The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism Foundation stated in its proposal, “The Bedrock upgrade is a major step…
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ChatGPT can generate code snippets and solutions to coding problems quickly and efficiently. Here’s how. As a language model, ChatGPT is primarily used for natural language processing tasks such as text generation and language understanding. While it can be used to generate code samples, it’s not designed to help improve coding skills. However, here are…
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Web3 needs to set off toward new horizons to continue disrupting traditional industries, and B2B SaaS can enable that. In the era of services like Netflix, Dropbox or Amazon Prime, it’s quite easy to forget about the times when customers were getting in line to acquire boxed digital products, like software or entertainment media, with…
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According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations. Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could…
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The chief product officer will receive a healthy severance package as he departs from his role at the exchange. Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on Feb. 3 after reportedly making an estimated $105 million in stock sales. According to disclosures filed with the Securities and Exchange…
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Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three…
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According to the developers, the soulbound credit score system uses over 10,000 data points to determine a Web3 user’s creditworthiness. Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on…
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Blockchains are decentralized, transparent and increase the capacity of a whole network while giving users full control of their data. Blockchain use cases have expanded far beyond cryptocurrency in recent years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics and financial services. There are many factors behind the…
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Multi-party computation can help users to protect their private keys and seed phrases when used in wallets. Multi-party computation (MPC) is a type of cryptographic protocol that allows multiple parties to jointly compute a function over their inputs without revealing those inputs to each other. MPC can be useful when parties want to compute some…
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This is believed to be the first insider trading case involving cryptocurrency. The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency. As reported by Reuters, Nikhil Wahi pleaded…
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