#unified mainnet

[dencyemily]

Dynamic Collaboration: Klaytn and Finschia Join Forces to Enhance the Blockchain Ecosystem

The blockchain landscape in Asia is set for a major transformation as Klaytn Foundation and Finschia Foundation propose an ambitious merger. This strategic move aims to unite Klaytn and Finschia blockchains into a single, unified mainnet, potentially creating Asia's largest Web3 ecosystem. With over 250 million digital wallets and a network hosting more than 420 decentralized applications (DApps), the merger seeks to redefine the blockchain space in the region.

The merged blockchain will support both Ethereum Virtual Machine (EVM) and CosmWasm, emphasizing the integration of technologies to enhance user experience and network capabilities. By connecting Web3 assets from LINE and Kakao's messaging platforms, the collaboration aims to extend its influence across Asia, capitalizing on the strengths of these leading technologies.

At the heart of this merger lies the transition to a new native coin. The foundations plan to move from KLAY and FNSA tokens to a fresh native coin, implementing innovative tokenomics. This approach includes a lower base inflation rate and a 3-layer burning model, fostering a stable economic environment within the blockchain. The burning model, especially the burning of a substantial portion of non-circulating KLAY, aligns with the concept of Zero Reserve Tokenomics, aiming to discourage inflation and enhance deflation with increased network activity.

Beyond the technical aspects, the merger envisions establishing a large decentralized Web3 governance structure in Asia. This governance model seeks to fortify network security and decentralization through permissionless validation. The foundations are eyeing expansion into new sectors like real-world asset (RWA) tokenization, GameFi, and DeFi, signaling an integration of traditional digital platforms with blockchain technology.

The Klaytn Community Town Hall, scheduled for January 19, 2024, will play a pivotal role in unveiling further details of this transformative proposal. Subsequently, the discussion and voting period from January 26 to February 2, 2024, will allow stakeholders to actively participate in shaping the future of this consolidated Web3 ecosystem.

[cryptogirl2024]

Uniswap and UNI Token Holders Set to Benefit From Unichain

Uniswap Labs' Unichain launch shifts fees from Ethereum to benefit UNI token holders.

Unichain enables Uniswap Labs to capture Maximum Extractable Value, boosting earnings.

Liquidity providers on Unichain will gain from staking and transaction settlement roles.

Uniswap Labs has launched Unichain, a new layer 2 blockchain, poised to transform the decentralized finance (DeFi) landscape. By moving transactions off the Ethereum mainnet, Unichain allows Uniswap Labs and its token holders to reap significant financial rewards. With an estimated annual fee savings of around $500 million, this change could reshape the financial ecosystem for users and creators alike.

Financial Benefits for Uniswap

The introduction of Unichain shifts a staggering $368 million in fees from Ethereum validators directly to Uniswap Labs. This transition enhances the financial position of Uniswap and its stakeholders. They now retain more value from transactions conducted on their platform. Michael Nadeau, founder of DeFi Report, highlighted that the layer 2 solution captures all Maximum Extractable Value (MEV) for Uniswap. 

This is a benefit not previously enjoyed on the Ethereum network. By owning all validators on Unichain, Uniswap Labs eliminates competition for MEV. Historically, this value has benefited Ethereum validators.

MEV (Maximal Extractable Value) has become a major topic in decentralized finance (DeFi). It refers to the potential profits that can be earned by optimizing the order and execution of transactions within a blockchain network. It is estimated that MEV could account for about 10% of total fees paid on Uniswap. This could amount to an additional $100 million annually. Uniswap Labs might consider sharing a portion of this with its token holders. This decision would further enhance the appeal of their ecosystem.

Related: https://cryptotale.org/uniswap-labs-urges-sec-to-reconsider-defi-rulemaking-post-supreme-court-ruling/ 

Enhancements for Liquidity Providers

Liquidity providers on Uniswap stand to gain significantly from the launch of Unichain. By engaging in staking, participants can contribute to transaction settlement while also capturing MEV (Maximal Extractable Value), maximizing their potential rewards. Active involvement increases their potential earnings. It also solidifies their role in the Uniswap ecosystem. By providing liquidity in this new environment, participants could enjoy a more streamlined experience. They may see improved returns compared to the existing Ethereum framework.

As Unichain prepares for public testing, developers emphasize its ability to enhance cross-chain communication. Users will soon have the capability to swap tokens across different blockchains seamlessly. This feature addresses the fragmentation in liquidity that has long plagued the DeFi sector. It ensures a more cohesive user experience.

Future of Unichain: Speed and Security

Unichain is built on Optimism’s Superchain which forms the company’s key infrastructure. It targets at enhancing the flow of transactions and decreasing the cost. The blockchain has block times which take only between 200 to 250 milliseconds. This is much faster to several other approaches widely in use at the moment. This speeds up the processing and benefits the users. It also helps make the trading environment less cumbersome.

In addition, Unichain has a strong validation network on this site. This design provides a strong security and reliability of the system. As testing of the platform progresses, it is imperative that security continues to be of topmost priority. Once live, Unichain aims to create a unified DeFi experience. It fosters greater interaction among various blockchain protocols. This development could potentially redefine the future of decentralized finance.

[skalecrypto]

Enhancing the SKALE Network Experience with Metaport 2.0

The blockchain ecosystem is continually evolving, bringing forth new technologies and solutions to enhance user experience and scalability. One such advancement is Metaport 2.0, an integral upgrade to the SKALE Network that promises to revolutionize how users interact with decentralized applications (dApps) and the blockchain itself. This article delves into the key features and benefits of Metaport 2.0, highlighting how it significantly enhances the SKALE Network experience.

