|All Time High:|
|Market Cap: |
|The price of #XCN today is $0.09 USD.|
For this period, the price of Chain/#XCN is up by a mooning bazillion %, based on starting price of $0 and ending price of $0.085.
The lowest XCN price for this period was $0, the highest was $0.085, and the exact current price of one XCN crypto coin is $0.08550.
The all-time high XCN coin price was $0.21.
Use our custom price calculator to see the hypothetical price of XCN with market cap of ETH or other crypto coins.
|The code for Chain is #XCN. |
Chain is a newer coin by our records, at least 4.9 months in age.
|The current market capitalization for Chain is $1,836,454,603.|
Chain is ranked #37, by market cap (and other factors).
|The trading volume is large today for #XCN.|
Today's 24-hour trading volume across all exchanges for Chain is $19,558,351.
|The circulating supply of XCN is 21,479,191,242 coins, which is 31% of the maximum coin supply.|
Relatively, Chain has a large supply of coins, 976 times larger than Bitcoin's supply, for example.
The Auto Bubble, Supply Chains … and NFTs?
The Auto Bubble, Supply Chains … and NFTs? - — How can blockchain technology and NFTs create a transparent environment in an imploding automobile market?. — One of the most significant purchases an adult will make in their lifetime is purchasing real estate or financing a new or used car. In contrast to the housing market, the automotive industry is one of the least regulated in the world. With the automobile industry being comprised of only a handful of firms, these companies dominate the entire global market and the supply chain. In the advent of COVID-19, a domino effect has led to a series of events causing a spike in inflation, disruptions in supply and demand, and a global computer chip/semiconductor shortage. The latter had a great impact on new car production and the automobile industry in general. These semiconductor chips power the electronic components inside new car models. U.S Congress recently passed “The Chips and Science Bill” which will pour $280 billion into subsidizing chip manufacturing technology on a domestic scale. The premise of this bill should aid in easing the after-effects of the car market bubble. Only 14 car companies dominate the automotive industry These macro events, however, have filtered down to the average consumer. Known for having a lax code of ethics, purchasing a vehicle from one of the most unregulated markets is fraught with uncertainty and mistrust in car dealers...
Chain Partners with Tiffany & Co. to Launch “NFTiff”
Chain Facilitates Luxury Powerhouse’s NFT Drop Bringing Beloved CryptoPunk NFTs to Life. — <Saint Kitts and Nevis> (August 1, 2022) Chain, the industry-leading blockchain software solution provider, is pleased to announce its partnership with Tiffany & Co. and the launch of “NFTiff,” an exclusive pendant drop for the CryptoPunk Community. This historic project will only produce 250 custom-built pendants, the design of which will be inspired by the holder’s CryptoPunk NFT. Starting Friday, August 5th, CryptoPunk owners can purchase an NFTiff Pass for 30 ETH, and select which Punk they want immortalized in the form of a gemstone, gold and enamel Tiffany & Co. pendant. Chain worked side-by-side with the Tiffany & Co. team to launch NFTiff through its suite of services. “As a CryptoPunks holder, I saw a partnership with Tiffany as a way to make NFTs accessible to new collectors as well as strengthen the existing community that has embraced the art,” said Deepak Thapliyal, Chief Executive Officer at Chain. NFTiff was inspired by a photo shared on Twitter by NFT enthusiast and Executive Vice President of Tiffany & Co., Alexandre Arnault. In April, Arnault captivated the world when he shared his custom 18K rose gold and enamel pendant, adorned with Sapphire and Mozambique baguette Ruby glasses inspired by his CryptoPunk #3167. This captured the interest of Chain CEO, Deepak Thapliyal, who hol...
Monthly Recap: July 2022
Things are Heating up at Chain this Summer. — Chain Acquires Measurable Data Platform in $100 Million DealChain Announces Strategic Collaboration with ChainlinkChain CEO Makes $100K Donation via @TheGivingBlock Chain Announces its Acquisition of Measurable Data Platform [MDT] Chain recently announced a merger-and-acquisition deal worth over $100 million with the Measurable Data Platform. Chain will be acquiring a number of assets, including MDT, cash-back application RewardMe, and financial data protocol MeFi. The Hong-Kong based company empowers individual users to collect rewards for sharing data. Along with the various products that will be integrated into the Chain ecosystem, MDT Director Heatherm Huang has been invited to join Chain as a Chief Product Officer, along with his team of talented professionals. The fact that this transaction will involve a token conversion from MDT into Chain’s native token XCN, distinguishes it from previous acquisitions in the space. With this acquisition, the Measurable Data Token (MDT) will be burned and swapped for XCN tokens. MDT token holders will benefit from the swap and should receive a $0.09 MDT token value for the swap, which currently sits at $0.032 as of July 27th, 2022. Chain Governance Users May Now Use Chainlink to calculate the value of their XCN to USD Earlier this month, Chain announced that their governance users can now use Chainlink to calculate the value o...
Chain Announces Acquisition of Measurable Data Token
Chain acquiring MDT, RewardMe & MeFi for over $100 million <SAINT KITTS AND NEVIS> Chain is thrilled to announce it will be acquiring the Measurable Data Token and its ecosystem products in a deal with a value at over $100 million (subject to the total number of MDT swapped for XCN of participating MDT holders). The deal consists of acquiring the Measurable Data Token (MDT), the native digital utility token powering a decentralized data ecosystem, as well as it’s blockchain applications RewardMe and MeFi. The MDT ecosystem aims to empower data rewards for individual users, while accelerating the blockchain adoption in everyday life through various innovations. Chain will be acquiring RewardMe, a cashback app whereby users get rewarded automatically in cryptocurrencies and digital gift cards for their daily purchases. With this acquisition Chain will launch Chain Rewards, which is envisioned to be a flagship consumer facing crypto super app, connecting individual users and merchants across the globe through the Chain ecosystem. The app will be rebranded as Chain Rewards in the coming months and the utility token will become XCN. Chain will also be acquiring MeFi, a blockchain oracle which bridges capital market data with DeFi, and is custom tailored to bring traditional finance data into oracle-powered data streams. This will power ChainFi, Chain’s oracle system designed for Sequence clients to get access to tr...
Chain Insights — Will Global Economic Unrest Light the Path to Mass Adoption?
