Blockchain
Transient Network to Remove Coding From Smart Contracts
Smart contracts have been one of the biggest components of the crypto/blockchain space ever since Ethereum introduced them in 2015. Since then, countless projects have emerged trying to offer this same feature, copy Ethereum, and try to attract developers and users and become the next big thing in crypto.
The problem with smart contracts, however, is that they used to be very difficult to create. You couldn’t just get one like selecting a form to fill out at the bank, provide the necessary information, and have the show on the road.
Instead, every smart contract needed to be created individually, which required technical knowledge. Naturally, since this is an all-digital environment, that meant knowing how to code.
Of course, coding is very widespread today, and every developer knows how to code to a certain extent. Some are better at it, some aren’t as good yet, but the fact is that they all know the basics. But, for some chains that came up with their own coding language, that meant learning a whole new programming language, so you couldn’t just employ any developer — you had to seek out those who were versed in blockchain technology.
For companies who could leverage blockchain’s tech through smart contracts – where their specialty isn’t technology – this idea is even further out of reach.
These days, the situation is significantly better. A lot more people have educated themselves in the ways of blockchain technology, while blockchain has adapted itself by allowing coding in languages that many developers were already familiar with. Still, in order for the use of blockchain and smart contracts to go mainstream, things need to be simplified even further, and that is what Transient Network is planning to do.
What is Transient Network and what does it do?
Transient Network calls itself the Amazon of smart contracts, and that is exactly what it wishes to become. It is a young but rapidly growing ecosystem, built from the ground up, with the goal of facilitating and increasing blockchain adaptation across every sphere of industry, and more importantly — our everyday lives.
The project has a series of goals, all of which revolve around smart contracts. It decided to help increase their adoption by making them code-free, thus removing the need to rely on developers so much. It also aims to deliver their seamless integration, so that businesses would be encouraged to start using them without having to experience any difficulties.
It also wishes to make them as useful and as universal as possible, which is why it also focuses on their interoperability. Their diversity is also a major focus of the project, hence the nickname of ‘The Amazon of Smart Contracts’ that the project gave to itself.
Smart contracts also need to be useful for the real world, which is another major goal of the company. And, finally, it wishes to make them better than ever before, which is why it is working on creating next-gen contracts.
Transient aims to have its smart contracts used in every aspect of crypto and real-world alike, from use in crypto markets to medical industry, real estate, logistics, entertainment, banking, procurement, law/legal, gambling and casinos, digital influencers, advertising, eSports and more. ESports will benefit greatly from the upcoming TSC-eSports dApp that is in development and will soon be available. TSC-eSports is an ecosystem of P2P market creation of your favourite competitions and a number of services relating to facilitating eSports competitions and team management — taking social betting and content driven experiences to the next level.
Each of these sectors — as well as many others — can be improved or even fully revolutionized through the use of smart contracts, and blockchain technology, in general. However, in order for that to happen, contracts first need to be easy to use, which is a major barrier for businesses. Crypto businesses are already using them, of course, since they are just another product of the blockchain. However, their implementation into traditional finance and non-finance industries requires a bit of convincing.
So, the best thing that can be done is to make smart contracts as easy to use as possible, as useful as possible, and make sure that it can open as many new doors as possible. That’s what Transient is all about, aiming to serve everyone, from individuals to mega-corporations, from freelancers to well-established businesses. In doing so, it wishes to help speed up the change that will ultimately come, impact the whole world, and make our technology work for us in the most productive and efficient way possible. All the use cases and new releases are detailed on Transient Network company website. On their Medium you can find information about their upcoming IDO – which is basically the IPO of the crypto world.
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
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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