Tag: Devs

Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks

The core blockchain-based software, or “smart contracts,” that power Tornado Cash also remain possible to use on Ethereum. However, using these smart contracts is technically illegal in the U.S., and key blockchain infrastructure providers like Infura and Alchemy – used by many of the apps that interface with the Ethereum blockchain – have censored access to the Tornado Cash app in accordance with the sanctions. Source

Shiba Inu devs unveil Shibarium scaling plans amid technical challenges

Shiba Inu (SHIB) developer Kaal Dhairya has outlined strategies and plans for scaling operations on Shibarium in response to the network’s growing traffic bottlenecks.   Dhairya recently provided insights into the platform’s technical issues after the Polygon-based network experienced an unexpected surge in traffic. This led to the identification of thousands of contract creations and normal transactions within a single block.  As a precautionary measure, Shibarium entered fail-safe mode to secure user funds. To address these issues, Kaal says he’ll collaborate with knowledgeable partners, including other developers and the so-called “Unification…

Ethereum validators may have to stake 64X more ETH, devs discuss

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Ethereum core developers plan to implement a 64-fold increase in the minimum amount of staked Ether (ETH) required to become a validator, from 32 ETH to 2048 ETH. The proposal was made during a June 15 Ethereum core developer consensus meeting by Ethereum Foundation researcher Michael Neuder. The researcher noted that although the current limit of 32 ETH allows more validators to join the Ethereum network, making it more decentralized, it also leads to an inflation of the validator set size. Neuder added that such a large increase would ultimately help…

10 industry insiders’ tips for devs who are new to blockchain coding

Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers. However, devs who are used to being “tech gurus” may hesitate at the threshold, uncertain where to begin their professional journey with blockchain. And there’s no doubt there’s important homework to be done before leaping in. Below, 10 members of Cointelegraph Innovation Circle share some tips for curious…

The gamble of crypto airdrop hunting and what it means for blockchain devs

In the crypto space, the term “airdrop” refers to the unsolicited distribution of tokens, usually for marketing purposes or as a reward for network participation or contributions. The first recorded crypto airdrop took place back in 2014 when Auroracoin handed out its native cryptocurrency, AUR. Another well-known airdrop was that of decentralized exchange Uniswap, which gave its UNI (UNI) governance token to its users in 2020. In total, over 250,000 accounts received 400 UNI each. While airdrops may have encouraged some to be more active on blockchain networks, Chris Bradbury,…

Midjourney, other AI devs strike back in court, claiming their material is not similar to artists

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Midjourney, Stability AI and DeviantArt issued a response on April 18 to a group of artists who accused them of extensive copyright infringement. The artists claimed that these companies had used their work in generative artificial intelligence (AI) systems without proper authorization. The companies filed their motions in a San Francisco federal court seeking the dismissal of the proposed class action lawsuit brought by the artists. They contended that the AI-generated images were dissimilar to the artists’ work and that the lawsuit lacked specific information about the allegedly misused photos.…

Devs aim for fair governance by changing the voting system

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Move-to-earn app creator Sweat Economy is set to let its users decide on how to spend almost $1 million worth of tokens earned as fees and revenue through a governance vote with a twist.  According to its announcement, the project will allow users to vote on how much of the tokens will be burned and how much will be given as a reward for users who staked their tokens. However, instead of the common mechanism that counts one token as one vote, which favors those holding more tokens, the voting…

‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

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Ethereum validators will soon be able to withdraw their Ether (ETH) from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12. Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12, Ethereum core developers confirmed. The withdrawals will be enabled by Ethereum Improvement Proposal EIP-4895 by “pushing” staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), otherwise known as the execution layer. It’s happening Shapella is scheduled on mainnet for…

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the…

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

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Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a post published on March 24, about a month after Coinbase launched Base, a network that is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the onchain economy…