Author: Jeremy Ryan

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should consider when choosing a consensus mechanism and why they can…

Nouns DAO executed a so-called fork last month following disgruntlement with the DAO’s freewheeling spending habits. After a proposal went live which would force Nouns to keep spending its treasury, the DAO forked a second time. Nouns DAO, which mints one NFT every day and uses the funds to advertise the project, instituted forking in May as a form of minority protection. So far, 62 Nouns, or about 20% of treasury’s holdings, have joined the fork, which finalizes Wednesday morning. The early outflows totaled 2035.49 ether, worth around $3.2 million at the time of writing, and will add to the…

In a questionable turn of events, a CrypToadz NFT — typically marked with a price tag of around $1,000 — switched hands on OpenSea yesterday for a mighty $1.6 million (1,055 WETH), leading the secondary marketplace to generate $40,000 on the 2.5% transaction fee.Many NFT enthusiasts are scratching their heads concerning this transaction. Just a fortnight prior to its record-breaking sale, the CrypToadz NFT was acquired for $1,600 (0.95 ETH). The question echoing throughout the crypto sphere is, “Why?” — why would someone purchase an asset for nearly 1,000 times more than its initial cost with no apparent reason for doing so? Source: OpenSeaSpeculations…

As more layer-2 solutions emerge, Ethereum is losing its dominance as the main network for on-chain activities. Activity across layer-2 networks is booming as transactions on these products accounted for more than 60% of all Ethereum activity in Q3, 2023. According to data from Messari, Coinbase’s Base network in a moment was doing “more transactions than Ethereum Mainnet.” You might also like: As per Messari’s calculations, other layer-2 networks saw a lot of growth over the past quarter as well, with Optimism seeing a 40% increase in transactions. However, this surge of activity also had side effects for the others:…

Spencer Ventures is set to acquire 144 Pudgy Penguin NFTs from the art collection of the now-defunct crypto hedge fund Three Arrows Capital. The institutionally backed venture capital fund struck a deal a few weeks ago priced in the “mid six figures” with Sotheby’s, the art auction house responsible for selling off 3AC’s NFT portfolio. Spencer Ventures will receive 48 Pudgy Penguin NFTs, visible in the Sotheby’s wallet. One of them has the ultra-rare ice crown, and the best offer for that collectible on OpenSea is 6.6 wrapped ether, or nearly $10,500. Also included in the purchase are 48 Pudgy…

SubQuery, a prominent blockchain developer, just announced its full integration of zkSync Era. Developers in the zkSync Era deserve credit for integrating SubQuery’s improved data indexing. This integration could boost workflow, efficiency, and blockchain adoption. SubQuery Offers Comprehensive Indexing Solutions for zkSync Era Advanced Ethereum layer-2 scaling solution zkSync Era uses ZK-rollup technology. This unique solution enhances transaction efficiency, cost-efficiency, and security, overcoming significant blockchain technology challenges. Developers using zkSync Era can use SubQuery’s adaptive, fast, open, and decentralized data indexing solution. This integration gives blockchain developers tools to manage and query on-chain data for protocols and apps. SubQuery simplifies…

The TRON dataset has been added to Google Cloud’s expanding roster of public blockchain datasets available in BigQuery. Google Cloud’s BigQuery is a fully-managed, serverless data warehouse that enables fast SQL queries using the processing power of Google’s infrastructure. It allows users to analyze large datasets in real-time by leveraging the power of Google Cloud’s infrastructure and machine learning capabilities. As part of its extensive suite of tools, BigQuery provides seamless integration with various data visualization tools and easy data importing from multiple sources. Over the years, this endeavor has consistently adapted to cater to the dynamic needs of the…

In a significant move towards advancing blockchain interoperability, CelerNetwork has announced its latest integration with Ocean Protocol’s OCEAN on the Oasis Sapphire mainnet. The announcement was made via a tweet from CelerNetwork, stating, “Celer cBridge is excited to announce that we now support Ocean Protocol’s OCEAN! Users are now able to bridge OCEAN between Ethereum and Oasis Protocol’s Sapphire mainnet to help facilitate Ocean Protocol’s Predictoor on Oasis Sapphire!” CelerNetwork, known for its blockchain interoperability solutions, has been at the forefront of enabling a seamless user experience across various blockchain ecosystems. With the integration of Ocean Protocol’s OCEAN, users will…

It’s time to mark your calendars. Ecosapiens is bringing more collectibles to life while on its mission to save the planet. Following its unique carbon-offsetting Web3 initiative, it’s dropping a free batch of the world’s first climate comic NFTs exclusively on the Polygon blockchain, ‘Leosapien’, on October 12. Within the virtual pages of Leosapien, collectors will encounter different rarities, each telling a similar story but with unique essences and values. A limited release encompasses 500 ‘Ultra Rare’ collectibles, each granting 10,000 EcoPoints, whereas 100 ‘Special’ NFTs each provide 1,000 EcoPoints. Additionally, an endless stash of ‘Common’ digital assets, each awarding 100 EcoPoints, will…

Blockchain technology ensures fair gaming through the use of Random Number Generators. The global online gambling market size was valued at $63.53bn in 2022. The online gambling market is projected to reach $95.05bn in 2023 according to data by Statista. The world of online gaming, often referred to as iGaming, has undergone a remarkable evolution thanks to the integration of blockchain technology. Blockchain technology, hailed for its decentralized nature, has revolutionized online transactions in the iGaming sector. This transformation begins with the fundamental shift from traditional payment methods to cryptocurrencies, which has made gaming more inclusive than ever before. Secure…