consensus mechanism – DIGIT INFO

Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality

DIGIT — Thu, 12 Sep 2024 12:35:55 +0000

Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed […]

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Canto blames ‘secondary effects’ as chain halts again 90 mins after restart

DIGIT — Tue, 13 Aug 2024 02:46:51 +0000

The Canto blockchain has gone down again after briefly resuming. The team is currently working on a fix for the newly emerged issue.

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Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges

DIGIT — Thu, 06 Apr 2023 15:35:07 +0000

In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions […]

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Only 0.04% of Ethereum validators have been slashed since 2020, says core dev

DIGIT — Thu, 23 Feb 2023 02:30:24 +0000

Only 226 validators have been slashed since Ethereum staking began, with 75 of those coming from a single event in February 2021.

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Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network

DIGIT — Tue, 24 Jan 2023 09:00:23 +0000

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins. […]

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Greenpeace: Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change

DIGIT — Tue, 22 Nov 2022 09:30:40 +0000

Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was “falling behind” on this issue, explaining that most Bitcoin-linked groups fail to even acknowledge the ostensible problem. Greenpeace Blasts Bitcoin’s Lack of […]

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Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge

DIGIT — Mon, 19 Sep 2022 10:00:07 +0000

Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts. Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals Vietnam’s crypto miners have suffered heavy […]

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Why Governance is the Greatest Problem That Blockchains Must Solve

DIGIT — Mon, 16 Jul 2018 02:40:36 +0000

A chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders. Getting nodes to achieve consensus is easy compared to the difficulty of getting humans to achieve consensus. The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance. […]

The post Why Governance is the Greatest Problem That Blockchains Must Solve appeared first on Bitcoin News.

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