Blockchain
L1 Blockchain Aptos Sets New Transaction Record, Surpassing Solana with 115.4M Daily Transactions
Aptos, a layer-1 blockchain platform developed by former Facebook employees, has set a new record for blockchain transactions. On May 25, Aptos surpassed Solana by recording an astounding 115.4 million transactions in a single day, significantly exceeding Solana’s 31.7 million, as reported by Aptoscan.
This surge in transaction volume not only shattered previous records but also surpassed the previous L1 record of over 65 million transactions held by Sui Network by more than 50 million.
The exponential growth in transactional activity on Aptos underscores the platform’s increasing adoption and the overall momentum within the industry. Data from Aptoscan indicated that the blockchain’s user transactions per second (TPS) reached an all-time high of 32,000 on the same day. This highlights a significant increase in activity within the blockchain ecosystem, showcasing the platform’s scalability and robustness.
The recent surge in transactional activity on Aptos can be attributed to the launch of Tapos Cat, an innovative tap-to-earn game that quickly gained popularity. On its first day on the mainnet, Tapos Cat processed a staggering 10 million transactions, substantially contributing to the increased activity on the platform. Tapos Cat allows users to earn $HEART tokens by ‘tickling’ a virtual cat, encouraging frequent transactions within the game. Additionally, the game offers a gas-fee-free experience for the first 72 hours, incentivizing players to engage without incurring additional costs.
Criticism of Tapos Cat’s Long-Term Viability
Despite the impressive numbers, critics, including the CEO of Helius Labs, have questioned the long-term viability and practical utility of Tapos Cat. They argue that the game’s emphasis on click-and-buy interactions may artificially inflate metrics without genuinely meeting user needs.
However, proponents of Aptos argue that Tapos Cat serves as a crucial engineering project, demonstrating the scalability and robustness of the Aptos network and paving the way for future developments.
Recent Developments and Collaborations
In a move to strengthen its ecosystem, the Aptos Labs team recently introduced a group of global advisers, including David Lawee, former vice president of corporate development at Google. Additionally, Aptos Labs has partnered with Atomrigs Lab to announce plans for the launch of T Wallet, a Web3 wallet service, in collaboration with South Korean telecommunications operator SK Telecom (SKT).
Solana Among Fastest Blockchains
Solana remains one of the fastest large blockchains, processing a staggering 91 million transactions in a single day. On April 6, during the memecoin frenzy, Solana achieved a record-breaking daily average of 1,504 transactions per second (TPS). This makes Solana 46 times faster than Ethereum and over 5 times faster than Polygon, which has the highest TPS among Ethereum scaling solutions. Despite these impressive speeds, Solana has only reached 1.6% of its theoretical maximum speed of 65,000 TPS.
It is noteworthy that Ethereum scaling solutions and layer 2 solutions have yet to surpass other layer 1 blockchains in real processing speed. This slower realized TPS for Ethereum scaling solutions may be attributed to the lower number of on-chain transactions.
Source: cryptonews.com
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Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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