Introduction to SKALE Network

The SKALE Network is a decentralized blockchain platform designed to scale Ethereum-based dApps by providing high throughput, low latency, and cost-effective transactions. Its architecture enables developers to deploy their dApps on SKALE's elastic sidechains, which are interoperable with the Ethereum mainnet. This setup not only boosts performance but also maintains the security and decentralization principles inherent to blockchain technology.

What is Metaport 2.0?

Metaport 2.0 is an advanced portal and user interface (UI) for the SKALE Network, facilitating seamless interaction between users and the decentralized applications hosted on SKALE chains. It serves as a bridge, ensuring that users can effortlessly navigate, manage assets, and perform transactions across the SKALE ecosystem. Metaport 2.0 is designed with user experience (UX) in mind, providing intuitive features and tools that cater to both novice and experienced blockchain users.

Key Features of Metaport 2.0

1. User-Friendly Interface

Metaport 2.0 offers a sleek, modern interface that simplifies complex blockchain interactions. Users can easily navigate through different functionalities, such as transferring tokens, staking, or interacting with dApps, without needing extensive technical knowledge. The UI is designed to be intuitive, reducing the learning curve and making blockchain technology more accessible.

2. Seamless Asset Management

Managing digital assets across multiple blockchains can be cumbersome. Metaport 2.0 addresses this challenge by providing a unified interface for asset management. Users can view and manage their SKALE and Ethereum assets from a single dashboard. This includes checking balances, transferring tokens, and monitoring transaction history, all within a cohesive environment.

3. Enhanced Security Features

Security is paramount in the blockchain world. Metaport 2.0 incorporates advanced security protocols to protect user assets and data. This includes multi-factor authentication (MFA), encryption of sensitive information, and real-time monitoring for suspicious activities. These measures ensure that users can interact with the SKALE Network with confidence.

4. Integrated Staking and Delegation

Staking is a core component of many blockchain networks, including SKALE. Metaport 2.0 streamlines the staking process, allowing users to stake their tokens and delegate them to validators directly from the portal. This integration simplifies participation in the network's consensus mechanism, encouraging more users to contribute to the network's security and stability.

5. Cross-Chain Interoperability

One of the standout features of Metaport 2.0 is its ability to facilitate cross-chain transactions. Users can seamlessly transfer assets between the SKALE Network and the Ethereum mainnet. This interoperability enhances liquidity and provides users with more flexibility in managing their digital assets across different blockchain environments.

Benefits of Metaport 2.0 for SKALE Network Users

1. Improved User Experience

Metaport 2.0 significantly enhances the user experience on the SKALE Network by making blockchain interactions straightforward and intuitive. The user-friendly interface, combined with seamless asset management and staking capabilities, reduces the complexity typically associated with blockchain technology. This makes the SKALE Network more accessible to a broader audience, including those who may be new to the world of cryptocurrencies and decentralized applications.

2. Increased Network Participation

By simplifying the staking and delegation processes, Metaport 2.0 encourages more users to participate in the SKALE Network's consensus mechanism. Increased participation not only strengthens the network's security but also contributes to its overall health and growth. As more users stake and delegate their tokens, the network becomes more robust and resilient against potential attacks.

3. Enhanced Security and Trust

Security is a critical concern for any blockchain network. Metaport 2.0's advanced security features, including multi-factor authentication and real-time monitoring, provide users with peace of mind. Knowing that their assets and data are protected encourages more users to engage with the SKALE Network, fostering a higher level of trust within the ecosystem.

4. Greater Flexibility with Cross-Chain Transactions

The ability to transfer assets seamlessly between the SKALE Network and the Ethereum mainnet offers users greater flexibility. This cross-chain interoperability not only enhances liquidity but also opens up new opportunities for users to interact with a wider range of dApps and blockchain services. As a result, users can leverage the strengths of both networks to optimize their blockchain experience.

The Future of Metaport and SKALE Network

The introduction of Metaport 2.0 marks a significant milestone for the SKALE Network, but it is only the beginning. The SKALE team is committed to continuous innovation, and future updates to Metaport are expected to bring even more features and improvements. These may include enhanced DeFi integrations, support for additional blockchains, and more sophisticated tools for developers and users alike.

As the blockchain landscape evolves, Metaport 2.0 positions the SKALE Network as a leading platform for scalable and user-friendly decentralized applications. By prioritizing user experience, security, and interoperability, Metaport 2.0 ensures that the SKALE Network remains at the forefront of blockchain technology, ready to meet the demands of an ever-growing user base.

Conclusion

Metaport 2.0 is a game-changer for the SKALE Network, providing a robust and user-friendly portal that enhances the overall blockchain experience. With its intuitive interface, seamless asset management, advanced security features, and cross-chain interoperability, Metaport 2.0 addresses many of the challenges that users face in the decentralized ecosystem. As more users and developers embrace the SKALE Network, Metaport 2.0 will play a crucial role in driving adoption and fostering innovation in the blockchain space.

In summary, Metaport 2.0 not only enhances the usability and functionality of the SKALE Network but also sets a new standard for blockchain portals. By making blockchain technology more accessible and secure, Metaport 2.0 paves the way for a more decentralized and user-centric future.

