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Solana Labs Unveils Plans For 'Flow Control' Upgrade To Resolve Network Congestion
Solana Labs, the blockchain development firm behind the Solana blockchain, has disclosed the upgrades that it will prioritize in the near term, in a bid to respond to the network's current scaling challenges.
Growing concerns over the network's ability to handle growing transaction volumes pushed Solana's blockchain development team, which includes Anatoly Yakovenko, its CEO, to address the challenges and solve the network's performance issues head-on.
In a Twitter Spaces session led by Austin Federa, Solana Labs' Head of Communications, Yakovenko discussed how upgrades to the issues surrounding Solana are set to be rolled out in the coming weeks. According to Yakovenko, their developer team's timeline has set sights for an upgrade within the next 4-5 weeks. Additionally, Yakovenko claims that some upgrades have already made their way to Solana's mainnet.
Solana's native token, $SOL, has suffered a 35% loss during the recent crypto bear market, dropping its record-high peak of $259 in November at 14,000% all-time growth to just 4,800%. The network congestion issues have proven to be difficult, especially for $SOL holders who have recently had to re-collateralize their positions in the recent crypto market downturn. Read More
ADALend: Major Developments On The Horizon
ADALend’s mission is to democratize the lending industry by using the Cardano blockchain to eliminate the traditional banking middlemen. This will be accomplished through the development of a platform that connects borrowers, and lenders in a decentralized manner. With the help of blockchain technology and IOHK’s research and development, the platform will provide a simple, secure, and more transparent way of exchanging value. The decentralized lending platform will allow creditors to perform lending activities and create a safer and more efficient lending environment for all users.
Ensuring the Security and Safety of Lending in a Decentralized Environment:
While traditional banks continue to disregard the needs and concerns of the people, ADALend has come to provide access to loans for those in need who have been ignored. The inability to gain access to funds has long-term consequences. ADALend provides a platform to change the current state of financial affairs. While the cryptocurrency market is young, it is already very versatile. ADALend is a revolutionary platform that brings the best of both worlds together, with an innovative business model to take advantage of the best features of multiple industries, thus creating a new and sustainable source of income for businesses, investors, and borrowers. Read More
The Inspiring Projects Tapping Into The Unrealized Potential Of Non-Fungible Tokens
NFTs have transcended well beyond their generic moniker of “overpriced artwork.” Alongside the unprecedented growth of the DeFi ecosystem, the demand for NFTs has reached new heights in recent years.
The NFT market has expanded beyond artwork, increasing its presence across various industries, including gaming, sports, music, even real-world items. In fact, in 2021, several projects tapped into the world of real-world assets (RWA), merging the TradFi and DeFi ecosystems.
The expansion isn’t just limited to adding new primitives. With the idea of metaverse gaining significant traction in 2021, NFTs are quickly becoming the go-to means for accessing the uncharted territories of individual blockchain gaming universes. Add to that the use of NFTs for content sharing, subscription services, accessing funding opportunities, and the yet-to-be-explored potential of smart contracts, and you’ll understand that the NFT ecosystem is emerging as one of the most dominant blockchain sectors. Read More
MetaMask’s new inbuilt multichain institutional custody feature
MMI product lead Johann Bornman labeled the integration with Cactus Custody’s DeFi Connector as a “profound DeFi offering for institutions.”
The institutional arm of the Consensys-owned MetaMask has integrated its first multichain digital asset custody solution called Cactus Custody.
MetaMask Institutional (MMI) initially partnered with Cactus Custody, owned by crypto financial service platform Matrixport, in October last year to incorporate its “DeFi Connector” feature into MMI’s suite of services.
The full integration with MMI was announced on Wednesday, and Cactus Custody’s feature will now provide institutional customers with multichain connectivity to all Ethereum Virtual Machine (EVM) chains, sidechains, and layer 2s supported by MetaMask, such as Ethereum, Binance Smart Chain, Avalanche, Celo and Polygon.
MMI product lead Johann Bornman said that Cactus Custody’s multichain EVM support will enable institutions to “freely bridge digital assets across these networks.” Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
IRS special agent: Crypto’s the future, but there are ‘mountains of fraud’
IRS chief sees “mountains and mountains” of fraud in NFTs and cryptocurrencies as demand continues to rise going forward in 2022.
top special agent from the United States Internal Revenue Service has told a conference that nonfungible tokens (NFT) and crypto are the “future” but highlighted that fraud and manipulation are still rampant in the space.
Ryan Korner from the IRS Criminal Investigation’s Los Angeles field office made the comments during a virtual event held on Tuesday by the USC Gould School of Law. Bloomberg reports Korner said:
“We’re just seeing mountains and mountains of fraud in this area.”
He told the event the IRS Criminal Investigation division acknowledges the significant growth of the crypto sector but noted that the usage of digital assets has not been limited to payments and trading. He outlined various illicit behaviors such as fraud, money laundering, market manipulation, and tax evasion.
Korner highlighted market manipulation in particular, pointing to high-profile investors having the ability to sway asset prices with a single Tweet. Read More
Syndicate Turns Ethereum Wallets Into Investing DAOs for 'Just the Cost of Gas'
Instant DAO creator Syndicate has launched a tool to establish online investing clubs.
DAO creator Syndicate is rolling out the beta for its new Web3 Investment Clubs program for Ethereum wallets.
Among other things, the tool helps in the process of minting and distributing club governance tokens.
Decentralized autonomous organizations come in many flavors, but one thing remains the same: DAOs need to raise and manage funds, whether that's to buy an NBA franchise, the Blockbuster brand, or the Dune Bible.
Syndicate—a decentralized investing protocol and social network for creating DAOs that launched in August 2021 with funding from Coinbase Ventures, Ashton Kutcher's Sound Ventures, and Snoop Dogg Ventures, among others—thinks it has a fundraising method that's as easy as connecting a MetaMask wallet.
It announced yesterday the public beta of its Web3 Investment Clubs. Syndicate says any Ethereum wallet can be transformed into an investing DAO using the product for "just the cost of gas," Syndicate says, referring to the transaction fees for using the Ethereum protocol. Read More
This proof-of-concept NFT can swipe unsuspecting users’ IP addresses
Turns out that some NFTs might be building collections of their own. Their target? Your private data.
Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol.
Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for a Simpsons and South Park crossover image, entitling it “I just right-click + saved your IP address” to prove that when the NFT listing is viewed, it loads custom code that logs the viewer's IP address and shares it with the vendor. Read More
Blockchain’s Impact Over The Next Decade: Recapping ARK Invest’s “Big Ideas” Report
There are a variety of blockchain and crypto-related buckets that the Big Ideas report covers, so while we’re spare you the content and perspective around electric vehicles, AI, and 3D printing, we’ll of course take a dive into ARK’s sentiment on Ethereum, Web3, digital wallets, and more.
ARK sees blockchain technology advancing at a 43% compound annual growth rate (CAGR) over the next 8 years, expanding from a current market cap of roughly $1.4T to a 2030 market cap of roughly $49T. This is a more aggressive CAGR than any of the other major categories that ARK outlines with the exception of robotics.
Furthermore, the firm sees blockchain technology at large as a vessel to a world where “everything could become money-like: fungible, liquid, quantifiable” and that digital wallets hold massive disruption power, adding that wallets could allow consumers to “hold the power of a bank branch in their pockets and demand wholesale pricing for many financial transactions.” 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.
