Category Archives: Smart Contracts
dcSpark CTO: ‘Cardano Will Be a Top EVM Chain Next Month’ – CryptoGlobe
Cardano users are soon expected to be able to access Ethereum Virtual Machine (EVM) contracts straight from their Cardano (ADA) wallets, increasing the networks value for users and developers.
An Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain. It functions as a decentralized virtual computer that developers can use to create decentralized applications (dApps) and deploy smart contracts. The EVM ensures the security and isolation of smart contracts from the broader Ethereum network while enabling the execution of contract code.
EVM is designed to be both blockchain-agnostic and language-agnostic, meaning that it can potentially be implemented on other blockchains, and developers can use various programming languages to write smart contracts. However, Solidity is the most widely used language for coding Ethereum smart contracts.
This upcoming functionality will be provided by Milkomeda, a network that bridges blockchains like Cardano and Algorand to EVM contracts. According to its team, Milkomeda delivers rollup technologies to leading Layer 1 ecosystems by offering the most popular smart contracting language, Solidity, while enhancing inter-blockchain interoperability, user experience, and developer traction all at the Layer 2 level.
On Thursday (March 30), Sebastien Guillemot, Co-Founder and CTO at blockchain company dcSpark, announced that Cardano is poised to become one of the largest Ethereum Virtual Machine (EVM) chains by user count next month. Guillemot, a former VP of Engineering & Cardano Product Manager at EMURGO, was tweeting about the upcoming launch of a feature on Milkomeda, Cardanos EVM layer, that will allow every Cardano user to access EVM contracts directly from any Cardano wallet.
Based on Guillemots announcement, the new feature will support transactions using pure ADA and will expand Cardanos user base, elevating its status among EVM chains. Furthermore, Cardano is set to become the largest EVM chain with fully operational staking rewards, as stated by the dcSpark CTO. Guillemot emphasized that Milkomeda will soon enable staking rewards for all EVM users, including smart contract developers. According to Guillemots tweet, developers who build on Cardanos EVM layer can look forward to automatic payments every five days.
The new feature will permit Ethereum application developers to build on the Cardano network using Solidity, the programming language employed for coding Ethereum, without installing new toolkits or learning a different language. Consequently, these applications can exclusively use $ADA tokens rather than $ETH, enhancing utility for $ADA token holders.
View post:
dcSpark CTO: 'Cardano Will Be a Top EVM Chain Next Month' - CryptoGlobe
Crypto 4 A Cause Set to Deploy its Blockchain Within the Year After Successful Sandbox Georli Testnet Trial – EIN News
UNITED STATES - April 3, 2023 - Crypto 4 A Cause (C4C), a blockchain network pioneering the creation of a blockchain that supports and sustains charitable and health-focused decentralized finance (DeFi) initiatives, is set to deploy its blockchain within the year. The deployment follows a successful trial on the Sandbox Georli TestNet.
The blockchain network shall adopt a Proof of Authority (PoA) consensus mechanism with a limited number of pre-approved validators or authorities responsible for validating transactions and creating new blocks on the blockchain. These validators are chosen based on their reputation, identity, or other factors, and are trusted to act in the best interest of the network. The C4C blockchain is scheduled to deploy on the test net this month, and from the progress made so far, it takes just 5 seconds to create a block on the C4C network. However, the developers are working tirelessly to reduce the block creation time to 2.1 seconds.
The C4C blockchain is set to revolutionize the way charitable and health-focused initiatives are funded, with the network being designed to support transparency, accountability, and effectiveness. This is expected to encourage more people to donate to charitable causes, thereby increasing the impact of these initiatives.
The C4C Blockchain: What sets it apart?
Unlike traditional financial systems, the C4C blockchain is designed to be trust-less, meaning that it does not require a central authority to govern transactions. Instead, the network is managed by a distributed set of validators and members who ensure that transactions are processed quickly and efficiently.
The blockchain is also designed to support smart contracts, which are self-executing contracts that can be programmed to automatically trigger certain actions when specific conditions are met. This makes it easier for charitable organizations to create and manage initiatives that are targeted towards specific goals.
The C4C blockchain is also designed to be transparent and auditable, allowing anyone to verify transactions and ensure that funds are being used for their intended purposes. This is particularly important for charitable initiatives, as it ensures that donors can have confidence in the organizations they are supporting.
The C4C blockchain in actionThe potential impact of the C4C blockchain can be seen in the way it has already been used to support a range of charitable initiatives.
Thanks to C4C's blockchain, donors are able to track their donations in real time and ensure that their contributions are being used to support those in need. This level of transparency and accountability is essential for building trust between donors and charitable organizations.
Looking to the futureWith the successful trial of the blockchain on the Sandbox Georli TestNet, C4C is now preparing for its official deployment. The network is expected to attract a wide range of charitable organizations and donors, who will be able to take advantage of its transparent, auditable and efficient design.
