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Polygon, an Ethereum-oriented layer 2 upgrading service, has delivered the Miden Alpha Testnet as a zk platform targeting builders. Through this, users will be provided with the option of producing proofs about their state transformations. Miden helps improve privacy factors for builders, making way for increased output applications. Polygon is reaching out to builders to …

Polygon unveils Miden Alpha Testnet: Boosting ETH app development

Ethereum sees highest network growth in 19 months. New wallet addresses signal strong, growing interest. Continue Reading: Ethereum Network Activity Surges as Wallet Addresses Increase

Ethereum Network Activity Surges as Wallet Addresses Increase

In a bid to streamline and enhance the user experience of cryptocurrency wallets on the Ethereum network, developers have proposed Ethereum Improvement Proposal 3074 (EIP-3074). This latest initiative aims to address common pain points faced by users when interacting with Ethereum wallets, offering potential solutions to improve accessibility, security, and functionality. EIP-3074 adds new capabilities …

Ethereum developers launch ‘EIP-3074’ to improve Crypto Wallet UX

Sui, the year-old Layer-1 blockchain darling, is facing a harsh reality check. While celebrating its first anniversary on May 3rd, 2034, the network finds itself embroiled in a controversy surrounding its tokenomics, the design and distribution of its cryptocurrency, SUI. Related Reading: Is Avalanche About To Blow? Don’t Miss This Potential Breakout – Analyst SUI Supply: Cause for Concern? The fire was ignited by Justin Bons, founder of Cyber Capital, who tweeted concerns about the SUI token supply being overly concentrated in the hands of the founders and early contributors. Bons pointed to a potential 80% allocation – 160 million out of a total 10 billion – going to Mysten Labs, Sui’s creator, and another 600 million earmarked for “early contributors,” raising eyebrows about potential centralization. 1/16) SUI has a great design, except for its token economics: SUI claims to have a capped supply of 10B, with 52% being “unallocated” till 2030 The problem is that over 8B SUI is being staked right now! Over 84% of the staked supply is held by founders! SUI is centralized: 🧵 — Justin Bons (@Justin_Bons) May 2, 2024 This alleged lack of decentralization worries investors. If these significant token holders decide to sell their SUI holdings (dump), it could cause a dramatic price drop, harming regular investors. Sui Fights Back: Transparency On The Agenda The network wasted no time in refuting these claims. The network vehemently denied any accusations of a centralized token supply, calling them “misleading” and “inaccurate.” In a bid to assure investors, Sui emphasized that Mysten Labs doesn’t have control over the Sui Foundation treasury, community reserves, or investor tokens. Total crypto market cap currently at $2.3 trillion. Chart: TradingView The network further clarified that the foundation, as the largest holder of locked tokens, will release them according to a publicly available schedule. They reiterated their commitment to transparency, stating that “every token that will be released has been allocated.” Additionally, Sui highlighted that all staking rewards earned by the foundation are reinvested back into the community, a detail also reflected in the public emission schedule. SUI 24-hour price action. Source: Coingecko Trust Issues: The Market Responds While Sui attempts to quell concerns, some market participants remain skeptical. They question the network’s motives, labeling the token distribution strategy as potentially manipulative. This skepticism coincides with a recent slump in SUI’s price. Related Reading: Whispers In The Deep: Why Are Ethereum Whales Disappearing? Despite impressive gains in the past, the token has shed over 25% in the last month and sits a staggering 90% below its all-time high. This price performance fuels doubts about the project’s long-term viability. The Importance Of Transparency: A Lesson For Blockchain Projects The SUI tokenomics controversy underscores a critical lesson for the entire blockchain industry: transparency is paramount for building investor trust. Justin Bons’ concerns, though potentially exaggerated, highlight the need for clear communication and verifiable token distribution plans. As the blockchain space matures, projects that prioritize transparency and fair distribution models will likely garner stronger investor confidence and ultimately, a more sustainable future. Featured image from Penn Today – University of Pennsylvania, chart from TradingView

SUI Gets Spicy: Network Fires Back At Token Supply FUD

Ethereum developers are proposing EIP-3074 to make wallets more programmable and user-friendly, despite community concerns about security and the efficiency of such changes.

Ethereum Developers Advocate for EIP-3074 to Simplify Wallets

Savvy investors usually avoid top altcoins or popular cryptocurrencies for a reason: limited upside potential. These mid-cap or large-market-cap tokens have little room for growth, meaning it might be too late to buy Binance Coin (BNB) or Ethereum (ETH). In the quest for life-changing or generational wealth, investors have been showing keen interest in InQubeta The post Is it Too Late to Buy BNB and Ethereum? Analysts Say InQubeta (QUBE) Might See 50X Jump By Year’s End appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Is it Too Late to Buy BNB and Ethereum? Analysts Say InQubeta (QUBE) Might See 50X Jump By Year’s End

A hacker involved in last year’s massive hack of Poloniex crypto exchange has reportedly transferred 1,100 Ethereum (ETH), valued at approximately $3.4 million, to the U.S.-sanctioned cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds. The movement of funds came to light following the on-chain data analysis conducted by security firm PeckShield. The post Poloniex Hacker Transfers Money to Tornado Cash for the First Time appeared first on Coin Edition .

Poloniex Hacker Transfers Money to Tornado Cash for the First Time

On Monday, the experimental currency Ore was awarded $50,000 in a hackathon supported by the Solana Foundation. The hackathon aimed to identify high-impact projects for Solana’s future. The win comes despite the project majorly disrupting the blockchain in April. The May 6 “Solana Renaissance Hackathon” was centered around discovering Solana’s upcoming projects with significant impact.

Ore, Solana’s congestion culprit, wins $50K from hackathon

Starknet Foundation launches a $5 million grant to support blockchain innovation. The program aims to fund at least 200 promising project teams with $25,000 each. Continue Reading: Starknet Foundation Announces $5 Million Grant Program for Blockchain Projects

Starknet Foundation Announces $5 Million Grant Program for Blockchain Projects

Crypto investment has the potential to make people millionaires and, in some cases, billionaires, but finding the right crypto to invest in is the biggest challenge, as there are already lots of options available.

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