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A hands-on experience on some of the most popular smart contract platforms

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In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience with them.

Ethereum

Token: ETH

TPS: 10

Ethereum is the world’s first smart contract platform. Developers create decentralized applications (dApps) on the Ethereum Virtual Machine (EVM) with an object-oriented programming language called solidity. Users can interact with dApps that operate autonomously. Since Ethereum is the first smart-contract-enabled blockchain platform, it has a lot of active developers and has the most Total Value Locked (TVL) in DeFi as far as blockchains are concerned. However, despite being the most popular smart contract platform, it still has a few downsides that make us try to stay away from it when possible. One drawback is the slow transaction speed since Ethereum can only process around 10 transactions per second (TPS). The other problem is the hefty transaction fee it charges when the network is busy, in which the fee may sometimes cost more than the transaction per se.

Binance Smart Chain

Token: BNB

TPS: 60

Binance Smart Chain (BSC) is a smart contract blockchain that is fully compatible with the EVM, so developers can leverage existing tools to write dApps without having to learn an entirely new language. In addition, the increase in transaction speed compared to Ethereum is welcoming. BSC started to gain traction earlier last year, it forked a lot of Ethereum projects that bootstrapped the entire ecosystem, and in the latter part of last year, we see GameFi booms on BSC. One most notable concern that many community members have is the centralization of the Binance chain since Binance is a centralized exchange, and most of its validators are connected to Binance. Nonetheless, BSC has a unique and strategic position in the entire crypto ecosystem.

Avalanche

Token: AVAX

TPS: 4,500

Avalanche is an open-source platform for launching DeFi applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first smart contract platform that confirms transactions in under one second with finality on every block. It provides a new consensus mechanism with an adaptable platform optimized for enterprise adoption and developer needs while solving the challenging problems of scaling and security. The AVAX rush incentive plan also ignited the whole Avalanche ecosystem last year, with large price swings in the latter half of the year. We miss the low transaction fees that Avalanche offered at the very start. Another concern we have is their failure to keep up to date with various promises such as burning the foundation’s staking rewards and the introduction of feeless transactions. If Avalanche could significantly reduce its fees and improve communication while keeping its promises, it’s still a smart contract platform worth keeping an eye on.

Solana

Token: SOL

TPS: 2,000

Solana is a high-performance open-source blockchain. It provides a platform for dApps and next-generation protocols. With its Proof of History (PoH) consensus mechanism, the Solana blockchain allows for breakneck transaction speeds, claiming to scale to over 50,000 TPS on an open network, which is said to be possible due to Solana’s novel approach.This deterministic checkpointing mechanism that is used in place of synchronous consensus. However, Solana’s actual TPS is around 2,000, with more than 3/4 of these transactions being vote transactions. The seemingly inflated TPS widely promoted to the public might reflect the questionable design of the Solana platform. Even though it was once regarded as a crypto rising star, with its six blockchain outages happening in the last month alone, Solana is facing fundamental questions about its network stability, as well as the ability to maintain itself as a Wall Street darling.

TRON

Token: TRX

TPS: 2,000

TRON is an innovative open-source blockchain that focuses on providing a cost-effective settlement solution with the ultimate goal of decentralizing the internet. The high level of scalability offered by the system and its mandate for low costs are attractive propositions for those considering taking their first step into the crypto world. Since last April, the amount of Tether USDT on TRON has surpassed Ethereum to become the No.1 worldwide. TRON became the preferred blockchain for many when transferring and converting stablecoins because of its low fees. The TRON network’s increasing dApps and NFT projects also attracted many new users from other blockchains. However, we noticed that newcomers sometimes brought up the concept of bandwidth and energy on the TRON network. Although understanding bandwidth and energy is not necessary to make a transaction, users should be encouraged to look into them as utilizing these resources by staking a certain amount of TRX would enable one to send transactions or interact with smart contracts for free.