Final ThoughtsAs C4C continues to develop its blockchain and work towards reducing block creation time, it is clear that the network has the potential to transform the way charitable initiatives are funded and managed. By supporting transparency, accountability, and effectiveness, C4C is paving the way for a more equitable and sustainable future for all.
For those interested in supporting charitable and health-focused initiatives through decentralized finance, the C4C blockchain presents an exciting opportunity. Stay updated on the progress of C4C's blockchain deployment and consider getting involved by following the project onTwitter. You can also follow up on Dex-Tradehereor explore other options for contributing to their initiativeshere.
Crypto 4 A Cause
Media Relations
United States
See more here:
If History Repeats, Cardano (ADA) Price Will Reach ATH Very Soon … – Coinpedia Fintech News
Cardanos native cryptocurrency, ADA, has witnessed price fluctuations in the past few days. However, ADA has increased by more than 50% since the start of 2023 and is presently trading at $0.38. Strong resistance has been seen at $0.40 levels for the price. cardano cardano Blockchain Network is gearing up for the next big upgrade known as Voltaire. Of course, the crucial question is whether the Voltaire update will truly affect Cardanos pricing.
The ongoing growth of the blockchain.com blockchain.com Crypto trading and Information is one item that has been consistently connected to Cardano. The Voltaire upgrade, the next step in Cardanos roadmap, is slated to happen later this year. Cardano now intends to create a completely decentralized blockchain with Voltaire. As a result, the blockchain will no longer be dependent on Input Output Global (IOG), the creator of Cardano, like other proof of-stake networks.
Also read: Cardano Massive Upswing On Horizon ADA Price To Surge Above $0.75 In Coming Weeks
The price of ADA has consistently increased over time whenever there has been a new Cardano development. The price of ADA had increased to a new all-time high of $3.10 in the case of the Alonzo Upgrade, which enabled the blockchain to support smart contracts.
ADA is set up for a rally towards $0.5 if the bulls prevail and if history repeats. If the digital asset falls below $0.35, that would spark a rapid decline to $0.3, which would be the lowest point since $0.3.
Related: Cardano Price Prediction 2023, 2024, 2025: Will ADA Coin Price Rebound In 2023?
Since the blockchains major development conference in Scotland in November of last year, the Age of Voltaire has been hinted at, and new Voltaire-related events are still happening this year. For instance, a unique Voltaire workshop on community-driven government was held from February 28 to March 1. And on March 24, IOHK provided more information about what Voltaire will contain.
Read the original:
If History Repeats, Cardano (ADA) Price Will Reach ATH Very Soon ... - Coinpedia Fintech News
California Governor Gavin Newsom Is Giving the Crypto Industry … – Jacobin magazine
This past September, Democratic California governor Gavin Newsom vetoed a bill that overwhelmingly passed both chambers of the California legislature and would have delivered rules and transparency to the states burgeoning and largely unregulated cryptocurrency industry.
The move came after the crypto industry spent more than$400,000 on lobbying effortsand representatives from the Bay Area tech giant Salesforce lobbied Newsom directly on blockchain technology and other industry matters and treated him toa swanky dinner, according to lobbying disclosures.
This wasnt the only time Newsom refused to crack down on crypto operations, even in the face of mounting industry scandals and imploding crypto firms. Last December, Newsoms office published a largely glowingreporton cryptocurrencies crafted mainly by tech and venture capital interests including several crypto companies facing lawsuits and enforcement actions.
Last month, the governors office did not find it necessary for anyone to attend an oversight hearing by California lawmakers on cryptocurrencys recent effects on the state the same day that Newsom found the time toattend a frothy press conference with Elon Musk.
And earlier this month, Newsomlobbiedthe Biden administration for abailout of Silicon Valley Bank, one of themain financial institutions for Silicon Valleys largest investors. He didnt, however, disclose the fact that he and his wife, Jennifer Siebel Newsom, are both clients of Silicon Valley Bank, according tothe Intercept.
These developments are just the latest example of how Newsom appears to be letting Big Tech and Wall Street interests dictate Californias approach to reining in cryptocurrency, at the expense of consumer protection.
Newsom, often seen as a future Democraticpresidential candidate, has the potential to have California set the standard on crypto regulations, much like it has done with vehicle emissions. California is the most populous state in the country, the soon-to-befourth-largest economyin the world, and home to more than 20 percent of all blockchain and crypto companies in North America.
Now California assemblymember Tim Grayson (D), author of the previously vetoed crypto bill, has proposed new legislationto regulate the crypto industry. The bill aims to license crypto exchanges operating in California by 2025, require companies to issue financial stability reports, and ban unbacked stablecoins.
Stablecoins are a digital currency designed to have a one-to-one value with a common currency like the dollar. Unbacked stablecoins, on the other hand, rely on a convoluted system of algorithms for their value.
