The growth of Web3 has brought innovation in areas like DeFi, NFTs, and DAO and yet, behind the excitement lies one of the biggest challenges facing the ecosystem: security. Smart contracts, which power nearly every Web3 application, are both a strength and a weakness. They tend to automate trust, but ...
Singapore's leading financial institution, DBS Bank, has unveiled a new suite of solutions that incorporates tokenization and smart contract capabilities into its existing banking services. The new product, "DBS Token Services," combines the bank's Ethereum Virtual Machine (EVM)-compatible permissioned blockchain with its core payment engine and various industry payment systems. ...
Jesse Walden, managing partner at Variant Fund, has predicted that the original "cypherpunk" principles guiding early smart contract platforms will likely diminish over the next decade as institutional adoption emphasises speed and regulatory compliance. In a blog post dated September 30, Walden reflected on how the first era of blockchain ...
Blockchain payments company Ripple has announced plans to introduce smart contracts to the XRP Ledger (XRPL) mainnet. According to the announcement, this upgrade aims to enhance the Layer 1 blockchain's programmability and allow developers to build tailored applications. Since its launch in 2012, the XRP Ledger has been primarily used ...
Mriganka Pattnaik, co-founder and CEO of crypto risk and intelligence platform Merkle Science, has stated that though smart contract vulnerabilities remain a security concern, the growing number of financial losses and hacks in the crypto sector cannot be linked to them. According to Pattnaik, hackers are shifting their focus to ...
