Archive for the ‘Smart Contracts’ Category

Understanding The Use Of Blockchain In Software Development – ValueWalk

Blockchain is the latest tech advancement that ensures increased security and transparency. Since it was first developed in 2008, this technology has attracted the interest of many. Due to its unique characteristics, blockchain brings a lot of opportunities in many industries, including finance and medicine.

Regardless of its application, this technology changes how processes work. The software development industry can also benefit from using blockchain, and thats because of its potential to ensure the accuracy and consistency of the data.

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Q1 2023 hedge fund letters, conferences and more

Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]

Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More

Blockchain is the invention of an individual or a group of individuals known as Satoshi Nakamoto. Created in 2008, this technology was first associated with Bitcoin, a decentralized digital currency based on the PoW consensus mechanism.

Without blockchain, cryptocurrencies would not exist today. For the first time in history, people can use digital money without relying on an intermediary, and that's only possible due to the blockchain.

Since the database is reliable, popular companies have implemented this technology to boost their operations. For instance, Walmart uses blockchain to help clients trace the products' origins before purchasing them online.

Similarly, Microsoft enabled the development of dApps on its blockchain platform Azure Blockchain Service to issue invoices faster and securely and track food safety. With blockchain, companies can save time and money spent on processes.

Crypto is the first thing that comes to mind when hearing about blockchain. After all, this technology powers popular cryptocurrencies like Bitcoin and Ethereum, making digital transactions possible and efficient. Over the years, digital assets have become increasingly popular, appealing to investors who seek to maximize their profits.

Some even believe crypto is the future of finance. However, the industry was never consistent, and cryptocurrencies have experienced fluctuations in price over the years. Hence, it's imperative to be realistic when joining the crypto space and be prepared for what it involves.

Choosing a reliable cryptocurrency is essential, as it can impact the entire investing experience. For instance, crypto enthusiasts prefer to buy ethereum instead of other currencies due to its outstanding features and high performance over the years.

While blockchain enables cryptocurrencies, the technology has applications in other industries, too, such as:

Companies adopt blockchain because of its ability to decrease costs and automate tasks, thus saving precious time that can be used to develop ideas that can drive growth. Here are other advantages blockchain brings to businesses:

Software development involves computer science activities where developers create, design and deploy software. Since the process is complex, it's imperative to look for ways to increase efficiency. That can be achieved by using different technologies, such as:

Blockchain can boost the software development sector due to its security and immutability. Developers can create blockchain-based applications without relying on a bank or a financial institution.

Plus, the technology also eliminates worries about falling victim to hacking and theft. Let's further discuss what blockchain can do for the software development sector.

In a software development project, security is of the utmost importance. Fortunately, blockchain can guarantee it through the immutability and decentralization of data. This means it's impossible to manipulate the data, unlike traditional applications where a user can access all data.

Any hacking attempt is easily recognized, as all the transactions are recorded on the blockchain, and if anyone tries to modify them later, the network owners will notice immediately.

Software developers also deal with data integrity challenges. Apps are created daily, and it can be tricky to ensure they won't get compromised because of data integrity. Blockchain brings a solution to this problem because it offers transparency.

For instance, through smart contracts, developers can write code that can't be modified after being deployed on the blockchain, thus ensuring everyone has access to reliable information about what is happening during the entire process.

This transparency creates trust among teams in the software development sector. Since everyone is aware of the latest updates, there's no room for disputes and misunderstandings.

Society is moving at a fast pace nowadays, and businesses in the software development sector struggle to keep up with the market demands. That's because it takes significant time to launch the product after the concept has been developed.

But blockchain speeds up time-to-market, making processes like digital payments less complex. Due to blockchain's decentralized feature, a team can develop an app independently from another, regardless of location.

This means developers aren't limited in what they can create through blockchain technology. They don't need consensus from everyone involved in the app development process which is different from developing a traditional app.

Using blockchain also allows software developers to create more resilient applications that can recover more rapidly from disruption. Traditional applications can break down due to poor internet connection or failure in a database server. However, blockchain creates a more robust network infrastructure because, unlike servers, it relies on several copies of data stored in the nodes.

