PRESS RELEASE. [Singapore, April 12th 2024] Yala, a liquidity and stablecoin protocol, is excited to unveil its new vision for the future “to create a thriving, open ecosystem that unlocks the full potential of DeFi on Bitcoin”. This ambition reflects Yala’s dedication to catalyzing mass adoption of decentralized finance on the world’s most resilient blockchain, […]
Bitcoin News
Xuirin Finance Set to Revolutionize DeFi With KYC-Free Debit Cards, P2P Lending and Much More
Looking to get involved with a platform that can change the face of decentralized finance forever? Xuirin Finance is revolutionizing the DeFi landscape through its innovative offerings like KYC-free debit cards, P2P lending, and so much more. Supporters can take part in the first stage of its presale right now. Xuirin Finance to Offer Futuristic […]
Bitcoin News
LBank Labs Invests in Versatus to Revolutionize Web3 Development
PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1% build for Web3. And out of those few, most leave within a […]
Bitcoin News
Wormhole and AMD Forge Alliance to Revolutionize Blockchain Interoperability
On Wednesday, the blockchain interoperability platform Wormhole revealed it is collaborating with the American multinational semiconductor company AMD (Advanced Micro Devices). Wormhole plans to utilize AMD’s Field Programmable Gate Array (FPGA) technology in order to bolster cross-chain communication and multi-chain scalability. AMD’s FPGA Tech to Power Wormhole’s Interoperability Ambitions Wormhole, an interoperability platform for blockchains, […]
Bitcoin News
Querio: The Daring Upstart on a Mission to Revolutionize Decentralized Search
PRESS RELEASE. Imagine a new internet era with Querio, an ambitious decentralized search engine revolutionizing Web3 exploration. With lightning speed, pinpoint accuracy, and unwavering privacy, Querio serves as a portal to the decentralized technology universe, challenging the status quo and prioritizing user-centric discovery, setting the stage for a blockchain innovation-powered future.
The Driving Forces Behind This Maverick
The story of Querio began in early 2023 at CrossChain Labs, a dynamic startup led by Andreea and George, two forward-thinkers, former ConsenSys employees with a wealth of experience in cutting-edge blockchain ecosystem. They founded CrossChain Labs and collaborated with prominent blockchain platforms such as Near Protocol, Filecoin, Dfinity, Stellar, Fantom, and Polkadot.
During a pivotal meeting at ICP.lab Business Booster, a significant gap in the market was identified: the absence of a dedicated on-chain Web3 search engine for exploring diverse dApps across various blockchains.
Driven by their unwavering belief, Andreea and George embarked on a bold mission in early 2023 to create Querio. They launched Querio as a fully functional Web3 search engine in May 2023, a remarkable achievement made possible through self-funded efforts and determination.
What Makes Querio Different: Core Features and Technical Capabilities
Even in its initial release, Querio introduced several core features that redefined the user experience:
- Multi-Blockchain Support: Starting with Internet Computer, Ethereum, Stellar, and NEAR Protocol, Querio offers the flexibility to explore decentralized applications across a diverse range of blockchain networks.
- Transparency: Querio displays the number of search results returned and the duration of each search, offering transparency and insights into its performance.
- Multi-Word Searches: Unlike traditional single-keyword searches, Querio allows users to enter multiple words for more precise and relevant results.
- User-Friendly Design: dApp logos alongside results make it easy for users to identify the source of information. Autocomplete suggestions and summarized content snippets optimize search efficiency.
- Smart Ranking Algorithm: The search engine leverages a proprietary ranking algorithm optimized to surface the most relevant results, improving the overall search experience.
The combination of these features provides users with a more productive and satisfying search experience surpassing that of other early Web3 search engines, and demonstrating Querio’s technical prowess and user-centric design.
The Quest to Decentralize: Transitioning Querio to a DAO
The Querio team is actively transitioning the platform into a decentralized autonomous organization (DAO) powered by the Internet Computer blockchain. This includes:
- Public Presale: The Querio team has announced an upcoming public presale of QRO tokens to begin on 25th of October, offering 10% of the total QRO supply. This move reflects their commitment to involving the community in the project’s governance and evolution.
- Governance Token (QRO): A native governance token, QRO, will be created and distributed to engage a community of stakeholders who will collectively govern the Querio DAO. The target launch time frame for fully transitioning Querio to a DAO on the Internet Computer is Q4 2023 using the SNS launch platform
The Road Ahead: Querio’s Vision for the Future
Beyond decentralizing Querio, the development roadmap extends to expanding functionality and solidifying Querio as the premier platform for users to explore and engage with Web3.
