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Alert! Alert!  New Secured Solana Wallets are coming  to replace the old hacked Solana wallets, Alert! Alert! 

New Developments Happening in the Blockchain Space: 20-03-2024

Posted by Simon Keighley on March 20, 2024 - 8:25am

New Developments Happening in the Blockchain Space: 20-03-2024

New Developments Happening in the Blockchain Space 20-03-2024

Image Source: Pixabay


Other Page Brings Enhanced Web3 Profiles to Magic Eden NFT Marketplace

The partnership will enable Magic Eden users to “flex the lore and legacy” of their avatars and digital assets through Other Page.

Other Page and Magic Eden have announced a collaboration that aims to reinvent profiles within the marketplace by enabling users to customize their avatars and showcase their full Web3 legacy across all of their wallets and communities.

Other Page's goal is to simplify profile creation by introducing a universal profile to flex the lore, IP licences, lineage, club or guild affiliation, full sets, rare assets and inventory, as well as game data and achievements across both digital and IRL experiences. These profiles are similar to in-game character screens or Steam profiles, however, they’re interoperable between apps and games, with changes instantly reflected on integrated platforms. Read More


 

Ethereum Mainnet Gears Up for Dencun Upgrade: Lower Fees and Enhanced Efficiency

The Ethereum Foundation's Protocol Support Team has officially announced the activation of the Dencun network upgrade on the Ethereum mainnet. This long-anticipated upgrade, slated to go live at epoch 269568 on March 13, 2024, at 13:55 UTC, promises to bring significant improvements to the network, including the introduction of ephemeral data blobs and a mechanism known as "protodanksharding."

A Leap Forward in Scalability and Efficiency:

The Dencun upgrade, which follows the previous year's Shapella upgrade, includes transformative changes to both the consensus and execution layers of Ethereum. Among the most notable is the implementation of EIP-4844, which introduces shard blob transactions designed to reduce Layer 2 (L2) transaction fees. This upgrade represents a crucial step in Ethereum's ongoing journey to increase scalability and efficiency, ultimately benefiting users and developers alike. Read More


 

How to bridge to Solana

You can move digital assets from various blockchains to Solana using decentralized bridges or centralized platforms. Under the hood, bridges work through a lock-and-mint mechanism.

Blockchains can be considered virtual islands or distinct ecosystems, originally designed with limited ability to interact directly with one another. This design choice has historically restricted users’ ability to transfer assets freely across different blockchain platforms. 

Blockchain bridges have emerged as a solution to overcome these limitations and facilitate the seamless movement of funds across chains. This allows cross-chain compatibility, simplifying the process of transferring digital assets between diverse chains and enabling users to move their funds conveniently without getting stuck to one blockchain.

The use case of bridges isn’t limited to the transfer of assets between chains. It could include complex executions like simultaneous utilization of resources or functions by decentralized applications (DApps) from multiple blockchains. Read More


 

CoinGecko enables access to on-chain DEX data via API

The new update expands CoinGecko’s API coverage to 2.2 million tokens across 2.5 million liquidity pools.

Digital asset data aggregator CoinGecko has launched a feature that will make it easier for the community to access on-chain data from decentralized exchanges (DEXs). 

On Feb. 28, CoinGecko announced that it is making DEX data available through its application programming interface (API). The data will be supported by its DEX tracking arm, GeckoTerminal. With the new integration, users will be able to access a unified API for crypto prices, market data and metadata. In addition, on-chain liquidity pool data for cryptocurrencies not yet listed on CoinGecko will also be available.

According to CoinGecko, this new product update will expand its API coverage to 2.2 million tokens across 2.5 million liquidity pools. This will also mean users can access data from about 900 DEXs across 120 networks. This includes decentralized trading platforms like Uniswap, PancakeSwap, Orca, Curve and Balancer. This data is now available to CoinGecko’s paid API subscribers through 20 new endpoints. Read More


 

How To Increase Your Sphere Of Influence In Markethive 

We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media. 

We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc. 

The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email. 

With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More

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‘Parallel’ Ethereum NFT Card Game Set to Open to the Public

GG’s pick for 2023’s game of the year, Parallel, is expanding with an open beta launch followed by a new in-game season.

Parallel, an NFT trading card game with assets minted across Ethereum and scaling network Base, will make its long-awaited move into open beta on Thursday, February 29, letting anyone jump in and start playing the competitive PC game.

Previously available only in a closed beta, Parallel—GG’s pick for the best game of 2023—builds on the foundations of genre giants like Hearthstone and Magic: The Gathering, but with some fresh wrinkles and a distinctive space opera setting.

Parallel’s developers announced the impending launch via a blog post on Wednesday, noting that a game update had been released with various gameplay tweaks and content additions ahead of the gates being opened to the public. Read More


 

Blast Unlocks $2.3 Billion in Crypto as Ethereum Scaler Launches

Ethereum layer-2 network Blast is live as the first apps go online—and billions in crypto funds locked up by users can now be withdrawn.

Blast, an Ethereum layer-2 scaling network from the founder of leading NFT marketplace Blur, launched its mainnet Thursday afternoon, finally unlocking billions of dollars’ worth of crypto funds that users had locked up in an effort to earn staking and airdrop rewards.

More than $2.3 billion had been staked into the bridge from the Ethereum mainnet to Blast, according to the Blast website, just before the scaling network went online. Blast was revealed in November, alongside the bridge and rewards campaign.

The total had been rapidly climbing over the last few days, in part because traders were attempting to get their funds onto Blast to take advantage of a growing slate of projects that will launch on the network and airdrop tokens and rewards to early users. Read More


 

UK authorities will soon have fewer restrictions when seizing crypto

From April 26, the U.K. economic crime legislation will include civil recovery orders for confiscating crypto assets.

The United Kingdom government recently released statutory instrument documentation stating that U.K. law enforcement authorities will be able to freeze crypto assets used in crime without requiring a conviction from the end of April.

Published on Feb. 29, the document outlines the amendments made to the Economic Crime and Corporate Transparency Act 2023, which expands the power of the National Crime Agency to confiscate and seize crypto assets the agency suspects are linked to suspicious illicit activities, without needing to go through extensive legal procedures.

Additionally, authorities will be able to retrieve crypto assets directly from exchanges and custodian wallet providers. They will also have the option to destroy crypto assets if needed. Read More


 

No-code blockchain development, explained

Developing software applications without a deep understanding of coding or conventional programming languages is known as “no-code development.”

It enables quick and effective design and deployment of functional applications by individuals with different degrees of technical competence. Users can assemble required functionalities by dragging and dropping parts through pre-built modules and intuitive graphical interfaces, which lowers the barrier to entry for software creation.

Web3 users now have access to a number of popular no-code development platforms that support blockchain’s decentralized architecture. No-code development is relevant to blockchain because it makes it possible for anyone to construct decentralized applications (DApps) without learning complicated smart contract programming. 

Using an open-source framework called OpenZeppelin, developers can create DApps without writing complex contract code from scratch by utilizing a library of reusable and secure smart contracts for the Ethereum network. Access control, utility contracts, security and token creation are just a few of the use cases the library addresses. 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.

 

 

 

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