At the heart of the Ethereum burn address lies a fundamental concept – the deliberate destruction of tokens. Represented by the address 0x0000000000000000000000000000000000000000, it functions as a digital black hole, permanently removing sent ETH from circulation. This irreversible process distinguishes the burn address from standard cryptocurrency wallets, which require a private key for access and retrieval. The absence of a private key for the burn address is a deliberate design choice. It ensures that any ETH sent to this address becomes irretrievably lost. Unlike accidental transfers to lost wallets, the burn address offers a controlled and transparent mechanism for permanent…
Author: Crypto Flexs
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May 21st Mobile App Change Log 6.19.0 Latest updates and optimizations for the Bitfinex mobile app We are pleased with the gift Version 6.19.0 Bitfinex mobile app The latest update to the Bitfinex mobile app includes a new welcome tour guide. You can also download the latest version of the Bitfinex mobile app from: Android application package (APK). Leave a review on the App Store Bitfinex Mobile User App Survey! The changes below have been suggested by our active customer base. Customers’ feedback is very valuable to us. characteristic Updated to add welcome tour.Updated redesigned PIN screen. improvement Added MODE…
Nasdaq-listed software intelligence company MicroStrategy (MSTR) has significantly outperformed Bitcoin (BTC) over the past year.MSTR stock was worth about $1,279 per share as of May 21, soaring more than 500% in one year and 150% year-to-date (YTD). In comparison, the price of Bitcoin has surged 166% in one year and about 60% since the beginning of the year. YTD. Comparison of 1-year performance of MSTR and BTC/USD. Source: TradingViewWhy does MicroStrategy outperform Bitcoin?MicroStrategy’s Bitcoin premium reflects investor confidence in the company’s management, its strategy of leveraging debt to acquire more Bitcoin, and the potential for future growth beyond the value…
Bitget Appoints Gracy Chen as CEO – Chainwire We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by subscribers or users. Technical storage or access…
Proof of stake continues to be one of the most controversial discussions in the cryptocurrency space. Although the idea has many undeniable benefits, including efficiency, a larger security margin and future-proof immunity to hardware centralization concerns, proof of stake algorithms tend to be substantially more complex than proof of work-based alternatives, and there is a large amount of skepticism that proof of stake can work at all, particularly with regard to the supposedly fundamental “nothing at stake” problem. As it turns out, however, the problems are solvable, and one can make a rigorous argument that proof of stake, with all…
Standard Chartered expects the U.S. Securities and Exchange Commission to approve the Ether ETF this week. The first spot Ether ETF deadlines are fast approaching: May 23rd for VanEck and May 24th for Ark Invest/21Shares.In an interview with The Block, Standard Chartered Bank Head of FX Research and Digital Asset Research Geoff Kendrick said he was “80% to 90%” confident that the Ether ETF would be approved this week.“We estimate that, upon approval, the spot ETF will bring inflows of between 2.39 and 9.15 million ETH in the first 12 months following approval. In U.S. dollar terms, this equates to…
Deep-pocketed investors are suddenly accumulating large amounts of rival Dogecoin (DOGE) from Coinbase, the top U.S. cryptocurrency exchange, according to on-chain data. Digital asset tracker Lookonchain discovered that the cryptocurrency whale spent 606,00 USDC to purchase approximately 228,000 Dogwifhat (WIF) memecoins. “Whales are buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to purchase WIF. So far, he has used 606,000 USDC to purchase 227,896 WIF at $2.66, leaving him with 1.22 million USDC left. Purchase is in progress (May 20).” At the time of writing, WIF is trading at $2.83, up 10.7% in…
Ethereum led the altcoin rally, boosted by renewed optimism over the US SEC’s approval of a spot ETH ETF. The total cryptocurrency market cap has surged to over $2.7 trillion, an increase of $200 billion in just 24 hours. This significant rise was driven by positive market sentiment due to notable gains in Bitcoin (BTC) and Ethereum (ETH) and potential regulatory changes. Bitcoin (BTC) hit a multi-week high of $72,000 after trading around $67,000 for several days. The rise followed the release of favorable US Consumer Price Index (CPI) figures and accelerated further during the US trading session on Monday…
In an interview with crypto.news, Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has strengthened its regulatory framework to curb unlicensed cryptocurrency activity, citing fraud and money laundering concerns. “The SEC is warning individuals and investors to be cautious about using unlicensed digital asset operators,” the regulator said in a statement. The commission last month banned access to unlicensed cryptocurrency exchanges and introduced significant changes aimed at strengthening digital asset markets. These modifications include eliminating investment limits for retail investors in asset-backed tokens and enforcing strict custody requirements…
I’ve been trying to build my own blockchain from scratch in Golang. I coded the execution layer and recently completed implementing the consensus layer for my chain. But there is one persistent problem. There is the following function used to mine a specific block: func (bc *Blockchain) MineBlock(b *Block) error bc.logger.Log( “msg”, “mining block..”, ) var targetForBlock *big.Int var err error if (bc.Height() % HEIGHT_DIVISOR) == 0 targetForBlock, err = bc.calcTargetValue(b) bc.Target = targetForBlock if err != nil return err else targetForBlock = bc.Target fmt.Printf(“target is %x\n”, targetForBlock) fmt.Printf(“target for block %x\n”, targetForBlock) bHash := b.HashWithoutCache(BlockHasher) hashBigInt, _ := new(big.Int).SetString(bHash.String(),…