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Attention Vinglers: Announcing CryptoBadge!

Hi Vinglers!


We’re reaching out to our Vingle Family to let you know about a new system that Vingle will be adopting that we think you’ll really enjoy.

The system is called CryptoBadge! It’s so cool and we’re excited that Vingle is the first community service to adopt CryptoBadge.

CryptoBadge is a blockchain-based certificate system that enables people, like all of you on Vingle, to take their unique achievements, experiences, and contributions and share them as a badge anywhere online.

CryptoBadge is universal, verifiable and eternal. It’s verifiable and eternal because it is stored in blockchain. This means you don’t have to worry about someone stealing your credits, or unfairly losing your credits just because the service or certificate issuer is shut down.

CryptoBadges you’ve won can be used universally both within Vingle and outside of Vingle. For example, a Kpop convention might offer early access to tickets for those holding a President of BTS, Pioneer of Big Bang, or Editor of VIXX Badges because their commitment to the fandom is obvious and proven, and they deserve it!!

These badges will range from anything from sharing your academic achievement, game ranking, your scuba diving certification, how many bottles of soju you’ve drunk and most especially, to your participation on Vingle!

Soon you can proudly display your Pioneer, President, Editor Badges, and more on your profile! Rather than trying to explain what you’re all about in your Bio in boring text and bullet points, you can now simply share visualized, fancy, and easy Badges on your profile here on Vingle but also on Facebook, Instagram, Linkedin, your blog, and wherever else you want!

These badges will be ready for you to claim, starting later tomorrow!

As always, we’re so thankful for the love and support you give to your Interests and we hope the badge system will add another layer to the incredible Communities you’ve built.

You can learn more about CryptoBadge HERE.

Also, CryptoBadge starts “University Battle” on Feb 18, 2019. Check it out to win your school badge and also earn your coins!
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This is sooooooooooooo cooooooooooooool !!!!!
This is really awesome! I can't wait to see how it works out. 🤗
I do not see any of my badges in my profile. I already downloaded the updates.
Same
Oh really? I can see your badges now on in your profile. I think it was updated. @BTSMicDrop @QueenyCrossGene
@StevenGerrard I made this comment 2 weeks ago hon....
Ooo this is gonna be awesome!
is there a message button on this app please help me out
There is Talk in Vingle. There are lots of Talks in Vingle upon interest community. I am in one of the CryptoBadge community's Talk. You can join via URL below https://www.vingle.net/interests/CryptoBadge/talks/t:sidaotsv4z
Talk is not exactly same as like message you said, but through Talk, you can interact and communicate with other Vinglers
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[Vingle x BTS] Win an Album with ARMY Badge!
BTS Giveaway - Map of the Soul: Persona In case you’ve been living under a rock recently, you know that BTS is taking the world by storm. This month, they released their latest album Map of the Soul: Persona and are already breaking records left and right. Since we know our BTS Community and ARMY worldwide is celebrating this amazing comeback, Vingle wanted to throw a special kind of party. And what’s a party without GIFTS!? Vingle & CryptoBadge are here to give you a bunch of prizes! Don’t miss out! Prizes: 1st Place (1 winner) - MAP OF THE SOUL: PERSONA (Version1,2,3,and 4) 2nd Place (5 winners) - MAP OF THE SOUL : PERSONA (Random Version) Vingle is also working hard to get an album that BTS members’ handwritten autograph on it! Keep your fingers crossed! Mission Checklist: - Declare that you’re a fan of BTS and win BTS CryptoBadge - Share this giveaway on other social networks! - Promote BTS through a Vingle post or 30 comments on Cards in the #BTS Community! Deadline: Midnight on April 22 EST More Details: 1. Declare that you’re a fan of BTS and win BTS CryptoBadge! Go to the BTS badge and click on the Claim button. Enter your name that will be engraved on your badge. ※ Tip : If you are a Vingler, when creating a CryptoBadge account, use the same email that you use for Vingle. This enables you to expose your badges to the Vingle community. ※ What is CryptoBadge? CryptoBadge is a universal certificate system that identifies your unique merits such as achievements, experiences, and contributions. You can use CryptoBadges universally across different services. 2. Share this giveaway event through Twitter, Facebook, Instagram, WhatsApp and more by clicking on the share button. The more you share, the more chances you get. ※Don’t forget to use relevant tags like #BTS, #BTSgiveaway, #giveaway, #MAP_OF_THE_SOUL_PERSONA, #BoyWithLuv #PERSONAWelcomeParty. 3. Promote BTS either by creating a Card (post) for #BTS on Vingle or by leaving more than a total of 30 comments on Cards found in the #BTS Community on Vingle. Again, the more you promote BTS, the more chances you get. ※ Tip : If you are new to Vingle, when creating a Vingle account, use the same email that you used for CryptoBadge. This enables you to expose your badges to the Vingle community. Here's how to write your first Card! If you're brand new to Vingle, WELCOME! Here's a little info on how to use the platform :) Good luck everyone!
