Fun

News Feed - 2023-08-01 10:08:00

Gareth Jenkinson11 hours agoSushiSwap furthers cross-chain functionality with Core integrationSushiSwap brings liquidity pools, cross-chain swaps and its DEX aggregator to the Core blockchain ecosystem.1505 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksDecentralized finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol, Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality.


The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the protocol gaining access to SushiSwap’s liquidity pools, cross-chain swaps and its decentralized exchange (DEX) aggregator.


The liquidity of SushiSwap’s automated market maker platform is also set to benefit the Core ecosystem, with the additional liquidity from the integration expected to improve the functionality of other DeFi protocols operating on Core.


SushiSwap joins ArcherSwap, IceCreamSwap and OpenEx as the main DeFi protocols operating on Core’s network. SushiSwap users are also set to benefit from further cross-chain functionality facilitated by Core’s protocol.


A spokesperson for Core outlined the technical side of the Bitcoin-powered blockchain, which integrates both proof-of-work (PoW) and proof-of-stake (PoS)consensus mechanisms to provide privacy, scalability and security to its protocol.“This approach leverages the existing Bitcoin infrastructure for security and decentralization through delegated hash power. Currently, 40% of Bitcoin’s hash is delegated to Core. Core is EVM-compatible, allowing use cases that otherwise would not be possible on Bitcoin.“


Related: Vyper vulnerability exposes DeFi ecosystem to stress tests


According to the Core team, its proprietary Satoshi Plus consensus mechanism combines critical elements of the two different consensus mechanisms. Satoshi Plus uses Bitcoin (BTC) miners that participate in the election of Core’s validator set by delegating hashing power to specified validators.


Core then “compliments” the decentralized security of the Bitcoin consensus mechanism by using a form of Ethereum’s PoS:“Satoshi Plus leverages DPoS to verify transactions by selecting validators that have a combination of staked native tokens and delegated hash power, providing scalability on top of PoW’s significant decentralization and security.“


As previously reported by Cointelegraph, Sushi “head chef” Jared Grey addressed concerns following a subpoena from the United States Securities and Exchange Commission. This led to the establishment of a cautionary $3 million Sushi DAO legal defense fund to combat any potential legal issues in the future.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine: How smart people invest in dumb memecoins: 3-point plan for success# Bitcoin# Blockchain# Ethereum# DeFi# SushiSwapAdd reactionAdd reactionRelated NewsHow to earn passive income with peer-to-peer lendingCrypto trader weighs in on possible Bitcoin extinction scenariosWe need to fundamentally change how smart contracts operateCrypto lender Geist Finance shuts down permanently over Multichain hackBitget surpasses 20M users as wallet integration spurs trading volumesEra Lend on zkSync exploited for $3.4M in reentrancy attack

News Feed

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion
ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion usi
Marcel Pechman7 hours agoBinance drops majority of USD Coin reserves — Latest USDC newsThis week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it r
Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Rakesh Upadhyay3 hours agoPrice analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADAThe S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.930 Total v
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin
Federal Reserve"s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With BitcoinThe U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates
Bitcoin’s 3% Price Rise Neutralizes Bearish Setup
View Bitcoin has again bounced up from $7,800 support, neutralizing the immediate bearish setup. A break above $8,820 is needed to invalidate the lower-highs setup and confirm a bull reversal. A bullish close, if confirm
Vitalik Buterin donates over $500K in animal-themed coins to charity
Ezra Reguerra10 hours agoVitalik Buterin donates over $500K in animal-themed coins to charityVitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities.8362 Total vie
Executive Leaves Goldman Sachs for Coinbase — Says It’s Time to Embrace Crypto, Create Economic Freedom
Executive Leaves Goldman Sachs for Coinbase — Says It"s Time to Embrace Crypto, Create Economic Freedom An executive at Goldman Sachs is joining Coinbase after 16 years at the gl
David Attlee3 minutes agoSpain launches AI regulation agency in bid to become industry leaderSpain has become one of the first countries in the European Union to establish its own task force for regulating Artificial Int
Spot Ethereum ETFs seen with over $1B in trading volume on debut
Brayden Lindrea57 minutes agoSpot Ethereum ETFs seen with over $1B in trading volume on debutBloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and
Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview
Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin dur
Ezra Reguerra11 hours agoBinance launches AI-powered NFT generator for KYC-verified usersBinance said it will provide 10 free chances for users to generate artwork every day.2966 Total views21 Total sharesListen to artic
US mulls applying fiat reporting mandate on crypto transfers
Arijit Sarkar33 minutes agoUS mulls applying fiat reporting mandate on crypto transfersThe US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, aiming to include cryptocurrencies