December 13, 2023

News Flashes

Although overshadowed by the buzz around generative AI in 2023, work on the next generation of Web3 apps and technologies continues. Here, experts in the field share their predictions for blockchain in 2024.

AWS is offering the preview release of Amazon Managed Blockchain (AMB) Access Polygon, helping developers to interact with the Polygon blockchain, a high-throughput, low fees, EVM-compatible blockchain, so they can build scalable applications quickly and securely.

The mainstream media detractors of blockchains and cryp­tocurrency articulate multiple criticisms of the technol­ogy, but the one with perhaps the greatest legitimate grounds is the environmental impact created by the original incarnations of Bitcoin and Ethereum. In the original Bitcoin white paper, Satoshi Nakamura out­lined the Proof of Work (PoW) algorithm. PoW is the core inno­vation within the Bitcoin blockchain that creates the immutable record of cryptocurrency transactions and supports "trustless" transactions between two parties with­out the need for third-party involvement.