Forbes has announced that the latest iteration of its revered “Under 30” series will be etched onto the Ethereum blockchain for the first time, reports Cryptonews. The narratives of the exceptional individuals featured in the list will be permanently recorded on the blockchain, marking a significant foray into the intersection of traditional media and web3. […]
What is sharding for blockchains?
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The Block’s editor in chief, Tim Copeland has written a good explainer on the technique of sharding in blockchains, explain that it is used to enhance the scalability of blockchain networks in multiple ways. The premise of sharding, explains Copeland, is to split up information across multiple shards, potentially increasing storage capacity. This can be […]
In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralised approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security and decentralisation, reports Cointelegraph. The Ethereum blockchain introduced smart contracts to automate certain events on the network, […]
Date and Time: Wed, 29 Nov 18:30-20:30 Location: Dogpatch Labs, Custom House Quay Dublin 1 During this after-work event, we will explore how blockchain can revolutionize the way we address climate change and create sustainable financial solutions. Our guest speakers will share their passion and approaches to harnessing blockchain technology for sustainability and climate-finance. Connect […]
Join BlockW, in partnership with KPMG, on 29 November to discuss Immersive Technologies and how Ireland can be a front runner in this field. Date and time: Wednesday, November 29 · 8 – 9:30am GMT Location: 2 Harbourmaster Pl, KPMG Platform X 2 Harbourmaster Place D01 X5P3 IFSC, Dublin Attendees can register for in person […]
The blockchain technology market size is set to grow by $11,047.61 million between 2022 and 2027, with a CAGR of 32.72%, according to Technavio’s latest market research estimate, reports Yahoo Finance. The rising venture capital investments in blockchain technology are driving the blockchain technology market growth. One of the key elements for the development and […]
Spain has unveiled plans to reduce the transition period before the application of the Markets in Crypto Assets (MiCA) regulation, reports Coindesk. A recent publication from the government shows a meeting with the first vice president Nadia Calvino and Verena Ross, the President of the European Securities and Market Authority (ESMA) to bring the country’s […]
What is tokenization?
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Tokenization is the process of issuing a digital representation of an asset on a blockchain, writes analyst McKinsey in a deep dive on this facility that is growing in importance and incidence. We’re progressing toward the next era of the internet in fits and starts. Web3 is said to offer the potential of a new, […]
The Open Network Foundation (TON Foundation) has announced a strategic alliance with Mantle Network, a leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This agreement positions Mantle Network as a principal ally to TON Foundation towards more interoperable EVM-compatible Layer 2 blockchain capabilities on TON, reports Blockleader.io. A wrapped version of $MNT, $jMNT, is […]
Getting phygital with fashion
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The world of high fashion can often be seen as remote, arch, and somewhat inaccessible to the ordinary consumer. However, there is little doubt that the top level of the fashion industry is driven by creativity, diverse thinkers, and unique individuals. These individuals leading the industry have also been known for adopting new technologies and […]
Cheap and speedy “roll-up” networks like Arbitrum, Optimism and Coinbase’s Base are quickly becoming attractive alternatives to conducting transactions on the oft-congested Ethereum network. Transactions are completed on these “layer 2” networks and then recorded for posterity on Ethereum, writes Coindesk. But much has been made recently of these layer 2 networks’ reliance on a […]
Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns, reports Cointelegraph. In an official 17 October announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the […]