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Cryptocurrencies/Coins/ChildCoin (CHILD)
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10h agocryptodaily
The Revolution of Smart Contracts: Why they are disrupting the World
A smart contract is the brainchild of the blockchain evolution. Despite still being in its primitive phase, blockchain technology has introduced the disruptive concept of decentralization and showed how it can be used to solve different problems across a multitude of industries. When Ethereum was introduced by Gavin Wood and Vitalik Buterin in 2015, it sparked the emergence of the second generation of blockchain — bringing new techniques and ideas to handle distributed ledgers. One of these techniques included smart contracts, which opened the blockchain's doors to automation. Wait, What’s a Smart Contract? To fully understand what a smart contract is, the first thing to know is that it is a program that is hosted on a blockchain network. In addition to the guarantee that data is protected from being tampered with, each contract has specific predetermined conditions that will trigger certain outcomes when met. Furthermore, smart contracts also allow parties to agree on results accurately and timely. As they are not managed by a central authority, proper smart contract implementation offers an important infrastructure for automation. What’s more, they are shielded from single-point assaults made by malicious entities like hackers. Meanwhile, in multi-party digital agreements, smart contracts reduce counterparty risk, increase efficiency, reduce costs, and maintain transparency. What Influenced the Need for Smart Contracts? With the ever-progressing digital era, smart contracts have gained traction as the decentralized solution for preparation and execution of agreements. They are available for implementation among any two parties around the world. Not to mention, these contracts are accessible, easy to implement, transparent, and free of distance and geographical limits. For example, a company based out of South Korea can ink a deal with another organization from the U.S. without the need to physically travel and sign papers. After both parties have reached a consensus on the terms and conditions, a smart contract is created. Once finalized, it will be executed on the blockchain network and be registered as a blockchain transaction. What Can Smart Contracts Offer? The primary advantage of smart contracts is the minimized risk that two parties, who might be total strangers to each other, take when they are involved in a digital agreement. This is mainly due to the possibility that either of the participants could abandon their end of the bargain (also known as “counterparty risk”). Counterparty risks are mitigated through the use of centralized institutions, like banks, to uphold the contract’s terms. However, this design gives rise to another issue where the more prominent, centralized host can exercise authority over the contracts. Using smart contracts eliminates this possibility. Besides eliminating the need for a third party, using smart contracts comes with the following benefits: Security One of the key selling points of smart contracts is having the transaction run on the blockchain. This means that hackers cannot take advantage of vulnerable points. Moreover, within a smart contract’s conditions, no trusted intermediary can be bribed or otherwise influenced. Efficiency Smart contracts can increase efficiency for multiple parties with the help of automation of back-end processes. As a result, there's no need for manual data input, and no waiting for the counterparty to meet their end of the bargain — all while eliminating the need for intermediaries. Solidity Besides providing a high level of reliability, smart contracts have their logic processed redundantly and verified by a decentralized network of nodes. Consequently, this gives the agreement protection against tampering. The high accuracy of smart contracts makes them much more reliable than other processes, as they virtually guarantee that the contract will lead to the desired result as intended. Equity Smart contracts prevent for-profit intermediaries from taking advantage of their position to make money. To achieve this, a decentralized network is called into action to provide and enforce the terms. What are the Use Cases of Smart Contracts? DeFi Products DeFi applications use smart contracts to streamline services and simplify processes. For instance, through smart contracts, users can hold their funds in escrow and give them away to others based on predefined conditions. Tokens Individuals can use smart contracts to create, monitor and assign ownership rights to digital tokens stored on the blockchain. The tokens that these contracts issue have features and functions that are of good use to users. NFTs and Gaming The mass adoption of smart contracts is typically found in