Welcome to the CryptoBadge!
1. Introducing CryptoBadge and getting your first CryptoBadge! CryptoBadge is a collectable certificate that is verifiable, eternal, and universally shared. CryptoBadge lets people identify themselves through badge collections that represent their expertise, achievements, contributions, and hobbies. Ready to be a CryptoBadge hunter? Receive your first CryptoBadge and learn more about the CryptoBadge project here 2. Why Project CryptoBadge chose to align with Vingle Community System? We chose to ally with Vingle because it is a community platform that not only has all the essential functions to host communities, but also it is aggressively adopting a smart governance system to support REAL community autonomy. Community needs a lot more than just content discovery or messaging. Vingle supports various content types (text, images, videos) and provides easy ways to systematically label and organize content, archive Q&As, recognize contributors vs. trolls, create chat rooms, and last but not least, to make collective decisions. Vingle provides a smart governance system where members of each community can run their community autonomously by electing staff members, organizing information, designing privileges and penalties, and more. Last but not least, Vingle is the community platform that deploys CryptoBadges first and best. Vingle is actively releasing new features every week and will keep providing new services, making the best use of CryptoBadge. Currently, Vingle provides its community staff, such as President and Editors, with badges and corresponding authorities (To see Vingle’s current governance features). Vingle will also allow its communities to add a variety of badges and positions so that each community can create their own badges and governance structure, which we are very excited about! 3. About Vingle’s CryptoBadge Community Making full use of Vingle’s features, combined with the badge system, we want to run this community, #CryptoBadge, autonomously based on the participation and consensus among CryptoBadge fans who are interested in the CryptoBadge project. You can take part in running this community, #CryptoBadge, by becoming a council member. If you’re interested, apply here!
Top ten mainstream ecological cross-chain bridges
Cross-chain spans permit information move between cryptographic forms of money, shrewd agreement guidelines, and blockchains. Albeit two blockchains may have various conventions, rules, and administration models, a cross-chain scaffold can safely interface them together through interoperability. Clients can utilize cross-chain spans: 1) Quickly and effectively acknowledge advanced resource exchanges. 2) Take benefit of low functional trouble. 3) Take benefit of lower move expenses on non-adaptable blockchains. An instance of moving cross-chain resources: when a client needs to switch ERC20 A tokens on Ethereum over completely to BEP20 A tokens on BSC chain through O3 Swap , ERC20 A will be locked on the source chain and tell the extension at BEP20 An is created on the BSC chain and afterward moved to clients. Issues that cross-chain spans address Cross-chain spans work with cross-chain development by giving multi-resource interoperability and more noteworthy security. The cross-chain span additionally tackles the accompanying issues: 1) Reduce the gas expense and accelerate the exchange speed. 2) User resources can communicate uninhibitedly, giving a decent client experience. 3) Increased efficiency and utility of existing crypto resources. 4) Better security and protection. Cross-chain spans are appropriate in the accompanying cases: 1) Token trade among Ethereum and layer 2 organizations, resources are interoperable between chains, quicker and simpler asset stores, resource withdrawals to diminish functional intricacy. 2) Investors can utilize cross-affix extensions to speed things up while putting resources into another chain, yet they should initially take a look at its finished system and security. 3) Arbitrage exchanging through Optimism, Arbitrum and Polygon on decentralized trades. Coming up next is an arrangement of some cross-chain span benefits ordinarily utilized in the best ten standard environments (Ethereum, BSC, Solana, Terra, Avalanche, Fantom, Polygon, Arbitrum, Optimism, Harmony), expecting to help everybody 1-XY Finance Token: No Category: Third-Party Bridge Connection Form: Many-to-Many Support ecology: Ethereum, BSC, Fantom, Polygon Introduction: XY Finance is positioned as a Bridge Smart Contract Development Services aggregator. Similar to the Li.Finance and other cross-chain + transaction projects mentioned above, XY Finance also supports the exchange of a token on network A to network B another token on . The structure of XY Finance is composed of X Swap and Y Pool. X Swap is responsible for finding the best quotation and executing transactions. Y Pool is responsible for providing liquidity for X Swap and using transaction fees to motivate liquidity providers. 2-xPollinate (Connext) Token: No (🐑) Category: Third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Moonriver Introduction: Connext is a cross-chain protocol for fast asset transaction and contract invocation between EVM-compatible networks. xPollinate is an application of Connext’s general cross-chain transaction protocol NXTP. Currently, it supports Ethereum, BSC, Avalanche, Fantom, Eight networks including Polygon, Arbitrum, xDAI, Moonriver, etc. From the physical point of view, the user experience of xPollinate is quite excellent. The mainstream EVM ecology has basically been covered. Although the supported currencies are not as many as AnySwap, they are enough to meet the needs of most scenarios. The cross-chain time can generally be within 5 minutes. It’s not too expensive to complete. 