PROTOCOL
The set of rules of a system that governs how data is exchanged and transmitted. This term is often used to describe the technology behind certain blockchains and the rules that govern each specific blockchain network.
DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion
DeFi's value keeps surging with Decentralized Finance’s locked in value now at over $9 Billion
Aave Surpasses $1.7 Billion TVL Taking Number One Spot From Maker and Compound
Aave is taking the open finance sector by storm reaching number one on the Defi Pulse rankings, beating Maker and Compound.
Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting
The FATF has a wide range of recommendations, a total of 40 to ensure regulatory alignment between the compliance imposed on financial institutions and the regulations in its member states. The FATF Travel Rule is Recommendation 16, which has received a lot of attention from the crypto industry, especially virtual asset service providers (VASPs).
Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges
Chaintope, a Japanese blockchain startup, has developed a public blockchain protocol known as Tapyrus to tackle some of the governance issues currently being witnessed in the blockchain space. For instance, some of the challenges noted in public blockchains include privacy concerns and sluggish transaction speeds.
RIFT Protocol Solves the Scalability Problems in Blockchain
RIFT Protocol is a potential solution that could make the scalability problem in blockchain market a thing of the past.