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WiMi Hologram Cloud to Build A MaaS Platform Based On … – Yahoo Finance

BEIJING, June 21, 2023 /PRNewswire/ --WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is exploring a new model to seize the opportunity in the market of industrial intelligence and personalization transformation. It is developing a new platform mechanism, Manufacturing as a Service (MaaS). Under this platform mechanism, the market can be broadly divided into production demanders and equipment providers. The platform's value can be realized through the use of production equipment and machines provided by different suppliers in the factory, by different demand sides.

For the demand side, personalized orders can be placed without purchasing large equipment, and for equipment providers, the use of equipment can be increased to generate more value. To achieve this pay-per-use business model, WiMi uses Distributed Ledger Technology (DLT) to establish decentralized trust and traceability. DLT can provide a secure and transparent way to track goods and transactions throughout the supply chain. DLT can provide an untameable record of all transactions in the supply chain, from raw materials to finished goods. This can help manufacturers track shipments, reduce fraud and errors, and improve transparency and traceability. The technology can create a tamper-proof record of quality control processes and inspection results, helping manufacturers ensure that their products meet required quality standards and regulatory requirements. DLT can automate contract execution and payment processes, reducing the need for intermediaries and increasing efficiency. WiMi is researching potential DLT technologies to efficiently and intelligently integrate DLT-based solutions in manufacturing environments, hoping to make it a common framework for DLT adoption in manufacturing, enabling collaborative shared manufacturing to reduce energy consumption and improve collaboration efficiency.

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WiMi's DLT-based MaaS platform includes four parts.

Distributed ledger system

This component includes all the modules that build the various functions of the DLT, such as consensus, smart contract, data authorization, identity management, and peer-to-peer (P2P) communication. These components ensure that every change to the ledger is reflected in all replicas and provide mechanisms for securely storing data generated by IoT devices and parameter configurations. DLT with different features may target different target applications. DLT nodes can be located anywhere and connected to base stations via the Internet.

Physical host

The component consists of industrial robots, devices, and IoT sensor devices that collect data and publish it to a distributed ledger for statistics and analysis.

Plant edge node system

DLT-based solutions provide necessary countermeasures to protect data from tampering and support the distributed nature of the IoT, but the large amount of data generated by sensors and the high energy consumption required to verify the exchange make these programs unsuitable for direct execution on resources. Layout edge servers with high computing resources can process real-time applications and improve privacy (e.g., cloud computing). The Edge network is a potential entity that can cooperate with the DLT network in computationally heavy tasks and return the estimation results (e.g., from resolution proof of work, hashing, or algorithmic encryption) to the DLT network for validation.

External Services

Equipment in manufacturing environments is often resource-constrained, with limited storage space and low computing power. Therefore, external infrastructure running at the edge can be consolidated to provide external services, such as storage and computing. For example, the Interplanetary File System (IPFS) is a distributed file storage system that stores data generated from the IoT network and returns hashes to the ledger based on the content of the data. Since the ledger cannot handle and store the vast amount of manufacturing data collected by sensors, machines, and robots, the services provided by IPFS are an essential component, and IPFS can be privately configured in a local cluster. Moreover, because of the natural advantages of the technology, payment channels can be applied to shared manufacturing. Specifically, a payment channel is a process in which customers can make multiple transfers with plant operators, for example, without sending transactions to the DLT. Once a final transaction occurs between participants, the recipient can access the funds by submitting a last transaction to a smart contract on the ledger. This allows both parties to avoid the costs involved in multiple transactions. Smart contracts can be agreements regarding lease times, specific tasks between the customer and the plant operator, or intelligent contracts created at the beginning of the payment process. In addition, digital identity management can be applied to support managing the identity of participant devices in a distributed manner.

WiMi believes that the general trend in industrial IoT now is to apply digitization and automation to cyber-physical systems in manufacturing plants. More intelligent devices with sensors and actuators will be integrated into industrial automation processes. At the same time, manufacturing plants are building local edge computing infrastructure to provide resources for advanced computing.

WiMi's MaaS platform lays the foundation for a technology framework for the next generation of Industrial IoT applications. The primary economic driver behind the development of this technology framework is increased production flexibility: smaller batches and more personalized products for customers. In a model like MaaS, manufacturing equipment can be utilized more flexibly. Numerous demand-side parties can rent and use machines from different suppliers in the platform. This can increase manufacturing plants' technical sophistication and require more excellent system reliability, intelligence, and trust during operation. This would be a genuinely collaborative industrial IoT in which devices in all types of manufacturing plants are ubiquitous and able to interact automatically and operate efficiently and safely at scale without human intervention.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forwardlooking statements. The Company may also make written or oral forwardlooking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20F and 6K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forwardlooking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Cision

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SOURCE WiMi Hologram Cloud Inc.

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This L1 network creates a secure and efficient interoperable network with Bitcoin, Ethereum and more – Cointelegraph

In a world of different blockchains, interoperability is becoming an increasingly important issue. While many solutions are already connecting the numerous chains, they dont come without risks.

Different layer-1 blockchains aim to solve this interoperability problem by creating a network with integrated bridges between chains and asynchronous message passing. Using a cross-chain bridge, its possible to move value from one chain to another. However, this raises several issues for developers and users. One major issue is the potential for bridge hacks, which have caused billions of dollars in damage in recent years.

In addition, a fragmented blockchain landscape leads to inefficiencies and complexity, exposing additional vulnerabilities. Trading across chains can be costly with rising gas prices and slippage risks. Whats more, bridging solutions can take anywhere from minutes to hours to get a transaction through.

Attacks on bridges account for 69% of total funds stolen in 2022. Source: Chainalysis

ZetaChain, a decentralized layer-1 chain, compatible with the Ethereum Virtual Machine (EVM), aims to make the blockchain industry more interoperable by natively supporting cross-chain bridging of assets, data and liquidity.

ZetaChains approach makes it possible to build omnichain decentralized applications (DApps) that allow users to access all of their assets and data from a single platform, regardless of the blockchain they were created or stored on. The increased interoperability and ability to create omnichain DApps could improve user experience, which could, in turn, benefit the adoption of blockchain technology in general.

Furthermore, ZetaChain not only supports smart contract chains like Ethereum but can also integrate non-smart contract blockchains like Dogecoin and Bitcoin using the cross-chain toolkit for developers. The network effectively allows for Bitcoin smart contracts giving developers the tools and infrastructure to merge their BRC-20 projects, for example. Overall, however, the network is blockchain agnostic.

Source: ZetaChain

ZetaChain is a new project and therefore is working hard to gain a foothold within the crypto industry. The project recently published its white paper, available in 17 different languages. The document highlights the focus on interoperability between chains and developers worldwide.

