sidechains – DIGIT INFO

Bitcoin L2 and Sidechain Networks Surge to $1.31 Billion in Locked Value

DIGIT — Wed, 18 Sep 2024 14:45:45 +0000

This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […]

Go to Source

BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal

DIGIT — Tue, 12 Sep 2023 04:16:55 +0000

The proposal would allow other blockchains to be built on the Bitcoin network. In August, a core developer rewrote the proposal’s code and requested it be added to Bitcoin’s codebase, sparking new debate over its merits.

Go to Source

Blockchains need an interoperable standard to evolve, say crypto execs

DIGIT — Mon, 17 Apr 2023 05:11:08 +0000

Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.

Go to Source

What is a supernet, and how does it work?

DIGIT — Mon, 20 Feb 2023 08:19:59 +0000

A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.

Go to Source

Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

DIGIT — Mon, 13 Feb 2023 01:36:18 +0000

If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.

Go to Source

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. […]

Go to Source

Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

DIGIT — Thu, 24 Mar 2022 20:38:05 +0000

AXS and RON price are turning bullish as excitement builds for the launch of Axie Infinity: Origin.

Go to Source

Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow

DIGIT — Mon, 01 Nov 2021 21:45:00 +0000

DOT hits a new all-time high as the project’s parachain auctions approach and the ever-expanding Metaverse could be behind the gains seen in CHR and THETA.

Go to Source

Gavin Andresen Publishes Theory of Possible Crypto Future: Whales Shut Down the BTC Network in the Year 2100

DIGIT — Fri, 24 Sep 2021 18:00:52 +0000

On September 21, former Bitcoin developer Gavin Andresen published an interesting blog post about “a possible [Bitcoin] future.” The blog post details a theoretical situation for the Bitcoin network in 2061, where most [bitcoin] transactions don’t happen on the [Bitcoin] network. A Theoretical Look at $6 Million Dollars per Bitcoin and the Year 2061 Following […]

Go to Source

Bitcoin-based security token offering approved in Germany

DIGIT — Fri, 17 Sep 2021 13:00:53 +0000

Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token.

Go to Source