Generating

45 related results were found.   
Subscribe Query
Crypto
Verge(XVG)

$3.17e-3

2.10%

Market Cap
52.38m
 

2.10%

Volume (24h)
1.67m
 

26.82%

Released on 25 Oct 2014
TopCryptoNews
TopCryptoNews
followers

The Starknet Foundation’s airdrop of 700 million STRK tokens is now in full effect, as the first round of “provisions” became claimable Tuesday at 7:00 am ET. Since last week’s announcement, Starknet has been dealing with vociferous complaints about everything from eligibility to anti-Sybil measures to decisions about STRK’s underlying tokenomics. A “DeFi Spring” initiative announced yesterday alongside new corrective actions seeks to address some critics’ concerns. About 5 million tokens were claimed in the first five minutes, according to the Starknet Foundation, and STRK briefly traded over $3, about up 50% higher than the pre-launch futures market price, which put it at a fully diluted valuation (FDV) of about $30 billion. The price has since returned to $2.01 — which still gives it an FDV greater than that of Arbitrum. More than 100,000 individual wallets had claimed tokens by 11:30 am ET, Starknet wrote on X. Not all ecosystem participants are happy with the community allocation as it unfolded last week, with several groups arguing they were unfairly left out. Starknet Foundation board member and StarkWare co-founder Eli Ben-Sasson said his team is “aware of some minor things that might need to be fixed.” “When you go and you try to distribute to 1.3 million addresses, it’s gonna be challenging and we are a very capable team technologically, and we have the best interests in getting it right,” Ben-Sasson told Blockworks. “Things that should be fixed and cannot be fixed ‘til Tuesday — we will do our best to try and fix them later on.” The airdrop was novel in its efforts to reward Ethereum stakers. But a technical misstep appears to have earmarked STRK tokens for a subset of those stakers — Rocketpool minipool operators — to a smart contract address rather than the users’ own wallets. Starknet is investigating, pledging to rectify inadvertent misallocations in future token releases. “We’re aware of the feedback that some dedicated community members and network users feel they have been overlooked due to certain Provisions criteria, and we are actively working to address these concerns,” the Foundation said Tuesday in a statement sent to Blockworks. One well-to-do solo staker running more than 1,000 validators was confused for a centralized exchange — one of several occurrences corrected by Starknet partner Rated.Network, which tracked staking activity for the Foundation. GitHub and Starknet activity: Too much or too little? Starknet took the unusual step of rewarding developers both in and out of the crypto industry based on their GitHub activity. That prompted at least one developer to crow about a 1,800 STRK allocation based on fixing a single typo in a repository. Others initially missed out due to having abandoned their GitHub username, but Starknet said they are reserving 1 million STRK for this group of 1,900 developers. Another common criticism was the somewhat arbitrary requirement that Starknet accounts hold 0.005 ETH at the time of the November 2023 snapshot. Since most transactions cost only a small fraction of that — one of the selling points of Starknet is cheap transactions — many users who met activity requirements otherwise still received 0 STRK. Loading Tweet.. While not addressing the specific cause Starknet did target Ekubo users among its “DeFi Spring” follow-up campaign. Anti-Sybil efforts, a mixed bag The term “Sybil attack” in the crypto-airdrop context originates from the 1973 book “Sybil,” by Flora Rheta Schreiber, which tells the story of a woman diagnosed with Multiple Personality Disorder. It’s applied to a person who attempts to exploit an airdrop by creating multiple fake identities or wallets to gain a disproportionate advantage. The term pre-dates crypto, coined by Brian Zill while at Microsoft in 2002. Complaints from users who failed to