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CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a "frontier of innovation." However, this transition isn't devoid of challenges. Mobile platforms inherit a lineage of security hurdles that threaten to impede the smooth operation of blockchain technologies on these devices. On 31st October 2023, CertiK delineated a series of tweets, unfolding the panorama of threats alongside respective safeguards in the mobile blockchain ecosystem.
The first in the series of tweets outlined the threat posed by malware and ransomware. These malicious software target cryptocurrency wallets on mobile devices to either siphon off funds or encrypt data, demanding a ransom for decryption. CertiK advised maintaining a pristine device environment by employing reputable security solutions to ward off such threats.
The subsequent tweet highlighted the risks associated with insecure wallet applications. Read More
Monolithic vs. modular blockchains
Ethereum founder Vitalik Buterin stated something called the Blockchain Trilemma. A blockchain tries to be secure, fast and decentralized.
Looking at all the cryptocurrency in tracking sites like Coinmarketcap.com may leave most beginners confused at the number of tokens being offered to the public. Layer-1, layer-2, metaverse, DeFi, gaming, liquid staking, real world assets, memes and the like are like the toys in a large toy shop. Each has its own separate world.
One of the more recent types of tokens that have hit the market are called layer-2 scaling solutions. Examples of these tokens are Optimism, Arbitrum, zkSync, Polygon zkEVM, Consensys Linea, Coinbase Base, Starkware and a few that are not yet well known.
Ethereum founder Vitalik Buterin stated something called the Blockchain Trilemma. A blockchain tries to be secure, fast and decentralized. But according to Buterin, it is very hard to achieve all three. Ethereum, for example, is secure and decentralized, but it is quite slow. Transactions can sometimes take an hour or so to finalize if the network is congested. It is secure and decentralized because more than 500,000 independent validator nodes now secure the network and approve transactions by consensus. That is also why it is slow compared to a blockchain that only has a handful of nodes that validate transactions by consensus. Read More
What is metadata in blockchain transactions?
Metadata in blockchain transactions, explained:
Additional data or information that can be appended to a crypto transaction on a blockchain is referred to as metadata in blockchain transactions.
Although the main function of a blockchain is to document and authenticate the transfer of digital assets, including cryptocurrencies like Ether (ETH) or Bitcoin (BTC), metadata enables users to add additional information or context to their transactions.
Metadata is data about data. In the context of blockchain transactions, it includes information that is not directly related to the transfer of cryptocurrency but can provide additional functionality to the transaction.
There are two main types of metadata in blockchain transactions: Read More
Bored Ape Creator Yuga Labs and Magic Eden Launching Ethereum NFT Marketplace That Enforces Royalties
Magic Eden’s new Ethereum NFT marketplace will be “contractually obligated” to pay royalties. What does that mean for traders?
Multi-chain NFT marketplace Magic Eden announced Saturday that it will launch a new Ethereum platform by the end of the year in collaboration with Bored Ape Yacht Club creator Yuga Labs—with a firm commitment to honor creator royalties on NFT sales.
The companies said in a statement that Magic Eden will have a “contractual obligation” to pay Yuga Labs its share of secondary market sales of its future NFT collections.
“We’re very much happy to put our money where our mouth is,” Magic Eden co-founder and CEO Jack Lu told Decrypt.
Lu said that Magic Eden’s overhauled Ethereum marketplace would use new smart contracts—which contain the code that powers decentralized apps (dapps)—with technical innovations that it says will ensure that royalties are paid out during secondary market sales. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu
The Animoca Brands co-founder says spot Bitcoin ETF enthusiasm has directly correlated to increased confidence and activity in GameFi.
Enthusiasm surrounding a possible spot Bitcoin exchange-traded fund (ETF) isn’t just driving up the price of Bitcoin — it’s also sparked a resurgence of enthusiasm for blockchain games, said Animoca Brands co-founder and executive chairman Yat Siu.
Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence in the Web3 gaming market as well as sparked a fresh wave of related on-chain activity.
“Token values are a way of confidence building in terms of users and utility. It’s not for the purpose of just having money, but it’s also to feel confident about what you own.”
“If an industry or a country isn’t growing, despite the fact that prices might be high, then people can lose confidence,” Siu said. Read More
Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week
A “significant” shift in Bitcoin hodler sentiment provides the backdrop to BTC price action, clinging to its highest levels in 18 months.
Bitcoin begins the second week of November still holding strong near 18-month highs — where might BTC price movements head next?
The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close.
In what analysis is increasingly describing as a change in sentiment, Bitcoin and altcoins alike are refusing to retrace gains that first kicked in over a month ago.
Amid a torrid macroeconomic environment, crypto is striking out on its own, where assets such as stocks are feeling the pressure, and bulls are hopeful that the upside is not yet over. Read More
Ethereum Upgrades, DeFi’s Potential Growth and Bitcoin’s ETF Boost – Q4 2023 Crypto Market Projections
Cryptocurrency is changing rapidly. Driven by advancements in blockchain technology, regulation and adoption, the market is looking like it will be changing again.
One of the seminal moments of Q3 2023 was the avalanche of applications for Bitcoin (BTC) spot ETFs (exchange-traded funds) by major asset management firms.
This was fueled by Grayscale Investments’ victory against the SEC in August 2023, which gave the firm a green light for its BTC spot ETF initiatives.
This surge in institutional interest is a sign of mainstream financial acceptance.
The technical upgrades in Ethereum’s ecosystem – particularly the upcoming Cancun upgrade – promise to redefine how decentralized applications (DApps) operate.
These exciting developments have set the stage for a transformative Q4. Read More
Kraken looking to ‘solve’ industry challenges amid layer-2 rumors
The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the company is “enthusiastic” about layer-2 solutions.
Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with the Base network earlier this year.
The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization is looking to hire a senior cryptography engineer who would be in charge of designing and implementing cryptographic protocols and “layer-2 solutions.”
Within the job post, Kraken also noted that its team has “recently embarked on exploring how more protocols and decentralized applications can be integrated” into its crypto ecosystem. The post also noted that the company is enthusiastic about layer-2 protocols. 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.
