20.1 C
New York

Tag: dApp

Bitcoin Options Expire

The bitcoin and ethereum options on Deribit, one of the largest crypto derivatives exchange, expired earlier today. This month saw the largest open interest in...

Top News

OKLink Insights: OKLink releases the Global Crypto Market 2022/Q1 Report

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

BEIJING, Apr 13, 2022 - (ACN Newswire) - The OKLink team released the Global Crypto Market 2022/Q1 report on April 10, which contains a thorough review on the market performance of various public blockchain as well as in-depth discussion of popular fields and topics in the first quarter.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
OKLink: Preparing for a prosperous multi-chain era as Ethereum 2.0 is drawing near. [OKLink Global Crypto 2002/Q1 Report]

According to OKLink data, MicroStrategy is by far the largest holder of bitcoin amongst overseas listed companies. It has been hoarding bitcoin since August 2020 and held a total of $5.8 billion worth of 129,218 BTC by the end of the first quarter of 2022, an amount even more than the market capitalization of MicroStrategy itself and three times the position that a certain automobile company held.

For now, Ethereum ecosystem has the most dynamic and viable players of all public blockchains, yet its high Gas fee and network congestion has always been denounced, which results in its decision on moving to 2.0 stage in order to thoroughly solve the congestion on-chain and improve the scalability of the Ethereum blockchain.

Here the core change is the transformation from PoW algorithm to PoS algorithm. And 2022 is a crucial year for Ethereum's plan on 2.0 phase, which could set the stage for Ethereum to become a world-class financial settlement layer and DApp infrastructure.

Staking of ETH is a key step in Ethereum's transition to 2.0. According to OKLink data, more than 10 million ETH have been staked to ETH 2.0 contract. To be more precisely, as of March 31, ETH 2.0 contract has received a total of 10,989,186 ETH, which accounts for 9.3% of total ETH in circulation. This could be a sign that we may soon see an Ethereum that has greatly improved in scalability, security and sustainability.

In addition, several EVM (the core underlying component of Ethereum) based ecology such as Polygon and Fantom rose up to popularity as they promise a lower cost compared to Ethereum

OKLink emphasized in the report that Non-EVM based public blockchains would provide new options for users to move their assets by adding EVM compatibility; besides, this would bring more composability to the global blockchain ecology and accelerate the prosperity of multi-chain era by integrating widely accepted standards.

With the rapid development of global blockchain and crypto market, the processing and analysis of large number of diverse data on blockchains may help in grasping the trend of the crypto market. In this regard, based on self-developed technology platform and rich experience in blockchain data processing and analysis, OKLink has launched a series of data reports reflecting the development of blockchain and crypto industry, and will continue providing support for the development and prosperity of the blockchain industry.

For more information on the Global Crypto Market 2022/Q1 report, please visit:
https://www.oklink.com/academy/zh/hot-oklink-quarterly-insights-q1

About OKLink
As one of the earliest founded blockchain companies in China, OKLink has committed to R&D and commercial application of blockchain technology since its establishment in 2013, and has developed into a world-renowned blockchain technology and data service provider. The company now holds industry leading visual blockchain data processing and analysis tools, integrating big data, AI and other advanced technologies to analyze and process complex and diverse blockchain data.

Media Contact
Norman SUN, OKLink
E: cooperation@oklink.com
U: https://www.oklink.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comOKLink team had just released their Global Crypto Market First Quarter Report 2022 on April 10, which contains a thorough review on the market performance of various public blockchain as well as in-depth discussion of popular fields and topics in the first quarter.

What are Crypto Bridges | Blockchain Bridge 101

Following the numerous hacks that happened across blockchain bridges, here is an article that explains what they are and why bridges are vulnerable.

The post What are Crypto Bridges | Blockchain Bridge 101 appeared first on BitPinas.

ElkNet v2 Set to Launch on April 9th for Token Upgrade & First Governance Vote

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

MADRID, SPAIN, Apr 7, 2022 - (ACN Newswire) - Elk Finance which is a decentralized network for cross-chain liquidity has announced the launch of its ElkNet v2 upgrade. ElkNet v2 is the first fully functional version of the ElkNet protocol, with security and efficiency as its highlighting upgrades.

