#multichain

[cloudbit-global]

📣 Breaking News! We are happy to announce, that we get listed on CoinInn!

🔗https://coininn.com/announcement/668e70c3f29301249011d869

📜 CA: 0xaf8b1b1bb4a47f537932968C7DE6E251dd50C6a9

🔝 Turn on post notifications

[christophbergmann]

Multichain-Hack: Mittlerweile schon mehr als 240 Millionen Dollar gestohlen

Multichain-Hack: Mittlerweile schon mehr als 240 Millionen Dollar gestohlen

Die Crosschain-Brücke Multichain wurde erneut gehackt. Nach allem, was bekannt ist, wurden zunächst Assets im Wert von 130 Millionen Dollar entwendet, gefolgt von weiteren 120 Millionen Dollar. Die Ursache ist derzeit nicht bekannt. Continue reading Untitled

[oliverethanrobin]

Bitget Wallet: Surpassing MetaMask in the Web3 Space

In an impressive feat, Bitget Wallet has surpassed MetaMask to become the most downloaded Web3 wallet. With over 30 million users globally, Bitget's rapid growth is driven by its cutting-edge features like multi-chain aggregation and NFT integration. As a non-custodial wallet, Bitget provides users with unparalleled security and control over their digital assets, positioning itself as a leader in the blockchain industry. From Europe to Asia and Africa, Bitget's innovative approach is reshaping how users interact with cryptocurrencies and decentralized applications. Join the Web3 revolution with Bitget Wallet and experience the future of digital finance.

[bettreworld]

Interoperability & Multi-chain as a Service (S01E13)

[kezexofficial]

What is required for airdrop?

Airdrops have grown in popularity among crypto tokens enthusiasts, providing individuals with the option to earn free tokens or coins. But what exactly are the requirements for participating in an airdrop? In this complete guide, we'll look at how airdrops function and what you need to do to participate.

Understanding Airdrops

Airdrops are a marketing strategy used by blockchain projects to provide tokens or currencies to wallet addresses for free. This method seeks to raise awareness, encourage user adoption, and reward early supporters of a project. Airdrops might differ in terms of the number of tokens released and the eligibility requirements.

Requirements for Airdrop

Participating in an airdrop typically requires the following:

Wallet Address: To get airdropped tokens, you'll need a compatible cryptocurrency wallet address. MetaMask, Trust Wallet, and MyEtherWallet are among the most popular wallets for Ethereum tokens.

KYC Verification (Optional):  Some airdrops may need participants to go through Know Your Customer (KYC) authentication to meet regulatory requirements. This step includes giving personal information and paperwork to prove your identification.

Follow the Project's Instructions: To qualify for an airdrop, volunteers must fulfill the guidelines specific to that airdrop. This could involve joining the project's social media platforms, accomplishing particular objectives, or having a certain number of tokens in your wallet.

Timing: It is critical to understand the airdrop timetable and guarantee that all requirements are met before the deadline. Missing the deadline may disqualify you from earning the free tokens.

Conclusion

Airdrops are an exciting method to acquire free tokens or money in the cryptocurrency industry. Understanding the standards and taking the appropriate steps will boost your chances of participation in successful airdrop campaigns. Keep an eye out for upcoming airdrops and keep up with the newest developments in the blockchain sector.

Engaging FAQs

1. Are airdrops free?

Yes, airdrops are normally free to participants. Tokens or currencies are distributed to approved wallet addresses with no payment required.

2. How can I find out about upcoming airdrops?

To stay informed about planned airdrops, follow cryptocurrency news websites, join relevant social media communities, and subscribe to project newsletters.

3. Can I participate in multiple airdrops?

Yes, you can participate in several airdrops as long as you match the standards set by each project. However, it is critical to pick projects that correspond with your interests and investing objectives.

4. Are airdrops a guaranteed way to make money?

Airdrops provide the potential to receive free tokens, but there is no assurance of profitability. The market value of airdropped coins varies, and some projects may fail in the long run.

5. Are there any risks associated with participating in airdrops?

One potential risk of engaging in airdrops is the disclosure of personal information during the KYC registration procedure. To reduce hazards, conduct research and only participate in airdrops from trustworthy projects.

