Cosmos and Blockstack hackathons offer glimpse into DeFi’s future
A pair of hackathons from two fast-rising blockchain projects augur more composability, interoperability, and tooling for DeFi On Friday, blockchain projects Cosmos and Blockstack both announced winners of their respective HackAtom V and HackDeFi hackathons, each offering a glimpse into the coming wave of DeFi development — a vision including marked advances in tooling, interoperability, and composability. While the overwhelming majority of decentralized finance (DeFi) development remains concentrated on Ethereum, where over $16 billion in digital assets are currently locked by various....
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Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs. Onename Becomes Blockstack Labs. Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has....
San Francisco-based blockchain startup Blockstack.io has entered into an acquisition agreement with Digital Asset Holdings. The deal, announced this morning, marks the latest acquisition by Digital Asset, which announced it had purchased blockchain startups Bits of Proof and Hyperledger earlier this year. Launched in June, Blockstack is one of a number of startups seeking to offer private blockchain services to the world's finance industry. In August, CEO Peter Shiau told CoinDesk his company was working with prospective clients to better understand how the technology can be applied to....
In the past month, Blockstack's STX token quietly rallied 85% as network fundamentals improved and a key mainnet launch approaches. Blockstack's STX might not be on every investor's radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes.Blockstack (STX) 1-month chart. Source: Coin360.comThe company behind the token was founded in 2013 and raised money from Union Square Ventures, Naval Ravikant, Lux Capital and Digital Currency Group.The initial coin offering actually happened in September 2019, and the fundraise was $28 million....
Blockchain development firm Adoriasoft has released a new SDK that will give Cosmos chains superpowers. Its Cosmos SDK Parachain Development Kit will enable any Cosmos chain to be deployed on Polkadot, opening up Cosmos projects to the Substrate ecosystem of interoperable networks. The ramifications of this move are significant, with the potential to suck Cosmos […]
The blockchain-based domain name service (DNS) Blockstack, formally known as Onename, has announced a partnership with the Microsoft Azure platform. Developers will work with Microsoft to provide identity solutions, authentication, and storage services without the need for third-party arbitration. Blockstack: Self-Sovereign ID on the Blockchain. The....