What are the benefits of EVM? As described above, the EVM prevents malicious activities from attacking the network. As such, it ensures that smart contracts and other automated services are executed on a secure and reliable platform. The Ethereum network has the largest crypto ecosystem. [Creating a dapp] (/en/learn/best-defi-dapps and is the gold standard for smart contract development. Many other blockchains have created sidechains that allow Ethereum developers to transfer their applications without changing the code. The EVM is also decentralized, which means that anyone can create a smart contract on Ethereum without permission. It also allows developers to create and deploy decentralized services and applications, and it has gained immense popularity in recent times. # GatePost # #GateLive# #ContentStar#

What are Stacks (STX)? How does STX scale Bitcoin? Stacks is a layer for smart contracts built on Bitcoin and a layer where transactions in STX are permanently stored on the Bitcoin blockchain. Stacks is a layer for smart contracts built on Bitcoin and a layer where transactions in STX are permanently stored on the Bitcoin blockchain. The STX blockchain runs the POX (Proof of Transfer) consensus mechanism, which is a tokenomic approach to decentralized consensus. Looking closely at new generation blockchains compared to legacy blockchain networks, one of the observations is that legacy blockchain networks focus more on decentralization and security. They sacrifice speed, scalability, and overall network agility for security and decentralization. Slow transaction speed is actually healthy for security, as miners need time to verify each block. However, new blockchains have great appeal as they are faster and cheaper (to use). Often, however, they sacrifice a degree of security and decentralization to achieve this. New solutions have been developed for blockchain consensus and transaction verification, which provide a good level of security. Stacks is one of these projects. What are Stacks? Stacks is a “semi-independent” layer for smart contracts on the Bitcoin blockchain. While the Stacks network operates an autonomous state machine and consensus mechanism, the Bitcoin network is “semi-independent” as it publishes proof of transactions. STX expands the Bitcoin network by developing a more agile execution layer as an alternative to the slower Bitcoin mainnet. It also leverages the strongest security infrastructure in the blockchain space, connected to the Bitcoin network for the final verification of transactions on the network. It provides a modular approach to network development by partially separating the execution layer from the consensus layer. Smart contracts deployed on Stacks are written on Clarity, a programming language developed for this network. STX also runs BNS (Bitcoin Naming System), a decentralized naming system that allows users to register desired names on the Bitcoin blockchain. STX claims that BNS provides a platform for anyone to create a solidly owned nominal system, as the owner of the private key of the wallet containing the BNS name retains full control of the name's state. STX also states that it offers an efficient and secure platform for developers, routine users, and smart contract applications. How does Stacks work? To execute smart contracts, verify transactions and gain an extra layer of security through the Bitcoin blockchain, the Stacks network uses a set of role players working in synergy. The core of the network consists of: A new programming language. Smart contract execution layer. An interactive consensus mechanism. Stacks claims to differ from other Bitcoin scaling solutions by adding an extra utility to the Bitcoin blockchain. Unlike the Lightning network, STX claims to not only scale the Bitcoin blockchain but make it even more useful. It achieves this by creating a programmable execution layer that can run asset swap requests from users and keep track of transactions. These records of smart contract transactions and native P2P transactions are packaged in blocks and sent to the consensus layer for verification. Consensus on Stacks networks is based on the “Proof of Transfer” consensus algorithm. What is STX coin? STX is the native cryptocurrency of the Stacks network. As the project reports, STX allows Stacks to develop and manage its own economy as well as promote its security infrastructure. STX feeds the consensus system by being used to attract Bitcoin miners to verify blocks on the network, STX holders also lock their coins into the network, playing an important role in consensus and security, a role that qualifies them for Bitcoin rewards. STX also runs the network's tax system and is used as a fee for transactions. STX's coins are intertwined with Bitcoin, just like consensus and security. Bitcoin miners are more likely to connect to the network when the STX coin stays in price. However, this can also be affected by a number of other factors. According to data from CoinGecko, approximately 1.4 billion STX tokens are currently in circulation. The total supply is not limited, but around 1.8 billion STX coins are expected to be in circulation by 2050. Like the main Bitcoin blockchain, Stacks runs a halving program that reduces miners' rewards by half their previous value. STX is halved every 4 years. #NewsFrontier# #ContentStar# #HotTopicDiscussion# #Contentmining#