The adoption of blockchain in software development results in faster turnaround times for critical projects because the paperwork used is reduced.

Most business practices are susceptible to errors, but blockchain automates processes like content creation through smart contracts, thus making them more straightforward. Automation boosts the quality of software developers' services, which can help companies in the industry thrive.

Blockchain technology has led to new opportunities in the market, allowing more talented developers to compete with reputable companies.

This is possible because blockchain-based applications are developed on open-source platforms. Hence, it's easier for those with adequate knowledge to build a software product. Even startups can create something impressive, even if they lack resources or capital.

Blockchain has revolutionized many industries, and adopting it in software development can enhance product data quality, speed up delivery, and more.

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Understanding The Use Of Blockchain In Software Development - ValueWalk

Cardano’s Comeback: Is the Ethereum Killer Ready to Dominate the … – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

In several days, the Cardano price has been able to grow significantly again. Overall, network sentiment has improved following the first quarter of 2023 increases. The ADA price has witnessed significant growth, particularly at the start of the year. Furthermore, a large number of whales are presently investing in Cardano. Can the Ethereum killer get new traction in the approaching bull market?

Ethereum Killer: ADA/USD Weekly chart showing the price GoCharting

In the first quarter of 2023, the Cardano (ADA) price rebounded. The price of the ADA token plummeted dramatically in the fourth quarter of 2022. The rate was barely $0.24 by the end of 2022. Cardanos price was able to jump to $0.39 in January.

Cardanos price has returned to $0.30 after dipping in late February and early March. However, in the previous two to three weeks, the Cardano price has been able to stably grow again, reaching above $0.40 in recent days.

Last years steep losses were caused by more than just the bear market. Investors have been disappointed more than usual in recent months due to a paucity of applications in the field of decentralized financial services (DeFi). The Cardano blockchains Total Locked Value (TLV) has not risen as rapidly as planned.

Cardano may not become a viable alternative to Ethereum due to a lack of applications. Furthermore, many criticize Cardanos cautious development, which does not provide unexpected advances as rapidly as planned.

Cardano was widely regarded as the most well-known Ethereum killer for a long time. The Cardano blockchains advantages over theEthereum blockchainshould guarantee that the network becomes the more appealing foundation for decentralized apps. However, Cardano has not always followed this path.

Cardano may develop a large number of applications as a result of the bull market that may occur following Bitcoins halving in 2024. Numerous whales, including the well-known Grayscale fund, are similarly bullish on the future and have lately increased their holdings of the ADA coin.

Cardano, also known as ADA, has been dubbed by some as the Ethereum Killer due to its potential to rival Ethereums dominance in the smart contract and decentralized applications (dApps) space. While Cardano has not yet achieved the same level of success as Ethereum, it has been making significant strides in recent years and has been gaining momentum in the cryptocurrency market.

One of the key factors that could lead to Cardanos success in the next bull market is its unique approach to blockchain technology. Cardano uses a proof-of-stake (PoS) algorithm, which is considered to be more energy-efficient and scalable. This means that Cardano can process more transactions per second and can handle a larger volume of users compared to Ethereum, which has been struggling with scalability issues.

Another advantage that Cardano has over Ethereum is its focus on academic research and peer review. Cardanos development is led by IOHK, a blockchain research and development company that is comprised of a team of scientists and engineers with a strong academic background. This academic approach has led to a more rigorous and systematic development process, which has resulted in a more stable and secure blockchain.

Furthermore, Cardano has been making significant progress in its development roadmap. The project is currently in the Goguen phase, which focuses on the development of smart contracts and dApps. This phase includes the launch of the Plutus programming language and the Marlowe financial modeling language, which will allow developers to create complex smart contracts and dApps on the Cardano blockchain.

In addition to these technical advantages, Cardano has also been gaining traction in the cryptocurrency market. The project has a strong community of supporters, and its market capitalization has been steadily increasing. As of April 2023, Cardano is the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum.

