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🔗 Stories, Tutorials & Articles |
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Ethereum Users Have Been Burning ETH To Mint VMPX Tokens ✅ |
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An unknown project called VMPX caused a surge in gas prices on Ethereum as users rushed to use its smart contract for token minting, surpassing well-known contracts like Uniswap and USDT in terms of burned ETH. VMPX is part of the XEN ecosystem, aiming to bridge the gap between Bitcoin and Ethereum, allowing holders to stake VMPX and earn fees for asset transfers between the two blockchains. XEN, known for its multichain approach, has previously spiked gas usage and burned around $90 million worth of ETH, making it an outlier in the crypto space. |
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Wash trading gone wrong - how a $100M/day crypto exchange accidentally bankrupted itself |
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BaseFEX, a crypto exchange marketed as a "Bitmex alternative," bankrupted itself through wash trading, a cautionary tale for other exchanges. Using rudimentary methods to fake volume, BaseFEX attracted attention but was eventually exploited by a Russian user who earned a 1,000% return with a simple trading bot. BaseFEX's trading volume plummeted, and the exchange faded into obscurity, leaving the user unable to withdraw funds but with the satisfaction of single-handedly bringing down a $100M volume/day platform. |
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A Dive Into the Math Behind Bitcoin Schnorr Signatures ✅ |
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Schnorr Signatures improve Bitcoin's privacy for multisignature transactions by utilizing elliptic curve cryptography and offering benefits such as simplicity, faster computation, non-malleability, strong security proofs, and the ability to aggregate multiple signatures. When combined with Taproot, Schnorr Signatures enable complex spending conditions while maintaining the appearance of a normal public key, enhancing efficiency, security, and privacy in Bitcoin transactions. |
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How to diff contracts against Etherscan verified code |
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Diffyscan is a CLI tool developed by Lido that allows security researchers to compare the source code of verified smart contracts in Etherscan against a GitHub repository. It retrieves the files from Etherscan, locates them in the repository, and performs a diff to identify any differences. It can be useful for verifying code consistency and quickly identifying potential discrepancies between deployed contracts and their GitHub counterparts. |
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How Tornado Cash Works (Line by Line for Devs) ✅ |
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Tornado Cash is a cryptocurrency smart contract mixer that allows users to deposit and withdraw crypto without creating a traceable link between the two addresses. It uses zero-knowledge proofs and Merkle Trees to provide anonymity and prevent theft by proof forgery. |
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The inevitable adoption of coprocessors, driven by Uniswap v4 |
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Uniswap has announced a new upgrade that introduces a hook feature, allowing for more flexibility and customization in liquidity pools. This upgrade brings programmability to the liquidity pools, enabling complex computations to be performed outside of the native contract. |
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FRP-10: Distributed Blockbuilding networks via secure knapsack auctions |
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A proposed approach to construct and distribute a block builder network is to use a secure knapsack solver. The use of a greedy algorithm as an alternative to the solver is also discussed, along with the potential for building a decentralized builder network using multiparty computation (MPC). |
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