
Charms
195 posts

Charms
@CharmsDev
Enchant Bitcoin with your own spells 💎 ✨ Programmable apps and assets on Bitcoin powered by zkVM




Charms X @GoMaestroOrg 💎🤝🎵 Charms protocol has been integrated into Maestro Symphony - the first fully audited, open-source Bitcoin indexer. Maestro's nodes can now read Charms spells embedded in Bitcoin transactions - helping builders and wallet providers support programmable apps and assets on the Bitcoin ledger. Combined with Maestro's mempool-aware infrastructure, high-speed Bitcoin applications are also possible: Charms transactions can feel almost instant for users, before settling in a Bitcoin block. View the merged code below 🔗👇


Why can’t Circle freeze a USDC account on Cardano or block a transaction? Because USDCx on Cardano is a native asset. USDC has the same properties as ADA after minting, including storage in the ledger and transfer. A mint script can be used to mint and burn assets. For burning, the script owner needs to have assets on their own address. Once the issuer sends USDC to the recipient’s address, the recipient has full control over the assets. The transfers of assets are handled by the Cardano protocol. The issuer (script owner) has no control over the assets. The Cardano protocol handles the operations that users perform. When Alice sends USDC to Bob, the only one who validates the transaction is the Cardano network. All valid transactions will be processed. There is no way to prevent this. A third party would have to force all SPOs not to include the transaction in the block. Transfers to Cardano are safe and cheap, because it is not necessary to process a smart contract (which is computationally more intensive than just using the protocol logic). Why is it possible to block transactions and freeze an account on EVM chains like Ethereum? A smart contract is always used for the transfer of assets. So, any logic can be included. A smart contract is used for minting and transferring assets. It handles all operations with assets that users perform. This has some advantages, because the behavior of assets can be defined. I like the flexibility. It is useful for many use cases. However, control over assets can also be abused. This is exactly what Circle utilized. They inserted logic into the smart contract to blacklist an account or prevent a transaction. When Alice sends USDC to Bob, the transaction is processed by a smart contract, which is controlled by Circle. Circle is a third party that can prevent the transaction. EVM transactions can theoretically be more expensive, because it is necessary to execute a smart contract. There was an unclear situation around USDC and USDT. It was said that Circle and Tether do not want to mint stablecoins on Cardano because they want (maybe have to) retain control. Let's be happy that Pentad delivered and we have USDCx as a native asset.

Magic Eden to sunset Bitcoin and EVM marketplaces as well as discontinuing support for it's multi-chain wallet. @MagicEden is expected to make an announcement of the wind down as early as Friday, sources tell Blockspace 👇Full scoop below 👇


🚨BREAKING: Claude Code was prompted to create a better Bitcoin but it ended up copying the Cardano protocol instead.

🚀 Introducing the next batch of BitcoinFi Accelerator teams. We're excited to lead this next batch with our partners @SupernormalFDN, @DraperDragon, and @DraperVC. Sponsered by @fairmint @GoMaestroOrg @MezoNetwork @rise_pay. 7 projects pushing the boundaries of what's possible on Bitcoin 🧵👇



🚀 Introducing the next batch of BitcoinFi Accelerator teams. We're excited to lead this next batch with our partners @SupernormalFDN, @DraperDragon, and @DraperVC. Sponsered by @fairmint @GoMaestroOrg @MezoNetwork @rise_pay. 7 projects pushing the boundaries of what's possible on Bitcoin 🧵👇


Can someone explain to me how the banking the unbanked mission relates to meme coins? We should return to our roots and remember the Satoshi legacy.


$ICP >>>>>>>>>>> - 10X+ more builders than ALL Web3 - transaction activity ATH - most active crypto by GitHub commits - sovereign cloud adoption - self-writing onchain apps - cloud engines - Web3: powers Bitcoin DeFi...

$ICP >>>>>>>>>>> - 10X+ more builders than ALL Web3 - transaction activity ATH - most active crypto by GitHub commits - sovereign cloud adoption - self-writing onchain apps - cloud engines - Web3: powers Bitcoin DeFi...


