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Scalability

News

Genesis Mining head forecasts importance of layer-two Bitcoin solutions

Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a …

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Bitcoin can scale on chain just fine as a store of value, Blockdaemon CEO suggests

Can Bitcoin’s (BTC) blockchain handle full mainstream adoption as a store of value, without needing layer-two scaling solutions? Konstantin Richter, founder and CEO of blockchain infrastructure company Blockdaemon, seems to think …

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Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up

Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s …

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Ethereum layer-two network to offer batched Tether payments

Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will …

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DeFi boom drives 1200% increase in DApp volume in 2020: Report

DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereum’s DeFi ecosystem, according to DappRadar. That’s an astonishing 1178% increase from …

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ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA

Ethereum co-founder Vitalik Buterin recently answered a number of community questions as part of an ask me anything, or AMA, session on Reddit. During the AMA, hosted by the Ethereum …

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Future elections could be held on the Cardano blockchain, says Hoskinson

In an interview with Cointelegraph, Charles Hoskinson suggested that a Cardano-based solution might make blockchain voting possible for future national elections. He stated: “Not only do I believe — we’ve been building …

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Toyota’s IT arm works on digital token pilot with crypto exchange

Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. …

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This blockchain only needs 22Kb of data to be verified

Mina aspires to be the world’s tiniest blockchain, with claims that its protocol maintains a constant size of around 22 KBs. This is ostensibly achieved by using recursive zk-SNARKs — the same technology …

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No single blockchain can carry all of DeFi right now, MyEtherWallet founder says

Most of DeFi’s potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet.  “From a perspective of fully decentralized blockchains, …

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