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1inch Network Joins DeFi Heavyweights Launching on Ethereum Layer-2 Base
The decentralized exchange aggregator 1inch joins Uniswap and Sushiswap on Coinbase-incubated Base blockchain.
Decentralized exchange aggregator 1inch is rolling out its services atop the Coinbase-incubated Ethereum layer-2 network Base.
The team deployed the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Base today.
In contrast to instant conversions commonly offered by decentralized exchanges, 1inch's limit order protocol lets investors place buy and sell orders at specific prices.
This order is executed if the market price reaches the specified value.
Now the protocol is live on Base, it will pull pricing data from the 15 different decentralized exchanges on the layer-2 network. Read More
Why Proof of Reserves is Vital for Real-World Asset Tokenization
Matrixdock has partnered with Chainlink to enhance the transparency of its STBT token, backed by short-term U.S. Treasury securities.
Digital assets platform Matrixdock is guaranteeing the transparency of its tokenized real-world assets through a new integration with blockchain oracle Chainlink.
Matrixdock’s integration of Chainlink Proof of Reserve allows the Matrixdock STBT PoR feed to automatically update based on data provided by Matrixdock's auditor, which has access to Matrixdock's daily bank statements. This enables users to verify the holdings backing its Short-term Treasury Bill (STBT) token.
"At any given moment, anyone can verify the number of STBT tokens and the dollar value of the assets in the bank account," Ben Stani, business development and sales lead at Matrixport, told Decrypt.
Matrixport subsidiary Matrixdock provides institutional and accredited investors with transparent access to tokenized real-world assets. It offers an unchangeable record of ownership, daily proof of reserve, and complete protection against bankruptcy, "setting a new standard for asset-backed tokens in terms of on-chain transparency," Stani told Decrypt. Read More
Solana Pay Integrates With Shopify for Instant Payments With USD Stablecoins
Solana Pay will be integrating with Shopify, one of the world’s biggest e-commerce platforms in the world for a new payment function.
The Solana Foundation, creators of Solana Pay, says in an announcement that the protocol will now be included as a payment option on Shopify.
Solana’s X page says,
“Payments should be accessible, fast, and frictionless: With no intermediary, Solana Pay eliminates bank fees, chargebacks, and holding times while enabling immediate, direct payment settlement of USD stablecoins compatible with Solana". Read More
Exploring the Value of Bitcoin
A common argument against Bitcoin’s long-term viability is that it doesn’t have any real value.
This response is reasonable when you consider that Bitcoin is a technology that is so innovative, it feels unfamiliar to most people when they first encounter it.
It’s not like fiat currency, which is issued by a central bank associated with a powerful government.
It is unlike a stock, which gives the holder partial ownership of a company. It’s not like an altcoin, which is primarily used to speculate on the viability of new tech projects.
It’s not like a bond, which provides the holder with a claim on an amount of debt that will be repaid when the bond matures.
It does not generate cash flows, like rent on real estate or interest on a loan. It is not a precious metal used in industry and jewelry, like gold.
And yet, a single Bitcoin is valued in the tens of thousands of US dollars. People buy, sell and use it all over the planet. Why? Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues wth 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
Web3 Domain Provider Unstoppable Domains Unveils End-to-End Encrypted Messenger
Currently, the platform boasts over 3.7 million Web3 domain registrations.
Popular Web3 domain service provider – Unstoppable Domains – announced the launch of ‘Unstoppable Messaging.’ The new offering is an end-to-end encrypted Web3 domain messenger that aims to help Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner while retaining privacy.
Unstoppable Domains also plans to expand its functionalities and has roped in two messaging platforms for the same.
According to the official press release shared with CryptoPotato, Unstoppable Messaging is designed with safety and privacy in mind. The messages, which are end-to-end encrypted, are stored on XMTP’s decentralized network, which is expected to ensure that only users can access and decrypt them. Read More
Dropbox Sunsets Unlimited Storage Plan, Partly Blames Crypto Mining
The popular cloud storage provider is ending its unlimited storage policy and transitioning to a new metered model.
Dropbox, a widely used cloud storage provider with over 18 million paying users globally, has announced the end of unlimited storage.
Detailing the rationale behind the change, the company said the decision comes in response to growing misuse of the offering, where customers have been leveraging its Advanced subscriptions for purposes unrelated to business use, such as crypto. Dropbox took specific aim at Chia (XCN), personal storage pooling, and even storage reselling.
“We’ve observed that customers like these frequently consume thousands of times more storage than our genuine business customers, which risks creating an unreliable experience for all of our customers,” Dropbox said. “Importantly, our policy for Advanced has always been to provide as much storage as needed to run a legitimate business or organization, not to provide unlimited storage for any use case.” Read More
Tor Network Is Now Using Bitcoin-Like Security to Guard Against Attacks
Instead of forcing clients to go after a static target, Tor asks clients to 'bid' using their PoW effort, Tor Project's told Decrypt.
Since mid-2022, the privacy preserving Tor network has been plagued by denial-of-service attacks, making the network sluggish and—at times, downright impossible to use.
In its latest software release, Tor is aiming to "defend" against these attacks with proof of work, the same cryptographic mechanism that underpins and secures Bitcoin. Using proof of work in some manner to prevent attacks has been an idea in the Tor community for many years. Now it’s finally in place.
The goal of this roll out is to require attackers to use more computational resources to execute their attacks.
Tor is a network that privatizes the IP addresses of people who use it. It's also used by Bitcoin and other cryptocurrency advocates to improve their privacy, hiding the IP address of Bitcoin nodes or where transactions are coming from, for instance. Read More
Decentralized social networks have a retention problem, say execs
Decentralized social network Friend.tech may have risen quickly, but execs argue decentralized social media apps still have an onboarding and retention issue to fix.
Despite the recent bloom of the decentralized social media app Friend.tech, executives from the industry argue there's still much more work to be done — with many still experiencing massive challenges getting users to sign up and stay on their platforms.
Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to clunky onboarding or simply not knowing anyone.
Ed Moss, the head of growth for layer-1 blockchain firm DeSo, said the process of cryptocurrencies from an exchange, transferring it to a wallet with an installed Chrome extension, and then paying high gas fees to transact on-chain or across chains is tedious and expensive for first-time users.
“We've found that 99% of mainstream users will drop off at that first step, so simplifying this flow is mission-critical.” 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.