Its clear that licensure is the next natural step for this industry, and it is equally clear that until we take that step, Californians will continue to be vulnerable to prevalent and preventable financial scams, Grayson said in astatementannouncing the new legislation.
If the California legislature passes the bill, Newsom may again be put to the test: Will he sign a bill that offers basic consumer protection, or once again do the bidding of his friends in Big Tech?
Newsoms office did not respond to a request for comment.
Cryptocurrencies are essentially unregulated digital money or assets that can be bought and sold on exchanges similar to virtual stock markets. Blockchains are an open-source digital ledger technology used to track the cryptocurrency transactions.
The lack of regulations on crypto allows for a bevy of scams such as pump and dump schemes, which involves creating excitement around a certain cryptocurrency and selling it while the prices are high,as well as the selling of blatantlyfake products.
Crypto also requires a ton of electricity. Bitcoin, for example, utilizes proof of work, a blockchain technology that uses large amounts of electricity to solve increasingly challenging math problems.
In May 2022, Newsom issued an executive order aimed to promote research into blockchains and set California crypto policy in line with aBiden administration order that sought to establish consumer protection, promote financial stability, and research the creation of a US-run digital currency.
Newsoms order directed a number of government agencies to collaborate on a report looking at the effects cryptocurrency has had on the economy and how cryptos underlying technologies could be used by the government.
Really excited to see [California] taking the initiative on blockchain policy to protect consumers, provide oversight, and help grow the economy. Excited to work with @GavinNewsom on this!tweetedsince-disgracedfraudster Sam Bankman-Fried, who led the now-defunct crypto exchange FTX.
Despite the fact thattwo major cryptocurrenciesimploded within days of Newsoms order and a crypto exchange utilized by48,000 Californianssoon went bankrupt, the subsequentreport, released in early December, ended up being largely a spin piece for the crypto industry.
Of the forty-seven attendees who took part in ten roundtable discussions for the report, only six attendees were dedicated to consumer protection, according to a list of attendees provided by Californias Department of Financial Protection and Innovation. Of the remaining forty-one attendees, thirty-seven came from tech, crypto, and venture capital companies.
A number of the participants represented crypto companies facing lawsuits and federal enforcement actions.
There wasKraken, which was fined by the Treasury Department in November 2022 for facilitating sanctions evasion;Gemini, which the Securities and Exchange Commission (SEC) charged this January for unregistered securities offerings and sales; Ripple, which the SEC also charged with unregistered securities offerings in December 2022; andSilvergate Bank, which collapsed on March 9 and isallegedly facing a Justice Department investigationdue to its role in facilitating transactions between FTX and Alameda Research two companies run by Bankman-Fried.
Also in attendance for the roundtable discussions wereHUMBLE, Inc., which is facing a lawsuit for making materially false and misleading statements to its clients; BlockandOpenSea, which are facing lawsuits for security breaches; andPayPal, which is being sued for seizing customer assets without notice. One roundtable attendee suggested California can destigmatize crypto by promoting a greater understanding in the public sphere, the report states, essentially recommending that the state help launder cryptos poor reputation.
The resulting report briefly acknowledged the need for regulation, scams associated with cryptocurrencies, and how marginalized groups that are traditionally underserved by the banking system have fallen victim to hacks, scams, fraud, and product collapses.
But instead of detailing policy recommendations for consumer protections, the report directed Californias Department of Financial Protection and Innovation to educate Californians on how to not get scammed and train its staff who engage with consumers on how best to seek redress.
Newsoms report also acknowledged the environmental impacts associated with blockchain technology. But instead of legislative or regulatory remedies, the report simply recommended encouraging more environmentally efficient blockchain technologies and environmental protections and making consumers aware of the environmental impacts and . . . any claims of clean energy use and carbon offsets.
Such an approach doesnt directly combat the massive carbon footprint of cryptos proof-of-work processes and relies solely on the consumers environmental values, said Jeremy Fisher, a senior advisor at the Sierra Club, who took part in one of Newsoms roundtable discussions.
I understand California is interested in not wanting to stifle innovation, but even from the parties that were part of our roundtable who are interested in innovation, they were very clear that the idea of proof of work . . . was not really something that was in Californias interest, Fisher told us.
Consumer advocates were disappointed in the report, arguing that innovation should not take precedence over basic protections.
This is not an area where we want to be behind, this is an area where California should be leading, said Robert Herrell, president of the Consumer Federation of California. [Crypto] is an industry in need of adult supervision, and right now it is not there.
Several of the companies that took part in the crypto report have donated generously to Newsoms political campaigns.
That included Cameron and Tyler Winklevoss, cofounders of Gemini, who donated $116,000 to Newsoms first gubernatorial run in 2018, according to state disclosures. Brad Garlinghouse, CEO of Ripple, donated $20,000 to Newsoms 2018 campaign as well. OpenSea also donated $10,000 to Newsoms 2022 gubernatorial run, according to state disclosures.
