January 14, 2023 - News and Education Crypto Exchange

Polygon eyes hard fork in January to address reorgs and gas fee spikes: Exclusive

January 14, 2023 10:01 am No Comments

Polygon PoS developers proposed the launch of a network hard fork on January 17. If approved, the upgrade will aim to reduce the impact of spikes in transaction fees and chain reorganizations. The upgrade has been discussed by the Polygon community for some time on the governance forum. Polygon PoS developers have proposed measures to help reduce the amount of time it takes for a transaction to reach block finality. The upgrade proposes to decrease the sprint length, which will lower the chances of a secondary or tertiary validator kicking in to produce blocks. News Sorce

Crypto Payments Platform WyreLifts 90% Withdrawal Cap

January 14, 2023 9:54 am No Comments

Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on users earlier this week. On Jan. 13, the San Francisco-based fintech firm announced that it had secured additional funding. It will resume accepting deposits and full withdrawals and deposits are now permitted again. News Sorce

Cardano ecosystem set to expand with custom-built sidechains

January 14, 2023 9:47 am No Comments

The team behind the Cardano ecosystem will release a software toolkit later this month. The toolkit will enable developers to deploy custom-built sidechains on Cardano. Sidechains are an independent chain that works adjacent to the parent blockchain, often referred to as the mainnet. Cardano will soon introduce parallel accounting styles as part of its “Basho phase” to improve interoperability in the Cardano ecosystem, according to the roadmap. News Sorce

Ethereum Hits 500,000 Validator Milestone

January 14, 2023 9:35 am No Comments

The number of validators on the network now exceeds 500,000, data from BeaconScan shows. A validator must deposit 32 ETH (roughly $45,000) to run a dedicated staking node on the proof-of-stake blockchain. The growing number points to “increasing confidence, positive market sentiment, and conviction”. The total value stake staked on the Ether network has reached over $22 billion. This indicates that it would be extremely difficult and costly to attack the network’s consensus. Reports show that validators are spread across at least 11,400 physical nodes in 80 countries. News Sorce

Day: January 14, 2023

Polygon eyes hard fork in January to address reorgs and gas fee spikes: Exclusive

Crypto Payments Platform WyreLifts 90% Withdrawal Cap

Cardano ecosystem set to expand with custom-built sidechains

Ethereum Hits 500,000 Validator Milestone

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