Throughout last year, we saw many smart contract platforms rising to compete with Ethereum, and each of them has its pros and cons. There is an incredibly increasing demand for a good smart contract platform, and every platform will eventually have its place in the ecosystem. Investors, users, and developers should take a closer look at each of these blockchains and pick the one that matches their needs best.

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Blockchain

CUMSTAR Token, an 18+ DeFi Token Powered by Blockchain Techn …

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Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we’ll take a look inside this Adult Cryptocurrency Project that claims to change the Adult Entertainment Industry.

Today, we’ll look at one of the top adult altcoins introduced to CoinMarketCap, and are generating the most significant attention from investors. 

Cumstar has recently become the center of attention in the cryptocurrency industry by having one of the most substantial market capitalizations.

Cumstar Token by Hush Network

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.

The CumStar Token is a project exclusively with adult content, and a sharing platform powered by Blockchain technology and allows token users to purchase adult content on Hush Network platforms on an ongoing basis. 

The Cumstar token is the only currency used to purchase content and services on all the platforms, with anonymity and privacy at its heart. It is a decentralized deflationary token designed with complete anonymity in mind for its users. 

Which are the Cumstar platforms?

  • Hush Network was built to be the ideal adult industry solution and is fully powered by CumStar token, using blockchain technology. When users transact on the various platforms, they have a quick, low-cost, and utterly anonymous experience.
  • Cumstar’s streaming platform, Hush Live, like Only Fans, will enable producers to stream a wide range of material, provide an income stream based on blockchain technology, and accept donations from viewers using the platform. It has been prepared for launch and will be available shortly. 
  • HushNFT.com Marketplace will give a venue for people looking to sell their creative works. After that, the NFTs will be available for purchase, and buyers will have the option of acquiring and displaying their NFTs through an open account or keeping their collections private.
  • HushSwap is another blockchain-powered solution that attempts to remove many of the adult entertainment industry’s fundamental difficulties. In addition to 100% tips flowing to CUMSTAR content providers, most issues are managed by eliminating chargebacks and ensuring user privacy and anonymity using blockchain technology. This platform has a slew of features that highlight CUMSTAR technology. Interactive games for their users are among these features.
  • Payment Gateway is the $CumStar payment processor that not only provides top-tier adult platforms but also introduces revolutionary technology and is currently available. The web3-powered smart contract can link to ANY Adult website and include $CumStar in minutes. It suggests that the token may be used to purchase ANY items or services on ANY non-crypto website… That is the power of $CumStar!

Cumstar holders are responsible for their wallets, seed phrases, and other personal information, which relieves the Project of much, if any, blame because none of this information is shared with anybody until deliberately submitted, as usual in the cryptocurrency world.

CumStar Token Tokenomics

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
CUMSTAR Tokenomics, by HushNetwork // Source: HushNetwork

The native token of the HushNetwork which is built on the Binance Smart Chain network, is $CUMSTAR. Users can connect with our platform, make purchases on the NFT marketplace, and give to their favorite content producers thanks to the CUMSTAR tokenomic system’s architecture. All of this was done anonymously, with the blockchain as a safeguard.

The Cumstar smart contract includes an 11 percent total transaction tax, which is divided down as follows:

  • 3% in marketing (in BNB)
  • 3% to the liquidity pool
  • 2% to reflection
  • 2% to burn
  • 1% to tipping wallet

CUMSTAR Roadmap until Q4 2021

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
CUMSTAR Q2 2021 Roadmap (Complete)
Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
CUMSTAR Q3 2021 Roadmap (Complete)
Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
CUMSTAR Q4 2021 Roadmap (Ongoing)

Should I get CUMSTAR right now?

CumStar is now selling for $0.00000002675. With many contract audits, including the acclaimed Certik Audit, it shows potential as a BSC token. 

Its security, according to its inventors, is among the best in the adult cryptocurrency sector. Before making a financial commitment, it’s wise to wait and observe how things progress.

