Uniswap DAO debate shows devs still struggle to secure cross-chain bridges

Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue to exist in blockchain bridges. In the past, bridges like Ronin and Horizon used multisig wallets to ensure that only bridge validators could authorize withdrawals. For example, Ronin required five out of nine signatures to withdraw, whereas Horizon required two…

Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals

As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update. Withdrawal-Mainnet-Shadow-Fork-1 is finalizing It started out with a few issues because the config wasn’t correctly applied on geth (we disallow overriding the…

Number of devs increased during crypto winter: Electric Capital report

The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite…

Shiba Inu Devs Set To Unveil Shibarium L2 Network Beta

The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges facing the existing projects on Ethereum.  Shiba Inu Shibarium Beta Testnet Release Shiba Inu developers will only release a beta testnet version in the coming months. A testnet mimics the use cases and applications of real-world functions. Its release aims…

Shiba Inu devs to launch Shibarium L2 network beta

The developers of the dog-themed token Shiba Inu (SHIB) posted an update to inform its community about its upcoming beta release of Shibarium — a layer-2 network that will run on top of the Ethereum mainnet. In the announcement, SHIB developers shared information about layer-2 blockchains. They highlighted that Shibarium is being developed to provide a tool to allow the community to build and grow the project and fulfill its founder’s vision. While some believe creating Shibarium is a way to increase the memecoins price, the developers noted that this wasn’t…

Dogecoin devs deny rumor of immediate PoS switch following community concern

The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The repudiation came on Dec. 29, from the Twitter account of Michi Lumin, Principal Engineer for the Dogecoin Foundation. More info for ya. Influencers, even if they have millions of views and followers, even if they speak with authority, do not actually have the inside scoop on what’s going on with #dogecoin. Just because one says a validation method is…

Former Diablo Immortal devs pick ImmutableX for upcoming Web3 MMORPG

Developers behind popular video games such as Far Cry and Diablo Immortal are making use of blockchain technology to build a new Web3 MMORPG. Independent gaming developer Metaverse Game Studios, which boasts a host of developers that have worked on various AAA titles, has announced a partnership with Web3 development platform ImmutableX to continue building Angelic. The upcoming title is powered by Unreal Engine 5 and is touted as a dark science fiction-themed narrative strategy RPG featuring turn-based combat. A story-driven single player campaign and a free-to-play multiplayer metaverse suggest…

Key Indicator Signals Bottom; Ethereum Core Devs Back EIP-4844

The downfall of FTX has also left its mark on the Ethereum (ETH) price. Over the last 30 days, Ether has recorded a drop of around 20%. At press time, the price was at $1,171, just above the crucial support level of $1,100. In the short term, the ETH price has found support at $1,171. However, if the key resistance at $1,230 is not breached in the next few days, a retest of the level at $1,100 could be on the cards. Ethereum price, 1-hour-chart. Source: TradingView An important on-chain indicator…