[ad_1]
Feb. 29: Tea Protocol, founded by Max Howell, the creator of Homebrew’s open-source software package management, said that his “latest project leverages blockchain technology to address longstanding challenges in OSS development, marking a significant step towards a more sustainable and equitable ecosystem for software creators.” According to the team, Tea is “at the forefront of supporting OSS development through Web3 technology. This innovative approach ensures transparent and fair compensation for developers, enhancing collaboration and innovation within the open-source community.”
Crypto Losses From Hacks, Rug Pulls Up 15% YTD, Immunefi Says
Feb. 29: Immunefi, a bug bounty and security services platform for Web3 protecting over $60 billion in assets, released its “Crypto Losses in February 2024” report, showing a loss of $200.5 million to hacks and rug pulls in 2024 year-to-date, a 15.4% increase when compared with the same period in 2023. For the month of February alone, some $67.1 million was lost due to hacks and rug pulls, with the most targeted chain being Ethereum. Hacks continued to be the predominant cause of losses, accounting for $65.4 million, compared to fraud.
Bitcoin Miner Marathon, Plans ‘Anduro,’ a Multi-Chain Layer-2
Feb. 29: Marathon Digital Holdings, a publicly-traded bitcoin mining firm, disclosed it has been incubating Anduro, a new programmable, multi-chain layer-2 network atop the Bitcoin blockchain. It’s a “platform built on the Bitcoin network that allows for the creation of multiple sidechains,” according to a press release. “Marathon is already developing the first two sidechains on Anduro, Coordinate and Alys, which can be further developed by open-source contributors. These chains demonstrate Anduro’s flexible programmability. Coordinate offers a cost-effective UTXO stack for the Ordinals community, whereas Alys is an Ethereum-compatible chain for institutional asset tokenization. Anduro’s sidechains utilize a process called merge-mining. Participating miners, like Marathon, may be able to earn Bitcoin-denominated revenue from transactions that occur on Anduro’s sidechains while continuing to mine bitcoin on the base-layer uninterruptedly.”
Coinbase Adds ‘Smart Wallet’ Feature, So Lengthy Seed Phrases Aren’t Needed
Feb. 29: Coinbase, the publicly traded U.S. cryptocurrency exchange, is coming out with two new wallet solutions that are supposed to make the onboarding of new users into crypto easier. The features, known as their smart wallet and embedded wallets, aim to overcome hurdles that often come with the clunky user experience when creating crypto wallets.
Shiba Inu Adopts Tech to Bring More Privacy to SHIB Token Holders
Feb. 29: Shiba Inu plans to introduce a new privacy-focused network on top of the Shibarium blockchain in a move that boosts the value proposition of SHIB tokens, a representative shared with CoinDesk in a release on Wednesday. Shiba Inu is working with open-source cryptography company Zama on the as-yet-unnamed network. The network will use Fully Homomorphic Encryption (FHE) – a privacy tool that lets developers use data on untrusted domains without needing to decrypt it. {{SHIB}}
Rarible, NFT Infrastructure Provider, Launches ‘Rarible API’
Feb. 29: Rarible, a provider of real-time infrastructure for NFT wallets, games and marketplaces, launched “Rarible API,” which is “designed to simplify the complex nature of building in the NFT space,” according to the team: “It offers a comprehensive set of features, meeting the ever evolving needs of the Web3 ecosystem, including a real-time NFT indexer, aggregated order book, multi-chain support and trading SDK. Built with developers and creators in mind, Rarible API provides a robust infrastructure, enabling and inspiring the invention of future NFT experiences.
Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here. Also please check out our weekly The Protocol podcast.
[ad_2]
Source link