CUMSTAR price forecast:

CumStar’s price might reach a high of $0.00000006 in 2023, according to Priceprediction.net. Its price is predicted to reach a maximum of $0.00000009 in 2024.

The Cumstar token has increased by more than 150 percent in the previous 24 hours, with CUMSTAR’s trading volume reaching 1 544 072 USD.

CoinMarketCap of CUMSTAR

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
CUMSTAR CoinMarketCap in 1 month average.

The current Coin Market Cap ranking is #999, with a live Market Cap of USD 15,794,739 

It has a circulating supply of 590,413.77B CUMSTAR coins and a Max. supply of 1,000,000,000,000,000 CUMSTAR Tokens.

Where to to buy CUMSTAR

CUMSTAR has yet to be listed on major markets because it is such a new asset. However, you may still buy CUMSTAR on a DEX (decentralized exchange), though it will take a few more steps.

Follow these steps to purchase CUMSTAR right now:

Buy Binance Coin on a licensed exchange or broker, such as Binance

Binance is one of the world’s premier multi-asset trading platforms, as well as an exchange and wallet all in one, with some of the industry’s lowest costs.

It’s also user-friendly for beginners, and it offers more payment options than any other service.

To buy in Binance, you need to:
– Create an account HERE
– Buy BNB directly with VISA
– Transfer your BNB to a Trust Wallet (BEP 20) or Metamask, or others. Do not forget that you first need to create and have your wallet address for effect.
– Swap in any DEX (Sushi Platform, PancakeSwap, Etc.) your BNB to CUMSTAR

You’ll be able to exchange for hundreds of currencies, including CUMSTAR, now that you’re linked.

Exchange your BNB directly from HushSwap to CUMSTAR

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
HushSwap UI // Source: Hushswap

CUMSTAR Ambassadors

Cumstar Token is a top trending crypto token that was recently added to CoinMarketCap, and today we'll take a look inside this Adult Project that claims to change the Adult Entertainment Industry.
Some of the Ambassadors of Cumstar/Hushnetwork./// Source: HushNetwork platform

Cumstar is proud to have such talented ambassadors promoting and interacting within the Adult Network.
Some of these Ambassadors, a.k.a. content creators partnered with Cumstars, are:

  • Kukki Doll
  • Kali Roses
  • Indianara
  • Kim Swallows
  • Sabrina Night
  • And many others

Cumstar Partnerships

Cumstars is thriving for new partnerships. One example is it’s latest one, the Income Island, a Metaverse Mining Game, which will enable to use of $CUMSTARS within the game.

https://twitter.com/Cumstar_/status/1452123675889651712

Finally, Cumstar has made an enormous step ahead in capturing the $803 million adult content market to assist adult content creators/performers in anonymously buying and selling their material. 

Cumstar has also overcome many difficulties that content developers and performers in the adult entertainment business confront.

The Project has established market and payment solutions that directly benefit adult content consumers, and providers as the need for tailored adult content grows and attracts more people.

Social Links for CUMSTAR:
HushNetwork: https://hushnetwork.com/
HushLive: https://hushlive.com/
HushNFT: https://hushnft.com/

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Blockchain

Countdown to Bitcoin Taproot upgrade: Will the node need to …

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The Bitcoin Taproot upgrade is in the countdown, and, as expected, it could be activated on November 13. The nodes represent the users on Bitcoin Network and protocol.

*Update: We have created a new article with information about the Taproot implementation, which you can see here: “The Bitcoin Taproot update is now live and it will bring significant changes

It just takes roughly 800 blocks so Taproot can be added to the chain, which must happen in fewer than six days for Taproot to be active in Bitcoin.

The most crucial Bitcoin network and software upgrade of the previous five years is arriving in a relatively short time. Yet, the fraction of participating nodes still hasn’t been updated to accept it.

According to the website given by the developer Luke Dash Jr. concerning the node count, in which only 50 percent of them already support the new version, The client Bitcoin Core 0.22 is the first to offer support to Taproot. Currently.

