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After Ethereum co-founder Gavin Wood left the Ethereum Foundation in 2016, he wrote a white paper for a new kind of blockchain — one that would use an innovative form of sharding and cross-chain communication to achieve the kind of scalability and interoperability that Ethereum 1.0 would never be able
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Ethereum has seen a decentralized finance craze over recent weeks.Due to innovation, high returns on investments, and other attractive characteristics, DeFi has gone parabolic. Data from DeFiPulse shows that the value of cryptocurrency locked in blockchain finance applications has reached $1.6 billion. This isSimultaneously, DeFi-related tokens like Compound’s COMP and
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Reddit is anticipating big demand for its Ethereum-based “Community Points” system only one month after rolling out the product. Now the social media site is looking for a scaling solution. Posted in the r/Ethereum subreddit Thursday, Reddit announced a partnership with the Ethereum Foundation to find a Layer 2 (L2) scaling technique
Read More[sociallocker id="55298"] As the world awaits Ethereum (ETH) 2.0 staking implementation, someone operating under the pseudonym "heyheeyheeey" posted a Medium article with a solution based on the protocol. The concept is a "design for an ETH2 staking solution on top of Argent, that is fast and simple to use so that
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Ethereum 2.0 is expected to launch within months, but new scaling solutions and gas-free transactions are already here. The network is also growing more popular, with the number of active wallets more than doubling since January to around half a million.Synthetix scales up optimisticallyThe developers behind the second-largest DeFi protocol,
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TSB Games, the firm behind VR game The Sandbox, announced a partnership with second-layer scaling solution Matic.According to a March 19 announcement, Matic will allow the decentralized application (DApp) to carry out faster transactions and create a better user experience. The partnership is also meant to better facilitate decentralized
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In particular, its structure seems to become increasingly similar to a core-periphery one, with well-connected nodes clustering together (as revealed by the study of the eigenvector centrality). More precisely, our analysis reveals the presence of many star-like sub-structures with the role of centers played by the hubs, seemingly acting as
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IDEX is launching a new DEX built on a layer 2 scalibility protocol made possible through Ethereum's Istanbul hard fork. Source
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Funds move between users inside the smart contract, which is orchestrated by validators and guardians. When a contract is open, validators package transactions into blocks. Elected by guardians, validators have a near-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide
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Akomba’s results indicate BDN could have a modest but potentially cascading effect on block propagation in the Ethereum mainnet, one of the largest public blockchains and one of the more expensive to transact on, with gas prices around 20 cents. It is also a frequent target in the scalability debate. Source
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