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Bitcoin halving will be a litmus test for inefficient ops: Mining execs
Major mining firms expect the Bitcoin halving to reduce profitability and cause an increase in network fees, which could challenge the existence of less efficient miners.
The Bitcoin halving will likely wreak havoc on small, less efficient Bitcoin miners but should be no issue for well-established players, according to industry executives.
In under a month, Bitcoin miners face the reality of reduced block rewards, which is anticipated to significantly impact profitability and income. Bitcoin mining CEOs told Cointelegraph that the efficiency and scale of mining operations will be critically important as firms clamber for a share of the reduced rewards.
Marathon Digital, considered one of the largest mining firms in North America, is among the players that have long been planning for the halving. The firm’s chief growth officer, Adam Swick, told Cointelegraph the halving will be a test to reveal the most efficient and well-funded entities. Read More
Social trading platform transforms community engagement into crypto rewards
Influencer shakes up crypto world by delivering promised multifold growth on the new social trading platform.
Phemex, a leading crypto trading exchange, has recently introduced a social trading feature within its Web3 ecosystem called PhemexPulse, which aims to transform community engagement into tangible rewards and deepen the bond among traders and enthusiasts. The platform has already made waves in the crypto sphere, particularly after crypto influencer Ben Armstrong listed his inscriptions, which drove multifold growth for his group members who hold the exclusive ordinals.
The inception of cryptocurrencies was fundamentally about shifting financial power back into the hands of individuals, offering autonomy and control unprecedented in traditional finance. Central to realizing this transformative vision is the role of vibrant and active communities.
Communities are not just peripheral supporters; they are catalysts for wider adoption and integration of cryptocurrencies into daily life. Through community-driven initiatives, knowledge about innovative applications and insights into fluctuating market trends are disseminated more broadly and effectively. Read More
Apple Macs Have a Fatal Flaw That Lets Hackers Steal Your Crypto—And There's No Fix
Researchers have revealed a flaw in Apple M1 chips that allows hackers to steal cryptographic keys via CPU manipulation.
Hackers have a new way to try and steal your crypto—and if you're using an Apple device made in the last half decade, there's not much you can do to mitigate the attack.
Security researchers have discovered a vulnerability in Apple's latest computer chips—its M1, M2, and M3 series, which powers all of its latest devices—that could let hackers steal cryptographic keys designed to protect data from disclosure. That includes the keys to software crypto wallets installed on vulnerable Apple devices.
The likely target for a malicious exploit would be “high-end users, like someone who has a cryptocurrency wallet with a lot of money,” Matthew Green, a cryptographer and computer science professor at Johns Hopkins University, told author and journalist Kim Zetter. While not a “practical” attack, it could be aimed at web browser encryption—which would affect browser-based applications like MetaMask, iCloud backups, or email accounts. Read More
What is the genesis block, explained
The genesis block kickstarts a blockchain by establishing the network, adhering to consensus rules and linking all future blocks back to the origination point.
In proof-of-work (PoW) chains, the genesis block is the first block ever mined on a blockchain network and serves as the foundation for all blocks that follow. It is typically hard-coded into the protocol and created by the creator of the blockchain. Since there are no previous blocks to reference or mine against, it doesn’t involve the traditional mining process.
In contrast, the genesis block is usually created by the network’s developers and/or validators, who initiate the PoS chain. Validators might be selected based on specific criteria outlined in the protocol rather than through the staking process, since there are no previous transactions or stakes to reference.
The origin of the genesis block dates back to the launch of the Bitcoin network in 2009. Bitcoin’s pseudonymous creator, Satoshi Nakamoto, generated the first block on the chain that became the world’s most valuable cryptocurrency with the highest market capitalization, even briefly surpassing the market cap of silver. This established the genesis block as an integral part of launching a functional, decentralized blockchain ledger. Read More
Staying ahead of the curve is crucial in the dynamic and ever-changing business world. In the modern business landscape, innovation and technology act as guiding forces, shaping how companies engage with their audiences and forge connections. In this era of constant evolution, a powerful synergy has emerged between two groundbreaking concepts: inbound marketing and blockchain technology. This convergence is rewriting the rules of engagement and presenting companies with unprecedented opportunities to carve out a competitive edge.
Gone are the days when traditional marketing methodologies ruled the roost. The one-size-fits-all approach of old-school marketing campaigns is gradually being replaced by a more interactive, personalized, and customer-centric approach. Inbound marketing is not just a strategy; it's a philosophy that revolves around attracting, engaging, and delighting customers by delivering valuable and relevant content. It's about creating a genuine connection with your audience, addressing their pain points, and offering solutions that resonate personally.
