Edit: If anyone can introduce me to a good tutorial on development please let me know, thank you. Hi. I'm trying to get into blockchain and ethereum smart contract development. I have some experience with java spring, node js, and python flask app dev. I am currently following tutorials on this guide: The authoritative guide…
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Looking to hire US based Blockchain Engineer fluent with multiple protocols. Where: Tampa, Florida Does not allow remote Salary based on experience: 80-250k Description: Seeking multi-protocol fluent blockchain engineer/developer to join our team as we scale into the US. 2+ years web3 experience req. Must be knowledgeable with most common API’s. Contact: PM on Reddit…
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In 2021, Ethereum based OlympusDAO and its native token OHM exploded as the protocol onboarded new users seeking to leverage its high annual percentage yield (APY). At its peak, the price of OHM went from $330 to an all time high of $1,639, but the asset seems to be on a downward trend since October last year. Related Reading | Why This Token Thrives With A 38% Profit While Bitcoin And Ethereum Bleed According to Wu Blockchain, a OlympusDAO Whale triggered a cascade of liquidations on the protocol during today’s trading session. This led to a 44% crash in OHM’s price within an hour. At this time, the APY offered to OHM holders stood at around 190,000%. As reported by NewsBTC, OlympusDAO is an algorithmic currency protocol that was classified in 2021 as high risk, but with the potential to display a “countercyclical” price behavior by research firm Delphi Digital. In other words, OHM’s price could move against the general sentiment in the market. However, OHM seems to have been unable to meet its potential or at least seems to have failed at appreciating as the crypto market trends to the downside. OHM’s price action has been driven by early investors taking profits on their gains. User Freddie Raynolds identified the Ethereum transaction used by a “savage” OlympusDAO user to dump $11 million in OHM. The transaction caused a 25% slippage and $5 million in liquidations for this asset, as Raynolds reported via his Twitter account. Recorded on the Ethereum blockchain 12 hours ago, the OHM holder used decentralizaed exchange SushiSwap to swap over 82,526 OHM tokens for $11 million in DAI. The transaction was tracked down to a pseudonym holder called “el sk”, @shotta_sk, on social network Twitter. The OHM whale apparently sold part of his funds to “survive” the current crypto market conditions. Via Twitter, he claimed the following: Derisked some of my OHM to ensure my family can weather any economic outcome. Remaining risk on with the rest indefinitely. Perfect Time To Get Into OlympusDAO? OlympusDAO experienced an increase in its number of users, its treasury assets, and total value locked (TVL) during 2021. Thus, some users claimed that today’s OHM crash should be leverage as a buying opportunity. The protocol and its team behind have set out to create “the reserve currency for DeFi” with their 3,3 mechanism and the introduction of new features, including an incubator and a pro version of the platform. However, the protocol has seen a lot of criticism. Related Reading | Why this OlympusDAO’s product could be amongst DeFi most lucrative The CIO of Selini Capital Jordi Alexander published a two-part article on OlympusDAO, OHM, and its 3,3 mechanism. Therein, Alexander refers to the protocol as a “ponzi”. Addressing the possibility that his article affected OHM’s performance, he said: Only selling affects price, there’s no shorting so only whale holders can sell lots. So, you can ask them if they cared, but I imagine they were looking for an exit anyway- Price has been in a big downtrend for weeks.
