👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A recently published study compared Bitcoin’s and traditional finance’s energy requirements to find that Bitcoin currently uses 56 times less energy. Even with the current PoW system, one Bitcoin transaction is five times more energy-efficient than a classical transaction. Results of…
Polygon on way to reaching mass adoption with major partnerships
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Ethereum sidechain scaling solution, Polygon (MATIC), is making waves in onboarding major brands into web3. When everyone is talking about web5 and a potential future internet built upon Bitcoin, Polygon is showcasing the potential of web3. Writer for TodayinPolygon, Narb,…
ApeCoin holders vote to stay on Ethereum blockchain amid community contention
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Members of ApeCoin DAO (decentralized autonomous organization), have voted to stay on Ethereum, instead of moving to another layer 1 or layer 2 blockchain. The vote passed by a small margin as 53.62% voted to stay on Ethereum, with 46.38% against…
Solana launches $100M fund to attract crypto projects from South Korea
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks after Terra’s network collapse left many crypto projects in the country in a state of limbo. The general manager for games at…
Optimism Foundation sends $20M to the wrong wallet – OP drops 36%
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Optimism Foundation has issued a statement confirming that 20M OP tokens meant for a liquidity provisioning partner have been sent to the wrong address. The price of the OP token dropped from $1.12 on June 8 to just $0.70 after…
Uncertainty looms over future of Ethereum layer 2s after Proof-of-Stake goes live
Ethereum 2 (Consensus Layer) is set to take a significant step forward as the Merge testnet goes live around June 8. 📣 Ropsten Merge Announcement 📣 Ethereum’s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the…
The Bitcoin Lightning Network capacity has set an all-time high of 3,915 BTC
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to statistics from Bitcoin Visuals, the Bitcoin Lightning Network capacity has hit an all-time high of 3915.776 BTC ($113 million), proving the popularity of the Layer 2 scaling solution for Bitcoin. The capacity of the Bitcoin Lightning Network has reached…
Will Ethereum Layer-2 chains survive after The Merge?
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum is finally moving to proof-of-stake this year, and with that, the aim is to: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions. Chains such as Polygon process over…
Has the trilemma been solved by new Polygon backed layer 1 blockchain?
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Partisia is a Layer 1 network claiming to solve the Blockchain Trilemma with ZK privacy, sharding for scalability, and an MPC collateralized bridge. Unlike other blockchains, the network offers native layer-1 and layer-2 solutions; there is no need for an external…
a16z’s ‘State of Crypto’ report shows crypto is in a really good state
Few companies in the VC space have exposure to crypto as a16z has. Founded in 2009 by Marc Andreessen and Ben Horowitz, Andressen Horowitz began investing in crypto companies in 2013 with investments in Coinbase and Ripple and now has just under 50 Web3 companies in its portfolio. To read the rest of this article,…