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Why All Crypto Wallets Are Going To Be Smart Contract Wallets
Wallets today present a significant challenge in onboarding everyday users to crypto.
In response, the industry must prioritize and push the transition towards solutions that are both more user-friendly and much more secure, without sacrificing the decentralized and self-custodial nature that crypto is all about.
Traditional self-custodial wallets – which often overlook the importance of user experience and place the entire burden of security on users – are in stark contrast to the seamless and frictionless experiences that have become the norm in the Web 2.0 realm.
This gap has led even the earliest adopters of cryptocurrency to favor custodial solutions and centralized exchanges.
However, a paradigm shift is coming with the advent of smart contract-based wallets.
These innovative wallets promise to revolutionize self-custody and are poised to facilitate the widespread adoption of cryptocurrency. Read More
Token vs Coin: What's the Difference?
Crypto coins and tokens are two common but distinct types of crypto. Let’s explore the distinctions, creation processes, and roles within the crypto ecosystem.
Crypto coins and tokens are two commonly used but distinct types of digital assets. Both can be accepted as payments via a crypto payment gateway. It's essential to learn their differences to understand the principles of the cryptocurrency world. This guide aims to clarify the distinctions between coin vs token, their creation processes, and their roles within the crypto ecosystem.
Crypto coins are digital assets that use their own blockchain networks. This means they are separate from other cryptocurrencies and fiat currencies. Most crypto coins are used as money to buy and sell things, and they can also be stored as investments, like gold or stocks.
Crypto tokens are assets hosted on existing blockchain networks and typically represent secondary assets within their respective ecosystems. They rely on blockchains supporting smart contract functionality, enabling the creation of programmable assets with specific use cases. Read More
Who is going to build the infrastructure to unite Ethereum rollups?
The Dencun hard fork has drastically reduced costs for Ethereum layer-2s, but the ecosystem needs more infrastructure to unify rollups, says Anurag Arjun.
Ethereum has taken a meaningful step in helping layer-2 rollups scale, but the ecosystem needs unifying infrastructure from neutral third-party players to streamline the user experience.
That’s the opinion of Avail co-founder Anurag Arjun, who delved into the current state of the rollup ecosystem in an interview with Cointelegraph during the ETHGlobal conference in London.
Arjun, who co-founded Ethereum layer-2 Polygon alongside Sandeep Nailwal, Jaynti Kanani and Mihailo Bjelic, has shifted his focus to building agnostic rollup infrastructure to unify the Ethereum layer-2 ecosystem.
During his time at Polygon, the team pivoted toward building technology aligned with Ethereum’s rollup-centric roadmap following the release of Polygon’s proof-of-stake chain. This shift also required new infrastructure. Read More
Solana Announces Recommendations and Measures to Deal With Network Congestion
The Solana Foundation, a nonprofit dedicated to increasing the adoption of the Solana ecosystem, has made some recommendations to maintain the “high performance” of the Solana network, which has faced high usage during these last weeks. While Solana has not stopped due to this congestion, several tools and techniques can be applied by app developers to maintain this “continued high performance,” including the implementation of priority fees.
Due to the traits of the blockchain, many Solana apps still haven’t implemented priority fees, which incentivize validators to schedule a transaction over the others. These fees are paid in micro-lamports, fractional amounts of SOL, and must be added to the standard fee of each transaction.
The foundation states that implementing fee prioritization “will help address user experience issues,” avoiding or minimizing the occurrence of dropped or delayed transactions. Read More
Great news, Markethivers! The wallet is now installed on the Markethive platform. Markethive has kept its promise and delivered a complete working wallet. This mighty, robust, and secure wallet encompasses all aspects of facilitating your business and securing all your financials within Markethive, like earnings and payments, dividends paid from your ILPs, retail products, etc.
This is a significant step in the right direction for monetizing Markethive’s ecosystem as it endeavours to ensure and restore sovereignty and financial freedom increasingly being stripped from us by a global authoritarian regime. This article illustrates what you need to know and do to access the now-operational wallet.
Understand that access and functions of the wallet are only for Entrepreneur One (E1) members at this stage. E1 members can now retrieve their Hivecoin (HVC) from their cold storage to their hot wallet. (You can do this in preparation for the forthcoming coin exchanges and your 3rd party self-custody wallet.) You can also transfer HVC to other members within Markethive via the wallet. Read More
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Price Oracles in DeFi Explained
In the world of DeFi (decentralized finance), oracles play a crucial role in ensuring the accuracy and reliability of data – especially pricing data – used within various protocols and platforms.
A price oracle is a specific type of oracle that provides off-chain (external) price information to on-chain (blockchain) smart contracts.
Given the isolated nature of blockchains, smart contracts cannot access external information directly, and oracles serve as a bridge to bring this external data onto the blockchain.
Price oracles are widely spread in DeFi. They are a core element of many crypto projects. Read More
Robinhood launches crypto wallet for Android users
The brokerage firm currently has $14.7 billion in crypto under custody.
Discount brokerage Robinhood has expanded its crypto wallet access to Android users.
According to the March 20 announcement, the Robinhood Wallet app is now available on Google Play. “Own and manage all your blockchain assets in your very own self-custody wallet, featuring network support for Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base,” reads the app’s description. “You can also swap thousands of tokens on Ethereum, Arbitrum, and Polygon via decentralized exchange (DEX) aggregators,” it adds. The app has since surpassed 10,000 downloads.
The same day, Johann Kerbrat, general manager of Robinhood Crypto, revealed that the brokerage’s iOS crypto wallet has been “downloaded hundreds of thousands of times in 140+ countries" since its launch in March 2023. At the time, the iOS crypto wallet’s waitlist surpassed 1 million users. Like all self-custody wallets, private keys are stored directly within the Robinhood Crypto Android and iOS apps, with no access from developers and backups possible via Google Drive or iCloud. Read More
Coreum advances blockchain interoperability with XRPL Bridge: Enhanced liquidity across 100+ IBC-enabled chains
The enhanced interoperability sets the stage for a seamless DeFi experience, bringing an interconnected digital economy.
Coreum, an enterprise-grade blockchain platform, focuses on creating an interconnected blockchain ecosystem that enables the free and secure flow of assets across platforms.
The benefits offered by blockchain technology continue to pique the interest of the non-crypto domain. Known for its immutability, transparency and traceability, blockchain has a profound impact on the enterprise world, with 9 out of 10 businesses using or planning to use it.
While organizations recognize that blockchain represents a significant step forward, one challenge persists: the industry still struggles with achieving interoperability between blockchain networks. Read More
‘Notcoin’ Game Hits 30 Million Telegram Players as NOT Airdrop Nears
Notcoin hype is picking up as the Telegram-based game hits a big user milestone and sets a new record for daily players.
Notcoin, a simple clicker game built in the messaging app Telegram, continues to gain traction ahead of its planned token airdrop expected in the weeks ahead. Over the past day, the game has set new milestones for total players to date and daily active users.
According to in-game data, Notcoin has now amassed more than 30 million total players via Telegram since inception. And early Wednesday, Notcoin said that it hit another peak of more than 5 million daily active players for the first time. 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.
