New Developments Happening in the Blockchain Space: 22-04-2024
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Ethereum’s next hard fork could make lost private keys a thing of the past
The social recovery tool requires users to have first transferred all their assets to an invoker contract, which will perform all future transactions for the user.
Ethereum users may no longer need to worry about losing their seed phrases ever again after the Pectra hard fork — thanks to a new “social recovery” feature, part of the planned Ethereum Improvement Proposal (EIP) 3074 upgrade.
EIP-3074 was confirmed as a new addition to the Pectra hard fork by Ethereum core developer Tim Beiko in an April 11 X post.
The upgrade will see a “supercharging” of ordinary Ethereum wallets (externally owned accounts) with several new smart contracts capabilities, including the ability to recover assets, Ethereum Foundation researcher “Domothy” explained in a March 25 blog post.
However, to leverage the social recovery tool, users must first have transferred ownership of their assets to an invoker contract via a digital signature, which will perform future transactions and function calls on the user’s behalf. Read More
This blockchain platform offers decentralization, security and scalability in tandem
Tackling the long-standing issue, this platform allows for decentralization, security, and scalability to have a place together.
Partisia Blockchain is an L1 with novel zero-knowledge oracle and sharding solutions, sorting out problems plaguing the broader blockchain industry.
Diverse blockchains are plentiful nowadays, and solving the biggest challenges in the blockchain space is more critical than ever. Transitioning blockchains from their isolated nature toward a more interoperable framework presents significant hurdles, necessitating solutions that concurrently address privacy, security and scalability.
Existing blockchains are either fully transparent or fully anonymous, and neither solves the trust problem. The standard transaction output of layer-1 protocols is limited, with the original blockchain processing only seven transactions per second. Moreover, L1s are not designed to be interoperable by themselves.
Developed by a group of well-known scientists with 35 years of research and 15 years of practical implementation experience, Partisia Blockchain is designed to tackle these issues and become a sustainable ecosystem that enhances building opportunities for developers. Read More
Here's How Many ‘Notcoin’ Tokens You'll Get for Your In-Game Coins
Notcoin’s conversion rate has been announced ahead of the token launch on The Open Network (TON).
Notcoin’s planned token launch on The Open Network (TON) is just over a week away, and the team behind the viral Telegram-based game has shared some key details about how players’ earned in-game coins will be converted to on-chain tokens.
Players racked up trillions upon trillions of in-game coins by tapping their phone screens, but that huge tally was sure to make trading crypto tokens a bit of a headache. The Notcoin team had previously said that it planned to knock off some zeros during the conversion process to make things more manageable once minted, and now we know how that’s going to work. Read More
Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop
The Web3 advertising network, Everyworld, backed by Coinbase and the venture capital firm A16z, is set to begin the airdrop of its EVERY token to its community in the week of April 15th. According to the airdrop criteria, users can become eligible to participate by playing baby animal games and earning points. After completing quests, users will need to connect their wallets and submit their respective Know Your Customer (KYC) documentation.
As stated in the Everyworld blog post, users who wish to participate in the airdrop must not be U.S. citizens or residents of 25 other countries, including Australia, China, and Russia. Only 3% of EVERY tokens are set to be airdropped, while the entire Everyworld team and investors’ share is locked until April 5, 2025. Potential sellers who have unlocked tokens include early contributors, market makers, and exchanges. Read More
MARKETHIVE THE FUTURE OF ALL MEDIA
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
Why the US Should Reevaluate Its Approach to the Bitcoin Mining Industry
The federal government has made it clear that robust and enforceable regulation is likely coming to the US Bitcoin mining industry, and therefore the community must work together toward reasonable legislation.
The bottom line is simple – Bitcoin mining could one day be a net positive for the environment.
Bitcoin’s proof-of-work process has grown increasingly more energy-efficient as more miners look towards renewable energy sources such as wind, solar and hydropower – not coal or natural gas.
The Bitcoin Mining Council, a bitcoin industry group, has shown that 60% of mining is done with renewables.
Nonetheless, the US EIA requires cryptocurrency miners to share their power usage details to regulate high power usage. There are only a few ways for miners to respond. Read More
Ethena (ENA) Labs Integrates with Major Exchanges for Reward Program
Ethena Labs, a synthetic dollar developer, has partnered with major centralized exchange wallets to offer users a 20% reward boost for locking USDe stablecoins for 7 days, converting rewards into ENA tokens.
Recently, Ethena Labs, a company that specialises in the development of synthetic dollars, made an announcement on its integration with major centralized exchange wallets such as Binance, Bybit, OKX, and Bitget. The purpose of this integration is to make it easier for users to participate in Ethena's rewards programme and to increase the platform's popularity among members of the decentralised finance (DeFi) community.
Ethena Labs is providing a reward increase of twenty percent to customers that lock their USDe stablecoins for a period of seven days or more using exchange Web3 wallets. This is done as an incentive for users. At the conclusion of each campaign, these incentives, which are referred to as "Ethena sats," have the potential to be turned into the native ENA token of the system. Through the integration of well-known exchange wallets, Ethena Labs intends to simplify the process by which users may take part in the rewards programme and gain extra advantages. Read More
A16z Crypto Introduces Jolt zkVM for Blockchain Scaling
Andreessen Horowitz (A16z) Crypto has introduced Jolt, a zero-knowledge solution that integrates SNARKs, enabling faster SNARK-based Layer 2 solutions and enhanced security for developers.
To tackle the scalability issues that blockchain networks are facing, A16z Crypto, the investment company Andreessen Horowitz's cryptocurrency-focused branch, has unveiled Jolt, a zero-knowledge solution known as zkVM. This creative technique integrates SNARKs (Succinct Non-Interactive Arguments of Knowledge) in an effort to expedite and simplify blockchain scaling procedures.
Jolt is a revolutionary approach to virtual machine construction validated using SNARKs. It offers significant performance advantages over current zkVMs and allows developers to quickly design SNARK-based Layer 2 solutions. By integrating SNARKs, Jolt is able to offload a significant amount of computing effort, expediting the compression and verification of computations without requiring the verifier to carry out the calculations themselves. Read More
What Is Berachain? The Latest Ethereum, Solana Challenger to Raise Big Money
Founded by pseudonymous devs with bear-themed names, Berachain is built on Cosmos SDK and aims to be the next big layer-1 chain.
Pseudonymous founders with bear-themed names have raised $100 million in funding for Berachain—a layer-1 blockchain built with Cosmos tech.
Announced Friday, the Series B funding round was co-led by Brevan Howard Digital, an investment management platform, along with crypto-native VC firm, Framework Ventures. Additional backers include Polychain Capital, Samsung Next, Hack VC, and Hashkey Capital, with angel investors such as Polygon co-founder Sandeep Nailwal and Animoca Brands Chairman Yat Siu.
Investors signed a SAFT agreement, which exchanges current funds for future tokens. The move comes just days after Monad Labs announced its own $225 million raise to build a layer-1 chain to rival giants like Ethereum and Solana. 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.
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