What is StarkNet?

StarkNet is a decentralized license Validity-Rollup. 

It operates as an L2 network over Ethereum, authorizing all apps to achieve unlimited scale for its computation. This, without compromising Ethereum’s security.

About

StarkNet supports scale. It keeps the L1 Ethereum’s security with the introduction of STARK proof off-chain and then verifying those proofs on-chain.

StarkNet is destinate to all developers which can establish any business logic using StarkNet Smart Contracts. 

This platform uses Ethereal level composability to facilitate development and innovation. 

Discovering StarkNet

In this software, users have the possibility to do:

Cairo 1.0: open source 

Cairo 1.0 is the new StarkNet’s open source. 

Ethereum Layer-2 (L-2) will be support the new version of Cairo, scaling solution StarkNet in Q1 2023.

Abdelhamid Bakhta, starkware Exploration Lead and former Ethereum said:

“We’re continuing to open source the StarkNet tech stack, beginning with Cairo 1.0. We’re doing this in order to fulfill StarkNet's vision as a public good that anyone can use, and that the community can constantly improve”. 

Cairo 1.0 builds datas demonstrable, therefore StarkNet’s censorship resistance properties will be reinforced. 

Cairo 1.0 is created from the ground up, allowing for faster feature development and for more community involvement.

This release was defined by its creator “the first milestone in reaching above goals”.

StarkWare’s STARK tech includes Decentralized exchange (DEX), Non Fungible Token (NFT) and Blockchain technology (protocol Celer Network). 

Upgrade 

In Cairo 1.0, many of the syntax/language improvements will be use. 

To show the differences between the old syntax and the new in Cairo 1.0, developers added the possibility to demonstrate  to users a few different implementations of finding the Fibonacci number. 

Cairo 1.0 will be available soon, stay tuned and enjoy this new release!

SOURCE: CoinTelegraph

READ ABOUT SUNAK AND CRYPTO: TWO GOOD FRIENDS…

Can blockchain technology be a catalyst to create value in finance 2.0? One of the most important task of transition to digital finance 2.0 is that it has to be applied with all appropriate safeguards. To build a more advanced society in economic and social terms the great challenge is to advance as fast as the industry does and transfer this knowledge to a range of different departments across the bank, from technological and operational development to the legal and risk teams, in order to work in the same direction and with a clear vision at the service of customers. New business models are continuously emerging and operating with automatic liquidity for their assets, which are often distributed globally. This new space should be able to positively impact society and improve the coverage of our needs, thereby increasing the productivity and security of the system.

Let's try to ask our question with the recent words by Alfonso Gómez, CEO of BBVA Switzerland Gómez spoke at the Fifth Blockchain and Digital Asset Forum hosted by online publication El Confidencial and he stresses that "as a bank, our role as depositary and custodian of digital assets is the cornerstone of trust in this system. Our mission should mean playing an absolutely critical role in providing our customers with an assured source of liquidity that ensures fully fledged convergence between a traditional and digital world, now and in the future." He also points out that "we believe in blockchain technology as a source of liquidity and efficiency in the system. When digital assets are divisible, it generates a democratization not only in terms of access to technology, but also as a form of access to a fairer society."

SOURCE: https://www.bbva.com/en/traditional-banking-in-the-crypto-world-a-pathway-to-enhanced-trust/

Marathon is a digital asset technology company that extracts cryptocurrencies. Has a focus on blockchain ecosystem and generation of digital assets. 

It’s the Bitcoin mining company and obtained the record of the second largest holder of Bitcoin.

Marathon doesn’t have its infrastructure behind its mining machines; for this reason, it had very hard months.

CEO Marathon Digital Fred Thiel, said that now the business has 11,300 BTC, which corresponds approximately to $205 million. 

In a tweet, Thiel said that they improved their Bitcoin production, from 72 in July, to 184 in August, then 360 in September, and then 615 - a record - in October. October, in fact, was the most productive month in their Company’s history…

Thiel added that he want’t sold Marathon’s Bitcoin and will continue with this business scheme.

SOURCE: CoinTelegraph 

READ ABOUT MiCA LEGISLATION IN CRYPTO REGULATION… 

The social media platform Instagram is a new marketplace. At last it gives to its creators the possibility to make their own digital collectibles. Them can be sell to fans on and off Instagram. 

