Browsing: crypto
With the rapid evolution of blockchain technology, The Open Network (TON) has emerged as a noteworthy project. Initially developed by…
What is EigenLayer? The Future of Ethereum Restaking Explained EigenLayer stands at the forefront of blockchain innovation, specifically targeting the…
Binance Labs, the venture capital and incubation arm of Binance, has made a significant investment in Memecoin (MEME), the native…
Conflux (CFX) Poised for Bullish Momentum: Technical Analysis Suggests Potential Price Surge
By brock G
Cryptocurrency trader and investor EliZ¥ has predicted that Conflux (CFX) may see further price increases in the coming days. This…
Rollup solutions have rapidly evolved in Ethereum’s Layer-2 scaling technologies. These technologies involve storing some funds on the main chain while executing some transactions off-chain, with data availability being a key challenge.
PayPal About to Launch PYUSD Stablecoin: Bridging Cryptocurrency with Traditional Finance and Real Economy
By brock G
On the evening of August 7th, PayPal, a payment company based in San Jose, California, announced the launch of a stablecoin named PayPal USD (PYUSD). This stablecoin, issued by Paxos Trust (former issuer of BUSD), is fully backed by deposits in US dollars, short-term government bonds, and similar cash equivalents. It will gradually become available to PayPal customers in the United States.
Rollup, as a scalability solution, holds significant potential for addressing the scalability challenges in blockchain’s expansion. However, there are still obstacles to overcome, such as security, decentralization, user experience, and cost-effectiveness. By addressing these challenges and establishing a robust ecosystem with standardized support,