Tag Archives: Cardano

Visit of Hoskinson Charles, creator of ETHEREUM and creator of CARDANO – ADA

Burundi: Visit of HOSKINSON Charles, co-creator of ETHEREUM and creator of CARDANO – ADA. Head of Burundi HE NDAYISHIMIYE Evariste (Major General), co-creator of ETHEREUM (2nd most important decentralized cryptocurrency after BITCOIN) and his team received a visit with Mr. HOSKINSON Charles and creator of the ADA digital currency. To be an internal cryptocurrency of CARDANO (Swiss-based Multinational, 60 billion USD Capital). Explaining that he wants to help Burundi digitize its public service; Empowering Barundi women and youth; and financing Burundi small and medium enterprises.

Cryptocurrency is a currency linked to a financial practice born in the wake of the global financial crisis – the banking crisis – in 2008. Ultra-capitalist neoliberals are infuriated to lose a lot of money with traditional capitalism subordinated to the Central Bank (the bank of all central banks based in Switzerland). ), they have now decided to lend money to each other, bypassing the Bank. Thus, Bitcoin and many other digital currencies will be born. In short, individuals fund each other with digital currency using blockchain, the revolutionary technology of a digital ledger, to establish trust.

Ingoma Y’Uburund i, a millennial African kingdom traditionally finances itself with production run by Bahutu Barundi [http://bdiagnews.com/hutu]. Ingoma Y’Uburundi doesn’t need banks. As the pillar of the capitalist project (see Colonization, Slavery) linked to the market economy, the introduction of the Bank began under Belgian colonization in Burundi in 1960, 2 years after independence. It became the Bank of the Kingdom of Burundi (BRB) in 1964 and ended with the Bank of the Republic of Burundi (BRB). As the bank was incompatible with the existence of Bahutu Barundi in 1972, the latter suffered a genocide: the 1972 genocide against the Burundi Bahutu [http://bdiagnews.com/genocide.htm ; https://bdiagnews.com/genocide-contre-les-hutu-du-burundi-en-1972/ ]. Produced by the neocolonial ALLIANCE (USA, VATICAN, France, Belgium and BAHIMA BARUNDI).

From colonization (crime against humanity) to the present, the financing of Burundi’s planning (all national policies) is carried out through BRB Bank, which is affiliated to the Swiss-based Central Bank.

HOSKINSON Charles, the American ultra-capitalist neoliberal, wants to offer Barundi an alternative to BRB using the open-source blockchain CARDAN and the digital currency (or cryptocurrency) ADA. But this digital currency requires Burundi to reach the electric and internet industrial revolutions. Which is not like that. Except for a privileged Barundi class, of course…

source: https://burundi-agnews.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.

New certification levels for smart contracts on Cardano

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.

Cardano ( ADA ) People

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.