By now, we've all heard about the crypto.com hack. About 12 hours ago, they tweeted that a "small number of users" reported suspicious activity on their accounts and that they would disable withdrawals for a bit, just to be safe. Just ten minutes ago, they tweeted "Update: Withdrawal services have been restored. All funds are…
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Cryptocurrencies had a dream run in 2021. From being treated as a fringe topic to becoming a potential disruptor of the traditional financial ecosystem, 2021 stood witness to the meteoric growth in the value of cryptocurrencies, as well as a significant change of momentum in terms of mainstream adoption and technological adoption. Between NFTs, metaverse, multichain projects, layer-2 scaling solutions, blockchain 3.0, web 3.0, play-to-earn games – there’s a lot that has happened in 2021. Even though it is too early to predict how the cryptoverse will evolve in 2022, several projects have already raised the bar by introducing solutions that harness the potential of the underlying blockchain technology to meet a diverse range of real-world use cases. Here are five intriguing projects across the DeFi, trading, NFT, DAO, and security sectors poised to play key roles in the crypto ecosystem’s accelerating maturation. Bridging Real-World Assets With DeFi By design, TradFi (traditional finance) and DeFi (decentralized finance) are two different worlds. There isn’t much overlap between ecosystems, except the respective challenges each faces. For instance, the DeFi market is highly fragmented, leading to liquidity problems. On the other hand, the centralized nature of TradFi makes it extremely complicated for small and medium businesses to access funding opportunities as and when needed. As the next logical step in the evolution of blockchain technology, Centrifuge has developed the first-ever decentralized lending protocol that connects real-world assets (RWA) to the on-chain ecosystem. Centrifuge is designed to connect borrowers and investors in a decentralized manner. The platform makes it extremely easy for borrowers to access financing by using their real-world assets as collateral. Concurrently, investors can diversify their exposure by investing in RWA-backed collateralized loans that have a low correlation with the crypto market. Using Centrifuge, borrowers can tokenize real-world assets for use as loan collateral from its lending dApp Tinlake. There are no intermediaries in the process, and the platform is open to all investors and borrowers. In terms of interoperability, Centrifuge is built on Polkadot and its dApp Tinlake is bridged with Ethereum, helping users leverage the DeFi liquidity of Ethereum alongside the speed and low cost of Polkadot. With DeFi 2.0 just around the corner, Centrifuge has connected two separate ecosystems and unlocked the trillion-dollar real-world asset market to drive more liquidity into the DeFi ecosystem. Disentangling The Complex Crypto Trading Onramp Even though cryptocurrencies have garnered mainstream recognition, only a handful of the global population uses them. Between the still foreign concept of digital currencies added to the many confusing CEX and DEX options, the entry barrier rises even higher. Atani, an all-in-one crypto trading platform, aims to change this in 2022. The Atani team believes that the key drivers of crypto adoption are an accessible user experience and affordability. Accordingly, the platform has developed an end-to-end solution that makes crypto trading, investing, and portfolio management easy, straightforward, and cost-effective for a broader global population. The Atani platform offers users free access to multiple exchanges, tax reporting, charting, notification management, and other valuable features. The team behind Atani has introduced a dedicated exchange aggregator that allows users to trade seamlessly across more than 20 leading exchanges like Kraken, Binance, Coinbase Pro, Huobi, and KuCoin from a single dashboard. Furthermore, the platform doesn’t add any fees on top of the transparent costs incurred from each exchange, making it a worthwhile destination for both beginners and professional traders alike. Adding More Security To The Blockchain Ecosystem In 2021, 37% of the crypto scams were using rug pulls compared to 2020, when it only accounted for 1%, highlighting that the blockchain ecosystem is in dire need of advanced security solutions. Conditions are poised to change drastically in 2022 with Avarta’s state-of-the-art on-chain identity verification and authentication service. The most distinctive feature of Avarta is its unique approach to existing security flaws in blockchain authentication. Currently, identity authentication options are either pseudonymous solutions or centralized customer identification programs, eschewing the principle of decentralization. Avarta has introduced a 4-in-1 solution for the blockchain ecosystem, including a biometrically-secure multichain wallet, an anti-bot mechanism for DEX listings, a multi-signature wallet, and a multichain and decentralized identity management with risk-based scoring. With Avarta’s military-grade security-enabled identity wallet, users exert complete control over their private keys. Plus, the platform’s cross-chain support enables users to consolidate all of their keys into a single wallet, removing the need to store multiple keys, passwords, and seed phrases. Additionally, Avarta issues an Avarta Trust Score based on each user’s on-chain transaction history. This score works just like a credit score in TradFi, but it grants users full control over how the information is disclosed to service providers. Since the entire DeFi ecosystem relies on “trust,” the Avarta Trust Score will play a key role in lowering the rate of scams and rug pulls while helping DeFi expand its dominance. Unlocking A World Of Innovative Funding Opportunities Via NFTs When the term NFT is mentioned, most people think about overly-priced digital collectibles. But there’s so much potential in NFTs that’s yet to be unlocked. 