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For institutions that need to store and move digital assets without the operational or security headache. Fireblocks streamlines operations by bringing all your exchanges, OTCs, counterparties, hot wallets, and custodians into one platform. Wallets, deposit addresses, and API credentials are secured using patent-pending chip isolation technology and the newest breakthrough in cryptography (MPC). Institutions are using Fireblocks to move funds securely in seconds – instead of hours.

Fireblocks

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The Essential Crypto Wallet Guide for 2024: Navigating the Best in the Business In the dynamic realm of cryptocurrency, the importance of selecting the right wallet cannot be overstated. With an overwhelming array of options available, choosing a wallet—or rather, wallets—that cater to your specific needs is paramount. This guide introduces you to six indispensable wallets for 2024, each excelling in different facets of the crypto ecosystem. From securing your digital assets to optimizing your trading strategies, these wallets form the cornerstone of a well-rounded crypto toolkit. Framework for Review: Understanding Wallet Categories Before diving into our top picks, it's crucial to understand the landscape of crypto wallets. Broadly categorized into web, hardware, and multi-chain wallets, each type serves distinct purposes: Ideal for users engaging in fast-paced trading, DeFi, and other online activities requiring quick transactions. Web Wallets: Best suited for long-term storage, offering unmatched security for your cryptocurrency investments. Hardware Wallets: Cater to users who navigate across various blockchains, offering flexibility and broad asset support. Multi-Chain Wallets: Crypto Wallets to Check Out In 2024 : The Seamless, Seedless Wonder 1. Core Multi-Chain Wallet Type: Crypto investors, DeFi enthusiasts and NFT collectors Best For: Non-custodial, seedless setup, multi-chain support (including Ethereum, Avalanche, Bitcoin), and integrated portfolio tracker. Key Features: App Store Rating: Core Wallet Chrome (with Desktop, Chrome Extension, & Mobile availability) Launch Platform: Key Features: Non-custodial wallet with Ledger hardware support Sign-up via Google or Apple ID with two-factor authentication Bridge functionality across Bitcoin, Ethereum, and more Address book for blockchain contacts Fee-less transactions for sending, receiving, bridging, swapping, and buying crypto Comprehensive DeFi toolkit including built-in AVAX staking Support for 73+ Avalanche Subnets and multiple chains Technical Review User Interface and Experience sets itself apart with a simple, intuitive design that belies its powerful features. It's engineered to be 10 times faster than MetaMask, offering split-second transactions that enhance the user experience significantly. The wallet’s ease of use is evident from the seamless signup process to the fluid navigation through its diverse functionalities. Core Multi-Chain Capability and Speed One of most lauded features is its multi-chain support, facilitating a bridge between Bitcoin, Ethereum, and other blockchains directly within the wallet. This feature, combined with its rapid transaction capabilities, positions Core as a highly efficient tool for users who operate across various crypto environments. Core’s DeFi and Staking is built with DeFi enthusiasts in mind. It comes equipped with built-in AVAX staking features, offering around 8% protocol-generated yearly rewards. Additionally, the wallet provides dedicated support for Avalanche Subnets, with access to over 73 and counting, amplifying its appeal to users invested in the Avalanche ecosystem. Core Community and Ecosystem Feedback Feedback from the community and partners like Trader Joe, BENQI, HyperSpace, WooFi, YieldYak, and Dexalot underscores Core’s effectiveness and efficiency. Partners praise Core for its fast, smooth experience and its comprehensive toolkit that supports a wide range of DeFi activities including staking, swaps, and bridging. Future Outlook: Final Thoughts on Core Core represents more than just a wallet; it's a comprehensive platform that caters to the needs of modern crypto users, especially those within the Avalanche ecosystem. Its blend of speed, security, multi-chain support, and DeFi functionalities makes it an indispensable tool for anyone looking to navigate the complexities of Web3 with ease. Whether you’re staking AVAX, swapping tokens, or managing a diverse portfolio of digital assets, Core offers a streamlined and secure gateway to the world of blockchain. For users seeking a reliable, fast, and feature-rich wallet, stands out as a top contender, delivering on its promise to be a "Swiss army knife" for Avalanche users and beyond. With ongoing updates and a responsive development team, Core is poised to remain at the forefront of wallet technology, making it a wise choice for both new and experienced users in the dynamic world of cryptocurrency. Core The Expanding Multi-Chain Maven 2. Phantom: Multi-Chain Wallet Type: Users exploring beyond EVM chains Best For: Originating as a Solana wallet, now expanding to Ethereum and Bitcoin, including support for BTC20 and Ordinals. Key Features: Store Rating: Phantom App Phantom Wallet: Unveiling Bitcoin and Ordinals Support - A Technical Review Phantom wallet, a name synonymous with versatility in the cryptocurrency realm, has taken a significant leap by introducing support for Bitcoin, Ordinals, and BRC-20 tokens. This review delves into the features, usability, and innovations that Phantom brings to the table, particularly focusing on its integration of Bitcoin and Ordinals, marking a new era for users who desire a unified wallet experience across multiple blockchains. Overview Mobile, Browser Platform Compatibility: Bitcoin and Ordinals support in Beta Beta Status: Key Features: Full support for Bitcoin, Ordinals, and BRC-20 tokens Easy management of Bitcoin addresses with options for Taproot and Native SegWit Detailed transaction overviews with ETA and USD value conversions Protection for inscribed and rare sats Connected apps for browsing, buying, and listing Ordinals and BRC-20 tokens Immersive ordinals gallery and automatic spam detection Integration of Bitcoin and Ordinals Phantom's expansion to support Bitcoin and its related innovations, such as Ordinals and the BRC-20 token standard, showcases the wallet's commitment to embracing the broader crypto ecosystem. By incorporating Bitcoin, Phantom not only acknowledges the foundational role of Bitcoin in the web3 movement but also enhances its utility for users seeking a multi-chain wallet that encompasses the best of Solana, Ethereum, and Bitcoin. User Experience and Features Phantom aims to simplify the often complex world of Bitcoin and Ordinals for its users. The wallet introduces an intuitive interface for managing Bitcoin transactions, including the ability to toggle between Taproot and Native SegWit addresses, ensuring users have control over their transaction preferences and security features. The inclusion of an immersive ordinals gallery and connected apps like Magic Eden and UniSat facilitates a seamless experience for collecting and interacting with Ordinals and BRC-20 tokens. Security and Usability Enhancements With detailed transaction overviews, users gain insight into the estimated time of arrival (ETA) and balance changes for each transaction, with the added convenience of BTC to USD conversions for better context. Phantom also prioritizes the safety of unique assets like Ordinals and rare sats, implementing features to prevent their accidental expenditure. Additionally, automatic spam detection and rich Ordinals metadata further secure and enrich the user experience. Enabling Bitcoin and Ordinals Support Phantom has made enabling Bitcoin and Ordinals support straightforward, requiring users to simply toggle the Bitcoin network on in the wallet's settings. This opt-in approach respects user preferences and positions Phantom as a versatile wallet catering to diverse needs within the crypto community. Future Outlook: Final Thoughts on Phantom Wallet By offering a comprehensive platform that bridges the gap between major blockchains like Solana, Ethereum, and now Bitcoin, Phantom enhances its appeal to a wide range of crypto users, from collectors and traders to multichain enthusiasts. As the wallet progresses from its beta phase, the crypto community eagerly anticipates the full realization of Phantom's vision for a seamless, secure, and integrated digital asset experience. As Phantom continues to evolve, the wallet's roadmap includes expanding support for trusted apps and introducing Bitcoin-friendly features such as Ledger support and customizable gas fees. These forthcoming updates underscore Phantom's dedication to making cryptocurrency safe and accessible for a global audience. The Dynamic Duo 3. Trust Wallet with SWIFT: Non-Custodial Wallet Type: Navigating EVM chains with ease Best For: Smart contract wallet SWIFT integrated into Trust Wallet, support for multiple EVM chains, and innovative gas subsidies. Key Features: App Store Rating: Trust Wallet A Comprehensive Review of the Secure Multi-Chain Platform Trust Wallet: Trust Wallet has established itself as a pivotal player in the cryptocurrency wallet space, offering a wide array of features that cater to both novice and experienced users navigating the Web3 ecosystem. Launched in 2017 and trusted by over 70 million people worldwide, Trust Wallet provides a seamless and secure platform for managing a diverse range of digital assets across more than 100 blockchains. This review explores the functionalities, security measures, and user experience offered by Trust Wallet. Overview Mobile App, Browser Extension Platform Compatibility: 70M+ User Base: Independently Audited Audit Status: 10M+ assets, 600M+ NFTs across 100+ blockchains Supported Assets: Key Features Multi-Chain Support At its core, Trust Wallet is a self-custody multi-chain wallet that supports millions of assets across a spectrum of blockchains, including Bitcoin, Ethereum, Solana, Cosmos, Optimism, and many others. This extensive support ensures users can manage their cryptocurrency portfolio from a single platform, facilitating activities such as buying, selling, swapping, and earning on their digital assets. User Experience Trust Wallet emphasizes a simple and seamless user experience, offering a smooth mobile app and desktop experience with powerful tools to support users’ entire Web3 journey. Users can easily deposit crypto from exchanges like Binance and Coinbase directly into their Trust Wallet, streamlining the process of taking full control over their digital assets. Privacy and Security Privacy and security are paramount in Trust Wallet’s design. The wallet employs robust privacy measures, ensuring users remain in control of their data and digital assets without compromising on safety. Key security features include: True ownership of crypto assets, with users retaining control of their private keys and secret phrases. Encrypted Cloud Backup for enhanced wallet security. Zero personal tracking, with no collection of IP addresses or balance information. Alerts for risky transactions and dApp connections, helping users stay safe while exploring Web3. Web3 and Community Integration Trust Wallet serves as a comprehensive platform for engaging with the Web3 space, allowing users to buy, sell, swap crypto, earn rewards, manage NFTs, and discover dApps all in one place. The wallet is powered by a vibrant and diverse community, offering insights into DeFi, blockchain technology, and the importance of securing private keys. Building on Trust Trust Wallet also provides a platform for blockchain developers to build their dApps and wallets natively, connecting with millions of users without worrying about low-level implementation details. This community-centric approach fosters innovation and accessibility within the Web3 ecosystem. Future Outlook: Final Thoughts on Trust Trust Wallet stands out as a versatile and secure option for users looking to explore the vast potentials of Web3. With its multi-chain support, emphasis on security and privacy, and user-friendly interface, Trust Wallet provides a robust foundation for managing digital assets. Whether you’re a DeFi enthusiast, an NFT collector, or simply looking to secure your cryptocurrency portfolio, Trust Wallet offers a comprehensive solution tailored to meet the needs of the modern crypto user. : The Speedy Contender 4. Rabby Web Wallet Type: Advanced EVM chain users Best For: Supports up to 50 wallets without performance issues, integrated portfolio checker, and superior security features. Key Features: App Store Rating: Rabby Wallet Technical Review has emerged as a significant player in the realm of cryptocurrency wallets, particularly for users deeply entrenched in the Ethereum ecosystem and beyond. Designed to cater to a wide array of blockchains, distinguishes itself through its multi-chain capabilities, security features, and user-centric experience. This review delves into the technical aspects of Rabby Wallet, shedding light on its features, usability, and how it stands against competitors like MetaMask. Rabby Wallet Rabby Overview Chrome Extension, Desktop, Mobile (Beta) Compatibility: Key Features: Support for 141 chains including mainnets and testnets Pre-sign security checks User-friendly interface showing estimated balance changes Open source and audited by SlowMist Multiple signing modes including hardware and institutional wallets Multi-Chain Support and Usability hallmark is its smooth multi-chain experience, automatically switching to the corresponding chain based on the user's visited site. This feature not only enhances usability but also positions Rabby as a versatile wallet for users engaging with multiple blockchains. With integrated support for 141 chains, including everything from Ethereum and Arbitrum to more niche chains like Zora and zkSync Era, Rabby ensures broad accessibility and functionality for its users. Rabby's Security Security is paramount in the design of Rabby Wallet. It introduces a pre-sign check powered by Rabby's security engine, aiming to safeguard users from malicious transactions. The wallet is open-sourced and has been audited by SlowMist, providing transparency and trust in its security mechanisms. Rabby also inherits the well-proven private key management component from MetaMask, further solidifying its reliability. User Experience Rabby excels in delivering a user-friendly experience. It is the first wallet to show users their estimated balance change upon transaction completion, providing clarity and confidence in each action. Despite its focus on security, Rabby does not compromise on user experience. The wallet's interface is intuitive, making it accessible for both novices and experienced users. Additionally, Rabby is licensed under the most friendly MIT license among mainstream extension wallets, emphasizing its user-centric approach. Diverse Signing Modes Rabby supports multiple signing modes, catering to a wide range of users from casual holders to institutional investors. Hardware wallet support includes popular options like Ledger, Trezor, and BitBox02, among others. Institutional wallets such as Gnosis Safe and FireBlocks are also supported, alongside mobile wallets like MetaMask Mobile and Trust Wallet. This inclusivity ensures that users have the flexibility to secure their assets in a manner that best suits their needs. Future Outlook: Final Thoughts on Rabby Wallet Rabby Wallet stands out as a comprehensive solution for users navigating the complex landscape of multiple blockchains. Its robust security features, coupled with a user-friendly interface and extensive chain support, make it a compelling choice for a broad spectrum of crypto enthusiasts. The wallet’s open-source nature and the transparency of undergoing a security audit by SlowMist add layers of trust and reliability. Whether you're a seasoned trader looking for seamless multi-chain navigation or a newcomer seeking a secure and intuitive wallet, Rabby offers a solid foundation for engaging with the digital asset world. Building Your Crypto Wallet Arsenal Each of these wallets brings something unique to the table, addressing different aspects of the crypto experience. Whether you're trading daily on DeFi platforms, holding long-term investments, or exploring the vast landscapes of NFTs and new blockchains, integrating these tools into your crypto strategy can significantly enhance your security, efficiency, and overall success in the digital asset space. Don’t forget to like and share the story! This author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure:

