In a significant move that has caught the attention of cryptocurrency enthusiasts, the Shiba Inu (SHIB) development team is gearing up for a substantial burn of its meme coin. This move follows a series of smaller burns in recent months and comes ahead of a major upgrade to the network.

Shiba Inu team plans to record token burn

The Shiba Inu team, known for its proactive approach to managing the SHIB ecosystem, has incinerated over 36 billion SHIB tokens in the past two months. These burns were funded by the transaction fees generated within the Shibarium ecosystem. The upcoming burn, however, is set to eclipse these figures dramatically.

An estimated 9.25 trillion Shiba Inu tokens are on the line for destruction, derived from $1 million worth of BONE tokens reported by the team in November. This amount translates to approximately 101.5 trillion SHIB, of which a small portion has already been burned in four separate transactions.

The Shiba Inu team is also significantly shifting their burning strategy. Until now, the process has been manual, with the developers directly initiating each burn. Starting in January, this is set to change with the introduction of automated SHIB burns. This automation is expected to streamline the process and increase the frequency and volume of burns.

A recent blog post from the Shiba Inu team has shed light on the future of these burns, indicating a promising outlook. The move is part of a broader strategy to effectively manage the coin’s supply and value.

Implications of the Shibarium network upgrade

The Shiba Inu ecosystem is not just stopping at coin burns. The network is undergoing a major upgrade, with the Puppynet testnet transitioning from Ethereum’s Goerli network to Sepolia. This upgrade is part of the team’s commitment to improving the network’s performance and scalability.

The Shibarium network upgrade is poised to enhance user experience and bring new functionalities to the SHIB ecosystem. It represents a significant milestone in the project’s roadmap and is closely watched by investors and enthusiasts alike.

The cryptocurrency community is keenly observing as the Shiba Inu team embarks on these ambitious initiatives. The planned coin burn and network upgrade mark a new chapter in the development of the SHIB ecosystem. With these strategic moves, the team aims to bolster the coin’s value and utility, potentially impacting its position in the competitive world of cryptocurrencies.

$AI トークンの立ち上げが成功したことに続き、Sleepless AIは重要な財務戦略である$AI Together Planを発表した。この取り組みには、同社の NFT オークション収益から得た推定 250 万ドルを、$AI トークンの長期的な価格パフォーマンスの確保に充てることが含まれます。市場では祝福から懐疑まで様々な反応が見られる中、Sleepless AI はデジタル資産の価値を高めるために断固とした姿勢をとっている。

$AI Together Plan は、Sleepless AI が過小評価されていると考えている $AI トークンの現在の市場評価に対する明確な対応です。 NFT オークションの収益のかなりの部分をトークンに充てることで、同社はトークンの可能性に対する自信を示し、市場の不確実性に対処することを目指しています。この動きは、Sleepless AI の投資家に対するコミットメントと、トークンの長期的な成長見通しに対する同社の信念を示しています。

重要なポイント

ブロックチェーンと人工知能の連携により、セキュリティの向上、データ分析の改善、効率の合理化、パーソナライズされたユーザーエクスペリエンスの提供など、業界に変革がもたらされています。

ブロックチェーンと AI の組み合わせは有望ではあるものの、AI アルゴリズムの偏り、統合の複雑さ、規制上の懸念など、多くの課題を抱えています。これらのリスクに対処するには、多様なデータセット、慎重な計画、進化する規制への積極的なアプローチが必要です。

導入

TL;DR

サイドチェーンは、双方向ブリッジを介してメインブロックチェーンに接続された独立したブロックチェーンであり、サイドチェーン間での資産の転送を可能にします。

独自のコンセンサス メカニズムとブロック パラメータを使用して自律的に動作し、トランザクションの効率的な処理と特定の目的に合わせたカスタマイズが可能になります。

サイドチェーンは、スケーラビリティ、柔軟性、EVM 互換性を提供しますが、潜在的な分散化の課題や堅牢なセキュリティ対策の必要性などのトレードオフを伴います。

導入

重要なポイント

採用が増えているにもかかわらず、ビットコインは世界中で比較的知られていないままです。多くの人が暗号通貨やブロックチェーン技術について聞いたことがあると思いますが、いまだに多くの神話や誤解が残っています。

この記事は、ビットコインに関連する最も一般的な誤解のいくつかを解明することを目的としています。ビットコイン取引の透明性を強調し、法執行機関によるブロックチェーン分析の使用について説明し、ビットコインの環境への影響に関する懸念に対処するなど、さまざまなことを取り上げます。

TL;DR

A cryptocurrency whitepaper enables projects to explain their products and goals to their audiences. Projects can freely choose what kind of information they want to provide, but whitepapers usually include an overview of the project’s goals, tokenomics, products, features, and information about the team. As such, whitepapers can be a good place to start when doing research on a specific project.

