Cointelegraph By Zhiyuan Sun
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Interchain Accounts is the biggest upgrade to Cosmos since Stargate
Cointelegraph By Zhiyuan Sun - 0
On Thursday, The Interchain Foundation, a non-profit steward of the Cosmos (ATOM) ecosystem, announced the release of Interchain Accounts. The inter-blockchain communications protocol (IBC) enables an entire blockchain to control an account on a separate chain. It is the largest software upgrade to the Cosmos cyberspace since Stargate....
On Wednesday, blockchain oracle solution Chainlink (LINK) announced the release of Chainlink Verifiable Random Function, or VRF, v2. As told by its developers, the new, improved version of the random number generator can reduce transaction fees by 60% compared to v1. Randomness is a core component of making...
CryptoPunks community reacts to the ongoing copyright battle between v1 and v2
Cointelegraph By Zhiyuan Sun - 0
During its initial release, 10,000 CryptoPunks were sold and made it to the secondary market before users discovered a critical smart contract exploit that made it possible for Punks' buyers to withdraw their Ether (ETH) post-purchase. As a result, creator Larva Labs withdrew recognition of the v1 collection,...
OpenSea customer service migrating from Discord to Metalink to more adequately protect its community
Cointelegraph By Zhiyuan Sun - 0
On Tuesday, nonfungible token, or NFT, platform OpenSea launched a server on Metalink to give the verified owners of its collections a direct channel for support, feedback and updates. In addition, OpenSea said it would no longer offer customer support over Discord DMs. Metalink is a collaboration app...
Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate
Cointelegraph By Zhiyuan Sun - 0
On Tuesday privacy coin Monero (XMR) mining pool MineXMR's hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org, last August, the pool only...
74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
Cointelegraph By Zhiyuan Sun - 0
According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia. The report analyzed ransomware hacks throughout 2021 and...
Where do crypto donations go? Here are six charities that have benefited, as told by The Giving Block
Cointelegraph By Zhiyuan Sun - 0
Charities and donations have been a trending topic in the cryptocurrency realm as of late. And it's not simply an act of giving. In countries such as the United States, the country's revenue authority provides generous tax deductions for those who donate their crypto to registered charities. One...
Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains
Cointelegraph By Zhiyuan Sun - 0
It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla's CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that his namesake car...
Intel to enter crypto space with blockchain accelerator shipping later this year
Cointelegraph By Zhiyuan Sun - 0
On Friday, Raja M. Koduri, senior vice president of accelerated computing systems and graphics group at Intel, declared their intent to contribute to the development of blockchain technologies, beginning with the introduction of energy-efficient crypto mining accelerators that will be released this year. Previously, Intel had announced it...
The world’s first and oldest Bitcoin mining pool has mined nearly 1.3 million BTC since inception
Cointelegraph By Zhiyuan Sun - 0
All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As...