2021 saw the meteoric growth of NFTs as trade volumes shattered all previous records. And in 2022, Solv Protocol, an open and transparent allocation trading marketplace on-chain, aims to unlock a diverse range of financial use cases with NFTs. By merging NFTs with DeFi, Solv Protocol is disrupting traditional crowdfunding models. The platform recently introduced its ERC-3525 token standard, which combines the liquidity feature of the ERC-20 tokens and the descriptive attributes of the ERC-721 tokens to enable users to create complicated financial contracts easily. Dubbed Financial NFTs, this new class of NFTs leverages the newly created ERC-3525 token standard to express the multi-dimensional attributes of assets in the form of splittable NFTs. Since each Financial NFT, also called “vouchers,” combine distinct features of the ERC-20 and ERC-721 token standards, they can be split into smaller parts, helping users flexibly trade, split, merge-lock, or use them in any other manner they prefer. As a result, users can implement TradFi models on-chain using ERC-3525 tokens like vesting, convertible bonds, fixed-term deposits, and other similar options. The platform has also launched the first-ever Initial Voucher Offering (IVO) fundraising model, allowing projects to raise funds by issuing their own ERC-3525 tokens. The IVO offers more flexibility considering each “voucher” can be split into smaller parts while maintaining similar release parameters depending on the project’s tokenomics and long-term goals. Spearheading The Efforts To Build A DAO For NFT Creators The unprecedented demand and growth of NFTs in 2021 has left investors worldwide spellbound. With more and more influencers, celebrities, and renowned personalities joining the NFT bandwagon, the sales of NFTs shot through the roof. However, despite the monetary value of NFTs, the burgeoning segment is primarily driven by a few key marketplaces. These marketplaces offer creators the option to accrue royalties as part of all subsequent sales of their original work. However, these marketplaces only offer royalties to creators if sales occur on the same platform where the NFT was originally minted, limiting the earning potential of creators. To address the problem of unfair royalty distribution, CXIP, a minting-as-a-service (MaaS) platform, offers personalized smart contracts for content creators to highlight their contribution to each NFT produced through on-chain provenance. CXIP ensures that creators receive their fair share of royalties through these measures, irrespective of the platform where the NFT was sold. To improve the value proposition even further, CXIP is also airdropping NFTs to every creator who has ever minted NFTs on Ethereum. Each user can claim $CXIP Tokens and join the CXIP DAO, the largest DAO (decentralized autonomous organization) of creators globally. The CXIP DAO consists of leading artists and brand advocates like Pharell Williams, Chad Knight, Jen Stark, Daniel Arsham, Justin Aversano, and the co-founder of CXIP Jeff Gluck. Looking Ahead Towards A Bigger, Bolder, and Brighter Future For Blockchain As blockchain technology continues to mature, the projects mentioned above will play key roles in bringing new features to their respective segments, helping attract more widespread attention in 2022. That said, bear in mind that these are just a few initiatives from the long list of promising projects destined to forge the foundation of Web 3.0 and DeFi 2.0.
The ethstakers community are at ULTRA HIGH RISK !! As of 2022-01-12, the Prysm client appears to have 68.1% of the validators. A bug in that client would very quickly finalise a broken version of the chain, leaving the community with a horrible dilemma: modify the other clients (and the specification) to reproduce the bug,…
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Facebook’s embrace of the metaverse has unleashed a world of new blockchain projects that merge the concepts of virtual reality, digital worlds and cryptocurrencies. The metaverse refers to computer-generated worlds where people can don avatars, explore, interact with other users, play games, create a business, buy and sell land and other assets. Metaverses took the digital realm by storm in 2021, serving as a facilitator of social interaction, business, recreation, gaming and education, to name just a few. They have exploded in popularity and their current momentum suggests they’re going to become a much bigger part of our culture as the new year progresses. So without further ado, here’s a quick rundown of three of the most promising metaverse projects to keep an eye out for in 2022. Bit.Country The metaverse is all about creating value and human connections, and Bit.Country is doing its part by making it more accessible to everyone, regardless of their location, background and beliefs. Bit.Country is a platform that enables anyone to build their own metaverse, where they can establish their own rules and formats