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?
According to a report (1), the monetary reward that is being considered for developers who create applications compatible with EVM and deploy them on the EOS blockchain would vary anywhere from $5,000 to $50,000. The reward amount will be determined by the magnitude and scope of the project. EOS is among the legacy protocols that … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
The Brazilian neo-bank Nubank has announced its intentions to make its cryptocurrency, Nucoin, available to all of its Brazilian customers. In October 2022, the bank, which serves over 70 million people in Brazil alone, officially announced the free token. Around that time, Nubank mentioned that it would collaborate with Polygon blockchain to develop its loyalty … Read more
Goldman Sachs, which is an investment bank, has said that there is a strong possibility that the company would hire additional workers to strengthen its digital assets division. Mathew McDermott, the worldwide head of the team, reportedly affirmed in an interview (1) that the bank continues to be “hugely supportive” of blockchain applications. Hence, even … Read more
The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more
Yuga Labs, the business responsible for the Bored Ape Yacht Club collection, the most successful non-fungible token (NFT) collection in the world, has announced intentions to launch the company’s very first Bitcoin-based non-fungible token initiative later on in this week. The company announced (1) on Monday as it moves on with plans to ride the … Read more
The Lotte Group, a multinational conglomerate based in South Korea, has teamed with Polygon to grow its business dealing in non-fungible tokens (NFT). Reports indicate that Lotto intends to employ widespread blockchain technology to launch its NFT operations onto the global market. Daehong Communications, which serves as Lotte’s marketing and NFT hub, has also supplied … Read more
Alchemy Pay, a cryptocurrency gateway platform, recently announced that it had successfully obtained a license from the Bank Sentral Indonesia (BNI), working with a local fintech company called Berkah Digital Pembayaran. As a consequence, Alchemy Pay will be able to conduct money transfers and payments in the area. Earlier this morning, February 27, Alchemy Pay … Read more
Recent announcements by Huawei Cloud include the formation of the Metaverse and Web3 Partnership to increase the use of decentralized technologies in East Asian countries. This endeavor was completed with the collaboration of the cloud division of the Chinese multinational technology giant Huawei Cloud and several companies in the blockchain space. BlockChain Solutions, Deepbrain Chain, … Read more
On February 25, 2019, the liquid staking platform Lido had the greatest single-day staking inflow of almost 150,000 Ethereum (ETH) valued at an astounding $240 million. Consequently, the total value locked (TVL) on the Lido protocol had a one-day increase of 2.09%. The overall value of items locked on Lido has increased by 9% over … Read more