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\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will \"invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.\" states KuCoin's press release<\/a>.<\/p>\n\n\n\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Singapore-based cryptocurrency exchange KuCoin<\/a> has announced the launch of a $100M creator fund to support and incubate the growth of early-stage NFT projects from arts to sports.<\/p>\n\n\n\n

The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will \"invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.\" states KuCoin's press release<\/a>.<\/p>\n\n\n\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

<\/p>\n","post_title":"Australia To Launch Its First Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australia-to-launch-its-first-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:16","post_modified_gmt":"2023-04-10 14:21:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4446","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4434,"post_author":"1","post_date":"2022-04-19 22:33:12","post_date_gmt":"2022-04-19 12:33:12","post_content":"\n

Singapore-based cryptocurrency exchange KuCoin<\/a> has announced the launch of a $100M creator fund to support and incubate the growth of early-stage NFT projects from arts to sports.<\/p>\n\n\n\n

The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will \"invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.\" states KuCoin's press release<\/a>.<\/p>\n\n\n\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4430,"post_author":"1","post_date":"2022-04-19 20:18:48","post_date_gmt":"2022-04-19 10:18:48","post_content":"\n

Ethereum-based Atari Token ($ATRI<\/a>) has plummeted by over 30% and is down over 98% from its peak price.<\/p>\n\n\n\n

The sudden drop comes after news that Atari has cut links with the Atari token after terminating their partnership with ICICB Group. ICICB and Atari teamed up to launch Atari Chain<\/a> as well as the token which was meant to be used at Atari branded hotels and casinos around the world. The Atari token was intended to act as a reference for other tokens within the entertainment industry.<\/p>\n\n\n\n

Atari stated<\/a> that the reason for the falling out was because \"the licensing arrangement we had for the Joint Venture did not give us enough control over how the ATRI Token was managed, or enough say in charting its future.\" Atari believes that blockchain will have a meaningful role in their business and they feel it requires them to \"directly issue and manage any token that has our name on it.\"<\/p>\n\n\n\n

Atari has disclaimed any relation to the joint venture and that all whitepapers and social media channels should not be relied upon for guidance or information as they're unlicensed.<\/p>\n\n\n\n

Compensation For $ATRI Token<\/h2>\n\n\n\n

Atari insists it \"remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space.\"<\/p>\n\n\n\n

In compensation for holders of the Atari token, \"Atari does plan to issue a new branded token...issued directly by Atari...with a focus on gaming, community, and utility.\"<\/p>\n\n\n\n

Atari states that \"the new token will play an important role within our blockchain ecosystem.\"<\/p>\n\n\n\n

All users who held the Atari token prior to April 18th, 2022 at 6:00PM CET will be able to exchange the exact amount of tokens you had. A snapshot of all holders has already been taken and it is expected by Atari to take 3-4 months for the new token to launch.<\/p>\n\n\n\n

Atari mentions that the best place to keep up to date on any new announcements is through their social media channels.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Atari token is trading at $0.012474 USD, it is down 30.86% in the last 24 hours according to price data from CoinMarketCap.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n","post_title":"Shock Announcement Sends Atari Token $ATRI Plummeting 30%","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shock-announcement-sends-atari-token-atri-plummeting-30","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:58","post_modified_gmt":"2023-04-30 11:36:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4418,"post_author":"1","post_date":"2022-04-19 00:06:30","post_date_gmt":"2022-04-18 14:06:30","post_content":"\n

What Are Smart Contracts?<\/h2>\n\n\n\n

A smart contract is a set of agreements stored within a database that runs when pre-determined conditions are met.<\/p>\n\n\n\n

Smart contracts automate the execution of an agreement so both parties can verify the outcome through the open-source nature of the contract. This eliminates the need for trust within a centralized entity.<\/p>\n\n\n\n

How Do Smart Contracts Work?<\/h2>\n\n\n\n

Smart contracts simply work by if 'x' then 'y'<\/em> statements encoded within the agreement. Once the pre-determined conditions stated within the if 'x'<\/em> are met and verified, the then 'y' <\/em>outcome is executed automatically by a network of computers called nodes<\/a>. <\/p>\n\n\n\n

The data used by smart contracts to verify when conditions are met is often provided by the smart contract itself, other smart contracts or data sources known as oracles.<\/p>\n\n\n\n

The term 'Smart Contracts' was first coined as a computerized transaction protocol that executes the terms of a contract by cryptographer Nick Szabo in 1994.((Nick Szabo - Smart Contracts<\/a>))<\/p>\n\n\n\n

