Amidst the challenges posed by the crypto winter, Ethereum layer-2 developers such as OP Labs, Polygon, and Matter Labs are competing for contracts within the Celo blockchain's new network, where customer demand is limited, leading to layoffs at major firms.
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.
Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business.
The developer’s OP Stack software, the blueprint for Coinbase’s new Base blockchain, had been criticized for the lack of a crucial security feature – likened to driving a fast car without airbags.
It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.
As Coinbase, the big U.S. crypto exchange, plans to launch its new Base blockchain on Wednesday, CoinDesk interviewed Jesse Pollak, Coinbase's head of protocols, who’s leading the effort. Here’s an excerpted version.
Crypto companies and DeFi projects just closed their worst quarter since 2020, with the sector securing just over $1 billion in venture capital as the chill of crypto winter drags on.