Category: Blockchain Technology

Sushiswap Community Votes on New Protocol Changes; Uniswap Catches Up

Sushiswap Community Votes on New Protocol Changes; Uniswap Catches Up

Sushiswap took the crypto world by storm two weeks ago with its market capitalization surging to a high of more than $1.4 billion, usurping the market’s largest decentralized exchange Uniswap then in the span of a few days. It rode on the immense success Uniswap achieved, then added its own twist by offering larger pools […]

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Bitcoin’s ERC20 (Fee) Problem

Bitcoin’s ERC20 (Fee) Problem

The rise of DeFi and open finance applications launching trustlessly from different smart contract platforms could be a potential threat to Bitcoin’s security in the years ahead. As DeFi becomes mainstream and the BTC tokenization rate continues to rise, Bitcoin’s incentivization model through fees could become increasingly eroded, exposing the multi-billion dollar project’s underbelly. It […]

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Ethereum Classic Network Gets Hit A Third Time by Hackers in 51% Attack

Ethereum Classic Network Gets Hit A Third Time by Hackers in 51% Attack

After making the news for a two-time 51% attack on the Ethereum Classic (ETC) Network in early August, hackers have made a third attempt and succeeded in reorganizing more than 7,000 blocks, according to a tweet by Bitfly. Today another large 51% attack occurred on the #ETC network which caused a reorganization of over 7000 […]

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Thai Court of Justice Develops a Blockchain Network to Store Judicial Information

Thai Court of Justice Develops a Blockchain Network to Store Judicial Information

Apart from the financial sector, the blockchain industry in Thailand is growing rapidly and developments have expanded into the country’s court system.  According to the report from the Office of the Court of Justice of the Kingdom of Thailand, it has revealed that it is developing a blockchain network as a part of “court digitalization” […]

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South Korea’s Jeju Island Makes Blockchain-Based COVID-19 Tracing System Mandatory for Visitors

South Korea’s Jeju Island Makes Blockchain-Based COVID-19 Tracing System Mandatory for Visitors

Jeju Island, one of South Korea’s most popular tourist destinations, has made a blockchain-based contact tracing system mandatory for visitors in the COVID-19 climate, which was created in collaboration with blockchain firm ICONLOOP. The Jeju Special Self-Governing Province authorized the use of ICONLOOP’s Decentralized Identity (‘DID’) blockchain technology islandwide, which has also been approved by […]

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Tether Launches on 8th Network OMG to Reduce Ethereum Gas Fees & Congestion

Tether Launches on 8th Network OMG to Reduce Ethereum Gas Fees & Congestion

The world’s most capitalized stablecoin Tether (USDT) is now live on the OMG Network, touted as one of the first scaling alternative solutions to the Ethereum network’s layer 2 scaling challenges. USDT transfers can be carried on a network with decreased congestion and gas fees, where transactions can be processed at greater speeds without compromising […]

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Vietnam Government Launches Enterprise Platform to Accelerate Digital Tech Adoption

Vietnam Government Launches Enterprise Platform to Accelerate Digital Tech Adoption

The Vietnam government has launched an enterprise blockchain platform in a bid to drive nationwide digital and technology adoption not only across all industries and businesses in the private sector but also those in the public sector as well, according to a press release.  Partnering with IT firm FTP Software, the government has launched akaChain, […]

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Privacy-Focused Blockchain Firm HOPR, Backed by Binance Labs, Releases Decentralized Ethereum Hardware Node

Privacy-Focused Blockchain Firm HOPR, Backed by Binance Labs, Releases Decentralized Ethereum Hardware Node

According to a report by Coindesk, privacy-focused blockchain firm HOPR has released an Ethereum hardware node that will eliminate the need for individuals to rely on centralized cloud servers such as Alibaba and Amazon. The firm is known for its mixnet solution that safeguards the privacy and security of users via a multistage system created […]

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