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Blockchain
NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales
Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023.…
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower transaction fees, Robert Miller, the vice president of growth at Fuse, a layer 1,…
Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts Network
On Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks.…
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers…
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the…
Meet ‘Dencun.’ Ethereum Developers Are Already Planning Next Hard Fork
The next major upgrade for the blockchain will include “proto-danksharding,” though developers are still deciding what else to include in the hard fork.
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant…
Experts Say Nigeria’s Blockchain Adoption Strategy Likely to Add Clarity and Legitimacy to Ecosystem
The recent approval of a blockchain adoption strategy by the Nigerian government has been described as a milestone that will “add clarity, trust and confidence in the ecosystem.” The unveiling of the adoption strategy document…
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering…
Bitcoin’s BRC20 Token Economy Skyrockets 192% to $279 Million in Just Four Days
Four days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and…
NFT Sales See Modest Increase of 1.46% to Reach $149M in Past Week
In the past week, sales of non-fungible tokens (NFTs) have increased by 1.46%, raking in a total of $149,312,180. However, while the number of NFT buyers has risen by 22.48%, the number of NFT transactions has decreased by 8.78% compared to…
