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Blockchain technology has evolved significantly since the introduction of Bitcoin in 2009, giving rise to a new era of blockchain projects focused on addressing the scalability and interoperability concerns that have long plagued the technology. Among these promising ventures is BlackFort, an EVM Blockchain that aims to surpass existing solutions in every conceivable way. This innovative project offers a range of groundbreaking functionalities and features that set it apart from the rest, and is poised to make a significant impact on the blockchain industry. In the context of other blockchain projects, BlackFort represents a positive step forward in the ongoing quest for better blockchain technology.

To begin with, BlackFort is a revolutionary blockchain solution that offers unparalleled smart contract operability. Its sophisticated platform enables the seamless importation of smart contracts from existing projects while providing a comprehensive set of smart contracts for new projects, thereby saving valuable time and resources. This advanced technology enables anyone, regardless of their programming skills or financial capacity, to launch their own tokens and projects on the BlackFort Network protocol, making it highly accessible to individuals and businesses alike. In addition, the fee structure is optimized to benefit users by being competitive. BlackForts user-friendly and convenient platform is undoubtedly a game-changer in the blockchain industry, making it a significant milestone in the quest for better blockchain technology. This goes without saying that whether youre an individual or a business, BlackFort makes it easy for you to be a part of the blockchain revolution.

BlackFort is not only an open-to-the-public blockchain platform, but it also serves as a foundation to build a comprehensive 360 crypto-fiat economy. This powerful blockchain technology enables the creation of a range of highly useful services and applications to support the growth of the wider blockchain ecosystem. By offering a robust foundation upon which developers can build, BlackFort is helping to drive the expansion of the blockchain industry and provide users with a wide range of value-added services.

BlackFort is a globally scalable blockchain solution that caters to projects of all sizes and types, making it an ideal choice for personal and business-level initiatives. This environmentally-friendly staking network requires no energy-intensive processes or expensive hardware. Additionally, the BlackFort wallet offers an easy entry point into the world of cryptocurrencies, allowing users to create their own crypto products, tokenize virtual currencies, bridge crypto assets from and to other blockchains, build liquidity pools for decentralized exchange services, and optimize all of these for scalable operations in the cryptocurrency scene. With the BlackFort Network, everyone has the opportunity to participate in more than just holding coins but to be a part of technology building in the rapidly growing blockchain industry.

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Finally, BlackFort is designed to be fast. To keep at par with the fast-paced world we live in, it has a very high transaction per second rate throughput and low block time of an average of 5 seconds, creating an almost immediate transaction execution environment while not compromising security. This allows businesses to prosper and have certainty in transaction confirmations. In essence, BlackFort offers a platform for anyone to participate in the new and innovative blockchain ecosystem and reap the benefits of a more efficient, transparent, and secure network. Its future-oriented team, vision, and possibilities set it apart from other blockchain projects and make it a powerful tool for developers, businesses, and enthusiasts alike. BlackFort is more than just a blockchain; its a community, a network, and an ecosystem built to empower users and drive innovation.

The post BlackFort BXN: A Revolutionary Blockchain for Web 3.0 Applications appeared first on Coin Edition.

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BlackFort BXN: A Revolutionary Blockchain for Web 3.0 Applications ... - Investing.com

PRESS RELEASE

Published March 27, 2023

In the current AI boom sweeping the globe, "ChatGPT" is undoubtedly one of the hottest topics on the internet. From the most basic "ask me anything" to simple market analysis, or even designing a quantitative strategy to predict prices, ChatGPT's "superpowers" have permeated every corner of the blockchain field.

Blockchain apps of ChatGPT-4

Last week, ChatGPT-4 was officially launched. OpenAI stated that "ChatGPT-4 has human-level performance in various professional and academic benchmarks". In practical applications, ChatGPT-4 scored high on the SAT exam (American college entrance exam) and successfully monitored vulnerabilities in Ethereum smart contracts, even proposing potential solutions to fix the vulnerabilities.

