Cryptocurrencies’ essential underpinning architecture is comprised of blockchains. A common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record by a network of peers acting under a set of rules imposed by the software itself. This record is publicly held and can be used by anyone, anywhere.
Despite years of study on shared ledger technology, the Bitcoin blockchain provided the first distributed ledger completely decentralized and immune to interference, seizure, and censorship.
At CryptoAnnals, we track the development of the blockchain sector. Is it a revolution, or is it just hype? the two? Will it lead to a secure future for global trade and finance? What percentage of transactions on the blockchain will there be in the upcoming years?
LVMH, a corporation specializing in the production of luxury goods, has asserted that blockchain technology is essential for luxury companies to enhance the product lifecycle. “When discussing luxury, you are dealing with long-term products, repair, and care,” asserts Franck Le Moal, the Chief Information Officer (CIO) of the luxury goods giant LVMH. In addition, Le … Read more
Using the TON Blockchain, Telegram Messenger is gradually becoming a substantial Web3 protocol. The wallet bot for the instant messaging app has been updated to support Tether (USDT), which is the largest stablecoin in terms of daily traded volume and market capitalization. As a direct consequence of this, users of Telegram are now able to … Read more
Rising Web 3.0 company MetaMetaverse has unveiled its new brand identity, which will be known as MultiVersalME. The company feels that this change will capture the extent of its invention as a worldwide metaverse brand and has given the new brand the name MultiVersalME. According to a press release, MultiVersalME will be launching with an … Read more
Polygon has been chosen by the South Korean video game conglomerate Nexon to handle the Web3 connectivity of its MapleStory World. Reports indicate that the video game publisher with headquarters in Tokyo intends to establish (1) a Polygon supernet in order to provide support for the in-game content associated with MapleStory Universe. According to recent … Read more
Immutable, a Web3 gaming company, and Polygon have partnered up to create a new Web3-driven effort that will be known as Immutable zkEVM. This attempt will be driven by the new zkEVM technology that will be developed by Polygon, and its goal is to integrate a greater number of gamers and programmers into the Web3 … Read more
The internal leadership of the decentralized financial (DeFi) analytics firm DefiLlama is at odds with the direction the platform will go in the future. While some DefiLlama staff and investors are in favor of releasing a coin that will be known as LLAMA, others are opposed to the concept. Because of this, any plan to … Read more
The staff of the decentralized economic analytics tool, DefiLlama, are now engaged in a dispute. An employee who only identified themselves as 0xngmi stated that the founders of the company were going to issue a LLAMA token without even requesting employee endorsement for the initiative. 0xngmi and a few other developers have distanced themselves from … Read more
The Swiss Banking Association (SBA) recently published a white paper (1) in which they advocated the issuing of a joint deposit coin on a public blockchain. This token would be used to record deposits made by users. The SBA made a note of the widespread agreement that stablecoins should be issued by recognized organizations and … Read more
The cryptocurrency investment company 21Shares stated that it would immediately stop providing six exchange-traded products (ETPs). According to a spokeswoman for the corporation, the decision was made after the organization decided that there was a lack of demand for these particular products. Five of the six items that are going to be discontinued will stop … Read more
By extending its services to the BNB Chain, Uniswap will be able to provide its customer base with a network that charges cheaper costs for individual transactions. It is possible that Uniswap has recently officially started on the BNB Chain network that Binance built as part of its ambitions to boost the availability and liquidity … Read more