Simply put, smart contracts are blockchain-based algorithms that execute when certain criteria are met. They are often used to automate the implementation of a contract so that all parties can be certain of the conclusion right away, without the need for an intermediary or additional delay. They can also regulate a process so that the following action is executed when circumstances are met.
By eliminating the need for a middleman, legal system, or outside regulation through smart contracts, anonymous parties can carry through operations and agreements without paying any costs to these third parties and foster frictionless business practices.
They have altered the entire world. Smart contracts are perhaps the most important breakthrough since the discovery of the World Wide Web.
Immutable, a Web3 gaming company, and Polygon have partnered up to create a new Web3-driven effort that will be known as Immutable zkEVM. This attempt will be driven by the new zkEVM technology that will be developed by Polygon, and its goal is to integrate a greater number of gamers and programmers into the Web3 … Read more
By extending its services to the BNB Chain, Uniswap will be able to provide its customer base with a network that charges cheaper costs for individual transactions. It is possible that Uniswap has recently officially started on the BNB Chain network that Binance built as part of its ambitions to boost the availability and liquidity … Read more
A short while ago, the Filecoin Virtual Machine (FVM) became operational (1) on the mainnet. As a result, the blockchain underlying the payment system can now handle additional functionalities. Smart contracts and the ability for users to program through the Filecoin Virtual Machine are examples of these features. The launch of the FVM on the … Read more
As the decentralized lending protocol, Euler Finance attempts to recover from Monday’s $196 million hack, and it is leaving no stone left in its investigation. For the past two days, the Ethereum-based noncustodial lender has communicated with the hacker via several on-chain messages to negotiate a settlement with them. The conversations, on the other hand, … Read more
One of the co-founders of OneRare foodverse shared his excitement about his company’s new partnership with Maggi. Maggi, a well-known seasoning brand worldwide, is preparing to introduce its first digital collectible in the OneRare Foodverse. Maggi’s launch date couldn’t have been picked at a more advantageous time. NFTs have begun to show signs of improvement … Read more
Hacking is one of the most pervasive threats to the growth and acceptance of cryptocurrency. Over the years, the sector has incurred (1) substantial losses through many vulnerabilities in crypto blockchain systems & related platforms. While there are many varieties of cyberattacks, zero-day flaws have risen to prominence as a preferred method of attack. The … Read more
The MiCA law emphasizes the management of crypto asset service providers and imposes stringent regulations on them. After the passage of the ground-breaking cryptocurrency law, the Secretary of State of Digitization in Belgium, Mathieu Michel, disclosed that European legislators are exploring constructing their own blockchain. Politicians are investigating blockchain technology as a potential solution to … Read more
Ripple CEO Brad Garlinghouse addressed his company’s exposure to the failed Silicon Valley Bank (SVB) in a Twitter thread on March 12 that was directed to his 700,000 followers. In the thread, he emphasized (1) that Ripple remains financially stable despite the risk. The executive pointed out that although Ripple has exposure to SVB as … Read more
Nissan is not the first automobile manufacturer to submit a patent application for one of its vehicles. Several trademark registrations for Web3 have been submitted by General Motors, Ford, and Mercedes, respectively. Four applications for the web3 trademark have been submitted by the Japanese automobile manufacturer Nissan to the United States Patent and Trademark Office … Read more
The Danish toymaker Lego is expanding its assault into the virtual world by joining forces with the video game industry facilitator Epic Games. The Lego Group is teaming together with game engine maker Epic Games to develop a metaverse-driven effort aimed at the digital market. According to sources, the famed Danish toy company intends to … Read more