Category: Cryptocurrency News

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Can someone explain how uniswap exactly works? I know it's decentralised unlike coinbase but what does it mean? Isn't the developer still making profits like coinbase founders? I thought eth was supposed to put uber/robinhood/coinbase out of jobs. submitted by /u/SoochinTendolkur [link] [comments]

The white hat hacker speculated that the bug might have been created from “using someone else’s code and not having a 100% understanding of what it does.”

The blockchain and cryptocurrency industry is made up of multiple disparate projects and platforms that cannot efficiently interact with one another. Today, we have a blockchain world that is in disorder, fragmented, and difficult to scale and synchronize. During the internet era of the early 90s, the internet only went mainstream and boomed when it became affordable for anyone to build websites, apps, stores, and blogs. This is exactly what the blockchain and crypto industry needs at the moment. There have been quite a few projects seeking to turn this around, but it appears Crosswise is in the lead here. The project intends to unify different chains, internet technologies, and trading tools. Crosswise aims to offer users, organizations, and enterprises a seamless platform to “plug-and-play” on an open internet. Overview of the Crosswise Ecosystem Crosswise is a next-generation, multi-chain decentralized exchange platform designed with in-built trading tools and rewards for users. The platform undoubtedly takes the trading experience to an entirely new level. Crosswise is a cross-blockchain Automated Market Maker (AMM) and Decentralized Application DApp, focusing on building a decentralized exchange (DEX) on the Binance Smart Chain. The team plans to integrate Polygon, Polkadot, COSMOS, chains just to mention but a few. Crosswise combines security, usability, vision, and stability to build an advanced interoperable ecosystem. With cross-chain capability, users can interact with blockchain-based assets using custodial or non-custodial wallets. This is done with user-friendly, secure, and premium trading tools. It is integrated with tight security, a friendly user interface, cross-chain hybrid smart contracts, verified listings, and the right tools perfectly designed for the trade. The DEX is a platform-as-a-service built for the exchange of crypto assets on a blockchain network. The decentralized finance (DeFi) market is relatively new and full of untapped utility. Every DEX’s success depends on the platform’s functionality, portfolio tracking, efficient and effective trading tools, and native coin stability. Ensuring and fine-tuning all these essential areas is the fundamental mission of the Crosswise platform. Features of the Crosswise Platform ●    The Launchpad The Crosswise incubation and launchpad program aids budding entrepreneurs in launching their projects on the Crosswise DEX. The launchpad of the Crosswise multi-chain ecosystem helps these budding entrepreneurs to expand their user-base and gain access to more funding from potential investors. ●    Next-generation technology The Crosswise multi-chain platform is designed with advanced technology and trading tools that make trading seamless for users. Its top-notch IT infrastructure offers users the best security, compatibility, uptime, and premium tools. The platform also provides users with premium customer support and a ticket system. ●    Premium user experience and tools Crosswise is designed with excellent tools like DEX Order Book, Analytics, Explorer, Price Charts, Account stats, Affiliate Areas, and clean UI for a smooth trading experience. Crosswise Tokenomics and Presale The maximum supply of the $CRSS token is 50,000,000, no team tokens, and 8% of the emission goes to the Dev Wallet. On the other hand, half of the rewards (50%) given for liquidity farming and pools will be in $XCRSS. This will be linearly vested into $CRSS in 5 months, while 20% will be unlocked every month. The XCRSS token is used as a farm reward to incentivize users to stake in the platform, while the CRSS token is the utility token that powers the platform. Crosswise pre-sale starts October 27, 2021 (just 11 days from now). You can register for the whitelist here and stay updated about the upcoming project. For more details about the project, read the litepaper or join the online community on telegram, Twitter, and Medium.    

Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up where NFTs can be minted, the majority of it still happens on Ethereum. This is why investors have flocked towards non-fungible tokens minted on the blockchain. Its growing popularity has led to some striking similarities with the pattern of holding seen in cryptocurrencies. For example, the same way whales are a thing in cryptocurrencies, there are also NFT whales, and new data coming out of the market shows that whales are dominating NFTs the same way they dominate cryptocurrencies. Related Reading | Five Hidden Gems in NFTs – Well, Not Hidden Anymore Whales Take The Lead On NFTs Moonstream published a report on Github analyzing the movement of non-fungible tokens over the past six months. This time period has been very significant in the growth of the NFT space and the report had some interesting findings. It found that over 80% of all non-fungible tokens are held by only 17% of wallets. Leaving less than 20% of NFTs for the rest of the market. NFT platforms, exchanges, and most importantly, whales, have been grabbing up non-fungible tokens at an increased rate over the past six months, putting them at an advantage over the rest of the market. This is mirroring the cryptocurrency market which shows similar figures for volume held by whales and smaller investors. Moonstream analyzed over 7 million NFTs transactions for the past six months on the Ethereum blockchain. This analysis led to the conclusion that the remaining 83.29% of the NFT market holds only a handful of it. Creating Room For Nuance The data presented in the report included NFT platforms where investors buy and sell their NFTs. It is important to note that since these platforms also offer storage services, NFTs being stored on the platforms are factored into this. Small-time NFT investors could very well decide to leave their acquisitions on these platforms to enable them to sell easily, much like cryptocurrency investors leaving their assets on exchanges in order to move very quickly with the market. Related Reading | CryptoDragons: A Unique NFT Project With Entertainment and Earning Elements In the report, Moonstream explains that more nuance is needed in the interpretation of the data presented, “as many of those owners are marketplaces and clearinghouses lie OpenSea, Nifty Gateway, and other platforms of the same ilk.” Nevertheless, just like in any market, there are always stark inequalities. A small percentage usually controls the largest market share and given the barriers to entry in the non-fungible token market, small-time investors will control an insignificant portion of the market. Featured image from Forbes, chart from TradingView.com

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