CoinCheckup

Author: Samuel Olumide

  • SpookySwap Integrates with Orbs’ Liquidity Hub, Expands to Fantom

    SpookySwap Integrates with Orbs’ Liquidity Hub, Expands to Fantom

    Fantom Orbs SpookySwap

    SpookySwap, the leading AMM on Fantom, had become the first project on Fantom to integrate with Orbs Liquidity Hub. The move comes with many benefits for users as it will improve the trading experience with better pricing, reduced slippage, and a more efficient trading environment.

    This expansion marks the fifth time Orbs Liquidity Hub has been deployed on an EVM-compatible network. Leveraging the advanced Layer 3 tech provided by Orbs, this solution comes with significant improvements.

    Using external liquidity sources, Orbs Liquidity Hub, a Layer 3 optimization layer atop the automated market maker (AMM), improves price quotations and reduces slippage in trades. This assures a more competitive and effective trading environment by allowing traders to get the best available price on each swap as Orbs Liquidity Hub draws liquidity from a combination of on- and off-chain sources.

    Integrating Liquidity Hub aims to guarantee smooth and user-friendly trading on SpookySwap. Thanks to the platform’s familiar user interface, users may thus benefit from Liquidity Hub’s extra features and upgrades while still enjoying the same ease of use.

    Simply put, the integration:

    • reduces slippage in trades,
    • allows trades to profit more from each swap,
    • provides a seamless and user-friendly interface.

    In addition, one of the main advantages is its capacity to lessen the effects of Maximum Extractable Value (MEV), a phenomenon that can lead to unfair transaction execution.

    Wrapping up

    Because Liquidity Hub operates as an L3 that leverages external liquidity to deliver to users better prices, market traders can make more from every token swap initiated. It will surely draw interest from both institutional and professional traders. The integration leverages SpookySwap’s attractive user interface to ensure a great trading experience. 

  • Pyth Network Brings Real-time Price Feeds to Layer N

    Pyth Network Brings Real-time Price Feeds to Layer N

    Layer N and Pyth

    Key takeaways

    • Pyth Network has launched its market-leading price oracle on Layer N.
    • Pyth Price Feeds provide over 500 real-time price feeds for various assets.
    • Layer N offers seamless communication, liquidity sharing, and ultra-low latencies and fees.

    On Layer N, a cutting-edge Layer 2 scaling solution for Ethereum, Pyth Network has introduced its market-leading price oracle. Through this interface, over 500 high-fidelity price data feeds for cryptocurrencies, stocks, forex, commodities, and other conventional asset classes are now available to users and developers on Layer N.

    What you should know about Pyth and Layer N

    Pyth is a leading specialized oracle network with a decentralized framework and cryptographic nature that price data is not susceptible to tampering or disruptions. At the time of this writing, Pyth safeguards over $5 billion in total value locked and powers over 350 protocols, and so far has facilitated more than $400B in trading volume across over 50 blockchains.

    To put it simply, Pyth is the largest pull oracle network with:

    • 100+ data providers
    • 500+ price feeds
    • 330+ integrated dApps
    • 55+ chains

    Layer N is a high-performance Layer 2 network enhancing on-chain capabilities with seamless communication, liquidity sharing, and composability between applications and XVMs, offering ultra-low latencies and low fees. As such, it’s an ideal partner for Pyth Price Feeds.

    Wrapping up

    With the launch of Pyth Price Feeds on Layer N, Pyth has made a significant step in providing access to over 500 real-time price feeds for users and developers alike. Developers working on this infrastructure can easily incorporate exact real-time pricing data into their dApps and smart contracts with just a few lines of code.

  • EOS Network Launches Antelope Spring Beta-1 on Jungle Testnet

    EOS Network Launches Antelope Spring Beta-1 on Jungle Testnet

    eos Antelope Spring Beta 1.0 Testnet

    The deployment of Antelope Spring Beta-1 to the Jungle public testnet by Cryptolions is a significant milestone for the EOS blockchain ecosystem. This advanced testnet is a testament to years of dedicated research and development by the EOS Network, and it surpassed its predecessor, the Antelope Leap 5.

