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Is Cross-Chain Technology Future of Blockchain?



An increasing number of crypto projects are now utilizing cross-chain technology, clearing the way to an interconnected blockchain environment.

Cross-chains are beginning to dominate the blockchain landscape, with projects increasingly looking to interoperable solutions. In May a single transaction on Ethereum created more wrapped Bitcoin (wBTC) than the entire value of BTC held on the Lightning Network. The strength of wBTC has only continued to grow since, as greater numbers of individuals seek to unlock defi applications with the value of their bitcoin holdings.

The Total Value Locked in wBTC has shown little sign of slowing down since May. Photo: Defi Pulse 

Increasing numbers of crypto projects are now utilizing cross-chain technology, clearing the way to an interconnected blockchain environment. Interoperability and communication between chains is rapidly becoming the rule rather than the exception. Cosmos is one of the many projects driving this rapid change, with big name projects such as Binance Chain onboard, also supported by emerging players such as e-Money which is introducing its own range of currency-backed stablecoins to the network. 

Fresh Opportunities 

KIRA is a new decentralized liquidity exchange and one of the most interesting projects supported by Cosmos. KIRA proposes to do far more than simply provide a decentralized exchange on the network. The project will nurture a whole raft of new blockchain projects with cross-chain Multi-Bonded Proof of Stake (MBPoS). What makes MBPoS unique is that it allows for staking in crypto assets, digital fiat and commodities across multiple chains. With cross-chain interoperability the opportunity for investment is greatly improved. 

KIRA will leverage this staking method to create the Initial Validator Offering, a new form of crowdfunding in which investors will retain ownership of the startup capital. By staking assets across multiple chains, investors will mine entirely new tokens. This network effect will allow users to stake tokens and assets of one type to receive them as block rewards in the form of an entirely new token. 

According to KIRA co-founder Mateusz Grzelak, the future of blockchain will be increasingly interconnected. He explains:

“Multi-bonded Proof of Stake technology is what allows us to tap into the full potential of blockchain. The network effects and decentralization of KIRA’s IVOs offer more secure, stable crowdfunding than was ever previously possible, and with access to greater liquidity too.” 


Cosmos is by no means the only project thinking in cross-chain terms. Increasingly the defi space requires multi-chain data to fuel its growth. Band Protocol is a rising star in the defi space thanks to its positioning as a blockchain agnostic oracle, reflecting crypto and defi’s shift towards interconnectivity. 

Recently the project partnered with TRON, one of the top 20 cryptocurrencies by market cap, further bolstering its defi credentials. TRON has been making significant inroads into the defi market of late, with its own stablecoin JUST (USDJ) and JustSwap, a decentralized trading protocol for automated liquidity. Band Protocol will bring cross-chain functionality to its growing list of defi apps. 

Cross-chain solutions are also being touted as a potential solution to the growing pressure on the Ethereum network. Matic and Loom are among the established solutions offering Ethereum bridges to alleviate pressure on the beleaguered network. One emerging contender to their cross-chain crown is OIN Finance, uses cross-chain technology to support Ethereum, QTUM and multiple other blockchains on the OIN network in a solution which they have called “the gateway to DeFi.” 

Last-Mile of DeFi 

There is a gateway to DeFi and a last-mile to DeFi. One company,, is a cross-chain scalability network featuring decentralized computing, database storage and a DID framework. Aleph is currently focused on supercharging the DeFi ecosystem by partnering up with projects such as Serum, Jarvis and Orion Protocol. 

Thanks to aleph’s transformative technology, DeFi projects can finally decentralize the last mile of their tech stack (remove their off-chain dependencies), leverage the full power of cross-chain composability and tap into the huge source of interchain liquidity. Last but not least, these projects also gain access users from all our supported chains. The currently supported chains are Ethereum, NEO, NULS and Binance Chain. 

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Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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Fidelity Buys 7.4% Stake in Marathon Digital Holdings




Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.

American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.

Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the production of digital assets. It manages 19000 miners, with an additional 100,000 electronic devices to be implemented in the next 12 months.

The agreement for the deal was concluded at $20 Mn on 22nd July. The shares were distributed across four index-based funds- The Extended Market Index Fund, Fidelity Nasdaq Composite, Fidelity Total Market, and Fidelity Series Total Market Fund. The exchange hoists Fidelity at par with companies like Vanguard Group, Susquehanna, and Blackrock, which already own 7.58%, 2.7%, and 1.59% stakes in Marathon. Even though the percentage distributed to each Index is small, most of the funds are famous in the retirement accounts.

Fidelity holds a top position as one of the world’s largest financial service companies. It has $4.9Tr in assets under a responsibility with more than 35 million clients all over the world. It is known to manage businesses, especially indulging in mutual funds and brokerage services. The purchase reflects the increasing trend among investors to conform to the crypto industry via traditional equity or debt securities.

According to, Marathon is a well-liked stock among institutional asset managers with 18 exchange-traded funds currently held by the Marathon group. During a recent interview, Chief Executive officer Fred Thiel exclaimed at the recent affirmation gained by his firm. Thiel said that the past year has witnessed a skyrocketing increase in possession of the company’s stocks. He also added that the company focuses on deploying resources to utilize mining equipment, therefore it prefers to select partner agreements with hosting and power facilities.

Shares in mining stocks have become a public favorite due to their ability to follow the Bitcoin market with heightened instability. Two days ago, the company declared a 66% rise in its Bitcoin production (month-over-month). Marathon has mined 442.2 BTC priced at $16.6 Mn. The company holds a total of 6,225.6 Bitcoins at present, which are valued at $245 Mn. Where BTC increased to 240% since the beginning of this year, Marathon’s shares have peaked at 660% at the very same time.