3-Wormhole Token: No Category: Official Bridge Connection Form: Many-to-many Support ecosystem: Ethereum, BSC, Solana, Terra, Polygon Introduction: Wormhole is an asset cross-chain tool jointly developed by Solana and Certus.One. It was originally created to realize the two-way conversion between Ethereum and Solana assets, but now it can also realize the exchange between other ecosystems (such as Ethereum and Polygon). Asset transfer. Since the native token of the Solana network is the SPL standard, before the launch of Wormhole, users who want to transfer assets from other blockchains must switch to the standard through a centralized exchange such as FTX. Wormhole allows users to directly convert Ethereum ERC-20 assets into Solana’s SPL standard assets. When users withdraw SPL assets from the Solana chain to Ethereum, they can also be directly converted into ERC-20 standard assets without additional Switching steps simplifies the user’s operation process. 4-Terra Bridge Token: No Category: Official Bridge Connection Form: Many-to-One Support ecology: Terra and Ethereum, BSC, Harmony (only supports interoperability between Terra and the latter three) Introduction: Terra Cross chain bridge development is the official cross-chain bridge of the Terra ecosystem. Currently, it supports the exchange of assets between the three ecosystems including Ethereum, BSC, and Harmony and the Terra ecosystem. In terms of currency, it mainly supports LUNA, ANC, UST, and synthetic assets in the Terra ecosystem. Cross-chain transfer of tokens such as (mBTC, mETH), synthetic stock assets (mBABA, mCOIN, mGOOGL). 5-Teleportr Token: No Category: Third-party Bridge Connection Form: One-to-One Support ecology: Ethereum, Optimism (for the time being, only one-way entry of Ethereum into Optimism is supported) Introduction: Teleportr is a dedicated cross-chain bridge mainly serving the Optimism ecosystem. Although the development team claims that it may support other Layer 2 networks in the future, it will only focus on Optimism for the time being. The main concept of Teleportr is that it will be cheaper to enter Optimism through this bridge than the official bridge (Optimism Gateway), because “it is a centralized hosting bridge”. 6-cBridge (Celer Network) Token: CELR (Ethereum contract address: 0x4f9254c83eb525f9fcf346490bbb3ed28a81c667) Category: third-party bridge docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Heco, OEC Introduction: cBridge is an atomic swap-type cross-chain bridge launched by the Layer 2 expansion platform Celer after extracting the core conditional payment function in its original state channel products, optimized and slimmed down. Similar to the existence of AB mentioned above, Celer Network also chooses to use ordinary addresses to complete the cross-chain process. When performing cross-chain operations, users do not need to send any funds to the contract. Instead, they need to send the node address through the contract. Send a transfer with a hash lock, and the main body that releases liquidity to the user-specified address on the target chain will no longer be the contract itself, but can send the node address with the same hash lock to the user. 7-ChainSwap Token: ASAP (Ethereum contract address: 0xcc665390b03c5d324d8faf81c15ecee29a73bcb4) Category: third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Moonriver, Shiden, Heco, OEC, KuCoin Community Chain, Fusion, Telos Introduction: Regarding ChainSwap, the most noteworthy are the two directions it is developing: one is a cross-chain aggregator, which aims to aggregate the cross-chain routes of Anyswap, Poly Network, and Connext, and find the best-priced cross-chain path for users. ; The second is to build a new cross-link route in its own V2 version, aiming to achieve a more open currency support capability. 8-FibSwap DEx Token: FIBO (BSC contract address: 0x5067c6e9e6c443372f2e62946273abbf3cc2f2b3) Category: third-party bridge Docking form: many-to-many Support ecology: Ethereum, BSC, Fantom, Polygon,Build a cross chain bridge Introduction: FibSwap DEx is a decentralized exchange that supports cross-chain, that is, it supports both cross-chain and asset exchange functions. We will also introduce some other similar projects below. FibSwap DEx adopts the self-developed intelligent algorithm FibSwap Smart Algorithm, which allows users to exchange a token on network A for another token on network B through a simple transaction. At the same time, FibSwap’s DEX aggregation function will also help Users look for the best exchange offer. 9-Hop Protocol Token: No (🐑) Category: Third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, Polygon, Arbitrum, Optimism, xDAI Introduction: Hop Protocol is a cross-chain bridge mainly used for asset transfer between Ethereum and its Layer2 network. This bridge designs “hAssets” as an intermediate asset, and combines the AMM mechanism to achieve rapid cross-chain circulation of assets — when cross-chain, deposit assets into contracts 1:1 mortgage to cast hAssets, and when redeeming assets, 1 :1 Destroy hAssets. Like Connext (xPollinate), Hop Protocol has not issued tokens for the time being, considering that its business scale has a certain scale, so, you know… 10-Horizon Token: No Category: Official Bridge Connection Form: Many-to-One Support ecology: Ethereum, BSC, Harmony (Ethereum, BSC are not supported) Introduction: Horizon is the official bridge of the Harmony ecosystem. Its main function is to help users transfer assets from Ethereum and BSC to Harmony. Horizon’s architecture is a set of smart contracts deployed on Ethereum, BSC, and Harmony chains, respectively. When token locking activity is detected on the originating chain, Build a token bridge the validator pool will validate the transaction and pass the final information to the destination chain, which will then generate an equal amount of bridge tokens 1:1, and vice versa .