Amidst this transformative landscape, a standout player emerges: Markethive. This innovative ecosystem stands at the crossroads of the inbound marketing revolution and the blockchain evolution. Markethive's unique proposition lies in its ability to seamlessly fuse the principles of inbound marketing with the cutting-edge potential of blockchain. By doing so, it offers a comprehensive system that empowers businesses to connect with their target audience and build lasting relationships based on trust and transparency. Read More
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Why DeCC Is the Future of Crypto
Decentralized confidential computing (DeCC, pronounced Dee-See-See) is the crucial element enabling and securing practical decentralized applications.
Alex Zaidelson is CEO of SCRT Labs. He is a multi-disciplinary executive with expertise in product management, venture capital, business development, R&D and marketing. His main areas of interest include confidential computing, analytics, and AI.
We often talk about the value of “decentralization” delivered by blockchain technology. This term often represents robustness, censorship resistance, and a “bottom-up” system of support that could help secure and democratize world-changing applications.
The benefits of decentralization are already being realized across a number of major fields, including finance (DeFi), physical infrastructure (DePIN), social networks (DeSo), scientific research (DeSci), artificial intelligence, and more. Realistically though, these applications are heavily restricted by a critical issue: data confidentiality. Read More
Does the Bitcoin halving impact cross-chain interoperability solutions?
The Bitcoin protocol reduces the supply of new Bitcoin by 50% via the quadrennial Bitcoin halving. This translates into a 50% reduction in revenue (in BTC terms) for Bitcoin miners and poses indirect implications for cross-chain interoperability.
Bitcoin halving events, occurring approximately every four years, reduce block rewards for Bitcoin miners. The halving process is hard-coded into the Bitcoin protocol by its elusive creator, Satoshi Nakamoto, as is the finite supply of 21 million Bitcoin (BTC).
The last three halvings occurred in 2012, 2016 and 2020. The first Bitcoin halving in 2012 reduced the reward for mining a block from 50 to 25 BTC. The next Bitcoin halving impact is expected to occur in April 2024, and the halving cycles will continue till 2140, when the last Bitcoin will be mined.
Cross-chain interoperability refers to the capability of different blockchain networks to seamlessly share information and value. It allows users and assets to move fluidly, fostering blockchain convergence with a more integrated and efficient financial ecosystem. Read More
Here’s how businesses can securely process crypto payments
Amid the rising interest in crypto payments, businesses face obstacles in security and fees. This B2B service provider aims to fix that.
Businesses increasingly seek to integrate crypto payments due to their borderless nature and enhanced security, but challenges like complexity and high fees persist. Launched by CoinsPaid, CryptoProcessing.com offers a user-friendly solution with features like specialized sector channels and low transaction costs.
As digital currencies continue to reshape the financial landscape, businesses worldwide are eyeing the benefits of integrating cryptocurrency payments into their operations. The allure of international transactions and enhanced security have made cryptocurrencies an attractive option for forward-thinking enterprises.
However, amid the promises lie challenges like cyber threats, the complexity of crypto transactions, and the volatile nature of crypto exchange rates. High transaction fees further compound the issue, threatening to erode the cost-effectiveness of utilizing cryptocurrencies for businesses.
The demand for a reliable, user-friendly and financially feasible crypto payment processor has never been more pressing in this burgeoning field. Businesses seek a solution that addresses security concerns, simplifies the payment process, mitigates exchange rate risks and offers competitive transaction fees. Read More
Tron’s Bitcoin layer-2 plan could see ’wrapped’ USDT flow into Bitcoin
In February, Tron founder Justin Sun announced it was working on a Bitcoin layer-2 solution to intertwine its tokens with the Bitcoin network.
Layer-1 blockchain Tron is considering a Bitcoin layer-2 solution that would support a “wrapped” version of Tether, potentially allowing billions of dollars of liquidity to flow into the Bitcoin ecosystem.
In February, Tron’s founder, Justin Sun, announced a roadmap for Tron’s Bitcoin layer-2 solution in an X post, which would allow stablecoins and tokens to move between Tron and Bitcoin.
“This integration will not only link TRON directly with Bitcoin but also facilitate access to over $55 billion in value to the Bitcoin network, thereby injecting financial vitality into Bitcoin,” said Sun at the time.
Speaking to Cointelegraph, a Tron spokesperson said the plans would “likely” involve creating a wrapped version of USDT. The Tron network is currently home to more than half of USDT’s $104 billion issued across multiple blockchains. 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.
