UBS Expands Tokenization Horizons with Ethereum-Based Money Market Fund
UBS expands Project Guardian, a blockchain-based initiative, to enhance market liquidity and accessibility.
Blockchain-based technology represents a digital ledger of economic transactions that can also be programmed to record not just financial transactions but everything that has any value.
Simply put, it’s a time-stamped series of immutable records of information that’s managed by a cluster of computers that aren’t owned by any single entity.
The data sets are compiled in blocks (hence the “block”) and bound to each other using cryptography (hence the “chain”).
These networks are governed by consensus algorithms that dictate how the blocks are created and added to the blockchain. The two most popular ones up to date are Proof-of-Work and Proof-of-Stake.
Proof-of-Work (PoW) is perhaps the most popular consensus algorithm, and it governs Bitcoin’s network. With it, each participant must compete with the rest to solve a difficult mathematics problem, using the processing of computing power. The first one to solve the puzzle gets a reward for the work.
With Proof-of-Stake (PoS), there is no competition because an algorithm chooses the block creator based on the user’s stake (the cryptocurrency he owns and uses for stake). There is no reward for adding a block; instead, the block creator takes the transaction fees.
It’s also worth noting that there are public and private blockchains. With the former, anyone has access to the ledger. Typing an address will reveal the current balance, as well as the list of transactions that the address had sent and received. This is the reason why Bitcoin is not considered anonymous.
UBS expands Project Guardian, a blockchain-based initiative, to enhance market liquidity and accessibility.
BIS, France, Singapore, and Switzerland collaborate in Project Mariana, testing cross-border trading of wCBDCs.
Chiliz and Socios partnered with Tottenham Hotspur to launch SPURS Fan Token, expanding global sports ecosystem.
Ethereum's ACDE 171 event focused on network security, privacy, Devnets, audits, Holesky launch, private ETH transfers, and EIP-6780 changes.
5 out of 6 top Ethereum block builders comply with OFAC sanctions. Most blocks follow OFAC rules after government's Tornado
In an exciting interview at Token2049 in Singapore, Richard Ma reveals the biggest challenges for new projects and how to
Nansen's users' password hashes have been compromised in an attack.
Eclipse's L2 architecture will optimize parallel execution, reducing chain-wide fee hikes caused by high-demand apps
Vara Network allows its users to "extract the best of Web3 technology," the team behind the entity stated.
Friend.tech has been one hell of a journey altogether, and it seems that it's nowhere near its end, despite the