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@Ancient_One
Mined My First Bitcoin In 2012, Early Adopter & Firm Supporter Of Decentralisation. Fan Of Memes and Doge. Trader-HoDlr, Twitter- @Ancientdogehdlr
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Uncovering the Truth: How Vitalik Ignored the Better Standard,Costing Ethereum Millions in Lost Fund
Cryptocurrencies have been the talk of the town for a while now, and Ethereum is undoubtedly one of the most well-known platforms in this industry. But even the most innovative systems have their weaknesses, and Ethereum's ERC20 token standard is a prime example of it.
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss
Breaking : HBO Documentary suggests Satoshi nakamoto identity can be linked to an Iranian spelling bee champion Ayin, There is also a rumour that a expert of banner carranga might be involved in creation aswell
It’s 3 Not Three
Why Satoshi Giggles : A Rollicking Reflection on Financial Fumbles and Cryptocurrency Cape
In the never-ending drama of global finance, where currencies dance on the puppeteer's strings and banks mimic the damsel in perpetual distress, one spectral chuckle reverberates through the ether. Somewhere, in the shadowy digital realm, Satoshi Nakamoto is having a good giggle.
The creator of Bitcoin, known only by their pseudonym, Satoshi emerged from the mists of anonymity, set off a financial revolution, and vanished again. Their laughter, we imagine, echoes through the blockchain, a phant
The creator of Bitcoin, known only by their pseudonym, Satoshi emerged from the mists of anonymity, set off a financial revolution, and vanished again. Their laughter, we imagine, echoes through the blockchain, a phant
PWRCASH Anonymous Bridge Review: A Secure and User-Friendly Tool
Introduction
As cryptocurrency transactions become more popular, there is a need for secure and user-friendly tools to manage digital assets. The PWRCASH Anonymous Bridge is one such tool that offers a high level of security and anonymity for digital asset transactions. With the PWRCASH Anonymous Bridge, users can easily move their digital assets between different blockchains without worrying about privacy breaches or security risks.
Security and Anonymity
One of the key features of the PWRCA
As cryptocurrency transactions become more popular, there is a need for secure and user-friendly tools to manage digital assets. The PWRCASH Anonymous Bridge is one such tool that offers a high level of security and anonymity for digital asset transactions. With the PWRCASH Anonymous Bridge, users can easily move their digital assets between different blockchains without worrying about privacy breaches or security risks.
Security and Anonymity
One of the key features of the PWRCA
Common Trading Mistakes and How to Avoid Them
Trading in financial markets can be a lucrative endeavor if done right. However, new traders often fall prey to common mistakes that can significantly impact their profits and lead to losses. This article aims to identify common trading mistakes and provide practical advice on how to avoid them. By gaining a better understanding of these pitfalls, you can develop a more disciplined and successful trading strategy.
Lack of a Trading Plan
Mistake: New traders often enter the market without a cle
Lack of a Trading Plan
Mistake: New traders often enter the market without a cle
Bitcoin's Journey: The Emergence of Altcoins
As Bitcoin gained popularity and demonstrated the potential of blockchain technology, it inspired the creation of alternative cryptocurrencies, collectively known as "altcoins." These altcoins were designed to offer new features, improved performance, or different use cases compared to Bitcoin. The emergence of altcoins can be attributed to various factors, including the open-source nature of Bitcoin's code, the desire for innovation, and the opportunity for profit.
Open-source code and forks:
Open-source code and forks:
Bitcoin's Journey : Growth and Adoption
Bitcoin's journey from a novel idea to a widely accepted form of digital currency has been marked by rapid growth and increasing adoption worldwide. This section will outline the key milestones and factors that have contributed to the widespread use and recognition of Bitcoin as a viable alternative to traditional currencies.
Increasing awareness and media coverage: As Bitcoin began to gain traction, media outlets started to cover its progress and potential implications for the future of financ
Increasing awareness and media coverage: As Bitcoin began to gain traction, media outlets started to cover its progress and potential implications for the future of financ
The Birth of Bitcoin: Satoshi Nakamoto and the Bitcoin Whitepaper
In the wake of the 2008 global financial crisis, trust in centralized financial institutions was at an all-time low. Amidst this climate, an anonymous individual or group of individuals under the pseudonym Satoshi Nakamoto released a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" on October 31, 2008. This revolutionary document introduced a new form of digital currency called Bitcoin, which aimed to solve the inherent problems of traditional financial systems and provide a de
Uncovering the Truth: How Vitalik Ignored the Better Standard,Costing Ethereum Millions in Lost Fund
Cryptocurrencies have been the talk of the town for a while now, and Ethereum is undoubtedly one of the most well-known platforms in this industry. But even the most innovative systems have their weaknesses, and Ethereum's ERC20 token standard is a prime example of it.
