StakeCube in Numbers
After last week’s excellent performance, the Crypto markets experienced a small price correction. Now it seems like a new push to the upside has begun, with Bitcoin reaching new local highs today. Meanwhile StakeCube had an excellent week, showing particularly strong growth in user count. The exchange volume was also exceptionally high, experiencing an increase of almost 80% with respect to last week. Perhaps the two facts are related, and we have many newcomers that came to arbitrage or simply make use of our exchange. Interestingly, this volume spike wasn’t caused by any particular coin, and was relatively spread out across several different coin pairs.
- User Count: 107,368 +1.27%
- Pool Value: 597.58 BTC +3.32%
- Daily BTC Mined: 0.152 BTC -4.40%
- SCC Price: $0.89 +3.49%
- SCC Market Cap: $8,251,000 +4.05%
- Daily Exchange Volume $87,078 +78.95%
- Alexa Rank 21,001 -1000
30 day exchange volume:
As for the top gainers, we had TUP on top with a huge trading volume following the news of future exchange listings and planned coin burns. This was this week’s top five:
Top 5 Gainers
- TUP +88.66%
- COLX +49.11%
- SHARD +47.93%
- RDD +46.18%
- RVN +38.91%
MineCube 100% Recovered
This week the first users reached the 100% recovery mark on their MineCube investments. Back when we released MineCube, some people were calculating 3 to 4 years to recover the hardware costs. Thanks to the price boom we have experienced since then, these users have recovered their entire investment in little over a year. Now that they amortized their initial investment, they can consider all their mining income as profit.
We have updated all DOGEC wallets, which are now verified on-chain. Prior to this, the blockchain seems to have been stuck for a while. Masternodes are also up to date and on-chain, but masternode rewards are switched off by spork. We are waiting for the DOGEC team to activate them again before taking the wallet out of maintenance. We do this to avoid disappointing users who set up new masternodes and expect to receive rewards.
Planned NodeCube Maintenance
On the 13th of August we will disable NodeCube for a few hours in order to install an update. The changes are not visible but they will further improve the backend of NodeCube. The update will have no effect on running masternodes, with rewards continuing as normal.
Ethereum London Hardfork
On Thursday Ethereum successfully went through the London upgrade. This was a hardfork that introduced a series of EIPs (Ethereum Improvement Proposals), of which by far the most talked about was EIP-1559. EIP-1559 fundamentally changes how users pay for transactions on the network. Prior to the upgrade, users had to select a gas fee for their transactions. Miners would then prioritize the highest fee transactions and add those to the blocks first. This made it difficult to estimate the fee necessary to have the transaction go through within the expected timeframe. With the new system, the protocol itself will set the transaction price, eliminating this uncertainty. It is expected that this will help users avoid overpaying fees for their transactions. As a consequence, fees could be slightly lower moving forward.
More importantly, EIP-1559 introduces a coin burn mechanism. With every block, a part of the fees paid by Ethereum users will be burnt. This coin burn could potentially outstrip coin issuance, which would effectively reduce the coin supply. Supply reductions usually have a positive effect on prices, which is the reason this EIP has caused so much interest. To learn more about the London upgrade and EIP-1559 you can follow these links:
You can also check out this tool to monitor the coin burn:
Fee for Cross-chain Recoveries
We have increased the recovery fee for cross-chain deposits from $10 to $100. This fee will only be charged if the recovery was successful. Please consult our support before transferring funds if you are not sure about cross-chain compatibility and whether a recovery is possible. Also please remember to verify address and wallet status before making a deposit. Coins are permanently lost after failed transfers between incompatible chains.
BNB/BSC Wallets Back Online
After much effort our development team was able to find a workaround for the BSC issues and the wallet is now online. Deposits and withdrawals work automatically again, but some that were sent during the time when the wallet was offline may need to be credited manually. If this is your case and you haven’t been credited a deposit, feel free to open a support ticket on Discord:
BitBlocks (BBK) won our July coin vote round with 1158 votes, and the listing is now complete. BitBlocks is a staking and masternode coin. You can check out their website here:
The wallet is online, with deposits and withdrawals active. We have also added an SCC trading pair for BBK:
A warm welcome to the BitBlocks community from the StakeCube team.
CSV Export Files
We have added options to our CSV export files to select column separator (, or ; ) and decimal separator (, or .) to suit your needs. These options are only available for the StakeCube format.
This week we bring to you a very important development for StakeCube Protocol: the SCP-4 standard. SCP-4 smart contracts create NFT collections with a series of customizable characteristics. A collection can have a max supply (limited set) or the supply can be uncapped (unlimited). With this, smart contract creators can mint NFTs on SCP at very low costs. These can be then transferred between StakeCube Protocol user accounts.
SCP-4 NFTs are protected to ensure they can never be destroyed by the owners. However, collections have the option to allow destructible NFTs for specific use cases. For example, in games it can be useful to have a character die or for single-use items such as potions, or med kits. The SCP-4 smart contract meta (supply, destructibility, etc.) cannot be altered after deploying the contract.
Before doing the PR to the main branch, we will add a new API module for easier implementation (marketplace, StakeCube.net integration, etc.) and complete IPFS implementation to ensure that images are forever linked to their respective NFTs. You can read more about how IPFS works here:
We also created the SCP-4 proposal branch on Github:
SCP Wallet News
Apart from the development of SCP-4, we bumped the SCP codebase to v1.1.5. We are at the moment running public community testing phases to polish the wallet before the new release, which should come some time next week.
We are also developing an in-wallet GUI token creator to include it with the v1.1.5 release. PRs will open on Github shortly. Other than this, a few minor API and wallet bugs were fixed, with others being investigated.
“Most Popular Token” is now clickable for extra details. We also fixed the TX list “token name button”.
Wallet Maintenance News
We installed the following new wallet:
We updated the following wallets:
Previous version: 22.214.171.124
New version: 126.96.36.199
Masternode restarts necessary but delayed due to the chain being stuck after the update.
Previous version: 1.10.3
New version: 1.10.6
Previous version: 188.8.131.52
New version: 184.108.40.206
Previous version: 220.127.116.11
New version: 18.104.22.168
Please read the following information regarding the security of your account and funds:
The StakeCube.net team will:
- Never contact you first
- Never ask you to send them or move coins to some other address
- Never ask you for remote access or to install any third party software
- Never ask you for your password or 2FA codes
- Never provide support using direct messages
If you observe any of these listed behaviors, someone is trying to steal money from you. This applies to all of our social media channels. Our team will post official messages in the appropriate channels, and we only offer support through our ticket system on Discord.
Please, also take into account the following measures to keep your account secure:
- Enable 2FA in the account settings
- Enable IP verification in the account settings
- Use a strong password
- Change the password regularly
- Never share your password with others
- Never allow remote access to your devices
- If you require assistance, use only the official channels
- Download software only from verified sources
SCP Wallet is now signed with JSKitty’s public PGP key. This allows users to verify that the wallet has been cryptographically signed and approved by him. Even if our GitHub is compromised, the downloads are still safe as long as the PGP verification confirms that the files have not been tampered with. If you download SCP, please verify the binary against our developer’s public key: