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Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality
12.9.2024
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...
Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
11.9.2024
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said
Sonic blockchain reaches record 720ms finality in testnet phase
8.9.2024
Sonic could become the fastest blockchain by finality if it maintains this performance on the mainnet
Babylon Launches Trustless Bitcoin Staking Protocol on Mainnet
20.8.2024
Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network’s decentralized nature....
Vitalik Buterin proposes faster Ethereum trades with single-slot finality
1.7.2024
Ethereum co-founder Vitalik Buterin proposed moving away from Ethereum’s epoch-and-slot mechanism to a single-slot finality system, pointing out key potential challenges
NodeOps Raises $5 Million in Seed Round to Transform Node Infrastructure
28.5.2024
NodeOps has secured $5 million in seed funding led by L1D with participation from Blockchain Founders Fund and Finality Capital to enhance and simplify blockchain node deployment and management.
The post NodeOps Raises $5 Million in Seed Round to Transform Node Infrastructure appeared first...
NEAR Protocol’s Fast Finality Layer gets testnet launch
9.5.2024
The NEAR Protocol, a blockchain platform designed to enable decentralized applications and scalable solutions, has achieved a significant milestone with the launch of its Fast Finality Layer on testnet. This development marks a crucial step forward in NEAR’s mission to provide a robust...
Vitalik Buterin Unveils ‘Rainbow Staking’ and a ‘Recovery Hard Fork’ at Ethtaipei
21.3.2024
During the Ethtaipei 2024 event in Taiwan, Ethereum founder Vitalik Buterin introduced “rainbow staking,” a new conceptual framework designed to allow protocol service providers to engage in a differentiated menu of protocol services. Rainbow staking aims to enhance the economic value...
Lava Network Raises $15 Million in Seed Funding, Introducing Magma
16.2.2024
Lava Network has successfully secured $15 million in a seed funding round, introducing the next phase of the mainnet. According to a recent blog post by Lava Network, the seed funding round was co-led by Tribe Capital, Jump Capital, and Hashkey Capital. Alliance DAO, Node Capital, North Island...
What Is Block Finality in Crypto?
11.1.2024
Block finality is an integral feature of blockchains, enhancing transactional security in distributed cryptocurrency networks
What is finality in blockchain, and why does it matter?
7.10.2023
Finality ensures irreversible transactions — crucial for trust and security — prevents double-spending and fraud, and keeps blockchain records immutable
‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate
20.9.2023
Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash’s total 7.84 GSol/s hashrate. Electric Coin Co., which oversees...
Ethereum staking services agree to 22% limit of all validators
1.9.2023
The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization
BNB Chain hard fork to improve security & compatibility with EVM chains
10.8.2023
Binance’s BNB Chain is set for two upgrades that are aimed at improving finality of the network and compatibility with other EVM blockchains
Ethereum Briefly Stopped Finalizing Transactions. What Happened?
17.5.2023
The loss in finality meant that blocks could have been tampered with, and while it isn’t supposed to affect end-user experiences, it did lead to some inconveniences for some applications
Ethereum's Beacon Chain is updated after finality issues
13.5.2023
Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization
Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts Network
13.5.2023
On Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks. However, Superphiz, an Ethereum developer, emphasized that...
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause
12.5.2023
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences...
Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations
15.1.2023
The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.”...
Medici LA 22: Report Investigates a Secret, Invitation-Only Crypto Event Held in Beverly Hills
5.5.2022
According to a recent report, a secretly held, invitation-only crypto gala took place in Beverly Hills called the “Medici LA 22” event. The exclusive cryptocurrency gathering took place under the radar, but the two-day meeting was reported on after “130 or so” attendees...