Blockchain

The European Union recently announced its intention to invest in blockchain technology. By employing of a multi-billion Euro plan, the EU looks to dive into blockchain investments. This venture should enhance blockchain technology use in Europe. The project adds a regional bloc push towards industrialized manufacturing semiconductors. The need arose after a technological shortage forced carmakers to slow down production. European Union Pandemic Recovery Fund On Wednesday, the EU Commission President Ursula Von Der Leyen commented on the move. She termed it…

On September 7th, Charles Hoskinson re-confirmed IOHK's tweet on submitting a proposal for the smart contract launch. Hoskinson confirmed that Cardano's smart contracts program will go live on September 12th.  The proposal should trigger the Cardano network Alonzo Hard Fork event on Sunday.  Smart Contract Support Coming Soon On Tuesday, IOHK and Charles Hoskinson announced that they already submitted a proposal to trigger the smart contract launch. IOHK has been famous for the developments of the Cardano network for several years. Cardano has had…

The Coinbase exchange looks forward to using the Polygon blockchain in its operations. The Ethereum layer two protocol is going to act as the exchange’s scaling solution. According to Coinbase, applying the Polygon blockchain also benefits Ethereum’s network. The merger can solve various issues on Ethereum, such as high fees. Polygon Partners with Coinbase Ethereum’s network continues to face scalability issues as it moves to a PoS ecosystem. Thus, such problems led to the development of a scaling solution known…

The TRON founder, Justin Sun, recently unveiled an open letter to the TRON community. The letter details the future of the TRON protocol. Also, the founder revealed more information on the upcoming BitTorrent Chain launch.  TRON Has Had Massive Growth TRON's Super Representative Committee launched the protocol in June 2018. It has since developed into a network that handles transfer volumes of over US$10 billion every day. The TRON Blockchain's total assets are at over $50 billion. TRON decentralized financial programs have…

A survey from Save the Student website shows that college students are now turning to cryptocurrencies to fund their expenses. The number of such scholars has tripled over the past 12 months. However, one student warns scholars against getting into crypto and advises them to research more before investing. Financial Crisis For Student Funding Out of those surveyed, 75% said that they had considered dropping out of school. The reasons given were either mental health issues or the pandemic, but…

In his latest vlog, IOHK's CEO Charles Hoskinson announces the upcoming Alonzo hard fork is still on schedule. Meanwhile, the ADA token is rallying at $2.83, almost 12% in gains over the past week. The team behind the hard fork is already preparing for the public Alonzo testnet. IOHK is confident that the final product will go live on September 1.  Alonzo Upgrade and Smart Contracts Cardano has been around since 2015. It uses proof of stake to validate transactions.…

Ethereum’s top software client, Geth, suffered an EVM bug attack affecting over half of its older nodes. This attack further led to a split on the chain, forming a fork. According to the report released on Go Ethereum GitHub on Tuesday, Geth v1.10.8 would be the hotfix to deal with the bug attack. As per statistics from Ethernodes, Geth runs approximately 75% of Ethereum nodes. The number makes up for at least 54% of Ethereum nodes affected by the EVM…

Digital token identifiers, or DTIs, will go live in September as the latest sign of the growing crypto market. The move will mark a massive milestone towards mainstream adoption of crypto. The most enthusiastic supporters of cryptos hope that technology will someday replace the U.S. dollar. Also, they believe it may become the primary way people pay for products and services. Yet, there are still very few options to use cryptocurrency to buy products in the real world. Registering with…

The Decentralized Finance (DeFi) space is so vibrant that it's hard to grasp the longevity of its applications. According to statistics from coinmarketcap, the market cap of DeFi is over $112bn. For that, financial watchdogs are having a hard time keeping up with such an explosive industry. Just recently, a hacker managed to scoop up to $600 of crypto from the Poly network. Such a security breach has ignited talks on whether regulators should be more involved in overseeing the…