Cardano will soon be offered on the world’s first digital asset bank
Read the original article HERE.
On August 2, Team Sygnum announced in a press release that the digital asset bank will integrate Cardano into its “bank-grade staking offering.” Valued at over $800 million, Sygnum’s integration of Cardano (alongside similar moves made by Ledger Live) foreshadows more adoption in the future for the Crypto world’s eighth largest coin by market cap.
The bank initially only supported staking for Ethereum, Internet Computer, and Tezos. Although earning profits from staking is already possible, Sygnum allows users to earn staking profits through their “institutional-grade” banking platform (customers still have control of their ADA and can withdraw them anytime without charges or penalties). Sygnum empowers clients and large-scale investors (banks and other financial institutions) to delve into the crypto market with the “complete trust” of a regulated banking platform.
This comes as Cardano prepares to implement the VASIL Hard Fork — a change that will significantly improve the scalability and reduce transaction fees on the network.
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What are the most promising cryptocurrencies in 2023? Many financial analysts call Tezos - XTZ , ALGO , SOL ( Solana ), and Cardano.Classic of the genre - bitcoin is also not going anywhere)
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Cardano releases development updates, ADA is recovering
Cardano recently released its latest updates, showcasing advancements in smart contracts, governance, Project Catalyst, and scaling on the network. Meanwhile, the native token ADA has started to recover and is currently experiencing positive trading activity. The Cardano update reveals that the network has launched 131 projects, with an additional 1,261 projects currently under development. Furthermore, it has reached a significant milestone of 70 million transactions. The consensus team has made further progress in the Genesis implementation to improve correctness and address functionality requests. Regarding the integration of UTXO-HD, there were some performance issues initially, but the team has investigated and made necessary improvements to resolve them. Support activities involved incorporating Ledger improvements into
Read more on Cardano releases development updates, ADA is recovering
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The Ridiculousness Continues: Retik Finance Fails CertiK Audit
Read the original article HERE.
As I covered in my last article, Retik Finance is obviously a scam. But that didn’t stop them from rushing to reassure the public that their scammy token isn’t actually a scam by informing us all that their CertiK audit is complete (spoiler: it’s still a scam).
A quick look at the audit report reveals that Retik Finance still did horribly on the audit. Take a look at this detail in the contract code found by CertiK:
The owner of the Retik Finance contract has the ability to take Retik tokens from users (renounceOwnership) and send them to his own account (transferOwnership). This alone should scare away any users. Retik Finance is entirely centralized.
But it doesn’t stop there. CertiK also reports a very low Fundamental Health score for Retik Finance. Largely because Retik Finance hasn’t verified their identity. Probably because scammers don’t want to reveal who they are, making it more difficult to hold them accountable.
To top it all off, CertiK reports that their website has vulnerabilities as well:
So Retik Finance is a centralized mess with dangerous code and unverified owner(s). The only good thing on their audit report is that they have thousands of followers on Twitter/X and a lot of telegram users, which is a sad sight to witness. Hopefully people don’t keep falling for this obvious scam.
This also brings up another point: why is CertiK not immediately warning users that Retik Finance is a scam? Any body with any sense can figure out for themselves that Retik Finance is a malicious project in less than a minute (I highlighted the reasons why in my previous article). CertiK is supposed to be a professional crypto audit company; auditors at CertiK should be more than capable to see behind Retik Finance’s lies and point them out as a scam. CertiK needs to do a better job of exposing scummy projects.
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Imaginary Numbers and Complex Numbers: Mathematics Note- 6 (Essay)
Imaginary numbers (i) and complex numbers appear when solving quadratic equations learned in junior high school. The inside of the "discriminant" of the solution formula can be negative, but this goes beyond the scope of mathematics that students have learned so far, and new concepts are required, which are imaginary numbers and complex numbers. It is a number that has never been possible before, "a number that becomes a negative number when squared."
In a sense, it is an unreasonable number, but mathematics has developed by recognizing and adopting such numbers. The Italian mathematician who published (but did not discover) the formula for the solution of the cubic equation: Cardano used imaginary numbers in an era when even negative numbers were not recognized, and actually found the formula for the solution of the cubic equation. , imaginary numbers and complex numbers appear as a matter of course. "Complex numbers are essential to represent real numbers."
Leibniz was the first to call imaginary numbers ``imaginary numbers,'' but they are actually not imaginary, but ``actual numbers.'' For example, there is the idea of a "complex plane", where the X-axis is a real number and the Y-axis is an imaginary number, and points on the plane are represented by the coordinates of a combination of (real numbers and imaginary numbers). This is the graphical representation of complex numbers. Here complex numbers are represented "visually" and manipulations such as figure rotations are performed. It's practical. Complex numbers are also essential for electrical engineering calculations.
And Gauss in Germany proved a decisive theorem. : An algebraic equation of order n always has n solutions in the range of complex numbers. (Fundamental Theorem of Algebra) This was the dissertation of the genius Gauss. An extension of the concept of numbers, which is inevitably required in the development of mathematics, Kronecker said: "The natural numbers are created by God, while the other numbers are created by humans. I don't feel like Kronecker. Negative numbers, fractions, decimals, irrational numbers, and complex numbers are all created by God.