Thread by @Dagnum_PI

1/11 🚨 Attention developers! The new EU Data Act may impact smart contract development, but @Conste11ation $DAG offers a solution for building dApps in compliance with new regulations. Here's why you should consider Constellation for your projects. 🌐 #EUDataAct #SmartContracts

2/10 📜 The EU Data Act is not specifically aimed at the crypto industry, but it focuses on IoT data. However, it could have implications for smart contracts, which underpin DeFi infrastructure, if the scope isn't clearly defined. ⚠️ #IoT #DeFi

3/10 🔐 Article 30 of the Data Act focuses on "essential requirements regarding smart contracts for data sharing" and includes rigorous access control mechanisms, trade secret protections, and termination or interruption possibilities. 🛡️ #SmartContractRegulations

4/10 🤖 The legislation aims to optimize business models, create new values and jobs, while providing interoperability, harmonization standards, and legal certainty. However, concerns remain about restricting innovation in the crypto industry. 💼 #EURegulations

5/10 🌟 @Conste11ation $DAG offers a secure, scalable, and developer-friendly platform for building dApps in compliance with new regulations. Its HyperGraph network and state channels enable seamless data sharing and processing. 🌐 #ConstellationNetwork

6/10 💪 @Conste11ation ensures rigorous access control mechanisms and protection of trade secrets, helping developers build dApps that align with the EU Data Act's provisions while maintaining innovation and flexibility. 🚀 #Compliance

7/10 🛠️ Developers can benefit from @Conste11ation's pre-processing data pipelines using type classes, eliminating the need for complex infrastructure, reducing costs, and increasing efficiency while adhering to new regulations. ⚙️ #DataProcessing

8/10 🤔 Although the Data Act's impact on DeFi may seem marginal, it's crucial for developers to be prepared for potential future implications. @Conste11ation provides a secure, scalable, and compliant environment for smart contract development. 🌉 #FutureProof

9/10 🇪🇺 The Data Act is currently in trilogue negotiations, where each EU institution will defend its position. Developers should keep an eye on the outcomes and consider @Conste11ation for building dApps that adhere to evolving regulations. 🧐 #RegulatoryWatch

10/10 🎯 Choose @Conste11ation $DAG for your dApp development needs in the face of new EU regulations. Its secure, scalable, and developer-friendly platform ensures compliance and innovation, making it the ideal choice for the future of smart contracts. ✅ #dAppDevelopment

11/11🚀 Web3 Launchkit by @Conste11ation! Gain access in March to kickstart your #dApp journey. Web3-ify your business, navigate fundraising & minting L0 tokens with regulatory compliance.
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web3launchkit.com
#Web3 #Crypto