decentralized
Layer-1 EVM oracle platform Flare launches to boost interoperable DApps
Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications. The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and services. Flare features two protocols that power its application-building suite. Its State Connector protocol enables information and data to be used securely and at scale from various blockchains and internet sources with the use of smart contracts. The functionality is touted to offer powerful data to the network and facilitate the development of cross-chain solutions. Meanwhile, the Flare Time Series Oracle (FTSO) sources and provid...
EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?
EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem. EOS/USD daily price chart. Source: TradingView EOS incentive program launch On Aug. 14, the EOS Network Foundation (ENF), a nonprofit organization that oversees the growth and development of the EOS blockchain, opened registrations for its upcoming Yield+ incentive program. The Yield+ is a liquidity incentive and reward program to attract decentralized finance (DeFi) application...
Why decentralized messaging apps will replace today’s social media platforms
The Russian government has cracked down on foreign social media platforms such as Instagram, Facebook and Twitter, banning them for extremist activists. For protestors, activists and local civilians, these actions have resulted in a significant barrier to communication with the outside world. Furthermore, they have also raised the question of just how easy of a target these apps are for state authorities. With citizens unable to access these platforms, they have little choice but to flee to the next-best still active platforms. However, it isn’t just Russian activists who have taken to alternatives. Consider, for example, Telegram, a cloud-based instant messaging service that has quickly become a place for sharing war footage and other content that may have otherwise been blocked on ...
How to use UniSwap: A step-by-step beginner’s guide
The Uniswap decentralized exchange (DEX) is the most popular DEX built on the Ethereum blockchain. For users wondering, “What is Uniswap?,” this article provides an overview of what it is and how it works as well as several ways users can get started using the Uniswap DEX. With Uniswap, users can swap crypto tokens without having to rely on an intermediary. Not having to rely on a third party leads to next to no economic rents being collected. Instead, Uniswap relies on smart contracts to execute trades. Smart contracts are algorithms that self-execute once certain preset conditions are met. How does Uniswap work? Because Uniswap is an open-source protocol, many DEXs with the suffix “swap” have been released into the market. These protocols are essentially copies of...
