How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to […]

Telos to Support Ethereum-Compatible Smart Contracts on Its Network

Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.  As of June 18, the network […]

Ripple Signs 28 New XRP Production Contracts for Crypto-Powered Remittances, Says CEO

Brad Garlinghouse shared his views on the role of crypto and XRP in particular under the current circumstances during Ripple’s “all-hands” virtual meeting on YouTube. 28 new XRP-powered production contracts have been signed at Ripple Labs. CEO Brad Garlinghouse indicated this at Ripple Virtual “all-hands” meeting. His remarks which were streamed live on YouTube provided […]

Smart Contracts Is Too Limiting a Name, Says Blockstack CEO

The potential benefits and applications of smart contracts go well beyond what their name suggests, the co-founder and CEO of blockchain software firm Blockstack has argued. In an interview with Cointelegraph on June 12, Dr. Muneeb Ali, who holds a Ph.D in computer science from Princeton University, said: “Just like cloud computing had implications for […]

BTSE Exchange Offers Futures Contracts Tracking Tether Gold and Priced in Bitcoin

Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but it’s not often prized for its stability. That could change with the introduction of a new futures contract. Crypto exchange BTSE has taken the unorthodox decision to price tether […]

With Arweave’s ‘Lazy’ Approach to Smart Contracts, Its Version of Web3 Does More

Arweave, a blockchain network meant for the permanent storage of data, has released a completely new approach to smart contracts. In short, smart contracts on Arweave, much like must of the code on websites today, will be run by users’ computers rather than the blockchain itself. Released Thursday, SmartWeave is an approach to smart contracts […]

Japanese Home Builder Using Blockchain to Simplify Rental Contracts

In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain. According to an announcement posted to the company’s website on June 8, Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas. The measures will […]

Blockchain and Smart Contracts Have a ‘Dark Side’, Says Researcher

Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance.  So goes the argument in a new post for the Oxford University Faculty of Law blog on June 1 by Kevin Warbach, a professor of legal studies and business ethics at […]

Bug in ‘Timelocked’ Bitcoin Contracts Could Spur Miners to Steal From Each Other

A widespread bug has compromised a special type of bitcoin transaction that is supposed to discourage miners from cheating, new research shows. In a report released in late April, pseudonymous engineer 0xb10c found more than a million of these “timelocked” transactions made between September 2019 and March 2020 were not accurately enforced by the network. […]