[ailtrahq]

Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins. In September, LINK's price surged by an impressive 35.5%, but in the month-to-date performance for October, LINK has faced a 10% correction. Investors are concerned that breaking the $7.20 support level may lead to further downward pressure, potentially erasing all the gains from the previous month.Chainlink (LINK) 12-hour price index, USD. Source: TradingViewIt's worth noting that the closing price of $8.21 on Sept. 30 marked the highest point in over 10 weeks, but when looking at the bigger picture, Chainlink's price still remains 86% below its all-time high in May 2021. Moreover, over the past 12 months, LINK has shown little growth, while Ether (ETH) gained 21.5% in the same period.LINK marines placed all their hope on the SWIFT experimentThe LINK bull run began after SWIFT, the leader in messaging for international financial transactions, released a report on Sept. 31 titled "Connecting Blockchains: Overcoming Fragmentation in Tokenized Assets," suggesting that linking existing systems to blockchains is more feasible than unifying different central bank digital currencies (CBDC).Following a series of tests, SWIFT reported its capability to provide a single access point to multiple networks using existing infrastructure. This system relied on Chainlink's Cross-Chain Interoperability Protocol (CCIP) and was said to significantly reduce operational costs and challenges for institutions supporting tokenized assets.Part of the surge in Chainlink's value can also be attributed to the successful testing of their Australian dollar stablecoin by the Australia and New Zealand Banking Group (ANZ) using Chainlink's CCIP solution. In a statement dated Sept. 14, ANZ described the transaction as a "milestone" moment for the bank. Nigel Dobson, ANZ's banking executive, noted that ANZ sees "real value" in tokenizing real-world assets, a move that could potentially revolutionize the banking industry.On Sept. 21, Chainlink announced the mainnet launch of the CCIP protocol on the Ethereum layer-2 protocol Arbitrum One, aimed at driving cross-chain decentralized application development. This integration provides access to Arbitrum's high-throughput, low-cost scaling solution. StarkWare, another notable Ethereum scaling technology firm, had previously utilized Chainlink's oracle services.Changes to Chainlink’s multisig and dwindling protocol fees reduced investor interestHowever, the positive news flow was disrupted on Sept. 24 when user @StefanPatatu called out Chainlink on X social network (formerly known as Twitter) for quietly reducing the number of approvals required on its multi-signature wallet. The previous arrangement, which required four out of nine signatures to authorize a transaction, was viewed as a security measure.Chainlink responded by downplaying the concerns and stated that the update was part of a regular signer rotation process. This explanation did not invalidate crypto analyst Chris Blec's criticism that "the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye" if Chainlink's signers were to ever "go rogue.Nevertheless, Chainlink's most significant metric, the protocol revenue generated by its price feeds, has been in decline for the past four months when measured in LINK terms.Chainlink price feeds revenue on Ethereum. Source: Dune Analytics & @ericwallachIn September, Chainlink price feeds generated 142,216 LINK in fees (equivalent to $920,455), a 57% drop compared to May. Part of this movement can be attributed to the decline in Ethereum's total value locked (TVL), which has decreased from $28 billion in May to its current $20 billion, representing a 29% decrease. Nevertheless, this doesn't account for the entire difference, and could cause investors to question Chainlink's revenue model sustainability.

It's important to note that Chainlink offers a range of services beyond price feed generation and operates on multiple chains, including CCIP, although Ethereum's oracle pricing services remain the core of the protocol's business.By comparison, Uniswap (UNI), the leading decentralized exchange, holds a market capitalization of $2.38 billion, which is 42% lower than Chainlink's. Uniswap also boasts $3 billion in total value locked (TVL) and generated $22.8 million in fees in September alone, according to DefiLlama.As a result, investors have reason to question whether LINK can maintain its $7.20 support level and sustain its $4.1 billion market capitalization.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

[mansikrypto]

UniLend Finance’s permissionless Lending & Borrowing Dapp is now listed on Magic Square 🪄

🪄Magic Square is a unified, integrated, interoperable space for users to discover and experience community-vetted web3 apps, NFTs, DeFi, and games.

⚡️Seamlessly access our advanced features & utilize for a wide range of ERC20 tokens!

✨Stay tuned for UniLend V2 listing on Magic Square after mainnet launch!

Discover more➡️https://magic.store/app/unilend-finance

🗣 #UnilendV2 #gem #altcoin #UFT #buy #blockchain #crypto #hodl #UniLend $UFT 🚀🚀

[cryptotechnews24]

Revolutionizing Cross-Chain Liquidity and Collateral Management with Concordia Protocol

Concordia, a groundbreaking protocol for managing risks and collateral across multiple chains, has successfully raised $4 million in a seed funding round. The funding was co-led by Tribe Capital and Kraken Ventures, with participation from prominent investors including Cypher Capital and Saison Capital. Testifying to the protocol's potential, Concordia recently launched its public testnet on Aptos, marking a significant milestone. The eagerly anticipated mainnet launch is expected to take place within the next few months, accompanied by Concordia's expansion onto additional chains.

Streamlining Cross-Chain Liquidity and Collateral Management

Decentralized finance (DeFi) has experienced remarkable growth since the "DeFi Summer" of 2020. However, this rapid expansion has led to fragmentation within the ecosystem, presenting challenges for users seeking to transfer assets or access liquidity across different blockchains. While cross-chain bridges offer a potential solution, they also introduce security risks. Concordia aims to address these challenges by simplifying the process, mitigating risks, and introducing compliance measures. By doing so, it seeks to attract both decentralized and traditional finance (TradFi) participants, creating a more inclusive and secure space for all.

