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nadcablabs9616 · 1 year ago

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Transformative Algorand Solutions by Nadcab Labs - The Future of Decentralization

In the rapidly evolving landscape of blockchain technology, businesses are constantly seeking innovative solutions to harness the power of decentralization for enhancing their operations and service offerings. Recognizing this demand, Nadcab Labs emerges as a leading force in the domain of Algorand Blockchain Development Services, offering tailored solutions that leverage the exceptional capabilities of the Algorand blockchain. This article delves into the comprehensive suite of services provided by Nadcab Labs, illustrating how this Algorand Blockchain Development Company is enabling businesses to step confidently into the decentralized world.

Strategic Approach to Algorand Blockchain

The Algorand blockchain, known for its decentralization, scalability, and security, is at the forefront of resolving the blockchain trilemma. Nadcab Labs, as a Custom Algorand Blockchain Development pioneer, employs Algorand advanced features, such as its two-tier architecture and Pure Proof-of-Stake (PPoS) consensus mechanism, to develop cutting-edge decentralized applications (dApps). Their expertise spans across critical areas like Transaction Execution Approval Language (TEAL), atomic transfers, and Algorand Standard Assets (ASA), making them a preferred partner for businesses aiming to innovate.

Algorand Distinctive Features

Algorand architecture is designed to address the most pressing challenges in the blockchain space, including the infamous blockchain trilemma. It achieves an optimal balance between decentralization, scalability, and security, which is a key consideration for any Algorand Blockchain Developer. With features like fast transactions, minimal fees, and robust support for NFTs and dApps, Algorand offers a fertile ground for developing diverse decentralized solutions. Whether it's creating a vibrant NFT marketplace or a resilient decentralized finance (DeFi) platform, Algorand provides an efficient and scalable environment that is conducive to innovation.

Tailored Development Services by Nadcab Labs

Nadcab Labs specializes in a broad spectrum of Algorand Blockchain Development Services, encompassing DApp development, smart contract creation, NFT marketplace development, DeFi and decentralized exchange (DEX) solutions, and node development. Their approach is rooted in a deep understanding of the Algorand protocol, combined with expertise in various programming languages such as Golang, Java, Python, and JavaScript. This multifaceted expertise enables Nadcab Labs to deliver solutions that are not only technically sound but also optimized for user engagement and market impact.

The Nadcab Labs Difference

What sets Nadcab Labs apart as an Algorand Blockchain Development Company is their commitment to custom solutions that meet the unique needs of each business. From the initial conceptualization to the final deployment and beyond, Nadcab Labs works closely with clients to ensure that every aspect of the project aligns with their strategic objectives. Their dedication to innovation, security, and scalability has positioned Nadcab Labs as a trusted partner for businesses looking to leverage the power of the Algorand blockchain.

Conclusion

As the digital landscape continues to evolve, the demand for decentralized solutions that offer security, scalability, and efficiency is on the rise. Nadcab Labs, with its comprehensive Custom Algorand Blockchain Development capabilities, is at the helm of this transformation, helping businesses navigate the complexities of blockchain adoption. By partnering with Nadcab Labs, companies can tap into the vast potential of the Algorand blockchain, paving the way for innovative applications that drive growth and redefine industries.

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#Algorand Blockchain Development Services #Algorand Blockchain Development Company #Custom Algorand Blockchain Development #Algorand Blockchain Developer #nadcablabs #blockchain #nadcab labs services #blockchain technology

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calibraint · 3 months ago

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Top 10 Smart Contract Development Companies

Top 10 Smart Contract Development Firms to Watch in 2025

Are you searching for the best smart contract development firms in 2025? You’ve come to the right spot! Smart contracts enable secure, transparent asset exchanges without intermediaries, reducing costs and offering tailored solutions. Here’s a list of the leading companies you should consider for your smart contract development needs.

CalibraintAs a top blockchain development firm, Calibraint excels in creating innovative smart contracts for platforms like Ethereum, Solana, and Algorand. They also offer blockchain product development across web, mobile, and software, including NFTs, crypto wallets, and DeFi solutions.

SciencesoftSciencesoft focuses on bringing blockchain technology to non-tech businesses and product-centric enterprises. They offer services like private/public blockchain networks and smart contract development, with expertise in Ethereum, Hyperledger, and Substrate.

Evercode LabEvercode Lab is recognized for delivering customized software solutions, particularly in smart contract development for decentralized applications (dApps), cryptocurrency wallets, and blockchain-based solutions. The company operates internationally from Cyprus and Russia.

Cygnet InfotechA blockchain solution provider since 2000, Cygnet specializes in creating smart contract-driven marketplaces, digital signatures, and ICO orchestration, with expertise in mobile platforms and cryptocurrency development.

4Soft4Soft excels in Ethereum-based smart contracts and security token development, catering to industries like banking, healthcare, and supply chain management. They also offer comprehensive blockchain consulting services.

Second StateSecond State is at the forefront of smart contract development with its SSVM virtual machine and Lity smart contract language. They offer decentralized contract solutions for Ethereum 2.0, Polkadot, and Web3 blockchains.

EleksEleks provides innovative solutions in logistics, fintech, and healthcare, specializing in automating processes through secure, blockchain-powered smart contracts.

AprioritSince 2002, Apriorit has been a leading smart contract development company, with a strong focus on smart contract development for Fortune 500 companies. They specialize in Hyperledger and Ripple technologies, focusing on secure cryptocurrency exchanges and payment systems.

DotsquaresDotsquares delivers a wide range of blockchain development services, including smart contract solutions for industries such as gaming, finance, and healthcare. With over 12,000 clients worldwide, they are a trusted partner in the blockchain space.

QuantQuant helps businesses leverage distributed ledger technology (DLT) to build decentralized applications (dApps) and smart contracts across both public and private blockchains, simplifying enterprise blockchain solutions.

ConclusionThese top 10 companies are at the forefront of smart contract development, driving innovation in decentralized technologies. Partnering with them can help businesses streamline operations, enhance transparency, and create secure digital solutions for the future.

#smart contract development #smart contract development companies

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cryptoventure01 · 6 months ago

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Hot Picks: Crypto, NFTs, and AI Innovations

The fast-paced worlds of crypto, NFTs, and AI continue to dominate the technology and financial landscapes. Today’s hot picks explore the most groundbreaking innovations and trends across these industries, providing insights into the forces shaping our digital future.

1. Crypto Innovations: A Closer Look at Market Movers

The cryptocurrency sector remains a focal point for technological advancement and financial transformation.

Bitcoin’s Latest Surge: The Bitcoin price today reflects a steady uptick as institutional investments and favorable regulations bolster market confidence. Analysts suggest potential breakthroughs in scalability solutions could further enhance Bitcoin’s utility.

Shiba Inu Coin Ecosystem Growth: Shiba Inu coin continues its rise with new initiatives, including decentralized applications and partnerships that strengthen its utility.

Green Cryptocurrencies: Projects like Cardano and Algorand are pushing eco-friendly solutions, aiming to reduce the carbon footprint of blockchain operations.

2. NFTs: Breaking New Ground

Non-fungible tokens (NFTs) have expanded far beyond collectibles, finding use cases across industries.

NFTs in Entertainment: Celebrities and creators are launching exclusive NFTs, offering fans unique experiences, from digital art to VIP event access.

Gaming Revolution: Blockchain-based games are integrating NFTs as in-game assets, enabling players to earn real-world value from their digital efforts.

Corporate Innovation: Companies are using NFTs to create loyalty programs and digital representations of real-world products.

3. AI Innovations: Transformative Technologies

Artificial intelligence continues to drive change across industries, offering solutions to complex challenges and opening new possibilities.

Generative AI for Business: Tools like ChatGPT and Gemini AI are enhancing content creation, customer service, and marketing strategies, allowing businesses to operate more efficiently.

AI in Blockchain: AI-powered analytics tools are transforming how investors and developers interact with cryptocurrencies, optimizing transaction speeds and security.

AI in Healthcare: Innovations like AI-driven diagnostics are revolutionizing patient care, providing faster and more accurate solutions.

4. The Intersection: Crypto, NFTs, and AI Together

The synergy between crypto, NFTs, and AI is paving the way for new digital ecosystems.

