Polkadot Community Approves Parachain Auctions

Key Takeaways The first Polkadot parachain auctions will begin in November. The move is seen as a major step toward enacting multichain interoperability. DOT token is responding to the news. Share this article  A proposal for Polkadot’s first parachain auctions was approved by its community today. These parachains are said to be the “last piece of core functionality” needed for Polkadot to realize its goal of multichain interoperability. Polkadot Community Approves Proposal for Parachain Auctions Polkadot, a layer-1 project promising to make blockchain networks interoperable with one another, took a…

Estados Unidos capta el negocio de minería de bitcoin tras la restricción de China

Estados Unidos se ha convertido en el líder mundial de minería de bitcoin tras una nueva restricción impulsada por China contra el sector, según el Centro de Finanzas Alternativas de Cambridge (CCAF, por sus siglas en inglés). Los últimos datos de CCAF muestran que Estados Unidos representa el 35,4% del hashrate global —la potencia computacional total utilizada para minar bitcoins— a finales de agosto, lo que supone más del doble del 16,8% de finales de abril. Kazajistán y Rusia siguieron a Estados Unidos con cuotas de 18,1% y 11%, respectivamente,…

Olympus DAO chases a new ATH after fresh bond offerings and partnerships

The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several varients over the past year is the ‘rebase’ model, which is designed in a way so that token balances can fluctuate over time depending on changes in token price and circulating supply. Olympus (OHM) is a rebase project that has caught the attention of many in the crypto space over the past six…

Republic Launches $60M Crypto Seed Fund — CoinDesk

New portfolio companies coming in through the crypto fund stand to benefit from the broader Republic ecosystem, according to Republic Capital head Boris Revsin. “There are opportunities for them to do everything from a public sale with the retail platform or to continue to fundraise. We are very hands-on, when needed,” Revsin said in an interview with CoinDesk. Source link

Polkadot to debut parachain auctions after governance vote

Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfils the final core technical element of the whitepaper published five years ago.  Parachains are uniquely distinctive layer-1 blockchain platforms that operate in laterally alongside the main Polkadot network, in addition to being tethered to the Polkadot Relay Chain. Their purposeful function can be witnessed across a multitude of areas from decentralized finance to smart contracts.  Speaking at the Sub0 conference…

The US Is Officially the Global Leader in Bitcoin Mining

This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW looks at how the United States has been perhaps the greatest beneficiary of the Great Hashrate Migration away from China following the country’s mining ban in May. This has political implications for how bitcoin is treated in the U.S. At the same time, the U.S.’ overall regulatory stance toward crypto remains confused. NLW looks at comments from three separate SEC commissioners that show three separate perspectives on the industry. See also: US Claims Bitcoin Mining Crown…