Blockchain
Four technology breakthroughs of BlackPearl.Chain are reinventing the public blockchain
At the end of 2018, as bitcoin slipped from $6,000 to $3,000, the blockchain industry entered into a severe capital winter, lots of projects closed due to lack of funding. In February 2019, a new public chain startup named BlackPearl.Chain was established in Silicon Valley. As we all know, the capital investment required for public chain projects is huge. What kind of founder dares to challenge the limit at this critical time? Can they survive?
The BlackPearl.Chain was founded by Jack Liu and Sarah Li. Jack Liu is China’s famous blockchain scientist, OKCOIN ex CTO. In a conference backed in October 2018, Jack predicted that the technology breakthroughs by public chain arecoming soon.
To date, even though the BlackPearl team has been through a lot of hardship, with limited resources, they have achieved the technology breakthroughs which were predicted by Jack. According to Sarah, CEO of BlackPearl.Chain, Inc., their Testnet will be ready in Q3, 2019.
BlackPearl team has attracted a lot of attention recently. Just two days ago, Bill Kallmanjoined BlackPearl team as an advisor. Bill is both an entrepreneur, Co-Founder of Get Corp, of which Tim Draper is the founding investor, and a venture capitalist. Bill Co-founded timberline ventures, affiliate of the Draper Fisher Jurvetson global venture network,which backed DocuSign, among other notable investments.
BlackPearl team is actively planning an IEO at the upcoming Malta blockchain summit, teaming up with new Blockchain Exchange Globiance.
It’s amazing to witness the BlackPearl team achieving this milestone after forming their Silicon Valley startup only 3 months ago. Let’s take some time to review the technology breakthroughs they have achieved.
The mass adaption for blockchain technology depends on blockchain technology breakthroughs. The success of any blockchain technology depends on three main factors. The first factor is the success of public chain implementation. The second one is the ability to balance security with performance and decentralization (the blockchain’s impossible triangle). Finally, one must reduce the transaction cost.
BPChain is a third-generation public chain designed by BlackPearl.Chain, Inc. that is introduced as a solution to the challenges currently associated with blockchain technology. It has unique characteristics which make it capable of striking a balance between high performance, decentralization and security, while achieving a lower transaction costs for DApp runing on it. BPChain can carry large-scale commercial applications at a relatively low energy cost. Therefore, it is affordable to industries with wide range of applications. The entire BPChain is designed from ground up. It is unique compared to other public chain models, such as Bitcoin and Ethereum. The following are some of the cutting edge characteristics of BPChain:
BPChain uses VRF lightning fast consensus, three-layer sharding, multi-dimensional routing, IPFS storage, system contract, and neuron node management.
BPChain can effectively support a huge volume of a small amount of real-time payment, decentralized digital currency trading, instant messaging, e-commerce, search, notarization, social, media, digital assets, traceability and so on.
BPChain is fully decentralized with linear expansion capability. It can support tens of millions of TPS with the increase of nodes. It is extremely secure, and resistant to quantum computation and biological computation compromise.
BPChain has made innovative breakthroughs in consensus, computing power, storage and communication. It is fully scalable, very secure, and energy efficient. Specifically, BPChain makes breakthroughs in following aspects:
- Fully Scalable with Intelligent sharding.BPChain has an innovative three-layer sharding design that completely solves trust issues between shards. It also provides asynchronous sharding consensus and inter-shards communication. The AI-capable loading balance algorithm of data collection and distribution can automatically complete sharding and merging. This feature enables BPChain’s performance to exceed the performance of the centralized server. The performance of the public chain can be infinitely improved by this breakthrough.
- Secure and Fast Consensus:BPChain implements VRF lightning fast consensus. Its unique VRF implementation randomly selects current round of voting nodes achieving pioneered lightning consensus within a short time of about 0.3 seconds – 3 seconds.
- Computing power reduction:An App forms the node in BPChain system. This technology fully organizes and utilizes the global idle computing power and bandwidth that enables building of powerful computing and storage capabilities without incurring extra huge expenses on professional mining machines. Users can install BPChain wallet to participate in consensus and block production.
- Improved Network Performance:The technology has a super-routed P2P broadcasts that enable current home broadband to achieve up to several thousand Single-Shard TPS. The measured TPS peak is 5730 at current broadband conditions.
SOURCE BlackPearl.Chain
Blockchain
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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