The majority of the cryptocurrencies are trading sideways. Bitcoin is holding the 62k region. Ethereum is trading around $4000 with the fear and greed index remaining in Greed. Let’s find out some interesting crypto news for the day.
1) Iota Enables Smart Contract Functionality
IOTA offers programmable smart contracts on IOTA 2.0.
The network adds early support for:
- the Ethereum Virtual Machine (EVM) and
- Smart contracts written in programming languages like Solidity, Go, and Rust.
IOTA can handle over 1000 transactions per second. And It executes smart contracts with horizontal scaling. Horizontal scaling works by adding more smart contract chains. This feature helps in maintaining the interoperability of all smart contracts.
IOTA also acts as a trustless, feeless asset bridge. IOTA is now trading near $1.3 with a 5% pump since the announcement.
Cardano reached a new all-time high last month. That matched their announcement of adding smart contract functionality.
It’s time to add a new layer of utility to #IOTA and enter Web3. Smart Contracts Beta is out!🚀
✔️Solidity, Go (TinyGo) or Rust #SmartContracts
✔️Sharded chains, w/ full interoperability
✔️Define token incentives and fees (or go #feeless)https://t.co/srEehlWyMn pic.twitter.com/tXJN0oehMh
— IOTA (@iota) October 21, 2021
2) Binance Introduces Binance Evolution Protocol, BEP-95
Binance proposes a new token standard and a real-time $BNB burning mechanism. $BNB’s tokenomics is now more dynamic thanks to the Evolution Protocol.
BEP-95 speeds up the burning process of $BNB. Another goal for BSC is to become more decentralized. Part of the gas fee will be burned depending on the activity on the BSC network. And it will continue burning $BNB, even after Binance achieves its target of 100m $BNB supply.
New way to burn #BNB🔥🔥🔥
⚡️This BEP-95 will speed up the burning process of BNB and make #BSC more decentralized.
Calculate how much BNB will be burned everyday👇https://t.co/iv4kRHGA3k
— BNB Chain (@BNBCHAIN) October 22, 2021
3) Trustpad Announces Vodra IDO Event
Trustpad announces the VodraToken IDO on October 26. VodraToken is a content empowering platform targeting both content creators and their audiences. The community sale of the native token $VDR is organized by Anypad and Starter.
You can participate in the whitelisting competition here.
Vodra provides fair compensation for creators alongside all of the tools needed to grow audiences.
Vodra is conducting an airdrop, partnering with Coinmarketcap and you can win up to 50,000 dollars.
You can enter the giveaway here.
🏆 Vodra IDO #Whitelist Competition is now LIVE ✅
Join here 👉 https://t.co/0Zw7JTjPy5
— TrustPad (@TrustPad) October 19, 2021
4) DreamsQuest NFT Flashdrop on BinanceNFT
DreamsQuest announces the fourth edition of its NFT sale on BinanceNFT.
The exclusive NFT sale is live now. You can place bids on the BinanceNFT platform.
Dreams Quest is an upcoming decentralized Free-to-Play Play-to-Earn RPG game.
You can buy Dreams NFTs here.
📣 Hear Ye! Hear Ye!
⚡️The fourth #DreamsQuest NFT Flash Drop on BinanceNFT is going down tomorrow! ⚡️
⚔️ Stay logged (into Binance NFT) and loaded (with $BUSD) to secure your cards!
OCT 22nd at 11:00 AM UTC
— Dreams Quest (@DreamsQuestNFT) October 21, 2021
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by TrustPad. Copyright Altcoin Buzz Pte Ltd.