Chain Insights — Will Global Economic Unrest Light the Path to Mass Adoption? Fourteen years have passed since the inception of cryptocurrency was introduced to the world. Advancements are continuously being made within blockchain technology’s wide range of use cases, with or without mass adoption. Similar to a broken record, mainstream media outlets have clung to the narrative that crypto has perished and deemed the asset class a scam. However, the same entities that once had a strong distrust towards the technology are now running in flocks to pour funding into the next big Web3 project. Recent developments in the global economy show that reckless government spending and money printing has devalued currencies, and even led Sri Lanka, the first country in the world to declare itself bankrupt. Americans are facing a whopping 9.1% inflation rate, after the Fed promised that inflation was only transitory. U.S Treasury bonds have hit an all-time low since the pandemic. The Euro, which has held a stronger purchasing power over the U.S dollar since 1999, officially tumbled in its parity against the dollar. Analysts predict that the euro could fall to $.90 cents if Russia continues to withhold gas supplies to the EU But how could blockchain solve, or at the very least ease, some of the financial stressors billions around the world are encountering? Here at Chain, our mission is to inspire future Web3 creators to build the...
Chain Research — Decrypting PoW and PoS
Chain Research — Decrypting PoW and PoS — Why is Ethereum, the second-largest blockchain, set on migrating from PoW to PoS?. — When Bitcoin mined its first Genesis Block in 2009, it was accomplished using the “Proof-of-Work” consensus mechanism. Proof-of-Work, often referred to as “PoW”, is a secure computing system implemented by several blockchains including Bitcoin and Ethereum. When running a blockchain network, each block needs validation by a set of nodes. Nodes are paramount in a blockchain network because they ensure the data integrity of each transaction. Using secure hashing algorithms, there is no way to reverse a transaction once it is broadcast to the network for verification. This is what gives blockchain technology the reputation for being an immutable ledger. Using computational power, each block on the blockchain is validated by using an intense mathematical process to verify the block, and add it to the chain of existing blocks. This process is known as mining. Miners who participate in validating new transactions on the blockchain’s distributed ledger are rewarded in freshly minted cryptocurrencies for contributing their resources to the peer-to-peer (P2P) network. Hal Finney built the modern Proof-of-Work system, and was also the first recipient of Bitcoin. He originally intended to use ‘Reusable PoW’ for tackling spam emails. Nick Szabo, a researcher who worked closely wi...
Monthly Recap: June 2022
June Highlights:Chain Lands in Austin for Consensus 2022Launch of XCN Bridge Powered by Wormhole NetworkCoinbase Adds XCN to its Crypto Exchange PlatformChain Continues Expansion, Despite Crypto Winter Chain Attends Consensus 2022 as an Official Sponsor Chain returned to Consensus 2022 for the first time since the global pandemic. The streets of Austin were bustling with crypto enthusiasts from all over the world. Chain sponsored events such as the “Sport Court”, where one lucky shooter had the chance to win 1 whole Bitcoin for landing a 3-point shot, each night for three days. Chain CEO, Deepak Thapliyal matched the 3 Bitcoin from the giveaway, and donated it to “Feeding Texas”, to support families struggling with the rising costs from inflation. Guests also enjoyed personalized profile pictures from Chain’s automated bots, as memorabilia from their time at Consensus. Read more about the event here. Official Launch of XCN Bridge Chain’s native token, $XCN, announced the launch of XCN Bridge earlier last month. The decentralized bridge will enable users to seamlessly transfer XCN to and from Ethereum to other supported blockchains such as BNB Chain. Powered by the Wormhole Network, users will have access to a trustless method to transfer XCN across various blockchains without giving up custody of their assets. Users can access the user-friendly platform on bridge.chain.com. Chain (XCN) is Now Live on Coinbas...
Chain Integrates Chainlink Price Feeds to Help Calculate the Value of Staking Rewards and…
Chain Integrates Chainlink Price Feeds to Help Calculate the Value of Staking Rewards and Governance Tokens in USD We’re excited to announce that the Chain protocol has integrated Chainlink Price Feeds on Ethereum Mainnet. By integrating the industry-leading decentralized oracle network, Chain has access to high-quality, tamper-proof price feeds needed to calculate the USD value of staking rewards earned in XCN — the native cryptocurrency and governance token for the Chain protocol. Ultimately, this integration helps keep users informed about the value of their assets in USD as they accumulate XCN staking rewards. Our initial integration involves the use of the following Chainlink Price Feeds: XCN/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. Chain is a blockchain-based technology company that provides infrastructure software services for organizations that are building their products from the ground up. Chain’s native digital asset, XCN, has utility in the Chain ecosystem of products through staking, governance, payments, access, and fee...
Chain Insights — Crypto Winters: An Opportunity to Build or Hibernate?
Chain Insights — Crypto Winters: An Opportunity to Build or Hibernate? — Successful projects are built during economic downturns, and your start-up idea could be next.. — How did we get here? Fear and uncertainty have been looming over the global markets for the first half of 2022, and crypto has been no exception. Depegged stablecoins, frozen withdrawals, sharp declines in prices, and layoffs from top exchanges have raised cause for panic in the industry. From a macroeconomic perspective, Americans are experiencing the fastest rise in inflation in 50 years; housing costs and the price of necessities have soared, and the Fed is raising interest rates to calm the effects of their money printing fiasco, that is adding ether to the fire. The U.S S&P 500 is off to its worst start since WWII, and as Bitcoin’s price closely correlates with the stock market, this domino effect has ensued on all of crypto. Seasoned traders, long term investors, and industry leaders are prepared for a recession, and have experienced downward trends like this in the past. It is important to note that market declines and recessions are a part of a healthy economic cycle. The blockchain industry is still in its youth, and has already overcome several bear markets in its short lifespan. This time around might feel like the end of crypto for newcomers, but the truth is, the engagement surrounding the industry has only skyrocketed....
Streamline your NFT launch with Chain’s NFT-as-a-Service Platform
Despite the polarizing opinions and growing sensation surrounding NFTs, launching your own NFT project requires skill, patience, and consistency. It has never been more accessible for artists to claim ownership and royalties for their work in modern history, until now. NFTs have opened doors for many creators, brands, and organizations regardless of their understanding of blockchain technology. This process may be daunting for new creators in the space, or time-consuming for leading brands in the community. Chain recently launched “Chain NFTs”, an NFT-as-a-Service platform to support organizations with the resources they need to launch a successful NFT project. Experienced NFT designers know that having a beautifully designed project stand on its own, without proper execution, is not enough. The absence of effective marketing and operational strategies can leave your project collecting dust after its launch. Organizations are aware that there are multiple steps and obstacles that come with cultivating a successful NFT line. A few thoughts that may cross the minds of your creative/marketing team may be: “How do we develop a strategy? Where do we find direction in our designs? How should we price our NFTs? Where do we mint our collection? How do we create traction and value around our NFT project?” and so on. Thankfully, Chain NFTs can support these lingering concerns by providing extensive design-to-deployment service...
