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MetaMask Presents Mobile App for Android and iOS

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ConsenSys announced the availability of MetaMask Mobile on iOS and Android. The app is different from the desktop version. On mobile, MetaMask as a native cryptocurrency wallet, is enabled to interact with different dApps, both through a list of featured applications, and by entering a dApp’s URL into a built-in browser.

A browser crypto-focused extension Consensys finally launched a mobile app for its digital wallet MetaMask for iOS and Android on Wednesday. Head of Product at MetaMask, Jacob Cantele, explained that the extension is primarily focused on boosting the development of a new era also known as Web 3.0. In the current model, user data such as login frequency, location and searches are tracked across hundreds of sites, collected and sold without consent, Cantele added.

Unlike the desktop version, the mobile app is the company’s original digital wallet, that has integrated support for various decentralized applications (dApps). The mobile version also allows users to buy Ethereum directly in the app via Apple Pay, debit cards, or other payment methods.

MetaMask Mobile App Benefits

However, from the company, they said the users shouldn’t have problems when transferring from desktop to mobile, as it can all be made simply by generating a QR code in desktop MetaMask and scanning it with the phone. That should sync the entire transaction history to the mobile MetaMask.

Even though the user doesn’t have to possess cryptocurrencies in order to install MetaMask, with adding cryptocurrencies in his MetaMask account (such as ETH and ERC-20 or, ERC-721 tokens) he’ll be able to invest, trade, play games, own unique digital items (NFT collectibles), and much more.

Cryptocurrencies can easily be bought with a debit card or Apple Pay directly within MetaMask by clicking “Add funds”. Users can request funds from a friend by sending them a payment request showing your QR code in person or by sharing your public address.

As security is of utter importance, from the company they stated it is required that the user stores his own seed phrase in a safe place. It is the only way to recover your funds should your device crash or your browser reset. The company recommends for a phrase to be written down and stored somewhere safe. The most common method is to write your 12-word phrase on a piece of paper and store it safely in a place where only you have access.

Implementing Tiered Proprietary License

Last month MetaMask announced dates for a potential dapp-breaking code change and stated that it will move away from its open-source approach after problems with free-riders forking its code.

Therefore, MetaMask adopted what it calls a “tiered proprietary license,” leaving behind its previous permissive MIT license.

Jacob Cantele, MetaMask’s head of product stated:

“Nothing changed for users, dapp developers, or community forks. Our new license is still more permissive than other wallets. Projects commercializing a fork just need to create an agreement with us.”

From the company, they said that they plan to go on with providing MetaMask’s code for inspection and auditing, and for both non-profit organizations and developers of apps with fewer than 10,000 monthly commercial users, the story is much the same as before. This move has an impact only on larger players who want to use MetaMask’s code to power their own wallet functionality.

According to lead developer Dan Finlay, it’s unsustainable for MetaMask to continue to allow other companies free reign to use MetaMask’s code for their own purposes.

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Fidelity Buys 7.4% Stake in Marathon Digital Holdings

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Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.

American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.

Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the production of digital assets. It manages 19000 miners, with an additional 100,000 electronic devices to be implemented in the next 12 months.

The agreement for the deal was concluded at $20 Mn on 22nd July. The shares were distributed across four index-based funds- The Extended Market Index Fund, Fidelity Nasdaq Composite, Fidelity Total Market, and Fidelity Series Total Market Fund. The exchange hoists Fidelity at par with companies like Vanguard Group, Susquehanna, and Blackrock, which already own 7.58%, 2.7%, and 1.59% stakes in Marathon. Even though the percentage distributed to each Index is small, most of the funds are famous in the retirement accounts.

Fidelity holds a top position as one of the world’s largest financial service companies. It has $4.9Tr in assets under a responsibility with more than 35 million clients all over the world. It is known to manage businesses, especially indulging in mutual funds and brokerage services. The purchase reflects the increasing trend among investors to conform to the crypto industry via traditional equity or debt securities.

According to ETF.com, Marathon is a well-liked stock among institutional asset managers with 18 exchange-traded funds currently held by the Marathon group. During a recent interview, Chief Executive officer Fred Thiel exclaimed at the recent affirmation gained by his firm. Thiel said that the past year has witnessed a skyrocketing increase in possession of the company’s stocks. He also added that the company focuses on deploying resources to utilize mining equipment, therefore it prefers to select partner agreements with hosting and power facilities.

Shares in mining stocks have become a public favorite due to their ability to follow the Bitcoin market with heightened instability. Two days ago, the company declared a 66% rise in its Bitcoin production (month-over-month). Marathon has mined 442.2 BTC priced at $16.6 Mn. The company holds a total of 6,225.6 Bitcoins at present, which are valued at $245 Mn. Where BTC increased to 240% since the beginning of this year, Marathon’s shares have peaked at 660% at the very same time.

The credit for the drastic increase in mining activities can be given to China’s recent clampdown on mining activities in the country. This resulted in a prominent decline in Bitcoin’s network hash rate since miners began immigrating to other crypto-friendly nations.

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Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.