Planned features and capabilities include:
- Expand Multi-Blockchain Support: Expanding across additional blockchain ecosystems.
- Decentralized Content Miners: A network of independent content miners will be introduced to proactively index Web3 content, ensuring Querio’s search coverage remains comprehensive and up-to-date, with incentives for contributors.
- dApps Explorer: Discover the newest and most popular dApps, ensuring you’re always at the forefront of the decentralized movement.
- Project Promotion: Projects can promote themselves within relevant search results.
- Auction Model: An auction model for premium placement and visibility on Querio’s frontpage.
- Querio AI: Querio will develop a sophisticated artificial intelligence engine, for answering questions about dApps, protocols, and blockchain concepts.
- Querio Drive: Launching a decentralized on-chain storage solution built on Internet Computer.
With this ambitious roadmap, Querio aims to position itself as a core Web3 infrastructure project, empowering the next generation of blockchain applications and services. The Querio team’s vision is to create a community-driven public good that embodies the promise of Internet Computer and the broader decentralized web, setting the stage for a new era of decentralized search and discovery. Querio’s journey has just begun, and its potential is boundless in the ever-expanding world of Web3.
For more information visit:
Website: https://querio.io/
Twitter:https://twitter.com/querio_io
Whitepaper: https://querio.notion.site/querio/Querio-Whitepaper-093dca931e374657a5ae7c42a8f9da16
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Wirex and Polygon CDK Join Forces to Revolutionize Digital Payments With W-Pay
PRESS RELEASE. Wirex, a major player in crypto payments with over 6 million users, has chosen to partner with Polygon CDK (Chain Development Kit) to create a new App Chain focused on payments, named W-Pay. This move marks a significant development in the world of cryptocurrency payments.
By utilizing Polygon CDK, an advanced blockchain technology toolkit, Wirex aims to enhance the performance and security of its payment system. This technology facilitates faster and more secure transactions.
Pavel Matveev, Wirex’s CEO, explained, “Using Polygon CDK allows us to transition our payment infrastructure to the blockchain, improving efficiency and enabling seamless integration with various decentralized applications.”
Wirex’s status as a regulated entity and a principal member of Visa and Mastercard positions it uniquely to innovate in the payment industry. Matveev added, “Our initial plan includes introducing a non-custodial Visa card for cryptocurrency transactions, making digital assets more accessible in everyday life. Our goal is to bring all 6 million Wirex users into this ecosystem.”
Jordi Baylina, Co-Founder of Polygon, expressed excitement about the partnership, stating, “Wirex’s adoption of Polygon CDK to create their payment system has the potential to introduce fresh ideas and expand the adoption of digital payments.”
To further enhance the utility of the Wirex ecosystem, the new Wirex App Chain will use Wirex’s own token, WXT, for transactions. This move is expected to increase the demand and functionality of WXT, prompted by interest from large enterprises.
Wirex’s presence with users across various regions underlines its commitment to transforming digital-age payments. With millions of users worldwide, Wirex has been instrumental in making cryptocurrencies accessible for everyday transactions since its inception in 2015.
Founded by Pavel Matveev and Dmitry Lazarichev, Wirex has provided a user-friendly platform for buying, storing, and using cryptocurrencies alongside traditional currencies. Their specialized card allows users to make cryptocurrency transactions in their daily lives.
Wirex continues to evolve its product offerings to align with market trends, while also adhering to regional regulations and securing necessary licenses. As a pioneer in the industry, Wirex introduced its own native utility token, WXT, and initiated the world’s first cryptocurrency reward program, Cryptoback, offering users cryptocurrency rewards for their transactions.
To adapt to the growing Web3 landscape, Wirex expanded its product suite to enable mainstream access to decentralized finance (DeFi) and wealth management, introducing features like high-interest savings and partnering with decentralized finance platforms.
While headquartered in London, Wirex has expanded its presence globally and processed over billion worth of transactions. With rapid expansion into new territories, including the United States and Australia, Wirex is well-positioned to support and promote the mass adoption of cashless transactions through innovative solutions.
For more information, please contact:
E-mail: press@wirexapp.com
Website: wirexapp.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining
Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with the company also targeting Hsinchu County in northern Taiwan for 2nm production by 2025.