AI-Designed NFTs: AI tools are creating stunning, unique digital artworks, giving artists new ways to express creativity and engage collectors.

Decentralized AI: Blockchain is being used to develop decentralized AI models, ensuring transparency, security, and trust in AI applications.

Tokenized AI Services: Startups are tokenizing AI solutions, allowing users to pay for AI-powered services with cryptocurrencies.

5. Future Outlook: Innovation and Integration

The rapid advancements in crypto, NFTs, and AI suggest a future where these technologies converge seamlessly. They hold the potential to reshape industries, redefine digital ownership, and transform financial systems.

Stay informed with Crypto Venture for the latest updates, expert insights, and breaking news on the trends shaping tomorrow. Your go-to source for all things crypto, NFTs, and AI!

#bitcoinnews #bitcoinpricetoday #coinsnewscrypto #cryptocurrencynewstoday #shibainucoinnews

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likitakans · 9 months ago

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The Evolution of Blockchain Protocols: The Shocking Advancements from Bitcoin to Ethereum 2.0 and Beyond

In a world where technological advancements often seem like something out of a sci-fi novel, blockchain technology stands as a transformative force, reshaping industries and redefining our digital landscape. While Bitcoin introduced us to the concept of decentralized currency, the evolution of blockchain protocols has brought forth innovations that extend far beyond simple transactions. From the pioneering days of Bitcoin to the groundbreaking developments of Ethereum 2.0 and beyond, the journey of blockchain is one of constant innovation and astonishing progress.

Bitcoin: The Genesis of Blockchain Technology

The story of blockchain technology begins with Bitcoin, introduced by the mysterious Satoshi Nakamoto in 2009. Bitcoin was revolutionary in its ability to enable peer-to-peer transactions without the need for a central authority. It offered a decentralized, immutable ledger system, ensuring transparency and security. Bitcoin’s underlying protocol, the blockchain, became the foundation upon which all future advancements would be built. Despite its groundbreaking nature, Bitcoin’s primary function was limited to being a digital currency.

Ethereum: Unleashing the Power of Smart Contracts

Enter Ethereum, created by Vitalik Buterin and launched in 2015. Ethereum expanded the capabilities of blockchain technology by introducing smart contracts—self-executing contracts with the terms directly written into code. This innovation allowed for the creation of decentralized applications (DApps) that could run on the Ethereum blockchain, enabling a wide array of use cases beyond digital currency. From decentralized finance (DeFi) platforms to non-fungible tokens (NFTs), Ethereum unlocked a new era of blockchain functionality.

Ethereum 2.0: Scaling New Heights

While Ethereum brought unprecedented capabilities, it also faced significant challenges, particularly in terms of scalability and energy consumption. Ethereum 2.0, also known as Eth2 or Serenity, aims to address these issues through a series of upgrades. One of the most significant changes is the transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. PoS reduces the energy consumption associated with mining and increases the network’s scalability. Additionally, Ethereum 2.0 introduces shard chains, which distribute the network’s load, further enhancing its efficiency and capacity.

Beyond Ethereum 2.0: The Rise of Next-Generation Protocols

As blockchain technology continues to evolve, next-generation protocols are emerging, each bringing unique features and improvements. Here are a few notable advancements:

Polkadot: Created by Ethereum co-founder Gavin Wood, Polkadot is designed to enable different blockchains to interoperate, sharing information and functionalities seamlessly. Its multi-chain architecture and parachains enhance scalability and customization.

Cardano: Known for its scientific approach and peer-reviewed research, Cardano focuses on sustainability, scalability, and interoperability. Its Ouroboros PoS protocol aims to be more secure and energy-efficient.

Solana: Solana is celebrated for its high throughput and low transaction costs, achieved through its unique proof-of-history (PoH) consensus mechanism. It aims to support decentralized applications on a massive scale.

Algorand: Algorand’s pure proof-of-stake (PPoS) protocol ensures fast transactions with finality and security. It’s designed to be highly scalable and environmentally friendly.

The Future of Blockchain Protocols: Infinite Possibilities

The evolution of blockchain protocols is far from over. As technology advances, we can expect further innovations that will continue to push the boundaries of what’s possible. Interoperability between blockchains, enhanced security measures, and increased adoption of decentralized applications are just a few areas poised for growth. Moreover, with ongoing research into quantum-resistant algorithms, the future of blockchain promises to be as secure as it is revolutionary.

Outcome: A Journey of Unceasing Innovation

From the inception of Bitcoin to the cutting-edge developments of Ethereum 2.0 and beyond, the evolution of blockchain protocols is a testament to human ingenuity and the relentless pursuit of progress. Each new protocol builds upon the foundations laid by its predecessors, bringing us closer to a world where blockchain technology is seamlessly integrated into every facet of our lives. As we look to the future, the potential for blockchain to drive social, economic, and technological transformation remains boundless. Stay tuned, as the story of blockchain is only just beginning.

#Blockchain #Bitcoin #Ethereum #Cryptocurrency #BlockchainTechnology #Innovation #Decentralization

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ailtrahq · 2 years ago

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Crypto market indicators show that the amount of Tether (USDT) currently sitting on exchanges is at the highest levels seen since March this year. According to a tweet by crypto analytics platform Santiment, exchanges have witnessed a 40% increase in available USDT since June 13, 2023. USDT Supply on Exchanges Hits Seven-Month Levels The market intelligence firm said the $9.99 billion worth of USDT currently on exchanges is the highest level of buying power for the stablecoin in seven months. This indicates that trader buying power has risen once again. On the other hand, about $30 billion worth of USDT sits outside exchanges. 💸 The $9.99B worth of #Tether sitting on exchanges is the highest level of buying power for #crypto‘s top #stablecoin in approximately seven months. Since June 13th, these exchanges have seen a 40% increase in available $USDT. pic.twitter.com/G9pINqzcg4 — Santiment (@santimentfeed) October 9, 2023 There has been a notable surge in USDT’s presence on exchanges recently, signaling that investors may be preparing for fresh buying opportunities. Earlier this month, Santiment revealed that the amount of the stablecoin on exchanges rose from 17.6% to 24.7% within four months. Santiment also disclosed that the ten largest USDT holding wallets saw their assets surge from $7.30 billion to $9.42 billion within three months, indicating that some cohorts of investors are increasing their positions in the stablecoin. CryptoPotato reported that these developments are signs that market players are gearing up to execute buy orders at current or lower price levels. As the stablecoin available for trading on exchanges rises, so does investor confidence and the urge to capitalize on opportunities presented by current market conditions. Overall, the development shows growing interest from investors intent on entering or reentering the crypto market. USDT Hits New Milestones Despite the unfavorable market conditions, USDT has hit new milestones and witnessed significant developments in recent times. Less than three months ago, the market capitalization of the stablecoin hit a new all-time high of $83.76 billion. Over time, the digital asset has managed to maintain its position as the largest stablecoin, dominating with a market share of roughly 66%. USDT is also present on several blockchains, including Ethereum, Tron, Solana, and Algorand, although its issuing company, Tether, removed support for three networks – Omni, SLP, and Kusama – in May. Meanwhile, Tether said last month that it has resumed lending out USDT to customers.

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leewayhertz0-blog · 4 years ago

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Ethereum blockchain lets developers create sophisticated packages that may talk with one another on the blockchain. For now, it seems as if blockchain’s meteoric rise is more starting to take root in reality than pure hype. Though it’s still making headway in this entirely-new, highly-exploratory area, blockchain can also be showing promise beyond Bitcoin.

Plug new members as you have to securely run enterprise with each other – exchange information data, funds, standing updates and any other kind of transaction data. For most, the best place to begin is single-use functions, which reduce risk as a outcome of they aren’t new and contain little coordination with third events.