Of course, there are still challenges that Cardano will need to overcome in order to become a true Ethereum Killer. Ethereum has a significant head start in terms of adoption and ecosystem development, and it remains to be seen whether Cardano can catch up. In addition, there are other competitors in the smart contract and dApp space, such as Solana, Binance Smart Chain, and Polkadot, that are also vying for market share.

There are currently many good exchanges that offer to trade and hold ADA. Heres a list of known exchanges that are currently in good standing:

On the other hand, it is always safer to hold your own coins in your own offline wallet. We suggest using aLedgeror aTrezorwallet.

While there is no guarantee that Cardano will become the Ethereum Killer in the next bull market, the project has several advantages that could make it a serious contender. Its focus on academic research, PoS consensus algorithm, and development roadmap all bode well for its prospects. Ultimately, the success of Cardano will depend on its ability to attract developers and users to its platform and to build a thriving ecosystem of dApps and services.

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Cardano's Comeback: Is the Ethereum Killer Ready to Dominate the ... - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News

EOS Price Prediction Ahead of the EVM Beta Launch – BanklessTimes

EOS price has done well in the past few days as investors wait for the upcoming launch of its Ethereum Virtual Machine (EVM) version. The coins price jumped to a high of $1.2738, the highest level since March 4 of this year. In all, the coin has jumped by over 30% from the lowest level in March.

There are three main reasons why EOS has jumped sharply in the past few weeks. First, as I wrote here, EOS announced that it will launch its EVM soon. An EVM is the computation engine for Ethereums network. In simple terms, it is the software that enables smart contracts functionality in Ethereum. As such, it enables interoperability in the ecosystem.

In a statement, the developers said that the EVM was around the corner after they launched the final testnet before the beta. The mainnet beta will be launched on Friday of this week.

As part of this rollout, the developers updated the tokenomics of the platform. Some of the top aspects of EVM tokenomics are that it will have increased utility through the use of EOS as the native token.

Further, there will be a trustless bridge that will allow EOS to be seamlessly transferred from EOS native to EOS EVM. Also, there is an upcoming burn mechanism that will burn all profits collected from running the RPC endpoints.

Read more: How to buy EOS.

Second, like other cryptocurrencies, EOS price has jumped because of the strong performance of Bitcoin and their cryptocurrencies. BTC price has held quite well above $30,000 while Ethereum moved above the resistance point at $2,0000 on Thursday. In most periods, these coins tends to have a close correlation with each other.

Finally, this rally is also because of the view among traders that the Federal Reserve will start going slow on rate hikes after its minutes warned of a recession. Data published also showed that the countrys inflation was falling.

The 4H chart shows that the EOS price has been in a strong bullish trend in the past few days. It managed to move above the important resistance level at $1.2532, the highest point this month. The coin has also moved above the 25-day and 50-day moving averages.

Therefore, EOS will likely continue rising as buyers target the important resistance at $1.3414, the highest point in March. This price is about 7% above the current level.

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EOS Price Prediction Ahead of the EVM Beta Launch - BanklessTimes

Cardano Maintains Robust Position In Grayscale’s Updated Fund – TronWeekly

In the latest updated Grayscale fund weightings, Cardano fared marginally better over the prior quarter with 28.13%. demonstrating a more robust presence in its GSCPxE Fund [Smart Contract Platform Ex-Ethereum Fund].

The worlds largest digital currency asset manager announced the first quarter of 2023 rebalancing in three funds- Grayscale Digital Large Cap Fund [GDLC], Grayscale DeFi Fund [DEFG], and Grayscale Smart Contract Platform Ex-Ethereum Fund [GSCPxE Fund].

A year ago, Grayscale Investments introduced the cryptocurrency fund for smart contract platforms excluding Ethereum [GSCPxE Fund], highlighting the growing interest among investors in alternative blockchain networks.

The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the asset managers 18th investment offering. The fund provides exposure to seven smart contract platforms which are the following:

Cardano [ADA], Solana [SOL], Avalanche [AVAX], Polkadot [DOT], Polygon [MATIC], Algorand [ALGO], and Stellar.