Enabling Seamless Access and Management

One of Concordia's primary goals is to provide users with easy access to cross-chain liquidity and collateral management. The protocol offers a user-friendly interface, allowing individuals to manage collateral used for margin trading effortlessly. Margin trading involves leveraging borrowed funds to buy or sell assets with the aim of generating profits. Concordia's unique approach eliminates the need for wrapped tokens or bridges when transferring assets across multiple blockchains. Users can conveniently manage their collateral and transfer assets from a single account. This streamlined process enhances convenience, efficiency, and security.

Flexible API Architecture for Customization

Concordia's underlying application programming interface (API) architecture is modular, enabling tailored solutions for various market participants. Institutional investors, for instance, have the flexibility to select and implement specific features according to their requirements. This adaptability ensures that Concordia caters to diverse user needs, providing a seamless experience for all stakeholders. Additionally, developers interested in building applications on Concordia can access the protocol's shared pools of liquidity. This access opens up numerous possibilities for innovative DeFi applications, empowering developers to create value-added solutions within the ecosystem. Thomas Ruble, Concordia's Chief Technology Officer, emphasized the protocol's ambition to bridge the gap between DeFi and TradFi. Ruble stated, "Our vision is to facilitate the movement of real assets at the speed of frictionless blockchains. Just as both Main Street and Wall Street leverage the same World Wide Web, they share a common interest in a unified global financial fabric."

Conclusion

Concordia's successful seed funding round demonstrates the growing recognition of the protocol's potential in revolutionizing cross-chain risk and collateral management. By streamlining liquidity access, enhancing security, and fostering compliance, Concordia aims to attract both decentralized and traditional finance players to the ever-evolving DeFi landscape. As the mainnet launch approaches, Concordia is poised to make significant strides in bridging the gap between DeFi and TradFi, driving innovation and enabling seamless financial interactions across diverse blockchain ecosystems. For more articles visit: Cryptotechnews24 Source: coindesk.com

Latest Posts

Read the full article

[brilliantweb3]

Optimism Prepares for Its Largest Upgrade Ever

Optimism’s Bedrock release is just around the corner, and this latest upgrade will set the foundation for Ethereum to eventually become a Superchain.

To put it simply, a Superchain is a set of chains that all share a software stack and have the same security properties that enable them to communicate and work together.

The implementation of Bedrock will significantly cut transaction fees and reduce deposit times to less than one minute. A two-step withdrawal process will also be introduced to ensure maximum security, Karl Floersch, the CEO and co-founder of Optimism (OP) told Blockworks.

The Optimism mainnet upgrade to Bedrock is scheduled to occur on June 6 at 12 pm ET and will shut down the network for roughly two to four hours — meaning any transactions, withdrawals and deposits will be paused during this time.

“This is a major milestone for the OP stack and getting us closer to the Superchain vision,” Floersch said.

What is the Superchain?

The Superchain vision conceptualizes a network of chains built on top of the OP stack. It will combine individual elements of bridging, governance, upgrades and cross-chain communication all into one single unified network. 

“It is built in a way that is extremely amenable to Ethereum standards,” Floersch said. “The reason why it’s important for it to become a standard for L2s is because it enables us to have a multi-client ecosystem.”

Following Bedrock, anyone who is interested in building on Ethereum can run node software using either OP’s node or their own individual nodes without OP’s involvement. 

“That is the essence of open source development,” he said. “Technological decentralization is not enough, we need social decentralization, we need multiple client implementations.”

Enabling modular-proof systems

Chains that build on top of the OP stack will share sequencing and standard-proof systems, enabling them to build a single scalable blockchain community on top of Ethereum, Floersch explains.

To guarantee that messages are securely sent between the different chains, multi-proof and modular-proof systems will come into play. 

“Multi-proof is how we make sure that one proof is secure, so we have multiple fault-proof implementations that add redundancy to make sure that a message is never forged, but we also have modular proof, meaning that we don’t build these chains for a proof system, we use a proof system to prove the messages between the chains,” Floersch said.

This means that following Bedrock, both fault proofs and validity proofs will be available on the OP stack, enabling low latency passing between the chains.

To enable OP transactions to communicate with each other, a shared sequencing layer will also be present. 

“If I have a transaction and I want to flash loan it, send it to one chain, transfer the token to a different chain and transfer it back all in one chunk, that’s what the shared sequencing provides,” Floersch said. 

Vision for the future

Unlike the multichain vision, where applications are focused on deploying on their own chains, OP is hoping that it can build the standardized frameworks through Bedrock that enable developers to deploy things onto one Superchain.

“It’s not about modularity for heterogeneous fracturing of the community,” Floersch said. “It’s modularity so that the community can innovate and then upstream the innovations to the same OP stack.”

Ultimately, Floersch notes that OP hopes to create standards for the Ethereum community to build on and grow from.

“That is our primary focus,” he said. “We’re building entirely open source, it’s MIT licensed…we’re getting as many people building on it as possible and using it in different ways.”

