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Sher_Dil Trader
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7K Aggregator Beta Launch—The Ultimate Liquidity Hub for Smart Traders on Sui
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🚨 WazirX Hacked 🚨 WazirXIndia's Safe Multisig wallet on the $ETH network has been compromised. $234.9M moved to a new address, and transactions linked to TornadoCash
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Big news for $FUD, the meme coin of the $SUI Network! They’re launching a SocialFi Platform that rewards users for sharing content about @fudthepug on X. Here’s how it works: -Download the Sui Wallet and create your account. -Connect your Sui Wallet and link your X account. -Tag @fudthepug in your original content. -Wait for @fudthepug to... -Start sharing and earning with $FUD today! 🚀🐶 #SocialFi #Crypto #FUD #SuiNetwork
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🔓💥Lost Password Unlocks $3M in 2013 #Bitcoin Wallet - Two researchers helped him recover it. - The wallet contained 43.6 BTC. - The BTC was worth about $2.96M #crypto #cryptonews #BitcoinETFs
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🚫🚫 SPAM: HOW IT WORKS ⚙️⚙️ The SPAM system has two components: 🔗 An onchain mechanism to track user transactions, calculate rewards per user, and let users mint $SPAM in proportion to the number of txs they sent. 🌐 A web miner for users to easily send lots of transactions automatically, as well as mint and claim $SPAM coins. Let's dig in at different levels of analysis: 👶 ELI5 👶 - One billion $SPAM coins are minted every day. - Users earn $SPAM by sending $SUI transactions. - The more txs you send, the more $SPAM you receive. - There is no proof of work, only proof of spam. 🕹️ MECHANISM 🕹️ A Sui "epoch" is roughly equivalent to 1 day. Users send txs to increase their tx counters during epoch N, register their tx counters during epoch N+1, and mint $SPAM anytime from epoch N+2 based on the spamming they did in epoch N: - Epoch 0: user spams UserCounter.0 (UC.0) - Epoch 1: user spams UC.1, registers UC.0 - Epoch 2: user spams UC.2, registers UC.1, claims UC.0 - Epoch 3: user spams UC.3, registers UC.2, claims UC.1 - And so on 🛠️ IMPLEMENTATION 🛠️ - Single-writer `UserCounter` objects are used to track the number of txs sent by each user within one epoch. - When that epoch ends, the user registers their `UserCounter` in a shared object, so that the total number of txs in the previous epoch can be calculated. - After that next epoch (registration period) ends, users can mint $SPAM coins in proportion to the number of txs they sent.
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