Cypher
AltcoinBlockchainCryptocurrencyEthereum (ETH)NewsOn-chain Data / AnalysisTelegramWeb3

ConsenSys Buys HAL To Improve Infura’s Blockchain Data Automation

Consensys, a prominent firm specializing in developing Ethereum network software, has recently purchased HAL. HAL is a blockchain data automation and monitoring system that enables users to listen to data without coding.

The system includes automated workflow tools that facilitate real-time notifications about decentralized governance, digital assets trading, and various other areas. Users can receive notifications through multiple channels, such as Telegram, email, Discord, etc.

HAL’s Ten Employees To Join ConsenSys 

According to ConsenSys, HAL’s acquisition will result in ten employees from HAL joining its workforce. These employees will utilize their expertise in developing no-code/low-code blockchain solutions to enhance the Infura software.

Cypher

In addition, they will use their experience to improve the services Metamask users enjoy. The team anticipates that HAL will bring valuable technical expertise, particularly in creating and implementing effective blockchain automation systems.

Meanwhile, Infura co-founder, Eleazar Galano, stated that the company’s major objective is to ensure that developers have a smooth, uninterrupted experience from start to finish.

“One of the top trends in this regard is the emergence of no-code/low-code solutions. With over 40 higher-level APIs for on-chain/blockchain signals and listening, Hal is an ideal match for Infura. It helps deliver a seamless end-to-end user experience,” Galano added.

📰 Also read:  BREAKING: Bitcoin Breaks New Ground Surpassing $71K, Ethereum Reaches New Peaks

Despite significantly reducing its workforce during the crypto winter, ConsenSys remains committed to pursuing robust acquisition opportunities. It is actively exploring potential projects in various areas of Web3, including wallet security, layer-2 scalability, and account abstraction.

Arbitrum Flips Ethereum In Number Of Processed Transactions 

ETH retains its position as the most prominent altcoin globally. This is largely due to the unwavering commitment of its development teams and the noteworthy contributions made by firms such as ConsenSys, founded by Joe Lubin.

By creating robust solutions that leverage Ethereum’s technology, such as Infura, ConsenSys has made it easier for developers to connect to the blockchain without friction. On Tuesday, ConsenSys took to Twitter to encourage the public to join the KZG ceremony.

The ceremony is an important step towards the next phase in Ethereum’s blueprint, proto-dank sharding (EIP-4844). Ethereum supporters expect the upgrade to increase the amount of data carried by each block on the blockchain and, as a result, reduce gas fees.

However, the Ethereum network has faced massive competition from layer-2 scaling solutions. One of them is the Arbitrum network which has gathered momentum recently.

📰 Also read:  Coinbase Stocks Rise as the BTC Crosses $70,000 Price Mark

According to Dune data, on February 21st, Arbitrum, a layer-2 Ethereum scaling solution, processed 1.14 million transactions, which is higher than the number of transactions processed on the Ethereum mainnet. This new 24-hour all-time high for Arbitrum exceeded the Ethereum mainnet by an impressive 1.05 million transactions.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Tokenized Art And Fractionalized Real Estate: All You Need To Know

Cypher

Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content