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss of millions of dollars in funds. For instance, it has been reported that over $20 million worth of tokens have been lost due to human error in the form of sending tokens to the wrong address or poorly written smart contracts.
Fortunately, there is a solution to this problem: ERC223. This new standard was introduced by a developer named Dexaran, who saw the shortcomings of the ERC20 standard and proposed a better alternative.
What is ERC223?
ERC223 is an improvement over ERC20, designed to fix the issues that come with the ERC20 standard. The ERC223 token standard solves the issue of lost funds due to human error by introducing a new feature called tokenFallback. This feature allows the smart contract to reject invalid token transfers, preventing the loss of funds. Additionally, ERC223 tokens can be sent directly to a contract without the need for a separate transaction, making it more efficient and cost-effective. This new standard also enables token contracts to interact with other contracts in a more secure manner.
Why did Vitalik Buterin ignore ERC223?
Despite the numerous advantages of the ERC223 standard, Vitalik Buterin, the co-founder of Ethereum, chose to ignore it and stick with ERC20. When asked about it, Vitalik stated that he was aware of the ERC223 standard. Vitalik personally recommended changes to the ERC-223 proposal, but then later withdrew his support without explanation. Dexaran believes that Vitalik's decision was motivated by his desire to maintain the dominance of the ERC-20 standard and avoid disrupting the Ethereum ecosystem. This negligence on Vitalik's part has led to significant losses in the Ethereum ecosystem, and it is unfortunate that he chose to ignore a better standard that could have saved millions of dollars.
Dexaran's role in the development of ERC223
Dexaran is a developer who proposed the ERC223 token standard as a solution to the flaws in the ERC20 standard. He recognized the importance of securing the Ethereum ecosystem and worked tirelessly to create a better standard. Despite facing opposition from Vitalik and other Ethereum developers, Dexaran persisted and continued to develop the ERC223 standard. He even created the Callisto Network, a blockchain platform that uses the ERC223 standard and focuses on improving security and efficiency in the cryptocurrency industry.
Callisto Network and its impact on the crypto community
Callisto Network has emerged as a new contender in the cryptocurrency industry, focusing on improving security and efficiency. It provides a safer environment for developers to create smart contracts and tokens, using the ERC223 standard to prevent lost funds and other vulnerabilities. Callisto Network's innovation has helped shape the future of cryptocurrencies, offering solutions to some of the most pressing issues in the industry. By providing a secure platform for developers to create their tokens, Callisto Network is helping to build a more sustainable and trustworthy crypto ecosystem.
Conclusion
The ERC20 token standard is undoubtedly a significant milestone in the development of the Ethereum ecosystem. However, its weaknesses have led to the loss of millions of dollars, which could have been avoided if a better standard had been implemented. Fortunately, developers like Dexaran and platforms like Callisto Network are working towards a more secure and efficient future for cryptocurrencies. With the use of the ERC223 standard and other innovative solutions, the crypto community can look forward to a brighter and more secure future.
#Binance #keepbuilding #ETH #buildtogether #BTC
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss of millions of dollars in funds. For instance, it has been reported that over $20 million worth of tokens have been lost due to human error in the form of sending tokens to the wrong address or poorly written smart contracts.
Fortunately, there is a solution to this problem: ERC223. This new standard was introduced by a developer named Dexaran, who saw the shortcomings of the ERC20 standard and proposed a better alternative.
What is ERC223?
ERC223 is an improvement over ERC20, designed to fix the issues that come with the ERC20 standard. The ERC223 token standard solves the issue of lost funds due to human error by introducing a new feature called tokenFallback. This feature allows the smart contract to reject invalid token transfers, preventing the loss of funds. Additionally, ERC223 tokens can be sent directly to a contract without the need for a separate transaction, making it more efficient and cost-effective. This new standard also enables token contracts to interact with other contracts in a more secure manner.
Why did Vitalik Buterin ignore ERC223?