    The Antelope Spring 1.0 is packed with new features designed to enhance privacy, security, and the speed of blockchain transactions, ensuring a seamless user experience.

    This development was achieved through a collaborative measure between Cryptolions, EOS Network Foundation engineers, and other block producers such as EOS Nations, EOS Sphere, EOS Rio, and EOS USA, who are responsible for continued testing, smooth operation and gathering necessary feedback from users and developers.

    Features of Antelope Spring 1.0

    At the core of the Antelope Spring is the Savanna Consensus Algorithm, which delivers instant transaction finality over 100 times faster than the previous version. However, raw power is just one piece of the feature puzzle; its ingenious consensus mechanism makes Savanna more secure and resilient against commonly found blockchain vulnerabilities. Its strength comes from using advanced cryptography like aggregate BLS signature and zero-knowledge proof systems that are aimed to improve scalability.  According to the organization, Savanna Consensus Algorithm is set to be launched on June 31, 2024.

    Another feature of the Antelope Spring 1.0 is its blockchain architecture. The traditional “Block Producers” roles have been reconfigured to separate “Block Proposer” and “Block Finalizer” with increased governance decentralization and operational efficiency.

    The benefit of the Antelope Spring 1.0 Testnet 

    Developers will eventually get acquainted with the lightning-fast speeds, more vital security aspects, elastic framework, and future-proof principles of Antelope Spring. This real-world proving ground will gather crucial feedback to inform the imminent mainnet launch.

    The EOS community has articulated its vision for Web3: a future where a high-performance, trustless blockchain platform can enable decentralized applications and services. Antelope Spring represents a massive stride towards realizing that ambitious destiny.

    Conclusion

    The launch of Antelope Spring Beta-1 on the Jungle public testnet by Cryptolions represents a significant step forward for the EOS blockchain ecosystem. Developed with the EOS Network Foundation and various block producers, this new testnet focuses on privacy, security, and transaction speed. Key advancements include the Savanna Consensus Algorithm, which dramatically improves transaction finality and security against vulnerabilities.

  • COTI Launches a Privacy-Focused Developer Network and $40M Grant Program

    COTI Launches a Privacy-Focused Developer Network and $40M Grant Program

    Prominent blockchain project COTI has made news with its upcoming COTI V2 developer program. The program is geared towards introducing advanced privacy and security advancements to blockchain technology for the first time. The move marks a significant improvement in the blockchain industry, as this will likely promote increased use cases that were formerly thought impossible. 

    The COTI V2 developer network’s launch corresponds with a new program in the form of grants, which allows developers to experiment and build on the technology and get rewarded for doing so. 

    In order to super-charge growth, inspire developers to innovate with new use cases, and explore the full range of opportunities that can be provided by a privacy-centric Web3 ecosystem, the COTI Foundation has earmarked a total of 400M COTI tokens from the existing supply for a grant program.

    Commenting on this new development, Shahaf Bar-Geffen, COTI CEO said: 

    “We’re opening our doors to the world with the COTI V2 Developer Network, and with our Builders program we’re inviting teams around the world to take part in COTI V2’s developer network, and share what you’re building. We have an incredible year ahead of building new things, making new partners, and growing COTI’s network.”

    COTI launches ABC Growth Fund

    In order to drive rapid growth of ecosystems, COTI has launched the (A)mbassadors, (B)uilders and (C)reators – ABC Growth Fund, which offers grants for ambassadors, builders and creators in the form of 400 million COTI tokens equal in value to around forty million US dollars at the time of writing. The Builders programme incentivizes developers specifically to discover COTI V2’s privacy-preserving potential.

