Author: Crypto News Live
As the focus turns toward web3, scalability is becoming a challenge for blockchain networks, preventing them from matching traditional financial systems. Advanced cryptographic techniques, such as zero-knowledge proofs (ZKPs) and scaling solutions like ZK rollups, are emerging as key solutions. Zk rollups involves bundling thousands of transactions off-chain, reducing the main blockchain’s data load while offering a high level of privacy and faster finality times. Experts like Vitalik Buterin believe it could become central to blockchain scalability strategies. The Ethereum co-founder has penned several pieces explaining his vision about rollups to scale Ethereum, which has been plagued by network congestion…
Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address. This provides flexibility to fix bugs or add features but also introduces potential risks.Smart contracts, self-executing agreements on blockchain networks, traditionally operate as immutable code once deployed. This immutability is a cornerstone of trust in blockchain technology, ensuring that contract terms cannot be altered unilaterally. However, the inability to modify contracts post-deployment can pose challenges, mainly when bugs are discovered or improvements become necessary.Proxy-upgradeability in smart contractsProxy-upgradeability addresses this limitation by introducing a two-contract system. A proxy contract stores…
Most short-term traders experienced losses and would be eager to exit their positions in case of a price bounce. The $2.8k level is likely to be revisited as support, but it is unclear if the bulls can hold on thereafter. The Ethereum [ETH] flow from exchanges took a turn recently and strayed deep into negative territory in June, but this has not turned out the way investors were hoping it would. Instead of appreciating, the prices continued to drop. Bearish sentiment was prevalent in the market, as seen by the price drop below $3k. This psychological level is likely to…
Ubisoft, the French AAA game developer, has recently announced a partnership with Double Jump.Tokyo, a Web3 gaming company, to accelerate the implementation of Web3 elements in their games. As a first step, Double Jump.Tokyo will issue NFTs for Champion Tactics, a game still in development, on top of Home Verse, an Oasys L2 structure with zero gas fees. Ubisoft Teams With Double Jump.Tokyo to Bring Web3 Elements to Its Games Ubisoft, a France-based AAA gaming publisher and developer, is pushing its Web3 and blockchain agenda. Last week, the company inked a partnership with Double Jump.Tokyo, a developer specializing in Web3…
Hong Kong-based crypto exchange HashKey has announced the launch timeframe for its own Ethereum layer-2 solution called HashKey Chain. Hong Kong’s largest licensed crypto exchange operator, HashKey Group, has announced the launch period for its Ethereum layer-2 solution dubbed HashKey Chain. In an X post on Jul. 8, the X account behind the project revealed that the network’s mainnet is scheduled to be launched in Q4, without providing a specific launch date. Coming soon！ pic.twitter.com/BPHNAvZmgP — HashKey Chain (@HashKeyChain) July 8, 2024 You might also like: Hong Kong’s HashKey Group becomes unicorn with $100m funding The HashKey Chain network will…
TL;DRTwo key narratives (Germany selling BTC and Mt. Gox repaying creditors) caused the market to dump, but there’s not much liquidity left to be swept below current prices, so the market should stabilize over the coming week(s).Full StoryIf you’ve ever seen Chevy’s uncle Frank eat scallops, you’ll know it’s a sight to be seen.At every turn you’re thinking “There’s no way he can inhale another plate” — but alas, Frank always finds room…until his wife Miriam inevitably has to step in, tell him he’s embarrassing her, and waddle him to the car.Watching the crypto market dump over this past week…
The Celo Foundation is thrilled to announce the successful launch of the Dango Layer-2 testnet, marking a significant milestone in cLabs’ efforts to integrate Celo’s blockchain with Ethereum. The launch invites developers to start testing the updated code on this new fork of the Alfajores testnet. 📣 Breaking #CEL2 News: the Dango Layer 2 testnet is now live! 🍡Ahead of EthCC 2024, @cLabs successfully launched the fork of Alfajores testnet, inviting developers to start testing the updated code🧵 Keep reading for the key benefits & details! ↓ pic.twitter.com/QJgg2RN33y — Celo 🦇 🌳 (@Celo) July 7, 2024 Dango Layer-2: A New…
Legend of Arcadia (LOA) Season 2: Grandia World Tour continues the innovative play-to-airdrop (P2A) campaign that was highly successful in Season 1. Arcadia Rune Quest, the first season of the mobile card-based RPG Legend of Arcadia, laid the foundation for Season 2. This campaign rewards players for their engagement and achievements within the game. By leveraging blockchain technology, LOA enhances the gameplay experience, allowing for real-time PvP modes and strategic elements that are both immersive and rewarding. Players can trade highly composable NFTs, engage in battles, and earn rewards through their strategic prowess.Grandia World Tour OverviewDiscover the New Play-to-Earn OpportunitiesSeason…
Ethereum ETFs were gaining much popularity in the United States. ETH was down by 12% last week, but a few market indicators hinted at a trend reversal. Ethereum [ETH] has been facing multiple price corrections over the past month. This happened at a time when its much-awaited ETH ETFs launch was drawing in. Therefore, let’s take a look at what’s going on with ETH to find out whether its launch would benefit the king of altcoins and allow it to outshine Bitcoin [BTC] in the coming days. Ethereum ETF hype isn’t enough? Investors and the crypto market as a whole…
The official version of the Tomarket Drop Game is now live, marking a significant milestone for Tomarket. This Tap2Earn game allows users to interactively earn $TOMATO tokens at no cost, offering a unique and engaging experience in the world of crypto trading. The game’s official launch has been met with enthusiastic reception, reflecting a well-executed market entry. Within a short period, the game has amassed over 200,000 users, highlighting its immediate success and the effectiveness of the promotional efforts. This rapid user acquisition underscores the game’s appeal and strategic marketing.During the launch event, users have been actively participating, accumulating $TOMATO…
