Proof-of-stake

NEM Brings Together the Best of a Community-Led Public Chain and an Enterprise-Focused Private Network

The massively popular public blockchain network NEM has been diligently working to expand into the enterprise solutions ecosystem since 2017. Soon this year, NEM will release Symbol, an enterprise-ready blockchain network. This is a significant move on NEM’s part as the team has always focussed on the utility-centric aspect of blockchain technology. NEM’s NIS1 blockchain has many firsts to its credit. It was one of the distributed ledgers to enable the proof-of-stake consensus mechanism. NIS1 also introduced the concept of non-fungible assets, supply chain applications for luxury products, and in-built

Bifrost: Polkadot’s Parachain for Staking Liquidity

Bifrost is a Polkadot parachain designed to support its PoS ecosystem that covers staking and liquidity. Today, there are several projects on the decentralized finance (DeFi) space aiming to provide liquidity mining options. This has led to a competition among different DeFi products built on the Ethereum blockchain. While it can be considered an ideal situation for now, the question that remains is if they can still continue their gains on an updated version of the Ethereum chain or the Polkadot’s new consensus framework. To solve this problem, Bifrost was

A Guide to Persistence Protocol $XPRT

The missing link between decentralized finance (DeFi) and centralized finance (CeFi) is that the former interacts only with cryptocurrencies such as Tether (USDT) and Bitcoin (BTC). In contrast, conventional finance mostly deals with fiat. Although it’s easy to convert fiat to crypto, using real-world assets as collateral on DeFi platforms is not. What if there was a way to use real-world assets as collateral on these platforms? This is what the Persistence Protocol is trying to achieve. This platform allows the use of tangible assets to access loans and returns

Vitalik Buterin reveals why a 51% attack on ETH 2.0 ‘would not be fatal’

Ethereum co-founder Vitalik Buterin has dismissed concerns that a 51% attack on Ethereum 2.0 would be ‘fatal’. The scenario emerged as a result of the burgeoning popularity of Yearn.finance’s yETH vault which has already amassed more than 137,000 ETH on its first day. Arcane Assets’ Chief Intelligence Officer Eric Wall suggested this mean the yETH vault admins will probably end up controlling enough Ether to theoretically launch an attack on Ethereum 2.0:ITT: We come up with fun ways yETH vault strategists can take advantage of the fact that yETH is probably