1. BITBILIHome
  2. Article

Binance Labs and CoinFund invest $10 million in Neutron smart contract blockchain for the Cosmos ecosystem

• 36 views

TL;DR Breakdown

  • Binance Labs and CoinFund lead a $10 million investment round for Neutron, a smart contract blockchain within the Cosmos ecosystem.
  • Neutron integrates the Rust programming language into the CosmWasm environment, unlocking the potential of over 50 interconnected app-specific blockchains.
  • Close collaboration with the Cosmos Hub empowers cross-chain, secure, and efficient smart contract applications.

Description

Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping … Read more

Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping the blockchain landscape.

Neutron, an innovative Cosmos-based network, introduces a novel paradigm by seamlessly integrating the Rust programming language into the CosmWasm computational environment. With its focus on smart contract creation, Neutron aims to unlock the Cosmos ecosystem’s full potential, encompassing over 50 interconnected app-specific blockchains, or appchains, contributing to a vibrant and diverse decentralized ecosystem.

Neutron facilitates cross-chain, smart contract applications by forging a close alliance with the Cosmos Hub and harnessing its robust security infrastructure. This partnership empowers developers and users alike to transcend the limitations of individual chains and engage in secure and efficient transactions across the Cosmos network.

Alex Felix, Chief Investment Officer at CoinFund, underscores the growing demand for appchains and layer-two solutions, emphasizing Neutron’s pivotal role in addressing this pressing need. Notably, Neutron stands out by accommodating Rust, the world’s second-most popular smart contracting language, providing developers with a familiar and versatile toolkit to build mission-critical applications.

In a significant milestone for the project, Neutron became the first-ever Cosmos blockchain to implement Replicated Security in May. This groundbreaking feature empowers consumer chains to leverage the validators of the Cosmos Hub, the ecosystem’s central and venerable chain, enabling them to operate secure applications at a fraction of the usual cost. This breakthrough bolsters Neutron’s credibility and underpins its commitment to ensuring a robust and economically viable platform.

The advent of Neutron opens up new possibilities for developers and businesses seeking to capitalize on the expansive capabilities of the Cosmos ecosystem. By combining the power of Rust and the security infrastructure of the Cosmos Hub, Neutron paves the way for a new era of interoperability and efficiency within the blockchain realm.

Hence, the future of the Cosmos ecosystem looks set to be significantly transformed by the advent of Neutron. With its emphasis on cross-chain functionality, support for Rust, and unwavering commitment to security, Neutron promises to revolutionize how smart contracts are developed and executed. As the crypto community eagerly awaits further developments, Neutron’s emergence marks a noteworthy milestone in the ongoing evolution of the blockchain landscape.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Binance Labs and CoinFund invest $10 million in Neutron smart contract blockchain for the Cosmos ecosystem

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月24日 17:33
Next 2023年6月24日 19:17

Related articles

  • Why Apple was sued for over $1b by developers

    TL;DR Breakdown Apple faces a $1 billion lawsuit filed by over 1,500 app developers in the UK over its App Store fees. Apple’s services business, including the App Store, brings in around $20 billion per quarter. The company’s commission rates (15-30%) for the use of its in-app payment system have been criticized by developers and antitrust regulators. Description Apple, the tech powerhouse with a formidable reputation, finds itself in the crosshairs of a legal debacle. A class-action lawsuit of approximately $1 billion has been lodged against the company by over 1,500 app developers in the UK, presenting a formidable challenge to Apple’s app store pricing policy. App Store mired in controversy Apple’s meteoric … Read more Apple, the tech powerhouse with a formidable reputation, finds itself in the crosshairs of a legal debacle. A class-action lawsuit of approximately $1 billion has been lodged against the company by over 1,500 app developers in the UK, presenting a formidable challenge to Apple’s app store pricing policy. App Store mired in controversy Apple’s meteoric rise in revenues can be traced back to its…

