–> UPDATED: May 14, 2024, 9:40AM EDT Zero-knowledge project Hylé raised $2.6 million in fresh financing led by the venture firm Framework Ventures. Cherry Crypto, Fabric Ventures, First Capital and Heartcore Capital also participated in the round. Hylé’s total initial funding to date is $3.4 million, with an additional $1.5 …
polygon
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The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s …
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Former Polygon Labs Head of DeFi Jack Melnick joins Layer 1 developer Berachain in same role
by MK Manoylovby MK ManoylovJack Melnick, former head of decentralized finance (DeFi) for Polygon Labs, has joined the Layer 1 developer Berachain in the same position. Melnick started his position at Berachain on Monday. He had served as Polygon Labs’ Head of DeFi since January 2023. “For those who don’t know me — I’ve …
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If bearish pressure mounts, MATIC is expected to continue its ongoing downtrend, which might send it below $0.65. Polygon Battles Low Demand MATIC trades at $0.67 at the time of writing, logging a 13% price decline in the last month. The drop in the price of the altcoin is due …
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–> UPDATED: May 13, 2024, 6:48AM EDT Synthetix co-founder Kain Warwick has released Infinex, a front-end site that unifies decentralized finance applications into a single user-friendly layer. The launch features what is called the Infinex Account, with a user waitlist process beginning today. The objective of Infinex will be to …
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Despite recent challenges, the altcoin market cap has increased by 24% year-to-date and 167% over the past year. The market’s resiliency indicates it is consolidating but poised for fresh highs. Here are some altcoins and projects that could make you rich this season! Top Altcoins You Need To Know! A …
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Speaking at the 27th Annual Milken Institute Global Conference in California, Johnson expressed her enthusiasm for blockchain’s potential, especially in tokenizing real-world assets. Jenny Johnson Believes Mutual Funds and ETFs Will Soon Come On-Chain During her conversation with Bloomberg, Johnson emphasized Franklin Templeton’s innovative approach to utilizing blockchain technology. She …
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This strategic move allows SHIB holders to purchase products from major brands like Nike and book services like Airbnb. Shiba Inu Price Consolidates Despite Growing Adoption The payment gateway CoinGate acts as a link between crypto and traditional finance, facilitating digital asset transactions for goods and services. The inclusion of …
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The Celo community voted Friday to approve using Optimism’s OP Stack technology for migrating its current standalone blockchain over to a layer-2 network atop Ethereum. The vote, officially proposed May 3 passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure, with two …
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Top Five Layer 1 Chains Vs. Top Five Layer 2 Chains: A Comparative Analysis
by Vignesh S Gby Vignesh S GBlockchain technology has evolved rapidly, with Layer 1 and Layer 2 chains offering distinct benefits. Layer 1 chains like Bitcoin and Ethereum are foundational, providing strong security and decentralisation. On the other hand, Layer 2 chains like Polygon focus on scalability, enabling faster and cheaper transactions. This article explores the …