Connect with us

Tech

Cardano Foundation outlines ADA plans for 2023 – here are the key notes

Crypto Chain Wire

Published

on

While the cryptocurrency market continues to struggle with the reverberations of the FTX crash, the Cardano (ADA) team is optimistic about its platform’s future, including the CEO of the Cardano Foundation, Frederik Gregaard.

Indeed, Gregaard expressed excitement over the plans for Cardano in 2023, which he believes will “really move the needle, both short-term and long-term,” as well as expecting the ecosystem to mature outside its community, as he told Learn Cardano’s Peter Bui in an interview published on November 15.

As he explained:

“There are so many things I’m excited about. There are certain integrations that I’m not able to talk about right now, but I’m hoping they will land because they will really move the needle, both short-term and long-term. But I think what I’m mainly excited about is to see Cardano maturing outside the people who know and love Cardano today because what we see around us is mayhem.”

Further listing the advantages of Cardano against the current mayhem, Gregaard said that the platform “keeps running, improving, implementing, and adding value in local communities, and we keep exploring new ways of building blockchain and implementing it around the world.”

Spreading the word and educating

Asked by the host what the community can do to help the platform thrive, the Cardano Foundation CEO said that the most important thing was to spread the word about Cardano’s use cases beyond token ownership:

“There is so little information about where blockchain truly adds value and (…) there are so many industries where we can move the needle, (…) save jobs, create new jobs, create a sustainable footprint, change operating models, but there’s so little information about those use cases.”

The second part is to “ensure that education [about blockchain] becomes much more available, consumable, and accessible in multiple languages and styles of delivery.” 

As he stressed, the Cardano Foundation would be “very happy to try and supply” the tools necessary for achieving this, including when volunteering for blockchain lessons in local communities, such as schools and workplaces.

Ecosystem keeps expanding

Meanwhile, Cardano has gone through many improvements over the past two years, including introducing smart contracts and scalability, recording an accelerated growth of its crypto wallets, and adding over 30,000 in a week, as Finbold reported.

It is also worth noting that Cardano is developing a new lightweight multi-chain crypto wallet called Lace, which promises to seamlessly link Web2 and Web3 elements into a single interface and which the team considers a game-changer.

At press time, Cardano’s ADA token was changing hands at the price of $0.3362, down 1.30% on the day and 6.49% across the week, as the decline of the cryptocurrency market starts to slow down after last week’s shock.

Watch the entire video below:

The post Cardano Foundation outlines ADA plans for 2023 – here are the key notes appeared first on Finbold.

Continue Reading

Tech

Anoma raises $25m for Intent-centric Blockchain Architecture

Avatar

Published

on

Anoma, a layer-one blockchain protocol that aims to enable private and asset-agnostic bartering among any number of parties, has completed a $25 million fundraising round to advance its intent-centric architecture. The round was led by Polychain Capital and included participation from other prominent investors such as Coinbase Ventures, DCG, Fenbushi Capital, and others.

Anoma is Ready to Enter the Blockchain World

Anoma’s vision is to create a decentralized platform that allows users to exchange any kind of digital assets without the need for a base currency or intermediaries. Users can specify their trading intentions and preferences using a novel programming language called Juvix, which enables expressive and verifiable smart contracts. Anoma also leverages zero-knowledge proofs and other privacy-enhancing technologies to ensure that transactions are confidential and anonymous.

Anoma’s architecture is based on the concept of intents, which are statements of what a user wants to trade and under what conditions. Intents are broadcasted to the network and matched with compatible ones using a gossip protocol.

When a match is found, a validation committee of randomly selected validators verifies the transaction and executes it atomically. This way, Anoma can support complex and multi-party trades that are not possible on existing platforms.

Anoma

Anoma’s founder and chief architect, Awa Sun Yin, said that Anoma is the first generalized intent-centric blockchain architecture that enables truly decentralized applications, from decentralized DEXs to decentralized rollup sequencers. He claimed that Anoma enhances the composability and the ease of development of dApps by a factor of ten, compared to existing architectures such as Ethereum/EVM.

Anoma is currently in development and plans to launch its mainnet in 2024. The project has also released a testnet version called Heliax that showcases some of its features and capabilities. Anoma claims that its protocol can achieve high scalability, security, and interoperability without compromising on decentralization or privacy.

Anoma is one of the many projects that are exploring the potential of layer-one blockchain solutions to address the challenges of the current crypto ecosystem. With its innovative approach to asset exchange and smart contract design, Anoma hopes to create a more inclusive and accessible platform for users and developers alike.

The post Anoma raises $25m for Intent-centric Blockchain Architecture appeared first on The Cryptocurrency Post.

Continue Reading

Tech

Coinbase Executive Unveils ChatGPT’s Crypto Predictions for 2035

Avatar

Published

on

Coinbase’s Head of Business Operations, Conor Grogan, unveiled a series of cryptocurrency predictions made by artificial intelligence tool ChatGPT on April 30, claiming to have discovered a “jailbreak”.

