Blockchain Network: Sony Launches Test Network for Soneium
Sony has launched a public test network and a new developer program for its blockchain network named Soneium. According to BTC-ECHO, a leading Bitcoin and blockchain medium since 2014, Soneium is based on the Optimism Stack (Op Stack), a Layer-2 solution for Ethereum. Sony aims to leverage its expertise to drive the adoption of blockchain applications.
In parallel, the tech giant is also introducing its own developer program to foster innovation on the platform. Initial partners include networks like Circle, Optimism, and Chainlink. The launch of the test network could signal an increasing integration of blockchain applications in Sony's core industries.
Sony Launches Own Ethereum Layer-2 Blockchain "Soneium"
According to Crypto Valley Journal, Sony is preparing to introduce its own Ethereum Layer-2 blockchain "Soneium." This initiative, spearheaded by Sony's Block Solutions Labs, aims to leverage the company's global reach to make blockchain technology more accessible.
The joint venture between Sony Group Corporation and Startale Labs is set to officially commence in September 2024. The new platform integrates zero-knowledge rollup technology to support decentralized applications (dApps) in entertainment, gaming, and finance sectors.
Crypto News: TON Blockchain Resumes After 7-Hour Downtime
Users of the Toncoin (TON) blockchain recently experienced a shock when the network went down for seven hours due to high traffic. Wallstreet:online reported on this incident as well as other issues surrounding the arrest of Telegram's founder Pavel Durov.
Despite these challenges, the problem was resolved, and transactions are now proceeding as usual. However, it remains to be seen if this will be enough to reassure investors long-term, as both Binance and Bybit temporarily suspended trading of Toncoin.
Interview with DMD Diamond: Community-Driven Blockchain Projects Have Future
DMD Diamond focuses on faster transaction times, improved security, and decentralization, according to Cointelegraph Germany, a renowned crypto news medium. Helmut Siedl, head of DMD Diamond, emphasizes that open decentralized multichain protocols are crucial to ensuring interoperability between different blockchains.
DMD Diamond's unique combination of EVM-compatible smart contract functionality and the HBBFT (Honeybadger) consensus mechanism offers dynamic block times, instant transaction finality, censorship resistance, and front-running prevention, which are particularly important for DeFi.
Advanced Blockchain: Stock Price Plummets - Issues with Cyprus Subsidiary
Advanced Blockchain AG is currently facing significant problems after faulty bookings were discovered at its subsidiary Incredulous Labs Ltd. As reported by 4investors, these errors are causing a burden on the group's earnings amounting to approximately €1.3 million.
Due to the unusable audit results, another annual audit has been ordered.
Sources:
- Blockchain-Netzwerk: Sony startet Testnetzwerk für Soneium
- Sony startet eigene Ethereum-Layer-2-Blockchain "Soneium"
- Krypto News: TON Blockchain läuft nach 7 Stunden Stillstand wieder
- Blockchain kann immer noch von der Community und für die Community gebaut werden – Interview mit DMD Diamond
- Advanced Blockchain: Aktienkurs stürzt ab - Probleme bei Zypern-Tochter
- Advanced Blockchain AG muss kämpfen - Zahlen unsicher.