Four Must Have Wallets in 2024 from the Plethora of Crypto Wallets Out There 

সেখানে ক্রিপ্টো ওয়ালেটের আধিক্য থেকে 2024 সালে চারটি ওয়ালেট থাকতে হবে

Vier Must-Have-Wallets im Jahr 2024 aus der Fülle an Krypto-Wallets da draußen

Cuatro carteras imprescindibles en 2024 de la gran cantidad de carteras criptográficas que existen

Quatre portefeuilles indispensables en 2024 parmi la pléthore de portefeuilles cryptographiques disponibles

2024 में ढेर सारे क्रिप्टो वॉलेट में से चार के पास वॉलेट अवश्य होने चाहिए

世の中にたくさんある暗号通貨ウォレットの中から、2024 年に必須のウォレット 4 つ

수많은 암호화폐 지갑 중 2024년 필수 지갑 4가지

Quatro carteiras obrigatórias em 2024 dentre a infinidade de carteiras criptografadas que existem

Четыре кошелька, которые обязательно нужно иметь в 2024 году из множества существующих криптокошельков

Piyasadaki Çok Sayıda Kripto Cüzdanından 2024 Yılında Sahip Olunması Gereken Dört Cüzdan

Bốn loại ví phải có vào năm 2024 từ vô số ví tiền điện tử ngoài kia

众多加密钱包中，2024 年必备的四款钱包

Barely a month ago, the Central Bank of Nigeria (CBN) issued a that ended a two-year crackdown on cryptocurrency within the country’s banking sector, raising the hopes and aspirations of its vibrant crypto community. circular For two years, the repressive CBN ban on cryptocurrencies and digital assets shut the doors in the face of potential investors and robbed the West African country of millions of dollars in web3 funding. While the CBN ban lasted, the rest of the world, however, acknowledged how Nigeria still maintained its position in the crypto race, setting a record as one of the world’s biggest destinations for crypto investments, especially as the biggest crypto market in Africa. In 2023, ranked Nigeria as the 7th country with the highest number of crypto holders in the world boasting a large trading database. In other words, a little over 22 million people own cryptocurrencies in the country. Binance The effects of the prolonged ban sapped the enthusiasm of crypto investors who were eyeing the Nigeria booming market, and it was in the heat of the moment that some of its homegrown crypto companies like Patricia left the country, while other less known companies went out of business altogether. Now that the ominous ban on cryptocurrency has been lifted by the Central Bank of Nigeria(CBN), how is Nigeria making headway in turning its losses to gains and repositioning itself for the next crypto bull run? A New Era Beckons The new CBN circular that ended the two-year ban reversed the prohibition that was placed on the country’s Money Deposit Banks(DMBs). Prior to the ban in 2021, local DMBs were directly involved in the crypto services by serving as the payment gateway for crypto traders on various exchanges. The latest CBN circular, however, now allows them to deal directly with Virtual Assets Service Providers (VASP) in a manner that is consistent with due diligence and crypto compliance. As a result of this, web3 companies like Agile Dynamics, Blockstation, and FireBlocks have entered the Nigerian market, with a considerable interest and investment in the tokenization of Real World Assets(RWA) in the country. Tokenization of Real World Asset(RWA): Nigeria’s Biggest Web3 Opportunity Dubai-based web3 consulting company Agile Dynamics Tech recently announced the signing of Letter of Intent (LOIs) and partnership agreements with Nigeria and two other African countries, signaling its interest in entering the country’s emerging crypto market. "These agreements represent a significant step forward in our mission to foster meaningful change through technology and strategic partnerships," said Paul Lalovich, cofounder of Agile Dynamics tech. "We are thrilled to collaborate with Nigeria, South Sudan, and Mali in leveraging digital solutions to drive economic development and strengthen their positions in the global market." “The signed LOIs and partnership agreements exemplify Agile Dynamics tech's commitment to promoting technological innovation and progress in the mining and minerals sector across diverse international landscapes. By facilitating the tokenization of Real World Assets and securing Direct Foreign Investments, the company aims to catalyze sustainable growth and prosperity in these regions”. Nigeria’s SEC Says YES to Innovation Since the CBN ban was lifted in December 2023, Nigeria’s crypto community has come to terms with the fact that cryptocurrencies are no longer banned in the country, and the government is willing to use this medium to usher in technological innovation and economic growth. In a groundbreaking move, Nigeria's Securities And Exchange Commission (SEC Nigeria) authorized the National Association of Securities Dealers(NASD plc) to launch the Digital Securities Platform (N-DSP), an electronic platform where cryptocurrencies and other digital assets can be listed and offered to the investing public. When it is launched, the Digital Securities Platform (N-DSP) is going to be the first Over-The-Counter Service (OTC) for cryptocurrencies and digital assets in the country and the first crypto-based digital platform to be regulated by the Securities And Exchange Commission (SEC)in a compliant fashion. Eguarekhide Longe, the Managing Director of the NSDP, in his words, stated that : “Our objective is to empower millions of young crypto investors with access to promising digital assets, ensuring they can confidently purchase in a completely compliant and secure investment environment”. Furthermore, the innovative spirit of Nigeria’s NASD can be seen in its partnership with Blockstation, a leading blockchain development company. This partnership underscores the vision to make Nigeria a leading web3 hub in the world. It also goes to show that blockchain technology can play a vital role in boosting the country’s GDP. Commenting on the recent SEC approval, Blockstation founder and CEO Jai Waterman stated that: “The integration of cutting-edge technology to address the needs of, and captivate the substantially large youthful population, is set to unlock previously untapped markets. We are confident that this platform will play a pivotal role in propelling Nigeria into a new era of economic growth”. Conclusion The 2021 CBN ban on crypto transactions was reversed on the 22nd of December, 2023, through a circular allowing Virtual Assets Service Providers(VASP)to operate in the country. The ban, which lasted for two years, created a roadblock to potential crypto investments and lowered the bar of web3 innovation. However, the new policy is touted to be a game-changer as Nigeria continues to attract foreign investment and as it continues to show its commitment to web3 innovation.