Newsom, in fact, has a long history of being cozy with Big Tech, dating back to his time as San Franciscos mayor, whenhe spokeat major tech conferences. Later, when he served as the states lieutenant governor, Newsomrented spacein the Founders Den, a venture capitalist clubhouse in San Francisco, instead of using the state office provided for him.
Founders Den provides the kind of collaborative and creative atmosphere to foster new ideas not only for emerging new businesses, but government as well, Newsom said at the time.
One of the managing partners of Founders Den contributed $12,000, the maximum amount allowed, to Newsoms campaign for lieutenant governor,accordingtoSFGate.
In 2014,Newsom accepted political donations in Bitcoinduring his run for lieutenant governor. The state made it anofficial policyallowing politicians to accept all cryptocurrencies as donations in 2022.
More recently, as governor, Newsom signed multiple no-bid contracts with tech and health care companies during the COVID-19 pandemic. The vast majority are Newsom supporters and donors who have contributed more than $113 million to his political campaigns and charitable causes, or to fund his policy initiatives, since his first run for statewide office in 2010,Kaiser Health Newsreported.
In 2021, the Bay Area tech behemoth Salesforce won a contract to help create MyTurn, theextremely unpopularwebsite dedicated to helping Californians register for COVID-19 vaccines. It has cost the state at least$50 million. Salesforce is run by Marc Benioff, thegodfatherof Newsoms eldest son.
On May 18, 2022, in the lead-up to the California legislature introducing the crypto regulation bill that Newsom would later veto, representatives of Salesforcetreated Newsomto a $130 dinner.
The company also lobbied Newsommultiple timesonblockchain-related issues, according to state lobbying disclosures. Salesforce runs itsown blockchain servicethat allows for thestaking of ownership claims to digital art known as non-fungible tokens (NFTs) and constructing digital smart contracts.
Musk, the controversy-plagued tech magnate whom Newsom recentlylaudedfor bringing Teslas engineering headquarters back to Silicon Valley, has donated $28,300 to Newsoms campaign efforts since 2009, according to state disclosures.
Musk is also a crypto enthusiastand wants Twitter tostart processing paymentswith crypto as an option.
During the pandemic, he repeatedly hyped Dogecoin, a cryptocurrencycommonly referredto as a shitcoin, due to its over-reliance on Musk hyping the digital currency and its lack of value. Teslaaccepts Dogecoinas a form of payment, but thats more or less the extent of its use.
Amid the crypto markets turmoil this past summer, the California legislaturepasseda bill that would have required cryptocurrency companies to seek licensure with the state, much like New YorksBitLicenseprogram. The bill would have also banned unbacked stablecoins and required financial stability disclosures from companies.
In letters of opposition to the bill, the Blockchain Advocacy Coalitionwrotethat the provisions lacked clear definitions needed to prevent the potential stifling of a nascent yet promising industry and that the bill could be a major deterrent for smaller companies in the industry that are unable to navigate such a lengthy, cumbersome and expensive compliance process.
Newsom seems to have agreed, vetoing the bill on September 23.
A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm, Newsom wrote in hisveto statement, adding that it would premature to adopt a licensing structure ahead of forthcoming federal actions.
Six weeks after Newsoms veto, crypto exchange FTX began to collapse, and with it federal legislation that was largely seen as awish listfor the crypto industry.
I remain frustrated by the administrations release of the executive order and its dismissal of the legislatures concerns, especially since those concerns have been proven correct time and again, said California assemblymember Tim Grayson, chair of the Assembly Banking and Finance committee, during a February oversight hearing looking into cryptos effects on the California economy.
The simple fact is California has not lived up to its reputation as a leader and we have failed to provide some basic consumer protections in this particular space, added state senator Monique Limn (D), chair of the Senate Banking and Finance committee.
Now, both Grayson and Limn are the lead authors of anew crypto licensing billthat is making its way through the legislature, and both seem to be undeterred by Newsoms lack of involvement with the legislation.
The legislature has received no significant engagement on this topic, nor have we seen any crypto-specific regulations proposed, Limn said during the hearing. While I would have liked to have seen the governors office participate in this conversation, we will do our best to understand the administrations support and approach.
Excerpt from:
California Governor Gavin Newsom Is Giving the Crypto Industry ... - Jacobin magazine
Tokentus investment AG invests USD 300,000 in Hydra Ventures, one of the first Investment DAO Fund-of-Funds in the Web3 Space – Marketscreener.com
EQS-News: tokentus investment AG / Key word(s): Investmenttokentus investment AG invests USD 300,000 in Hydra Ventures, one of the first Investment DAO Fund-of-Funds in the Web3 Space
04.04.2023 / 07:30 CET/CESTThe issuer is solely responsible for the content of this announcement.
tokentus investment AG invests USD 300,000 in Hydra Ventures, one of the first Investment DAO Fund-of-Funds in the Web3 Space
Frankfurt am Main, 4 April 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; Code: 14D), based in Frankfurt am Main, Germany, is investing USD 300,000 as a limited partner in Hydra Ventures (Hydra, http://www.hydraventures.xyz), what tokentus believes to be the first global investment DAO fund-of-funds. DAO stands for Decentralised Autonomous Organisation, which implements its governance entirely via blockchain technology and smart contracts. In this USD 10 million funding round, tokentus is investing alongside well-known co-investors such as 1kx, ConsenSys, Mesh, CMT Digital, Polygon, NEAR, Seed Club and MetaCartel Ventures.
