Wormhole, a famous cross-chain crypto bridge between Solana, Ethereum, Avalanche, and others, has recently been compromised, leading a hacker to drain roughly $320 million in Wrapped Ethereum (80,000 $WETH) out of the protocol. WETH in Wormhole is backed 1:1 by WETH Ethereum stored in the Wormhole smart contract. The reason…

A beginner’s guide to understanding wrapped tokens. Introduction Wrapped tokens are cryptocurrency tokens pegged to the value of another asset. These wrapped tokens are called this way because the original asset is put in a wrapper. A wrapper is a digital vault that allows a wrapped token version to be minted…

This guide contains detailed steps on how you can unstake and re-delegate your SafeCoin ($SAFE). — SafeCoin is a Proof-of-Stake-based blockchain network that offers fast and secure transactions. SafeCoin is a community version of Solana and therefore shares a lot of technologies with Solana. So do both platforms support building crypto applications that can scale. Solana and SafeCoin share a new consensus method called Proof of…

Cryptocurrencies use consensus algorithms, which is a method of securing the blockchain and ledger of a cryptocurrency. The thousands of cryptocurrencies today use a wide variety of consensus algorithms, each with its advantages and disadvantages. In this article, we will be looking at a unique consensus algorithm called Proof-of-History. Proof-of-History is currently used by two blockchains, namely Solana and SafeCoin. We will be comparing Proof-of-History to several well-known consensus algorithms to find out if Proof-of-History can be the future.

The following guide explains how to set up and use the SafeCoin wallet designed specifically for the SafeCoin ecosystem. This wallet lets you send, receive SAFE, and interact with SPL tokens (SAFE-based tokens) on the SafeCoin blockchain. — What is SafeCoin? SafeCoin is a permissionless, open-source blockchain that is designed to provide DeFi (Decentralized Finance) solutions. This project was originally launched in February 2018 as a fork of Komodo. However, in early 2021, the community decided to switch to a superior Solana-based codebase.

Want to learn how to buy SafeCoin? You can start investing in $SAFE on Safe.Trade! — Decentralized finance (DeFi) is a hot topic in the cryptocurrency industry. Most DeFi infrastructure today is built on Ethereum, the largest and most robust blockchain network that supports smart contracts. …

This guide contains detailed steps on how you can stake your SAFE coins and earn rewards. — SafeCoin is a Proof-of-Stake-based blockchain network that offers fast and secure transactions. SafeCoin is a community version of Solana and therefore shares a lot of technologies with Solana. So do both platforms support building crypto applications that can scale. Solana and SafeCoin share a new consensus method called Proof of History (PoH) to verify transactions that help it to process 65k+ transactions per second. The SafeCoin platform has a native Coin named SAFE that is used to pay the network transaction fee.