Altcoin News by Thebittimes.Com

Investors and entrepreneurs can create and execute investment agreements directly on the blockchain. The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates. One significant aspect of this disruption is the tokenization of assets. Blockchain enables the creation of digital tokens representing ownership in assets or companies. This tokenization allows for fractional ownership and liquidity of traditionally illiquid assets, such as real estate or early-stage startups. It expands investment opportunities, enabling a wider range of investors to participate in ventures by owning tokens, even with small amounts of capital. Another key aspect is the use of smart contracts. These self-executing contracts with predefined rules and conditions are encoded on the blockchain . Smart contracts can eliminate...

A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA). In a May 16 report, the traditional finance sector lobby group , along with international consulting firm Boston Consulting Group (BCG) and others, asked both regulators and traditional financial institutions to take a more serious look at the upsides of the technology. A distributed ledger is an umbrella term for a system that records transactions and digital information. A blockchain is a specific type of distributed ledger. “Distributed ledger technology holds promise for driving growth and innovation,” said Adam Farkas, GFMA’s Chief Executive. “This potential should not be ignored or prohibited where regulatory oversight and resiliency measures already ex...

The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace. The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other users on the platform for predefined periods of time. This allows users to earn passive income off of their metaverse assets.  Decentraland classifies LAND owners as accounts or wallet addresses which own the smart contract for LAND, whether it be “a Parcel, an Estate, or both." All LAND rentals are performed in (MANA), the native token of Decentraland and paid upfront in total. The platform gave examples of digital universities renting out land to build campuses or DJs renting space for a club or party. Similar to most rental contracts of physical properties, Decentraland landlords can not sell the land, nor can they ...

The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities. The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of Smart Contracts vulnerabilities or teach hackers how to exploit them.  ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” with the ability to answer follow-up questions and even admit mistakes, according to the company. However, some Twitter users have come to realize that the Bot could potentially be used for both good and evil, as it can be prompted to reveal loopholes in smart contracts. Stephen Tong, co-founder of smart contract auditing firm Zellic asked ChatGPT to help find an exploit , presenting a piece of smart contract code. OMG WTF pic.twitter.com/I2hE0e5ppq — cts (@gf_256) December 1, 2022 The bot responded by no...

Binance is officially launching its oracle service in October 2022. As oracles – data bridges between distributed ledgers and the outside world – are becoming increasingly central to the blockchain ecosystem , there couldn’t be a better time for Binance to unveil its reliable and secure blockchain data service. Keep reading to learn more about the structure and functions of Binance Oracle. (Courtesy of Binance) To understand Binance Oracle, one must first understand what a blockchain oracle is. Blockchain oracles are services that allow smart contracts to access data from sources that can be found outside their native networks. In other words, an oracle is a bridge between the blockchain and the real world. These services can help smart contracts access outside data and execute based on off -chain inputs . Why Has Binance Entered the Oracle Field? Binance sees tremendous opportunities within the field of blockchain oracles and believes that contributing to this sector will ...

Moonbeam, the top destination for cross-chain connected applications, has extended its interoperability capabilities through the addition of  Hyperlane, an interoperability platform for building interchain applications. CROSS-CHAIN MESSAGING  As a smart contract platform optimized for cross-chain scenarios. Moonbeam is designed to serve as an ideal deployment destination for applications that live across many chains. The addition of Hyperlane gives builders on Moonbeam even more  cross-chain messaging  capabilities and extends the number of networks connected to it, enabling developers to better construct all-in-one applications that securely communicate across many blockchains. CONNECTED CONTRACTS Cross-chain applications rely upon two core components to be effective: a number of smart contracts on various blockchains and a way to securely message between each of these instances. Moonbeam’s design allows it to be the hub of these many smart contracts, where connected contract...

Cardano founder Charles Hoskinson has repurposed the Ethereum Classic Twitter account to now benefit the Ergo Platform. Source: https://thebittimes.com/670k-follower-eth-classic-account-turns-into-ergo-what-happened-tbt25732.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Altcoin News Post by: TheBitTimes.com