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Cryptocurrencies/Coins/RSK Infrastructure Framework (RIF)
RSK Infrastructure Framework price, market cap on Coin360 heatmap

RSK Infrastructure Framework(RIF)

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$0.083252
(2.17%)
0.00000341 BTC
Market Cap (Rank#305)
$74,448,671
3,048 BTC
Vol 24h
$589,879
24.1502 BTC
Circulating Supply
894,260,004.42
Max Supply
?
20h agocryptodaily
EQIFi opens $EQX holders to Amazon, Walmart payments via Shopping.io partnership
What was Bitcoin’s original value proposition? Was it to be bought and HODLed in a Ledger wallet for 20 years? The answer is to be used to buy milk, iPhones, and cars. While bitcoin can be used to buy these things from many retailers, most would agree that its modern use case lies more in being a store of value—digital gold of sorts. Its network isn’t really built for scalable payments. Luckily, DeFi as an industry has taken on the challenge of producing cryptocurrencies that can be used for scalable payments beyond their own ecosystems. EQIFi, a leading regulated global DeFi services platform backed by EQIBank, is one of them. Just this month, the platform announced it would integrate its $EQX token with crypto-to-retail bridge Shopping.io, which lets token holders use $EQX to buy goods at some of the world’s top e-commerce platforms, including Amazon, eBay, Walmart, and Home Depot. “EQX token has been the backbone of our platform, and with this partnership now, it becomes part of something even bigger,” says Brad Yasar, CEO of EQIFi. “We offer our users an opportunity to grow their money through DeFi, and now they can actually spend it at the world’s top retailers, which don’t even officially accept crypto.” Inflation in the U.S. reached 8.6%, in May 2022—the highest rate since 1982 and according to BBC News, one of the highest rates in the world today. This in turn has forced central banks to hike interest rates, leaving financier’s scratching their heads in their attempt to predict the length of the current recession. Consumers have felt the brunt of this recession with many now searching for new, innovative ways to make use of their assets to optimize their financial standing and purchasing power. EQIFi’s partnership with Shopping.io affords users the opportunity to spend their $EQX staking rewards seamlessly while enjoying 7 days of free international shipping and a 2% discount on all orders for 30 days starting August 15. Both ERC-20 and BEP-20 versions of $EQX can be used as forms of payment through Shopping.io’s payment processor, ShoppingPay. Shopping.io currently fulfills orders from Amazon, eBay, Walmart, and Home Depot, though this merchant list stands to grow with the launch of Shopping.io’s Web Extension. The Web Extension will allow Shopping.io to collaborate with a plethora of new merchants, aiding the expansion of $EQX’s purchasing capabilities to the farthest reaches of the web. EQIFi makes DeFi as accessible as regular online banking, offering users a convenient platform incorporating the largest array of financial services in the DeFi space. Backed by a licensed bank, the platform grants its clients the certainty and security that comes with the highest level of regulatory compliance. EQIFi’s relationship with EQIBank also cements it as one of the most efficient gateways between DeFi and traditional finance, providing its users with a streamlined crypto/fiat On/Off ramp for greater control over their finances. “This collaboration with EQIFi brings us closer to our vision of a future where people have the flexibility to buy anything with everything,” says Arbel Arif, Founder and CEO of Shopping.io. “The time has come for the liberation from traditional forms of payment! Consumers deserve the freedom to spend their money however they see fit. Shopping.io is committed to helping them do that Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Green is The New Gold: The Top 3 Blockchain Projects Saving the Planet
In recent decades, discourse around the environment has become more significant and everpresent. People are rightfully worried about how our technologies affect our global ecosystem. With the recent heatwaves and fires that spread around Europe this summer, the topic of climate change has been on everybody's lips. Blockchain tech is often a primary antagonist when the environment is discussed. Bitcoin is regularly cited as being deeply energy hungry and detrimental to the preservation of our world. However, several projects in this industry have the opposite effect, directly helping the environment. Let’s delve into three crucial blockchain projects that are making an effort to bring positive environmental change. Megatech Megatech is a project that promotes and incentivizes the use of solar power within Africa. To do this, Megatech has launched a cryptocurrency that gives token holders returns on the solar fields that the company owns. When these solar fields are used, token holders earn more money, incentivizing people to fund and promote sustainable energy sources. Megatech is already in motion to set up one of its solar fields (named Project Beta) in Hertzogville Free state, South Africa. It is a 60-megawatt plant connected to a 100-megawatt per hour (MWh) state-of-the-art storage technology unit. This allows for maximum