For more details, please visit Introducing: ElkNet v2 (Overview, Token Migration & Governance) | by Elk.Finance | Elk Finance | Mar, 2022 | Medium https://bit.ly/3ujn9D9

The upcoming ElkNet v2 upgrade will be secured by design with various security checks and transfer limits in place. It will work on a cross-chain triangle model where security, speed, and cost will be balanced within the network to enhance user experience.

Cross-chain messaging is one of the highlighting features of ElkNet v2 which will allow outside developers to deploy cross-chain smart contracts and web3 applications.

ElkNet v2 is a ground-breaking cross-chain architecture based on a system of token "reservoirs" that are installed on each chain supported by ElkNet.

ElkNet Reservoirs will improve transparency, minimize custodial risk, and reduce smart contract vulnerabilities all at the same time.

Another interesting part of the ElkNet v2 upgrade is the deployment of a new ELK token contract which is a pre-requisite to installing the ElkNet Reservoirs. In order to take advantage of the new features and network operations, users must upgrade to ElkNet v2 from the Elk dApp.

As part of the ElkNet v2 upgrade, the first official governance vote will also be initiated. A significantly revised ELK tokenomics framework will be presented to users for approval.

The first vote will be placed during the token upgrade and the token update will be followed by a poll about each of the new token contracts, with the results being published on the blockchain.

Detailed information about the ElkNet v2 upgrade is available in the above-mentioned medium article.

Summary

Elk Finance is going to launch its ElkNet v2 upgrade on April 9th, 2022, with upgrades including an ELK token upgrade, first governance vote, ElkNet Reservoir System, and many other updates.

Social Links
Twitter: https://twitter.com/pyropyrosquid
Telegram: https://t.me/elk_finance_chat/
Discord: https://discord.com/invite/D68vrXgXXZ
Medium: https://medium.com/elk-finance

Media contacts
Pyro, CMO, Elk Finance
E: pyro@elklabs.org
U: https://elk.finance/

SOURCE: Elk Finance

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comElk Finance which is a decentralized network for cross-chain liquidity has announced the launch of its ElkNet v2 upgrade. ElkNet v2 is the first fully functional version of the ElkNet protocol, with security and efficiency as its highlighting upgrades.

ZooKeeper dApp to Launch on Avalanche

zoo-x-avax-2

Press Release: Yield-farming dApp ZooKeeper is launching on Avalanche on the 3rd of April, enabling users to take advantage of both networks by cross-chain transferring their $ZOO tokens, and ZooNFTs.    4th April 2022, GENEVA, Switzerland — ZooKeeper is delighted to announce that its dApp is officially coming to the Avalanche network. ZooKeeper is the […]

The post ZooKeeper dApp to Launch on Avalanche appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz - World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Cylum Launches Highest APY Staking Reward in the Crypto Space

London, UK, Apr 1, 2022 - (ACN Newswire) - Cylum Finance, a DeFi 3.0 platform, has launched the highest APY staking reward in the crypto industry. Over the years, crypto investors and traders have staked their assets for relatively average returns. Although these investors earned interest on their staked crypto assets, there is huge room for improvement. Offering an increase in APY for staked assets will undoubtedly incentive more investors to enter the market.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

The mission of the Cylum project is to give crypto investors a more profitable reason to stake their assets on its platform.

Cylum Highest APY Reward

Cylum offers up to 395,677% APY within the first year for investors who hold the $CYM token. Since the history of crypto staking, no project has offered investors such high returns on their investment. The unique smart contract that powers Cylum's APY leverages compound interest in its reward system. As a result, all investors earn rewards every minute of the day with Cylum. The team plans to increase the earnings of investors with the launch of the mainnet offering. The mainnet also has a multi-chain decentralized application (Dapp) developed to offer users more utility within the ecosystem.

Cylum Unique Features & Uses

  • Auto-Staking & Compounding

In most existing DeFi projects, token holders have to stake their crypto assets manually. With Cylum's auto-staking and compounding, it is entirely different. Every process is automated and designed to favor investors. By purchasing and holding these tokens, investors earn active rewards directly to their respective wallets.

After the annual compound interest of 395,677% within the first year, the APY will begin to decrease.

  • Automatic-Burn

To reduce the number of $CYM in total supply and drive up the value of each token, the team is looking to make $CYM a deflationary token. With auto-burn, the team will make the token more valuable as a result of the decrease in supply and increased demand. The auto-burn feature is an algorithm created to automatically eliminate 2% of the $CYM token total supply once it is launched.

