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10 ways blockchain developers can use ChatGPT
AI is a powerful tool that developers in the cryptocurrency and blockchain industry can use. Here is how ChatGPT can be of help.
Blockchain technology has revolutionized the way we think about data storage and transactions, but it can also be a complex field for developers to navigate. One tool that can help simplify the process is ChatGPT, a large language model created by OpenAI.
A language model is a type of artificial intelligence model that is trained on a large corpus of text to generate or predict text. It can be used to generate new text, such as in machine translation, or to predict the likelihood of a sequence of words. It uses natural language processing and machine learning techniques to learn the structure and patterns of the language.
Here are 10 ways blockchain developers can use ChatGPT to improve their work: Read More
‘Tremendous time’ to start a blockchain company, says Pantera general partner
Paul Veradittakit of Pantera Capital believes now could be a good time for new entrepreneurs to enter the crypto space.
Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.
As part of a Jan. 23 post about the year ahead, written by a number of executives at Pantera Capital, General Partner Paul Veradittakit explained that “on average,” people working in the crypto space are more educated and passionate about crypto than in previous cycles.
Overall, he said, "we are seeing a higher percentage of startups coming to market with strong teams — entrepreneurs coming out of established crypto startups like Coinbase, larger tech companies like Facebook, Uber, and Square, and legacy financial institutions like J.P. Morgan and Goldman Sachs.”
The market is still very bearish, with some companies folding and prices recovering lost ground, but Veradittakit believes it’s still a worthwhile time to be in the space, citing the billions invested from venture capital firms in the first half of 2022. He added:
“In our experience, bear markets typically represent a time where there is less noise and distraction from building.” Read More
Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals
Developers are attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities.
As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether staking withdrawals, which are currently disabled but are intended to become enabled in the update.
The name of the testnet is “Withdrawal-Mainnet-Shadow-Fork-1.” According to Web3 node provider Alchemy, a “shadow fork” is a fork of the mainnet that is intended to be used only for testing purposes.
Van Der Wijden stated that he and another developer named “Potuz” will create malicious nodes that will send bad blocks and messages to other nodes on the testnet and try to convince them to join a false version of the network. For now, the network is running smoothly, but Van Der Wijden has stated that he wants to “see if Potuz and I can break it.” This is apparently being done to see if the upgrade can prevent malicious attacks or if further changes need to be made before it is implemented on mainnet. Read More
Floor Acquires WGMI.io to ‘Accelerate’ Expansion of NFT Portfolio App
The deal will enrich Floor with analytics and push closer to the goal of being the go-to app for NFT collectors.
Floor, the startup behind the NFT portfolio app of the same name, raised $8 million last year and claims sizable growth for its token-gated app amid the NFT bear market. The firm has now unveiled the next step in its plans to grow both its feature set and audience, announcing today that it has acquired NFT analytics platform WGMI.io.
While Floor delivers a streamlined way for NFT collectors to view and track their holdings, WGMI.io is focused on analytics around market activity and trading trends. Together, they aim to deliver richer features for Floor users while bringing WGMI’s analytics features to a potentially broader audience.
“There were big chunks of what they do that we thought could help accelerate us,” Floor CEO and co-founder Chris Maddern told Decrypt.
Maddern added that he saw “a real interest and passion” from WGMI founder Thomas Mancini in expanding the platform’s features and functionality beyond its relatively small audience of die-hard “degen” traders, and that there was “a ton of alignment” on a united path forward. Terms of the deal were not disclosed, but Mancini has joined Floor full-time. Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets.
The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis.
The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute.
In this article, I will talk about two of the most important challenges: how to make DeFi more accessible to new users and how to improve its performance when compared to centralized services. Read More
A beginner's guide to understanding the layers of blockchain technology
If you've looked into cryptocurrencies or blockchain in any way, you've probably come across terms like layer one and layer two protocols. Are you curious about what these layers are and why they exist? Let's discuss blockchain layer architecture in this article.
Blockchain technology is a one-of-a-kind mix of several current technologies — cryptography, game theory and so on — with a wide range of possible applications such as cryptocurrencies. Encoding and decoding data is a mathematical and computational discipline known as cryptography. The study of the mathematical models of strategic interaction among rational decision-makers is known as game theory. Blockchain eliminates intermediaries, lowers costs and improves efficiency by bringing transparency and security.
Without the oversight of a central authority, distributed ledger technology (DLT) keeps information verified by cryptography among a group of users who agreed through a predetermined network protocol. Combining these technologies fosters trust between people or parties who would otherwise have no motive to do so. They make it possible for blockchain networks to exchange value and data between users securely.
Due to the lack of a centralized authority, blockchains must be very safe. They must also be extremely scalable to handle increasing users, transactions and other data. Layers were born out of the requirement for scalability concurrent to the preservation of top-notch security. Read More
DeFi Platform Injective Reveals $150 Million Ecosystem Initiative
DeFi smart contracts blockchain platform Injective announces a $150 million ecosystem fund to promote the building of interoperable infrastructure and DeFi on Cosmos.
The ecosystem fund announced by Injective a short time ago is designed to support developers who are building on the Cosmos Network.
The fund is backed by a consortium of VC and Web3 companies, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.
The members of the consortium will support projects that are building in some key areas of the Cosmos ecosystem, which include, interoperability, DeFi, trading, PoS infrastructure and scalability solutions.
Injective has been drawing eyes over time as it has become one of the most interoperable networks with access to Cosmos IBC-enabled chains, as well as Ethereum.
It is a fully decentralised smart contracts platform with a focus on finance applications. Its plug-and-play modules can be used by developers to build protocols for exchanges, options, derivatives, and lending.
Eric Chen, co-founder and CEO of Injective Labs said:
"We're thrilled to see some of the largest names in the industry joining Injective's mission to create a more democratized financial system through decentralization. Developer activity on Injective is rapidly increasing with major projects and this new ecosystem fund will provide unmatched opportunities for new builders entering Web3 and the Cosmos ecosystem overall." Read More
This is how Satoshi Nakamoto envisioned crypto working
As global recession is expected to shrink multiple industries globally, the e-commerce industry finds a lifeline by embracing crypto payments.
Satoshi Nakamoto, the creator of Bitcoin, originally envisioned cryptocurrency as a form of payment between two people. This is a key reason why blockchain, the underlying technology of the crypto ecosystem, found its best use cases within the payments sector.
Blockchain-based payment solutions, widely known as crypto payments, allow for a truly global financial network. Cryptocurrencies are detached from geographical restrictions, allowing for seamless transactions between different regions across the globe. The robust technology and potentially minimal fees introduced with cryptocurrency make this type of payment an ideal fit for transaction-heavy digital sectors such as online shopping or e-commerce.
While blockchain-based payments provide significant benefits for the e-commerce industry, online merchants have been taking a wait-and-see approach when it comes to accepting crypto. The main concerns circle around the sophisticated nature of these digital assets as well as the risks associated with embracing a new form of money. Integrating crypto payments has also been a confusing topic for the e-commerce industry because it typically requires a high level of technological expertise.
However, the looming global recession forecasted by both finance experts and government officials forces each industry to be more aggressive in finding new revenue streams to stay afloat in 2023. 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.
