Author: dfmines

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General Conclusion Risk is one of the most prominent issues in traditional financial markets. In particular, risk helps investors to quantify a specific number representing an asset value, in order to assess whether that level of risk is acceptable. In DeFi, however, risk is often undervalued as the majority of participants do not fully appreciate…
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Smart contracts have been in the crypto space for quite a while now, most recently debuting on Cardano. With the rise of decentralized finance (DeFi), smart contracts have become even more important to the entire industry. This is because they are required to build the protocols on which these decentralized applications (DApps) run on. As they have grown in popularity, smart contracts platforms like Ethereum and Solana have recorded great success with them. Cardano has been working on bringing smart contracts to its network for a while and on September 12th, that dream became a reality with the final launch of the Alonzo Hard Fork Combinator (HFC). The arrival of smart contracts capability on the network was widely celebrated in the industry. But now, Founder Charles Hoskinson does not believe the term does justice to what Cardano actually does. Related Reading | Why The Hydra Layer 2 Solution Is Important To The Cardano Network The disagreement with the term smart contracts comes after a user pointed out that what Cardano does is actually very different from smart contracts. The user, @_KtorZ_, pointed out that the network deviates from what established smart contracts platforms do, referring to the network as “atypical.” Compared to most existing smart-contract platforms, Cardano takes a much different road. Recently, we've seen a lot of discussions going on about “concurrency issues” and “EUTXO vs accounts”. While equally expressive, Cardano programmability is different and atypical. — KtorZ (@_KtorZ_) September 18, 2021 Cardano Does Not Have Smart Contracts Hoskinson posted a tweet wherein he agreed with the user pointing out that the term smart contracts do not do justice to what the platform does. Instead agreeing that a new term is needed instead of smart contracts to describe the network’s capabilities. This new term which the founder had agreed with is programmable validators. Agreeing with the user who pointed it out, this term better describes Cardano’s programmability. Related Reading | Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents Matthias gets it absolutely right. Programmable validators instead of smart contracts https://t.co/8VVESJ8MYU — Charles Hoskinson (@IOHK_Charles) September 19, 2021 ADA price falls to $2.1 range | Source: ADUSD on TradingView.com Explaining further, the user pointed out that unlike existing platforms like Ethereum and Solana, one could not just deploy a smart contract on Cardano. “Instead, validators are implicitly referred to by hashes prior to their use, and they are disclosed upon activation,” the user said. Meaning that the validators do not produce anything on the network. All they actually do is “just validate.” In closing, KtorZ explained that the term “smart contracts” felt like an imprecise term. “I’d prefer more specific terms such as ‘on-chain validators’ and ‘off-chain code.’ If anything, ‘smart-validators’ sounds already much better to me,” they added. Featured image from Coingape, chart from TradingView.com

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I’m working with the directors of We Are As Gods (a new film on Stewart Brand) that they have decided to release through NFTs minted on Mirror! By releasing the film through blockchain technology, we’re exploring a new distribution model for the future of storytelling. This is an exciting new way to support independent filmmakers,…
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As sure as the charts go to the right, one thing is for certain. You will either hear, "AHAHAHA should have bought the dip, it was obvious." "Why did you Sell Low, Now You'll Buy High" "Never a doubt" "This is why you HODL" "Imagine selling LOLOL" OR "We told you to sell, that's why…
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Bitcoin kicked off this week on the red, and the rest of the crypto market followed. In the top 10 cryptocurrencies by market cap, BTC and Ethereum are amongst the most resilient for the weekly chart. In that time, the market has been hit by a succession of “buy the rumor, sell the news” events, and one major macro factor with the potential default of Chinese real state giant, Evergrande. Thus, the levels of uncertainty have been on the rise. Related Reading | Did Bitcoin Really Experience A Flash Crash Down To $5,400? In the middle of this storm impacting Bitcoin and other major cryptocurrencies, there is a select group that has managed to stay in the green. According to a recent report by Arcane Research, the assets that comprised their middle-cap altcoins index recorded some profits as the bearish trend unfolded. For the 30 days chart, the Mid Cap Index comprised of cryptocurrencies such as Tezos, Algorand, and Avalanche showed small profits. These tokens have seen a massive rally during Q3, 2021, and were amongst the biggest losers during this week’s bearish trend, but they are still up 5% in the monthly chart, as seen below. In opposition, Bitcoin records a 9% loss in the 30-day chart with similar losses for Ethereum, Cardano, Solana, Binance Coin, and other major cryptocurrencies. Smaller assets experienced the highest losses for this period with a 14% loss by September 21. Arcane Research noted: As often happens during market turmoil, the Bitcoin dominance increases, as altcoins often act as high beta play on the crypto sector. The last week, bitcoin’s market share increased by 1.14% grabbing market share from the other big coins like ETH, ADA, and SOL. Bitcoin Reacts To Macro Factors, What’s Next? In a separate report, investment firm QCP Capital analyzed the bigger picture for Bitcoin and the crypto market. Although mid-caps preserved part of their gains in higher timeframes, they will most likely follow BTC’s price trajectory in the short term despite their fundamentals. Related Reading | Bitcoin Holders Take Profits As Price Falls, Indicators Remain Bullish? The first cryptocurrency by market cap faces September, a month that has historically been bearish for the asset, and potential complications from regulators in the U.S. and the performance on the Asia markets due to Evergrande. As QCP Capital noted, tomorrow September 22, will be crucial to determine the trend in the short term. Bitcoin must hold the $40,200 support in case of more downside pressure when the market re-open after a long weekend. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The firm expect some government intervention to rescue the real estate company. This could result in the best-case scenario for Bitcoin and the crypto market, but there is a lot of fear and uncertainty about China’s approach. QCP Capital said: (…) the lack of guidance so far from Chinese regulators is scaring the market. The fear here is that President Xi could allow. Evergrande to fail as an example to the other real estate players ahead of the 100th anniversary of Chinese Communist Party (CCP) in 2022. He has already taken draconian steps with Big Tech and Education. At this point, the market has already priced in Evergrande’s equity as worthless (…). At the time of writing, Bitcoin trades at $42,814 with a 2.6% loss in the daily chart.