Blockchain
Polkadot Maintains Developer Growth With Strong Q2 Metrics
Zug, Switzerland–(Newsfile Corp. – July 15, 2022) – POLKADOT, the multichain network and open platform for secure Web3 innovation, has hit a number of impressive adoption milestones. It is actively demonstrating sustained momentum and community support despite the current industry-wide downtrend.
Polkadot Developer Activity
The report adds: “During the second quarter of 2022, strong developer activity has been Polkadot’s plus point. As observed in available data, developer activity scored an average of 11,000 developer activity events per month. Evidently, Polkadot’s developer activity remains among the strongest in the crypto market.”
The Messari report concluded: “Despite a brutal macro-environment, Polkadot’s on-chain activity was consistent quarter over quarter. During Q2 2022, Polkadot had roughly 435,000 users.
“Concurrently, foundational KPIs held steady with a healthy validator distribution by total stake, strong developer activity, and seven additional parachains onboarded.”
Continued innovations include XCM rollout
Meanwhile, XCM, Polkadot’s cross-consensus messaging and data transfer standard, has reached a stage whereby the network’s various parachains can integrate with each other easily and with confidence, developing use cases and creating real-life solutions.
This radical interoperability technology has seen rapid adoption since its launch on May 4th. Parachain teams have already opened 111 messaging channels between themselves, sending approximately 10,000 messages per month.
Substrate Marketplace launched
A new hub for the “pallets” or modular building blocks that allow builders in the Polkadot or Kusama ecosystems to easily design their bespoke blockchains has gone live on the Substrate website.
In addition to the open-source pallets natively included with Polkadot’s Substrate blockchain framework, developers can now browse those developed by the community and offered up under various open-source licenses, with nearly 100 available at launch.
Governance changes in the pipeline
Co-founder Dr. Gavin Wood has announced a ground-breaking new governance process, intended to promote more agile and democratic decision-making. It will remove elected bodies such as the Polkadot Council and Technical Committee and dramatically increase the potential number of collective decisions on the blockchain.
Intelligent Staking
An advanced active learning algorithm now provides individual recommendations to nominators in Polkadot’s staking system, and is based on the first scientific studies ever funded by the Polkadot Treasury.
——————————————————————————————–
About Polkadot
Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fuelling innovation, growing the decentralized technology space, and bringing the Web3 vision to life.
About Web3 Foundation
Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation’s flagship project. For more information, visit web3.foundation.
Media Contact:
Ursula O’Kuinghttons
Director of Communications and Partnerships, Web3 Foundation
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130919
Blockchain
Decentralized science can be the next big thing for blockchain utilization
Decentralized science leverages blockchain’s decentralized ledger technology to address common challenges faced by researchers, including data integrity, reproducibility, and collaboration. By recording scientific data and research findings on a tamper-proof blockchain, researchers can ensure the integrity and authenticity of their work, reducing the risk of data manipulation or fraud.
Moreover, blockchain enables transparent and traceable peer review processes, allowing researchers to validate and verify each other’s work more effectively. This enhances the credibility and reliability of scientific publications, fostering trust within the scientific community and among the general public.
Blockchain-based platforms also facilitate greater collaboration and knowledge sharing among researchers, breaking down traditional barriers to access and enabling interdisciplinary collaboration. Through decentralized science platforms, researchers can securely share data, resources, and expertise, accelerating the pace of scientific discovery and innovation.
Despite its potential benefits, decentralized science still faces challenges, including regulatory uncertainties, technological barriers, and resistance to change within the scientific community. However, as blockchain technology continues to evolve and gain acceptance, decentralized science is poised to emerge as a transformative force in scientific research and collaboration.
Source: cointelegraph.com
The post Decentralized science can be the next big thing for blockchain utilization appeared first on HIPTHER Alerts.
Blockchain
How blockchain-based voting can restore trust in the electoral process
In this article we’re discussing the potential of blockchain-based voting systems to rebuild trust in electoral processes. These systems leverage blockchain technology’s transparency and immutability to address concerns surrounding election integrity and voter fraud.
Blockchain-based voting solutions offer several advantages over traditional methods, including increased transparency, security, and accessibility. By recording votes on a decentralized ledger, blockchain ensures that each vote is securely stored and tamper-proof, reducing the risk of manipulation or fraud.
Moreover, blockchain-based voting systems can enhance voter participation by providing greater accessibility to remote and disenfranchised populations. Through secure digital platforms, voters can cast their ballots from anywhere, reducing barriers to participation and promoting inclusivity.
Despite the potential benefits, the adoption of blockchain-based voting systems faces challenges, including regulatory hurdles and technological limitations. Governments and electoral authorities must navigate these obstacles to implement effective and trustworthy voting solutions.
Overall, the article highlights the transformative potential of blockchain technology in restoring trust and integrity to electoral processes. By embracing innovative voting systems built on blockchain, societies can uphold democratic principles and ensure fair and transparent elections.
Source: tradingview.com
The post How blockchain-based voting can restore trust in the electoral process appeared first on HIPTHER Alerts.
Blockchain
Binance Integrates USD Coin (USDC) on CELO Network
Binance has announced the integration of USD Coin (USDC) onto the Celo network, marking a significant step forward in expanding the utility and accessibility of USDC within the cryptocurrency ecosystem.
This integration enables users to seamlessly transfer USDC tokens across the Celo network, leveraging its high-speed and low-cost transactions. By integrating USDC on Celo, Binance aims to enhance the interoperability and accessibility of USDC, making it easier for users to engage with decentralized finance (DeFi) applications and access financial services on the Celo network.
USDC is a stablecoin pegged to the US dollar, offering users a reliable and transparent means of transacting value on the blockchain. With its integration on the Celo network, USDC gains access to Celo’s ecosystem of decentralized applications (DApps) and services, further expanding its utility and adoption.
The collaboration between Binance, USDC, and Celo underscores the growing importance of interoperability and cross-chain compatibility within the cryptocurrency space. By leveraging the strengths of each network, users can benefit from enhanced liquidity, accessibility, and functionality when using USDC on the Celo network.
Overall, the integration of USDC on the Celo network represents a significant milestone in advancing the capabilities of stablecoins and decentralized finance, providing users with greater flexibility and choice in managing their digital assets.
Source: blockchain.news
The post Binance Integrates USD Coin (USDC) on CELO Network appeared first on HIPTHER Alerts.
-
Blockchain Press Releases7 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain6 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases6 days ago
DWF Labs joins the Klaytn Governance Council
-
Blockchain Press Releases2 days ago
DeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain6 days ago
Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest
-
Blockchain6 days ago
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing