Qitmeer Today's must-Read (08/25). Industry related. Bitfinex offers zero cost deposits to its Turkish users.
25 Aug 2023, 13:07
💫 Qitmeer Today's must-Read (08/25)
✨ Industry related
1. Bitfinex offers zero cost deposits to its Turkish users.
2. A scammer used a fake address to steal $50,000 in digital currency confiscated by the U.S. Drug Enforcement Administration.
3. Magnate Finance 「Rug Pull」 through prophecy machine manipulation, TVL has dropped about $6.5 million.
🚀Blockchain 🚀
🪡 The cross-chain Hub layer QNG network is the cross-chain center of Qitmeer Network compatible with Ethereum virtual machines. Through MeerContract, each contract transaction is synchronized and consensus on the Meer network, and the high security of the MeerDAG consensus protocol based on proof of work of the Meer network is used to ensure the security of the QNG network.
🐬 Here, transaction synchronization consensus can be regarded as a transaction connection mechanism, similar to a driver in a transportation system. Its task is to guide the transaction data from EVM to the transaction flow of the MeerDAG consensus algorithm, realizing cross-chain processing of the data flow.🌐