EY 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.
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 centralized app reached 10 million verified accounts while critics contend it doesn’t benefit users.
4432CEO Jeffrey Edell laid out a six-point plan for social media companies planning the transition to blockchain.
546NASA has turned to Web3 tech, such as the metaverse, as well as virtual reality, to train astronauts to live in space.
557Kraken Wallet will initially support coins, tokens, NFTs and DeFi assets on eight blockchains.
944Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.
1967Worldcoin introduces World Chain, a new blockchain initiative designed to prioritize human users, enhance efficiency and foster real-world utility in Web3 applications.
9988Web3 advertising platform Addressable is tapping into AppsFlyer’s mobile analytics to improve marketing for mobile applications.
352A Web3 competitor to the popular Oura wellness ring is making personalized health insights and AI coaching possible through user-owned, monetizable data.
6576BytePlus is partnering with Mysten Labs to integrate advanced AI algorithms and data warehousing technology into the Sui blockchain ecosystem.
1382The Token2049 conference kicks off on April 18 in Dubai, and it's sure to be one to remember.
1970Memecoin mania has swept crypto, particularly Solana, and SideShift founder Andreas Brekken weights on whether they are overall positive or negative for crypto.
1687The number of Web3 venture capitalist deals also rose 36% in the first quarter of 2024, indicating wider interest in Web3 protocols.
3468The suspension of Ten&Ten’s Travel Rule Solution service led to Upbit halting deposits and withdrawals exceeding the equivalent of $721.
1122Tether CEO Paolo Ardoino says adding new players to the stablecoin landscape is crucial to increasing legitimacy in the eyes of regulators.
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