China continues its crackdown on crypto activities on Weibo, targeting more than 80 influential crypto personalities. Meanwhile, the IMF and FSB released policy recommendations to manage cryptocurrency-associated financial risks. In other developments, the DFINITY Foundation partners with Lugano’s municipality and Unstoppable Domains added .eth domain support to its messaging service.
Search Results for: dfinity
Stellar Joins Bytecode Alliance: A Shift from EVM to Wasm in Blockchain Technology
“Stellar, a globally recognized payments network, has joined the Bytecode Alliance, with a mission to advance the development of WebAssembly (Wasm). Wasm, initially used for browser applications, offers unique resiliency, making it an attractive alternative to Ethereum’s Virtual Machine (EVM) for executing smart contracts. Ultimately, Stellar’s goal is to impact Wasm development standards to benefit the broader Blockchain community.”
Blockchain’s Future: Unprecedented Transparency vs. Complex Privacy and Energy Concerns
“Blockchain technology, with its transparency and accountability, brings trust and confidence to numerous sectors, from finance to agriculture. However, significant challenges such as interoperability issues, energy consumption, and privacy concerns need immediate resolution for widespread adoption and realization of a decentralized utopia.”
Demystifying AI on Blockchain: A Pathway to Transparent and Trustworthy Tech Adoption
“The global rise of AI is impeded by transparency and trust issues, which could potentially be resolved by applying decentralized computation via blockchain technology. However, most blockchains lack sufficient infrastructure to support AI models as they demand substantial computational resources and data sets.”
Rise of Internet Computers: Eluding Centralization and AWS-like Services or Trading Security?
“Dfinity is developing a system called the Internet Computer, aiming to shift the foundation of the blockchain realm. They plan to remove centralized systems and replace them with ‘canister smart contracts’, providing a decentralized alternative to services like Amazon Web Services. However, these smart contracts can pose serious risks if flawed.”
Bitcoin 2023: Bear Market Impact on Attendance and Crypto Enthusiasm
Bitcoin 2023 conference in Miami Beach sees a drop in attendance compared to previous years, with only 15,000 attendees expected. Factors such as recent decline in digital asset prices, high inflation, and less disposable income may have contributed to the decrease in interest.