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Ethereum’s large user and developer base “will continue to act as a feeder to rollups,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that they “expect a new growth cycle to emerge in crypto as rollups drive mainstream application building on Ethereum.” Original Source
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Right now, most people think the blockchain industry is simply about cryptocurrencies without realizing the massive value the underlying technology has to offer. Blockchain technology adoption is growing significantly, as businesses and enterprises begin to acknowledge its disruptive and transformational potential. This growth shows no sign of stopping, with the
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The sustainability movement has emerged as a 21st century megatrend, and it shows no signs of abating. Record heat in Europe, wildfires in the U.S. West, floods in Pakistan, drought in China, and accelerating ice cap melt in Greenland and Antarctica have driven home to many the looming threat of
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The blockchain will “emerge as a digital asset category leader, given its economic transition, scalability roadmap, and [the] vibrant digital economy being built on it,” Bernstein said. It also expects strong institutional adoption of ether (ETH), due to its leading market share, market capitalization, and liquidity. Original Source
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A decentralized insurance protocol such as Nexus Mutual needs to generate a return on its reserves to allow it to become a feasible alternative to traditional insurance companies, the bank said. Insurance companies normally invest their reserves in corporate and government debt, but instruments with similar risk and reward characteristics
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Rampant energy costs at the facility, which uses electricity bought on the spot market, have eaten into profitability this year. The margin, which stood as high as 74% in January, had sunk to 37% by July. The company is trying to secure a long-term, fixed-price power purchasing agreement to lower
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Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem. Ethereum is a vast ecosystem with thousands of decentralized applications and
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China’s Blockchain-based Service Network (BSN), a major state-backed digital infrastructure company, on Tuesday launched BSN Spartan Network, which it said was a new international network for public blockchains with no cryptocurrency involved.BSN, regarded by some as leading the digital equivalent of Beijing’s multibillion-dollar Belt and Road infrastructure plan, was founded
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Fireblocks connects to some 35 blockchain networks and works with an array of Web3 companies including Animoca, MoonPay, Xternity Games, Griffin Gaming, Wirex and Utopian Game Labs. The latest Solana integration uses WalletConnect V2, a protocol for bridging decentralized apps, upgraded to securely enable vault connections to non-EVM chain dapps,
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According to a Monday press release, Lemniscap led the seed funding round with support from Coinbase Ventures, Blockchain Capital, Distributed Global, Lattice, Arweave, Bering Waters, Maven11 and SevenX Ventures. RedStone, which currently delivers data feeds to more than 30 blockchains, including Ethereum, Avalanche and Polygon, will use the funds to
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