Despite advancements across the industry, many of today’s cryptocurrencies still have the same security protocols in place as first-generation releases. Blockchain tokenization experiments began in 2012 with “colored coins.” However, despite this initial release, many agree that it wasn’t until 2014 that tokenization’s full potential was achieved with the release of the scripting language that…

European Union lawmakers are planning an EU-wide digital identity wallet for access to essential services. On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also…

The top 100 DeFi tokens had a mixed week in terms of price action, with the total value locked in DeFi protocols maintaining above $50 billion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. A total of 27 Ethereum…

Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On…

Polygon overtook Hive for the second spot in last month, as the growth in unique active wallets was driven in part by the Hunters On-Chain RPG game. Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to…

Known as state compression, the technology promises to drastically reduce the cost of on-chain storage. Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly $110. “After numerous phases…