More Chain (#XCN) News
|Tothesmart Is an Exclusive New Smart Contract Built on the Binance Smart...
PRESS RELEASE. Now there is no need to buy expensive equipment and pay for electricity, you can simply buy virtual miners from Tothesmart and earn up to 5% per day in passive income.
What is Tothesmart?
Tothesmart is a Play to earn mining Farm built on the Binance Smart Chain blockchain.An open smart contract with a unique mathematical model based on the successful mining model of bitcoin and other cryptocurrencies.
The goal is to create a large international community and further develop the Tothesmart ecosystem in the cryptocurrency market, where all early community members will be generously rewarded when launching new product.
It works simply. Users buy miners and each miner brings in 1 MineToken every second. You can sell the tokens for Stablecoin Busd or reinvest in buying miners to earn more.
In the project there is an Ambassador program, participants can earn income from each purchase of miners as well as income of their followers for 7 generations in depth. The full analysis of the Ambassador program can be found on the https://tothesmart.com website in the WhitePaper section.
Another big difference of Tothesmart is that not only the fastest and the first one win, the last one gets everything!
Thanks to the Time Pool mechanism you won't have to worry about being the last player to buy miners. To be the last – it means to win.
1% of each purchase and sale in the Tothesmart contract is transferred to the Time Pool smart contract.
If no one else has bought any mi...
|Web3 Product Studio 0xytocin Labs Acquires NFT Project Chain Scouts
[PRESS RELEASE - Singapore, Singapore, 10th July 2022]
The developer team behind Project Godjira, SkyVerse, and many other NFT projects, 0xytocin Labs, has acquired Chain Scouts to enhance their ecosystem and develop exciting NFT products.
With a team of over 30 safe NFT drops and over 5000 ETH processed through their products, 0xytocin Labs has been growing consistently and will lead the Chain Scouts ecosystem with their experience and passion for innovation.
With a staking game planned to drop in this quarter, the Chain Scouts community will get access to a never-before implemented multi-chain game. Playable with the Omni-Chain Ships(NFTs on Ethereum and Polygon), Chain Scouts NFT collections’ holders will be able to claim their first ship(s) for free! (minting additional ships will be possible using the Chain Scouts ecosystem erc20 token $BANANITE).
Users can join the ChainScouts discord here and start their multi-chain gaming journey!
With exciting NFT partner collaborations also being an integral part of the game dynamics, this innovation in the NFT staking game universe will only be the start of this journey. A metaverse experience for the Chain Scouts community is planned for later this quarter. This metaverse is going to be hosted on a Minecraft server built in collaboration with 1UP Nova and NFT Worlds. Additionally, another pixel-art metaverse experience unlike any other will kick off development in the existing quarter as well.
About 0xytocin Labs
|Binance Labs + BNB Chain now accepting applications for the 5th MVB Acce...
Most Valuable Builder (MVB) Accelerator Program, the incubation program designed to support builders on BNB Chain, a community-driven and decentralized blockchain, is now accepting applications from projects for its fifth cohort: Uncharted Territory.
MVB is the program behind several successful projects on BNB Chain such as MCDEX, Biswap, Deri Protocol, and WOO Network. MVB V seeks to support projects with a defined vision, plan, and team.
There will be two pools in the program: incubation and investment. Any selected projects will be guaranteed 6-8 weeks of a curriculum including mentorships and fireside chats with market leaders.
BNB Chain is the largest smart contract blockchain in terms of transaction volume and active users.
The ecosystem has more than 1,300 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more.
Since its launch in 2020, BNB Chain has processed more than 3 billion transactions from 163 million unique addresses, reaching a daily transaction all-time high (ATH) of 16.26 million in November 2021.
“MVB V will attract a wide range of developers across key segments such as infrastructure, DeFi, GameFi, SocialFi, and Metaverse, driving project development and innovation within the BNB Chain ecosystem. It connects founders with our extensive network of industry leaders and investors in the crypto space, and makes it possible for current and future cohort-mates to collaborate closely. Overall, MVB strives to offer ...
|Uri Stav, Former CSDO of Genesis, Joins Locus Chain as Advisor
[PRESS RELEASE - Please Read Disclaimer]
Bloom Technology, the developer of the fully decentralized next-generation blockchain with high performance and unlimited scalability Locus Chain, has announced their new team member, Uri Stav as an advisor to the technology sector of the Locus Chain.
Uri Stav is a technology, security and cryptography professional with over 25 years of experience, leading security and complex systems engineering teams, including work across a range of government organizations. He has been involved in digital asset and blockchain technology and cybersecurity since 2009, when Bitcoin has firstly appeared.
Uri Stav has served for last 6 years as Chief Security & Development Officer of Genesis Global Trading, which is a wholly owned subsidiary of Digital Currency Group (DCG), the largest conglomerate in the -digital assets and blockchain space. DCG is currently the largest -investor in North America focusing on the digital currency market. Currently, DCG's assets under management are estimated to be around $90 billion dollars, and it is involved in more than 300 blockchain and crypto projects. Genesis, Grayscale, Coindesk and 4 similar other big crypto firms are wholly-owned subsidiaries of DCG.
Locus Chain, developed by veteran game developers at Bloom Technology, is a next-generation layer 1 chain that achieves the best performance and unlimited scalability while maintaining the complete decentralization. Thanks to its ultra-low-cost nodes, which can be...
|Plugin Partners With Inclusive Growth Chain to Implement the 'Proj...
The Plugin and Inclusive Growth Chain have collaborated to implement the ‘Project Pollution Check’. The Pollution Check is designated to collect and tabularize the data regarding air pollution. And further help end-users like air purifier producers, realtors, and the environment conversalists both in public & private sectors.
In this context, let's investigate the Plugin and Inclusive Growth Chain partnership and the way the ensuing blockchain-based answers will assist to enhance real-time air-pollutants tracking and ease the development of specific blockchain outcomes.
Today, poor ambient air quality is one of the most crucial public health concerns around the globe. Exposure to polluted air causes more than 6.6 million premature deaths each year and makes up close to 8% of the global burden of disease. What’s more, exposure to air pollutants reaches far beyond respiratory illnesses. Research shows that there are links between air pollution and non-communicable diseases like diabetes, cancer, and more recently COVID-19 health outcomes.
While air quality is a global sustainability issue with varying severity and effects across nations, there’s a need to adopt novel approaches to manage the issue. One approach to the problem is technology. Leveraging tech will help overcome factors that put pressure on ambient air quality.
On that note: blockchain technology and its novel use cases holds a lead position in helping track air pollution in real-time using ...
|Cube Chain Launches High-Performance Modular Mainnet to Meet Demand For ...
[PRESS RELEASE - Please Read Disclaimer]
World’s leading public Web3 blockchain, Cube Chain, on Monday announced the launch of its Cube mainnet — the end product of Cube Chain’s blockchain project that is accessible by the public.
Cube Chain is a new, modular and permissionless blockchain designed based on multi-chain architecture. Similar to various public chains such as Ethereum and Polkadot, Cube Chain is committed to resolving the blockchain’s trilemma — a widely-held belief that decentralized networks can only provide two out of three benefits at any given time with respect to decentralization, security and scalability.
The popularity of large-scale applications of blockchain technologies such as GameFi, DeFi and NFT, have fueled market need for public chains that encompass high performance and advanced security while maintaining scalability. Cube Chain fully intends to fulfill all three criteria while catering to market demand, and early reception from the public contains strong success indicators. Since its testnet (blockchain used for testing and experimentation) was launched on May 25, transaction volumes have exceeded 1.7 million, while the total number of addresses has exceeded 134,000.
A slew of next-generation features the places Cube Chain in an ideal position to solve the blockchain trilemma while meeting the needs of the blockchain market.
The key architecture behind Cube Chain splits the functions of the blockchain more systemati...
|American Fast Food Chain Chipotle Embraces Crypto Payments in the US
The popular restaurant chain - Chipotle Mexican Grill - collaborated with Flexa to allow clients to pay their bills in cryptocurrencies. The offering is available in all nearly 3,000 company locations in the United States.
In addition, the luxurious hotel located in Dubai - The Manor Hotel by JA - also plans to enable payments in digital assets.
Chipotle Joins the Crypto Universe
Chipotle Mexican Grill became one of the largest US restaurant chains to embrace cryptocurrencies as a means of payment. The partnership with Flexa means that customers can pay their bills using almost 100 digital assets (with Bitcoin, Ether, and Dogecoin being some of those).
Bitcoin, but make it **burritos.**
We’re delighted to share that @ChipotleTweets is now accepting payments in #bitcoin, #ether, #dogecoin, and more, exclusively through Flexa. https://t.co/W0ktwPX7i3
— Flexa (@FlexaHQ) June 1, 2022
The initiative encompasses all 2,979 Chipotle restaurants in the USA. Moreover, to celebrate the new offering, the company will grant a 10% discount to clients' next purchase paid with cryptocurrencies.
Despite its massive presence in the States, Chipotle also has locations in Canada, the UK, Germany, and France. As of the moment, it remains unclear whether the company will apply the new payment option to some of those destinations.
The Mexican-style restaurant is not the only fast-food chain that has said 'yes' to digital assets as payments. In 2020, Pizza Hut enabled bitcoin and othe...
|Locus Chain Announced Kingdom Under Fire Blockchain Server
[PRESS RELEASE - Please Read Disclaimer]
The unprecedented technological breakthrough of blockchain technology replacing game server on online game 'Kingdom Under Fire on Locus Chain' set to be released this summer!
Starting with the FGT to commence next week, the final test phase begins
A huge innovative leap forward in blockchain technology – Gamechain version of Locus Chain’s Mainnet
The true blockchain innovation that opens endless ways of blockchain technology in the future
Bloom Technology, the developer of the next-generation blockchain platform Locus Chain, announced that it would release an online game 'Kingdom Under Fire on Locus Chain' this summer, which is the world's first online game with blockchain technology to replace game matching server and make it playable without a server.
Starting with FGT (Focus Group Test) next week, they will begin entering the final test phase. Kingdom Under Fire was released in the winter of 2000, the first to introduce the hero system in RTS games, and sets a record for the largest number of package sold in Korea. It was also praised as the only rival to the highly successful RTS game StarCraft. Kingdom Under Fire operated the Wargate.net server that supported ladder games, league matches, and tournaments for network players, and was released in over 30 countries worldwide, selling more than 500,000 copies. Locus Chain has replaced Wargate.net, allowing users to play games online without a server.
This technology lowers...
|Ethereum Beacon Chain Launches on a New Testnet in Preparation for Upcom...
As The Merge is set to occur in August, leading Ethereum developer, Tim Beiko announced on Tuesday that the Ropsten Beacon Chain had been launched as a testnet for Ethereum users. Ropsten will be the first longstanding testnet to run through The Merge, which marks the end of the PoW architecture of Ethereum.
A Step Closer to The Merge
The Ropsten testnet - created nearly five years ago and considered one of the best replicas for the Ethereum blockchain - mimics aspects of the ETH mainnet, making it a test model of what the Proof-of-Stake network may look like. For devs and validators, they can have a first glimpse into The Merge and what code-related problems they may encounter without affecting the mainnet.
According to Ethereum's official blog post, the 'Bellatrix' upgrade, scheduled for June 2, will pave the foundation for The Merge. A few days after this, a metric known as the Terminal Total Difficulty (TTD) that measures mining difficulty will be determined by miners to trigger the transition. Miners will then need to configure their nodes with the given value.
Ethereum developer Tim Beiko provided more details on the launch, stating that - in order to make The Merge happen - the Beacon Chain must launch the latest upgrade, and the TTD of the PoW side must be determined.
Ropsten Merge Announcement
Ethereum's longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.
|BNB Chain Lays out its Future Plan Focusing on Decentralization and Inte...
To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N' Build (BNB) Chain - which was branded as more decentralized and with higher scaling capabilities.
BNB Chain put out its technical roadmap on Tuesday regarding its developments in cross-chain interoperability, decentralization, governance and mechanism, and more.
