In a hour-long podcast interview with The Kusamarian, Wood touched on how JAM represents a step towards his “original concept” of a world computer that’s scalable enough to “compute significant amounts, like global amounts of transactive computational data.”
Wood added that based on “back of the envelope calculations,” which he cautioned should be taken with a “very, very, very large pinch of salt,” JAM could manage, “500,000 times the EVM computation performance [...] maybe into the millions.”
DeFi Navigation app comes to Polkadot
MapMetrics, a drive-to-earn navigation app which enables users to earn rewards by mapping the world, has migrated to peaq from competing blockchain Solana.
Peaq is a Polkadot-based parachain that specializes in supporting decentralized physical infrastructure networks, or DePINs. This involves using blockchain to run and maintain decentralized networks of physical hardware, including sensors, wireless infrastructure, and energy grids.
With an ever-growing number of blockchain projects, achieving interoperability and scalability between blockchains is increasingly important.
Polkadot’s solution to this challenge is ‘parachains,’ a technical approach to allowing distinct blockchains to scale and work together effectively and safely, leveraging the Polkadot network’s guarantees of security, isolation, and communication.
What are parachains?
Unlike most other blockchains such as Ethereum, Polkadot isn’t built to have much inheren...
MapMetrics has 55,000 users and devices in 177 countries, as well as a partnership with Microsoft’s Bing Maps.
The start-up said it hopes the migration away from Solana will help to promote synergies with other DePINs in the peaq ecosystem.
Polkadot joins Rug Radio at Southeast Asia Blockchain Week
PolkaPAT, co-curator of Polkado APAC and Polkadot SEA, joined Rug Radio contributor Pukerainbow at Southeast Asia Blockchain Week for a discussion on the Polkadot ecosystem in Asia.
The conversation ran the gamut of topics, including how the Polkadot community is set to vote ahead of the latest JAM Upgrade, and how a growing number of western Polkadot developers are looking towards Southeast Asia for growth and vice versa.
Acala unveils Sinai update
Acala, a parachain within the Polkadot ecosystem, has announced its Sinai Upgrade.
The upgrade will focus on multichain integration, using XCM (Cross-Consensus Messaging) and Wormhole to enable cross-chain transactions.
Users will be able to access staking, liquidity provisioning, and lending across major platforms such as Polkadot, Ethereum, and Solana.
Texas sheriffs used power tools this week in retrieving $32,000 from a Bitcoin ATM after a Jasper County family said they were scammed out of funds, according to local law enforcement.
The family said it had lost $25,000 to the fraudsters.
An image shared by the Jasper County Sheriff’s Office on Facebook shows sparks flying as an official uses what appears to be a circular saw to crack into a Bitcoin Depot kiosk. Other images show stacks of hundred dollar bills, evidence bags, and a gas station...
The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July.
Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly.
With infl...
USDC issuer Circle was buoyant in pre-market trading Friday, climbing above $236 ahead of the opening bell. That put it ahead of the $235 price target set by Wall Street research firm Seaport Global, which initiated coverage of the company today with a buy rating.
But once the bell rang, the company's stock, which trades on the NYSE under the CRCL ticker, settled and is currently changing hands around $228, or 14% higher than its previous close.
Seaport announced that it was initiating coverage...