30,393 nodes accept Taproot in Bitcoin and 30,377 nodes that do not accept it.

The dangers of a fork and split of the Bitcoin network are unlikely because of the Bitcoin Taproot Upgrade

According to Taproot, the activation date, which might be between November 13 and November 14 according to Taproot.watch, disturbs several developers and other members of the Bitcoin community. 

The main reason is whether the difference between the nodes that activate Taproot and no could cause or encourage a happening division chain ( chain split ). The quick answer is “No,” albeit there are a few flats.

As bitcoiner Nicolas Bourbonni explained that for a chain split to occur, the nodes must amass enough processing power to construct a blockchain that is longer than the existing one. The miners’ evidence of labor accomplishes this.

Given their support for Taproot earlier this year, Bourbonni does not believe miners would wish to run alternative software and reject blocks that contain Taproot-type transactions.

On the other hand, Taproot is incorporated in Bitcoin as a soft fork, implying that this upgrade is compatible with prior versions of the Bitcoin software and the blockchain’s history.

Therefore, an outdated node does not have the power to reject a version of the chain that includes blocks with transactions of the Taproot format, without this leaving it outside the Bitcoin consensus.

Bourbonni noted that nodes that are not updated would not receive transactions from Taproot, such as those that a user could send from their wallet. 

Still, these nodes can accept and relay the blocks that include these transactions and are added to the chain by the miners.

For his part, Luke Dash Jr. explained that chain divisions should not be confused with a strong fork since this is the particular version of different software and is incompatible with the predominant version in the most significant number of nodes.

An old node is a forced fork concerning each soft fork [the other nodes].

So if we have a lot of old nodes, the rules are not applied consistently, and pressure is created from the [Bitcoin] economic sector to support a hard fork [different version of the software] to remove Taproot, said Luke Dash Jr., a Bitcoin developer.

Dash also noted that the emergence and acceptance of an alternative software or hard fork are unlikely. Still, if a Bitcoin economic sector decides not to upgrade to Taproot, it could incentivize the creation of two different chains ( chain split ).

CryptoDeFinance recently reported that some nodes have been having problems with Taproot transactions in tests carried out by developers.

Therefore, Bitcoin users have been suggested to take certain precautions regarding this upcoming update.

Learn a bit more about the Taproot Upgrade

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Blockchain Association sues SEC over “Dealer” De …

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The Blockchain Association has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) concerning its recent reinterpretation of the “dealer” definition, which now extends to the decentralized finance (DeFi) participants. 

This move has sparked a significant debate within the crypto community about regulatory reach and innovation impact.

The Blockchain Association vs. SEC: A Landmark Legal Battle 

The Blockchain Association has filed a pivotal lawsuit against the SEC, focusing on the controversial expansion of the “dealer” definition to include DeFi actors.

This legal challenge raises critical questions about regulatory boundaries and the future of decentralized finance.

Background of the SEC Decision

In February 2024, the SEC broadened the “dealer” definition under securities regulations to include entities frequently trading, creating liquidity, and adjusting market conditions, which are key activities in decentralized finance (DeFi).

This adjustment was made to cover roles in the evolving digital asset markets that the old definition failed to encompass, aiming to enhance transparency and safety. However, this expansion faced opposition from the crypto industry and some SEC commissioners, who argued it could overly burden innovative sectors and hinder technological progress.

Despite these concerns, the SEC maintains that the change aligns with Congressional goals to regulate market makers and close regulatory loopholes, thus protecting market integrity and investors.

This backdrop informs ongoing legal debates and industry reactions to the SEC’s revised dealer definition.

Arguments presented by the Blockchain Association

The Blockchain Association has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) concerning its recent reinterpretation of the "dealer" definition, which now extends to the decentralized finance (DeFi) participants. 