The blockchains testnet has attracted more than 1.5 million users from over 100 countries while its community continues to grow. In addition, ZetaChains social media channels have built a follower base of over 1.7 million people in the short time they have been live.

On the developer side, the momentum is visible as well. The project has partnered with many big names in the crypto industry, including an infrastructure provider for the BNB Chain ecosystem Ankr, blockchain security company Halborn, and bug bounty and security services platform Immunefi. DApp development ranges from decentralized exchanges (DEXs) to NFTs and universal and private identity platforms, all to expand the reach of the ecosystem.

Developers interested in building DApps on top of ZetaChain can apply for funding through the ZetaChain Grants Program. Hundreds of developer teams have already applied for this funding, hoping to receive a kick-start from the project.

A key aspect of ZetaChains mission is to grow with other networks rather than at their expense. Brandon Truong, chief product officer at ZetaChain, emphasized this aspect: ZetaChain is in a unique position as a new L1 that connects other chains agnostically. Instead of trying to steal liquidity and users from other ecosystems and chains, it can grow with them. The growth of ZetaChain goes hand in hand with the growth of crypto in general.

The projects founders began their journey by exploring the different types of architecture that exist to connect other chains. They quickly discovered many issues, from the aforementioned vulnerabilities to async messaging-based and centralized approaches. By developing an EVM-compatible layer-1 blockchain, ZetaChain aims to be a solution that works for users and developers while keeping security concerns in mind.

ZetaChain empowers developers to create easy-to-use DApps that onboard non-crypto natives to the crypto space. Moreover, the network allows developers to create DApps that are cross-chain by default and take out the unnecessary burden of reworking code to make a product work on several chains. With its comprehensive omnichain interoperability features, ZetaChain connects all blockchains, including non-smart contract chains, lowering the barriers to building cross-chain applications to interact with any chain.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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What Is Cardano (ADA)? Definition, Features, Use Cases, Future – Techopedia

What Is Cardano?

Cardano ($ADA) is a proof-of-stake (PoS) blockchaindesigned to be an alternative to the Ethereum blockchain as a platform for Web3 applications.

While Bitcoin and Ethereum launched using a proof-of-work (PoW) consensus protocol to validate transactions, Cardano uses the more energy-efficient PoS mechanism. Newer blockchains tend to use a version of PoS, and Ethereum made the transition from PoW to PoS in 2022. However, Cardano was one of the first and largest PoS-based blockchains.

Cardano developed the Ouroboros protocol, which is based on peer-reviewed research and evidence-based methods from a team of computer scientists and cryptographers at the University of Edinburgh, Tokyo University, and other institutions. The protocol allows the Cardano blockchain to scale sustainably without compromising security or energy efficiency.

While most cryptocurrency projects develop quickly, Cardano takes a slower approach with the aim of eliminating potential bugs and threats. However, this means its development process takes longer than its competitors.

The Cardano blockchain introduced support for smart contracts in 2021, four years after its launch. This has led observers to note that the project has been overtaken by newer blockchain projects that have developed faster.

Cardano was created by Charles Hoskinson, who left the Ethereum project following a dispute with co-founder Vitalik Buterin over commercializing the organization. Hoskinson co-founded the engineering company Input Output Hong Kong (IOHK) with Jeremy Wood to develop blockchains for corporations, governments, and educational institutions.

IOHK focuses on developing the blockchain. Singapore-based Emurgo is the projects commercial arm. Cardano Foundation aims to promote the blockchain ecosystem to encourage standardization and adoption among developers.

ADA is the blockchains native cryptocurrency coin. It facilitates transactions on the Cardano platform like the ETH token enables transactions on Ethereum.

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The Cardano blockchain is named after Italian mathematician Gerolamo Cardano, while the native ADA coin is named after Ada Lovelace, a 19th-century English mathematician who is often referred to as the worlds first computer programmer. $ADA is the symbol used for the coin on cryptocurrency exchanges.

$ADAs coin price history reflects the volatility of the cryptocurrency markets, climbing from a launch price of $0.02 to $0.997 in the 2018 crypto rally, dropping back to $0.02 in the subsequent crash, and then soaring to an all-time high of $3.10 during the 2021 market rally.

As the native Cardano cryptocurrency, ADA is used to pay the fees for each transaction on the blockchain. Holders can also stake their ADA coins to become validators (or delegate their stake to validators) to process transactions and help maintain the networks security in exchange for earning more coins as rewards.

With the adoption of decentralized governance, holders will also be able to use ADA to vote on changes and upgrades to the blockchain.

Cardanos Ouroboros PoS consensus mechanism uses a network of validators who stake their ADA coins rather than a system of miners that compete to solve a cryptographic problem in the way that PoW mechanisms operate.

The Ouroboros protocol chooses a winner based on the number of ADA coins each validator has staked in the pool and how long they have staked the coins. The winner validates the latest block of transactions, and other validators confirm that the block is accurate. The new block is then added to the chain once a certain number of attestations is reached.

All participating validators receive ADA as a reward in proportion to their stake. ADA holders that want to stake their coins but do not want to become validators can delegate their coins to a staking pool.

The Cardano blockchain has two layers:

This aims to enable the network to process up to 1 million transactions per second.

What are multi-layer blockchains?

Multi-layer blockchains have been developed as a solution to blockchain scalability, privacy, or interoperability issues. Also known as layered or hierarchical blockchains, they are a type of blockchain architecture that involves multiple interconnected layers, each serving a specific purpose or providing unique features.

Staking refers to the process of locking cryptocurrency coins or tokens to a blockchain network to validate transactions and produce new blocks. ADA on the Cardano blockchain represents a stake in the network.

Holders can run their own staking pool or delegate their coins to a staking pool run by a third party. The larger the stake that is delegated to a pool, the more likely it is to be chosen to produce the next block. Once the block is added to the chain, ADA rewards are shared between all of the holders with stakes in that pool.

Delegation allows ADA holders that do not have the ability or desire to run a node to assign the stake associated with their ADA to a staking pool and still receive rewards.

Investors can use delegated Cardano staking as a way to generate passive income from holding ADA without having to become validators.

The Cardano development roadmap was designed to be implemented in five phases known as eras. Each hard fork upgrade has brought to project into a different era, from Byron, Shelley, Goguen, and Basho to the final Voltaire era.

The Voltaire era will see decentralized governance determine the future direction of Cardanos development in terms of smart contracts, scalability, side chains, and other solutions.

The future of the Cardano blockchain will also be influenced by regulatory policy as well as the development of the network protocol and competition in the sector. While Cardano has billed itself as an alternative to Ethereum, the latter has a first-mover advantage and has implemented several upgrades that address some of the issues Cardano has been targeting, such as transaction speeds and processing fees. Other blockchains have also emerged as alternatives.

