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Solana is a highly scalable decentralized blockchain developed with a unique method of ordering transactions that significantly improves its transaction throughput, to the point that it has consistently been processing over 2,500 transactions per second. It claims to be able to process 50,000 transactions per second.The power of Solana’s cheap transactions
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As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with
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At the dawn of the blockchain age, Layer 1 laid the foundation for what has become one of the revolutionary industries in this Millenium. Layer 1 is the underlying main blockchain architecture. Ethereum and Bitcoin chains are considered Layer 1 and although these chains kickstarted the blockchain industry into gear,
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Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders. On Friday, decentralized derivatives exchange Injective Protocol began a push into synthetic assets with the launch of a
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[sociallocker id="55298"] Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cryptox that Ethereum second-layer scalability solutions still need some work.Ethereum co-founder Vitalik Buterin claimed on June 1 that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. Kolodny — on the other hand — told Cryptox that he
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The Ethereum team has been trying to solve the blockchain scalability problem since 2014. During that time, solutions such as Raiden, Plasma, zk-SNARKs, sharding and rollups appeared in the developers’ tool kit. However, the implementation of some of them was constantly delayed, while others proved to be of limited efficacy.This
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An Israeli startup Starkware believes it can solve two of the most pressing issues in crypto trading — the inherent vulnerability of centralized exchanges and the low transactional capacity of decentralized ones. The venture was co-founded by professor Eli Ben Sasson, who was a founding scientist for Zcash (ZEC). Besides
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Earlier this month, several of Ethereum’s core developers, including Vitalik Buterin himself, participated in an AMA on Reddit. Apparently, after five years of discussion, delays, and disappointment, the hotly anticipated ETH 2.0 upgrade could finally land as soon as July.But don’t get too excited just yet. Developer Justin Drake was
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Researchers from cryptocurrency exchange BitMEX have suggested that the privacy and scalability benefits of Bitcoin’s (BTC) implementation of the Lightning Network are less than expected.A report published by BitMEX on Jan. 11 illustrates the researchers’ efforts to determine the growth of the Lightning Network by trying to extrapolate information
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Bitcoin (BTC) node synchronization would be impossible if it were not for the improvements that have been made to the software, according to the research arm of crypto exchange BitMex.BitMex Research measured the Initial Block Download (IBD) times of Bitcoin Core software releases from 2012 to 2019 needed to
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