How to embed badges on your social network profile?
[Table of Content] 1. How to embed your badges on your LinkedIn profile? 1) Embedding your school badge in the Education Section 2) Embedding your badges in the Certificates Section 3) Embedding your badges in the Experience Section 2. How to embed your badges on your Facebook profile? Embed CryptoBadges on your social network profile as proof of your experiences! Unfortunately, LinkedIn’s layout isn’t optimal for badge display, but you can still share your CryptoBadge link as a verifiable proof of your experience, which will definitely strengthen the reliability of your profile. On Facebook, you can display your CryptoBadge in a visually optimal way just like your CryptoBadge profile page. Show off your badges! 1. How to embed your badges on your LinkedIn profile? 1) Embedding your school badge in the Education Section First, click on the Edit button located on the right side of your school. Click on the Link button, paste the URL of your certification, and click on the Add button. It takes LinkedIn several seconds to import the certification URL. Once the certification addition is complete, click Save! 2) Embedding your badges in the Certifications Section First, create a Licenses & Certifications Section by clicking the Add Profile Section button and choosing Licenses and Certifications. In the pop-up shown below, enter your badge name in the Name field. In the Issuing Organization field, you can enter CryptoBadge or other relevant issuer’s name. Lastly, in the Credential URL field, enter your certification URL. Click on the Save button, and you’ll see your CryptoBadge on your LinkedIn profile. 3) Embedding your badges in the Experience Section On LinkedIn, we created a virtual organization, CryptoBadge Network, for all CryptoBadge fans around the world to join. Go to the Experience Section and add “CryptoBadge Network” as one of your experience. In the Company field, enter CryptoBadge Network. In the Title field, you can enter whatever titles you like, be it Citizen, Member, Fan, or whatever. And then, more importantly, add your badges by clicking on the Link button as below. 2. How to embed your badges on your Facebook profile? We will support Facebook Embed soon from late March of this year. The detailed instructions will be provided when the feature is ready.
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Main types of smart contracts Assuming the reader has a basic understanding of contracts and computer programming, and based on our definition of smart contracts, we can roughly categorize Bridge Smart Contract Development Services and protocols into the following main categories. 1. Smart Legal Contract This is probably the most obvious one. Most, if not all, contracts are legally binding. Without too many technical issues involved, smart legal contracts are contracts that involve strict legal recourse in case the parties involved in the contract fail to fulfill the purpose of their transaction. As mentioned earlier, the current legal frameworks in different countries and regions lack sufficient support for smart and automated contracts on the blockchain, and their legal status is unclear. However, once laws are in place, smart contracts can be created to simplify processes that currently involve strict regulation, such as financial and real estate market transactions, government subsidies, international trade, and more. 2. DAO A Decentralized Autonomous Organization , or DAO, can be roughly defined as a community that exists on a blockchain. This community can be defined by a set of rules, Cross chain bridge development embodied by smart contracts and put into code. Then, every action of each participant will be governed by these rules, tasked with executing and obtaining recourse in the event of a program interruption. A number of smart contracts make up these rules, and they coordinately regulate and supervise participants. The DAO named “Genesis DAO” was created in May 2016 by Ethereum participants. The community aims to be a crowdfunding and venture capital platform. In a very short period of time, they managed to raise a staggering $150 million. However, as hackers discovered loopholes in the system and managed to steal around $50 million worth of ether from crowdfunding investors. The aftermath of this hack caused the Ethereum blockchain to split into two , Ethereum and Ethereum Classic. 3. Application Logic Contract (ALC) If you’ve heard of IoT combined with blockchain, chances are it involves an Application logic contract , or ALC. Such smart contracts contain application-specific code that works with other smart contracts and programs on the blockchain. They help communicate with devices and verify communication between devices (in the IoT world). ALC is a key part of every multifunctional smart contract, and most work under a hypervisor. In most of the examples cited here , they find applications everywhere4 . Application of smart contracts Basically, if two or more parties use a common blockchain platform and agree on a set of principles or business logic, they can together create a smart contract on the blockchain and without human intervention Execute below. No one can tamper with the conditions set, and if the original code allows it, any changes are time-stamped and fingerprinted by the editor, increasing accountability. Imagine a similar situation on a larger enterprise scale and you will see what the capabilities of smart contracts are, in fact a Capgemini study from 2016 found that smart contracts may actually be “years in the future” 5 business mainstream. Commercial applications include insurance, financial markets, the Internet of Things, lending, identity management systems, escrow accounts, employment contracts, and patent and royalty contracts. A blockchain platform like Ethereum, a system designed with smart contracts in mind, allows individual private users to use