Szabo compared smart contracts to vending machines in their automated performance.((Nick Szabo - The idea of Smart Contracts<\/a>)) You select your drink and then put $2 in the machine which once it verifies the money, will dispense your drink.<\/p>\n\n\n\n

Are Smart Contracts Safe?<\/h2>\n\n\n\n

Smart contracts utilize various encryption and security tools to ensure their safety such as HTTPS and SSL certificates.((CoinMarketCap - What Is A Smart Contract?<\/a>)) Third-party audits of the open-source code are another common security feature of smart contracts, although this does put reliance in a third-party.<\/p>\n\n\n\n

Once a smart contract is launched onto a blockchain, it becomes immutable in the sense that it cannot be changed at all. Once the conditions are verified there is no way they can change.<\/p>\n\n\n\n

Although this also does bring up the risk that if there was something wrong with the code it cannot be fixed. Hacks have run rampant in various dApps as hackers have been able to scope an open-source contract for potential weakness.<\/p>\n\n\n\n

The open-source nature of smart contracts is very important as independent audits look for these potential errors prior to and after launch.<\/p>\n\n\n\n

Applications Of Smart Contracts<\/h2>\n\n\n\n

Smart contracts are the basis of decentralized finance<\/a> (DeFi) protocols and are used to power various decentralized application<\/a>s (dApps). Dapps utilize various smart contracts to perform elaborate functions or provide a user-friendly interface over an existing smart contract.<\/p>\n\n\n\n

Smart contracts have found their place so far within the DeFi ecosystem through the trading, investing, lending, and borrowing of funds.<\/p>\n\n\n\n

There are countless proposed applications for smart contracts such as bonds, property rights, supply chains, and anywhere where an agreement is needed between 2 or more parties.<\/p>\n\n\n\n

Can Smart Contracts Work Without Blockchain?<\/h2>\n\n\n\n

Smart contracts as defined by Szabo are a computerized transaction protocol that executes the terms of a contract, so if a database has a self-executing trigger then it may exist off-chain. <\/p>\n\n\n\n

Although, existing off-chain can put control back into a centralized entity, which smart contracts aim to eliminate. Therefore, smart contracts are often utilized by the immutability of a blockchain.<\/p>\n\n\n\n

Can Smart Contracts Be Legally Binding?<\/h2>\n\n\n\n

Havard law describes that as long as smart contracts follow the law around contractual agreements, they're enforceable by the law, deeming that code-only smart contracts will be enforceable under a state's law governing contracts.((Havard Law School - An Introduction to Smart Contracts and Their Potential and Inherent Limitations<\/a>))<\/p>\n","post_title":"Smart Contracts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"smart-contracts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-07-06 21:08:01","post_modified_gmt":"2022-07-06 11:08:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4391,"post_author":"1","post_date":"2022-04-18 17:22:07","post_date_gmt":"2022-04-18 07:22:07","post_content":"\n

Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being 'unenforceable'. <\/p>\n\n\n\n

A recent court filing<\/a> from the northern district of California covers if Coinbase's arbitration agreement within their terms of service is \"overly harsh or one-sided\".<\/p>\n\n\n\n

The plaintiff Abraham Bielski claims \"the arbitration agreement is unconscionable because it lacks even a modicum of bilaterality\" because \u201cunder California law, a contract provision is unenforceable if it was unconscionable at the time it was made.\"<\/p>\n\n\n\n

Additionally, \"Bielski does not contest that he agreed to be bound by the Coinbase user agreement in effect when he signed up for his user account\", as this is not the main issue.<\/p>\n\n\n\n

Bielski was targeted by a scammer in 2021 soon after the creation of his account. The scammer claimed to be a PayPal representative and Bielski granted the individual remote access to his account which in turn allowed the scammer to move over $31,000 out of his wallet. After a \"customer-service nightmare\" trying to contact Coinbase, Bielski received nothing but automated responses.<\/p>\n\n\n\n

Bielski \"seeks to represent a class of similarly situated individuals with claims against Coinbase\". Court documents<\/a> from April 8th describe Coinbase moving to oblige with the arbitration, despite this, the motion was denied by Judge William Alsup because the \"broader arbitration provision is unconscionable\".<\/p>\n","post_title":"Coinbase's Class-Action Lawsuit Against Their One-Sided Policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"coinbases-class-action-lawsuit-against-their-one-sided-policies","to_ping":"","pinged":"","post_modified":"2022-04-18 17:24:01","post_modified_gmt":"2022-04-18 07:24:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n