While the space race for humanity began in the mid-1950s, blockchain technology took its first steps outside Earth in February 2018, and now Elon Musk has declared the start of the space race in early June 2021. With the recent news that SpaceX was going to carry some payload funded by Dogecoin, the latter was...

The post Velas Network Blasts off Through Partnership with SpaceChain into the New-Age Space Race appeared first on Live Bitcoin News.

Major US Bank, Bank of America (BoA) compared Solana blockchain to the world’s largest credit card network, Visa. In a research note published Tuesday, BoA research analyst, Alkesh Shah expressed optimism for the top smart contract platform over its ‘scalability, low transaction fees, and ease of use,’ going ahead to add: “Solana could become the Visa of the digital asset ecosystem.” Shah believes Solana even has the potential to take over Ethereum by distinguishing itself through ‘user adoption and developer interest.’ Ethereum, meanwhile, could become the blockchain for ‘high-value transactions and identity, storage and supply chain use cases,’ while Solana grows itself as a settlement layer. Since its launch in 2020, Solana has settled over 50 billion transactions, has more than $11 billion in total value locked, and has been used to mint over 5 million non-fungible tokens (NFTs). Visa, on the other hand, processed 164.7 billion transactions on Sept. 30, 2021. When comparing the transactions per second (TPS) on blockchain networks to those performed on credit card networks, Visa can theoretically handle at least 24,000 TPS but averages around 1,700 while the TPS for Ethereum stands at 15. In comparison, Solana overtakes both Ethereum and Visa with a theoretical limit of 65,000 TPS. Bank of America further stated that Solana and other alternative blockchains could even grab the market share from Ethereum over time. Currently, Ethereum has a market cap of $402 billion, which is more than eight times greater than Solana’s market cap. According to CoinMarketCap, SOL is currently the fifth-largest cryptocurrency with a market capitalization of $47 billion.

The post Solana Could Become the Visa of Crypto World, Claims Bank of America appeared first on Cryptoknowmics-Crypto News and Media Platform.

The Lightning Network has been built-in into Cash App, a peer-to-peer cost service operated by Block, beforehand Square Inc. The function permits transactions between events that aren’t linked to the blockchain community. It was created to address the scalability points with the flagship cryptocurrency. Bitcoin Lightning Important For Speedy Transactions Block (beforehand Square), a fintech […]

The post Cash App Set To Bring Bitcoin Lightning Network To Its 36 Million Users appeared first on Bitcoin Upload.

The report also compares the asset to security-centric Ethereum and DeFi newcomer Avalanche.

The growth of the cryptocurrency industry has raised many concerns. They range from security and scalability, on-boarding newbies, trust-less custody and order matching on exchanges to overall user experience, and to achieve mass adoption of cryptocurrency, there’s a need for third generational exchanges to resolve these issues. Cryptocurrency and blockchain technology keeps evolving and […]

When it comes to consensus mechanisms, Proof-of-Work (PoW) is often dubbed as a relic of the past that is being replaced with other mechanisms such as Proof-of-Stake (PoS). The most common argument against PoW blockchains is that they are just too energy-intensive and costly. I’m sure you’ve heard this narrative if you’ve been in crypto […]

The post Kadena Deepdive! The Blockchain Trilemma solved?! appeared first on Coin Bureau.

Prominent Ethereum development firm Consensys has launched a new scaling solution with support from the engineering team from payments giant Mastercard. The new project, called “Consensys Rollups”, aims to provide enterprise-grade scalability to financial organizations and address the “key challenge of scalable applications on the Quorum tech-stack.” According to Consensys, the firm engaged Mastercard to […]

The post Consensys Collaborates with Mastercard On New Privacy-Focused Rollups appeared first on Coin Bureau.

MAP Protocol's testnet, Makalu PoC-2 was officially launched on December 10, 2021. Makalu PoC-2 is equivalent to MAP testnet, in the sense that it upgraded the consensus mechanism on the basis of the original PoC-1. Makalu PoC-2 upgrades the consensus mechanism to POS, from the original POW, with high TPS performance standards. This allows it to utilize cross-chain transaction data (assets) and perform “on-chain upgrades” in a flexible manner, while greatly improving transaction processing speed.

Official Launch of MAP Protocol's Makalu Poc-2 Brings Much-Needed Upgrades

Makalu PoC-2 makes use of the IBFT algorithm to achieve message consensus between nodes and implement Validator registration and election functions in the form of on-chain contracts and supports. Makalu PoC-2 will also continue to support light client verification to verify on-chain transactions on the peer chain, while being compatible with and supporting EIP-1559. PoC-2 will continue to update multiple versions in the form of small version iterations.

MAP Protocol is considered the “Blockchain Assets Freeway,” as it is a cross-chain bridging protocol that aims to provide a secure end-to-end solution for any blockchain to move assets freely. To fulfill this role, MAP Protocol is built on three layers simultaneously.

The first layer, MAP Chain, known as the base layer, is a dedicated blockchain serving as the infrastructure freeway connecting all kinds of blockchains to break barriers.

Secondly, the asset layer provides an infrastructure freeway linking other blockchains (cross-chain support), allowing all kinds of assets to be mapped to MAP Chain in a non-custodial style via trustless smart contract. 

This is followed by the DeFi Application layer, allowing all kinds of applications, including but not limited to DEXs, games and NFTs that can be built with the cross-chain capabilities enabled by MAP Chain and MAP Assets. This also allows fast trades of NFT tokens in a cross-chain decentralized manner, while applications can be easily built using the underlying light client and assets vault.