Get our news the fastest way possible. Join us on W3W Web3 CRM and follow us on https://w3w.ai/

[gadgetsforusesblog]

BitDAO passes Cointelegraph's BIP-21 token optimization and brand proposal

©Reuters. The BIT token will soon undergo a brand transformation to become Mantle, after a measure was approved by a large majority on May 19 to optimize the token ahead of the launch of a new layer-2 mainnet. As Cointelegraph reported on May 12, the BIP-21 proposal tried to unify the BitDAO ecosystem according to the principle “One brand, one token”. Now passed, with a reported vote count of…

[etiennekissborlase]

Circle USDC Hits New Milestone With CCTP Launch On Ethereum And Avalanche

Circle USDC Hits New Milestone With CCTP Launch On Ethereum And Avalanche https://bitcoinist.com/circle-usdc-hits-new-milestone-cctp-launch-ethereum/ USDC stablecoin is on the bright side of the news spectrum today, April 26, as the founding company Circle hits a significant milestone with the launch of its cross-chain transfer protocol (CCTP) on Ethereum and Avalanche. The announcement, which was made on Circle’s official social media, will mark a new dawn of interoperability across blockchain ecosystems. That said, what is the Circle cross-chain transfer protocol? Are there grounds for the hype behind this announcement? Everything To Know About Circle USDC Cross-Chain Transfer Protocol Circle’s official website defines the cross-chain transfer protocol as a permissionless on-chain utility and service that facilitates stablecoin transfers between blockchains via two mechanisms, burning and minting of this digital asset.  Circle’s cross-chain transfer utility protocol is packed with robust solutions that address liquidity fragmentation issues and poor user experiences linked to unofficial USDC bridged versions on different blockchain ecosystems. Before the launch of the CCTP on the mainnet, Avalanche users looking to move out their stored USDC on Ethereum had to utilize an unofficial or third-party bridge to transfer the stablecoin between networks. With the launch of the cross-chain transfer protocol, Ethereum and Avalanche users can now fully leverage Circle’s stablecoin and become less reliant on unofficial and potentially insecure third-party bridges and services. Circle’s new development and innovation will unify its stablecoin liquidity in Web3 and support simple and secure user payment transactions. It will also connect and unite blockchain networks, pushing blockchains’ interoperability further. Leveraging Circle’s Cross-Chain Transfer Protocol- How It Works On April 13, 2023, the Circle team released a demo video on the official youtube platform page, demonstrating to users and the public how the transfer protocol works.  The Youtube demonstration video shows that the cross-chain transfer protocol first burns, then issues tokens, unlike third-party bridges, which often lock funds on a blockchain and release them on another. This method has been effective but insecure in the past few years.  In leveraging Circle’s cross-chain transfer protocol, users must initiate a USDC transfer through an integrated platform or wallet, such as Metamask. Next, the user specifies the wallet address on the destination chain, after which the portal/bridge burns the stablecoin on the source chain. Circle then certifies the burn event on the source chain and provides burn certification and authorization to the decentralized application to mint the amount of USDC on the destination chain. After this, the destination chain sends the stablecoin to the recipient. The VP of Product for Circle, Joao Reginatto, made a blog post stating that Circle’s cross-chain protocol is the “most ambitious piece of neutral market infrastructure.” Joao further said that ecosystem and infrastructure developers had shown support by integrating the CCTP into their platform operations. Some notable platforms integrating the CCTP include Metamask, Celer Network, LayerZero, Multichain, and Wanchain.  Chart from Tradingview via Bitcoinist.com https://bitcoinist.com April 27, 2023 at 02:00AM

[cyphershield2022]

TRON (TRX) Network Now Supports Crypto APIs Blockchain Development Suite

Today, the blockchain development platform Crypto APIs announced support for TRON in its portfolio of blockchain infrastructure solutions called cryptography APIs. Users can now interact with the TRON mainnet and Nile networks and make requests using the unified Crypto API endpoints with an average response time of 25ms.

Launching its mainnet in May 2018, TRON is a decentralized blockchain platform that features high performance, security, and low costs. Thousands of programmers are available on the TRON network, ready to create, launch, and operate dApps on its blockchain.

Numerous decentralized applications, including as DeFi apps, exchanges, collectibles, and games are supported by the TRON ecosystem.

We have included TRON into a number of our products in order to meet the rising need to run and develop it. TRON now allows crypto API users to communicate with it and send queries to 20 REST API endpoints using our streamlined and optimized platform.

– The Crypto API Team

Features of TRON integration in cryptographic APIs

TRON for Wallet as a Service

Generate Deposit Address – through this endpoint, clients can generate new TRON addresses for their wallets

Deposit address list – this endpoint will pull a list of deposit/receive addresses already generated for the blockchain

List of supported tokens – Through this API, users may obtain data on a number of tokens simultaneously.

Get Wallet Asset Details – This endpoint provides details about all assets (coins, fungible tokens, non-fungible tokens) for the entire wallet.

Wallet Transaction List – Running this endpoint will list the transactions to and from your wallet and include additional data such as the transaction ID, the direction of the transaction – incoming or outgoing, amount, and more.

Get wallet transaction details by transaction ID – Through this API, users can get wallet transaction information by providing a transaction ID. Clients can receive information only for a transaction that has been made from their own wallets.

Two new API endpoints have been created by Crypto APIs particularly for the TRON blockchain:

Create a single transaction request from an address without fee priority – Clients can create new single transaction requests using this endpoint without specifying a fee priority that determines how quickly a transaction can be mined.

Create fungible token transaction requests from non-fee priority addresses – Through this endpoint, clients can perform a single token transaction on TRON without setting fee priority.

Blockchain Events (Webhooks) for TRONpresenter

New Confirmed Coin Transactions – Using this API endpoint, clients can create callback subscriptions for new incoming or outgoing confirmed transactions for coins to/from the specified address. A confirmed transaction means that miners verify it and add it to the next block.

New Confirmed Coin Transactions and Every Confirm – This endpoint creates a subscription for new incoming or outgoing confirmed transactions for coins to/from the address and also a response for every confirmation the transaction has received until the specified confirmation limit is reached. .

Mined transaction – by setting up a callback subscription via this API, clients will be notified when a specific TRON transaction is mined. Information is returned per specified transaction. When a transaction is a part of a brand-new blockchain block, it is mined.