[technewsbite]

Ready to take your NFT game to the next level? Wondering what a white-label multi-chain NFT platform can offer?

Discover the features that make it a game-changer for creators and collectors alike!

Link: https://bit.ly/493QXW6

[dencyemily]

XMR Faces Downward Pressure as Binance Reveals Token Delistings

The recent announcement by Binance regarding the delisting of several tokens, including Monero (XMR), has resulted in a substantial 11.841% decline in the price of XMR within a 24-hour period. Binance's periodic reviews, considering factors such as team commitment, trading volume, and network stability, led to the decision to delist certain tokens by February 20, 2024, as part of the exchange's commitment to user protection.

The delisting affects specific trading pairs, including ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT. Binance has provided users with important dates to manage their assets, outlining deadlines for deposits, withdrawals, and automatic conversion possibilities into stablecoins. Additionally, various Binance services, such as Binance Simple Earn, Auto-Invest, Loans, Margin trading, Futures, Convert, Gift Card, and Pay services, will be impacted by the delisting.

The market's response to the news has been evident in Monero's significant price drop to $137.82, placing it at the 35th spot in terms of market capitalization, approximately $2.7 billion. The sudden price decline underscores the market's reactivity to exchange decisions.

Binance has advised users to closely monitor their investments and take necessary actions to mitigate potential losses, including redeeming products, closing loan positions, and transferring assets from margin wallets. The delisting decision reflects Binance's dedication to ensuring security and stability in its trading system, while also highlighting the cryptocurrency market's susceptibility to fluctuations influenced by exchange policies.

[cryptochatter]

🚀 Ready to supercharge your DeFi game?

Discover the secret to hassle-free token swaps and multi-chain DeFi with our guide on the Top Arbitrum DEXs! 🔥

Check it out now 👉

[coinatory]

Circle, Tether freezes over $65M in assets transferred from Multichain

Multichain's operations have been halted following an unexplained transfer of millions of dollars worth of crypto assets on July 6. Circle and Tether, the issuers of stablecoins, have frozen assets totaling more than $65 million, which are believed to be linked to a suspected exploit of Multichain's cross-chain router protocol. Specifically, three addresses that received at least $63.2 million in USD Coin (USDC) and two addresses containing over $2.5 million in Tether (USDT) have been frozen. This comes after a significant outflow from the Multichain MPC bridge on the aforementioned date. The abnormal transfer of over $125 million in cryptocurrencies affected various wallets associated with Multichain, including Fantom Bridge, Dogechain, Moonriver, Kava, and Conflux's ecosystems. The reason behind this unusual asset transfer remains

Read more on Circle, Tether freezes over $65M in assets transferred from Multichain

[cloudbit-global]

📢 Breaking News: Cloudbit Classic $CDBC is now acessible trough crosschain/multichain bridge contracts!

🔗 Source: https://cloudbitex.com/#tokenomics

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[bharathjoseph]

NFTs in Multichain & Blockchain

Introduction

The rise of Non-Fungible Tokens (NFTs) has been one of the biggest trends in the crypto world in recent years. NFTs allow creators to monetize their digital creations and offer collectors a way to own unique and authentic digital assets. While Ethereum has been the go-to blockchain for NFTs, a multichain future is emerging, and other blockchains are starting to offer their own unique features and advantages for NFTs.

Future of NFTs in Multichain & Blockchain 

Non-fungible tokens (NFTs) have gained significant popularity in recent years as a way to represent ownership and authenticity of digital assets such as art, music, and video content. As blockchain technology continues to evolve and more blockchains emerge, it's likely that NFTs will become a part of a multichain future.

Currently, most NFTs are based on the Ethereum blockchain, but other blockchains such as Binance Smart Chain, Polygon, and Solana are also starting to gain traction for NFTs. As more blockchains become available, it's possible that NFTs will become more interoperable and allow for cross-chain transactions.

In a multichain future, NFTs may become more diverse and specialized. Different blockchains may have unique features that make them better suited for certain types of NFTs. For example, a blockchain with faster transaction times may be more suitable for NFTs related to gaming, while a blockchain with better privacy features may be more suitable for NFTs related to confidential documents.

Additionally, as more blockchains emerge, there may be increased competition for NFT marketplaces and platforms. It's possible that NFT marketplaces Development Services may need to support multiple blockchains to remain competitive and attract a wider audience of buyers and sellers.