Introduction

A whitepaper summarizes, in a single document, the important information related to a blockchain or cryptocurrency project. It’s a popular way of explaining how a certain project works and what problems it’s aiming to solve.

What is a whitepaper?

Generally, a whitepaper is a report or guide that informs its readers about a specific topic or issue. For example, developers can create a whitepaper about their software to educate users on what they are building and why.

In the blockchain space, a whitepaper is a document that helps outline the main features and technical specifications of a specific cryptocurrency or blockchain project. Although many whitepapers are focused on a coin or token, they can also be based on different types of projects, such as a decentralized finance (DeFi) platform or a play-to-earn game.

A whitepaper may provide an overview of essential data in the form of statistics and diagrams. Also, a whitepaper could explain the governing structure of the project, who’s working on it, and the current and future development plans (i.e., their roadmap).

However, there's no official way to make a whitepaper. Each project creates a whitepaper that fits its conditions best. Optimally, the whitepaper should be neutral and informative to clearly depict the project and its goals. Users should always be cautious with whitepapers that present persuasive language and projects that promise too much without giving enough information.

Cryptocurrency whitepapers are often thought of as business plans for crypto projects. It's because they provide investors with a comprehensive project overview. But, unlike business plans, whitepapers are usually released before the cryptocurrency launch. So, a whitepaper is often a starting point in which a crypto project lays out the direction and intention of its idea.

What information can you find in a whitepaper?

Founders make whitepapers to provide an understanding of the goal of their project. For example, Bitcoin's whitepaper says: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." While Ethereum's whitepaper describes its goal in the following way: "The intent of Ethereum is to create an alternative protocol for building decentralized applications."

Whitepapers often give an idea about the real-world utility of the crypto project. For example, it could describe how it solves a specific problem or how it can improve certain aspects of our lives.

Nevertheless, it's important to stay cautious about the promises. It's not a hard task to create a whitepaper. For example, the Initial Coin Offering (ICO) boom of 2017 gave rise to thousands of tokens with "innovative" ideas, but most projects failed to deliver. As a rule of thumb, remember that just attaching a cryptocurrency to a use case doesn't signify that it will be adopted and used.

So, in addition to goals and promises, whitepapers can also show how the cryptocurrency will really work. For example, one of the things it could explain is what kind of consensus mechanism it uses to allow network participants to coordinate in a distributed way.

A whitepaper could also give an in-depth look into tokenomics components, such as token burns, token allocations, and incentive mechanisms. Finally, a whitepaper could contain a roadmap informing users about the project timetable so that they would know when to expect the product releases.

Whitepapers are often designed to be straightforward so that anyone can read them and get at least the basic idea about the cryptocurrency or blockchain project. However, a good whitepaper will also give technical explanations to confirm the project’s competence.

Why are whitepapers important?

Whitepapers are important for the crypto ecosystem. Even though there are no standards for creating them, whitepapers have become a framework for researching crypto projects.

It's a general recommendation to start crypto research by reading the project's whitepaper. Users can use whitepapers to identify potential red flags or promising projects. In addition, they enable users to monitor if a project is sticking to its original plans and goals.

Whitepapers can provide transparency and equality by making the project's key information public. Various parties can benefit from whitepapers. For example, while investors can make better investment decisions using them, developers can decide on their possible participation in the protocol. Similarly, a person interested in the idea can decide more confidently if he wants to join a particular community after reading it.

Examples of whitepapers

Bitcoin whitepaper

The bitcoin whitepaper was published in 2008 by an anonymous individual or group known as Satoshi Nakamoto. The Bitcoin whitepaper is called "Bitcoin: A Peer-to-Peer Electronic Cash System."

The whitepaper outlines how people could use Bitcoin as a more efficient form of money outside the traditional banking model. It gives technical explanations of how the Bitcoin network allows users to send digital currency on the peer-to-peer network without intermediaries. The whitepaper also explains how the Bitcoin network is protected against censorship and double-spending attacks.

