Insurance startup Tidal Finance has raised a $1.95 million seed round for its TIDAL token, led by European digital asset company KR1. New York-based Tidal will use the Polkadot blockchain to allow users to contribute funds that insure a set of decentralized finance (DeFi) applications against smart-contract failure or breaches Read more…
An “oracle” sends data from the outside world, such as the daily temperature or the number of votes a political candidate received, to a blockchain such as Ethereum. A smart contract on the blockchain can then use the data, typically to make a decision about whether to dispense money and Read more…
Public chain projects Nervos and Cardano have jointly launched a research initiative to enhance the security of smart contracts by improving Unspent Transaction Outputs (UTXOs), one of the most common accounting methods first adopted by the Bitcoin network. Nervos and IOHK, the development team behind Cardano, will co-author research papers Read more…
IOHK, the development team behind public blockchain project Cardano, said it is set to launch a hard fork in December as part of the transition to the third development phase of the protocol. Dubbed “Goguen,” the third phase will be focused on the protocol’s integration of smart contracts after building Read more…
Another decentralized finance (DeFi) project was rug-pulled Tuesday, with some $10.8 million in investor funds stolen due to a hidden backdoor in the project’s smart contracts. Compounder Finance – a self-described clone of Harvest and Yearn Finance built by pseudonymous programmers – had its contracts drained of $750,000 worth of Read more…
Curve Finance, a decentralized exchange, will distribute nearly $3 million in accrued fees to the platform’s governance token holders, following a community vote. On Friday, a week-long voting period seeking to determine how “admin fees” were to be allocated closed in favor of token holders. Now, in three days, some Read more…
Bitcoin stuck around $10,400 for most of Tuesday. Meanwhile, ether holders are increasingly choosing smart contracts to park the cryptocurrency. Bitcoin (BTC) trading around $10,494 as of 20:00 UTC (4 p.m. EDT). Gaining 0.10% over the previous 24 hours. Bitcoin’s 24-hour range: $10,357-$10,532 BTC above its 10-day moving average but Read more…
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning Read more…
“Republican_win”; “Democratic_win.” These are the parameters (and call functions) for the first smart contract escrowed bet placed on Bitcoin’s mainnet. On Sept. 8, BTCPay Server founder Nicolas Dorier and Suredbits founder Chris Stewart entered the bet on the 2020 U.S. presidential election outcome using a discrete log contract (DSL), a Read more…
The Takeaway Under development by the LNP/BP Standards Association, the RGB protocol entered beta in June. The second layer network promises to bring smart contracts and tokenized assets to Bitcoin with a Lightning Network-esque technical design. RGB could be used to issue tokenize securities and nonfungible tokens (NFT), and to Read more…
