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Chinese President Says Blockchain is a Breakthrough Technology, Expresses Optimism

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President of China, Xi Jinping, expressed his admiration and hopes for blockchain technology at a meeting with the Chinese Academy of Sciences and the Chinese Academy of Engineering.

Xi pointed out that blockchain technology, which underpins Bitcoin, has been accelerating the rate of “breakthrough applications.”

He also noted that he holds interest in other upcoming technologies, such as Artificial Intelligence, the Internet of Things and mobile communications.

These technologies singled out by the Chinese president are coincidentally the technologies which IBM has also shown interest towards. Just last week, IBM’s CEO, Virginia Rometty, announced that IBM is focusing on AI, Blockchain and IOT technologies and is hoping that these technologies will be transformative in today’s society.

No Cryptocurrencies?

China has historically been a popular place for cryptocurrency use and blockchain development. However, reports released last year have shown that China’s government is trying to stem the flow of cryptocurrencies in the country.  

Last year in September, China banned the participation and creation of so-called ‘Initial Coin Offerings’, or ICOs as they are more well-known by the cryptocurrency community.

However reports show that China has and is continually trying to stop the trading of cryptocurrencies in the country altogether, especially transactions which facilitate the transfer of Chinese Yuan to cryptocurrencies.

Many market analysts and critics find it rather odd that China heavily supports blockchain technology, but is hesitant to allow cryptocurrencies to take hold in the Chinese market. Some speculate that this is due to the fact that China’s handle on the economy would falter, as cryptocurrencies are decentralized and global technologies by nature.

Earlier this month, Huobi, one of the most Asian based exchanges, announced that they would be developing a blockchain ‘incubator’ program in Hainan Province in China. Huobi’s press release noted that this $1 billion project garnered support from the highest levels of  Chinese government, with the release specifically stating:

“It is a national-level strategy that President Xi Jinping, personally planned, personally deployed, and personally promoted.”

Huobi plans to help bolster blockchain development by providing funding, advice, resources and manpower to promising cryptocurrency startups based in China. However, Huobi also noted that this move is also being made to help strengthen China’s economy and involvement in cryptocurrency related industries.

Chinese blockchain consulting and incubator firm, Liaoyuan, was one of the first Chinese companies to hold a blockchain conference, citing that over 100 people flew from China to New York to attend Liaoyuan’s ‘Blockchain Without Borders’ conference.

Despite China’s aforementioned negative attitude towards the topic of cryptocurrencies, it has become apparent that China is planning on becoming a mainstay in growing technology-related industries.

The growth of blockchain development and interest in China shows no signs of slowing, with many analysts expecting an even larger ‘Blockchain boom’ to arrive in China in the upcoming years.

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PlayFi Announces Exclusive Node License Presale on Polygon PoS Network to Empower Gaming Innovation

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PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, today announced its plan to conduct an exclusive node license presale on Polygon PoS Network. This sale deployment on the Polygon network marks PlayFi’s entrance into the market, showcasing its commitment to integrating blockchain technology into the traditional gaming world.

“We believe that launching our node license presale on Polygon PoS points to a pivotal moment in how blockchain can play a role in creating renewed innovation in gaming,” said Franklin Mongiove, Head of Partnerships at PlayFi. “The blended vision of gaming and blockchain creates momentum where the two not only coexist, but can be used in tandem to create better gaming experiences. Our goal at PlayFi is to see cohesion among traditional gamers and game studios with web3, where instead of asking publishers to build on web3 rails, they build new layers with cutting-edge technology.”

Introducing PlayFi’s Modular Node License

As part of the presale, users on the Polygon PoS network will gain exclusive access to tier one pricing of PlayFi’s innovative modular nodes license, ahead of the tiered public sale coming later this summer. Node license holders will be eligible for rewards for helping run the PlayFi network by ingesting, validating and storing data from AAA and indie games in web2 and web3.

PlayFi will continue its synergy with the Polygon community by becoming the first zkSync hyperchain to join the AggLayer, creating innovation with cross-chain interactions for game builders and players.

The Technology Powering the Vision of PlayFi

PlayFi aims to revolutionize the gaming landscape by seamlessly integrating blockchain into gaming. Aimed at gaming enthusiasts, node runners, developers, and game studios, PlayFi facilitates a rich, web3-enhanced gaming experience without compromising the core gameplay of the world’s most popular games.

