Transaction fees will play an important role in keeping Bitcoin miners afloat after the halving as the subsidy for mining a block is set to fall from 6.25 BTC to 3.125 BTC.
Blockchain News
Blockchains are the critical infrastructure underlying cryptocurrencies. The common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record among a network of peers all operating under a certain set of rules enforced through the software itself. This record is owned and operated in common by anyone anywhere.
While research in shared ledger technology goes back decades, the arrival of the Bitcoin blockchain introduced the first distributed ledger technology that was thoroughly decentralized and resistant to censorship, seizure and collusion.
Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system — i.e., it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. The use cases are wide-ranging, from finance and energy trading to supply chain management.
At Cointelegraph, we are chronicling the evolving blockchain industry. Is it revolutionary or overhyped? Or both? Will it become the solution to securing trust in finance and global trade? What will be the rate of blockchain transactions in the coming years?
Stay tuned to find out.
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The airdrop was announced one year after Avail was spun-off from Polygon Labs.
2494The team’s first game, PlanetQuest, has reportedly onboarded over 200,000 NFT holders.
1100Blockchain-driven robots served coffee with a side of crypto incentives at Token2049 in Dubai in a bid to revolutionize our relationship with automation.
1768Oladotun Akangbe, the chief marketing officer of Flincap, stated controversies in the Nigerian crypto space are to be expected, considering the country’s growing crypto adoption.
3876Despite potential price fluctuations on different trading venues, USDP will always remain redeemable for $1 on Paxos, a spokesperson told Cointelegraph.
1746Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated to grow to $16 trillion in value.
3171Binance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.
2821Omni Network’s token price has halved just 18 hours after its test net users and some NFT holders were airdropped the token.
2643EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.
7974The centralized app reached 10 million verified accounts, but critics contend it doesn’t benefit users.
16336CEO Jeffrey Edell laid out a six-point plan for social media companies planning the transition to blockchain.
1109NASA has turned to Web3 tech, such as the metaverse, as well as virtual reality, to train astronauts to live in space.
994Kraken Wallet will initially support coins, tokens, NFTs and DeFi assets on eight blockchains.
1491Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.
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