Blockchain & crypto news from India
The private keys are confidential stings of text to access a cryptocurrency wallet. Until now, losing private keys meant losing access to one’s Ethereum account and its funds. A new tool called “Account Abstraction” has been launched by Ethereum that will allow an owner to recover their ETH in the absence of private keys. Referred…
The blocks on bitcoin blockchain have consistently begun to breach the 3MB size. The first time this occurred was on February 1, 2023. Bitcoin.com reports that history was made this day when the mining pool Luxor became the first to mine block #774,628 with a size of 3.96MB, the largest so far. Bitcoin blocks are…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
Hit hard by the FTX collapse, Solana’s woes continue as two of its top NFT collections have decided to move to rival chains. Solana has been the second choice after the natural Ethereum for NFT projects, but things are taking a turn. DeGods (created by y00ts founder) and Magic Eden will soon bridge their way…
Eric Jardine talks about how thieves were able to profit on the changeover of the second-largest blockchain and how $2 million in ether was taken. According to Eric Jardine, the cybercrimes research lead at Chainalysis, there were about $2 million worth of frauds prior to, during, and following Ethereum’s Merge, the blockchain’s switch from a…
After Amazon’s AWS service taking a good share of blockchain operation by running a significant number of Ethereum nodes, Google Cloud too entered the node hosting space. The Blockchain Node Engine will be a fully-managed node hosting service that will support Web3 development beginning with Ethereum. Web3 has become the buzz word for 2022 after…
Created as a currency without any centralized control or regulation in the aftermath of the 2008 downturn, Bitcoin has entered the Guinness Book of World Records. The entry in the renowned repository of world records and firsts, the entry for Bitcoin is title ‘First decentralized cryptocurrency’. The creator is credited as Satoshi Nakamoto, location is…
Patrick Hansen, a Circle Policy Advisor, has tweeted information about a European Union Commission tender to create “embedded supervision” of decentralized finance (DeFi) on the Ethereum network. The estimated tender amount is €250,000 ($242,600), and the study’s completion time is 15 months. The EU wants to collect information about Ethereum DeFi Details of the study…
September 15, 2022, marks a watershed event in blockchain history. After eight years of study, debate and development, Ethereum seamlessly migrated to the Proof of Stake (PoS) model. The Ethereum blockchain is now energy-efficient and is no longer a threat to the earth. Ethereum’s energy consumption is projected to decrease by a whopping 99.95%. Will…
In the new world of Ethereum 2.0, there are no more stacks of GPU rigs and meshes of wires burning costly coal and oil. Proof of work still is the engine behind bitcoin, but Ethereum, which also promises to be the global computer of the world, is now cleaner, quieter and smarter. What makes POS…