Blockchain development firm LiquidApps has introduced a new blockchain scalability solution for decentralized application (DApps) developers. The new service called vCPU aims to scale blockchain processing power horizontally, which provides more computing power per action than native blockchains, according to a press release shared with Cointelegraph on Oct. 14. LiquidApps states that vertical blockchain scaling creates a barrier to entry for potential miners and block producers, as it requires the validation of nodes to add more capacity. More power to developers VCPU ostensibly allows developers to access a greater supply of decentralized computation as it tasks DApp service providers (DSPs) …

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins were running on Ethereum before 2018, without any indication suggesting that this might change. But the script has flipped, according to Blockchain.com’s “2019 State of …

Hdac Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group, plans to set up a $10 million blockchain investment fund in 2019. Hdac testnet to launch in November 2019 Hdac will spend the funds on launching its mainnet, developing decentralized applications, supporting new industry startups and creating an ecosystem with a “cryptocurrency compensation system,” Korean outlet The Financial News reported on Oct. 6. Hdac, the issuer of the Hyundai token (HDAC), is planning to release its mainnet in the first quarter of 2020, the report notes. As previously announced, the testnet is scheduled to launch in …

Decentralized applications’ (DApps) transaction volume and user activity have slumped in the third quarter of 2019, a new study shows. DApp.com — an analytics platform for DApps built on Ethereum, EOS, Steem, Tron, TomoChain, IOST and Blockstack — revealed its recent findings in a news release shared with Cointelegraph on Oct. 7. An overall market assessment showed that DApps built on the six aforementioned blockchains reported a total transaction volume of $2.03 billion in Q3, down 40% compared with Q2. Only 36% of the DApp users from Q2 used DApps at least once in Q3, which also indicates a notable …

Open source decentralized application (DApp)-focused blockchain Æternity will team up with the Uruguay Digital Party to optimize the country’s democratic processes and internal voting. According to a press release shared with Cointelegraph on Oct. 3, the partnership aims to build a new system whereby Uruguay citizens and members of the Digital Party can participate in various political decisions in a transparent and decentralized manner. Unalterable liquid democracy Per the release, the first phase of the project will focus on creating a DApp based on the “liquid democracy” model that employs digital tokens and a basic set of smart contracts that …

The Japanese House of Representatives recently passed new crypto asset regulation affecting exchanges and custodians — the Payment Services Act and the Financial Instruments and Exchange Act. However, the country’s crypto gambling industry still endures strict gambling regulations. “Japan has very strict rules regarding gambling and the same applies to crypto gambling,” Joseph D. Hugh, CFO of international cryptocurrency betting platform Jukebucks, told Cointelegraph, adding: “Although it is very difficult to restrict players who play, the government keeps a close tab on crypto transactions originating from Japan using taxation as an excuse.” Yet, Japan passed a federal law in July …

Electronics giant Samsung filed for a patent in May 2019 titled, “Programmable Blockchain Solid State Drive and Switch.” Even though few details are known about the newly designed system, a surge in patent applications filed by large corporations on blockchain is clearly visible. Related: Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks? Patent wars — i.e., battles between corporations or individuals to secure patents for litigation — are certainly not new. They have been widely practiced in the tech ecosystem since the times of Alexander Graham Bell at the turn of the 20th century, who was involved in …

Enterprise-grade distributed ledger platform Hedera Hashgraph announced the launch of the public Open Access (OA) to its mainnet beta. According to Hedera’s blog post published on Sept. 16, during the OA period, anyone from the general public can create an account while developers can start building decentralized applications, also known as DApps, on the platform. The post continues: “With hundreds of developers already building on the network over the last few months during its closed beta, the Hedera mainnet launches with 26 DApps and solutions now running live. [...] With Open Access, the Hedera Hashgraph network offers three services: 1) …

A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency through an exploit of EOS gambling game EOSPlay. Biggest DeFi service EOS REX used An alleged bug in EOSPlay allowed the attacker to steal 30,000 EOS via using EOS REX, a major decentralized financial (DeFi) service enabling EOS lending in exchange for extra CPU on the EOS blockchain, crypto-focused publication CryptoSlate reports Sept. 14. According to the report, the hacker used REX in order to ensure that blocks were filled with their transactions, allowing them to win continuously on EOSPlay. As previously reported, EOS REX is the …

Tim Draper, a famous investor with an estimated crypto net worth ranging between $350 million and $500 million, has joined the board of directors of EOS-based decentralized application (DApp) firm MakeSense Labs. In a news release on Sept. 9, Draper said: “I am excited to support this amazing application. Sense.Chat improves human connections by allowing private, seamless messaging and payments.” A notable investor Per the release, Draper was an early investor in parent company Sensay. Sense.Chat chief technology officer Ben Sigman said: “We are very excited to have Tim’s support and advice. He’s been a massively important and pivotal figure …

Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group. Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest Berlin were also among the participants. The blockchain startup, which tracks over 2,500 dapps across seven blockchains, including Ethereum, EOS and Tron, explained that the investment in DappRadar will be primarily used for research …

Ethereum Classic Labs, a core Ethereum Classic development and accelerator organization, announced partnerships with social media dApp iZbreaker and blockchain infrastructure developer Second State. Second State will build the next generation Ethereum infrastructure On Sept. 1, the developer and maintainer of the Ethereum Classic blockchain said that they had partnered with blockchain infrastructure developer, Second State. Per the announcement, the partnership “will bring high-impact enhancements into the ETC ecosystem” is intended to create an open-source toolchain and runtime software that powers the next generation of Ethereum-compatible blockchains. Michael Yuan, CEO of Second State, said that they: “Are proud to be …