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ETH Merge: CoinGecko co-founder shares strategy for forked tokens
Bobby Ong tweeted that holders can bridge their tokens back to the mainnet, unwrap their Ether and remove their liquidity to maximize ETH PoW airdrop eligibility.
Many believe that after Ethereum transitions to proof-of-stake (PoS), a faction of Ether (ETH) miners will be creating a proof-of-work (PoW) fork of the network so that they can still keep mining. An executive believes that there are ways for ETH holders to take advantage of this upcoming event.
In a Twitter thread, Bobby Ong, the co-founder of token information website CoinGecko, shared his strategies when it comes to the upcoming ETH Merge. According to Ong, ETH holders will soon be getting airdrops of ETH PoW tokens and shared some tips on how ETH holders can fully seize this opportunity.
Ong noted that the easiest way to get the fork airdrops is to hold ETH at exchanges that support the forks. However, holding ETH in hardware wallets would also work and could make a trader eligible for all the forked tokens.
To maximize the amount that holders can get, the executive also advised traders to bridge their tokens back to the ETH mainnet, unwrap their Wrapped Ether (wETH) and remove their ETH liquidity from decentralized finance (DeFi) protocols. Read More
Crypto app targeting SharkBot malware resurfaces on Google app store
The SharkBot malware family was first discovered last October and has continued to evolve with new ways to hack into users’ Android-based crypto and bank apps.
A newly upgraded version of a banking and crypto app targeting malware has recently resurfaced on the Google Play store, now with the capability to steal cookies from account logins and bypass fingerprint or authentication requirements.
A warning about the new version of the malware was shared by malware analyst Alberto Segura and treat intelligence analyst Mike Stokkel on Twitter accounts on Friday, sharing their co-authored article on the Fox IT blog. Read More
Inter-Blockchain Communication: The Key to Blockchain Mass Adoption
Blockchain’s stature is growing exponentially. Business spending on blockchain is predicted to be $11.7 billion by Q4 of 2022 and one of the prime factors for this is the increased importance of data integrity, security, decentralization, and reliability in operations. As more businesses and people start to grow aware of blockchain’s transformative potential, it is undoubtedly said to reach new milestones.
Web 3.0 firms have been spearheading innovations in the crypto space and are germinating Blockchain into the very heart of organizations’ business processes and are adding significant value in enterprise solutions. Several DLT ecosystems and applications have emerged to meet the niche needs of industries and offer solutions to a range of use cases.
Despite this, blockchain is yet to witness mass adoption.
Part of this slow adoption can be attributed to the technology’s inherent traits: that it occurs very gradually until 8-10% before exploding in usage. However, a major cause of this holdup can be attributed to the fact that blockchains and dApps lack the ability to connect, transfer data and interact with other chains. This is known as ‘interoperability’. Read More
Here’s What’s Coming for Cardano (ADA) After Big Vasil Upgrade, According to Creator Charles Hoskinson
Cardano (ADA) creator Charles Hoskinson is revealing what’s next for the Ethereum (ETH) rival’s blockchain after the highly anticipated Vasil upgrade.
In a new video, Hoskinson confirms the release date of the Vasil hard fork, an upgrade that aims to increase the scalability of Cardano.
“This is one of the long ones, probably the hardest update we’ve ever had to do as an ecosystem. If we’ve all done our jobs right, we’re going to wake up on September 22nd, and it will be just another day. That’s the magic and power of the Cardano ecosystem.”
Once the big Vasil update is up and running, Hoskinson says Cardano will continue evolving. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
LG Launches NFT Platform With Hedera Blockchain
South Korea-based digital manufacturer LG Electronics has launched a new NFT platform in collaboration with Hedera blockchain.
The platform, LG Art Lab will allow users to buy, sell and put up digital art or non-fungible tokens (NFTs) on their television sets, the company announced.
While Swiss-based Tag Heuer became the first watchmaker in June to announce a tool to allow watch owners to display NFTs on their smartwatches, the Seoul-headquartered television company has become another top company to add value to the NFT space with this new mew move.
The company also announced that LG Art Lab is available on television webOS 5.0 or later in the US.
The platform also allows users to preview the profile of artists and their upcoming work, along with a countdown to their upcoming NFT releases. Its marketplace provides a venue for trading pieces. Read More
Crypto Talk with OliveX's CEO Rumjahn: Move-To-Earn Fitness App & DOSE Token
Working out has become a trending conversation on social network platforms. Exercise, especially indoor-style, is influencing lifestyle amid a wide range of COVID-19 lockdowns globally.
Blockchain.News spoke to Keith Rumjahn, CEO of OliveX and Founder of DOSE token, to explore the potential development of a move-to-earn business model and how cryptocurrency shapes the virtual fitness and sports industry.
Riding a bicycle is more than just a fun physical activity nowadays as the connection between fitness facilities and personal mobile devices is about to introduce users to a new chapter in the virtual world. Read More
Staking on Polkadot, explained
This is a platform that focuses on inter-blockchain communication — ensuring that different networks can talk to one another.
Polkadot was established by Gavin Wood — and if that name sounds familiar, there's a good reason why. He co-founded Ethereum and created the Solidity smart contract language.
A key difference with Polkadot lies in how highly customizable Layer 1 blockchains can be established using this infrastructure… and they won't be siloed from the ecosystem.
At the beating heart of this network are validators responsible for governance and security, as well as ensuring that "parachains" remain in constant communication.
When Polkadot was formed, key decision choices were made that helped make the ecosystem what it is today. A crucial difference concerns the wide variation of pooling options that are available to users — eliminating the high barriers to entry that often stop validator nodes from receiving staking rewards. Read More
PraSaga awarded U.S. patent for placing computer operating system onto the blockchain
The patent protects claims for processing non-singular message passage transactions on the blockchain.
According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed "SagaOS," on the blockchain. Titled "Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology," the methods described in U.S. patent no. 11436039B2 relates to processing multiple message passing transactions via blockchain.
At present, smart contracts only allow for processing just one transaction or action at any given time. However, PraSaga claims that its proprietary methods, as described in the patent, can allow for the execution of multiple actions simultaneously and in greater numbers. The SagaOS team said they hope to establish an operating system on the native SagaChain that stores the class trees and logic for smart assets saved into individual accounts on SagaChain.
With regard to the development, David Beberman, PraSaga's co-founder, chief technology officer and inventor of the technology, said:
"SagaOS is going to improve the ability for developers to create applications, manage their codebases, and address real-world challenges. We set out to address parallel processing of transactions and in the process built a method for writing blockchain applications that more closely matches other applications environments." 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.