Decentralization and Open Source Applications
According to the official Twitter thread, the number of monthly users on the BNB Chain has reached 2 million, twice as much as Ethereum has for now. The post highlights that the upcoming developments will focus on making the layer-one blockchain more decentralized, bringing open-source applications into its Beacon Chain, and nearly doubling up its number of validators via the BEP-131 proposal.
Can't attend the #BNBChain Revelation Summit live stream? Don't despair!
In this thread, we'll provide you with live coverage of the event so you can catch up with the most important news
Watch on YT
or Binance Live
— BNB Chain (@BNBCHAIN) May 31, 2022
In this way, the team believes it will offer a higher degree of transparency and security to the users.
Known for letting users easily build their own platforms through BNB Application Sidechain (BAS), BNB Chain will push the ZkRollups on BAS to finally transition to the zkBAS s...
|Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value ...
On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset's first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA has dropped more than 70% as it traded for $4.20 per unit at 11:00 a.m. on Saturday. LUNA 2.0 Launches
The new LUNA token is now trading as the crypto asset was airdropped to LUNA classic (LUNC) and UST classic (USTC) holders. Presently, there's a maximum supply of 1,000,000,000 LUNA coins but the current amount of tokens in circulation is unknown.
LUNA is currently seeing the most activity on the trading platform Okx and 24-hour metrics indicate LUNA has seen a price range between $18.87 and $4.20 per unit. Other exchanges seeing LUNA trading activity include Gate.io, and MEXC Global.
'Luna2' and 'Luna 2.0' have been trending on social media during the past 24 hours as holders have been receiving their airdrops. A number of people have been asking where they can trade the new LUNA token.
Terra's co-founder Do Kwon tweeted about the launch on Saturday and said: 'Phoenix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be going live shortly.' Kwon also said: 'To view your LUNA (or LUNA2 as some exchanges call them) token balances, you only need to log into [Terra Station] and refresh the page.'
A number of exchanges ...
|Ethereum's Beacon Network Deals With a 7-Block Chain Reorganizatio...
On May 25, seven blocks were reorganized on Ethereum's Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the 'current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.'Ethereum's Beacon Chain Reorgs
While all eyes have been glued to development surrounding Ethereum's upcoming transition to proof-of-stake (PoS) via The Merge, the chain that will be crucial to the transition, Ethereum's Beacon chain, suffered a seven-block deep reorganization.
A blockchain reorganization, otherwise known as a reorg, is basically a chain split and nodes receive blocks from a new chain amid the existence of the old chain. In the case of Ethereum's Beacon chain, the reorganization occurred at block height 3,887,075 to block 3,887,081.
Martin Köppelmann, the co-founder of Gnosis, noticed the event and tweeted about it on social media. 'The Ethereum beacon chain experienced a 7-block deep reorg -2.5h ago,' Köppelmann said. 'This shows that the current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain… (proposals already exist).' Köppelmann added:
This, unfortunately, shows that the analysis by [Georgios Konstantopoulos] and [Vitalik Buterin] here was too optimistic when the article claimed reorg stability will improve in PoS over PoW. We have not seen 7 block reorgs on Ethere...
|Cube Chain Test-Net Goes Online: A Prelude to Enhanced On-Chain User Exp...
[PRESS RELEASE - Please Read Disclaimer]
Cube Chain, a new modular permissionless blockchain with multi-chain architecture, today announced the official launch of its test-net. Cube Chain is specially designed to unlock the full potential of GameFi, Metaverses, and DeFi. Touted as the next-generation, high-performance network, it boasts features such as low-cost transactions, EVM and Cosmos ecosystem compatibility, and innovative BFT protocol.
With the growth of GameFi, DeFi, and NFT, transaction volumes on chains have increased exponentially, and early public chains have been unable to meet the needs of users. For example, Ethereum takes about 10 minutes to complete a transaction during peak periods and gas fees can reach several hundreds of dollars. To meet the needs of the industry, Cube Chain takes the high-performance Layer 1 blockchain as the base and fundamentally solves the problem of blockchain expansion, providing users with a fast and low-cost trading platform. Core features of Cube Chain include:
Modular layered architecture with built-in and self-developed Collaborative Rollup to ensure transaction security.
'Chaos' Consensus: a brand new pipelined-optimized BFT consensus that comes with high throughput, decentralization, security, and fast transaction confirmation.
Multi-Chain: a decentralized cross-chain communication protocol named “Time Crossing”, which supports cross-chain DeFi contract calls and is compatible with Cosmos IBC protocol supporting...
|GoPlus Security Raises Multi-Million Dollar Private Funding Round From M...
[PRESS RELEASE - Please Read Disclaimer]
In April 2022 GoPlus Security Engine, a leading Web3 Security Infrastructure provider, raised a multi-million dollar private funding round. This round was co-invested by several public chain entities including Crypto.com Capital, Huobi incubator, KuCoin Ventures, Arweave, Harmony, Avatar (Avalanche Asia Star Fund), and Neo, with participation from numerous parties including SevenX Ventures, GSR Markets, and Geekcartel.
Previously, GoPlus Security Engine had finished an angel round in August 2021, led by SevenX Ventures with Mask Network, DeltaBC, Puzzle Venture, Youbi Capital, Incuba Alpha, Lucid Blue, InsurAce, and Richard Ma, the CEO of Quantstamp.
GoPlus Security Engine is the Web3 Security Infrastructure, it covers most of the major networks with multidimensional risk detection, dedicated to a safer web3 environment.
GoPlus Security Engine is user-friendly to both crypto projects and ordinary investors and offers a complete, dynamic, and automated security detection platform, with functions including token risk detection, malicious address library, NFT risk detection, real-time risk warning, and dApp contract security detection. Go+ is aiming to build an open security ecosystem with other web3 security service providers.
|EY Scales its Blockchain API Services for Upgrading Supply Chain Managem...
EY - a Big Four accounting firm - launched a new application programming interface (API) for its blockchain platform, allowing enterprise users to transact on public blockchains without dealing with the complexity of entire DLT systems.
New API for EY OpsChain
EY OpsChain, part of the giant's blockchain platform, is a subsidiary dedicated to solving issues in procurement, supply chain, and traceability through the use of notarization and tokenization. The newly announced EY OpsChain API services will allow users to then move across the supply chain network via blockchain mainnets such as Ethereum and Polygon.
