Key Takeaways Ethereum has burned 2 million ETH via EIP-1559. The blockchain’s next protocol update is “the merge” from Proof-of-Work to Proof-of-Stake. With the effects of EIP-1559 and reduced emissions from switching…
Category: Blockchain
Aave V3 Heads to Ethereum Layer 2, Fantom, Avalanche
Key Takeaways Aave V3 launched today. The update focuses on letting users move assets between networks while improving capital efficiency and security. It will initially launch on Polygon, Fantom, Avalanche, Arbitrum, Optimism,…
Sushi Launches Long-Awaited Trident DEX on Polygon
Key Takeaways Sushi has launched the first phase of its Trident automated market maker on Polygon. Users can now create liquidity pools through Trident and migrate liquidity from SushiSwap V1 positions. More…
Polygon Whitehat Rewarded $75,000 for Saving Billions in User Funds
Key Takeaways Polygon has patched a “high severity” bug that would have allowed an attacker to drain all the funds from the deposit manager contract. Niv Yehezkel, who discovered and reported the…
Axelar Network Looks to Boost Interoperability With $35M Raise
Key Takeaways Axelar Network has raised $35 million from its Series B funding round. Axelar is a decentralized protocol aiming to bridge blockchain ecosystems. The Axelar team recently rolled out its phased…
Polygon Is Getting a New NFT Content Platform
Key Takeaways Polygon is getting a new NFT-based content product via Cere Network. DaVinci will enable creators to mint NFTs that unlock exclusive content for fans. The NFTs will be hosted on…
Layer 1 Project Aleo Raises $200M
Key Takeaways Aleo has closed a $200 million funding round led by SoftBank Vision Fund 2 and Kora Management. The team aims to build a scalable and privacy-centered blockchain using zero-knowledge proofs….
Cardano Grows Block Size by 11% to Meet Scaling Challenges
Key Takeaways Cardano is increasing its block size from 72KB to 80KB. Plutus script memory units will also get a bump. The updates are set to ship this Friday. Cardano is aiming…
Solana Labs CEO Reveals Plan for Upgrades
Key Takeaways Solana Labs CEO Anatoly Yakovenko addressed concerns over Solana’s network performance in a Twitter thread today. Yakovenko said upgrades to address the issues would be “rolled out in the next…
Pioneering Cryptographer Develops Quantum-Resistant Messaging App
Key Takeaways Legendary cryptographer David Chaum has developed a private messenger app purported to be resistant to hacks by quantum computers. The app uses quantum-resistant cryptography to protect message content. Chaum is…