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Polygon Labs has announced plans for a new, more decentralized governance model as part of its upcoming Polygon 2.0 roadmap.
The team has proposed "three governance pillars" that will manage the core protocol, smart contracts, and a community treasury.
Key features include an expanded Polygon Improvement Proposal (PIP) framework, an ecosystem council to manage system smart contract upgrades, and a two-phase community treasury governance model to fund promising projects. PolyNetwork has been breached once again
In a recent crypto hack, the attackers exploited a smart contract function in PolyNetwork’s bridge tool, a cross-chain protocol, resulting in the issuance of billions worth of various tokens. The attackers manipulated the bridge to create tokens that didn’t actually exist on certain networks. Keep Network: An Overview of the Privacy-Focused Infrastructure
Keep Network serves as a platform for storing encrypted private data on a public blockchain. The system comprises off-chain data containers known as "keeps". This groundbreaking infrastructure opens the door for developers to design fully private dApps and smart contracts. Phala Network (PHA): A Detailed Review
The Phala Network(or Phala Cloud) is a private cloud computing network operating in a manner comparable to Amazon Lambda's service, but for Web3. Utilizing a TEE-Blockchain Hybrid Architecture, developers can deploy private smart contracts that run within a secure TEE environment. SEC Restructuring: Gensler's Reign Over?
In 2023, SEC Chair Gary Gensler decided to take on the entire cryptocurrency industry. Unable to reach decentralized exchanges and the DeFi sector (since they are virtual smart contracts deployed in a virtual environment), he turned all his focus towards centralized exchanges and top crypto assets. Expounding Horizen's Impenetrable Network and ZEN Cryptocurrency
Horizen presents a riveting blockchain venture, courtesy of a team of developers with considerable crypto industry expertise. With a PoW blockchain supplemented by PoS sidechains, secure and supernodes, smart contracts, a focus on Web3, alongside private and public transactions, this project encompasses an extensive spectrum of options and possibilities. Ethereum Loses Lead: Overview of the Top Smart Contract Platforms
Once Ethereum launched its Ethereum Virtual Machine (EVM) and smart contract platform, it faced little competition in the marketplace. However, its exorbitant transaction fees and continual network congestion spurred the emergence of alternatives. Now, we're seeing the once 'students' outpace their 'master.' US Files First Criminal Charges Against Smart Contract Hacker
The United States Department of Justice (DoJ) has filed the first criminal charges against Shakeeb Ahmed for an attack on an undisclosed smart contract-controlled decentralized exchange (DEX) platform, potentially Solana-based protocol Crema Finance. Introducing a New Solution for DeFi Protocol Protection
In a bid to shield the Decentralized Finance (DeFi) ecosystem from security breaches, a collective of Ethereum enthusiasts has put forward a novel standard named ERC 7265. The standard would integrate a "circuit breaker" functionality into DeFi smart contracts, empowering them to promptly halt token transactions in the face of a hack or security anomaly. iExec (RLC): An Overview of the Project
iExec RLC exemplifies the transformation of a Web3 marketplace with its native ERC-20 token RLC, evolving into an entity similar to an Ethereum sidechain. The platform's distinct consensus algorithm, dedicated dApps creation infrastructure, secure smart contracts, and oracle factory are hallmarks of this transformation. Dusk Network (DUSK): The Confidential Chain for dApps
Dusk Network is a blockchain protocol designed to prioritize confidentiality, enabling the development of dApps that utilize zero-knowledge proofs. This solution is built on a proprietary L1 network, which boasts an asset tokenization platform, a virtual machine, and smart contract functionality. What Are Decentralized Applications (DApps)?
Decentralized applications, or DApps, are digital programs anchored in smart contracts. These run on blockchain technology, unlike traditional apps which depend on centralized servers. While they look and function much like common mobile applications, their range of uses spans from gaming and finance to social networking, and beyond. 






