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Is DogeMiyagi the new titan of the smart contract revolution?

Ethereum, Polkadot, and DogeMiyagi. Each of these platforms brings unique capabilities to the table, revolutionizing the way we perceive and interact with digital finance. Ethereum, the pioneer of smart contracts, has opened up a world of possibilities, enabling a vast ecosystem of decentralized applications. Polkadot, with its unique approach to interoperability, is bridging the gap between multiple blockchains, enhancing efficiency and security.

Meanwhile, DogeMiyagi (MIYAGI), an Ethereum-based cryptocurrency, is blending entertainment, nostalgia, and financial opportunity, creating a vibrant, growing community. As we delve deeper into the capabilities of these platforms, we uncover the transformative power of smart contracts and their potential to revolutionize various industries. Read what top analysts say about Ethereum price prediction.

Ethereum, the trailblazer in the blockchain world, has been instrumental in introducing the concept of smart contracts. These self-executing contracts, with the terms of the agreement directly written into code, are stored on the Ethereum blockchain. They follow a logical if this, then that structure and behave exactly as programmed, eliminating the possibility of manipulation or change.

Ethereums smart contract capabilities have enabled the creation of a vast ecosystem of decentralized applications (dApps) and protocols. The potential impact of these smart contracts extends to various industries, including finance, where they can enhance transaction accountability, accuracy, and cost savings.

Polkadot, a multi-chain platform, is making its mark with its unique approach to smart contracts. Unlike Ethereum, Polkadots Relay Chain does not natively support smart contracts. However, its parachains, which are individual blockchains connected to Polkadot, are equipped with smart contract functionality.

Polkadots smart contracts can regulate a blockchain or a dApp, automating processes like real estate transactions, thereby enhancing efficiency, transparency, and security. The platforms ability to allow all connected chains to interoperate using Cross-Chain Message Passing (XCMP) further amplifies its potential impact across various industries.

DogeMiyagi, an Ethereum-based cryptocurrency, is not just another token in the crypto space. Its a community-centric project that offers a unique blend of entertainment, nostalgia, and financial opportunity. Inspired by the iconic Karate Kid series, DogeMiyagi brings a sense of familiarity and fun to the often complex world of digital finance.

For investors, this means being part of a vibrant, growing community that values participation and rewards engagement. The tokens referral program and potential for passive income make it an attractive proposition for those looking to diversify their crypto portfolio.

In terms of smart contract capabilities, DogeMiyagi leverages the power of Ethereums established infrastructure. This allows it to offer a secure and transparent environment for transactions, lending, and yield farming.

The potential impact of these features extends beyond finance, potentially revolutionizing industries like real estate, supply chain management, and healthcare by automating processes and improving transparency. As DogeMiyagi continues to evolve, its influence on various industries could be significant, demonstrating the transformative power of smart contracts in the blockchain ecosystem.

Investing in DogeMiyagis presale offers a unique opportunity to be part of a vibrant, community-centric project at its nascent stage. As an investor, youll not only gain early access to a promising token but also contribute to the growth of an ecosystem that blends entertainment, nostalgia, and financial opportunity.

The presale also allows you to leverage DogeMiyagis referral program and potential for passive income, enhancing your return on investment. With its smart contract capabilities built on Ethereums robust infrastructure, DogeMiyagi is poised to make a significant impact in the blockchain ecosystem, making the presale an opportunity worth considering.

The advent of smart contracts has revolutionized the blockchain landscape, and platforms like Ethereum, Polkadot, and DogeMiyagi are at the forefront of this revolution.

By facilitating diverse applications and impacting various industries, these platforms are not only enhancing the efficiency and security of transactions but are also opening up new avenues for innovation and growth in the blockchain ecosystem. As we continue to explore the potential of these platforms, one thing is clear the future of blockchain technology is bright, and smart contracts are leading the way.

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Smart Contract Supremacy: A Riveting Exploration of Polkadot ... - Analytics Insight

Growing cannabis with crypto? It may sound like the plot for a new HBO television series, but this once far-fetched concept is now a reality. Its all thanks to a new business strategy courtesy of California nursery Mendocino Clone Company.

In January, the nursery was announced as a combined venture from tech firm Global Compliance and the EMTRI project, the latter of which focuses on Northern Californias legendary Emerald Triangle region and bills itself as a complete ecosystem created to build better outcomes throughout the entire cannabis supply chain. Together, theyre hoping to prove that utilizing smart contracts to verify the authenticity of plants is the way of the future for cannabis cultivators.