Kaohsiung to Become TSMC’s Second Hub for 2nm Chips; Mayor Commits Support for Billion Initiative
This latest development follows the recent discovery of Samsung’s 3nm chips being used in a commercial setting, a milestone in the industry. TSMC’s 2nm chips, boasting processing speeds 10% to 15% faster than their 3nm counterparts, could significantly transform industries like artificial intelligence (AI) and bitcoin (BTC) mining.
Nikkei reports that the Kaohsiung plant, currently under construction, will be the second hub for these advanced semiconductors, following Hsinchu county. The decision comes after a board meeting on Tuesday, where the company allocated roughly billion for capital investments in Taiwan, with a portion going toward the Kaohsiung facility.
The company’s plans reflect a shift in focus, as it originally intended to produce older legacy semiconductors in Kaohsiung. However, a change in plans was considered following the flagging demand for computer chips, which started after the pandemic. The new venture towards 2nm chips aligns with the global trend of advancing chip technology, aiming to meet the demands of fields like AI and cloud computing.
Nikkei staff reporter Hideaki Ryugen disclosed that Kaohsiung Mayor Chen Chi-mai expressed support for TSMC’s new initiative, committing to adjustments to water and electricity supply to ensure smooth construction. Ryugen further noted that TSMC is also seeking a site for a new plant in Taichung, which could become its third 2nm chip hub in Taiwan.
In the context of the broader industry, TSMC’s advancement towards 2nm chips echoes the recent discovery of Samsung’s 3nm Gate-All-Around (GAA) semiconductor in Microbt’s Whatsminer M56S++ bitcoin mining rig. This marked the first known application of the 3nm technology, discovered by Techinsights. Samsung’s breakthrough has long been speculated, and its commercialization can aid in the production of even more advanced chips.
The discovery of Samsung’s 3nm chip in the bitcoin mining machine is a crucial development, enhancing performance and energy efficiency. The Whatsminer M56S++ bitcoin mining rig produces an estimated 230 to 254 terahash per second (TH/s), and the utilization of Samsung’s technology could be a harbinger of things to come in the industry. For instance, Microbt’s rival, Bitmain, is believed to utilize chips supplied by TSMC, the same company venturing into 2nm technology.
What do you think about TSMC expanding to build out 2nm semiconductor production? Share your thoughts and opinions about this subject in the comments section below.
CoinEx Explains How the Intersection of AI and Web3 Will Revolutionize Crypto
The emergence of cutting-edge artificial intelligence capabilities has ignited the imagination of business strategists worldwide, urging them to envision the future operations of their respective industries in this era of AI. Simultaneously, the advent of Web3 is transforming our very interaction with the internet, which serves as the foundation of the contemporary global economy. Consequently, it is indisputable that the amalgamation of AI and Web3 will reshape business practices across all sectors, including the realm of cryptocurrencies, and give rise to unprecedented models that were previously inconceivable.
The Dawn of Intelligent Blockchains, dApps, Protocols and More
CoinEx, the preeminent cryptocurrency exchange boasting a user base of over 5 million worldwide, has recently released an article on the Medium platform, delving into the remarkable possibilities that arise from the fusion of artificial intelligence (AI) and web3. This insightful piece aims to shed light on the immense transformative power that emerges when these two cutting-edge technologies converge.
In the post, the CoinEx team writes about the fascinating intersection of AI and Web3, shedding light on how this convergence is reshaping the business landscape. Over the past decade, there has been an astounding surge in computational power, with capacity doubling every 3.4 months, as highlighted by research from OpenAI. This exponential growth has opened doors to previously unthinkable AI networks, programs, and software.
The concept of an AI explosion, where AI advances at a rate far surpassing human intelligence, holds the promise of a prosperous future. Intelligent machines can tackle complex challenges and create technologies beyond our imagination, leading to a deeper understanding of the universe and innovative human-machine communication strategies.
Web3 is at the forefront of this transformative journey, with intelligent blockchains being a key focus. These blockchain platforms incorporate machine learning (ML)-driven features into their infrastructure, enabling decentralized processing of financial transactions. Furthermore, decentralized applications or dApps on Web3 are poised to become immensely popular, rapidly adopting ML-driven capabilities. NFTs, in particular, are set to undergo a remarkable transformation, evolving from static images to artifacts with intelligent behavior based on their owner’s emotional profile.
