#network

This offers access to a variety of metaverse services and applications, including digital football, live broadcasts, social interactions, and official digital personas within the metaverse. The 5G super network is situated in Beijing Workers’ Stadium. Furthermore, the Gongtai Meta Universe GTVerse experience center is set to commence internal testing in October.

Base, engineered on OP Stack as a second layer network, has managed to surpass Arbitrum and Optimism in the number of daily transactions this week. Data from The Block highlighted that on August 15, Base's moving average reached 610,000 transactions, while the counts for Arbitrum and Optimism stood at 576,000 and 597,000, respectively. Although Optimism currently holds a slight lead, overall, the networks are closely competing.

RocketSwap, a DEX on the Base Layer 2 network, suffered a hack, losing 471 ETH ($862,000). The team identified lapses, including offline signatures during launchpad deployment and storing private keys on the server. While some accused the team of a potential rug pull, RocketSwap blames a third-party hacker who brute-forced a server to extract private keys. Post-hack, the hacker moved assets to Ethereum, creating a meme token, "LoveRCKT", which saw a brief price surge on Uniswap before plummeting.

The founder of Cardano, Charles Hoskinson, stated that the Hydra protocol is not only active on Cardano's mainstream network, but it's also rapidly evolving. He highlighted the innovative transaction processing methods, including tiered pricing and the Babel commission system. Hoskinson's comment was in response to a user, going by the pseudonym 0xONLY.arf, who expressed the opinion that Cardano is merely following in Ethereum's footsteps, albeit a few years behind.

Stated to be a staggering 10 times faster than Solana, the network accomplishes transaction finality in just 250 milliseconds. Trading of the blockchain's native token (SEI) has started on different centralized exchanges, and it's now valued at approximately $0.19. There's also news of an airdrop, but claiming will be permitted only after the "initial warm-up period." The time frame for this warm-up has not yet been revealed.