efficiency and, therefore, maximum sustainability. The idea behind Megatech is to help solve the energy supply crisis in South Africa, where there is not enough electricity within the country to sufficiently power its national grid, causing blackouts and shortages. However, Megatech is also looking to help the global effort to bring sustainable energy, as they have teamed up with ZPN Energy, a UK energy and storage provider. Nori Nori is a blockchain-based carbon removal company aimed at helping people and organizations reduce or neutralize their carbon footprint. To do this, Nori has created a carbon removal marketplace– this is where people can choose to offset or eliminate their carbon footprint by paying other companies to remove carbon from the atmosphere. Currently, the marketplace focuses on allowing people to fund agriculture projects that store carbon within the soil. When somebody pays for carbon removal on the marketplace, their transaction is logged to the blockchain. They are subsequently given a verifiable certificate proving they have made a positive environmental change. This is especially important as the carbon credit, and removal industry is rife with fraudulent behavior, pushing companies to use traceable and publicly visible records to prevent this. Rewilder Rewilder is a crypto-based non-profit focused on purchasing land for wildlife conservation. The project asks users to donate Ethereum, which goes directly towards purchasing and preserving land worldwide. After donating, each user is issued a special NFT that provides regular updates on how their money has been used and what environmental impact they have instigated. Like Nori, Rewilder is mindful of the need for transparency regarding environmental procedures. Therefore, everything that happens within this project can be tracked and traced via the Ethereum blockchain. People can even find the specific location of the land they helped to conserve via their NFTs. Shifting Perspectives These three projects actively change the discourse around blockchain tech and the environment. They are moving the needle away from the damaging practices that projects like Bitcoin have been shown to employ and towards more eco-conscious efforts. And by doing this, they are changing people's opinions of blockchain tech and proving that this industry can act as a bastion of hope for the world. The crypto and blockchain industry is becoming a champion of the environment, with Megatech and other projects leading the charge to transform the world back to a state of ecological and climate harmony. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Revolutionary Cryptocurrencies to Purchase: Carlossy Caterpillar, Binance Coin, and Bitcoin
Cryptocurrencies are an integral part of the current financial market. This goes to show the influence and popularity of blockchain technology. Almost every sector of the world's economy has been revolutionized by blockchain technology, and these three cryptocurrencies are doing a great job of contributing to the revolution: Carlossy Caterpillar (CARL), Binance Coin (BNB), and Bitcoin (BTC). Carlossy Caterpillar (CARL) In a world of cryptocurrencies, like Bitcoin (BTC) and Ethereum (ETH), that are revolutionizing major industries in the world, Carlossy Caterpillar (CARL) is a new cryptocurrency positioning itself in the decentralized community. During and after the pandemic, humans saw the need for relaxation and taking breaks. The lockdown brought about the realization of its effects on individual health and the collective well-being of society. As established earlier, cryptocurrency has found a place in most industries, and the area of entertainment is no exception, hence, the introduction of meme coins. Meme coins, as the name suggests, are cryptocurrencies that originated from a meme or a popular photo on social media. Carlossy Caterpillar (CARL) is a meme coin inspired by the popular chocolate roll cake sold by Mark & Spencer. CarlossyCaterpillar (CARL) will run on the Binance Smart Chain (BSC) and will be used to buy, trade, and stake other digital assets in the blockchain network. The Carlossy Caterpillar team hopes to integrate more people into blockchain technology by leveraging the growing interest in meme coins. Users who purchase the Carlossy Caterpillar token with Binance Coin (BNB) on the Binance Smart Chain (BSC) will receive a 20% bonus for using BNB. Binance Coin (BNB) Initially, based on the Ethereum blockchain as an ERC-20 token, Binance Coin (BNB) is now the native cryptocurrency of the Binance Smart Chain (BSC). With over one million transactions per second, Binance is considered the largest exchange platform globally. The Binance Coin (BNB) is used for all operations on Binance, including trading, payment of transaction fees, and collection of loans. The Binance Coin (BNB) is similar to how Ether (ETH) works on the Ethereum blockchain. The coin, unlike other cryptocurrencies, cannot be mined. Binance makes sure the Binance Coin (BNB) has a limited supply by using 20% of its profits to repurchase BNB and burn them quarterly. Bitcoin (BTC) Being the standard cryptocurrency that first outlined the concept of blockchain, Bitcoin (BTC) is a purely peer-to-peer payment mechanism that allows direct payments from one party to another in a decentralized manner. The