Blockchain

Near, a Layer 1 protocol, has begun a critical phase of its “sharding” upgrade, which aims to increase the blockchain’s processing speed, and has reduced the price for stakeholders who want to influence how the network operates.

Near, which launched in 2019 with unrealized plans to boost transaction speeds by splitting its network into parallel processors (sharding), has begun Phase …

This week, an army of computer programmers from around the world will attempt one of the largest software upgrades the crypto sector has ever seen in order to reduce its environmentally unfriendly energy consumption. Developers have been working for years on a more energy-efficient version of the Ethereum blockchain, a digital ledger that powers a multibillion-dollar ecosystem of cryptocurrencies, digital …

Aleo, the first Layer-1 (L1) platform for decentralized private applications, has announced the release of Aleo Testnet 3. For the first time, developers can create and run fully private applications on the Aleo Virtual Machine (AVM) and host them on the Aleo blockchain, a permissionless network of zero-knowledge validators.

The Aleo team is allocating twenty-five (25) million credits today to …

Blockchain technology, which was developed in the 1990s, found modest adoption in its early years. However, interest in blockchain has recently increased, owing to the growing use of cryptocurrencies and the fast digitization caused by the epidemic. According to Fortune Business Insights, the worldwide blockchain market will increase from $7.18 billion in 2022 to $163.83 billion by 2029, while important …

To put it simply, NFTs are tokens that exist on the blockchain (in most cases, the Ethereum blockchain). As a result, they can be used to establish ownership of an asset. Each NFT is assigned a unique identification code and metadata that differentiates it from other NFTs and data on the blockchain. NFTs are not replicable. Real-world, tangible assets can …

The goal of Facebook’s rebranding as Meta was to carve out a niche in the crypto realm. While in the virtual world, Metaverse, together with DeFi (Decentralized Finance) and NFT (non-fungible tokens), have a real-world application case. The accessibility contributes to the virtual environment’s link to real-world issues and exchanges. With Metaverse, trading in digital art and FinTech goods became …

A turning point for blockchain and cryptocurrencies occurred in 2021. From joke coins to bull runs and NFTs, the industry has continually generated news. The metaverse is a new trend that has evolved in the second part of the year. The metaverse’s goal of fusing our real-world social life, jobs, and immersive technology has captured the public’s imagination. Despite being …