Smart Token Chain Conducts Trial Run on Ripple Network
Smart Token Chain (STC), a blockchain project intended to “tokenize” financial information, has successfully executed its first Smart Token transaction across the Ripple Network. STC to Leverage Ripple to Help Alleviate Counterparty Risk. CTO of Smart Token Chain, Morris Mwanga, believes that the successful trial run of their concept has confirmed the robustness of their blockchain-based solution as a means of bringing speed, accuracy and security to transactions across distributed ledger platforms. Mwanga noted the platform achieves this by leveraging patent-pending “Smart Tokens”, which....
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In a recent Twitter thread, renowned XRP community lawyer Fred Rispoli shed light on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Rispoli’s insights suggest that the much-anticipated trial between Ripple executives Brad Garlinghouse and Chris Larsen and the SEC might never see the light of day. Ripple And […]
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees.
Binance Smart Chain Could Burn Gas Fees
Binance Smart Chain, the....
Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement. The trial will find the Japan-based financial services firm and R3 member, along with SBI Holdings, using Ripple's payment solutions to explore how cross-border payments could be conducted between the financial institutions. R3 will act as the consultant on the project. Representatives from Ripple said the trial is expected to evolve to the point where real payment information, and eventually, real funds, are moved between the companies. The startup, which....
The leading blockchain Virtual Reality (VR) Metaverse platform Dvision Network is set to migrate to the Binance Smart Chain network through the cross-chain bridge. Dvision Network has changed the blockchain space by offering users an ecosystem that encompasses NFTs and virtual reality. The migration to Binance Smart Chain could prove to be a masterstroke by the cutting-edge NFT Metaverse platform. Binance Smart Chain Offers Wide Range of Possibilities Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which....
During the first week of September, the Wormhole Network’s ethereum solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform.
Wormhole Now Connects Solana to Binance Smart Chain
The crypto asset solana (SOL) has propelled its way to the top seventh position, in terms of market valuation, among 10,000+ digital assets in existence.....