creation of Bitcoin (BTC) brought about the emergence of every known cryptocurrency and has been considered the future of finance. The cryptocurrency is mined by users who give computing power for the verification of transactions on the blockchain. These miners receive Bitcoin (BTC) in exchange. Bitcoins (BTC) are lines of code that are stored in a wallet online or offline; on a hard drive. The cryptocurrency can be bought and sold by anyone who has access to the internet. Bitcoin (BTC) is gradually gaining acceptance from major companies and even countries around the world. Hosting more than 200,000 transactions daily, Bitcoin (BTC) has begun a financial revolution that is growing. Carlossy Caterpillar (CARL), Binance Coin (BNB), and Bitcoin (BTC) are cryptocurrencies rapidly changing the world for good with their constant development. To find more information on Carlossy Caterpillar (CARL), visit: Presale: http://carl.carlossy.io/presale Website: http://carlossy.io/ Telegram: https://t.me/CarlossyCaterpillarOfficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
2 days agocryptodaily
Buying Uniglo.io (GLO), Ethereum Classic (ETC) And Mina Protocol (MINA) Now Could Help You Reach Top Tier Wealth
The popularity of crypto has grown at an incredible rate in recent years, and many big players have entered the space in a bid to witness exponential growth. The retail is not far behind in chasing generational wealth made possible through investing in top-tier tokens like Uniglo, Ethereum Classic, and Mina Protocol. Let’s see what they have in store for you! Uniglo (GLO) Uniglo is a community-focused social currency backed by a wide range of assets, including rare NFTs, digitized art, and cryptocurrencies. A basket of valuable assets protect the floor price of a token that is designed to withstand volatile market conditions. This is made possible through a dedicated vault that is funded through taxation on each transaction. Uniglo embodies scarcity through an ultra-burn mechanism that involves leveraging profits to buy back GLO from the secondary market and burn them. This ensures long-term growth of the ecosystem as a whole, where every holder benefits from the growing strength of the treasury. Ethereum Classic (ETC) Ethereum Classic is an open-source decentralized platform that was created in 2016 after The DAO hack. It allows developers to create smart contracts without the involvement of a third party. Ever since the split happened, there have been numerous improvements and upgrades in an effort to become a global financial network with no central governance. Like other digital currencies, ETC will thrive as a store of value, and the recent surge in prices is evidence of how the asset will perform in the near future. Mina Protocol (MINA) Popularly known as the world’s lightest blockchain, Mina is building an infrastructure that provides security and privacy for Web 3 applications. The protocol is so small that it doesn’t even require third-party nodes for the network to run. Any user can quickly connect and conduct on-chain verification with complete privacy. The native currency of the blockchain, MINA is required to stake and participate in block production. Holders can also delegate their tokens to earn rewards in exchange for locking their assets. Compared to other blockchains, there’s no bonding or slashing period when it comes to staking MINA. Find Out More Here Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
3 days agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
4 days agocryptodaily
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state. In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live. Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others. The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services. The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers. All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page https://houston.blastapi.io/houston-testnet. About Bware Labs The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption. Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space. Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects. Website: https://bwarelabs.com/ About Blast, the blockchain API platform powered by Bware Labs As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps. Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains. Website: https://blastapi.io/ Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptopotato
Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
[PRESS RELEASE – Please Read Disclaimer] Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from […]
5 days agocryptodaily
Democratising NFT Whitelisting Puts Web3 Closer To Advancing The Creator Economy