Coinbase's head of engineering, Conor Grogan, confirmed this when he posted on social media that he had inserted a real-time Ethereum smart contract into ChatGPT-4 and the AI instantly found security vulnerabilities and even showed how to exploit them. With the release of this tweet, the ability of ChatGPT to detect security vulnerabilities became one of the hottest topics in the industry. This Tuesday, Coinbase officially released a comparison experiment and its report results on its official blog, using the ChatGPT ERC20 token review framework to perform automatic reviews and blockchain security engineers to perform reviews.

In the experiment, blockchain security engineers will use internal tools to review each function of the token smart contract and output risk scores based on the risks marked to the function; similarly, in order to compare the accuracy of ChatGPT with the accuracy of standard reviews, ChatGPT will also generate a risk score. So, how did ChatGPT perform?

Coinbase compared ChatGPT and manual security review for 20 smart contract risk scores in its experiment, of which ChatGPT generated the same result as manual review 12 times. However, in the other 8 mistakes, 5 were ChatGPT incorrectly marking high-risk assets as low-risk assets.

According to the results of the experiment, ChatGPT can only be said to have a slight ability to quickly evaluate the risk of smart contracts, but it does not meet the accuracy requirements of Coinbase's security review process. Perhaps Coinbase can improve the accuracy of ChatGPT token security review through further engineering design. However, at present, it is still impossible to rely solely on ChatGPT to perform security review.

In general, ChatGPT has a wide knowledge base and, with the input of specific business logic and prompts, ChatGPT can accomplish more in less time. Additionally, for security engineers who face high costs for smart contract auditing, ChatGPT provides a timely and cost-effective auditing assistance.

Training plans of GPT-AI

GPT-AI is a decentralized web3 project developed and created independently using CHATGPT artificial intelligence. The goal of GPT-AI is to enable everyone to have and train their own AI robots, eventually forming a huge scale of AI applications, transactions and rental platforms.

For example, if you are an image processor, designer, nutritionist, fitness coach or a chef, you can teach your AI robot your best skills and knowledge, continuously training it, accumulating data, optimizing its data structure, making it more professional. Such AI will be the most popular presence in all industries of Web3, and you can serve other users by renting or selling AI robots, thus earning commissions for yourself. This is the huge demand value that has been released by the combination of Web3 community and AI, and the value generated after solving the demand is returned to the users who keep training GPT-AI robots.

The decentralized and distributed features of Web3 provide better support for GPT-AI. In the Web3 ecosystem, all data and applications are stored on a decentralized blockchain network, which is public, transparent, and immutable. The distributed data architecture makes it easier for GPT-AI to access and share data while ensuring data security. In addition, the smart contract function of Web3 can also provide GPT-AI with more flexible and efficient transaction and training mechanisms, making the application and sale of GPT-AI more convenient.

ChatGPT-4 and GPT-AI are like a blessing, with their collaborative nature and more mature and humanized professional knowledge after training, they are more suitable for all the Web3 user groups than the potential threats of automation and replacing humans.

Learn more: https://gpt-ai.io/

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Blockchain APPS of ChatGPT-4 and training plans of GPT-AI - Digital Journal

The documentation for Shibarium, the layer-2 technology of Shiba Inu, was published by the developers two days ago, revealing more details about how it works. Among other things, the documents describe how the Shibarium Proof-of-Stake and the Ethereum Shibarium Bridge relate to each other.

While Shibariums Proof of Stake (PoS) chain uses side chains to process transactions, the bridge enables a bidirectional transaction environment between Shibarium and Ethereum. Moreover, the documents reveal that the PoS algorithm requires users to stake their BONE tokens.

Further, the platforms blockchain technology allows users to create programmable tokens and smart contracts that are used in a variety of applications such as initial coin offerings (ICOs) of fungible tokens and non-fungible tokens (NFTs). Transaction fees are expected to be less than $0.01.

SHIB Influencer Lucie pointed out other key takeaways from the documentation in several tweets. One important cornerstone is the Shibarium Staking Manager.