The company revealed that initial services will support token standards, including ERC- 721, ERC-20, and ERC-1155, to ease the prior difficulties in supply chain management. Enterprises can thus deploy token contracts and mint or burn coins. EY outlined the adoption of the new API as which:
'The EY OpsChain API services take typical enterprise system outputs, such as serialized parts, batches or products, and turn that into unique blockchain tokens carrying history and origin information.'
EY's Global Blockchain Platform Lead Sam Davies said enterprises could tokenize output by adopting the new API that will help simplify the production system. He also noted that the team had used the system to distribute 8,000 NFTs internally as a New Year's greeting to its employees.
'Clients can take output directly from a production system and turn it into tokens. The highest volume ...
|Terra Community Plans to Vote on Forking the Chain — Launch May Ai...
Following the aftermath of Terra's UST implosion, the blockchain project's founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens from the network will be airdropped to Terra ecosystem participants and holders.Terra Community Members Plan to Vote on a Fork Proposal to Revive the Broken Project
Last week the Terra blockchain ecosystem was obliterated and the project's native tokens lost significant value. At the time of writing, a single LUNA token is trading for under a U.S. penny and the once-stable coin terrausd (UST) is changing hands for $0.09 per unit. During the last few days, Terra's team - Terraform Labs - and the community have been discussing how to remedy the project's fallout and give value back to the blockchain's participants and holders. On May 16, Terra's founder Do Kwon published a revival plan that aims to fix the project's problems, and the proposal will be voted on Wednesday, May 18.
The proposal called 'Terra Ecosystem Revival Plan 2' aims to fork the blockchain into a new chain that doesn't involve adding an algorithmic stablecoin. The old chain will be called 'token Luna Classic or LUNC' and the new chain will inherit the original branding by being called 'Terra LUNA.' Following the split, the new tokens will be airdropped to Luna Classic holders, stake...
|Blockchain Veteran David Atkinson Joins Locus Chain Project as an Adviso...
[PRESS RELEASE - Please Read Disclaimer]
The team behind the development of the next-generation blockchain that achieved full decentralization and unlimited scalability, announced that David Atkinson has joined Locus Chain as an advisor.
David Atkinson has a strong reputation as a veteran of the blockchain industry as an entrepreneur, ecosystem builder, architect and economy designer.
David is the co-founder of four highly regarded organizations contributing to advances in web3.
Holochain is a framework for self-hosting open source code and p2p application protocol. Holo is p2p web hosting, analogous to a decentralised AWS. SL2 Capital is a venture capital specializing in blockchain investment, and is known to be investing heavily in Web 3.0 and distributed ledger technology, especially in NFT, Metaverse, and GameFi. Rain Protocol is a open source, permissionless toolset for web3 economy building focussed on configurable bootstrapping and tokenomics tools crucial for growth of blockchain infrastructure, games and creators.
David Atkinson has built a successful career as an builder, incubator and advisor to blockchain-based ecosystems, as a blockchain investor, and as blockchain economist. His experience and influence in the blockchain industry are expected to play a major role in creating an ecosystem with various Layer2 projects and DApp developers.
Locus Chain is the next-generation blockchain platform that achieves the best performance and scalability in a fully decentrali...
|Metabloxz Brings a Major Swedish Pharmacy Chain Into the Metaverse
[PRESS RELEASE - Stockholm, Sweden, 10th May 2022]
Metabloxz enters into collaboration with one of the largest pharmacy chains in Sweden. Last week Kronans Apotek opened its first demo pharmacy in the Metaverse. The launch took place during SIME, Northern Europe's leading strategic event on digitization.
In collaboration with the metaverse platform Metabloxz, the pharmacy chain wants to explore the possibilities for future e-commerce in the virtual world. Metaverse pharmacy is the latest innovation in Kronans Apotek's digitalization journey and a pilot project to explore the retail of the future.
CEO and Co-founder of Metabloxz Jonny Youssef said: “It is an honor and a great pleasure to work with Linda Wakeham and Kronans Apotek to help them accelerate into the Metaverse with Metabloxz. I’m very impressed by their capability to go from idea to decision and delivery. Kronans Apotek is probably the first pharmacy that is exploring and launching in Metaverse and we are happy to be a part of their Metaverse journey”
Linda Wakeham, Head of PR Strategy at Kronans Apotek says: “We are convinced that the pharmacy of the future is about being able to offer the best possible service to customers in all channels. If it is in the metaverse, no one knows, but for us, it is important to be at the forefront of digital development and review how we can meet the needs of the future.”
Metabloxz is a scalable and flexible metaverse platform, which i...
|Klein Finance Announced the Completion of a Funding Round With Participa...
PRESS RELEASE. Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain.
Klein Finance is an efficient decentralized trading platform for digital assets built on KCC (Kucoin Community Chain), which aims to enable digital assets to be traded and staked for rewards in a secure and stable on-chain environment with low slippage, good depth, and low fees. 1. Klein Finance's mixed liquidity pool, which provides a cross-market mechanism for creating stablecoins, uses a license-free trading block at the bottom that can accommodate multiple stablecoins to non-stablecoins and multiple non-stablecoins to multiple non-stablecoins. 2. Trading mining and liquidity mining will be rewarded to traders, liquidity providers and partners according to certain reward rules, working together to achieve the goal of profitable agreements. 3. Klein Finance provides a cross-market mechanism for creating stablecoins, and the underlying uses a license-free trading block that can accommodate a wide range of exchange needs. 4. The dynamic pegging approach using AMM creates liquidity for assets that are not necessarily pegged to each other in a way that is more efficient than the invariance of (m-n=λ). This creates liquidity that is 5 to10 times higher than other traditional decentralized exchange invariants, whil...
|Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain ...
Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC's 19,000 decentralized applications (dapps) and games.
Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process
Three days ago, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside metaverse land sale which has been the largest NFT collection in terms of sales during the last seven days.
Week-long statistics from cryptoslam.io show Otherdeed has seen $721,337,124 in sales to date. Moreover, the crypto token apecoin (APE) and its transactions during the sale, pushed ether gas fees significantly higher during the metaverse deed sale.
The Bored Ape Yacht Club (BAYC) creators, Yuga Labs, said at the time that it 'seems abundantly clear, that Apecoin will need to migrate to its own chain in order to properly scale.' However, instead of a separate Apecoin network, the token built on Ethereum is now integrated with Polygon and an Apecoin DAO board member said there might not be a separate Apecoin blockchain.
