Scalability

zkBTC, an L2 scaling solution built atop the Bitcoin (BTC) blockchain, is making waves across the global Bitcoin community with its recent announcement of a $100,000 prize pool for participants at the 2024 Bitcoin Olympics Hackathon. This initiative aims to advance Bitcoin ecosystem development, improve scalability, and showcase zkBTC's technical expertise. Supported by incubation firm Lunar Digital Assets, the project is committed to scaling Bitcoin while preserving its core principles of decentralization and trustlessness. Moreover, zkBTC is forming strategic alliances…

The Hedera Foundation has launched two pilot Request for Proposals (RFPs) aimed at addressing specific ecosystem needs, inviting global developers to apply for grants. The initiative aims to enhance transparency and collaboration, providing up to 10 million HBAR in support, to accelerate the growth and development of the Hedera ecosystem. On Thursday, July 11, the HBAR Foundation announced its pilot Request for Proposal (RFP) to deliver a more transparent and community-supported element to grant giving. Hedera stated that they are…

IOTA’s infrastructure ensures robust data security through advanced cryptography and offers high network scalability to handle numerous participants and transactions, which is essential for businesses. IOTA is driving the transformation of the global digital economy by providing a scalable, decentralized infrastructure based on the IOTA Tangle. The global digital economy of the near future presents both exciting opportunities and significant challenges. As technological revolutions reshape the landscape, new business models and job creation avenues are emerging. IOTA is at the…

Cardano has achieved significant milestones in scalability, interoperability, and governance through its various phases from Byron to Voltaire. Charles Hoskinson emphasizes Cardano’s global impact and transformative mission over asset prices and market speculation. Cardano founder Charles Hoskinson recently highlighted the broader mission of the project in a YouTube video, emphasizing the transformative global impacts over mere asset prices. He underscored that Cardano is not just his project but a venture aimed at making a positive change worldwide. Despite nearing significant…

Tezos X introduces a scalable, cloud-like blockchain with a unique “modu-lithic” design for enhanced performance and interoperability. Tezos X promotes seamless interaction among apps, integrates various programming environments, and supports efficient smart contract execution. Tezos has made a huge stride forward in blockchain technology with the release of Tezos X, a scalable, cloud-like backend that can serve a variety of applications. The greatest aspects of modular and monolithic blockchain architectures are combined in this ground-breaking platform to create a “modu-lithic”…

HANGZHOU, 中国, June 22nd, 2024, Chainwire In a groundbreaking analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), spotlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos leverages its innovative Layer-1 blockchain and RGB++ protocol to address critical scalability and programmability challenges within the Bitcoin ecosystem. According to the report, Nervos Network not only expands on Bitcoin’s fundamental technologies but also introduces significant improvements with its Cell Model…

Mintlayer, a Layer-2 protocol linked to Bitcoin and decentralized finance (DeFi), announced its partnership with Salus, a Web3 security services platform, to develop Thunder Network, a Layer-3 solution built on BTC. The new network promises scalability, improved privacy, and faster transaction speeds. Thunder Network will allow to use Ethereum Virtual Machine (EVM) capabilities in a Bitcoin-connected application. Developers will also be able to create decentralized applications (DApps). Mintlayer and Salus Will develop “Thunder Network” On L3 The partnership marks a…

Since its inception in 2008, blockchain technology has been a revolutionary force in the way we store, transfer, and verify digital information. The global blockchain technology market is expected to grow exponentially, from US$ 19.7 billion in 2024 to US$ 2,450.4 billion by the end of 2034, with a compound annual growth rate (CAGR) of 62%.  However, the industry has faced significant challenges in scalability, interoperability, and user-friendliness, which have impeded widespread adoption and slowed the progress of blockchain-based solutions…

The post RCO Finance (RCOF) Challenges Solana: Which is the Best in Scalability and Speed? appeared first on Coinpedia Fintech News Despite Solana’s downward trend, RCO Finance (RCOF) offers promising investment opportunities to make profits and diversify their portfolios. Over the past seven days, Solana’s (SOL) value has dipped by about 5.6%.  This decline can be attributed to a massive sell-off, with many Solana (SOL) holders pulling out their profits and shifting to promising opportunities. Rather than wait for green…