Crypto Crackdown Ends: Nigeria's New Policy Unlocks Web3 Innovation

The introduction of blockchain technology brought a novel way to conduct financial transactions. Absolutely trustless, Bitcoin and other removed the need for users to rely on trusted third parties to send and receive money. However, that is limited to peer-to-peer transactions. decentralized digital assets Centralized institutions, like the ones in traditional finance, mushroomed to offer utility and convenience that otherwise don’t exist with self-custody and peer-to-peer transacting. Today, the Web3 industry comprises several centralized entities operating alongside decentralized implementations to provide users with a burgeoning ecosystem of finance and tokenized use cases. However, that poses critical challenges. The Woes of the Web3 Ecosystem Trusting institutions to hold and transact user value can lead to bad behavior propelled by the selfish motives of those operating said institutions. Due to that, many – institutional and retail – have their assets stolen. Look no further than the to know how things can go very wrong. Web3 users FTX fiasco The story does not change with any other centralized enterprise that looted its customers. Money-hungry founders adopt corrupt governance practices to part clients from their assets. The growing adoption of the asset type creates a massive need for honest governance practices. Decentralized Web3 protocols also face their own threats, with hackers looking to exploit the large amounts of liquidity they manage. Many protocols have fallen victim to cybercriminals attacking their storages and transactions to walk away with tremendous value. Regardless, the issues faced by centralized and decentralized Web3 platforms are beatable. And what is better than using technology to combat the issues faced by technological advancements that are blockchain and digital assets? Multi-Party Computation (MPC) technology has become the answer to governance-related issues in the centralized and decentralized parts of the Web3 ecosystem. As MPC-based wallets get integrated into the asset storage infrastructures of centralized and decentralized platforms, the ecosystem is moving towards secure, efficient, and simplified institutional governance. The Governance Dilemma in Web3 The governance problems faced by digital asset institutions are nothing new. In fact, the issue of institutions and enterprises behaving poorly with user assets has remained a recurring theme throughout the existence of digital assets. Not using appropriate storage infrastructure, misappropriating funds for self-serving gains, and scamming clients outright have all been repetitive occurrences in the ecosystem. Poor governance in relation to asset storage and access has been why enterprises lose client assets to hackers or decide to steal the value themselves. Web3 protocols operating on decentralized models face governance-related issues as well. The wallets they use for storing and transacting assets and interacting with their user bases are vulnerable to internal and external threats. Like the large amounts of assets stored by institutions, protocol-related wallets attract bad actors in droves. The holes in asset transactions and storage security can allow hackers to have a field day and steal in the millions. If not obvious, such occurrences are related to how the protocols and institutions manage the assets. Relying on traditional single-signature wallets and even multi-signature (multisig) wallets is neither the safest nor the most efficient way to handle them. Single-signature wallets pose the . Essentially, hackers can access the funds stored in a single-signature wallet if they retrieve their private keys. issue of a single point of failure Despite using cold wallets that store private keys offline securely, over the more vulnerable online hot wallets, the threats posed by social engineering and phishing constantly loom. Bad actors can take advantage of the redundancies present with using cold wallets in the enterprise setting to penetrate through their high-level security. Then, there is always the issue of rogue players within the enterprises, taking advantage of the single point of failure possessed by single-signature wallets. How hard is it for an employee or anyone from the top-level management to misappropriate funds from their company’s wallets? All it takes is access to wallet private keys and the motivation to steal. While the most logical approach to evading such issues is using multisig wallets, they are not without their drawbacks. Multisig wallets require multiple keys in an m-of-n configuration to sign a transaction. That means multiple signatures get broadcasted on-chain, and when the required number of signatures are broadcasted, transactions get initiated from the . However, that poses security vulnerabilities. multisig setup Hackers who have narrowed down on protocol- or institution-related wallets can figure out the wallets signing the transaction and the number of keys required to sign any transaction. Over a long enough period, they can theoretically gain access to the needed number of wallet private keys to launch successful attacks. Similarly, corrupt organizational members can retrieve the private key information of their peers to take control of funds and manipulate transactions. Also, several key signing transactions increase transaction fees at the blockchain level. Furthermore, multisig wallets are not interoperable and often just support one chain. So, interacting with assets from different blockchains will require enterprises and projects to utilize multiple multisig setups. Keeping track of all those wallets and spending heavily on the numerous transactional requirements are not feasible. Single- and multi-signature wallets may be ideal for the average retail investor or user. But institutions need wallet solutions that are more secure and efficient without one canceling the other, which is usually a dilemma with anything blockchain-related. Introducing MPC Technology: A Paradigm Shift in Governance MPC technology is nothing new – it has been a staple of cryptography since the ‘80s. With developments in MPC technology and blockchain’s introduction, MPC has integrated into the functioning of digital asset wallets. MPC technology is used to create separate shards of data. These shards, when combined, can compute a specific result. During the computation, no information about any shard is revealed. MPC algorithms are designed to hide the sharded data of users from one another while revealing just the results of computations. Transposing this capability to digital asset wallet functionalities generates possibilities where multiple individuals, again m-of-n, can approve transactions. It might sound like how multisig wallets work, but several differences exist. The major one is MPC wallets not consisting of several private keys like multisig wallets. Instead, they work with one key divided into multiple shards. When all the key shards, or the needed number of shards, initiate a transaction, the algorithm computes the data from the shards to generate a transaction signature. This signature then takes the transaction on-chain for verification. The computation itself is executed off-chain. Thus, hackers cannot learn about the key shards responsible for initiating transactions from MPC wallets by looking at blockchain explorers. This security comes on top of that offered by the multiple key shards needed to initiate transactions. MPC wallets are, thus, highly resilient against cyberattacks. Several MPC wallet providers now also implement key refresh features, which allow MPC wallet users to generate new key shards after every transaction or set intervals. Therefore, it is nearly impossible for cybercriminals to gather information about the needed shards over a long period to make unauthorized transactions. Institutions and protocols relying on MPC wallets for asset storage can avoid cyberattacks better than with other wallet types. Attacks launched by internal threats are obviously also averted. , reigning in the ideal governance measures through distributed access to digital assets in the most secure way. MPC wallets prevent the possibility of initiating corrupt transactions MPC wallets also offer high levels of transparency to enterprises. Those in charge of enterprise storage have access to wallet transaction history, including information about the value transferred and members approving or declining the transfers. Such improvements push MPC wallets above multisig ones despite both wallet types allowing for distributed digital asset transactions. MPC wallets also offer increased efficiency compared to multisig wallets and cold wallets. They transmit a single signature on-chain, making transaction confirmation much faster than confirmation on multisig wallets. Also, their enhanced security allows institution personnel to store the key shards safely online. Because of that, institutions can transact digital assets much faster than cold wallets while achieving similar levels of security. While cold wallets are still the industry standard for concentrated asset storage and can also come in MPC configurations, institutions can utilize hot wallets in MPC configurations for enhanced security while maintaining the efficiency needed to provide instant liquidity for customers. Another advantage of MPC wallets is that they are highly scalable. Say enterprises want to increase or decrease the number of personnel possessing access to their MPC wallets. They can generate or delete additional key shards with ease. Furthermore, MPC wallets are interoperable with most blockchains. So, enterprises and protocols can store several crypto assets in these wallets without maintaining dedicated wallets for each blockchain. The benefits do not stop there. MPC wallets can easily be plugged into platforms, removing the need to rebuild parts of the platforms to accommodate MPC storage. With a long list of advantages, MPC wallets are the logical choice over other wallets for platforms managing multiple wallets in their infrastructures and committing high-value transactions. Their efficiency and scalability are unmatched. MPC Technology in Action: Practical Applications for Institutional Governance MPC wallet providers are making a cutting-edge difference to the dilemma of institutional governance in Web3. Let’s look at some wallet providers and custodians providing the best MPC solutions. Fireblocks Fireblocks is an industry-leading custodian known to address all kinds of digital asset storage needs. Their non-custodial MPC wallet solution is one of the easiest to integrate into applications and platforms. It operates with the natively developed MPC-CMP algorithm – a leading innovation in MPC-based asset storage. The algorithm is open-source and can be audited before implementation. Fireblock’s MPC offerings are compatible with 50+ blockchains and hundreds, if not thousands, of tokens. Signing transactions occur with some of the fastest speeds while using Fireblock’s MPC wallets. These capabilities have let the custodian process transactions collectively, moving over $4 trillion. Liminal Custody Liminal is a fairly new entrant in the segment but is witnessing rapid adoption. Over fifty crypto enterprises use its services, including banking-grade MPC storage solutions. It also boasts more than $550 million worth of assets under secure storage and has processed transactions collectively worth over $6000 million through its custody solutions. Liminal has achieved such feats by making the most difference in the MPC wallet segment with its increased security protocols. digital asset custody That involves enterprises setting up measures like transaction limits and whitelisting receiver wallet addresses. These processes occur through ceremonies where enterprise personnel accept or decline wallets during the whitelisting process and set limits on transaction values. Through truly distributed governance, Liminal’s MPC wallets transform institutional governance and set the benchmark for Web3. Blockdaemon Blockdaemon – one of the best-known MPC wallet providers, has offered such solutions since 2018. Interestingly, the company is the first to issue MPC-based custody solutions. Not surprisingly, its MPC wallet solutions are some of the most widely used today. Several crypto enterprises and traditional finance institutions rely on its digital asset storage offerings. The wallet provider’s solutions come fortified by its “Advanced MPC” technology, a self-developed MPC module securing wallets on multiple levels. Like the other entrants here, Blockdaemon’s wallets are secured through distributed signing capabilities by dividing private keys into shards. However, what makes them highly interesting is the use of MPC technology for transaction-related policies. Blockdaemon uses cryptography to store policy-related information with key shards. Policies are, thus, merged with the key shards, making transaction manipulation highly unlikely. Therefore, transactions are secured by MPC technology at two layers, bringing increased security and good governance. These industry innovators offer solutions embedded with to take institutional, enterprise, and protocol custody-related governance to the next level. Despite the more touted benefits of distributed and secure access and storage of assets, MPC wallets bring other benefits like accountability and transparency to governance trails. So, whether it is an enterprise or a web3 protocol, permitted stakeholders always know how funds are accessed and utilized. MPC technology The Future of Institutional Governance with MPC Technology There is no doubt that MPC technology is spearheading the much-needed transformation in institutional governance that Web3 requires. By merging security, efficiency, and distributed access, MPC wallets avert major issues with the concentrated asset storage of enterprises and protocols. The entire ecosystem can rest easy now that their assets are stored much safer against cybercriminals and internal exploits. With that level of safety, more institutional investors will begin interacting with digital assets. The enormous value they pump into the ecosystem will remain secured by the enterprises of their choice. Of course, the safety will also extend to Web3 protocols. MPC wallets handling their massive liquidity will come set with predetermined parameters and distributed signing to ensure only correct transactions occur. DAOs will also move to implement MPC wallets if they are not already. All aspects of the will undoubtedly benefit from MPC technology. With calls for increased security, transparency, and efficient governance practices from user communities and regulators, MPC wallets hold the potential to fill all existing gaps. Web3 ecosystem Conclusion Web3 platforms have always had evident governance and security problems. They mainly stem from how the platforms store digital assets. MPC technology’s integration in asset storage infrastructure addresses the related governance issues and improves security and efficiency in handling large amounts of liquidity. Thus, it is important to understand how MPC technology plays a role in making the ecosystem better. Web3 enterprises must adapt to the changing times to meet the desires of users and lawmakers, and integrating MPC wallets into asset storage infrastructures will help them do that.