In summary, the evolution of NFTs in a multichain future is likely to lead to more diverse and specialized NFTs, increased interoperability, and potentially increased competition among NFT marketplaces and platforms.

Some Top Blockchains for NFT Development 

Ethereum

Ethereum is currently the most popular blockchain for NFTs. Its smart contract functionality allows for the creation of complex NFTs, and it has a large ecosystem of developers, marketplaces, and wallets that support NFTs. However, Ethereum has faced challenges with high fees and scalability, which has led to the emergence of other blockchains.

Binance Smart Chain (BSC)

Binance Smart Chain is a newer blockchain that has gained popularity for NFTs due to its low fees and fast transaction times. BSC is compatible with the Ethereum Virtual Machine (EVM), which means that Ethereum-based NFTs can easily be ported over to BSC. However, BSC has been criticized for being more centralized than other blockchains.

Polygon (MATIC)

Polygon is another popular blockchain for NFTs. It is built on top of Ethereum, which means that it is compatible with Ethereum-based NFTs. Polygon offers faster transaction times and lower fees than Ethereum, making it an attractive alternative for NFT creators and collectors.

Solana (SOL)

Solana is a newer blockchain that has gained popularity for its fast transaction times and high scalability. It is designed for high-performance applications and is well-suited for NFTs related to gaming and other interactive experiences. Solana has a growing ecosystem of NFT marketplaces and platforms.

How to Develop an NFT in Top Blockchain? 

Conclusion

The evolution of NFTs in a multichain future is exciting because it offers more options and opportunities for creators and collectors. While Ethereum is currently the most popular blockchain for NFTs, other blockchains such as Binance Smart Chain, Polygon, and Solana are starting to gain traction. Each blockchain has its own unique features and advantages, and it will be interesting to see how NFTs evolve on these different blockchains.

[christophbergmann]

"... und dann kann der User bezahlen, womit er will, und du bekommst es als das Asset, das du möchtest, auf der Chain, die du möchtest."

"... und dann kann der User bezahlen, womit er will, und du bekommst es als das Asset, das du möchtest, auf der Chain, die du möchtest." LI.FI aus Berlin aggregiert Bridges - was in einer Zukunft multipler Blockchains essenziell sein kann.

LI.FI aus Berlin aggregiert Bridges – was in einer Zukunft multipler Blockchains eine essenzielle Infrastruktur sein wird. Wir haben mit Philipp Zentner gesprochen, dem Mitgründer des Startups, das in nur zwei Jahren rasant gewachsen ist – und es sogar in die wichtigste Web3-Wallet überhaupt geschafft hat. (more…) “”

[hedgepay]

HedgePay is now available on ETH & BSC

We are delighted to announce a partnership with multichain, together we improve accessibility across blockchains!

Users can use https://app.multichain.org/#/router to transfer within eth and bsc

[theconnecter]

Exploring The Advantages Of A Decentralized Crypto Wallet

Crypto currency has brought about a plethora of options for storing and managing digital assets in the realm of digital finance. Among these options, decentralized crypto wallets have gained significant popularity owing to their unique advantages and user-centric features. In this article, we will explore the advantages of using a decentralized crypto wallet and why it is becoming the preferred choice for many crypto enthusiasts.

What is a Decentralized Crypto Wallet?

A decentralized crypto wallet, also known as a non custodial wallet crypto, is different from traditional online crypto wallets in one fundamental aspect: control. Unlike custodial wallets, where a third party holds the user's private keys and, hence, control over their funds, decentralized wallets empower users with complete control over their digital assets. This means that users are solely responsible for safeguarding their private keys and managing their funds securely.

Advantages of a Decentralized Crypto Wallet:

1. Enhanced Security:

One of the primary advantages of decentralized crypto wallets is enhanced security. As they eliminate the need to entrust private keys to a centralized entity, users mitigate the risk of potential hacks or security breaches. With complete control over their private keys, users can rest assured knowing that their funds are protected against unauthorized access.

2. Sovereignty and Control:

Decentralized wallets embody the core ethos of cryptocurrency - decentralization. Users retain sovereignty and complete control over their funds, free from the constraints of centralized intermediaries. This autonomy aligns with the foundational principles of blockchain technology, fostering trust and transparency within the ecosystem.

