Helium is partnering with Dish Network to expand its crypto-based distributed 5G platform. Helium is a project focused on the 5G Internet of Things. On October 26, it was announced that it has taken an important step towards further expansion as a new partner with Dish Network.
According to the announcement, the partnership will offer Dish Network subscribers the opportunity to operate Helium nodes and earn HNT token rewards for sharing 5G wireless services with people in their region.
The Dish Network partnership is the latest in a year of intense growth for the Helium network, which currently has more than 256,000 individual nodes operated by 93,561 users worldwide. This partnership with Dish Network was made possible by a community vote in April and through partnership with FreedomFi approved the addition of a second 5G-capable network to the protocol. This will enable Helium to offer support for devices such as smartphones, tablets and laptops.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
The shiba inu coin rose 22% to another record after the crypto whale bought 277 billion coins. Shiba inu coin, a meme-based cryptocurrency, rose more than 20% on Tuesday to hit a record high of $0.00004853, according to data from CoinMarketCap.
The rise in the cryptocurrency was fueled Monday evening after an anonymous crypto whale purchased 276.6 billion shiba inu tokens for approximately $11.5 million, according to data from WhaleStats, which monitors the activity of the 1,000 largest ether wallets. The acquisition brings the crypto whale’s total holding in the shiba inu coin to 316.5 billion, which is worth about $15 million and the largest position in the wallet.
The rise in Shiba Inu represents a renewed wave of risk-based sentiment among cryptocurrency traders, especially after Bitcoin rallied to record highs of around $67,000 earlier this month. The Shiba Inu’s rise on Tuesday skyrocketed its market cap to $18.8 billion, making it the 11th largest cryptocurrency.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Jelena McWilliams, head of the Federal Deposit Insurance Corporation (FDIC), said the agency is working with other regulators in the United States to investigate “under what circumstances banks may engage in activities involving crypto-assets.”
Speaking at the Money20/20 Fintech Conference on Monday, McWilliams said that in coordination with the Federal Reserve and the Office of Currency Control, the FDIC is seeking to provide regulatory clarity for banks to process crypto assets, including stablecoins. The chairman said the FDIC plans to issue “a series of policy statements” on guidance for banks in the coming months.
According to McWilliams, stablecoins have many potential benefits, such as faster, cheaper and more efficient payments to consumers. However, he argued that if “one or more of them become a dominant mode of payment in the United States or globally,” it could have significant impacts on that country’s financial stability as funds are no longer held in insured banks.
“To realize the potential benefits stablecoins have to offer, while taking into account potential risks, stablecoins must be subject to well-designed government oversight,” said the FDIC chairman. “This oversight should be based on the basis that stablecoins mined outside the banking industry are backed by truly secure, highly liquid assets at a 1:1 ratio.”
McWilliams’ remarks came the same day as Bloomberg reported that many US regulators had agreed on the Securities and Exchange Commission, which is spearheading the country’s efforts to regulate stablecoins. The Treasury Department stated in July that it is exploring the creation of some form of banking charter for stablecoin issuers.
www.fdic.gov/
The apparent lack of regulatory clarity regarding their digital assets has been an issue for many firms in the US, who fear legal action or other forms of government response. Some lawmakers have introduced legislation for US regulators to work with participants in the crypto space to better define what is expected of them.
Source: Bloomberg
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
High assurance is paramount when developing and working with smart contracts. You want to be confident that the source code is of a high quality, that the contract is secure and will behave as it should, and that it utilizes good properties and behaviors in the process. Certification ensures that security checks are performed prior to any deployment, and that smart contracts can be continually audited as they are updated. It provides benefits to both smart contract developers and end users, helping protect user funds and project reputations alike from coding errors or exploits.
At September’s Cardano Summit 2021, we laid out our plans on the introduction of new levels of certification for decentralized applications (DApps) running on Cardano. This certification program will provide levels of quality for DApps and their internal smart contacts.
This initiative has been led by Professor Simon Thompson, technical project director at IOG, and Shruti Appiah, head of product at IOG. It will help us comply with the best practices we’ve seen around the industry. We are working with Runtime Verification, Tweag, Well Typed, Certik, and others to roll out this new certification program that will link in with the new dAppStore, also unveiled in prototype form at the summit. This will be released in conjunction with the new light wallet.
What are the different certification levels?
There are three levels of certification, each of which is complementary to the others, rather than being progressive in terms of assurance and auditing purposes.
Level one: Automated tooling
This certification level gives continual assurance about a range of properties for smart contracts. It covers the discovery of different types of issues or bugs and is characterized as low cost, low effort, accessible to everyone while providing a substantial level of assurance.
It can be applied repeatedly and automatically, so each time there is a release or a sub-release of an application, we can test to ensure that the application still has the properties that we expect.