Meta says that creators will be equipped with an end-to-end toolkit from creation and showcasing, to selling. 

Meta’s crew tested this new update with a little group of creators in the USA but soon, this feature will be expand to more countries. 

Meta is also expanding the different digital items that users will see. Will appear video and adding support for blockchain and wallet in addiction to the element that already exist.

Users have only to connect their digital wallet to Instagram. 

Stephane Kasriel - Meta’s head of commerce and financial technology - said that the Business won’t impose payments to create and sell NFT until 2024. 

People can buy the NFTs directly from the app across iOS and Android.  

SOURCE: CoinTelegraph

READ ABOUT META’S AVATARS… 

BLOCKCHAIN CRYPTOCURRENCIES SWITZERLAND UAE  - The United Arab Emirates has launched the strategy linked to the Metaverse. The government of Dubai aims, in fact, to create 40,000 jobs in the virtual sector by 2030 and to encourage companies in the territory to rely increasingly on Blockchain technology. The same objective is also set by the Swiss confederation with which a new partnership has been created.

Cryptocurrencies and blockchain opens an axis Switzerland Dubai

It is for this reason that the partnership agreement between Crypto Oasis of Dubai and the Crypto Valley Association based in Switzerland was born. The two associations have in fact signed an agreement aimed at connecting companies and promoting growth in the sector blockchain and cryptocurrencies.

Both associations were founded by Ralf Glabischnig, who in his entrepreneurial path tried to make the canton of Zug a kind of Silicon Valley of the crypto world, a "crypto valley". It is precisely in Zug that the Crypto Valley Association (CVA) is based that leads the partnership with the UAE counterpart based in Dubai.

Crypto Valley Association, while supported by the Government of Bern, remains an independent association, which seeks to connect start-ups and companies already involved, or interested, in the sector blockchain and cryptocurrencies. The Crypto Oasis has a very similar operation to the Swiss counterpart, but focuses more on the Middle East and brings together many more realities, such as companies, individual investors and collectors, start-ups, research institutes, service providers and associations linked to public administration.

The Goals of Crypto Oasis and Crypto Valley Association

"This alliance will connect a fragmented blockchain world by connecting Switzerland, which is at the forefront of disruptive technology, with the Middle East, which is all set to become the new hub for crypto and blockchain."

This was stated by Faisal Zaidi, co-founder of Crypto Oasis who will head the project in the Dubai side. The UAE CVA has already brought together more than 1,100 local organisations. However, the goal is to reach 1,500 by the end of 2022. More complicated are for the Swiss headquarters that took six years to involve 1000 companies, but that hopes to grow faster in the near future.

In fact, the hope is to be able to make it easier for companies and start-ups to grow and adopt cryptocurrencies and blockchains that can share knowledge with other companies scattered around the world.

J.P. Morgan and Visa had a cooperation in the field of Blockchain. They decided that will use new tools from their private Blockchain Liink and B2B Connect to help cross-border payments. 

Liink - property of J.P. Morgan - is made by Onyx. 

Onyx has a team of experts on B2B payments who focus on improving the payments process for hotels, travel, agencies, corporate travel departments, event planners and others. Onyx’s Confirm is an account-information validation product that certify transactions giving users genuine identities and correct informations.

Confirm now has been integrated to Visa’s B2B Connect. 

J.P. Morgan also announced that Deutsche Bank will soon be a founding member of Confirm. 

SOURCE: Forbes 

READ ABOUT BLOCKCHAIN’S WORLD… 

The Build ’N Build Chain (BNB) acts as a governance token. Over the past year, the BNB Chain community has made even further technical upgrades for progressive decentralization.

For users, transactions were stopped on Thursday after a hacker attack. This misadventure was attended in time to freeze most of  the finance: only US$100 left their virtual bank.

The platform is back online but people maybe can’t  use their funds - if they’ve try to do a cross-chain transfer- because are halt but 100% safe.

Before invasion, BNB lost 5.5% of its value.

SOURCE: Forkast

READ ALSO ABOUTE BLOCKCHAIN TECHNOLOGY…

TheMetaEconomist 2022 - Privacy / Cookies
crossmenu