Polygon calls on EU lawmakers to address smart contracts in Data Act🔑

Polygon Labs, the core company behind the development of Ethereum layer-2 scaling solution Polygon, has called on policymakers in the European Union to “clarify the scope and intent” of legislation targeting smart contracts.

Polygon Labs proposed Article 30 under the Data Act be amended to apply to permissioned smart-contract-based-systems owned and operated by an “enterprise,” as opposed to permissionless under the current wording.

“Polygon Labs has an interest in this matter because we seek to ensure the growth and responsible development of permissionless blockchain-based systems globally,” said the letter.

Other experts have raised similar concerns with the Data Act potentially affecting the way regulators could handle smart contracts.

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Lot 1

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Lot 2

$500 contract 7,14 TH/s, 1525 days

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- Min bid step: +30 USD to the last accepted bid
- The bid is valid for 3 minutes, during which the next bid can be made
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Lot 3

$800 contract 11,43 TH/s, 1525

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- Starting price: 50 USD
- Min bid step: +30 USD to the last accepted bid
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Lot 4

$1000 contract 15 TH/s, 1525

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Lot 5

$1500 contract 22,5 TH/s, 1525

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- Starting price: 50 USD
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- If no bid is made within these three minutes, we claim "SOLD OUT" and the owner of the last bid can purchase the contract

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Bitcoin becomes best performing asset of 2023 🔝

Bitcoin has posted the strongest quarterly returns since its November 2021 all-time high. Furthermore, BTC has gained more than 80% since the beginning of the year, making it the best-performing asset of 2023 so far.

Comparatively, gold has gained just 9% in the same period, and the tech-heavy NASDAQ 100 - around 20%, the S&P 500 - just an 8.5% gain.

Glassnode concluded that several on-chain indicators are suggesting that “bear market conditions, or at least the worst of it, may now be behind us.”

The end of the Bitcoin bear market could be near as the bulls gather more pace, but don’t rule out a market correction.

💭 We want to remind you that one of ECOS INDEXes contains projects working with BTC 🤩

Now get prepared and be ready to invest in our brand new INDEXes!

Guys,

read a new article in ECOS blog

And wait for the update on ECOS Indexes today 😊😉

🏆 Guys,

It's time to find out the name of the winner of ECOS Index Activity! 👏

We had several similar scores, but the system gives the 1st place to the user who was first!

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Artificial Intellect
High Volatility
Bitcoin Spike
Rapid Growth
DeFi

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🗓 Duration: 3 days
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The launch date is around the corner! We hope you'll enjoy it 🔥
Turn on your notifications!

XRP price to rally?

Ripple Labs is dealing with the legal complication enforced by the U.S. Securities and Exchange Commission (SEC). However, its decentralised public blockchain, XRP Ledger (XRPL) is gearing up to launch its native smart contracts Hooks.

FYEO, a Web3 security auditing firm confirmed the commencement of the security assessment of the Hooks Amendment. It stated that the Hooks Amendment will enable on-ledger smart contracts which are purposely built to expand XRPL’s capabilities.

As per the Hooks amendment, it aims to provide support for native on-ledger smart contracts that are able to perform several specific functions completely based on predefined conditions.

On the market side, XRP is on a recovery rally, up by 28% over the past 30 days. At the moment XRP is trading at an average price of $0.49.

💭 We have a great announcement for you today! Turn your notifications on! 🛎