The integration of ML capabilities extends to intelligent protocols, utilizing smart contracts and machine learning models to enhance functionalities such as decentralized finance (DeFi) and lending protocols. Moreover, generative AI empowers Web3 in various domains, including NFTs, online search, and game development, offering novel and valuable innovations. For instance, ChatGPT’s integration with Microsoft’s Bing search engine provides an enhanced chat experience, while generative AI text tools streamline dynamic game features like dialogues and avatars.
As AI continues to fuel the evolution of Web3, businesses must embrace these advancements to unlock new possibilities and stay at the forefront of innovation.
The Combination of AI and Web3 Will Create New Business Models
Question is, so what novel business models will emerge from the fusion of AI and Web3? The combination of these transformative technologies opens up a world of opportunities for innovative business models across various sectors.
One such domain that stands to benefit greatly is the art industry. Niche markets and collectors are eagerly embracing digital art, with generative artificial intelligence and Web3 technology serving as their enablers. Artists now have the ability to create unique digital assets in limited quantities, resulting in high value due to scarcity. The sale of digital art in the form of non-fungible tokens (NFTs) has emerged as a remarkable avenue for artists to showcase and monetize their creations.
Decentralized AI marketplaces are another groundbreaking development. Imagine a future where artificial intelligence models can be bought, rented, or leased on an open market. These decentralized platforms empower individuals to contribute to the advancement of AI, free from the limitations of centralized data control. The implementation of blockchain technology ensures transparency, security, and equitable revenue sharing for AI model creators.
Furthermore, decentralized data marketplaces are revolutionizing the way businesses trade data. Through smart contracts, participants can securely buy and sell data without compromising privacy. Seller identities remain confidential unless explicit permission is granted. This ensures data privacy while facilitating efficient data transactions.
The AI and Web3 future is poised to revolutionize the internet as we know it. With AI playing an increasingly pivotal role, we can anticipate even greater advancements in the years ahead. Exciting technologies such as virtual and augmented reality are likely to converge with generative AI, potentially giving rise to immersive, interactive 3D simulations based on textual instructions. As these technologies continue to evolve, new business models will emerge, transforming industries and pushing the boundaries of what is possible.
To learn more about AI, web3 and crypto follow CoinEx on Medium.
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How Will Blockchain Revolutionize Communication
Blockchain is the technology that started it all – it’s what makes millions of transactions sent through peer-to-peer cryptocurrency networks every year. And now, it’s making its way into one of the most important parts of everyday life – communication. But what makes blockchain so powerful, and what exactly does it have to do with the way in which we talk to others?
What Makes Blockchain Powerful
Cryptocurrency networks decide on the true state of their blockchains using consensus mechanisms, processes that verify the legitimacy of data stored within blocks and decide where along a particular blockchain those blocks belong. If nodes within a cryptocurrency network disagree on a blockchain’s true state, then protocols specific to each network automatically settle the dispute and determine the correct blockchain. Because this is done automatically, it is very difficult for an attacker to commit fraudulent transactions.
Consensus mechanisms contribute to another attractive feature of blockchains, that being their immutability. Data stored within blockchains cannot be retroactively changed or reversed without majority consensus. 51% or more of all nodes within a cryptocurrency network must agree to change the state of a blockchain. As a cryptocurrency grows, it becomes harder and harder for a single entity to control 51% of the network. Because of this, large cryptocurrencies like Bitcoin ensure the integrity of transactions. In turn, this enables individuals and businesses to trust that their funds are safe.
How Blockchain Revolutionizes Communication
TokLok, a rising messaging app, is using similar technology to revolutionize online communication. TokLok uses a decentralized and encrypted peer-to-peer network to send fully secure communications directly between phones, guaranteeing truly private correspondence.
When messages are sent from one phone to another, they are first wrapped in two layers of encryption. Then, they travel throughout the network to their intended destination. To ensure that they cannot be intercepted, only devices equipped with the correct secret codes can decrypt and read them. The combination of encryption and secret codes makes it impossible for anyone who attempts to insert themselves between senders and receivers to sniff or alter the contents of their messages. This enables users to trust that their conversations are unfiltered, uncensored, and secure.
While there are several encrypted messaging apps available, no other app goes to such lengths to protect user data. Because TokLok sends messages directly between phones, those messages never touch a third-party data provider, completely skipping cellular networks and internet service providers. This is important because messages that through third-party networks are vulnerable on the way to their destination. Without knowing what happens between a message’s start and end point, it’s impossible to determine whether they are being spied upon or altered.
