September 18, 2022

[ad_1] Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies. On Sept. 15, 1Inch revealed the lack of safety in using Profanity as …

Profanity tool vulnerability drains $3.3M despite 1Inch warning Read More »

[ad_1] Sports fans have something to cheer about as Maincard looks set to bring various fantasy sports to the Polygon network. The Web3 platform is launching its alpha version — dubbed the “testnet” — on the Ethereum scaling solution on September 20, 2022, ahead of the full version’s scheduled November release.  Maincard is also appealing …

Maincard brings fantasy sports to Polygon with its alpha launch Read More »

[ad_1] Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is …

Flashbots build over 82% relay blocks, adding to Ethereum centralization Read More »

[ad_1] The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem. South Korea’s interest in garnering Web3 and the Metaverse ecosystems is evidenced by the …

South Korean ministry recommends enactment of special Metaverse laws Read More »