PlayFi enables features such as amateur esports, peer-to-peer competitions, and advanced marketplaces, scaling to meet the demands of over three billion gamers globally. It does this through two core components:

  • PlayChain: A secure, scalable, and cost-effective zkEVM blockchain specifically designed for the gaming industry. It facilitates fast transactions and enables innovative features for developers.
  • PlayBase: PlayBase is the AI-driven core of the PlayFi ecosystem, managing a decentralized network of nodes that process, validate, and store gaming data. It optimizes data uploading and inter-node communication through advanced AI technology, while a dual restaking mechanism using the $PLAY token secures the network and boosts participant incentives, ensuring robust network integrity and operational efficiency.

The PlayFi team is led by a 6x startup founder alongside builders who have impressive experience at Activision Blizzard, BumbleBear Games (developer of popular arcade game Killer Queen), Meta, BattleFly Game, and more.

About PlayFi

PlayFi is redefining gaming by integrating blockchain technology to enhance gameplay and community engagement. Through its cutting-edge PlayChain technology and AI-powered PlayBase network, PlayFi ensures a fast, secure, and scalable zkEVM blockchain solution, as well as optimal data processing and analysis tailored for the gaming industry. With a commitment to enhancing the gaming experience with web3, PlayFi is empowering developers, players, and studios across the globe to push the boundaries of innovation in an ever-evolving digital landscape and setting new standards in how games are played, developed, and monetized. For more information, visit playfi.ai.

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Axelar Adds Interoperability to Rollkit, Delivering Interconnectivity for Thousands of Blockchains Built With Celestia Underneath

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Axelar Interchain Amplifier’s Integration With Rollkit Streamlines the Creation of Interoperable Rollups, Making it as Simple as Developing any Smart Contract

The Axelar Foundation today announced an integration with Celestia Labs that will make multichain interoperability easy for sovereign blockchains built with Celestia’s Rollkit, the first sovereign rollup framework. This integration will advance the modular thesis, simplifying multichain development for thousands of new blockchains.

Celestia is the first modular blockchain network, envisioning a future with 1 million rollups. Scaling Web3 to this level with great user experience requires smart-contract capability at the cross-chain layer. Integration of Rollkit and Axelar Interchain Amplifier puts this capability into builders’ hands by introducing new interoperability toolkits that easily connect any new rollup across EVM, Cosmos, Bitcoin, Polkadot and beyond, via Axelar’s growing network of connected chains.

Making rollups interoperable across the wider web3 ecosystem

“Opportunities are emerging rapidly in new ecosystems – we’re not far from a future where one in four transactions will be cross-chain,” said Axelar Foundation co-founder and director Georgios Vlachos. “Celestia has laid out the modular vision for accelerating this path to scaling Web3. Axelar Interchain Amplifier will empower applications to make those transactions seamless for their users, no matter what blockchain they build on.”

Rollkit is the modular framework for creating rollups as sovereign chains. Serving as a community-led public good that empowers developers to forge independent communities around diverse applications, Rollkit provides the flexibility to deploy across a modular stack, facilitating rapid innovation.

Axelar network, the Web3 interoperability platform, is set to enhance Rollkit via the integration of Interchain Amplifier. Built on the Axelar Virtual Machine, Amplifier ​​makes new-chain integrations permissionless and easy, automating routing and translation across Axelar’s expansive network, which today numbers 60+ interconnected chains.

Interop Labs, the initial developer of Axelar network, will build the necessary smart contracts and tooling to effect the integration of Interchain Amplifier as a seamless interoperability path for builders developing on Rollkit. Any mainnet upgrades to Axelar network are subject to an on-chain vote, as are future new-chain connections that may be added via Rollkit, once the integration of Amplifier into Rollkit is complete.

About Axelar network

Axelar is the Web3 interoperability platform, delivering the shortest path to scale on an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain.

Users can learn more here: axelar.network.

About Axelar Foundation

Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability platform that serves multiple blockchain ecosystems. Users can learn more at axelar.foundation.

About Celestia

Celestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain.

About Rollkit

Rollkit is the first sovereign rollup framework that makes deploying any VM or application as its own sovereign chain as easy as rollkit start, reducing the time to launch a sovereign chain from what used to be months to seconds.

About Interop Labs

Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Users can learn more at interoplabs.io.

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Fluid Tokens Launch First Dex for Runes

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FluidTokens is proud to pioneer the first decentralized exchange (DEX) tailored specifically for Runes.