qualify could be viewed as a successful effort to screen for real activity. But clearly these measures are imperfect, as one prominent airdrop hunter bragged that 179 out of 213 of their wallets received between 650 and 850 STRK each. Loading Tweet.. Token generation and vesting The schedule for team and investor unlocks and vesting is among the more strident critiques of Starknet’s token strategy. It’s also one that may be harder to shake. Most efforts to decentralize crypto networks via a utility or governance token involve a programmed vesting schedule designed to prevent insiders from quickly selling their token allocations. In Starknet’s case, the STRK token was technically created in November 2022, but remained non-transferable until today. The team and investor allocations initially carried a 1-year cliff, but when the token distribution plan was not yet ready as November 2023 approached, the cliff was extended to April 15, 2024. Read more: Starknet Foundation teases STRK token airdrop The 4-year vesting schedule remained unaffected, however, meaning that a sizable portion of the total supply will be circulating in less than two months, Ben-Sasson said. “After one year, it would have been one quarter, after one year and a few months — which is the current situation — closer to one third of the amount locked there,” he said. Only the cliff was a configurable parameter in an otherwise non-upgradeable Ethereum smart contract, and the team chose April although a maximum of a year’s delay was possible. That doesn’t sit well with some observers who consider it an unusual system that disproportionately benefits insiders. Aleo co-founder Alex Pruden, who has been a vocal critic of Starknet’s tokenomics for years, once again pointed to this policy as a red flag following last week’s announcement. He drew a stark contrast to the way the tokens for optimistic rollup development teams from OP Labs and Offchain Labs were vested. “The team has to wait two years before it can see any of the value of this network that they’re building and therefore they’re aligned to keep building it, they’re aligned to move in the direction of decentralization,” Pruden said. “Whereas StarkWare, here, a very significant portion of the value is going to be unlocked for them.” StarkWare responded that, “as with everything related to building technology and everything around it, lots of options were considered for every question that arose. Blockchain is an emerging space, and its ‘norms’ are constantly shifting.” Many critics imply that the token unlocking schedule was somehow obfuscated, referring to the November 2022 token-generation-event (TGE) as “stealth.” But StarkWare stressed that it has always been open about its plans. “The most important thing is full transparency, which is what the readers and the public [have] received,” Ben-Sasson said, pointing out that even if the cliff were delayed to the maximum, the total amount of tokens on the market in November 2024 would be the same. “I think people will factor this in alongside all of the other innovative stuff that we’re doing.” He rejected any notion that the token unlocks might call into question StarkWare’s focus. “As far as the eye can see at least 150 employees of StarkWare will be doing one thing which is continuing to trailblaze in the space of validity rollups — which we pretty much invented, from the math through the technology to putting it first to use on Ethereum,” he said. Moving beyond the airdrop The STRK claims process itself appears to be going smoothly, and Ben-Sasson is eager to put this phase behind him. Loading Tweet.. “We’re very happy that ‘provisions’ is happening, but God, I want [it] to be behind so we can go back to discussing only the technology and its social impact on economy and society,” he said. “When I come to work every day, the things that make me passionate are the math breakthroughs, the engineering breakthroughs, the development breakthroughs that are unfolding here, week by week.” $STRK #STRK #STARK #Write2Earn #TrendingTopic

