Tag: Devs

Lightning devs must ‘wake up’ and fix security bugs, not please VCs: Bitcoin dev

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Developers working on the Bitcoin layer 2 Lightning Network have become less security-oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer. Bitcoin core developer and security researcher Antoine Riard, made headlines last month after leaving the Lightning ecosystem over concerns about a new attack vector called “replacement cycling,” which exploiters could potentially use to steal funds by targeting payment channels. How does a lightning replacement cycling attack work? There’s a lot of discussion about this newly discovered vulnerability on the mailing lists, but the actual…

Blockchain devs expect complications from EU smart contract kill switch

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The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.” In a Nov. 9 press release, the parliament announced that the legislation was passed with 481 votes in favor and 31 against. The next step for it to become law is to gain the approval of the European Council. In its current form, the Data Act stipulates…

15 crypto leaders’ tips for devs moving from Web2 to Web3

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Professionals navigating the tech industry have seen more than their share of ups and downs recently. The employment environment has swung from talent shortages, with companies of all sizes scrambling to land and keep tech talent, to rounds of layoffs at industry giants like Amazon, Google and Microsoft. Forward-looking developers may well decide it’s time to stop focusing on Web2 companies and products and start learning the ins and outs of the burgeoning Web3 world. While crypto companies are eager to welcome the next generation of Web3 devs, the process…

Floki up 13% as devs launch RWA platform

Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum…

Rug pull feared as Safereum devs reportedly unlock and dump native token

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The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising. According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the supply of the token and dumped more than 600 Ether (ETH) worth of its holdings, causing the price of the Safereum (SAFEREUM) token to plunge more than 94%. #CertiKSkynetAlert We can confirm that @Safereumio has…

Starknet and zkSync buck trend as crypto ecosystems shed devs by 28%

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Ethereum layer-2 scaling solutions Starknet and zkSync are among the few platforms to have increased their total monthly active developer counts over the last 12 months, data shows. While Starknet and zkSync only recorded increases of 3% and 6% respectively, the likes of Ethereum, Polygon and Solana saw their counts fa by 23%, 43% and 57% respectively over the same timeframe, according to an updated developer report by Electric Capital, which provided data up to Oct. 1. Total monthly active developers fell 27.7% from 26,701 developers to 19,279, reflecting a…

Ethereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs

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Ethereum developers launched a new testnet on Sept. 15. Called “ Holešky,” the network is expected to be used for staking, infrastructure and protocol-development, according to its developer documents. Sepolia will remain the dominant network for application development. Hello Holesky, Ethereum’s Newest Testnet Read details below#cryptonews #ETH pic.twitter.com/Z6DUMkOExz — Amy Kols Network (@Amyykols) September 14, 2023 An initial supply of 1.6 billion Holesky testnet Ether (HETH) will be allocated to validators on Holešky’s launch day to bootstrap the network into operation, according to Ethereum developer Tim Beiko. This represents ten…

Ethereum Core Devs Greenlight EIP-7514: Impact On ETH Price

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Ethereum Core Developers have officially approved EIP-7514 for inclusion in the upcoming Dencun upgrade which is slated for late 2023. This Ethereum Improvement Proposal (EIP) primarily aims to decelerate the growth rate of ETH staking, thereby providing the Ethereum community additional time to craft an improved validator reward scheme. The main modification brought by this EIP is setting the Max Epoch Churn Limit, the validator activation queue upper limit, to a constant value of 8. Previously, the churn limit was calculated by taking “The total number of validators/65536,” which at…

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

PUBG meets Cosmos Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain project specifically designed for the creator economy. Settlus aims to provide content creators with a payment platform that streamlines transparent settlement processes. The South Korean gaming giant’s project was announced at the Korea Blockchain Week’s Circle Hacker House event, co-presented by Circle and AngelHack. Circle CEO Jeremy Allaire highlighted PUBG’s large user base of 30 million monthly active users. Cosmos’ software development kit will serve as the framework, and network gas…

Coinbase CEO reveals top 10 crypto ideas he’s urging devs to work on

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Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto’s future, sharing hopes that developers can use the bear market to take them to the next level. On Aug. 30, the Coinbase boss shared his vision of a crypto future in a company blog post and presentation — sharing the concepts he believes have the potential to make it in the digital asset industry. “I decided to share my 10 top ideas with the hope that someone goes out and builds them,” he…