layer-1
Venom Foundation Announces the Release of its Public Testnet
Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem.
OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development
OKX Ventures has invested in Celestia Lab's Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain innovation globally.
Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded
Ethereum has been seeing an upward trend, and demand may increase further in anticipation of the upcoming ETH 2.0 update expected in Q3 2020. Ethereum is scheduled to undergo a major change of its consensus mechanism, transitioning from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has been expecting its scaling to occur for some time, and according to Ethereum’s creator, Vitalik Buterin, it could already be happening. Vitalik Buterin recently tweeted that the Ethereum blockchain network’s “layer 2 strategy has basically succeeded.”
TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data
Following President Trump’s executive order against TikTok, new evidence has revealed that the social media app had been collecting unique identifiers from millions of mobile devices, allowing the China-based app to track user’s online without permission.
Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet
In our exclusive interview with Hedera’s Chief Scientist and Co-Founder Dr. Leemon Baird, Blockchain.News gets the details on how Hedera Hashgraph achieves Asynchronous Byzantine Fault Tolerance, the growing Hedera Governing Council and the use of the Hedera Hashgraph DLT to prevent coupon fraud.
Ethereum Could be Bigger Than Bitcoin by Market Cap in 10 Years, says Raoul Pal
Although Pal still believes that Bitcoin is the perfect collateral layer, he believes Ethereum may overtake Bitcoin by market cap in 10 years.
Ripple Releases 1 Billion XRP from Escrow
Ripple has once again released 1 billion XRP from its escrow account.
Bitcoin Addresses with more than $1 Million Go Parabolic
Onchain data provider Glassnode has revealed that BTC addresses holding more than $1 million increased by 150% to 66,540.
Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance
FinTech platform and crypto-backed loan service provider YouHodler has selected digital asset wallet provider Ledger Vault to be implemented across its platform, to offer its users an added layer of security and protection.
Bitcoin Inches Closer to a Market Value of $1 Trillion
Bitcoin is making notable strides because its current bull run has resulted in its market value being a stone’s throw away from the $1 trillion mark.
MicroStrategy Scoops Up another $1 Billion Worth of Bitcoin
MicroStrategy has announced that it has just invested another $1 billion in Bitcoin, purchasing the digital asset as it was trading around $52,765.
Will SushiSwap's Sushi Token Suffer a Second Price Drop Below $1?
The SUSHI token may suffer a second drop, which could plummet below $1. Here's why.
$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History
On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.