Gavin Andresen Publishes Theory of Possible Crypto Future: Whales Shut Down the BTC Network in the Year 2100

On September 21, former Bitcoin developer Gavin Andresen published an interesting blog post about “a possible [Bitcoin] future.” The blog post details a theoretical situation for the Bitcoin network in 2061, where most [bitcoin] transactions don’t happen on the [Bitcoin] network.

Bitcoin-based security token offering approved in Germany

Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token. German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain.Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace.German investors can invest in EXOeu via Stokr with a minimum investment amount of $100.

How much intrigue is behind Kusama’s parachain auctions?

Understanding the available data and current standings for the parachain auctions on Kusama. Eleven projects joined the race when Kusama parachain auctions started on June 15.

Polygon announces scalable data availability infrastructure Avail

The Polygon team is set to launch a data availability solution for sidechains and layer-two protocols. Ethereum (ETH) scalability infrastructure developer Polygon has announced the rollout of a general-purpose, scalable data availability solution called Avail.According to a release issued on Monday, Polygon revealed that Avail will function as a data available tool for execution layers like sidechains, standalone networks, and layer-two protocols.One of the major hurdles for effective blockchain scaling is the data availability problem.

Polygon to Launch an All-Purpose Blockchain Dubbed Avail

Polygon is planning to launch Avail, a general-purpose blockchain network for standalone chains, sidechains, and other Layer-2 solutions.

DeFi hub Karura emerges as first Kusama parachain slot auction winner

Polkadot’s canary network Kusama is set to see decentralized finance hub Karura become the first parachain. Karura network has emerged as the winner of the maiden Kusama parachain slot auction.According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as the first Kusama parachain.In total, Karura backed locked up over 491,000 KSM  currently valued at $93 million based on the Kusama market price as of the time of writing.

With this development, could XRPL compete with Ethereum?

Ripple is taking the development of the XRP ecosystem ahead with the proposal for Federated Sidechains.

Ripple publishes proposal for federated sidechains to keep main ledger lean

In lieu of expanding the main ledger's functionality, Ripple's developers argue that using federated sidechains will help preserve the blockchain's leanness and efficiency for payments. Ripple's developers have been engaging with feedback and suggestions that they expand the XRP Ledger, or XRPL, to integrate functionalities such as smart contracts.

Yearn.Finance in Miami: Developer talks new vaults, products, and verticals

Layer-2, DEX liquidity pool position vaults, and insurance is on the horizon for the rapidly-expanding team. Two sweltering blocks from the gated entrance of Bitcoin Miami I managed to track down a core contributor for one of the most important projects in decentralized finance (DeFi).

Polkadot announces Kusama is 'finally ready to host parachains'

The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet. Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network.

Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes

Polygon is building a Layer 2 aggregator for sidechains, rollups and even whole blockchains in a bid to fix Ethereum’s transaction limitations.

Second layers will save the day in 2021, bolstering Ethereum and DeFi

In 2021, we’re likely to see a lot of crypto industry players adopt sidechains and parachains to provide a better experience for their users. When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance.

Cardano wants to incentivize running sidechains with inflation, says Hoskinson

Since the launch of Shelley in July 2020, implementing Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation. However, the much-anticipated launch is still ye The post Cardano wants to incentivize running sidechains with inflation, says Hoskinson appeared first on AMBCrypto.

A Guide to Circles, the Project Bringing UBI and FOMO to Ethereum’s xDai Sidechain

Circles has had its glitches in the early going.

Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain

Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties.

Block Size and Scalability, Explained

Debate over increasing block size for blockchain scalability still goes on, but what are the main arguments from proponents and detractors? The debate is not settled. Despite much of the great work being done, there is no one clear solution for blockchain scaling, and it’s possible there never will be. All of the possibilities explored above stand to help bring digital assets onto a global stage, but none of them are the final say yet.

Polkadot Wants to Enable You to Launch Custom Blockchains in One Hour

During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour. During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour. When speaking at event on July 7, Škvorc explained in detail how to create a blockchain based on Polkadot’s modular “Substrate” architecture.

‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

During the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet software.

Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries.

Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains

It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective. Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake.