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Blockchain

Waves Breaks into dApps Market, Launching Smart Contracts Functionality

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Waves Platform, a decentralised blockchain ecosystem for building Web 3.0 solutions, is releasing its purpose-designed programming language RIDE on mainnet – enabling global developers to create fully-fledged decentralised applications on the Waves blockchain.

Innovative solution

Waves claims that its solution has advantages over existing alternatives, including the most popular platforms: Ethereum, EOS and TRON. These advantages include the developer-friendly RIDE programming language, which helps users avoid mistakes in the coding process: lazy evaluation, formal verification, no gas requirements, flat fees for transactions and better scalability properties.

Alexander Ivanov, Waves founder and CEO, believes that the RIDE rFelease will attract a large number of developers to the platform, both from competing blockchains and from outside the blockchain space.

“DApps are considered to be the future of the decentralised world and a platform that stays ahead in this battle will rise at the top,” he comments. “We aspire to be at the top because we build original solutions that have never been released before, and take into account the problems of implementations that are already available in the market.”

“For blockchain developers, this means a cheaper and more convenient coding process than ever before, while those from outside the blockchain segment will see the entry threshold substantially lowered and new opportunities arrive,”he adds.

According to Waves, in recent weeks around 500 active users have tested RIDE and dApps on the network’s testnet, generating 40,000 to 50,000 transactions daily. Currently, the average daily load is around 90,000 transactions. Shortly after mainnet release, Waves expects a 30% to 50% increase in network load and a further increase in the longer term, as well as an increase in miners’ revenues.

Impact on the segment

Currently, the dApps segment is valued at $3.2 billion, with the total number of users on the top four platforms close to 800,000 – a 25% increase for the first quarter of 2019. Analysts predict a boom in the dApps segment over the next two to three years.

DApps have the potential to democratise not only storage, trading and betting, but also elections, legislation and other public services and events.

Those dApps will be written and launched on existing platforms, whose number runs into a few dozens. However, even the largest and best-known platforms are not yet fully in line with developers’ requirements.

The launch of Waves’ smart contracts is set to step up competition between platforms and foster the segment’s expansion.

Waves Platform was founded in 2016 with a team of 10 developers after raising $16 million in investment. The company has 180 employees in MoscowAmsterdam and Zug currently. There are 664,074 active users (+30% year-on-year for 2019/2018) that provide 100,861 transactions on average daily (according to blocktivity.info). The total amount of transactions processed by mainnet is over 65 million.

Waves is the technological basis of the Vostok project, which attracted $120 million in investment in December 2018 to develop a private blockchain for the corporate and public sectors.

 

SOURCE Waves Platform

Blockchain

Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

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Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.

The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.

Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.

As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.

Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.

Source: blockchain.news

The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.

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Blockchain

Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak

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Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.

Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.

Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.

Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.

Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.

Source: news.bitcoin.com

The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.

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Blockchain

Tech Trends Shaping Retail: From AI to Blockchain

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Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.

Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.

Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.

Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.

Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.

Source: 365retail.co.uk

The post Tech Trends Shaping Retail: From AI to Blockchain appeared first on HIPTHER Alerts.

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