Despite the numerous advantages of the ERC223 standard, Vitalik Buterin, the co-founder of Ethereum, chose to ignore it and stick with ERC20. When asked about it, Vitalik stated that he was aware of the ERC223 standard. Vitalik personally recommended changes to the ERC-223 proposal, but then later withdrew his support without explanation. Dexaran believes that Vitalik's decision was motivated by his desire to maintain the dominance of the ERC-20 standard and avoid disrupting the Ethereum ecosystem. This negligence on Vitalik's part has led to significant losses in the Ethereum ecosystem, and it is unfortunate that he chose to ignore a better standard that could have saved millions of dollars.
Dexaran's role in the development of ERC223
Dexaran is a developer who proposed the ERC223 token standard as a solution to the flaws in the ERC20 standard. He recognized the importance of securing the Ethereum ecosystem and worked tirelessly to create a better standard. Despite facing opposition from Vitalik and other Ethereum developers, Dexaran persisted and continued to develop the ERC223 standard. He even created the Callisto Network, a blockchain platform that uses the ERC223 standard and focuses on improving security and efficiency in the cryptocurrency industry.
Callisto Network and its impact on the crypto community
Callisto Network has emerged as a new contender in the cryptocurrency industry, focusing on improving security and efficiency. It provides a safer environment for developers to create smart contracts and tokens, using the ERC223 standard to prevent lost funds and other vulnerabilities. Callisto Network's innovation has helped shape the future of cryptocurrencies, offering solutions to some of the most pressing issues in the industry. By providing a secure platform for developers to create their tokens, Callisto Network is helping to build a more sustainable and trustworthy crypto ecosystem.
Conclusion
The ERC20 token standard is undoubtedly a significant milestone in the development of the Ethereum ecosystem. However, its weaknesses have led to the loss of millions of dollars, which could have been avoided if a better standard had been implemented. Fortunately, developers like Dexaran and platforms like Callisto Network are working towards a more secure and efficient future for cryptocurrencies. With the use of the ERC223 standard and other innovative solutions, the crypto community can look forward to a brighter and more secure future.
#Binance #keepbuilding #ETH #buildtogether #BTC
Start Earning with Binance Mining Pool: A Beginner's Guide
Step 1: Choose your mining hardware
Before you can start mining with the Binance pool, you need to choose the right mining hardware for the coin you want to mine. ASIC miners are generally more efficient for mining Bitcoin, while GPU miners can be used for mining Ethereum classic, callisto, rvn and other altcoins.
Step 2: Download and install mining software
Once you have your mining hardware, you need to download and install mining software that is compatible with your hardware and the Bin
Before you can start mining with the Binance pool, you need to choose the right mining hardware for the coin you want to mine. ASIC miners are generally more efficient for mining Bitcoin, while GPU miners can be used for mining Ethereum classic, callisto, rvn and other altcoins.
Step 2: Download and install mining software
Once you have your mining hardware, you need to download and install mining software that is compatible with your hardware and the Bin
Did you ever lost funds because you sent your token to wrong contract address?
(Also checkout pinned article regarding same in my profiles article section)
#Binance #keepbuilding #security #crypto2023
#Stablecoins
(Also checkout pinned article regarding same in my profiles article section)
#Binance #keepbuilding #security #crypto2023
#Stablecoins
Yes
60%
No
40%
40 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
Read my pinned article to know more-
When contract accepts tokens that it shouldn’t accept— contract’s fault not users.
• $2,600,000 are lost in SHIB contract
• $1,700,000 lost in HEX
• $80,000 lost in USDT
• $549,000 lost in MATIC
• $526,000 lost in UNI
#buildtogether #Binance
When contract accepts tokens that it shouldn’t accept— contract’s fault not users.
• $2,600,000 are lost in SHIB contract
• $1,700,000 lost in HEX
• $80,000 lost in USDT
• $549,000 lost in MATIC
• $526,000 lost in UNI
#buildtogether #Binance
People panicking over #USDC FUD, trying swap at DEX with max slippage allowed.
MeV bots profiting and looting innocent people left and right.
We seriously need better token standards.
#Binance #keepbuilding #crypto2023 #BTC
MeV bots profiting and looting innocent people left and right.
We seriously need better token standards.
#Binance #keepbuilding #crypto2023 #BTC
If you ever lost funds in #ETH because you sent it to wrong contract mistakenly. It was not your fault trust me. Vitalik made it a norm accusing user for mistakes while he had a choice to opt for a better token standard which would have able to recover lost funds.
#keepbuilding
#keepbuilding