2022 became a real challenge for the cryptocurrency industry, with leading assets falling and massive projects and empires being destroyed. We all recall the collapse of Terra, the bankruptcy of Sam Bankman Fried’s companies, and the subsequent market chaos. 

Cross-chain asset transfer platform Octus Bridge has added Solana to its growing list of supported networks. Powered by the Everscale network, Octus Bridge facilitates lightning-fast liquidity transfers at fractional costs, helping its popularity soar among Solana users.

Broxus, the core development team behind many of the platforms that make up the Everscale network ecosystem, will be hosting its first-ever hackathon in Belgrade, Serbia from July 14-17. The hackathon is the latest development in what has been a remarkable 2022 for the Everscale network.

Fresh off of winning AIBC’s network of the year honors, the Everscale network, which has set a new scalability standard in the blockchain industry by virtue of its infinite sharding technology, hosted an online hackathon that started in November. 

Despite common misconceptions, CBDCs offer unique value as vehicles for financial reform capable of improving the lives of those who need it most.

While the concept of a blockchain-based economy may be incredibly appealing, according to experts, it still belongs more to the realm of fantasy than that of reality. In addition to the exorbitant transaction fees present on some networks, one also has to consider the substantial differences that exist between many of the major blockchain networks. These differences generate uncertainty and undoubtedly deter some business leaders from integrating blockchain technology into their business plans and platforms.