Polkadot (DOT) restates its position that DOT has “morphed away” from security classification, the integration of Chainlink (LINK) VRF by Karto Cars will support fair NFT minting and Snowfall Protocol (SNW) is on its way to a massive launch
The world of cryptocurrencies is rapidly evolving, with new and exciting developments happening every day. In this article, we will take a closer look at some of the most innovative and promising projects in the space, including Polkadot (DOT), Chainlink (LINK), and Snowfall Protocol (SNW). Whether you’re a crypto veteran, or a newcomer to the space, you won’t want to miss what these projects have to offer.
Polkadot (DOT) maintains its stance that DOT has “morphed away” from security status
The Web3 Foundation behind the Polkadot protocol reiterated that the DOT token is not a security. They highlighted their compliance with U.S. securities laws and SEC guidance, and stated that Polkadot (DOT) has transformed into a software, and is not a security.
The Polkadot (DOT) protocol, developed by the Web3 Foundation, is a multichain system that facilitates the interoperability of multiple blockchains. As of October 2022, it has 66 blockchains, and the Kusama parachain network running on it. The foundation, established by Gavin Wood, a co-founder of Ethereum, published the Polkadot (DOT) white paper in 2016. The full launch of the protocol was accomplished in December 2021 with the release of the parachains feature, according to a Medium post.
With a $283 million trading volume during the past 24 hours, the current Polkadot (DOT) price is $6.42. Over the past 24 hours, Polkadot (DOT) has increased by 1.05%.
Karto Cars implements Chainlink’s (LINK) VRF for fair NFT minting
Karto Cars, a retro-themed phone game that is fully developed, has integrated Chainlink’s (LINK) Verifiable Random Function (VRF) on the Ethereum mainnet. This integration allows using a tamper-proof and verifiable source of randomness, which is required for fair NFT minting, by utilizing the leading decentralized oracle network.
Karto Cars chose Chainlink (LINK) VRF for its advanced academic research foundation, established oracle network, and its use of cryptographic proofs to ensure the integrity of each random number provided to the smart contracts.
Chainlink (LINK) VRF generates random numbers and cryptographic proofs by combining future block data with an oracle node’s pre-committed private key. The Karto Cars smart contract will only accept the random number if it’s accompanied by a valid cryptographic proof, which ensures that the VRF process is tamper-proof.
With a $460 million trading volume over the past 24 hours, the current live Chainlink (LINK) price is $7.23. In the past 24 hours, Chainlink (LINK) has increased by 4.32%.
Snowfall Protocol (SNW) gearing up for a major launch
Snowfall Protocol (SNW) provides a rare and highly desirable solution within the cryptocurrency industry. Snowfall Protocol (SNW) held one of the most successful token presales of 2022, with its stage 2 sale ending a day ahead of schedule due to the tokens being sold out. Snowfall Protocol (SNW) has already generated over $3 million in funding, prior to its official launch.
Snowfall Protocol (SNW) simplifies cross-chain communication by removing technical obstacles. It has gained the trust of the crypto community, particularly with its impressive price gains and the launch of its dApp prototype. The final presale phase will end on February 3, 2023 at a price of $0.22. Experts anticipate a 5000% increase in Snowfall Protocol (SNW) value from its current price of $0.20 in the future.
Conclusion
The crypto space has witnessed promising developments from projects like Polkadot (DOT), Chainlink (LINK), and Snowfall Protocol (SNW). Polkadot has restated its position that the DOT has “morphed away” from security classification, while Chainlink’s (LINK) VRF is being implemented by Karto Cars for fair NFT minting. Lastly, Snowfall Protocol (SNW) is on its way to a massive launch and seems to be the investor’s top choice among these projects.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
The post Polkadot (DOT) restates its position that DOT has “morphed away” from security classification, the integration of Chainlink (LINK) VRF by Karto Cars will support fair NFT minting and Snowfall Protocol (SNW) is on its way to a massive launch appeared first on Analytics Insight.
The world of cryptocurrencies is rapidly evolving, with new and exciting developments happening every day. In this article, we will take a closer look at some of the most innovative and promising projects in the space, including Polkadot (DOT), Chainlink (LINK), and Snowfall Protocol (SNW). Whether you’re a crypto veteran, or a newcomer to the space, you won’t want to miss what these projects have to offer.
Polkadot (DOT) maintains its stance that DOT has “morphed away” from security status
The Web3 Foundation behind the Polkadot protocol reiterated that the DOT token is not a security. They highlighted their compliance with U.S. securities laws and SEC guidance, and stated that Polkadot (DOT) has transformed into a software, and is not a security.
The Polkadot (DOT) protocol, developed by the Web3 Foundation, is a multichain system that facilitates the interoperability of multiple blockchains. As of October 2022, it has 66 blockchains, and the Kusama parachain network running on it. The foundation, established by Gavin Wood, a co-founder of Ethereum, published the Polkadot (DOT) white paper in 2016. The full launch of the protocol was accomplished in December 2021 with the release of the parachains feature, according to a Medium post.
With a $283 million trading volume during the past 24 hours, the current Polkadot (DOT) price is $6.42. Over the past 24 hours, Polkadot (DOT) has increased by 1.05%.
Karto Cars implements Chainlink’s (LINK) VRF for fair NFT minting
Karto Cars, a retro-themed phone game that is fully developed, has integrated Chainlink’s (LINK) Verifiable Random Function (VRF) on the Ethereum mainnet. This integration allows using a tamper-proof and verifiable source of randomness, which is required for fair NFT minting, by utilizing the leading decentralized oracle network.
Karto Cars chose Chainlink (LINK) VRF for its advanced academic research foundation, established oracle network, and its use of cryptographic proofs to ensure the integrity of each random number provided to the smart contracts.
Chainlink (LINK) VRF generates random numbers and cryptographic proofs by combining future block data with an oracle node’s pre-committed private key. The Karto Cars smart contract will only accept the random number if it’s accompanied by a valid cryptographic proof, which ensures that the VRF process is tamper-proof.
With a $460 million trading volume over the past 24 hours, the current live Chainlink (LINK) price is $7.23. In the past 24 hours, Chainlink (LINK) has increased by 4.32%.
Snowfall Protocol (SNW) gearing up for a major launch
Snowfall Protocol (SNW) provides a rare and highly desirable solution within the cryptocurrency industry. Snowfall Protocol (SNW) held one of the most successful token presales of 2022, with its stage 2 sale ending a day ahead of schedule due to the tokens being sold out. Snowfall Protocol (SNW) has already generated over $3 million in funding, prior to its official launch.
Snowfall Protocol (SNW) simplifies cross-chain communication by removing technical obstacles. It has gained the trust of the crypto community, particularly with its impressive price gains and the launch of its dApp prototype. The final presale phase will end on February 3, 2023 at a price of $0.22. Experts anticipate a 5000% increase in Snowfall Protocol (SNW) value from its current price of $0.20 in the future.
Conclusion
The crypto space has witnessed promising developments from projects like Polkadot (DOT), Chainlink (LINK), and Snowfall Protocol (SNW). Polkadot has restated its position that the DOT has “morphed away” from security classification, while Chainlink’s (LINK) VRF is being implemented by Karto Cars for fair NFT minting. Lastly, Snowfall Protocol (SNW) is on its way to a massive launch and seems to be the investor’s top choice among these projects.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
The post Polkadot (DOT) restates its position that DOT has “morphed away” from security classification, the integration of Chainlink (LINK) VRF by Karto Cars will support fair NFT minting and Snowfall Protocol (SNW) is on its way to a massive launch appeared first on Analytics Insight.
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