About Cylum Finance

Cylum is a DeFi 3.0 project launched to revolutionize crypto staking and reward system. Skilled developers created it with unique code. The project operates an amazing set of mechanics that ensures the protocol remains sustainable. The team also incorporated additional unique features that confer a competitive advantage on the project. Crypto staking has become one of the top ways investors make money from the market. A great platform like Cylum is essential to attracting more players to this sector of the crypto market.

The Cylum protocol serves as a launchpad for metaverse projects deployed on the Binance Smart Chain (BSC). In addition, its cylinder insurance fund ensures it is low risk with high rewards for investors.

Social Media
GitHub: https://github.com/cylumfinance
Telegram: https://t.me/cylumfinance
Twitter: https://twitter.com/cylumfinance
YouTube: https://www.youtube.com/channel/UC5h7sQkZiqMLBTA0JIFx5wQ

Media contacts
Brand: Cylum Finance
Contact Person: Jennifer Rodgers, Marketing Manager
E-mail: support@cylum.io
Website: https://cylum.io
LinkedIn: https://www.linkedin.com/in/jenifer-rodgers-51a3383a/

SOURCE: Cylum Finance



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Meson Network And RSS3 Partner Up To Support Open Information Syndication Protocol In Web3

Meson Network And RSS3 Partner Up To Support Open Information Syndication Protocol In Web3
Meson Network, a bandwidth trading platform built on blockchain and RSS3, an open information syndication protocol entered into a strategic partnership to ensure RSS3 users enjoy accelerated static files in a fully decentralized network frame. As per the announcement, the partnership will integrate Meson Network’s decentralized CDN to accelerate files and content faster, giving users […]
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Finance Redefined: Hoskinson talks about DApps, Coinbase Cloud launches Avalanche tools and more

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

In this week's DeFi newsletter we discuss Cardano founder's admission about his DApp prediction, Coinbase Cloud's latest Avalanche-based developer tool, some of the biggest gainers and much more.

Archway Cosmos Protocol Raised $21M To Provide Developer Rewards

Archway, a Cosmos-based protocol raised $31 million to provide developer rewards while CoinFund and Hashed co-led the seed round behind the project so let’s read more in today’s latest Cosmos news. Archway is a Cosmos-based protocol that rewards decentralzied application developers built on the network. Phi Labs a contributor to Archway said it raised $21 […]

LBank Exchange Lists Bobatama (BOBA)

LBank Exchange Lists Bobatama (BOBA)
Global crypto exchange LBank listed Bobatama (BOBA) at 21:00 (UTC+8) on March 16, 2022. As a result, the  BOBA/USDT trading pair is now available for all users of the exchange to trade. Bobatama is the first crypto project to bring an Ethereum Virtual Machine (EVM) compatible crypto wallet to the world. The listing of its […]

LBank Exchange Lists Bobatama (BOBA)

LBank Exchange Lists Bobatama (BOBA)
Global crypto exchange LBank listed Bobatama (BOBA) at 21:00 (UTC+8) on March 16, 2022. As a result, the  BOBA/USDT trading pair is now available for all users of the exchange to trade. Bobatama is the first crypto project to bring an Ethereum Virtual Machine (EVM) compatible crypto wallet to the world. The listing of its […]

LBank Exchange Lists Bobatama (BOBA)

LBank Exchange Lists Bobatama (BOBA)
Global crypto exchange LBank listed Bobatama (BOBA) at 21:00 (UTC+8) on March 16, 2022. As a result, the  BOBA/USDT trading pair is now available for all users of the exchange to trade. Bobatama is the first crypto project to bring an Ethereum Virtual Machine (EVM) compatible crypto wallet to the world. The listing of its […]

LBank Exchange Lists Bobatama (BOBA)

LBank Exchange Lists Bobatama (BOBA)
Global crypto exchange LBank listed Bobatama (BOBA) at 21:00 (UTC+8) on March 16, 2022. As a result, the  BOBA/USDT trading pair is now available for all users of the exchange to trade. Bobatama is the first crypto project to bring an Ethereum Virtual Machine (EVM) compatible crypto wallet to the world. The listing of its […]
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Recent articles

spot_img