New Block – A client can subscribe to get notifications for new blocks created on the TRON blockchain by creating this subscription.

Block Height Reached – With this API, clients can create callback subscriptions for a specific block height and be notified when it is reached.

New Confirmed Token Transactions – With this endpoint, a client will be notified when there are new confirmed incoming or outgoing transactions for tokens to/from the specified address.

New Confirmed Token Transactions and Every Confirmation  – With this API you can create a subscription for new confirmed incoming or outgoing transactions for tokens from/to the specified address and also a response for every confirmation until the specified limit is reached.

New Internal Transactions Confirmed – Through this endpoint, customers can create callback subscriptions and receive notifications when there are new internal transactions confirmed.

New Confirmed Internal Transactions and Every Confirmation – With this API customer can create subscriptions for new confirmed internal transactions. Also include a response in each commit.

Blockchain Tool API for TRON

Validate Address - This endpoint verifies the accuracy of the user's public addresses.

Derive HD wallet (xPub, yPub, zPub) change or receive addresses – through this endpoint, clients can derive up to 10 addresses, both for change and receive, by supplying an extended public key from a certain HD wallet (xPub, yPub, or\ zPub).

[cryptoheard]

Permit2 & Universal Router contracts on mainnet, Optimism & Arbitrum : ethereum

Permit2 & Universal Router contracts on mainnet, Optimism & Arbitrum : ethereum

tldr; Uniswap Labs has released two new smart contracts, Permit2 and Universal Router, that allow token approvals to be shared and managed across different applications creating a more unified, cost-efficient, and safer UX. Universal Router unifies ERC20 and NFT swapping into a single swap router. As more projects integrate with these contracts, we can standardize token approvals across all…

[technsavi]

TRON (TRX) network now supported on Crypto APIs blockchain dev suite » CryptoNinjas

TRON (TRX) network now supported on Crypto APIs blockchain dev suite » CryptoNinjas

Crypto APIs, a blockchain development platform, today announced support for TRON in the Crypto APIs blockchain infrastructure product suite. Users can now interact with the TRON mainnet and Nile networks and make requests using Crypto APIs unified endpoints with an average response time of 25ms. Now Supported: TRON Launching its mainnet in May 2018, TRON is a decentralized blockchain platform,…

[niftyrevolution]

Top 10 NFT Platforms in Asia

The Asian NFT marketplace is booming, and there is a lot of money and millions of people watching to enter the expanding NFT market. This article reviews the best NFT platforms in Asia. 

1. BitKeep                                                                                                            THE WHAT?

In a single location, BitKeep unifies Wallet, Swap, NFT Market, DApp, and Discover as the best decentralized multi-chain digital wallet in Asia

With a user base of approximately five million users spread across 168 countries and territories, BitKeep established a strategic alliance with several of the top 30 main nets, becoming their approved wallet (including Polygon, Solana, BSC, ETH, HECO, OKChain, TRON, Fantom, WAX, IOST, AVAX, and zkSync)

With support for more than 220,000 tokens, 1,000,000 NFTs, 10,000 DApps, and 70+ main nets, BitKeep is committed to building the biggest Web3.0 gateway on the planet

2. Blockparty THE WHAT?

Digital products made by your favourite companies and artists

Create a storefront of your own or gather NFTs

Our Web 3.0 toolkit enables companies and creators to produce verifiably distinctive, interconnected products that benefit and delight their fans both online and offline

Create and manage your Non-Fungible Digitally Traceable Unique Items and Multiple Editions (NFTs)

Directly sell or auction your items, or raise awareness of your limited-edition Drop. Receive payment in both USD and ETH

Flexible Minting on Blockparty, Ethereum, and/or Flow can reduce minting costs and environmental impact

3. NiftyKit THE WHAT?

We provide brands and artists with a straightforward software solution for building smart contracts and NFTs on the Ethereum blockchain

Sell NFTs using your NiftyKit Storefront, Opensea, Rarible, or your personal website

Smart contracts can be made by anyone

No coding or blockchain expertise is required

Without programmers or coding expertise, you may personalize and own your ERC-721 Polygon or Ethereum Mainnet smart contract

4. NFT STARS THE WHAT?

A special collection of goods and services related to artists, fans of digital art, investors, startup founders, musicians, and NFT players has been gathered by the Australian NFT marketplace NFT STARS

Every creator included on the platform is either selected by the executive board or voted for by the community, according to the marketplace’s strict selection policy

As a result, each artist using the platform receives genuine unique treatment as well as the team’s and the community’s undivided attention

5. Art101 THE WHAT?

AtomicHubA website called Art101.io uses generative NFT collections to examine significant artists and movements in 20th-century art

By looking into artists like Andy Warhol, Piet Montdrian , and Bauhaus, we hope to make the NFT- scene take notice

The NFT collection from Art101.io sticks out among the expensive and haphazard NFT drops

This encourages an NFT collector who is pickier

6. NFT-X THE WHAT?

The platform NFT-X is where digital art is commercialized

Traditional forms of digital art like songs, images, and movies are included, as well as more contemporary forms like tweets, reels, and images of paintings and 3D animations

7. Patrn THE WHAT?

A platform for crowdsourcing NFTs is called Patrn

Mint NFTs in several editions with your friends, artists, and collectors

Get NFTs, just like content. It’s that easy. With ETH donations, find trendsetters or artists to follow, like, and share creative content

When the target is reached, a multi-edition NFT is produced and airdropped to every donor

Your NFT is accessible to view and trade on OpenSea after the remainder is paid to the artist

