The world of cryptocurrency is undergoing an unprecedented, yet necessary, revolution. With the advent of Bitcoin Spark, Avalanche, Stellar, and Monero, a new set of standards is being established to bring the cryptosphere to the leading edge of the market.
It was reported today that a cyberattack against an Avalanche-based social network resulted in the theft of over $3 million worth of AVAX tokens. The attack came shortly after the network’s launch and left users in a state of shock.
As Friend.tech’s Fork Stars Arena went up in flames, the value of their avalanche pumps was put to the test. Fortunately, these pumps kept the fire at bay, saving both lives and property, and are emerging as heroes of the day.
Avalanche blockchain usage saw an impressive uptick in the second quarter of this year, according to data from Nansen, a blockchain analytics platform. The platform recorded a 72% boost in transaction volume from Q1 to Q2.