How MPC Technology is Simplifying Institutional Governance

While Ethereum, Solana, and other blockchains have been at the forefront of building dApps, developers are now considering the untapped potential of building on Bitcoin with Rootstock. Explore a paradigm shift that could redefine your dApp development experience and open doors to unparalleled innovation. How does Rootstock enable building on Bitcoin? Rootstock is a smart contract, EVM-compatible sidechain on Bitcoin that enables developers to build decentralized applications (dApps) on top of Bitcoin. It is a that provides smart contract functionality and scalability without sacrificing the security of the Bitcoin blockchain. Its native cryptocurrency is called used as gas for all transactions happening on the Rootstock chain. layer 2 solution RBTC Read this comprehensive guide to get introduced to Smart Contract development and deployment, getting RBTC, tooling and developer resources and how to get help when building on the Rootstock Blockchain. If you want to get an in-depth view of the Rootstock Blockchain and why developers choose to build on Rootstock including EVM-compatibility, scalability, security of Bitcoin, and lower fees, read part one in the hackernoon series: . DeFi on Bitcoin Part 1: A Guide To Building dApps on Rootstock Prerequisites for Smart Contract Development on Rootstock Smart contracts are self-executing code that are stored on a blockchain. They can be used to automate a wide range of transactions and agreements, without the need for intermediaries. It is essential for building dApps, as they provide the foundation for decentralized applications. For a quick intro, read the to get a quick introduction to Rootstock, learn how to interact with Rootstock in your web browser, and how to view Rootstock transactions. quick-start guide Rootstock Smart Contract Capabilities: Rootstock offers a variety of smart contract capabilities, including: Support for Solidity: the most popular smart contract programming language. Developing on Rootstock: DeFi on Bitcoin Porting dApps and benefits over Ethereum EVM-compatibility: Rootstock’s virtual machine (RVM) is Rootstock’s high-performance virtual machine that can execute smart contracts quickly and efficiently and is EVM-compatible. Security: A secure and reliable environment for deploying and executing smart contracts. Since Rootstock (Layer 2) is built on Bitcoin (Layer 1), it benefits from Bitcoin's high security. Watch video on Merged Mining and Why it matters Rootstock’s Programming Languages Programming Languages use to develop dApp on Rootstock includes: Solidity Javascript To level up your knowledge of smart contracts, enroll for the . Learn how to write, test, compile, deploy, secure, and verify smart contracts using Solidity. Rootstock Blockchain Developer Course Additional resources include: How to setup a Hard Hat project for Rootstock . The Complete Full Stack dApp Guide on RSK - Part 2:Smart Contracts How to create an upgradeable Smart Contract using UUPS on Rootstock Optimizing blockchain infrastructure: Adding a dedicated API service for RPC requests How to do a contract call in Rootstock network How to verify a contract in Rootstock network in a nutshell Want to integrate with Rootstock? or visit the to get started. Get in touch with us Developer Portal Developer Tooling If you’ve already developed any dApps on Ethereum, you should be ready to hop on Rootstock and start building on Bitcoin. Here are some developer tooling to enable smart contract deployment on Rootstock including : explorers, frameworks, libraries, demo code snippets, blockchain oracles, node infrastructure, and smart contract monitoring Explorers (Rootstock Explorer) The provides an in-depth visualization of all the transactions, blocks, addresses and tokens in the blockchain. It also supports contract verifications / interactions. Rootstock blockchain explorer Frameworks Frameworks enable Rootstock developers to participate in the Rootstock ecosystem at different levels, such as  running full nodes, trading tokens, mining cryptocurrency, and more. Following are some frameworks used to build Rootstock dApps: : Hardhat is a development environment for Ethereum software. It consists of different components for editing, compiling, debugging and deploying your smart contracts and dApps, all of which work together to create a complete development environment. Check out this step-by-step tutorial on . Hardhat How to set up a Hardhat project to connect to the Rootstock Testnet : is a framework for Rapid DApp Development. Learn how to build on Rootstock using . useDApp useDApp useDApp React Library Libraries Ethers.js: Ethers.js is a JavaScript library that allows developers to interact with the blockchain. The library includes utility functions in JavaScript and TypeScript, and can also support wallets. OpenZeppelin: is a library for secure smart contract development to help developers build on a solid foundation of community-vetted code. OpenZeppelin Demo Code Snippets The is a github repo full of code snippets demonstrating dev tasks on Rootstock. Each folder within this repo contains a separate demo, and has its own dependencies to install. demo code snippets Blockchain Oracles Blockchain oracles are entities that connect blockchains to external systems, allowing smart contracts to execute depending on real-world inputs and outputs. Here are some oracles integrated with Rootstock: mission is to connect Web2 APIs with Web3 to unlock the tremendous potential of trustless applications that interact with real-world businesses, and truly decentralized off-chain data feeds. API3's Node Infrastructure is a service that provides a fast and easy connection to Rootstock nodes, and a continuously growing list of over 40 cryptocurrency nodes. GetBlock is a blockchain-as-a-service enterprise solution that lets users get access to full Nodes and blockbook Explorers via an API. The service provides a high-quality infrastructure that is quick, cost-effective, and reliable. NOWNodes Blockchain Data Analytics, Asset Monitoring and Management helps developers build, monitor, and improve smart contracts by providing a set of tools to boost productivity, save time, and ensure smart contracts are working as expected. Tenderly is a hosted blockchain data solution providing access to historical and current on-chain data for 100+ supported blockchains, including Rootstock. Covalent is an industry leading analytics and compliance platform. Its AML solutions are trusted to best analyze and manage risk. Coinfirm is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets aimed at institutional use cases. Fireblocks No-Code Infrastructure enables creation of Blockchains, Subnets, and dApps with a No-Code interface. Forward Protocol Want to integrate with Rootstock? or visit the to get started. Get in touch with us Developer Portal Getting RBTC RBTC, or Smart Bitcoin, is the native token of the Rootstock blockchain and it is pegged 1:1 to BTC. It plays a crucial role in the functioning and security of the Rootstock ecosystem and is the token to be used for transaction fees, smart contract execution, Bitcoin peg maintenance, and as a store of value as it has the same value of BTC. To start building on Rootstock, you will need to acquire RBTC. For a detailed guide on Exchanges, Cryptocurrencies and the various ways to get crypto on Rootstock. See or . 3 Easy Ways to Get RBTC Get Crypto on Rootstock Here are some other methods; Faucets A is an app or a website that distributes small amounts of cryptocurrencies as a reward for completing easy tasks. The is used to get test tokens for building and deployments on Testnet. crypto faucet Rootstock Testnet Faucet Decentralized Exchanges Decentralized exchanges or “DEX”, is a peer-to-peer marketplace where users can trade cryptocurrencies without the need for a central authority. Instead, DEXs use smart contracts to facilitate trades and ensure that they are executed fairly and securely. Let’s take a look at DEXes that support Rootstock tokens: Money on Chain is a non-custodial and permissionless smart contract based system for Bitcoin lending, borrowing and margin trading. Users can buy SOV with RBTC, swap and trade: DOC, BPRO, rUSDT, xUSD, and MOC tokens on Sovryn. Sovryn is a Decentralized Exchange from Money on Chain, which uses periodic ticks in an order book to match operations at an emerging price, avoiding front-running and allowing fair price discovery even with low volume. Tex is a browser extension for accessing Bitcoin, Rootstock, and Ethereum applications. This MetaMask alternative supports multiple blockchains and provides the easiest way to flip between BTC, ETH/ERC20s, and RSK tokens with built-in one-click atomic swaps. Liquality Wallet Centralized Exchanges Centralized exchanges are managed by a centralized organization such as a bank that is otherwise involved in financial services looking to make a profit. Some of these exchanges include: CoinEx Mexc SimpleSwap Binance MtPelerin Ramp Bridges Bridges are software protocols that enable communication and interaction between different blockchains. 2 way peg The 2 way peg is a protocol that converts BTC to RBTC and vice versa. It is secured by the , which is a unique 2-way peg system that secures the locked bitcoins with the same Bitcoin hashrate that establishes consensus. See the to get started. powpeg 2 way peg app Tokenbridge The allows the move of ERC20 tokens between one chain and the other. Ethereum/Rootstock Bridge Sovryn Cross-chain bridge The allows easy and permissionless transfers of your tokens from one blockchain to another. There are currently three blockchains included in the bridge: Rootstock, Ethereum, and Binance Smart Chain. Sovryn Cross-chain Bridge Supported Wallets Wallets that support RBTC include: Metamask Exodus MyEtherWallet Enkrypt Blockwallet Coinhub Ledger Trezor MyCrypto D’Cent Frontier Tally And lots more… Supported Token Standards ERC20 ERC677 To understand the differences, read . Fungible Token standards Asset Types Fungible Tokens USDRIF: is a fully crypto collateralized stablecoin. 1:1 pegged to US Dollar guaranteed by the smart contract that creates it. RIF US Dollar RIF: This allows any token holder to consume the services that are compatible with the RIF architecture. Token DOC: is the ideal stablecoin for daily transactions and users seeking to hold current value without leaving the benefits of bitcoin. Dollar on Chain Non-token financial assets BPRO: This allows hodlers passive income combined with free leverage that makes the price of the token rise even more when bitcoin price goes up. token RIF Pro: get additional leverage on their RIF and are also eligible to earn a share of fees generated by the RIF on Chain protocol. Holders Visit the to get started. RIF On Chain decentralized protocol Rootstock Community and Support The Rootstock blockchain is supported by its community of developers and blockchain enthusiasts that together provide a significant knowledge base for newcomers to the community. You can find these communities and support channels on: Stackoverflow . Tag #RSK or #Rootstock to get support. Get your questions answered on Stackoverflow Rootstock Global Discord Community Join the Rootstock to get the needed resources and support as you start your journey to build on Bitcoin and Ethereum. Global Discord Community Want to integrate with Rootstock? or visit the to get started. Get in touch with us Developer Portal Free Education Sources Take these courses on Rootstock to level up your knowledge of Rootstock Sidechain  and Writing Smart contracts. Rootstock Blockchain Developer Course The teaches you how to develop on the Rootstock blockchain, with a major focus on smart contract development. In this course, you will learn how to write, test, compile, deploy, secure, and verify smart contracts using Solidity and it is completely FREE! developer course Rootstock User Course The aims to teach you how to use and interact with the Rootstock blockchain network. This course is for a technical user, but does not require or involve any programming knowledge and it is completely FREE! User course Contribute Here are the various ways you can contribute to the Rootstock Ecosystem! Join the Ambassador Program , support the Rootstock ecosystem and earn exclusive rewards. Become a Rootstock Ambassador Earn Rewards Collaborate Network Increase network Get merchandise Get invited and participate in exclusive events with top thought leaders in the space. Submit an Issue Contribute to the . Rootstock Developer Portal Submit an issue Participate in a hackathon or grant Wave three of closes on November 17th — and if you've got a project or an idea that could supercharge our ecosystem, we want to hear from you. Rootstock's grants program Meet the winners of the . first waves of Rootstock Grants Program Future Prospects and Potential Impact of Rootstock on the Blockchain Industry Rootstock is revolutionizing the way decentralized applications are being built and deployed. By providing smart contract functionality and scalability on Bitcoin, Rootstock is enabling developers and businesses to build dApps that are more secure, reliable, and efficient. Rootstock also has a significant impact on the adoption of Bitcoin, by making it possible to build dApps on Bitcoin, Rootstock has opened up new possibilities for the use of Bitcoin. For example, Rootstock can be used to build decentralized financial applications (DeFi) and other innovative dApps on Bitcoin. In this article, we covered how to deploy dApps on Bitcoin using Rootstock EVM-compatible sidechain, we looked at developer tooling and resources needed to get started on Rootstock. Useful Resources DeFi on Bitcoin: The Top 4 Use Cases to Build on Rootstock Rootstock vs. Ethereum: Why More Developers Are Choosing To Build on Rootstock Rootstock Developer Portal Rootstock Youtube

DeFi on Bitcoin Part 2: How to Deploy DApps on Bitcoin Using the Rootstock Sidechain

বিটকয়েনে ডিফাই পার্ট 2: রুটস্টক সাইডচেইন ব্যবহার করে বিটকয়েনে কীভাবে ডিএপস স্থাপন করবেন

DeFi auf Bitcoin Teil 2: So stellen Sie DApps auf Bitcoin mithilfe der Rootstock-Sidechain bereit

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ビットコインの DeFi パート 2: Rootstock サイドチェーンを使用してビットコインに DApps をデプロイする方法

비트코인의 DeFi 2부: Rootstock 사이드체인을 사용하여 비트코인에 DApp을 배포하는 방법

DeFi em Bitcoin Parte 2: Como implantar DApps em Bitcoin usando Rootstock Sidechain

DeFi на Биткойне. Часть 2: Как развернуть DApps на Биткойне с помощью сайдчейна Rootstock

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DeFi trên Bitcoin Phần 2: Cách triển khai DApp trên Bitcoin bằng cách sử dụng Rootstock Sidechain

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, the leading financial media company for next-generation investors, is excited to announce a robust lineup of speakers that includes the world’s top investors, founders and entrepreneurs for its annual Nov. 14 in New York City. Benzinga Future of Digital Assets Conference This must-attend event promises to be the largest gathering of digital asset companies and institutional investors, offering a year's worth of networking opportunities in one day. Forge partnerships and build winning investment strategies. This event is where global power players, Wall Street money managers and blockchain visionaries meet and manifest a dynamic, future-forward Web3 marketplace. The Future Of Digital Assets conference will be preceded by the Nov. 13. Both events will be held at Convene at 225 Liberty St. in Manhattan. Benzinga Fintech Deal Day & Awards “We're gearing up for a monumental event this November. The lineup is unmatched, and we will truly be charting the course for how Wall Street and digital assets work with and against each other,” says Luke Jacobi, president of Benzinga. Benzinga’s impressive roster of speakers continues to grow daily. Some highlights include: Brett Harrison, Founder, CEO, Architect Richard Widmann, Head of Strategy Web3, Google Cloud Luca Netz, CEO, Pudgy Penguins Caitlin Long, Founder, CEO, Custodia Bank Mark Yusko, CEO, Chief Investment Officer, Morgan Creek Capital Management Keith Grossman, President of Enterprise, MoonPay Gracy Chen, Managing Director, Bitget David Palmer, Chief Product Officer, Vodafone Brooke Stoddard, VP, Client Team, Grayscale Investments Alex Salnikov, Co-Founder, Chief Strategy Officer, Rarible Abhishek Saxena, Investment Principal, Polygon Ventures Bobby Zagotta, CEO, Bitstamp USA, Global Commercial Officer, Bitstamp USA To see the full agenda with speakers, go here. Organizations sending speakers to this year's events include BlackRock, BNY Mellon, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Dow Jones, Northern Trust, Franklin Templeton, Amazon, S&P Global, VanEck, Google, Fireblocks, Invesco, Moody’s, and EDX Markets, to name a few. The countdown to the Future of Digital Assets event has begun! With limited spaces remaining, now is the time to secure your spot and be part of a groundbreaking experience that promises networking, learning, and insights into the evolving world of digital assets. Register here. For more information, visit the . Future of Digital Assets event page Benzinga’s Fintech Deal Day & Awards | November 13, 2023 | Convene in NYC Use code HACKERNOON20 for 20% off tickets. . Get tickets here About Benzinga Benzinga is a leading content provider to global brokerages and media outlets, including Yahoo, MarketWatch, and Insider. Benzinga delivers high-quality, low-cost, and timely content directly to users through newswires, analytics software, and other data services. In addition to its core product portfolio, Benzinga hosts thought leadership, networking, and educational events to assist investors, founders, and operators in the next stage of their growth.