8. VeVe THE WHAT?

Limited edition VeVe digital collectables are available for purchase, sale, and trade using the VeVe app

They can also be upgraded and modified, displayed in virtual showrooms, shared on social media

To display your digital valuables and to interact with other VeVe collectors worldwide, create and personalize online showrooms

FPS-style movement through your virtual showrooms on your phone is also possible

Alternatively, you may use augmented reality to make your showrooms come to life so you can actually walk through them

9. BakerySwap THE WHAT?

The first AMM+NFT exchange on Binance Smart Chain is called BakerySwap

Launch your product using BakerySwap, an automated market maker (AMM) model-based decentralized trading platform

BakerySwap is the first AMM+NFT exchange on the Binance Smart Chain concurrently

Numerous facts point to BakerySwap’s swift expansion inside the DEFI ecosystem

In collaboration with Ankr Staking, BakerySwap is launching new farming pools, such as aETH-BETH and aETH-ETH, using the synthetic derivative asset known as aETH

Holders of aETH will be able to gain from acting as liquidity providers thanks to BakerySwap

10. AtomicHub THE WHAT?

On the eosio blockchain, AtomicAssets is a standard for Non Fungible Tokens (NFTs)

Anyone can create and tokenize digital assets using the AtomicAsset standard, as well as buy, sell, and auction them using the AtomicMarket marketplace

Assets are intended to be grouped together in collections, which also manage their rights

They also have a unified schema-compliant data field where you can later add elements like a description or a website URL

This information then enables websites and applications from third parties to offer more relevant information about your collection

Each asset must be a part of a collection, so you should use the createcol action to do so

REFERENCE:

https://sourceforge.net/software/nft/asia/

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

Affiliate links may be included in these articles, and signups through these links are highly appreciated. These links support better research and quality writing and help you find the right products with less hassle, so it’s a win-win :) Great care is taken to ensure the links are from authentic, non-spammy sources.

Stay up-to-date on the latest stories by signing up for the newsletter. Please don’t mark these emails as spam, instead, you can easily unsubscribe.

[coinprojects]

New Post has been published on https://coinprojects.net/thorchain-token-price-up-16-following-mainnet-launch/

THORChain token price up 16% following mainnet launch

The price of THORChain’s token RUNE is up 16% since the project announced the official launch of its mainnet on June 22.

The team announced the mainnet launch on Wednesday, alongside the rollout of a “Rune in a Million Campaign” on Binance that contains a total of $1 million worth of RUNE rewards for users of the exchange.

The announcement has been followed by a 16% bump for RUNE to $2.18 at the time of writing, and the price is up 31.6% over the past seven days. The surge has provided some much-needed relief for RUNE, though the price is still down 31% from $3.21 at the start of June.

THORChain is a cross-chain exchange and proof-of-bond network that enables users to swap assets by liquidity pools across various networks such as Binance Smart Chain, Ethereum, Dogecoin and Bitcoin. The exchange also supports the trading of synthetic assets (tokenized derivatives that mimic the value of other assets).

According to the project, it has processed more than $3.7 billion worth of native on-chain swaps, and has roughly $299.7 million worth of total value locked (TVL).

“Mainnet marks the achievement of a fully functional, feature-rich protocol with a large ecosystem and strong community. It has been a long time coming and the community is very excited about this important milestone,” the team stated.

Notably Binance, Crypto.com, Coinspot, Swyftx and Ku Coin have all stated they will support the asset.

1/ @THORChain Mainnet is opening up the floodgates! @binance, @kucoincom, and @cryptocom all announced they’ll support native $RUNE the past few days. What an exciting time to be a #ThorChad! LFG!

— ImpossibleHunter77⚡ (@ImpossibleHunt7) June 23, 2022

The project launched in 2018 and THORChain is transitioning from its beta version dubbed the “multichain chaosnet,” which went live in April 2021. It was the subject of multi-million dollar hacks in the past .

The team notes it has also transitioned over the last four years from a fully centralized project to a community-driven one whose “network is solely controlled by 100 decentralized nodes.”

While the introduction of the mainnet doesn’t necessarily bring forward any fundamental changes to how the protocol operates apart from less bugs and network stability/security, it will provide key changes to how the project is governed and adopted, and marks Thorchain’s development into a fully fledged network.

Prior to launching its own blockchain, THORChain initially launched with two variants of its token on Binance Chain and Ethereum, and the team has expressed concerns with the minting features behind these two assets in the past, along with divided the trading markets for the asset.

As part of the mainnet launch, THORChain is hoping to wind down these two variants of RUNE over the next six months as part of push to phase in the new fully native and unified variant of the token. The team stated that this will also help more wallets provide support for the asset.

THORChain validators started the vote on initiating the IOU RUNE token “kill switch” this week.

The @THORChain node operators have begun voting to active the Kill Switch

Details on the importance https://t.co/ZbsguIfC45 pic.twitter.com/kV5fg2h3ZU

— Dan Smith (@smyyguy) June 20, 2022

Related: Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

Moving forward the team stated that it will work on developing an Architecture Design Record (ADR) to keep track of network changes and the governance process. It will also look to establish new chain integrations, wallet integrations, aggregator implementations and a single-sided yield feature. Further decentralization has also been earmarked as a key goal.

“Centralized points of failure must be removed as they are a risk to the future of the network. The largest remaining centralized point is Treasury management. Treasury plans to hand over full control to the community soon,” the team wrote.

The RUNE rally this week follows the sharp surge of native DeFi tokens from competing platforms such as synthetic derivatives trading platform Synthetix, which has seen its SNX pump 75% over the past seven days to sit at $3.06.

