Category: Crypto and Blockchain

Solana Network Back Online After 18 Hours

The Solana Mainnet Beta experienced a denial of service due a large spike in transactions. Engineers across the ecosystem attempted to stabilise the network but were unsuccessful. The validator community decided to coordinate a complete restart of the network. The network is back online again after 80% of the validators restarted and upgraded…

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What Are NFTs?

A Non-Fungible Token (NFT) is a piece of data that is stored on a blockchain that certifies a digital asset to be unique. An NFT can represent pictures, videos, GIFs, audio and other types of digital files. Since they are stored on the blockchain they can be used to verify ownership and authenticity….

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Aurory: Solana’s NFT-based gaming platform

NFTs and Gaming The adoption of Non-Fungible Tokens (NFTs) has rapidly accelerated in recent months. However, the adoption appears to be mostly limited to artwork collections such as CryptoPunks and Bored Ape Yacht Club. The most expensive NFT is currently Beeples ‘Everydays’ which sold for $69 million at auction. The artwork is a…

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Cardano Smart Contracts Are Coming Next Month

IOHK made an announcement on Friday via their social media accounts that Smart Contracts will launch on the Cardano Mainnet on Sunday 12th September 2021. This will be implemented through a hard fork combinator event, dubbed the “Alonzo hard fork“. This long-awaited update will take Cardano into the Goguen Era, which represents a…

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EIP-1559 Explained

The London hard fork, Ethereum’s latest network upgrade, went live on Thursday 5th August at block height 12,965,000. This implemented a number of Ethereum Improvement Proposals (EIP) with the main focus on EIP-1559. A common misconception is that EIP-1559 will resolve the issue of high fees in times of network congestion. The issue…

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