Analysis Crypto by Thebittimes.Com

The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain. Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem. The news was announced by IOHK — a blockchain engineering company founded by Charles Hoskinson and now known as IOG — on Jan.12, which also attached the official technical documentation for the sidechain toolkit. ️ The #Cardano sidechain toolkit was previewed at #IOScotFest, and we’re happy to share the first iteration is out now. Here’s the lowdown on this exciting new project! https://t.co/Ny9tQuJh5K — Input Output (@InputOutputHK) January 12, 2023 IOG Developers have already used the toolkit to construct an Ethereum Virtual Machine (EVM)-compatible side chain public testnet a...

Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from. As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations.  Digital currencies have often been mentioned as an avenue for those subject to Sanctions to divert them, such as in the recent case of Russia. In such instances, exchanges and other industry players need to understand where they stand compliance-wise.  Research out of Harvard even suggested that central banks can use Bitcoin (BTC) to fight off sanctions. Speaking to Cointelegraph's managing editor Alex Cohen at the Israel Crypto Conference, Chainalysis head of Sanctions Andrew Fierman said Sanctions are nuanced depending on the many factors which surround the situation. “When you’re looking at countries like Iran and North Korea, from a US perspective, crypto has in fact been comprehensively sanctioned...