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Anchorage Digital to support liquid Ether staking
It is the first US bank to facilitate liquid Ether staking, and it is focusing on institutions.
Anchorage Digital has become the first United States federally chartered bank to support liquid Ether staking, it said on Dec. 5.
The cryptocurrency bank has added support for Liquid Collective’s Liquid Staked ETH (LsETH), a liquid staking token (LST) representing ETH staked on the Ethereum blockchain, Anchorage Digital said.
It expects to service US institutions — including venture capital (VC) firms, wealth managers, and blockchain protocols — directly from their Anchorage Digital accounts, the bank explained.
“This integration makes Anchorage Digital Bank NA the first [Options Clearing Corporation]-chartered, US-regulated bank to support participation in liquid staking,” Anchorage Digital said. Read More
Layer N ditches Ethereum, says new L1 will support Typescript, Rust, C
N1 is purported to process 100,000 transactions per second, placing it among the fastest blockchains.
Peter Thiel-backed blockchain technology firm Layer N has announced a full pivot to “N1,” a new proprietary blockchain purportedly capable of “hyperfast” transactions and aiming to implement traditional tech coding languages such as Typescript, Rust and C.
Now known as N1, the company originally launched its blockchain services on Ethereum as a layer-2 blockchain. With the pivot, Layer N is no more, and the company says it is solely focused on developing what it deems the “next generation” of blockchain technology.
According to the Dec. 5 announcement, N1’s proprietary blockchain is “aimed at enabling new generation applications with 100,000 tps and multi-language support.”
In this context, “TPS” refers to transactions per second, a measure of how swiftly a blockchain can meet demand.
For context, around four to eight transactions are added to the Bitcoin blockchain’s mempool per second. At the other end of the spectrum, Ethereum co-founder Vitalik Buterin claims that Ethereum L1s and L2s will eventually reach 100,000 TPS as part of “The Surge,” a series of planned updates.
It’s unclear at this time when the N1 network would be capable of reaching a TPS rate of 100,000, as the phrase “aimed at enabling” implies it’s yet to reach that threshold. Assuming it does, N1 would rank among the fastest blockchains by TPS. Read More
Aptos to accelerate innovation with new tech, investment in India
Aptos wants to address the scalability limitations of other blockchains, co-founder and chief technology officer Avery Ching said at India Blockchain Week 2024.
Innovation is going to happen a lot faster than most people think, and Aptos is impatient to get moving, co-founder and chief technology officer Avery Ching told Cointelegraph’s Arijit Sarkar at India Blockchain Week 2024.
Aptos seeks to address the scalability and throughput limitations of other layer-1 blockchains with scalable, decentralized infrastructure capable of supporting billions of transactions.
“We want to be able to support every internet application out there” and “scale out to support the giants of Web3 that are going to come forth in the future,” Ching said.
It takes a lot of tech:
Its technology is often considered Aptos’ “killer edge,” Ching said. Besides the high throughput, he had in mind infrastructure features like parallel transaction processing and onchain randomness, which can support such use cases as prediction markets and voting systems. Read More
Upgrading DApp infrastructure with ‘Smart Tokens’: 3 examples from the real world
Programmable smart tokens introduce a better way to build and scale decentralized applications with blockchain.
Decentralized applications (DApps) are gaining popularity among developers because of their potential to enhance security, promote transparency, and empower users through decentralized control. However, as the DApp landscape evolves, developers face many infrastructure challenges that impede innovation and widespread adoption.
One of the most pressing issues lies in the vulnerabilities of traditional smart contracts. While smart contracts have opened new horizons for blockchain transactions, they are not immune to security risks and complexities.
Interactions with external smart contracts can be exploited through reentrancy attacks and other loopholes, leading to significant financial losses and undermining trust in decentralized systems. 2023 saw hacked funds worth $179 million lost to smart contract vulnerabilities, according to the Crypto HackHub Report. The frequency and impact of these exploits underscore the urgent need for more secure, built-in solutions to safeguard assets without relying on external contracts.
Scalability and cost efficiency present additional hurdles. Many blockchains struggle to maintain optimal performance as user demand grows, often facing unpredictable fees and network bottlenecks that degrade the user experience. These challenges make it difficult for developers to build applications that are both cost-effective and capable of handling large-scale adoption. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.
The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features. Read More
Crypto super app brings account abstraction to the Solana blockchain
Crypto super app announces Solana blockchain integration and partnership to bring user-friendly features to the consumer chain.
