Connect with us


Are dApps Smart Contracts?



Let's discuss what a decentralized application is and the different types of decentralized applications. We also present the list of the top 3 dapps.

Smart contracts are code pieces executed on the blockchain, without the need for a server.
Smart contracts take on the characteristics of blockchain transactions, which means that they are transparent, unchangeable and auditable.
By creating smart interconnected contracts, developers can create decentralized applications ( DApps ), complete programs running on the blockchain.
Besides, more complex arrays of Smart contracts and DApps can create decentralized autonomous organizations ( DAOs ).
Unlike centralized systems, where contracts are kept in walled gardens and protected by organizations that tax their customers for the services they provide, all smart contracts are stored on the blockchain, immutable and accessible to all.


Smart Contracts

What makes smart contracts so crucial in the expansion of cases of the blockchain is the fact that the terms and conditions of all parties are fully quantifiable.
Lisk’s network developers will be able to integrate Smart contracts into their side chains.
Smart contracts can mean specific business processes and can be combined on a blockchain to perform more sophisticated functions.
Similarly, dapps uses Smart contracts to connect to the specific blockchain on which they are based.


Cardano, Ethereum and NEO Smart Contracts

To encrypt Smart contracts in Cardano, you must use Plutus, who is based on Haskell, the language used to encrypt Cardano.

And it’s just what Cardano uses Haskell to encrypt their ecosystem and Plutus for their smart contracts.
Neo wanted to create a Smart contract platform that has all the advantages of an ethereal Virtual Machine, without paralyzing its developers with language barriers. In ethereum, you’ll have to learn the solidity of encoding Smart contracts, while in Neo you can even use Javascript to encrypt intelligent contracts.

Smart contracts and dapps should have a clear difference in the security of the network.
Smart contracts and dapp’s in the current ethereal network do not differ, although according to the definition of Smart contracts, both are two different things.
Smart contracts provide security to your system, remember that there is no interruption of the third party with smart contracts.

Omisego is an ERC – 20 chip on the Ethereum blockchain, designed to provide open financial services through both blockchain technology and traditional financial services.

Buterin imagined a system in which the computing power of the blockchain nodes could be used for more than just hashing out a work algorithm test.
Instead, Buterin argued, such processing power could be used to execute contracts and applications within the blockchain.
Neo is implementing many of the same solutions as Ethereum, supporting Smart contracts and dapps.
Neo’s private partnerships are impressive, but let us remember that Ethereum is the current leader in the evangelization of blockchains for private companies.

Ethereum was the first significant Blockchain platform to build a Turing – complete language for Smart contract writing on the blockchain and was quickly adopted as a platform of choice for the development of dapp.
If your application requires sovereignty and flexibility, then you can develop on your blockchain without having to deal with the complex network and agreed on parts of the software.

Most programmers write the Smart contract in stable because it is easy to read the code and most of them avoid learning how to assemble.
In any case, if Ethereum is the best-known and active blockchain to bring Smart Contracts and dapps today, we will probably see many alternatives that come to life and compete in the coming years.


Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft



Token Taxonomy Initiative built as a technology-neutral initiative will operate across different blockchains currently having Ethereum, Hyperledger & Corda.

The Enterprise Ethereum alliance and Microsoft have brought together the major enterprise blockchain providers behind a new project aimed at helping businesses develop the proper crypto tokens for their particular needs.


Token Taxonomy Initiative

It is being called the Token Taxonomy Initiative and is being built as a technology-neutral initiative which will operate across different blockchains currently having Ethereum, Hyperledger, and Corda, the biggest enterprise blockchain solutions and this initiative already include large partners IBM, ING, JP Morgan, Intel, and Microsoft, all with the aim of creating token standards for business users across all network.


The process for the development of enterprises which is basically going to be as simple as a drag and drop approach. This initiative is a big leap for particularly in terms of actually kicking open the doors for enterprises to enter the space and say that it is quite easy to use this technology.

Continue Reading


Analysis: Will Ethereum Rise in 2019?



There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved.

Bitcoin and Ethereum have been leading the cryptocurrency market for quite some time. While bitcoin blockchain’s main motive is to track the transactions, Ethereum’s main motive is to run the codes of DEX or decentralized apps.

While most people feel that bitcoin will always lead the cryptocurrency market, some believe the cryptocurrencies such as Ethereum might overtake bitcoin in the future. Currently, a group of companies known as Enterprise Ethereum Alliance supports the Ethereum blockchain who are working hard to improve the overall functionality of the blockchain.


Can Ethereum rise in 2019?

While Bitcoin is a store of value and most people use bitcoin as a form of investment, Ethereum is mostly used by software companies for development of their own dapps.

Ethereum saw a tremendous rise in price as well as in market capitalization during the ICO era which might have ended last year. In 2017, there was a boom in the overall ICO market and most Initial Coin Offerings collected their investments in the form of Ethereum. This had led to a massive demand for ETH as investors had to purchase ETH first in order to invest in other initial coin offerings.

Ethereum Price Chart

Ethereum Price Chart

The price of Ethereum reached more than $1400 at the start of 2018 and people started to feel that Ethereum might even overtake bitcoin soon. However, as months passed in the year 2018, both the price and the market capitalization of ETH experienced a massive mall which might be related to the end of ICO era. Cryptocurrency analysts also believe that the massive selling of Ethereum by Initial Coin Offerings who had been storing them as investments was the main reason for the fall in the price of ETH. Thousands of ICOs started selling their ETH holdings when they saw a bear market coming upfront.


Why ETH might never rise again:

There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved. One of the reasons for this is the rising popularity of other blockchain platforms such as TRON who are direct competitors to ETH and some are even performing a lot better than Ethereum. The overall development of ETH blockchain seems to be quite slow and thus people have started to adopt other blockchains which are more suitable for their products and perform better than the Ethereum blockchain.


Another big reason why Ethereum might not rise again is the end of the ICO era. The number of initial coin offerings has seen a tremendous decrease last year and even lower this year. Also, the interest of investors has shifted from Initial Coin Offerings now as they do not see a safe and profitable future in investing in ICOs. As one of the major reasons for the rise of ETH was the ICO market and now with the end of the ICO era, Ethereum might never see those robust bulls again.


The following article is not financial advice. Readers are requested to do their own research and analysis before making any investment decisions in the cryptocurrency market which is highly volatile.


What do you feel about the future of Ethereum? Tell us in the comments section below.

Continue Reading


Ethereum is not a Security: SEC Chairman confirms Commission Staff Analysis



Jay Clayton, the Chairman of the SEC and an American attorney gave confirmation on the Commission Staff’s Analysis that said that cryptocurrencies such as Ethereum are not securities.


Ethereum like tokens are not securities:

The SEC chairman has responded to a letter signed which was signed by Tedd Budd and several other colleagues after asking that whether the policy that would put forward last year by William Hinman, the director of the Divison of Corporate Finance should be regarded as the policy of the SEC or just a judgment of the Securities and Exchange Commission’s staff.

Jay Clayton responded to the letter by stating that he agrees to the statements of William Hinman that was made during the June 2018 speech that concern the digital tokens or cryptocurrencies. He said that he agrees that if a digital token is offered as security is not fixed (static). It might be offered first as security as it might meet the definition of an instrument contract, however, the position might change over time if the digital token is offered in a manner that does not represent that definition anymore. He agreed with William Hinman’s clarification about how the digital token might not represent the definition of an instrument contract.


The response letter by SEC Chairman Jay Clayton:






Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.