Tokenization platforms are “overwhelmingly centralized” and lack the scalability needed to be a force in the open finance movement, according to developers behind a new protocol. AMPnet says there is no shortage of innovative projects that are making their vision for a more inclusive financial future — but crucial pieces in the puzzle are currently missing. “Houses, apartments, renewable energy power plants, land, traditional financial instruments, company equity and much, much more are all locked away — not to be used or seen by the blockchain market. Five hundred trillion dollars in assets — just waiting to be brought to …

A decentralized cloud computing network that aims to make the world’s technological resources cheaper and more accessible has launched its private testnet. Cudos says its infrastructure means laptops, smartphones and company servers that may otherwise lie idle can contribute to exciting projects including DeFi, scientific research, data analytics, artificial intelligence and video rendering — advancing human knowledge. The project is a layer-one blockchain and layer-two computation and oracle network. It says centralized cloud computing providers attract high costs and waste, and a growing need has formed for decentralized alternatives. Because of this, it aims to deliver permissionless access to high-performance …

A blockchain network delivers unlimited scalability and a record-breaking 100,000 transactions per second — features that could transform the way this technology is used. ParallelChain, developed by Hong Kong-based blockchain startup Digital Transaction Limited, says it is the only blockchain platform in the market that has successfully solved the three major pain points of first-generation blockchains with no compromise: Scalability, speed, and security. Its speed is probably the most significant of the three. At 100,000 TPS, ParallelChain is four times faster than Visa’s capability of 24,000 TPS. It is also much faster than other blockchains such as Polkadot, Cardano and …

Decentralized finance yield protocol mStable has become the latest to embrace layer-two scaling solutions, announcing its deployment on Polygon (formerly known as Matic) on Monda. MStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins” and its asset swapping features are now live on Polygon, offering users reduced fees when compared with its Ethereum mainnet deployment. 1/ mStable has launched on Polygon @mstable_ offers @0xPolygon users another source of USD and BTC liquidity, a DeFi-native savings account and two risk minimised meta-stablecoins. Get started: https://t.co/aLx10WWwEN Learn more / Guide: https://t.co/e5G36VBJip — mStable (@mstable_) April 26, 2021 Polygon is a layer-two …

A blockchain-based travel booking site has teamed up with a leading online travel agency in a deal that could bring its consumer-focused hotel and airfare reservation marketplace before a global audience. Australia-based Webjet has invested $4.1 million into LockTrip with a view toward integrating the consumer travel site and its LOC blockchain into the Webjet OTA platform — an industry leader in its home country and New Zealand. In addition, Webjet will explore migrating its own enterprise blockchain project, the Rezchain booking verification system, onto LockTrip’s decentralized, proof-of-stake Hydra Chain. That would be a big step towards LockTrip’s ultimate goal …

Free TON is a multi-blockchain platform that can handle thousands of transactions per second thanks to its dynamic sharding mechanisms, which create new shards as needed. As a result, it is the fastest blockchain available, according to developers. Despite that, the Free TON blockchain is still in the early stages of attracting DApp developers to its platform. Even with its scalability, an important task at this stage is to bring more liquidity to the platform. To do that, developers have announced the launch of Wrapped TON, a tradable TIP-3 token built on its native TON Crystal token. With the ability …

Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the load on the Ethereum network. The key to rollups is the concept of data availability, which means that the state data of the rollup is always fully available on-chain. In practice, this means that the Ethereum network knows the token balances of all user accounts on the Hermez rollup after every transaction, and this knowledge can be used to rapidly withdraw funds and distribute them to their new owners in …

As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is Elrond (EGLD), “a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.” Data from Cointelegraph Markets and TradingView shows that since reaching a low of $115 on March 25, the price of EGLD has rallied more than …

A new contest is taking place that aims to test a node written in the Rust programming language — with the ambition of breaking the world record for the bandwidth of blockchain protocols in a real network. Free TON's current node is written in C++ and already has the ability to process thousands of transactions per second. Sharding plays an instrumental role in this network, as this means that smart contracts can be processed in parallel. It’s believed that a node written in Rust would be dramatically quicker due to better process parallelization, and organizers of the Rust Cup believe …

Over the past decade, the proliferation of blockchain technology has resulted in hundreds of networks that are unable to talk to each other. With data siloed and developers’ options now extremely limited, the sector has been described as being at a “historical crossroads” — and unless this industry evolves and expands, it’s feared that blockchain will struggle to achieve the same reach and interconnectivity that the internet enjoys. Interoperability has been one of the hottest phrases in the blockchain lexicon in recent years. Although this cross-chain mentality is encouraging, it could be argued that many of the solutions being touted …

A platform that vows to make cryptocurrency and decentralized finance trading available to the masses is gearing up to launch its decentralized autonomous organization. Mute says that Voice Control is the first DAO to boast a dual-token system. The project aims to ensure that it is as simple as possible for enthusiasts with varying degrees of technical understanding to get involved — and this is being achieved through simple language and a visually unique decentralized application. Voice Control enables members to have their say — or delegate their votes to a trusted community member. This distinctive configuration helps ensure the …

A decentralized finance, or DeFi, protocol says it has become the largest trading platform for nonfungible tokens on Binance Smart Chain — with users benefiting from lower gas fees than on Ethereum. BakerySwap claims the expensiveness of making purchases on Ethereum has meant that transaction costs can often outweigh the value of an artwork, shutting out small artists who are hoping to experiment and establish a reputation by sharing their creations with the world. This platform gives them the freedom to sell their works for just $4, something that is almost impossible to do on rival blockchains. According to the …