ADA coins future price will be determined by market sentiment as well as demand for the coin for use on the blockchain.

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Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency … – Innovation & Tech Today

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes, sketchy rollercoasters, youve come to the right place. So put on some soothing music and lets go!

Ethscriptions is a new platform that allows users to subscribe to Ethereum projects and receive exclusive NFTs in return. The platform aims to create a sustainable funding model for the Ethereum ecosystem, while rewarding supporters with digital collectibles.

The first project to launch on Ethscriptions is Ordinals, a generative art series that explores the mathematical beauty of ordinal numbers. Each Ordinal is a unique NFT that represents a different ordinal number, from zero to infinity. Users who subscribe to Ordinals will receive a new Ordinal every month, as well as access to a community of ordinal enthusiasts.

Ethscriptions is powered by Superfluid, a protocol that enables continuous and frictionless payments on Ethereum. Users can subscribe to projects with a single transaction, and cancel at any time. Ethscriptions hopes to attract more projects and users to its platform, and create a positive feedback loop for the Ethereum sphere.

The US government has announced the creation of a new task force to combat the growing threat of digital currency crime. The task force, which includes five federal enforcement agencies, will coordinate efforts to investigate and prosecute cases involving cryptocurrency fraud, money laundering, ransomware, and other illicit activities.

The task force, led by the Department of Justice will be called Darknet Marketplace and Digital Currency Crimes Task Force. The task force will include the FBI, the IRS, the Secret Service, and the Postal Inspection Service. According to the DOJ, the task force will leverage the expertise and resources of each agency to enhance the detection and disruption of crypto-related crimes.

However, some critics have questioned the need and effectiveness of the task force, arguing that it is a waste of taxpayer money and an attempt to stifle innovation in the crypto space. They claim that the task force will only create more confusion and uncertainty for legitimate crypto users and businesses, while failing to deter criminals who use more sophisticated methods to evade detection.

The US Securities and Exchange Commission (SEC) is reportedly planning to target stablecoins and decentralized finance (DeFi) platforms in its ongoing crypto crackdown. According to a report by Berenberg, a German investment bank, the SEC is likely to impose stricter regulations on these two sectors, which have grown rapidly in the past year.

Stablecoins are digital tokens that are pegged to fiat currencies or other assets, and are used to facilitate transactions and store value in the crypto space. DeFi platforms are applications that run on blockchain networks and offer various financial services without intermediaries.

Berenberg argues that stablecoins pose systemic risks to the financial system, as they lack transparency, oversight and adequate reserves. DeFi platforms, on the other hand, may violate securities laws, as they offer unregistered securities, lending and derivatives products to investors.

The report warns that the SECs actions could have a negative impact on the crypto market, as stablecoins and DeFi platforms account for a significant share of the industrys value and activity. The report also questions the innovation and efficiency benefits of these sectors, as they face scalability, security and governance challenges.

Etherscan, a popular blockchain explorer for Ethereum, has recently announced a new feature called Code Reader, which claims to use ChatGPT, a natural language processing model, to explain smart contracts in plain English. According to Etherscan, this feature will help users understand the logic and functionality of any smart contract on the Ethereum network, without requiring any coding skills or technical knowledge.

However, some critics have raised doubts about the reliability and accuracy of Code Reader, arguing that it is nothing more than a marketing stunt to attract more users and advertisers. They point out that ChatGPT is not a specialized tool for smart contract analysis, but a general-purpose chatbot that can generate any text based on a given input. They also warn that relying on Code Reader could expose users to security risks, such as phishing, scams, or malicious code.

Therefore, while Etherscans Code Reader may seem like a convenient and innovative feature, it may also be a potential source of confusion and deception for unsuspecting users.

NFTs, or non-fungible tokens, are digital assets that claim to be unique and scarce. One of the most popular NFT collections is the Bored Ape Yacht Club, which features 10,000 pixelated apes with different traits and accessories. The owners of these NFTs can access exclusive perks, such as a virtual clubhouse and a merchandise store.

However, some critics question the value and sustainability of these NFTs, which are essentially just JPEG files on a blockchain. They argue that the hype around NFTs is driven by speculation and manipulation, and that the market is prone to crashes and scams.

According to a recent report by Watcher.Guru, the average holding period for Bored Ape NFTs has increased by 176% in the past month, indicating that the demand and liquidity for these NFTs may be declining. This raises doubts about whether Bored Ape NFTs are worth holding or selling, and whether they are a fad or a future.

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Top 3 Cryptos Beyond Bitcoin: Exploring the Altcoin Universe – InvestorPlace

In the ever-evolving world of cryptocurrencies, the concept of altcoins is moving beyond its initial definition. In the early days, any crypto other than Bitcoin (BTC-USD) was deemed an altcoin. However, this concept has evolved significantly in the search for the best cryptos beyond Bitcoin.

At the moment, the landscape of crypto assets is experiencing exponential growth and expansion. Today, many coins and tokens offer diverse use cases that extend far beyond mere mediums of exchange. This sets them apart from being direct competitors to Bitcoin.

Nevertheless, without a more precise term, the general definition of an altcoin remains any crypto asset that is not Bitcoin.

To explore the vibrant ecosystem of cryptocurrencies, lets delve into three top altcoins, excluding stablecoins. This deliberate omission is due to the fact that stablecoins are designed to maintain a stable price and are generally not considered speculative investments.

In this ever-changing world of digital currencies, altcoins continue to emerge as powerful players, each with its unique attributes and potential. As the crypto market evolves, investors must explore beyond Bitcoin and unearth the promising altcoins that offer remarkable growth opportunities.

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Polkadot (DOT-USD) presents a unique combination of functionality and allure. This unique altcoin connects Ethereum (ETH-USD), Bitcoin, and other crypto networks, playing a crucial role in the promising Web 3.0 project.

As a result, Polkadot has become an enticing addition to any cryptocurrency portfolio, thanks to its recent market performance, expanding ecosystem, and key position in the crypto universe.

Additionally, the ultra-flexible ecosystem of Polkadot is experiencing rapid growth. It boasts over 750 full-time developers and a total of 2,000 developers actively engaged in various projects.

Polkadots Cross-Consensus Message Format (XCM) is witnessing growing adoption and an expanding range of use cases. This enables effortless connectivity and collaboration with diverse blockchains.

This showcases the platforms adaptability and resilience, evident through the successful execution of 19 upgrades without requiring a code base fork.

