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Since 2012 The cryptocurrency trade misplaced simply over $30 billion to hackers, greater than 30% ($10.95 billion) of which was stolen from centralized exchanges, in response to a research by blockchain safety agency SlowMist.

The safety firm reported that since 2012 till 2023 this trade has skilled 118 hacks, with the 2 most important hacks occurring in 2021. and suffered practically $5 billion in whole losses.

The information additionally exhibits that a lot of the large-scale hacks occurred throughout bullish market cycles.

Compared, hackers managed to mine lower than $1 billion immediately from blockchain networks and cryptocurrency wallets throughout this era. Sizzling wallets alone suffered 408.9 million. USD in losses, whereas blockchain networks misplaced a comparatively smaller quantity of $207.2 million to malicious actors.

The non-fungible token (NFT) trade has suffered $200 million in losses, primarily resulting from hyperlink phishing and social engineering scams.

Lastly, the Bridge Protocol hacks accounted for simply over $2 billion in whole funds stolen throughout this era.

Ecosystem losses

The information reveals that Ethereum and BNB Chain (previously Binance Good Chain) had been probably the most affected by hackers, each by way of the variety of hacks and cash misplaced.

Hackers stole $3.1 billion from the Ethereum ecosystem in 217 separate hacks. BNB Chain, alternatively, suffered a lack of $1.45 billion. USD loss in 162 totally different hacks.

Regardless of being the third largest, the EOS ecosystem misplaced a a lot smaller quantity, totaling 25.9 million. In distinction, Solana and Polygon posted vital losses of $202.7 million and $177.9 million, respectively.

Avalanche’s community was breached eight instances, leading to a complete lack of $127.7 million.

The research additionally contains information from chains reminiscent of Tron, Fantom, Polkadot and HECO. Collectively, these chains have endured lower than 50 hacks and misplaced lower than $200 million.

Lastly, the remaining $10.9 billion of the full stolen funds falls beneath the “Different” class, in response to SlowMist. This class contains all different kinds of blockchain hacks, scams, rug-pulling, and numerous types of digital theft not particularly talked about.

Disclaimer: By selecting to lock your ACS tokens with seethereality, you agree and acknowledge that you may be sure by the phrases and circumstances of the third-party digital pockets supplier, in addition to any relevant phrases and circumstances of the Entry Basis. seethereality assumes no duty or legal responsibility for the availability, entry, use, locking, safety, integrity, worth or authorized standing of your ACS Tokens or your Digital Pockets, together with any loss associated to your ACS Tokens. You might be solely accountable for the dangers related along with your ACS token lock utilizing seethereality. Please go to our phrases web page for extra data.

Disclaimer: By selecting to lock your ACS tokens with seethereality, you agree and acknowledge that you can be certain by the phrases and situations of the third-party digital pockets supplier, in addition to any relevant phrases and situations of the Entry Basis. seethereality assumes no duty or legal responsibility for the supply, entry, use, locking, safety, integrity, worth or authorized standing of your ACS Tokens or your Digital Pockets, together with any loss associated to your ACS Tokens. You’re solely accountable for the dangers related along with your ACS token lock utilizing seethereality. Please go to our phrases web page for extra data.

Solana is concentrated on small companies

Gokal mentioned in an interview:

“(Solana desires companions) who can transfer and push releases and experiments and measure each week, not somebody actually massive with a longtime view of what they’re in search of.

He criticized bigger firms for his or her willingness to maneuver on to new issues if the partnership would not work out.

He highlighted one partnership with San Francisco-based espresso store chain Boba Guys, which started exploring a Solana-based loyalty program in April. Gokal mentioned the espresso chain may use non-fungible tokens (NFTs) and different tokens to spice up gross sales.

Gokal additionally mentioned that Solana is in search of indie builders. He mentioned the corporate is investing in hackathons, the final of which acquired 800 entries, and constructing “hacker homes” which have attracted greater than 17,000 builders.

Solana additionally focuses on infrastructure

Gokal mentioned Solana can also be taking a look at infrastructure partnerships. November the mission additionally partnered with Google Cloud, permitting customers to deploy Solana nodes and use Google Cloud as a Solana verifier.

He additionally prompt that Solana is eager about partnering with Stripe. He famous that Stripe in 2022 December. unveiled the fiat-to-cryptocurrency onramp and mentioned most of Stripe’s supported apps had been based mostly on Solana.

