Eigenlayer Introduces Permissionless Token Support, Expanding Crypto Economic Security Options

August 14, 2024 Bitcoin.com

AVS tokens

Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […]

Sui Foundation Enters Into Strategic Partnership With Franklin Templeton Digital Assets

Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards

August 9, 2024 Coin Telegraph

Coin Telegraph

ERC-7683 aims to standardize cross-chain trade execution, enhancing interoperability between decentralized networks.

Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.

The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.

The proposal has been made publicly available for review on the Ethereum Magicians forum, seeking to create a structure that various decentralized platforms can adopt to improve user experience and trade efficiency.

Sui Foundation Enters Into Strategic Partnership With Franklin Templeton Digital Assets

Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights

July 20, 2024 Coin Telegraph

Blockchain

Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.

The recent data blackout CrowdStrike experienced has raised questions about its potential impact on various industries, including cryptocurrency firms. Blockchain researcher and ex-CEO of Naijacrypto Chiagozie Iwu provided insights into how the disruption could have affected crypto companies and offered recommendations to mitigate associated risks.

Speaking with Cointelegraph, Iwu pointed out that blockchain-native companies, which operate on decentralized networks, are inherently more resilient to such disruptions. “For blockchain-native companies, they have nothing to worry about as the elements of node-based decentralization mitigate this risk,” he said.

However, he cautioned that centralized crypto platforms could be vulnerable to similar issues in the future. He suggested that institutions might start considering decentralized cloud-based architectures, like those of the internet Computer (Dfinity), to bolster their resilience.

decentralized networks