Ethereum whitepaper

A young programmer called Vitalik Buterin published the Ethereum whitepaper in 2014. But, even before it, Vitalik proposed the idea of the whitepaper in 2013 in a blog post, "Ethereum: The Ultimate Smart Contract and Decentralized Application Platform." The post presented the idea of a Turing-complete blockchain, which is a type of decentralized computer that can run any application if given enough time and resources.

The Ethereum whitepaper explains how its purpose differs from that of Bitcoin. Whereas Bitcoin has a specific function to provide digital peer-to-peer payments, the Ethereum whitepaper presented a platform that would enable developers to build and deploy all kinds of decentralized applications (DApps). This could be, for example, another cryptocurrency or a decentralized lending platform. The whitepaper also explains the technological solutions that made Ethereum possible, such as smart contracts and the Ethereum Virtual Machine.

Closing thoughts

Optimally, a whitepaper should provide you with a necessary understanding of what the cryptocurrency project plans to do and how. However, whitepapers are not regulated, and practically anyone can write one. So, if you are interested in a certain project, it’s important to analyze their whitepaper carefully, considering the potential red flags and risks.

Further reading

The Psychology of Market Cycles

What Is an NFT?

What Is GameFi and How Does It Work?

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Nimeandika hitimisho langu kwa mkutano wa kimataifa. Tulikuwa na jumla ya wasikilizaji 70,800. Sasa nimenakili hotuba zote kwa maandishi ili kila mtu aweze kuzisoma. 👍👍👍👉Kazi yetu sasa ni kueneza taarifa kuhusu GCV haraka iwezekanavyo, hasa makala yangu na mfumo wa kubadilishana vitu katika GCV. Hii ni juhudi ya kielimu ya kubadilisha mawazo ya waanzilishi.👉Hatuna haja ya kutafiti kanuni na teknolojia maana CT itaisimamia. lengo letu wakati wetu linapaswa kuwa juu ya kile waanzilishi wanaweza kufanya ili kutusaidia kufanya maendeleo haraka ili kushirikiana na CT. Nimegundua kwamba waanzilishi wengi wanataka maendeleo ya haraka zaidi, lakini hawachangii kikamilifu kufanikisha jambo hilo.👉Kizuizi kwa KYC na uhamaji ni hatari kubwa katika baadhi ya maeneo wakati kiwango cha sera kinapokuwa kikubwakwa hivyo, iwe umepita KYC au umehama, ni kazi yako kukamilisha kazi ya kwanza kwa kushiriki habari hii na jumuiya yako na kwenye mitandao ya kijamii ili kuzuia uuzaji na ununuzi wowote wa soko nyeusi au ubadilishanaji wa bei ya chini.👉Inapendekezwa kuhimiza ubadilishanaji wa bidhaa ndogo za ndani kuanzia $1-$10 ili kukuza uundaji wa data wa GCV na waanzilishi. Aina hii ya kubadilishana inaweza kupatikana kwa urahisi kwa waanzilishi wengi. data iliyokusanywa kutoka kwa kubadilishana vile inaweza kusaidia CT katika kuamua KYC, kasi ya uhamiaji, uchoraji wa ramani na kwa wafanyabiashara kuamua bei ya kubadilishana.👉Kwa bidhaa za bei ya wastani, usaidizi mdogo wa malipo wa FIAT na Pi kwa GCV unapendekezwa. mbinu hii inaweza kuhimiza wafanyabiashara zaidi kujiunga na kutoa bidhaa muhimu kwa waanzilishi bila kukosa pesa taslimu kwa muda wa usaidizi kabla ya OM. Pia itawanufaisha mapainia kwani wanaweza kuokoa pesa ili kupata kile wanachotaka.👉Bidhaa za anasa zinazotumia GCV zinaweza kutangazwa sasa kwa OM, mradi zinaauni GCV. Tunapaswa kutangaza hili kwa jumuiya ili kusaidia kuunganisha bei hivi karibuni.👉Baadhi ya waanzilishi hawaelewi kuwa mfumo mzima wa ikolojia hauwezi kutenganishwa na mifumo ya fedha, ikijumuisha FIAT na Pi. mifumo ya fedha ni kipimo cha kipimo cha thamani ya bidhaa au huduma.⚠️Baadhi ya waanzilishi wamesema kuwa CT haizungumzi kamwe kuhusu bei, kwa hivyo sisi waanzilishi hatupaswi kuwa na makubaliano juu ya bei, ambayo sio sawa kabisa!!!!Teknolojia ya cT ni kama mume, na bei ya makubaliano kutoka kwa waanzilishi ni kama mke. Pi OM ni mtoto mchanga. Wakati tu mume na mke wanashirikiana, wanaweza kupata mtoto. ikiwa mke hafanyi chochote isipokuwa kufuata kila kitu ambacho mumewe anafanya na kumpongeza kila siku, akisema yeye ni mkubwa na anaamini kwamba anaweza kupata mtoto, lakini akasahau jukumu lake katika mchakato wa kuunda mtoto, je, mtoto anaweza kuzaliwa duniani?-------------------Hongera! tumemaliza kongamano la leo la kimataifa la GCV, na ningependa kutoa shukrani zangu kwa waanzilishi wote waliohudhuria na kusikiliza kwa karibu saa nne. kwa niaba ya jumuiya ya Global GCV, ninataka kuwashukuru wasimamizi wa Arab Eagle A.E.C kwa kufadhili mkutano huu wa maana, ambao sasa utarekodiwa katika historia yetu ya maendeleo ya blockchain. pia ningependa kutoa shukrani zangu kwa viongozi wote 19 wa jumuiya ya kimataifa ambao waliwakilisha jumuiya ya nchi zao na kuunga mkono GCV.Kwa kweli tuna bahati ya kukutana na Mtandao wa Pi na kutembea pamoja kwa karibu miaka mitano. pi Network imetuleta hapa kutoka pande zote za dunia na imetupa matumaini na mwanga. Tunawashukuru sana Dk. Nicolas na Dk. Fan kwa kuwa na maono na dhamira nzuri ya kubadilisha ulimwengu wetu kuelekea amani na ufanisi.tumesikiliza hotuba kutoka kwa wazungumzaji 20 tofauti, na ni wazi kuwa GCV imekubaliwa kimataifa. Biashara ya kubadilishana nje ya mtandao inashamiri kulingana na GCV, na sasa ni wakati wa mfumo wetu wa ikolojia wa mtandaoni kutambua na kuheshimu GCV. hii ni muhimu kwa sababu mfumo ikolojia unaokomaa mapema utawezesha uzinduzi wa awali wa Open Mainnet. Bila mkakati mmoja wa kuweka bei, mifumo ikolojia yote itasalia tuli, hata kama kuna mamia ya mifumo bora ya ikolojia inayopati.Chanzo: Kaiza Siyo ushauri wa kibiashara ni vema ukafanya utafiti wako Binafsi.