The surge of Cardano in Grayscale GSCPxE Fund investment demonstrates the layer 1 blockchains growing significance in the burgeoning smart contract ecosystem.

However, Cardano saw a small decline in the Grayscale Digital Big Cap Fund, with its share dropping from 1.86% in Q4 2022 to 1.69% in Q1 2023.

After undergoing a significant upgrade in September 2022 and incorporating smart contract functionality, the networks development continued to expand through 2023.

TheVasil hard fork, in question, paved the way for the rapid development of Plutus Scripts, a Cardano-based smart contracts platform. In just a few months since its launch in Sept, the number of smart contracts using Plutus reach 5,000.

At present, the figures crossed 5200 as per data provided by Cardano Blockchain Insights.

On the price front, ADA is exchanging hands at $0.38, down by 2% in the past day at the time of writing. The market cap of the 7th-ranked asset stood at $13.2 billion. Despite its dull price action, whalesremain bullish on the token continuing to fill their bags.

Overall, the crypto community is anticipating ADAs price to drop as a new feature on Milkomeda, Cardanos EVM layer is touted to allow users access to Ethereum Virtual Machine [EVM] smart contracts using ADA wallet.

Recently, Cardano founder Charles Hoskinsonaddressed concerns about the blockchains delayed updates. Refer here for more details.

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Cardano Maintains Robust Position In Grayscale's Updated Fund - TronWeekly

Ripple: Outside of the US nobody cares about SEC’s stand about … – Crypto News Flash

As the SEC vs Ripple case continues to drag on further, experts have shared their opinion regarding what merits this case holds. Much recently, Ripple CEO Brad Garlinghouse stated that no one really cares about the SEC suing Ripple outside of the global markets.

As we know, Ripple offers solutions like RippleNet and XRP-based instant settlements to its partners across the globe. Using its solutions Ripple facilitates low-cost instant cross-border transactions by leveraging the power of blockchain technology.

In his recent interview, Garlinghouse stated that governments across the globe like Switzerland, Singapore, Abu Dhabi, the UK, Japan, and others have provided clarity on how they view digital assets. Garlinghouse has previously stated that the US has been lacking majorly in providing clarity over digital assets.

In another development, a banking law expert Todd Phillips said that the Howey Test isnt the best way to judge whether an asset classifies as a security or not. You also need a contract, post-sale legal obligations, and the right to share profit. If this becomes the test, then crypto assets are most likelycommodities, giving the [Commodity Futures Trading Commission (CFTC)] jurisdiction, he said.

Phillips also added that using the Howey Test will not be useful to the SEC in terms of regulating the crypto industry, and will have much wider implications. If the SEC loses to this [argument], it could affect the SECs authority over non-crypto assets. Idk how deep a cut that would be, but the SEC wouldnt be happy. Anyway, my guess is this is the argument Coinbase will use when the SEC sues it, and imo that case, is going to [the Supreme Court of the US (SCOTUS)], he added.

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Despite all the legal hurdles that Ripple has been facing in recent times, Ripple has continued to expand its services Currently, Ripple is on an expansion plan and seeks to hire Product Managers for its Product and Delivery as well as the RippleX departments. The company has nearly 78 job openings across different departments. In its recent tweet, Ripple said that it is looking for innovative and zealous talent.

On the other hand, crypto whales have been accumulating more and more XRP tokens amid the latest developments taking place on the XRP Ledger (XRPL). In one of its recent announcements, Ripple unveiled a new proposal dubbed Hooks.

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Ripple added that Hooks is a proposal that will add smart contracts-like functionality to the XRP Ledger. It will be a Layer-1 custom code deployed to influence the behavior and flow of transactions.

As per the data from WhaleAlert, crypto whales have added more than 146 million XRP (approx worth $77 million) over the last 24 hours.

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Ripple: Outside of the US nobody cares about SEC's stand about ... - Crypto News Flash