The Ropsten test network (testnet) completes its merger with the Beacon Chain proof-of-stake consensus chain. The proof-of-work execution layer was merged with the proof-of-stake consensus and the main Ethereum will undergo further processes to complete the transition. The transition from PoW to PoS might get complete by end of 2022. To understand well, the Beacon… Continue reading Ropsten testnet Completes its Merger with Ethereum Beacon Chain
Tag: Blockchain
Do Kwon’s Terra Blockchain Rebirth proposal approved by 65.5%
Do Kwon’s Terra Blockchain rebirth proposal 1623 has been approved by the validators with 65.5%. Do Kwon and Terra team is working vigorously to launch the Terra 2.0 on Friday on mainnet. Post the launch of new Terra blockchain, the LUNA 2.0 tokens shall be made available for trading. According to Terraform Labs, the new… Continue reading Do Kwon’s Terra Blockchain Rebirth proposal approved by 65.5%
Top blockchain development platforms and node service providers in 2021
2021 has been a great year for blockchain and cryptocurrencies. Nearly 10 years after the original bitcoin paper was published by Satoshi Nakamoto, the world has come to point of accepting cryptocurrencies into the financial ecosystem and promoting blockchain development by providing ecosystem support, grants, funds, etc. Blockchain and cryptocurrencies are no more a buzzword… Continue reading Top blockchain development platforms and node service providers in 2021
China issues guidelines for blockchain development
On 7th June 2021, China has officially released a guideline for blockchain development within the country with the aim to have the world’s most advanced blockchain technology by 2025. The guidelines for blockchain technology development and innovation were issued by China’s Ministry of Industry and Information Technology and the Office of the Central Cyberspace Affairs Commission… Continue reading China issues guidelines for blockchain development
Huawei is bullish on blockchain technology
Chinese telecommunication giant, Huawei is going bullish on blockchain technology research and development and building blockchain-based services for government and enterprise following China’s five-year plan that mentions blockchain as the next-wave technology. Huawei adopted blockchain development activity in early 2018 and the company published its first white paper Huawei Blockchain Whitepaper to introduce an enterprise… Continue reading Huawei is bullish on blockchain technology
Blockchain development platform Reach raises $12M
Founded in October 2019 by Chris Swenor, Reach is a platform for practical blockchain development. It makes the development of decentralized app (DApp) exponentially faster and cheaper and helps developers launch their DApps on any blockchain network. Reach primarily consists of a programming language, compiler, and suite of testing and deployment tools. With the growing… Continue reading Blockchain development platform Reach raises $12M
India reconsidering its stand on crypto ban
The leading Financial media Economics Times reported today morning that India’s government is reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. Indian Government cites that the earlier recommendations made by a committee headed by former finance secretary Subhash Garg in 2019 for a blanket ban on crypto-assets had become outdated.… Continue reading India reconsidering its stand on crypto ban
The state of a dilemma for cryptocurrencies in India
India, the second-largest country in the world by population continues to dabble with the idea of implementing a full-scale ban on cryptocurrency operations. The latest to provide some clarity on the matter is the National Payments Corporations of India (NPCI). They said that they don’t intend to block cryptocurrency trading. Instead, it plans to leave… Continue reading The state of a dilemma for cryptocurrencies in India
Amazon Web Service (AWS) offers mining in the cloud for new chia cryptocurrency
Cryptocurrency mining is a growing field but it has always been in bad light for its high energy usage. A report by CNN says that Bitcoin (BTC) alone consumes 110 terawatt hours of electricity per year. For reference, that is about equal to the energy consumption of the country of Sweden for a year. New… Continue reading Amazon Web Service (AWS) offers mining in the cloud for new chia cryptocurrency
Top 5 cryptocurrency portfolio tracker in 2021
Blockchain and cryptocurrencies are rising and making headlines every day. 2021 can be considered the year when this technology really took off with adoption across various domains and countries. Blockchain is not only limited to creating and transacting cryptocurrencies but now with help of new technologies like Ethereum Virtual Machine that allows developers to build… Continue reading Top 5 cryptocurrency portfolio tracker in 2021