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A brand new altcoin surged by more than 96% over the last three days after its mainnet went live earlier this week. Dymension (DYM) is a layer-1 block chain that aims to serve as a network for “RollApps,” which the project defines as fast modular chain s that work for games, decentralized finance (DeFi) protocols and non-fungible tokens (NFTs). Says the project, “Dymension was conceptualized two years ago as a monumental vision of adding another dimension (Y axis) to the Inter chain by building a modular Internet of rollups. Today, with the first block and the birth of Dymension, a new chapter of block chain s begins… Dymension’s vision of the Internet of RollApps exponentially accelerates the Inter chain for all, from solo developers in garages to established teams, bringing back crypto to its roots. Empowering anyone to build and connect their own chain to the crypto economy.” The project launched its first block and native token on...

Charles Hoskinson shared Cardano’s vision to bring together, the private and public sides of blockchain via Midnight ‘Midnight’ was introduced to achieve the vision of keeping public things open and private things confidential. Hoskinson elaborated on Midnight’s benefits; it could trigger a surge in network adoption. In a recent interview on the YouTube channel ‘Crypto Capital Venture,’ Cardano Founder Charles Hoskinson shared insights on Midnight, Cardano’s data protection-based side chain . Per Hoskinson’s assertions, Midnight is introduced to bring forward both the private and public sides of a block chain together with smart contracts. While block chain technology is best known for its decentralized nature and transparency, its foremost challenge is that “it can’t keep a secret.” Hoskinson stated,  They’re really good at telling the truth…but they can’t hide the private state of things. Per Hoskinson’s view, while businesses have both priv...

Trust in charities is declining, but blockchain technology has the potential to restore it. Charity initiatives reflect our humanness in a world too much focused on individualism and consumerism. However, trust in charitable organizations and nonprofits has declined drastically over the last few years. Many businesses and individual influencers use giving for branding and promotion, often ignoring to ensure their funds reach the destination accordingly. The latest “Trust in Civil Society” report by Independent Sector found that trust in nonprofits and philanthropy among U.S. citizens had declined in 2023 compared to 2020. In the UK, according to a Charity Commission of England and Wales report, the percentage of people who describe charity as ‘very important’ has dropped from 72% in 2008 to only 56% in 2023. How can blockchain bring back trust in charity? Blockchain technology can underpin financial infrastructure capable of providing an alternative to the traditional way of doing...

New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science. So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising.  But measuring inflation isn’t easy. It is as much art as it is science. The world’s number one inflation index, arguably, is the United States Bureau of Labor Statistics (BLS) Consumer Price Index (CPI), which has been around for over 100 years. Not all economists and business leaders are happy with the CPI, however. Its methodology sometimes seems antiquated, and it publishes only once a month. It also relies on a workforce of 477 people who canvas supermarkets, department stores, gas stations and hospitals, often simply jotting down retail prices — not exactly 21st century. “Basically, they go to stores — whether it’s electronically or in person — and write down prices,” Nationwide insuran...

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3. Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our work and communications that we have, Saudi [Arabia] is very, very interested in Web3,” Animoca Brands co-founder Yat Siu told Cointelegraph. Given the kingdom’s partnerships with entities such as The Sandbox and even Animoca, Siu sees that there’s an effort from Saudi to venture into the new iteration of the internet. The executive...

Agricultural sectors, such as the coffee market, can integrate blockchain to achieve better traceability, security, and speed. Blockchain has a lot to offer to agriculture, helping the oldest industry reach a new dimension. Everything related to data and transactions can be enhanced with traceability, security, and speed. All of these features and benefits can transform agriculture and help it scale. With demand for food and agricultural products expected to jump 70% by 2050, scaling is more than a necessity. Decentralized ledger technology (DLT) can be intelligently mixed with other innovative tech solutions, including machine learning, Internet of Things (IoT) devices, artificial intelligence (AI), satellites, and drone imagery, to augment the benefits. The adoption of blockchain can help farmers and other players streamline supply chain processes to increase customer and stakeholder trust. Tracking the origin and transportation of a product can be done in real-time, with the blockc...

According to Justin Bons, founder of Europe’s oldest crypto fund Cyber Capital, competitors will overtake Ethereum if it does not implement the proposed updates on time. Bons explained this in a Twitter thread, noting that ETH is in a race to scale on- chain . 5/5) With all of this legitimate competition building up ETH cannot afford to sit on its laurels; it should pivot back to execution sharding! Especially now that the competition has proven its viability L2s will not save ETH from this predicament, just as it did not save BTC — Justin Bons (@Justin_Bons) April 30, 2023 Over the years, Ethereum has implemented several improvements to increase its block space and scalability. Bons acknowledged that to be a positive move, but he insists just increasing the block space does not exempt ETH from the competition. He indicated that several scalable blockchains have arrived, and if ETH does not buckle up, they will overtake it as the leading blockchain for developing ...

RYI Unity Explore Multi-chain Benefits through its strategic partnership. RYI Unity’s new multi-chain approach allows for even greater interoperability within the cryptocurrency ecosystem, building bridges across various blockchain networks. RYIU is a deflationary frictionless yield aggregation protocol. There is no staking or farming required. Just for owning RYIU Token, you will receive rewards directly to your wallet. Effortless and frictionless yield aggregation. This mechanism also works on lending platforms, staking platforms, and farming platforms. The reward mechanism allows investors to farm RYIU and receive dual rewards. The reward as well as the yield from RYIU. Thus, maximizing their return on investment. Safe, secure, and sustainable. EXPLORING RYI Unity Partnerships RYI Unity recently partnered and expand to chain s such as Nautilus, Bitgert, Optimism, and more. RYI Unity’s multi- chain approach enables efficient transactions across different block chain s, making it eas...

To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together. As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin (BTC). While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009. Bitcoin addresses with a non-zero balance. Source: Glassnode However, as the technology continues to evolve and gain mainstream adoption, scalability remains one of the biggest challenges facing the industry. Bitcoin and Ethereum, two of the largest blockchain networks, are highly decentralized, with thousands of nodes operating on each network (17,553 nodes for Bitcoin and 7,099 nodes for Ethereum as of April 14, 2023). Ethereum mainnet statistics. Source: Ethernodes While this decentralization provides greater security, it also results in slower transaction speeds and scalability issues due to the significant computational resources required to maintain th...

The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team. Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours. In a blog post from Feb. 10, Jump Crypto disclosed a detailed report about the vulnerability found two days earlier, which could "have led to a large loss of funds." As per the report, the BNB Chain is composed of two blockchains - the EVM compatible Smart Chain (BSC), which is based on a fork of go-ethereum and the Beacon Chain, built on top of Tendermint and Cosmos SDK. However, the Beacon Chain uses a BNB fork hosted on GitHub with several BNB-specific changes. "It deviates from the Cosmos SDK upstream in several ways, motivating us to take extra care in ...