The expertise of selection for more than 500 international organizations, Algorand is enabling the simple creation of subsequent era monetary products, protocols and exchange of worth. Just like any other software program developer, a Blockchain developer have to be skillful in programming languages, C++, and JavaScript chief among them. Web development, data constructions, and cryptography are a number of the fascinating expertise in Blockchain growth. For a Dapp to interact with a sensible contract, it ought to have a contract's address and Interface. The handle is the placement of the contract, and Interface defines the contract’s features and occasions. They could additionally be obtainable on the Google Play Store or App Store, however your information isn’t stored on any centralized server. Custom Blockchain Software Development

Blockchain is changing the finest way we do enterprise, and it’s simply getting began. If you’re looking to learn about blockchain and the method to incorporate it into your industry, you’re in the right place. Throughout the product development part, track quality assurance, DevOps, and deployment updates using the project management software you like. For instance, the developer has to work with legacy infrastructure and its limitations, whereas still assembly the expectations inherent in a Blockchain development project. That can be the Blockchain Software Developers, after all, who use the core net structure built by the Developer to create apps, specifically the decentralized and net varieties. The proliferation of cryptocurrencies has made blockchain a revolutionary new concept.

If transactions have to be updated and shared incessantly, sustaining them on papers is usually a time-consuming course of. If the information and its historical past are essential for your business, you might require a blockchain resolution that allows multiple parties to write down entries into an incorruptible system. The historical past of transactions is turning into extra clear with the implementation of blockchain. Since blockchain is a distributed ledger, all members of the community share the identical up to date ledger.

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nadcablabs9616 · 1 year ago

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The Future of Blockchain Efficiency - Nadcab Labs Layer 2 Advancements

In the evolving landscape of blockchain technology, Layer 1 Blockchain Development stands as the fundamental building block that underpins decentralized networks. At the heart of these systems is the ability to offer secure, reliable, and transparent transaction processing, which is where Nadcab Labs, a leading Layer 1 Blockchain Development Company, makes its mark.

The Critical Role of Layer 1 Blockchain Solution

A Layer 1 Blockchain Solution refers to the base level of blockchain architecture, such as those seen in Bitcoin and Ethereum. These platforms utilize distributed ledger technology (DLT) to provide a secure and efficient framework for transaction recording and consensus building. This foundational technology ensures that every transaction is immutable, transparent, and verifiable by all network participants.

How Nadcab Labs Elevates Layer 1 Blockchain Technology

Nadcab Labs specializes in delivering comprehensive Layer 1 Blockchain Development Services that cater to a wide array of industry needs—from peer-to-peer transactions and smart contracts to decentralized applications (DApps) and beyond. By focusing on core functionalities such as consensus mechanisms and data storage, Nadcab Labs enables businesses to leverage blockchain's full potential for innovation and security.

Custom Solutions by Expert Layer 1 Blockchain Developer Teams

The expertise of a Layer 1 Blockchain Developer at Nadcab Labs goes beyond basic blockchain construction. The team’s deep understanding of various blockchain protocols like Ethereum, Binance Smart Chain, Solana, and others allows them to provide tailored solutions that meet specific client requirements. Whether it’s developing a new cryptocurrency or creating a decentralized platform for digital content, Nadcab Labs developers are equipped to handle complex blockchain challenges.

Expanding the Reach of Blockchain Technology

With an increasing number of platforms like Polkadot and Algorand focusing on interoperability and scalability, Nadcab Labs continues to innovate within the Layer 1 space to support these advanced capabilities. Their development services help businesses not only implement robust blockchain solutions but also enhance them with features such as tokenization, which facilitates the digital representation of physical or digital assets on the blockchain.

Comprehensive Services for a Blockchain-Driven World

Nadcab Labs does not stop at development; they also provide critical post-deployment services such as security audits, testing, and governance mechanism design. These services ensure that the Layer 1 blockchains they develop are not only effective but also secure from vulnerabilities and equipped for long-term growth.

Through strategic Layer 1Blockchain Development Services, Nadcab Labs is at the forefront of blockchain innovation, offering solutions that are not only technologically advanced but also scalable and interoperable. Their commitment to quality and client satisfaction makes them a preferred partner for businesses looking to explore blockchain technology.

In conclusion, as blockchain technology continues to evolve, partnering with a seasoned Layer 1 Blockchain Development Company like Nadcab Labs ensures that businesses can confidently navigate the complexities of blockchain implementation and harness its many benefits for secure, decentralized solutions.

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#nadcablabs #blockchain #nadcab labs services #blockchain technology #Layer 2 Blockchain Solution #Layer 2 Blockchain Developer #Layer 2 Blockchain Development Company #Layer 2 Blockchain Development Services

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ashishjadhavtechnologyforum · 5 years ago

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IOSG: Get a summary of the Ethereum DeFi ecosystem and understand the smart contract audit process

Decentralized exchanges and oracles are basic application modules that explain to you just about all DeFi projects. Decentralized exchanges provide token exchanges, and oracles provide price-feeding mechanisms for various DeFi protocols. Compiled by: IOSG Ventures Token value flow of DeFi ecology @IOSG VC: From the vertical standpoint, users' rights and interests are tokenized layer by layer from the proper execution of the underlying assets, and the rights and interests are displayed by means of different tokens, and finally flow into the top-user aggregation layer to meet up various economic activities and requirements of users. For example , Ether can be mortgaged in the Maker Vault mortgage pool to lend out the stable currency Dai, and Dai can enter the Compound or Aave protocol for re-mortgage, expressing equity in cDai or aDai, and the top-level get back maximization tool such as RAY can automatically Allocate user rights and interests to different lending agreements to have maximum benefits. This shows a complete vertical flow case. From the horizontal perspective, decentralized exchanges and oracles are basic application modules that explain to you all projects. Decentralized exchanges provide token exchange, and oracles provide price-feeding mechanisms for various DeFi protocols. They serve as DeFi infrastructure Through the entire flow of DeFi value. Security Audit Technology of Smart Contract @IOSG VC: Security audits in a wide sense frequently utilize the combination of technologies shown above to find known or suspicious vulnerabilities in smart contracts that could allow attackers to steal funds. Security audits have greatly increased the threshold for attacking smart contracts, so every public project must be audited. It's like every door lock can be opened by the proper person with the proper skills, but we must still put in a lock to your door. Nevertheless , most security audit techniques are inefficient in detecting unsuspected issues, and they are definately not claiming that any audited smart contract is 100% "secure" or won't be attacked as time goes on. In addition , due to budget constraints, you can find sometimes trade-offs in exactly how many security audits to conduct. The aforementioned might sound a bit sad, but this is the reality we have to face. As a user of smart contracts, what does this mean to us? Listed here are the points you want to make:

* As always, only put the funds that you could afford in the worst case into the smart contract; * Only deposit funds for safety audited projects; * The potential rewards or advantages of DeFi applications should compensate for the extra security risks. The pulse of a Algorand Foundation and Circle have reached a cooperation to issue USDC on the Algorand chain The Algorand Foundation announced that it has already reached a cooperation with Circle to issue USDC on the Algorand chain. USDC is founded on an open standard and governance framework manufactured by the Centre Consortium (a joint investment and operation company of Coinbase and Circle) to understand a completely mortgaged stable currency for USD. FIT, Binance, Coinbase officially launched COMP, and Coinbase Earn added support for COMP FTX recently launched the COMP contract and DeFi index contract, and Binance in addition has launched the Compound governance token COMP, and opened the COMP/BTC, COMP/BNB, COMP/BUSD, COMP/USDT trading markets, and the COMP deposit channel has become open. And the cryptocurrency exchange Coinbase in addition has officially launched the Compound governance token COMP, and users can trade, send, receive or store COMP. ConsenSys Diligence launches blockchain project security audit database ConsenSys Diligence launched a blockchain project security audit database, which can be open source and displays relevant security audit information on the basis of the project, including audits, bounty, and contract warehouse lists. All project data is stored in JSON files. The goal of this database would be to aggregate blockchain security data for users, to not guarantee the security of any particular project. @IOSG VC: OpenZeppelin performed the Timelock Audit, Governance System Audit, Tether Integration Audit, MCD & DSR Integration Audit & COMP Distribution System Audit. However, Trail of Bits has been around charge of Compound Protocol Security Assessment, Compound V2 Security Assessment & Compound Governance Security Assessment. Certora and Gauntlet also participated in the security analysis, performing Formal Verification of Compound Protocol and Market Risk Assessment, respectively. In terms of the amount of projects covered Trail of Bits, OpenZeppelin and Consensys Diligence seem to be the absolute most reliable auditors. They've been followed by Chain Security (now element of PwC), SmartDec and QuantStamp. The DeFi Money Market Agreement DMM Telegram Group was attacked through the public offering, and users have already been compensated with USD 40, 000 DeFi Money Market Protocol DMM's official Twitter stated that its telegram group was maliciously hijacked through the public offering, and the attacker imposted the DMM Foundation in order to steal funds. The corresponding DMG amount was compensated for people who were deceived in the token sale. Startup Notabene is launching a compliance platform for crypto exchanges Start-up Notabene wrote a write-up about Notabene, its compliance platform for cryptocurrency exchanges. The platform is made to help worldwide virtual asset service providers (VASP) comply with the travel rules proposed by the Financial Action Task Force (FATF), allowing exchanges to begin integrating travel rules within their compliance workflows. @IOSG VC:

Notabene is the first professional KYC platform set up for compliance transactions. Its team began operations in February 2020 and won its first customer Concordium, which can be the very first public chain infrastructure established for compliance. Notabene focuses on the overall process of users' digital asset transactions as opposed to just identity verification. Including connecting the customer's identity with the digital encrypted currency account, real-time monitoring and evaluation, and providing continuous SAAS services. Cryptocurrency trading KYC is dramatically distinctive from KYC in conventional finance. The KYC business process of cryptocurrency transactions requires the following aspects. StarkWare launches STARK-based verifiable delay function service "VeeDo" StarkWare, a zero-knowledge proof research and development organization, launched a STARK-based Verifiable Delay Function (VDF) service "VeeDo" on the Ethereum mainnet. VDF is just a function that delivers delay and time lag through calculations. The first application that StarkWare intends to resolve with VeeDo is the trustless and uncontrollable random proof concept (PoC) on Ethereum. @IOSG VC: At the conclusion of May possibly this season, StarkWare also announced on twitter that it might soon complete the development of the ethSTARK code and open source it. ethSTARK is founded on the Ethereum Foundation funding StarkWare in July 2018 to develop a STARK-friendly hash function and offer open source ZKP code because of its ecology. Once ethSTARK is completed, the code will run 20 times faster than any existing ZKP code.. StarkWare raised $30 million in October 2018. Investors include Consensys, Coinbase Ventures, Intel Capital, Pantera and Sequoia.

Incognito releases Incognito Portal that supports BNB and BTC anonymous transactions Incognito, a provider of cryptocurrency privacy solutions, has released the Incognito Portal. The aim is to open a trustless bridge to Binance and allow BNB to conduct completely confidential transactions. Portal can connect the blockchain to the anonymous privacy layer without advanced level smart contracts. Loopring protocol Loopring supports RenBridge in an individual interface, and renBTC can be minted with BTC Loopring Protocol Loopring adds RenBridge that supports the Ren protocol in an individual interface, allowing users to mint renBTC with Bitcoin and use it in zkRollup mode. Currently renBTC has supported deposits in Loopring Exchange and Loopring Pay, and the renBTC/USDT trading pair will be launched in about a week. @IOSG VC: Unlike decentralized projects such as tBTC and sBTC that require users to mint coins on the project's internet site, renBTC is more like a DeFi LEGO block. This project allows renVM to be directly built-into DeFi applications. Cooperation with projects including the Loopring Agreement has exposed the flow of traffic for renBTC. Source: etherscan We see that the transaction volume of renBTC increased by 364% in the 2 days from 18th to 19th. At the time of June 29, 2020, the supply chain reached 1000+renBTC. Currently, renBTC is just a decentralized Bitcoin-anchored currency project. The largest project. Investment and financing events AVA Labs completed 12 million USD in token private placement financing, led by Galaxy Digital, NGC, and Bitmain AVA Labs, a decentralized service platform, completed a $12 million AVAX token private placement financing. Now, five institutions led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures, and Dragonfly Capital. After the fundraising, Avalanche's Denali testnet was successfully closed, and much more than 1, 000 full nodes participated in staking and participated in the consensus agreement. Kevin Sekniqi, co-founder and chief operating officer of AVA Labs, said that the newest funds will be useful for the further development of the AVA blockchain network, and its particular mainnet will be launched in July. The AVA blockchain platform is driven by the Avalanche consensus protocol, which aims to permit one to create a public or private blockchain that can run smart contracts and cross-chain. Japanese financial giant SBI Holdings will launch its first crypto fund in Japan Japan financial giant SBI Holdings stated at its business report meeting on the 26th that it will launch Japan's first encrypted asset fund. It's expected to start recruiting individual investors from the summertime of 2020. The fund contains three investment targets: BTC, ETH, and XRP. After the introduction of the aforementioned three tokens, the foundation is certainly a financial product for institutional investors. Yibang International was officially listed on Nasdaq, with the last issue price of US$5. 23 per share, and the sum total issuance size of approximately US$107. 5 million Bitcoin mining machine producer Ebang International announced the details of its IPO, the following: 1 . It plans to market 19, 264, 337 common shares at a high price of 5. 23 US dollars per share, and the sum total issuance scale is approximately 100. 75 million US dollars. 2. The precise launch time is June 26, the stock code is EBON, and the issuance is expected to end on June 30; 3. The company has granted the underwriters to buy 2, 889, 650 shares at the original public offering price within 30 days from the date of the release of the last prospectus Rights to additional Class A common shares. Celsius received a $10 million investment from Tether, with a post-investment valuation of $150 million Crypto lending platform Celsius Network announced that it has received a US$10 million investment from stablecoin issuer Tether, meaning the post-investment valuation is near US$150 million. Opyn completes $2. 16 million in financing, led by Dragonfly Capital On-chain options platform Opyn announced the completion of a US$2. 16 million financing led by Dragonfly Capital. Other investors include Version One Ventures, Uncorrelated Ventures, 1kx, aCapital, DTC Capital, CoinFund, and individual investors Balaji Srinivasan, Robert Leshner ( Compound CEO), Dylan Field, Linda Xie and others. Opyn said it will utilize the funds to expand the team, recruit core staff, and additional develop the protocol and improve security. Freelance market Braintrust completes $6 million seed round financing to construct labor solutions through blockchain Braintrust, the freelance market, announced a $6 million seed round of funding. Investors include True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures, and Vy Capital. Some angel investors also participated in the financing. Braintrust is capable of 100% remote operation and operation, the reason would be to help employers find very skilled technical talents which can be difficult to employ and retain in the traditional market. W3BCloud, a joint venture between chip giant AMD and ConsenSys, completes US$20. 5 million in initial financing W3BCloud, a joint venture between chip giant AMD and Ethereum developer ConsenSys, has completed US$20. 5 million in financing, that will be used to launch decentralized data center networks global. The company plans to put into operation 40 data centers within four years. W3BCLOUD uses ConsenSys' computer software development experience in the blockchain field to develop blockchain data center solutions based on AMD hardware. The partners stated that the blockchain data center solution manufactured by W3BCLOUD will mainly address the needs of enterprises and governments for cloud computing blockchain infrastructure. IOSG post-investment project progress Filecoin's preparation for the testnet reward plan is expected to be completed on July 6 Filecoin stated that the preparations because of its testnet reward plan are expected to be completed on July 6. The preparations for the test are mainly from the promised capacity upgrade to real data, packaging multiple transactions, and fast retrieval (news may be added later). The time scale ends two weeks before the test plan goes live. Celer Network updates the roadmap and will update the token economic model in the third quarter Celer Network (CELR) updated the project roadmap. Celer Network will update the Celer Network token economic model (cEconomy) in the third quarter of the year, add layer-2 expansion support to more main chains (layer-1 blockchains), release Celer Network PoS Optimistic Rollup side chain mainnet 1 . 0, Build easy-to-use SDK etc . In the fourth quarter, Celer Network will perform Celer Network state channel network mainnet upgrades with multi-client state synchronization and receiver delegation functions, release Celer Network PoS Optimistic Rollup side chain mainnet 2. 0, and transfer non-encrypted users through the CelerX mobile app Bring into the blockchain field. Maker approves the proposal to incorporate KNC and ZRX as mortgage assets MakerDAO has completed and approved KNC and ZRX because the governance vote for the Maker agreement mortgage asset proposal. A week ago, Maker begins a two-week voting on ENJ, LEND, LINK, MATIC, PAXG and WKT as collateral asset proposals. Kyber Network becomes the startup pool of Bancor V2, and Bancor V2 code is expected to be deployed to the key network in July Bancor announced that Kyber Network (KNC) is just about the startup pool for Bancor V2. Bancor V2's new KNC reserve pool enables KNC holders to offer liquidity and receive a percentage of the KNC reserve pool transaction fee while maintaining their long positions in KNC.

