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Cryptocurrency News Articles

Unveiling the Latest Advancements in the Cryptocurrency Sector: Bitcoin.com Wallet Introduces USDC Staking Rewards, Vitalik Buterin Rolls Out “The Surge” for Ethereum Layer 2, and Plus Wallet Provides Enhanced Security & Control

Oct 27, 2024 at 03:31 am

As interest from investors in the cryptocurrency sector increases, leading crypto entities are unveiling features that focus on enhancing user experience.

Unveiling the Latest Advancements in the Cryptocurrency Sector: Bitcoin.com Wallet Introduces USDC Staking Rewards, Vitalik Buterin Rolls Out “The Surge” for Ethereum Layer 2, and Plus Wallet Provides Enhanced Security & Control

Bitcoin.com now features USDC staking rewards within its self-custody wallet and on the Verse DEX, facilitated by Kiln DeFi’s fully on-chain mechanism, which boosts transparency and security for its users. To participate, users must deposit USDC into a smart contract on the Ethereum network.

Laszlo Szabo, CEO and Co-founder of Kiln, expressed that providing non-custodial rewards for stablecoins is crucial to their mission of democratizing the creation of value in digital assets. The implementation of USDC staking on Morpho marks a significant achievement in their collaboration with Bitcoin.com.

“We are excited to integrate Kiln DeFi’s USDC staking on Verse DEX and Bitcoin.com Wallet. This integration will allow users to earn贿赂 non-custodially on the DEX and further our mission to make Web3 accessible to everyone,” said Szabo.

Bitcoin.com recently integrated Kiln DeFi’s non-custodial liquidity贿赂 into Morpho, a leading lending protocol on Ethereum. This integration enables users to earn贿赂 from providing liquidity to the DEX, further enhancing the decentralized nature of the platform.

Meanwhile, Vitalik Buterin, Ethereum’s co-founder, recently unveiled “The Surge,” an ambitious initiative to enhance Ethereum’s processing capability to over 100,000 TPS while maintaining its decentralization and security features.

This plan capitalizes on the network’s ongoing advancements in Ethereum Layer 2 solutions, especially rollups, and addresses upcoming challenges. It comes after the early 2024 Dencun upgrade, which boosted transaction efficiency and lowered costs. Buterin emphasized the importance of ensuring Ethereum Layer 2 rollups are as dependable as the main network.

“The goal of this roadmap is to make Layer 2 rollups as performant as the Layer 1 mainnet, and to make sure that everyone who uses Layer 2 feels like they are using Layer 1,” explained Buterin.

“We want to get Layer 2 to 100k TPS, and we want everyone using dapps on Layer 2 to feel like they are using Layer 1. This means getting Layer 2 rollups to Layer 1 levels of decentralization, security, and usability.”

The surging popularity of the crypto market has attracted hackers, leading to substantial financial losses. As these threats evolve, conventional wallets are finding it hard to keep pace, while newer wallets frequently depend on external services, diminishing user control and introducing new risks.

Plus Wallet addresses these issues with its sophisticated security measures, providing a robust and straightforward crypto wallet. It encrypts and directly stores private keys on users’ devices, ensuring no third party, including Plus Wallet itself, can access the funds. It also includes two-factor authentication with options like Face ID and PIN codes for additional security, safeguarding against device compromise.

Yet, security is not the only priority—speed is equally critical for maximizing returns. Plus Wallet offers a balanced approach to security and efficiency. Its ‘Unified Wallet Balances’ feature consolidates asset management in one location, eliminating the need to switch between different wallets.

This integration simplifies the identification of lucrative crypto opportunities and facilitates informed decision-making. Additionally, its instant rewards system enables users to generate passive income seamlessly.

Plus Wallet is recognized as one of the most secure crypto wallets for maximizing profits in 2024, thanks to its comprehensive security, user-friendly interface, cross-chain capabilities, and beneficial features.

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Other articles published on Oct 27, 2024