#CryptoNews 😏

A Bitcoin developer disrupted the operation of the Bitcoin test network.

Jameson Lopp, co-founder and security director of the Casa platform, conducted an attack on the Bitcoin test network, disrupting its normal functioning. With his actions, the developer created over 165,000 blocks in just a week. Under normal conditions, this would have taken 3 years.

💲Lopp carried out a so-called "stress test attack," which involves creating a huge number of transactions to increase the network's workload and disrupt other operations.

Due to the overload, Bitcoin developers were forced to halt work on some applications.

☺️Lopp stated that the main goal of the attack was to demonstrate the most vulnerable areas of the blockchain and address them, rather than attempting to cripple the network.

The "stress test" cost the developer $1 💸in payment for the electricity consumed.

In a video, developers showed an unsuccessful attempt to synchronize the test node, which failed due to "creating thousands of new blocks per hour."

#CryptoNews 😉

Vitalik Buterin referred to the Proof-of-Work algorithm as a "temporary stage" for #Ethereum

The co-founder addressed user comments regarding the project's transition to the Proof-of-Stake algorithm (PoS), stating that PoW was merely a transitional phase in Ethereum's development

He emphasized that moving to PoS is a logical and reasonable decision due to PoW's centralization issues, which were often understated

We're introducing a redesigned concept for Ethereum events in Ukraine🇺🇦 and that's why we're thrilled to host the FIRST-ever Ethereum Hackathon in Kyiv with 100 000$+ in prizes! 🔥

From June 21st to 23rd, this event will bring together talented developers, students, and enthusiasts from numerous countries to work on their innovative projects for the Ethereum ecosystem. Expect panel discussions, talks, and workshops from leading companies in the web3 world.

Covering various topics, the hackathon will delve into:

🔹Restaking
🔹Account Abstraction
🔹L2s Scalability Roadmap
🔹RWA Tokenization
🔹Uniswap V4
🔹SocialFi

Expect speakers from leading web3 startups & companies as metamask.io, horizenlabs.io, consensys.io, ether.fi, intmax.io, kelpdao.xyz, gnosis.io, pendle.finance, scroll.io, nethermind.io, globalledger.io, ideasoft.io, and more.

The full list of speakers and detailed schedule will be added later in this chat, so don't miss any update from us!🚨

Join via: https://ethkyiv.org

* all prevously registred applicants will recieve an email with the link to TAIKAI registration form 🙌

#CryptoNews

CryptoPunk #635 sold for 4000 ETH (approximately $12.4 million)

‼️ Urgently turn off iMessage

Trust Wallet on Twitter warns about a vulnerability on iOS that can compromise your phone's wallet even if you haven't clicked any links.

To turn off iMessage: Settings >> Messages >> iMessage (off)

👀 Pavel Durov Trolls Mask

🥉 VS 🪙

After TON surpassed DOGE in market capitalization, Pavel Durov posted a story with the caption 'Sorry, Elon!'

Over the past 4 hours, more than $600 million worth of traders have been liquidated, causing continued panic in the market, but we hope your deposits are safe! 🙏

Hello everyone!

It's bull 🐂 market time!

We're currently investing in promising ventures in pre-seed, seed rounds, and KOL’s rounds allocation

If you're interested in joining us for collaborative investments, feel free to join our investment pool group at https://t.me/+Eg_BP15V-y00NGYy

See you there!

Exciting news from MetaMask! 🚀

MetaMask has officially launched a new service allowing users to check for token airdrops from various projects

This feature is supported across blockchains including Ethereum, Optimism, Arbitrum, Base, Zora, and Polygon

Stay tuned for more updates on airdrops!

#Airdrops #MetaMask #Crypto #Blockchain