Aleph Zero Launches zkOS-powered Ethereum Layer 2 Solution
Aleph Zero, a blockchain ecosystem prioritizing privacy and efficiency, has released its zkOS tool, which is compatible with Ethereum on its mainnet. The development aims to integrate with zero-knowledge operating system (zkOS) privacy tools and utilize the blockchain’s Substrate-based WASM layer 1 as its Data Availability Layer. The new Ethereum Virtual Machine (EVM) layer, according […]
Web3 Gaming Needs Platform Like Steam for Growth – OKX Chief
OKX chief innovation officer Jason Lau believes a Web3 variant of digital game distribution platform like Steam is essential to facilitate the growth of the crypto gaming ecosystem. The company initiated OKX GameSphere in July as part of its endeavors to expedite Web3 gaming. The platform enables developers to incorporate Web3 elements, such as cryptocurrencies […]
Ether ETF Records Weekly Positive Inflows for First Time Since Launch
The first week of positive net inflows recorded $105 million for Spot Ether exchange-traded funds (ETFs) in the United States since their inception on July 23. As per SoSoValue, an ETF tracker, the nine recently launched spot Ether ETFs in the United States experienced positive aggregate net inflows of $104.8 million during the week commencing […]
Zcash Founder Zooko Wilcox Joins Shielded Labs
Zooko Wilcox, the founder of the privacy coin Zcash, has joined Shielded Labs to expedite the protocol’s transition to a hybrid proof-of-stake (PoS) system. Zooko Wilcox, the founder of Zcash and the current director of product at Shielded Labs, stated in a blog post on August 10 that the privacy currency must be transitioned to […]
Ripple Stablecoin RLUSD Begins Testing on Mainnet
On August 9, Ripple Labs reported the initial tests of its US dollar-pegged stablecoin, Ripple Labs’ Ripple USD (RLUSD), on the Ethereum mainnet and the XRP ledger (XRPL). The upcoming stablecoin, RLUSD, will be overcollateralized, meaning that each unit is supported by USD reserves or short-term cash equivalents in a bank at a 1:1 ratio […]