3 Big Blockchain Companies Teamed Up on a DeFi Product That Pays Passive Income

Cosmos, Polkadot, and Terra have announced “Anchor.” In a special announcement made at the Unitize conference on July 6,  Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits. The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Do Kwon, founder and CEO of Terra, explained in a prepared statement: “While DeFi staples such as Maker and Compound have been revolutionary in creating fully decentralized crypto money markets, the volatility of their interest rates makes them unsuitable to be used as a household savings product.

This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

This Eastern European proof-of-stake upstart believes it has better technology than Cardano, EOS, & Algorand. Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elr

Qtum Preps for Mainnet Hard Fork With New Testnet Event

Qtum completed a testnet hard fork prior to launching its mainnet hard fork. Proof-of-Stake, or PoS, blockchain Qtum successfully completed a hard fork of its testnet in preparation for the launch of its mainnet hard fork. According to a statement sent to Cointelegraph, the upgrade went live on the testnet at block 625,000 on June 29.

Transaction Finality in the PoS Network

Transaction security in the blockchain is often interconnected with the problem of the block-finality.

Ethereum Update Indicates 2.0 Still Coming Along

Ethereum's blog shows ETH 2.0 still chugging along with developments. A recent post on Ethereum's blog shows the network's version 2.0 is still coming, noting several developments since its last update. "Aside from written updates [...] and other public summaries, client teams, contributors, and community members/prospective-validators have been busy," said a June 23 post on the Ethereum blog. Ethereum 2.0 still en route A long time coming, Ethereum 2.0, or ETH 2.0, still has not yet gone live with the network's transition into proof-of-stake, or PoS, consensus.  The network's blog posted its 12th ETH 2.0 update recently, stating a team hard at work.

Ethereum 2.0 Likely to Affect DeFi and DApps With PoS Introduction

The first stage of Ethereum 2.0 is almost here, but how will the DApp and DeFi space adapt to this change? While Ethereum has brought about a whole new realm of possibilities due to its native token Ether (ETH) and its smart contract and tokenization capabilities, it is often faced with challenges such as network congestion, relatively low transaction times and throughput, large blockchain size and excessive electricity use for mining — all issues Bitcoin also shares. While Bitcoin (BTC) was created by an anonymous developer that left the network to be developed by its capable community, Ethereum was always envisioned with a roadmap and a team behind it.