The government of El Salvador will create a Bitcoin fund. The SEC became interested in the activities of Uniswap. Binance has received a warning from the financial regulator of South Africa. Another large investment fund drew attention to cryptocurrencies.
The government of El Salvador has approved a $150 million fund for the legalization of Bitcoin
In the previous article of the series on smart contracts, we considered the scope of application of smart contracts, their advantages, and disadvantages.
We partially touched on the topic of oracles for smart contracts. For their work, smart contracts need to receive information from the outside world. This is responsible for special software “pads” to the outside world, which are called oracles.
In today’s article, we will analyze what oracles are and how they work, and also find out how oracles allow smart contracts to reduce infrastructure costs.
What are oracles and why are they needed
Today, we continue to study blockchain technology, the prospects for its use, and the potential that has long gone beyond the world of cryptocurrencies. Blockchain technology can radically change not only the current banking financial system but also the property and other social spheres of human interaction.
In the previous article of the blockchain cycle, we discussed how encryption works in the blockchain, what types of encryption exist, and also studied what encryption keys are and how they work.
We have studied some innovative encryption technologies in the blockchain that are used in the decentralized, anonymous, quantum computing-resistant cryptocurrency QRAX…
The SEC will start tracking DeFi transactions. A large American investment fund has invested in cryptocurrencies. Ripple sued the SEC. Another Bitcoin futures are being prepared for launch.
The SEC has entered into a partnership with the analytical company AnChain.AI for monitoring the DeFi sector
We continue the series of articles about the basics of trading on the cryptocurrency market.
In the first publication of the cycle, two main trading strategies of the financial markets were studied — investing and trading, as well as the basic rules and criteria that novice investors should pay attention to in the cryptocurrency market to choose their trading strategy.
In the previous article, we considered the question of what is a stock chart, its graphical display, types of stock charts, and the main elements of the graphical display of price movement. …
Today we will continue to analyze the technology of smart contracts, which gained its popularity with the emergence of blockchain and cryptocurrencies. In the previous article, the main differences between classical and smart contracts were considered, the history of the appearance of smart contracts and the fundamental foundations of their functioning were analyzed. Today we will consider the main areas of application of smart contracts, the prospects for using this technology, as well as discuss its advantages and disadvantages.
Areas of application of smart contracts
The XXI century is the century of information technologies. Every day innovations are becoming more and more closely integrated into our lives. Every day, new breakthrough technologies appear: blockchain, cryptocurrencies, Big Data, neural networks, artificial intelligence, the Internet of Things, quantum computers. Among information technologies, the technology of smart contracts, which are often used in the field of cryptocurrencies, is regularly mentioned. Today we will discuss what they are, how they work and what are the areas of application of smart contracts.
Classic contracts
The capitalization of the crypto market continues to grow. Hack, theft, and refund of PolyNetwork funds. Coinbase profit increased 50 times. The financial expert explained how Bitcoin is secured.
The capitalization of the crypto market has reached a three-month high
We continue the series of articles where we tell readers about blockchain technology, the prospects for its use, and the potential that this technology has for changing not only the financial system but many other social spheres of people’s life.
In the first part of a series of articles about blockchain, we told about the history of the emergence of blockchain technology, the prospects for its use, considered the technical contradictions of the Internet as a decentralized system, which predetermined the need for a new technology for decentralized data storage — blockchain.
Today we will consider the technical features of…
We continue the series of articles where we tell you about the basics of trading on the cryptocurrency market, the key techniques and methods of analyzing the price movement of assets.
In the previous article, we considered two main trading strategies in the financial markets — investing and trading. We discussed the basic rules and criteria for determining the preferred trading strategy, and also considered the main points that should be paid attention to when searching for a suitable cryptocurrency project for investment.
In today’s publication, we will consider the elements of the stock chart, study its main varieties, and…
