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The Rise of Layer 2s Spells End for Altcoins
3.1.2021
Bitcoin is no longer limited to a single chain, meaning altcoins like ether are trending towards irrelevancy, says the neuroscientist and DeFi entrepreneur
Statechains Scaling Solution Offers New Potential for Bitcoin Privacy
30.12.2020
Statechains offer another way to scale bitcoin payments. New exploration has uncovered that statechains could boost Bitcoin privacy as well
Following six-hour outage, Solana draws criticism and support
6.12.2020
While some piled on the layer-one blockchain for its network hiccup, others offered support
Roll-ups to preserve Ethereum’s DeFi monopoly despite competitors: Messari
3.12.2020
Popular crypto data provider Messari has predicted that roll-ups will beat out Layer 1 alternatives as the dominant scaling solution amid Eth2’s multi-year incubation
Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...
DeFi mainstreaming impossible until DEXs integrate layer 2, experts say
13.9.2020
DeFi is booming again but experts caution that mainstreaming won’t occur without decentralized exchanges integrating layer 2 options
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
Here Are Four Ethereum Scaling Pitches Submitted to Reddit’s Competition
3.8.2020
Entries to the Reddit Scaling Bake-Off are coming in from several layer-two builders
The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network
7.7.2020
The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework....
Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash
7.7.2020
On July 4, 2020, the Bitcoin Cash proponent Cain published an interview with the blockchain developer, Shammah Chancellor, about a new project called Stamp Chat. At its basic level, “Stamp is a prototype of a layer-2 private messaging and payment system on Bitcoin Cash. It implements stealth...
Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO
17.6.2020
Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term
‘Very Near Launch’: Polkadot Founder Gavin Wood Details Network Rollout
6.5.2020
Polkadot founder Gavin Wood outlined the “five or six” steps the network will be taking as it moves to a full launch, some four years after first being conceived, during his Ready Layer One presentation
As Tether Supply Hits Record Highs, It Moves Away From Original Home
5.5.2020
Tether growth is hitting new all-time highs across multiple blockchains, but the first protocol to support Tether is being left behind
Ethereum’s Value Transfer Is Now Dominated by Stablecoins
31.1.2020
The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is...
Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply
2.1.2020
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply...
Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019
1.1.2020
During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called...
BCH Is An A-Class Crypto for Auditability
20.12.2019
Crypto research group Coin Metrics recently released issue 30 of its “State of the Network” series, which ranks crypto assets by auditability. Taking into account node operation, synchronization, normal operation, code audit and extraction of ledger data, the top 10 cryptocurrencies...
Smart Contract Blockchains Are Struggling to Scale
17.10.2019
Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with...
Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins
28.9.2019
A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts...
How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model
21.9.2019
Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the BTC chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to BTC in order to bolster the satellite’s underlying...