#free cryptocurrency 2019 #win free bitcoin #free bitcoin sites #how to earn bitcoins fast #fomo3d

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calibraint · 2 years ago

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Top 10 Smart Contract Development Companies

To make your search easier, we have compiled a list of top-rated smart contract development companies. This list will provide you with useful information and direction to help you find the perfect fit for your needs. With their expertise in developing smart contracts and blockchain-based solutions, these companies can help take your business to the next level

Are you in search of the best smart contract development companies? You've landed on the right page! Smart contracts have revolutionized the way assets, stocks, and other valuable items are transferred, providing a secure and transparent medium without the need for intermediaries. This eliminates the extra fees charged by mediators for their services. By leveraging smart contracts, businesses can now create tailor-made solutions that align with their organizational structure.

Calibraint Calibraint, the best smart contract development company, excels at creating smart contracts for a wide range of blockchains, including Ethereum, Solana, Algorand, Dfinity/Motoko, and Binance Chain. They also offer software, web, and mobile app development services for blockchain-based products such as NFT marketplaces, crypto wallets, and cryptocurrencies/token. Additionally, Calibraint can create NFTs, GameFi, DeFi solutions, and smart contracts as well as websites, mobile web, HTML5, iOS, and augmented reality applications. With their expertise and experience in developing blockchain-based solutions, Calibraint is the perfect partner for businesses looking to leverage the full potential of blockchain technology

ScienceSoft ScienceSoft is a leading blockchain development company in india that specializes in providing blockchain solutions to non-IT companies and product businesses. They design and create a range of blockchain solutions, including private and public blockchain networks, decentralized apps, smart contracts, cryptocurrency wallets, tokenization platforms, and blockchain-based marketplaces. With over 450 software professionals on board, ScienceSoft has the expertise to build blockchain systems using frameworks like Ethereum, Hyperledger Fabric, Graphene, and Substrate. They have also worked with IBM Blockchain, Oracle Blockchain, and Amazon Managed Blockchain to create blockchain environments. ScienceSoft offers enterprise blockchain solutions for general and industry-specific purposes. Their solutions include tracking asset provenance, supply chain traceability, and managing health records and financial transactions. With a focus on delivering high-quality and secure blockchain solutions, ScienceSoft is the go-to partner for businesses looking to leverage the full potential of blockchain technology

Evercode Lab Evercode Lab is a smart contract development company that provides customized software solutions for businesses. They specialize in developing cryptocurrency wallets, mobile crypto apps, decentralized applications (dApps), and blockchain smart contracts. Evercode's solutions can be used for various purposes, such as markets, analytics, and other products. The company was founded in 2013 and has offices in Cyprus and Russia, staffed by highly skilled and knowledgeable software professionals.

Cygnet Infotech Cygnet Infotech is a leading provider of blockchain-based solutions that has been recognized by the Top Developers corporate directory. The company has experience in creating smart contract-based marketplaces, digital signature solutions, trading solutions, insurance products, and solid waste management solutions. Since its inception in 2000, Cygnet Infotech has grown to employ over 500 people, including software specialists, engineers, and programmers who specialize in smart contracts. They develop blockchain solutions for all platforms, including mobile, and have offices in the United Arab Emirates, Australia, India, the United States, and South Africa. Cygnet offers a range of services, including blockchain integration, dApp and cryptocurrency development, and initial coin offerings (ICOs).

4Soft 4Soft offers both blockchain smart contract development and consulting services, with a specialization in developing smart contracts on the Ethereum platform using protocols like ERC-20. Their team of developers possess expertise in multiple areas including web development, UX/UI design, and custom software development. The company has a solid reputation, demonstrated by its high rating on Clutch, and its clients include notable companies like Elliptic, Cigaset, Artgeist, and ITSEC Asia. 4Tech has experience in building blockchain solutions across several industries, including banking, healthcare, and supply chain management. MiddleState MiddleState is a company that specializes in developing enterprise middleware powered by smart contracts for the blockchain. Their custom virtual machine, the SSVM, uses Lity, an extension of Solidity, as the smart contract development language. The SSVM is capable of supporting smart contracts on various blockchains such as Ethereum 2.0, Ethereum Classic, Polkadot / Web3, Oasis, and CyberMiles. Founded in 2019, MiddleState has offices in the USA, Taiwan, China, and Australia. They are experts in creating open-source infrastructure like search engines, virtual machines, blockchains, and development tools and services for data analytics. Their smart contract development services enable businesses to automate core operational processes and create formally defined business rules in smart contracts that can be updated as necessary with user confirmation

Eleks Eleks is a company that provides consulting, engineering, and optimization services. They specialize in custom application development, research and development (R&D) services, and offer advisory services for data science, product design, cyber security, and technical feasibility studies. Their clients come from a diverse range of industries, such as logistics, Fintech, healthcare, insurance, IT, government, media, agriculture, commodity trading, and professional services. Eleks serves more than 20 clients, including Aramex, AVG antivirus, and IXM.

Apriorit Apriorit is a software development outsourcing company that offers a range of services to businesses of all sizes, including Fortune 500 companies. They specialize in research, development, and quality assurance for their products and services, and offer consulting and advisory services. Apriorit has expertise in creating smart contracts for various industries, including Fintech, healthcare, real estate, and logistics. They can create private blockchains using technologies such as Hyperledger, Graphene, Ripple, and Deviant, and offer cryptocurrency exchanges, wallets, payment gateways, KYC integration, and other blockchain-related services. Founded in 2002, Apriorit has 15 development teams and 6 quality teams and operates in more than 10 countries

DotSquares Dotsquares is a technology services company that provides a range of solutions such as blockchain, mobile app development, cross-platform development, hosting, augmented reality, virtual reality, and IoT. They offer onshore and offshore services to cater to the unique requirements of their clients, and have served over 12,000 customers through their three development centers. Dotsquares specializes in designing and developing websites, apps, games, and blockchain solutions. They also provide strategic marketing services such as social media marketing, PPC, and SEO, in addition to support services like server support and staff augmentation

Quant Quant is a community of developers that helps businesses, organizations, and individuals create innovative distributed ledger and multi-digital apps. They assist in building tokenization solutions that unlock asset value through opportunities for digital trade. Their created tokens, decentralized applications (dApps), smart contracts, and other blockchain solutions can be linked with both public and private blockchains. With their technology and expertise, anyone can create a range of DLT decentralized applications, or mdApps, without being experts in blockchain or DLT. This includes dApps that are useful in businesses, as well as multi-DLT smart contracts

