Flashbots, a research and development organization backed by Paradigm, is focused on fighting the downside of current miner extractable value (MEV) extraction strategies. And here’s how it adds value to the Ethereum network.DeFi traders’ arbitrage of MEV affects Ethereum transactionsMiner extractable value measures the profit a miner could make through their managing of … [Read more...] about How ‘Flashbots’ fighting MEV extraction help the Ethereum network
Network
‘Green mining’ crypto Chia Network causes HDD revenues to skyrocket by 240%
Growing demand for hard and disk drives has been recorded ever since the appearance of the “green” cryptocurrency Chia (XCH), which utilizes spare storage space for verifying blockchain transactions.This year’s April analysis performed by research company Context revealed a monster sales growth as the demand for high capacity storage space gear exploded, compared to April … [Read more...] about ‘Green mining’ crypto Chia Network causes HDD revenues to skyrocket by 240%
Chinese state-run TV network draws attention to DeFi scams on Uniswap
CCTV-13, a TV channel that is part of the state-controlled China Central Television (CCTV) network, aired a new report today, highlighting how easy malicious actors can create fraudulent tokens and sell them on decentralized finance (DeFi) platforms such as Uniswap.“CCTV, China’s largest official TV station, began to pay attention to Uniswap and asked the security company to … [Read more...] about Chinese state-run TV network draws attention to DeFi scams on Uniswap
Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols
In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived. Offchain Labs announced the launch of Abritrum One with a blog post late last night. Arbitrum One is currently live on Ethereum in a beta state, though teams that wish to participate and … [Read more...] about Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols
‘Green mining’ crypto maker Chia Network valued at $500 million ahead of possible IPO
Chia Network, the firm behind recently launched home mining-friendly cryptocurrency XCH, has raised $61 million in a Series D funding round led by Andreessen Horowitz (a16z) and Richmond Global Ventures, Bloomberg reported today.https://t.co/MQ8U7Y4SVW— Chia Project (@chia_project) May 24, 2021Per the report, the company, which was founded by BitTorrent creator Bram Cohan, was … [Read more...] about ‘Green mining’ crypto maker Chia Network valued at $500 million ahead of possible IPO