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, a financial media company, is gearing up to honor innovation in the financial services sector. Its flagship conferences, including the and , will kick off at New York City’s on November 13. Benzinga Fintech Deal Day & Awards Future of Digital Assets Convene 225 The two days of events will bring together 1,000 founders, operators, and investors to share the latest trends and opportunities in fintech and digital assets. Confirmed speakers include leading executives from industry titans such as BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO Capital Markets, Northern Trust, Citibank, Amazon, S&P Global, Google, Fireblocks, Invesco, and Moody’s. “This is where the future of fintech will be shaped,” Benzinga Founder, CEO Jason Raznick said. “If you're not here, you're likely to miss out on upwards of $100 million in deals made. This is where deals get done.” Other reasons to not miss Benzinga’s Fintech Deal Day & Awards include: Executive Access: Engage with executives at top-tier companies like Robinhood and State Street through rapid-fire discussions and speed networking. Keynote Surprise: Meet celebrity “shark” investor Kevin O’Leary, from ABC Network’s Shark Tank. O’Leary will offer sharp insight into the world of fintech investing, as well as his candid thoughts. Benzinga Connect: Ideate and deal with over 1,000 founders, operators, and investors attending with Benzinga’s networking app. Receive key updates, book 1:1 meetings, and review the agenda, speakers, sponsors, and participating companies. Innovation Showcase: Stroll the exhibit halls for live demos and presentations before joining attendees in the afternoon to celebrate innovators who have made a significant contribution to the trajectory of the fintech industry. A limited number of tickets remain available; the clock is ticking, and seats are filling up fast. This is the one event in 2023 that you can't afford to miss. Secure a spot and be a part of the thought leadership that guides tomorrow's innovation in financial services. Book Now! Benzinga’s Fintech Deal Day & Awards | November 13, 2023 | Convene in NYC Use code HACKERNOON20 for 20% off tickets. . Get tickets here

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Many investors are asking the tough questions: Is now the right time to invest in crypto startups? Are these risky ventures worth it? How do you spot a unicorn versus a scam? Let's be honest — there's never a perfect moment in markets. Whether it's geopolitical tensions, economic instability, or a black swan event, external shocks always stir doubts. So it's no wonder investors feel hesitant about crypto startups amid the recent crypto winter. But every bear market still sees new growth. Despite side factors, opportunities always emerge for those who analyze fundamentals. The mortgage crisis gave way to fintech innovation. The coronavirus recession accelerated digital transformation. No wonder that even now, investors are still hesitant and questioning. That's why we decided to analyze the main fears of investors, give answers to them, and most importantly understand — is investing in crypto startups a madness or a good idea? The Crypto Winter Thaw — Venture Capital Remains Bullish The has left some venture capitalists wondering whether to continue investing in such a volatile (and even one might say dangerous) industry. The situation was further exacerbated by such failures as the crash of Celsius and Three Arrows in 2022, as well as the rapid death spiral of the algorithmic stablecoin UST and the highly capitalized token LUNA. collapse of FTX But most know crypto winter won't last forever. They play the long game, looking past short-term swings. Pre-fall, FTX threw around big checks with little diligence, undercutting more careful investors. Sure, deals are getting more scrutiny post-FTX. Investors want more protection. Valuations cooled from the frenzy. to David Pakman, managing partner at crypto venture capital firm CoinFund, VCs are now devoting more time to due diligence. According This increased attention to the details of crypto projects, as well as investor concerns about the government's heavy regulation of cryptocurrencies, is reflected in the data — to PitchBook, venture capital inflows into the crypto industry declined for the fifth consecutive quarter since Q1 2022 to $2.34 billion globally. The Top deals were LayerZero's Series B round of $120 million and Worldcoin's Series C round of $115 million. according Nevertheless, Future Market Insights that the global blockchain technology market is expected to grow at a CAGR of 44.3% from 2023 to 2033, which offers significant opportunities for Web3 projects in the future. VCs get that calculated risks and reap rewards later. forecasts In summary, the developments point to an investment terrain becoming sensibly navigable for those who take an informed long view. Crypto startups with fundamental value propositions remain fertile ground with appropriate due diligence. The data suggests a thaw is imminent. Is investing in a crypto startup safe? Is investing in a crypto startup safe? Absolutely — with proper due diligence. Every industry has fraud risks. But avoiding an entire category like crypto startups due to isolated cases makes little logical sense. The prudent move is thorough analysis on a case-by-case basis. Crypto startups offer compelling upside for investors: It is driving some of the most disruptive innovations in sectors like finance, data storage, identity, supply chain tracking, and more. Thorough vetting illuminates emerging leaders with asymmetric growth ahead. Government organizations are growing in adoption of blockchain and crypto. For example, Japan NFTs to officials excelling at digital tech to motivate broader use. issued Also importantly, blockchain's structural properties enable security unmatched by traditional systems. Transactions get encoded on decentralized, tamper-proof ledgers visible to all parties. This transparency builds trust and accountability. Periods of irrational exuberance inevitably lead to repricing. However, measured analysis reveals true potential beyond the hype cycle swings. Crypto winters thaw, while blockchain relentlessly marches forward globally. By rigorously vetting fundamentals, investors can identify enduring plays poised to help shape the digital future. In summary, prudent startup investments remain fertile terrain for discerning investors disciplined in research and risk management. Will regulations restrict crypto startups? Thoughtful regulation won't stifle crypto innovation — just sensibly guide it. Look at — welcoming crypto built a fintech hub. Pragmatic oversight protects consumers while letting innovation flourish. Hong Kong Despite , the US won't categorically deem crypto securities. Recent legislative efforts affirm sensible nuance: SEC Chair Gensler's zeal The House Financial Services Committee the «Financial Innovation and Technology for the 21st Century Act», recognizing digital assets can be offered within investment contracts without being securities themselves. approved They also approved the «Blockchain Regulatory Certainty Act» excluding non-custodial ecosystems from financial institution designations. These demonstrate measured regulatory evolution, not blanket crackdowns. Further, executive orders direct agencies to assess the risks and benefits of crypto, signaling balanced rulemaking. Reasonable guardrails provide investor protection and market integrity without squashing growth. The thoughtful path is clear — foster crypto's potential through enabling oversight. So don't fear regulations will eliminate promising startups. With pragmatic policymaking, innovation can flourish alongside appropriate safeguards. Are crypto markets too volatile? Volatility sparks unease, but also opportunity amidst crypto's boom-bust cycles. Yet for shrewd investors, volatility brings upside too. Here's why: 1. Lower Entry Point Bear markets often mean lower asset prices. It's a chance to get in at a better valuation, setting the stage for potential growth when the market rebounds. 2. Resilience Test Startups that survive and thrive in bear markets demonstrate resilience and adaptability. These qualities bode well for long-term success. 3. Innovation Acceleration Challenging times breed innovation. Startups are driven to think creatively, leading to breakthroughs that could define the future. 4. Long-Term Vision Bear markets are temporary. Investing now positions you to benefit when the market inevitably turns upward. 5. Diversification Edge Adding crypto startups diversifies your portfolio and hedges against traditional market swings. So don't fear volatility — expect it and prepare. Invest based on project merits, not fickle markets. Is the upside worth the risks? Investing in crypto startups might seem like stepping into uncharted territory, but the potential upside can outweigh the risks if approached strategically. Allocating a reasonable portion of your portfolio to cryptocurrency startups can offer substantial reward opportunities while managing potential downsides. Here's why: Successful crypto startups have demonstrated the potential to generate substantial returns, outperforming traditional investments in certain cases. Example: Fireblocks, an Israeli crypto startup that provides security for moving, storing, and issuing digital assets. On January 27, the company's founders another round of funding for a staggering $550 million at a valuation of $8 billion. High Reward Potential. announced The crypto sector is driving innovative solutions across industries, including finance, supply chain, healthcare, and more. Innovation and Disruption. The increasing adoption of cryptocurrencies and blockchain technology by governments, institutions, and corporations indicates the sector's potential for long-term growth. Global Adoption. In the rapidly evolving landscape of crypto startups, informed decision-making is key. Evaluate projects based on their fundamentals, team expertise, technology, and potential impact. Remember, informed investing is the best way to mitigate concerns and reap the rewards of this dynamic space. So, the big question is, are crypto startups still a good investment? Well, let's address the elephant in the room: Are crypto startups still a good investment? The answer is a resounding yes! Crypto startups embody innovation, acting as disruptors of antiquated systems, and have the potential for rapid growth in a dynamic market. Yet, as with any investment, the final decision lies with you. While crypto startups offer unparalleled opportunities, it's essential to remember that not every project is destined for greatness. Only you can decide if a particular venture aligns with your financial goals, risk tolerance, and investment strategy. Keep in mind that discovering a truly successful startup isn't a walk in the park. It requires careful research, insightful analysis, and a touch of intuition. If you want to invest in a promising crypto, blockchain, or Web3 project, you can use a dedicated platform for Web3 deal flow or try to scout some startups in Crunchbase, demo days, or pitching sessions. Web3 Don’t forget that proper due diligence is the key when investing in early-stage startups. Do your own research and trust your gut feeling. And better don’t follow hype or other investors’ choice: this way you’ll regret less if it fails, and enjoy more if it flourishes!

Are Crypto Startups Still a Good Investment?