FluidTokens, a Swiss-based company, is at the forefront of transforming traditional finance through permissionless DeFi solutions. With a focus on UTXO blockchains like Bitcoin and Cardano, FluidTokens offers a diverse range of innovative financial services that empower users to leverage their assets securely and transparently.

The Runes Protocol, conceived by Casey Rodarmor, the visionary behind Ordinals, represents a significant leap forward in the Bitcoin ecosystem. Runes made their market debut on April 20, coinciding with the Bitcoin halving. The launch sparked a frenzy among investors, leading to a surge in transaction fees and record-breaking earnings for Bitcoin miners, surpassing $107 million in costs within the first week alone.

The Runes Protocol allows users to create and trade meme coins on the Bitcoin blockchain, offering alternatives to both Ordinals and the BRC-20 protocol.

FluidTokens’ DEX for Runes opens up new avenues for liquidity and trading within the Runes ecosystem, fostering a dynamic environment for investors and enthusiasts alike. By bridging the gap between traditional finance and the burgeoning world of DeFi, FluidTokens continues to lead the charge towards a more inclusive and accessible financial future.

As the leading ecosystem on both the Bitcoin and Cardano blockchains, FluidTokens is dedicated to meeting the evolving needs of the crypto community. Our platform offers a trustless and secure environment for users to access a wide array of non-custodial DeFi services, driven by community feedback and commitment to innovation.

“We’re proud to announce that we have created the first 100% permissionless lending protocol that supports Runes and Ordinals along with all the major BTC wallets. The lending protocol doesn’t need any centralised entity or layer 2 to function, thanks to our innovative BitWeave technology. We are currently working on several additional DeFi services that will run directly on Bitcoin Layer. We pride ourselves on usability of what we create and this DEX is proof of that. We’re basically giving you the experience of a Web2 exchange but permissionless,” says Matteo Coppola, CEO and Co-Founder of Fluid Tokens.

About FluidTokens

FluidTokens is the current leading ecosystem on Bitcoin and Cardano blockchains that leverages your assets to offer a world of innovative financial services. This open, trustless and secure ecosystem offers different non-custodial DeFi services for any crypto user, created following the community needs and feedback. FluidTokens is community-centric, prioritising a great user experience – listening to the community suggestions – and allowing everyone to be an active member. As the protocols are non-custodial, any user can be both a liquidity provider and a borrower! The official FluidDAO has been legally established in Switzerland, and the $FLDT token is live on MEXC and Minswap.

For more visit: https://fluidtokens.com/

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RAIR Technologies launches RAIRprotocol – Open source infrastructure for enterprise dApp development

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RAIR Technologies today announced the launch of RAIRprotocol, a fully open-source dApp protocol layer. RAIRprotocol enables the creation of scalable dApps through an open token licensing model. Smart Account, Marketplace, DRM, & NFT infrastructure all in one place. RAIRprotocol offers out-of-the-box partnerships with Alchemy and Web3Auth, as well as integrations for Filebase, Google Cloud, Hashicorp, MongoDB Atlas, Coingecko, and many more. For the first time, 88+ documented API endpoints are available for enterprises to deploy via a novel open-source token licensing model.

“One of the main reasons Web3 isn’t growing and expanding beyond Web2 is because every Web3 startup wants to be Google. To succeed, Web3 must adhere to its foundational principles: decentralization, transparency, and community involvement,” said Ed Prado, CEO of RAIR Technologies. “Large enterprises can minimize risk and gain a strategic advantage by integrating directly with our code.”

The RAIR open-source codebase represents four years and $3mm+ of proprietary development. Developers have the flexibility to utilize RAIR Technologies and RAIRprotocol together or independently, tailoring their approach to suit their specific project requirements. The 6 launch open-source microservices services include:

  • RAIRsolidity: Granular onchain NFT minting, royalty, resale, fungible token credit, and marketplace logic via ERC2535 upgradeable diamond multi-proxy contracts
  • RAIRnode: A backend to create modular API endpoints and scalable off chain cloud infrastructure.
  • RAIRfrontend: Deploying customizable mobile-first NFT marketplace frontends
  • RAIRstream: DRM-protected content with a full FFmpeg encoder/transcoder
  • RAIRsync: Specify all smart contract addresses to sync via Alchemy syncing engine
  • RAIRinfra: Full open-sourcing of RAIR cloud infrastructure tooling including Kubernetes and terraform workflows

The RAIR open token license, inspired by the Apache 2.0 methodology, requires that an NFT license be included inside the NOTICE file of derivative works. This means that any projects based on or derived from RAIR’s open-source code must include a specific NFT license notice to maintain compliance with the licensing terms.

