Smart contracts are on the rise. With networks like Ethereum, Solana, and Cardano getting increasingly popular, more people than ever are utilizing the benefits of these contracts. Smart contracts are protocols or programs that execute on the blockchain when certain specified requirements are met. They can be used for financial reasons, medical reasons, gaming, and more. One of the biggest struggles facing smart contracts is ensuring the information they receive is accurate in order for the contract to execute properly at the time it is supposed to. This is where Chainlink comes in. A Decentralized Oracle Network The goal of the Chainlink network is to connect smart contracts to data…
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Is Solana The Ethereum Killer?
A Comparison of Two Crucial Coins in The Crypto Market
Next to only Bitcoin, Ethereum (ETH) is the second most popular cryptocurrency in terms of market cap. It holds one of $470 billion, as of 10/27/2021, which is significantly larger than that of many Fortune 500 companies, including Netflix or Walt Disney Co. Vitalik Buterin created ETH in July of 2015, and since then the coin has seen significant growth, with an active community and team of developers who continue to find and fix problems within the ETH blockchain. Solana (SOL) is a coin that has gained massive traction in 2021, founded by Anatoly Yakovenko in 2017, and many say that it will trump ETH in time because of how…
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The government can't build a digital dollar without help, according to Federal Reserve Chairman Jerome Powell (Photo: Wikipedia)Building digital dollar requires private sector’s help: Fed Chairman
Jerome Powell told an international financial conference that ‘the private sector has the experience and expertise’ needed to help build digital currencies
The chairman of the Federal Reserve said today that the U.S. government will have to work with private firms to improve the way money is moved around the world. Speaking via video at a Bank for International Settlement (BIS) conference in Basel, Switzerland on March 18, Jerome Powell acknowledged that the current system of cross-border payments needs to be improved and digitalized. He said: “The COVID crisis as brought into even sharper focus the need to address the limitations of our current arrangements for cross-border payments.” It has, he said, “shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.” A key…
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Visa CEO: We’ll let you spend crypto at 70 million merchants
Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin
“We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”