In addition, Polkadots interoperability-focused design, as part of the ambitious Web3 project, facilitates communication between different blockchains, creating a decentralized and user-controlled internet. With decentralized applications and services poised to reshape digital interactions, Polkadots role as a critical player in the Web 3.0 landscape grows increasingly significant.

The platform continues to attract promising projects, such as the KILT Protocol parachains partnership with Deloitte Consulting, expanding Polkadots use cases in the realm of reusable digital credentials.

Nevertheless, despite considering all these factors, Polkadots price is not significantly surging. The token has only risen by a modest 3.34% since the beginning of the year. In contrast, Bitcoin and Ethereum have experienced substantial gains of 61.87% and 44.63%, respectively.

When considering investments in cryptocurrencies, looking beyond trends and carefully evaluating assets based on their merits, potential, and long-term viability is crucial. Polkadot is a solid investment choice, providing a robust ecosystem, innovative projects, and a pivotal role in the Web 3.0 initiative.

Source: shutterstock.com/Shizume

Looking for the best cryptos beyond Bitcoin? Consider Algorand (ALGO-USD), a high-potential altcoin with tremendous growth potential.

Algorand, a Layer 1 blockchain founded by the esteemed MIT professor Silvio Micali, has garnered acclaim for its remarkable performance metrics as a proof-of-stake blockchain.

Algorand is one of the greenest blockchains worldwide, lauded for its sustainability. Furthermore, its recent upgrade has significantly boosted transaction processing speed to a remarkable 6,000 transactions per second, enhancing its efficiency.

Notably, Algorand has made waves in the crypto world with its pioneering efforts in quantum cryptography, further cementing its position as a forward-thinking blockchain platform.

While currently a lesser-known Layer 1 blockchain, Algorand has the potential for explosive growth. Furthermore, you can get this token incredibly cheaply. It has been on the decline since April. Everything started following its inclusion in a lawsuit filed against the cryptocurrency exchange Bittrex. Before the coin comes back to life, this is an ideal time to pounce.

Undoubtedly, Algorand is an undiscovered gem, poised to be recognized and valued for its innovative attributes and vast potential. As you search for the top altcoins to buy and the best cryptos beyond Bitcoin, dont overlook Algorand.

With its promising features and high potential, it emerges as one of the most promising altcoins for investment and one of the top cryptocurrencies besides Bitcoin. Keep a close eye on Algorand as it illuminates the crypto stage with its brilliance.

As you keep reading up on cryptos on this list, check out this piece as well. Unearth hidden opportunities in the cryptocurrency market with these seven undervalued gems. Discover the potential for explosive growth and consider adding them to your portfolio before they take off. Dont miss out on potential gains!

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Looking for the best cryptos beyond Bitcoin? Chainlink (LINK-USD) is a high-potential altcoin worth considering.

It operates as a decentralized blockchain oracle network that effectively connects on-chain and off-chain data.

In simple terms, Chainlink securely brings real-world data to other blockchains, ensuring reliable and trustworthy information for smart contracts.

Despite its official launch in 2017, Chainlink has recently undergone a notable resurgence.

Notably, Chainlinks partnership with Coinbase (NASDAQ:COIN) has paved the way for exciting possibilities in the NFT space. By providing pricing feeds for NFT collections, Chainlink enables real-time NFT indexes and innovative lending protocols using NFTs as collateral.

On a side note, Coinbase concerns are shaking up the crypto space. Find out which three cryptocurrencies might face challenges and potential setbacks due to these concerns. Stay informed and make wise investment decisions

Looking ahead, Chainlinks founder Sergey Nazarov envisions it as the AWS of Web 3.0, a powerful statement that underscores the platforms ambition.

Chainlink aims to fill the crucial gap in providing off-chain data for executing smart contracts across all blockchains. Imagine a future where Chainlink takes center stage, delivering those captivating football-themed Amazon Web Services commercials with real-time data feeds.

In summary, Chainlinks remarkable resurgence, strategic partnerships, and visionary leadership establish it as a prominent participant in the blockchain ecosystem.

As you search for the best cryptos beyond Bitcoin and promising altcoins for investment, keep a close watch on Chainlink. With its groundbreaking advancements in decentralized data integration, Chainlink has solidified its position as one of the top altcoins to buy and one of the high-potential cryptocurrencies besides Bitcoin.

On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

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Dogecoin x Ethereum: Elon Musk’s Interest Could Result in a 10x … – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

The world of technology and cryptocurrency was buzzing recently when Tesla and SpaceX CEO Elon Musk began following Ethereum founder Vitalik Buterin on social media. This may seem trivial on the surface, but given Musks influential role in the world of cryptocurrency and Buterins position as a leading blockchain developer, the move has captured significant attention from blockchain enthusiasts and financial analysts alike. Lets take a look at this Elon Musk and Ethereum article in more detail.

Elon Musk has a notable history of involvement in cryptocurrency. His comments, tweets, and decisions have had a considerable impact on the market. He once took Bitcoin to all-time highs by integrating Bitcoin payments for Tesla, only to later reverse the decision citing environmental concerns. Moreover, his vocal support for Dogecoin, a cryptocurrency initially started as a joke, significantly boosted the coins popularity and value.

Vitalik Buterin, the young Russian-Canadian programmer, co-founded Ethereum and has contributed substantially to its development. Ethereum is second only to Bitcoin in terms of market capitalization and is widely used for its smart contract functionality, which allows decentralized applications (DApps) to run on its network. Ethereum has made a name for itself as a platform for decentralized finance (DeFi), NFTs, and a host of other blockchain-based applications.

Musks latest social media activity has sparked speculation about whether he is considering Ethereum as a potential investment or business opportunity. Given Musks unpredictable relationship with cryptocurrencies, its hard to predict what his new interest in Ethereum might mean.

Musks electric vehicle company Tesla, for example, could potentially utilize Ethereums smart contracts to improve supply chain efficiency. On the other hand, he might simply be interested in the Ethereum 2.0 update, which aims to transition the Ethereum blockchain to a more energy-efficient proof-of-stake consensus mechanism, something that aligns with Musks green energy initiatives.

The conjecture around Musks interest in Ethereum could also be related to Dogecoin. Musk, the self-proclaimed Dogefather, has been a vocal supporter of Dogecoin. Earlier this year, he even announced a Dogecoin-funded lunar mission dubbed DOGE-1.

The Ethereum network has, in the past, been proposed as a possible solution for scaling Dogecoin and providing it with smart contract capabilities. The community-driven effort known as Dogethereum was a project that aimed to make these two blockchain networks compatible. If Musk is indeed planning something along these lines, it could lead to a resurgence of this initiative.

