Features Crypto News by Thebittimes.Com

io.net (IO), a decentralized graphics processing unit (GPU) network, has unveiled Co-Staking, a feature allowing IO token holders to share block rewards without operating any personal hardware, as detailed out to Finbold on Thursday, February 20.  The Co-Staking Marketplace connects IO token holders with network suppliers directly, making it easier to stake and track earnings.   https://t.co/jv7t9g4JCN — io.net (@ionet) February 19, 2025 Lowering barriers for io.net network participation Designed to meet the growing community demand, Co-Staking allows hardware suppliers to onboard more GPUs with a lower personal stake. Picks for you Elon Musk's DOGE could soon refund $5,000 to all US taxpayers; Will the markets react? 13 hours ago ...

The newly rebranded layer-1 blockchain Sonic (S) is being called the “golden standard” of layer-2s (L2s) by Andre Cronje, the project’s co-founder. Cronje claims on the social media platform X that Sonic, formerly known as Fantom, is the “only actual decentralized stage 3 L2.” “No fee extraction, all submits 100% to ETH, no ‘centralized value extraction’. Decentralized sequencing. Decentralized bridges. While the rest of the L2s continue to fake pretend to ‘decentralize’ (why would they when they get millions of fees per year?), we already did it. Scaled transactions per second to 16,000+ on the L1. Decreased storage by 98% even on archival nodes. Scaled L1 and jumped to the ‘golden standard’ of L2. Not even mentioning FeeM, FeeSub, and Dynamic Fees.” A South Korean computer scientist launched Fantom (FTM) in 2018. The project aimed to serve as a tool to aggregate smart contracts into ...

In a recent live stream, Charles Hoskinson, the founder of Input Output Global (IOG), shed light on the final phase of the Cardano (ADA) roadmap, Voltaire, and the integration of a new sidechain named Midnight. Hoskinson’s revelations on Cardano‘s next moves toward decentralization hint at groundbreaking shifts for this layer-1 blockchain ecosystem. Notably, Cardano is advancing towards a fully decentralized governance structure as it enters Voltaire. As part of the decentralization process, Charles Hoskinson announced the IOG’s decision to move all repositories to a community-run project called Intersect. This move will pave the way for the establishment of “partnerchains,” which are specialized blockchains that operate alongside the main Cardano network. Midnight, a privacy-focused sidechain, is a key component in this expansive network. Cryptocurrency The next Cardano? 3 cryptocurrencies set for massive growth in 2024 Cryptocurre...

The founder of ‘decentralized’ wallet provider Mixin Network has told users that the firm will ensure only “half” of their assets are safe, following a $200 million hack over the weekend that left users wondering how decentralized the project really is. In a Mandarin-speaking livestream on Monday, founder Feng Xiaodong said attempts to recover the lost funds were ongoing but “very difficult,” the Block reports. As a result, the company is looking into alternative ways to recoup user assets, as well as a new system for hosting user funds. While only half of the total user assets on the network are not affected, the other half may be recouped through what Feng called “bond tokens,” which users can claim in the hopes that Mixin Network will buy them back one day. Read more: Phishing attack on software firm Retool enabled Fortress Trust hack: CoinDesk At press time, Mixin’s token XIN has dropped 9% since the news broke, from $212 ...