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Bridge standards are sets of rules that define how different blockchain networks can communicate with each other, in this case, through a cross-chain bridge. While some of these protocols, by themselves, are at risk of exploitation, when put together they add much-needed additional layers of security. Source
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As the NFT landscape continues to evolve, the integration of Ethereum and Bitcoin ecosystems through the BRC-721E standard paves the way for further innovation and expansion that can even attract more mainstream innovators into the Web 3.0 world. The recent introduction of Bitcoin (BTC) Ordinals and the unveiling of the BRC-721E
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Bitcoin Ordinals are the latest layer-2 solution enabling decentralized storage of digital art on the Bitcoin blockchain. Ordinals will now allow users to migrate their Ethereum ERC-721-based nonfungible tokens (NFTs) to the Bitcoin blockchain with the launch of the BRC-721E standard.The BRC-721E standard was jointly launched by the Ordinals market
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Zilliqa, a high-performance, proof-of-stake blockchain using a unique sharding mechanism, is now compatible with Ethereum. Zilliqa is EVM compatible In an update on May 19, Zilliqa said they have integrated the Ethereum Virtual Machine (EVM) on the mainnet, making the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 18, 2023, the web3 technology firm OKX, the second-largest cryptocurrency platform in terms of trading volume, issued a statement, a development for the cryptocurrency community. OKX Wallet, a self-custodial and decentralized wallet solution driven by
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Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders. Source
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Volume on the Stargate cross-chain bridge has surged by 30% in the past 24-hours as investors attempt to meet the criteria for a rumored LayerZero airdrop. Source
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Fintech firm Ripple has launched its liquidity solution for businesses to bridge the gap between crypto and fiat. Ripple liquidity hub was launched on April 13 after a successful pilot last year.The service operates as a stand-alone solution in addition to Ripple’s popular cross-border payments service called on-demand liquidity (ODL). This
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press release PRESS RELEASE. The Build N Build (BNB) Chain is a decentralized blockchain network that allows developers and innovators to build decentralized applications (DApps) as part of the transition to Web3. The BNB Chain is capable of high-speed transaction processing and lower cost transactions than the Ethereum network. It also supports
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Users with funds stuck on the multi-chain token bridge provided by Allbridge are first in line to receive compensation under a recovery plan posted by the project following a recent exploit. In an April 5 statement, Allbridge said it has already started a compensation process for users despite only “partly recovering
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