John Woods, the CTO of Algorand Foundation, has responded to criticism from Justin Bons of Cyber Capital that Algorand is “centralized and permissioned.” Woods accepted some “critical views” but argued that the chain is still decentralized or permissionless. Whilst I obviously disagree that Algorand is centralised and permissioned – there are a number of fair…
The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the crypto industry. Jason Ma from Axelar stated that “we finally have real programmable money.” USDC will be able to be transferred cross-chain without the need for either wrapped tokens or assets being…
Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand. And by the power of blockchain transitivity, Algorand is now on Cardano https://t.co/wpKDNB6LFW pic.twitter.com/1N6SlyRRdz — Charles Hoskinson (@IOHK_Charles) October 19, 2022 What is Milkomedia? Mikomedia is a…
Arbitrum’s parent company Offchain Labs has announced its acquisition of Prysmatic Labs, a core Ethereum development team. Prysmatic Labs is the engineering team behind Prysm, Ethereum’s leading consensus layer client. Prysm is an Ethereum proof-of-stake client that pioneered the Ethereum merge. Offchain Labs said the move to onboard Prysmatic Labs finds root in their shared…
Michael Saylor-led MicroStrategy is looking to expand its Bitcoin Lightning Dev team by hiring a new software engineer. MicroStrategy’s R&D team has been working to develop a suite of Lightning solutions, including Lightning wallet, enterprise servers, and enterprise authentication. According to the job posting, the software engineer will work with the team to build out…
Lightning Labs has released the initial code for the Taro protocol that will allow developers to mint, send, and receive assets on the Bitcoin blockchain. The developers described the development as the first step toward “bitcoinizing the dollar.” The new code release would allow the community to test the code and give valuable feedback that…
Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a max…
Blockchains are usually referred to as either a Layer-1 or Layer-2 solution. Layer-1s are the base layer of an ecosystem such as Ethereum, Cardano, or Solana. Layer-2 solutions are anchored to Layer-1 blockchains and provide scalability. Layer-3s can also exist; however, you cannot stack another layer on top of Layer 2 to add even more…
BNB’s Beacon Chain is set to undergo a major upgrade on Sept. 2 at a block height of 264,000,000. #Binance will support the #BNB Beacon Chain (BEP2) and Beam $BEAM network upgrades & hard forks.https://t.co/vUjuFHPYGh — Binance (@binance) September 1, 2022 The upgrade is named the Gödel upgrade after Kurt Gödel and is designed to…
Blockchain analytics firm Messari released a report alleging that the growth of Ethereum Layer2 network Optimism (OP) is inorganic, There is evidence that @OptimismFND‘s growth is inorganic. Optimism’s transacting addresses grew sharply from ecosystem incentives but fell off in recent weeks. @Arbitrum has managed consistent active user metrics without offering any incentives for network usage….