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Web3 Foundation Funds Swisscom Blockchain to Strengthen Polkadot

Web3 Foundation, the non-profit behind the Polkadot network, has awarded a grant to Swisscom Blockchain. The undisclosed sum will be put towards the development of a Kubernetes Operator for sentry nodes and validators on both Polkadot and its canary network Kusama.  The Operator will provide a means of safeguarding participants involved in proof-of-stake (PoS) processes on each network against the prospect of losing their staked tokens in the event of an attack. Web3 Foundation Funding a Next-Gen Internet Since it was established in 2017, Web3 Foundation has regularly dispensed grants to projects that can further its ambition of an internet...

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How the blockchain service network could help boost the development of a CBDC in China 

The debate of whether cryptocurrency is, or should be, considered legal tender is an age-old argument.  Looking into China, the government doesn't really believe that crypto is a legitimate form of finance and they are instead categorised under a specific type of “virtual community.”  The debate of whether cryptocurrency is, or should be, considered legal tender is an age-old argument. Looking into China, the government doesn't really believe that crypto is a legitimate form of finance and they are instead categorised under a specific type of “virtual community.”  That being said, some veterans in the industry believe that the BSN...

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Lygon blockchain platform prepares to go commercial following successful pilot tests in Australia

Running on the IBM public cloud, the Lygon blockchain platform has just successfully reported that its pilot with Australian banks has been a success since last year. The financial institutions are believed to issue bank guarantees in just one day after they implement Lygon compared to the current paper-based guarantees that can take up to a month.  Running on the IBM public cloud, the Lygon blockchain platform has just successfully reported that its pilot with Australian banks has been a success since last year. The financial institutions are believed to issue bank guarantees in just one day after they implement...

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Why Ripple is excelling in institutional adoption

Since the introduction of the distributed ledger technology and cryptocurrencies by Satoshi, they have gained a lot of attention from investors, the media, financial organizations, and critics. The original model of the blockchain ledger has continued to evolve with different cryptocurrencies in the blockchain space. Ripple(XRP) was released on the open-source distributed ledger technology in 2012. The XRP ledger has continued to thrive and grow; today, it is the third-largest cryptocurrency in the world by market capitalization. One thing that has always set XRP apart is the rapid adoption of the cryptocurrency by banks. According to a report, more than...

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Decentralized finance: what is it all about?-PART 1

For many years, the world was used to traditional methods of exchanging value and trading. However, as digitization crept in from the latter part of the 20th century through to the 21st century, finance, banking, trading, and value exchange have become redefined. One of the reasons for all these is the ever-growing population of the world. As of today, the world’s population is approximately 8 billion compared to 1900s 1.6 billion. Decentralized finance (DeFi) Recently, DeFi has become a critical topic discussed every day in finance and now in the crypto space. So what exactly is decentralized finance? And how...

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