Browsing: Smart Contracts

europarliament-approves-data-act-that-requires-kill-switches-on-smart-contracts

The act would encourage data sharing, but it imposes requirements for smart contracts used in this setting that have alarmed members of the crypto community. The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is

web3-firm-acquires-creator-of-south-africa’s-first-listed-pow-crypto,-safcoin

A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acquisition of FHM, the cryptocurrency will now “list and merge all its digital use-cases and platforms into the new

can-web3-be-hacked?-is-the-decentralized-internet-safer?

Security stands as one of the most crucial features as, in a Web3-powered world, tools and applications hosted over the blockchains go mainstream. Web3 came into existence posed as a blockchain-powered disruption to the current state of the internet. Yet, as a nascent technology, a fog of assumptions plagues discussions about the real capabilities of

can-blockchain-be-used-without-cryptocurrency?

Blockchain technology supports cryptocurrencies but can also be used for supply chain tracking, identity management systems, healthcare and more. Can smart contracts exist without blockchain?Blockchain technology is necessary for smart contracts to function because it enables automated agreements to be conducted and carried out without the involvement of a third party. Similar to smart contracts, database