Grogan maintained that ChatGPT can calculate the probability of crypto price scenarios. On April 30, Grogan shared a screenshot showing ChatGPT’s predictions, which include a 15% chance of Bitcoin becoming irrelevant and witnessing a 99.99% price drop by 2035.

Coinbase Executive Unveils ChatGPT's inner workings.

However, the AI tool assigned a 20% probability to Ethereum (ETH) becoming irrelevant with near-zero price levels by 2035. Litecoin and Dogecoin were assigned probabilities of 35% and 45% respectively, for their prices to drop to near zero. 

Grogan concluded that ChatGPT is generally a fan of Bitcoin but remains more skeptical about altcoins.

Meanwhile, Grogan reiterated the fact that he repeatedly tested the process over 100 times on GPT-3.5 and GPT-4 with wiped memory, resulting in very consistent numbers and the same results.

It should be noted that this is not Grogan’s first time experimenting with crypto-related issues using ChatGPT. 

Grogan’s Earlier Experiment with ChatGPT

Earlier on March 15, Conor Grogan demonstrated how GPT-4, the latest version of ChatGPT, could identify security vulnerabilities in Ethereum smart contracts and provide outlines for exploiting faulty contracts.

He further stated that OpenAI, the team behind ChatGPT, has conducted studies showing that GPT-4 can pass high school tests and law school exams with scores in the 90th percentile. 

Amid the increasing adoption of the artificial intelligence tool, some countries have imposed an outright ban on ChatGPT. For instance, the Italian authorities have imposed a ban on the AI due to privacy concerns. 

More than any other time, the benefits of the AI tool should be applied in addressing crypto hacks and scams such as security measures, rigorous auditing, and a proactive approach to surmounting vulnerabilities in the crypto space

This will likely restore sanity and confidence in the cryptocurrency space in general.

The post Coinbase Executive Unveils ChatGPT’s Crypto Predictions for 2035 appeared first on The Cryptocurrency Post.

Continue Reading

Tech

Ledger Launches a New “Stax ” Wallet With iPod Creator: Here’s What to Know

Avatar

Published

on

Ledger, a security-focused firm that develops cryptocurrency hardware wallets, has teamed with Tony Fadell–the designer behind Apple’s iPod–to offer an easier, more accessible option for people to safeguard their crypto assets: the Ledger Stax.

The tech design guru, Tony Fadell — who earlier co-founded the Nest smart thermostat before it was bought by Google in 2014 — is the inventor and mastermind behind Ledger Stax, crafted by the LAYER studio, led by Benjamin Hubert.

The credit card-sized touchscreen device allows users to manage over 500 digital assets, together with the ability to hold NFT collections and integrate with several Web3 apps through the Ledger Live app.

Ledger Stax: the Cool, Beautiful, and Fun Crypto Wallet

Ledger Stax™ is our new, breakthrough consumer device,” Ledger says. “It is built on Ledger’s secure architecture and introduces a unique form designed for unprecedented accessibility and interactivity with the world of cryptocurrencies and NFTs.”

The Ledger Stax uses Bluetooth to connect to the Ledger Live Mobile app on smartphones, and secure USB-C to connect to the Ledger Live app on laptops, according to the December 6 release. It also supports Qi wireless charging.

Regarding the battery, the manufacturer guaranteed users they may use the Stax for several weeks or even months on a single full charge. It features a battery-efficient E Ink and a Kindle-like display that can display owners’ NFTs even when the device is off.

Ledger Launches a New "Stax '' Wallet With iPod Creator: Here's What to Know

The curved E Ink spine shows what’s inside, like a book on a shelf, Ledger stated. Also, the touch interface enables the Ledger developer community to create innovative Web3 apps that are more accessible and secure than before.

Ledger Stax also contains built-in magnets that make it simple to stack, especially for those who have over one device.

The eight-year-old company is a market leader in crypto security, having sold millions of devices to customers in over 200 countries. The firm’s existing Nano series has sold 5 million units, and “none ever hacked,” according to CEO Pascal Gauthier.

Digging into Ledger’s proven security technology and trying all the ‘best’ hardware wallets out there convinced me to build a next-gen device with Pascal, Ian, and the amazing Ledger team,” says Tony Fadell.

Ledger Stax is not yet officially for sale, however, interested buyers can make reservations on Ledger’s website. The new wallet will be available in March 2023, but interested buyers may pre-order one for $279.

The Apple of the Cryptoverse

Tony Fadell creates products with both the circuit board and the billboard in mind, said Ian Rogers, chief experience officer at Ledger.

His goal is to make the company the Apple of the cryptocurrency industry, with the new wallet serving as its “crypto iPod.” Ian claimed that they have created a tool with the Ledger Stax that is cool, beautiful, and fun.

The post Ledger Launches a New “Stax ” Wallet With iPod Creator: Here’s What to Know appeared first on The Cryptocurrency Post.

Continue Reading

Trending