1/ Following the @OthersideMeta mint we saw a series of reactions & discussions in & around the @apecoin community including that $ape should move to its own chain to limit issues...
|KyberSwap Launches on BitTorrent Chain With $1.5M in Liquidity Mining an...
Kyber Network and BitTorrent have announced the integration of KyberSwap with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately.
The partnership will accelerate DeFi's adoption with the combined benefits of best trading and earning rates, ease of use, security, and multi-chain capabilities.
Making Liquidity Mining Attractive
KyberSwap is the leading multi-chain DEX and is the best place to trade and earn the most excellent rates in DeFi. As of March 2022, KeyberSwap was the #7 DEX in terms of TVL growth and facilitated over US$8B of the trading volume. BitTorrent is an EVM cross-chain designed protocol that adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains to scale smart contracts. For the next 4 months, from 21st April, users of KyberSwap and BTTC can participate in more than US$1.5M of liquidity mining incentives.
Will KyberSwap become the de-facto DEX with the most liquidity and swaps on BTTC and cross-chain bridging with Ethereum, BNB chain and Tron network? The partnership certainly hopes so.
Why add liquidity on KyberSwap? KeyberSwap allows liquidity providers (LPs) to maximize returns with the best trading rates, attractive incentives and yields.
Amplified Liquidity Pools have extremely high capital efficiency; fewer tokens are required to achieve better liquidity and rates than AMMs.
Dynamic Fees that react to market conditions and optimize returns ...
|FloruishingAI Aims to Make BNB Chain Crypto Trading Easier by Launching ...
It goes without saying that we've seen plenty of protocols come to prominence, and one of them was undoubtedly the Binance Smart Chain. Later on, in its lifecycle, the Binance Smart Chain and the BNB Beacon Chain were united under one brand - the BNB Chain.
In any case, the BNB Chain is one of the most popular and commonly used networks, with hundreds of projects building on top of it.
We even saw it become the most popular network at the beginning of 2021 when the field of Decentralized Finance (DeFi) was primarily taking place over there for a certain period of time. This created a large userbase, and a lot of people continue using it with preference to others because of the high transaction speed and the low fees.
With this said, Flourishing AI is a protocol built on top of the BNB chain and has recently launched a much-anticipated service called upLink that's designed to simplify the connection to DeFi world of the BNB Chain for users in the US and abroad.
The product onboards newcomers and experts easily, allowing them to move cash and fiat directly into BNB on the BNB Chain. With Flourishing's AI-driven technology, upLink changes crypto trading while streamlining the process. This newest addition to the product suite of Flourishing AI saw the light of day in February this year.
upLink Simplifies BNB Chain Trading
The process of onboarding to the DeFi world is a complex one for newcomers. From converting fiat into crypto and moving across multiple platforms to setting u...
|Blockchain platform SIMBA Chain teams with Polygon to enhance Web3 biz d...
SIMBA Chain, a chain-agnostic API development platform, today has announced that it will integrate with Polygon, the popular platform for Ethereum scaling and infrastructure development, in efforts to further enhance Web3 adoption and development.
To date, SIMBA Chain and Polygon have independently served as technology platforms enabling scalable blockchain connectivity among centralized and decentralized entities.
Polygon's collaboration with SIMBA Chain on a variety of decentralized business use-cases will offer both ecosystems an expanded network of infrastructure, resources, and support.
Both SIMBA Chain and Polygon aim to lower the entry barriers of decentralized app development to non-crypto users and open doors for more businesses to engage in Web3.
'By working with Polygon, SIMBA Chain is able to offer customers innovative blockchain solutions with the requirements and expectations they have of any enterprise tech stack - and still leverage the benefits of Ethereum's market.'
- Bryan Ritchie, CEO of SIMBA Chain
Polygon + SIMBA Chain
SIMBA Chain will utilize Polygon's full-stack scaling solution as the go-to infrastructure on which to build and run custom, white-label NFT marketplaces for their customers.
A variety of brands, ranging from entertainment and sports to institutionalized entities, have already approached SIMBA, seeking cost-effective, low-to-no code, NFT solutions.
While SIMBA Chain thus far has been able to successfully provide customers with those soluti...
|HOO Smart Chain Grant Plan “Cosmic Origin Project” Officiall...
PRESS RELEASE. Hoo Smart Chain will open registration globally for the Cosmic Origin Project a grant and rewards program for decentralized application developers. The Cosmic Origin Project will provide incentives in forms such as, TVL Basic Rewards, Cross-chain Capital Hub Rewards, Game-fi/NFT Volume Bonus, and HOO Staking Bonuses in accordance to various project metrics. Providing sustainable support for developers. Hoo Smart Chain aims to build a visual blockchain and become a metaverse platform, and to embrace the potential of blockchains.
Registration channels such as the official website, various posters (by scanning the QR code), Twitter will be open for public. Once the number of registered projects reaches 60, the Cosmic Origin Project will officially be triggered and will last 6 months. The first registered projects will be announced on March 15th. In accordance to project metrics, each project will have the opportunity to receive up to millions of USDT ecological support.
Developers can go to the official website https://www.hoosmartchain.com to learn more about the Cosmic Origin Project, or click the form link to register directly http://hk.mikecrm.com/NtPoo5v. Developers are in also welcome to obtain, consult, and exchange development ideas at the official developer Telegram Group https://t.me/HooSmartChainDeveloperGroup. At the same time, Hoo Smart Chain will provide all qualified projects suitable amount of Gas fee support for testing and development.
Hoo Smart ...
|Pharmacy Chain CVS Files for 'Crypto-Collectible' and NFT Tr...
The American retail and pharmacy corporation CVS is looking to enter the metaverse according to trademark filings registered with the United States Patent and Trademark Office (USPTO). The filings mention things like CVS Health-brand 'downloadable virtual goods' and 'crypto-collectibles.'CVS Trademark Filings Discuss Virtual Worlds and NFTs
The drugstore giant CVS has filed a series of trademark filings with the USPTO on February 28, 2022, and the registrations were published on March 4. The CVS-Health trademark filing #97287237 discusses a number of virtual items and non-fungible token (NFT) concepts. Section 1(a) in the filing states:
Downloadable virtual goods, namely, a variety of consumer goods, prescription drugs, health, wellness, beauty, personal care products, and general merchandise for use online and in online virtual worlds.