The price appears to have surged in response to Synthetix Improvement Proposal 120 that went live last week which increased the speed of trade on the platform.

Source link By Cointelegraph By Brian Quarmby

#Altcoin #Binance #Bitcoin #BlockChain #BlockchainNews #BNB #Crypto #CryptoExchange

[ailtrahq]

In a recent blog post by Placeholder VC, the firm drew a striking analogy between leading layer-1 (L1) blockchain ecosystems Ethereum and Solana, comparing them to Android and iOS respectively. Written by Joel Monegro on October 10, 2023, the post provides insights into the unique attributes and future trajectories of both blockchain platforms. Why Ethereum Is Like Android Drawing a parallel to Android’s open and diverse ecosystem, Ethereum is highlighted for its modularity and widespread adoption. Monegro notes that just as Android runs on a plethora of devices manufactured by various companies around the world, Ethereum is “becoming more of a platform for third-party networks than the place where most end-users and developers operate.” Quoting from the post, “The fast-growing ecosystem of layer-2 (L2) networks using Ethereum mainnet for security or leveraging the Ethereum Virtual Machine (EVM) as an operating system already processes ~5-6x more transactions than Ethereum mainnet.” This expanding ecosystem reflects the multiplicity seen in Android devices, with Ethereum’s influence potentially encompassing “hundreds of networks processing billions more transactions than Ethereum mainnet.” Monegro further elaborates that the Ethereum Virtual Machine (EVM) is set to reinforce its dominance as the premier blockchain operating system, orchestrating countless networks and rollups that cover an array of markets, sectors, and functionalities. Even though Ethereum’s mainnet might capture only a segment of this expansive value, the platform is poised to reap significant advantages from the broadening ecosystem. Despite the benefits, Monegro points out challenges reminiscent of Android’s issues, stating, “Ethereum smart contracts aren’t guaranteed to run seamlessly on all of them by default, and developers have to spend extra time tweaking, testing, and maintaining for different environments.” Why Solana Resembles iOS In contrast, Solana is likened to Apple’s iOS, recognized for its focus on integration and performance. Monegro explains, “Solana as a single, unified network is much faster and cheaper than Ethereum and many other EVM networks.” The seamless user experience, reduced transaction speeds, and cost efficiencies found on Solana mimic the consistent and integrated user and developer experiences on iOS. However, Monegro emphasizes that this analogy, while instructive, is somewhat superficial. He writes, “Which is absolutely, objectively ‘better’ doesn’t matter; that debate will never end. Some people will value a modular philosophy’s flexibility; others will value a more integrated platform’s speed and simplicity.” The post culminates in an admonition against market myopia. Drawing upon historical examples from the crypto and tech industries, Monegro states that while there were times when singular players like Bitcoin or Ethereum dominated, it’s a “mistake to assume that the status quo at any point in time will remain the same forever.” Monegro’s perspective underscores the notion that in the evolving landscape of blockchain technology, both modularity and integration have their merits. The overarching message seems to be one of appreciation for diversity, fostering a more inclusive and vibrant crypto ecosystem. At press time, Solana (SOL) traded at $22.07, down 1.4% in the last 24 hours. SOL price falls below the 38.2% Fib, 1-day chart | Source: SOLUSD on TradingView.com

[primorcoin]

New Post has been published on https://primorcoin.com/ethereum-nears-major-upgrade-as-testnet-set-to-undergo-merge-in-june/

Ethereum Nears Major Upgrade as Testnet Set to Undergo Merge in June

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.”

The Merge will mean the end of proof-of-work mining on the Ethereum network. Mining, which involves the use of high-end, energy-heavy computers to solve complex mathematical puzzles, is currently how new ETH coins are created and how transactions are verified on the network. Once the network is switched over to proof of stake, “miners” will be replaced by “validators,” who stake (i.e., pledge) ETH to validate and secure the network and are rewarded in ETH for doing so.

The expectation is that this will all drastically reduce the amount of energy consumed by the Ethereum blockchain. It will also slash new ETH issuance by roughly 90%, which market analysts believe could add considerable deflationary pressure to Ethereum if demand for the asset remains high.

Ethereum Foundation ups bug bounties

As it prepares for upgrading the mainnet, the Ethereum Foundation has bumped up rewards on offer from its bug bounty program, launched in 2021. The program offers payouts in a tiered system, offering the most for critical vulnerabilities that have a potential high impact and high likelihood of occurring. 

It has also now combined what used to be two separate programs for its execution, or Eth1, and consensus, or Eth2, layers. Bug bounty hunters can now earn up to $250,000, payable in Ethereum or DAI, for identifying vulnerabilities that are in-scope for the program. 

The program has upped the ante from $50,000 payouts to make sure The Merge doesn’t introduce vulnerabilities to a network that sees billions of dollars worth of transactions every day. As of Wednesday, Ethereum was trading at $1,968.22 and had a market cap of $238 billion, according to CoinMarketCap.

The max Ethereum bounty for reporting vulnerabilities in upgrades that are already live on public testnets or scheduled to be released on the Ethereum mainnet are doubled at the moment, bringing the ceiling to $500,000.

“There are already multiple efforts being organized by client teams and the community to further increase knowledge and expertise across the two layers,” developer Fredrik Svantes wrote Monday in an Ethereum Foundation blog post. “Unifying the Bounty Program will further increase visibility and coordination efforts on identifying and mitigating vulnerabilities.”

Want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news stories + weekly roundups and more!

Source link

#Blockchain #Crypto #CryptoNews #TraedndingCrypto