Binance Square
LIVE
LIVE
CryptoFeed_News
--190 views
#Write2Earn‬ #ETHEREUM ’S #VITALIK PROPOSES AI-POWERED CODE AUDITS: REVOLUTIONIZING BLOCKCHAIN SECURITY $ETH #AI #Ai_sector Ethereum co-founder Vitalik Buterin has proposed utilizing artificial intelligence (AI) to enhance code audits and mitigate bugs in blockchain projects. This AI-assisted approach adapts and learns from new information, surpassing the effectiveness of current automated tools. Buterin's suggestion comes amidst heightened concerns over security breaches and scams in the crypto sphere, with Ethereum bearing the brunt of losses due to its extensive ecosystem and high-profile projects. In Buterin's view, AI's potential lies in its ability to facilitate formal verification of code and identify bugs, thereby addressing one of Ethereum's major technical risks. This concept has garnered support from developers, who emphasize AI's adaptability and deep analysis capabilities in detecting vulnerabilities. The resurgence of the AI sector as an investment narrative further underscores the potential of AI-driven solutions in enhancing security measures within the blockchain space. However, the implementation of AI for code audits presents a novel application, one that could revolutionize the industry's approach to smart contract security. Despite the promising prospects offered by AI, the crypto community remains cautious, given the magnitude of losses incurred in 2023 due to hacks and scams. Ethereum, being the largest blockchain platform, suffered the most substantial losses, emphasizing the urgent need for innovative solutions to strengthen security protocols and safeguard user assets.

#Write2Earn‬ #ETHEREUM ’S #VITALIK PROPOSES AI-POWERED CODE AUDITS: REVOLUTIONIZING BLOCKCHAIN SECURITY $ETH #AI #Ai_sector

Ethereum co-founder Vitalik Buterin has proposed utilizing artificial intelligence (AI) to enhance code audits and mitigate bugs in blockchain projects. This AI-assisted approach adapts and learns from new information, surpassing the effectiveness of current automated tools. Buterin's suggestion comes amidst heightened concerns over security breaches and scams in the crypto sphere, with Ethereum bearing the brunt of losses due to its extensive ecosystem and high-profile projects.

In Buterin's view, AI's potential lies in its ability to facilitate formal verification of code and identify bugs, thereby addressing one of Ethereum's major technical risks. This concept has garnered support from developers, who emphasize AI's adaptability and deep analysis capabilities in detecting vulnerabilities.

The resurgence of the AI sector as an investment narrative further underscores the potential of AI-driven solutions in enhancing security measures within the blockchain space. However, the implementation of AI for code audits presents a novel application, one that could revolutionize the industry's approach to smart contract security.

Despite the promising prospects offered by AI, the crypto community remains cautious, given the magnitude of losses incurred in 2023 due to hacks and scams. Ethereum, being the largest blockchain platform, suffered the most substantial losses, emphasizing the urgent need for innovative solutions to strengthen security protocols and safeguard user assets.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
@cryptofeed_news

