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2024-05-04

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The altcoin market leader was rejected by a key resistance level throughout the past 2 weeks. Since then, ETH has broken through the subsequent support level, where it continued to trade at press time. Source: AdobeEthereum (ETH) developers have introduced a new smart contract standard, ERC-7512, aimed at enhancing transparency and accessibility to smart contract audits for decentralized finance (DeFi) protocols.The proposal was posted on the Ethereum Magicians forum by Richard Meissner, co-founder of Safe earlier this month, and has sparked lively discussions among developers.Other notable contributors to the proposal include developers from OtterSec, ChainSecurity, OpenZeppelin, Ackee Blockchain, and Hats Finance.The primary objective of ERC-7512 is to establish an on-chain representation of audit reports that can be parsed by contracts, enabling users to extract relevant information about the audits performed, including the auditors involved and the verified standards. “The proposal aims to create a standard for an on-chain representation of audit reports that can be parsed by contracts to extract relevant information about the audits, such as who performed the audits and what standards have been verified,” the authors wrote. “To provide strong guarantees about security and allow better composability, it is important that it is possible to verify on-chain that a contract has been audited.”Developers Discuss Implementing ERC-7512Although the proposal has received widespread support from the community, developers are engaging in detailed discussions regarding the implementation of the standard. Dexara, founder of Callisto Network, suggested an alternative approach by utilizing a registry that organizes audits through non-transferable Soulbound Tokens, instead of introducing a new Ethereum standard. “The idea of having on-chain audits is useful. However, the implementation proposed in this ERC is overcomplicated significantly.”Meissner, in response, suggested that the ERC can be used within the context of a registry, cautioning against an overly centralized approach.Shay Zluf added that the focus of ERC-7512 is to standardize what auditors should sign, rather than defining the registry itself. “This ERC focuses on standardizing what auditors should sign, rather than defining the registry. The goal is to ensure consistent verification across the ecosystem.”Meissner also highlighted that while security audits are valuable, they do not guarantee flawless code for protocols. As an example, the recent launch of BANANA, the token associated with a Telegram trading bot, experienced a bug in its smart contract shortly after deployment, despite claims of undergoing two audits by the team. Interestingly, a Twitter user named punk9059 ran BANANA's code through the AI chatbot, ChatGPT, which quickly identified the problem.Ethereum Devs Delay Launch of Holesky Testnet Earlier this week, Ethereum developers had to delay the launch of the much-anticipated Holesky testnet, which failed to operate as intended as a result of a parameter mismatch.Nethermind, an Ethereum client team, said a relaunch would likely take place in one week’s time, suggesting Holesky could go live as early as this Friday. However, Barnabus Busa, a DevOps engineer for the Ethereum Foundation, published a GitHub pull request suggesting the relaunch should occur on September 28.“It's extremely likely that we relaunch the network with new genesis files and have the network up ~two weeks from now,” said Paritosh, an Ethereum foundation DevOps engineer.Ethereum Price Prediction as Grayscale Files For New Ether Futures ETF – Here’s Where ETH is Headed Next What is Malaysian foreign trade policy?At the time of publication, CHZ’s price is $0.056. Why Are SHIB Tokens Burned?

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These requests are in response to the IRS’s proposed regulations for tax reporting of cryptocurrency, non-fungible tokens (NFTs), and other digital assets, which the IRS unveiled in August 2023. Under the proposed regulations, brokers would be required to report cryptocurrency transactions using Form 1099-DA, similar to financial institutions reporting traditional investments such as stocks and bonds. The funds stored in the original Bitcoin wallet are distributed through multiple wallets, transferring smaller divisions of funds to a series of additional wallets, a tactic that “considerably prolongs” the tracing process. Which crypto to invest in 2023?While cloud mining has numerous advantages, it is not without hazards and challenges. Disadvantages of cloud mining include: So, if you are looking for something that you can GPU mine with profit currently and hold and mine long term then you should definitely take a look at DNX and give it a go. And another tip, get a local Dynex wallet to mine at as most mining pools supporting DNX mining won’t allow you to mine on an exchange address, and it is better to keep the mine coins in a wallet than on an exchange anyway. ZIL dual-mining might be a bit of a challenge with some of the pools not allowing you to dual-mine if both coins are not on their list of supported pools coins (K1Pool with the largest ZIL hashrate at the moment for example) and you might have some trouble using some other pools as well, though Crazypool seems to be working just fine for dual mining DNX and ZIL in our experience, so you might want to give it a go.

Digital fashion shown via Fabrix AR kiosks. Image: Fabrix Not all blockchain projects use the same consensus mechanisms as they all have different purposes and desired outcomes with different applications. This means that developers need to take into consideration all the strengths and weaknesses of the consensus mechanisms to make an informed decision about which mechanism to choose for a project. Top 10 Cryptocurrency Exchanges in Africa“Pudgy Penguins is at the forefront of transforming the toy industry, merging unique digital experiences with blockchain technology, like Ethereum and zkSync,” Netz said. Despite the market downturn, Web3 gaming has been receiving ongoing interest from investors in the blockchain technology space.

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