Crypto News

Solana Co-Founder Challenges Multiple Layer 2 Solutions

In a recent statement, Solana co-founder Toly questions the need for multiple Layer 2 solutions, suggesting that one effective L2 could manage all use cases through parallel execution. He highlight...

Solana Developers Launch Quantum-Resistant Vault for Enhanced Security

Solana developers introduce the 'Solana Winternitz Vault,' a quantum-resistant vault designed to protect user funds against quantum threats. By utilizing a hash-based signature system, it generates...

Circle's USDC Circulation Surges by $900 Million in January 2023

Circle has reported a substantial increase in USDC circulation, with approximately $900 million added after issuing $3 billion and redeeming $2.1 billion. The current total circulation stands at $4...

Concerns Over Misleading Bitcoin Locking in BTCFi Ecosystem

Yu Feng, founder of Nubit, criticizes BTCFi protocols for using offline pre-signed transactions that inflate TVL figures, creating trust issues. He proposed blockchain recording and zero-knowledge ...

Bitcoin Hashrate Hits All-Time High of 1000 EH/s, Doubling in a Year

Bitcoin's hashrate has soared to a record 1000 EH/s as of January 3, nearly double the hashrate from a year ago, reflecting increased network security and computational power.