Tagged: Decentralized Applications

DeFi Platform MANTRA DAO to Serve As a Masternode Operator for TomoChain, a Blockchain Claiming to Scale to 100x Ethereum’s Capacity

MANTRA DAO (distributed autonomous organization), a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, is teaming up with the developers of TomoChain, which describes itself as a “diversified and robust” DeFi ecosystem. MANTRA DAO… Read More

Matic, which Supports Secure, Instant Crypto Transactions, Verified by Ethereum, Announces Major Updates

Matic, a platform that aims to facilitate secure, scalable, and instant transactions that are verified by the Ethereum (ETH) blockchain network, has announced new project updates. The Matic developers claim that their project has been making steady progress after it was introduced via Binance Launchpad… Read More

Kyber Network, a Decentralized Ethereum Token Exchange Protocol, Reports Challenges Due to High ETH Gas Fees

The team at Kyber Network (KNC), which allows users to exchange Ethereum (ETH) and other ERC-20 compliant tokens in a decentralized manner, recently announced several updates to their protocol and platform. The Kyber Network team noted in a blog post: “What a crazy few weeks… Read More

DAML Smart Contract Programming Language to be Integrated with China’s Blockchain Service Network

Red Date Technology and Digital Asset (the company) have reportedly entered an agreement that involves integrating DAML smart contract tech with China’s Blockchain Services Network (BSN). DAML, which is a blockchain “agnostic” smart contract programming language created by the company Digital Asset, will serve as… Read More

Over 6 Million Decentralized Application or dApp related Transactions Now Recorded on Ontology Blockchain

The developers of Ontology (ONT), a “high-performance” or high-throughput blockchain platform for creating enterprise-grade applications, have revealed that Wing, the very first credit-based decentralized finance (DeFi) project, based on the Ontology blockchain, published its first whitepaper. The Wing platform is integrated with Ontology’s decentralized identity… Read More

Binance Launches New “Smart” Blockchain to Run Alongside Existing Binance Chain Network to Meet Increased Demand from DeFi Apps

Binance, the world’s largest cryptocurrency exchange, has launched a “Smart Chain.” As explained by Binance, the new chain will run parallel or alongside its other blockchain network, Binance Chain. Binance Chain will be used to issue smart contracts and manage the staking mechanism for BNB… Read More

IRISnet’s “Internet of Blockchains” to Launch Decentralized Finance and Interchain Bifrost Testnet on Sep 2, 2020

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has revealed that its decentralized finance (DeFi) and interchain Bifrost testnet are scheduled to go live on September 2, 2020. The platform’s new testing environment will check the “unique” DeFi features… Read More

Over 650 Full, Block-Generating Transaction Validators Now Active on Avalanche’s Mainnet Release Candidate, Everest

The Avalanche team, which develops blockchain-powered apps including those involving decentralized finance or DeFi, claims that its mainnet release candidate, called Everest, has been “outstanding thus far.” The Avalanche project developers noted that over 650 full, block-generating transaction validators are taking part in activity on… Read More

DeFi: Four New Technology Solutions Developed by Radix to Assist with Creating Decentralized Finance Apps

Radix DLT Ltd, the developer of a “high-throughput” or high-performance protocol for creating decentralized applications (dApps), crypto, or blockchain-based tokens and coins, reveals that it has implemented four new technology solutions that could help decentralized finance (DeFi) achieve mainstream adoption. The Radix team notes that… Read More

Qtum Foundation Announces $1 Million and “Up to” $5 Million Blockchain Grant Program to Support DeFi Developers

The Qtum Foundation, which supports the ongoing development of Qtum (QTUM) (an open-source public blockchain-enabled platform that leverages the security of UTXO while enabling several virtual machines including the Ethereum Virtual Machine), has announced a special grant program for DeFi (decentralized finance) developers. The Qtum… Read More

OKEx Claims that Bitcoin (BTC) Dominated Cryptocurrency Market Rally is Being Driven by Ethereum 2.0, DeFi

Crypto exchange OKEx notes that the recent surge in the digital asset market, which is being led by Bitcoin (BTC), the flagship cryptocurrency, has been driven by the explosive growth of the decentralized finance or DeFI ecosystem. The OKEx team confirms that Ethereum (ETH) experienced… Read More

Critical Bug Found in DeFi Protocol Yam Finance, Native Token’s Price Crashes after $500 Million was Locked on Platform, Devs Get Ready for Version 2.0

Yam Finance, a decentralized finance (DeFi) protocol, recently saw its token price come crashing down to zero within minutes on August 13, 2020. Other DeFi tokens such as Balancer, Compound, Balance, and Yearn Finance also crashed. Compound, which is the second-largest DeFi protocol, right behind… Read More

Leading DeFi Protocol Compound (COMP) Introduces its Own Permissionless, Upgradable Price Feed

Leading decentralized finance (DeFi) protocol Compound (COMP) has introduced its own permissionless (public), upgradable price feed. A price oracle is a third-party, “decentralized” feed that offers the data needed to process blockchain-based smart contracts. There are currently many Open Finance or DeFi platforms that use… Read More

The Graph Launches Incentivized Testnet, Mission Control, After Securing $5M in Funding to Decentralize the Query Layer of DeFi and Web 3.0

The Graph announced on July 27, 2020, the launch of Mission Control, which is described as The Graph’s incentivized test network (testnet). The Graph serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks. The Graph supports indexing data… Read More

Telos, the Second-Most Active Blockchain Behind EOS, Increases Staking Rewards, and Development Funding

Telos, one of the most active blockchain-based networks in terms of transactions processed per second (which isn’t always the best metric to gauge the performance of DLT platforms), announced on July 23, 2020, that it has increased its staking rewards and also allocated more funding… Read More

Open-source DLT Platform Nervos to Integrate with China’s Blockchain-based Services Network

Open-source blockchain platform Nervos announced on July 22, 2020 that it’s planning to integrate with China’s Blockchain-based Services Network (BSN). Nervos claims that it will be one of the first public blockchains to join the distributed ledger technology (DLT)-powered network. As mentioned in a release… Read More

64 Decentralized Applications Now Live on Blockchain Network Ontology, which Recently Became Google Cloud Partner

In June 2020, the Ontology (ONT) team celebrated two years since the launch of the Ontology mainnet, which aims to serve as a “high-performance” enterprise blockchain or distributed ledger technology (DLT) platform. Last month, the blockchain developers also launched Ontology 2.0, which involved the integration… Read More

$12 Billion in Decentralized Application (dApp) Transactions Processed during Q2 2020, with Ethereum (ETH) Accounting for 82% of “Created Value”: Report

Ethereum (ETH) currently stands and maintains its position as the world’s most significant blockchain despite the recent surge in gas prices (gas is used to power transactions and other forms of economic activity on Ethereum). The value or market cap of the Ethereum blockchain increased… Read More

Ethereum Compatible SKALE Network Is Now Live on Mainnet, Is Designed to Improve UX for Decentralized Applications

ConsenSys Codefi, which provides the blockchain “operating system” for running commerce and finance applications, announced in February 2020 that the SKALE Network became the first “decentralized” network to issue a token on the Activate platform. As explained in a blog post published the ConsenSys Codefi… Read More

Ethereum Compatible SKALE Network Developers to Launch Permissionless, Open-Source Mainnet on June 30, 2020

Jack O’Holleran, CEO and co-founder at SKALE Labs, a company that’s developing solutions to improve blockchain consensus mechanisms, noted that the SKALE Network will go live on June 30, 2020. The SKALE Network is an Ethereum-compatible, permissionless, open-source, “elastic” blockchain network. O’Holleran said that SKALE’s… Read More

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