Tagged: proof of stake

Babylon $18M Raise Led by Polychain Capital, Hack VC

This week Babylon, a project that aims to build a Bitcoin-secured decentralized world, announced the close of its $18 million funding round. The round was co-led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital and IOSG. The funds will… Read More

Germany’s 21X Is Launching ESMA Regulated Trading Service for Tokenized Securities

21X in coordination with Polygon Labs is pleased to announce 21X is building an ESMA regulated market infrastructure for tokenized securities “on the Polygon proof-of-stake (PoS) blockchain.” 21X and Polygon Labs are collaborating in order “to advance asset tokenization and trading within the Polygon ecosystem.” Polygon… Read More

Diego Lizarazo of Agoric: Blockchain Professional Comments on How a JavaScript Library Supports Web3 Devs Entering DLT, Smart Contracts Ecosystem

We recently connected with Diego Lizarazo, Director of Developer Relations at Agoric. Recently, Amazon launched Cloud Tools (AMB Access and Query services), which make it easier for developers to create decentralized applications. While this is a step in the right direction, more needs to be… Read More

DLT Adoption: Built on Cardano, Mithril Prioritizes Security While Improving Chain Synchronization

Built on Cardano, Mithril prioritizes security while “aiming to enhance the efficiency of chain synchronization and state bootstrapping.” As noted in a blog post by IOG, security is of the utmost importance in “any cryptographic protocol for safeguarding the integrity, confidentiality, and authenticity of transactions… Read More

Ethereum Adoption: Hex Trust Introduces ETH Native Staking After Shapella Upgrade

The Hex Trust Group, an institutional-grade digital asset custodian licensed across global financial hubs, has announced Ether (ETH) staking services have now been relaunched following the Shapella upgrades on the Ethereum blockchain. Hex Trust has an Ethereum Validator Node and “plays a vital role in… Read More

Blockchain Network Algorand Enhances Performance via Protocol Upgrade

Algorand, the “pure” proof-of-stake Layer-1 blockchain network, continues to deliver the advanced technology required to power real world applications with its latest protocol upgrade that unleashes faster block times, as well as other improvements. This recent protocol upgrade, “now live on Mainnet, reduces block time… Read More

DLT Adoption: COFRA Holding Joins Hedera Governing Council

The Hedera Governing Council, which stewards the Hedera open source, leaderless proof-of-stake public network, announced that COFRA Holding has joined the Governing Council. COFRA is “a 182-year-old family enterprise with more than 60,000 employees and business activities in sectors including real estate investment, sustainable food,… Read More

Ethereum (ETH) Shanghai Upgrade Unlocks Over $34B in Staked Crypto Tokens

The highly-anticipated Ethereum (ETH) Network Shanghai update marks a key milestone for the world’s largest smart contract platform (in terms of market cap and overall adoption). At present, Ethereum (ETH) withdrawals are live. Hi Shapella 👋 Withdrawals have appeared! pic.twitter.com/POqeZwkZJ4 — Etherscan (@etherscan) April 12,… Read More

Mike Taormina: Alluvial COO Explains Why Liquid Staking Is The Next Major DeFi Innovation

Crowdfund Insider recently connected with Mike Taormina, Alluvial’s Co-Founder Chief Operating Officer. As COO of Alluvial, he works with industry professionals to build Liquid Collective, an enterprise-grade liquid staking standard. Alluvial is the software development company supporting the implementation of the Liquid Collective protocol. Alluvial… Read More

Bitcoin, Ethereum, Larger Crypto Market on Track to Grow Despite FTX Collapse, Global Recession Fears

  Bitcoin (BTC), the flagship cryptocurrency, has fallen from a high of nearly $70,000, which it reached in late 2022, to just over $20,000 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto-asset by market cap and the largest smart contract platform, has… Read More

Curve.Finance Launches on Celo, an EVM-Compatible L1 Blockchain

Curve.Finance, which claims to be one of the largest DEXs and automated market makers (AMM), deploys on Celo, which is described as “the leading carbon-negative, EVM-compatible layer-1 blockchain, using fast, scalable proof-of-stake consensus.” The launch is “a collaboration among the Celo Foundation, Curve, Stake DAO,… Read More

Li Jun: Founder of Ontology Says Ethereum Merge Performance Enhancements May Take A Few Years to Become Apparent

We recently connected with Li Jun, Founder of Ontology, the project that claims it is bringing trust, privacy, and security to Web3 through decentralized identity and data solutions. Li Jun has commented on the key developments in the crypto and blockchain space following the Ethereum… Read More

Ethereum After The Merge: More ETH Expected to be Destroyed than Created, Report Claims

We’re quickly approaching (or have already followed through with) The Merge, the most notable upgrade in Ethereum’s history and “a crucial turning point for the wider crypto industry,” according to an update from digital asset firm Kraken. As the Ethereum blockchain transitions from proof-of-work (PoW)… Read More

Digital Asset Firm Gemini Shares What Users Should Know About Ethereum Merge

Digital asset firm Gemini notes that the most consequential Ethereum network upgrade yet, called “The Merge,” is planned for mid-September this year. The upgrade will “codify Ethereum’s long-awaited move to Proof-of-Stake (PoS) from its existing Proof-of-Work (PoW) consensus mechanism.” Following years of planning, and numerous… Read More

Ethereum (ETH) Merge Could Lead to Development of Scalable Applications: Report

Ethereum’s Merge is due to happen soon, and it might “impact both Ether and the larger crypto market in a big way,” the Okcoin team noted. Ethereum’s proof-of-work chain will merge with its proof-of-stake chain soon, the update from Okcoin noted while adding that the… Read More

Ethereum Merge to Proof of Stake Could be Key Moment in History of Crypto, Industry Professional Says

Michael Nadeau, the Director of Ecosystem Strategy at Invenium and Founder of The DeFi Report, recently noted that the Ethereum merge to proof of stake is “setting up to be one of the most important moments in the history of crypto.” The investing community is “bullish… Read More

Rome Blockchain Labs Joins Alluvial to Offer Avalanche (AVAX) Liquid Staking

Rome Blockchain Labs, the organization behind BENQI’s Liquid Staking protocol on Avalanche, recently announced a collaboration with Alluvial and the founders of BENQI “to build a compliant, enterprise-grade Avalanche (AVAX) liquid staking product.” This collaboration “offers institutions a secure AVAX staking option while participating in… Read More

Ethereum (ETH) MainNet Shadow Fork Now Live as Transition to Proof of Stake Continues

  Ethereum’s (ETH) very first mainnet shadow fork has gone live (as of April 11, 2022). This, as the developers of the second-largest digital currency by market capitalization continue the gradual transition to a proof-of-stake or PoS (blockchain) consensus model. The shadow fork is a… Read More

Blockdaemon Adds Support for Ethereum (ETH) Open-Source Client Software

Blockdaemon is pleased to confirm that they have added support for Ethereum’s (ETH) open-source client software “in preparation for the ’the merge’.” As part of their ongoing commitment, they’re offering $900,000 worth of IBM Cloud credits to fund Ethereum client stability testing. This will directly… Read More

William Anderson: VP of Engineering at Voice Explains How Multichain Platforms Ensure Accessibility, Connectivity Across the NFT Ecosystem

We recently connected with William Anderson, VP of Engineering at Voice, who explained why multichain platforms ensure accessibility and connectivity across the NFT ecosystem. Voice, the NFT platform for creators (which had started off as somewhat of a blockchain or DLT-powered social media platform but… Read More

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