Telegram Introduces New Programming Language for TON Network

Privacy-focused encrypted instant messaging service Telegram has created a new programming language for its Telegram Open Network (TON), according to a post on the project’s Telegram channel published on May 23. The post introduces a new language called Fift that is specifically designed for developing and managing TON blockchain smart contracts, and interacting with the […]

Report: Telegram to Launch TON Network in Q3 2019

Encrypted messaging service Telegram will purportedly launch its Telegram Open Network (TON) in the third quarter of 2019, according to crypto news site The Block. An internal memo sent to investors reportedly said that the network would launch later this year. Telegram purportedly said that a recent successful test process “reaffirms our belief that the […]

Ethereum Foundation Announces Details on $30 Network Development

The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21. The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 […]

Scaling Bitcoin: Is the Lightning Network a Viable Solution?

In laymen’s terms, the Lightning Network (LN) is a protocol built on top of the Bitcoin, Litecoin, and Monero blockchains; these protocols are called “layer two protocols” because they run on top of an existing network. By moving away from the main chain, layer two protocols help the overall network experience less latency as it […]

UK-Based Global Funds Network Calastone Switches Entire System to Blockchain

London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20. Per the release, the migration of the company’s over 1,800 customers over 41 markets “represents the largest community of global financial services organisations […]

Mutual Funds Network Calastone’s ‘Real-Time’ Blockchain Platform Is Live

Calastone, a transactions network for the mutual funds industry, has moved to its own blockchain-based settlement system, the firm announced Monday. The new system, the Distributed Market Infrastructure (DMI), is designed to enable cheaper, “friction-free” trading, settlement and servicing of funds in real-time, the firm said. London-headquartered Calastone serves over 1,800 customers across 41 countries, including […]

Stellar Lumens Network Halt: Trading Off Double Spends for Downtime

The Stellar Lumens Network came to a grinding halt after network validators were unable to reach consensus. The Stellar Development Foundation revealed the measures they will take to reduce such downtime in a blog post, May 17, 2019. Stellar Network Went Down for an Hour On May 15, 2019, the Stellar network completely shut down […]

Stellar Network Went Down For 2 Whole Hours. Did Anybody Care?

By CCN: Stellar, the Ripple fork founded by Jed McCaleb after disagreements with decisions at Ripple, went down for about two hours yesterday. Tim Swanson alerted Twitter to the issue, and a Stellar representative confirmed its occurrence. Experts Notice, Story Goes Viral, Stellar Goes On Defense Breaking: yesterday the Stellar network went down for about […]

Nuo Network Announces Wyre Integration for Mainstream Adoption, Lets Users Earn Interest with Debit Cards

Starting today, cryptocurrency users in the United States will be able to earn interest on their digital assets. Decentralized finance (DeFi) marketplace Nuo Network is partnering with Wyre to open peer-to-peer lending and borrowing to millions of people in the country. Users will only need to link a debit card and they’ll be able to […]

Lightning Network Is Driving Bitcoin’s Resurgence

By CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge. As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist […]