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How to strike a balance between blockchain transparency and privacy: Nansen CEO
Nansen CEO Alex Svanevik is confident there will be a protocol in the future that creates a balance between both and is compliant with regulators.
The world may be moving in a direction where people are more comfortable having their assets and ownership available for everyone to see, according to Alex Svanevik, CEO of blockchain analytics firm Nansen.
In an interview with Cointelegraph’s Zhiyuan Sun, Svanevik highlighted how a balance between privacy and transparency may be attained in the world of blockchain analytics. According to Svanevik, it’s not possible to entirely get both:
“You cannot get 100% transparency and 100% privacy. I think many of us want to have as much transparency as possible on corporate entities, exchanges, protocols, etc. But we expect some degree of privacy at the individual level.”
Because of this, Svanevik believes no one would be willing to place themselves on either of the extremes. He said that being fully private would make people miss out on the transparency expected out of corporate counterparties, while being fully transparent is an uncommon stance, as people generally want some level of privacy. Read More
Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals
The Ethereum layer-2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem.
Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.
The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and proving layers all play a role in creating an interconnected ecosystem of chains that enable fast value transfer and information sharing.
Polygon co-founder Sandeep Nailwal recently unpacked how the ecosystem aims to become the value layer of the internet by using zero-knowledge (ZK) technology to provide low-fee, high-throughput performance to the wider Ethereum ecosystem. Read More
BNB Chain Layer 2 Goes Live
BNB Chain, the Binance-backed decentralized blockchain network, has announced the launch of Opbnb, its expansion layer built using the Optimism OP stack. The new network allows users to enjoy low-fee transactions in a high-throughput, high-speed transactional layer optimized for interactive applications such as games, with the BNB Chain chain serving as a settlement layer.
Optimism-Based Opbnb L2 Launches Mainnet
Opbnb, BNB Chain’s layer-two (L2) network, has recently announced the launch of its mainnet, focusing on bringing a scalable tool to developers of BNB Chain. The scalability layer, built on the Optimism OP stack, enhances two aspects of applications on the BNB Chain: finality and costs.
The new L2 has short block times, allowing developers to move assets and value quickly to and from the network. Read More
Blockchain – Might It Be the Answer to Redefining Finance
With the breakneck speed at which technology has evolved over the last few decades, humanity has seen innovations that our forefathers couldn’t even have imagined.
From the first computers coming online, to the smartphones that are now globally connected and glued to everyone’s hands, technology has come a long way in a short time – but nowhere is this revolution more obvious than in the sphere of modern finance.
As computers became more affordable, useful and available, banks quickly exchanged the pen for the printer, before these also got the boot, replaced by email and interconnected bits of software helping to track the flow of coins across the globe.
Little did anyone know that in 2008 a digital currency experiment called Bitcoin would usher in a financial revolution like no other. This technology is called blockchain. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
Polygon Solutions to Ethereum Scaling Challenges: An Overview
According to the official blog of Polygon Labs, Ethereum's scaling problem isn't a new conundrum, with its history being almost as ancient as Ethereum itself. What makes Ethereum uniquely robust is its steady evolution, ensuring the chain's safety and decentralization. But the question arises, how does Polygon aim to augment Ethereum's scalability?
Understanding Layer 1 (L1) and Layer 2 (L2)
L1 and L2 are often termed as the "parent" and "child" chain respectively. While the L1 operates independently, L2 has certain dependencies on L1, primarily for security and transaction data storage. The essence of all Ethereum L2s is to process and execute transactions, effectively making L2 an execution layer. However, the responsibility of reaching consensus—verifying transaction data and updating all blockchain accounts—falls to L1.
Ethereum's careful progression towards consensus prioritizes security over speed. As a result, any perceived "slowness" in Ethereum is a consequence of its emphasis on safety. Read More
Magic Eden integrates Solana’s compressed NFTs into marketplace
NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an “easy access point” for new users to try NFTs.
Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles.
CNFTs differ from the usual Solana NFTs because their data is compressed and stored off-chain. Because of this, production in larger quantities is more feasible as they require lesser fees to mint.
According to Magic Eden, this type of NFT is ideal for creating mass-produced collections in various industries like gaming, music, events and the metaverse. The NFT marketplace believes that it allows creators to reach wider audiences without spending more.
The NFT marketplace also believes that by lowering the costs involved in NFT production, it can potentially promote adoption and become an “easy access point” for new people to try out collecting NFTs. With lower costs, users can collect NFTs without risking a large amount of funds to acquire collections. It lowers the risk of losing money over NFTs. Read More
What are address poisoning attacks in crypto and how to avoid them?
Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses.
Address poisoning attacks are malicious tactics used by attackers who can reroute traffic, interrupt services, or obtain unauthorized access to sensitive data by inserting bogus data or changing routing tables. The integrity of data and network security are seriously threatened by these assaults, which take advantage of flaws in network protocols.
This article will explain what address poisoning attacks are, their types and consequences, and how to protect oneself against such attacks.
In the world of cryptocurrencies, hostile actions where attackers influence or deceive consumers by tampering with cryptocurrency addresses are referred to as address poisoning attacks.
On a blockchain network, these addresses, which are made up of distinct alphanumeric strings, serve as the source or destination of transactions. These attacks use a variety of methods to undermine the integrity and security of cryptographic wallets and transactions.
Address poisoning attacks in the crypto space are mostly used to either illegally acquire digital assets or impair the smooth operation of blockchain networks. Read More
3 steps crypto investors can take to avoid hacks by the Lazarus Group
The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios.
Cryptocurrency users frequently fall prey to online hacks, with Mark Cuban being just the latest high-profile example of how nearly a million dollars can quickly leave your digital wallet.
It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it's crucial to understand the type of threat that exists today.
FBI has clear evidence on the Lazarus Group
The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack.
WannaCry disrupted critical services in numerous organizations, including healthcare institutions and government agencies by encrypting files on infected computers and demanding a ransom payment in Bitcoin. 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.
