Latest News for: Off chain Blockchain

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Unlocking the Future: Integrating AI with Decentralized Blockchain Networks

Cryptopolitan 02 Oct 2023
Cross-chain solutions Develop ... Off-chain computation. Conduct resource-intensive AI computations off-chain or on specialized sidechains ... The adoption of energy-efficient consensus mechanisms and off-chain computation will make the integration of AI with blockchain more sustainable.
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US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC

Bitcoin 30 Sep 2023
New Legislation Targets Off-Chain Transfers in Crypto Industry ... Beyer’s press release underscored that the advent of crypto trading platforms, coupled with an aspiration to expedite transaction times and diminish costs, leads to thousands of transactions transpiring “off-chain” daily, absent from the public eye on the blockchain.
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PayPal’s Blockchain Foray: Layer-2 Solutions and NFTs in Focus

Bitcoin World 30 Sep 2023
Financial payments behemoth PayPal is venturing deeper into the blockchain realm with a keen eye on Layer 2 solutions and non-fungible tokens (NFTs) ... The first patents explore innovative methods and systems to facilitate off-chain transactions within NFT marketplaces.
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Over $892M Stolen in Oracle Manipulations Since 2020: Binance Research

CryptoPotato 30 Sep 2023
Oracles serve as bridges between the worlds of on-chain and off-chain, enabling blockchains to tap into real-world information ... While oracles significantly enhance the functionality of blockchain networks by enabling the execution of tasks guided by real-world inputs, exploits due to oracle manipulations cannot be overlooked.
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Why is Blockchain Governance Important?

Bitfinex 29 Sep 2023
Off-Chain Governance. In off-chain governance, decisions are made outside of the blockchain through forums, developer meetings, and other mechanisms ... In off-chain governance models, the process of decision-making occurs externally to the blockchain itself, often facilitated through various community engagement platforms.
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A new US law will oblige businesses to notify the CFTC of off-chain transactions.

Bitcoin World 29 Sep 2023
The innovative legislation’s core aim is to fortify the protection of cryptocurrency investors, not only in cases of disputes, manipulation, or fraud arising from off-chain transactions but also from transactions occurring beyond the confines of the blockchain network itself.
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PayPal submits a patent application for an NFT marketplace for off-chain asset trading.

Bitcoin World 29 Sep 2023
This revolutionary system is engineered to facilitate NFT transactions, both on-chain and off-chain, heralding a new era of digital asset exchange ... Off-chain transactions are seamlessly managed within an “omnibus wallet” linked to the service provider, housing both the buyer’s and seller’s wallets.
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The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains

Bitcoin 28 Sep 2023
While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions ... Layer two or L2 solutions take advantage of the security of an existing layer one blockchain while enabling faster and cheaper transactions off-chain.
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Demystifying the Scaling Decentralized Applications (DApps)

Cryptopolitan 28 Sep 2023
Achieving interoperability between different blockchains and off-chain resources is a complex challenge ... Layer 2 solutions are off-chain or sidechain protocols designed to enhance the scalability of DApps ... These solutions allow DApps to process transactions off-chain while ensuring the security of the main blockchain.
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The Lightning Network Makes Bitcoin Unstoppable: Bitcoin Backstage with David Marcus

Bitcoin Magazine 28 Sep 2023
The Lightning Network is a second-layer, off-chain scaling solution built on top of the Bitcoin blockchain ... By conducting transactions off-chain, the Lightning Network relieves the majority of the burden on the main blockchain, allowing for faster and cheaper transactions.
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Chainlink CCIP Goes Live on Base

Victoria Advocate 27 Sep 2023
As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
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Coin98 Labs and Chainlink Labs establish channel partnership

CryptoNewsZ 26 Sep 2023
Coin98 Labs is an open-framework financial solution creator that is deeply involved in building an ecosystem containing DeFi protocols, applications, and NFTs on various cross-chains ... Chainlink helps builders create Web3 applications by providing connectivity to real-time data and off-chain computation through all blockchains.
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Rodarmor Returns: Announces "Runes Protocol" To Compete With BRC-20

Bitcoin Magazine 26 Sep 2023
Basically, it comes down to the fact that all of the others either work off-chain or are address (account) based. According to Casey, the off-chain fungible token protocols require you to reconcile the off-chain data with the blockchain, creating an awkward user experience.
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Chainlink CCIP Goes Live on Arbitrum One

Longview News-Journal 21 Sep 2023
As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data, off-chain computation, and cross-chain interoperability across any blockchain, providing global enterprises with a universal gateway to all blockchains.

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AP / Ukrainian Presidential Press Office via AP
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