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George Hotz Sparks Controversy Over Crypto Security Risks

Renowned hacker George Hotz has stirred up the crypto community with a bold claim: “None of your crypto assets are actually safe.” His statement follows the release of OpenAI’s latest o3 model, which allegedly features a groundbreaking polynomial time factoring algorithm that could, in theory, compromise modern cryptographic security. The AI Breakthrough That Could Change … Continue reading "George Hotz Sparks Controversy Over Crypto Security Risks" The post George Hotz Sparks Controversy Over Crypto Security Risks appeared first on Cryptoknowmics-Crypto News and Media Platform . Crypto Briefing

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Coinbase’s Base Plans for 25 Million Users and $100 Billion in Assets by 2025

Base – the Coinbase-incubated Ethereum Layer 2 network – has announced an ambitious roadmap for 2025, in a bid to solidify its position as a leading player in the ecosystem. According to the press release shared with CryptoPotato , the network aims to onboard 25 million users and 25,000 developers, significantly expanding its community and technical contributions. Base also plans to scale its blockspace capacity to 250 Mgas/s, to enable faster and more efficient transactions, while targeting $100 billion in total assets on the platform. Base Unveils Ambitious 2025 Goals Base has outlined its 2025 strategy through five key focus areas. First, it aims to empower developers by creating open tools, including OnchainKit and support for AI-driven apps, to streamline app development and adoption. Second, it seeks to foster a robust ecosystem of on-chain applications, focusing on distribution, monetization, and improving core functionalities like social, trading, payments, and messaging. Third, Base plans to simplify user experience by ramping up its Smart Wallet, to facilitate quick onboarding, seamless app interactions, and secure management of assets and identities. Fourth, it aims to become a hub for global on-chain markets by increasing asset liquidity. “We will decentralize, scale, and accelerate Base to enable everyone, everywhere to come on-chain. The only way we can build a truly global economy is by making sure it’s built on a decentralized, open platform – and we are proud to do this as part of Ethereum and the Superchain.” Base TVL Growth The roadmap follows a milestone in November when Base hit $10 billion in total value locked (TVL) for the first time. The figure has since increased by over 50% as the TVL of the Layer 2 now stands at $15.2 billion, as per data compiled by L2Beat. Base is currently, the second Ethereum Layer 2 network trailing closely behind Arbitrum which has a TVL of $18.09 billion. The growth of Layer 2 networks played a crucial role in the Ethereum ecosystem last year and data suggests that this trend will continue going forward. For instance, in its latest report , Fidelity expressed optimism about the performance and adoption of Layer 2s in 2025, stating that these solutions are expected to build on the momentum gained in 2024, with a focus on reducing transaction costs, improving transaction speed, and enhancing cross-chain interoperability. “The continued innovation in Layer 2 technology will make DeFi more accessible and scalable, potentially attracting more institutional investors and enterprises. A successful example is Coinbase’s Layer 2 chain Base, which was built on the OP Stack created by the Optimism collective.” The post Coinbase’s Base Plans for 25 Million Users and $100 Billion in Assets by 2025 appeared first on CryptoPotato . Crypto Briefing