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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts
17.4.2024
In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s...
ICB Network Layer-1 Blockchain Premiere: Pioneering Innovations, Strategic Partnerships, and Advancements
13.4.2024
ICB Network, launched on April 1, 2024, is an innovative Layer-1 Blockchain project. It has established novel benchmarks for efficiency, security, and scalability across the blockchain ecosystem. Implementing the Proof of Stake (PoS) consensus mechanism is at the core of the platform’s...
Is Near Protocol About to Crash? NEAR Price Drops 4% as Focus Turns to Novel Learn to Earn Protocol
11.4.2024
As the market prepares for Bitcoin’s halving, NEAR Protocol’s NEAR token has fallen 7% over the last week to change hands at around $7. The dip comes despite market-wide price appreciation for most leading cryptocurrencies. NEAR Protocol is a Proof of Stake (PoS) blockchain that...
PoS Coins: Who will emerge on top?
10.4.2024
The crypto landscape has shifted positively in the past few months. The shift has emphasized the performance of PoS (proof-of-stake) protocols given their popularity. Names like Solana, Cardano, and Ethereum have ruled the PoS coin category. The coins compete for market dominance, but which is...
Polygon PoS Sidechain Implements Napoli Hard Fork, Adding Support for Upgrades Included in Dencun
21.3.2024
The Polygon Proof-of-Stake (PoS) sidechain has successfully executed the Napoli hard fork, making it the first network to support RIP-7212.
The post Polygon PoS Sidechain Implements Napoli Hard Fork, Adding Support for Upgrades Included in Dencun appeared first on Cryptonews
Fansland incorporates the Polygon PoS blockchain
19.3.2024
Fansland announced it’s incorporating the Polygon PoS blockchain to bring about a game-changing fan involvement via blockchain technology. All connected users will be provided the option of being exposed to quick and cost-friendly financial and entertainment verticals. Incidentally, Polygon...
Migration of Native USDC on Polygon PoS is Now in Its First Phase
19.3.2024
As a consequence of the community’s feedback, native USDC went live on Polygon PoS in October 2023. It was hypothesized that adopting a conventional approach would result in increased user exposure and efficient capital utilization. USDC.e, an abbreviation for “Bridged USDC from...
Hedera Secures $250 Million Partnership with Saudi Ministry of Investment for Web3 and Deep Tech Development
6.2.2024
Hedera, a leading Proof of Stake (POS) blockchain platform, has embarked on a transformative five-year partnership with the Saudi Ministry of Investment (MISA) to catalyze the development of Web3 technologies in the region. The collaboration, valued at $250 million, was unveiled during...
Frankfurt onboards thousands to Web3 using Polygon PoS
5.2.2024
Eintracht Frankfurt, a football club, has seamlessly onboarded over a thousand fans to Web3. It leverages the potential of the youba’s one-tap solution and the capabilities of Polygon PoS. The objective was, and is, to deepen the bond between fans and the football club, primarily by enticing...
KMON integrates Polygon PoS: Launching a Groundbreaking AI-Driven NFT
30.1.2024
In an exciting development for the Web3 gaming ecosystem, Pink Moon Studios, previously known as Kryptomon, has announced a significant strategic move: the migration of its popular KMON games from the BNB chain to Polygon PoS. Celebrating this migration, Pink Moon Studios and Polygon ecosystem...
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge – Alon Muroch
14.1.2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise...
Polygon PoS now powers Verify by Fox Corporation
10.1.2024
Polygon Labs has announced that it has joined hands with Fox Corporation to support Verify. The protocol helps creators provide authenticity to their content in a world where the rise of Artificial Intelligence is making it convenient for malicious actors to break the barriers of legitimacy....
Fox Launches Blockchain-based Open Source Platform with Polygon Labs
10.1.2024
Source: Pixabay The Fox Corporation has partnered with Polygon Labs to unveil the new blockchain-based Verify, an open source platform designed to verify the authenticity of content and track its use across the web. Built on Polygon PoS, the core blockchain infrastructure can transparently prove...
Gas Hero Official debuts officially on Polygon PoS
3.1.2024
Polygon recently announced the official launch of Gas Hero Official on Polygon PoS. The announcement was made on the X/Twitter account of Polygon onchain. Developed by Find Satoshi Lab, the social strategy game dwells on a unique concept: “What will happen if AI were to lead an attack on human...
Vitalik Buterin proposes to simplify Ethereum’s PoS design
28.12.2023
Vitalik Buterin, a co-founder of Ethereum, has put a total of three proposals on the table, stating that the end goal is to simplify the design of proof-of-stake. It is a direct attempt to solve an issue that Buterin identifies as having potential systemic complexity. Per his post on X, formerly...
Cassava Network integrates Polygon PoS
21.12.2023
Polygon has announced that Cassava Network has integrated Polygon PoS. While both sides have been partners before, the most recent one pertains to accelerated adoption, specifically in Africa. Moreover, the partnership between Polygon and Cassava Network entails undertaking programs like literacy...
EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support
19.12.2023
The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock. The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOW’s...
Green Bitcoin (GBTC) Price Prediction – 2023 – 2030
8.12.2023
Green Bitcoin ($GBTC) is a multi-use cryptocurrency that allows investors to earn rewards while making predictions on the future price of Bitcoin. The platform follows a more sustainable model – deployed on Ethereum’s proof-of-stake (PoS) consensus. This Green Bitcoin price prediction guide...
Polygon PoS Now Supported By Amazon Managed Blockchain Access
4.12.2023
Source: AdobeStock / gguy Amazon Managed Blockchain (AMB) Access now supports the Polygon proof-of-stake (PoS) mainnet and the Mumbai testnet in public preview. AMB is a fully managed service that provides access to public and private blockchains. Polygon is a scaling solution leveraging...
Asset Managers Should Only Engage Staking Platforms With Strong Security — Andrew McFarlane
3.12.2023
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is...