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Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity

Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity

Whale-sized transactions of the leading Ethereum (ETH)-competing blockchain Cardano (ADA) are on the rise, according to a popular crypto analyst. Ali Martinez tells their 21,600 Twitter followers that Cardano transactions exceeding $100,000 are increasing, which “indicates institutional investors’ and ADA whales’ increasing engagement.” “The volume of large ADA transactions exceeding $100,000 on the Cardano network […]

The post Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity appeared first on The Daily Hodl.

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Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin’s Lead

Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin’s LeadFollowing a growing trend of Ordinal inscriptions on the Bitcoin blockchain, the technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000. Software developer Anthony Guerrera made Ordinal inscriptions on the Litecoin network possible by receiving 22 Litecoin to port the technology to the proof-of-work (PoW) blockchain. […]

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Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and AuditsAave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers to Test GHO Before Mainnet Deployment On Thursday, Aave Companies […]

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Decentralized Twitter alternative goes live on Apple’s App Store

The Damus app is powered by Nostr which uses decentralized relays to distribute end-to-end encrypted messages.

Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store.

The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player.

Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open source protocols:

The app dubs itself the “social network you control” and is a messaging service built on Nostr — a decentralized network enabling encrypted, end-to-end private messaging, among other things.

It plans to become a social media platform with uncensored content. It also has built-in payments through the Bitcoin (BTC) layer-2 Lightning network according to a Jan. 27 post from Protos.

No servers run the network. Instead, Nostr utilizes decentralized relays to distribute messages.

Nostr developers are also focused on using Bitcoin and the Lightning Network to prevent Distributed Denial-of-Service (DDoS) spam attacks on the Damus app.

The User Interface of Damus displayed on an iPhone. Source: Github

There have been 44 different software developers who have contributed to the code for the Damus web app, according to the team’s GitHub page.

Getting Damus on the Apple App Store didn’t come without issues though.

The Damus Twitter page posted that it had failed in at least three attempts before finally being approved:

One of Nostr’s core developers, William Casarin also shared some frustration on his personal Twitter account, stating that it would be a “shame” if Apple users couldn’t use Nostr natively.

Related: An inside look at the moral and technical considerations of crypto social media

While the exact partnership between Dorsey and Nostr isn’t known, the billionaire entrepreneur sent over 14 BTC — worth about $250,000 at the time — in mid-December to help the Nostr developer team.

While the news appeared to have increased awareness of the application amongst the Bitcoin community, other high-profile figures have tested out the Damus app too.

Amongst those include Ethereum co-founder Vitalik Buterin, former U.S. National Security Agency (NSA) contractor and whistleblower Edward Snowden and pro-crypto U.S. Senator Cynthia Lummis.

At the time of writing, the Damus web app has run into problems. A warning message on the site homepage reads:

“Damus Web is down because there is someone trying to exploit browser loopholes to steal private keys. I would not recommend using a web client at this time. Damus iOS is not affected.”

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Cardano Is ‘Head and Shoulders’ Above Ethereum, Polkadot and Other Crypto Assets in One Metric: Santiment

Cardano Is ‘Head and Shoulders’ Above Ethereum, Polkadot and Other Crypto Assets in One Metric: Santiment

Smart contract platform Cardano (ADA) is unsurpassed compared to other digital assets when it comes to one key metric, according to market intelligence platform Santiment. Santiment says that based on submissions to software development hosting platform GitHub, Cardano by far recorded the highest level of development activity over the last 30 days. “Cardano is head […]

The post Cardano Is ‘Head and Shoulders’ Above Ethereum, Polkadot and Other Crypto Assets in One Metric: Santiment appeared first on The Daily Hodl.

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Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal NotationsOn October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase. The original code was thought to have been lost for more than a decade and with a “little browser hacking” Blasko was able to find the lost version 0.1 raw data and files […]

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Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode

Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only ModeThe internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S. Treasury updating the public, noting that U.S. persons can copy, view, and discuss the open-source code. Github’s […]

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Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme

Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi SchemeAfter reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised prospective zugacoin investors to prioritize learning finer details about the project before investing. A Financial System […]

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Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations

Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize InvestigationsWhile the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether […]

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Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’

Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]

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