How blockchain is reshaping the entertainment industry — Q&A with EarnTV

    Television will no longer be a one-way street but a dynamic and immersive experience that reflects users’ desires and interests. In the ever-evolving landscape of entertainment, the convergence of watch-to-earn and blockchain technology is reshaping the way users consume and engage with media content. This dynamic fusion offers a range of possibilities, from rewarding viewers for their…

    Is blockchain technology ready for high-storage applications?

    What does the blockchain space need to enable the development of high-storage apps? Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we…

    Scientists propose quantum proof-of-work consensus for blockchain

    Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain. A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain…

    Chinese city releases policy draft for metaverse industry development

    The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city. The capital of China’s Henan Province, Zhengzhou, on May 24, announced a series of policy proposals designed to provide support for metaverse companies operating in the region. As part of these initiatives, the municipal government intends to establish…

    Emirati-based blockchain Bahamut goes live with PoSA consensus

    The proof-of-stake-and-activity (PoSA) consensus mechanism adds an extra layer of security to blockchain. Bitcoin launched with the ideal technology for the era it was introduced in. Proof-of-work (PoW), the underlying consensus that predates the first cryptocurrency, provides a self-sustaining mechanism where numerous miners around the world can contribute to verifying BTC transactions. As the crypto ecosystem expanded and…

    Chinese city launches gov’t-backed metaverse platform

    The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country. The…