Altcoin News Daily Official TheBitTimes.com

Sceptre, a new liquid staking protocol for the ‘ blockchain of data’, Flare, has launch ed in private beta. Designed to maximize FLR yield, Sceptre will enable users to use their tokens in DeFi protocols while also continuing to claim native Flare rewards and monthly FlareDrops. The Sceptre protocol has been developed by Rome Blockchain Labs (RBL), who are simultaneously building the lending and borrowing platform Kinetic. The two protocols will function hand in hand to help maximize the functionality of the FLR token. Flare, which is billed as the blockchain for data, has three native reward mechanisms: Staking to infrastructure providers to support network consensus and security Delegating to the Flare Time Series Oracle to support the delivery of decentralized data to the network Receiving monthly FlareDrops for network participation. Hugo Philion, co-founder of Flare, welcomed Sceptre to the ecosystem: “The Flare tokenomics, and...

To securely backup your crypto wallet private keys, create an encrypted offline copy on a hardware wallet or write them on paper. In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money.  This article will explain the importance of private keys, the risks they pose and the different ways to safely backup keys. What are private keys? In the world of crypto currency, every digital wallet is built upon a foundation of crypto graphic keys, forming an essential element of its structure. These keys, unique to every user, play a pivotal role in securing one’s assets. The private key, functioning akin to a password, acts as the gateway to accessing funds, while the public key mirrors the wallet address, enabling seamless transactions. Generated through complex algorithms, ...