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DeFi Project Spotlight: Stargate, Cross-Chain Liquidity Reimagined
Stargate is a fully composable cross-chain liquidity transport infrastructure built over the first trustless omni-chain interoperability protocol, LayerZero.
Stargate is the first fully composable cross-chain liquidity transfer protocol for native assets with unified liquidity and instant guaranteed finality.
Stargate is built over LayerZero, a novel trustless cross-chain messaging protocol that lets smart contracts and decentralized applications living on different blockchains communicate with one another.
Stargate is built as an open and composable piece of blockchain infrastructure that could be leveraged by other decentralized applications and projects aiming to go multi-chain.
Stargate is a fully composable cross-chain primitive that enables native asset transfers between blockchain networks with instantly guaranteed finality. It is built on top of LayerZero, a novel piece of omni-chain infrastructure that lets decentralized applications on different blockchains communicate safely and efficiently. Read More
Have you ever wondered what it would be like to make your own token for free?
Mining is often dominated by those with the most computing power, or the most crypto to stake. But this project says it's different.
One new platform is allowing crypto enthusiasts to find out.
MintMe enables anyone to create distinctive tokens "in just a few clicks" — and it says knowledge about development isn't required.
The project says these tokens can then be used for crowdfunding, or to raise money for charity.
According to MintMe, its blockchain is a fork of Ethereum — and boasts a custom algorithm that allows anyone to mine its flagship coin "in an egalitarian way."
Because the prospect of generating new digital assets is equal to all, irrespective of how big their balance is, the project's founders believe its approach could be especially beneficial to crypto enthusiasts in developing economies. Read More
The development of blockchain industry and how to defend against attacks on DeFi
The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers.
Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart contracts. If we view this capital as an initial investment, this market looks like a highly promising venture. Not too many global companies can boast of such a capitalization. But any young market has its teething problems. With DeFi, the main issue is a lack of qualified blockchain developers.
This industry is very young and has a relatively small user base. Most people have at best heard about DeFi without having any idea about what it is. But as it happens with every new promising venture, it quickly creates a lot of speculative interest. Unfortunately, preparing personnel takes much longer, especially when it comes to such knowledge-intense spheres as blockchain and smart contract development. This means that some project teams will have to compromise and hire less experienced personnel.
This problem inevitably creates a growing risk of security loopholes in the code of these projects. And then we have to deal with its consequences in lost user capital. For just a brief understanding of how big this problem is, I can say that about 10% of DeFi’s total liquidity locked has been stolen by hackers. It should not surprise anyone that the mainstream public would prefer to stay away from a financial system that poses such dangers to their funds. Read More
How to earn crypto passive income with forks and airdrops?
Hard forks and airdrops are forms of passive income strategies, which are essentially free giveaways of particular tokens to users.
When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from one’s holdings becomes all the more attractive for long-term investors.
Different methods such as staking, lending, cloud mining, and yield farming have become popular in the past few years and involve rewarding investors with money or tokens for the crypto tokens invested in the mechanism.
However, with hard forks or airdrops, users who are active in the crypto ecosystem can forage for tokens or projects that offer additional tokens in proportion to their vested holdings as a reward for a variety of reasons.
Since both are intended at increasing the popularity of the project or as part of a promotional campaign, hard forks and airdrops work differently and come into existence through completely unique mechanisms.
Let us look at what differentiates crypto airdrops from hard forks and how one can benefit from them when invested in the crypto market for the long term. Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues wth its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Fork of July: Cardano Vasil upgrade successfully launches on testnet
With the Cardano testnet hard fork complete, all that remains is to fork the mainnet, which will come in about four weeks or when developers have had enough time to prepare their tools for the upgrade.
The much-anticipated Vasil hard fork has been completed on the Cardano testnet, bringing it one major step closer to becoming a reality on the mainnet and promising broad performance upgrades.
Project developers, stake pool operators (SPO), and exchanges are now encouraged to deploy their work on the testnet to ensure integrations run smoothly when the mainnet gets the Vasil treatment in about four weeks.