While Musks decision to follow Buterin on social media may seem inconsequential, the potential implications for the world of cryptocurrency are enormous given the influence these two figures wield. Whether Musk is simply keeping a close eye on a prominent figure in the blockchain space or has larger plans involving Ethereum (and possibly Dogecoin), his move adds another layer of intrigue to the ever-evolving world of cryptocurrencies.

As always, the world will continue to watch the actions of these influential figures with bated breath, anticipating their next moves in the dynamic and rapidly evolving blockchain and cryptocurrency landscape.

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Goshen Network’s Bitcoin EVM Layer Paves the Way for Cross … – Blockchain Reporter

Goshen Network, a leading blockchain platform, has made waves in the crypto community with the introduction of its revolutionary Bitcoin EVM layer. This breakthrough technology allows developers to leverage the Ethereum Virtual Machine (EVM) and build decentralized applications (dApps) directly on the Bitcoin network. The integration of the EVM into Bitcoin marks a significant milestone in the evolution of blockchain technology, unlocking new possibilities for innovation and interoperability.

Bitcoin, the pioneering blockchain known for its role in monetary transactions and value storage, has traditionally lagged behind Ethereum in terms of supporting dApps and smart contracts. However, Goshens Bitcoin EVM layer aims to change that by extending the capabilities of Bitcoin beyond its original purpose.

One of the key advantages of Goshens Bitcoin EVM layer is its compatibility with Ethereum. Developers can leverage their existing Ethereum-based tools, knowledge base, and programming languages, such as Solidity, to seamlessly build and deploy dApps on the Bitcoin network. This compatibility reduces the learning curve and enables developers to tap into Bitcoins security and scalability while utilizing the familiar Ethereum ecosystem.

The Bitcoin EVM layer offers a wide array of development tools and features, providing developers with a robust platform to scale their ideas. It supports all the popular APIs and Integrated Development Environments (IDEs) available on Ethereum, making the transition to Bitcoin EVM a smooth process for developers familiar with Ethereum development. This compatibility fosters innovation and encourages developers to explore new possibilities by leveraging the combined strengths of Bitcoin and Ethereum.

One of the standout features of Goshens Bitcoin EVM layer is its reliability and scalability. Built as an open-source, programmable platform, it caters to the needs of both decentralized applications and enterprise-level applications. This makes it an ideal choice for deploying and running dApps, providing a secure and efficient environment for developers and users alike.

The Bitcoin EVM layer also simplifies the process of contract function calls. Unlike traditional Bitcoin smart contracts, which require contract verification before function calls, Goshens Bitcoin EVM layer eliminates this step. Developers can directly call contract functions without the need for additional verification, reducing the development time and resources required for contract deployment and interaction.

To support developers deploying on the Bitcoin EVM layer, Goshen provides an officially supported block explorer. This feature allows developers to index and access blockchain data for debugging and analysis, providing valuable insights for their dApps.

The introduction of Goshens Bitcoin EVM layer brings forth a host of potential implications and opportunities. One significant outcome could be the rise of cross-chain dApps that operate seamlessly on both Bitcoin and Ethereum, leveraging the specific advantages of each network. This would lead to a more interconnected blockchain ecosystem, enabling users to access a wider range of applications and services.

Moreover, Goshens Bitcoin EVM layer opens up possibilities for the creation of hybrid financial instruments. By using Bitcoin as a store of value and implementing complex financial logic through smart contracts, similar to Ethereums DeFi applications, developers can unlock new avenues for innovation in the decentralized finance space.

Scalability solutions are another area that could be positively impacted by Goshens Bitcoin EVM layer. While Bitcoin has faced challenges in scaling due to its longer block time, developers may come up with innovative Layer-2 scaling solutions that leverage the Bitcoin EVM layers capabilities. These solutions could facilitate faster and more efficient off-chain transactions or computations, addressing the scalability concerns associated with building on Bitcoin.

The integration of Goshens Bitcoin EVM layer also has implications for interoperability standards. As developers create dApps compatible with both Bitcoin and Ethereum, the need for standardized cross-chain communication and asset transfers becomes apparent. This development could drive the establishment of interoperability standards, enhancing the overall blockchain ecosystems efficiency and connectivity.

However, it is important to acknowledge the challenges and limitations associated with Goshens Bitcoin EVM layer. As with any early-stage technology, there may be potential performance issues or unforeseen vulnerabilities that need to be addressed over time. Additionally, regulatory uncertainties and market acceptance may pose challenges for widespread adoption. A cautious approach, thorough testing, and continuous development will be crucial for the success of the Bitcoin EVM layer.

Overall, Goshen Networks Bitcoin EVM layer represents a significant step forward in the integration of Bitcoin and Ethereum technologies. By enabling the deployment of dApps and smart contracts on the Bitcoin network, Goshen unlocks new possibilities for developers, users, and the broader blockchain ecosystem. As this innovative technology matures, it has the potential to reshape the landscape of decentralized applications, cross-chain compatibility, and scalability solutions, ultimately driving the mainstream adoption of blockchain technology.

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Global Financial System Could Benefit from Unified CBDCs, BIS Says – Cryptonews

BIS building in Basel, Switzerland. Source: Adobe/doganmesut

A unified electronic ledger, combining central bank digital currencies (CBDCs) and other tokenized assets, has the potential to enhance the global financial system, according to a report by the Bank for International Settlements (BIS).

The proposed ledger would leverage automated smart contracts on blockchains like Ethereum to facilitate seamless transactions.

The current financial system relies on third-party messaging systems, such as SWIFT, leading to delays and incomplete views of actions.

The unified ledger, as envisioned by the BIS, would eliminate these inefficiencies, providing a single platform for central bank money, commercial money, and various assetsall tokenized and interacting.

The concept of combining smart contracts with tokenization was explained by the BIS in a video posted on Twitter:

In a press release, BIS's Head of Research, Hyun Song Shin, emphasized that a unified ledger would open up new possibilities by streamlining securities settlement processes and enabling tokenized deposits with built-in regulatory checks.

This could reduce trade finance costs, in particular for smaller companies, Shin explained.

The head researcher elaborated on the same concept in another video shared by the BIS, saying:

Currently, money and other claims reside in separate databases that are connected through third-party messaging systems, meaning that transactions need to be reconciled separately before being settled with finality.

He added that tokenization makes all this one seamless operation.

Notably, the implementation of a unified ledger for cross-border payments would require significant policy harmonization among jurisdictions.

The BIS report also highlighted the need for collaboration between central banks and the private sector to drive this project forward, with the private sector handling most customer-facing activities.

Moving forward, the BIS expects central banks and the private sector to come together under a public policy mandate to advance this initiative.

Shin emphasized the importance of collaboration between the official and private sectors, and indicated that there are ongoing discussions on this topic.

