Qora and Burst Now Able to Make Cross-Chain Transactions
For a long time, folks have thought that centralized exchanges were the essential problem in cryptocurrency. When someone wants to convert one cryptocurrency to another, or to fiat, they have to trust that the exchange they're going to use isn't going to, in one way or another, rip them off. Now, two altcoins have begun laying the groundwork for a permanent solution to trusted third-party exchanges. note: the author holds a small amount of both Burst and Qora. CCN spoke extensively with members of the Burst and Qora development teams, who worked in conjunction with a group called CIYAM.....
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After dipping to a low of four Satoshi, the price of proof-of-stake coin Qora has more than doubled its price, breaking a 90-day trend of stagnation which saw it hovering between and five and six Satoshi per coin. This is a strong showing for a coin that has many similarities to NXT Coin, that unique kid on the block so popular in Britain. Also read: NxxtyCoin Price Plummets. Staked In. Qora is a 100% proof-of-stake coin, which means no mining has ever or will ever take place. Coins are generated by an interest like process called "staking." While this lowers the technical bar to entry for....
Qora that disappeared from everyone's sight last year is back and this time it will have a Bitcoin exchange and social network enhancements with which it vows to woo the users. This second generation cryptocurrency platform is promising to make people again take notice of it with its "stunning feature set," and also with the initial promotional support of Denmark-based Crypto Coins Exchange DK Aps ('CCEDK'). CCEDK was founded in the year 2014 and is a platform on which buyers and sellers make deals for their business directly with the new digital currencies like Bitcoin, Litecoin, etc.,....
BURST now makes smart contracts possible through the block chain. One of the promising applications of the block chain technology are smart contracts. Different startups have been working on launching smart contracts, like Ethereum, but it would appear that a small crypto startup has beaten everyone else to it. BURST has issued the first coin that enables you to create smart contracts straight out from the wallet. The coin uses a Proof of Capacity. BURST uses fewer resources as it only reads from your hard drive once per block and does not use power hungry graphic cards while mining. BURST....
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time.
Nomad Cross-Chain Bridge Exploited for $190 Million
Cross-chain bridges in the world of decentralized finance (defi) just can’t catch a break no matter how long they have been running and even after the bridges have been audited. On August 1, 2022, the cross-chain bridge Nomad suffered an attack that....
Burst is a emerging cryptocurrency that seeks to solve the problem many consumers have: a way to have cheap, yet secure, cloud file storage. Cryptocurrency and its decentralized nature will allow both users to receive financial incentive for renting out some of their hard drive space, but also benefit from a easily accessible storage system. Bitcoinist talked to the Burst Team regarding Burst and what decentralized file storage really means. 1. What differentiates Burst from other cryptocurencies? BURST is easily differentiated from myriad other cryptocurrencies. Firstly, it is the world’s....