Git open-source repositories are a popular method for storing code. Unfortunately, a high degree of centralization means there's a single point of control — sparking fears about the prospect of censorship resistance and security. And as more code is written, it can become less secure. Solutions are now being developed for the teams who manage these open-source repositories — with decentralized autonomous organizations sometimes tasked with building consensus around a code. They can encourage and incentivize developers to look at the code and attest to its security. The technology of Everscale Network, a layer one blockchain recognized for its stability …

Blockchain oracle platform Chainlink (LINK) launched two of its services, Chainlink Keepers and Chainlink Verifiable Random Function (VRF) and integrated them into the Avalanche Primary Network, a special subnet within the Avalanche (AVAX) platform. In the announcement sent to Cointelegraph on Thursday, the Chainlink team highlighted that the integration with Avalanche was done to support developers within the platform. Chainlink Keepers will enable developers to automate smart contract functions in a decentralized manner. On the other hand, Chainlink VRF will provide a random number generator (RNG) that can be used in many decentralized applications (DApps) that require randomness. Emin Gün …

Digital collectibles, which now exist as nonfungible tokens (NFTs), continue to be released to the market at an unprecedented rate. Unfortunately, the sheer number of new projects makes it difficult for investors to determine which projects are worth the investment. For this reason, many consider the asset's rarity to be a determining factor in how valuable a piece is and how highly sought after the project will be by investors. The caveat is that NFTs, which are designed to be one-of-a-kind or unique by nature, may become subject to duplication, with data being transformed (cropped, rotated, stretched) or subject to …

Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the integration, more Chainlink oracle services and price feeds will be made available. Anatoly Yakovenko, co-founder of Solana, believes the Chainlink integration will help developers building DeFi-based DApps on Solana. “Chainlink’s launch on Solana will …

Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass. The worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare's weekly Digital Asset Fund Flows report, crypto funds and investment products saw a $141 million outflow during the week ending on May 20. In this instance, Bitcoin (BTC) was the investors' focus after experiencing a $154 weekly …

Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama. Disparate blockchains that bolt onto Polkadot’s main Relay Chain for security, yet are otherwise independent, parachains represent a new way of doing business in blockchain, a maximalist vision aimed at enhancing scalability and governance while permitting the possibility of forkless upgrades. The five projects were Karura, Moonriver, Shiden, Khala and Bifrost. Fast-forward to today, and the first batch of parachains are set to expire, releasing over 1 million locked Kusama (KSM) tokens into the market. …

The past thirty days have been an extremely bearish time for cryptocurrencies. The sector's aggregate market capitalization plunged 33% to $1.31 trillion and Solana's (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51. The network aims to overcome the Ethereum blockchain's scalability problem by incorporating a proof-of-history (PoH) mechanism into a proof-of-stake (PoS) blockchain. With PoH, Solana delegates a central node to determine a transaction time that the entire network can agree on. The low fees delivered by the Solana network have enticed developers and users alike, but the frequent network …

Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery. To date, the Federal Reserve continues to dictate the markets’ performance and uncertainty has been the prevailing sentiment because the central banks of major economies are trying to tame inflation. Considering that the correlation between crypto markets and the S&P 500 index has been above 0.85 since March 29, traders are likely …

Blockchain technology is more than Bitcoin (BTC). It is the applications, the solutions, and the possibilities that are enabled when technology allows parties to transact with one another directly. And although significant strides have been made in developing decentralized apps (DApps) in recent years, the future, which some believe may culminate in the metaverse, is still yet to be defined. Therefore, the thinkers, believers and employees of blockchain projects will set the stage for the financial, social and technological revolution the world is about to undergo. People have consistently been the ones at the helm of solving the biggest problems …

Crypto derivatives trading platform dYdX has officially launched an app via Apple’s iOS store, joining just a select number of fellow decentralized finance (DeFi) protocols that have built apps for smartphone adoption. According to Tuesday’s announcement, dYdX’s app is now ready for use, with the project noting that more than 200,000 people had already signed up for the beta before the full launch. The app offers gas-free deposits and trading and will provide the same functionality as the web version. “The app offers the same functionality and unparalleled product experience that are available on our main exchange website with the …

The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for nonfungible tokens (NFTs). Dapper Labs also created the popular NBA Top Shot NFT collection. Flow utilizes an eco-friendly proof-of-stake (PoS) consensus algorithm. The new fund was backed by 17 firms that have experience backing other Web3 companies, including large investment firms a16z, Spartan Group and CoinFund. The funds will be used to attract developers to bring …

Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.3 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history. Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase. Many new hyped NFT projects also contributed to the growing trading volume, especially Otherdeeds, which generated $760 million within …