The current state of decentralised markets and the global Web3 community is more complex than ever before, and it has not been getting any easier to grasp. The reason for this complexity is the different levels of innovation and market capture of NFT & crypto projects in the space. For one, there are legacy ecosystems showing little visible innovation, such as the BTC ecosystem; on the other hand there are networks like Avalanche which have nothing but performance and efficiency in mind when orchestrating their operations. Exponential innovation that many strive towards happens in the labs of such projects. A contrast in Web3 projects of this kind, just like in most other industries, can create quite a disorder in the communities surrounding this space. Problems With The Current NFT Whitelisting Practices As most of us are aware, communities, especially in Web3, are the gears powering advancement and progress, because the existence of lightning-fast feedback loops can help a given project excel and fix problems quickly. However, there is not much one can do to decrease the aforementioned innovation and engagement contrast seen in today's decentralised environment - what is possible, however, is being able to adapt to it and turn smaller niches within Web3 toward stability, which communities need today. Whitelisting of NFTs has come a long way since the first baby-steps of these unique on-chain items in 2017, when projects like CryptoKitties came to market, but the characteristics of the average NFT whitelist haven't been improved a whole lot. In a conversation with a dedicated NFT enthusiast, you may find out how difficult and often unfair NFT launches can be - you might start hearing complaints about front-running bots, whales, and similar malicious parties ruling the releases of NFTs, or how projects themselves pay little attention to how well-distributed the allocations really are. Reportedly, seas of NFT newcomers have experienced similar issues. NFT markets have been flooded with lottery-based lunches that don't provide the right incentives, projects that can't manage to communicate honestly and efficiently with their audience or those that use the outdated first-come-first-served model, and, of course, those who rug-pull. Preventing Further Downsides Such projects and methods of whitelisting are doing nothing but dragging the reputation of NFT initiatives that do meaningful work and have some level of underlying value behind them. So far, there has not been a clear pathway to stopping this. NFT & crypto communities are demanding more from projects by the day, but the flawed inner mechanics of NFT collection whitelists prevent advancements that could change the space for the better. Simply speaking, the obvious solution might be to try and solve the foundation on which the standard way of launching NFTs is built, and enable fairer and more accessible drops from there. A new foundation could potentially be built with new motivations and incentives offered to different kinds of participants. For example, the first-come-first-served and lottery-based models could be replaced with certain competitions or prediction events that would create a challenge and reward participants putting in the most effort with allocations. Instead of continuing the operation of mechanics that can damage inexperienced or easily-persuaded individuals, a given NFT project may search for alternatives for launching NFTs in a fair manner - in ways that do not clash with the key values of decentralisation. Only recently new and unique projects started paying attention to the NFT whitelisting fairness issue, and some progress has already been made. SparkWorld* & Fair NFT Distribution One of the most influential projects in this largely untapped niche is SparkWorld*, a UK-based upcoming inventive NFT launchpad with its core built on prediction events on the AVAX blockchain. The goal of SparkWorld* is one that resonates deeply with this article's topic - igniting fairness, proper rewards, and fun within the NFT market. One of the key highlights of SparkWorld* is its invention of an entirely new set of on-chain mechanisms - Fair Prediction Launches - created for reducing the overall dependence on the aforementioned first-come-first-served model, providing access to all enthusiasts, helping prevent market manipulation, and creating never-before seen levels of transparency through its due diligence processes. Some of the most troubling aspects of NFT launches today are poor distribution methods - members have no choice but to trust some third-party to handle transactions, especially in lottery-based launches, which tends to create imbalance in distribution and favour some parties better than others. Benefits of Unique Gamified Markets SparkWorld*'s on-chain prediction events will store the data of NFT launches on the public ledger, providing full transparency to every member or passer-by. Moreover, many enthusiasts and innovators in the field have noticed a curious pattern in the decentralised markets - projects that add some gamification elements to their ecosystem tend to perform better in terms of fair distribution and longer-lasting members' engagement. Therefore, like many others, the SparkWorld* team has started putting effort into gamifying its already robust prediction events-based ecosystem to increase the chances of higher engagement on its NFT launchpad. The way the SparkWorld* operation flow is structured forces the team to think about achieving an equilibrium in the number of different types of users - both members and NFT projects. For regular members, SparkWorld* will have to provide meaningful motivations through the NFT prediction launches, and for the NFT projects themselves. Whitelisting With A Peace Of Mind NFT projects that get onboarded in the SparkWorld* ecosystem will go through a due diligence process that involves a bit of team-doxing for transparency, as well as a