This concern is not unfounded. The famous PRISM documents, leaked by Edward Snowden in 2013, revealed that the National Security Agency (NSA) in the United States had back-door access to some of the largest internet platforms. Microsoft, Google, Facebook, and Apple were all named – either voluntarily or by force, these companies enabled the United States government to spy on anyone using their services. Between government surveillance and hackers, no data sent through a third party is safe.
Even without anything to hide, data privacy is important. Data sent through third-party services can be stored indefinitely and used in a plethora of nefarious ways. Personal data can be used to profile individuals in order to influence their beliefs, track their movements, impersonate them, steal their identity, and more.
Though TokLok is already developed, maintaining the most secure messenger is no small task. Cyber security threats evolve every single day. As such, TokLok has decided to go public via an ICO, or Initial Coin Offering. Sold TOL tokens will be distributed through the Ethereum blockchain, and the funds generated from these sales will be put towards continuous updates and the development of new features.
The first round of TokLok’s ICO has already begun. In total, there will be three rounds, each round offering the token for a higher price than the last. Because TokLok has the competitive advantage of being the only messaging app that provides full security, investors from across the cryptocurrency space are jumping in.
Retoken Announces Plans to Revolutionize Business Referral Systems
Retoken has unveiled its plans to revolutionize how businesses and individuals benefit from the manufacturer-buyer process. Using incentives, Retoken will attract sellers and consumers working in the market to promote your products and services.
CEO of Retoken, Sanan Hasanov, said:
“In order to bring measured results to these person-to-person recommendations, we decided to create Retoken. Retoken is a referral bonus system that motivates customers to recommend the products and services they use in their daily life and to get Retoken bonuses for that. This model is not new but by applying blockchain technology, we’ve made it automated, measurable, transparent, and with a limited number of Retokens, we made it profitable.”
How the Referral System Works
Retoken eliminates the uncertainty associated with unsynchronized bonus incentives through an automated decentralized platform that connects manufacturers and producers with buyers and consumers. Using the Retoken console, manufacturers can implement global, national, or local bonus programs. These can be linked with real business cases, systemizing the process. Buyers and sellers can participate in these bonus programs seamlessly and enjoy the benefits being pushed forth.
As customers share feedback on the products they enjoy using the platform, producers can obtain real-time data on the number of products being sold by the number of incentive points contributed to each seller. Buyers who obtain loyalty tokens can also provide rich insights into user preferences as Retoken cultivates positive reinforcements to reward participants for reviewing their preferred products positively.
Because of the use of blockchain technology, transactions are immutable and transparent. They also guarantee secure participation and the safety of data. Companies and producers will also benefit from Retoken’s global network. Also, they can form beneficial partnerships that’ll enable the companies to grow vertically. Invariably, this secures access to a new market while providing new business development opportunities.
Retoken plans to be a global force operating from at least ten countries and serving over 1000 companies by 2025. To achieve this, it plans to form a transparent mechanism for referral bonuses while providing a simple and understandable service model. The company is also developing highly reliable mobile solutions while generating growing value for its token, Retoken (RETO).
One of the colourful event happening soon is that Retoken is getting listed on MacaronSwap, 11th May 2022 and the token will be traded on both CEX and DEX. Get in early!
About RETO
RETO is a BEP-20 token built on the Binance Smart Chain. The token standard ensures quick transactions, interchain compatibility, attracts low fees, and makes it easy to list the token on decentralized exchanges. It can also be used on the Ethereum network and stored on the Retoken wallet or on any third-party wallet supporting Binance Smart Chain.
According to the whitepaper, RETO will have a fixed supply of 1 billion tokens. The limited supply will help the token value to grow in the future as demand for the token increases. Token allocation will be spread across technical development, business development, marketing and PR, finance and legal.
Of these, 55% will be allocated to investors and the community, while the core team and advisors will get 20%. 10% will go to the Foundation, 5% to contractors and contingency reserves and 5% to the DEX liquidity pools. There may be plans for a staking pool in the future as 4% of the tokens have been allocated for staking. The remaining 1% is for security and bounty rewards.
As it is a global project, RETO will soon be available on centralized exchanges and decentralized exchanges. Listing on these exchanges will make it possible to exchange the fiat of the respective countries directly with the token.
The founder of Özbahçeci group, Turan Özbahçeci, noted:
“A very high probability that the token will go up and become more profitable because of the limited supply of the token.”