How Polkadot battles the “free rider” problem with ‘common goods’ Parachains

A unique problem exists on the Polkadot network: the presence of “free riders” who can benefit when others pay for parachain slots. But there’s a solution for that. Parachains and what they do Polkadot, for the uninitiated, is a high-speed, secure blockchain capable of supporting smart contracts via the many “parachains” that are deployed on…

Polkadot’s upcoming parachains to be tested on the Kusama Network

Ahead of its long-awaited parachains launch, Polkadot published a comprehensive roadmap where it revealed that all upcoming parachains will be tested and optimized both on regular parachain testnets such as Rococo and on the Kusama Network. Polkadot publishes comprehensive parachain launch roadmap Parachains, the building blocks of the ambitious Polkadot network, are set to see…

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch. Crypto.com’s DeFi move Crypto exchange and payments tool provider Crypto.com will burn over 70 billion CRO in the coming weeks as it approaches its mainnet launch, it said in a blog post…

PancakeSwap flips Ethereum’s Uniswap to become the world’s biggest DEX by volume

The Binance Smart Chain project is giving top DEXes a run for their money with lower fees and an easy-to-use interface. The day a pancake flipped a unicorn PancakeSwap (CAKE) is now the world’s largest decentralized exchange by daily trading volume, data from markets app CoinGecko showed. The project launched on Binance Smart Chain last…

Cosmos (ATOM) surges 30% in past week on ‘Stargate’ launch

Cosmos, the high-speed interoperability platform, launched its much-awaited upgrade today. Here’s what it means. Stargate is here The much-awaited inter-blockchain communication (IBC) protocol launched on Cosmos today, as per an official tweet. Prices of ATOM, the project’s native token, bumped to over $24 in anticipation. Congratulations Cosmos community on the successful and ambitious Stargate upgrade….

Developers can now host Cosmos (ATOM) chains on Polkadot (DOT)

A new update would allow developers building on Cosmos to migrate to a Polkadot parachain and introduce new features, as per a release shared with CryptoSlate. Cosmos <> Polkadot As per the release, Cosmos developers who were previously accustomed and limited to only building with the Cosmos SDK—a framework for building application-specific blockchains—could now maintain…

Theta Network to release limited edition NFT to celebrate Mars Rover landing

Theta Network, the leading decentralized video delivery platform will celebrate the landing of the Perseverance rover on Mars on February 18 with the minting of special collectible and rare NASA-themed non-fungible tokens (NFTs) on its live streaming site Theta.tv, as per a release shared with CryptoSlate. The coverage, starting at 2:15 pm EST will mark…

Almost 72% of all ADA is now staked on Cardano

Almost 72% of all ADA is now staked on Cardano | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest With 71.9 percent of the total circulating supply of ADA now staked, Cardano is still the most decentralized blockchain network on the market. The significant increase…

MicroStrategy is reportedly creating an enterprise software product focused on Bitcoin

Enterprise business analytics maker MicroStrategy is reportedly building a software product focused on corporate Bitcoin strategies, two recent job postings suggested. The firm had previously picked up over $1.5 billion worth of Bitcoin in 2020—and now spends significant efforts in evangelizing the rising asset class. MicroStrategy is building its first #Bitcoin software product, focused on…

Bitcoin blockchain’s hash rate hits new all-time high

The mean hash rate of the Bitcoin (BTC) blockchain—or the total computational power dedicated to mining—reached a new all-time high of over 176 exahashes per second (EH/s) on Friday, according to crypto metrics platform Glassnode. Yeah, that’s a lot. The Bitcoin network’s mean hash rate exceeded 176 EH/s. Image: Glassnode The increase in hash rate…