Similarly, section 1(b) is described in the same fashion but also with 'digital assets and digital collectibles sold as non-fungible tokens (NFTs).' The CVS Health virtual goods and digital collectibles trademarks follow a slew of well known brands that have also filed similar metaverse-related trademarks with the USPTO.
The fast-food giant McDonald's filed metaverse-related trademarks with the USPTO in mid-February, and Walmart filed metaverse and NFT-related trademarks in mid-January. New Balance, Puma, and Crocs have filed metaverse trademarks as well in recent times. The CVS trademark filings indicate that the concepts are meant to bolster...
|Fast-Food Chain Shake Shack Trials Bitcoin Rewards for Customers Using C...
The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App's debit card payment rail, Cash Card. According to Shake Shack, participants will get 15% of their purchase back in the form of bitcoin, and the crypto promotion will last until mid-March.Shake Shack Experiments With Bitcoin Trial to Lure Millennial and Gen Z Customers
The fast-food restaurant chain Shake Shack is experimenting with cryptocurrency rewards as the company has partnered with Block Inc. in order to give away bitcoin (BTC). The announcement stems from a Wall Street Journal (WSJ) report authored by Ann-Marie Alcántara and Shake Shack explained the move is meant to lure younger customers.
Executives at the burger chain told Alcántara that while it's looking to attract millennial and Gen Z-age customers, Shake Shack is also 'interested in more cryptocurrency options.' The offer will give Shake Shack consumers the ability to receive 15% of their purchase back, but paid in bitcoin. Essentially, customers need to leverage Block's Cash Card and Cash Boost system in order to get the BTC reward.
Jay Livingston, Shake Shack's chief marketing officer, told the WSJ reporter that the fast-food restaurant chain has not seen demand for crypto payments. However, Livingston said the experiment with the Block's Cash App is a good way to determine whether the restaurant should accept digital assets.
'You're always trying to place your bets on those things that tru...
|US Food Chain Giant Shake Shack Offers Bitcoin Cashback
The US food chain giant Shake Shack is reportedly offering its customers BTC as a reward for spending money at their burger chain using Cash App.
Shake Shack is an American fast-casual restaurant that's based in New York City. It has locations in multiple countries and over 6,000 employees.
According to a recent report on The Wall Street Journal, the chain has teamed up with Block Inc's Cash App to offer Bitcoin as a reward for purchases that are made at their burger chain.
Supposedly, users will be able to receive 15% of their purchase back in the form of BTC on any Shake Shack purchase that they make with a Cash Card.
Cash Card is a debit card that's available to Cash App users.
Users will be able to find the promotion in the Cash App, and it will supposedly be active until mid-March.
Per the report, the effort is in a bid to see if the food chain can reach younger customers and see if they are interested in other cryptocurrency options.
Speaking on the matter was Jay Livingston - Chief Marketing Officer of the burger chain, who said:
You're always trying to place your bets on those things that truly will be meaningful and not waste resources on the ones that won't.
|Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Eth...
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion.Ethereum Beacon Chain Validators Jump Past the 300,000 Mark
For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS) consensus algorithm.
The Ethereum community has been running a parallel system that leverages PoW and PoS via the Beacon chain and eventually PoW will be phased out. Ethereum's (ETH) value increased 107% year to date and ether is up 14.1% during the last two weeks. The cost to become a validator today is 32 ether or $94,400 using current ETH exchange rates.
The number of Ethereum 2.0 validators has just surpassed a milestone jumping over 300K to 300,702 validators as of February 28. Since the first of the year, the number of validators has increased 9.11% from 275,594 validators. Currently, the Ethereum 2.0 smart contract holds 9.68 million in ether deposits worth over $28.4 billion today. Deposits are added regularly every single day into the deposit contract in exact amounts of 32 ether per deposit.
The Beacon chain was launched in December 2020 during Ethereum's Serenity upgrade and there are two different types of validators called proposers and attestors. While proposers bolster the minting of new...
|Binance Smart Chain and BNB Beacon Chain Unite Under a New Brand
The new brand, meaning Build and Build (BNB), will consist of BNB Beacon Chain (previously known as Binance Chain) and BNB Smart Chain (previously BSC), explained the exchange.
Upon launching Binance Smart Chain during the DeFi boom in 2020, the world's leading crypto exchange faced criticism over developing a decentralized ecosystem that was actually too centralized.
To address this issue, the company has now decided to make several changes. Aside from the aforementioned rebranding, the exchange wants to place its token at the heart of the initiatives.
The company described BNB as 'more than just Binance' at it has 'its own living, breathing ecosystem, together with BSC.' The firm's vision is that 'one day everyone will own BNB, and that's why it's necessary to set it free.'
BNB Chain will aim to provide several features for users, including being open, multi-chain, permissionless, and 'forever decentralized.' It will also 'embrace large-scale applications, including GameFi, SocialFi, and the Metaverse.'
Quickly after its launch, BSC gained a lot of traction as network transactions were faster and cheaper than most competitors. However, that also attracted a large number of fraudulent projects.
Recent estimations from the blockchain security company Peckshield determined that there're more than 50 potentially dubious projects on BSC.
|NEO to Work With China's Blockchain Service Network on a Permissio...
China continues its foray into the field of cryptocurrencies, albeit in a way like no other. The country launched its very own Blockchain Service Network (BSN) and is now teaming up with NEO to create a permissionless chain.
According to a press release shared with CryptoPotato, the China-native NEO ecosystem will be creating a permissioned chain called Jiuquan.
As per the report, this will be one of the ten blockchains that will form the Chinese blockchain-based ecosystem.
It's worth noting that China has previously announced that it will have its own take on the NFT industry, although non-fungible tokens will be based on the Distributed Digital Certificate (DDC) standard).
Speaking on the matter was Yifan He, CEO of Red Date Technology, as well as the Executive Director of the BSN Development Association, who said that:
NFT/DDC technology is a digital certification and distributed database technology that can be applied in any scenario where digital proof is required. We anticipate billions of DDC's issued annually in China in the future. The biggest market for DDCs lies in certificate account management of all types.
Per the release, NEO plans to integrate their domain name service as part of the new chain to function as DDCs and replace their hash strings with memorable sentences.
Da Hongfei, the founder of NEO, commented:
Neo is thriving to bolster our ecosystem under any circumstances in any regions. We are aiming for creating a solid foundation for the Next-Gen Int...