The post Will This Move By Tether Jeopardize The Crypto Market’s Incoming Bull Run? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The crypto market’s crash in the recent past has been terrifying for the folks from the crypto sphere. As digital assets across the charts have exhibited double-digit losses. Billions from the market cap of the industry have gone Houdini. Which is currently at $2.3 trillion from the sky-high peaks of $3 trillion a couple of …

Indian banks have reportedly been slow to accept the Supreme Court’s decision allowing them to do business with crypto firms.

The post Terra’s Beast Mode Appears To Have Faded! What’s Next For LUNA Price? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The crypto space experienced a massive slash in the past weekend. And since then most of the assets are attempted to regain the lost momentum. Being out of the crowd, Terra (LUNA) price smashed through the barriers and formed a new ATH. Woefully, the asset is currently witnessing a notable dump, but a substantial rebound …

Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks.

ChainSwap, a cross-chain asset bridge & application hub for smart chains, launched its cross-chain bridge aggregator today. The initial version of ChainSwap Cross-chain Bridge Aggregator integrates three leading bridge solutions, namely Poly Bridge, Multichain, and AnySwap. More bridges are expected to be supported by the aggregator. ChainSwap’s final goal is to integrate all cross-chain bridges available on the market and become the go-to platform for cross-chain solution seekers. Why a Bridge Aggregator: Current Challenges Imagine that you want to transfer a token from ETH to BSC with a decentralized cross-chain bridge. Currently, there are a few challenges. First, you need to research which bridge supports the token on both chains. Second, you need to choose which bridge provides the best deal with the lowest slippage and transaction fee, on top of other information such as estimated bridge duration time. In order to do that, you have to spend time comparing all the currently offered bridge solutions. This is difficult and time-consuming as the currently offered bridge solutions do not have a common interface, this is where the Chainswap bridge aggregator comes in. Market Analysis According to Dune Analytics, the current combined TVL of Ethereum bridges is $26.65 billion as of Dec. 1, 2021, up by +100% from only 2 months ago. This data tracks the 17 leading Ethereum bridges and is demonstrating an ever-growing trend. Ethereum Bridges TVL There are a number of main cross-chain solutions currently available on the market, including Cambridge, Hop, Binance Bridge, Terra Bridge, Anyswap, Allbridge, Renbridge, Xpollinate, Polynetwork, etc. More cross-chain projects are expected to emerge in the future. Different projects adopt different approaches We have centralized ones V.S. decentralized ones; cryptographic algorithms V.S. trusted devices; multiple steps V.S. simple one-click. Each cross-chain solution has its pros and cons. But in terms of the overall structure, all of them are based on these five elements: source chain, source token, destination chain, destination token, and sender. When it comes to EVM-based cross-chain solutions, we also have a Source Mapping contract and a Destination Mapping contract. ChainSwap’s Cross-Chain Aggregator Solution ChainSwap’s ultimate goal is to create an aggregator platform that integrates all cross-chain solutions and allows users to enjoy the margin of these projects combined through the unified interface that we provide, thus making the cross-chain experience more convenient and effective. This ultimate goal will be rolled out in steps and the first step has just been completed through the integration of Poly Bridge and Multichain. Support for other bridges such as AnySwap and Wormhole, is already under development and is expected to go live shortly. The entire aggregator solution is presented in the form of one interface. Users first select the Source token they wish to transfer cross-chain, then the source chain, destination chain and enter the amount they wish to transfer. The platform then presents the user with a list of all cross-chain projects that can provide this service. Once selected, the cross-chain transfer can be done with one click.

Web3 promises to break us free from the centralized mega-corporation dominance of the Web2 generation, opening up a plethora of decentralized, peer-to-peer use cases that leverage the potential of the internet of value. While Web3 adoption has so far centered around DeFi, NFTs, and more recently GameFi, social media and data storage are also ripe for decentralization as SocialFi sets up to potentially become the next big thing. Building a Decentralized Reddit and Data Portal for Web3 Applications myMessage is the world’s first-ever decentralized Reddit-like social media and data storage platform, supporting evolving Web3 applications including a thread-reply bulletin board, messaging dApp, developer tools, SDKs, and encrypted data portal. The myMessage data storage and messaging dApp solutions are initially being built on the Zilliqa blockchain, taking advantage of its speed, throughput, and low-fee decentralized network to meet requirements. Further interoperable multi-chain integration across Avalanche and Binance Smart Chain (BSC) will then follow. The decentralized messaging dApp as well as a Reddit-like thread-reply bulletin board will be built on Polygon’s scalable layer 2 blockchain technology, after being awarded a Polygon Development Grant. Overcoming the Problems of Centralized Social Media and Data Storage The centralization of mainstream data storage and social media is a significant pain point, leading to censorship, privacy abuses, and security breaches, with an economic imbalance that strongly favors the platforms. myMessage’s solution is to use decentralized social media, storing AES256 encrypted data and content permanently on a blockchain with quantum-attack-resistant security. Data stored on a blockchain is immutable, transparent, timestamped, and void of risks to hacking, tampering, or loss due to its decentralized nature. The tokenization of value on blockchain also provides a medium for incentives that return proprietary rights and profits to the users. Data Storage and Messaging dApp In contrast to centralized cloud storage solutions with hefty costs on annual contracts, myMessage only costs approximately $0.10 per message, depending on its size. This works via a smart contract on one of the myMessage supported networks and a front-end app that interacts with it. Users type a message or attach a file, encrypt it if necessary, and send it to the network, paying the corresponding fee in native MESA tokens. They can then view or retrieve their information at any time for free. As almost anything digital can be securely stored on a blockchain, myMessage opens up several use cases including encrypted messages for private information, verifiable legal documents, NFT artwork and other intellectual property, crypto, patents, or digital asset storage. Reddit-like Bulletin Board and Social Farming The Reddit-like thread-reply bulletin board will be a bridge for users to communicate, encrypt threads, and transfer data in a decentralized way, recovering the rights to, control over, and value of their data produced by socializing online. All users can connect their Web3 wallets to access the myMessage bulletin board. It is privacy-preserving in that all users can access data without risk of being exposed or traced. Users will also be able to enjoy farming rewards simply by socializing on the platform, and can pay in native MESA tokens to start private threads, post replies, comment, or like. They can also tip other users in MESA tokens when they see good replies and comments. MESA Token Utility Beyond its use as a payment medium for fees, tips, and social farming rewards, MESA is also used for governance, staking, and deflationary buy-backs, with a total capped supply of 5 trillion tokens. Holders of MESA can participate in DAO proposals and vote on the future direction of the platform. Stakers are offered staking rewards for providing liquidity and platform revenue will also partially be used for MESA buy-back and burns. What’s Next? The MESA public sale, token launch, and DEX listing is expected to take place by the end of the year, alongside staking services, a top-tier CEX listing, and Avalanche integration. The 2022 roadmap is then set to deliver multi-chain integration with BSC and Polygon, a mobile app release, and developer tools in the run-up to full mainnet launch.  

A bug in the token lending contract of the Solana Program Library (SPL) was recently found and fixed by Neodyme, a security auditing firm. The bug, that was discovered a couple of months back, could have affected several decentralized finance protocols holding more than $2 billion in total value locked (TVL). Their team identified the […

The emerging demand for digital assets continues to increase in the finance industry with the boom of blockchain technology. The technology has become a more stable version with enterprise-level blockchain applications launched. However, there are still current challenges to established blockchain networks. Smartlink is one of the blockchain projects with the goal to make the […]
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