    The size of grants can range from $1k to $100K, depending on project objectives and potential impact. Interested developers can consider applying with proofs-of-concept (POC) for such areas as confidential DeFi, encrypted transactions, secure data management, privacy-enabled AI/ML, decentralized identity solutions etc using COTI V2.

    In addition to this, COTI has provided teams with all the tools they need to start working, like SDKs written in Node.js and Python, special access to servers, detailed documentation, testnets, faucets as well as a blockchain explorer.

    Conclusion

    The debut of this product signifies a significant landmark for privacy and security on the blockchain. Though initial driving forces for this technology include increasing accountability and transparency, new requirements have arisen concerning personal data protection, intellectual property rights and strategic information confidentiality.

    These will enable COTI’s solution to allow all parties involved in multiparty computation verify the results but encrypting all individual inputs plus interim results. This is a new development that allows unprecedented verifiable privacy in rich Web3 applications.

  • NiceHashX – NiceHash’s Major Bitcoin Conference Central Europe

    NiceHashX – NiceHash’s Major Bitcoin Conference Central Europe

    nicehashx conference

    A big conference organized by NiceHash is scheduled to take place in Central Europe, Maribor, 2nd largest city in Slovenia. A two-day conference called NiceHashX with the theme “Bitcoin Conference on the Sunny Side of the Alps” is scheduled for November 8 and 9, 2024, to commemorate the startup’s ten years in business. NiceHash was founded in 2014 by two students from Slovenia. 

    Commenting on this anticipated conference, CEO of NiceHash, Vladimir Hozjan, said “We are delighted to welcome the world to discover how Slovenia is leading the way in European Bitcoin adoption,” He added, “With 10 years of experience in this industry, we have witnessed phenomenal growth in the interest of using Bitcoin, here in Maribor and around the country. Join us as we celebrate, and witness Bitcoin in its purest form, used by everyday people, alongside some of the brightest speakers in the industry.”

    Though frequently disregarded in favor of cryptocurrency hotspots like Switzerland, Slovenia has quickly become a leader in using blockchain and Bitcoin. Over 1,000 establishments in the country, such as cafes, hotels, restaurants, and even large grocery chains, are all currently accepting Bitcoin as a mean of payment. 

    NiceHash’s Bitcoin Conference on the sunny side of the Alps

    The goal of NiceHashX is to draw the world’s attention to Slovenia’s developing Bitcoin community and establish Maribor as a center of innovation for the European cryptocurrency industry. A number of Maribor-based businesses that are making use of blockchain technology will be highlighted; in fact, one of the conference’s sections will be devoted to exhibiting these businesses. 

    Aside from drawing the attention of the world to Slovenia, the anticipated conference has also drawn the attention of popular speakers from the Bitcoin industry. Notable figures comprise Saifedean Ammous, the author of the well-known book “The Bitcoin Standard,” Joe Hall, previously a reporter with CoinTelegraph; Martin Kuchař, the founder of the BTC Prague conference, Pierre Corbin, the co-founder of Bitcoin FilmFest, Jameson Lopp, the CTO of CASA, and many more.

    The conference agenda includes subjects covering legislation challenges amidst the growth of crypto exchanges, changes in the mining and energy industry, and the regulation and acceptance of Bitcoin as legal tender in Europe. 

    The guests at the conference will be entertained with exhibitions, side events, an official after-party, and a VIP dinner.

    NiceHash is soft-launching a new Bitcoin payment method integrated with local Maribor merchants in the run-up to the conference. This innovation will enable guests to engage in real-world Bitcoin payments with practical demonstrations.

    Conclusion

    Maribor’s 2012 nomination as the European Capital of Culture makes it a perfect place for a crypto conference. Located in the Pohorje Mountain foothills, the city is a popular ski resort area because of its stunning architecture, vineyards, and laid-back atmosphere.  

    With Nicehash celebrating its tenth anniversary since its launch in 2014 and acceptance of Bitcoin expanding throughout Europe, NiceHashX offers a rare chance to get up close and personal with the emerging Bitcoin ecosystem.

