Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer One Blockchains? Layer one or L1 refers to a base blockchain protocol like…
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Ordinal inscriptions have quickly consumed Bitcoin’s available block space since their debut last year, a study by blockchain analytics firm Glassnode found. These text and image files act as “packing filler,” filling any remaining space in blocks after higher-value transactions are added, the study showed. Bitcoin’s Block Space: Monetary Transfers Overpower Inscriptions Though there’s been…
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The International Cricket Council will leverage Near’s Blockchain Operating System to power a Web3 fan engagement app during the 2023 Cricket World Cup in India. The International Cricket Council (ICC) has partnered with Near Foundation to build a blockchain-powered Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach…
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Worldcoin, the biometric wallet and ID project, has reported that it has signed up more than 1% of the population of Chile. According to the organization, more than 200,000 Chileans are already using Worldcoin, a popularity uptick shared with other South American countries, including Argentina, where 9,500 Argentines verified their IDs in a day. Worldcoin…
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Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked…
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Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $341.37 million since August 24. NFT Sales Still Can’t Escape Crypto Winter’s Wrath This September, over the…
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According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one’s failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many reasons why the community felt compelled to take over. Building Everything From Scratch However, in written…
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Google Cloud has announced an addition of 11 blockchains to its ‘BigQuery’ program for datasets in a bid to provide easy access to blockchain data. In an official statement on Sept 21, the company disclosed the 11 new networks: Avalanche, Near, Fantom, Optimism, Polygon, Polygon Mumbai Testnet, Tron, Cronos, Arbitrum, and Ethereum Görli testnet. The…
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The South Korean city of Busan says it will launch a long-awaited blockchain-powered digital assets trading platform before the year is over. Per Meil Kyungjae, Busan city officials told reporters this week that they want to create a “fourth-generation blockchain-powered exchange” that “can tokenize valuable assets such as raw materials and precious metals.”… Read More:…
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The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps) and projects built on the Celo network. Rapid P2P…
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