“With RAIRprotocol, developers can build onchain starting with a fully working box. It takes years and millions of dollars to build production grade dApps. By starting with a working opensource dApp, we can 10x the speed new developers onboard to Web3.” said Garrett Minks, CTO of RAIR Technologies.

The RAIRprotocol has been in active development since 2019 as an investor-backed, heretofore proprietary enterprise SaaS product. To learn about the RAIRprotocol and RAIR Technologies’ full suite of now open-source Web3 software, please visit https://rairprotocol.org/.

ABOUT RAIR TECH

RAIR Technologies enables enterprises to seamlessly navigate asset creation, DRM security, royalty tracking, and marketplace trade and execution within a secure white-label environment. RAIR is driving innovation with its open-source RAIRprotocol. RAIRprotocol fosters scalability and innovation through a distinctive token licensing model that allows full access to the underlying RAIR Technologies source code.

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Chronicle Oracles Arrive on zkSync

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Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle, is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem.

Chronicle has launched on zkSync Era with its core Oracles, BTC/USD and ETH/USD, with more price feeds such as USDT/USD, USDC/USD, and WSTETH to follow.

“Together, Chronicle and zkSync combine the resilience of verifiable, gas-optimized, decentralized Oracles with the security and scalability of zk rollups, helping builders launch and serve their users on high integrity foundational infrastructure,” said Jennifer Senhaji, Head of BD & Growth at Chronicle.

Scribe tackles the underlying engineering problem behind the high cost of operating Oracles. The result is an Oracle that costs up to 6x less than Chainlink to update and 3.5x less than Pyth (on L1 and L2). This was achieved using Schnorr signatures – to read more about that, users can check out this research report by Token Terminal.

With Scribe’s arrival on zkSync Era, builders will immediately gain access to these huge cost-saving benefits without compromising on the security, resilience, or decentralization of the Oracle network.

Values aligned

Chronicle was the first Oracle on Ethereum back in 2017. It has long been a proponent of the “Ethereum approach”. Therefore, preserving its foundational values—freedom, self-sovereignty, and decentralization—values that both Chronicle and zkSync are built on—makes this integration a perfect fit in more ways than one. Chronicle is delighted to build together with those on the zkSync ecosystem.

The TL;DR on Scribe

Choosing an Oracle to secure a protocol and its TVL is the most important consideration of them all. With that in mind, Chronicle Protocol has prepared a short rundown of the questions every Oracle user should have definitive, verifiable answers to and how Scribe stacks up:

Where does the data come from?

Chronicle Scribe displays every data source in real-time and historically via The Chronicle, its on-chain dashboard. Users can pick an Oracle, choose a time and date on the graph, and click the drop-down arrow on any validator to see which exchanges were queried for the price data.

Oracle providers that use low volume and low liquidity exchanges or liquidity pools for data sources are the reason behind most DeFi protocol attacks. Every Oracle protocol should provide complete data source transparency to their users, and in a cryptographically verifiable way – not merely through words and images. Users are encouraged to seek verification rather than relyingsolely on trust.

How many validators or signers does the protocol have?

At Chronicle, protocol actors are referred to as validators. Other providers might call them signers or Oracles. These actors operate the nodes within the protocol that attest to the integrity of the reported data, such as the price of BTC/USD at a specific time.

This is how to establish truth in an Oracle network. Enough of these nodes must report back with the requested data to develop a consensus. However, if a bad actor can gain control of the majority of these nodes, they can manipulate the reported data. Therefore, the more validators or nodes an Oracle protocol has and the more distributed (or decentralized) they are, the more secure it is from being hacked.

Using The Chronicle, anyone can see who Chronicle Protocol’s validators are, which cryptocurrency pairs or Oracles they are sourcing data for, and when their reported data was last updated.

Scribe is the first Oracle design to pioneer the use of Schnorr signatures. This allows Chronicle Protocol to scale to an unlimited number of validators. No other Oracle protocol can achieve this as they all use an implementation of ECDSA that has a linear relationship between the number of validators and the cost of operating the Oracle.

Oracle networks constructed in this way must keep validator or signer numbers low to maintain a lower operating cost, sacrificing better security and decentralization.

Who are the protocol validators or signers

Knowing the identity of the validators is just as important as the total number. This is because an actor running a node can report any data they please. For example, they could have the node report that BTC is worth $10,000 when the market value is $40,000, creating an attack vector and draining the DeFi protocol the Oracle ‘secures.’