    Article 2023年7月26日

  • The real reason BRICS is letting in the oil giants

    TL;DR Breakdown BRICS has strategically invited several oil giants, including Saudi Arabia, the UAE, and Iran. The inclusion is seen as a power move, especially by China and Russia, to challenge Western dominance. Expert Daniela Schwarzer suggests this expansion is an attempt to counter the waning influence of the G7. Description If you’ve been keeping an eye on global economics, you’ll notice that the winds are shifting. BRICS, an economic bloc previously composed of Brazil, Russia, India, China, and South Africa, has just played a significant card. In a move that left geopolitical analysts buzzing, the bloc has widened its embrace to incorporate several oil behemoths. … Read more If you’ve been keeping an eye on global economics, you’ll notice that the winds are shifting. BRICS, an economic bloc previously composed of Brazil, Russia, India, China, and South Africa, has just played a significant card. In a move that left geopolitical analysts buzzing, the bloc has widened its embrace to incorporate several oil behemoths. Power Play: Russia and China’s Strategic Win When BRICS announced their intention to welcome Saudi Arabia,…

    Article 2023年8月29日

  • ECB raises interest rates to record high in an effort to cool consumer prices

    TL;DR Breakdown The European Central Bank (ECB) has raised interest rates to a record high, marking the 10th consecutive increase. This rate hike comes as the eurozone economy faces challenges, including slowing bank lending, a cooling labor market, and falling inflation. ECB President Christine Lagarde mentioned that she has left the possibility of a further rate hike open. Description The European Central Bank (ECB) has taken a bold step by raising interest rates to an unprecedented level, aiming to control consumer prices. This decision, reached during the governing council’s meeting in Frankfurt on Thursday, marked the 10th consecutive increase, with the deposit rate raised by 25 basis points to 4 percent. It’s worth noting … Read more The European Central Bank (ECB) has taken a bold step by raising interest rates to an unprecedented level, aiming to control consumer prices. This decision, reached during the governing council’s meeting in Frankfurt on Thursday, marked the 10th consecutive increase, with the deposit rate raised by 25 basis points to 4 percent. It’s worth noting that this move occurred simultaneously with officials revising…

    Article 2023年9月15日

  • July 2023’s CPI data affects TradFi and DeFi markets on even ground – Here’s how

    TL;DR Breakdown CPI rose 3.2% from the same month a year ago in July, slightly below expectations. The 12-month rate of the core CPI was 4.7%, also below expectations. Both metrics increased by 0.2% month-over-month. Shelter costs rose 0.4% month-to-month and 7.7% year-over-year, accounting for nearly all of the monthly inflation rise. While inflation has come well off its 40-year highs of mid-2022, it is still considerably above the 2% level where the Federal Reserve would like it. Description In July, the consumer price index (CPI) increased 3.2% over the previous year, indicating that inflation has lost at least some of its grip on the US economy. The Bureau of Labour Statistics announced Thursday that prices increased by a seasonally adjusted 0.2% for the month, in line with the Dow Jones projection. The annual … Read more In July, the consumer price index (CPI) increased 3.2% over the previous year, indicating that inflation has lost at least some of its grip on the US economy. The Bureau of Labour Statistics announced Thursday that prices increased by a seasonally adjusted 0.2%…

    Article 2023年8月11日

  • EU securities authority establishes crypto regulatory blueprint under MiCA framework

    TL;DR Breakdown ESMA issued initial guidelines for EU crypto firms under the MiCA law. ESMA seeks confidential data from crypto companies to improve market understanding and security. Consultation phases will extend until 2023, setting a regulatory framework by 2024. Description The European Securities and Markets Authority (ESMA) has published its initial consultation package in a bid to frame the regulatory landscape for crypto firms across the European Union. The effort, backed by the European Union’s Markets in Crypto Assets (MiCA) law, sets the stage for a more regulated and transparent crypto space within the bloc. … Read more The European Securities and Markets Authority (ESMA) has published its initial consultation package in a bid to frame the regulatory landscape for crypto firms across the European Union. The effort, backed by the European Union’s Markets in Crypto Assets (MiCA) law, sets the stage for a more regulated and transparent crypto space within the bloc. Building the regulatory framework The MiCA law, which will be effective from 2024, grants crypto service providers, including wallet providers and exchanges, the freedom to operate across…

    Article 2023年7月13日
TOP