careful infrastructure review of each project. Verification and due diligence processes can invite more centralization to a project, but in this case, it is done to ensure fairness and member equality within the ecosystem. In a modern economy, even a decentralised one, being anonymous when making a transaction or providing a service, is not very beneficial considering every internal and external party involved. After an NFT project is approved and onboarded by SparkWorld*, prediction campaigns can begin: all a member will have to do to get involved is set the prediction stake, set a few parameters, and make the prediction - depending on the prediction's accuracy, rewards get distributed. Members on such a platform will be able to enjoy a level playing field created with Fair Prediction Launches, an engaging community where rewarding events are hosted regularly, and an ecosystem that has significantly less malicious front-running bots involved - courtesy of Fair Prediction Launches as well. Conclusion With unfairness and the greed of whales decreasing across different NFT projects, there is hope for the creator economy to accelerate even further. It is quite a challenge to programmatically force members, NFT projects, and creators to be fair to each other, but when the process is gamified and made even more rewarding, there is simply no place for malicious actors. Projects have already started implementing SparkWorld* technology in their ecosystems to ensure participant equality in NFT launches, and despite the SparkWorld* Mainnet not being released just yet, interest is building by the day. Find out more about NFT launch fairness by visiting SparkWorld.io, follow the project's Twitter feed, and prepare for the upcoming release of their Mainnet! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
5 days agozycrypto
Binance CEO And WazirX Founder Embroiled In A War Of Words Over The Ownership Of The Indian Exchange
Binance CEO and WazirX founder traded words over the ownership of the exchange. The row was amplified after Indian regulators fingered WazirX in a money laundering scheme. Binance previously announced the purchase of the Indian exchange in 2019 and clarified details of the acquisition last week. Money laundering accusations have seen Binance and WazirX leading […]
5 days agocointelegraph
What is Chainlink VRF and how does it work?
Using the provably fair and verifiable random number generator provided by Chainlink VRF, smart contracts can access random values without compromising security or usability.
7 days agocryptodaily
Meta Expands Its NFT Integration For Instagram
CEO Zuckerberg announced that Meta is expanding its NFT support for Instagram across international borders to reach users in over 100 countries. NFT Support On Instagram As a part of its international expansion, Meta will be enabling NFT support on Instagram for over 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Users from these regions will now be able to share a verifiable version of their NFT on Instagram. The company launched its Instagram NFT support back in May on a trial basis, where only certain users in the United States could avail of the feature. The new functionality features will allow users to tag both creator and collection on their digital collectible post. Additionally, the support will also enable the user to leverage other features to highlight their post. Its authenticity will be reflected via a shimmer effect that will also display public information, including a description of the collectible. The entire feature is completely free of any charges. Features For Users Users will be able to share their NFTs as feed posts, stories, or in chat. In order to post, users have to connect their digital wallets to their Instagram accounts. Meta has also revealed that both Coinbase Wallet and Dapper Wallet can be connected to Instagram accounts. Other third-party wallets on the roster are Rainbow, MetaMask, and Trust Wallet. Supported blockchains at this time are Ethereum and Polygon, with Instagram adding another blockchain, Flow, to the list. This means that users can post NFTs minted on Ethereum, Polygon, and the Flow blockchain, which is a Layer-1 blockchain that has already partnered with ecosystems like Warner Music, Ubisoft, NBA, UFC, Animoca Brands, Circle, Binance, and OpenSea. Social Channels And NFT Functionalities Meta previously tested its NFT support feature with select creators on Facebook just a few weeks ago. At the time, the Meta team had revealed that there was no intention of leveraging the NFT functionality as paid ads. Other social channels have also been testing the waters of NFT support on their respective platforms. YouTube CEO Susan Wojcicki has mentioned the possibility of embracing web3 technologies like NFTs in order to open new horizons for YouTube’s thriving creator community. Simultaneously, Twitter Blue users in certain countries and using iOS can flaunt their NFTs with the new verifiable NFT profile picture feature. Reddit, too has launched its NFT marketplace of collectible avatars for users to buy and use as their profile pictures on the platform. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocointelegraph
Philippine SEC cautions the public not to invest with Binance
Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations.