  • SSV.Network Partners with Ether.fi, Hitting a $2B Mark in TVL

    SSV.Network Partners with Ether.fi, Hitting a $2B Mark in TVL

    ethereum staking

    The Ethereum backing system has changed dramatically, SSV.Network has announced to the blockchain community that it is achieving a milestone and partnering to boost security and decentralization. 

    SSV.Network also announced that it has achieved a total value locked (TVL) in its Ethereum staking system which doubled within 30 days and exceeded $2 billion. This staggering growth is mirrored by the number of Ethereum validator users, which has doubled over the same period to over 19,000 users. Also, about 400 node operators securing over 568,000 ETH made through them, SSV.Network is on the way to becoming a leader among many others, providing decentralized infrastructure for staking on Ethereum. 

    Meanwhile, in 2023, SSV.Network reported that its ecosystem powered by DVT secured $140 million TVL. This development has been fueling its growth and demand for SSV staking solutions.

    SSV.Network partners with Ether.fi

    SSV.Network recently made one such partnership with Ether.fi, which currently is one of the leading restaking platforms for all things related to Ethereum. This partnership seeks to add another layer of reliability and resilience to the services provided with the two companies working together towards a safe and secure ecosystem. 

    Ether.fi made its staking operations fully decentralized and increased fault tolerance by adopting distributed validator technology (DVT). By doing so, nodes set up worldwide, make it possible to set up easy and safe stakes while ensuring access to highly performing operators worldwide. 

    Commenting on this development, Ether.fi CEO Mike Silgadze said: “Ether.fi has always been focused on making our operations more decentralized and resilient. Our partnership with SSV allows us to continue down that path while maximizing rewards for our users!”

    Ether onboards closely 2,0000 validators to SSV.Network

    Ether.fi, in the last few weeks, has brought on board close to 2,000 validators using SSV.Network that has led to the instantaneous injection of $200 million into the protocol’s TVL, which is growing at a record rate. 

    This partnership has been productive in many ways, such as improving relay livenesses, increasing overall efficiencies within the protocols and performance enhancements, and strengthening the network. Earlier this month, an SSV cluster that was used by Ether.fi received an 11 ETH MEV block reward.

    Benefits of the DVT system  

    The DVT system is instrumental to securing Ethereum stakes because it eliminates weak points while minimizing the validator’s risks. DVT also ensures that various parties, such as node operators or solo stakers, work together to create an environment that achieves resilience throughout the ecosystem.

    Conclusion

    SSV.Network’s recent announcement highlights a significant milestone in Ethereum’s staking ecosystem, achieving a total value locked (TVL) of over $2 billion and doubling its Ethereum validator users. This growth is set to enhance the security and decentralization of Ethereum staking. The collaboration leverages Distributed Validator Technology (DVT) to increase the system’s fault tolerance and efficiency. SSV.Network has positioned itself as a leader in providing robust, decentralized staking solutions that are reshaping Ethereum’s backing system.

  • Bybit Announces the Launch of Bitcoin Layer 2 Airdrop Campaign

    Bybit Announces the Launch of Bitcoin Layer 2 Airdrop Campaign

    Key takeaways:

    • Bybit has introduced its first Bitcoin Layer 2 Airdrop campaign to promote the adoption of Layer 2 solutions.
    • The campaign features incentives like attractive airdrop rewards and aims to facilitate smoother, more scalable Bitcoin transactions.
    • The initiative also serves an educational purpose, enlightening users about blockchain advancements and encouraging broader participation.

    Bybit has made the launch of the first Bitcoin Layer 2 Airdrop campaign known to the public in the crypto industry. The crypto exchange platform made this announcement via its Airdrop Arcade, pointing out that the campaign was created to encourage the adoption of Bitcoin Layer 2 solutions by providing active participants with attractive airdrop rewards and smooth access to the vibrant system. 