Hydra invests globally in several thematically specialised investment DAOs, which have their respective investment focus in the areas of Web3, P2E, DeFi, Cross-Chain, Music, Metaverse, digital IP, as well as DeSci.
At the same time, Hydra is also an investment DAO (hence the description via the term investment DAO fund-of-funds). The initiators of Hydra are industry experts, including 1kx, MetaCartel Ventures, The LAO, Flamingo DAO, Seed Club, Orange DAO, Punk DAO or ReadyPlayer DAO.
"With this investment in Hydra, we believe we are at the forefront of development and execution when it comes to investments in Web3 and blockchain-related companies. DAOs can be an essential form of investment in the future. As tokentus, we want to be part of this development from the very beginning," explains Oliver Michel, CEO of tokentus investment AG.
The governance structure of Hydra as an investment DAO offers its members the opportunity to actively participate in the day-to-day business, management, and organisation of the DAO and thus to directly influence the risk-reward profile. Members who actively participate in dealflow, marketing, due diligence or technical support receive additional shares as an incentive and reward for doing so and can thus increase the overall value of their investment in Hydra over time. "This is specifically an aspect that can be very interesting for tokentus as an active investor," says Benedikt Schulz, Investment Manager of tokentus, describing the potential role of tokentus in the interaction with Hydra.
"Due to the involvement in Hydra, tokentus has access to many more deals globally, which tokentus can further invest in as a co-investor, should they be in line with our investment thesis. We want to take advantage of these potential opportunities," adds Mona Tiesler, Investment Manager at tokentus.
About tokentus investment AGtokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.
With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures. Thus shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.
For further information see: http://www.tokentus.com
DisclaimerThis publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the "Shares") may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of "U.S. persons" (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). The securities have already been sold.
Contact for queriesOliver MichelCEO der tokentus investment AGTel: +49 175 7222 351contact@tokentus.comwww.tokentus.com
04.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at http://www.eqs-news.com
Go here to see the original:
Introducing DogeFarm: The Pioneering Decentralized Real Yield … – GlobeNewswire
Fairbanks, AK, April 03, 2023 (GLOBE NEWSWIRE) -- Today, DogeFarm announced the launch of its decentralized Real Yield platform on zkSync, a Layer 2 scaling solution backed by ZK rollups and Optimistic rollups. With the mission to empower "farmers" to transform their idle assets into a steady stream of passive income, DogeFarm offers higher APY, lower gas fees, and no active management required.
Built on the belief that innovation never rests, DogeFarm offers a diverse choice of investment opportunities through the integration of multiple Liquidity Pools (LPs) and Automated Market Makers (AMMs), all controlled by rigorously audited smart contracts. Thus, investors can rest assured that their assets are secure on the platform. As a further sign of their commitment to security, DogeFarm ensures that users maintain control over their digital assets, giving them the flexibility to invest in opportunities that align with their goals and aspirations.
DogeFarm is staying ahead of the curve in the rapidly evolving DeFi landscape is one of the company's core values. They intend to maintain this culture by building a bridge between zkSync and the DOGE coin network, unlocking new avenues for growth and prosperity for their users. With the passion for innovation that the team behind DogeFarm has, users can rest assured that the platform will continue to stay ahead of the curve in the DeFi landscape.
"We are excited to launch DogeFarm on zkSync, and we believe it will make a significant impact on the DeFi space," said the CEO of DogeFarm. "We strongly believe that our platform offers the best investment opportunities for farmers out there, and we aim to provide an unparalleled user experience."
DogeFarm is built to meet the needs of both sophisticated and novice farmers, with an intuitive user interface that caters to the distinct needs of each of these groups. This user-friendly interface makes it easy to manage portfolios and monitor investments.
DogeFarm's liquidity pools are designed to mitigate risks, and the platform is designed to handle a variety of asset classes, offering access to the most popular coins in the crypto-verse. DogeFarm also plans to offer staking and governance tokens on its platform to further incentivize participation in the community.
DogeFarm sets the gold standard for yield strategies, and it is dedicated to being a leader in the space. The platform combines a wide range of investment opportunities with world-class security measures to offer an unparalleled user experience. DogeFarm takes pride in its innovations, and its team of experts is dedicated to staying ahead of the curve in a rapidly changing DeFi space.
