The highly anticipated tokensale for decentralized application (DApp) platform NEAR Protocol was postponed by 24 hours after CoinList — the exchange hosting the offering — went down around the scheduled launch time. Originally scheduled for 10 am ET on Aug. 11, the tokensale was postponed by 24 hours after CoinList was deluged by expectant traders. Its Twitter account received a flood of complaints from trader’s who had planned on participating in the offering. Disgruntled buyers compared the debacle to similar outages experienced during the platform’s first token sales conducted during 2017. However, despite large numbers complaining they were unable to …

China’s blockchain-based Service Network (BSN), the country’s nationwide blockchain project, has just launched an official international website. Appearing on Aug. 10, the new english-language BSN website aims to help bring global developers to the project. Integration with six permissionless blockchains He Yifan, CEO of Red Date Technology, a local private company and a founding member of the BSN, told Cointelegraph that the new website allows developers to use BSN services and public chain services via the portal. As part of the new global effort, the BSN now features live integration of six public chains including Ethereum, EOS, Nervos, Tezos, NEO …

Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance and other forms of distributed technology fall on the …

When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but also in terms of a well-funded project with great support, and one that could rival Ethereum as the second-ranked cryptocurrency. So far, while EDApps OS is definitely a worthy competitor, it’s hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State of the DApps. Nevertheless, EOS remains a top competitor, mainly …

Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated conversations in the cryptocurrency community. The use of staking will become more widespread this year on the protocol level with Ethereum 2.0’s expected arrival, along with the continued development of Cardano, Tezos and Algorand, ultimately changing the landscape of the future networks and blockchains. On the other side of the protocols is the mad rush for the hyper gains from decentralized finance projects that utilize high yield farming from loans, which will further the adoption of these staking protocols. The …

Crypto giant Binance acquired Trust Wallet two years ago today. In that short space of time, the service has managed to amount 5 million users, and it is now expanding into the burgeoning DeFi sector. In addition to the five million user milestone, Trust Wallet claims that 10% of this rapidly acquired user base is now accessing a wide range of DApps and DeFi platforms. It plans to aggressively expand into the sector as crypto investors seek liquidity farming earning opportunities. Delving into DeFi In a move to keep pace with the rapidly expanding DeFi ecosystem, Trust Wallet has integrated …

Ethereum’s dominance as the preeminent smart contract blockchain platform has been boosted by the popularity of decentralized finance and decentralized applications tokens in 2020, with ERC-20 tokens now accounting for nearly half of the assets on the blockchain. The smart contract platform has been in existence for just under five years and, in that space of time, has established itself as the blockchain of choice for DApp developers. Adding substance to that claim is data indicating that Ethereum has overtaken Bitcoin as the blockchain with the highest daily settlement value. This is largely due to the sheer amount of capital …

Over the past few weeks, TikTok has found itself in hot water over security issues. First, it was axed in India along with 58 Chinese apps for “stealing and surreptitiously transmitting users’ data in an unauthorized manner.” Later, it became a major target for Trump’s administration against the backdrop of America’s faltering relationship with China and was even banned for Wells Fargo and Amazon employees, with the latter later retracing the news, saying it did not intend to prohibit using TikTok. While the censure of TikTok’s data collection habits seems to stem from mostly geopolitical reasons — its harshest critics …

Opera, a popular web browser, continues to expand its cryptocurrency integration by extending crypto wallet top ups to the United Kingdom. After introducing the service to the United States and some European countries earlier this year, Opera now provides crypto purchases in the U.K. through a partnership with crypto processor Ramp. Direct to the source As announced to Cointelegraph on July 24, the solution implements European Open Banking APIs and enables low-fee crypto top-ups via bank accounts or digital banking app Revolut. Charles Hamel, head of crypto at Opera, says that at the launch U.K. customers will be able to …

From CryptoKitties to Compound, decentralized applications and decentralized finance have become increasingly popular in the blockchain space, but the sector has gone through a fair share of teething problems since DApps first appeared in 2017. DApps were popularized around the same time that Bitcoin (BTC) experienced a monumental surge in value toward the end of 2017. Ethereum quickly established itself as the protocol of choice for blockchain developers to build and launch DApps, and the success of projects such as CryptoKitties proved that people were actively looking to get involved in the space. CryptoKitties was so popular at the time …

Are there decentralized file sharing use cases already in operation? Two examples where IPFS has been used are with Wikipedia and the Android version of the Opera browser. The Turkish government previously attempted to ban Wikipedia, citing it as a national security threat. Hacktivists uploaded a version of Turkish Wikipedia and posted it using IPFS as a way of circumventing the ban. IPFS has also been integrated into the Android version of the Opera web browser as part of its bid to introduce Web 3.0 capabilities. BTFS is integrated into decentralized video streaming network DLive, enabling fast and censorship-resistant livestreaming. …

Blockchain scalability solution, Matic, released news of a “Large Scale Developer Initiatives” program on July 8. The program is meant to incentivize mainnet adoption, in partnership with Gitcoin. According to the announcement, the company aims to cater to DApp developers from project inception to fully-fledged and operational stages. They also want to create an ecosystem of developers and DApps to build on the Matic Network. Campaigns include a Build-n-Earn feature, which aims to provide a monthly recurring incentive to bootstrap developers’ teams, and the Matic Layer 2 Security Hackathon. This hackathon expects to attract protocol developers who can improve the …