Smart contracts serve the blockchain by acting as programs set to run upon completion of predetermined conditions (i.e. payment). They can also automate workflow, which is just what Mendocino Clone Company plans to highlight.

Building an Efficient Ecosystem

Why the need for improvement? As establishments specializing in plant genetics, keeping close tabs on everything from clones to seeds is of paramount importance. Considering the size and scale of numerous cannabis operations already in place across the nation, automating any aspect of what can otherwise be a labor-intensive, potentially error-prone process leaves more time for what matters most: growing the best cannabis possible.

At least thats the plan, one which has reportedly already drawn early interest from an initial crop of commercial farms and retail dispensaries. The appeal is the ability to easily generate certificates for every clone batch via self-generated smart contracts, which provide each baby plant with a unique identity block linked to an Ethereum based-blockchain.

In practical parlance, these certificates make it a breeze to verify a clones authenticity and genetic lineage, while also offering added benefits in the form of access, rewards, and better rates on the EMTRI token, EMT, which debuted in Nov. 2022.

Riding the Crypto Craze

In a statement, EMTRI Corp co-founder Scott Zarnes noted that his company was excited to be at the forefront of the cannabis industry, touting his nurseys claim as the first in the United States to adopt this cutting-edge technology in this manner.

Zarnes is not alone in his enthusiasm. To the contrary, as two of the more intriguing industries making headlines today, the evolving courtship of cannabis and crypto remains a topic of endless fascination and quite possibly, one of vast potential as well.

Though certainly prone to folly, the appeal of combining blockchain technology with cannabis cultivation and culture at large has inspired a wave of innovations looking to bridge both fields.

In 2022, BitCanna entered the NFT market with the launch of Budheads a non-fungible token collection targeting the stoner set. Later the same year, Mark Bonner, CEO of Cannaverse Technologies, announced the debut of a weed-focused metaverse known as Cannaland.

Immersive Marketing

Speaking with CoinTelegraph, Bonner explained why hosting a virtual shop in Cannaland could offer benefits unavailable to businesses in the physical world. The metaverse is a powerful tool that can address a wide range of verticals, he said. One example of this is in the realm of branding and advertising. By using a metaverse platform, businesses can create a 360-degree immersive experience for consumers.

Contrast that opportunity with current restrictions that ensure most mainstream forms of traditional marketing including television ads and social media campaigns remain unavailable to weed brands, and one begins to see the appeal behind putting together a virtual alias unbound by red tape.

In addition, some of the core concepts that fuel crypto anonymity, accessibility, and community also make it an ideal bedfellow for cannabis brands eager to reach new eyes and expand their reach. And that doesnt even factor in the possibility of using crypto to pay for cannabis, which would undoubtedly come as a welcome alternative to retailers stuck relying on workaround ATMs or cash-only operations.

The Digital Wallet Dilemma

As CoinDesk pointed out in a recent deep-dive on the issue, cryptos inherent volatility and high transaction costs make it a poor substitute for cash, dissuading many potential cannabis business owners from going through the trouble of setting up a digital wallet and learning how to accept crypto payments.

Theres also the risk of running into familiar obstacles on the business side, as a Washington-based medical marijuana dispensary learned in 2018 when Coinbase shut down their account in deference to federal regulations. For these reasons and more, even in an age when taboos concerning consumption are finally beginning to dissipate, there are still valid reasons for caution when it comes to seeking community in the cannabis space.

Bridging the virtual cannabis culture gap was one goal of the pot-themed crypto collection Crypto Cannabis Club (CCC). It launched in 2022 as the worlds first NFT-powered cannabis brand and pushed hard to align its brand with a passion for connecting like-minded cannabis consumers around the globe.

Place Your Bets

CCC founders confirmed initial partnerships with existing notable brands like Highsman, Old Pal, Dr. Dabber, Vibes Papers, and Marley Naturals. It also aligned with the direct-to-consumer cannabis e-commerce platform CampNova to offer CCC token holders a substantial discount on the clubs exclusive line of premium packaged flower.

There were other perks too, including luxury getaways, all geared at offering a user experience that, at least as of now, cannot be replicated by any brand constrained to state-legal markets.

Naturally, the fragmented state and volatile markets inherent to crypto, in addition to the steep learning curve required to fully grasp its varied machinations, have served to keep advances in the realm to a relatively low boil so far. But the heat appears to be rising steadily as more cannabis companies turn to innovative solutions to tackle thorny practical problems. Is blockchain a viable answer? That remains to be seen, but some brands are willing to bet big on the possibility that it might pay off.