In conclusion, DogeFarm represents a bold step forward in the DeFi space. Its groundbreaking platform is built on innovation, security, and a user-friendly interface. DogeFarm makes the promise for a better financial future for farmers, and the team is excited to help users reap the rewards of transforming their idle assets into a stream of passive income.
For more information about DogeFarm and its Decentralized Real Yield platform, visit their website at https://dogefarm.dog/
Website: https://dogefarm.dog/
Telegram: https://t.me/dogefarmofficial
Twitter: https://twitter.com/DogeFarmZK
Medium: https://dogefarmzk.medium.com/
Read more:
Introducing DogeFarm: The Pioneering Decentralized Real Yield ... - GlobeNewswire
Trouble for the new crypto of Arbitrum – The Cryptonomist
Arbitrums new ARB crypto is not doing very well.
Leaving aside what happened on launch day, the initial price good enough to be taken as a reference would seem to be $1.4, which is the price it had stabilized on after the very strong initial rise and fall due to a lack of supply.
Until 1 April, the price of arbitrum crypto had remained around that threshold, but in recent days it has fallen all the way below $1.15, only to rise again to around $1.2.
These are still levels above the $1.13 of 28 March, though yesterdays descent was due to technical problems.
There are even those who speak of a real scandal over what happened.
It all happened just in the last couple of days, when the Arbitrum Foundation, which launched the ARB governance token and is actually the undisputed leader of the Arbitrum DAO, launched a ratification vote on decisions it had already implemented. These included sending nearly $1 billion in tokens to itself.
The fact is that the decision to self-assign tokens worth $1 billion had sparked real anger in the community revolving around the DAO itself, not least because the Arbitrum Foundation is for all intents and purposes a centralized corporation, charged with promoting the self-described decentralized Arbitrum ecosystem.
Indeed, what has happened in recent days casts serious doubt on whether the Arbitrum ecosystem is truly decentralized, and the ratification vote only underscores how the governance of the DAO is far from clear.
Later the foundation itself also had to declare that it will break the controversial governance package it is trying to introduce into a series of separate votes.
It is important to keep in mind that within a crypto DAO, the votes do not represent the people who vote, but the amount of governance tokens that the voters own and use to vote.
Thus it is enough for a single individual to vote with a very large number of tokens to be able to control or influence the final outcome of the vote at will.
Despite this, the Arbitrum community seems to be able to fight back and impose corrective strategies on the foundation that might actually succeed in balancing its enormous power in the DAO.
The real scandal lies in the fact that the foundation apparently had already transferred some of the tokens even before the vote that was to approve their transfer was concluded.
In fact, the Arbitrum Foundation probably considered that vote a mere formality, yet instead the vote was negative.
So the foundation was not able to force or control the outcome of the vote, but would still have been able to move a significant amount of tokens without the approval of the DAO.
This affair has clearly highlighted that the Arbitrum crypto project calls itself decentralized, when in fact it is only partially so.
The DAO does indeed appear to operate in a decentralized manner, although within it the foundation probably has significant power.
At this point, one doubts that it is actually the DAO that has sole power over the evolution of the Arbitrum ecosystem. From this point of view, it would seem that the real power lies in the hands of the foundation.
As if that were not enough, TrustCheck reported that during the Arbitrum airdrop there were more than 400 sites in circulation trying to scam users interested in the airdrop.
Arbitrum had absolutely nothing to do with these scam attempts, but the high number shows that the current situation is far from straightforward.
TrustCheck is a Google extension that detects smart contract scams, and it found at least three scammy smart contracts that were trying to exploit the Arbitrum airdrop news. According to their analysts, more than $20,000 in ETH was stolen, as well as other unspecified amounts in MATIC, LINK, DAI, USDC and other tokens.
However, it is worth mentioning that these dynamics are actually not at all anomalous within the vast world of DAOs. Scandals like this should not happen, but they do indeed occur, and not even that infrequently.
This is probably why the price of the ARB token has suffered very little from this scandal.
Taking as a reference the $1.4 of 24 March, on the following day the price of ARB touched its highest value for this period, excluding that of the initial day, at a high above $1.53.
In the following days, it fell first to $1.2, and then to $1.13, which constitutes the lowest peak for now if we exclude the $1.11 touched very briefly on the launch day.
So the 20% descent in the last two days that has brought the price back below $1.2 is not all that surprising, because it could also seem merely a trivial reverse rebound after returning above $1.4 in late March.
If a scandal such as the one just highlighted was not able to produce new lows, only four days after the previous lows, it means that the markets did not care that much about this inconvenience, perhaps because investors in ARB have already previously priced in similar risk.
However, it remains to be seen whether this problem was just a single event, or whether it is a symptom of some broader and deeper problem that could cause other similar mishaps in the future.
It is worth noting that Arbitrum is by far one of the most widely used layer 2s on Ethereum.
