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Nansen Ventures into Bitcoin Layer 2 with Analytics Services for Bitlayer
Nansen, a leading blockchain data provider, has announced its expansion into the Bitcoin layer 2 ecosystem through a partnership with Bitlayer, marking a significant milestone in its growth trajectory. The company's real-time blockchain network monitoring capabilities will be leveraged to offer analytics services to Bitlayer, empowering users with data-driven insights to inform their decisions. T…
Nov. 11, 2024, 11:14 a.m.
Tech
Ethereum Name Service to Introduce Independent Layer-2 Blockchain
The company behind the Ethereum Name Service, ENS Labs, is advancing with plans to establish its own layer-2 network, dubbed Namechain. Scheduled to go live by the end of next year, Namechain will leverage zero-knowledge rollups, a technology that accelerates blockchain transactions and reduces costs by minimizing on-chain data. This approach enables Namechain to process transactions off the main…
Nov. 11, 2024, 3:30 a.m.
Tech
Ethereum Foundation Sees 39% Decline in Treasury to $970 Million Over 2.5 Years
The Ethereum Foundation, responsible for overseeing the development of the second-largest blockchain, has released its highly anticipated financial report, revealing a treasury of $970.2 million as of October 31. This figure represents a 39% decrease from the $1.6 billion reported on March 31, 2022. The foundation's treasury is predominantly composed of cryptocurrency, with $788.7 million (81.3%)…
Nov. 8, 2024, 4:54 p.m.
Tech
Magic Labs Introduces Newton, a Groundbreaking Chain Unification Network for Polygon's AggLayer
In a significant development, Magic Labs, a leading wallet infrastructure provider, has unveiled Newton, a dedicated network designed to unify chains in conjunction with Polygon's AggLayer. This integration is poised to revolutionize the way wallet solutions interact with the AggLayer, a Polygon-backed initiative aimed at connecting affiliated chains and allowing for the unencumbered movement of …
Nov. 7, 2024, 7:31 p.m.
Tech
Breakthrough Achieved by Bitcoin Developers in Collaboration with StarkWare and Blockstream on Introducing New Features
A collaborative effort among top Bitcoin developers from multiple teams has yielded a potential breakthrough in the Bitcoin blockchain, outlining a method to incorporate 'covenants,' a type of programming that could unlock essential features such as advanced wallet and vault functionalities, as well as more efficient layer-2 protocols, all without altering the main underlying code, thereby avoidi…
Nov. 7, 2024, 7:19 p.m.
Tech
Eclipse Launches Hybrid Blockchain, Merging Solana and Ethereum Technology
On Thursday, Eclipse introduced its highly anticipated mainnet blockchain, featuring a groundbreaking layer-2 network that combines elements of Ethereum and Solana blockchains. This innovative platform allows for faster transaction speeds and lower fees on Ethereum, leveraging the Solana Virtual Machine (SVM) to achieve this. The SVM enables Eclipse to function as a separate network, bundling use…
Nov. 7, 2024, 2 p.m.
Tech
Dune Introduces Cybercrime Tracking Dashboard for Blockchain Ecosystem
Dune, a leading crypto analytics platform, has unveiled a comprehensive dashboard that maps the scope of cryptocurrency-related cybercrime, documenting over 5,500 incidents of hacking, exploitation, and phishing scams across the blockchain ecosystem. The 'Hacks, Exploits and Social Engineering Dashboard' represents a significant effort to quantify crime in the crypto space. By tracing an estimate…
Nov. 7, 2024, 2 p.m.
Tech
Blockchain Industry Awaits Boost as Trump Wins Second Term, Promising Crypto Pledges
While many are focused on the US election, The Protocol newsletter has compiled an array of interesting content, including an ongoing election within the DeFi project MakerDAO. Community members are voting on the fate of the Sky brand, which received a lukewarm reception after the project's rebranding in August. The poll, which is not binding, has seen limited participation so far. In other news,…
Nov. 6, 2024, 9:17 p.m.
Tech
Blockchain and Crypto Updates: MultiversX Testnet Node on Smartphone and More
MultiversX reports a tech enthusiast setting up a testnet node on a smartphone, while other projects like Gevulot, BNB Chain, and Ozean make significant announcements in the blockchain space.
Nov. 6, 2024, 8:22 p.m.
Tech
Is Optimism's Superchain Strategy Paying Off in the Ethereum Layer-2 Race?
The 'blockchain in a box' trend, prevalent among top Ethereum layer-2 projects in 2023, involves teams encouraging developers to clone their code for spinning up new layer-2s. Optimism stands out as it pulls ahead, driven by factors including substantial financial backing. The project has successfully onboarded numerous clients and firms to deploy their blockchains using Optimism's technology, kn…
Nov. 6, 2024, 11 a.m.