blockchain-based games like Axie Infinity, Nine Chronicles, Gods Unchained, and more. Another example is Planet IX, whose smart contracts are ground-breaking since they enable real in-game asset ownership, tradable in-game assets, P2E and on-chain random lottery functionalities, decentralized governance, and a game-economy liquidity provision. Soon, Planet IX users can anticipate a new in-game economy in lending and borrowing and tradable reward-streaming NFTs. Most importantly, there’s soon to be a cross-chain gaming experience. In Summary A smart contract is a digital way of executing an agreement between two parties. It eliminates the involvement of third parties, cascades geographical barriers, and executes agreements swiftly and reliably. Likewise, smart contracts over a blockchain can be tracked and managed safely, making them highly utile instruments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
SBF To Be Interviewed At NYT Event
The FTX founder will be talking with New York Times columnist Andrew Sorkin at the DealBook Summit on Wednesday. SBF Announces Interview Sam Bankman-Fried (SBF) will be making his first virtual appearance at a public event since the collapse of his FTX ecosystem. On Wednesday, the disgraced founder announced on Twitter that he would be appearing at the DealBook Summit organized by the New York Times on November 30. He disclosed that he would be sitting down for a chat with Andrew Sorkin, who is the founder and editor-at-large of DealBook at the New York Times, He tweeted, “I’ll be speaking with Andrew Sorkin at the Dealbook summit next Wednesday (11/30).” “Nothing Is Off Limits” SBF, who is currently under investigation by law enforcement agencies and financial regulators, is still holed up in the Bahamas, where his now-defunct crypto exchange is headquartered. Although he will not be physically present in New York during the event, a spokesperson with the New York Times disclosed that Bankman-Fried would be participating in the interview virtually from the Bahamas. Sorkin has also confirmed that he will be interviewing with SBF and has even insinuated that he will be bringing up several difficult yet pertinent topics. He tweeted, “A lot of folks have been asking if I would still be interviewing SBF at the New York Times DealBook Summit on Nov 30…The answer is yes. There are a lot of important questions to be asked and answered. Nothing is off limits.” The Downfall Of The Crypto Poster Boy Bankman-Fried had long positioned himself as the poster child of responsible crypto investing. He had been buying out undervalued assets, loaning money for bailouts, and exhibiting fiscal restraint. He has even lobbied US regulators and Congress members and advocated for a bipartisan crypto bill. However, this image collapsed when news broke of discrepancies in FTX’s balance sheets. The exchange’s native FTT token started plummeting in value. This tanked Bankman-Fried’s personal valuation as well, as most of his wealth was held in FTT. He lost his billionaire status almost overnight, with a 95% drop in net worth from $16 billion to $995 million. Soon after, the company applied for Chapter 11 bankruptcy filing, and SBF stepped down from his position as CEO of FTX. Although he has been quite vocal on Twitter, the DealBook interview will be the first one he will voluntarily attend, albeit virtually, since the collapse. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agocryptodaily
Is a dark web without violence possible? Tomi says yes
Well before talk of crypto-powered Web3, the vision for an alternative, surveillance-free internet hinged on the success of the so-called dark web, a popular name for web content that exists on overlay networks that use the Internet but require specific software, configurations, or authorization to access. Through the dark web, private computer networks can communicate and conduct business anonymously without divulging identifying information, such as a user's location. The point was to empower communication free of the watchful surveillance eye of governments and corporations, and to that end it worked. The problem, however, is it quickly became hijacked by criminals and terrorists. The most popular dark web network, Tor, is filled with child sexual exploitation imagery, arms dealers, human trafficking, and drugs. Regardless of where you fall on the free-speech spectrum, we can all agree much of the content on the dark web is more of a bug than a feature that should remain. Until now, cryptocurrency has been used only as the currency by which to exchange goods and services on the dark web. But one anonymous project that goes only by Tomi has found a way to harness blockchain to tackle the censorship question. The project is building TomiNet, a secure and encrypted protocol empowering journalists, activists, and ordinary citizens to surf the web free of government and corporate surveillance. Led by eight senior