Cardano recovers from 50% of network nodes going offline

Cardano ADA Token

Cardano users reported that at least half of the blockchain network’s nodes went offline over the weekend.

A Telegram post from a group for Cardano stake pool operators (SPOs) said that an anomaly caused 50% of Cardano nodes to disconnect and restart.

The post said the disruption was caused by a “a transient anomaly causing two reactions in the node, some disconnected from a peer, others threw an exception and...

Visa will ‘actively contribute’ to web3 development

Visa refuses to become a dinosaur and will “actively contribute” to developing the web3 and crypto ecosystem.

Aside from maximalists, few experts believe that crypto poses an existential threat to fiat currencies. Legacy payment processors like Visa and Mastercard have increasingly been joining the web2-era disruptors like PayPal and Square in supporting the web3 and crypto ecosystem.

Greater public adoption of “crypto” will likely come through CBDCs (Central...

Cardano to launch algorithmic stablecoin in January 2023

Cardano ADA Token

Cardano, the proof-of-stake blockchain network oft touted as Ethereum’s most serious competitor, plans to launch an algorithmic stablecoin in January 2023.

Project ‘Djed’, which is being developed in partnership with COTI, a DAG-based Layer 1 protocol, will use an algorithm that is backed by excess collateral through a cryptocurrency reserve.

Djed is set to launch on Cardano’s mainnet as early as January next year, so long as it passes an audit and a planned...

Sam Bankman-Fried deepfake aims to scam FTX collapse victims

A deepfake of former FTX CEO Sam Bankman-Fried aims to scam victims of the exchange’s collapse.

FTX was the third-largest cryptocurrency exchange and Bankman-Fried was seen as the face of crypto in Washington. The exchange enjoyed many celebrity endorsements and secured a 19-year, $135 million sponsorship agreement with Miami-Dade county that included the local stadium being renamed the FTX Arena.

All of that success went up in smoke when concerns around the...

‘Solana killer’ Aptos soared to $100 on Binance before plunging

Aptos, a blockchain created by former Meta employees, debuted on Binance this week and soared to $100 before plunging to around $8.

The project has been called the “Solana killer” due to its claims of being able to process an incredible 130,000 transactions per second (tps).

As of writing, Aptos is processing around 24tps. This has led to many within the crypto community saying that Aptos’ performance claims are misleading.

Aptos co-founder Mo Shaikh has...

Jeremy Epstein, RDX Works: On the ‘practically unlimited scalability’ of Radix

Radix claims it will offer “practically unlimited scalability” with its novel consensus algorithm, Cerberus.

In 2019, Radix set a record for decentralised ledgers when it demonstrated the ability to process over one million transactions per second. For the demonstration, Radix replayed 10 years of Bitcoin’s transaction history in under 30 minutes. That demonstration used Cerberus’ predecessor, Tempo.

Despite the record-breaking demonstration, it was...

CasperLabs: On delivering ‘the vision for Ethereum 3.0’ today

CasperLabs believes its blockchain has solved Vitalik Buterin’s infamous trilemma and is already delivering “the vision for Ethereum 3.0”.

The Block caught up with Casper Labs’ CTO and Co-Founder Medha Parlikar, and Senior Business Development Manager Niamh O’Connell, to hear more about the blockchain that claims to be several years ahead of Ethereum in technical advancements.

The Block: Vitalik Buterin’s “blockchain trilemma” suggests that any blockchain...

Alex Reinhardt, PLC Ultima: On building a crypto ecosystem for ‘daily life’

PLC Ultima aims to spread opportunity with an ecosystem that anyone can use in their daily lives.

The Block caught up with Alex Reinhardt, Founder of PLC Ultima, to learn more about the project and get the crypto expert’s views on the uncertain regulatory environment.

The Block: How is PLC Ultima bridging the gap between traditional business and crypto? 

Alex Reinhardt: I originally conceived PLC Ultima as a universal financial instrument that can be...

Ukraine details how it spent crypto donations

Ukraine has detailed exactly how it spent over $54 million in donations from the crypto community.

In the early days of the war, Ukraine began accepting cryptocurrency donations from kind-hearted folk around the world wanting to help the country defend itself from Putin’s war of aggression.

Yesterday, Ukrainian Vice Prime minister Mykhailo Fedorov posted a breakdown of how the crypto donations were spent:

“Every helmet, bulletproof vest, and night...

Rory, Redlight Finance: On launching a blockchain in a bear market

Redlight Finance is preparing to launch a blockchain that it believes solves the infamous “trilemma” of earlier platforms.

The Block caught up with Rory (aka "RED") to learn more about Redlight Chain and why it’s proceeding with launching in a bear market.

The Block: Why have you decided to launch Redlight Chain rather than support an existing blockchain?

Rory: We decided to launch Redlight Chain rather than support an existing blockchain because we...