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bitcofun · 2 years ago

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Cardano appears set to make a bullish run in the coming months with numerous prominent crypto analysts choosing ADA as a coin to view in current days. Founder Charles Hoskinson has actually likewise guaranteed there is a big cravings from institutional financiers with the blockchain set to invite numerous brand-new tasks to their community after the effective Vasil tough fork upgrade. But can Cardano, long thought about an underestimated crypto coin without ever really breaking out, lastly make substantial returns on its excellent guarantee? Cardano Loved by Crypto Analysts Two videos emerged today from extremely prominent crypto experts that both spoke at length about the strengths of Cardano and native token ADA. Dan Gambardello, who passes Crypto Capital Venture and has more than 325,000 YouTube customers, declared in a video that ADA might reach a $500 billion market cap in the next bull run. Although it is unclear when the next bull run will begin, a market cap of that size would provide ADA a trading rate of $15 - a boost of almost 3,500% from today's trading rate of $0.42 Gambardello's analysis is based not just on the success of the Vasil difficult fork however 2 more essential updates prepared in the future - Basho, and Voltaire. It is not yet clear when the 2 updates will happen, however Basho guarantees to enhance deal speed and Voltaire to present ballot for network individuals. The upgrade will permit Cardano to process countless deals every 2nd - for context, Ethereum can handle 10,000 TPS after the Merge - while Voltaire will make Cardano self-sustainable. CoinBureau host Guy, who has more than 2.1 million customers on YouTube, echoed Gambardello's bullish belief on ADA - although didn't go rather up until now regarding forecast a cost of $15 During a conversation with Benjamin Cowen, the pseudonymous talked up ADA calling it - and Algorand (ALGO) as coins to keep an eye out for in the next bull run." Long-term trend-wise, I believe financiers-- especially institutional financiers, which is certainly where Cardano is doing not have in that regard-- however I believe any financier will take a look at the similarity Ethereum and Cardano in the after-effects, when interest in crypto returns, and go, 'Well, these people had the ability to perform these huge upgrades, and they went perfectly.' And I believe that is a testimony to the quality of individuals dealing with those jobs, which I believe will be a huge part of individuals' due diligence in the future. Although the cost hasn't done anything, I believe it's truly, actually favorable, for Cardano particularly." Cardano Founder Promises Institutional Investment Outspoken Cardano creator Charles Hoskinson has actually likewise doubled down on his claims that the blockchain will be a preferred for institutional financiers when the booming market returns. ADA has actually sustained a bad 12 months and is down more than 85% from its September 2021 all-time high of $3.09 However, Hoskinson stays bullish on what he and his group have actually been integrating in the in 2015, regardless of numerous cryptos having a hard time throughout a bearish market. We constructed Cardano to be the monetary os of the world. We constructed it to bank the unbanked. We constructed it as a neighborhood to offer financial identity to those who do not have it so we can have one international reasonable market. Cardano stays among the most crucial blockchains beyond the western world, particularly in Africa where lots of tasks utilize the blockchain for their tasks. Hoskinson likewise declares that lots of numerous jobs are prepared and waiting to develop on Cardano. He anticipates institutional and investor funds to come into Cardano in 2024 and 2025. You do not catch anything throughout the booming market, however throughout the bearish market, everyone's collapsing. All the bridges are getting hacked. All these DeFi (decentralized financing) Ponzi plans break down that we keep stating are issues.

So that's the neighborhood we constructed and the environment we constructed. Now we are taking pleasure in the dividends of that method. Cardano Price Prediction While it's tough to properly anticipate the fortunes of any crypto business, Cardano has the underlying basic qualities to turn into one of the premier blockchains in the area. Cardano has actually long assured financiers to turn into one of the extremely leading altcoins on the marketplace and has never ever rather arrived - regardless of strong efficiency in 2021. However, the task has actually continued to develop and discover financiers throughout the bearishness and, when the booming market returns, is a job that appears set for break-out gains. A 10 x gain, to around $4.20, is not too hard to envision needs to the marketplace make a huge healing. Diversification in any portfolio is likewise crucial and another green-focused job, like Cardano, is IMPT, which wishes to make the carbon credit tradeable for everybody to assist reduce the environment crisis. The task has actually simply released its presale and has actually raised more than $1.5 million in the very first 4 days. Read More

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pryankasblog · 3 years ago

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Development of DeFi smart contracts

The decentralized finance sector is skyrocketing. In our article, you will learn about DeFi smart contracts, their use, development opportunities, as well as the advantages and disadvantages of this instrument. Why do smart contracts in DeFi spread so quickly and play such a crucial role within the blockchain? Boost your knowledge with ICODA.

What is DeFi?

DeFi (Decentralized Finance) consists of financial instruments, services, and applications built on the blockchain. A decentralized finance ecosystem was originally envisioned as an alternative that replaces existing financial system standard technologies in banking with open source protocols, also known as decentralized finance protocols.

DeFi Development is rapidly improving and gives investors the opportunity to gain access to decentralized lending and contemporary platforms. It also allows investors to receive passive earnings from cryptocurrency assets through decentralized finance applications.

Decentralized financial ecosystem

Launched in late 2017, the MakerDAO platform was a pioneer among DeFi applications that have gained massive popularity. Since then, the total amount of funding placed in DeFi protocols (TVL, Total Value Locked) has continuously increased.

According to the data, TVL was $500 million in May 2019. In May 2020, it already totaled $950 million, and in November 2021 it reached a record amount of $236 billion.

Most of the existing DeFi protocols are built on the Ethereum blockchain, but some of the more modern applications are trending steadily upwards. As this financial sector grows, so does the need for decentralized applications (DApps) within it, requiring smart contracts that perform complex tasks. Such a need has led to the growing popularity of DeFi smart contract development.

What is a smart contract in DeFi?

The computer scientist Nick Szabo is the developer of the phrase "smart contracts." He came up with this concept in 1994; Furthermore, he invented a virtual currency called “Bit Gold” in 1998. The American scientist thought that regular legal contracts may be greatly enhanced by the creation of smart contracts employing digital security measures.

As an example of a smart contract, Szabo utilised vending machines that served coffee or offered snacks like chips and candies. The "contract" customers invested their cash in a device that would automatically uphold the terms of the contract and make the transaction.

As for the definition, a smart contract in DeFi Token Development is a piece of code that can be executed automatically. DeFi smart contract code is generally held and uses the blockchain to increase its reliability and protection. You can independently receive, store and transmit funds; furthermore, it calls other smart contracts when needed. It follows if-then semantics to simplify its programming and acts as a component that allows DeFi protocols to work efficiently. All DeFi, DApps, and protocols need properly coded smart contracts.

Smart contracts were initially invented to eliminate human intervention in decision-making, as unavoidable human error is the most frequent source of damage or instability in traditional contracts. Nowadays, smart contracts take on the functionalities of decentralized financial protocols, which increases their efficiency.

Which decentralized financial services use smart contracts?

The predominant blockchain that operates DeFi smart contracts is Ethereum. On Ethereum, smart contracts are usually made up of a programming language called Solidity.

According to State of the dApps, nearly 80% of DeFi applications run on the Ethereum network. Smart contracts are also supported by Solana, the quickest cryptocurrency currently active on the block. These two main players are followed by Polkadot, Ergo, Cardano and Algorand.

Smart DeFi

We can divide DeFi Development Services into different categories, and these are DEXs and DApps – decentralized exchanges and applications. If you want to trade coins and currencies safely, without interruptions and controls by humans, it is better to use DEX. But you have to be careful with decentralized networks because there is no way to return or recover your money from a failed transaction.

How to avoid money leaks:

1. Check the details of the transaction and the network.

2. Please check the deposit or withdrawal address carefully.

3. Be sure to remember your secret key, which is usually 12 or 24 words long, and your password.

#Cryptocurrency #defi development company #defi development #DEFI TOKEN DEVELOPMENT #Defi wallet development #defi development services #defi developer #bitcoin

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ailtrahq · 2 years ago

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In a recent development, Tether’s Chief Technology Officer (CTO) Paolo Ardoino has clarified the recent transaction that occurred in Tether’s treasury. 1 Billion USDT Authorized Not Issued In a tweet shared on his X (formerly Twitter) platform, Ardoino explained that the 1 Billion USDT which Whale Alert had referenced in a tweet as “minted” was authorized but not issued (not in public hands yet). 💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,719,999 USD) minted at Tether Treasury — Whale Alert (@whale_alert) September 19, 2023 According to him, these tokens were used to restock the issuer’s treasury wallets on the Tron Network. Ardoino further explained that the 1 billion USDT will be used as “inventory for next period issuance requests and chain swaps.” Tron continues to account for most of the USDT in circulation as there are currently more than $43 billion in USDT authorized on the blockchain (although $947 million of these tokens haven’t been issued yet). Transactions like the one under consideration usually occur when a customer requests to perform a cross-chain swap for an amount that exceeds the one in Tether’s treasury wallets on the destination blockchain. For accountability purposes, the USDT issuer has to balance its reserves on that particular blockchain. After the new tokens are minted on the destination blockchain, Tether either burns the same amount of tokens on the initial blockchain (in order to balance its circulating supply and its dollar reserves) or retains these tokens and uses them for future chain swaps. Tether's stablecoin at $83 billion market cap | Source: Market Cap USDT on Tradingview.com Tether’s Dominance The world’s largest stablecoin by market cap is currently available on Bitcoin, Ethereum, Algorand, Avalanche, EOS, Polkadot, Polygon, Solana, TRON, Tezoz, and Kava. Meanwhile, its closest rival, USDC, currently supports 14 blockchains, namely Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Solana, Stellar, and TRON. Despite this, Tether and its USDT stablecoin have dominated on all fronts and in all metrics that matter. The stablecoin currently boasts a circulating supply of over 83 billion USDT in comparison to USDC’s 26 billion. For one, the circulating supply is proof that many in the crypto community seem to have a preference for USDT over other stablecoins, including USDC. As USDT and USDC continue to battle it out for most of the stablecoin market share, other stablecoin issuers and their stablecoin are experiencing difficulties in the market. For example, a recent report showed that PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since it was launched on August 7. Meanwhile, Paxos, the issuer of the PYUSD stablecoin, also took another hit as Binance recently began the process to axe the BUSD stablecoin (which Paxos also issues) from its exchange. Source

