Cardano Hosts First Smart Contract in Argentina
The first legally enforceable smart contract on the Cardano network was signed and is currently under the jurisdiction of the courts in Argentina. Cardano is the site of the first smart contract in which Argentina’s courts have authority, following the country’s legalization of crypto as a payment mechanism in commercial contracts last December. Cardano Hosts […]
Layer Secures $6m to Solve Limitations of Smart Contracts
Blockchain infrastructure firm Layer secures $6 million to give developer tools for Ethereum full-stack decentralized applications. Fabric Ventures, Arrington Capital, Stake Capital Group, and 1kx sponsored a $6 million seed round that was participated in by Layer, a blockchain infrastructure firm. The company stated in a press release that it intends to use the money […]
FriendTech Shuts down, FRIEND Token Falls 30%
FRIEND token price of FriendTech, a decentralized social network platform, fell by 30% after the platform announced it had relinquished control of smart contracts An adverse trajectory enveloped the native token price as the Web3 firm’s community recently announced that it had relinquished control of smart contracts. The primary cause of this loss of smart […]
Crypto Hacks Rise in 2024, Smart Contracts Not at Fault
Crypto hacks surge by 42% in early 2024, with $542.7M stolen as hackers adapt tactics. In 2024, cryptocurrency hackers and exploiters may be on the brink of a more prosperous year, potentially surpassing their accomplishments from 2023. Hackers stole digital assets valued at $542.7 million in the first quarter of 2024, a 42% increase from […]
Simplifying Legal Agreements: How Smart Contracts are Changing Industries
When technology and other fields come together, they create new solutions that change industries. Over the past decade, smart contracts have evolved from a conceptual framework to a practical solution, offering unprecedented efficiency, transparency, and security. This article will discuss how smart contracts are changing industries. Understanding the Basics of Smart Contracts Smart contracts are […]