Decentralized finance (DeFi) altcoins outperformed the overall crypto market this week, surging 30% amid lower inflation rates. DeFi protocol Curve Finance (CRV) announced in a new blog post that it is experiencing one of the largest emissions reductions in history as it approaches its fourth anniversary, with all emissions except those from the protocol community ending. According to Curve, the halving, which halves the protocol’s mining rewards, is modeled similarly to Bitcoin’s (BTC) halving, but at a different speed. “Curve has seen some reductions in emissions over the first three years, but this reduction is more significant than most, going…
Author: Crypto Flexs
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Tony Kim 17 Aug 2024 08:32 Decentralized Science (DeSci) leverages blockchain to promote transparency, collaboration, and open access in scientific research, and addresses the centralization issues of traditional science. Decentralized Science (DeSci) leverages blockchain technology to decentralize research, promoting transparency, collaboration, and open access. This approach aims to address the centralization and innovation challenges inherent in traditional science (TradSci), which is often dominated by major institutions and publishers.Problems plaguing traditional science (TradSci)One of the major challenges in TradSci is the “valley of death,” the period between basic research and the development of practical applications.…
SUI ranked first in terms of profits in the cryptocurrency market during the month of August. With TVL experiencing steady growth, SUI is poised to replicate Solana’s early success. Cryptocurrency markets have bounced back strongly since the August 5 crash, which was triggered by the Japanese stock market slump. However, despite the initial big losses, major cryptocurrencies have since recovered. In fact, according to CoinMarketCap, the top five coins with the highest gains in August were: Sui (SUI) up 68.65%, Helium (HNT) up 49.27%, Aptos (APT) up 32.29%, Toncoin (TON) up 26.28%, and Fantom (FTM) up 26.13% to round out…
Top Stories of The Week Musk claims X hit by ‘massive DDoS attack’ delaying Trump interview X owner Elon Musk claimed the social media platform was hit with a distributed denial-of-service (DDoS) attack as his slated interview with U.S. presidential hopeful Donald Trump was set to kick off. “There appears to be a massive DDoS attack on X. Working on shutting it down,” Musk posted to X on Aug. 12. A DDoS attack aims to flood a network or service with traffic to disrupt and deny legitimate users from being able to use it. The alleged attack came as technical…
According to anonymous cryptocurrency trader and self-proclaimed “bubble chaser” Blunts, Bitcoin has probably bottomed and is now ready to rally. In a post on X on August 15, the trader known for accurately predicting the Bitcoin (BTC) bottom in 2018 declared that the cryptocurrency has completed its ABC correction and that the price will likely end at the $68,000 level. ABC corrections are a fundamental concept of Elliott Wave Theory, used to analyze market cycles and predict future price movements. Corrections consist of three waves: Wave A, which initiates the correction and goes against the prevailing trend. The second part…
optimism Office +4.83% The launch of permissionless fraud proofs, also known as error proofs, is a significant achievement for the Ethereum-based ecosystem, as it allows users to challenge potentially fraudulent or incorrect transactions on a layer 2 network. Unlike permissioned fraud proofs, where only trusted proposers can challenge transactions, permissionless fraud proofs open up the mechanism to all users.With these developments, Optimism can claim to have reached Level 1 decentralization, as described by Ethereum co-founder Vitalik Buterin. Level 1, or “limited training wheels,” requires that there be a fraud prevention system in place on the Layer 2 network, but a…
Top Stories of The Week Musk claims X hit by ‘massive DDoS attack’ delaying Trump interview X owner Elon Musk claimed the social media platform was hit with a distributed denial-of-service (DDoS) attack as his slated interview with U.S. presidential hopeful Donald Trump was set to kick off. “There appears to be a massive DDoS attack on X. Working on shutting it down,” Musk posted to X on Aug. 12. A DDoS attack aims to flood a network or service with traffic to disrupt and deny legitimate users from being able to use it. The alleged attack came as technical…
Jorg Hiller 17 Aug 2024 08:50 Learn how to set up a wallet, use onramps, and connect assets to get started with the Sui (SUI) ecosystem. According to the Sui blog, setting up a wallet and accessing SUI are often the first steps to entering the Sui ecosystem.Sui offers a vibrant ecosystem of apps and digital assets, and understanding how to access and manage these assets is critical to maximizing the network’s potential. Whether you’re new to Web3 or a seasoned veteran, familiarizing yourself with the wallet and onramps is essential to navigating Sui.SUI…
Sleep introduced a decentralized voting system. The voting system is limited to a specific group of users. These users cannot transfer their voting rights. Slerf, a Solana-based memecoin project, today announced the launch of a decentralized voting system for SLERF NFT holders. Slerf rose to fame after a failed launch in March of this year, when the project’s developers “accidentally” burned through $10 million of pre-sale funds due to “a simple, pointless click.” The misfortune ended when the crypto community came to the project’s aid, and the market cap shot up to over $750 million in a matter of hours.…
Key PointsWorldcoin Foundation has signed a Memorandum of Understanding (MoU) with Tools for Humanity (TFH) and MyEG to integrate Worldcoin’s technology into Malaysia’s digital infrastructure.In addition to personal verification and digital ID, there is potential for collaboration in the manufacturing of Worldcoin’s scanning device, the Orb, and connecting Worldcoin’s blockchain to Malaysia’s national blockchain infrastructure.Worldcoin Foundation, together with Tools for Humanity (TFH) and MyEG, have signed a Memorandum of Understanding with MIMOS Berhad, the Malaysian government’s applied research and development arm. The partnership focuses on integrating Worldcoin’s technology into Malaysia’s digital infrastructure to strengthen digital credentials through iris-based verification.The integration…