DomanCrypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
DomanAfter Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
DomanWhat is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast
DomanCrypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
DomanAfter Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
DomanWhat is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast
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The Ethereum Merge is an upcoming network upgrade in which the Proof-of-Work (PoW) consensus layer of the Ethereum blockchain will be replaced with a new Proof-of-Stake (PoS) consensus layer. To ensure continuity for Chainlink protocol users on Ethereum, Chainlink Labs is following a rigorous quality assurance process in preparation of the Merge.
The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol. This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus.
For Ethereum developers and dApp teams who are unsure of their migration strategy surrounding the Merge, it is recommended that smart contract operations are paused to avoid unforeseen incidents and help protect end users. dApps operating on forked versions of Ethereum, including PoW forks, might behave in unexpected ways due to both protocol and application-level issues, introducing increased risk for users. Developers should also ensure that any external dependencies their contracts may rely upon will operate as expected during and after the Merge. Chainlink Labs will continue to monitor any developments surrounding the Ethereum Merge to ensure the utmost level of reliability of Chainlink services.
The Ethereum Merge is an upcoming network upgrade in which the Proof-of-Work (PoW) consensus layer of the Ethereum blockchain will be replaced with a new Proof-of-Stake (PoS) consensus layer. To ensure continuity for Chainlink protocol users on Ethereum, Chainlink Labs is following a rigorous quality assurance process in preparation of the Merge.
The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol. This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus.
For Ethereum developers and dApp teams who are unsure of their migration strategy surrounding the Merge, it is recommended that smart contract operations are paused to avoid unforeseen incidents and help protect end users. dApps operating on forked versions of Ethereum, including PoW forks, might behave in unexpected ways due to both protocol and application-level issues, introducing increased risk for users. Developers should also ensure that any external dependencies their contracts may rely upon will operate as expected during and after the Merge. Chainlink Labs will continue to monitor any developments surrounding the Ethereum Merge to ensure the utmost level of reliability of Chainlink services.
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