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The Cosmos team took to Twitter on April 6 to share more about IBC-Solidity. The team announced that IBC (Inter-Blockchain Communication) would be expanding to other blockchains like Ethereum. In detail, the Solidity implementation of IBC aims to connect Ethereum to Cosmos.

By using IBC-Solidity, it will now be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains. This includes blockchains like Ethereum, EVM-compatible blockchains, and Enterprise Ethereum.

The Twitter post also added that by being EVM-compatible, IBC-Solidity can also be used to connect chains like BSC, Polygon, and Avalanche. In addition to this, IBC-Solidity can then be utilized in cross-chain bridges to connect these public chains.

ATOM price Source: CoinMarketCap

Despite this announcement from yesterday, Cosmos (ATOM) is currently one of the cryptocurrencies trading in the red. CoinMarketCap indicates that ATOM is now worth about $10.97 after a 3.48% price decrease over the last day. The crypto also reached a high of $11.59 over the same time period.

Looking at the altcoins weekly performance, it is clear that the crypto still has a bit of work to do to creep back in the green zone as ATOM is down by just more than 1% over the last seven days. At the moment, ATMs 24-hour trading volume is in the green and stands at $160,896,454 after a more than 12% increase since yesterday.

Its market cap of $3,138,919,550 means that ATOM is currently ranked as the 22nd biggest crypto in terms of market capitalization.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos appeared first on Coin Edition.

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Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To ... - Investing.com

PancakeSwap, a decentralized exchange, or DEX, with more than 1.5 million unique users, introduced Version 3 on the Ethereum and BNB Chain networks on Monday.

The upgraded platform will offer the cheapest fees for on-chain trades among counterparts such as SushiSwap and Uniswap and increased returns for liquidity providers, the exchange's developers told CoinDesk on Sunday.

PancakeSwap V3 also introduces features that enhance the platform's capital efficiency. These include allowing liquidity providers to concentrate their capital on smaller price ranges, a feature that results in higher fee earnings from the same amount of deposits, the developers said.

V3 will introduce four different trading fee tiers: 0.01%, 0.05%, 0.25% and 1%. V2 offered a single tier of 0.25%. Each token pair can have a liquidity pool for each fee tier, with asset pairs gravitating toward the tier where incentives for both liquidity providers and traders are most rewarding.

This approach is designed to ensure a balance between traders paying the lowest fee tier while still incentivizing the highest possible liquidity from LPs.

In the future, PancakeSwap V3 will introduce two new features: A V3 VIP trading rewards program and a position manager feature.

The VIP program is a tiered system that rewards traders for their trading volume with exclusive benefits such as a chance to get up to a 5% trading fee rebate which may incentivize more platform activity and improve PancakeSwaps revenue.

The "position panager" feature will allow traders to easily deposit liquidity and optimize that position, based on fees and rewards, over time. The tool eliminates the need for manual calculations for third-party integrations, allowing users to automatically adjust their positions and earn fee rewards while staying within range.

Both these features are in development now and are expected to be introduced soon.

PancakeSwap V3 is also compatible with all tools built for the version 3 of Uniswap, which is the largest DEX by daily users and trading volume. PancakeSwap had over $2.5 billion in total value locked as of Monday. Uniswap had $3.9 billion, DefiLlama data shows.

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PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum - CoinDesk

EthOS, a native operating system that integrates with the ethereum blockchain, has launched a major new release.

ethOS 2.1 comes with a System Wallet secure enclave, a mint app, a light node indicator and easier chain switching, says Markus Haas, the co-founder of EthereumPhone.

This is a fork of the popular fork of Android, called LineageOS, making ethOS open source too and available on Github.

To install it, you need an OEM Unlocked Google Pixel 3, 3XL, or 5a, with this being a bridge to the teams ambitions to launch a full on hardware device called the Ethereum Phone (Phone).

The operating system, as youd expect, has a native eth wallet and some blockchain capabilities like insta NFT minting a picture you take with your phone.

It connects with the blockchain roughly the same way as most wallets do, through a light node which instead of downloading every block, downloads only the block headers containing a summary of the information within the blocks.

These used to be called SPV wallets, and they still are in bitcoin, that standing for Simplified Payment Verification. They have some theoretical problems, but for more than a decade now they have run without problems in practice.

It integrates with the Ethereum Name Service (ENS) natively as well, something that then brings us to the actual potential unique selling point.

This operating system integrates the little known Extensible Message Transport Protocol (XMTP), which describes itself as an open protocol, network, and standards for secure, private web3 messaging.

