Evening Read | What is ETHS? Ethereum NFT Concept Coin is Here?
Evening Read | ETHS: Is Ethereum's NFT Concept Coin Here?
1. What is eths? Ethereum Inscription Concept Coins are here too?
The Ethereum Inscription Protocol is on fire. Similar to the Ordinals protocol on Bitcoin, it allows people to engrave different types of files on the Ethereum mainnet as long as they are no larger than 96KB. Specifically, the protocol is to add information (hexadecimal characters) in a transaction and record it in a block. Fomo is once again on the rise, and these days people are engraving “eths” on Ethereum, seemingly to benchmark the Inscription Token “ordi” on the ordinary protocol. As the first “concept coin” for Ethereum Inscription, all the eths with a number less than 21,000 have been minted as of yesterday, and now the only way to own an eths with a consensus-recognized number less than 21,000 is through off-market trading. Click to read more.
2. Etherscan AI tool Code Reader official tutorial
Code Reader is a tool that uses the power of AI to retrieve and interpret source code for specific contract addresses for users. By selecting a contract address, users can access and interact with the contract’s source code file. This tutorial will guide you on how to use this tool and focus on some use cases. Click to read more.
3. A quick look at the five projects most recently incubated and invested by Binance Labs
On June 20, 2023, Binance Labs, the venture capital and incubation arm of Binance, announced its investment in the five best-performing projects in its fifth season of incubation: Bracket Labs, DappOS, Kryptoskatt, Mind Network, and zkBlockings. These five projects cover various areas of Web3, including DeFi, infrastructure, tools, and middleware. Click to read more.
4. Binance official interpretation of what is Binance Chain’s second-layer network opBNB
opBNB is BSC’s answer to the scalability issues of blockchain technology for large-scale adoption. As a second-layer chain compatible with the Ethereum Virtual Machine (EVM), the opBNB solution is based on the Optimism OP Stack, further enhancing BSC’s scalability while maintaining affordability and security. The introduction of Optimistic Rollup aims to reduce computing loads on the main chain by executing transactions off-chain, publishing only transaction data as calldata on-chain. This approach bundles multiple transactions and submits them to the main chain, greatly improving scalability. Click to read more.
5. Uniswap V4 provides developers with powerful “hooks” tools, but risks increase
The largest decentralized exchange for cryptocurrency, Uniswap, with over $3.7 billion in deposits, has released the whitepaper for its latest version, Uniswap v4. The latest version opens up a range of new possibilities for developers through “hooks,” which are additional code snippets that allow developers to build features directly on the Uniswap protocol, such as limit orders, time-weighted token purchasing, and fee systems that adjust based on market volatility. However, hooks may also make decentralized finance (DeFi) — a “wild west” where almost anything can happen — even more dangerous for users. Click to read