On Friday (January 14), Tim Harrison, Marketing and Communications Director at Input Output Global (IOG), the blockchain technology firm developing the Cardano protocol, talked about his firm’s focus on performance optimization and scaling for the popular L1 blockchain. In an IOG blog post published on January 14, Harrison started by by saying that as Cardano […]

Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published […]

On December 27 2021, Metis Andromeda, a Layer 2 network based on a fork of Optimism, clocked a seven-day 142% TVL increase, surpassing $180 million.

Alkesh Shah, a digital asset strategist at Bank of America has revealed he believes Solana ($SOL) has the potential to “become the Visa” of the cryptocurrency space as it focuses on scalability, low transaction fees, and ease of use. As reported by Business Insider, Shah has pointed out that Solana has settled over 50 billion […]

The software platform Cardano has entered the third stage of its roadmap, the Basho era. It promises to improve the network’s performance and scalability. Cardano’s roadmap is “a summary of Cardano development” divided into five eras to deliver improvements in diverse functionalities of the network that are “delivered across multiple code releases”. Now that the platform’s core smart contract capability Plutus has been deployed, the launch of the Basho era focuses on scaling Cardano, promising “Parameter adjustments, improvements, enhancements and other innovations” supposed to increase the network’s capacity. They also call it “an era of optimization”, promising to enhance the performance and interoperability “to better support growth and adoption for applications with high transaction volume.” It is supposed to bring high performance, resiliency, and flexibility to the network. Related Reading | Cardano Foundation Completes Funding To Plant 1 Million Trees Scalability And Interoperability Scalability and interoperability are some of the main solutions that Cardano wants to offer as the “ethereum killer”. While the Ethereum network is working to handle up to 100,000 transactions per second (tps), Cardano plans to reach millions of tps through the second-layer solution Hydra. On the interoperability’s side, the Basho stage will introduce the sidechains, “new blockchains, interoperable with the main Cardano chain”, which eventually intends to allow the blockchains, with different architectures and codes, to be able to communicate: interoperate. The Cardano Roadmap explains that “Sidechains can be used as a sharding mechanism by off-loading work from the main chain onto a sidechain to increase the capacity of the network. They can also be used to introduce experimental features without affecting the security of the main blockchain.” Similarly, this stage will also introduce parallel accounting styles: “the ability to support and switch between UTXO and account-based models will be added using sidechains.” This is also meant to enhance interoperability and “support new kinds of use cases on the network.” “Building on these foundations, and steadily increasing capacity and throughput to deal with the growth in the DApp ecosystem and onboard first hundreds of thousands, then millions of new users. From DeFi degens to citizens of developing nations.” Cardano has been widely criticized for its slow start. Many people thought the platform was lagging behind, noting it took a long time to deploy its first smart contract. However, the CEO of the Cardano Foundation Frederik Gregaard argues that they take a careful approach to launch functions, with rigorous testing and peer review. This time around, the Basho stage’s launch report noted that they expect “periods of high demand, network congestion at times”, but they see it as part of the ‘journey’ and added that they will be maintaining a “considered, safe approach”. “We’re on an exciting journey and usage will be high. While we may at times feel impatient, this is the way. Here’s how we will optimize and scale as we grow.” What The Basho Era Promises To Solve The optimization and scalability improvements have been divided in the report between “on-chain solutions” and “off-chain solutions”. Here is what they intend to solve: For on-chain solutions: Block size increase: the network recently increased the block size by 12.5% to 72KB and “further increases will be applied over time”. Pipelining: intends to propagate blocks “to at least 95% of peers within five seconds” to provide “the headroom to make more aggressive scaling changes”. Input Endorsers: “This improves the consistency of block propagation times and allows higher transaction rates.” Memory /CPU parameters for Plutus: improves the efficiency of memory usage across the chain. Plutus script enhancements: a “more effective usage of the powerful EUTXO model through smart contract optimization,” Node enhancements: intends to “help even distribution of stake and reward computations across the epochs”. The new node version “reduces peak load at critical points,” On-disk storage: “RAM-constrained systems will be able to run nodes (…) and memory will no longer be a bottleneck on scalability.” For off-chain solutions: Sidechains: “Assets can be moved between chains as needed.” Hydra: “provides a more efficient means to process transactions off-chain,” Off-chain computing: “Transactions occur outside of the blockchain itself, yet can offer fast, cheap transactions via a trust model.” Mithril: results in “Multi-signature aggregation that is fast and efficient without compromising security features.” Related Reading | Cardano’s Ecosystem Explodes, Why ADA Could Be Quick To Resume Bullish Trend ADA’s Price ADA trades at $1,28 at the time of writing, up 3.74% in the last 24 hours, but 59.1% down from its last peak in September 2021. ADA trading at $1,28 in the daily chart | Source: ADAUSD on TradingView.com

Almost everyone is currently familiar with the use of crypto coins. Bitcoin is one of the most popular cryptocurrency. In this article, we will...

