Blockchain
Elixxir BetaNet Soars, Receives 350% More Applications Than Anticipated
David Chaum’s groundbreaking full-stack blockchain platform, Elixxir, closed node applications Friday after receiving 870 submissions for its BetaNet from operators across more than 80 countries.
Modeled after the Internet Engineering Task Force (IETF) protocol used to standardize the early internet, Elixxir’s BetaNet selection process follows six steps. The process was designed to remove the core team’s influence over selection by opening applications to community feedback and review. Step 3, the application phase, was open from February 18th to April 19th in order to receive enough quality applicants for the ultimate selection of 100 BetaNet nodes.
Truly a testnet, Elixxir’s BetaNet does not feature a block reward, and participation in the BetaNet does not guarantee participation as a node in the MainNet. Given this volunteer-based approach to the BetaNet, 200-300 BetaNet applications were expected to make up Elixxir’s selection pool.
Support for the platform’s goals and demand to operate a BetaNet node far exceeded these expectations. Peter Somerville, Director of Developer Relations, shared that “applications extended across a range of language, experience, and location. We received 870 applications. Over 650 were from outside the United States, with the United States, Russia, the U.K., Canada, Germany, Australia, Turkey, China, the Netherlands, and Brazil being the top 10 markets.”
The widespread interest in Elixxir’s metadata-resistant, privacy-first approach to transaction processing is indicative of a global shift in consumer preference toward privacy-preserving technologies. Elixxir nodes protect privacy by combining end-to-end encryption with a mixed network that completely obscures user metadata. The platform’s breakthrough consensus mechanism enables quantum-resistant security capable of supporting a range of transactions including decentralized application (dApp) data transfer.
Step 4 of Elixxir’s BetaNet rollout begins today with the anonymizing of applications in preparation for publication and community review, step 5 of the 6-step process.
SOURCE Elixxir
Blockchain
Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
TwyAe Exchange
Blockchain
Frontiers of Fintech: Innovative Practices of SILEGX Exchange
SILEGX Exchange
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
-
Blockchain Press Releases6 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases7 days ago
Moby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain Press Releases4 days ago
Vantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain4 days ago
Money Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases5 days ago
Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain7 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain Press Releases4 days ago
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases4 days ago
Vantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video