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Epochs refer to the time periods on the Cardano blockchain. Each epoch lasts 432,000 slots, and each slot lasts 1 second – meaning a single epoch lasts roughly five days. ADA tokens are staked during these epochs during which new blocks on the Cardano network are produced. Source
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Decentralized finance (DeFi) platform EigenLayer had its first-ever restaking smart contracts reach their maximum limits on Wednesday, the same day the much-hyped protocol was deployed on the Ethereum mainnet. The contracts, which allow people to “restake” ether (ETH) and use it to secure other platforms, drew in 9,600 tokens worth
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The protocol has set participation parameters for liquid restaking and native restaking, with liquid restaking accepting a maximum of 3,200 of each liquid staking token and a maximum 32 token deposit per address. Native restaking, meanwhile, will be paused once 9,600 ETH has been added. Source
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Nonfungible-token (NFT) protocol Enjin has announced its transition into a new mainnet called "Enjin Blockchain" with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity has also been forked into the new blockchain. In an announcement sent to Cryptox, the Enjin team highlighted that the Enjin
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Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday. Original Source
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Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch
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On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.Over the past five years, Tron developers claim
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Coinbase has unveiled the “Path to Mainnet” for its Ethereum Layer 2 network, Coinbase Base, outlining criteria to be fulfilled before the launch. They have revealed a five-point criteria. In the latest, crypto exchange Coinbase revealed the “Path to Mainnet” outlining the roadmap for the mainnet launch of Coinbase Base.
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The change improves transaction speed and aims to beef up security on the platform, Kava says. Source
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