9 days agocryptodaily
U.S. Senators Seek to Put CFTC in Charge of Cryptocurrency Regulations
On August 3, four Senators from the Agriculture Committee introduced legislation to establish a regulatory regime for cryptocurrencies. The Digital Commodities Consumer Protection Act of 2022 would establish a legal definition for digital commodities and place their trading under the jurisdiction of the Commodity Futures Trading Commission (CFTC). Per a report by The Wall Street Journal, the bill developed by Agriculture Committee Chairwoman and Michigan Democrat Debbie Stabenow and Arkansas Republican Senator John Booznam, would allow the CFTC regulatory control over spot markets for the newly defined ‘digital commodities,’ which according to a summary of the plan include Bitcoin and Ether. Currently under the purview of the CFTC is oversight over derivatives such as swaps and futures, but not the commodities underlying them. Stabenow said in a statement, One in five Americans have used or traded digital assets -- but these markets lack the transparency and accountability that they expect from our financial system. Too often, this puts Americans’ hard-earned money at risk. That’s why we are closing regulatory gaps and requiring that these markets operate under straightforward rules that protect customers and keep our financial system safe. The chairman of the CFTC, Rostin Behnam, has said the agency is well-positioned to take on this bigger role. For this new proposal to become law, it would require multiple votes in the Senate. In addition to granting the CFTC new powers, the senators' bill would direct the CFTC to undertake a number of new studies relating to cryptocurrencies. Along with its new powers, the regulator would have to write a report on the energy consumption and resources used to trade and create digital assets and will publish the findings on its website. The CFTC has said it would also have to study the racial, ethnic, and gender demographics of customers taking part in the digital commodity market. According to an overview of the bill, the senators' plan would have the CFTC impose a series of new oversight measures. Per the bill, digital commodity platforms, including custodians, dealers, and trading facilities would have to register with the CFTC. “Associated persons” of dealers and brokers working with digital assets would also have to meet certain registration requirements. This bill represents the newest addition in a host of new bills aimed at defining jurisdiction over the digital asset class, including the Lummis-Gillibrand bill proposed in June, which aims to clarify elements of cryptocurrency regulations, as well as to correctly classify digital assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocoindesk
US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law
A bipartisan group of U.S. lawmakers want to ensure that the definition of a crypto "broker" for tax reporting purposes does not capture parties that cannot report crypto transactions for tax purposes.
9 days agocointelegraph
GitHub faces widespread malware attacks affecting projects, including crypto
The developer who found the vulnerability requested developers to sign their revisions with the GPG key to ensure all their revisions on the project can be verified.
10 days agocryptodaily
There's A New MetaMask Phishing Campaign, Here's How You Can Avoid Getting Hacked
Halborn, a blockchain security firm based in Miami, Florida, recently disclosed and issued a set of warnings and guidelines to mitigate what they identified as a new phishing campaign, which specifically targeted MetaMask users. Fresh off of a $90 million Series A funding round, Halborn provides blockchain security infrastructure and analytics for crypto and Web3 firms. According to a report from Halborn, the active phishing campaign utilized emails and sent these malicious messages to a number of current and active MetaMask users through social engineering, a type of attack vector that tricks people into giving up confidential information or access to systems. The campaign uses a fake version of the MetaMask extension in an attempt to steal user’s private keys, mnemonic phrases, and other sensitive data. MetaMask has worked in the past before with Halborn, with a case resolved in June after a previous security notice from Halborn which identified a MetaMask user's private keys found on an unencrypted disk. The security report was responded to with a patch from MetaMask for version 10.11.3 moving forward. Previous iterations of new malware were also found in late July. This malware, called Luca Stealer, was written in Rust, targeting Web3 infrastructure. Mars Stealer, Another malware which specifically targeted MetaMask, was also discovered earlier in February. Halborn discovered that the phishing campaign was active after its analysis of scam emails received in July this year. The emails appeared to be authentic with the branding and logomark of MetaMask, asking users to comply with Know Your Customer (KYC) procedures and verify their wallets. Errors such as spelling and obviously fake email addresses were also noted, with a fake domain even making it through the emails. Current security for emails often have spam filtering and phishing detection algorithms, but these can be reverse-engineered by creating false identities and marking domains with similar-sounding or similarly spelled names. Since these email messages were able to bypass standard security measures, it is likely that the cybercriminals behind this campaign have a more sophisticated understanding of social engineering. The attacks were launched through links in the emails, which redirected unwary users to a bogus MetaMask login page. According to Halborn, these bogus pages directly asked users to provide their seed phrases, hence giving the threat actors unauthorized access to a user's wallet. Phishing scams and other kinds of hacks have proliferated across the crypto space in the last few years, with a number of high-profile DeFi protocols, exchanges, and wallets being targeted. Another hallmark of phishing scams, according to Halborn, is that there is no personalization within the message, which is to say, a recipient is not called their actual registered name. Malicious links are often also revealed through a desktop browser by hovering a cursor over the call to action button. Halborn has advised all MetaMask users to be extra vigilant when clicking on links in emails, even if they appear to come from a trusted source. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days agocoindesk
2 California Men Sentenced to Prison for $1.9M Crypto Grift
Two Orange County, California men were sentenced to prison on Monday for operating a cryptocurrency scam that swindled over 2,000 investors out of a collective $1.9 million, according to the Department of Justice.
