SANP DNATags(TM) To Convert Ethereum Solidity-b
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Posted On: 03/08/2021 9:34:55 AM
SANP
DNATags(TM) To Convert Ethereum Solidity-based Smart Contract To Cardano's Goguen Smart Contracts
9:05 am ET February 8, 2021 (Accesswire) Print
Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) developers of DNATagsT, along with DNAX Brands Inc (DNAX) will convert DNATagsT from Ethereum to the Cardano Goguen.
HO CHI MINH CITY, VIETNAM / ACCESSWIRE / February 8, 2021 / DNA Brands Inc. (OTC PINK
NAX) and Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) owners and developers of DNATagsT, today announces that DNATagsT will be converting its Ethereum Solidity-based Smart Contract to the Cardano Goguen Smart Contract. Santo Blockchain Labs has been developing and deploying Ethereum Solidity Smart Contracts for over 4 years now, with experience in ERC-20, ERC-721, ERC-1155 & ERC1450. The company has evaluated the long-term economics and technology benefits and has determined to move all its blockchain projects from an Ethereum to the Cardano Goguen. Unlike Ethereum, Cardano uses a mechanism that handles the tokenization natively on the ledger instead of via smart contracts, making all tokens in the Cardano blockchain follow the same logic and be inherently supported, instead of requiring the creation of layers as is the case of ERC-20 and ERC-721 tokens. This will ensures scalability, performance, and reduces transaction costs; also known as GAS Fees in the Ethereum world which lately are extraordinarily high and slowing down the transactions on the Ethereum network.
DNATagsT prime directive is the authentication of products to ensure the consumer of its authenticity, there is a secondary component that will be the coupon rewards module. Users will have the ability to earn DNARewardsT native tokens as they scan products to ensure their authenticity. These DNARewardsT will interexchange with other coupon rewards systems or can be converted to the native Cardano, ADA cryptocurrency.
Frank Yglesias of Santo Blockchain Labs, added, "We are all in when it comes to Cardano, I have been personally been following the work of the guys at Cardano since 2016 and have great admiration for Charles and his team at IOHK. Cardano is the blockchain of the future and the future is here." additionally Adrian McKenzie, CEO of DNA Brands, stated, "We are rolling out a branding, marketing, and revenue-generating roadmap to launch DNATagsT and DNARewardsT, in the weeks to come we will make public this roadmap"
DNATags(TM) To Convert Ethereum Solidity-based Smart Contract To Cardano's Goguen Smart Contracts
9:05 am ET February 8, 2021 (Accesswire) Print
Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) developers of DNATagsT, along with DNAX Brands Inc (DNAX) will convert DNATagsT from Ethereum to the Cardano Goguen.
HO CHI MINH CITY, VIETNAM / ACCESSWIRE / February 8, 2021 / DNA Brands Inc. (OTC PINK
NAX) and Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) owners and developers of DNATagsT, today announces that DNATagsT will be converting its Ethereum Solidity-based Smart Contract to the Cardano Goguen Smart Contract. Santo Blockchain Labs has been developing and deploying Ethereum Solidity Smart Contracts for over 4 years now, with experience in ERC-20, ERC-721, ERC-1155 & ERC1450. The company has evaluated the long-term economics and technology benefits and has determined to move all its blockchain projects from an Ethereum to the Cardano Goguen. Unlike Ethereum, Cardano uses a mechanism that handles the tokenization natively on the ledger instead of via smart contracts, making all tokens in the Cardano blockchain follow the same logic and be inherently supported, instead of requiring the creation of layers as is the case of ERC-20 and ERC-721 tokens. This will ensures scalability, performance, and reduces transaction costs; also known as GAS Fees in the Ethereum world which lately are extraordinarily high and slowing down the transactions on the Ethereum network. DNATagsT prime directive is the authentication of products to ensure the consumer of its authenticity, there is a secondary component that will be the coupon rewards module. Users will have the ability to earn DNARewardsT native tokens as they scan products to ensure their authenticity. These DNARewardsT will interexchange with other coupon rewards systems or can be converted to the native Cardano, ADA cryptocurrency.
Frank Yglesias of Santo Blockchain Labs, added, "We are all in when it comes to Cardano, I have been personally been following the work of the guys at Cardano since 2016 and have great admiration for Charles and his team at IOHK. Cardano is the blockchain of the future and the future is here." additionally Adrian McKenzie, CEO of DNA Brands, stated, "We are rolling out a branding, marketing, and revenue-generating roadmap to launch DNATagsT and DNARewardsT, in the weeks to come we will make public this roadmap"
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