Therefore, decentralized and distributed nodes should be at the top of your Oracle provider shopping list unless you want your Oracle provider to have the power to drain your project. Right now, more than one Oracle provider runs all or the majority of its protocol’s nodes themselves, securing millions of dollars of TVL. Nothing stops them from draining your project if they get compromised. This is the risk of using a centralized Oracle.

At Chronicle, all of our validators are distributed and identifiable, and many are operated by well-known brands with a good reputation and track record—projects such as MakerDAO, Infura, Gnosis, Gitcoin, Etherscan, and DeFi Saver. Our goal is to create a validator community of some of the most used protocols in the space, creating a positive feedback loop of increasing security and decentralization.

What does it cost to operate the Oracles?

Oracles are very gas-hungry. For example, every time the BTC/USD Oracle (or Feed) updates to the latest price, this has a gas cost as it is required to post the result on-chain. Regardless of L1 or L2, the more updates, the more cost, and the Oracle provider shoulders that cost. Therefore, many Oracle providers look to update the data less frequently. This creates stale data and opens up opportunities for arbitrage, with both the Dapp and the user of the Dapp losing out.

With Scribe, we have tackled the underlying engineering problem behind the high cost of operating Oracles. The result is an Oracle that costs up to 6x less than Chainlink to update and 3.5x less than Pyth (on L1 and L2). This was achieved using Schnorr signatures – to read more about that, check out this research report by Token Terminal.

About Chronicle Protocol

Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracle networks. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.

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Radix does what other blockchains can’t: help cut CO2 in tourism

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Radix, a full-stack solution for Web3 and DeFi, is being used to build a cutting-edge prototype for a blockchain-based system that reduces the carbon footprint of global tourism — after being identified as the only network with the infrastructure needed to make the project a success.

Researchers developing the Carbon Tokenomics Model, which was unveiled on stage at COP28 as a revolutionary approach to tackling climate change, tested multiple blockchains in their search for a platform that was scalable enough to cope with the demands of the multibillion-dollar travel industry.

High transaction fees and slow confirmation times meant many of the world’s best-known chains were deemed unsuitable by the Surrey Academy for Blockchain and Metaverse Applications (SABMA) — except Radix, which boasts a unique consensus mechanism that can accommodate billions of users.

Speaking on stage at ITB Berlin, the world’s largest tourism trade fair, Eduard Goean, Visiting Professor at the University of Surrey, said: “We are building a prototype to prove that what we are saying could become reality. In order to make this, we have a partnership with the only blockchain company that we think in this moment is suitable for the visitor economy and the tourism industry. Why Radix? Because we analyzed the atomic composability and scalability of the blockchain.”

Tourism currently accounts for about 11% of global greenhouse gas emissions — equivalent to about 5.4 billion tonnes of CO2 — and there are fears that this figure could double by 2050 unless urgent action is taken. The goal of the Carbon Tokenomics Model is to help businesses and organizations across the visitor economy accurately measure their footprint, and take steps to mitigate it.

The efficiency of existing offsetting solutions has been difficult to assess, especially in the voluntary carbon market. Although such credits can enable businesses, including airlines to diminish the environmental impact of their operations, some schemes have faced criticism for over-representing the reduction of CO2 emissions they cause.

Full transparency on the blockchain has the potential to give the tourism and hospitality trade confidence that they’re making a difference — and having a positive environmental impact. Some of the research being carried out by the University of Surrey is being partly funded by the U.K. government through a Knowledge Transfer Partnership, offering a vote of confidence into the importance and credibility of this project.

A detailed research paper on the mechanics of the Carbon Tokenomics Model is due to be published in the coming months, with Radix founder Dan Hughes now working with SABMA on bringing this concept to life.

Hughes said: “Radix’s Cerberus consensus mechanism followed eight years of hard work, and it’s now paying off. Our infrastructure is now being recognized in the business world as technologically superior to other blockchains — finally giving entrepreneurs the tools they need to bring ambitious ideas to market. I’m proud that Radix is playing its part in the battle against climate change, which is one of the most pressing issues our world faces right now. Our involvement with the Carbon Tokenomics Model and the future-forward team at SABMA shows the use cases for Radix extend far beyond DeFi and crypto.”

About Radix

Radix is the only full-stack, Layer 1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. For developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit radixdlt.com.