11 days agonulltx
How to Create an NFT Profile Picture for Twitter Blue
You’ve probably seen Twitter’s new NFT profile picture feature, which features a hexagonal shape for your profile rather than the standard circle. The feature is meant for those users who’d like to show off their prized possessions by connecting their wallets and verifying ownership of the NFT. While the feature is great for those looking […] The post How to Create an NFT Profile Picture for Twitter Blue appeared first on NullTX.
14 days agocoindesk
Why We Need NFT Ticketing for Sports Events
Verifiable tickets powered by blockchain tech can stamp out fraud and add value for fans. Major sporting events are now considering their adoption, says one startup in the space. This piece is part of CoinDesk's Sports Week.
15 days agocointelegraph
Professional soccer club Crawley Town FC signs midfielder after NFT hodlers vote
The June 15 vote took place for verified NFTs hodlers via a temporary Discord channel.
20 days agocointelegraph
Proof-of-time vs proof-of-stake: How the two algorithms compare
Blockchains use consensus algorithms to choose who gets to verify transactions on the network — what are the differences between the two?
22 days agocoindesk
Binance Says It Does Not Stake or Lend 'Locked' DOGE
Binance's clarification comes after Twitterati questioned the inner working of the staking product dedicated to proof-of-work coins.
22 days agocoindesk
Jason Calacanis Is Right About ‘Grifting’ Crypto VCs (but Confused)
The famed podcaster and angel investor draws the line at naming his friends.
23 days agocoindesk
Thai SEC Asks Zipmex to Clarify Withdrawal Freeze
The Thai Securities and Exchange Commission (SEC) has sent a request to cryptocurrency exchange Zipmex to clarify the recent withdrawal freeze.

About RSK Infrastructure Framework

The live price of RSK Infrastructure Framework (RIF) today is 0.083252 USD, and with the current circulating supply of RSK Infrastructure Framework at 894,260,004.42 RIF, its market capitalization stands at 74,448,671 USD. In the last 24 hours RIF price has moved 0.00065 USD or 0.01% while 1,198,167 USD worth of RIF has been traded on various exchanges. The current valuation of RIF puts it at #305 in cryptocurrency rankings based on market capitalization.

Learn more about the RSK Infrastructure Framework blockchain network and how it works or follow the price of its native cryptocurrency RIF and the broader market with our unique COIN360 cryptocurrency heatmap.

RIF Token (RIF) is a cryptocurrency token issued by the RSK Smart Bitcoin platform. RIF token was created to cover various services compatible with RIF OS Protocols for token holders. The RIF Token Smart Contract was deployed on the RSK Network on November 9, 2018. You can store your RIF tokens with MetaMask, Ledger, Trezor and other crypto wallets. The max supply of RIF tokens is 1,000,000,000. They are generated by RIF Labs at the Token Generation Event. Find the price for RIF on COIN360.


RSK Infrastructure Framework Price0.083252 USD
Market Rank#305
Market Cap74,448,671 USD
24h Volume589,879 USD
Circulating Supply894,260,004.42 RIF
Max SupplyNo Data
Yesterday's Market Cap73,970,930 USD
Yesterday's Open / Close0.082067 USD / 0.082717 USD
Yesterday's High / Low0.084465 USD / 0.081214 USD
Yesterday's Change
0.01% ( 0.00065 USD )
Yesterday's Volume1,198,167.10 USD
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