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Ethereum is a ‘dumpster fire' — Charles Hoskinson
Despite assurances, discrepancies between Cardano’s theoretical network capacity and its utility remain.
An amusing attempt at satire has drawn the ire of Cardano founder Charles Hoskinson, or so it appears.
In response to a fan commentary doubting the blockchain’s roadmap and criticizing its supposed similarity to Ethereum, Hoskinson responded, "It’s getting delusion town now," and, “We are living rent-free in the maxi minds. I pity them." Addressing the Ethereum comparison, the founder said:
“Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their own layer 2 ecosystem."
"Cardano's sidechain plans mutually benefit both Cardano and the sidechain," he stated.
In March 2020, the Cardano Foundation published a research paper describing Hydra, a layer-2 solution using sidechains to offload transactions from the main network. Hoskinson explained that Cardano would soon become “the fastest system in the world," raising the following example:
“Simulations have shown that each 'Hydra head’ can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each of which processes 1,000 TPS, Cardano could achieve a throughput of up to one million transactions per second." Read More
5 smart contract vulnerabilities: How to identify and mitigate them
Explore five critical smart contract vulnerabilities that pose risks to blockchain systems. Learn how to spot and neutralize these threats for secure and resilient DApps.
Smart contracts, the self-executing code on blockchain platforms, have transformed industries by automating processes and enabling trustless transactions. However, their complexity can also make them susceptible to vulnerabilities that could be exploited by malicious actors.
This article will delve into five common smart contract vulnerabilities, explore their potential impacts, and provide insights into how to identify and mitigate them effectively. Read More
Ethereum Layer-2 Arbitrum Sees Ongoing ‘Influx’ of New Users After ARB Airdrop: Nansen
Arbitrum has enjoyed continued growth even after the ARB airdrop, as new users pile into the speedy layer-2.
Arbitrum, an Ethereum rollup with assets worth $5.77 billion bridged to it, continued to see increased growth last quarter.
The activity comes after a highly anticipated airdrop in March this year.
The layer-2 blockchain witnessed strong activity based on the “consistently higher” transaction count and “influx of new participants,” according to a Nansen report shared with Decrypt.
Notably, the blockchain has supported more activity since the airdrop in March. Read More
The ultimate guide to password management for crypto enthusiasts
Explore strong password creation, management and advanced protection techniques to secure crypto holdings.
In the world of cryptocurrencies, security is paramount. As a crypto enthusiast, one of the foundational steps to ensuring the safety of your digital assets is effective password management.
With the potential for significant financial loss in the event of a security breach, mastering the art of password protection is a critical skill. This comprehensive guide will walk you through the importance of password security, best practices for creating strong passwords and advanced techniques for managing your passwords securely.
Why password security matters:
The first line of defence against unwanted access to an individual’s cryptocurrency holdings is their passwords. Due to the irreversible nature of blockchain transactions, a compromised account may result in large losses. As a result, it’s important to ensure strong password security, since hackers and cybercriminals are continuously developing new ways to attack vulnerabilities. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
Crypto's Oldest Use Case Is Back in the Spotlight. But Why Now?
Tokenization is back in a big way.
For some reason, tokenization, one of the crypto industry’s original promises, is again making headlines.
“It’s so funny because people that had been around from 2018 have all these scars from pitching this stuff and believing it and nothing happened,” Polygon’s tokenization lead Colin Butler told Decrypt.
Tokenization basically refers to the transfer of more traditional financial assets like stocks and bonds onto a blockchain. The transition has promised lower overhead costs and increased efficiency. And these days it’s got everyone pretty excited.
Avalanche, for instance, has just rolled out a $50 million initiative to help builders in this area (so long as they’re doing it on Avalanche). Late last year, Blackrock CEO Larry Fink called it the “next generation of markets.”
But why the sudden change of heart? Read More
How to buy Bitcoin with Cash App
A step-by-step guide to buying Bitcoin on Cash App, including guidance on fees, the auto invest feature and security tips to empower your cryptocurrency investment journey.
Cash App, a multipurpose financial app, offers various capabilities, including money transfers, investment options and cryptocurrency purchases. Serving as a comprehensive financial tool, Cash App provides users the capacity to handle transactions, invest in stocks, and explore digital currencies like Bitcoin. The app aims to streamline financial tasks and assist users in navigating the modern financial landscape.
Cash App, created by Block Inc (formerly Square Inc), is a peer-to-peer (P2P) mobile payment service offering stored value services resembling deposit accounts. This innovative platform empowers users to access financial services without incurring the standard fees that accompany traditional banks.
As a non-banking financial solution, Cash App enables individuals to transfer and receive money, pay bills, file taxes and invest in stocks, complemented by the convenience of debit cards. With a sizable user base of 51 million individuals, Cash App offers an alternative to buying and selling Bitcoin on crypto exchanges. Read More
The secret to successful branding in Web3: The science of choosing
One more thing: It is not an art or magic. There is a science to branding.
Human nature means it’s not easy to make decisions. Choosing one option often means forsaking others and can require careful analysis and thought, which takes energy. It’s why the term “decision fatigue” was coined, referring to our inability to continue making good decisions over a sustained period.
However, in crypto marketing, the inability to choose is treated as a universal feature, not a bug. For founders, there’s nothing like having the freedom to be everything to everybody all the time. Right? On your website, your investor decks, your whitepaper, your social channels and your blog, you boast: This brand is all about the tech.
But it’s also all about the community. Not to forget security, trust and privacy. And, of course, you are all about disruption, revolution and exponentialism. Read More
Why the choice of the blockchain matters for NFT collections
When choosing a blockchain, consider the trade-offs and align it with your needs. Avoid risking your funds, time and community trust.
One of the fundamentals of launching an NFT collection is choosing where you’ll mint it to reach the moon. If everyone is choosing the Ethereum and Solana blockchain to mint their collection, does it mean it’s good for your collection too? Sometimes, less saturated blockchains like Ripple, Tezos and Polygon can turn out to be a blue ocean for your collections.
I’ve sold a client’s collection on Ripple. There are many other examples of brands that made their grand foray into less saturated chains. For example, McLaren did two successful launches on Tezos, Volkswagen deployed their NFTs on Polygon in April 2022 and Doodles 2 launched on Flow in January 2023.
On the flip side, there are brands that launched on the most famous chain Ethereum and failed. For example, Lamborghini launched on Ethereum in December 2022 and then we never heard of them again. Porsche launched on Ethereum in January 2023 and managed to sell out only 31% of their collection and eventually closed the mint.
Today, the majority of collections are launched on Ethereum but I usually tell my clients to not do this. Because there are already 150K+ collections on the platform (too crowded) and gas fees are high, which means people are less likely to buy. Also, market sentiment is negative on this chain so if you want to market your project, the cost will be astronomically higher. 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.