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Exploring Sui’s Object-Centric Model and the Move Programming Language
A closer look at how Sui’s object-centric model and the Move language can improve blockchain scalability and smart contract development.
The Sui blockchain has emerged as a novel layer-1 (L1) protocol, incorporating advanced technologies to address common layer-1 trade-offs. Cointelegraph Research unpacks the details of this newcomer to the blockchain space.
Sui uses the Move programming language, which was designed with a focus on asset representation and access control. This article examines Sui’s object-centric data storage model, its implications for transaction processing, and its potential advantages over traditional account-based paradigms.
Sui draws significant inspiration from the Diem blockchain, particularly in its use of the Move programming language for smart contracts. Move was designed with a type system specifically tailored to asset management and access control enforcement. Sui Move builds on this foundation with an object-centric data storage model that uses objects rather than accounts as primitives. Read More
Hamster Kombat creators: marketing geniuses or modern satirists?
Hamster Kombat has 200 million players clicking their screens. But the game raises intriguing questions about play-to-earn gaming, growth hacking and universal basic income.
Hamster Kombat isn’t just another game. It’s a digital powerhouse driven by constant clicks, a quest for profit, and promises that exist only online. Since its launch on Telegram in March 2024, Hamster Kombat has skyrocketed in popularity, attracting over 200 million users.
The speed with which it gained players is perhaps most impressive. The Telegram-based game onboarded around 1.8 million players daily in the 77 days after it went live. It’s in-game mechanics have also led to its social media and YouTube channels breaking records.
Hamster Kombat embodies casual gaming—simple, accessible, and requires zero skill. These games are meant to kill time effortlessly. In Hamster Kombat, you can mindlessly click on the Hamster avatar to rack up coins.
According to data from Hamster Kombat's official Telegram channel in early June, user engagement in the game averaged over 20 minutes per day, as measured by Google Analytics. This metric continues to increase. Read More
Payment infrastructure is key to bringing retail users to crypto
Crypto enthusiasts have been wondering why no one seems to be buying their coins this cycle. If people could use crypto for something, maybe that would change.
Consumers can use their debit cards at almost any retail outlet or brick-and-mortar stores these days. It has made day-to-day payments very easy and hassle-free.
But it wasn’t always like this. When early iterations of debit cards arrived in the 1970s, they were usable only at Automated Teller Machines (ATMs). Most retail outlets couldn’t accept them because point-of-sale (POS) terminals were expensive and not as widely available as they are now.
Web3 payment rails are presently in a similar spot. While certain online stores such as Overstock, Microsoft, Shopify and more accept Bitcoin payments, consumers mostly can’t pay for their local groceries using crypto.
That’s partly due to lack of awareness and negative sentiments around hacks and scams involving crypto. The bigger factor, however, is the low availability (and adoption) of robust last-mile infra such as POS terminals designed for crypto payments. Read More
Major Bitcoin Price Swings Predicted for July as Traders Eye US Economy
Volatile trading for Bitcoin could be on the cards in July as uncertainties over U.S. Fed policy, economic activity, and inflation linger.
Bitcoin could be in for a rocky start this month as traders look to divine U.S. economic activity amid a climate of persistent inflation and a stock market rally fuelled by Big Tech.
U.S. real gross domestic product (GDP) jumped to an annual rate of 1.4% in the first quarter of 2024, according to the third estimate released by the Bureau of Economic Analysis.
Thursday's figures contrast sharply with last year’s fourth-quarter results, which showed US economic activity had increased by 3.4%.
Data from the bureau also showed May’s personal consumption expenditures index, a key indicator of inflation, had dipped to a 2.6% year-over-year increase, down from April’s 2.7%. Read More
The Top Ten Cryptocurrency Blunders: A Must-Read Guide for All Investors
Are you eager to maximize your returns in the cryptocurrency market? If so, it's crucial to avoid common pitfalls that could lead to significant financial losses. This comprehensive guide will delve into the ten most critical errors crypto investors often make, which can result in substantial monetary losses. By understanding and avoiding these mistakes, you can ensure that your investments not only avoid unexpected setbacks but also thrive, leading to significant profits that can potentially change your financial future. Read More
Floki Inu warns of fake tokens on Solana and Base blockchains
Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
The Floki Inu memecoin project has warned users and the broader cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand. The fraudulent tokens have surfaced on the Solana and Base blockchains, misleading investors.
The official X account of Floki Inu took to social media to alert its followers about the scam tokens. It highlighted that the legitimate Floki Inu (FLOKI) token is exclusively available on the BNB Smart Chain and Ethereum networks.
Floki listed the Ethereum address “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and BNB Smart Chain address “0xfb5b838b6cfeedc2873ab27866079ac55363d37e” as the correct contract addresses for its tokens to help users avoid scams.
Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes. Read More
Supreme Court Overturns 'Chevron Deference'—And That Might Be Good for Crypto
The overturning of a 40-year-old Supreme Court doctrine could embolden embattled crypto firms, legal experts said.
The crypto industry was quick to celebrate a Supreme Court ruling Friday that abolished “Chevron deference,” a move giving the federal courts more say in determining the scope of what administrative agencies can do.
The landmark 6-3 ruling overturned a 40-year-old Court doctrine that let administrative agencies under the President have the authority to interpret certain laws left vague by Congress. For conservatives skeptical of the Executive Branch’s role in regulating health or the environment, it represented a significant win.
While several legal scholars told Decrypt that the ruling could embolden embattled crypto firms, who face lawsuits from the Securities and Exchange Commission (SEC), the legal implications for crypto may be overblown—that's according to Lee Reiners, who teaches at Duke Law School. Read More
Here’s How to Make the Most of an Airdrop Campaign
Making the most of airdrops entails measuring key metrics before, during, and after the campaigns to ensure the desired effects are achieved.
There is more to creating an airdrop campaign than most companies realize. Airdrops go beyond sharing free tokens with new users and getting word out for new crypto projects. They extend to aligning company goals with airdrop strategies and reaching a larger audience to keep them interested in a project.
Thesis-driven crypto venture capital fund Node Capital has shared a press release with CryptoPotato outlining strategies companies can use to maximize their airdrop campaigns. Read More
Reactive Network: Overcoming oracle limits across chains
Picture this: You’re managing a decentralised finance (DeFi) platform on Arbitrum, and you need the latest price data from an oracle operating on Ethereum. Frustratingly, this simple task is a massive headache due to the isolated nature of traditional oracles. Each oracle is confined to its blockchain, creating a tangled web of inefficiencies and limitations. This is a common struggle in the world of decentralised applications (dApps), where the inability to share data across chains is holding back innovation and functionality. But what if there were a way to break these chains?
Oracles are the backbone of DeFi platforms, supplying essential data such as price feeds. However, their efficacy is hampered by a significant drawback: they are siloed within their individual blockchain ecosystems. This means a DeFi platform on Arbitrum can’t directly access data from an oracle operating on Ethereum, severely limiting cross-chain interoperability.
As the blockchain ecosystem evolves, various solutions are emerging to tackle the challenges of cross-chain interoperability. These solutions aim to facilitate seamless communication and data transfer between disparate blockchain networks, thereby unlocking new opportunities for innovation and collaboration. Among the notable approaches are cross-chain bridges, decentralised oracle networks, sidechain solutions, layer 2 solutions with native oracles and Reactive Smart Contracts (RSCs). Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