This article first appeared in Volume 5 Issue 1 of Cannabis & Tech Today. Read the full issue here.

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Smart Contracts Add to Flurry of Activity in Worlds of Cannabis and ... - Cannabis & Tech Today

The Intersection of Blockchain and Energy Trading: Exploring Smart Contracts

The intersection of blockchain and energy trading has been a topic of increasing interest in recent years, as the world seeks to transition to cleaner and more efficient energy sources. One of the key components of this intersection is the use of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts have the potential to revolutionize the way energy is traded, making the process more transparent, efficient, and secure.

Blockchain technology, the decentralized digital ledger system that underpins cryptocurrencies like Bitcoin, has been touted as a potential game-changer in various industries, and the energy sector is no exception. The transparency and security offered by blockchain make it an ideal platform for energy trading, where the need for trust and verification is paramount. With the global energy market valued at over $1.8 trillion, the potential impact of blockchain on this industry is immense.

Smart contracts are one of the most promising applications of blockchain technology in the energy sector. These contracts are essentially computer programs that automatically execute the terms of a contract when certain conditions are met. For example, a smart contract could be set up to automatically release payment for electricity once a specific amount of energy has been delivered to a consumer. This eliminates the need for intermediaries, such as banks or other financial institutions, to facilitate transactions, reducing costs and increasing efficiency.

In the context of energy trading, smart contracts can be used to facilitate peer-to-peer (P2P) transactions between energy producers and consumers. This has the potential to disrupt traditional energy markets, as it allows individuals and businesses to trade energy directly with one another, bypassing traditional utilities and grid operators. This can lead to a more decentralized and resilient energy system, with increased competition and lower prices for consumers.

One of the key benefits of using smart contracts in energy trading is the increased transparency they provide. With traditional energy contracts, it can be difficult for consumers to verify the source of their energy, leading to concerns about the environmental impact of their consumption. Smart contracts, on the other hand, can provide real-time information about the source of energy being traded, allowing consumers to make more informed choices about their energy use.

Another advantage of smart contracts in energy trading is their ability to facilitate the integration of renewable energy sources into the grid. As the world seeks to transition to a low-carbon economy, the need for flexible and responsive energy systems is becoming increasingly important. Smart contracts can be used to automatically adjust energy supply and demand in response to fluctuations in renewable energy generation, helping to balance the grid and reduce the need for costly and polluting backup power sources.

The potential of smart contracts in energy trading is already being explored by a number of innovative projects around the world. For example, the Brooklyn Microgrid project in New York allows local residents to trade solar energy with their neighbors using a blockchain-based platform. Similarly, the Australian-based Power Ledger project is using blockchain technology to enable P2P energy trading in a number of pilot projects across the country.

Despite the promise of smart contracts in energy trading, there are still a number of challenges that need to be overcome before they can be widely adopted. These include regulatory hurdles, as well as concerns about the scalability and security of blockchain technology. However, as the technology continues to mature and more pilot projects are launched, it is likely that we will see an increasing number of energy transactions being facilitated by smart contracts in the coming years.

In conclusion, the intersection of blockchain and energy trading, particularly through the use of smart contracts, has the potential to revolutionize the way energy is bought and sold. By increasing transparency, efficiency, and security, smart contracts could help to create a more decentralized and resilient energy system, paving the way for a cleaner and more sustainable future.

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The Intersection of Blockchain and Energy Trading: Exploring Smart ... - EnergyPortal.eu

Photo by Shubham Dhage on Unsplash

The technology known as blockchain, one of the foundations of Web3, a third generation internet that is more decentralized, transparent, and inclusive, has an intriguing backstory. This narrative starts with a scientific article that was released in 2008 under the pseudonym Satoshi Nakamoto.

The paper "Bitcoin: A Peer-to-Peer Electronic Cash System" outlines a digital payment system that does not rely on a central authority or middleman but rather relies on a peer-to-peer network of computers that communicate with one another and use cryptography to verify transactions. The first cryptocurrency in the world is this one, which goes by the name of Bitcoin.

But Bitcoin is more than simply a virtual currency. Additionally, Bitcoin is a protocol, which is a set of guidelines governing how the network functions. The blockchain, a digital ledger that chronologically, openly, and irreversibly records all transactions that take place on the Bitcoin network, is also a key component of the Bitcoin protocol.

