Even though smart contracts are a massive improvement in the world of blockchain technology, their code often leaves much to be desired. Every smart contract needs proper auditing, yet it seems few companies are actually pursuing this option right now. Quantstamp recently took a look at Bancor’s smart contract and noticed some discrepancies. The Bancor Smart Contract Issues To put everything into its proper perspective, the Bancor smart contract is not under immediate threat as of right now. Most of the code is well-written and does not warrant any changes whatsoever. However, Quantstamp did identify two vulnerabilities which the team will need toPowered by WPeMatico
In a important move that will help Darico maintain the liquidity of Darico Ecosystem Coins, the gateway to cryptocurrency investment has committed to integrating with the Bancor Network. Bancor is a decentralized liquidity network that uses Smart TokensTM to automatically buy and sell connected cryptocurrencies, therefore providing them with continuous liquidity. As a connected token, Darico Ecosystem Coins will benefit enormously from the liquidity provided by Bancor, helping to reduce volatility and enabling holders to move towards the use of the coins as a currency of everyday exchange. Building an ecosystem The commitment to integrate with the Bancor Network after
CAYMAN ISLANDS– 27 FEBRUARY, 2018– Block.one, creators of the EOS.IO blockchain, an open-source platform designed to support Decentralized Autonomous Communities (DACs) and allow for mainstream adoption of blockchain technology, and Bancor, creators of the Bancor Protocol standard for automatically convertible Smart Tokens, today announced that the Bancor Protocol will be implemented on EOS.IO, scheduled for release in June 2018. The Bancor Protocol enables users to easily convert between tokens. Disclosure: This is a Sponsored Article After months of discussion and research, the teams recently met to outline the details of a cooperation and prototype the smart contract configurations for implementing
It’s said that 90% of all startups fail, and that we should expect nothing more from ICOs. But 10% success rate is still overly optimistic for ICOs, perhaps not for the reason you may think. You’re probably aware of examples of ICO “founders” who turned out to be a bunch of made up Linkedin-profiles. You’re […]
On paper, EOS is a $6 billion company and the 14th largest cryptocurrency project in the world whose token changes hands for $10 a pop. It has raised over $700 million to date in the world’s longest running ICO, which began last June. By the time it’s done, the company, led by Dan Larimer, will […]
Once celebrities began endorsing ICOs, many were quick to claim that this was the top; the mania had reached its peak and the token bubble was about to pop. And when the SEC filed charges against several dubious projects, forcing others to return funds to investors, this assessment appeared to be accurate. Despite the mid-summer […]