The new BIS report on unified CBDC systems came shortly after the same organization, in cooperation with the Bank of England (BoE), published the results of their Project Rosalind CBDC trial.

The trial examined over 30 different use cases that a well-designed CBDC could have and highlighted the potential CBDCs have for introducing programmability to money.

We believe that Rosalind can make a significant contribution to how organizations across the globe are thinking about and engaging with the design of retail CBDC systems, Francesca Hopwood Road, Head of the BIS Innovation Hub London Centre, said about the joint CBDC trial with the BoE.

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What to Do With Top 10 Tools on Boba Network? Cryptopolitan – Cryptopolitan

Description

Blockchain technology has revolutionized various industries by providing decentralized and transparent solutions. However, as its popularity continues to grow, scalability and performance have become major concerns. The Boba Network, a layer-2 scaling solution built on the Ethereum blockchain, aims to address these challenges. In this Cryptopolitan guide, we will explore the top 10 tools on Read more

Blockchain technology has revolutionized various industries by providing decentralized and transparent solutions. However, as its popularity continues to grow, scalability and performance have become major concerns. The Boba Network, a layer-2 scaling solution built on the Ethereum blockchain, aims to address these challenges.

In this Cryptopolitan guide, we will explore the top 10 tools on the Boba Network that enhance blockchain scalability and performance.

The Boba Network Explorer serves as a window into the blockchains activity, offering insights and transparency to users, developers, researchers, and other stakeholders. It displays information in a user-friendly and intuitive manner, making it easy to navigate and understand the networks performance.

Transaction Tracking: This feature enables users to monitor the progress and confirmation of their transactions on the Boba Network.

Block Explorer: The Boba Network Explorer allows users to explore blocks on the network. It displays information about the latest blocks, including block height, timestamp, block hash, and the number of transactions included in each block. Users can track the progress of block confirmations and verify the integrity of the blockchain.

Smart Contract Exploration: Users can access information about smart contracts deployed on the Boba Network. They can view contract addresses, contract code, and contract interactions. This feature enables developers to analyze smart contracts and verify their functionalities.

Network Statistics: The Boba Network Explorer provides real-time network statistics, such as the total number of transactions, the number of active addresses, block confirmation times, and network hash rate. These statistics offer insights into the networks performance, scalability, and overall health.

Address Monitoring: Users can track specific addresses on the Boba Network, allowing them to monitor the transaction history, balances, and activities associated with those addresses. This feature is useful for individuals and businesses that want to keep a close eye on their accounts or track specific addresses of interest.

The Boba Network Wallet is a software application or digital wallet designed specifically for the Boba Network. It allows users to securely store, send, and receive tokens on the network. Similar to other cryptocurrency wallets, the Boba Network Wallet provides a user-friendly interface for managing digital assets and interacting with the Boba Networks features and functionalities.

Token Storage: The Boba Network Wallet enables users to store their tokens securely. It generates and manages cryptographic keys, which are used to access and control the tokens associated with the users wallet address.

Token Transactions: Users can send and receive tokens on the Boba Network using the wallet. They can initiate transactions by specifying the recipients wallet address and the amount of tokens to be sent. The wallet facilitates the secure signing and broadcasting of transactions to the Boba Network.

Wallet Address Management: The Boba Network Wallet allows users to manage multiple wallet addresses within a single interface. This feature is particularly useful for individuals or businesses that want to separate and organize their token holdings or track different accounts.

Security Features: The wallet emphasizes security measures to protect user funds. It may include features such as encryption of private keys, backup and recovery options, and support for hardware wallets or other external security devices. These security measures help prevent unauthorized access and ensure the safety of tokens stored in the wallet.

User-Friendly Interface: The Boba Network Wallet offers a user-friendly interface that simplifies the management of tokens and the execution of transactions. It may include features such as transaction history, balance tracking, and customizable settings to enhance the user experience.

The Boba Network Bridge is a crucial component of the Boba Network ecosystem. It acts as a connection or gateway between the Ethereum mainnet and the Boba Network, enabling the seamless transfer of assets between the two networks. The bridge facilitates interoperability and enhances liquidity by allowing users to move tokens back and forth.

Depositing Assets: Users who hold tokens on the Ethereum mainnet can deposit them into the Boba Network Bridge. This involves sending the tokens from their Ethereum wallet to a designated address associated with the bridge.

Locking and Tokenization: Once the tokens are deposited, the bridge locks them on the Ethereum mainnet. This ensures that the deposited tokens are securely held and cannot be accessed or transferred while they are on the Boba Network.

Minting Tokens on the Boba Network: After the tokens are locked on the Ethereum mainnet, an equivalent representation of those tokens, known as wrapped tokens or bridged tokens, is minted on the Boba Network. These wrapped tokens mirror the locked tokens on the Ethereum mainnet and can be freely used within the Boba Network.

Utilizing Tokens on the Boba Network: With the bridged tokens on the Boba Network, users can utilize them for various purposes, such as engaging in transactions, participating in decentralized applications (dApps), or leveraging the networks scalability and performance benefits.

Withdrawing Assets: When users want to move their tokens back to the Ethereum mainnet, they initiate a withdrawal request on the Boba Network Bridge. The bridge verifies the request and burns the corresponding bridged tokens on the Boba Network.

The Boba Network Bridge plays a crucial role in promoting liquidity, facilitating seamless asset transfer, and maintaining a strong connection between the Ethereum mainnet and the Boba Network. It enhances the versatility and utility of tokens by enabling their fluid movement between these two interconnected networks.

The Boba Network SDK (Software Development Kit) is a collection of tools, libraries, and documentation that developers can use to build decentralized applications (dApps) on the Boba Network. It provides a comprehensive set of resources and functionalities to simplify the development process and enable seamless integration with the Boba Networks infrastructure.

Libraries and APIs: The SDK includes libraries and APIs that developers can utilize to interact with the Boba Network. These libraries provide pre-built functions and modules that abstract the underlying complexities of the networks protocols, allowing developers to focus on building their dApps rather than low-level implementation details.

Smart Contract Development: The Boba Network SDK may include tools and frameworks for developing smart contracts specifically designed for the Boba Network. It can provide a set of development and testing utilities, such as contract deployment scripts, unit testing frameworks, and debugging tools, to aid developers in creating and deploying secure and efficient smart contracts.

Integration with Existing Tools: The SDK may offer integration capabilities with popular development tools and environments, such as IDEs (Integrated Development Environments) and code editors. This allows developers to seamlessly incorporate the Boba Network SDK into their existing workflows and development environments, enhancing productivity and ease of use.

