With #SCL we are building upon what Bitcoin started; technology beyond currency, redefining how we interact, transact, and trust in the new digital age.
This is the evolution of decentralization—this is Dark Fusion Technology.
🎉 🎉 🎉 🎈 🎉 🎈 🎊 🎊 🥳 Gold 🥇 & Silver 🥈 has be in the game for over 7,000 years, Microsoft has be in the game for over 40 years, Alphabet has be in the game for over decades likewise all the listed companies. So Bitcoin has really done well.
#Bitcoin ’s value is fundamentally driven by its network effects,
Metcalfe’s Law.
This law states that the value of a network is proportional to the square of the number of its users,
Each new Bitcoiner not only adds to the network’s value but also increases the security and decentralization of the system,
Reinforcing Bitcoin’s position as the king.
Which encapsulates the vision that many Bitcoiners hold.
A future where Bitcoin is not just a digital asset but a fundamental pillar of a new financial paradigm that is inclusive, empowering, and liberated from the constraints of traditional financial systems.
Smart Contracts & Tokenisation on Bitcoin Layer 1, with Lightning Layer 2 & other UTxO based chains coming soon.
Dark Fusion is the first significant breakthrough in dApp and token development on the Bitcoin network.
Dark Fusion is a product suite consisting of a smart contract modeling language we call Simple Contract Language (SCL), designed to function on the Bitcoin network with multi-layer compatibility. Using SCL we have developed the SCL Token Standard, enabling developers to quickly deploy tokens on the Bitcoin network, the SCL Wallet to easily manage these tokens, the SCL Trade enabling users to trade these tokens, and the SCL Explorer enabling users to easily view and track transactions - all on the Bitcoin protocol.
Dark Fusion's SCL is meticulously designed to enable the creation and deployment of smart contracts, focusing on the issuance and transfer of assets on UTxO-based blockchains. Within this framework, a contract delineates the rights being issued and stipulates the necessary validation rules for the transfer of ownership.
At the core of SCL is the principle of client-side validation. In this model, both the sender and receiver maintain all transaction-specific data off-chain, sharing it only during ownership transitions. The proof of these transitions is then embedded in the Bitcoin blockchain, serving as a robust mechanism for validation & security.
This innovative approach allows participants to independently and reliably validate the state of any contracts they intend to engage with, enhancing the integrity and transparency of interactions within the ecosystem.
SCL's architecture also incorporates the concept of "Contract Hosts." These hosts play a pivotal role in the community by organising off-chain data into formats that are accessible and user-friendly. These hosts are versatile and can adopt various forms, tailored to specific applications. For instance, a host specialising in video game assets can dynamically scale its services in response to demand.
Furthermore, the utilisation of UTxOs in SCL unlocks the potential to integrate with the Bitcoin Lightning Network. This integration exponentially enhances the scalability, transferability, and security of SCL assets within the cryptocurrency ecosystem, positioning SCL as a forward-thinking solution in the realm of digital asset management.
Dark Fusion has engineered a major advancement in infrastructure on the Bitcoin blockchain. Through years of research and development, we've created Simple Contract Language (SCL) - the first smart contract modeling language designed for compatibility with the Bitcoin blockchain and other UTxO based chains.
Dark Fusion is a new decentralised application development standard using a proprietary UTxO-based contract execution framework it calls Simple Contract Language (SCL). It is designed for use on top of a both layer 1 and layer 2 solutions (such as Lightning Network) over a UTXO-capable chain (such as Bitcoin). SCL will focus primarily on the development of smart contracts & tokenisation on the Bitcoin network (Layer 1) during its launch.
It is important to note that SCL is layer agnostic and can be built upon higher layer chains, where applicable.
The Dark Fusion product suite is also bundled with a low-fee, fast-settling decentralised trade function called SCL Trade. For the first time, it allows a new standard of tokens to be transacted in a fully-decentralised manner on the Bitcoin blockchain. Dark Fusion has implemented its own proprietary token standard developed using SCL, and available for new project developers to build upon. Projects tokens built on SCL will be supported by the SCL Trade and SCL Wallet.
Dark Fusion was created to address bottlenecks and their resulting high fees in existing so-called high-throughput/low-fee chains such as Polygon. It utilises a robust token economy to reward validators, foster decentralised application development on Bitcoin and other UTxO blockchains, and provide a method for users to trade, send & receive and mint on the network.
Below, we will go into a deep dive of Dark Fusion SCL as well as its additional product offerings.
Utilising the Dark Fusion technology layer and SCL token standards, the Fair Gaming Network has deployed a range of compliant, regulated and licensed gaming infrastructure which is maintained by the $FAIR token.
The first application built on the Fair Gaming Network will be:
Ultrafair Free-To-Play Fantasy Sports
With additional gaming and sports based products to come in future.
The Fair Gaming Network is aimed at providing an all inclusive ecosystem allowing for Sports Fans, Gamers, iGamers, and more to compete with one another - all while enjoying the Spirit Of The Game.
JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application is rejected at that time.
JPMorgan on Potential SEC Approval of Spot Ether ETFs
JPMorgan predicts that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ethereum exchange-traded funds (ETFs). However, Nikolaos Panigirtzoglou, a managing director and global market strategist at JPMorgan, maintains that there is only a 50% chance of the securities regulator approving a spot ether ETF in May.
“If there is no spot ethereum ETF approval in May, then we assume there is going to be a litigation process after May,” Panigirtzoglou told The Block, adding:"
We believe that the most likely scenario is that the SEC eventually loses this litigation (similar to what happened with the Grayscale and Ripple legal battles last year), which means that eventually, the SEC will approve spot ethereum ETFs (but not as soon as this May).
This week, the securities regulator began soliciting comments on proposed rule changes for Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Fidelity Ethereum Fund. Blackrock, the world’s largest asset manager, also has an application for a spot ether ETF pending at the SEC.
The securities watchdog approved 11 spot bitcoin ETFs on Jan. 10 following a court ruling in favor of Grayscale Investments, which sought to convert its bitcoin trust (GBTC) into a spot bitcoin ETF, despite the SEC’s initial rejection. SEC Chair Gary Gensler subsequently stated: “We do things according to our authorities and how courts interpret our authorities.”
Several analysts have tempered their expectations for the SEC’s approval of a spot ether ETF by May. Do you think the SEC will approve a spot ether ETF in May?
19,675,000 Bitcoin are in circulation. At currently $68,400 per Bitcoin, that sums to ~1.35 trillion equivalent in US dollars.
While it came to this number, 838017 blocks were added to the Genesis block since early 2009. Over a period of 15 years, more and more energy, time and resources have been dedicated to the Bitcoin network every single minute by increasingly more people around the world, to in the end adding up to just 0.43% of the value of the current global debt of ~$313 trillion, caused by a broken monetary system.
The Bitcoin network right now is worth 0.43% of the world's total debt. These are just the ratios to global debt.
Again, is Bitcoin overvalued?
When you understand how uniquely Bitcoin works, which is in a decentralized way perfectly sophisticated symbiosis of many individual components working together like Swiss clockwork finely tuned hand in hand, all backed by physics and mathematics, which is the language of the universe and energy is its currency, then you realize almost in awe how light years away Bitcoin must be from the word 'overvalued'.
Bitcoin is so ridiculously undervalued that it is always worth buying Bitcoin - no matter when.
And to be honest: financial freedom is the smallest reason to own Bitcoin. The weight of these words gets heavier every day.