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Polkadot’s ambitions are on the rise as its core development team plans to boost the platform’s parachain capabilities. Currently, Polkadot supports 100 parachains, but there’s an aspiration to increase this figure tenfold in the future through pivotal software enhancements. Sophia Gold, the Parity Engineering Lead, emphasized the potential of the “asynchronous backing” update. This particular enhancement will reduce the para chain block time from 12 seconds down to just 6, as well as expand the block space for every block by a factor of 5-10. She expressed, “We’ve designed a concrete path to support 1,000 para chain s and exceed 1 million transactions every second. The future of Polkadot scaling is crystal clear to us, given the mechanisms we’ve put in place.” For those unfamiliar, Polkadot stands out as an integration-centric network. It bridges various specialized blockchains, known as parachains, that gain their secu...

Authors: @Jesse_meta, Research Fellow at SUSS NiFT @kaplannie, Security Researcher at Least Authority @EatonAshton2, Security Researcher at Beosin Source form： https://blockchainsecurityalliance.io/zkp.html Information leakage incidents have become commonplace whether the information is stored on the Internet or in offline archives, whether it is due to a subjective intent or objective accident. As long as the information is stored centrally, it is vulnerable to attack from a single point. If the verification process requires a trusted third party, moral hazard and inefficiency will inevitably occur. The solution to information security is essential and urgent. The zero-knowledge proof technology allows users to perform verification more efficiently and securely while protecting their privacy. Suppose Bitcoin is the first invention that blockchain brought to the real world, providing a new way to store value, and Ethereum’s smart contract is the second milestone that unlocked the poten...

Cyber fraudsters have discovered a new way to distribute virus software among users. According to research by Guardio Labs, attackers have begun manipulating BNB Smart Chain (BSC) smart contracts to hide malware and distribute malicious code. Analysts note that the attack involves compromising WordPress websites by injecting code that extracts partial payloads from blockchain contracts. Attackers hide useful data in BSC smart contracts, essentially serving as anonymous, free hosting platforms for them. You might also like: FTX hacker moves $4.2m worth of ETH after months of inactivity Experts point out that hackers can update codes and change attack methods at their discretion. The most recent attacks have come in fake browser updates, where victims are asked to update their browsers using a phony landing page and link. Source: Guardio As a result, this leads to complete site corruption through fake browser updates that distribute malware. With this attack, attacke...

Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left. Crypto has been the subject of much criticism from those on the political Left, many of whom see cryptocurrencies like Bitcoin (BTC) as being associated with libertarian or right-wing ideas. One common perception is that cryptocurrencies and other block chain -based technologies, such as nonfungible tokens (NFTs), exist for the primary purpose of concentrating wealth, scamming investors and otherwise replicating existing financial and power structures — just in a more unregulated manner. On Episode 16 of The Agenda podcast , hosts Ray Salmond and Jonathan DeYoung chat with author and podcast er Joshua Dávila, host of The Block chain Socialist podcast and author of the new book Block chain Radicals: How Capitalism Ruined Crypto and How to Fix It. Dávila is critical of the capitalistic tendencies of much of the crypto space and ...

The latest improvements to Uniswap, the largest decentralized crypto exchange by volume, are on their way, with draft code recently released for the community to scrutinize.  The V4 update will introduce a number of improvements, including “hooks” — smart contracts that interact and build on top of custom pools — and architectural efficiencies that should significantly reduce gas costs. So once V4 is settled, what’s coming up for Uniswap? On a recent Empire podcast (Spotify / Apple), Blockworks research analyst David Rodriguez says the next “obvious step” would be for Uniswap to operate its own app chain . Owning and operating “the entire stack,” as opposed to running on Ethereum, provides important advantages, Rodriguez says.  “Not only can you potentially monetize at every layer of the stack, but because you own that full stack, you’re actually able to have full customization of your application.” On an app chain like those offered in the Cosmos ecosystem, applications and ch...

Cross-chain services are suspended for Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq. Cross- chain protocol Multi chain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol's leadership may have been arrested in China amid ongoing technical issues.  "The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance," noted a Twitter thread. As reported by Cointelegraph, the protocol has experienced technical problems over the past week, with transactions delayed across multiple cross-chain bridges without a clear explanation. In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CE...

China and Hong Kong are pouring money into the blockchain logistics industry to take the lead. After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial Logistics tool in the long term. According to a report by The South China Morning Post, GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool. The platform is based on a permissioned blockchain with strong data governance, allowing only authorized parties to contribute and consume shipping-related data. Since launching its blockchain -based shipping platform in 2021, GSBN has tapped major shipping partners like Cosco, OOCL and Hapag-Lloyd. The organization has also reached partnersh...

The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support block chain startups on the continent. While global block chain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at lower entry valuations on average than in prior years.” Startups Offering Blockchain-Based Solutions Qualify for Funding The pan-African venture capital firm, Echovc, recently said it had launched an $8 million fund which is dedicated to Africa’s block chain startups. According to the company’s blog post, the fund known as the Echovc Chain will be accessible to startups that are attempting to solve the continent’s challenges using the block chain . As noted in a report by Techcabal, Echovc’s new fund has been launched at a time when global funding for crypto and block chain startups has been declining. The drop in funding has already forced some entrepreneurs to sell thei...

Cointelegraph interviewed the protocol team at ETHDenver 2023 about the new operating system and funds raised to help Ukrainians last year. The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023. In an interview with Cointelegraph's Turner Wright during the event, NEAR co-founder Illia Polosukhin spoke on how the ecosystem is moving closer to user's needs and the release of the Blockchain Operating System (BOS). According to the NEAR's team, the system works with any blockchain or Web2 backend, allowing users to have the experience of using a single app, even when switching between applications or chain s. For developers, the solutions promise to deliver decentralized and composable frontends, enabling the fork of pieces and components, an...