Dapper Labs enable Google Cloud to host the Flow of Blockchain

Google has teamed with Dapper Labs to host Flow's networks on Google Cloud, as part of a strategic partnership. It was designed with a non-fungible token (NFT) collectibles and crypto games in mind when it was developed. In addition to assisting with the scalability of Flow, the collaboration is a continuation of Google's hosting of several blockchains.

Besides showcasing its NBA Top Shot project, it will also be home to the digital fashion portal Neuno and the leading digital marketplace OpenSea. The company is the third-largest cloud hosting provider in the world, behind only Amazon and Microsoft. Google has teamed up with Flow to give public blockchain hosting services to the general public. Flow's new services will make it easier for developers to connect to nodes more efficiently and seamlessly. On the Hedera Hashgraph's first public ledger, the governing council includes Google, which is a member. When it came to running an EOS node on the public blockchain in 2020, it was a serious competitor. The goal is to make Flow as easily accessible and scalable as possible for as many people as possible. In addition, Deutsche Telekom operates nodes on the Flow and Celo public blockchains, which are primarily focused on mobile payments.

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White Hat hacker was offered a $500,000 reward from Poly Network

Following a breach that resulted in the loss of $610 million by cryptocurrency exchange Poly Network earlier this week, the company announced a $500,000 "bug reward" to whoever was responsible. With an emphasis on enabling users to move or exchange tokens across various blockchains, Poly Network is a decentralized finance (Defi) platform that enables peer-to-peer transactions intending to facilitate peer-to-peer transactions. He had "helped us improve Poly Network's security," the company said. A "white hat" hacker tries to disclose cyber vulnerabilities. "Mr. White Hat" was also to get a $500,000 reward as part of the digital money repatriation talks. It said that the hacker had replied to the offer, but did not specify whether or not the offer had been accepted. However, it has been reported that the hacker has returned $340 million in money and has transferred the bulk of what is left to a digital wallet owned by them and Poly Network, acc

Why Energy Concerns Around Blockchain May Be a Misconception

Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.

Understanding the technology underlying cryptocurrencies

Blockchain technology could prove transformative for industries, including financial services. A primer on technology, sponsored by the Organization for Economic Co-operation and Development, was recently published. It highlights the array of opportunities and challenges that blockchain's popularity could have on the financial industry, among many other fields. A blockchain is a shared ledger of transactions between parties in a network. It can diminish the role of intermediaries in the transfer of data. The Organization for Economic Cooperation and Development (OECD) sees far-reaching potential for blockchain in the global economy. Blockchains can vary in the way they operate. One of the prime strengths of a blockchain is its immutability. Once a transaction is made to the ledger, it can not be undone. The first U.S. bitcoin futures exchange-traded fund became available in October 2021. Forty percent of fund selectors report that clients are increasingly demanding cryptocurrency

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