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  • Aug 31, 2024

Bitcoin Network Stacks Devs 'Can See the Finish Line' With Nakamoto Upgrade

After facing multiple delays, Bitcoin layer-2 network Stacks moved forward with the first part of its highly anticipated Nakamoto upgrade this week. The upgrade is expected to decouple block production from the Bitcoin blockchain, enabling faster and more efficient processing. The Nakamoto upgrade, partly rolled out in April, introduced mock-signing transactions using Stacks' proof-of-transfer (POX) consensus, where miners burn BTC to earn STX rewards. Activation was delayed for eight weeks to f...

  • Aug 31, 2024

Ethereum Gaming Network Geist Is Members-Only to Prevent 'Industrial Farming'

Pixelcraft Studios, the company behind crypto game Aavegotchi, is creating a “members-only” Ethereum layer-3 gaming network called Geist, built with the scaling tech of both Arbitrum and Base. The move comes as the company fears that “industrial farming” is an issue preventing real players from enjoying crypto gaming. “A lot of crypto games are farms,” the pseudonymous CEO and founder of Pixelcraft Studios, Coder Dan, told Decrypt, “[and] there’s nothing wrong with a farmer.” “But the problem is...

  • Aug 31, 2024

Bitcoin OP_CAT Upgrade: Can Revived Satoshi Code Transform the Top Blockchain?

Bitcoin’s developer ecosystem is the hottest it has been in years. Projects, tools, and proposals to unlock new decentralized applications for the OG crypto network are now part of the mainstream Bitcoin conversation. One proposal central to that conversation is BIP-347, or “OP_CAT”—though called BIP-420 by some proponents—a potential soft fork upgrade that proponents think could supercharge Bitcoin’s capabilities. At a bare-bones level, what OP_CAT does is allow users to join, or “concatenate,”...

  • Aug 31, 2024

Charting the Global Economy: Inflation Eases in US and Europe

(Bloomberg) -- Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowOn a three-month annualiz

  • Aug 30, 2024

A U.S. Crypto Bill's 2024 Chances

Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a "Crypto4Harris" virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill.

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