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oliverjames34 · 3 years ago

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TOP 10 CRYPTOCURRENCIES SET TO EXPLODE IN THE SECOND HALF OF 2022

by Sayantani Sanyal June 10, 2022

These cryptocurrencies demonstrate a bright future for the crypto market

Cryptocurrencies might have started out as a revolution in the traditional financial and economic markets, but since their adoption into the mainstream markets, this investment class has made it to the top of the investment pyramid. Institutional investors and centralized banks are also considering adopting digital assets to gain profits when they surge and offer their customers safe crypto transaction means. Despite the volatility, several cryptocurrency investors are staying on the lookout for the next big cryptocurrency, in other words, the next Bitcoin contender. By the end of the year 2021, cryptocurrencies surged massively and even declined to their lowest points. But crypto fanatics did not lose hope. Instead, they held onto their crypto investments, until Terra Luna blew up the reputation of the crypto ecosystem. Currently, investors are wondering which digital coin will accumulate the biggest potential return. Well, even though, it might be quite hard to intercept the next cryptos to invest in, there are certainly several contenders that have made their position in the market amid this tumultuous state of the market. Here, we enlist the top cryptocurrencies that might turn into profitable investments in 2022.

Ethereum

Ethereum surely is one of the top contenders that might overtake Bitcoin in the near future. Since Terra’s massive blow, major cryptocurrencies like BTC and Ether have remained stagnant and have been unable to recover their values. But not all hopes are lost! The ETH 2.0 upgrade is still due and is expected to become a catalyst that will surge Ethereum’s market value soon.

Cardano

Recently, Cardano is hitting the headlines as the next big cryptocurrency. The ADA network is one of the most popular and fast-growing blockchains that follows secure and sustainable use cases in the real world. The ADA token has recently acquired extended attention as a proof-of-stake blockchain. Investing in Cardano might be a wise investment choice in the second half of 2022.

Binance Coin

Binance Coin is another cryptocurrency that should be on your watchlist in 2022. Binance is the world’s largest cryptocurrency exchange based on trading volumes and the number of users. Its native coin BNB can be used for investing, payment processing, and booking travel arrangements. BNB also supports the Binance Smart Chain, which is home to a range of other cryptocurrencies.

Tether

This is quite a known fact that Tether sits at the top of the stablecoin pyramid. Even though stablecoins have lost the trust of the investment community after UST depegged from the dollar, Tether still continues to be a favorable investment option. It might not be blindly trusted, but its nature is not as volatile as the rest of the cryptocurrencies.

Decentraland

Decentraland is a virtual reality game based on the ETH blockchain which uses the MANA tokens as the in-game currency. Users can purchase goods and services, buy land and visit other players in the game. The Decentraland platform enables these gamers to create and monetize their content on the internet, also providing alternate means of income. DEcentraland has risen lately due to its massive role in developing metaverse gaming.

The Sandbox

The Sandbox is a metaverse cryptocurrency that has been soaring lately. Even though the crypto market is in a vulnerable state right now, the SAND token has maintained a consistent reputation of being a profitable investment due to the rising popularity of the metaverse.

Algorand

Algorand has positioned itself as one of the biggest competitors of Ethereum. The crypto gained massive attention from the crypto community when El Salvador declared that it would establish its blockchain infrastructure using Algorand. One of ALGO’s biggest advantages is that it uses the ‘proof-of-stake’ algorithm that offers extensive security and scalability, and is also more sustainable.

Polkadot

Like ETH, Polkadot was also designed to support an ecosystem of decentralized applications and decentralized finance services. Polkadot is quite famous among Web 3.0 fanatics. DOT generally aggregates multiple blockchains. Its core blockchain uses the proof-of-stake consensus protocol which makes the platform extensively secure.

XRP

XRP is the native token of Ripple. It proposes a cheaper and more efficient alternative to the popular SWIFT system to process international transactions. XRP Ledger is Ripple’s open-source blockchain with the XRP coin as its native asset. It runs independently of the Ripple economy, and investors can use it for various purposes.

Apecoin

Apecoin made its way to the top in 2022. It is indeed a new cryptocurrency and represents the Bored Ape Yacht Club NFT collection. Since the crypto market meltdown, investors are moving towards the NFT market and, hence, Apecoin has been performing extremely well. Due to its present popularity, experts believe that in the future, APE will gain the potential to overtake major cryptocurrencies

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nadcablabs9616 · 1 year ago

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ailtrahq · 2 years ago

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MetaMask, the most widely used Web3 wallet, has announced the launch of a new mechanism that enables its use outside the EVM ecosystem. According to the MetaMask team, Snaps is a significant step towards making MetaMask fully decentralized and permissionless. MetaMask Outside The EVM Ecosystem The new software mechanism is called Snaps and aims to foster the wallet’s use on blockchain networks that are not natively compatible with the Ethereum Virtual Machine (EVM). So far, MetaMask has been primarily associated with Ethereum and Ethereum-compatible blockchains. These include Polygon, Arbitrum, BNB Chain, and Optimism. The introduction of Snaps will enable MetaMask’s use on non-EVM compatible blockchains such as Cosmos, Tezos, Algorand, Starknet, and Solana. “Today marks a major milestone for MetaMask: We’re launching MetaMask Snaps Open Beta, the first step towards our journey to create a fully permissionless ecosystem with MetaMask.” Snaps are software modules that can be integrated with the MetaMask wallet for several add-on use cases, such as making the wallet compatible across blockchain ecosystems using specialized code. A Significant Step The MetaMask team has stated that the launch of Snaps is a significant step in making MetaMask fully decentralized and permissionless. With the launch of Snaps, MetaMask reaffirms its commitment to building a peer-to-peer ecosystem of decentralized applications without any risk of censorship. The first iteration of Snaps will be featured in Extension v11.0+. This is already available to Google Chrome users. Meanwhile, the release for Firefox is under development and will be available to users soon. “You may wonder why would you want just any dev to build a feature for MetaMask. The answer is simple. We believe a decentralized internet accessible to all and owned by the people who use it, will give rise to human flourishing on an exponential scale. While our roots are in Ethereum and our expertise is grounded in building the leading self-custodial wallet, we appreciate that innovation occurs across many domains across the Web3 ecosystem.” Over 30 Snaps third-party apps for MetaMask are currently available on the wallet portal. The first generation of Snaps extensions can connect MetaMask to Cosmos (ATOM), Bitcoin (BTC), Starknet, Algorand (ALGO), Sui (SUI), Solana (SOL), and Aptos (APT). These are some of the most popular non-EVM compatible blockchains in the world. Solana Comes To MetaMask With Snaps, we will also see Solana-based NFTs and SOL be directly managed on MetaMask wallets. Additionally, Solana dApps will also be available on MetaMask. Filip Dragoslavic, Solflare co-founder, stated that the development will help erase the friction generally experienced when installing a new wallet. This has been a considerable hindrance and has stopped Solana users from interacting with the chain. Now, according to Dragoslavic, users can simply use MetaMask, which is the most popular crypto wallet. “Solana has an incredibly vibrant ecosystem of apps, of which many are only possible on Solana. This integration could be a game-changer to introduce the biggest user base in Web3 to just try Solana and see for themselves.” Solflare is one of 34 third-party developers who have developed Snaps to enable users to customize their notifications, customize their user interface, and get insights about transactions. Is MetaMask Airdrop Coming Closer? The MetaMask team has stressed that switching to a more decentralized mechanism is on the horizon for itself and the MetaMask community. “Today, MetaMask Snaps is not at the final destination of our vision to being a fully permissionless ecosystem just yet. This journey requires time, iterations, and improvements to accomplish.” This could mean that the highly anticipated airdrop of the hypothetical MetaMask token could be closer, as it represents the only way fully decentralized governance can be established. Source

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cladeymoore · 5 years ago

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Around the Block #9: Dawn of the DeFi Protocol Wars

Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart explores the dawn of DeFi protocol wars as well as other notable news in the space.

