Security

Blockchain technology is transforming the online casino industry by enhancing payout efficiency and bolstering security measures. This revolutionary technology ensures transparency and fairness in gaming transactions. Understanding these advancements can significantly benefit both players and operators. As a regular player or an enthusiast of online casinos, it is crucial to stay informed about the latest technological advancements that shape your experience. One such groundbreaking innovation is blockchain technology, which has been making significant waves in various industries, including online gambling.…

Cayman Islands, UK, August 22nd, 2024, Chainwire Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless restaking protocol, will allow developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust security. While rollups have been key to scaling Ethereum, they may fall short when strong decentralization, customization, or interoperability…

Singapore, Singapore, August 22nd, 2024, Chainwire Bitunix, the fastest-growing cryptocurrency derivatives exchange, is committed to providing its users with the highest level of security. As part of its dedication to safeguarding user assets, Bitunix has forged strategic partnerships with industry leaders and implemented comprehensive security measures. Security through Strategic Partnerships Understanding that the security of digital assets is important, Bitunix partnered with Cobo, a top-tier digital asset custody provider, in June 2023. This partnership integrates Cobo’s Wallet-as-a-Service (WaaS) into the…

The rise of cryptocurrency has drastically changed very many industries. Online poker in particular has incorporated different forms of digital currency, including Bitcoin, Ethereum, among others, which has brought numerous advantages that suit the tastes and needs of players globally. Among these advantages are speed, security, anonymity, lower transaction fees and global accessibility. This article explores how cryptocurrency betters the poker experience online under these different dimensions.  Speed: Instant Transactions for Seamless Play One of the greatest benefits to using…

Lending protocol Euler has secured $4 million to enhance the security of its upcoming v2 protocol, incorporating extensive audits, modular design, and expert collaboration to set new safety standards in the DeFi industry. Major Security Upgrade for Euler v2  Euler, a decentralized finance (DeFi) protocol, has allocated $4 million for a comprehensive security overhaul of its upcoming v2 platform. This move, backed by the Euler DAO, involves extensive code audits and the introduction of a modular architecture to reduce risks.…

The post WazirX Update: Restitution of Trades and New Security Measures Underway appeared first on Coinpedia Fintech News In the recent tweet, WazirX is signifying that it is progressing nicely in handling recent issues around the $230 million hack. The platform still has not compensated most of the losses incurred during July 18 – 21, however, it is processing the reversal of transactions that occurred after the suspension of the withdrawal on July 18 at 1 PM IST. Lawyers are…

Parathreads significantly lower the barrier to entry for projects, making Polkadot's ecosystem more accessible and efficient by providing a scalable solution for nascent projects and applications with variable activity. Functionality and Operation Parathreads represent a crucial innovation within the Polkadot ecosystem, offering an alternative to parachains for projects with limited resources. As application-specific data structures or layer-1 blockchains, parathreads operate parallel to Polkadot's relay chain, inheriting its scalability, security, interoperability, and governance features. Unlike parachains, which require dedicated slots on…

Dubai, United Arab Emirates, August 5th, 2024, Chainwire In the ever-evolving world of cryptocurrency, security is the backbone of user confidence and investment safety. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce its latest upgrade in security measures. This upgrade has been rigorously verified by blockchain auditor CertiK, making Bybit the safest option for trading and exploring Web3 via the Bybit Wallet.   This comprehensive security enhancement will address any issues new users may face when…

Image: Space and Time (SxT) x Karak In a unique partnership, Karak, the decentralized security layer that provides universal security with any asset announced a partnership with Space and Time (SxT), a verifiable compute layer that enhances indexing across the blockchain ecosystem. The partnership will see Karak leverage SxT as a zero-knowledge co-processor solution to power a trustless slashing and rewards system for Karak’s Distributed Secure Services (DSS). Moreover, SxT will also develop a DSS on Karak for its ZK-compatible…