smart contracts for free. The next article in this series will provide a more comprehensive overview of the application of smart contracts to current technical issues, taking a look at the companies dealing with smart contracts. So, what’s the downside? This is not to say that there are no concerns about the use of smart contracts. This concern has actually slowed this development as well. The tamper-proof nature of all blockchains essentially makes it nearly impossible to modify or add new terms to existing terms if the parties involved need to without major reforms or legal recourse. Second, even though the activity on the public chain is open, everyone can see and observe it. This anonymity creates problems of legal impunity in the event of a breach by either party, Build a cross chain bridge especially since current laws and legislators are not fully adapted to modern technology. Third, blockchains and smart contracts still have security flaws in many ways because the technologies involved are still in their early stages of development. This inexperience with code and platforms eventually led to the DAO incident in 2016. All of this can lead to a large initial investment by a business or company when it needs to adapt the blockchain for its use. However, these are the initial one-time investments, and the potential savings that accompany them, are what interest people. in conclusion The current legal framework does not really support a comprehensive smart contract society, and for obvious reasons will not support it in the near future. One solution is to opt for “hybrid” contracts , which combine traditional legal texts and documents with smart contract code running on a blockchain designed for this purpose. However, even hybrid contracts remain largely unexplored, as innovative legislatures are required to implement them. The applications briefly mentioned here and more will be explored in detail in the next articles in this series .
How does Blockchain technology work in smart contracts?
Blockchain technology work in smart contracts: Lawyer answer: In general terms, when referring to Smart contracts or intelligent contracts , it is necessary to mention the Blockchain , which is a technology that, among other things, allows establishing decentralized and secure mechanisms that give confidence to the parties to a contract. , so that when a contract is created based on this technology, the automated execution of the contract is facilitated and therefore its fulfillment is guaranteed quickly, by establishing contractual conditions in systems that are supported by Blockchainand that allow there to be security regarding the parties and the non-modification of what was agreed, Bridge Smart Contract Development Services so that once the system verifies compliance with what is established, it will proceed to autonomously execute what is indicated in the smart contract. Answer Systems Engineer: It literally means blockchain . It is a database or public registry that can be shared by many users in a peer-to-peer mode (P2P or peer network) and that allows the storage of information in an immutable and organized way. It is a term associated with cryptocurrencies because, apart from being the technology that supports them, it was born with the first virtual currency in history in 2009, Bitcoin .. In this case, the data added to the blockchain is public and can be consulted at any time by network users. However, it is important to remember that cryptocurrencies are just that, coins! As is the case with the euro, the dollar or any type of paper money. Each one is a simple material with a printed value , but what allows its use and generates value are the economic laws that support it. The main objective of blockchain technology is to create an unchangeable record of everything that happens in the block chain, which is why we speak of a secure and transparent system. The ‘smart contracts’o Smart contracts have been an impossible dream since the 1990s, but ‘blockchain’ technology has brought this concept back to life with the aim of automating contractual relationships between people or machines without the intervention of a trusted intermediary. From a legal point of view, what functions does a smart contract have and how should they be executed? Lawyer response: Due to the characteristics of the technology on which it is supported, we can say that the application of Smart Contracts or intelligent contracts can be extended to any type of contract regardless of its nature, that is, the functions of the contracts. Really, it is not the conclusion or execution of contracts by artificial intelligence autonomously as it might seem, but on the contrary, in Smart contracts .A contract or agreement is previously concluded between two or more people, who, in order to provide greater security and ease of automatic execution to it, agree on the contractual conditions that must be fulfilled so that the system makes, Cross chain bridge development for example, payments automatically subject to verify in some way that the seller complied with the delivery of what was paid. Who uses smart contracts in practice? Lawyer answer: Although it is true we could say that it is a mechanism used essentially by merchants, the use of smart contracts varies greatly depending on each country and each sector that has been implementing it, so it does not depend solely and exclusively on business between merchants, but which, on the contrary, is also used in contracts concluded with consumers; Citing several examples, we would say that smart contract technology is used in supply contracts, it has been used in countries such as Spain in the real estate sector, it is also used in the payment of compensation that covers insurance policies that, when verifying the occurrence of the claim, they automatically pay the beneficiary. While it is true that these are some examples of the use of smart contracts, Systems