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Infinity Nodes: Proof-of-Burn Time-Variant Reward System for Data Storage


The text below is an advertorial article that was not written by Cryptonews.com journalists. In June 2019, SINOVATE released the first-of-its-kind technological feature which exploits the power of the Proof-of-Burn (PoB) mechanism called Infinity Nodes. In 2020, the AURORA release pushed...

Myriad Proof-of-Work Blockchains See Significant Hashrate Losses


While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable...

Sushi to Launch Full Product Suite on Harmony


Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation....

Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin


As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...

Arrington Capital to back Algorand projects with $100M growth fund


“The Arrington Algorand Growth Fund represents yet another key strategic pillar in supporting the momentum of those building on top of what we think is the best technical platform for regulated DeFi and the future of finance,” said Sean Ford, COO of Algorand

Concordium Debuts its Business-Oriented Blockchain Mainnet


After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business...

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy


Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy...

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players


In crypto, consensus often results in controversy. Sure, consensus mechanisms themselves obviously result in agreement concerning transactions, yet when it comes to picking the ideal mechanism for a particular chain or cryptoasset, the crypto community as a whole is very often in disagreement. One...

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