Blockchain
Elixxir BetaNet Soars, Receives 350% More Applications Than Anticipated
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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
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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