DeFi

Five key challenges with DeFi solved with the Stellar Smart Contract platform

Published

8 months ago

6 June, 2024

Five key challenges with DeFi solved with the Stellar Smart Contract platform

Find out why builders are using the Stellar network to develop the next generation of DeFi applications

Stellar has taken an important step with the launch of Soroban, a new smart contract platform. As an OG Layer 1 blockchain with a decade in the space, Stellar leverages its unique position to offer new insights and improvements. This late-stage strategic entry enabled a complete overhaul from the ground up, culminating in Soroban, integrated into Stellar Protocol 20 in May 2024. Soroban represents a next-generation platform that capitalizes on deep industry knowledge to provide a cutting-edge solution. user experience.

Speed and security compromise

Many networks face congestion leading to delays in transactions. Fundamental architectural challenges arose when upgrading existing protocols, resulting in many trade-offs.

Solution: Soroban, built with WASM and Rust, offers:

Reduced computational overhead and storage costs
Faster transaction processing without compromising security
Less resource-intensive validation software, making it more accessible

Attack vulnerability

Re-entry attacks, like the one that cost Fei Protocol $80 million, pose a significant threat. Many platforms do not have adequate defenses against such vulnerabilities.

Solution: Soroban contracts prevent reentry by default and provide comprehensive unit testing and fuzzing. In combination with the Soroban SDK, developers can create robust applications capable of handling billions of legitimate transactions.

State Bloat

Ethereum state bloat is a well-known problem. Although solutions such as partitioning exist, they often serve as temporary fixes rather than permanent solutions.

Solution: Stellar introduces state expiration, similar to “billing rent”, to efficiently manage data and maintain a manageable state size. Key features include:

Time To Live (TTL) for all contract data, which may be periodically extended
User-defined/expandable TTL
Archived contract data that can be restored and reused

Transaction costs

High transaction costs can deter user adoption. Stellar offers an average transaction cost of $0.00000392, significantly cheaper than Ethereum, Solana, and most other Layer 1 chains. The efficient and innovative Stellar POA (Proof of Agreement) consensus mechanism and Tunable gas ensures low costs while maintaining strong correlations between computational resources and fees.

Access to real-world payment rails at scale

A lot Challenge the products remain inaccessible to users without traditional banking services. The lack of payment channels in regions with underdeveloped banking infrastructure therefore poses a real challenge.

Solution: Stellar has the second largest network of cash entry and exit ramps, just behind Bitcoin. Unlike Bitcoin, Stellar supports the use of smart contracts and provides the flexibility to create a wider variety of DeFi applications. This extended network allows:

Distribution for new market access
Development of real-world DeFi applications connected to traditional financial rails
Access to popular assets like USDC on Stellar, supported by multiple apps and wallets

Soroban, the smart contract platform live on the Stellar mainnet, is changing the DeFi landscape by solving these fundamental problems, while providing a robust and globally accessible development platform.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

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No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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