crypto veterans working with 72 developers, the network leverages DAO governance to foster community-driven censorship of the more illicit activities that run rampant on the most prominent alternative internet networks today. The idea behind TomiNet is simple: Governments and corporations can’t be trusted to govern the network—just as they aren’t on the dark web. Instead, let the community itself strike down violence and exploitation anonymously. TomiNet is governed by a community-led DAO, which votes on decisions via “Pioneer” NFTs and Tomi tokens about running TomiNet and censoring content that doesn’t meet the network’s “blacklist” community guidelines. Terror, child-sexual-abuse imagery, and other forms of violence are among the categories on the blacklist to be voted down by the DAO. The Tomi team holds weight equal to average users in voting about the community guidelines and censorship, though it will hold enough tokens to have stronger influence over the technological direction of the project in the initial stages. TomiNet is structured in a way that creates a path for the citizens of the new web to out-vote the core developers and technological leadership within three years. That’s intentional on the part of Tomi, which doesn’t seek the kind of power held by the leaders of projects such as Ethereum or Cosmos. The question of how to reign in the dark web’s most dangerous elements will surely be debated for years to come, but what’s for certain is blockchain mechanisms aren’t the enemy, and in fact can potentially be part of the solution, as Tomi suggests in building TomiNet. It will be worth watching how far DAO governance goes in terms of cleaning keeping the elements that gave the dark web its name out of TomiNet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocoindesk
Sorare, Under Pressure From France’s Gambling Regulator, Will Expand Free Access
Regulators and lawmakers are concerned about money laundering and children becoming gambling addicts
12 days agocryptodaily
Ronaldo Dropping First NFT Collection With Binance
Football superstar Cristiano Ronaldo has launched his first-ever NFT collection in partnership with crypto exchange Binance. Ronaldo Announces NFT Drop Ronaldo has partnered up with the world’s leading crypto exchange in an exclusive, multi-year deal. It is a part of a global marketing campaign to introduce Ronaldo's extensive fanbase to Web3. The collection will drop on November 18 on the Binance NFT marketplace and will feature seven animated statues of the football legend, each capturing him in an iconic moment from his life. For example, his legendary bicycle kicks, glimpses of his childhood in Portugal, and more. Talking about his first NFT drop in a press release, Ronaldo stated, "It was important to me that we created something memorable and unique for my fans as they are such a big part of my success. With Binance, I was able to make something that not only captures the passion of the game but rewards fans for all the years of support." The five-time winner of the Ballon d’Or announced the collection launch on Twitter and urged his fans to join his Web3 community and own iconic moments from his career. More About CR7 NFTs These statues are all available in four levels of rarity - Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). The collection will be up for auction for just a day, and anyone interested in buying a particular NFT will have to bid on it. The highest bidder will receive the NFT. The starting points for each level of rarity have been fixed, with the SSR level NFTs to start bidding at 10,000 BUSD and the SR levels to start bidding at 1,700 BUSD. Depending on the rarity level, there will be exclusive perks associated with the NFTs. Some of these include a personal message from Ronaldo, autographed CR7 and Binance merchandise, direct access for future Ronaldo NFT drops, complimentary mystery box items, or a direct entry into giveaways. Binance Co-Founder and CMO, He Yi, addressed the partnership and the collection launch, saying, "We believe the metaverse and blockchain are the future of the internet. We are honored to collaborate with Cristiano to help more people understand blockchain and showcase how we are building Web3 infrastructure for the sports and entertainment industry." Footballers x NFT There has been a growing trend of sportspersons and athletes stepping into the web3, mostly by launching their own NFT collection. In August 2022, Argentinian superstar Lionel Messi dropped the Merssiverse x Bosslogic collection in partnership with Ethernity Chain, featuring all of the footballer’s achievements, iconic moments, and future accomplishments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 days agocryptopotato
Luna Foundation Guard, TFL Spent $3.4 Billion to Defend UST Peg: Report
UST, the once-poster child for decentralized assets tied to the USD, de-pegged in May this year, wiping out billions in value.
