A crypto enthusiast, p0pular.eth, successfully convinced the AI agent Freysa to transfer its entire prize pool of 13.19 ETH (approximately $47,000) by cleverly resetting its instructions. This achievement came after 481 failed attempts, showcasing the innovative strategies employed by participants. The event has sparked discussions about the project’s transparency and the distribution of funds, with some questioning the developers’ hidden rewards.
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0 posts last weekEthereum Upgrade EIP 7805 Aims to Enhance Censorship Resistance and Decentralization
Ethereum (ETH) faces potential transaction censorship due to centralization, with two entities controlling 95% of block production. The upcoming EIP 7805 upgrade aims to enhance censorship resistance by implementing inclusion lists that require validators to include specific transactions in blocks, thereby redistributing power back to them. Despite this, ETH struggles against Bitcoin (BTC), recently hitting its lowest rate since March 2021.
read moreThe Debate Over Ethereum’s Layer 3 Solutions: Risks and Benefits
Polygon CEO and developers express concerns about Ethereum Layer 3 solutions, arguing that they siphon value from Ethereum to Layer 2 platforms and could undermine Ethereum’s security and value. The recent explosive growth of Degen Chain’s native token sparks debate over the pros and cons of Layer 3 solutions, highlighting potential trade-offs and the need for further research.
read moreBinance Integrates New Ethereum Scaling Solution for Web3 Wallet Users
Binance’s Web3 wallet has integrated a new Ethereum layer-2 scaling solution, allowing users to transfer to and from the Blast Network. Blast has already locked over $2.4 billion in total value, but faces skepticism from some in the crypto community regarding its status as a true layer-2 solution. Despite criticisms, Blast defends its use of a multisig model, similar to other layer-2 solutions like Arbitrum and Polygon.
read moreBlast Reaches $2 Billion TVL Ahead of Mainnet Launch
On February 27, Blast announced reaching $2 billion in total value locked with 157,638 community members earning yields and ‘Blast Points.’ Despite criticism and concerns from industry players, Blast offers additional yields on staking tokens and promises an airdrop in May. The platform recently concluded a ‘Big Bang’ competition, attracting over 3,000 participating teams, and is set to become the third largest layer-2 network upon its mainnet launch, following Arbitrum One and Optimism.
read moreBlast’s Marketing Strategy Criticized by Paradigm, Raises Concerns in Crypto Community
Crypto venture capital firm Paradigm has criticized Blast’s marketing strategy, stating that it “crossed lines in both messaging and execution.” Despite this, Paradigm acknowledges Blast’s team as “world-class builders” but expresses concerns about the project’s centralization and lack of withdrawal functionality. Blast has gained over $555 million in total value locked since its launch, positioning itself as the only Ethereum L2 with native yield for ETH and stablecoins.
read moreBlast Faces Criticism Over Marketing Strategy and Locking User Funds
Crypto venture capital firm Paradigm has criticized Blast’s protocol marketing strategy, particularly its decision to launch a bridge before enabling withdrawals, which has locked user funds for months. Polygon has also voiced concerns about Blast’s centralization and lack of security measures. Despite the criticism, Blast has seen a significant increase in total value locked (TVL) since its launch.
read moreControversial Layer-2 Network Blast Becomes Third-Largest Holder of Staked Ethereum Amid Pyramid Scheme Allegations
Blast, a layer-2 network on Ethereum, has quickly become the third-largest holder of staked Ethereum, accumulating over 140,000 ETH valued at approximately $286 million. However, the platform has faced criticism for its pyramid-like system and lack of withdrawal options. Despite concerns, experts believe the risk of fund theft is low.
read moreEthereum Layer-2 Solution Blast Addresses Security Concerns Amidst Rapid Growth
The development team behind Ethereum Layer-2 solution Blast has responded to concerns about the protocol’s security and operations. Blast claims to be an L2 solution offering native yields on deposits, but a Polygon developer argues it lacks key features and poses risks to user assets. Blast defends its upgradable security model and multi-sig authorization, stating it provides superior protection against bugs and ensures the safety of users’ assets.
read moreBlast Network Faces Security Concerns Amidst Rapid Growth and TVL Surge
The Blast network, a new Web3 protocol, has gained over $400 million in total value locked (TVL) since its launch. However, there are concerns about its security and decentralization, with claims that it is vulnerable to attacks and lacks certain functionalities. The Blast team has responded to these criticisms, asserting that the network is as decentralized as other layer-2 solutions and highlighting the use of upgradeable contracts as a means of safeguarding user funds.
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