Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It...
Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a new stage powered by its platform. Now, the Internet Computer has taken another step into the future. Its community recently voted and approved the “Increased Canister Storage” as Internet Computer continues to integrate more features and upgrade its platform. Next, the community will use the power....
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After recently implementing Bitcoin link smart contracts, the Internet Computer (ICP) ecosystem continues to expand. Via press release, its developer the DFINITY Foundation announced a partnership with United Esports to launch a blockchain-based gaming program called Achievement Unblocked. Related Reading | Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible The program will consist of a competition series that will follow a team of developers looking to innovate in the sector. With a background in traditional software development turned to....
Efforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption. Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. Internet Computer will utilize its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses that are hosted directly on Internet Computer, Dfinity Foundation announced Tuesday.....
The slated integrations with Bitcoin and Ethereum would displace the need to use a bridge, which can open the network up to malicious actors. The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich.The #ICP....
Williams' proposal is focused on using blockchain tech to counter propaganda, and incentivize the Russian population via crypto rewards to get informed on what's taking place in Ukraine. Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards. DFINITY’s Internet Computer was launched in May 2021 and is a public blockchain and protocol that’s trying to decentralize the internet. Williams' March 16 proposal is focused on countering....
Cointelegraph explains what smart contracts are and how this blockchain-based technology changes the way transactions are made. Cointelegraph's Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios. DuMont describes smart contracts as code within the blockchain that "execute when specific conditions are met." They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen. As an....