Documentation and Tutorials: The SDK typically includes detailed documentation, guides, and tutorials that provide developers with instructions on how to use the various components of the SDK effectively. It may cover topics such as setting up the development environment, interacting with the Boba Network APIs, and implementing specific features within dApps.

Testing and Debugging Support: The Boba Network SDK may provide tools and utilities for testing and debugging dApps built on the Boba Network. This can include features like automated testing frameworks, network simulation tools, and logging and debugging facilities to help developers identify and resolve issues during the development and deployment phases.

The Boba Network Validator is a key participant in the Boba Networks consensus mechanism and plays a crucial role in ensuring the security and integrity of the network. Validators are responsible for validating and confirming transactions on the Boba Network, maintaining consensus among network participants, and securing the network against malicious activities.

Proof-of-Stake (PoS) Consensus: The Boba Network utilizes a PoS consensus mechanism, which means that validators are selected based on the number of tokens they hold and are willing to stake as collateral. Validators who hold and stake a significant amount of tokens have a higher chance of being chosen to validate and confirm transactions.

Transaction Validation: Validators on the Boba Network validate transactions by checking the authenticity, correctness, and adherence to network rules. They verify that the sender has sufficient funds, the transaction has a valid signature, and all other transaction parameters are valid.

Block Creation: Validators also participate in block creation. Once a validator has validated a set of transactions, they have the opportunity to create a new block by including these transactions. This process involves collecting transactions, ordering them, and appending them to the blockchain.

Network Governance: Validators often play a role in the governance of the Boba Network. They may participate in voting processes to decide on important network parameters, protocol upgrades, and policy changes. Validators who actively participate in governance contribute to the evolution and improvement of the network over time.

Staking and Incentives: Validators stake their tokens as collateral to demonstrate their commitment to the networks security and reliability. In return for their participation and commitment, validators earn rewards in the form of additional tokens. This incentivizes validators to act in the networks best interest and maintain the networks security and stability.

The Boba Network Faucet is a tool that provides users with a way to obtain test tokens or small amounts of real tokens for development, testing, or learning purposes on the Boba Network. It serves as a resource for developers and users who want to experiment with the networks features without the need to acquire tokens from other sources.

Test Tokens: In a test environment, the Boba Network Faucet offers test tokens that are specifically designed for testing and development purposes. These tokens hold no real-world value and are used solely for experimentation and familiarization with the Boba Networks functionalities.

Real Tokens: In certain instances, the Boba Network Faucet may also provide small amounts of real tokens to users. These real tokens have actual value and can be used for limited real-world transactions or to explore the networks capabilities.

Application Process: Users typically need to go through a process to request tokens from the faucet. This may involve providing a wallet address or other relevant information to receive the tokens. The exact process and requirements may vary depending on the specific implementation of the Boba Network Faucet.

Token Distribution: Once the users request is approved, the Boba Network Faucet distributes the requested tokens to the provided wallet address. This allows users to have access to the desired tokens for their testing or learning purposes.

The Boba Network API (Application Programming Interface) is a set of protocols, tools, and endpoints that allow developers to interact with the Boba Network programmatically. It provides a standardized way for external applications, services, or developers to access and utilize the functionalities and data offered by the Boba Network.

Transaction Management: Developers can use the API to submit new transactions to the Boba Network, retrieve transaction details, monitor transaction status, and receive notifications or callbacks when transactions are confirmed or included in blocks.

Block Information: The API provides access to block-related information, including block height, timestamp, hash, and the list of transactions included in each block. This allows developers to track the progress of the blockchain, retrieve historical data, and analyze network performance.

Token and Account Information: Developers can retrieve information about specific tokens, such as token balances, token metadata, and token contract details. They can also access account-specific data, such as account balances, transaction history, and account-related information.

Network Statistics: The Boba Network API may offer endpoints to access network statistics and metrics. This can include information such as the total number of transactions, active addresses, block confirmation times, gas fees, and other network-related data. These statistics provide insights into the networks health, performance, and usage patterns.

Integration with External Services: The Boba Network API may support integration with external services or platforms, allowing developers to interact with other blockchain-related tools, third-party services, or data providers. This integration enhances the versatility and capabilities of applications built on the Boba Network.

The Boba Network Dashboard is a user interface or web-based application that provides users with a visual representation and comprehensive overview of the Boba Networks various metrics, statistics, and functionalities. It serves as a centralized hub where users can monitor and manage their activities on the Boba Network.

Account Overview: The dashboard provides users with an overview of their account, including token balances, transaction history, staking information, and other relevant account details. Users can quickly check their holdings and activities on the network.

Transaction Tracking: Users can track the status of their transactions in real-time. The dashboard displays transaction details, including timestamps, confirmation status, gas fees, and transaction hashes. This helps users monitor the progress of their transactions and ensures transparency in the transaction lifecycle.

Network Statistics: The dashboard presents various network statistics and metrics, such as the total number of transactions, active addresses, block confirmation times, and gas fees. These statistics provide insights into the overall health, performance, and usage patterns of the Boba Network.

Token Management: Users can manage their tokens through the dashboard. They can view token balances, initiate token transfers, interact with decentralized applications (dApps) using their tokens, or participate in staking and governance activities.

Staking and Governance: If the Boba Network supports staking and governance functionalities, the dashboard allows users to stake their tokens, vote on network proposals, or participate in consensus-related activities. Users can track their staking rewards, voting history, and other governance-related information.

The Boba Network Documentation is a comprehensive resource that provides developers, users, and other stakeholders with detailed information, guidelines, and instructions on how to understand, utilize, and interact with the Boba Network. It serves as a reference guide and knowledge base for individuals and organizations interested in integrating with or leveraging the functionalities of the Boba Network.

Network Overview: The documentation provides an introduction to the Boba Network, explaining its purpose, goals, and key features. It outlines the benefits and advantages of using the Boba Network as a layer-2 scaling solution for Ethereum.

Getting Started: This section guides users through the initial steps to start using the Boba Network. It covers topics such as setting up a Boba Network-compatible wallet, connecting to the network, and acquiring test tokens for development and testing purposes.

Network Architecture: The documentation delves into the technical aspects of the Boba Networks architecture. It explains the underlying protocols, consensus mechanism, token standards, and other components that make up the network. This section may also provide information on the integration of the Boba Network with the Ethereum mainnet.

Developer Tools and SDK: If available, the documentation provides details on the Boba Network SDK (Software Development Kit) and other developer tools. It includes instructions on how to integrate with the Boba Network, interact with the APIs, build and deploy smart contracts, and develop decentralized applications (dApps) on the network.

Transaction Processing: This section explains the process of submitting transactions to the Boba Network, including transaction format, gas fees, transaction validation, and confirmation times. It may also cover topics like transaction lifecycle, transaction receipts, and handling transaction errors.

