ETHPOW KO'd Already?!
https://twitter.com/scottmelker/status/1571200237653336071 What the vast majority of people already knew would happen eventually happened and much earlier than anticipated. ETHPOW, the forked version of Ethereum, crashed hard after the Merge, losing over 85% of it's initial value. The fork was already fighting an uphill battle with how they would operate in parallel to Ethereum, but they had a big issue right off the bat…their chainID was matching other existing chainID's, which wou...
Another Day, Another Hack: Acala’s aUSD Exploited
On this edition of “Another Day, Another Hack”, another stablecoin has been hit, but maybe not to UST proportions. Acala, a DeFi protocol on Polkadot, was exploited in their aUSD/iBTC pool, where malicious actors minted 1.2 billion aUSD tokens without depositing collateral. This caused a 99% depeg situation thereafter. However, the Acala team was able to determine it was a configuration issue that allowed the minting to occur, and was able to freeze the hacker’s wallet, which caused quite the...
Web3 TLDR Guide: Top 3 Crypto Tools For Wallet And Token Price Watching
Do you like crypto? If so, are you going deeper and deeper down the rabbit hole that tracking all of your crypto tracking has become hard to manage? Here are my top 3 use-cases and the tools I use to help achieve them: I want to get notified when particular tokens or coins reach particular price points or when changes occur to my wallet(s). Tool To Use: EtherDrops Tracking Bot This handy Telegram bot gives you alerts for a number of functions, but the ones I use it for the most are token/coin...
ETHPOW KO'd Already?!
https://twitter.com/scottmelker/status/1571200237653336071 What the vast majority of people already knew would happen eventually happened and much earlier than anticipated. ETHPOW, the forked version of Ethereum, crashed hard after the Merge, losing over 85% of it's initial value. The fork was already fighting an uphill battle with how they would operate in parallel to Ethereum, but they had a big issue right off the bat…their chainID was matching other existing chainID's, which wou...
Another Day, Another Hack: Acala’s aUSD Exploited
On this edition of “Another Day, Another Hack”, another stablecoin has been hit, but maybe not to UST proportions. Acala, a DeFi protocol on Polkadot, was exploited in their aUSD/iBTC pool, where malicious actors minted 1.2 billion aUSD tokens without depositing collateral. This caused a 99% depeg situation thereafter. However, the Acala team was able to determine it was a configuration issue that allowed the minting to occur, and was able to freeze the hacker’s wallet, which caused quite the...
Web3 TLDR Guide: Top 3 Crypto Tools For Wallet And Token Price Watching
Do you like crypto? If so, are you going deeper and deeper down the rabbit hole that tracking all of your crypto tracking has become hard to manage? Here are my top 3 use-cases and the tools I use to help achieve them: I want to get notified when particular tokens or coins reach particular price points or when changes occur to my wallet(s). Tool To Use: EtherDrops Tracking Bot This handy Telegram bot gives you alerts for a number of functions, but the ones I use it for the most are token/coin...
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Well I found this to be a little bizarre, yet quite hopeful about how use cases keep increasing for blockchain technology. Citizens in a district in India called Firozabad have been finding it hard to register certain complaints, especially against its’ own police force. Mainly because corruption is running rampant and those complaints either get manipulated or flat out gets “lost”. Enter in Polygon. Citizens can now post their complaints onto Polygon’s blockchain, preventing anyone from removing or changing the complaints, and is considered cost effective due to its transaction rollup technology. On Oct. 12, Polygon co-founder Sandeep Nailwal announced that the protocol is now being used by Firozabad police to fight against local police corruption and crime, something that Nailwal has held dear to his heart, after hearing stories about corruption as he was growing up, many of whom were rape victims.
https://twitter.com/sandeepnailwal/status/1580124653300826113
Being of Indian descent, I couldn’t help but initially laugh at how badly a police department is experiencing corruption that they have to use blockchain tech just to prevent their own officers from withholding justice. However, after reading Nailwal’s message, I started imagining how infuriating it would trying to register a crime such as rape, and some asshole officer’s male-chauvinistic attitude is preventing justice from occurring. Hats off to the police department for trying to fix this problem head-on. Corruption is in all parts of the world and the use case for blockchain technology to prevent corruption shows what the thesis for Web3 is all about.
Written by: nikethereum.eth / Medium /
Well I found this to be a little bizarre, yet quite hopeful about how use cases keep increasing for blockchain technology. Citizens in a district in India called Firozabad have been finding it hard to register certain complaints, especially against its’ own police force. Mainly because corruption is running rampant and those complaints either get manipulated or flat out gets “lost”. Enter in Polygon. Citizens can now post their complaints onto Polygon’s blockchain, preventing anyone from removing or changing the complaints, and is considered cost effective due to its transaction rollup technology. On Oct. 12, Polygon co-founder Sandeep Nailwal announced that the protocol is now being used by Firozabad police to fight against local police corruption and crime, something that Nailwal has held dear to his heart, after hearing stories about corruption as he was growing up, many of whom were rape victims.
https://twitter.com/sandeepnailwal/status/1580124653300826113
Being of Indian descent, I couldn’t help but initially laugh at how badly a police department is experiencing corruption that they have to use blockchain tech just to prevent their own officers from withholding justice. However, after reading Nailwal’s message, I started imagining how infuriating it would trying to register a crime such as rape, and some asshole officer’s male-chauvinistic attitude is preventing justice from occurring. Hats off to the police department for trying to fix this problem head-on. Corruption is in all parts of the world and the use case for blockchain technology to prevent corruption shows what the thesis for Web3 is all about.
Written by: nikethereum.eth / Medium /
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