8 days ago
Decrypt
Decrypt
What Are Stealth Addresses? - Decrypt
11 months ago
bebengchuchuy
bebengchuchuy
Tokentraverse
Tokentraverse
followers

Bitcoin transactions are recorded on a public ledger called the blockchain, which makes the movement of bitcoins transparent and traceable. This means that even though Bitcoin transactions are pseudonymous, it is still possible to trace them back to the user through various methods, including the analysis of transaction patterns and the use of blockchain analysis tools. While it is technically possible to use privacy-enhancing technologies like cryptographic mixers to obfuscate the source of a transaction, exchanges and regulatory authorities can still employ methods to identify the user. Moreover, most reputable exchanges are required to comply with anti-money laundering (AML) and know your customer (KYC) regulations, which often entail verifying the identity of users before they can withdraw funds. This involves providing verifiable identification documents, such as a government-issued ID or a passport, to the exchange. Therefore, it is important for users to understand that withdrawing Bitcoin from an exchange does not guarantee anonymity, and users should be aware of the potential traceability and regulatory requirements associated with cryptocurrencies. Certainly! Here are five steps outlining methods to enhance privacy when dealing with Bitcoin: 1. Use a Privacy-Focused Wallet: Utilize a privacy-focused wallet, such as Wasabi Wallet or Samourai Wallet, which incorporates features designed to enhance financial privacy, such as CoinJoin and stealth addresses. 2. Utilize CoinJoin Services: Engage with CoinJoin services, which allow multiple users to combine their Bitcoin payments into one transaction, making it harder to trace the source of the funds. Services like JoinMarket and Wasabi Wallet provide CoinJoin functionality. 3. Use VPNs and Tor: Employ VPNs (Virtual Private Networks) and the Tor network to obfuscate your IP address and online activity, potentially enhancing your privacy when interacting with Bitcoin-related services. 4. Rotate Receiving Addresses: Regularly rotate your Bitcoin receiving addresses to reduce the chance of someone linking multiple transactions to the same wallet. This can be easily accomplished with most Bitcoin wallets and helps to enhance privacy. 5. Educate yourself: Stay informed about privacy best practices within the cryptocurrency space. Keeping abreast of the latest developments in privacy-focused technologies and methodologies can help bolster your understanding of how to enhance privacy when using Bitcoin. By following these steps and employing these methods, users can take proactive measures to enhance the privacy of their Bitcoin transactions and holdings.

2 months ago
Crypto
Veil(VEIL)

$3.94e-3

0.28%

Market Cap
339.11k
 

0.28%

Volume (24h)
225.92
 

0.27%

Released on 02 Apr 2019
Linkan
Linkan
followers

Ethereum's Silent Surge: Why ETH Could Be the Dark Horse of the Crypto World 🚀 Hey there, it's Linkan! If you're like me, you've been watching Bitcoin's ETF saga unfold and wondering, "What's the deal with Ethereum?" Well, I've been digging deep, and I've got some insights that could make even the most seasoned crypto investor do a double take. Ready to get the inside scoop? 🌩️ Key Takeaways Ethereum's Stealth Mode: While Bitcoin's making headlines with ETFs, Ethereum's been quietly plotting its course. Think of it as the introverted genius in a room full of loudmouths—Ethereum might just surprise us all. The Hidden Potential of Ethereum ETFs: Bitcoin ( $BTC ) ETFs are all the rage, but Ethereum ETFs are the unsung heroes waiting in the wings. Imagine stumbling upon a hidden gem in a sea of stones—that's Ethereum for you. The Self-Custody Imperative: Holding your own crypto keys isn't just smart; it's essential. It's like having the only copy of a treasure map. Milestone Unlocked: Ethereum's not just sitting idle; it recently crossed a significant user adoption milestone. Over 100 million addresses are now holding some amount of $ETH . That's not just a statistic; it's a movement. Why Should You Care? If you're on the Ethereum train or considering hopping on, now might be the time to secure your seat. With Ethereum ETFs still under the radar and a surge in user adoption, we could be on the brink of an Ethereum rally that'll make history. 🚀 What's Next? So, are you as bullish on Ethereum as I am, or do you have reservations? 🐂🐻 🔒 Disclaimer: This content is not financial advice. Always do your own research before making any investment decisions. #Ethereum #CryptoUpdate #ETFs #BinanceSquare #MarketTrends So, spill the beans! Do you think Ethereum is about to make a groundbreaking move? I'm all ears! 🤔

4 months ago
vitalik.eth
4.81m followers

An incomplete guide to stealth addresses:

vitalik.eth.limo/general/2023/0…

1.28m
4.89k
3.23k
1.73k
about 1 year ago
Crypto
Alias(ALIAS)

$0.02

1.05%

Market Cap
N/A
 

Volume (24h)
53.86
 

1.13%

Released on 14 Jan 2017
Crypto
Market Cap
567.46k
 

2.39%

Volume (24h)
24.71
 

78.03%

Released on 23 Feb 2021

Loading...