TangoChain Debuts The World's First Gaming-Only Blockchain Platform

It has been announced that TangoChain will launch the world's first blockchain that is entirely comprised of gaming applications, play-to-earn games, and non-fungible tokens (NFTs). The initiative's goal is to allow gamers to profit handsomely while also creating non-fungible tokens as a byproduct of the initiative (NFTs).

TangoChain has the potential to shape the future of blockchain technology, which is known as the third generation of the technology. The distinguishing feature of this generation is a blockchain that has been fully specialized for its purpose, with infrastructure and services that are tailored to its needs. TangoChain mainly focuses on gaming and NFTs features, instead of incorporating them as optional extras like other blockchain platforms.

Through the use of TangoChain's proof of game protocol, users can help secure the network and validate transactions simply by participating in their favorite game on the TangoChain blockchain. Through this process, they are rewarded for their gaming efforts, resulting in an environment where everyone benefits. In order to verify transactions on the TangoChain network, TangoChain users must stake their cryptocurrency holdings. It is possible to divide the proof-of-game protocol into four distinct parts. Short, simple, easy to verify, non-interactive, argumentative, and filled with knowledge. Tango's protocol can be implemented more quickly and efficiently with Zk SNARKs, which reduces the amount of energy consumed.

When it comes to gaming, Tango wants to make sure that the experience is complete and faultless. It comes with a built-in wallet that eliminates the need to use any off-chain services. Tango will begin raising funds through venture capitalists with the goal of raising a total of 50 million BUSD.

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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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