source

These days it seems like there is an endless influx of "new coins" into the crypto space. Everyone is getting in on the hype and saturating the market with their idea of what they think can be next big thing.

But what is crypto really about?

• Transparent ledgers
• Borderless transfers
• Anonymity,
• Immutable records
• Secure and decentralized assets
• Scalable networks
• Limited supply and;
• Distributed applications with varying utility.

How does the average crypto coin measure up?

With the competition for investor attention at an all-time high, many crypto projects have developed their own blockchains and standards that allow for the minting of coins on their network. You also have services like decentralized apps (dApps), (decentralized finance) DeFi protocols, pegged coins, Proof of Stake, Governance (Voting/Listing), Orderbook, Cross-chain transfer and non-fungible tokens or NFTs.

All these technologies serve as a foundation for a plethora of applications of the blockchain in different industries and use cases in our day-to-day lives.

Smart contracts can be used in everything from arbitration, paying salaries to tracking deliveries of goods, and detecting counterfeit products.

However, despite the leaps in innovative uses, blockchain technology still remains relatively new to the financial ecosystem. There are limited number of "professionals" who can code in the advanced languages like Solidity, Lua, TypeScript and Scala used to develop blockchains. This causes great demand and also highlights how unprepared a project might be to defend itself for a unique or custom attack by a bad actor on the network.

SECURITY SCARES?

In recent times there have been hacks on various blockchains which were previously thought impossible.
In August 2021, Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as Ether.
In December 2021, BadgerDAO suffered a hack that caused them to lose over $120 million worth of digital assets
On Feb 3, 2022, Solana ecosystem and cross-chain bridge Wormhole was compromised with a security exploit that culminated in the loss of 120,000 wrapped Ether (wETH) tokens, worth over $375 million at the current price of Ether (ETH).

INTRODUCING ADAMNITE

Adamnite is a new-generation native layer-1 blockchain development platform. Adamnite basically provides an environment where developers can create and deploy distributed applications (Dapps) as well as digital assets. It utilizes a robust in-built security compiler that translates from high-level programming language to intermediate and low-level byte-code. It also uses a modified Delegated Proof of Stake (DPOS) Consensus that guarantees efficiency while retaining both decentralization and security.

source

Adamnite offers all the capabilities of Web3 technology with minimal fees. Adamnite uses a process of "knowledge verification" that refers to the assertions declared by the developers, taking into account loop invariants. Adamnite core programming shares some similarities with the Bitcoin Script that make it immutable and rids the network of programming loopholes that Turing systems like Ethereum face.

Interview with Adamnite Cofounder Archie Chaudhury

LEARN MORE ABOUT ADAMNITE

Adamnite whitepaper
Adamnite litepaper

Adamnite Github
Adamnite Reddit
Adamnite Youtube
Adamnite Twitter
Adamnite Medium
Join the Adamnite Discord community and interact with the team!

DISCLAIMER

The information provided here is for informational and entertainment purposes only. It should NOT be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.