Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time. The coronavirus pandemic essentially shut down travel and this has had a direct impact on most entertainment hubs around the world. Gambling destinations like Las Vegas and Macau were pulverized by the pandemic and most of the world's most popular sporting events were halted or took place without spectators being present. The …
An oracle system has launched on Binance Smart Chain — enabling developers to create DApps and decentralized autonomous organizations that are fueled by real-world data. Bridge Oracle, which first made its debut on Tron, says the expansion of its easy-to-use infrastructure is a significant milestone. Now, a diverse range of data sources can be integrated into smart contracts — boosting their utility immeasurably. Data can be fetched using HTTP and HTTPS requests, or through the computational knowledge of WolframAlpha. Oracles can be used to generate random numbers, and this infrastructure also paves the way for enterprises to integrate blockchain technology …
Chainlink is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights, like Huobi's ECO Chain, the Hedera Governing Council and Alchemix. Launched in October 2020, Chainlink's verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (DApps). VRF provides an automated source of randomness to ensure that prizes and rewards are issued in a verifiably fair fashion. For example, on Aug. 13, Arbitrum — a layer-two Ethereum scaling solution — launched a beta mainnet service integrated with Chainlink's oracle data feed and intends to add a "Proof …
If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11. Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet. This will purportedly let DApps consume less energy and run with higher security and efficiency on Tron. The post further reads that the Sun Network supports smart contract transactions and more customizable requirements such as setting sidechain incentives, transaction rates and confirmation speed, among …