A key challenge to regulatory overreach in the DeFi field is the Blockchain Association’s lawsuit against the SEC’s expanded definition of “dealer.”

Their key point is that the SEC’s broader definition has the potential to hinder innovation by putting standard securities law frameworks on decentralized financial systems, which are meant to operate differently from traditional financial markets.

The Association contends that the SEC’s decision lacks sufficient clarity and could indiscriminately classify many DeFi participants as dealers, even those who do not engage in typical “dealer” activities like market making.

This could force many projects to either alter their operational models or cease operations due to the heightened regulatory and compliance costs​​.

Furthermore, the Blockchain Association argues that the SEC’s rule change was implemented without adequate industry consultation, suggesting that the regulatory process may have overlooked the unique characteristics and technological underpinnings of DeFi platforms.

They stress that extensive industry engagement to comprehend the ramifications and practical realities of DeFi ecosystems should come before enacting such regulatory measures.

Legal experts and industry stakeholders are closely watching this case, as it could set a precedent for how decentralized digital asset markets are regulated in the United States and potentially globally.

The outcome could influence future regulatory approaches to emerging technologies and either validate the SEC’s stance on stricter regulations or push back against what some see as an overextension of regulatory authority in the rapidly evolving crypto sector​​.

The SEC’s stance over the dealer definition

To strengthen regulatory control and lower possible risks in the financial markets, especially those related to DeFi and other digital assets, the Securities and Exchange Commission (SEC) decided to redefine “dealer” under securities legislation.

SEC Chair Gary Gensler emphasized that the updated rules are common-sense measures intended to protect market integrity and ensure that all market participants adhere to the same standards​​.

These measures may affect individuals who operate in these categories but do not identify as dealers in the DeFi market.

The SEC argues that these changes are necessary to close regulatory gaps that have allowed some market participants to operate without adequate oversight, which could lead to unfair market practices and financial instability​.

The agency also pointed out that the redefinition follows a functional analysis approach, focusing on the activities undertaken by a person rather than the type of security traded.

This approach aims to ensure that anyone engaging in market-making activities, directly or indirectly, is subject to registration and regulation, irrespective of the technology used​​.

Implications for the Crypto Market, Regulation and Expert Perspective

The SEC’s move has significant implications for the crypto market, particularly within the DeFi sector. 

By requiring more entities to register as dealers, the rule aims to bring greater transparency and oversight to this dynamic sector.

However, this could also mean increased compliance costs and operational challenges for DeFi platforms, potentially stifling innovation and impacting smaller players who may not have the resources to meet these new regulatory demands​.

Additionally, this move signals a broader trend towards tighter regulation in the crypto industry, reflecting growing governmental interest in ensuring market stability and protecting investors from potential risks associated with digital assets.

While this might enhance investor confidence and market integrity, it raises concerns about the balance between regulation and the autonomy of decentralized systems​​​.

Expert Opinions 

The ongoing legal challenge by the Blockchain Association against the SEC’s expanded “dealer” definition has garnered attention and varying opinions from legal experts and industry leaders. Their insights shed light on potential outcomes and the broader impacts of this regulatory shift on the crypto landscape.

Legal Perspective:

  • Gary Gensler, SEC Chair, mentioned that the changes are common-sense measures intended to maintain market integrity. He stressed the importance of these rules in protecting investors from emerging risks associated with digital assets​​.
  • Mark Uyeda, the Republican SEC Commissioner, criticized the rule change as overreach, expressing concerns about the expansive interpretation of the “dealer” definition, which could limit industry growth and innovation​.

Industry Insight:

  • Crypto Analysts suggest that the increased regulatory scrutiny could lead to more stable market conditions, which might attract institutional investors seeking reliability and compliance assurances. However, they also warn that such stringent measures could deter new entrants and suppress technological innovations within the sector​​.

The outcome of this lawsuit could influence regulatory approaches globally, impacting not just the U.S. markets but also international standards on cryptocurrency operations.

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