1. BITBILIHome
  2. Article

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

• 158 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

  • Apple bends to France’s demands for software upgrade

    Description In a move that might be perceived as capitulation, Apple is releasing a software upgrade for the iPhone 12. This comes in response to a cluster of European countries, led by France, poised to make legislative moves over alleged heightened radiation emissions. While Apple may dominate tech spaces with its sleek devices, it appears they’re … Read more In a move that might be perceived as capitulation, Apple is releasing a software upgrade for the iPhone 12. This comes in response to a cluster of European countries, led by France, poised to make legislative moves over alleged heightened radiation emissions. While Apple may dominate tech spaces with its sleek devices, it appears they’re not immune to governmental pressures. A Tussle of Tech and Regulation The iPhone 12, which made its debut in 2020, is now at the epicenter of a controversy that’s rattled regulators across European Union nations. Nations like Belgium, Germany, and Italy have been closely observing the drama unfold after the country’s national frequency agency, ANFR, dropped the gauntlet, demanding Apple halt sales of the contentious device…

    Article 2023年9月18日

  • China’s economy falls into deflation as consumer prices fall

    TL;DR Breakdown China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. The government has established an inflation target of approximately 3% for the year, which has proven challenging. Description China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. This development is a prominent illustration of policymakers’ difficulties in stimulating consumer spending.  In July, the consumer price index experienced a 0.3 percent year-on-year decrease, contrasting with the previous month’s status quo. Simultaneously, the producer … Read more China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. This development is a prominent illustration of policymakers’ difficulties in stimulating consumer spending.  In July, the consumer price index experienced a 0.3 percent year-on-year decrease, contrasting with the previous month’s status quo. Simultaneously, the producer price index, which measures the prices of goods at the factory level, saw a significant decline of 4.4 percent in July. China’s inflation trajectory fell in July…

    Article 2023年8月9日

  • FTX and Genesis reach agreement in bankruptcy cases

    TL;DR Breakdown Bankrupt crypto firms FTX Trading Ltd. and Genesis Global Holdco LLC have agreed to settle their Chapter 11 cases. FTX originally claimed a $3.9 billion debt from Genesis, which was later reduced to $2 billion. Description Brace yourselves as the crypto universe witnesses an unprecedented episode of resolution. The bankruptcy specter, FTX Trading Ltd., and Genesis Global Holdco LLC have decided to bury the hatchet and find common ground to settle their Chapter 11 cases. Out of chaos comes order In the throes of financial collapse, FTX Trading had squared off … Read more Brace yourselves as the crypto universe witnesses an unprecedented episode of resolution. The bankruptcy specter, FTX Trading Ltd., and Genesis Global Holdco LLC have decided to bury the hatchet and find common ground to settle their Chapter 11 cases. Out of chaos comes order In the throes of financial collapse, FTX Trading had squared off with Genesis Global, claiming a staggering debt of $3.9 billion. The crypto lender, Genesis, countered this allegation, leading to a reduction of the contested amount to $2 billion. A…

    Article 2023年7月29日

  • OpenAI launches $1 million grant program to combat cybercrime with AI-powered solutions

    TL;DR Breakdown OpenAI has launched a cybersecurity grant program worth $1 million to combat cybercrime by leveraging AI-driven technologies. OpenAI aims to measure the effectiveness of AI-driven cybersecurity models. The company emphasizes the importance of collaboration and open dialogue in the battle against cybercrime. OpenAI, the renowned creator of AI marvels such as ChatGPT and Dall-e, has taken a meaningful step forward in the fight against cybercrime. Recognizing the growing threat posed by malicious actors leveraging artificial intelligence (AI) technology for nefarious purposes, the company has announced a groundbreaking cybersecurity grant program worth $1 million. This ambitious initiative aims to bolster and measure the impact of AI-driven cybersecurity technologies, ensuring that positive forces remain at the forefront of the digital arms race. The need for urgent action has never been more apparent with the rise of deep fakes and malware. OpenAI has long emphasized AI regulation’s regulation’s importance in countering potentially malicious applications. Now, the company is backing its words with action, determined to prevent the negative consequences of AI from falling into the wrong hands. OpenAI’s innovative grant program…

    Article 2023年6月7日

  • Ripple and SEC are still going at it – How does Coinbase fit in?

    TL;DR Breakdown The success of Ripple and Coinbase against the SEC directly correlates with how the market will turn out in a few days. The SEC stalls the decision on how to proceed with the cases it has against crypto entities. Ripple has increased its portfolio of regulatory licenses in the United States by acquiring Fortress Trust.  Description In the intricate tapestry of crypto regulation, few narratives have commanded as much attention, speculation, and dramatic flair as the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind one of the largest crypto by market cap, XRP.  This legal odyssey has not only sent ripples across … Read more In the intricate tapestry of crypto regulation, few narratives have commanded as much attention, speculation, and dramatic flair as the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind one of the largest crypto by market cap, XRP.  This legal odyssey has not only sent ripples across financial waters but has called into question fundamental concepts…

    Article 2023年9月9日
TOP