Cardano Hard-Fork Brings Interoperability and Security to Plutus Smart Contracts

• Cardano’s upcoming hard-fork event on February 14, 2023, will include new built-in functions to Plutus, the smart contract programming language for the Cardano blockchain.
• This upgrade will bring support to ECDSA and Schnorr cryptographic signatures, making it easier for developers to build cross-chain apps.
• The upgrade will enable greater interoperability and secure cross-chain DApp development, which may cause a bullish reaction in the ADA price.

Cardano is set to undergo a major upgrade on February 14, 2023. The upgrade, known as a hard-fork, will bring several new features to the Cardano blockchain, most notably, the ability of the Plutus smart contract programming language to support ECDSA and Schnorr cryptographic signatures.

ECDSA and Schnorr are two of the most widely used cryptographic signature techniques in the blockchain and cryptocurrency world. Bitcoin and Ethereum both employ these signature techniques, but Cardano utilizes the Edwards-curve Digital Signature Algorithm (EdDSA). This signature is incompatible with ECDSA and Schnorr signatures, making it difficult for developers to collaborate with other blockchains.

The new Cardano upgrade will make it possible for developers to easily build cross-chain apps and ensure the highest level of security. The new built-in features of Plutus will support ECDSA and Schnorr signatures, allowing developers to easily verify the cryptographic signatures of other blockchains. This enhanced interoperability will enable secure cross-chain DApp development and make it easier for developers to work with other blockchains.

The hard-fork event is likely to cause a bullish reaction in the ADA price, as it will provide Cardano with a competitive edge over other blockchains. Furthermore, the ability to develop secure cross-chain applications will open up new opportunities for developers and businesses to take advantage of the Cardano blockchain. This could lead to increased adoption and usage of the Cardano blockchain, which may result in a higher ADA price.

Overall, the hard-fork event is an exciting development for Cardano, and could potentially have a positive effect on the ADA price. With the new built-in features to Plutus, Cardano will be able to increase its interoperability with Bitcoin, Ethereum, and other blockchains, as well as provide developers with the ability to easily create secure cross-chain applications.

Ethereum to Reward Stakers With Shanghai Upgrade: Access ETH Rewards Now!

• The Ethereum network is preparing for its next upgrade after the success of its switch to a proof-of-stake (PoS) network, known as the Merge upgrade.
• The Shanghai update will enable stakers to access their rewards, including their initial ETH deposits.
• A few of the network’s core developers claim that the network is releasing the upgrades too quickly to avoid public criticism.

The Ethereum network is continuing its preparation for its next major update known as the Shanghai update. This new update aims to reward Ethereum users participating in the network’s staking program. After the success of its switch to a proof-of-stake (PoS) network, the Merge upgrade, Ethereum users have been staking their ETH to earn rewards, but they haven’t been able to withdraw their earnings. However, the Shanghai update will enable these stakers to access their rewards, including their initial ETH deposits.

The Shanghai update could be live within the next two months based on available information. However, a few of the network’s core developers claim that the network is releasing the upgrades too quickly to avoid public criticism. They argue that the upgrades are causing technical expenses that could have huge ramifications on the network in the long term. Micah Zoltu, one of the core developers, commented, “It seems we are not concerned about the future wellbeing of this network, but instead are only concerned about public opinion of the present.”

The crypto community is divided on this issue, with some developers advocating for a slower pace of development and others arguing that the upgrades should be implemented as soon as possible. Ethereum developers are also debating the best methods to test the Shanghai update, with many recommending the use of automated testing tools. Additionally, developers are considering the possibility of an emergency hard fork to fix any bugs that arise during the upgrade.

The Ethereum community remains optimistic about the Shanghai update, with many believing that it will be a major step forward for the network. However, whether or not Ethereum users will be able to withdraw their staked ETH after the update is still unknown. The core developers of the network will need to reach a consensus on the timing of the upgrade implementation and the best methods to test the update in order to ensure a smooth transition.

Twitter Introduces Coins Feature, Diversifying Revenue Streams

– Twitter is reportedly developing a feature that allows users to purchase crypto coins.
– This feature will allow users to support content creators of their choice at a small fee.
– Twitter Inc. is diversifying its revenue following a slump in advertising.

Twitter Inc., the Elon Musk owned social media platform worth $44 billion, is in the process of developing a new feature that will allow users to purchase crypto coins. This feature is expected to be powered by payment giant Stripe and will enable users to support content creators of their choice at a small fee. This comes at a time when the company has seen a huge slump in advertising revenue, and is consequently looking for new ways to diversify its earnings.

The development of this new feature is part of the transition of Twitter into the “everything app” that Musk envisioned when he acquired the company last year. In the past few months, the company has unveiled a plethora of new features, including its paid Twitter Blue, however the reception of Twitter Blue has not been as strong as hoped, with Musk himself not even possessing the blue mark. In addition, the company has been involved in several layoffs.

The new “Coins” feature will be accessible through a menu item, which will take users to a purchase screen. It is expected that with the adoption of Web3 features and the introduction of this new feature, the usage of Twitter will grow exponentially in the coming years.