Engineer Response: Although hundreds of examples of use have been proposed for smart contracts , some of the most relevant for financial institutions (either directly or indirectly) would be: • Loans: they could be stored as smart contracts on the blockchain , together with with the information of the property guarantees. If the debtor does not make a payment, the smart contract could automatically revoke the digital keys that give them access to collateral. • Inheritance:they could be automated by establishing the allocation of assets after death. It could be as simple as moving a slider that determines who gets how much. Once the smart contract can verify the activation condition, in this case death, the contract becomes effective and the assets are distributed . • Escrow: Smart contracts can be easily set up as escrow accounts that track the trade between two parties. The buyer of goods or serviceswould transfer the payment to the contract account. The contract would monitor external services (eg GPS tracking) and once ownership was transferred from the seller to the buyer, Build a cross chain bridge the contract would automatically release the funds to the seller. • Cryptocurrency wallet controls: Contract-controlled wallets could include many different types of complex controls, from daily withdrawal limits to granting or terminating access to specific entities. The generalization of this phenomenon would lead to the notion of programmable money, a type of money that can be established so that it is spent only on certain types of assets, in a geographical area, between two dates, etc.
What is Binance Smart Chain?
What is Binance Smart Chain? A blockchain that works in parallel with the binance chain is the best description of the binance smart chain (BSC). Unlike the binance chain, BSC specializes in smart contract functionality and compatibility with Ethereum virtual machines (EVMs) . BSC’s design goal was to maintain high throughput in the binance chain while introducing smart contracts into the ecosystem. Virtually both blockchains are moving side-by-side. BSC is an independent blockchain that can operate even if the binance chain goes offline. However, both chains are very similar in design. BSC supports a wide variety of Ethereum tools and DApps from launch for EVM compatibility . In theory, support makes it easy to migrate projects on Etherium to BSC. This means that users can easily configure applications like MetaMask to work with BSC. In fact, Bridge Smart Contract Development Services it’s just a matter of tweaking the settings. For more information, see How to use MetaMask with Binance Smart Chain . Are you considering purchasing virtual currency? Buy Bitcoin with Binance. How the Binance Smart Chain works consensus Binance SmartChain achieved a block time of less than 3 seconds with the Proof-of-Stake consensus algorithm . More specifically, I use what is called the Proof of Staked Authority (or PoSA ). Here, participants must stake the BNB to become a validator. If the validator proposes a valid block , they will receive the transaction fee included in the transaction. Unlike many other protocols, BNB does not inflate, so you won’t get a new BNB as a block reward. Rather. As the Binance team regularly burns BNB, the number of BNB in circulation will decrease. Cross chain compatible The Binance Smart Chain was conceived as an independent system that complements the existing Binance Chain. Dual-chain architects were used for the idea that users can seamlessly transfer assets from one blockchain to another . This method allowed us to balance high-speed trading on the binance chain with building a powerful decentralized app on the BSC. This interoperability has created a vast ecosystem that can accommodate a myriad of use cases. Binance Chain BEP-2 and BEP-8 tokens can be swapped for the new standard BEP-20 tokens introduced in Binance Smart Chain. If you read the article about ERC-20 tokens, Cross chain bridge development you already know the format of BEP-20. Because BEP-20 is exactly the same as Ethereum’s ERC-20. The simplest way to move a token from one chain to another (eg BEP-2 to BEP-20 and vice versa) is to use the Binance Chain Wallet available in Chrome and Firefox . Probably. For this guide, see the Binance Chain Extension Wallet article. Decentralized finance on the Binance smart chain You know that many digital assets such as BTC , LTC , ETH , EOS and XRP already exist on the binance chain as Peggycoin. Peggy coins are assets on the native chain and tokens that are pegged. For example, suppose you decide to lock 10BTC in order to receive 10BTCB on the binance chain. In that case, you can trade 10BTCB and 10BTC at any time. This means that the price of BTCB will be about the same as the price of the original BTC. This will allow you to efficiently transfer these assets onto the binance chain. If you’re curious about how this can be achieved , see the instructions on how to tokenize Bitcoin on Etherium . The flexibility provided by Binance Smart Chains allows you to use assets on several separate chains in the fast-growing DeFi space. For example, applications like pancake swaps allow users to exchange assets in Trestress (similar to Uniswap ), further yield farming, and vote on suggestions. I can do it. Similar projects include burger swaps and bakery swaps . summary Binance Smart Chain greatly extends the functionality of the original Binance Chain and introduces state-of-the-art protocols designed to bridge the gaps between various blockchains. Although still in its infancy, EVM compatibility and BNB staking make this platform an ideal engine for developers building powerful decentralized applications. If you still have questions about Binance Build a cross chain bridge, ask at Ask Academy , where the community can answer those questions. Also, see the white paper for more technical details on the Binance Smart Chain .