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Gora Network expands ecosystem with GORA launch on ERC-20

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Gora Network, the leading multichain oracle network built on Algorand, is announcing the official launch of its native token, GORA, on the Ethereum Virtual Machine (EVM) via the ERC-20 standard. This strategic expansion unlocks new possibilities for the Gora ecosystem by fostering wider user adoption and increased liquidity across the DeFi landscape.

Enhanced accessibility and interoperability

The launch of GORA in ERC-20 marks a significant milestone in the expansion strategy of Gora Network’s EVM roadmap, complemented by the RociFi merger and the integration of Gora oracle on EVM networks. Developers can now explore Solidity code examples for data requests and off-chain computations in Gora, empowering them to create sophisticated dApps beyond simple price feeds.

The launch of the ERC20 comes after adding testnet support for #EVM-based protocols, and is one more step in Gora’s Multichain expansion roadmap.As Gora continues to evolve, it aims to revolutionize the space and empower developers to build the next generation of blockchain applications.

Benefits for the Gora community

With GORA now available on ERC-20, the Gora community can expect a range of advantages:

  • Increased liquidity: Listing on a prominent platform like ERC-20 provides access to a broader user base, potentially leading to increased trading volume and liquidity for GORA.
  • Enhanced utility: Users can now leverage GORA across a wider range of DeFi applications and services built on the EVM chain.
  • Trading opportunities: By becoming an ERC-20 token, the GORA token gains access to a broader pool of liquidity on Ethereum-based decentralized exchanges (DEXs) and liquidity pools. This increased liquidity enhances the trading experience for GORA token holders, providing them with greater flexibility and efficiency in executing trades and managing their portfolios.

A stepping stone for growth

The integration of the GORA token as an ERC-20 asset underscores Gora Network’s commitment to innovation and growth within the decentralized finance landscape. By embracing interoperability and expanding its presence across multiple blockchain networks, Gora Network is poised to unlock new opportunities for decentralized applications, developers, and users worldwide.

This paves the way for GORA integration into a myriad of decentralized applications (DApps) and smart contracts deployed on the Ethereum blockchain. Developers and projects within the Ethereum ecosystem will leverage the power of Gora Network’s oracle solutions and decentralized data feeds, powered by the GORA token, to enhance the security, reliability, and functionality of their applications.

“The launch of GORA on ERC-20 marks a significant milestone for Gora Network, opening doors to a broader ecosystem of DeFi innovation and interoperability. This integration not only enhances accessibility but also solidifies our commitment to democratizing access to reliable data feeds across multiple blockchain platforms, said Abdul Osman, CEO and Founder of Gora Network.”

The launch of GORA on ERC-20 marks a pivotal moment in Gora Network’s journey. It signifies not only the expansion of its reach but also the unwavering commitment to building a future-proof oracle infrastructure for the ever-evolving DeFi landscape. By fostering interoperability, embracing innovation, and empowering developers, Gora Network is poised to play a vital role in shaping a more secure and accessible DeFi future.

Empowering developers: Unveiling new tools and resources

Gora Network remains dedicated to supporting developers in building the next generation of DeFi applications. As part of this commitment, Gora is releasing a comprehensive set of developer tools, including solidity code examples for data requests and off-chain computations. These resources will simplify the integration of Gora’s oracles into dApps built on the Ethereum ecosystem, ensuring a seamless and efficient development experience.

Beyond its EVM expansion, Gora Network is actively exploring the potential of Machine Learning (ML) and Artificial Intelligence (AI) to bolster the security and reliability of its oracle solutions. By embracing AI/ML, Gora aims to push the boundaries of oracle technology and contribute to the creation of a more secure and trustworthy DeFi ecosystem.

About Gora Network

Gora Network is a multichain oracle network built on Algorand, providing secure and reliable data feeds for DeFi applications. Gora leverages innovative cryptographic techniques and a decentralized oracle network to ensure data integrity and uptime. Through its GORA token, Gora empowers its community to participate in network security, governance and benefit from its growth.

Join the Gora community

For detailed updates regarding the deployment of the GORA token on ERC-20, ( listing, DEXs, CEXs, etc ) , stay tuned to Gora’s social media channels and community forums for the latest news and announcements.

