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Hackernoon
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Bridge Abstraction - The Key to Unlocking True Blockchain Interoperability
- Blockchain interoperability is only achievable via bridges, which enable asset transfer between networks.
- Despite widespread desire for an interoperable crypto ecosystem, only about 0.01% of the $2.5 trillion of value in the crypto market is utilized across chains.
- According to Zecrey Labs CEO Sher, a big part of this is down to the user experience – leading to a solution in bridge abstraction.
- Current bridges have an often unintuitive interface, and bridging protocols only support a limited set of assets and blockchain pairs.
- Bridge abstraction builds on the concept of chain abstraction to hide complexities of interacting with blockchains from the end user and create a more user-friendly process.
- This decentralization of components provides greater flexibility and independent development.
- Kontos is designed to let users bridge across multiple chains via a single interface with the smart contracts handling the complexities of gas estimation and payment behind the scenes.
- Kontos' approach to gas abstraction is a significant innovation in improving blockchain usability and simplifying transactions across blockchain networks.
- With bridge abstraction, barriers to bridging are minimized, evolving toward a more inclusive and user-friendly web3 ecosystem.
- The adoption of bridge abstraction is expected to lead to a smoother and more intuitive on-chain experience and set new standards for blockchain accessibility and usability.
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99Bitcoins
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1inch And Bruce Lee Family Company Join Forces To Raise Awareness For DeFi
- The Bruce Lee Family Company has formed a partnership with 1inch to raise awareness for DeFi.
- The campaign aims to inspire mainstream audiences to engage with crypto and DeFi applications.
- 1inch co-founder stated that the collaboration is a tribute to Bruce Lee's philosophy.
- The partnership represents a growing trend of cultural figures working with blockchain technologies.
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Crypto-News-Flash
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Why Ethereum Remains the Backbone of Decentralized Finance
- Ethereum is the backbone of the new global financial system of L2s and L1 apps.
- Ryan Berckmans, a member of the Ethereum Community, claims that Ethereum is unmatched among other blockchain networks in its central infrastructure function in this new digital economy.
- While other chains, like Solana, have shown notable expansion, none are able to replicate Ethereum’s role as the backbone for the decentralized web, Berckmans underlines.
- Based on Ethereum’s long-term strategy of becoming a basic layer for the expanding ecosystem of decentralized finance (DeFi), NFTs, and blockchain applications, this claim is supported.
- Ethereum has become the preferred tool for developers creating L2 solutions in recent years, letting Ethereum handle more transactions effectively while still preserving the security and decentralization.
- Solana cannot compete with Ethereum as a backbone, mostly because of its lack of client diversity.
- Solana’s great bandwidth needs are another important consideration which limits its decentralization.
- Berckmans further contends that Solana’s prior network pauses and great danger of future outages prevent it from being a good backbone.
- zk-Proof Technology lets several transactions be aggregated into a single proof that can subsequently be settled on the Ethereum main chain which secures Ethereum Scalable and Decentralized Future.
- Ethereum’s L2-centric architecture guarantees that it stays the most reliable and scalable solution for decentralized banking, decentralized apps (dApps), and institutional adoption.
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Medium
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Why Users Won’t Share Their Email Addresses in Web3
- Web3 users expect complete control over their data, making them resist sharing personal details, especially with dApps.
- Users value the privacy-first principles and user sovereignty that Web3 embodies and strive to reduce their digital footprint.
- Requests for personal details, such as email addresses, can easily lead to a loss of trust and represent a regression into outdated practices that Web3 sought to transcend.
- iExec PrivacyPass balances privacy and user engagement and empowers Web3 users to interact safely with various projects and initiatives without sharing their email addresses.
- iExec Privacy Pass guarantees users full ownership of their data while offering projects a secure and privacy-first way to engage with their communities.
- Using Confidential Computing and Trusted Execution Environments (TEEs), iExec Privacy Pass encrypts and securely processes email addresses, ensuring senders never access them.
- Central to iExec's mission is Decentralized Confidential Computing (DeCC) that merges Confidential Computing with Blockchain technology to grant users full ownership of their data.
- iExec R3ach offers a way for Web3 projects to build relationships with their communities without compromising on decentralization principles.
- iExec's mission is to empower users as the sole owners of their data and uphold Web3's decentralized ethos, enabling trustless communication without sacrificing privacy.
- Using iExec Privacy Pass, Web3 users can engage with decentralized projects, upholding their privacy principles while fostering meaningful connections with their communities.
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Medium
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The Mad Metaverse: A New Era of Gamified DeFi
- The Mad Metaverse is a new era of gamified DeFi that offers exciting features for NFT enthusiasts.
- Users can evolve their NFTs through strategic choices, increasing rarity and value.
- Engage in play-to-earn mechanics, earning valuable rewards through games and challenges.
- The community-driven ecosystem encourages collaboration and shaping the future of the platform.
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Cryptonews
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Cardano Founder: New Collab to Propel BTC DeFi Beyond Solana, Ethereum
- Cardano has integrated BitcoinOS (BOS), allowing access to Bitcoin's capital pool without intermediaries.
- The collaboration between EMURGO and BOS enhances Cardano's DeFi ecosystem and offers new opportunities.
- Cardano becomes the first Layer-1 blockchain to integrate BitcoinOS.
- The integration provides secure Bitcoin access and supports a more interconnected Web3 environment.
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Medium
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TRIVE: Pioneering the future of gaming communities
- TRIVE is a gaming community that focuses on building a genuine support network for its members.