15 days agocryptodaily
Find Your Crypto Tribe and Thrive with Big Eyes Coin, Shiba Inu, and Dogecoin
Investing has changed over the last ten years, and meme coins have had a significant impact. Back in the day, investing was accessible only to the privileged few, but now anyone can get involved, and they don’t have to go at it alone or hold a certain amount of wealth. There are a host of supportive meme coin communities which are putting the health and prosperity of the group first. Two meme coins which are famous for their community strength are Shiba Inu (SHIB) and Dogecoin (DOGE). Shiba Inu is one meme coin which has gathered a fiercely loyal and supportive community that bands together to drive development and engagement. On the other hand, Dogecoin, aka the father of meme coins, has a community that boasts Elon Musk's support and a very tenacious and committed community due to its world-leading ally. Big Eyes Coin (BIG) is a recent addition to the meme coin kingdom. It also boasts a diverse community which is currently celebrating its strong performance in presale. Even though Big Eyes Coin is new to the community, it is already gathering a strong tribe of philanthropic and creative individuals. This article will seek to help align the reader with their ideal meme coin tribe. The Shiba Inu community values development and entertainment Shiba Inu (SHIB) is a dog-themed meme coin which is an alternative to Dogecoin. Shiba Inu rose to fame in 2021. The Shiba Inu prides itself on being self-made; it came from nothing and has created a massive meme coin with a market capitalisation of $5,378,809,345 at the time of writing. The Shiba Inu community is active across a broad range of social media platforms, where members discuss their plans, solve problems, and socialise. Key features which ensure community engagement include the Shiboshis NFT collection, Shiba Eternity play-to-earn (P2E) game, and ShibaSwap. All these features make the Shiba ecosystem a real joy to be a part of; the ShibaSwap builds bridges between other coins, the Shiba Eternity P2E game drives uptake, and the Shiboshis NFT collection appeals to collectors the world over. The Shiba Inu community has definitely taken every opportunity to adapt to the times, and as it is driven by its community which is always expanding, it is likely that there will always be something for everyone in the folds of its expanding ecosystem. The Dogecoin community is ready to follow Elon Musk to the moon Dogecoin (DOGE) experienced a rapid surge in value when Elon Musk recently bought Twitter. Dogecoin spiked 160%. Since then, it has crashed alongside the rest of the crypto market. However, its community is as strong as ever and is currently committed to pondering its future now that Elon Musk has bought Twitter. The possibilities are endless when it comes to Dogecoin’sDogecoin’s future integration with Twitter, but these are just speculations at the moment. Alon Musk is not Dogecoin’sDogecoin’s whole personality, but their shared history makes their relationship very prominent in the Dogecoin culture. However, the Dogecoin community also has some wonderful core values that support its obsession with Elon Musk. Creator Billy Markus said that the true value of Dogecoin: are joy, kindness, learning, giving, and empathy. Dogecoin may have a slightly unhealthy obsession with Elon Musk, but who doesn’t these days? Its hashtag, #DoOnlyGoodEveryday sums up its community spirit and values perfectly. The Big Eyes community supports charities and sustainable directives The Big Eyes Coin (BIG) is currently gathering its community together while raising money in its presale. Unlike Dogecoin and Shiba Inu, this meme coin features a manga-styled cat. A cat to maybe unseat Dogecoin and its disciples? Maybe. The unique feline features of Big Eyes Coin are already setting it apart from the competition and attracting a community which has more on its mind than Elon Musks Twitter page. The Big Eyes community is designed to self-propagate wealth for its community at the same time, help protect the planet’s oceans and marine life. 5% of the Big Eyes tokens will therefore be placed in a visible community wallet and then donated to charities protecting our oceans and seas. Recently the Big Eyes community raised $1,000 for Action for Child Trauma International and $1,000 for the Sea Shepherd and is currently running a campaign for the Fruit Tree Planting Foundation. Final Thoughts The meme coin you choose will depend on what you want from your future crypto community. Shiba Inu can give you plenty of entertainment, Dogecoin can bring you closer to Elon Musk, and Big Eyes Coin will give you the opportunity to make a real difference. Whoever you are, there is a tribe out there for you that will help you grow your wealth and your global connections. For more information on Big Eyes Coin (BIG) and its community, please visit the following links: The Big Eyes Presale: The Big Eyes Website: The Big Eyes Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About ChildCoin

The live price of ChildCoin (CHILD) today is ? USD, and with the current circulating supply of ChildCoin at ? CHILD, its market capitalization stands at ? USD. In the last 24 hours CHILD price has moved ? USD or 0.00% while ? USD worth of CHILD has been traded on various exchanges. The current valuation of CHILD puts it at #0 in cryptocurrency rankings based on market capitalization.

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ChildCoin Price? USD
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