Polkadot Canary Network Kusama activates new consensus protocol Beefy
The Kusama network of Polkadot announced the activation of a new consensus protocol called Beefy. The protocol aims to achieve "seamless verification of blockchain on Ethereum and other EVM-compatible networks". The team stated that a key feature is the introduction of two innovative bridges: Snowbridge, a public goods bridge that directly connects Kusama and Ethereum to enhance information and transaction flow, and Hyperbridge, which provides secure interoperability with Ethereum L2 networks and emerging chains.
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Panama City Council makes history as the first government institution accepting crypto payments
Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.
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