Third generation Zilliqa is almost ready to release the next version of its testnet. Testnet v2 will support their new smart contract language bringing a next-level security to decentralized applications (Dapps) running on the network.
Zilliqa Builds in Safety Measures
Scilla, the new smart contract language designed for Zilliqa, will make applications running on Zilliqa less vulnerable to attacks. By getting rid of certain known vulnerabilities directly at the language-level it will make sure that Dapps will be much safer to build and run.
Cryptocurrencies are at risk of security flaws. Recently EOS announced its bug bounty program, offering up to $10,000 for the most severe bugs found. Since May 31, 39 bugs have been found and resolved. The most recent one was June 27 and received the maximum bounty because it was so serious. By building safety into smart contracts, Zilliqa will be able to secure its reputation as a safe, scalable cryptocurrency.
In a blog post, Zilliqa said: “As a result, it is extremely important to ensure that a smart contract deployed on a blockchain is bug-free and safe. Safety of smart contracts is particularly critical because they are run in a Byzantine environment, where, every party involved with a contract can potentially be malicious.”
Developer Grant Program Announced
Zilliqa announced a developer grant program called the Zilliqa Ecosystem Grant on June 19. The main objective will be to support teams developing tools, libraries, and Dapps for the Zilliqa platform. The total funding for it will be $5 million of which at least 30% will be given out as ZIL. The projects will need to be long-term projects as the funding will be spread across a period of time. The Zilliqa team will also provide support and advice to the projects.
In a blog post, Zilliqa said: “To encourage the development and adoption of applications that are built on our platform we are pleased to announce the details of the Zilliqa Ecosystem Grant Programme — a pool of $5 million USD that will be given to great projects, teams, and individuals to start building tools and applications for the Zilliqa platform.”
New Dapps to #BuildonZIL
Spuul, an over-the-top provider of video streaming content have announced that Spokkz will be running on the Zilliqa network. Spokkz is a film and TV ecosystem. The provider has a user base of over 57 million users and provides content in 180 countries. This means it will have plenty of reach.
A new open entertainment network has also stated its intentions of building on Zilliqa. Bolt aims to use blockchain technology to change how we access content, data, and educational resources. They claim to be the world’s first open entertainment economy and are listed on the Switcheo exchange.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Austin via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…