Gora, a decentralized blockchain oracle network that enables developers to use off-chain data in their DApps, joins the Cointelegraph Accelerator program.
Smart Contracts News
Smart contracts are self-executing agreements with the terms of the contract directly written into code. They run on blockchain technology and automatically execute actions when predefined conditions are met, eliminating the need for intermediaries and ensuring transparency and trust in transactions.
These contracts work through if-then logic; if a particular condition is met, then a corresponding action is triggered. Specialized blockchains such as Ethereum, BNB Smart Chain and Cardano provide safe environments for the execution of smart contracts.
Smart contracts are typically written in programming languages like Solidity for Ethereum, enabling developers to create intricate business logic within the contract. Once deployed, smart contracts are immutable, meaning their code cannot be altered, ensuring the integrity of agreements. Their decentralized nature and cryptographic security make them ideal for various applications, including decentralized finance, supply chain management and voting systems, revolutionizing how agreements are made and executed in the digital age.
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ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.
3261Smart contract wallets promise many benefits to Ethereum users, including enhanced security capabilities and transaction programmability.
4257The devs argue that raising the gas limit to 40 million will cut Ethereum’s layer-1 transaction fees by 15%–33%.
9830ParaSwap paused the v6 API soon after discovering the vulnerability and secured the potential victims’ funds through a white hat intervention. Plans to reimburse potential victims are underway.
2294An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
27139Blockchain technology and DeFi promise a new era of digital finance but are hindered by complex user interfaces and inefficient development practices, impacting security and adoption.
13893Multicoin Capital and Protocol Labs led a $73 million raise for a new cryptography startup which aims to make the “entire internet encrypted end-to-end.”
3456Seamless’ first Integrated Liquidity Market will enable stakers on Lido to automatically use a borrowing strategy and compound positions on wstETH.
11216The emerging Bitcoin layer-2 sector will be one of the main narratives driving BTC’s price to unprecedented highs in this bull cycle, says Bitcoin OG Dan Held.
8162A Cornell Tech professor and blockchain luminary has written a cautionary novel about smart contracts gone rogue.
1494Bitcoin smart contract and scaling platform tokens such as Stacks and RIF have become beneficiaries of the recent Bitcoin surge.
6203The partnership will bring new AI capabilities to decentralized applications.
14756The Stellar Development Foundation has finally rolled out Stellar smart contracts after 16 months on testnet.
2627Researchers from Salus Security tested GPT-4 and other artificial intelligence systems’ ability to detect seven common security vulnerabilities.
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