The financial landscape is set to be revolutionized by the birth of BitDelta, the groundbreaking trading platform launched on 10th August 2023, with a bold vision to empower young individuals and ambitious investors seeking to seize control of their financial future. BitDelta Founded by dedicated and seasoned financial traders and pioneers with decades of industry experience in traditional and emerging markets, BitDelta is a trading platform meticulously crafted by traders for traders. By enabling users to diversify their portfolios into cryptocurrencies, commodities, indices, stocks, forex, and beyond, all within one seamless platform, BitDelta is reshaping the future of trading with a new lens. A New Era of Trading Possibilities: Since the end of covid, the financial markets have seen a year-on-year growth of retail investors, predominantly consisting of Millennials and Gen Z. This is showcased through the remarkable engagement and participation seen this year alone as the percentage of total trading volume from January 25 to February 1, 2023, which was about according to JP Morgan. A similar increase in trends is also noted in the crypto market, where regions like India, Turkey, Australia and the Philippines, with high Millennial and GenZ populations, have all ranked within the top 25 countries for crypto adoption as per the report. 23% HedgewithCrypto Therefore to service this growing trader base, BitDelta has launched an innovative platform catered to the new age of traders and investors looking to diversify their portfolios into both the traditional and digital markets. The platform is specifically designed with traders' needs in mind, offering enhanced security features, lightning-fast execution, and a wide range of trading instruments. Users are also able to seamlessly move from market to market with wallets safeguarded through leading global custodians, Fireblocks, whose highly secure MPC wallets give BitDelta an edge among the various trading platforms in the market. Along with these security features, BitDelta has an array of services that range from , crypto converters, token launchpad and its very own blockchain-built endowment program called . This unique program allows BitDelta’s users to set aside portions of their accumulated wealth on the platform for family and friends through a nomination mechanism run on the blockchain. buying crypto with a card SafePass The BitDelta Promise: Every Trade Counts BitDelta's unwavering commitment to its traders is embodied in its motto "Every Trade Counts" and “Democratizing Trading for All.” Unlike any other trading platform in the market, BitDelta prioritizes the success of every trader through its user-friendly platform, along with educational resources in the form of free__ __ trading webinars__ __. BitDelta Academ community channels Regarding the launch, a BitDelta spokesperson stated that "We believe that every individual should have access to diverse investment opportunities, regardless of their experience level. BitDelta is designed to revolutionize trading, providing a comprehensive and secure platform that empowers traders to make every trade count." Furthermore, to celebrate the launch of BitDelta, the platform will be running a multitude of exciting campaigns for its users from pre-funded accounts, airdrops, derivatives trading competitions and more which will be announced in the following week through the BitDelta socials. Prepare to seize your financial future and unlock the limitless potential of trading with BitDelta__ __. signing up today About BitDelta BitDelta is a global trading platform servicing 120+ countries with a mission to revolutionize the financial landscape by empowering young individuals and ambitious investors to ignite their trading journey. BitDelta The platform offers a comprehensive trading experience through a range of innovative features, like Spot Trading, MT5 Trading, Derivatives Trading, Card Crypto Purchases, OTC Leverage, and more. Along with these features, BitDelta users are able to diversify their portfolios into a variety of assets like cryptocurrencies, commodities, indices, stocks and forex, all while using a highly secure asset custodian. Token Launchpad Services With a steadfast commitment to making trading accessible for all, BitDelta aims to create a sophisticated and engaging trading experience where every trade counts. To learn more about BitDelta, visit: | | | | Website Twitter Telegram LinkedIn Instagram This story was distributed as a release by Zexprwire under HackerNoon’s Brand As An Author Program. Learn more about the program . here

“Make Every Trade Count” with BitDelta, the New Platform Set to Revolutionize Trading

"Haga que cada comercio cuente" con BitDelta, la nueva plataforma preparada para revolucionar el comercio

"Faites en sorte que chaque transaction compte" avec BitDelta, la nouvelle plateforme destinée à révolutionner le trading

बिटडेल्टा के साथ "हर व्यापार को सार्थक बनाएं", ट्रेडिंग में क्रांति लाने वाला नया प्लेटफॉर्म

取引に革命をもたらす新しいプラットフォーム、BitDelta で「すべての取引を価値あるものに」

“Faça Cada Negociação Contar” com a BitDelta, a Nova Plataforma Definida para Revolucionar a Negociação

“Làm cho mọi giao dịch đều có giá trị” với BitDelta, Nền tảng mới được thiết lập để cách mạng hóa giao dịch

BitDelta “让每笔交易都有意义”，新平台将彻底改变交易

e& - one of the world’s largest technology and investment groups, has joined the first-ever Dubai FinTech Summit as the Headline Sponsor to share its expertise and collaborate with other industry players for building a more innovative and efficient financial ecosystem. Dubai, May 7, 2023, , ZEX PR WIRE Taking place on 8th  and 9th  May under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Deputy Prime Minister and Minister of Finance of the UAE; and President of the Dubai International Financial Centre, the summit will convene 5,000 global FinTech and technology experts to discuss innovations and challenges in the sector, as well as connect start-ups, investors and industry leaders. Founded in Abu Dhabi over 47 years ago, e& has a rich legacy as the pioneer in telecommunications in the UAE. Today, its footprint spans 16 countries across the Middle East, Asia, and Africa, making it a leading player in the industry. Innovation is ingrained in e&'s DNA to create an unbreakable bond between communities using cutting-edge digital solutions, smart connectivity and advanced technologies. Commenting on the partnership, Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, said: “The signing up of the leading tech and investment group e& as the headline sponsor is a major endorsement for the Dubai FinTech Summit. FinTech has become DIFC’s fastest growing sector, and research shows that the MENA’s USD91 bn digital economy is set to grow to over USD251 bn by 2027 . Events like this are vital to help collaboratively build frameworks and partnerships that will elevate the industry to new levels.” [1] Beyond providing thought leaders to debate and exchange ideas, innovators, and entrepreneurs will also have an opportunity to meet with over 1000 pre-qualified investors during the two-day summit. Khalifa Al Shamsi CEO e& life said: "We are pleased to partner with the Dubai Fintech Summit that is aligned with e&'s overarching strategy particularly for e& money - the fintech arm of e& life. This financial super app marketplace is designed to revolutionise the customer experience, making this partnership a fitting opportunity to showcase e&'s innovative approach to fintech.” AlShamsi added: "The recent acquisition of a majority stake in Careem is in line with our strategic ambition of scaling up consumer digital offerings and accelerating e& Group's transformation into a global technology and investment group. We will continue to push boundaries in product innovation and customer experience by collaborating with key players in the fintech ecosystem to capitalise on opportunities as they arise." Organised by DIFC, the leading international financial hub in the MEASA region, the summit will spotlight all things impacting the future of finance – from Web 3.0, metaverse and blockchain to decentralised finance, regulation and policymaking, and the greater need for increased financial inclusivity. Taking place at Madinat Jumeirah in Dubai, the event will host esteemed local voices such as H.E. Abdullah Bin Touq Al Marri, UAE Minister of Economy and H.E. Essa Kazim, Governor of DIFC. The impressive roster of includes Bill Winters, Group Chief Executive of Standard Chartered PLC; Brad Garlinghouse, CEO of Ripple; Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures; and Michael Shaulov, CEO of Fireblocks; among others. speakers at the summit Visitors can now purchase for the Dubai FinTech Summit. tickets About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 8 trillion. With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations. For further information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC. About e& e& is one of the world’s leading technology and investment groups. With consolidated net revenue of AED 52.4 billion and consolidated net profit of AED 10 billion for 2022, its high credit ratings reflect the Group’s strong balance sheet and proven long-term performance. Founded in Abu Dhabi more than four decades ago as the UAE’s first telecommunications company, the Group now operates in 16 countries across the Middle East, Asia and Africa. e& provides innovative digital solutions, smart connectivity and next-generation technologies to a variety of customer segments through its business pillars: etisalat by e&, e& international, e& life, e& enterprise and e& capital. To learn more about e&, please visit: https://eand.com/ Official Content Distribution Partner: ZEX PR WIRE https://zexprwire.com/ For Partnership contact - prerna@zexprwire.com For other contact - info@zexprwire.com This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program . here

e& Joins Dubai FinTech Summit as Headline Sponsor 

e& se une a Dubai FinTech Summit como patrocinador principal

e& rejoint le Dubai FinTech Summit en tant que sponsor principal

e& दुबई फिनटेक समिट में हेडलाइन प्रायोजक के रूप में शामिल हुआ

e&がヘッドラインスポンサーとしてドバイ・フィンテック・サミットに参加

e& junta-se ao Dubai FinTech Summit como principal patrocinador

e& Tham gia Hội nghị thượng đỉnh FinTech Dubai với tư cách là Nhà tài trợ chính

e&作为头条赞助商加入迪拜金融科技峰会

, a global multi-asset trading platform, has listed the emerging web3 blockchain rewards project XActRewards’s utility token $XACT on April 6, 2023. Digital Financial Exchange (DIFX) $XACT was listed on DIFX at 10:00 AM UTC on 6th April, 2023, as a USDT pair to further increase its global community and bring forth real-world connections to the space. This listing comes after the highly successful launchpad listing of the token on the DIFX launchpad. With the launch of the DIFX launchpad, the exchange is taking a significant step towards democratizing crypto space by making it accessible to everyone. web3 rewards Introducing the XActRewards XActRewards is a modern-day loyalty rewards platform that seeks to revolutionize the way businesses interact with their customers on the web3 space. This innovative program allows users to accumulate wealth gradually by collecting XAct Tokens. blockchain-based Unlike traditional loyalty programs that are run by a single entity, XActRewards is a decentralized program that is managed by multiple users. This approach provides opportunities for growth and evolution, as the program's development is not limited to the vision of a single entity. With each purchase made using the XActRewards platform, customers can receive a percentage of the transaction value reimbursed in the form $ XACT. The decentralized nature of the program also ensures that users have full control over their rewards and can use them in a variety of ways, from investing in other cryptocurrencies to making purchases directly on the XActRewards platform. By incentivizing customers with XAct Tokens, the platform is encouraging greater adoption of cryptocurrencies and contributing to the wider goal of mainstream acceptance. With its commitment to innovation and customer-centric solutions, XAct Token is positioning itself as a leader in the blockchain and cryptocurrency space. About $XACT Built on the Polygon Network, $XACT is a Hacken-audited token with a total supply of $10,000,000,000 tokens. With the XAct Token, users can benefit from a seamless shopping experience while accessing a range of exceptional perks. The XAct Token provides an effortless way to enhance a user’s e-commerce activities. The key utilities of the $XACT token include cashback, DAO participation, advertising opportunities, and more. // // // // Website Telegram Twitter Facebook Instagram About Digital Financial Exchange Digital Financial Exchange (DIFX) is a leading centralized multi-asset trading platform launched in 2021 with a mission to bridge traditional and digital markets. It allows users to trade between multiple asset classes that include Indices, Forex, Crypto, CFDs, Metals, Commodities, and more. Along with multiple asset classes to invest in, DIFX comes with a secure crypto wallet as a result of its partnership with Fireblocks, one of the leading crypto custodians in the world.