The credit for the drastic increase in mining activities can be given to China’s recent clampdown on mining activities in the country. This resulted in a prominent decline in Bitcoin’s network hash rate since miners began immigrating to other crypto-friendly nations.

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Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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COINTIGER Will List $LEOS, Utility Token of Leonicorn Swap Ecosystem




At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The Singaporean cryptocurrency exchange Cointiger will list LEOS token, the utility digital asset of the Leonicorn Swap ecosystem. As unveiled in a Press Release shared with Coinspeaker, the Cointiger listing complements the prior listing of the token on PancakeSwap decentralized exchange, marking a new milestone in the project’s roadmap.

The listing of $LEOS on Cointiger will help expand the accessibility of the token to a diverse crypto-savvy population in Asia as customers will be able to access a fiat on and off-ramp for the token. 

The Leonicorn Swap Ecosystem: Multifunctional DEX Platform

The Leonicorn ecosystem is a multifunctional and all-in-one platform that offers an Automated Market Maker (AMM) exchange as its unique value proposition. The exchange is built on the Binance Smart Chain (BSC) network, offering a blend of high transaction speed at a very cheap cost. The Leonicorn exchange particularly sought to upturn the lapses in both centralized (CeFi) and decentralized finance (DeFi) ecosystems respectively.

In solving the deficiencies of CeFi, Leonicorn Swap looks to address the “security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators,” as noted in the shared press release.

On the other hand, the DeFi limitations bordering on the lack of scalability and the network congestion of ecosystems built on the Ethereum blockchain that largely always result in expensive or overcharged transaction fees. Leonicorn Swap is built with user-friendly features that can easily be adapted by both veteran traders, and those new to the ecosystem entirely.

Beyond the traditional offerings, the Leonicorn ecosystem also aims to metamorphose into an Initial Decentralized Offering (IDO) as well as an Initial Farming Offering (IFO) platform respectively. The unique target of the ecosystem is to serve as a one-stop shop for anything DeFi, with plans to infuse a Non-Fungible Token (NFT) marketplace in due time.

CoinTiger New Listing: The Leonicorn Swap Token (LEOS)

At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The LEOS token has superior tokenomics with sustainability at the core of its existence. The token is designed with deflationary properties, a feature that will induce scarcity and contribute to the inherent value of the token over time.

As a relatively new token, the team behind the Leonicorn Swap platform desires to foster broad accessibility of the asset, stirring its push to be listed on Cointiger. The team has also nurtured the plans to take the token into additional centralized exchanges in the coming months per its road map.

The Leonicorn Swap platform was founded by Mofassair Hossain who doubles as its Chief Executive Officer. Along with his teammates, Hossain has designed the Leonicorn Swap and the LEOS token as new ways to showcase the superior capabilities of the BSC network and how it can be harnessed to power a broad range of functional ecosystems.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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ETH Price Shoots to $2700




While there’s been all excitement surrounding the EIP-1559 implementation, some independent developers have pointed out some issues with debugging the Ethereum DApps post the upgrade.

The wait is finally over and we are just four hours away from the upcoming London hard fork upgrade, the euphoria in the market is clear as the Ether (ETH) price has shot up more than 8% in the last 24 hours.

At press time, Ethereum is trading 8.35% up at a price of $2681 and a market cap of $313 billion. The London hard fork will bring the much-awaited EIP-1559 protocol implementation to the Ethereum (ETH) blockchain network.

EIP-1559 changes the way transactions happen on the network. At present, the users have to do guesswork on how much they will have to send to the miners. The EIP-1559 implementation will include a base fee. This will introduce further transparency while lowering the transaction costs.

The EIP-1559 burns the transaction fees. Thus, instead of going to miners for approving transactions, the ETH for the base fee will go out of circulation while moving it to an inaccessible wallet.

Tim Beiko, a developer at Ethereum Foundation said that EIP-1559 will lower the rate of ETH generation. If the Ethereum network faces congestion and the base fee goes above 150 gwei, the network will burn more in transaction fees with each block produced. It means that ETH will continue to experience deflationary pressure with the implementation.

Debugging Ethereum DApps Will Get Harder

While there’s all the excitement around EIP-1559, the implementation will make debugging applications on Ethereum even harder. In order to maintain backward compatibility with wallets and other blockchain services facilitating transactions, the EIP-1559 will retain a field for these services specifying a gas price.

Now the gas price represents a conversion between the unit of gas and Ether. This is usually set by the user to incentivize miners on the blockchain. However, with EIP-1559 implementation, the network will automatically determine the minimum gas price dubbed “base fee”.

Thus, users won’t need to specify the gas price. Instead, they can specify their maximum willingness to pay for the transactions. After that, the network will deduct the base fee from the user’s maximum willingness to pay. Later, the network will return the difference back to the user’s account balance.

As per the current code specifications for EIP-1559, it will return the value of the user’s maximum willingness to pay by gas price only before the transaction has been mined into the block. Upon mining, the value of the gas price fee will change to base fee.

This changing value based on time and the state of blockchain brings a new challenge for DApp developers trying to debug the code. During an All Core Developer meeting last month, independent software developer Micah Zoltu raised this issue. Zoltu noted:

“Any time you’re debugging an issue and the behaviour changes based on when you look at it, that becomes a very, very hard bug to debug. I suspect that most users and dapp developers and library authors and whatnot probably are not watching closely on these things and they will not realize that there’s a change in behaviour and the gas price field”.

As a result, Zoltu has proposed removing the gas price field during the next backward-incompatible Shanghai upgrade.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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