Interoperability

Wormhole 2.0 Mainnet Launch Links Smart Contracts

Source Node: https://beincrypto.com/wormhole-2-0-mainnet-launch-links-smart-contracts/
Time Stamp: August 11, 2021 11:00 AM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Wormhole, a Solana Labs-backed multichain connector, launched its mainnet. This new protocol aims to bring the key issue of interoperability to the forefront of the DeFi conversation. Sponsored Sponsored In a world increasingly open to innovation and fast-paced development, communication is of the utmost importance. That’s the ethos of the multichain connector Wormhole. The company intends to use its technology to make communication between different blockchains effortless.  Wormhole’s technology makes it possible for funds, votes, programs, and any other transferable information to effortlessly pass from one blockchain to the next.

Flare Network Review: Smart Contract Network For XRP

Source Node: https://www.coinbureau.com/review/flare-spark-flr/
Time Stamp: December 26, 2020 11:08 PM - Modified On: May 21, 2021 - Published By:
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As the third largest cryptocurrency most people familiar with the space have heard about Ripple and they understand that it is a global payment and foreign exchange network that was designed to replace the outdated SWIFT banking network. And while it works great for that specific use case, otherwise it has shown limited usefulness in other functions.That might all be fixed however as the Flare Network has been created with the goal of improving the utility of XRP tokens by creating a network with smart contract capability for the XRP

Why Trust, Openness, and Interoperability Are Vital to Data Exchange

Source Node: https://beincrypto.com/why-trust-openness-and-interoperability-are-vital-to-data-exchange/
Time Stamp: December 26, 2020 5:10 AM - Modified On: May 21, 2021 - Published By:
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Things are changing rapidly and there is a significant rise in demand for decentralized data solutions. How do decentralized data solutions work? How effective are they? In which business instances can they help? Decentralized data protocols and marketplaces give individuals and enterprises the opportunity to monetize their data in a way that is safe and compliant. Through blockchain technology, information is traceable and verifiable via its decentralized application archive. Data that flows through its decentralized archive is immutable and cannot be changed, allowing for increased control both within and between

Staking for Waves’ Neutrino Dollars Comes to the Ethereum Network

Source Node: https://cointelegraph.com/news/staking-for-waves-neutrino-dollars-comes-to-the-ethereum-network
Time Stamp: August 18, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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The Neutrino protocol, a price-stable multi-asset protocol running on major blockchain platform Waves, is introducing the Neutrino dollar (USDN) on Ethereum.The Neutrino dollar, an algorithmic stablecoin collateralized by the Waves (WAVES) native token, is now available for all Ethereum users as the token has been ported to the Ethereum blockchain, Waves announced on Aug. 18.With the porting, Neutrino USD becomes accessible on Ethereum, enabling Ethereum users to stake rewards by just holding USDN in their Ethereum wallets, Waves CEO and founder Alexander Ivanov told Cointelegraph. The new integration also allows

RenVM Guide: A Private and Interopable DeFi Platform

Source Node: https://www.asiacryptotoday.com/renvm-guide-a-private-and-interopable-defi-platform/
Time Stamp: August 15, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht

Source Node: https://cointelegraph.com/news/thailands-central-bank-eyes-defi-use-cases-for-its-digital-baht
Time Stamp: August 14, 2020 7:55 AM - Modified On: May 21, 2021 - Published By:
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Thailand’s central bank is looking at smart contracts and decentralized finance (DeFi) implementations for its national digital currency, the digital baht.Vijak Sethaput, senior developer for the Bank of Thailand’s (BoT) central bank digital currency project Inthanon, discussed the country’s CBDC progress in an interview hosted by a global think tank for central banking, the Official Monetary and Financial Institutions Forum, on Aug. 13.Sethaput was joined by Sky Guo, CEO of New York-based enterprise blockchain firm Cypherium, which is focused on global CBDC implementations and interoperability.In the interview, Guo said that

What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
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Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Polkadot Reveals Details of Upcoming DOT Redenomination

Source Node: https://bitcoinist.com/polkadot-reveals-details-of-upcoming-dot-redenomination/?utm_source=rss&utm_medium=rss&utm_campaign=polkadot-reveals-details-of-upcoming-dot-redenomination
Time Stamp: August 12, 2020 8:17 AM - Modified On: May 21, 2021 - Published By:
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Blockchain interoperability platform, Polkadot has released details of its upcoming Denomination Day, when native DOT tokens will undergo a redenomination. On August 21, at block number 1,248,328, new DOT tokens will be 100 times smaller than before, with user balances correspondingly showing as 100x higher and the price lowering by the same multiplier. DENOMINATION DAY: On August 21st at approximately 13:15 UTC (block number 1,248,328), DOT tokens will undergo a redenomination from the original sale. 𝘕𝘦𝘸 𝘋𝘖𝘛 will be 100x smaller than DOT (old). Therefore, your balance will be 100x

USDA Proposes Blockchain Ledger for Organic Product Supply Chain

Source Node: https://cointelegraph.com/news/usda-proposes-blockchain-ledger-for-organic-product-supply-chain
Time Stamp: August 10, 2020 8:55 PM - Modified On: May 21, 2021 - Published By:
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The U.S. Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain.According to an Aug. 5 report from the U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS), the agency said it expects electronic tracking systems, including digital ledger technology (DLT), will play an “essential role” in the traceability of its supply chain of organic products.“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains,” the report stated. “Critically, DLT can also