DIFX Officially Lists XAct Token ($XACT)

DIFX enumera oficialmente el token XAct ($XACT)

DIFX répertorie officiellement le jeton XAct ($XACT)

DIFX ने आधिकारिक तौर पर XAct टोकन ($XACT) को सूचीबद्ध किया

DIFX が XAct トークン ($XACT) を正式にリストアップ

DIFX lista oficialmente o token XAct ($XACT)

DIFX chính thức niêm yết mã thông báo XAct ($XACT)

DIFX 正式上线 XAct 代币 ($XACT)

Digital Financial Exchange (DIFX) , a global multi-asset trading platform, has officially launched a brand-new Crypto Launchpad. Digital Financial Exchange (DIFX) The global trading platform has announced the launch of its new Crypto launchpad platform, providing exclusive access to emerging cryptocurrencies before hitting the mainstream crypto market. The launchpad is designed to empower users with the ability to invest in high-quality, secure, and legitimate projects that have been vetted and approved both technically and legally by the DIFX team of experts. With the launch of the DIFX launchpad, the exchange is taking a significant step towards democratizing the crypto space by making it accessible to everyone and helping promising blockchain and projects successfully launch within the industry. web3 As part of the launchpad services, DIFX will be officially launching the XAct Token as its debut project. $XACT serves as the primary utility token of the XActRewards platform which is a secure and decentralized platform that manages and exchanges loyalty rewards for customers. The rewards-centered blockchain-based platform is a cutting-edge cashback system that combines the best of traditional web2 cashback systems to give shoppers a new experience. Furthermore, with its proprietary technology, $XACT facilitates its users with advanced security and privacy services for its users, while the blockchain-based recording system provides transparency and protection, making transactions fast, secure, and cost-effective. XAct Token's loyalty program is decentralized, meaning it is run by multiple users rather than a single entity, unlocking opportunities for growth and evolution. Customers can build up wealth gradually by collecting XAct Tokens, with a percentage of each purchase reimbursed in the form of this specific cryptocurrency. With the new developments, the XAct Cash Back Token program connects the worlds of Web 2.0 and Web 3.0, making it easier for individuals to benefit from the use of cryptocurrencies. Regarding the launch, Cushbinshad CEO of XAct Rewards stated “Having $XACT on the DIFX launchpad is a big milestone for us in our goal to help our users and community unlock the power of Web3 rewards. Our goal with the XAct Token is to make cryptocurrencies more accessible for everyday use. Our loyalty rewards program is a significant step in that direction, ensuring customers receive valuable rewards that can be easily exchanged for cryptocurrencies or fiat currencies.” Additionally DIFX CEO, Jeetu Kataria stated “Launchpads are a significant step for us as a trading platform to grow and scale blockchain projects and give value to our user base and the overall crypto community. Our goal with launchpads is to give access to a wide variety of promising projects that exist in the market and give them the break they need to successfully launch & thrive.” $XACT will have their initial sales on the Launchpad starting on March 30 till April 5, 2023, along with various social media and trading activations for the crypto community to earn and redeem additional rewards. To subscribe to the XAct Token, head here. About Digital Financial Exchange Digital Financial Exchange (DIFX) is a leading centralized multi-asset trading platform launched in 2021 with a mission to bridge traditional and digital markets. It allows users to trade between multiple asset classes that include Indices, Forex, Crypto, CFDs, Metals, Commodities, and more. Along with multiple asset classes to invest in, DIFX comes with a secure crypto wallet as a result of its partnership with Fireblocks, one of the leading crypto custodians in the world. About XAct Rewards XActRewards platform, utilizing cutting-edge technology, offers XAct tokens, a digital asset that can be used for participating in the loyalty rewards program which aims to transform the way businesses and customers interact. By combining the security and decentralization of blockchain technology with traditional cashback systems, XActRewards offers a solution that is both innovative and practical, setting a new standard for the future of rewards and incentives. Also published here.

XAct Token Debuts on DIFX's Official Crypto Launchpad

El token XAct debuta en el Crypto Launchpad oficial de DIFX

XAct Token fait ses débuts sur la plateforme de lancement crypto officielle de DIFX

डीआईएफएक्स के आधिकारिक क्रिप्टो लॉन्चपैड पर एक्सएक्ट टोकन डेब्यू

XAct Token が DIFX の公式 Crypto Launchpad でデビュー

XAct Token estreia na barra de lançamento criptográfica oficial da DIFX

Mã thông báo XAct ra mắt trên Launchpad tiền điện tử chính thức của DIFX

XAct 代币在 DIFX 的官方加密货币 Launchpad 上首次亮相

The present time marks the contemporary era of blockchain technology. There is a proliferation of advanced consensus-based blockchain technologies. With the surge in smartphone usage, various blockchain-based mobile applications can be found in app stores, including mobile wallets, web 3.0 browsers, decentralized games, DEX, and DeFi apps, among others. However, these applications are not immune to bugs, which can render them vulnerable to attacks. Past incidents have demonstrated that security breaches arising from blockchain-based applications can lead to significant financial losses. This article attempts to cover the various aspects associated with blockchain-mobile application debugging. Classic App vs Blockchain App To delve into the main topic, it's essential to comprehend the fundamental differences between classical and blockchain applications. In essence, classical applications rely on centralized servers, meaning that a central entity has complete control over them. On the other hand, blockchain applications are decentralized, meaning that no single entity has control over the applications or their data. Trust is a crucial factor for both types of applications. Classical applications rely on trust in the central authority or entity that governs the application and its data. In contrast, blockchain applications rely on trust in the network of participants and the consensus mechanism that verifies transactions. Blockchain applications are designed to be trustless, meaning that they do not necessitate trust in a central authority. Types of Blockchain-based App Bugs Blockchain apps designed to support various OS like Android and iOS can exhibit a variety of bugs just like the other classical apps. Sometimes, certain bugs may go undetected for a long period. Here, we discuss a few of them. Security vulnerabilities: These are the most common bugs. In the past, attackers have managed to drain funds from the wallet apps by bypassing the encryption algorithm of the system. Even a minor flaw can be a wormhole for attackers to steal sensitive data. User interface (UI) errors: Poorly designed UI is responsible for making users confused to use the app properly. Users can click or select the wrong options to perform certain operations. For example, if the wallet app has no easier UI, users get difficulties in sending or receiving funds. Blockchain protocol bugs: If there are issues or glitches in the blockchain protocol, it can impact the functioning of the blockchain app. One instance of this is when a bug emerges in a blockchain network like Ethereum which can lead to the failure of smart contract transactions. This can prevent users from being able to access the funds stored in the wallet. Input validation bugs: Imagine you are trying to send 0.5 BTC to one’s address, but due to the bug of a blockchain wallet, 1 BTC is sent! So, input validation bugs can bring a serious issue if it is not fixed at the right time otherwise attackers can allow users to a malicious input even by secretly changing the wallet addresses. Cryptographic vulnerabilities: Blockchain apps are essentially built by adding encryption and decryption algorithms but sometimes, bugs persist in the codes to leak private keys or other sensitive information. The  Solana-based wallets Slope and Phantom hacks in the last year are examples of this sort of bug. Malicious code injection: Attackers can inject their own manipulated code into an application by exploiting vulnerabilities in its code, which is widely known as malicious code injection, and then they propagate the app from the malicious sites. This can finally lead to the theft of user funds or the unauthorized access of sensitive user data. Inadequate methods for recovery: Blockchain applications do not rely on a central server to store data. Instead, they usually synchronize through a chain formed by connected nodes. To enable users to recover lost or uninstalled apps, private keys or secret phrases are provided. However, if the recovery mechanism is not appropriately configured, attackers may use malicious methods to restore the wallets. Distributed Denial-of-Service (DDoS) attacks: This is the most notorious way to exploit bugs in a blockchain app, causing it to malfunction. This attack floods the original server with a multitude of malicious servers to overwhelm it. Well, these are the most common bugs associated with blockchain apps. Recently, the famous platform, BitGo, has patched a critical vulnerability that was discovered by the research team Fireblocks in the last year. Here, we discuss a couple of examples that can potentially teach us a lesson. Critical Bugs Associated With BitGo: The well-known platform in the crypto world, BitGo, has a huge number of retail and institutional users from all around the world. It offers various features to its users through its various products including apps for both iOS and Android devices. The Fireblocks team claimed that they notified the bug (BitGo Zero Proof Vulnerability) the BitGo team that was related to the BitGo Threshold Signature Scheme (TSS) wallets in the last year, and attackers could easily bypass all the security measures preferred by the BitGo to access users’ private keys and sensitive data just by involving Javascript codes if it was not timely patched. The Fireblocks team described in depth how they in BitGo's Elliptic Curve Digital Signature Algorithm (ECDSA) TSS wallet protocol by detecting a missing zero-knowledge proof in the protocol. discovered an exploit in the TSS protocol They were able to expose the private key through a very simple attack. Debugging: Indeed, the BitGo team has against the claim of the Fireblocks team through their official blog post regarding the disclosure; everything is fine as users are suggested to update their wallet to the new version from the 17th of March. counter-commented They have successfully patched the vulnerability that Fireblocks has claimed. As a responsible and trusted company, they should make security their top priority. The Parity Wallet Hack: In 2017, the attacker was able to steal over 150k ETH from three prominent multi-sig contracts used to store funds from past token sales by exploiting a vulnerability in the smart-contract library code of Parity Multisig Wallet. The attacker performed two transactions to affected contracts for achieving ownership of a multi-sig wallet and moving all funds stored in the wallet. Here we have a close look into the codes of a WalletLibrary where the first transaction to as shown in the figure. initWallet Looking like the function used in 216 is to extract the wallet’s constructor logic into a separate library and the wallet contract delegates all unhandled function calls to the library via that we can see in the figure below. delegatecall Now here is the root cause of the attack, the attacker was able to change the wallet’s owner just by using it because there were no checks to prevent him from modifying the contract's state variable to contain only his address and mandating only one confirmation to carry out transactions. initWallet m_owners Debugging: The best practice for debugging, in this case, could have been done by not including calling another contract function. Also, another way could be the prevention of extracting the wallet’s constructor logic into the library contract as we can see in the above figures. So, it is always important to check the codes before making them public. delegatecall These incidents mentioned above serve as a reminder to thoroughly test applications and ensure all security features are in place before their public release. Even a minor error can enable attackers to bypass encryption and gain access to the private keys of users worldwide, underscoring the importance of mobile debugging. In the following, we provide an overview of the best practices for debugging blockchain applications involving the following: Using automated app testing tools: Trusted app testing tools or debuggers can help to identify bugs very quickly. It helps to save time for timely fixing the issue. Generally, issues should be fixed as quickly as possible to save the funds and data of users. Reviewing the codes: It is an effective method to identify any possible bugs and vulnerabilities within the code before its deployment on the blockchain network. Developers should test code repeatedly to make sure everything is ok. Enabling the strong encryption algorithm: Most of the blockchain app hacking incidents happened due to the weak encryption of the blockchain apps. Weak encryption is responsible for revealing the keys or if the file exchange is taking place between the app and a certain centralized platform, it is very important to maintain strong encryption. Keeping the app up-to-date: To ensure seamless performance, developers need to remain proactive in updating the app with the latest and advanced protocols. Therefore, it is highly recommended to test the app on various devices on a large scale. Consulting documentation: To avoid the risk of misconfiguration and incorrect usage of API calls, it is crucial to refer to the up-to-date documentation provided by the blockchain technology that the app is based on. Therefore, it is essential to regularly check the documentation for the latest information. Testing app on a private blockchain: To ensure optimal performance and stability, it is advisable to initially review the transaction patterns and operation of the app in a controlled environment using a private blockchain network. Developers need to test the app in a private network, and then verify that it functions efficiently in a public blockchain network. Conducting the penetration test: Conducting penetration testing on blockchain apps is a crucial step in securing both the app and the underlying blockchain technology. It can be done by using proper penetration tools, for example, the OWASP ZAP tool can be used to identify potential bugs in smart contracts used by the blockchain apps. Identifying potential attack vectors: Debugging the blockchain app is a crucial step, and developers should prioritize testing for potential attack vectors such as smart contract exploits, DDoS attacks, and private key theft while performing this test. Challenge Associated With Debugging Blockchain Apps: Debugging a blockchain app can be challenging due to the decentralized and immutable nature of the technology. If bugs are discovered, all devices must update to the latest version of the app. While there is no risk of a single-point failure, there is still a risk that a specific device with an older version of the app could become infected in the network. Also, most blockchain apps use a self-executing program, i.e., a smart contract. The bug associated with the smart contract can be problematic as they are based on blockchain technology, and it is very hard to debug. On the other hand, debugging the blockchain app is challenging as the developers have to maintain the security concern, but it is hard to convince everyone to keep everything secret in the decentralized ecosystem. Future of Blockchain Apps: Although blockchain technology is still in the early stages of development and there is currently a lack of adequate tools for testing and debugging blockchain apps, the technology shows great promise for the future as it becomes more mainstream. Almost all industries can get benefits from this technology, and mobile apps are more convenient to access the features. The following things shown in the diagram can help to shape the future of blockchain apps. Advanced AI models like ChatGPT are currently available, with more expected to emerge shortly. The use of AI can enable the more efficient performance of various tasks, which may lead to more advanced and user-friendly blockchain apps. Additionally, the availability of more advanced debugging and development tools will likely support the creation of even more advanced blockchain apps in the future. Conclusion: Debugging blockchain apps is a critical step to ensure their functionality, reliability, compatibility, and security. Due to the various unique features of blockchain technology, blockchain app debugging can be a complex process, but there are tools and methods available to simplify the process. By identifying potential attack vectors, testing on private and public blockchain networks, and staying up-to-date on blockchain documentation, developers can create reliable and secure blockchain apps that function as intended for users from all around the world.