What is a smart contract? — Understand contracts on the blockchain
Blockchain is widely considered to be a speculative good thing, made famous by Bitcoin. But the underlying technology is more interesting in many ways. A smart contract is a smart contract that does not require a third party such as a lawyer, notary or public official to verify, facilitate or enforce the contract. This literally means you can have fast, reliable and trustworthy transactions with any third party without the constraints of ordinary contracts — and yes, it even saves attorney fees. One of the most popular networks for smart contracts is Ethereum, but solutions on classic blockchains (or derivatives called sidechains, especially contracts), or other projects can also be used. There are many different networks that can be used, Bridge Smart Contract Development Services and each protocol has its own advantages/disadvantages, as there will always be tradeoffs between security (data security and integrity), scalability (speed, capacity, throughput and latency) and going Tradeoffs between centralization (accessibility, usability, and transparency). If you’ve ever wondered what such a smart contract looks like, here’s an example of an Ethereum-based vending machine code. Advantages of Smart Contracts In the introduction, I have mentioned some key aspects of digital contracts based on blockchain technology. But the list of advantages is longer, and I’ve given some insights so it’s easier to understand why smart contracts have so much potential. 1. Trust With every transaction, it is important that both parties have trust that the transaction will actually succeed. Due to the unique way information is stored in blockchain, where many computers share information and independently verify it, so-called “distributed ledgers” can be used, Cross chain bridge development and this information is valid and cannot be lost. So the contract will exist in the future, and it will not be modified. 2. Backup Due to the mechanism of storing information in a distributed ledger, it must also be mentioned that there are many replicas in the network. This ensures that all created files and all executed contracts have redundant backups. 3. Autonomy It is completely autonomous as the network handles handovers and contract terms. In order to trade successfully, you do not need banks, brokers, lawyers, regulators or other intermediaries. In this way, you can build your own contracts and not be subject to local restrictions or the fees involved in transaction verification. 4. Speed Traditional contracts can take a significant amount of time to process, validate, and even communicate with third parties. A blockchain-based network could speed up the process to hours or near real-time transactions. This is especially important when you have small transactions that need to be verified quickly (such as car rentals, travel insurance, etc.). 5. Fees As you can imagine, contracts that do not require notarization or witnessing are cheaper. This also applies to smart contracts. When contracts are executed and verified by the network rather than a third party, the cost per transaction becomes lower. This is especially important if you want to “tokenize” your assets. There, you break large items into smaller pieces. (for example, share of buying a house) 6. Automation One of the great advantages of smart contracts is that they are “smart”. This means that you can also ensure that complex structures of contracts are met, and you have traceability not only of documents, but of goods. An example involves international shipping, where goods flow through different legislation, cross different borders, and insure with different insurance companies, all of which need to be managed in contracts, so it’s legal. This often involves long contracts and a lot of paperwork — all of which can be automated and tracked through smart contracts. 7. Encryption and Security Another important role is of course secure transactions. Not only does this mean that files and contracts are restored to storage, but it also means that information can only be accessed if someone is allowed. Use very secure network protocols and cryptography and other layers of security to ensure that only relevant parties can access the information. 8. Accuracy of the contract Last but not least, when dealing with intermediaries or dealing with manual paperwork, many mistakes can occur. This might be a small factor, but it’s also worth mentioning because there’s a better overview, and therefore better accuracy, enforced contracts. Smart Contract Use Cases Due to the unique facts of smart contracts, there are many industries and topics that may benefit from these types of contracts and contract enforcement. I’ll just list some examples. For a more detailed list, I recommend Build a cross chain bridge this article. Blockchain — Possibilities, applications and use cases of distributed ledger technology. - government Safe and trusted transactions certainly have government uses as well. Especially when you think of applications that involve validation in any way. The best example is probably voting, having a credible vote is crucial to avoid voter fraud, but on the other hand, ensuring this integrity is very complex when done offline. Here, it would be beneficial to introduce a digital identity that would allow only one vote and be open only to the person themselves. - supply chain Especially for large corporations with global supply chain networks, it is very beneficial to have a digital track record of every transaction. As