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Bitcoin Hash Rate Tumbles as Halving Approaches
Bitcoin miners in Texas are curtailing power to ensure the stability of the state’s power grid.
Bitcoin’s hash rate has dropped by 25% since the weekend—a worrying sign for the security of the biggest digital coin’s network ahead of its highly anticipated “halving” event.
Data from MiningPoolStats shows that the total real-time hash rate from all known mining pools dropped from 570 exahashes per second (EH/s) on Sunday to as low as 425 EH/s on Tuesday. It currently stands at 550 EH/s. Exahashes per second refers to the speed with which computers mining Bitcoin are guessing a number—one exahash is equal to one quintillion hashes.
In order for Bitcoin miners to process transactions, it has to make a number of guesses at a complex mathematical problem. A higher hash rate means that the miners are making more guesses—and are therefore working harder to secure the network. Read More
Ethereum Moves One Step Closer Toward Major Scalability Upgrade
Ethereum’s Dencun upgrade today went live on the Goerli testnet in a move that aims to solve the network's scalability issues.
Dencun was launched Wednesday on the Goerli test network—a way for developers to try out the upgrade before it becomes available to everyone on the mainnet.
Although the test seemed to get off to a bumpy start, with Ethereum core developer Parithosh Jayanthi announcing on X (formerly known as Twitter) that developers were “debugging a client issue,” all seemed to go according to plan, with the “chain finalizing.”
The testnet launch today means Ethereum is one step closer to completing its upgrade. When fully live, Dencun will mean Ethereum—the blockchain behind ETH, the second-biggest cryptocurrency by market cap—will have addressed its scalability issues. Read More
How layer-1 blockchains can solve the blockchain trilemma
Blockchain technology is facing a growing centralization trend, which could compromise its core principles. This layer-1 blockchain aims to set a new standard, backed by the decentralized ethos.
As the centralization trend in blockchain technology continues to grow, the community needs new platforms loyal to the principles of decentralization. Callisto Network’s layer-1 blockchain offers a solution through decentralized governance, community focus and on-chain democracy.
Now that blockchain technology has been around for a decade, a worrying trend is emerging — the growing centralization of networks. Major blockchain networks, such as BNB Chain and Ethereum, prioritize speed over security and decentralization. While this may improve performance, it risks compromising the core principles of blockchain technology.
As the industry slips toward centralization, issues like reduced security, stifled innovation and erosion of user autonomy arise. This concentration of power contradicts the inherent security principles of blockchain and hinders the fertile ground of ideas and developments that a decentralized ecosystem fosters. These consequences potentially hinder the technology's advancement and widespread adoption. Read More
Manta Network experiences DDoS attack amid exchange listing
Over 135 million RPC requests flooded Manta’s blockchain nodes on Thursday.
Zero-knowledge proof-powered layer-2 blockchain Manta Network experienced a widespread distributed denial-of-service (DDoS) attack amid a successful token listing on multiple exchanges. The incident has since been resolved.
As told by Kenny Li, co-founder of P0xeidon Labs, the cryptographic development team behind Manta Network, the blockchain’s nodes experienced over 135 million remote procedure call (RPC) requests on Jan. 18. “This is a very aggressive and timed attack,” said Li, while stating that “the blockchain is running safely” and “funds are safe.” However, Li warned that “communication between apps and the blockchain is severely limited” for the time being. The co-founder commented:
“Rest assured, we are not going anywhere. We have built for three years, and we see no end in sight. Thank you so much for your support as a community.” Read More
Staying ahead of the curve is crucial in the dynamic and ever-changing business world. In the modern business landscape, innovation and technology act as guiding forces, shaping how companies engage with their audiences and forge connections. In this era of constant evolution, a powerful synergy has emerged between two groundbreaking concepts: inbound marketing and blockchain technology. This convergence is rewriting the rules of engagement and presenting companies with unprecedented opportunities to carve out a competitive edge.
Gone are the days when traditional marketing methodologies ruled the roost. The one-size-fits-all approach of old-school marketing campaigns is gradually being replaced by a more interactive, personalized, and customer-centric approach. Inbound marketing is not just a strategy; it's a philosophy that revolves around attracting, engaging, and delighting customers by delivering valuable and relevant content. It's about creating a genuine connection with your audience, addressing their pain points, and offering solutions that resonate personally.
Amidst this transformative landscape, a standout player emerges: Markethive. This innovative ecosystem stands at the crossroads of the inbound marketing revolution and the blockchain evolution. Markethive's unique proposition lies in its ability to seamlessly fuse the principles of inbound marketing with the cutting-edge potential of blockchain. By doing so, it offers a comprehensive system that empowers businesses to connect with their target audience and build lasting relationships based on trust and transparency. Read More
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SEC Punts Fidelity Spot Ethereum ETF Decision to March
The SEC has stated it needs "sufficient time to consider the proposed rule change and the issues raised therein."
The U.S. Securities and Exchange Commission (SEC) has pushed back its deadline for a decision on Fidelity's proposed spot Ethereum ETF to March 5.
According to a Thursday filing, the SEC "finds it appropriate to designate a longer period within which to take action on the proposed rule change," in order to ensure that it has "sufficient time to consider the proposed rule change and the issues raised therein."
Bloomberg Intelligence ETF analyst James Seyffart said that the delay was "completely expected," adding that, "Dates that really matter are late May in my view." Read More
PIXEL Token Launch 'Very Close' as Pixels Game Sets Play-to-Airdrop End
Popular Ronin farming and social game Pixels is nearing its token launch as the current airdrop campaign winds down.
Pixels, a popular web-based farming and social game that uses Ethereum sidechain network Ronin, announced that it will end its Play-to-Airdrop 2.0 campaign on Friday, setting the stage for the long-awaited PIXEL token launch and distribution to players.
The Play-to-Airdrop 2.0 initiative, which lets players climb the in-game leaderboard for a chance to earn PIXEL tokens, will finish tomorrow, January 19 at 3 p.m. ET, the developers announced Wednesday. In a livestream, Pixels founder Luke Barwikowski said that the competition will not be extended, as the token launch is finally nearing.
“We're not going to extend the Play-to-Airdrop—this is it. This is the last chance to earn the PIXEL token before we do the token generation event,” he said. “We won’t do another season, I promise. The PIXEL token is very close. We're really excited about the next stages.” Read More
Vitalik Buterin Debates Over Blockchain Scaling Terminology
Amid the rapidly evolving Ethereum ecosystem, Vitalik Buterin has rejoined the debate on the classification of layer-two scaling solutions, putting the spotlight on the security and scalability trade-offs between rollups and validiums.
Vitalik Buterin Weighs in on Ethereum Layer-Two Inclusion:
Ethereum co-founder Vitalik Buterin has once again returned to a discussion within the blockchain community over the classification of layer-two scaling solutions. Much of the debate has centered around the distinction between various layer-two approaches, particularly focusing on the security aspects and architectural differences of various systems.
While the discussion has been ongoing for some time, see Buterin’s Oct. 2023 blogpost title “Different types of layer 2s,” Buterin’s recent involvement began when he responded to Daniel Wang, the founder of the Ethereum rollup solution Taiko, about how the source of data availability (DA) separates rollups from validiums. Read More
Solana Mobile Announces Saga Successor: Chapter 2
Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release date.
Solana Mobile Opens Preorders for Chapter 2
Solana Mobile, a cell phone-oriented subsidiary of Solana Labs, has recently announced plans to produce a new Solana-themed device. The company revealed Chapter 2, a successor to its Saga phone launched last year, that capitalized on the rise of the meme market. While there have been no specs listed yet, Chapter 2 is expected to be a lower-cost alternative to Saga, having been priced significantly lower than it.
The company seeks to take advantage of the phenomenon that started with Saga, which possessed a non-transferable token that became a distribution channel for many airdrops and new projects in the Solana ecosystem. The rise of Bonk, a Solana-based meme coin that allowed Saga owners to claim an airdrop, ignited the demand for the phone, making prices skyrocket to $5,000 in the secondary market. Before, the phone’s price was lowered from $1,000 to $599 due to lack of interest. 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.
