#blockchain
1030 articles found
Latest
AUDN: The Stablecoin Disrupting Cross-Border Transactions
The National Australia Bank (NAB) has launched cross-border payments utilizing its AUDN stablecoin, tailored for instant cross-border transfers. NAB will leverage the Ethereum blockchain to transfer AUDN to its subsidiaries in other countries. Coinbase Eyes UAE as Strategic Hub for Crypto Expansion
The United Arab Emirates (UAE) has rapidly established itself as a global center for web3 innovation, with the nation boasting a thriving startup ecosystem, robust blockchain infrastructure, and a cryptocurrency adoption rate exceeding 11% of the population. 
A recently discovered bug in Ordinals, a system for writing digital collectibles onto the Bitcoin blockchain, has raised concerns and sparked a debate on how to address the issue. The bug was introduced by a developer known as Supertestnet, who initiated a transaction that didn't output a satoshi but was still considered valid in the Ordinals system. This caused the numbering system that Ordinals uses for inscriptions to be offset by one.
Ordinals creator Casey Rodarmor acknowledged the bug on GitHub, expressing uncertainty about the best course of action to fix it. While the bug doesn't break the primary Ordinals system of tracking satoshis linked to collectibles, it affects the vanity metric of inscription numbers, which indicate the order in which each Ordinal collectible was created.
Danny Diekroeger, founder of Bitcoin Lightning platform Deezy, downplayed the severity of the issue, stating that inscription numbers were already somewhat flawed. Another developer, Rijndael, agreed, noting that the bug should not impact the actual Ordinals themselves, but only the inscription numbering system.
As developers and the community discuss potential solutions, it's clear that the bug raises questions about the reliability and security of the Ordinals system. While it may not be a major problem in the grand scheme of things, it serves as a reminder of the importance of ongoing development and testing in blockchain-based systems. 
ONE Championship, Animoca, and Notre Game to Launch MMA in Web3
Fighting strategy games have always been a hit with gamers, and they have become even more exciting with the integration of blockchain technology and NFTs. When these games are developed by well-known brands and launched as mobile games, they are sure to gain immense popularity within the Web3 community. What Are the Different Layers of Blockchain Technology?
Blockchain technology is a remarkable combination of different technologies that work together seamlessly to ensure the smooth operation of a system. Mathematical calculations, cryptography, peer-to-peer networks, and verification protocols all work in harmony to support the blockchain's operations. 
The NFTFi market is witnessing a significant revival, with the Blur Blend NFT collateralized lending platform playing a crucial role. Following its launch, the total value of loans on the network has surpassed $67 million, reaching a six-month record, according to data from Dune Analytics.
Currently, Blur Blend dominates the NFTFi market, accounting for a staggering 75% of the total volume of all loans in the sector. This resurgence has prompted renewed interest in the potential of NFT-backed lending and its applications within the broader blockchain and crypto ecosystem.
To learn more about the NFTFi space and how it could become a new trend in 2023, read the full article on the website. What is TerraClassicUSD (USTC)? An overview of the project
TerraClassicUSD (USTC) is an algorithmic stablecoin of the Terra blockchain. The idea behind USTC was to tackle the scalability issues that plagued other stablecoins. However, USTC ultimately proved to be the downfall of the Terra ecosystem in May 2022. 
Stuart Haber: Blockchain Co-Creator Ahead of His Time
In 1991, Stuart Haber and Scott Stornetta introduced the concept of a digital ledger system, which laid the foundation for modern blockchain technology. Their work was a turning point in the history of computer science and has led to the widespread adoption of the technology among developers. Their ideas continue to drive innovation and change in the industry. Tencent-Backed Everledger Faces Bankruptcy
Cai Yige, the former head of Tencent's blockchain business, has left the company to found web3 wallet Punk Code, following his departure at the beginning of the year. Meanwhile, Everledger, an Australian blockchain technology firm supported by Tencent, has filed for bankruptcy nd liquidation due to insufficient investor funds. 
Former MIT Blockchain Cheerleader Changes Tune
Gary Gensler, who once enthusiastically taught blockchain and cryptocurrency courses at MIT, now serves as the Chairman of the SEC and has made a notable about-face regarding his stance on the crypto industry. Gensler now claims that many crypto platforms are operating in violation of securities laws, raising eyebrows among industry insiders.