and bring their own cryptocurrency to incentivize and reward followers and contributors. It provides all of the tools needed to get started with a map of their 3D world, support for games, commerce, economics, digital land ownership and governance. Built upon the Metaverse.Network, which is based on Substrate in the Polkadot ecosystem, the metaverses of Bit.Country are hosted within its Continuum. The Continuum can be thought of as a map of all of the “Bit Countries”, with a limited number of coordinates and its future shape driven entirely by community members. Each new Bit Country metaverse that’s created will be placed as a new block somewhere within the Continuum. Metaverse creators can customize the style, shape and texture of their block worlds, and the space within that block can be subdivided into 100 sections that can be independently owned and traded among users. The owners, or landlords, of each section, can then place assets within them, provide services, display NFTs or run events. They can import their favorite cryptocurrency or even create their own, which can be used by community members to buy assets, pay for services or participate in community events and governance. It’s a refreshing alternative to existing metaverses such as SandBox and Decentraland, where many of the rules have already been established. Bit.Country’s ultimate goal is to create a world of perpetual communities, where metaverse worlds can grow exponentially while giving their communities multiple opportunities to participate and earn. It’s a project with a long-term vision that promises to create a new level of social interaction, with unique benefits to its users. PlayMining PlayMining is a metaverse-based play-to-earn gaming platform built by Digital Entertainment Asset that aims to transform online games by rewarding users for playing, instead of charging them money to be able to compete. While traditional mobile games are often advertised as “free to play” the reality is somewhat different. In order to gain an advantage and progress players are compelled to buy in-game items that have no intrinsic value and soon become outdated, forcing users to buy yet more items. Over time, users may invest hundreds or even thousands of dollars in a game, with no way of recouping that value. PlayMining wants to turn that dynamic on its head, creating a gaming economy that leverages blockchain, cryptocurrency and NFTs to reward players instead of encouraging them to spend. With PlayMining games, players earn assets in the shape of NFTS from their gaming activities. Blockchain-based NFTs enable real ownership of assets, meaning they can be bought and sold for crypto that can be traded for real-world money, ensuring gamers and creators are compensated for their efforts. PlayMining launched its platform in May 2020 and now hosts three hugely popular play-to-earn NFT games, including its flagship trading card battle game JobTribes, which currently ranks ninth on DappRadar’s game ranking and boasts more than 40,000 monthly active users. Other titles on PlayMining include the puzzle game PlayMining Puzzle×JobTribes and the coin-pusher game Lucky Farmer. Altogether, PlayMining claims more than two million players from over 100 countries have participated in its play-to-earn token economy and that number is set to grow in 2022 with the launch of yet more titles. The multi-task cooking game Cookin’ Burger is set to launch this spring, and will be followed by the debut of the coloring and racing game Graffiti Racer in summer. DEA’s PlayMining is an innovative project that has already shown that profitable gaming is no pipe dream. As we enter 2022, it has every chance of upending the video game industry as we know it. Syn City A massive play-to-earn game that’s well worth watching is the mafia syndicate game Syn City, which is focused on providing greater access to new users. 🚨 MAJOR EVENT UPDATE 🚨 SYN CITY auction coming soon on @CopperLaunch 👀 🏆 Copper Token Launch Auction 🏆 🗓️8th – 10th January (live for 3 days) 🔥 👇Please read the ‘How To’ Copper guide👇https://t.co/9ZAOrqtpbt#Synners will SYN 👉https://t.co/w53OQ9OQ1D 👈 pic.twitter.com/CUUqXVgwl2 — SYN CITY (@SynCityHQ) January 6, 2022 Syn City leverages the concept of tokenized game assets in the form of NFTs, which can be owned both inside the game and also in the wider metaverse. It’s similar to many traditional mafia war games, with players tasked with building up their characters and crews, gathering and managing resources, strategizing, planning raids and attacks on other gamers. Also intriguing is Syn City’s unique Mafia-as-a-DAO governance system, which lets gamers manage their own syndicates. It’s a new take on the idea of a decentralized autonomous organization, in which the community votes on proposals within their syndicates and on the game’s overall direction. It’s a system that ensures Syn City’s metaverse is transparent and provably fair. Syn City’s unique model has won it a lot of fans, with an impressive funding round of more than $8 million in 2021, followed by $3.5 million raised within just 30 minutes of the launch of its IGO on the Binance NFT platform in December, where it now ranks number one for collections.. With more than 200,000 enthusiastic mafiosos signed up so far, the Syn City metaverse looks set to take the blockchain gaming ecosystem by storm in 2022.
It’s the latest addition to a series of crypto-crowdfunding campaigns to receive increased spectator scrutiny.
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