Tag: smart contracts

While the term “smart contract” piques a lot of interest, especially since they can remove intermediaries in the construction, execution, and enforcement of a contract, and enforce contracts automatically, trustlessly, and impartially, they may not be as smart as we believe them to be. Jimmy Song, a bitcoin educator, developer, and entrepreneur, believes that smart contracts are unfortunately not very…

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Streamity team announced StreamDesk service launch dates and explained its future plans. There is little time left until the launch of Streamity project’s main service. In the run-up to this event Streamity team presented its alpha-version, which is accessible for testing to those people who want to check out service functionalities. StreamDesk is a decentralized platform for cryptocurrency exchange, which…

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In what seems like the world’s first revenge cryptocurrency transaction, an Australian cryptocurrency firm is being investigated by the police after allegations that it fraudulently used a “software backdoor” to reclaim its digital tokens following a failed business deal. Cryptocurrency Firm Gone Rogue As per an Information Security Media Group (ISME) report on June 5, 2018, Soar Labs allegedly scammed…

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Couger, a Tokyo-based startup is currently working with blockchain technology, artificial intelligence (AI), and augmented reality to create a virtual human agent or a ”virtual girlfriend.” Atsushi Ishii, the CEO of Couger said at the Community Ethereum Development Conference (EDCON) in early May that the combination of these technologies is a first. Couger was one of the startups that passed…

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Cardano, the world’s seventh largest cryptocurrency by market cap, quietly launched its first smart contract testnet on May 28, 2018, and the developments are tremendously forward thinking. Building Trust in Blockchain Projects According to an official release by IOHK, Cardano’s parent organization, the blockchain project launched its KEVM testnet, a “correct-by-construction” version of the Ethereum Virtual Machine (EVM), on Cardano’s…

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The distributed ledger technology is now the word of the day. Companies are showing an increased interest in the technology while multiple projects are being developed across several industries. The Freelancing and Outsourcing industry is one of the sectors waiting to leverage its potential by using the blockchain technology. Right now a few projects are looking to use the distributed…

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China publically issued the world’s first government-issued blockchain and cryptocurrency ratings on May 17, 2018. The development is the first in a series of steps planned by Beijing to regulate the burgeoning digital asset class. Ethereum at Number One, Bitcoin at Number 13 According to a report on a website owned by China’s Ministry of Industry and IT, the Asian…

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A decentralized autonomous organization (DAO) has paramount implications for the tech world and the human society in the global economy. Blockchain smart contracts administer clearly defined agreements without an overseeing force, unlike current formal or informal agreements where a boss, judicial system, etc. oversee the execution of contract terms. Through the use of an immutable blockchain and its smart contract,…

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The government of Tennessee now officially recognizes Smart Contracts. This is a great news if we speak of the broad publicity component. By virtue of such events, the blockchain technology and all that’s related to it are drawing closer to become a standard approach and the way of how things work. However, the practice shows that the deeper you delve…

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Recently, the world has witnessed the emergence of two financial groups; fiat and virtual currencies; with people divided over the benefits of one over the other. However, the divide is poised to narrow down with the introduction of a crypto-to-fiat loan option. A blockchain-based lending company built to “provide cryptocurrency lending with the use of digital assets as collateral for…

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