    According to Ben Zhou, Co-founder and CEO of Bybit, while sharing his excitement and optimism about this development, said:

    “Bitcoin Layer 2 represents a monumental leap forward for the Bitcoin ecosystem, enabling faster, cheaper, and more scalable transactions. This aligns perfectly with Bybit Web3’s vision, an extension of our commitment as the Crypto Ark, fostering a simpler, open, and equally decentralized ecosystem for all. 

    Zhou added,“We are thrilled to collaborate with leading Layer 2 protocols to democratize access to this transformative technology.”

    Wile this new development is a huge achievement for the crypto industry at large, the Layer 2 solution offers a comprehensive on-chain experience for users. To achieve this, Bybit aims to simplify things for users and enlightening them about about these game-changing technologies while they make extra cash using the platform. 

    Benefits of Bitcoin Later 2 for users

    To this end, users are invited to explore the Bitcoin Layer 2 by partaking in the airdrop experience, early bird TGE airdrops and on-chain experience that includes DeFi, NFTs, etc. 

    Bitcoin Layer 2 participants are liable to a claim of close to $400,000 TGE tokens. This includes protocol cryptocurrency token and decentralized application (dApps) airdrops that is built on the Layer 2 ecosystem. 

    Bybit team up with Bitcoin Layer 2 innovative protocols

    In order to further promote this campaign, Bybit has formed partnerships with select innovative protocols in the Bitcoin Layer 2 space, such as BEVM, B² Network (BBN), Mirror Staking Protocol, and Tuna Chain. This is aimed at fostering innovation while making sure that users have easy access and seamlessly engage with the new technology. 

    For a long time, individuals have seen Bitcoin Layer 2 resolutions as the solution to scaling problems, slow transactions, and speed transaction costs that have traditionally faced pioneering cryptocurrency. Bybit’s Airdrop Arcade may lead to a new wave of Layer 3 adoption and development. 

    On May 8th at 8 AM UTC, just before the campaign begins, Bybit will air a live stream named “FOMO Money vs. Serious BUIDLs: Who’s the Next Bitcoin Layer-2 Alpha?” where they will talk about what lies ahead for Bitcoin Layer 2 with some of the brightest minds in the business.

    Meanwhile in March, Bybit also announced the launch of $VELAR token with the aim to tap into the untapped potential of Bitcoin by integrating it into to decentralized finance (DeFi). 

    With every passing day, there are more breakthroughs within the crypto space, and initiatives such as Bybit’s Bitcoin Layer 2 Airdrop campaign might be what steers innovation toward mass recognition. By incentivizing people while also educating them on blockchain technology – Bybit positions itself as a catalyst for the next phase in blockchain tech maturity.

  • Shiba Inu Raises $12 Million to Build Encrypted Blockchain

    Shiba Inu Raises $12 Million to Build Encrypted Blockchain

    TREAT Token

    Shiba Inu has received significant support from strategic investors in a $12 million raise. The Shiba Inu ecosystem team made this known to the public highlighting that the funds raised will be used to build a new encrypted blockchain and expand existing offerings.

    The fund was raised by selling Shiba Inu’s yet-to-be-released $TREAT utility token to a group of venture capital and investment groups. These groups comprise Mechanism Capital, Animoca Brands, Polygon Ventures, and Shima Capital, among many other fund investors.

    This fund will be mainly used to enable the development of FHE technology-based new blockchain according to Shytoshi Kusama, Shiba Inu lead developer. It is an advanced encryption aiming at addressing privacy and trust issues associated with many existing blockchains.

    “Shiba Inu started from the vision of our founder Ryoshi and we’ve been so thankful to the community. Together, we have changed the face of crypto as we’ve worked towards that vision. We’ve crushed expectations by creating a full-fledged ecosystem with a core technology stack that no one else has, alongside community, games, AI, metaverse, DeFi, self-sovereign identity, and encryption,”  He added “We are excited to gain the support of such powerful VCs, angel investors, and brands as we plow towards the completion of this grand decentralized experiment. Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners, but also exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy.” 