Website: www.gora.io
Twitter: https://twitter.com/GoraNetwork
Discord: https://discord.com/invite/Pe8rwyPvKp
Medium: https://goranetwork.medium.com/
Telegram: https://t.me/GoraNetwork

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Xai Foundation Launches Nodes on Nirvana Cloud, Ushering In a New Era of Layer 3 Scalability and Cutting Edge Web3 Cloud Computing for Gaming

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In partnership with Nirvana Cloud, Xai Foundation today announced the public launch of Xai RPC nodes to support Xai, the gaming blockchain that will enable real economies in the next generation of gaming. The Xai Foundation has deployed mainnet RPC nodes on Nirvana Cloud, which are available for developers via the Nirvana Labs developer platform.

Available today, the RPC nodes are deployed in five of Nirvana Cloud’s global regions including North America, Central Europe, Central Asia, and Southeast Asia. With Xai deploying on Nirvana Cloud’s global bare metal cloud in five distinct regions, users are guaranteed the strongest uptime, lowest latency, and lowest cost per requests (CPR) for their blockchain data needs. Current Xai ecosystem partners and builders including Camelot DEX, Dora, Goldsky, and Supra Oracles are operational on the nodes.

Soby, a core contributor to Xai, commented on today’s news: “This collaboration ensures that game developers building on Xai have access to the most reliable and cost-effective infrastructure needed to power their games. Nirvana Cloud’s global reach and bare metal technology guarantee the low latency and high uptime crucial for a seamless gaming experience. This is a significant step forward in empowering developers and fostering a thriving ecosystem for the future of blockchain-native gaming.”

The Xai nodes have been launched on bare metal deployment, with improved cost, global distribution, speed, and reliability for Xai game developers, delivering a better user experience for their end users. Nirvana RPC nodes deliver creators powerful tools such as auto-scaling and provisioning of cloud resources to handle the most demanding web3 use cases, as well as auto-routing to the nearest node, so developers can focus solely on the projects they are building.

Dan Burke, CEO of Nirvana Labs, added: “Nirvana and Xai are coming together to solve a critical component of next-gen gaming with the newest in web3 tooling. We are ushering in a new era of blockchain infrastructure and usability with the latest in layer 3 scalability and cutting edge web3 cloud computing to bring high performance and cost optimized cloud infrastructure to the gaming industry. We are proud today to be first to market with Xai mainnet nodes deployed globally on Nirvana’s bare metal cloud.”

Nirvana Labs, by utilizing its own proprietary bare metal cloud purpose built for web3 workloads, differentiates itself in three core areas versus traditional web2 providers and blockchain infrastructure providers reliant on web2 cloud providers: scalability and cost management, availability and latency, and through the comprehensive support and resources provided to clients.

Tailored specifically for gaming, the Xai blockchain offers traditional gamers an abstracted wallet and account experience, provides developers with increased gas and contract limits, and establishes a fully decentralized ecosystem that fosters trust and transparency for all participants.

About Xai Games

Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

About Nirvana Cloud

Nirvana Cloud is purpose built for the distinct workload characteristics of web3, emphasizing high CPU clock speeds, low RAM latency, and low storage latency which are starkly different from conventional web2 general-purpose tasks. Nirvana’s cloud architecture is built with key objectives and metrics desirable for web3 firms: low latency and high throughput, resource cost optimization, CPU / RAM scalability and customizations, resilience and reliability, security and privacy, governance and sovereignty, and web3 focused tooling and customer support.

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XION Pioneers User-Friendly Blockchain Solutions with Latest Chain Abstraction Release

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XION, the first blockchain purpose-built for mainstream adoption, today launched its user-friendly Chain Abstraction solution. XION’s Chain Abstraction combines XION’s ease-of-use with seamless composability of users, apps, and liquidity across connected blockchains, beginning today with Injective.

XION aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities. Through familiar Web2 methods like email, users can seamlessly interact with XION applications across all devices, including desktop and mobile. Users can also enjoy a frictionless experience reminiscent of traditional Web2 platforms without the concerns associated with blockchain technology, such as gas fees. Today’s Chain Abstraction launch serves as an extension of these functionalities to other connected blockchain ecosystems.

“Just like the internet, users shouldn’t need to know which infrastructure applications they are using are built on. All that matters is that it works,” said Burnt Banksy, a core contributor to XION. He added, “We’re proud to launch Chain Abstraction as it vastly accelerates XION’s impact in making Web3 accessible to all users.”

Previously, cross-chain usability has been notoriously difficult for users to navigate and has resulted in fragmentation across ecosystems. However, with Chain Abstraction, XION aims to reshape the historically competitive nature of L1s – who typically fight for users, liquidity, and developers – to enable mainstream adoption. Through the inaugural integration with Injective, users can utilize Talis with their XION account, without needing to grapple with complexities such as cross-chain bridging, browser plugins, seed phrases, gas fees, and transaction signing.

