Tech
Cardano launches Plutus DApp resource page for developers
After Input Output Global (IOG) announced the launch of the world’s first blockchain decentralization index, the builder of the cryptocurrency Cardano (ADA) has informed the public about the new resource section for Plutus DApp developers.
Indeed, the Cardano Docs website is now richer by a web page where beginners can learn all about decentralized apps (DApps) and where more experienced developers can find a list of resources for building DApps using Plutus smart contracts, IOG said on November 22.
Education for all learner levels
Furthermore, the section details what Plutus scripts are, how they are created, how they work, and how they are used for creating DApps, in simple terms and with accompanying illustrations. The resources listed include Plutus Core (the programming language for Plutus), tooling and compilers for intermediate languages, and the Plutus Tx compiler.
Developers can also easily access various tutorials and how-to guides, such as on writing a scalable Plutus app, extending the basic Plutus app with the constraints API, testing Plutus contracts, analyzing the cost and size of Plutus scripts, as well as integrating Plutus into their own web apps.
The recent development is in line with Cardano’s plans for the near future, which aims to “ensure that education [about blockchain] becomes much more available, consumable, and accessible in multiple languages and styles of delivery,” according to the Cardano Foundation CEO Frederik Gregaard.
Ceaseless work at Cardano
In partnership with the University of Edinburgh, IOG has also recently unveiled plans for the world’s first blockchain decentralization index, dubbed the Edinburgh Decentralization Index (EDI), with a goal to establish a transparent mechanism for rating decentralization of public blockchain initiatives.
Earlier, Cardano founder Charles Hoskinson voiced his frustration with existing crypto projects that present themselves as decentralized without understanding the full meaning of the concept. In his view, decentralization should be guided by resilience, control, and reliability.
Last week, Finbold reported on Cardano recording a spike in the number of wallets, adding 33,097 in a single week. According to Cardano Blockchain Insights data, this growth continued until press time, when Cardano had 3,727,189 wallets, meaning it has added 55,667 wallets since November 13.
Cardano is also working on a new lightweight multi-chain crypto wallet called Lace, which Hoskinson said would likely boost the network’s size to one billion users after it is fully rolled out. Its launch could possibly trigger a price rally for Cardano’s decentralized finance (DeFi) token ADA.
ADA price analysis
Meanwhile, ADA is trading at the price of $0.3147, which means it has gained 4.57% on the day but is still down 5.36% across the previous week and 12.80% compared to 30 days before, as the charts demonstrate.
The market capitalization of Cardano at press time stood at $10.83 billion, making it the eighth-largest cryptocurrency by this indicator, as per CoinMarketCap data retrieved by Finbold on November 23.
The post Cardano launches Plutus DApp resource page for developers appeared first on Finbold.
Tech
SniperX Revolutionizes Memecoin Trading with Direct Integration on X
TL;DR
- SniperX enables trading memecoins directly from the X timeline, eliminating the need for external platforms.
- It offers real-time analysis with one-second candlestick charts, live trading volumes, and instant price updates.
- It combines social trends with market tools and a referral system to enhance user experience.
SniperX, an innovative memecoin trading bot, has recently been launched for X users. This new tool aims to revolutionize how traders interact with the market, enabling transactions directly from the social feed without leaving the platform. With the launch of SniperX, users can buy memecoins more quickly and easily, using just the token’s ticker symbol or contract address (CA).
The main advantage of SniperX is its seamless integration with the X user experience. Now, users can trade while browsing their timelines without needing to access external trading platforms. This approach simplifies the process, removing intermediate steps and making memecoin trading more accessible to anyone familiar with social media.
Introducing SniperX
The first memecoin trading bot for X
It’s time to change the game forever pic.twitter.com/hHbxvCgxbV
— Sol Sniper (@solsniperxyz) November 28, 2024
One of SniperX’s most important features is its ability to provide advanced real-time analysis tools. Users can access candlestick charts with one-second intervals, live trading volumes, and up-to-date price data. This valuable information allows traders to make quick and accurate decisions, staying ahead of market movements and maximizing investment opportunities.
SniperX: The Attention Economy
What truly sets SniperX apart from other trading platforms is its ability to merge social trends with traditional market analysis tools. Users can identify which tokens influencers are promoting and which topics are generating the most buzz on the network. Influencer rankings show who is driving conversations, providing a unique advantage in spotting future memecoin stars.
Additionally, SniperX incorporates a referral reward system, allowing users to earn a commission every time their friends make trades using the bot. This additional monetization strategy serves as a strong incentive to encourage the adoption of the tool.
The bot not only offers a faster and more efficient way to operate in the memecoin market but also integrates the power of social media and the trends of the “attention economy,” creating a new approach to market trading
The post SniperX Revolutionizes Memecoin Trading with Direct Integration on X appeared first on The Cryptocurrency Post.
