Monday, September 16, 2024

Arbitrum Layer 2 Network

Arbitrum:Scaling Ethereum

Arbitrum, introduced by Offchain Labs in 2021, is a layer-2 solution designed to enhance Ethereum’s scalability and reduce transaction costs. Utilising Optimistic Rollups, it processes transactions off-chain while maintaining security through periodic on-chain validation. This approach significantly boosts transaction speed and lowers fees compared to Ethereum’s mainnet. Arbitrum’s compatibility with existing Ethereum smart contracts means developers can deploy their dApps with minimal adjustments, making it a powerful tool for improving Ethereum's performance and fostering wider adoption of decentralised applications.

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Privacy-focused Nillion Network Integrates with Arbitrum

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Nillion Network, often described as "Humanity's first blind computer," introduces a novel approach to data privacy through its "blind computing" protocol. This protocol allows for the processing of data in an encrypted state, ensuring that even during computation, the data remains unreadable to unauthorised entities, including the platform itself.

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YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

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The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

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TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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