Community Submission - Author: Vallery Mou


What is a blockchain oracle?

Blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world.

Blockchains and smart contracts cannot access off-chain data (data that is outside of the network). However, for many contractual agreements, it is vital to have relevant information from the outside world to execute the agreement.

This is where blockchain oracles come into play, as they provide a link between off-chain and on-chain data. Oracles are vital within the blockchain ecosystem because they broaden the scope in which smart contracts can operate. Without blockchain oracles, smart contracts would have very limited use as they would only have access to data from within their networks. 

It’s important to note that a blockchain oracle is not the data source itself, but rather the layer that queries, verifies, and authenticates external data sources and then relays that information. The data transmitted by oracles comes in many forms – price information, the successful completion of a payment, or the temperature measured by a sensor. 

To call data from the outside world, the smart contract has to be invoked, and network resources have to be spent. Some oracles also have the ability to not only relay information to smart contracts but to send it back to external sources.

Many different types of oracles exist – how a blockchain oracle operates is entirely dependent on what it is designed for. This article will go through some of those designs.


Example of a blockchain oracle

Suppose that Alice and Bob place a bet on who the winner of the US presidential election will be. Alice believes that the Republican candidate will win, while Bob believes that the Democrat will be the winner. They agree on the terms of the bet and lock their funds in a smart contract, which will release all the funds to the winner based on the results of the election.

Since the smart contract cannot interact with external data, it has to depend on an oracle to feed it the necessary information – in this case, the results of the presidential election. After the election is over, the oracle queries a trusted API to find out which candidate has won and relays this information to the smart contract. The contract then sends the funds to Alice or Bob, depending on the outcome.

Without the oracle relaying the data, there would have been no way to settle this bet in a way that couldn’t be gamed by one of the participants. 


What are the different types of blockchain oracles?

Blockchain oracles can be classified depending on a number of different qualities: 

Source – does the data originate from software or hardware?

