Blockchain Press Releases
Innovation in Abu Dhabi: The Venom Blockchain Revolution Begins
ABU DHABI, UAE, April 9, 2024 /PRNewswire/ — Marking a milestone in the technology sector of Abu Dhabi, a visionary team has launched the Venom Blockchain, a high-caliber project that has swiftly achieved a market cap surpassing $5.2 billion, with exchange volumes toppling $200 million on leading platforms. This remarkable feat underscores Abu Dhabi’s emerging role as a crucible of innovation and technological progress within the global fintech industry.
At the core of Venom’s success is its revolutionary architecture, capable of handling over 100,000 transactions per second, establishing new performance standards. The platform’s advanced mesh network, with each wallet acting as a smart contract, is designed to support and streamline the economic infrastructures of countries around the world. With over 20 projects queued for launch on the Venom Blockchain and multiple stablecoin initiatives underway internationally, the confidence in Venom’s robust framework is evident.
The launch of Venom was nothing short of spectacular, drawing in more than a million users within the first 24 hours. This massive adoption showcases the magnetic appeal of the plaUorm and its significant potential for widespread use.
Venom’s achievements represent a shift in the global tech landscape, defying the conventional wisdom that innovation is exclusive to traditional tech hubs. With its scalable and secure design, the Venom Blockchain is not just competing on the world stage; it is setting new benchmarks for how technology can function in service of governance and economic activities.
Emanating from Abu Dhabi, the Venom Blockchain stands as a testament to the fact that groundbreaking innovations can originate from any corner of the world, reshaping the notion of technological epicenters. The tech community worldwide now watches with keen interest as Venom paves the way for a more diverse and inclusive future in technological advancements, evidencing the significant impact that new players can have on the global marketplace.
About Venom Blockchain
Venom Blockchain represents a paradigm shift in the decentralized ledger technologies, innovated by a dedicated team in Abu Dhabi. Conceived with a focus on scalability, security, and interoperability, Venom’s sophisticated mesh network architecture is poised to underpin the infrastructure of entire nations. As the steward of the Venom Blockchain, the Venom Foundation seeks to catalyze the widespread adoption of blockchain technology, emphasizing research and development, partnerships, governance, and transparency.
Through its innovative Dynamic Sharding Protocol, the Venom Blockchain is equipped to dynamically adapt to transaction volumes, boasting the capability to process over 100,000 transactions per second with prospects for even higher throughput. The ambition is to make blockchain technology a decentralized public platform that is accessible and beneficial to all, from individual users to institutions and sovereign states.
The blockchain’s native token, VENOM, serves as a utility token within the ecosystem, providing a method of settlement and rewarding network validators. In line with the blockchain’s capacity for vast scalability, the Venom Foundation operates with the highest standards of governance and transparency, establishing policies and procedures for fund management and organizational governance.
As Venom Blockchain continues to evolve, it holds the promise of transforming industries by offering a secure, efficient, and scalable blockchain solution, heralding an inclusive future where innovation is democratized, and technological epicenters are no longer geographically confined.
For more information, please visit https://venom.foundation
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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
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