See the rest here:
Oriental Overseas Insurance Company: Committed to Building a … – Digital Journal
PRESS RELEASE
Published March 31, 2023
Oriental Overseas Insurance Company, a renowned international maritime logistics insurance company, has been steadfastly committed to building vital security channels for global trade since its inception. In 1947, Mr. Dong Haoyun, known as the "Ship King," founded the Oriental Overseas Group, embarking on its glorious journey. In 2018, with the acquisition of Oriental Overseas Group by COSCO Shipping Holdings and Shanghai International Port Group, Oriental Overseas Insurance quickly rose to become one of the world's largest international integrated container shipping and maritime logistics insurance companies.
Oriental Overseas Insurance has always been dedicated to providing high-quality services to customers in various fields, such as international transportation and logistics, container terminal operations, property investment, securities investment, and maritime insurance. Particularly in the core insurance business, the company has won the trust and praise of numerous customers thanks to its outstanding service quality.
In recent years, with the advent of the Web3.0 era, blockchain technology and smart contracts have become hotspots for technological innovation. Oriental Overseas Insurance closely follows the development trends of the times, taking innovation as the core driving force, and actively explores the application of blockchain technology and smart contracts in maritime insurance business. By building a completely decentralized maritime insurance platform, Oriental Overseas Insurance Company is committed to innovating digital industry chain models and providing protection for customers facing various risks in international trade logistics.
Utilizing blockchain technology, Oriental Overseas Insurance Company can ensure the security of customers' personal information and achieve identity verification. Meanwhile, smart contracts will automatically handle investment returns, significantly reducing the risk of manual operations. Consequently, insurance product coverage and returns will no longer be restricted by time and location, allowing users to access platform services anytime, anywhere.
Oriental Overseas Insurance Company firmly believes that the future of the maritime insurance industry will be more transparent, intelligent, and efficient. To this end, the company will always adhere to innovation, providing better services and protection for customers. Looking forward to the future, Oriental Overseas Insurance Company will continue to uphold the service philosophy of "people-oriented, customer-centric, and quality-driven excellence," growing together with customers and constantly improving service quality and customer experience. Facing global customers, the company will strive to provide diversified and intelligent services, meeting the needs of different customers while strengthening communication and cooperation with global partners, working together to create a bright future for the maritime insurance industry.
In this rapidly developing era, Oriental Overseas Insurance Company always maintains its original intention, remembers its mission, and diligently practices its philosophy and vision. With the power of cutting-edge technology, Oriental Overseas Insurance Company bravely ventures into new areas, bringing more secure and convenient insurance services to global customers, further consolidating its leadership position in the international maritime insurance field.
Media ContactCompany Name: Oriental Overseas InsuranceContact Person: JockEmail: Send EmailCountry: HongKongWebsite: https://www.orientaloverseas.com
Go here to see the original:
Oriental Overseas Insurance Company: Committed to Building a ... - Digital Journal
How ChatGPT is Revolutionizing Smart Contract and Blockchain – Techopedia
Introduction
The advancement of Artificial Intelligence (AI) has revolutionized various industries in recent years. ChatGPT, a large language model developed by OpenAI, is one of the latest AI innovations that can potentially transform how we think about smart contracts and blockchain technology.
Smart contracts are self-executing contracts that use blockchain technology to automate the execution of contract terms. In contrast, blockchain technology is a decentralized digital ledger that records transactions securely and transparently. ChatGPTs AI capabilities can enhance the accuracy and efficiency of smart contract execution, improve smart contract coding, enhance blockchain security, and aid in analyzing and interpreting large amounts of data for blockchain applications.
This article will explore how ChatGPTs AI is changing smart contracts and blockchain technology, providing specific examples of its application and demonstrating its potential impact on these industries.
Smart contracts are designed to automate the process of contract execution, ensuring that contractual terms are met without the need for intermediaries. ChatGPTs AI capabilities can automate and optimize smart contract execution in several ways.
Firstly, it can be used to streamline the process of contract creation by assisting in the development and testing of smart contract codes. Also, ChatGPT can help developers write more efficient and error-free code, reducing the likelihood of bugs and other issues.
Secondly, ChatGPTs AI can be used to automate the process of contract execution. By analyzing and interpreting the data generated by smart contracts, ChatGPT can help identify potential issues or errors in the contract code, alerting developers to take corrective action. This can reduce the time and effort required to manually monitor smart contracts, improving the speed and accuracy of contract execution.
Thirdly, ChatGPTs AI capabilities can optimize smart contract performance by analyzing contract data and identifying patterns and trends. This can help improve the efficiency of contract execution by identifying areas where the contract can be optimized, such as reducing gas fees or improving the execution speed.
Smart contracts are coded using programming languages such as Solidity, which is specifically designed for writing smart contracts on blockchain platforms such as Ethereum. Other programming languages, such as Python, JavaScript, and C++, can also be used for smart contract coding.
However, coding smart contracts can be complex and error-prone, as even small mistakes in the code can have significant consequences. This is where ChatGPTs natural language processing capabilities can come in handy. With ChatGPTs AI, developers can write smart contract code in natural language, which can help reduce errors and improve the efficiency of the coding process.