Following the December testnet upgrade, the focus in the next stage will be on MAP's ecological construction, especially the high frequency of NFT and GameFi development that is changing the dynamics of the traditional gaming industry. This market has been always our key focus, and is expected to continue seeing explosive growth in the future. MAP Protocol is a cross-chain and will have its own independent ecology. For the future development of NFT and Gamefi, cross-chain will be an indispensable component that cannot be ignored.

MAP Protocol will deploy its applications on all the major chains, supporting cross-chain swaps. This will allow all the assets on MAP Chain to circulate freely across all chains. MAP Protocol also welcomes additional GameFi, NFT and Metaverse projects to publish assets on the MAP Chain and join the MAP ecosystem.

MAP Protocol is also compatible with EVM. All EVM chain assets and projects such as Ethereum can be issued to MAP, and MAP will be motivated through various means including ecological incentives.

To promote MAP Protocol's cross-chain technology, cooperation and partnerships opportunities with more public chains will be established. For the purpose of accessing more public chains, MAP will optimize protocols and provide support for cross-chain oracles, lending and other DApps.

About MAP Protocol

Map Protocol is considered the “Blockchain Assets Freeway”. It is a cross-chain bridging protocol that aims to provide a secure end-to-end solution for any blockchain to move assets freely, i.e., allow fast trades of NFT assets in a cross-chain decentralized manner. Please visit MAP Protocol online for more information. 

Website: https://www.maplabs.io/

Media Contact:

Rena Kim

[email protected]

HBSwap's mission is to empower people around the world with equal access to banking and participation in the global financial markets. We believe people in the under-developed nations should have equal financial market access as people living in the developing and developed nations. 

Today a user can access the HBSwap with a built-in web-browser wallet on a mobile phone or a notebook, without downloading any APP or software. Using one's email to receive an authentication code. Within minutes a user can begin sending, receiving and trading BTC, ETH, BNB and USDT.  Making investments using ETH or BNB in liquidity staking or participating in BTC and ETH collateralized lending, as a lender or a borrower.

HBSwap will enable Social Coin Offering (SCO), where everyone can easily mint, gift, sell and trade their own personal tokens with their family and friends. SCO will be conducted on HBSwap's Launchpad. Currently HBSwap's platform token HBS is available on the Launchpad for fixed price swap at USDT0.018. 

HBS is a multi-chain token, where you can send HBS (Ethereum) tokens to an Ethereum wallet, later deposit HBS (Ethereum) tokens into HBSwap wallet and switch to HBS (BSC) tokens to send to a BSC wallet. The HBS (Ethereum) and HBS (BSC) token switch is automatic simply by selecting the token type to send. HBSwap unlocks multi-chain liquidity between Ethereum and BSC networks. 

As part of the roadmap, HBS tokens can be traded on Uniswap and PancakeSwap, in addition to trading on HBSwap. Unlike MetaMask wallet, which provide users multiple single chain wallets, HBSwap wallet is a multi-chain wallet, were you can store BTC, ETH and BNB in one single wallet, without the need to change the network settings.

Built on the MASFi public chain, HBSwap is the world's fastest cross-chain DeFi platform with a next generation exchange. Users can trade cross-chain pairs, such as BTC/USDT and BNB/USDT, with token pairs generated on different public chains. Trading and transfer of BTC and ETH are completed in 1-3 seconds with gas or transfer fee of US$0.10 per transfer, which is waived during the initial launch period. For payment applications, HBSwap, by solving the slow speed and high gas fees of BTC and ETH, supports these tokens as a means of cross-border transfer and even for micropayment.

DeFi services including OTC or block trading of BTC and managed fund products with a period of 30 days to 6 months will be introduced. Various third party DeFi products and services will also be available on HBSwap connected via API, such as USD or Euro access, credit cards, fund products, financial games, NFTs, etc. HBSwap's smart contract wallet enables automated and transparent fee sharing arrangements with strategic business partners. Our goal is to provide a wide range of useful and easy to use DeFi services to our users worldwide!

About HashBrownSwap

HashBrownSwap is an open DeFi platform with a next generation exchange, designed for everyone. HBSwap is also a B2B2C platform for co-branding with strategic partners to quickly launch or expand their DeFi, NFT, payment, investment product or metaverse service.

For more information: www.hbsswap.com

Contact: [email protected]    

About MASFi

MASFi is a public chain designed for DeFi operating at the ultra high speed of 10,000+ TPS. MASFi smart-contract and API is 100% Ethereum compatible. In addition to HBSwap, DeFi projects building on MASFi include MASEx 2.0, MASBank and MAS Pay.

For more information: www.masfi.net

Contact: [email protected]        Sting Lin

Today, despite the risks in using cryptocurrencies as well as the moves to tighten control over cryptocurrencies by the governments, cryptocurrencies are increasingly widely accepted among industries across the world. As a result, their interaction with commercial platforms is becoming more important and common. Some major online stores are also looking to Bitcoin payments on [...]

The post Syscoin: Blockchain Protocol for Future-Proof Payments & Value Transfer appeared first on Blockonomi.

  By Andreas Freund, EEA Mainnet Interest Group Member The following is a current state of the Ethereum scalability ecosystem mini report, which is longer and more in depth than a typical blog post. Many enterprises have abandoned private Blockchain consortia due to several factors: the absence of meaningful network effects in private Blockchain implementations [...]

The post Scaling a $500Bn+ Ecosystem: Layer 2 and Other Ethereum Scalability Solutions and Their Current Solution Landscape appeared first on Enterprise Ethereum Alliance.

Cryptocurrency has become so popular globally over recent years. The popularity and adoption have been so high that it has surpassed massive tech developments...