IOTX to Ethereum bridge approved by IoTeX community vote
The blockchain industry has witnessed a major development as IoTeX’s community has voted in favor of Improvement Protocol 21 (IIP-21), a proposal to create a cross-chain bridge between IOTX, the native coin of the IoTeX network, and Ethereum. The proposal received strong backing from the IoTeX community, with 306 million IOTX (73.77%) voting for the […]
Optimism Integrates Chainlink Automation for DeFi
Chainlink, the leading Web3 services platform, has announced the integration of its smart contract automation service on Optimism, a fast and scalable Layer-2 blockchain. Chainlink Automation is a decentralized and highly performant automation service that allows developers to monitor smart contracts using it’s decentralized node network and trigger key functions based on predefined conditions. This […]
Axelar connects Sommelier DeFi vaults to Arbitrum Layer 2
Axelar, a protocol for interoperability, has enabled Sommelier, a protocol for yield optimization on Cosmos, to become a cross-chain application. Axelar, an interoperability protocol, has helped Sommelier, a yield optimization protocol on Cosmos, become a cross-chain application. Sommelier’s DeFi vaults can now access Arbitrum One, a Layer 2 network on Ethereum that offers lower fees […]
Abu Dhabi Global Market Proposes Legal framework for DLT foundations
The Registration Authority of the Abu Dhabi Global Market has published a consultation paper on a new legal framework for Distributed Ledger Technology foundations. The Registration Authority of the Abu Dhabi Global Market (ADGM), an international financial center in the UAE capital, has published a consultation paper on a new legal framework for Distributed Ledger […]
Top 7 Blockchain and Defi trends to look out for
The value of crypto assets and the underlying distributed ledger technology (DLT) has skyrocketed over the past decade. This article discusses the top 7 Blockchain and Defi trends to look out for this year. What is Blockchain? A blockchain is a form of distributed ledger technology (DLT), which employs encryption for the purpose of securing […]