Tag: Developer

Developer Hails ETH Burning, Will Ethereum Break $3,000?

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Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between validators and regular users.” Developer: EIP-1559 Is A “Great Equalizer” Since the implementation of EIP-1559, Ethereum adjusted how users bid gas fees, introducing the “base fee,” which was burned or sent to an irretrievable wallet. So far, data from Ultrasound Money shows that over 3.9 million ETH have been destroyed. In the last week alone, the Ethereum network…

Blockstream’s Ava Chow, Bitcoin Core Maintainer, Explains Why She Shut Down Developer Dashjr’s PR

The PR was additionally locked since all it was doing was generating noise. Bitcoin Core uses GitHub for code collaboration and it is essentially the developers’ place of work. When someone makes a bold claim on twitter that angers people, and then encourages them to leave comments on GitHub, they end up disrupting the developers. These comments often contain accusations of bad faith, poorly informed statements about the code, and demands for the developers to make major changes, which drag the developers into arguments in order to defend themselves and…

Bitcoin Developer Luke Dashjr Foiled in Proposal to Filter Out Ordinals Inscriptions

The developer known publicly as Luke Dashjr, who has worked on Bitcoin for over a decade, created the proposal in September. The move came just months after the appearance of Ordinals, a protocol that allowed users to “inscribe” data onto the blockchain, such as NFTs or the specifications for new tokens. The Ordinals project quickly became so popular that it caused congestion on the network. The Bitcoin-based NFTs – previously only available on other blockchains, like Ethereum – have proven valuable in their own right, with a trio of “BitcoinShrooms”…

Bitcoin Price Omega Candle “Very Real” Says This Developer, Here’s Why

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The Bitcoin price saw a spike in volatility due to the decision around the spot Exchange Traded Fund (ETF). Market participants await an announcement at any point during the upcoming days, which will likely result in further spikes in volatility. As of this writing, the Bitcoin price trades at $43,900 with a 1% profit recorded over the last 24 hours. Over the previous seven days, the cryptocurrency records a 3% increase, acting as the best-performing asset in the crypto top 10 by market cap. BTC’s price trends to the upside…

Developer asks community not to underestimate Bitcoin Ordinals

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Famous Bitcoin (BTC) developer Udi Wertheimer advocated for the adoption of Bitcoin Ordinals, despite widespread industry criticism. In a post on X, Wertheimer noted that many people reject the concept of Bitcoin Ordinals. However, he supported the adoption of Bitcoin Ordinals and opposed those who have sought to eliminate them. HOW TO KILL ORDINALS I’ve been contacted by multiple laser-eye maxis, and some bitcoin developers, who tried to understand “what’s going on” and “how can we stop this”. Here’s my advice. 1. Start using it. The number 1 issue you…

Ledger attack shows company ‘learned nothing’ after multiple breaches: ENS developer

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Crypto community members have posted their responses to the Ledger Connect Kit exploit that affected multiple decentralized applications (DApps) across the Web3 space. On Dec. 14, a hacker attacked the front end of multiple DApps using Ledger’s connector. The exploiter breached major apps such as SushiSwap, Phantom and Revoke.cash and stole at least $484,000 in digital assets. Ledger announced that it had fixed the problem three hours after the initial reports about the attack. The firm’s CEO, Pascal Gauthier, said it was an isolated incident and noted that they are…

Web3 chess game developer shutters play-to-earn due to ‘heavy cheating’

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Developers of the blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible token (NFT) features due to rampant cheating. According to the Dec. 13 announcement, while developers continue to build Immortal Game as an online chess hub and may incorporate further decentralized technologies in the future, its goal of “giving a real opportunity for people to earn an income through chess” through Immortal Game has failed. “We found that by offering large amounts of cash with no limit barrier to entry, we encouraged heavy…

Bitcoin Vulnerability Discovered By A Developer Has Been Flagged By The US Government

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  Last week, a Bitcoin developer Luke Dashjr raised alarm about a possible vulnerability in the network in relation to the Bitcoin Ordinals that could lead to a code exploit. After posting his findings to social media, Dashjr’s warnings were not taken seriously as community members believed it was a non-issue. However, the US government seems to be taking the vulnerability seriously, adding it to its vulnerability database. Dashjr’s Finds Vulnerability In Bitcoin Network Dashjr had first raised alarm about the bug in the Bitcoin network on December 6 through…

Bitcoin developer deems inscription a technical exploit

In a Dec. 6 article, William Casarin, founder of Nostr Damus and a Bitcoin Core and Lightning Network developer, asserts that inscribing data as Bitcoin script program data is a technical exploit, emphasizing that Bitcoin is not designed for data storage. Showing solidarity with Bitcoin developer Luke Dashjr‘s perspective of inscriptions being a bug, Casarin underscores the broader implications of this issue, tying it to the overall health and decentralization of the Bitcoin network. Data and preferential treatment As part of the release titled “Why Inscriptions are an exploit,” Casarin calls out…

Bitcoin Core developer calls Ordinals ‘fraud,’ announces fix

With a new set of upgrades, Bitcoin Core developer Luke Dashjr hopes to put an end to BRC-20 tokens as well as Bitcoin-based NFTs. The Bitcoin (BTC) network is about to undergo a set of upgrades, which are expected to essentially put an end to BRC-20 tokens as well as non-fungible tokens (NFTs) known as Bitcoin Ordinals minted on the network. In an X post on Dec. 6, 2023, Bitcoin Core developer Luke Dashjr said that a loophole in the Bitcoin blockchain made it possible for users “to spam the…