Celestia Foundation raises $55M for modular blockchain architecture
The company claims that the technology will solve the challenges inherent when deploying and scaling blockchains. Go to Source Powered by WPeMatico
Scalability
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Ripple wants to bring Ethereum smart contracts to the XRP Ledger
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability. Go to Source Powered by WPeMatico
Fan token firm Chiliz grows staff by 70% despite crypto winter
Scalability is one of the possible reasons for the fun token industry to grow despite the ongoing bear market, according to Chiliz and Socios CEO. Go to Source Powered by WPeMatico
Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing
The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,” and developers are encouraging people to join the testnet, report bugs, … Read more
Algorand upgrade boosts speed, adds trustless cross-chain communication
Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade. Go to Source Powered by WPeMatico
Helium devs propose ditching its own blockchain for Solana
The transition to Solana would improve network scalability, which in turn would bring “significant economies of scale” to the network, according to Helium core devs. Go to Source Powered by WPeMatico
Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth
Decentralized finance TVL is down by 66%, but growth in DEX aggregators, active addresses and steady fund raises show “DeFi winter” is not upon us. Go to Source Powered by WPeMatico
Ethereum will outpace Visa with zkEVM rollups, says Polygon co-founder
A new scaling solution, zkEVM rollups, could allow Ethereum to overcome Visa in terms of transaction throughput, says Polygon co-founder Mihailo Bjelic. Go to Source Powered by WPeMatico
The Merge is Ethereum’s chance to take over Bitcoin, researcher says
Ethereum’s imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. Go to Source Powered by WPeMatico
Bitcoin is for billions: Fedimint on scaling BTC in the global south
A community custody protocol, Fedimint wants to scale the Bitcoin network to a billion users located in the global south. Go to Source Powered by WPeMatico
