Blockchain
Soroban, Smart Contracts Platform Native to the Stellar Network, is Live on Futurenet
Today at Stellar’s 4th annual Meridian conference, the Stellar Development Foundation (SDF), the non-profit that supports the growth and development of the Stellar network, announced today that Soroban, the native smart contracts platform on the Stellar network, is live on Futurenet, an incentivized testing environment for first-wave developers. SDF also announced a $100M fund to support developers building on Soroban.
Soroban introduces Turing-complete smart contracts to the Stellar network, built on WASM and with Rust. Soroban on Stellar brings a whole new type of smart contracts platform to the market that is designed with purpose, built to perform, and, combined with the power of the Stellar network, will drive use cases built around expanding access to financial services.
“We built Soroban because, as developers, we didn’t see the kind of smart contracts platform we wanted to work with in the market,” said Tomer Weller, Vice President of Tech Strategy at the Stellar Development Foundation, and the lead developer on Soroban. “We saw the friction on other networks and our response is Soroban, smart contracts that are designed for a batteries-included developer experience, for scale, and for reliable access to financial rails through the Stellar network.”
With Soroban live on Futurenet, developers can now begin writing and deploying smart contracts in a testing environment and get rewarded for doing so.
The Soroban Adoption Fund dedicates $100M to support developers building products and tools for the Soroban ecosystem. The first incentive program, Sorobanathon: First Light, will reward eligible developers for testing Soroban and sharing their feedback through developer-generated Soroban content, including code examples, tutorials, and GitHub issues. More details on Sorobanathon: First Light are available at soroban.stellar.org.
With growing demand for web3 developers and research showing that web3 programming talent remains far outpaced by the global total of software engineers, the Fund aims to attract more builders to blockchain.
“The number of developers coming to build in web3 has been growing faster than ever, but to compete with more established industries, we need more talented builders coming to blockchain and crypto,” said Justin Rice, Vice President of Ecosystem at the Stellar Development Foundation. “With the Soroban Adoption Fund and programs like Sorobanathon: First Light, we hope to encourage more developers to come innovate with us.”
The Soroban Adoption Fund is part of SDF’s overall mandate, which has a dedicated 17B XLM to support growth and development on the Stellar network.
“This first Futurenet release is for the early adopters who are going to provide real time feedback that will shape this innovation on Stellar and help set a new standard for smart contracts. With support from the ecosystem, Soroban is creating a platform where developers don’t have to choose between performance and expressivity,” said Jed McCaleb, Co-Founder and Chief Architect at the Stellar Development Foundation.
SDF announced in March 2022 the plan to bring Turing-complete smart contracts to Stellar, sharing that it is a strategic piece of the technical roadmap to create more surface area for developers to innovate on the Stellar network.
This is the first Futurenet release. There will be periodic upgrades to the incentivized testnet, most notably in early Q1 2023. The launch of Soroban on Mainnet is expected in the first half of 2023.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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