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Top Ethereum (ETH)-Based Blockchain Oracle Altcoin Announces Next Steps in Staking Protocol Upgrade
Blockchain oracle service Chainlink (LINK) has announced a coming upgrade to its staking mechanism.
Via the social media platform X, the oracle announced Chainlink Staking v0.2, which is currently being prepared with a new pool of 45 million LINK tokens.
The upgrade focuses on four main components, according to Chainlink: a new unbonding mechanism, stake slashing, a dynamic rewards system and a new modular architecture to ensure smoother future upgradability.
Unbonding is the period immediately after unstaking, where coins are typically locked on the blockchain for a certain amount of time before being released to users. Read More
Getting Grandma Into Web3
Mass adoption is the elusive ‘Holy Grail’ of any consumer technology, and something that has been written and thought about a lot as it relates to the emerging Web3 industry.
But how does one measure something like ‘mass adoption’? Would it be based on the number of users? Or the revenue generated by the industries that built the technology?
Maybe it’s better to measure mass adoption of consumer technologies by something else. Albert Einstein famously said that, “If you can’t explain it simply, you don’t understand it well enough.”
So, maybe the best way to measure the mass adoption of Web3 is to ask whether or not it has become so simple that your grandmother can explain it, and more importantly, use it. Read More
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle, a global financial technology firm, has taken steps to simplify blockchain interactions for developers and businesses with the beta launch of two new Web3 Services products: Gas Station and Smart Contract Platform. These new services come as a follow-up to Circle's recent Programmable Wallets offering. Gas Station aims to ease the cost burden associated with blockchain transactions for end users. Typically, Web3 users are required to pay a "gas fee" to conduct transactions on the blockchain. These fees have long been a point of friction for developers and businesses looking to integrate blockchain functionality into their apps.
Circle's Gas Station allows those integrating their apps with Circle’s Programmable Wallets to offer a gasless transaction experience for users. Gagan Mac, Head of Product for Web3 Services at Circle, states that "With the launch of Gas Station, we are abstracting away blockchain transaction fees for end users... We’re reducing friction and making blockchain transactions more accessible to everyone." This functionality currently supports Polygon on both its mainnet and testnet, and Ethereum on its testnet. Read More
Base network launches 8-week training course for blockchain developers
Base Bootcamp will offer students weekly meetings with a mentor, a dedicated Discord server, and access to Coinbase and Base engineers.
On Oct. 20, the Ethereum layer-2 Base network announced that it’s launching an eight-week training course to turn traditional software developers into blockchain developers. Called “Base Bootcamp,” the new program doesn’t cost anything to attend. However, it’s designed for “mid to senior level Software Engineering individual contributors,” and students must fill out an application and be accepted to enrol. Less than 20 students will be accepted into each “cohort,” and the team will stop accepting applications on Oct. 27, the announcement states.
In its announcement, Base claims the program is necessary because most software developers still do not know how to build Web3 apps. “Today, there are fewer than 30,000 onchain developers,” it states, “compared to nearly 30 million software developers.” This implies that only 0.1% of software developers work in Web3. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
How to improve your Web2 business with blockchain
Although blockchain has become a mainstream topic in the finance and business worlds for several years now, it’s definitely not too late to join this wave of innovation.
The private sector is only scratching the surface of blockchain technology’s transformative potential. Traditional businesses need to start adapting to Web3 or risk getting left behind.
The new internet has arrived:
Web3 isn’t just a buzzword — it’s a radical new paradigm where everyday people can not only experience and contribute to the digital world, but also directly and securely own part of it. Beyond Web3 native startups, this technology offers a range of benefits to Web2 companies that can help ensure their continued relevance.
While many major Web2 corporations are already exploring how to best integrate the blockchain, it remains early days for private sector Web3 adoption. With less hype and more serious building, the bear market is the perfect time for companies to implement Web3 features that level up their customer relations, security and trust between stakeholders. Read More
Binance Is Like a Grocery Store Selling Oranges and SEC Should Leave It Alone, Says Crypto Lobby Group
In its fight against Binance, "the SEC is suing the equivalent of a grocery store selling oranges and other fruit," says US Chamber of Digital Commerce in an amicus brief.
The US Chamber of Digital Commerce, a crypto advocacy group, is backing Binance in its fight against the U.S. Securities and Exchange Commission, which charged the crypto exchange’s American affiliate with various securities violations earlier this year.
In an amicus brief filed Thursday, the group said the SEC is stifling financial innovation and driving crypto startups offshore by creating a hostile regulatory environment within the United States. What's more, the group says the SEC has got its analysis of crypto assets totally wrong.
In filing a lawsuit against Binance, “the SEC is suing the equivalent of a grocery store selling oranges and other fruit, or an online e-commerce marketplace, like Amazon,” the group wrote. “Tokens alone are not securities, and the markets where they are available to buy and sell are not securities exchanges.” Read More
Bitcoin core developer steps back from Lightning Network over ‘hard dilemma’
Antoine Riard believes the Bitcoin community faces a “hard dilemma” as a new class of replacement cycling attacks threatens the Lightning Network.
Security researcher and developer Antoine Riard is stepping down from the Lightning Network’s development team, citing security issues and fundamental challenges to the Bitcoin ecosystem.
According to a thread on the Linux Foundation’s public mailing list, Riard believes the Bitcoin community faces a “hard dilemma” as a new class of replacement cycling attacks puts Lightning in a “perilous position.“
The Lightning Network is the second-layer solution built over the Bitcoin blockchain. It is designed to improve the scalability and efficiency of Bitcoin transactions by enabling off-chain, peer-to-peer transactions.
Through the Lightning Network, users can open payment channels, conduct multiple transactions off-chain and settle the final result on the Bitcoin blockchain. The replacement cycling attack targets these payment channels. It is a new type of attack that allows the attacker to steal funds from a channel participant by exploiting inconsistencies between individual mempools. Read More
Chainlink Staking V0.2, What Does It Mean For LINK Investors?
Decentralized blockchain oracle network Chainlink has announced the next big step in its staking journey by unveiling Chainlink Staking V0.2.
The initial beta version of Chainlink staking (V0.1) was released last December, and the launch received an overwhelming response from the community.
Chainlink Staking V0.2
The announcement may spark considerable excitement among LINK holders and traders, given the fact that the launch of its initial version saw the staking pool filled up within hours of its debut. The announcement, made by Chainlink and its community ambassador on X, also revealed that the next iteration of Chainlink staking will feature a maximum pool size of 45 million LINK.
“Last December, the Chainlink Staking v0.1 pool filled in less than three hours after General Access opened. Now, with the v0.2 upgrade on the horizon, Chainlink Staking is being rearchitected into a staking platform with a total pool size of 45M.”
The announcement also added that Chainlink Staking V0.2 will feature considerable upgrades over its previous iteration. This includes better security, dynamic rewards, and greater staking flexibility. 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.