- TRIVE aims to bridge the gap between Web 2 and Web 3 gaming experiences.
- Their mission is to create an inclusive platform where all gamers can thrive and succeed.
- TRIVE is setting a new standard for gaming communities through collaboration and community-driven growth.
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Bitcoinist
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DeFi Revolution? Cardano Founder Says Bitcoin Will Outpace Ethereum And Solana
- Cardano's Charles Hoskinson predicts that decentralized finance (DeFi) will come to Bitcoin and surpass Ethereum and Solana.
- Cardano and Bitcoin have agreed to use smart contract features in the Bitcoin ecosystem, paving the way for DeFi projects on Bitcoin.
- Hoskinson plans to train BTC developers on Aiken, a programming toolkit for smart contracts on Cardano.
- Hoskinson's previous criticism of Bitcoin has shifted after the collaboration between Cardano's EMURGO and Bitcoin.
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TronWeekly
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Solana Vs. Ethereum: Why Solana May Struggle As A Global Blockchain Backbone
- Solana may struggle as a global blockchain backbone due to its limitations in achieving decentralization.
- Ethereum is already established as the financial backbone, dominating Layer 1 and supporting L2 solutions.
- Solana's scalability potential is hindered by high bandwidth needs and centralized ownership.
- Solana faces challenges in client diversity, bandwidth requirements, outage risks, centralized ownership, and misalignment of scaling focus.
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Hackernoon
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Comparing AI vs. Blockchain Hype
- AI and blockchain both have passionate advocates who are touting them as the solution to the world's problems, however, their messaging differs.
- Blockchain proponents sometimes over-promised and under-delivered on utopian ideals of a decentralized future, while AI is having an immediate and measurable impact on society.
- Communication strategies around AI often obscure the reality of the technology's value and impact, making it seem too futuristic or too dangerous to adopt.
- On the one hand, AI is warned as an existential risk to the world and on the other hand, it is portrayed as a panacea for all our problems.
- The current trap of doomerism or apocalyptic doom and silver bullet utopianism alienate and scare people away rather than engaging them.
- Evangelists of AI need to focus on the immediate, real-world impact of AI and steer away from the extremes.
- It's important to engage the public and build excitement around AI's potential to revolutionize industries like finance, healthcare, and entertainment.
- Learning from blockchain's missteps in over-promising, AI evangelists need to focus on what AI is ALREADY providing.
- AI has already delivered beyond expectations and is constantly under-framed as either an existential risk or a panacea.
- By presenting a more balanced, grounded perspective of AI's current tangible and present-day value, AI evangelists can win over a skeptical public.
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Nigeriabitcoincummunity
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Soneium Airdrop Worth $118B – Farm with your Phone
- Sony has launched its own Layer 2 network, Soneium, with a testnet currently live.
- Soneium is set to generously reward participating users through an airdrop.
- Mobile browsers Mises and Kiwi allow users to farm airdrops on their phones.
- A step-by-step guide is provided for participating in the Soneium airdrop.
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3 Likes
Medium
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Polymarket’s Role in Predicting the 2024 U.S.
- Polymarket is experiencing a surge in demand, with bets on the U.S. election accounting for 46% of its yearly volume.
- The platform's popularity is due to the advantages of decentralized prediction markets over traditional polling methods.
- Recent market trends show a shift, with Donald Trump gaining a significant lead over Kamala Harris in betting odds on Polymarket.
- The success of Polymarket highlights the real-world utility of decentralized finance applications and the integration of DeFi with predictive analytics.
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Medium
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Ultimate MATH Staking with Binance
- Experience easy and secure MATH $MATH staking with DappRadar’s user-friendly platform.
- Staking cryptocurrency means locking up coins to validate transactions on a blockchain network.
- Through staking, crypto investors can earn rewards on their holdings passively.
- DappRadar is a platform that provides valuable insights and analytics for decentralized applications (DApps) and blockchain projects.
- Earning rewards through staking MATH $MATH can be a lucrative venture for crypto enthusiasts.
- By leveraging the reward mechanism on DappRadar and implementing robust strategies, you can harness the full potential of staking MATH $MATH to maximize your returns and achieve financial growth.
- When staking MATH $MATH, security plays a critical role in safeguarding your assets from potential risks.
- DappRadar stands out from competing platforms in several key areas.
- As the cryptocurrency space continues to evolve, experts anticipate a significant surge in MATH $MATH staking activities.
- DappRadar stands out as a leading platform that provides valuable insights and metrics on decentralized applications (dApps) across various blockchains.
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TheNewsCrypto
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Fake Curve Finance App Threatens Users on Apple Store
- A fake app impersonating Curve Finance has appeared on the Apple App Store.
- Users are being urged to verify app sources to protect their cryptocurrency assets.
- The deceptive app, named 'Curve defi v3,' has gained popularity among users.
- Curve Finance community members are raising alarms and warning others to avoid downloading the app.
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11 Likes
TheNewsCrypto
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Vitalik Buterin Maps Ethereum’s Next Phase with The Purge
- Ethereum co-founder, Vitalik Buterin, unveils the protocol's roadmap for scalability, security, and user empowerment.
- Layer 2 solutions like rollups will enhance scalability, reduce transaction costs, and support high-demand sectors like gaming, DeFi, and social media.
- Initiatives such as 'The Purge' aim to reduce historical data load, enabling decentralized operation with minimal storage requirements.
- Transition to Proof of Stake improves decentralization, reduces energy consumption, enhances security measures, promotes interoperability, and enables community-driven governance.
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