XION will progressively roll out its user-friendly Chain Abstraction to many more ecosystems. Interested users can try XION’s Chain Abstraction on testnet today.

About XION

XION is the first layer one blockchain purpose-built for consumer adoption through crypto abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has previously raised over $32M from top-tier investors, including Animoca, Circle Ventures, Multicoin, Draper Dragon, Spartan, and more.

To learn more about XION, follow @burnt_xion on Twitter, or visit xion.burnt.com.

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Blockchain

Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry

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Saakuru announced some recently reached milestones in its development, which put it at the forefront of the gasless blockchain revolution currently disrupting the industry. The consumer-centric L2 protocol entered the top 5 brands in its niche within 9 months of launch. Moreover, according to data from DappRadar, it records over 1.44 million/week.

Saakuru is preparing for the official launch of its Saakuru token ($SKR) before the end of April. The project also successfully raised $2.4 million in an oversubscribed private funding round to develop its protocol.

The Saakuru Protocol is an up-and-coming proponent of gasless technology, considered by many an accelerator of Web3 adoption into the mainstream. Its mission is to improve the user experience for both developers and end users and drastically reduce costs. These enhancements should forever change the blockchain landscape, enabling the development of more versatile decentralized applications boasting higher security standards, cost-effectiveness, and ease of use.

As of 2024, blockchain technology is stagnating and used mainly for crypto trading. Also, the broadly adopted Ethereum model, based on gas fees fluctuating depending on network use, can lead to high costs and a disappointing user experience. Lastly, most blockchain networks face significant security issues, deterring new users from onboarding promising projects.

Saakuru has developed a public-permission, gas-less L2 blockchain powered by Oasys High-Speed Optimistic Rollups. The network’s design eliminates gas fees, significantly improves user experience, and proposes new tokenomics models. For instance, it enables the easy creation and execution of token contracts, including features like vesting, staking, data tracking, and management. This approach differs significantly from most layer-2 blockchain networks, which rely primarily on governance tokens.

The Saakuru token is a multi-purpose token ensuring utility and governance for the Saakuru Protocol. It uses an advanced burning mechanism to gradually reduce its supply while potentially increasing its value. The token is involved in all the operative layers of the Saakuru protocol:

  • Developer Layer—Also known as Saakuru Labs, this feature provides several products and services with proprietary business models. The system burns the token with 10% of the profit.
  • DeFi Layer — This feature is facilitated by Taffy DEX technology, and 0.005% of every fee collected from on-chain and cross-chain transactions throughout the Taffy DEX protocol is converted to SKR tokens and burned.
  • Governance Layer — SKR token holders can use their tokens to participate in the protocol’s governance model. Moreover, 5% of the tokens used to initiate the review process are burned.
  • Protection Layer — The SKR token is burned if the SKR token protection mechanism is triggered, and 3% of saved tokens will be burned.

The Saakuru team believes the protocol’s gas-less operations will drive quick and consistent adoption of the SKR token. Moreover, developers can stake their SKR tokens to refill their credit balances monthly and drive the ecosystem’s growth.

Another aspect that should increase demand for gas-less blockchain networks like Saakuru is the outdated properties of the currently available external wallet model. The Saakuru team believes developers and users will soon adopt the embeddable model, defined by increased security and numerous configurable features in any mobile app in one day. This type of wallet can provide a better, user-friendlier experience without reducing security.

The Saakuru protocol will also feature prebuilt, easy-to-launch modules for basic Web3 interoperability functions, such as smart contract event tracking and interaction APIs. It will also have an NFTs CRM and zkNFTs verification layer, allowing businesses to integrate Web3 technologies seamlessly into their operations.

About Saakuru

Saakuru takes a new, innovative approach to Web3 and proposes a blockchain that doesn’t charge gas fees, maintains stability through top security practices, and fosters new projects, applications, and ideas. To this end, the team launched the Saakuru Developer Suite, a comprehensive toolset that includes libraries and APIs and enables developers to create applications faster.

The development team behind Saakuru has more than ten years of experience making Web2 products and six years of experience in Web3 applications, both from the developer’s and business sides. Their experience enabled them to discover the primary issues of decentralized production that prevented them from reaching mainstream use.

Saakuru benefits from increasing support from the industry, including prominent educators on blockchain technology, such as Ivan on Tech, an angel investor in the Saakuru Protocol.

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