Daily transactions on the Ethereum blockchain have just recorded a new all-time high amid the general surge of congestion on the network. On Sept. 17, the amount of daily transactions on the Ethereum network amounted to 1,406,000, according to data from major Ethereum browser Etherscan. This is the highest number of daily transactions ever recorded on the Ethereum network. According to Etherscan, the previous all-time high was on Jan. 4, 2018, reaching about 1,350,000 transactions on the day. The new historical high of daily Ethereum transactions comes amid the ongoing boom in decentralized finance, or DeFi, applications. The DeFi industry …

Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform's native token — can be listed on crypto exchanges, although Ava Labs did not specify which ones. As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create new networks. Once the mainnet goes live, data about the …

Of all the developments in blockchain technology over recent years, enterprise adoption has perhaps been the most anticlimactic. As the initial coin offering bubble started to inflate during 2017, blockchain entrepreneurs and commentators alike were hyping the technology as a solution for almost every industry and business problem in existence. Fast-forward to 2020, and progress in enterprise blockchain has been lethargic at best. Almost without exception, notable implementations of enterprise “blockchain,” such as IBM’s Food Trust or Maersk-led Trade-ins, have used distributed permissioned ledgers. Proponents of blockchain technology point to various reasons why businesses have been slow to adopt decentralized …

As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing less than a penny in fees (1/20 of one cent to be precise), said a statement provided to Cointelegraph. “This is a defining milestone for frictionless mainstream payments as well as sophisticated financial applications,” Algorand Inc.'s founder, Silvio Micali, said in the statement, adding: “This …

Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing. Yield farming - providing liquidity to earn interest in the form of tokens - has taken the crypto community by storm and sparked the DeFi boom. However, Buterin highlighted the aggressive supply inflation of many governance tokens, saying this puts downward pressure on the prices of “coins that are getting printed nonstop to pay the liquidity providers.” Seriously, the sheer volume of coins that …

Will Martino, the former lead engineer for JPMorgan's first blockchain Juno, shared insights into the project's acquisition by ConsenSys with Cointelegraph. He believes that while the technology was good for its time, it inherited fundamental flaws from Ethereum (ETH). Since leaving JPMorgan, he has gone on to found Kadena, a proof-of-work blockchain that employs sharding to achieve scalability. While details regarding ConsenSys' recent acquisition of Quorum are sparse, it was noted that while divesting Quorum, JPMorgan was making an investment in ConsenSys. Martino believes that the investment that the bank made was higher than the price tag of Quorum. He …

The debate is not settled. Despite much of the great work being done, there is no one clear solution for blockchain scaling, and it’s possible there never will be. All of the possibilities explored above stand to help bring digital assets onto a global stage, but none of them are the final say yet. As we have discussed, there are pros and cons for each, and it isn’t implausible that there simply won’t be a single winner. Different projects with unique goals may need to scale in different ways. It is even plausible that more than one of these ideas …

Hashgraph has partnered with the Chopra Foundation to develop a mental health platform that they hope will scale to 1 billion users within five years. The platform's initial focus will be on suicide prevention, though they hope to eventually turn it into a broader mental wellbeing network. According to the press release, the "Never Alone Initiative" will "serve a global community, delivering secure access to scientific research, the work of mental health and wellness experts, and pragmatic tools and practices for everyday use." We asked Hashgraph CEO Mance Harmon whether the fact that Deepak Chopra has been accused of promoting …

When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but also in terms of a well-funded project with great support, and one that could rival Ethereum as the second-ranked cryptocurrency. So far, while EDApps OS is definitely a worthy competitor, it’s hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State of the DApps. Nevertheless, EOS remains a top competitor, mainly …

Bill Barhydt, CEO and founder of the Abra digital finance wallet and exchange app, said he sees Bitcoin’s (BTC) blockchain struggling when it comes to on-chain mass adoption of the asset as a store of value, given the asset’s current technology. “Bitcoin can certainly scale ‘off-chain’ today via third-party custodians such as exchanges and wallets like Abra or other so-called second-layer technologies such as Lightning,” Barhydt told Cointelegraph on July 15. He added: “When held in that manner Bitcoin’s scalability is probably limitless. However, Bitcoin doesn’t yet have the scalability it needs to be held by billions of people as …

OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, Pokadot’s technology allows developers to spin up a new blockchain within one hour. Per the announcement, DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by claiming them on the mainnet from Ethereum’s blockchain. OKEx also recently published a detailed guide on how to claim the Ethereum-based ERC20 DOT tokens to Polkadot’s …

Blockchain scalability solution Matic claims the network can supercharge the Ethereum ecosystem, after a two-month testnet run revealed it was able to process 7,200 transactions per second (TPS). In a July 14 blog post by Matic Network, the project reported it had stress tested its Counter Stake CS-2008 testnet, which could “reliably handle a performance level of 7,200 TPS.” The blog stated that this performance could be extrapolated to the Matic mainnet, which employs the same architecture. According to Matic, “the network was truly decentralized,” with 122 active validators running validator+sentry nodes: “The current performance capabilities of the network as …