x
.png)
Image Source: Pixabay
Ethereum Nears Major Upgrade as Testnet Set to Undergo Merge in June
In the run-up to upgrading the mainnet, the Ethereum Foundation has also doubled reward payouts for its bug bounty program.
Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8.
The configuration code for upgrading the testnet appeared in a pull request from Ethereum DevOps engineer Parathi Jayanathi in the eth-clients GitHub repository on Monday.
Last month, the developers working on The Merge, an upgrade to the Ethereum network to switch it from a proof-of-work to proof-of-stake consensus model, began testing how the switch would work on a shadow fork.
Two days later, things seemed less rosy as Ethereum Foundation developer Tim Beiko said on Twitter that the upgrade had been pushed to the latter half of 2022.
“It won't be June, but likely in the few months after,” he wrote in a tweet. “No firm date yet, but we're definitely in the final chapter of [proof of work] on Ethereum.” Read More
DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains
Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains.
Blockchain analytics firm Chainalysis has released a new tool to track transactions across decentralized finance (DeFi) protocols and multiple blockchains.
Chainalysis launched a beta version of its Storyline software on Wednesday. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track and visualize smart contract transactions with a focus on nonfungible tokens (NFTs) and DeFi platforms. This is in line with the growing popularity and prevalence of NFTs and DeFi in the cryptocurrency space over the past year.
Chainalysis provides blockchain analysis and annual reports on cryptocurrency crime trends and other analytics. The ever-changing landscape has seen DeFi and NFTs become important cogs in the ecosystem, with Chainalysis estimating the two sectors account for more than half of global cryptocurrency transactions. Read More
Ripple Signs New Partnership With International Money Transfer Firm To Use XRP for Cross Border Payments
San Francisco-based payments company Ripple is partnering with a Lithuanian financial technology (FinTech) firm to facilitate cross-border money transfers.
In a new press release, Ripple says it’s joining forces with the Vilnius-headquartered FINCI to offer services for both retail and business-to-business (B2B) customers.
RippleNet’s On-Demand Liquidity (ODL) protocol will leverage XRP to enable payments between Europe and Mexico without requiring FINCI to tie up capital by pre-funding accounts located abroad.
FINCI CEO Mihails Kuznecovs says of the new partnership,
“We’re excited to be working with Ripple to make it easier for FINCI customers to move money around the world.
We share the same fundamental goal of removing the hidden inefficiencies affecting international payments.
The savings and operational improvements we’ll achieve by using Ripple’s ODL will allow us to put money back into the business and enhance our offering to our customers.” Read More
Getty Images to Start NFT Marketplace with Candy Digital
Stock photo issuer Getty Images is diving into the world of non-fungible tokens (NFTs) through a marketplace-like platform that will float in partnership with Candy Digital, a digital collectible company.
Per the press release detailing the multi-year partnership, Candy Digital will serve as the exclusive NFT marketplace developer for the company which currently harbors more than 465 million images, including over 135 million analog images from Getty Images’ photographic archive.
Getty Images is one of the pioneers of cultural representations and creative ingenuity through photography and other audio-visual content.
Through the partnership, photography and NFT collectors will be able to seamlessly purchase, sell and trade official digital collectibles through the Getty Images marketplace on Candy.
“With the very best content at our core, innovation is woven into the fabric of Getty Images and this partnership speaks to our mission to connect people with our high quality, exclusive visual content,” said Craig Peters, CEO of Getty Images.
“We are proud to work with Candy Digital to expand our offering to the fast-growing global audience of NFT collectors, representing significant opportunities for the company and our global photographer community,” he added. 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
Who Is CertiK? And Why Crypto Security Matters
CertiK is the go-to crypto security platform for developers, utilizing pioneering AI and Formal Verification technology to ensure that smart contracts and Web3 applications are watertight and to observe and monitor the ever-growing world of blockchain networks.
It is a platform that is highly revered by the crypto community, used by big-name blockchains like Polygon (MATIC) and presale platforms like Firepin (FRPN) alike.
CertiK is backed by some of the biggest names in crypto, such as Binance and Coinbase, as well as educational institutions like Yale University.
The company also works tirelessly to make sure its objectives are being met by employing some of the world's best minds, from world-renowned universities to former employees of some of the world's largest tech companies.
What Does CertiK Do? Read More
Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem
Two of the releases are in their primary iteration, while the latter titled Iroha is a preview version of its second release.
Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0, and a preview version of Iroha 2.0's long-term support (LTS).
Operating under the umbrella of the Linux Foundation, Hyperledger supports an ecosystem of fourteen distributed ledgers. The deployment of the three technological tools is expected to assist consumers and businesses across areas of blockchain, Web3, and decentralized applications (DApps).
Executive director of the Hyperledger Foundation Daniela Barbosa stated that these accomplishments reflect the “high level of development momentum across the Hyperledger community as well as the increasing level of maturity of the enterprise blockchain market,” before stating:
“The core value of enterprise blockchain has been well proven across industries, and our global and growing community is now building a rich ecosystem that will drive the next wave of interconnected, interoperable solutions.” Read More
Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev
If developers can complete the merge to proof of stake in August, they won't have to worry about defusing the "difficulty bomb" that is about to go off.
The "difficulty bomb" will start slowing down the current Ethereum network.
Ethereum devs are hoping to transition to proof of stake quickly, which would negate the need for an update to delay the bomb.
Don't get your hopes up too much, but Ethereum's move to proof of stake could be in the cards for this summer.
Ethereum core developer Preston Van Loon told a panel at the Permissionless conference today that there's momentum behind finalizing the move in the next three months.
"As far as we know, if everything goes to plan, August—it just makes sense," said Van Loon. "If we don't have to move [the difficulty bomb], let's do it as soon as we can."
Ethereum Foundation Justin Drake, also on the panel, noted there's a "strong desire to make this happen before [the] difficulty bomb in August," according to a tweet from event co-host Bankless. Read More
People want to be paid crypto to exercise in the Metaverse: Survey
A new survey has revealed that blockchain technology may be a better fitness motivator than traditional monetary incentives.
A new survey has found that over 80% of people surveyed would be motivated to take up more physical exercise if they were paid in cryptocurrency for their efforts.
The survey, which was conducted by fitness website FitRated, asked 1,001 Americans for their thoughts on blockchain-related fitness technology.
The survey found that a staggering 40% of people surveyed would be willing to cancel their current physical gym membership for one in the Metaverse. 81% of respondents would be more motivated to stay fit if they were incentivized by cryptocurrency payments.
Previously, a study conducted by the National Bureau of Economic Research concluded that money alone would not be enough to motivate people to go to the gym. According to FitRated’s research, however, blockchain-based financial incentives might just do the trick, with 63% of respondents agreeing that fitness motivation was a “primary benefit” of blockchain technology. Several move-to-earn projects are trying to capitalize on this.
The concept of “gamification” was found to be the primary reason behind why people may prefer blockchain-based financial incentives to standard monetary ones, with 83% of respondents saying that they liked the fact that blockchain-based fitness applications gamified physical activity. 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.
