x
Image Source: Pixabay
Trezor Launches New Hardware Wallets, Metal Seed Backup for Crypto Beginners
Complementing its flagship Bitcoin hardware wallet, the Trezor Model T, the Czech-based manufacturer has unveiled a new line-up of products.
Hardware wallet provider Trezor has just unveiled a trio of new products aimed at assisting enthusiasts self custody their cryptocurrencies.
The new product lineup features the Trezor Safe 3 hardware wallet, the Trezor Keep Metal recovery seed backup, and a limited-edition Trezor Safe 3 Bitcoin-only wallet.
"Despite the obvious wisdom of 'not your keys, not your crypto,' just 2% of the 420 million global cryptocurrency users practice self-custody, while most use centralized exchanges and hot wallets," Trezor CEO Matěj Žák told Decrypt. "Clearly, there is a need to educate users on how to safely store their digital assets and provide them with user-friendly products that have a straightforward onboarding process." Read More
Uniswap Launches Mobile Ethereum Wallet on Android
Launched in beta, Uniswap's wallet offers automatic switching between mainnet and layer-2 networks, along with other features.
Leading decentralized exchange Uniswap released a mobile crypto wallet for Android on Thursday, months after doing the same on Apple’s iOS platform.
The app is currently in beta, while the company invites members of the DeFi community to help it test the wallet before it’s released more widely to users. As per Uniswap’s Twitter feed, some 35,000 users have already signed up to the waitlist.
In line with the beta launch, the Uniswap Labs team will also open-source the code as part of its Trail of Bits audit. Trail of Bits is a cybersecurity company that offers blockchain auditing, and develops Web3 tools that identify and fix vulnerabilities in smart contracts and other parts of code. Read More
KYC hook for Uniswap v4 stirs community controversy
A hook that enables Know Your Customer verification on Uniswap v4 pools is fueling debates about DeFi’s future.
A new hook available on an open-source directory for Uniswap v4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade in token pools.
Criticizing the hook, a user on X (formerly Twitter) noted that the hook opens up the possibility of decentralized finance protocols being whitelisted by regulators:
“As I explained in all my posts for the past year: It starts with ‘kyc option’ for LPs. And then eventually it moves into a ‘regulator whitelist approved’ database hosted offchain. And then non-kyc gets labeled as illegal terrorist money laundering. Stop simping for soyboys.”
Essentially, a hook is a tool that allows developers to customize code without altering the main structure of the program. In Uniswap v4, this hook will permit developers to use KYC verification within the decentralized finance protocol. Read More
How to build a DApp on Ethereum
To build an Ethereum DApp, utilize development tools, create secure smart contracts, design a user-friendly front-end and rigorously test it before deploying it.
The Ethereum DApps ecosystem is thriving, and the potential for decentralized applications (DApps) is immense. Who wouldn’t want to participate?
Developers can now build applications with their own native coins or nonfungible tokens (NFTs) on secure blockchain networks to serve any purpose — from financial and industrial use cases to social media sites and, of course, for gaming.
Let’s look at some questions developers might have and how they can get started on an Ethereum DApp project. Read More
.png)
Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.
The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.
The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.
Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival. Read More
(1).gif)
EtherHiding: Hackers create novel way to hide malicious code in blockchains
Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers.
Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code.
A breakdown of the technique known as “EtherHiding” was shared by security researchers at Guardio Labs in an Oct. 15 report, explaining that the attack involves compromising WordPress websites by injecting code that retrieves partial payloads from the blockchain contracts.
The attackers hide the payloads in BSC smart contracts, essentially serving as anonymous free hosting platforms for them. Read More
The necessity of blockchain networks backed by individuals
Running a blockchain can be a complicated task. The solution? A user-centric blockchain network that utilizes lightweight full nodes.
Blockchain technology offers new horizons in terms of user governance and digital interaction between parties. It evolves with each iteration, adding new use cases and better functionality along the way. However, the technical requirements of becoming a participant in any given blockchain network, along with the complex nature of the technology itself, often prevents newcomers from running a node and becoming a validator.
Lowering those barriers should be priority number one for the whole blockchain ecosystem. If we can’t get more users to run nodes, we can’t drive decentralization, as this would force people to rely on other services to interact with blockchains. Blockchain nodes should be light enough, so anyone can run them without dedicated equipment. The node software should also be simple enough so that non-technical users have no trouble operating with it. Read More
What is Reed’s law, and why does it matter in the crypto space?
The concept of network effects is extended by Reed’s Law, which was developed by Harvard professor David P. Reed in 1999 and emphasizes the importance of communities and subgroups within a network.
Reed’s Law states that the value of a network increases exponentially with the number of potential subgroups that users can establish within the network, in contrast to Metcalfe’s Law, which states that a network’s value is proportional to the square of its number of users.
Reed’s Law considers the combinatorial explosion of potential groups in contrast to Metcalfe’s Law, which emphasizes the total number of connections among users. While Reed’s Law implies an exponential rise, emphasizing the importance of smaller, more niche groups, Metcalfe’s Law suggests a quadratic growth in value regarding the number of users.
Using the formula 2^n, where “n” stands for the number of potential subgroups within the network, Reed’s Law determines the value of a network. This formula emphasizes the ability of communities to produce and distribute value by showing that as the number of potential subgroups grows, the value of the network expands at an astounding rate. Read More
Token adoption grows as real-world assets move on-chain
From real estate and digital art to government bonds, tokenizing real-world assets is no longer a thing of the future.
While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade.
A variety of asset categories are actively being tokenized and garnering investments, with recent data suggesting that the total value of tokenized real-world assets reached an all-time high of $2.75 billion in August. And while the metric has slipped since then, it still stands at around a respectable $2.49 billion as of Sept. 30.
As per a joint survey by research and advisory firm Celent and American banking behemoth BNY Mellon, 91% of institutional investors are interested in putting their money into tokenized assets, with 97% agreeing that tokenization stands to revolutionize the realm of asset management. 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.