Because the XMTP network persists messages, and those messages are tied to web3 identities as opposed to a specific client app, each web3 identity has an interoperable inbox that it can access using any client app built with XMTP, the project says.

So a kind of an open chatapp, like the defi dapps but this doesnt use a blockchain or the Ethereum Virtual Machine (EVM). It does have nodes however.

The nodes provide a message API that enables client apps built with the XMTP client SDK to communicate with the XMTP network. The nodes use Waku node software to connect to other nodes and form a peer-to-peer network to relay and store envelopes submitted and requested by client apps.

These nodes are currently closed source and are operated only by XMTP Labs, though theyre working towards opening them up to make it a fully decentralized network.

So you can connect your ENS to XMTP through ethEOS and. party on? Making this whole infrastructure from start to finish, well once the hardware phone is built, all crypto native as much as it can be.

So giving a vivid indication of the expansion of this space in seemingly unrelated areas, though crypto is making some significant advances even in what might look like further out areas.

One such area is data replication, like database replication for say MySQL but other sorts too with a full on 200 pages long dissertation discussing just how crypto is contributing to that space and in turn how new research can contribute to crypto.

The operating system therefore on its own might look like little, but combined with all the rest it is a bit of hard science coming to market.

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Ethereum Mobile Operating System Goes Live Trustnodes - Trustnodes

Arbitrum made headlines over the month of March, first for the launch of its native token ARB and then for AIP-1. The very first governance proposal that the Foundation put out did not sit well with the community resulting in severe backlash. Now the Foundation is attempting to fix its blunder since Arbitrum use has sustained solid growth.

The controversial proposal was criticized for the way it handled the response from the community. Despite noting a majority vote against the transfer of $1 billion worth of 750 million ARB for admin and operations costs, the Foundation went ahead with it anyway.

Ethereum hit a new yearly high as the price climbed above the $1,900 level for the first time in a year. ETH holders await the Shanghai hard fork scheduled for April 12 and a rally in the altcoin close to the event signals the likelihood of the upgrade being a sell-the-news event.

Ethereum, the second-largest altcoin by market capitalization witnessed a spike in its price earlier today. ETH price climbed consistently since mid-December 2022, pushing the altcoin to a new yearly peak of $1,911, based on data from CoinGecko.

Shiba Inu themed meme coins SHIB, Dogecoin (DOGE), Floki Inu (FLOKI) and Dogelon Mars (ELON) wiped out their recent gains driven partly by Twitters logo change. Meme coin price rallies are popular for being typically fleeting.

Historically, meme coin holders engage in profit-taking when the price hits a local top.

Shiba Inu themed meme coins yielded gains for holders in response to the recent logo change of Twitter. DOGE offered double-digit gains to holders overnight while SHIB, FLOKI and ELON followed the lead of the largest meme coin in the ecosystem.

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Cryptocurrencies Price Prediction: Arbitrum, Ethereum & Shiba European Wrap 6 April - FXStreet

On-chain data reveals that crypto whales are snapping up the native asset of a hot Ethereum (ETH) layer-2 project by the millions.

Blockchain-tracking firm Lookonchain says that digital asset manager Amber Group sent millions of dollars worth of Arbitrum (ARB) tokens to crypto exchanges OKX and Binance, where they could potentially be sold on the open market.

Two related addresses of Amber transferred 11.2 million ARB ($15.8 million), out of which, 7.3 million ARB ($10.3 million) was transferred to OKX and Binance and currently holding 4.47 million ARB ($6.3 million).

While Amber Group reduced its ARB holdings, Lookonchain says several crypto whales have been in the process of accumulating ARB. According to the analytics firm, one whale collected a total of 4,048,947 ARB worth $5.7 million from OKX and Binance within the last 48 hours.

A second whale received 4,099,517 ARB worth $5.78 million from OKX over the same timeframe. Meanwhile, a third crypto whale accumulated 1,003,798 ARB worth $1.41 million from crypto exchange Binance.

At time of writing, ARB is trading for $1.34, trading mostly sideways over the past week.

Lookonchain also recently spotted an Ethereum whale that staked nearly $100 million worth of ETH through a decentralized finance (DeFi) platform.

A whale staked all 53,024 ETH ($95.5 million) through Abyss Finance

Through on-chain data tracking, we found that the ETH of the whale was bought from Poloniex, Gemini, Bittrex and other exchanges in 2017 and 2018, with an average buying cost of ~$368.

Generated Image: Midjourney

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Crypto Whales Accumulating Ethereum Scaling Altcoin by the Millions, According to On-Chain Data - The Daily Hodl