Technology
The Future of Payroll Powered by Blockchain Technology
- The current chaotic payroll system, marked by inefficiency and delays, stands to be completely overhauled through the use of blockchain technology.
- While blockchain might not take over all computing as some claim, it definitely has clear benefits in certain scenarios, and payroll management is one of them.
July 11, 2023, 8:41 AM
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Coinbase’s Layer-2 Network Base Completes Security Audits
- Coinbase’s protocol security team and over 100 external security researchers were involved with testing the upcoming layer 2 Base blockchain over the past six months.
- The project said it has now completed four out of five criteria for Base’s mainnet launch, with the remaining one being to demonstrate “testnet stability”.
June 30, 2023, 11:26 AM
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Mysten Labs’ Layer 1 Blockchain Sui Launches on Mainnet
- Sui Network was developed by Mysten Labs, which was founded by ex-Meta employees, using the Rust-based Move programming language.
- Unlike other blockchains that use proof-of-work and proof-of-stake consensus mechanisms, Sui relies on delegated proof-of-stake that allows users to elect and vote for delegates.
May 3, 2023, 4:54 PM
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Solana to Improve Network Upgrade Process Following Last Week’s Outage
- The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network upgrade was implemented last week.
- In order to avoid similar issues in the future, one-third of Solana’s core engineers will now be focused on stability and adversarial testing.
March 1, 2023, 3:53 PM
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Nov 7, 2022
Ethereum Dapps to Appear on Solana Through Neon EVM
- Neon Labs’ Ethereum Virtual Machine (EVM) solution will be launched on 12 December, giving Ethereum-based dapps access to Solana’s scalability and liquidity.
- Neon EVM adopts the developer tools and compute layer present on Ethereum, making it easier for developers looking to expand to Solana.
Nov 4, 2022
Elrond to Focus on Metaverse Development, Rebrands as MultiversX
- Blockchain developer Elrond is switching its focus to the metaverse, and in order to reflect that has now rebranded itself as MultiversX.
- The company has also introduced three new metaverse products, which include a metaverse portal, digital assets holder, and a deployable blockchain module.
Nov 2, 2022
Singapore Completes First DeFi Pilot Using Polygon and Aave
- The Monetary Authority of Singapore successfully completed a cross-currency transaction using DeFi technology as part of its Project Guardian initiative.
- Singapore’s DBS Bank, Japan’s SBI Digital, and J.P. Morgan all participated in the trials that were conducted on the Polygon blockchain.
Oct 27, 2022
Google Cloud Launches Blockchain Node-Hosting Service
- The “Blockchain Node Engine” was designed to be a fully managed service that would help Web3 developers build and deploy new products for the blockchain.
- It features a number of security features, such as Google’s Cloud Armor that helps prevent DDos attacks from slowing down a network.
Sep 23, 2022
Cardano’s Vasil Upgrade Deployed After Months of Delays
- The long awaited Vasil upgrade had finally been activated, enabling increased network capacity, higher throughput, and lower transaction costs on Cardano.
- The upgrade gas also made significant improvements to the Plutus smart contract language, though its full capabilities will be unlocked on 27 September.
Sep 15, 2022
The Merge is Finalized, Ethereum Switches to Proof-of-Stake
- Ethereum’s PoS upgrade, also known as the Merge, was executed at 06:44 AM UTC on 15 September, combining the existing blockchain with the parallel Beacon Chain.
- The move has reduced Ethereum’s energy consumption by more than 99%, which is equal to 0.2% of the global electricity consumption.