Throughout the interview, Gokal additionally emphasised that Solana goals to grow to be the “apple” of cryptocurrencies. Solana not solely focuses on UX and efficiency just like the tech big, but in addition produces the Saga smartphone, which can as soon as once more present a bigger infrastructure for third-party initiatives.

Could 23 in a separate dialogue, Solana Labs founder and CEO Anatoly Jakovenko mentioned Solana is engaged on ChatGPT and AI options.

The publish Solana Seeks 100x Progress By Small Enterprise, Infrastructure Partnerships appeared first on seethereality.

Yakovenko calls AI an enormous change

Yakovenko stated in the course of the dialogue:

“I feel the pure language interface enabled by ChatGPT is thrilling and funky…it is as massive a change as when Microsoft Home windows and the pc mouse have been first launched.”

Builders constructing client apps ought to take into account how their apps can be utilized with AI, he stated. He additionally advised that cryptocurrency APIs are perfect for AI interactions on account of their programmability, particularly in comparison with centralized finance.

Yakovenko highlighted Solana’s current ChatGPT plugin, which permits customers and builders to get on-chain information about accounts and NFT collections.

Whereas these options have been beforehand reported, Yakovenko advised that Solana customers would ultimately have the ability to carry out transactions from inside the ChatGPT loop, which means that customers would have the ability to carry out transactions from inside the chatbot itself.

Solana gives 10 million USD AI grants

Might 23 Solana additionally introduced that it has elevated its AI-focused grant program to $10 million. The fund initially had simply $1 million when it launched in April.

The grant program, which has already obtained 50 purposes, is designed to encourage builders to discover new makes use of for AI with Solana.

The Solana Basis moreover launched a three-month accelerator program for universities. Lastly, the challenge consists of two AI-powered companies: the Ask Solana U chatbot and a code testing device referred to as Solana Audits AI.

The submit Solana CEO thinks ChatGPT is as revolutionary as Home windows and a PC mouse appeared first on seethereality.

Disclaimer: By selecting to lock your ACS tokens with seethereality, you agree and acknowledge that you’ll be certain by the phrases and circumstances of the third-party digital pockets supplier, in addition to any relevant phrases and circumstances of the Entry Basis. seethereality assumes no duty or legal responsibility for the supply, entry, use, locking, safety, integrity, worth or authorized standing of your ACS Tokens or your Digital Pockets, together with any loss associated to your ACS Tokens. You’re solely chargeable for the dangers related to locking your ACS tokens utilizing seethereality. Please go to our phrases web page for extra info.

Helium, an Web of Issues (IoT) challenge, is presently being constructed from its blockchain roots to Solana, a blockchain community identified for its pace and scalability.

In keeping with an official announcement printed on April 18, the objective of this main migration is to extend the steadiness and scalability of the Helium community. The community is constructed on a decentralized community of IoT units that provides connectivity to low-power, long-range wi-fi units.

Helium’s bold transfer to Solana started yesterday at 16:00 UTC and needs to be accomplished inside a day. To facilitate the migration, the native Helium blockchain was paused and a snapshot of the community was taken.

Helium Tokens (HNT) and MOBILE Tokens will then be added to Solana’s blockchain, successfully changing native Helium Tokens into Solana Native Tokens.

In keeping with Helium’s official weblog publish, the migration to Solana is predicted to carry important enhancements to the Helium community, together with quicker speeds, decrease prices, and better stability. As well as, the IoT platform plans to benefit from the strong developer group and sources of Solana’s blockchain ecosystem.

The Helio group is responding

The announcement of Helium transferring from its native blockchain to Solana has acquired blended reactions from the crypto group. Whereas some expressed concern in regards to the stability of Solana’s community, others welcomed the information with enthusiasm, one person mentioned when calling it is a “good transfer”.

One other person in a tweet“Solana just isn’t very steady. Do not fake like that…”

The status for instability just isn’t unfounded, as Solana has skilled frequent outages prior to now, with the newest outage occurring in November of final yr. in 2022 downtime grew to become an virtually month-to-month prevalence, and the challenge was extensively criticized.

Regardless of makes an attempt to unravel this downside, in 2023 Solana continued to expertise technical points, and in February customers skilled difficulties with transactions on the principle community.

in 2022 in September, Helium Enchancment Proposition 70 (HIP-70) was voted on to find out whether or not the challenge needs to be moved to Solana.

The proposal acquired loads of help – 81.41 % voted for such a transfer. Out of seven,447 votes, 6,177 voted for migration and 1,270 have been towards.