Understanding Account Abstraction in the Crypto Industry
Definition of Account Abstraction:Traditional Account Model in Blockchain:How Account Abstraction Works:Benefits of Account Abstraction: Implications for Blockchain Ecosystems: Examples of Account Abstraction in Practice: Conclusion: Definition of Account Abstraction:...
10 Ways How to Earn Passive Income from NFTs
Passive income from NFTs (Non-Fungible Tokens) can be an exciting opportunity for individuals interested in the digital art and collectibles space. Here are some ways to potentially earn passive income from NFTs:
Multichain CEO Zhao Jun ‘arrested’ by Chinese Police amid a series of ‘hacks’- A rug pull at play?
The Chinese Police took Multichain CEO Zhao Jun in May; since then, no one has heard from him. Multichain suspiciously claims no one can access Jun’s cloud server; thus, everyone is locked out of MPC node servers and cannot access funds stashed away by his sister.
Polygon tables a proposal to upgrade MATIC into a multipurpose coin
Polygon has submitted a proposal to the Polygon community seeking to upgrade its MATIC token to a multipurpose coin across multiple chains and rename it to POL token.
Adam Back: If an upgrade improves Bitcoin’s bandwidth, storage, and CPU cost of pool full nodes to be 10X higher than fullnodes while upholding security, its a yes
Adam Back is open to seeing Bitcoin get a network upgrade that could increase its bandwidth and storage and push the CPU cost of a pool (or solo/stratum v2) full nodes to be 10X higher than full nodes while ensuring that the Bitcoin validating nodes remain unaffected.
Non-Fungible Tokens (NFTs): A Comprehensive Guide to Different Types of NFTs and Factors to Consider Before Investing
Non-Fungible Tokens (NFTs) have emerged as a significant phenomenon within the digital asset space, revolutionizing the way we perceive and trade unique digital assets. As the NFT market continues to expand, it is essential for investors to understand the various types of NFTs available and the factors to consider before diving into the NFT industry.
Bitcoin Lightning Network: A Comprehensive Guide and Companies Embracing its Potential
The Bitcoin Lightning Network has emerged as an innovative solution to address the scalability and transaction speed limitations of the Bitcoin network. By enabling faster and cheaper micro-transactions, the Lightning Network has gained significant attention from the Bitcoin community and businesses worldwide.
Cameron Winklevoss: Barry Silbert, accept our deal or face litigation
Cameron Winklevoss has penned a new open letter and addressed it to DCG’s Barry Silbert on Twitter, claiming that Silbert has been evading fulfilling his dues to DCG’s earned customers for the past 8 months. Winklevoss has warned Silbert of a potential lawsuit in two days if he doesn’t fulfill the demands from Gemini bosses.
DEX to CEX Futures trading volume ratio hits a new all-time high (ATH)
On June 27, the DEX to CEX futures trading volume ratio recorded a new all-time high though DEXs still have fewer futures trading volumes. These developments show growing discontent in the centralized crypto markets like Binance and Coinbase as regulators go harder after them.
Layer 2 Polygon to upgrade Polygon PoS Chain compatible with zkEVM
On June 20, Polygon Labs, the company behind the Ethereum scaling solution Polygon network, published a pre-proposal post seeking to make its primary chain compatible with zero knowledge of Ethereum Virtual Machine technology.
BNB Chain gets a layer 2 scaling solution powered by Optimism
BNB Chain has lived on to welcome innovations and increase its footprints in the crypto space. It’s now welcoming opBNB, an optimism-powered layer 2 scaling solution.
Vitalik Buterin: These three features are the pivots of Ethereum
Vitalik Buterin, Ethereum network co-founder and core developer, has outlined wallet security, layer 2 scaling and privacy-preserving features as key Ethereum pivots.