Author: NBTC
Vitalik Buterin recently discussed a technology that could significantly enhance Ethereum’s main network. This technology involves switching Ethereum’s current system to “Verkle trees,” making the network more “zk-friendly” — in other words, more compatible with zero-knowledge proofs, which are methods of proving knowledge of some information without revealing that information itself. Buterin points out the current limitations with “keccak Merkle Patricia trees,” part of Ethereum’s underlying structure. The main issue is the enormous “witness sizes” — the amount of data needed to prove a transaction — which can be up to 300 MB. Such sizes are impractical for processes that…
Avail, a closely watched blockchain data-availability project currently running on a test network, is sketching out the eligibility criteria for a token airdrop – a move that would follow in the footsteps of the rival data project Celestia, whose own token has gained a market capitalization of more than $1 billion. A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a “leak.” A project spokesperson said that the Avail team was not available to…
Kris Marzsalek, CEO of cryptocurrency exchange Crypto.com, recently shared his views on the current state of the Bitcoin market. In an interview with CNBC’s Squawk Box, Marzsalek said he believes Bitcoin’s recent price correction is a ‘healthy’ part of the market cycle. Since last year, Bitcoin price has increased by more than 150%. Marzsalek attributes this rise mainly to inflows into Bitcoin ETFs: “This is a very successful product. “There is a supply problem, so this needs to be reflected in the price.” The price of Bitcoin recently fell from its all-time high of around $73,000 to around $65,000. Marzsalek…
Shiba Inu (SHIB), recognized for its expansive initial token issuance, is on a mission to mitigate the abundance of circulating tokens via a method known as “burning.” This deliberate action effectively renders SHIB tokens unusable, permanently eradicating them from the supply with the aspiration of enhancing the value of the remaining tokens through induced scarcity. To accomplish this, Shiba Inu has adopted two primary approaches for token burning: Manual Burns: In this method, both the Shiba Inu community and its developers have the liberty to send SHIB tokens to a designated “burn wallet.” This wallet, while publicly accessible, lacks a…
As Ethereum, the second largest cryptocurrency by market capitalization, experienced a rapid price decrease, a fascinating development emerged: Ethereum whales began to accumulate massive amounts of ETH, showcasing a strategic play in the face of uncertainty. The term “whale” is used to describe individuals or entities that hold a significant amount of a cryptocurrency, and their recent action in the wake of a broader market downturn has prompted attention and speculation across the crypto community. As the Ethereum price sharply fell to lows of $2,850 on April 13, on-chain data captured a strategic accumulation made by an ETH whale or…
Octavian Studios, known for its veteran team drawn from top industry giants like EA, Ubisoft, and Bandai Namco, is gearing up to redefine gaming with its latest venture, “The Fabled”. This promising title is designed to blend the deep, engaging combat of Dark Souls with the rich storytelling akin to Skyrim, all powered by the cutting-edge web3 technology provided by Immutable. Revolutionizing Gaming with The Fabled “The Fabled” is not just another addition to the gaming universe. It is a culmination of intense gameplay, meticulous world-building, and gripping narratives. Set for a Q4 release this year, the game has been…
In a recent post on the X social media network, Galaxy Digital CEO Mike Novogratz called attention to a recent post by Reddit co-founder Alexis Ohanian, in which the former describes the potential convergence of artificial intelligence (AI) and blockchain. According to Ohanian, one technology is creating “an indisputable need” for the other. He explains that the internet is currently inundated with images that are generated with the help of AI. In fact, a 2023 study shows that 150 years worth of images were created in the span of just a single year with the help of such text-to-image generators…
Bitcoin (BTC) is currently navigating volatile waters, hovering below the $70,000 mark, with analysts highlighting parallels between the current price movement and historical patterns observed before halving events. Notably, the market is anticipating the upcoming halving event, widely regarded as a bullish signal for Bitcoin’s long-term prospects. In terms of the anticipated price trajectory, crypto analyst Rekt Capital cautioned investors to brace for potential extended losses in the coming weeks, as indicated in a post on X (formerly Twitter) on March 17. According to the analyst, Bitcoin is on the verge of entering what he termed the “danger zone,” historically…
A crypto trader made millions of dollars in profit on a Solana (SOL)-based memecoin in a matter of weeks, according to the digital asset tracker Lookonchain. Lookonchain notes that the trader spent 3,100 SOL worth $530,000 to buy 12.08 million Jeo Boden (BODEN) two days after BODEN went online last month. BODEN is a new memecoin built on Solana. On April 6th and 9th, the trader sold a total of 9.08 million BODEN for 23,758 SOL worth $4.06 million, realizing a profit of 20,659 SOL ($3.53 million). The crypto trader still holds 3 million BODEN. With the memecoin trading at…
After a nearly four-year wait since the initial proposal, Ethereum (ETH) developers are gearing up to include EIP-3074 in Ethereum’s update, codenamed Pectra, scheduled for release later this year. EIP-3074 promises numerous user experience improvements on traditional wallets by enabling the delegation of certain functions to smart contracts. In this way, according to the statements, it opens the way for capabilities such as mass approval of transactions, gas payment in various ERC20 altcoins, advanced security, account recovery and more. However, the upgrade removes full account abstraction as the authorized wallet cannot initiate transactions. “All things considered, the teams were in…