Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains. Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can lower costs and boost overall effectiveness. By making assets accessible across numerous networks, they can significantly improve their liquidity, which will raise the assets’ value. This article will discuss the concept of a supernet, how to implement supernetting, the advantages and disadvantages of supernetting, and how it’s different from a subnet. What is a supernet? A supernet, also known as …

Cardano stake pool operators (SPO) and users have been reporting at least half of the nodes for the network briefly went offline over the weekend. According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, the engineering and research in fintech behind the Cardano blockchain, an anomaly caused 50% of Cardano nodes to disconnect and restart. Last night during the anomaly on the #Cardano network, the entire network did not go down. There was a brief period of degradation. Most nodes impacted had gracefully recovered. No network restart was required. pic.twitter.com/FupQXk2otV — Rick McCracken DIGI …

Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem. The news was announced by IOHK — a blockchain engineering company founded by Charles Hoskinson and now known as IOG — on Jan.12, which also attached the official technical documentation for the sidechain toolkit. ⛓️ The #Cardano sidechain toolkit was previewed at #IOScotFest, and we’re happy to share the first iteration is out now. Here’s the lowdown on this exciting new project! https://t.co/Ny9tQuJh5K — …

By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality. They are investing hundreds of millions into these new implementations — and with good reason. Sidechains are the most likely multichain solution to crypto’s scalability problem. Multiple projects have failed or stalled once they hit a certain level of traffic. Ethereum gas fees are notoriously expensive, while Solana is continually congested to the point where it needs to be turned off. Needless to …

Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and it is continuing to lead the way in 2022 as the protocol prepares for its next major launch. Data from Cointelegraph Markets Pro and TradingView shows that the price of AXS increased 56.5% over the past ten days …

Ethereum (ETH) has arisen as the baseline for decentralized applications (DApps), smart contracts and an improved foundation for investment, finance and Internet of Things (IoT) services, among other centralized offerings. However, technology is growing exponentially, making the need for computing resources more prominent than ever before. Yet, it’s hard to access these resources as any other commodities. Application developers or datasets providers, for instance, can be reluctant to lose ownership of their assets or reveal them. To overcome that limitation, they need to rely on a network that addresses the challenges of ownership and trust. Attempting to define the next …

New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share. Blockchain intelligence firm IntoTheBlock shared its findings about Ethereum in a Feb. 15 tweet. #Ethereum users growth in a nutshell A good way to track the adoption is by following the number of addresses with a balance - There are 70.4m addresses holding $ETH - Just in 2021, it increased 18.36m. That means the network was growing …

Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that require a minimum market size. However, in Polkadot's (DOT) case, price crashes have often been anticipated by this indicator breaking the $1 billion mark. The April 17 crash happened after DOT reached its $48.30 all-time high, which led to a $1.2 billion futures open interest. Over the following week, the …

"Uptober" is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through "Upvember, Upcember" and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs and even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, Upcember — Zhu Su (@zhusu) November 1, 2021 The steady emergence of the Metaverse is also driving excitment within the crypto sector as it promises to be one of the driving forces behind development in the cryptocurrency space. The concept of a Metaverse is also …

Ether (ETH) entered a slightly bullish channel earlier this month and currently, the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on Oct. 15's weekly options expiry. Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC) and to date, the altcoin's gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will become worthless. Ethereum smart contract competitors continue to pressure the leading network and at the time of writing, Ethereum's average …

AXS, the native token of Axie Infinity, a play-to-earn nonfungible token (NFT) game built atop the Ethereum blockchain, rallied more than 100% on a quarter-to-date (QTD) timeframe to refresh a new record high above $155. Nonetheless, the cryptocurrency now risks paring a portion of its recent gains as a key technical indicator, dubbed the relative strength index (RSI), flashes its overbought conditions. In doing so, it might correct below $90 — almost a 40% drop. The bearish outlook surfaces after studying the relationship between AXS’s price and its RSI readings. In detail, when the RSI rallies above 70, it mostly …

German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu via Stokr with a minimum investment amount of $100. EXOeu is the second STO ever approved for the German market on Stokr after BaFin approved an STO by parking network ParkinGO last year. Launched in January 2021, the EXOeu security token is raising funds for the …