Author: dfmines

As the title asks, with how most blockchain technology is structured, is it feasible that a ransomware be constructed to decimate a block or the entire chain? submitted by /u/bdesmot [link] [comments]

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Hey guys! Sorry, not sure where to post this but I really felt like I needed to share this! ​ My semi-distant cousin has been working for Rockstar Games for a few years now. She was over for a family gathering this past weekend and so we had a chance to sort of catch-up (I…
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A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New […]

I wanted to validate some GETH behaviour & assumptions please. Host: Windows 10, multiple SSDs, 32 GB RAM, 3 GHz CPU & 50 Mbits bandwidth Geth/v1.10.8-stable-26675454/windows-amd64/go1.16.4 ​ 1) I note when syncing (full) on Ropsten, the first 1 – 2 million blocks come in less than an hour, then a progressive slow down occurs, to…
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I was just going about my life without a care in the world. Enjoying my evening just like any other VET holder would. In fact, I was actually doing some research into VeChain and why it's so great. See, the problem with VeChain is there's so many new developments it's hard to keep track of…
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submitted by /u/Dwez1337 [link] [comments]

Smart contracts have become a reality on the Cardano network after September 12th. After the Alonzo Hard Fork Combinator launch, developers could now go ahead and start creating smart contracts on the ecosystem. This would aid in developers creating decentralized applications (DApps) to provide decentralized finance (DeFi) services to the users of the blockchain. With the number of smart contracts that have been created on the network, it is no doubt that we are about to witness an influx of new decentralized apps on the network. The project has said that they are supporting developers in bringing their projects to life on the platform. By making the Cardano ecosystem as safe and developer-friendly as it possibly could. The developers, in turn, have shown their confidence in the network with the number of smart contracts already live on the ecosystem. Related Reading | Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents Cardano Sees Over 40K Smart Contracts In Four Days The first day after the launch was completed saw over 100 smart contracts created in the first 24 hours. This number in itself was impressive. But the subsequent days have shown an even accelerated timeline for the creation of these smart contracts. Thursday 16th September marks the fourth day after the Alonzo HFC and the current count for the smart contracts on the network now sits at almost 41K. While most of these smart contracts are not going into effect now, developers are creating them in a bid to lock their tokens ahead of the release of their decentralized applications. It evidences the number of projects developers are already working on to bring to the Cardano ecosystem. With the rise of decentralized finance still continuing, and as more people move away from other leading smart contracts platforms in favor of a cheaper and faster alternative like Cardano, more protocols are expected to launch their smart contracts on the network. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Currently, these smart contracts are in a timelock contract, effectively locking them up for a specific period of time until the developers are ready to make use of them. This will provide the developers the time they need to develop their protocols while having secured their smart contracts for their uses ahead of time. How This Affects This Price The effect of this many smart contracts being created on the Cardano blockchain may not be apparent immediately. But there is no doubt that the rate at which the smart contracts are being created will have long-term positive effects on the price of its native asset ADA. ADA price trending around $2.4 | Source: ADAUSD on TradingView.com The rise of decentralized finance has been one of the major driving forces behind Ethereum’s success, and most recently, Solana’s success. In the same way, DeFi protocols on the Cardano blockchain will also effectively increase the value of its token. This is because once these decentralized applications are up and running, users will need to use ADA to carry out transactions on the blockchain. Whereas users do not necessarily need to hold ADA coins, they will need to be purchased to trade and pay for transaction fees. This will create demand for the coin, in the long run, leading to a higher value of the digital asset. Featured image from Decrypt, chart from TradingView.com