a result, it is not only possible to automate the process, but also to trace every stage of the product. This will increase transparency, can help identify bottlenecks, and also help manage a large number of contracts. Another situation is when the shipment arrives and the payment is being processed. This provides the sender and receiver with security of contract execution, as the transfer of goods is only possible when the payment is processed. This also means that such transactions do not require trade finance. – real estate From transferring the property to the buyer, to granting the right to use the property. Contracts are involved in every real estate transaction. Smart contracts can help limit the associated risks and costs. For example, you can rent out your apartment to someone for a few days, and his NFC chip will only work if payment is provided. When the renter does not transfer money, he cannot enter the property. Also in real estate transactions, the property can only be transferred after payment has been made, which is also advantageous. With smart contracts, you don’t need an intermediary like a bank or a notary office to process the payment before releasing the property, you can do it directly without waiting time. - medical insurance I mention this issue here because it is a big problem for many countries. “Who can access my patient data?”, “Is my digital patient file secure? As we have learned, smart contracts are beneficial if only a limited number of people need access for a limited time. This also means that your profile is always with you and you will only share it if you allow a doctor to view it for a certain period of time. The same goes for prescriptions, which cannot be changed, test results cannot be changed, and insurance claims can be made automatically. In highly regulated activities, such as drug storage and distribution, compliance costs can be high. Smart contracts can ensure trust, traceability, but can also secure a lot of administrative costs. Disadvantages of smart contracts Of course, they are far from perfect. Because they are based on software, there are also potential bugs, network costs and other issues. Another thing to mention is the current lack of regulation. There are currently no real guidelines and laws governing smart contracts. This means there are no backups either. When you rent a car with a blockchain auto-contract, there is an error in the payment, then your car may not be accessible, or even be rented to the next person before you even react — remember, There is no middleman to mediate. It’s also worth mentioning that these contracts are enforced no matter what happens. If you set the wrong condition, it will execute no matter what happens. This is also true when it comes to data privacy. On the positive side, there is no data loss in the blockchain, but when it comes to personal data, it can also be a downside. This is also an unresolved public issue that personal data cannot be deleted. Evaluation of smart contracts The past few years have seen rapid development, mainly driven by upcoming speculation based on so-called cryptocurrencies such as Bitcoin, Ethereum, etc. The adoption of smart contracts based on blockchain technology has been a bit slower, but there are also the first successful use-case implementations. With new platforms and an easier-to-use web, we’re likely to see a better development and wider adoption. For many industries, it’s worth taking a look at the potential applications. This is very important to do to determine the correct use case, what information needs to be stored on the blockchain. Maybe you want to keep transactional and personal data safe (beware of data privacy concerns!), but you don’t need to store large datasets like pictures and videos, which may not be critical.
The Best of Vingle 2018!
It's hard to believe that we're already in 2019, but here we are! The Vingle Team did some number crunching and were amazed by how much happened on our platform last year. We want to share the top cards and community members and extend a big thank you to all of the Vingle Family! Regardless of whether you're on the list or not, you are an important part of this community and we're excited to move into 2019 with all of you! Without further, here are the awards! 1. Vingle MVP The following Vinglers created the most content on our platform this year! Thank you for getting on Vingle every day and posting content for other Vinglers to enjoy. Your cards and comments make Vingle what it is! Congratulations @MelissaGarza and @Halsyeon! Next up are the users that got the most likes and shares in the year 2018! This means your content was really, really awesome and we thank you for making Vingle such a vibrant place~ Congratulations @KingHamura and @AimeBolanos And last but not least, we have the Vinglers that gave the most love last year. These Vinglers gave the most Likes, Comments, and Shares out of all of the Vingle Family and we thank you for cheering on our content creators and spreading the love! Congratulations @MelissaGarza and @AnimeGirl320688! 2. Vingle's Most Popular Cards Everyday Vingle is filled with more and more interesting content, but which came out on top for this year? Here are the top 5 most shared cards on Vingle for 2018! Congratulations @AimeBolanos @Yugykookie97 @kpopandkimchi and @Lushisushi! Next are the 5 most liked cards on Vingle! Show them some more love :) Congratulations @Yugykookie97 @kpopandkimchi @AllieGrabowski and @saori99! 3. Vingle's Hottest Interests Congratulations Vinglers and Happy New Year!