Author: Kryptonews

Introduction to Blockchain Scalability Blockchain technology has long been hailed as a revolutionary force in finance, supply chain management, and data security, thanks to its decentralized, immutable, and transparent nature. However, one persistent challenge has limited its widespread adoption: scalability. The ability of a blockchain network to handle a high volume of transactions efficiently is crucial for real-world applications. Bitcoin, for example, processes around 4.6 transactions per second (TPS), while Visa handles thousands. To bridge this gap, blockchain innovators have been developing scaling solutions that enhance transaction capacity without sacrificing decentralization or security. Scaling Challenges: Why Traditional Blockchains Struggle The…

Authorities in Peru are searching for the vandal responsible for spray-painting the image of a penis onto a wall of Chan Chan, an ancient archaeological city 300 miles north of Lima. The vandalism, which was filmed, was dealt to one of the original walls of the more than 600-year-old pre-Columbia city. The Chan Chan Archaeological Zone is operated by Peru’s Ministry of Culture, and recognized as a UNESCO World Heritage Site. According to Artnet, a video appeared on Facebook on May 12 of an individual wearing a white t-shirt, and carrying a black backpack, marking a large section of the…

Top House Democrats have launched an inquiry into President Donald Trump’s crypto ventures, citing concerns over potentially illegal fundraising, foreign influence, and abuse of political power. In line with this, they have requested all suspicious activity reports (SARs) connected to Trump’s fundraising efforts. The Allegations In a letter to Treasury Secretary Scott Bessent, Democrats Gerald Connolly, Joseph Morelle, and Jamie Raskin, senior members from three House committees, said: “We write regarding the potential misuse of certain politically oriented fundraising ventures for fraudulent, corrupt, or other illegal purposes.” The inquiry targets the Republican fundraising platform WinRed, multiple political action committees, including…

What is Blockchain Technology? Blockchain technology is a decentralized, distributed digital ledger that records transactions across multiple computers in a network. Unlike traditional ledgers maintained by a single authority, blockchain operates on a peer-to-peer (P2P) network, making it transparent, secure, and resistant to censorship. It was first introduced by Bitcoin in 2009 but has since expanded beyond cryptocurrency to various industries, including supply chain, healthcare, and finance. Key Features of Blockchain Decentralization: No single authority controls the network; data is spread across multiple nodes. Immutable Transactions: Once a transaction is recorded (or "mined"), it cannot be altered without consensus. Consensus…

The Pectra testnet activation revealed issues in clients with deposit contract configurations changes on Ethereum testnets. While Sepolia’s recovery was straightforward and the network has since fully recovered, Holesky experienced extensive inactivity leaks as part of its recovery mechanism. The Holesky network has since then finalized, but the exited validators would take approximately one year to fully be removed from the validator set (¹). While stakers can test deposits, consolidations and all other Pectra features, the size of the exit queue prevents Holesky from being used to test the full validator lifecycle within a reasonable timeframe. To address this, a…

Key Takeaways A judge rejected a proposed settlement that would have reduced Ripple’s penalty from $125 million to $50 million. Judge Analisa Torres emphasized that parties must show exceptional circumstances to vacate a final judgment. Share this article A federal judge has denied a joint request by the SEC and Ripple Labs to approve a settlement that would have sharply reduced Ripple’s $125 million civil penalty and lifted a standing court injunction against future securities violations, according to an update from defense lawyer James Filan. #XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative…

A delay in Tether’s wallet blacklisting process has enabled over $78 million in illicit funds to be moved before enforcement actions could be executed.In a report released on May 15, blockchain compliance firm AMLBot said there was a significant gap in the timing between the initiation and completion of Tether’s blacklisting on both Ethereum and Tron blockchains.While the stablecoin issuer has the capability to freeze funds as part of its compliance protocols, AMLBot found that the technical structure of Tether’s multisignature contract creates a lag, giving malicious actors a window to act before restrictions are applied.How Tether’s Two-Step Blacklist Process…

The Transformation of Business Operations Through Blockchain Technology Blockchain technology has evolved beyond its origins in cryptocurrency to become a powerful tool transforming numerous facets of business operations. By 2024, enterprises across various sectors are realizing the potential of blockchain’s transparency, security, and decentralization. Whether it’s enhancing supply chain management, streamlining financial transactions, or strengthening cybersecurity, the impact of blockchain is reshaping how business is conducted worldwide. Enhancing Supply Chain Efficiency Traditionally, supply chain management involves multiple intermediaries, creating inefficiencies and opaque operations. Blockchain technology offers a solution by enabling businesses to track products from origin to destination in real-time.…

Understanding the Digital Ledger: Bitcoin Blockchain for Beginners The world of cryptocurrency can seem intimidating, filled with complex jargon and technological concepts. However, at its heart lies a simple, yet revolutionary idea: the blockchain. Specifically, the Bitcoin blockchain. This guide aims to demystify this technology, offering a beginner-friendly explanation of what the Bitcoin blockchain is and how it functions. What Exactly Is a Blockchain? Imagine a digital ledger, shared publicly with everyone on the network. This ledger records all Bitcoin transactions in chronological order. To make it secure and tamper-proof, these transactions are grouped into "blocks." Each block contains information…

NFTs don’t always get taken very seriously, particularly now that AI and content creators are hogging the spotlight, but not everyone is so quick to discount crypto’s oft-derided younger sibling. According to Animoca Brands’ chairman and co-founder, Yat Siu, the growing influence of artificial intelligence and content is exactly why there is a growing need for NFTs in the world. Yes, we know that’s a bold claim, but before you roll your eyes, hear him out: Animoca has its own NFT collections, blockchain products and a collection of wildly popular games. The company has also worked with other well-known brands…