Industry Talk 10 Articles
Multichain Hack Incidence
Author:Gate.io Researcher:M. Olatunji
21 February 17:51
[TL;DR]
Multichain, formerly Anyswap, is a "cross-blockchain router protocol" (CRP) designed to streamline the swapping and exchange of digital tokens for users across blockchains while reducing transaction fees. However, there's been an incident of theft in the Multichain Bridge due to a cyb...
POW Mining Ban in Europe.
Author:Gate.io Researcher:M. Olatunji
21 February 13:41
[TL;DR]
In an interview with Financial Times, Eric Thedeen the Vice-Chair of European Securities and Market Authority (ESMA), called for a ban on Proof-of-Work mining in Europe. In a quote, he said, “We need to have a discussion about shifting the industry to a more efficient technology”...
What Will Happen to BTC in 2022?
Author:Matthew W-D, Gate.io Researcher
21 February 11:48
【TR; DR】
The first and perhaps amongst the most significant of all cryptocurrencies, Bitcoin carried the torch for decentralised finance and unleashed newfound technological capabilities to cultivate - thus bearing the modern cryptocurrency market. Developed by an anonymous entity u...
El Salvador’s response in Crypto winter
Author:Gate.io Researcher:M. Olatunji
17 February 15:47
[TL, DR]
-in September 2021, El Salvador became the first nation to adopt bitcoin as a legal tender
- El Salvador buys 410 BTC at $15 million as the market continues to crash.
-The country now holds over 1,801 BTC, now valued at $66 million.
El Salvador’s adoption of bitcoin...
Tether Losing Dominance in the Stablecoin Space
Author:Matthew W-D, Gate.io Researcher
15 February 14:02
【TR; DR】
Tether has long retained a strong monopoly over the stablecoin space, contended only by USD Coin (USDC) in recent years. Yet, as whales have grown in prominence and other stablecoins have risen through the ranks with their use cases and white papers converting more in...
Single-slot Finality: Vitalik Buterin Has Updated Ethereum’s Roadmap
Author:Edward. H, Gate.io Researcher
14 February 12:27
[TL; DR]
1. Vitalik published an article on January 25, 2021, introducing the latest roadmap for the development of Ethereum saying that Ethereum will turn to single-slot finality.
2. Generally, the first block of each period is the checkpoint on the beacon chain. Once a checkpoint is finalize...
Why 2022 could be a big year for the Polkadot eco_?
Author:Tomi.D, Researcher of Gate.io
10 February 17:30
[TL;DR]
1. What is Polkadot? Overview about Polkadot's generative system.
2. Advantages and disadvantages of Polkadot.
3. Predict the Polkadot system born in 2022
4. Conclusion
After officially announcing the product, Polkadot and its ecosystem are interested and learned by many people beca...
Understand The Development Direction of Ethereum: How Does The Beacon Chain PoS Mechanism Work?
Author:Edward H. , Gate.io Researcher
09 February 12:06
【TL; DR】
1. The Ethereum foundation announced recently that it will ban the terms "Ethereum 1.0" (ETH1) and Ethereum 2.0 (ETH2) and use "executive layer" and "consensus layer" respectively.
2. Slot, epoch and validator are key terms in beacon chain PoS mechanism.
3. If the beacon chain...
NFT for Content Creators
Author:Valentine. A, Gate.io Researcher
05 February 16:28
[TL; DR]
An NFT is a unique digital asset that is stored on a blockchain.
The types of NFTs include art, music, video game pieces, GIFs, memes, collectibles, etc.
NFTs enable creators to have control of their content and monetize it.
However, the utility of an NFT is highly unstable becaus...
Walmart is preparing to enter the Metaverse
Author:Aziz. H, Gate.io Researcher
03 February 15:20
By Aziz. H, Gate.io Researcher
[TL;DR]
Walmart is apparently venturing into the metaverse with plans to create its own cryptocurrency and NFT collection.
The mass retailer filed several new trademarks late last month that indicates its intention to make and sell virtual goods.
In...