To participate in the emerging cryptoeconomy, sign up for Coinbase today.

A war is brewing on the blockchain

Blockchain-based applications are open and transparent by default. This is beneficial because anyone can inspect the project and confirm that things are working as they should. But it comes with an interesting side effect. Because the source code is public, it’s also simple for anyone to copy existing projects (“fork” the project), change a few things, and release a competing platform.

As the DeFi ecosystem grows, some projects are beginning to enjoy strong product / market fit, with real revenue streams. So it’s no surprise that the community is now wrestling with the implications behind protocol wars — the ability for anyone to fork a successful project and try to steal their market share. Let’s look at an example.

The First Protocol War: Sushiswap vs Uniswap

Protocol wars kicked off in late August when an anonymous group of developers suddenly announced Sushiswap, a new Decentralized Exchange (DEX) copied almost entirely from Uniswap, but with one small tweak: Sushiswap would add a $SUSHI token, acting as both a governance token (holders can vote on proposals and modifications to the platform), as well as accruing 0.05% (5bps) of all trading volume on the platform.

Adding the $SUSHI token wasn’t groundbreaking, but Sushiswap contends that their model provides better incentives for liquidity providers (LPs). If true, Sushiswap could gain more liquidity than Uniswap, leading to better trade execution for traders, and ultimately more volume for Sushiswap. This market is substantial as Uniswap is currently generating >$1M in fees per day (but paid primarily to LPs).

But there’s another wrinkle. Sushiswap also embraced yield farming as a fair token-distribution mechanism as well as a clever path to move Uniswap’s liquidity to Sushiswap. It works like this:

Supply liquidity (like ETH or USDC) to select Uniswap pools, which grants “Uniswap-LP-Pool-Tokens” that represent your share of liquidity in those pools

Deposit these Uniswap-LP-Pool-Tokens into a Sushiswap contract (“staking” them), and Sushiswap will supply a pro-rata portion of $SUSHI tokens as they are distributed. This is how $SUSHI is introduced to the market — given to users who commit their liquidity to Sushiswap.

At a specified point in the future, Sushiswap’s smart contracts convert all staked Uniswap-LP-Pool-Tokens into Sushiswap-LP-Pool-Tokens, simultaneously redeeming all staked Uniswap pooled assets and depositing them in identical Sushiswap pools.

The end result? Uniswap’s liquidity would automatically migrate to Sushiswap, fueled by users seeking to receive their pro-rata share of $SUSHI tokens! Effectively bootstrapping a new DEX while simultaneously crippling the incumbent. An all-out liquidity war.

So what happened?

Enough for a small novella. In brief, nearly $2 billion in Uniswap-LP-Pool-Tokens were deposited to Sushiswap contracts, earning their depositors $SUSHI tokens. Yields for these Sushiswap stakers topped 1000% APY at times, driving the surge. Meanwhile, on the back of such strong deposits, $SUSHI was listed for trade on DEXs as well as some centralized exchanges and quickly appreciated in value, hitting $300M in market cap.

Then it all started to unravel over the next week. The price began to drop as more and more tokens were minted to yield farmers, some of whom were only interested in selling them as fast as possible. The drop prompted the anonymous lead developer (“Chef Nomi”) to sell a $14M chunk of $SUSHI tokens to secure long-term funding. However this was a shock to the community and a betrayal of trust (he previously committed to avoid selling any tokens), and he was ousted from the project (later issuing an apology and returning the funds).

But the damage was done. While Sushiswap successfully migrated Uniswap’s liquidity and launched their exchange, the initial energy and enthusiasm had waned. To Sushiswap’s credit the project has now taken on a life of its own, targeting potential integrations with other blockchains like Solana, and charting their own path.

Interestingly, Uniswap didn’t take the attack lying down. While they previously didn’t have a native token, one could argue it suddenly became a critical disadvantage. So on September 17th, they unveiled $UNI as a governance token and promptly airdropped ~$1000 in $UNI to every previous Uniswap user, rewarding past contributions as well as continued loyalty by also distributing remaining $UNI through yield farming.

Today, Sushiswap sustains a respectable $300M TVL, $40M / day volume, and $100M market cap. Not bad for a one-month old project, but dwarfed by Uniswap with $2.2B TVL, $300M / day volume, and $300M market cap. The first battle belongs to the incumbent.

Other Attacks

Where Sushiswap pioneered the movement, others have quickly followed. As a few notable examples:

Swerve forked Curve

C.R.E.A.M. forked Compound and Balancer

YAM and BASED modified Ampleforth

… and more

All these attacks occurred over the past two months, with varying degrees of success. But notably, none have been able to surpass the incumbent. However each project has managed to survive and take on a life of their own, with their own communities building new features to optimize their products to their market.

Implications: Protocol Wars and the Future of DeFi

The fact that none of these attacks have successfully overtaken an incumbent is reassuring. Consider the implications if Sushiswap succeeded — one could argue that they would simply be predicting their own demise by proving the model of a successful attack. It would give wind to the sails for another copy-project to simply attack Sushiswap in the same manner! But their inability to surpass Uniswap as of today is an early but important datapoint that true differentiation may be needed to win in the open market. And coincidentally, Sushiswap’s new roadmap suggests more ambitious features that could bring this necessary differentiation.

The deeper implication is that switching costs in DeFi could be larger than perceived. While it’s simple to copy code, you cannot copy a community, a brand, trust, or broader integrations and mindshare. But whatever the reason, customers seem to be drawn to Uniswap over others, helping retain their current lead.

A few other observations:

Fair-launch yield farming may not be sustainable for long-term growth: Protocol war attacks are fueled by distributing the majority (and sometimes the entirety) of tokens directly to users of the protocol. But long-term sustainability requires long-term incentive alignment. Once your tokens are distributed, how can you incentivize developers to keep building? Will a community be able to properly shepherd and navigate these nascent protocols over time? Difficult questions with a lot of possible answers, but it’s unclear today.

Community governance will be challenging: Decentralized projects embracing token-based governance are new constructs and likely to come with many tradeoffs. This is exacerbated with protocol-war projects, which are by definition new and require rapid community formation to be successful. As such, they are likely to more naturally attract short-term stakeholders who may not be long-term aligned.

Plutocracy or Democracy? In the case of Sushiswap, a wealthy fund is widely rumored to be heavily involved, staking millions of dollars and obtaining a significant allocation of $SUSHI, enough to exert strong control over the protocol’s future. Many implications here, but these projects may end up resembling plutocracies rather than democracies.

Anonymity has a dark side: Many of these projects have anonymous founders (ala “Chef Nomi”), which can be both good and bad — enabling anyone in the world to contribute and own part of a new protocol, but also potentially enabling bad actors to create malicious projects that exit scam by stealing all the funds through a hidden back-door.

In the end, this new era will be fascinating to watch. They resemble a twist on blockchain forks, like Bitcoin vs Bitcoin Cash or Ethereum vs Ethereum Classic — but with applications rather than blockchains. Similar to forks, these applications must rapidly garner a community, demonstrate a superior product, and hope to overtake the incumbents. But just as we have seen with blockchain forks, you cannot fork a community, its developers, the trust it has built, or its brand and mindshare.

This bodes well for the future of DeFi. It means founders who build unique projects and work hard to garner a lead in community and traction could have some defensibility against protocol war attacks. Ultimately encouraging more builders to create new projects and push DeFi forward.

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Quick Hits: Commentary on Notable News

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Institutional Crypto News

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News from Emerging Crypto Businesses

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DeFi protocols surpass $10B in TVL; Uniswap becomes first DeFi protocol with $2B in total value locked

Ethereum 2.0 transition gets closer, Phase 0 proposal submitted

DeFi protocol bZx hacked again for $8M; attacker caught and returns funds

DEXs continue strong growth, volume hits $23.5B in September

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Around the Block #9: Dawn of the DeFi Protocol Wars was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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