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This Week on Unchained: A Big Leap in NFTs?, A Solution for DeFi, and More!
It was time to learn this week! 🤓 ERC-6551, ERC-7265... 🤔 What is this all about?
In 2022, crypto crime hit an all-time high. A staggering $3.8 billion in crypto was stolen, with DeFi protocols bearing the brunt of these thefts, accounting for 82% of the total losses.
Amid this alarming scenario, has a beacon of hope emerged in ERC-7265?
The proposal aims to create a ‘circuit breaker’ safety layer for DeFi contracts, potentially revolutionizing security measures in the crypto space. Could this be the key to bolstering security and paving the way for mass adoption of DeFi? Will it essentially centralize protocols?
The ERC-721 token standard on Ethereum ignited the frenzied world of NFTs. Yet, as the dust settled, their limitations became apparent. Enter ERC-6551, a new standard designed to overcome these challenges.
Benny Giang and Jayden Windle, cofounder and founding developer of Future Primitive, respectively, delve into the transformative potential of ERC-6551, a standard which allows every NFT to have a smart contract wallet associated with it. They discuss the exciting new possibilities it unlocks in the spheres of gaming, the metaverse, identity, messaging, and more.
On Unchained Premium 💎
In this episode of Unchained Premium, Laura talks with Elena Nadolinski, CEO of Iron Fish Foundation, about a new privacy-focused layer 1 blockchain: Iron Fish.
In Case You Missed It 👀
Binance’s General Counsel, Chief Strategy Officer and Senior Vice President for Compliance have all resigned.
BlackRock’s Larry Fink suggested that investors put money into Bitcoin instead of gold to hedge against inflation.
The search was conducted as part of a non-crypto-related investigation into claims that Powell hacked and cyber-stalked a non-profit arts group.
The team behind the cross chain protocol confirmed that assets on the MPC bridge had been moved to an unknown address but said they were “not sure what happened.”
Kyle Davies said that he and his co-founders would donate proceeds from the new exchange business to creditors of the failed crypto hedge fund Three Arrows Capital (3AC).
📣 For more breaking news, visit our website!
🤓 Learn With Unchained
Despite the low chance of winning a block reward, solo mining has emerged as a popular pastime for Bitcoiners with an interest in mining.
Bitcoin STAMPS (or SRC-20 tokens) are a new type of NFT representing digital assets on the Bitcoin blockchain.
DLCs provide a way for private and secure transactions to occur off-chain, using the Bitcoin blockchain as the final settlement layer.
A look at ‘token supply’ and the varied methods by which different cryptocurrencies are minted into circulation.
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