Level two: In-depth audit
This level involves looking at the technology and processes that led to it being produced. It is characterized by the fact that it involves a manual audit and verification of smart contracts within the DApp itself.
The testing is performed at a much more in-depth level and involves more manual effort that can address a DApp in its entirety, even if it is written in a variety of languages.
Level three: Formal verification
This level is more specialized where we aim to provide full assurance of critical aspects of applications through formal verification of smart contracts. Formal verification involves ensuring that a smart contract serves the specific business or technical requirements defined at the outset.
What kind of assurance can we expect?
Certification will ensure the correctness, compliance, and consistency of requirements by both application developers and auditors. It will also guarantee the absence of common security vulnerabilities and provide a level of robustness, reliability, and maintenance of DApps deployed on Cardano. While certification will be strongly encouraged and the store curated accordingly, it will not however be mandatory or act as any kind of ‘gatekeeper’ thus maintaining a balance between the need for user assurance and decentralized principles.
By auditing the specifications and design and ideation phases, you can present evidence to the community and guarantee that things will work as expected. This evidence includes documentation of requirements to a detailed level, thereby creating a reference point for the future.
Certification status in the dAppStore
We plan to integrate this certification with the new dAppStore that we are building to provide cryptographically secure non-fungible tokens (NFTs) that give evidence of the levels of certification that we will guarantee. The dAppStore will be part of a light wallet that IO is developing, and users will be able to access the light wallet and dAppStore using a web browser, and in the store to view the certification status of each DApp as they browse through the categories and individual applications. Making the relevant certification status visible to users during the selection process will offer reassurance on quality and safety for users in their choice of DApps.
What is next for certification?
Professor Thompson says: We want to build support from the industry for emerging standards of certification. In the longer term, we will work with our partners and others to articulate best practices, which may involve forming an umbrella industry body to define new standards and practices for this domain.
We also plan to work with our ecosystem of partners to support certification of the first DApps on Cardano; one of a number of DEXs looking to launch on Cardano this year SundaeSwap also announced their plans at the summit to certify.
It is still early days. There are some technical challenges that we are busy working through about how we support versioning of DApps, how they will be packaged, and how to make them available to automated tooling. However, we are very excited about this journey with our partners and the general community to deliver a secure platform and applications built on top of it.
To learn even more about certification levels, and meet some of the partners on the program, make sure you watch the certification session from the Cardano summit.
source: cardano.org
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
The price of Solana coin SOL has been on the rise overall. SOL price has formed a formation that gives hope for the future. The price of SOL has been on the rise with the market-wide rally on October 25th. Total value locked in Solana also rose to record levels.
SOL price rose more than 6% to $214 during the day. SOL, which has gained 35 percent over the past week, has come very close to the record price level of $ 222 at the beginning of September.
The daily price chart of the SOL/USD pair showing the pennant breakout. Source: TradingView
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
About ADALend: ADALend is a decentralized lending protocol managed by the Cardano system. In this Cardano system, ADALend will impact the resilience of digital financial markets by providing a foundation for instant access to loans and collateral, leading to continued liquidity of the lender’s blockchain assets.
The ADALend protocol will power the new wave of flexible financial services in the digital asset markets.
Cardano ADALand
Key Features of ADALend
Unauthorized Lending on Any Matches: Our management will ensure that the best offers are available and only the safest prophecies are used. We guarantee reliable options for use by our customers. To achieve this success, secure authorization channels are used that limit the need for permissions for matching.
Incentivized Liquidity: Liquidity relies on having enough assets in each pool to facilitate lending. ADALend satisfies this requirement by encouraging users to invest their assets and provide liquidity.
Community Governance: Token holders can achieve consensus by voting on governance proposals or submitting new proposals for a vote.
Ecosystem Foundation Tier: ADALend has the ability to create incentives that can attract project assets and strengthen an ecosystem of financial products.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
ADALend has been included in the “Essential Cardano list” by IOHK. It has listed ADALend, which consists of projects considered as part of the ecosystem that provides and supports products and services to Cardano users, in its Essential Cardano List.
The “Essential Cardano List” provides an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation and Emurgo resources, as well as community-created materials and a list of available share pools.
The inclusion of ADALend in the list is a milestone for the project and its plans to broadcast consumer awareness about the project and its features.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cardano was built by a decentralized community of scientists, engineers and thought leaders united in a common goal: to create a technology platform that will spark the positive change the world needs. We believe that the future should not be defined by the past and that more is possible and possible for everyone thanks to technology. We measure the value of a task by its results, not by its difficulty.
Each island owner also owns a stake in the Cardano network. Ada stored in a wallet can be transferred to a pool of shares to earn rewards – to participate in the successful operation of the network – or can be committed to a pool of shares to increase the pool’s probability of receiving a reward. Over time, Ada will also be available for various applications and services on the Cardano platform.
source: cardano
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