In addition to the Coins feature, Twitter has also released a crypto feature that allows users to search for up-to-date price information. This is just one of the many changes that the company is making in order to stay competitive in the rapidly evolving world of social media, and to ensure that its users have the best experience possible.

Twitter’s commitment to providing their users with a safe, secure, and enjoyable experience is evident in their focus on the development of new features and the implementation of blockchain technology and cryptocurrency. It will be interesting to see how the company’s new Coins feature will fare, and if Twitter will become the go-to platform for crypto-enthusiasts.

Terra Classic (LUNC) Achieves Compatibility with Interchain Station, Price Drops

• Terra Classic (LUNC) has achieved compatibility with Interchain Station, as confirmed by lead developer Jared.
• The integration of the Terra network with other blockchains, including Osmosis, Juno, and SEI, is set to drive the Web3 industry forward.
• Following the announcement, the price of LUNC has dropped by 2.6%, trading around $0.00016310.

The Terra Classic (LUNC) blockchain has taken a major step forward in its development, as the lead developer Jared announced its compatibility with Interchain Station. With this integration, Terra network joins other blockchains such as Osmosis, Juno, and SEI to drive forward the Web3 industry. The Terra LUNC network boasts a market capitalization of roughly $981,178,831 and a 24-hour traded volume of around $97,623,378.

The announcement of the compatibility with Interchain Station did not have a positive effect on the LUNC price on Wednesday, as it dropped by 2.6% to trade around $0.00016310. However, the long-term impact of the integration is expected to be beneficial for the blockchain. DeFi developers will find it easier to access oracle data from different chains through the Interchain Station.

Originally, the integration was set to be unveiled on January 12, but technical delays forced the date to be pushed further. However, Jared surprised the LUNC community by announcing the integration earlier than expected. Additionally, he stated that a support team for the Interchain Station will be put in place in the upcoming days.

With this impressive development, the future of the Terra Classic (LUNC) blockchain is looking much brighter. The Interchain Station will enable seamless communication between different blockchains, allowing more projects to join the Web3 industry. As such, it is likely that the price of LUNC will recover in the long run.

Kunnen banken hun eigen bank zijn? Deutsche Bank, BNY Mellon plannen custody-diensten

Experts zeggen dat het bouwen van custody-oplossingen lastig is, maar van cruciaal belang zal worden naarmate crypto waardevoller wordt.

Terwijl meerdere banken crypto-custody-diensten voorbereiden, moeten houders nu een oud Bitcoin-gezegde op zijn kop zetten: zijn de banken bereid om hun eigen (en die van anderen) bank te zijn?

Vorige week kondigde BNY Mellon, de oudste bank in de Verenigde Staten, aan dat ze custody-oplossingen zouden gaan bieden, waarbij ze de druk van institutionele beleggers zouden afstaan . Evenzo geven documenten uit december aan dat Deutsche Bank ook een bewaaroplossing plant, samen met handels- en tokenuitgiftediensten.

Hoewel beide banken goed ingeburgerd zijn en ervaring hebben met het omgaan met een breed scala aan activa, betekent dat niet noodzakelijk dat ze voorbereid zijn op cryptocustody .

“Digitale activa zijn totaal anders dan traditionele activa zoals obligaties, aandelen en schatkistpapier. Digitale activa zijn door hun ontwerp gedecentraliseerd en hun eigendom is daarom afhankelijk van een totaal ander model dat de bestaande gecentraliseerde infrastructuur van de traditionele bankwereld niet kan hergebruiken. Om crypto-activa te bewaren, heb je een gloednieuwe infrastructuur nodig ”, zei Jean-Michel Pailhon, de vice-president van bedrijfsoplossingen bij Ledger in een interview met Cointelegraph.

Zelfs voor instellingen die crypto-native zijn, is bewaring buitengewoon complex. Vorig jaar leed de crypto-uitwisseling KuCoin onder een hack die de aanvaller meer dan $ 200 miljoen opleverde . Het in bewaring nemen van grote sommen creëert een aantrekkelijke honeypot voor potentiële aanvallers, en volgens experts benaderen zelfs veel grote crypto-uitwisselingen de bewaringsbeveiliging niet goed.

„Slechts een paar crypto-uitwisselingen zoals Kraken, Gemini en Binance investeren veel geld om de juiste interne controle over hun protocollen voor het beheer van persoonlijke privésleutels te bewijzen“, vertelde Dyma Budorin, mede-oprichter en CEO van Hacken vorig jaar aan Cointelegraph.

Als de grote banken de beveiliging goed willen benaderen, hebben ze in feite drie opties, zei Pailhon

„Ze kunnen een contract sluiten met een bestaande gereguleerde bewaarder, ze kunnen hun eigen bewaarinfrastructuur bouwen en deze laten reguleren, of ze kunnen een bewaarnemingstechnologie kopen bij een verkoper en deze gebruiken en laten reguleren.“

Zeker als de banken ervoor kiezen om hun eigen oplossingen te bouwen , kunnen de kosten en tijd snel oplopen. De banken zullen toegewijde ontwikkelaars moeten inhuren, „grote investeringen toewijzen aan infrastructuur“, inclusief datacenters en servers, en het regelgevingsgamma beheren – een proces dat alleen al „6-12 maanden“ kan duren.