The Boba Network Community Forum is an online platform or discussion board where users, developers, enthusiasts, and other stakeholders of the Boba Network can engage in discussions, ask questions, share knowledge, and collaborate with each other. It serves as a central hub for the Boba Network community to connect, learn, and exchange ideas related to the network.

Discussion Categories: The forum is typically organized into different categories or sections to facilitate focused discussions on specific topics. These categories may include general discussions, technical support, development, governance, announcements, and more. Users can navigate to the relevant category to find discussions of their interest.

Threaded Discussions: Users can create new discussion threads or participate in existing ones. Each thread focuses on a particular topic, allowing users to share their thoughts, ask questions, provide answers, or engage in conversations related to that topic. Threaded discussions make it easy to follow specific discussions and keep track of updates.

Knowledge Sharing: The forum serves as a platform for users to share their knowledge, experiences, and insights related to the Boba Network. Users can post tutorials, guides, best practices, code samples, and other resources to help others in understanding and utilizing the network effectively.

Collaboration and Networking: The Boba Network Community Forum encourages collaboration and networking among its members. Users can connect with like-minded individuals, form partnerships, and find opportunities for collaboration on projects or initiatives related to the Boba Network.

Community Support: The forum acts as a support channel for community members. Users can seek help, ask questions, and receive assistance from more experienced community members or network representatives. This support system fosters a helpful and collaborative environment where users can find guidance and solutions to their queries or issues.

The Boba Network Community Forum serves as a vibrant and interactive platform for community members to engage, learn, and contribute to the growth and development of the Boba Network ecosystem. It promotes knowledge sharing, collaboration, and support within the community, fostering a strong and engaged user base.

The Boba Network is a promising layer-2 scaling solution that addresses the scalability and performance challenges of the Ethereum blockchain. With its robust toolset, including the Boba Network Explorer, Wallet, Bridge, SDK, Validator, Faucet, API, Dashboard, Documentation, and Community Forum, the network provides developers and users with a comprehensive ecosystem to build and leverage decentralized applications.

These top 10 tools on the Boba Network play a crucial role in enhancing blockchain scalability and performance, paving the way for broader adoption and innovation in the blockchain space.

The Boba Network Explorer is a tool that allows users to explore the Boba Network's blockchain. It provides information about blocks, transactions, token transfers, and other network activities. Users can search for specific transactions, view block details, and track the progress of their transactions on the explorer.

The Boba Network Wallet is a user-friendly interface that enables users to manage their tokens and interact with decentralized applications (dApps) on the Boba Network. Users can create or import wallets, view token balances, send and receive tokens, and connect with dApps seamlessly through the wallet interface.

The Boba Network Bridge is a tool that facilitates the transfer of assets between the Ethereum mainnet and the Boba Network. It allows users to move tokens between the two networks, enabling them to leverage the benefits of the Boba Network's scalability while still having access to the Ethereum ecosystem.

The Boba Network SDK (Software Development Kit) provides developers with the necessary tools, libraries, and documentation to integrate their applications with the Boba Network. It offers APIs for transaction submission, querying blockchain data, and interacting with smart contracts on the network. The SDK simplifies the development process and enables developers to build decentralized applications that leverage the scalability of the Boba Network.

The Boba Network Faucet is a tool that provides users with test tokens or small amounts of real tokens for development, testing, or learning purposes. Developers can request tokens from the faucet by providing a wallet address or following the specified process. These tokens can be used to experiment with the Boba Network's features without the need to acquire tokens from other sources.

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Cardano Overtakes Ethereum; Will BEASTS Follow The Suit? – Crypto News Flash

In the fast-paced world of cryptocurrencies, innovation and competition are constant drivers of progress. Since the inception of Bitcoin, the decentralised finance (DeFi) ecosystem has witnessed the rise of numerous digital currencies, each vying to challenge traditional markets and establish their dominance. Among these contenders, two notable players have captured the attention of crypto enthusiasts: Cardano and Ethereum.

Cardano has recently surpassed Ethereum in terms of development activity, raising intriguing questions about its potential. In this article, we will delve into the recent developments, strengths, and challenges faced by Cardano and explore whether Caged Beasts (BEASTS), another emerging player, can achieve a similar feat.

Cardano, a cutting-edge blockchain platform, provides a robust and scalable infrastructure for the creation of decentralised applications (dApps) and smart contracts. Launched in 2017, Cardano has steadily gained momentum and has emerged as a formidable competitor to Ethereum.

Recently, Cardano emerged as the leading protocol in terms of development activity, according to a report published by Santiment, a social metrics platform. The report revealed that Cardano surpassed other protocols, including Polkadot (DOT) and Cosmos (ATOM), to secure the top spot. It is worth noting that Ethereum (ETH), the second-largest smart contract blockchain, achieved a fourth-place.

This achievement has fueled speculations about Cardanos potential to overtake Ethereum and become the go-to platform for decentralized applications.

One cannot discuss the rise of Cardano without mentioning Ethereum, the long-standing powerhouse in the world of smart contract blockchains. Despite Ethereums successful transition to a proof-of-stake consensus mechanism, it surprisingly ranked fourth in development activity.

This unexpected outcome highlights the competitive landscape within the blockchain industry and suggests that even established players must continue to innovate to maintain their positions.

Amidst the ongoing battle between Cardano and Ethereum, a new challenger emerges on the horizon Caged Beasts. As a newcomer to the scene, Caged Beasts aims to disrupt the traditional financial market and challenge established protocols. Inspired by Cardanos achievements, Caged Beasts has set its sights on similar success, determined to carve its own path in the crypto world.

Although Caged Beasts is still in its early stages and has not been launched, its project team has been making significant efforts to ensure its success. With an enticing referral system that rewards both referrers and referred individuals, Caged Beasts aim to build a strong community of investors and enthusiasts. The teams focus on community engagement, coupled with intriguing competitions and rewards, demonstrates a strategic approach to generating interest and participation.

However, the journey for Caged Beasts will not be without its challenges. Breaking into an industry dominated by giants requires more than ambitionit demands innovation, community support, and a unique value proposition. While Caged Beasts may draw inspiration from Cardanos development-driven approach, it must also navigate the complexities of the market and provide compelling reasons for investors and developers to choose its platform.

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The rise of Cardano as the protocol with the highest development activity in 2022 has shaken the crypto landscape, prompting discussions about the potential of other cryptocurrencies to achieve similar feats.

Caged Beasts, an emerging contender, hopes to follow in Cardanos footsteps and disrupt the status quo. However, it remains to be seen whether Caged Beasts can overcome the challenges ahead and establish itself as a formidable player in the industry.

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