BlackFort Exchange Network Replaces Layer 1 Narration with an EVM-compatible Nodular Blockchain Breakthrough in blockchain technology, BlackFort Exchange Network (BXN) made a big splash in the industry with the introduction of nodular blockchain. This cutting-edge innovation offers unprecedented speed, scalability and compatibility with the Ethereum Virtual Machine (EVM), reshaping the decentralized finance and smart contract execution environment. BXN's nodular blockchain architecture represents a significant advance in blockchain technology. By implementing a secure Proof-of-Stake consensus mechanism, BXN provides transparent and efficient transaction verification, ensuring that all transactions are processed quickly without compromising security. This revolutionary approach allows BXN to achieve lightning-fast approvals while maintaining the highest level of decentralization. BXN's nodular blockchain is the product of extensive research and development designed to meet the growing demand for scalable blockchain solutions. With the ability to process large volumes of transactions per second (TPS), BXN gives businesses and users the power to unlock the full potential of blockchain technology. BXN is taking blockchain adoption to new heights by offering unmatched speed and scalability, enabling a wide variety of applications and use cases that were previously constrained by limited transaction capacity. The compatibility of BXN's nodular blockchain with the Ethereum Virtual Machine (EVM) allows developers to effortlessly migrate their existing smart contracts and decentralized applications (dApps) to the BXN ecosystem. This interoperability combines the robustness of the Ethereum network with the enhanced speed and scalability of BXN, unlocking rich possibilities. The advantages of BXN's EVM compliance lie in its ability to leverage existing Ethereum tools and infrastructure, reducing development time and costs for developers, while providing users with a familiar and seamless experience. BXN is proud to share its achievements that embody its commitment to drive innovation and market adoption. The sale of more than 75,000 nodes means more and more recognition of BXN's unmatched performance and reliability. With more than 24,000 active wallet addresses and a consistent increase in daily transactions of over 4,500, the BXN community is expanding rapidly. BXN's commitment to providing a user-centric experience is exemplified by the successful launch of BlackFort Wallet 1.0, a non-custodial client-side crypto wallet that offers enhanced security and control for users' digital assets. Blackfort Network takes the Layer 1 narrative to the highest level with its unique approach: “Together with our visionary community, we aim to build bridges that connect the world and lead us to a brighter future.” According to Stefan Huber, Founder and CEO of Blackfort Network. “The Blackfort Network's ethos is focused on building a unified global network that transcends geographic limitations and enriches lives.” The success of BXN's nodular blockchain paves the way for exciting developments on the horizon. With its cross-chain compatibility and multi-asset support, the imminent release of BlackFort Wallet 2.0 represents a significant leap forward. BXN's 360° vision of the crypto-fiat economy becomes reality, enabling seamless asset management and transactions across different blockchains. BlackFort Exchange Network continues to push the boundaries of blockchain technology, drive innovation and transform the future of decentralized finance. About BlackFort: BlackFort is an innovative blockchain platform with all the features needed for a high-end blockchain. It is a Layer 1 blockchain with easy access to be EVM compliant, fast, scalable, secure and efficient, POSA and authoritative. Transparency is a key priority for BlackFort, ensuring that all parties in a transaction have the information they need to feel secure. This combination of features makes BlackFort an ideal platform for anyone looking to build a blockchain-based solution. #Bykaranteli# #GateioBountyCreator# #ContentStar# #BountyCreator# #GateioTurns10# #CryptoObserves# #contentcreator# # #NewsMessenger# #Hot Topic Discussion# #MyFancyCreator# #美女# #WorldEmojiDay

EIA refined oil imports in the United States for the week ending July 25

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