    —Shytoshi Kusama, Shiba Inu Lead Developer

    What to expect

    The new blockchain utilizes $TREAT as a governance and utility token. To achieve this, Shiba Inu has partnered with Zama.ai, an open-source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and AI, to use their FHE protocols to provide blockchain solutions. This will likely enhance privacy compared to the traditional methods.

    Besides developing blockchain, the funds raised will be used to make Shib’s vision a reality — creating a full-fledged ecosystem with a core technology stack that no one else has, alongside community, games, AI, metaverse, DeFi, self-sovereign identity, and encryption. It’ll also ensure that Shibarium becomes the meme center of the world, and expand security and regulatory compliance.

    Wrapping up

    This infusion of capital will primarily be used to develop a new blockchain-based on Fully Homomorphic Encryption (FHE) technology. It promises to enhance privacy and trust in blockchain interactions. Central to this new development is the $TREAT token, which will serve as both a governance and utility token within this innovative framework. This initiative aligns seamlessly with Siba Inu’s overarching vision. Shiba Inu is not just expanding its technological footprint but also reinforcing its commitment to redefining the crypto space to establish Shibarium as a global hub for meme coins.

  • SHIB Joins CDSA to Empower the Media and Entertainment Landscape with Blockchain Tech

    SHIB Joins CDSA to Empower the Media and Entertainment Landscape with Blockchain Tech

    SHIB fights plagiarism

    SHIB announced that it had joined the Content Delivery & Security Association (CDSA) to explore the opportunities inherent in blockchain technology.

    SHIB, which is an interconnected family of digital assets and solutions that runs on the Ethereum blockchain, with the popular cryptocurrency Shiba Inu, aims to explore opportunities of blockchain technology, specifically the media and entertainment aspects that are promoted via new media channels.

    SHIB x CDSA

    SHIB is the first blockchain project to join CDSA to deliver factual and improved content security using advanced blockchain technologies.

    According to Shiba Inu Lead Developer, Shytoshi Kusama, “CDSA members are the biggest names in media and entertainment, from the studios to the key partners that are part of the global ecosystem,” He added: “We look forward to providing a unique and blockchain-first perspective to CDSA’s work in helping media and entertainment executives better utilize these innovative technologies, especially as blockchain and artificial intelligence converge.” 

    Why SHIB and CDSA are leveraging blockchain 

    Leveraging blockchain will help the two organizations alleviate concerns about deepfakes and plagiarism within the artificial intelligence (AI) sector and ensure the right focus in providing the correct expertise that will result in the right use of these technologies. 

    What you should know about SHIB and CDSA

    SHIB is a popular and leading ecosystem of decentralized finance (DeFi). It’s the second-most searched crypto project on Google and has gained popularity over the years, with over 3.6 million Twitter followers. The SHIB ecosystem consists of tokens such as $SHIB, $LEASH, $BONE, and the native SHIBOSHIs NFTs, as well as quality technologies including SHIB: The Metaverse and Shibarium.

    On the other hand, CDSA is an international nonprofit organization, founded in 1970, and it functions to provide the best practices for the delivery and storage of entertainment, software, and information technology. Since its establishment, protecting the integrity of digital media has been the major drive of the organization. To this end, CDSA inaugurated two Content Security Risk Management Programs: Copyright & Licencing Verification (CLV) and Music Recording Studion Security (MRSS).

    Conclusion

    SHIB’s recent decision to join the Content Distribution & Security Association (CDSA) marks a pioneering move in the integration of blockchain technology with media and entertainment security. It aims to leverage SHIB’s blockchain expertise to enhance content security and distribution, addressing challenges like deepfakes and plagiarism in the AI sector and beyond.

    As SHIB brings a blockchain-first perspective to CDSA’s efforts, this alliance is set to advance technological applications in entertainment and foster the development of innovative solutions that can potentially set new standards for the industry.