As Lucie writes, proof-of-security consensus is ensured by having Shibarium perform all proof-of-concept and deployment verification operations on the Ethereum smart contract, leaving the computationally intensive tasks to layer-2.

Stakeholders can take on the role of validator, delegate, or observer to report fraud. This is where the Stake Manager comes in, which is the primary contract for validation-related activities such as managing stakes, distributing rewards and verifying signatures.

Only one role, either validator or delegator, can be assigned to a single Ethereum address as a design choice. Using NFT ID as the source of ownership ensures that changes in ownership and signer will not impact the system, Lucie further explained.

An important insight from the documentation also relates to the burn mechanism. When users make a transaction, a fee is incurred that is divided into two parts: the base fee (70%) and the priority fee (30%). The latter is paid to the validator, while the base fee is burned.

Once a certain amount of BONE ($25,000) is accumulated in the burn contract, users can start the burn process from Shibarium. Once this process starts, accumulated BONE are sent to Ethereums L1, where an automated swap for SHIB takes place, and this amount gets burned calling its contract function, Lucie further elaborates.

Unification, the developer of Shibarium, has also announced an all-in-one wallet for the layer-2 technology and Shiba Inu. The wallet will enable two-way asset transfers between the first and second layer, staking/delegating, and will include a Shibaswap integration.

The project has also already been highlighted in Shibarium documentation and further publicized by Ringoshi Toitsu, a pseudonymous Unification Validator operator.

At press time, Shiba Inu was trading at $0.00001051, continuing its downtrend that persists since the beginning of February 2023.

Featured image from Analytics Insight, chart from TradingView.com

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Shiba Inu: These Are The Key Takeaways From Shibarium Docs - Bitcoinist

Bitcoin and Ether extended their declines in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the worlds biggest crypto exchange, for allegedly violating trading mandates. Asian markets mostly gained on Tuesday, reflecting a rise in U.S. equities on Monday, as investor sentiment picked up following a slew of positive announcements that eased fears of a banking sector crisis.

See related article: Binance rejects U.S. charges of violating trading rules, manipulating markets

Bitcoin, the worlds biggest cryptocurrency by market cap, lost 3.06% to US$26,960 in 24 hours to 4 p.m. in Hong Kong, according to data from CoinMarketCap, declining 2.22% in the last seven days. Ethereum dropped 1.61% to US$1,724, after losing 0.6% on the week.

BNB, the native token of the worlds largest crypto exchange Binance, saw the biggest decline among top 10 cryptos. The token dropped 5.19% in the last 24 hours to US$309, after the U.S. Commodity Futures Trading Commission said Monday it filed a civil enforcement action lawsuit against Binance and its top executives for allegedly breaking trading rules.

XRP was the only token among top 10 cryptos to gain in Tuesday afternoon trade in Asia, climbing 5.61% to US$0.4843, and has risen 25.47% on the week. The gains come as Ripple Labs, whose payment network is powered by XRP, expects to win a lawsuit filed against it by the U.S. Securities and Exchange Commission for allegedly selling US$1.3 billion in unregistered securities.

The global crypto market capitalization dropped 1.96% to US$1.13 trillion, while the total crypto market volume gained 30.1% to US$43.42 billion in the last 24 hours.

The Forkast 500 NFT index fell 0.54% to 4,004.93 on the day and declined 3.34% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day.

Asian equity markets mostly rose on Tuesday after concerns regarding a banking industry crisis eased. Hong Kongs Hang Seng Index rose 1.11%, South Koreas Kospi increased 1.07% and Japans Nikkei 225 gained 0.15%.

The Shanghai Composite lost 0.19% and the Shenzhen Component Index dropped 0.72%, over concerns that Covid-19 related disruptions continue to hamper Chinas economic recovery.

Gold slid 0.24% to US$1,951 an ounce, after falling 1% on Monday. The precious metal remains under its one-year high of US$2,000 that it touched last week.

European bourses rose for a second consecutive day. The benchmark STOXX 600 gained 0.34% and Germanys DAX 40 advanced 0.5%.

