Ore Creator Offers Incentives to Alleviate Solana Congestion

Chad, the innovator behind the Ore initiative under the Hardhat label, has put forth a plan to the Solana Foundation. His proposal aims to encourage testnet usage with Solana’s native token, SOL, in response to network congestion causing transaction failures that have escalated to approximately 75%. Imho if solana wants to incentivize testnet spam, foundation … Read more

USDP briefly spikes to $1.28, costing an Aave trader $529k

The price of the Pax Dollar stablecoin (USDP) by Paxos Trust Company reached a peak of $1.28, leading to the automatic sale of $529,000 worth of USDC for a trader due to the coin’s value exceeding the usual dollar value. Just like standard stablecoins, USDP aims to keep its value constant at that of a … Read more

ZetaChain Partners with QuillAudits to Enhance Security Measures for their dApp Ecosystem

ZetaChain, a Layer 1 blockchain, is eager to grow its community by welcoming and nurturing various decentralized applications (dApps). Notably, they have revealed QuillAudits as their security collaborator, aiming to bolster the safety protocols for their dApp environment. The platform actively supports projects using its XP System and Grants Program, strictly enforcing security protocols. The … Read more

What Is A Polkadot Parachain?

Polkadot stands out among projects dedicated to enhancing the fundamental technology behind decentralized apps (dApps), achieving great success. Polkadot includes parachains, which are self-governing blockchains that seamlessly connect to Polkadot. Parachains function independently but can communicate with Polkadot and other linked parachains, fostering interoperability within the Polkadot network. What Is A Polkdadot Parachain? Gavin Wood … Read more

Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m

Detective ZachXBT, who specializes in cryptocurrencies, has uncovered the suspected culprit behind the PrismaFi heist, revealing their role in the $11.1 million theft and extortion attempts. Detective ZachXBT, a blockchain expert, unearthed the suspected perpetrator of the PrismaFi hack, which cost the protocol over $11 million in cryptocurrency. Through a string of posts, ZachXBT suggested … Read more