Plena crypto super app has integrated with the Solana blockchain, introducing simplicity and account abstraction to Solana’s massive liquidity.
There is no argument that blockchain offers a powerful toolkit to break free from the shackles of centralization. However, that doesn’t mean it is the most user-friendly infrastructure to deploy waves of new users. Navigating this space can be daunting due to complicated onboarding processes, lack of wallet recovery options, the necessity to manage gas fees and the fragmented nature of the ecosystem.
These barriers have kept the benefits of decentralized finance (DeFi) out of reach for most people for years. Simplifying these aspects is crucial for bringing blockchain technology into the mainstream and allowing users to fully engage with its benefits.
Plena, a crypto super app with account abstraction, has announced that it is integrating with Solana, one of the fastest-growing blockchain networks on the consumer side. Account abstraction simplifies onchain interactions by concealing technical complexities, allowing users to engage with blockchain services effortlessly. Read More
Tezos introduces the first blockchain-based uranium marketplace
The debut of Uranium.io, a platform powered by the Tezos blockchain, marks the beginning of blockchain technology’s impact on the global uranium trade.
Uranium.io introduces the world’s first decentralised uranium trading application, with the goal of democratising access to this critical asset. By lowering entry barriers for investors, the platform seeks to change the uranium market.
According to Cointelegraph, Uranium.io’s launch will be supported by Curzon Uranium, a prominent trading firm that has facilitated over $1 billion in transactions, and Archax, the UK’s first registered cryptocurrency exchange. The collaboration marks a big step toward integrating blockchain with real-world commodity markets.
Arthur Breitman, co-founder of Tezos, emphasised the platform’s potential to transform uranium trading by improving transparency and accessibility.
“Unlike many proposed blockchain use cases, the Uranium market actually benefits substantially from having a shared, transparent, globally accessible ledger,” Breitman stated. “It’s allowing a global audience to finally access an asset that’s key to the future of energy at an affordable price.”
For retail investors, Uranium.io offers a breakthrough. Previously, uranium investments were largely confined to institutional players with substantial capital. Retail access was limited to exchange-traded funds (ETFs). This new platform, part of the rapidly growing real-world asset (RWA) tokenisation trend, bridges the gap by leveraging blockchain’s immutable ledger to improve asset liquidity and accessibility. Read More
Layer-2 networks need decentralized sequencers — Metis co-founder
According to data from L2 Beat, there are 118 layer-2 scaling solutions listed for the Ethereum network as of December 2024.
As the Ethereum layer-2 (L2) ecosystem continues to expand and encompasses most of the daily economic activity on the Ethereum blockchain, the problem of centralization persists.
Elena Sinelnikova, co-founder of the Metis L2, recently told Cointelegraph that layer-2 scaling solutions should adopt decentralized sequencers to maximize anti-fragility and censorship resistance.
According to Sinelnikova, most layer-2 networks feature only one sequencer, and most users are unaware they transact on centrally managed platforms that can be controlled or shut down at any time. The Metis co-founder told Cointelegraph:
"About 97% of all Ethereum transactions are on layer-2s — so basically almost all of them. Layer-2 solutions were never meant to be decentralized solutions. They are centralized solutions with one sequencer."
Sinelnikova also touched on proposals from the Ethereum Foundation to promote decentralization by enhancing L2 interoperability as an alternative to the current model of competing and siloed L2 solutions. However, the Metis co-founder argued that adopting decentralized sequencers is the simpler option. Read More
How to use crypto correlation for better risk management
Crypto correlation helps investors manage risk by understanding how digital and traditional assets move in relation to each other, enabling smarter portfolio diversification.
Crypto correlation measures the relationship of market price movements between cryptocurrencies and traditional finance assets.
A coefficient number ranging from +1.0 (positive correlation) to -1.0 (negative correlation) is used to give insight into risk management with crypto correlation.
Investors use crypto market correlation strategies to hedge against market volatiles, building a portfolio of assets with varying degrees of correlation to crypto price fluctuations.
Improving risk management with crypto correlation can be done using helpful tools and platforms such as Blockchain Center, DefiLlama and Coin Metrics.
Managing risk with cryptocurrency investments is tricky. The market is volatile, making it critical to build a balanced investment portfolio, which reduces exposure to aggressive market fluctuations. You might do this with a varied basket of digital assets alongside traditional equities, bonds and commodities.
Using a crypto correlation enables you to gain a clear understanding of how assets in your portfolio react compared to one another. You can then use this insight to improve your risk management approach to create a balanced and robust portfolio. 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.
Featured Image Source: Pixabay