Process simplified-Create NFT for your digital assets In early 2018, CryptoKitties, an innovation-driven product, became one of the first NFT projects to grab the attention of the crypto community. This original game was developed using a non-fungible token. Any NFT is a non-interchangeable unit of data. The new game became very popular in a short […]

The post What is NFT and How is Such Technology Used? appeared first on PrimaFelicitas.

In one of the latest developments, crypto exchange Binance seems to have started direct withdrawals to Layer Two Ethereum Networks. Popular crypto analysts Lark Davis was the first to spot this development by sharing a screenshot on his Twitter profile. Oh boy…… Binance just enabled direct withdrawals to layer two #ethereum!!!! HUGE NEWS!!!! pic.twitter.com/4B2t2nV9OB —

The post Crypto Exchange Binance Enables Direct Withdrawals to Ethereum Layer 2 appeared first on CoinGape.

Prominent Ethereum development firm Consensys has launched a new scaling solution with support from the engineering team from payments giant Mastercard. The new project, called “Consensys Rollups”, aims to provide enterprise-grade scalability to financial organizations and address the “key challenge of scalable applications on the Quorum tech-stack.” According to Consensys, the firm engaged Mastercard to […]

The post Consensys Collaborates with Mastercard On New Privacy-Focused Rollups appeared first on Coin Bureau.

The 21st century has got its fair share of advantages and issues as well. Intermixing globalization and localization have in some sense made the functioning of a process more complex and subtle too. Financial transactions in a way back in the day (18th, 19th century) used to comparatively simple and straight-forward. But the drawback of […]

The post How BTC Pools Are Built & Grown Over Time appeared first on PrimaFelicitas.

(shib drop) Shiba Inu has delivered once-in-a-lifetime gains in under a year When the year began, SHIB tokens had a whopping 10 zeroes after the decimal point ($0.000000000073). But as of Dec. 9, those same coins could be purchased on crypto exchanges for about $0.000035. In the process of losing six zeroes, Shiba Inu returned more […]

The post Is it real that Shiba Inu can drop up to 90%? appeared first on Update on Bitcoin.

-  Sekuritance (https://www.sekuritance.com/), the first multi-dimensional RegTech ecosystem delivering compliance-as-a-service, today announced that its native token, $SKRT is now live on Polygon. In the last six months, Sekuritance had already launched their token via TrustSwap and Gate.io to accommodate easier token acquisition.

While originally launching on the Ethereum chain, congestion and high gas fees has led the Sekuritance team to find alternative solutions to allow users to acquire the $SKRT token on decentralized exchanges alternative to Uniswap. Polygon is a natural fit, providing a layer-2 ecosystem network to streamline opportunities for future development and community growth. 

“Going multi-chain was inevitable. Although keeping the $SKRT token on Ethereum was always the plan, we needed to look at other options given the huge congestion on the network,” said Jonathan Camilleri Bowman, CEO of Sekuritance. “The Polygon network was always an L2 that was on our minds and the go-to network to provide access and increased functionality for the community and platform alike.”

Currently in closed Beta, the Sekuritance platform plans to welcome new users later this month. Users of the compliance-as-a-service ecosystem will have the power to utilize all of Sekuritance's services with their $SKRT ERC-20 token or the tokens now minted on the MATIC network. 

Transactions on the Polygon Network will cost less than pennies to acquire the $SKRT token. With the forthcoming staking capabilities, users will be able to stake their tokens in a single transaction, cutting the fees even more. The extra efficiency will allow for Sekuritance community members to acquire tokens and become part of the Sekuritance Adopter Tier Club, providing even more rewards and benefits including but not limited to:

• Verification for blockchain addresses stored within user profile and downloadable certificate through the Sekuritance UI.

• Option to download Sekuritance Blockchain Address Verification Certificate.

• Eligibility to earn a bonus allocation of $SKRT token from the periodical discretionary pool, and bonuses of tokens that are solely launched via Sekuritance's compliance services, based on adopter tiers. 

• VIP access to premium support plans.

• Unlimited access to Sekuritance's Data Vault.

• And more!

A full list of benefits for $SKRT Adopter Levels can be found here, with additional benefits here. In order to retain a user's membership level, they must hold their tokens; however, with the platform's development these restrictions may change in the future.

Sekuritance Solutions Limited reserves the right to hold, void, suspend, cancel and amend the adopter levels and any and all additional rights or benefits attached thereto where it becomes necessary or desirable to do so.

For more information regarding Sekuritance, please visit https://www.sekuritance.com/.

For more information regard the $SKRT/USDC pair on Polygon, please visit https://info.quickswap.exchange/pair/0xcfc4cbf94b26f94e86863e1b1f0ccae6f119dd5a.

To learn more about charting, visit https://info.quickswap.exchange/token/0xe51e88dd08499762b8e4eb3a9f3da9b8e79608c3

About Sekuritance

The Sekuritance RegTech provides a single platform for every eGRC need, including end-to-end AML, KYB, KYC, Onchain Analysis, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech and Business Process Management requirements.