Tech
StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology
TL;DR
- StarkWare has announced an initiative to scale Bitcoin and Ethereum using zero-knowledge (ZK) technology, backed by a $1 million research fund. The initiative aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments.
- The Bitcoin community is considering a technical proposal known as OP_CAT. If approved, it could enable potential STARK scaling on the Bitcoin blockchain. StarkWare supports OP_CAT and describes it as “the safest path for Bitcoin to scale.”
- StarkWare recently introduced a new scaling framework, ZKThreads, which could prevent trapped funds and enhance the scalability of decentralized applications.
StarkWare, a leading blockchain technology company, has announced a bold initiative to bring Bitcoin to the masses. Backed by a $1 million research fund, the company aims to use zero-knowledge (ZK) technology to scale Bitcoin and Ethereum simultaneously.
The initiative is centered around Scalable Transparent Argument of Knowledge (STARK) cryptography, a form of ZK technology. StarkWare’s announcement aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.
StarkNet, a recognized permissionless and decentralized rollup for Ethereum, will serve as the cornerstone for the scaling solution of Bitcoin and Ethereum. Rollups function by consolidating hundreds of thousands of transactions off-chain, and then validating them on-chain at a significantly reduced cost.
StarkWare CEO and co-inventor of cheat-proof ZK cryptography, Eli Ben-Sasson, stated in a press release, “Bitcoin today is mighty, but still a fraction of what it can be.”
Boasting a valuation of $8 billion from its latest funding round, StarkNet declared that it initiated trials of zero-knowledge proofs on Bitcoin back in March. This followed their pledge to release their technology under an open-source license.
The Potential of OP_CAT
The Bitcoin community is currently considering a technical proposal known as OP_CAT. If approved, it could pave the way for potential STARK scaling on the BTC blockchain. Ben-Sasson expressed StarkWare’s support for OP_CAT, describing the OP_CAT Bitcoin soft fork as “the safest path for Bitcoin to scale.”
Introducing ZKThreads
This announcement follows StarkWare’s recent introduction of a new scaling framework, ZKThreads. Louis Guthmann, head of product/market strategy at StarkWare, believes that the framework can prevent trapped funds and enhance the scalability of decentralized applications, potentially preventing a recurrence of incidents like the FTX-Alameda collapse.
StarkWare’s ambitious plans demonstrate the potential of ZK technology to unlock and benefit Bitcoin and the broader blockchain community. As the company seeks to promote research into OP_CAT, the future of Bitcoin could be on the brink of a significant transformation.
The post StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology appeared first on The Cryptocurrency Post.
Tech
New Features and Integration: Katana DEX Enhances User Experience on Ronin
TL;DR
- Integration and Simplified User Interface: Katana DEX, Ronin’s decentralized exchange, has been integrated into Ronin Apps, centralizing various services on app.roninchain.com. This integration simplifies the user interface.
- Wrapped RON (wRON): Users can now wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. This update simplifies the wrapping process, enhancing security and convenience.
- Innovation Zone and Expansion: Katana plans to introduce the Innovation Zone, providing a safer space for users to access newer, more volatile tokens and opportunities for third-party builders to launch new tokens. Since its launch in 2021, Katana has supported liquidity for various game tokens.
Ronin’s decentralized exchange, Katana, has introduced significant updates to improve user experience and expand functionality. The platform, which allows users to swap, pool, and farm tokens, has now been integrated into Ronin Apps, centralizing various services on app.roninchain.com.
Simplified User Interface: The integration brings a simplified user interface, making it easier for new users to navigate the ecosystem. All functionalities, including swapping, pooling, farming, bridging, and staking, are now accessible from one location. This update eliminates the need to use separate platforms for different actions, streamlining the process for users.
Wrapped RON (wRON): Another key update is the ability to wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. wRON is essential for making offers on Mavis Market and participating in Ronin ERC20 token launches. The update simplifies the wrapping process, enhancing security and convenience.
The Innovative Features that Will Proppled Katana DEX to the Future
Legacy Website Redirection: The legacy Katana website will soon redirect users to app.roninchain.com, with the transition expected to be completed by May 7th, 2024. This change will unify the user experience across mobile and desktop browsers.
Innovation Zone: Looking ahead, Katana plans to introduce the Innovation Zone before the end of summer. This new feature will provide a safer space for users to access newer, more volatile tokens. It will also offer opportunities for third-party builders to launch new tokens and for users to create new liquidity pools.
Growth and Expansion: Since its launch in 2021, Katana has supported liquidity for various game tokens, including Pixels, Apeiron, and Play & Kollect. The integration with Ronin Apps is a strategic move to simplify user interactions and lay the foundation for further growth.
The updates to Katana DEX reflect Ronin’s commitment to enhancing user experience and fostering innovation within its network. As the platform continues to evolve, it promises to bring exciting new opportunities for users and developers alike.
The post New Features and Integration: Katana DEX Enhances User Experience on Ronin appeared first on The Cryptocurrency Post.
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