Blockchain App Debugging: Bugs You Need to Be Aware Of

Why Israeli Startups are a Powerhouse for Multinational Companies: A Look at Tel Aviv's Startup Culture Israel has long been recognized as a global leader in technological innovation, particularly in the areas of software, cybersecurity, and medical technology. This is due in part to a strong emphasis on science, technology, engineering, and mathematics (STEM) education, as well as the country's robust system of research and development (R&D) initiatives. The Israeli government has also been in supporting the growth of its tech sector, through investments in R&D, tax incentives for startups, and the establishment of accelerators and incubators that support early-stage companies. instrumental The Israeli startup ecosystem is for its vibrant culture of entrepreneurship and risk-taking. This is reflected in the large number of startups that are founded in Israel each year, as well as the high percentage of those that go on to achieve significant success. The country's startup scene is supported by a thriving venture capital industry, with many international firms setting up offices in Tel Aviv to take advantage of the entrepreneurial talent and innovative ideas that are generated there. known Tel Aviv, in particular, is often considered the startup capital of Israel. This culture of risk-taking, combined with a deep pool of technological talent and a supportive ecosystem of investors and mentors, has helped to make Tel Aviv a hub of innovation and creativity, attracting international companies and entrepreneurs alike. Leading Web3 Companies Unite for First Annual ETHTLV The first annual ETHTLV, a week-long series of events focused on the web3 industry, will be held in Tel Aviv from February 1 to 9. This inaugural event has been organized by some of Israel's most successful web3 businesses and aims to invigorate the country's thriving startup community, establish its foothold in the global web3 scene, and discuss the steps needed to onboard the next billion users. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program ETHTLV will feature a variety of keynotes, workshops, and panel discussions, as well as more than a dozen community-led side events. Participants will have the opportunity to learn from serial entrepreneurs who have established successful businesses in the web3 space, including The week will culminate in hands-on workshops, including a developer workshop hosted by MetaMask, ConsenSys' leading self-custodial Web3 wallet. With a vibrant and innovative tech environment, Tel Aviv is the perfect setting for ETHTLV, where participants can meet some of the world's most creative developers and progressive technologists to build the next generation of Web3 dapps and solutions. ConsenSys , , , and . Fireblocks StarkWare Collider MarketAcross Don’t forget to like and share the story! Image credits: . Shai Pal

Building the Future of Tech: ETHTLV Brings Together Top Web3 Talents in Tel Aviv

One area in particular that has profited tremendously from Web3 is the gaming business. Blockchain-based games are a radical departure from traditional gaming platforms because they provide players greater flexibility to engage with the games in original and decentralized ways. This is one of the reasons why these games have become so popular. The proprietors of the game continue to own copyright ownership over all user-generated content, regardless of whether or not it can be bought with real money or is awarded as a reward in a particular game. To put it another way, the digital assets a player obtains while playing do not legally belong to the person who acquired them. At this time, game producers do not have the personnel or the experience necessary to monitor and authorize player-to-player transactions, such as selling and purchasing virtual products. These types of transactions may include real-world trading items for in-game currency. Development of the Web3 gaming ecosystem An important part of Web3 gaming is the ecosystem behind it, and is one platform that is working to build on this aspect. In anticipation of its full release this year, the Web3 games platform Xternity has closed a new fundraising round to capitalize on the current interest in blockchain-based gaming. Xternity NFX spearheaded the $4.5 million financing, which was joined by a slew of notable crypto venture capital companies. Jibe Ventures, Flori Ventures, Secret Chords, and Vgames are among the investors. Xternity intends to use the cash for product and business development, game creation, and new staffing and has been collaborating with several renowned crypto technology suppliers, like Fireblocks, in the meanwhile. According to the company, the backing of experienced and knowledgeable crypto venture investors is a huge boost for the platform and the industry. According to the company, Xternity has released its open BETA, which enables game creators with a multi-chain API, an integrated and customizable wallet, and a large-scale NFT platform. It also includes a Web3 CRM solution that has already been connected with prominent blockchain networks such as Polygon, ImmutableX, Solana, and Celo. The gaming platform promises to build a Web3-powered community in which gamers who want to go further into the game may get access to extra characters and enhancements. In addition, Xternity focuses on developing no-code solutions to assist game producers in increasing player engagement, particularly among Generation Z. Xternity functions as a meta layer that can be smoothly integrated into any game. Despite the bitcoin market's difficult start to the year, blockchain-based gaming has risen in popularity. Xternity Games initiates blockchain activities straight from the game engine code, including the creation of new NFTs and token awards. The startup, founded earlier this year in Tel Aviv, Israel, makes data-driven choices based on blockchain transaction insights to boost security and meet KPIs. Sagi, the CEO, and Ex-Playtika, says: "Xternity continuously strives to define and build a long-term solution with valuable utility for the user. We believe that mass adoption of Web3 is possible only with simple, safe, and scalable technology built upon a sustainable engagement economy." On the tech side, "Xternity platform enables game developers to work with many blockchains simultaneously at scale while having a unified code experience. They also can add NFT assets and game economy layers while focusing on their core mission," Says Shahar. "Xternity's founders are utilizing their unique perspectives of both game monetization and scalable platforms to build the ultimate web3 ecosystem for games", said Gigi Levy Weiss, General Partner at NFX. "By understanding game developers' need for scalable infrastructures and sustainable economic models, they were able to create a seamless solution that safely onboards web2 games to web3, and the current framework is just the first milestone" . Blockchain Gaming Blockchain-based games enable players to have true ownership over the in-game assets they earn. In some cases, players even have a say in how the game is updated and developed after release. The development of crypto games involves integrating blockchain technology into the gaming system. Blockchain technology makes it possible to pair in-game items with blockchain-based tokens, making it easier to own, transfer and trade these assets. Play-to-Earn (P2E) gaming is a good example of this, where players can earn tokens or NFTs by playing and completing missions. Players using Web3 gaming have access to and full ownership of all digital assets used in a game. The assets are unique and stored as non-fungible tokens (NFTs) relevant to the game. Since blockchain-based assets can be freely transferred between user wallets, Web3 gaming adds a layer of interoperability to traditional gaming. For example, a player can earn a new skin for their weapon or a vehicle and transfer it to their wallet, another player, and even another compatible game. Players also get the feeling of autonomy that comes with having complete possession of their virtual goods and collectibles in the form of digital NFTs in blockchain games. In traditional gaming, in-game assets are locked to the game and cannot be used or carried over to different games or platforms in most cases. Blockchain gaming solves this problem by offering cross-platform compatibility and complete game ownership. If a game supports cross-platform play, the player may maintain their in-game property from one system even if they transition to a different one. Of course, this only applies to games that enable cross-platform play. Gaming in the Web3 era adds new dimensions and layers to traditional games. For example, players can earn an income via P2E games by earning NFTs and in-game cryptocurrencies that can be sold and traded for fiat currency. Players can also join communities that govern how a game is developed, updated, and expanded upon. In Conclusion Web3 gaming adds ownership to traditional games while democratizing how in-game assets are acquired and traded.

How Web3 is Revolutionzing the Gaming Industry

Crypto markets saw some oomph over the weekend but have now begun to take another breather. Important to remember that this week we’ve got FOMC on Nov 2 - expected to be 75 bps and CPI next week on Nov 10 - so watch out for funky market moves. Today is also the 14th anniversary of the Bitcoin whitepaper. Imagine if you just would’ve bought Bitcoin back then.. Thinking about the Bitcoin Pizza Guy today - the dude who spent 10,000 bitcoin on two large pizzas. 💊 Daily Bullets: Matter Labs, developer of zkSync, is working on a Layer 3 chain called Opportunity - plans to release a proof of concept in the first quarter of 2023 Blockchain infrastructure company Chain announced an undisclosed-sum advertising and promotional partnership deal with NBA team the Miami Heat to become their “official Web3 and blockchain infrastructure partner” A judicial report has reportedly revealed that crypto lender Hodlnaut lost around $189.7M due to its exposure to the Terra crash 👨‍⚖️  Economic/Government/Regulatory News: United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the SEC, claiming the case could be very important for the future of the crypto industry Terra co-founder Do Kwon faces a $57M class-action lawsuit in Singapore. The lawsuit alleged Kwon and others made fraudulent claims on UST The Reserve Bank of India will begin a pilot wholesale digital currency with the goal of reducing transaction costs and the need for collateral when trading government securities 💸  Exchange News: FTX staff has been encouraged to make the move to Miami, which is home to FTX Arena, by mid-November Allegedly: the former CEO and CFO of Huobi has resigned. Justin Sun's TRON team has taken over important departments of Huobi. Huobi has 1,600 employees, Justin Sun believes that there are too many people, and there may be large-scale layoffs FTX teases partnership with GameStop 🏦 DeFi News: Aptos-based DeFi project Arco Protocol facing criticism after a error-struck token sale and a sudden loss of key partnerships - gives decision to its community: back it or let the whole thing shut down The attacker behind the $14.5M exploit of crypto launchpad Team Finance has returned ~ $7M worth of tokens to four projects The Injective Explorer V2 is now live. Major upgrades include interactive views of interchain assets, a markets section, smart contract code 🖼 NFT/Metaverse/Gaming News: Mark Zuckerberg cast as web3 supervillain in forthcoming game. The Rabbit Hole features characters that are “posed to defend Web3 from the corporate overlord, Metazuckbot” 💰 Fundraises: Crypto wallet Braavos raised a $10M round to simplify crypto wallets on StarkNet led by crypto-focused investment giant Pantera Capital The Stellar Development Foundation $10M Enterprise Fund investment in NetXD Inc., a platform that enables businesses to manage their asset securitization and digital asset custody needs RakkaR Digital, a Singapore-based crypto custodian that uses technology from Fireblocks, has raised $10M in a seed funding round backed by a single investor - SCB 10X 📊 Data: TL;DR: Smart money still never decided to jump into the recent rally. Today we’ve got conflicting moves with money flowing into one form of USDC however more money flowing out of another form of USDC (Aave and Compound USDC). Weekly shows the same conflicting USDC move and overall there are greater outflows than inflows for ETH related plays and WBTC. NFT volumes continue to grind downwards - top collection not even 400 ETH today. Dogecoin was the 4th most traded crypto in the past 7 days with $45B in volume - more than BUSD and USDC. Also published . here

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