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Pepe Unchained ($PEPU) continues to hit the home run in its presale, now with over $3.9 million raised. The new and improved version of Pepe, living on its own Layer 2 chain on Ethereum, has gained further momentum for its presale in the meme coin sector’s bullish comeback. Pepe Un chain ed is riding high on the success of its predecessor Pepe ($PEPE). With a few days left until its one-month anniversary, Pepe Unchained is aiming for the $5 million mark next. Currently priced at $0.0084598, $PEPU will rise to $0.00849370 in its next presale stage, which will take place in less than two days. Once listed on a major decentralized exchange (DEX) or centralized exchange (CEX), $PEPU’s current discounted price will likely be a thing of the past, akin to Bitcoin’s early days when it was used to buy pizzas.  This is especially true given the massive investor interest in $PEPU, suggesting that the market is banking on it to be ...

Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem. The Ethereum (ETH) ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly open sourced codebase Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality. Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cointelegraph exclusively about the new tool set which is publicly available on a Github repository: “The motivating idea is simple: it should be easy and seamless for developers to launch a ZK-powered Layer 2 on Ethereum, tailored to the requirements of their project.” Baylina added that a key aspect is that Polygon CDK enables automatic access to liquidity across all of Polygon’s chain s as well as the wider Ethereum ecosystem, providing “on-demand scale, without fragmenting liquidity". The Ethereum developer pointed to a nu...

Hong Kong’s Financial Secretary believes that Web3 will bring the next wave of breakthrough growth in entertainment. The Hong Kong official is betting on NFT, GameFi, Play to Earn, and immersive entertainment. The secretary recently inaugurated the Web3 Life Experience Hall in Cyberport, Hong Kong. Paul Chan, the Financial Secretary of Hong Kong, believes that web3 and block chain technology will drive the next wave of growth in the entertainment space. The government official is confident that non-fungible tokens (NFT), GameFi, Play to Earn, and immersive entertainment will help the industry, given the interest they attract from entertainment giants around the globe. According to a blog post by the Financial Secretary of the Government of the Hong Kong Special Administrative Region, Web3 and Block chain technology are expected to play a significant role in the global online entertainment market. The market itself is expected to have a compound annual growt...

It’s official. ZK Stack is now available to developers . Matter Labs, developers of the zero-knowledge layer-2 scaling solution zkSync Era, recently released the open-source code to the public. So what’s so special about it? Matter Labs’ Alex Gluchowski and Anthony Rose spoke to Blockworks on the 0xResearch podcast (Apple/Spotify) about the nuts and bolts of the Ethereum-compatible open-source protocol that rivals Optimism’s OP Stack. ZK Stack is a modular framework for building highly customizable blockchains, CEO Gluchowski told Blockworks. The layer-2 tech uses cryptographic zero-knowledge proofs rather than the “optimistic” approach to rollups, which assumes transaction validity unless proven otherwise.  Senior vice-president of technology Rose says the system includes all the “core components” that together would be used to form “hyperchains.” The stack will also include “the tooling around that,” he says, like compilers, SDKs for configurations and so forth. “Essentially,...

The proof-of-stake-and-activity (PoSA) consensus mechanism adds an extra layer of security to blockchain. Bitcoin (BTC) launched with the ideal technology for the era it was introduced in. Proof-of-work (PoW), the underlying consensus that predates the first cryptocurrency, provides a self-sustaining mechanism where numerous miners around the world can contribute to verifying BTC transactions. As the crypto ecosystem expanded and more use cases were brought to life, the PoW mechanism started showing its limitations, such as extensive energy consumption and slow transaction processing times. Blockchain networks that focus on building an ecosystem instead of addressing just one specific use case, such as Ethereum, have adopted the proof-of-stake (PoS) consensus mechanism, where verified stake in the ecosystem is vital for the security of the network. The dawn of the Web3 era, where a vast number of businesses established themselves purely on blockchain , brought a diverse set of user ne...

Blockchain has been integrated into various industries — agriculture is no exception. With AgTech, farmers have the ability to apply sensors, drones, GIS, farm-management software, robotics, machine learning and blockchain to their day-to-day work, giving them full control over their farms. Precision agriculture methods enable them to make better decisions and reduce costs. Yet not everyone embraces these tools. According to McKinsey, only 39% farmers use farm-management software and 18% take advantage of, or plan to use, precision agriculture with the lowest adoption rates in Asia. Barriers to mass adoption include high AgTech costs, lack of personalized, quality services and logistical issues. AgTech startups endeavor to fill the gap by making AgTech more approachable and attractive for investment. They came to investors’ attention in 2020 in the immediate aftermath of a pandemic that disrupted supply chains around the world, raising $6.2 billion. Though numbers have since dropped b...

Join Our Telegram channel to stay up to date on breaking news coverage The toolkit allows sidechain developers to modify their consensus algorithm and other unique features without compromising the security of the main chain. Following the news, one enthusiastic participant anticipates a significant increase in the price of the native token of the network, much to the increase in the price of eth between 2020 and 2021. The Input-Output Global (IOG) team, the creators of the Cardano ecosystem, will introduce a development toolkit later this month. With the use of this toolkit, programmers can design unique sidechains for the Cardano network to improve the ecosystem. The IOG team added the formal technical document for this toolkit while tweeting the announcement on Thursday. ⛓️ The #Cardano side chain toolkit was previewed at #IOScotFest, and we’re happy to share the first iteration is out now. Here’s the lowdown on this exciting new project! https://...

2022 is the year that most people from the crypto space will want to forget. Leaving aside the macroeconomic stability, a host of “bad news” incidents took place successively. With the durability being outrightly put to test, a few categories, like stablecoins, managed to collectively come through. Parallelly, protocols like Cardano also managed to put up a noteworthy show from the fundamental perspective. However, Binance Coin might have come up with the biggest surprise. Did BNB Chain Shield Itself From Crypto Winter? A recent blog post chalked out how BNB Chain made “significant strides” this year in terms of onboarding new users into Web3. The network’s considerable capabilities saw a “huge number” of DeFi, GameFi, and SocialFi projects deploy on the BNB Chain. As a result, the BNB Chain enjoyed significant growth in 2022, despite it being crypto winter. In terms of unique addresses, BNB Chain surpass crossed the 230 million benchma...