Category: chain

Polkadot envisions Web3 disruption with multiple parachain launches

Polkadot envisions Web3 disruption with multiple parachain launches

The Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions. 6972 Total views 40 Total shares Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains.  According to the announcement, the Polkadot team invested […]

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Synapse Bridge prevents $8M USD hack

Synapse Bridge prevents $8M USD hack

Network validators were able to identify unusual activity in the platform’s AMM metapools and prevent the fraudulent transaction. 1754 Total views 5 Total shares Cross-chain protocols are continuing to face challenges, with Synapse Bridge narrowly averting a multi-million exploit. On Nov. 7, Synapse Bridge announced on Discord they had prevented a hacker from draining approximately […]

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Reddit to reportedly tokenize karma points and onboard 500M new users

Reddit to reportedly tokenize karma points and onboard 500M new users

Reddit engineer, Rahul, highlights the social media platform’s efforts to improve user interaction through various cryptocurrency initiatives. 404 Total views 8 Total shares American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. […]

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Rangers Protocol launches Ethereum Virtual Machine-compatible testnet

Rangers Protocol launches Ethereum Virtual Machine-compatible testnet

The project is branding its testnet as useful to “new developers without blockchain background knowledge.” 2646 Total views 6 Total shares The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability. In a Friday announcement, the Rangers Protocol said it had successfully migrated […]

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