The ‘Binance Smart Chain’ whitepaper has attracted criticism from the crypto community, drawing predictions that the chain will be prone to centralization.
Smart Contracts News
A smart contract is a protocol that enforces the performance of a contract with adding the terms of the agreement into the code. Smart contracts are a great way to exclude any third party from the transaction and make transaction prices lower, as they need no validation.
Smart contracts are implemented in a lot of cryptocurrencies to control the transfers of digital currency, establish a governance and a lot of other things. But smart contracts have a wider range of possible implementations. Smart contracts may be used in voting, management, machine-to-machine interactions in the internet-of-things, real estate and in the building of personal data storage with specific access policies, e.g., medical databases.
Still, smart contracts are not perfect. They don’t exclude the possibility of bugs or fraud and have no way of changing post-factum, which may be necessary in some cases.
Smart contracts on the Ethereum network are up almost 3x from the previous month to nearly 2 million, while deployment costs for the network are at a low.6400
RSK is entering the enterprise blockchain field with a pilot program designed to improve the direct debit process among Argentinian banks and financial institutions.4742
A startup has launched a leveraged token and a decentralized stablecoin based on Bitcoin-powered RSK and its second layer solution RIF.5947
Tencent’s digital bank WeBank is integrating the DAML smart contract language for the chain that will undergird China’s national Blockchain-Based Service Network.6548
With an undercurrent of crypto funding in indie film projects, is there enough potential to disrupt the entire industry?13642
A company now offers blockchain-based advertising across major social networks, offering advantages for advertisers and content creators alike.11146
The team behind CryptoKitties and the Flow blockchain, Dapper Labs, has revealed a partnership with Libra to share technology between the two projects.2340
Why testing smart contracts is crucial, what problems it can and cannot solve, and how to do it.3686
ANSA, Italy’s main news agency, partnered with Ernst & Young to combat fake coronavirus news with blockchain.3489
ZenGo has identified a major security flaw prevalent among DApp wallets whereby users grant complete access to their tokens by authorizing a single transaction.1714
“When the world comes back, it will be Bitcoin, not banks and governments that save the day,” famous investor Tim Draper said.22638
Waves has unveiled several upgrades to its enterprise platform, including a drastic increase in smart contract execution speed and licensing fees to operate on the network.2422
Chainlink and Hdac Technology are developing a new system to bolster smart contract execution using off-chain data.5690
A noncustodial smart wallet for both cryptocurrencies and DApps has sealed fresh funding as its attempts to challenge existing offerings in the industry.2529