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COINTIGER Will List $LEOS, Utility Token of Leonicorn Swap Ecosystem

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At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The Singaporean cryptocurrency exchange Cointiger will list LEOS token, the utility digital asset of the Leonicorn Swap ecosystem. As unveiled in a Press Release shared with Coinspeaker, the Cointiger listing complements the prior listing of the token on PancakeSwap decentralized exchange, marking a new milestone in the project’s roadmap.

The listing of $LEOS on Cointiger will help expand the accessibility of the token to a diverse crypto-savvy population in Asia as customers will be able to access a fiat on and off-ramp for the token. 

The Leonicorn Swap Ecosystem: Multifunctional DEX Platform

The Leonicorn ecosystem is a multifunctional and all-in-one platform that offers an Automated Market Maker (AMM) exchange as its unique value proposition. The exchange is built on the Binance Smart Chain (BSC) network, offering a blend of high transaction speed at a very cheap cost. The Leonicorn exchange particularly sought to upturn the lapses in both centralized (CeFi) and decentralized finance (DeFi) ecosystems respectively.

In solving the deficiencies of CeFi, Leonicorn Swap looks to address the “security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators,” as noted in the shared press release.

On the other hand, the DeFi limitations bordering on the lack of scalability and the network congestion of ecosystems built on the Ethereum blockchain that largely always result in expensive or overcharged transaction fees. Leonicorn Swap is built with user-friendly features that can easily be adapted by both veteran traders, and those new to the ecosystem entirely.

Beyond the traditional offerings, the Leonicorn ecosystem also aims to metamorphose into an Initial Decentralized Offering (IDO) as well as an Initial Farming Offering (IFO) platform respectively. The unique target of the ecosystem is to serve as a one-stop shop for anything DeFi, with plans to infuse a Non-Fungible Token (NFT) marketplace in due time.

CoinTiger New Listing: The Leonicorn Swap Token (LEOS)

At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The LEOS token has superior tokenomics with sustainability at the core of its existence. The token is designed with deflationary properties, a feature that will induce scarcity and contribute to the inherent value of the token over time.

As a relatively new token, the team behind the Leonicorn Swap platform desires to foster broad accessibility of the asset, stirring its push to be listed on Cointiger. The team has also nurtured the plans to take the token into additional centralized exchanges in the coming months per its road map.

The Leonicorn Swap platform was founded by Mofassair Hossain who doubles as its Chief Executive Officer. Along with his teammates, Hossain has designed the Leonicorn Swap and the LEOS token as new ways to showcase the superior capabilities of the BSC network and how it can be harnessed to power a broad range of functional ecosystems.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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ETH Price Shoots to $2700

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While there’s been all excitement surrounding the EIP-1559 implementation, some independent developers have pointed out some issues with debugging the Ethereum DApps post the upgrade.

The wait is finally over and we are just four hours away from the upcoming London hard fork upgrade, the euphoria in the market is clear as the Ether (ETH) price has shot up more than 8% in the last 24 hours.

At press time, Ethereum is trading 8.35% up at a price of $2681 and a market cap of $313 billion. The London hard fork will bring the much-awaited EIP-1559 protocol implementation to the Ethereum (ETH) blockchain network.

EIP-1559 changes the way transactions happen on the network. At present, the users have to do guesswork on how much they will have to send to the miners. The EIP-1559 implementation will include a base fee. This will introduce further transparency while lowering the transaction costs.

The EIP-1559 burns the transaction fees. Thus, instead of going to miners for approving transactions, the ETH for the base fee will go out of circulation while moving it to an inaccessible wallet.

Tim Beiko, a developer at Ethereum Foundation said that EIP-1559 will lower the rate of ETH generation. If the Ethereum network faces congestion and the base fee goes above 150 gwei, the network will burn more in transaction fees with each block produced. It means that ETH will continue to experience deflationary pressure with the implementation.

Debugging Ethereum DApps Will Get Harder

While there’s all the excitement around EIP-1559, the implementation will make debugging applications on Ethereum even harder. In order to maintain backward compatibility with wallets and other blockchain services facilitating transactions, the EIP-1559 will retain a field for these services specifying a gas price.

Now the gas price represents a conversion between the unit of gas and Ether. This is usually set by the user to incentivize miners on the blockchain. However, with EIP-1559 implementation, the network will automatically determine the minimum gas price dubbed “base fee”.

Thus, users won’t need to specify the gas price. Instead, they can specify their maximum willingness to pay for the transactions. After that, the network will deduct the base fee from the user’s maximum willingness to pay. Later, the network will return the difference back to the user’s account balance.

As per the current code specifications for EIP-1559, it will return the value of the user’s maximum willingness to pay by gas price only before the transaction has been mined into the block. Upon mining, the value of the gas price fee will change to base fee.

This changing value based on time and the state of blockchain brings a new challenge for DApp developers trying to debug the code. During an All Core Developer meeting last month, independent software developer Micah Zoltu raised this issue. Zoltu noted:

“Any time you’re debugging an issue and the behaviour changes based on when you look at it, that becomes a very, very hard bug to debug. I suspect that most users and dapp developers and library authors and whatnot probably are not watching closely on these things and they will not realize that there’s a change in behaviour and the gas price field”.

As a result, Zoltu has proposed removing the gas price field during the next backward-incompatible Shanghai upgrade.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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