Direction of information – is it inbound or outbound?

Trust – is it centralized or decentralized?

A single oracle can fall into multiple categories. For example, an oracle that sources information from a company website is a centralized inbound software oracle.


Software oracles

Software oracles interact with online sources of information and transmit it to the blockchain. This information can come from online databases, servers, websites – essentially, any data source on the Web.

The fact that software oracles are connected to the Internet not only allows them to supply information to smart contracts but also to transmit that information in real-time. This makes them one of the most common types of blockchain oracles. 

Information typically provided by software oracles can include exchange rates, digital asset prices, or real-time flight information.


Hardware oracles

Some smart contracts need to interface with the real world. Hardware oracles are designed to get information from the physical world and make it available to smart contracts. Such information could be relayed from electronic sensors, barcode scanners, and other information reading devices.

A hardware oracle essentially “translates” real-world events into digital values that can be understood by smart contracts.

An example of this could be a sensor that checks if a truck transporting goods has arrived at a loading bay. If it does, it relays the information to a smart contract that can then execute decisions based on it.

If you’d like to read more on a similar subject, check out Blockchain Use Cases: Supply Chain.


Inbound and outbound oracles

Inbound oracles transmit information from external sources to smart contracts, while outbound oracles send information from smart contracts to the external world. 

An example of an inbound oracle is one that tells a smart contract what the temperature is measured by a sensor. An example of an outbound oracle can be considered with a smart lock. If funds are deposited to an address, the smart contract sends this information through an outbound oracle to a mechanism that unlocks the smart lock.


Centralized and decentralized oracles

A centralized oracle is controlled by a single entity and is the sole provider of information for the smart contract. Using only one source of information can be risky – the effectiveness of the contract depends entirely on the entity controlling the oracle. Also, any malicious interference from a bad actor will have a direct impact on the smart contract. The main problem with centralized oracles is the existence of a single point of failure, which makes the contracts less resilient to vulnerabilities and attacks.

Decentralized oracles share some of the same objectives as public blockchains – avoiding counterparty risk. They increase the reliability of the information provided to smart contracts by not relying on a single source of truth. The smart contract queries multiple oracles to determine the validity and accuracy of the data – this is why decentralized oracles can also be referred to as consensus oracles.

Some blockchain projects provide decentralized oracle services to other blockchains. Decentralized oracles can also be useful in prediction markets, where the validity of a certain outcome can be verified by social consensus.

While decentralized oracles aim to achieve trustlessness, it is important to note that just like trustless blockchain networks, decentralized oracles do not completely eliminate trust, but rather distribute it between many participants.


Contract-specific oracles

A contract-specific oracle is one that is designed to be used by a single smart contract. This means that if one wants to deploy several smart contracts, a proportionate number of contract-specific oracles have to be developed.

This type of oracle is considered very time-consuming and expensive to maintain. Companies that want to extract data from a variety of sources may find this approach very impractical. On the other hand, since contract-specific oracles can be designed from scratch to serve a specific use case, developers have high flexibility to tailor them to specific requirements.


Human oracles

Sometimes individuals with specialized knowledge in a particular field can also serve as oracles. They can research and verify the authenticity of the information from various sources and translate that information to smart contracts. Since human oracles can verify their identity using cryptography, the possibility of a fraudster faking their identity and providing corrupted data is relatively low.


The Oracle Problem

Since smart contracts execute decisions based on data provided by oracles, they are key to a healthy blockchain ecosystem. The main challenge with designing oracles is that if the oracle is compromised, the smart contract relying on it is also compromised. This is often referred to as The Oracle Problem. 

Since oracles are not part of the main blockchain consensus, they are unfortunately not part of the security mechanisms that public blockchains can provide. The trust conflict between third-party oracles and the trustless execution of smart contracts remains a mostly unsolved issue.

Man-in-the-middle attacks can also be a threat, where a malicious actor gains access to the data flow between the oracles and the contract and modifies or falsifies the data.  


Closing thoughts

A reliable mechanism that facilitates communication between smart contracts and the external world is vital to the global adoption of blockchains. Without blockchain oracles, smart contracts would have to rely only on information already within their networks, which would considerably limit their capabilities.

Decentralized oracles have the potential to introduce safeguard mechanisms that could eliminate a lot of systemic risk from the blockchain ecosystem. Blockchain oracles remain one of the critical building blocks to be implemented in a secure, reliable, and trustless manner for the blockchain ecosystem to grow.