For example, ChatGPTs AI can help developers quickly identify potential issues with their code by analyzing natural language inputs and suggesting improvements or corrections. This can help improve the accuracy of the code and reduce the risk of costly errors.
Blockchain technology has emerged as a highly secure and transparent way to store and transfer digital assets. However, blockchain is not immune to security threats as with any technology. Some common security threats that blockchain technology faces include: Hacking and Cyberattacks, Insider threats, and 51% Attacks.
ChatGPTs AI can help prevent and mitigate these threats in a number of ways. For example, ChatGPT can analyze network traffic and detect unusual activity, such as suspicious transactions or attempted hacks. It can also monitor social media and other sources to identify potential threats, such as discussions of vulnerabilities or attacks. Additionally, ChatGPT can use machine learning to identify patterns of behavior that may indicate an insider threat and alert administrators to take action.
Blockchain technology can potentially revolutionize supply chain tracking and other data-intensive applications. By creating an immutable, decentralized ledger of transactions, blockchain allows for secure and transparent tracking of goods and information across various industries.
However, managing and analyzing the vast amounts of data generated by these applications can be daunting. This is where ChatGPTs AI can be particularly useful. As a language model trained on vast amounts of data, ChatGPT can help analyze and interpret this data in real-time, allowing for more accurate and efficient tracking and management.
For example, in the supply chain industry, blockchain technology can track the movement of goods from the point of origin to the final destination. This generates a huge amount of data, including information about product quality, shipping times, and inventory levels. ChatGPTs AI can analyze this data, identify patterns and trends, and provide real-time insights that can help optimize supply chain operations.
The United Nations is also exploring the use of blockchain and AI to improve data management and analysis in humanitarian and development projects. By using ChatGPTs AI to analyze data from these projects, the UN can better understand its programs impact and identify areas for improvement.
In conclusion, ChatGPTs AI capabilities have the potential to revolutionize the way we think about smart contracts and blockchain technology. By streamlining and automating smart contract execution, enhancing smart contract coding accuracy and efficiency, improving blockchain security, and enhancing blockchain data analysis, ChatGPTs AI can make these technologies more efficient, secure, and accurate. While there are certainly challenges and limitations to be addressed as well, the integration of ChatGPTs AI into smart contracts and blockchain technology represents an exciting frontier in the development of these technologies. As we continue to explore the possibilities of ChatGPTs AI, we can look forward to a future in which smart contracts and blockchain technology are more efficient, secure, and powerful than ever before.
See the article here:
How ChatGPT is Revolutionizing Smart Contract and Blockchain - Techopedia
Smart Contracts Deployed on Ethereum Have Plummeted 66 … – BanklessTimes
Ethereum's blockchain has seen a significant drop in deployed smart contracts over the past few months. According to a recent report from BanklessTimes.com, the number of smart contracts deployed on Ethereum dropped 66% from January to February 2023, plunging from 1,276,182 to 438,184.
This downward trend began in December last year and showed no sign of slowing. Then the deployed contracts stood at 1,880,613 after falling from 1,893,883 seen just a month before.
The implications of the declining smart contract deployment on Ethereum are numerous and far-reaching. As the leading platform for decentralized applications, a decrease in activity could hurt its further development and growth.
The most notable effects could be in terms of reduced adoption, both by developers and end users. With the creation of fewer new projects or reduced maintenance of existing projects, developers may be unwilling to use Ethereum as their blockchain platform of choice. That could lead to less investment and slower growth for the entire ecosystem.
According to Jonathan Merry, CEO of BanklessTimes:
The reasons behind the decline are varied. Firstly, the Ethereum blockchain is struggling to cope with its success. It's been one of the most successful projects in terms of user numbers and transaction volumes. As such, it's experiencing scalability issues that could make it difficult for developers to deploy new smart contracts.
Another contributing factor is the increasing competition among smart contract platforms such as Solana, Binance Smart Chain, and NEO. These alternatives offer faster speeds at lower costs than Ethereum both important considerations for developers when choosing which platform to use for their projects. As these competitors become more popular, more developers are likely to turn away from Ethereum in favor of more viable alternatives.
Additionally, there have been growing concerns about the security of smart contracts on Ethereums blockchain. Although it is still one of the safest platforms for such transactions, malicious actors have exploited vulnerabilities in some smart contract codes. Such incidents may have caused people to become warrier about using them in general and prompted a pullback from Ethereum-based projects.
Finally, the decline could also be due to the high transaction fees associated with Ethereums blockchain. As demand for transactions has increased over time, so too have gas fees which can make transactions prohibitively expensive for some users. This could also explain why people increasingly seek alternative blockchains for their smart contract needs.
See the rest here:
Smart Contracts Deployed on Ethereum Have Plummeted 66 ... - BanklessTimes