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Cardano launches smart contracts after successful hard fork
Cardano has announced the completion of its Alonzo hard fork, ushering in its long-awaited smart contract functionality.
On Monday, IOHK tweeted that the upgrade had been completed successfully at epoch 290, facilitating the creation and execution of smart contracts on the public blockchain for the first time.
Despite celebrating the milestone, Cardano notes that it is still in the “early days for the project,” asserting that now is when “the mission truly begins” in a blog post published on the same day:
“This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.” Read More
New blockchain platform aims to track one-third of all shipping containers globally
Global Shipping Business Network (GSBN) has launched a new blockchain-based platform that could potentially track one-third of shipping containers across the globe.
The GSBN was incorporated in March 2021 by eight global national freight maritime cargo companies to build a blockchain platform that digitizes shipping processes, such as document issuance, clearance, and logistics data.
Members of the Hong-Kong-based nonprofit consortium GSBN are said to “account for one in every three containers handled in the world,” and this may soon be verifiable on the blockchain once the platform is fully utilized. Read More
How Decrypt Is Driving Media Decentralization
Decrypt is building out a media DAO and has added some of the smartest thinkers in DeFi, DAOs, and NFTs as advisors. Next up, we seek engaged community members.
Season 2 of Decrypt’s decentralized media mission is here.
When we launched Decrypt in 2018, we aimed to do more than create the best cryptocurrency news site: we wanted to become the first true Web 3.0 publication.
We all know the traditional media model is broken. Content creators get shorted, while large corporations squeeze what little revenue they can out of news brands by using intrusive banner ads or auto-play video ads that create a terrible experience for readers. Trust is mostly eroded. Read More
India's Cryptocurrency Legislation Will Be 'Distinct and Unique,' Says Lawmaker
The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.”
Jayant Sinha, a lawmaker of the ruling Bharatiya Janata Party, talked about India’s cryptocurrency legislation Wednesday at an event organized by the Blockchain and Crypto Assets Council (BACC) of Internet and Mobile Association of India (IAMAI). Read More
There are many types of scams society has fallen victim to that have been around for decades. Charity scams, insurance scams, et al. are all too common, and they are more rampant than ever now we have the internet. And as technology emerges, anyone can simply create a crypto token which opens a pandora’s box of newly defined crypto chaos.
The cryptocurrency market has exploded since the inception of Bitcoin, with 1000s of alternative coins now listed on various exchanges. Many have earned the respect of the crypto community by applying actual use-cases with developing technologies. While prominent cryptocurrency coins display transparency, genuine utility and serve a purpose for a decentralized application or an associated blockchain, many altcoins hold no real value.
These coins are referred to as shitcoins and have no discernable purpose, and they are often targeted towards less experienced people in an effort to exploit them. The term shitcoin is commonly used for a copy or clone of another well-known crypto, or it can be a brand new project. It’s very much based on personal opinion. Read More
EY selects Polygon to scale its enterprise blockchain products on Ethereum
EY is integrating its blockchain products with Polygon to mitigate the high fees and congestion associated with transacting on the Ethereum mainnet for its enterprise clients.
Announced on Monday, Ernst & Young’s flagship blockchain services, including EY OpsChain and EY Blockchain Analyzer, will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain.
EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon. Read More
Platform strives to bring businesses and individuals the future of tokenization
A new decentralized token platform strives to provide every person with access to the world of tokenization.
Tokenization is far from a new concept. For perspective, tokens were used back in the British Empire when there was a lack of fiat money and continue to be used when citizens pay with coins or bills in their local currency. Today, the same concept is being used alongside blockchain technology to increase liquidity and reduce the time required to execute a trade.
While just about everything can be tokenized on the blockchain, the actual process of creating tokens is lengthy and expensive. Sometimes even requiring the help of experienced developers to complete.
Recognizing the potential for new projects, the platform Tokel has aimed to help businesses and organizations take advantage of token economics, creation and management of tokens, and tokenize assets. Read More
ADALend Is Building a Cardano Native, Scalable, and Decentralized Lending Protocol
ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the DAO and based on a pure Cardno native token ADAL. Until now Ethereum based platforms like Aave have dominated the DeFi lending space, but the team at ADAlend believe the time is right for a changing of the guard.
The speed and low transaction costs of Cardano (compared to the extortionate gas fees on Ethereum) make it the perfect blockchain upon which to build a democratic lending platform for anyone in the world who wants to borrow dollars without spending their crypto or earn a market-beating yield on their digital assets. Read More
UK Post Office Adds Option to Buy Bitcoin via Easyid App
U.K. Post Office’s Easyid app is adding the option to buy bitcoin starting this week. Through the free-to-use Post Office app, customers can access Swarm Markets, a regulated crypto exchange, to buy bitcoin and ethereum.
The U.K. Post Office is introducing an option to buy cryptocurrencies via Easyid, its ID verification app. Post office customers who have verified their identity using the app can buy vouchers that can be redeemed for cryptocurrencies.
The Easyid app will offer access to Swarm Markets starting this week, the Telegraph publication detailed, adding that the app has “tens of thousands of users.” Berlin-based Swarm Markets, a crypto trading platform regulated by German financial regulator, BaFin, announced Friday: Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
