Search Results for: Proof of Work

Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

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During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges …

Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

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The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of…

BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets

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The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to…