Free TON achieves mainnet status after reaching ‘sufficient decentralization’
With more than 400 validators and DAOs, Free TON is now considered in mainnet status. The Free TON project, a community-led software fork of Telegram’s ultimately ill-fated attempt at launching a blockchain, announced on Tuesday the launch of the project’s effective mainnet.The network had originally launched in May 2020, building on Telegram’s code base but otherwise showing no association with the communications company and related $1.7 billion initial coin offering.Tuesday’s mainnet announcement is mostly a formality, as it does not involve new network launches. Instead, the developers....
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The Free TON community declares achieving sufficient decentralization and mainnet status as a consequence on December 22, 2020. One of the Most Decentralized PoS Networks in the World Free TON was launched May 7, 2020 as a true community-driven, decentralized blockchain network. No ICO. No entity. No funding. No token sale. TON Crystals are distributed on the basis of merit. Bring something, get something. Tangible contributions to the network via contests or collaboration proposals, coupled with diverse use cases, are used as token dissemination triggers. To date, over 100 contests have....
The blockchain network Solana had issues processing blocks on September 14 and according to a status report on September 15 at 2:01 a.m. (EST), the Solana validator community “successfully completed a restart of Mainnet Beta.” Solana Validators Restart Mainnet Beta Solana is now a member of the club of blockchains that have stalled for several hours stopping people from sending SOL transactions, using decentralized apps (dapps), and troubling block explorers and wallets with significant issues. During the early morning hours on Wednesday, following Solana’s block....
The investment round, which was led by Runa Capital and RTP Global, will go toward funding its decentralized blockchain network. TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding mechanisms. Dmitry Chikhachev, a general partner at Runa Capital, said TON Labs is the only blockchain company to receive....
XinFin has rolled out stupendously after its Mainnet launch on June 01, 2019. Notably, it’s been two years since its mainnet launch. With the mainnet launch, XDCe has been swapped to XDC token. It is expected the trading volume to go high with the conversion. According to CoinGecko, the XDC price is $0.058 with a […]
The EU Court of Justice has ruled that Bitcoin exchange is exempt from VAT in a landmark ruling. The news follows a dispute in Sweden over the tax status of Bitcoin, with the Swedish Tax Agency lobbying for the rules to be relaxed and publishing a recommendation that this should occur. Previously, the VAT landscape in the EU varied between states, with some exempting Bitcoin services such as Finland and Spain and some requiring the currency to adhere to standard tax laws common to fiat currencies. “So, even a temporary ‘tax free’ status will get more people into cryptocurrencies [...] They....