3. Flexibility and Compatibility:

Many decentralized wallets, such as The Connecter's Multichain Crypto Wallet, offer support for multiple blockchain networks. This versatility enables users to manage a diverse range of digital assets from a single interface, streamlining the user experience and eliminating the need for multiple wallets.

4. Privacy Protection:

Decentralized wallets prioritize user privacy by minimizing the collection of personal information. Unlike centralized exchanges or custodial wallets that may require extensive KYC (Know Your Customer) verification processes, decentralized wallets offer a level of anonymity that appeals to privacy-conscious users.

5. Access Anytime, Anywhere:

With decentralized wallets, users are not bound by geographical limitations or reliance on third-party services. As long as users have access to the internet, they can manage their digital assets anytime, anywhere, without being subject to downtime or service interruptions.

In conclusion, decentralized crypto wallets offer a host of advantages that cater to the evolving needs of cryptocurrency users. From enhanced security and privacy protection to sovereignty and compatibility, these wallets embody the principles of decentralization while providing a user-friendly experience. As the digital asset landscape continues to evolve, decentralized wallets, such as The Connecter's multichain crypto wallet, stand at the forefront of innovation, empowering users with control, security, and flexibility in managing their digital assets. For more information visit the website: https://www.theconnecter.io/.

[kezexofficial]

What crypto exchange is decentralized?

Understanding Decentralized Crypto Exchanges

In the ever-changing world of cryptocurrencies, decentralized exchanges (DEX) have emerged as a game changer. What does it mean for a cryptocurrency exchange to be decentralized? 

Breaking Down Decentralization in Crypto Exchanges

Decentralization in cryptocurrency exchanges refers to the lack of a central authority overseeing the platform's functioning. Decentralized exchanges operate on a peer-to-peer network, as opposed to traditional exchanges, which are controlled by a central institution that conducts trade.

Key Characteristics of Decentralized Crypto Exchanges

Peer-to-Peer Transactions: DEX enables direct transactions between users, eliminating the need for intermediaries.

Non-Custodial: Users keep control of their funds throughout the trading process, lowering the danger of hacking or fraud that comes with centralized exchanges.

Transparency: DEX transactions are recorded on a public blockchain, which ensures their transparency and immutability.

Resistance to Censorship: Because there is no central authority to shut down, decentralized exchanges are less vulnerable to censorship and regulatory meddling.

Popular Decentralized Crypto Exchanges

Uniswap: Founded in 2018, Uniswap is a major decentralized exchange based on the Ethereum blockchain. It enables users to exchange ERC-20 tokens without the requirement for a middleman.

SushiSwap: Forked from Uniswap, SushiSwap adds features like yield farming and staking, drawing a big user base in the DeFi community.

Balancer: Balancer is a decentralized asset management platform that allows users to design and maintain automated portfolio strategies.

PancakeSwap: Built on the Binance Smart Chain, PancakeSwap became famous because of its low transaction costs and fast trading. 

Advantages of Decentralized Crypto Exchanges

Security: Users have complete control over their funds, which reduces the likelihood of theft or hacking.

Privacy: Because users are not required to register accounts or give personal information, DEX provides a higher level of privacy.

Global Accessibility: Anyone with an internet connection can use decentralized exchanges, regardless of geographical location or financial standing.

Lower Fees: DEX often charge lower fees than centralized exchanges, making them more affordable for traders. 

Challenges and Limitations

Liquidity: Decentralized exchanges often struggle with liquidity issues, which can lead to slippage and higher trading costs for users.

User Experience: While the user interface of DEX has improved over time, it still faces challenges in terms of usability and accessibility for novice traders.

Regulatory Uncertainty: The regulatory landscape surrounding decentralized exchanges is still evolving, posing potential risks for users and developers.

Conclusion

Decentralized cryptotokens exchanges mark a crucial step toward a more transparent, safe, and inclusive financial system. While they provide their own set of issues, the advantages they provide in terms of security, anonymity, and accessibility make them an appealing alternative for crypto traders worldwide. As the crypto sector evolves, decentralized exchanges will play an important role in influencing the future of finance.

Check our latest blog - How to Launch a Crypto Token and Get It Listed