Explore More From Creator

#Write2earn Navigating May 2024: Key Events and Trends Shaping the Crypto Market #CryptoCalendar #CryptoDecisions $BTC $ETH May 2024 looms as a pivotal month for the cryptocurrency market, marked by pivotal events that could mold its trajectory. From economic indicators to regulatory rulings, here's what analysts foresee for the month ahead. Macroeconomic Trends: Fed Meeting and CPI Report The Federal Reserve's FOMC meeting, concluding on May 1, is a focal point. Despite inflation concerns, the Fed is expected to hold the borrowing rate steady, signaling a cautious approach amid economic uncertainties, which could sway investor sentiment in crypto. On May 2, the US Treasury will reveal its refunding plans for the quarter, providing insights into long-term financing strategies amid escalating debt concerns. Additionally, the April CPI report on May 15 will be closely monitored for its impact on the Fed's monetary policy and crypto market stability. Spotlight on Hong Kong: Bitcoin Asia Conference The Bitcoin Asia Conference in Hong Kong on May 9-10 is a significant global event, bringing together leaders from crypto and traditional finance sectors. Insights shared here may influence market trends, particularly regarding Bitcoin and Ethereum ETFs in Hong Kong. Legal Battles: Tornado Cash Trial Legal proceedings against Tornado Cash developer Alexey Pertsev in the Netherlands, with a verdict expected on May 14, are garnering attention. The outcome may set a precedent for privacy-focused software developers in the crypto ecosystem. SEC Decisions: Ethereum and Bitcoin ETFs The crypto community awaits the SEC's response to spot Ethereum ETF filings, including VanEck's and ARK's applications, due on May 23 and May 24, respectively. Despite skepticism, these decisions hold significance for market stability. These events have the potential to shape crypto market trends in May 2024, with the community closely monitoring outcomes and navigating ensuing developments.
--
#Write2earn #ACALA UNVEILS SINAI UPGRADE: PIONEERING MULTICHAIN DEFI SOLUTIONS #Polkadot #polkadotupdate $ACA $DOT Acala Network unveils its latest technological roadmap, outlining key steps toward providing multi-chain services to users. As a foundational platform within the Polkadot ecosystem, Acala introduces the Sinai Upgrade, a significant leap in its Acala 2.0 initiative aimed at expanding the horizons of the crypto financial landscape. This upgrade aims to elevate the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not just within Polkadot, but across various blockchain networks. Enhancing DeFi Accessibility with Multichain Integration At the core of the Sinai Upgrade is its emphasis on multichain integration, enabling seamless interactions across diverse blockchain environments. Acala simplifies the multi-chain user experience by introducing an advanced one-click multi-chain cross-stack DeFi feature. This feature harnesses innovative technologies like XCM (Cross-Consensus Messaging) and Wormhole to facilitate effortless cross-chain transactions. Users can easily participate in activities such as staking, liquidity provisioning, and lending across major blockchain platforms like Polkadot, Ethereum, Solana, and select others. Empowering Communities Through Open Governance In addition to technical enhancements, Acala introduces open governance, allowing its community to participate directly in governance decisions. This democratizes the ecosystem's evolution, enabling users to influence treasury management, DEX listings, and more, fostering transparency and inclusivity. Prioritizing Security and Performance The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel, alongside asynchronous backing, enhances security and increases transaction throughput, ensuring Acala remains at the forefront of blockchain performance.
--
#Write2earn #MEMECOIN MARKET SLUMP : ANALYZING #DOGE , #SHIB , AND #PEPE PRICE DECLINES $PEPE $SHIB $DOGE Today, the meme-based crypto sector grabbed significant attention as prices for the majority of tokens experienced a slump. Notably, DOGE, SHIB, and PEPE saw considerable declines. Here's an overview of the potential reasons behind this downturn. In what appears to be a bearish turn of events for crypto traders and investors worldwide, the meme coin sector once again witnessed a substantial drop in prices on May 1. Leading meme-based cryptos like DOGE, SHIB, and PEPE, among others, observed significant crashes in prices over the past 24 hours. Amidst a broader market downturn coinciding with the ongoing FOMC meeting, this decline has sparked speculation about the future price trajectory of these coins, adding an element of uncertainty among crypto market participants. Various on-chain metrics seem to be the primary drivers behind the price declines, contributing to a bearish sentiment. Let's explore on-chain insights that validate the recent downturn in meme coin prices. Shiba Inu (SHIB) experienced an 8.85% drop in price over the past 24 hours, trading at $0.00002105. This decline in the dog-themed meme token is primarily attributed to bearish sentiment reflected in the token's derivatives data. Similarly, Dogecoin (DOGE), the most prominent rival of Shiba Inu, saw a 7.87% tumble in price over the past 24 hours, currently trading at $0.125. Derivatives data for DOGE also contributed to a bearish sentiment among investors. Pepe Coin (PEPE), another meme token, witnessed a 9.18% dip in price over the past 24 hours, reaching $0.000006247. On-chain data for PEPE indicated a bearish trend for the token at the time of writing. Additionally, other well-known meme cryptos like FLOKI, WIF, and BONK experienced price dips ranging from 2-5% over the past day. These declines align with the broader bearish sentiment triggered by the FOMC meeting, compounded by on-chain data indicating a bearish trend.
--
#Write2earn #BITCOIN ’S BATTLE: ANALYZING PRICE DECLINE AND FUTURE OUTLOOK #BitcoinPrice #BitcoinFuture #Bitcoin❗️ $BTC Bitcoin has broken below the crucial support level at $59,000, currently hovering at $57,000, leading to concerns about further downward movement. Will it continue to plummet? Bitcoin's Last Stand The final support barrier has been breached as Bitcoin, symbolized by $BTC, experiences a significant drop, now teetering on the edge at $57,000. If this level fails to hold, experts anticipate a potential decline to $51,000, possibly pausing briefly around $54,000. Analyzing the four charts, it's evident that Bitcoin has fallen below the bottom of its bullish trend. Both the four-hour and eight-hour candle bodies have closed beneath the lower trend line, awaiting confirmation from a daily candle closure to solidify the breakdown. A Glimmer of Hope for Bitcoin Despite the dire situation, there's still a glimmer of hope for a Bitcoin rebound. Short-term indicators suggest that Bitcoin's price is oversold across various time frames, with even the daily chart approaching this territory. Additionally, the stochastic RSI on the weekly time frame is bottoming out presently. As the price stabilizes and begins to reverse over the next few days, momentum could fuel a significant bounce for Bitcoin. Examining the weekly perspective, it's essential to recognize the robust support at $57,000. Depending on the stochastic RSI's timing for an upturn, this level might serve as a crucial lifeline. However, there's still a window for Bitcoin to dip to $51,000, even if fleetingly, possibly resulting in a notable buying opportunity. A potential combination of strong buying signals and a reversal in the weekly stochastic RSI could propel the price upward once more. Bitcoin: A Fortress Against Economic Uncertainty Zooming out to the broader economic landscape throughout Spring and into Summer, opposing forces shape Bitcoin's trajectory. On one hand, bears anticipate economic pressures driven by escalating inflation and deteriorating job data.
--
#Write2earn #Community Rally Behind #Binance Founder #CZ : Assessing Impact and Regulatory Support In a notable display of community support, more than 30,000 users on the blockchain have expressed their backing for Changpeng Zhao (CZ), the founder of Binance, through a decentralized poll on AlphaorBeta. This survey, facilitated by Opinion Labs, aimed to gauge whether CZ's contributions to the cryptocurrency sphere outweigh his previous regulatory issues. Within a mere 24 hours, the poll saw a remarkable turnout from prominent figures and regular users alike, indicating a solid show of solidarity for CZ within the crypto community. The outcome of the poll was resounding: 81% of respondents affirmed that CZ's positive impact outweighs any regulatory missteps he may have had. This overwhelming vote of confidence from the community underscores CZ's significance in shaping the cryptocurrency landscape and reflects widespread gratitude for his endeavors. Key figures in the crypto space, such as Ash Crypto, Pushpendra, and Crypto Rand, among others, have publicly lent their support to CZ. Furthermore, a grassroots movement on Twitter, using hashtags like #JusticeForCZ and #JusticeForCrypto, has emerged, further amplifying the community's voice in advocating for fair regulatory treatment. This outpouring of support from both the community and industry stakeholders adds to the substantial backing demonstrated by the 161 letters submitted to the presiding judge last week. These developments signify a crucial moment in illustrating the crypto community's stance on CZ's case. As CZ's legal proceedings progress, the implications extend beyond his individual situation. The outcome could have far-reaching effects on U.S. innovation and regulatory policies in the cryptocurrency sector, influencing how major players like Uniswap, Ripple, and Tornado Cash address their own legal challenges.
--

Latest News

View More

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs