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FT fork halts citing ‘high costs’, users note $336K in teams’ multisig

An Arbitrum-based Friend.tech clone has decided to slam the brakes ahead of its promised airdrop due to unsustainable operational costs, leaving users befuddled while noting the team’s healthy multisig wallet.  Pseudonymous Cipher Fan creator, Zatis, announced the projects shut down on Oct. 24 just hours before its CIPHER token airdrop was

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MakerDAO co-founder proposes fork of Solana codebase for native chain

MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain or what is currently dubbed as “NewChain,” is part of the

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BNB Chain hard fork to improve security & compatibility with EVM chains

Binance’s proprietary BNB Smart Chain (BSC) is set to undergo two hard forks through August 2023 that are aimed at reducing the possibility of a malicious blockchain reorganization and increasing the compatibility with other EVM blockchain networks.The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30 respectively,

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BNB Beacon Chain prepares to upgrade, hard fork will boost bridge security

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The BNB Beacon Chain, which Binance manages, is preparing for an upcoming hard fork that will introduce substantial enhancements to its blockchain network’s security and functionality. In an announcement on July 12, the “ZhangHeng” upgrade will

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BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

“If a reconciliation error occurs, the blockchain will stop producing new blocks, impacting downstream services such as bridges, deposits, and withdrawals on exchanges,” developers wrote on GitHub. “This drastic action is necessary to protect the chain and its users, so core developers and community members should investigate the issue as

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Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3

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