Blockchain is a ground-breaking invention because it addresses the double-spending issue, which has long impeded the development of decentralized digital payment systems. By cheating the network or creating duplicate data, double-spending is a phenomena where someone can use the same digital currency more than once.

Through adopting a consensus mechanism, which is a procedure through which network participants (referred to as nodes) concur on the state of the ledger and legitimate transactions, blockchain avoids double-spending. Proof-of-work (PoW), one of the consensus methods employed by Bitcoin, requires nodes to carry out challenging mathematical calculations in order to add new blocks to the blockchain. Successful nodes are referred to as miners, and they are rewarded with more Bitcoins.

By doing this, the Bitcoin blockchain transforms into a single source of reality that can't be hacked or fabricated by bad actors. The Bitcoin blockchain is also a platform that displaces the need for traditional financial institutions like banks or governments by enabling anybody to engage in the global economy.

The Bitcoin blockchain, however, is not flawless. It has some drawbacks, including poor scalability, high transaction costs, high energy usage, and little flexibility. Many programmers and academics began developing various blockchains that provide additional or substitute functionality, such as proof-of-stake (PoS), smart contracts, tokenization, and others, in order to overcome these problems.

Ethereum, which was introduced in 2015 by Vitalik Buterin and his colleagues, is one of the most well-known and significant blockchains. In order to build and run decentralized applications (dApps), users can use Ethereum, a distributed computing platform. Smart contracts are computer programs that automatically carry out business logic and agreements between participants.

Additionally, Ethereum has its own money called Ether (ETH), which is used to pay for network transaction and computation costs. Ethereum also enables the development of alternative tokens, such as NFT (non-fungible token), DeFi (decentralized finance), DAO (decentralized autonomous organization), and others, that can stand in for digital or real assets.

Blockchain technologies like Ethereum and others give developers, businesspeople, creatives, activists, and other people new chances to innovate and work together across a range of industries. They also question the previous paradigm and status quo, which were dominated by centralized authorities and were frequently ineffective, unfair, or opaque.

Blockchain is thus a tale of how technology may make the world a better place by enabling individuals to be more autonomous, creative, and connected. Blockchain tells the tale of Web3, a more democratic, inclusive, and varied version of the internet in the future. You can participate in the ongoing tale of blockchain technology.

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The Story of Blockchain. Photo by Shubham Dhage on Unsplash ... - Medium

The year 2022 was not a very good year for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co-founders and a fall in the tokens price all cast a shadow on its future prospects. That said, projects such as dYdX and cross-chain oracle protocol Seda continue to call the network home and are adamant about its IBC vision.

Currently, Seda says it enables over 12 million data feeds across 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (formerly known as Flux), discussed the importance of oracles in cross-chain bridges and how they protect the value they enable.

Cointelegraph: How do oracles add value to IBC?

Jasper de Gooijer: The current problem is that smart contracts can only query data outside of blockchains themselves, right? That greatly limits the amount of use cases that smart contracts have, such as in lending markets. So in those markets, if you want knowledge on price on, say, six chains at once, you need six oracle providers, and that's when you need multichain oracles.

CT: What is the biggest accomplishment or technological breakthrough thus far in the Seda ecosystem?

Peter Mitchell: We launched Seda about a year ago. And within eight weeks, we became the second-largest oracle, securing over $2.7 billion in total value locked. And then we realized that we couldnt monitor and scale this into something like 200 chains, right? It would be impossible to have robust monitoring of price feeds.

So the innovation weve built on Seda is that the main chain aggregates the data and then pushes the smart contracts to the subchain. And so, rather than deploying the oracle contract on every new chain, we just deploy this single smart contract.

CT: In light of recent high-profile oracle exploits, what are some ways of keeping the technology secure?

JG: The main point is really just education. People should know that they should not build a bridge with hundreds of millions of total value locked if the [underlying] token only has like $10 million of liquidity on decentralized exchanges. The second thing is building smart price data modules, so you can swap tokens for something like time-weighted average price, which makes it less likely to slip in volatile environments.

PM:Like Jasper was saying, if you have a token that's being borrowed against $100 million, and you only have, lets say, $10 million in liquidity on-chain, then you cant really liquidate $100 million or $50 million positions against that kind of liquidity. So setting up metrics like liquidation thresholds and collateralization ratios beforehand can really set up the protocol for success.

This interview has been edited from its original format for clarity.

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Seda co-founders discuss intersection of oracles and multichain - Cointelegraph