Once completed on the mainnet, the Vasil hard fork will allow faster block creation and greater scalability for decentralized apps (DApps) running on Cardano. Input Output HK (IOHK), the organization that produced Cardano, said in a Sunday tweet that in addition to the performance upgrades, developers would benefit from “much-improved script performance and efficiency” and lower costs.
Vasil will also enable interoperability between Cardano sidechains, one of the main features developers intend to launch in the current Basho phase of the blockchain’s development. Basho is the fourth development phase for Cardano that focuses on scaling and will be followed up with the Voltaire phase, in which governance will be the main focus. Read More
Web3 Leads to Cybersquatting 2.0: Here's What Brands Can Do
Although the extensions are .eth or .nft instead of .com, the fight over territory and trademarks remains the same.
Ever wonder why so many Web2 company names are vowel-less derivatives of dictionary words? Consider: Flickr, Tumblr, or even Twitter (originally named Twttr).
In some cases, the tweak is easier to trademark. But in others, startups are stymied by the decades-long practice of cybersquatting, in which speculators register domain names containing simple words or famous trademarks (i.e. tiktokcharts.com, secure-wellsfargo.org, paypal.net) with dreams of cashing in by selling the domain to the actual trademark holder (TikTok, Wells Fargo, and PayPal).
After rampant cybersquatting caused headaches for some of the world’s largest brands, lawmakers enacted two pieces of legislation in 1999 designed to curb the practice: the Anti-Cybersquatting Consumer Protection Act (ACPA) in the United States, and ICANN’s Uniform Domain-Name Dispute-Resolution Policy (UDRP). ACPA aimed to prevent cybersquatters from registering Internet domain names containing trademarks for the purpose of selling those domain names back to the trademark owners, while the UDRP provided trademark holders with the right to enjoin or obtain a transfer of a domain name that uses its trademark or could cause confusion around it.
In Web3, the cybersquatting game remains the same, but it’s happening on ENS instead of DNS. Read More
Are expiring copyrights the next goldmine for NFTs?
Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed, and repurposed using nonfungible token technology.
Although nonfungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art.
In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike, Gucci, and many others are selling their digital branded products in the form of NFTs. A lot more real-world applications of NFTs are still to be explored and one of them is the digital publishing industry.
The game-changing implications of publishing and promoting books with NFTs have already been discussed extensively by many. For example, the Alliance of Independent Authors is helping indie authors to promote their latest books using NFTs. Other associated items for the fans club such as character cards are also made into NFTs. Tezos Farmation, a project built on Tezos network, even uses the complete text of George Orwell’s Animal Farm book and slices it up into 10,000 pieces to use as titles for the NFTs.
NFTs created from existing books are normally bound to copyrights. However, in the case of Tezos Farmation, the copyright had already expired. The text from the book can be used by any party for free. This triggers a very interesting question: How can NFTs preserve copyrights and royalties for books with expired copyrights? Read More
ARK Invest’s Cathie Wood Says Crypto Is Going To Work in the Long Run – Here’s Why
ARK Invest founder Cathie Wood remains optimistic that crypto will thrive amid fears of a systemic collapse of the industry.
In a new episode of In the Know podcast, Wood says that the digital asset market is in a better position now compared to a few weeks ago as crypto has been relatively quiet over the last few days.
“I will say that I am feeling a lot better about what’s going on in the crypto world right now. You’ll see our Bitcoin Monthly, I would say we’re neutral to positive. We’re waiting for a few more capitulation signals and, of course, time will tell on the systemic side here. We haven’t heard of another stress signal in the last few days, so that’s good as well.”
She also says that the current market downturn is assuring the long-term outlook of the crypto industry, highlighting that the transparency of the crypto market could have a significant impact in the traditional financial markets.
“What’s happened in the crypto market gives you a sense of why it’s going to work [in the] long run. It’s transparent and there’s a lot more trust in the crypto ecosystem because of the transparency and the overcollateralization than I think there is in the traditional financial markets, and when we wonder why are the CDSes (credit default swaps) are going up on these banks. We wonder about the reach for yield and how leveraged some of these situations are, and we don’t know where they’re hiding, and so maybe that’s all this is. 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.
