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New Cosmos chain will use liquid staking tokens from other networks for security
Staked ETH, BNB, ATOM, SOL and MATIC will be usable on Tenet as “restakes” to gain further rewards.
A new Cosmos-based blockchain called “Tenet'' will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers.
The network is currently available as a testnet and will launch a mainnet version as soon as testing is complete. This comes after liquid staking has recently become the largest decentralized finance (DeFi) protocol category.
Liquid staking protocols such as Lido, Rocket Pool and Ankr allow users to stake their coins with a network of validators and receive rewards without having to run their own nodes. These protocols also provide users with tokens called “liquid staking derivatives,” or LSDs, redeemable for the underlying deposits and rewards.
According to the announcement, Tenet will allow users to “restake” these LSDs to earn additional rewards on its network. Read More
Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.
Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.
The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols. Read More
How to check an Ethereum transaction
To check an Ethereum transaction, use a blockchain explorer and enter the transaction hash to view details such as sender/receiver addresses and gas fees.
A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether to User B, the action of debiting from one account and crediting to another changes the blockchain’s state.
The change specifically takes place on the Ethereum Virtual Machine (EVM). Ethereum transactions need to be broadcast to the entire network, and any node can broadcast a request for the execution of a transaction on the EVM.
After broadcasting the request, a validator can then execute the transaction and propagate the state change to the whole network. Transaction fees are incurred during the process of validation, and each transaction must be included in a validated block. There are different types of transactions on the Ethereum network: Read More
Developer Inserts 'Bug' in Bitcoin Ordinals—How Bad Is It?
Something really weird has just happened on the Ordinals protocol.
There’s fresh controversy brewing in the Bitcoin Ordinals community after a developer under the moniker “Supertestnet” initiated a transaction that had no input or output, but is nevertheless seen as valid.
This resulted in the Ordinals’s inscription numbering system crashing, sparking concerns that the whole protocol may now be broken.
Ordinal inscriptions, also known as "proof of ownership" inscriptions, are essentially a way of attaching metadata to a specific Bitcoin transaction.
This metadata can include information about the digital asset being transferred, such as its title, description, and ownership details. So far, it's also been used for a wide array of on-chain media inscriptions including artwork, profile pictures, playable games, and video-based web apps. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher
Some point the finger at Ordinals, and a few see nefarious intent.
The Bitcoin quadrant of Crypto Twitter was abuzz with concern on Sunday, as some users saw high transaction fees and a congested backlog of transactions as an attack on Bitcoin.
There are currently over 469,000 transactions waiting to be confirmed in Bitcoin’s mempool as of this writing, according to mempool.space. Before transactions are added to Bitcoin’s blockchain, transactions are sent to the network’s mempool, where they wait to be selected by a Bitcoin miner and inserted into Bitcoin’s next block.
Bitcoin transaction fees were also quite high, with high-priority transactions commanding a rate of 654 sat/vB, or around $26, according to mempool.space.
The two metrics suggested that Bitcoin’s network was especially clogged, but some thought it was the product of nefarious behaviour, aimed at cutting off those that couldn’t handle the uptick in transaction fees. Read More
What is Tokenomics? A beginner’s guide on supply and demand of cryptocurrencies
A popular word for describing the internal dynamics of crypto projects, tokenomics, sheds light on how the asset functions, along with the psychological or behavioural forces likely to affect its value. Incentivizing buying and holding of the token and well-designed tokenomics plays a pivotal role in the success of a project.
On the other hand, projects with poor tokenomics bite the dust sooner or later. Improper token mechanics is the first sign of upcoming trouble. Understanding tokenomics is a critical step when making the decision whether or not to buy a crypto asset.
This article digs into the functioning of tokenomics, main features, cryptocurrency supply and demand, token burning, allocations and more. You’ll learn why tokenomics is important and how to use tokenomics to determine cryptocurrency value. Read More
Aave v3 launches on Ethereum layer-2 network Metis
Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.
Decentralized liquidity protocol Aave has deployed on Ethereum layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.
Aave’s community recently voted in favor of a proposal deploying on zero-knowledge Ethereum Virtual Machine (zkEVM) platform zkSync Era, paving the way for the DeFi protocol to tap into powerful performance improvements delivered by the scaling infrastructure.
A number of different zk-proof-powered layer-2 protocols are being developed by Ethereum ecosystem participants, providing developers with a choice of infrastructure to scale their respective platforms.
While Aave has yet to deploy on zkSync Era, it has announced its deployment of v3 of its protocol on Optimistic Rollup scaling protocol Metis. The latest version of Aave’s protocol is touted to benefit users across both protocols, with Metis users set to benefit from the provision of DeFi borrowing and lending services.
Ethereum.org highlights the main difference between Optimistic Rollups and zk-Rollups. The former processes transactions off-chain before publishing data on-chain, with a timeframe for network participants to challenge the validity of transaction data. Read More
Bitcoin Payment Option 'Is Coming', Says Liechtenstein's Prime Minister
The Principality of Liechtenstein may follow suit of several cantons in the neighbouring Switzerland by accepting Bitcoin for state services.
Liechtenstein is planning to accept Bitcoin (BTC) as payment for state services, Prime Minister Daniel Risch said in an interview with German business daily Handelsblatt.
"A payment option with Bitcoin is coming," said Risch, who also serves as Liechtenstein’s finance minister.
Although there isn't a specific timeframe for the implementation of this payment option, Risch said the plan is to accept Bitcoin deposits and exchange them immediately for the Swiss franc, Liechtenstein’s national currency.
A similar approach has been used by the Swiss communities Zug and Lugano, where local authorities accept Bitcoin for the payment of certain taxes and public services.
Risch is also reportedly open to investing state funds in Bitcoin in the future. 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.