“Het niveau van de inspanningen en investeringen die nodig zijn om een ​​instelling te voorzien van een ondernemingsklare self-custody-oplossing is aanzienlijk hoger dan voor een individu. Het vereist enigszins andere technologieën en bestuursprocessen om miljarden dollars aan digitale activa veilig te stellen, ”voegde hij eraan toe.

Ongeacht de route die de banken volgen, zegt Pailhon dat het een teken is van de groeiende legitimiteit van crypto dat banken zoals BNY Mellon custody-oplossingen willen bieden. Bovendien, naarmate de totale marktkapitalisatie van crypto toeneemt en de waarde van activa voor instellingen en zelfs sommige individuen stijgt, zullen veilige bewaaroplossingen steeds belangrijker worden.

Ekonomista przewiduje, że Bitcoin osiągnie 1 milion dolarów do 2030 roku

Główny ekonomista Hamburg Commercial Bank, Cyrus de la Rubia, przewidział cenę docelową Bitcoin na 1 milion dolarów, dodając, że prognoza opiera się na modelu energii elektrycznej.

Główny ekonomista w Hamburg Commercial Bank, Cyrus de la Rubia, powiedział, że cena Bitcoina osiągnie 1 milion dolarów do 2030 roku.

Ekonomista powiedział, że doszedł do tej liczby, korzystając z modelu energii elektrycznej. Powiedział:

„W momencie, gdy na te inne energochłonne towary, na przykład stal lub aluminium, jest większe zapotrzebowanie niż dodatkowe jednostki kryptowaluty, względna atrakcyjność Bitcoina spada. Wtedy osiągnięta zostaje górna granica ceny ”.

W zeszłym miesiącu dyrektor generalny Global Macro Investor Raoul Pal również przewidział, że cena BTC osiągnie 1 milion dolarów. Jeśli chodzi o Pal, Bitcoin wzrośnie o 1 milion dolarów do 2026 roku. W wywiadzie przeprowadzonym 20 grudnia prezes powiedział, że jego prognozy cenowe są oparte na modelu przepływu akcji. Pal powiedział, że twórca modelu przepływu zapasów, Plan B, wyjaśnia model i ułatwia analizę wpływu podaży na cenę.

Pal dodał również, że osiągnięcie 1 miliona dolarów BTC do 2026 roku nie jest „nierozsądne”

W 2020 roku Bitcoin przyciągnął kilku inwestorów indywidualnych i instytucjonalnych. Cena BTC wzrosła o ponad 3000% w ciągu roku i nowe szczyty w różnych metrykach. Skok ceny Bitcoin w 2020 r. Był napędzany różnymi czynnikami, w tym ogłoszeniem PayPal, aby zezwolić na płatności kryptograficzne na swojej platformie. W październiku PayPal poinformował, że jego 346 milionów użytkowników może teraz kupować i sprzedawać BTC i trzy inne aktywa cyfrowe za pomocą swoich kont PayPal.

Cheat sheet: How to explain Bitcoin to your family during the holidays?

Are you already worried about the upcoming Bitcoin discussions during your family meals? Don’t panic, we have prepared a cheat sheet for you to be unbeatable!

How to explain Bitcoin to your family?

You are a passionate pro-crypto and have revealed to your family that you have bought Ethereum Code. Big mistake! Between turkey and cheese, your uncle explains that cryptocurrency is based on wind . And your grandmother is worried about what she thinks looks like a scam . Breathe, and be a teacher: it’s about explaining to them what it is!

Your uncle: „Anyway, the price of Bitcoin is not based on anything“

Look, uncle, you sure can’t feel your bitcoins the way you feel your banknotes, but that doesn’t mean it’s based on wind. And then your euros, they are also rather digital: in Europe, 86% of funds do not exist in a tangible way , but only in the networks of banks. So to touch it, we’ll come back.

You know, uncle, the value of the euro is fundamentally determined only by the trust we give it . And it’s a bit the same for Bitcoin. It is based on a solid and very secure protocol, and it is this trust that allows it to exist. The proof is that more and more major companies are choosing to buy them . And that’s more of a proof that Bitcoin is solid, right?

Your sister: “It’s still more convenient to use PayPal or my bank! „

That’s because the last time you tried using Bitcoin was when I was still playing Legos! There are now a lot of services that are building bridges between traditional finance and Bitcoin . If you walk around Paris, you will see that there are now several Bitcoin distributors . And there are even Visa payment cards that allow you to spend your bitcoins with a credit card. Not to mention all the mobile wallets that have really simplified the way we use our cryptocurrencies.

And then sister, you forget that the interest of Bitcoin, it is precisely that it operates outside traditional financial systems . Your bank, it is very practical, but you have already tried to withdraw several thousand euros without notifying it in advance? With Bitcoin, you have complete freedom over your funds, and no one can confiscate them from you.