European Central Bank President Christine Lagarde will speak at the opening ceremony of the Bank for International Settlements Innovation Hub Eurosystem Centre later Tuesday.

Londons benchmark FTSE 100 rose 0.43% during the day, after Bank of England Governor Andrew Bailey said the countrys financial system is resilient and has robust capital, but warned that interest rates may move higher.

See related article: Is our banking system obsolete?

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Bitcoin, Ether extend declines amid U.S. lawsuit against Binance ... - Yahoo Finance

Decentralized finance (DeFi) has taken the world by storm, and its only just getting started. DeFi has the potential to revolutionize traditional finance by providing a trustless, transparent, and decentralized alternative. The DeFi space is continually evolving, with new projects and platforms emerging every day.

Two of the most promising projects in the space are Polkadot (DOT) and Chainlink (LINK), both of which are poised to have a significant impact on the future of DeFi.

In this article, we will examine the potential of these two projects and their role in the future of DeFi, along with RenQ Finance (RENQ), another promising DeFi platform.

Polkadot (DOT) is a next-generation blockchain platform that allows for interoperability between different blockchains. Polkadots architecture allows for different blockchains to connect and communicate with each other, allowing for seamless interoperability between different ecosystems. The Polkadot network consists of a relay chain and multiple parachains, each of which can be customized to support specific use cases. One of the significant advantages of Polkadot is its scalability. The networks sharding design allows it to handle a significant number of transactions per second, making it an ideal platform for DeFi applications. Polkadot is also known for its governance system, which allows holders of the DOT token to vote on network upgrades and proposals.

Chainlink (LINK) is a decentralized oracle network that connects smart contracts to real-world data. Chainlinks oracle network allows smart contracts to access off-chain data, such as market prices, weather data, and sports scores. This connection to real-world data is essential for DeFi applications, as it allows them to interact with the external world.

Chainlink has become a popular platform in the DeFi space due to its secure and reliable oracle network. Many DeFi applications rely on Chainlinks oracle network to access real-world data, making it a critical component of the DeFi ecosystem. Additionally, Chainlink is known for its robust community and developer ecosystem, which has helped to fuel the projects growth.

RenQ Finance (RENQ) is a decentralized finance platform that aims to solve the liquidity problem by connecting isolated blockchains. RenQ Finance offers a comprehensive suite of DeFi tools, including a decentralized exchange (DEX), yield farming, and liquidity pools.

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It was created to address the challenges faced by traditional finance systems and has gained a lot of attention from investors due to its innovative features.

RenQ Finances architecture is designed to be modular and flexible, allowing it to be easily integrated into other DeFi platforms. This integration is critical for the DeFi ecosystem, as it allows different platforms to work together seamlessly.

Additionally, RenQ Finances SmartLock technology allows tokens to be locked up for teams, developers, and early stakeholders, helping to prevent token dumps and rug pulls.

The DeFi space is still in its early stages, and its difficult to predict which projects will ultimately succeed. However, Polkadot, Chainlink, and RenQ Finance are all well-positioned to have a significant impact on the future of DeFi.

Polkadots interoperability and scalability make it an ideal platform for DeFi applications, while Chainlinks oracle network is essential for connecting DeFi applications to real-world data. RenQ Finances modular architecture and SmartLock technology make it a valuable addition to the DeFi ecosystem.

Ultimately, the success of these projects will depend on their ability to solve the challenges facing the DeFi ecosystem

In conclusion, while Polkadot and Chainlink have promising technology and strong teams, they face different challenges in their quest to revolutionize DeFi. RenQ Finance (RENQ) is a promising project that has already gained significant attention from investors and has the potential to solve one of the biggest challenges facing the DeFi ecosystem.

As the DeFi space continues to evolve, it will be interesting to see how these projects develop and how they contribute to the future of decentralized finance.

Click Here to Buy RenQ Finance (RENQ) Tokens.

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Polkadot (DOT) vs Chainlink (LINK), Which of These Will ... - The Crypto Basic