Blockchain
Apollo Currency Releases Sharding, Solving Blockchain Sustainability
Apollo Currency is making history by becoming the first project to utilize sharding on an active blockchain and one of the first cryptocurrency ventures to implement a solution to blockchain bloat. Apollo sharding was activated on April 1, 2019 and the first shard segments on the blockchain at block 2,250,000. This first shard signals a monumental accomplishment toward blockchain advancement and a revolutionary moment in cryptocurrency history.
“With the release of sharding, Apollo has officially become the fastest, most feature-rich and most sustainable cryptocurrency available,” says Stephen McCullah, director of business development.
Solving Blockchain Bloat
Blockchain bloat prevents DLT systems (distributed ledger technologies) from scaling. Although each block adds only a small amount of data, this information accumulated over time leads to an astronomically large database. The accumulation of data from blocks will inevitably result in slower speeds, reduced functionality, and difficulty downloading its database.
“Sharding allows a user to download the blockchain much faster, and it reduces the cycle-time of operations as well as lowers the needed disk space,” says Sergey Rokhvarg, chief technology officer. “Apollo sharding is a trailblazing innovation that was only theory until recently.”
How Sharding Works
“An increasing number of transactions leads to a constant increase in the Apollo database. This process goes faster with shorter block time,” says Sergey Rokhvarg, CTO. “Blockchain requires full access to the ledger from beginning to end to verify each transaction, but this task does not run every time. Most operations require smaller parts of an entire database.”
According to Mr. Rokhvarg, that creates an opportunity to be more efficient. As the first shard executes, the following takes place:
- The Apollo ledger database will split into time-based (or blockchain height-based) segments, and the split will be made on each node in the consensus with each node knowing when that split occurred.
- Each shard will complete every 750,000 blocks after 1,400 blocks of acknowledgment.
- Information will be added to each shard/segment that allows blockchain operations to occur without queries to the full ledger database. This will optimize the blockchain processing code to use the last segment for most operations.
- Each segment will be trusted as nodes sign its summary tables. Downloading of the full blockchain will be optional/delayed. Rather, nodes will download the latest segment and start processing from there.
- Downloading of previous blockchain segments will occur on-demand.
The results are remarkable speed, as well as scalability of the Apollo blockchain, according to the foundation’s development team. [website: apollocurrency.com]
Anticipating Future Network Challenges
Distributed ledger technologies (DLT) are undergoing 80% compound annual growth rate (CAGR) and they are expected to become a $23 billion industry worldwide by 2023 according to Reportlinker. The $300 billioncryptocurrency market is estimated to have 32% CAGR by 2025 according to Market Insights Reports.
But more use could also lead to unstable networks.
“When we developed sharding, the team had to significantly renovate the data-exchange mechanism, which allows using other types of sharding and optimization in the future,” says Sergey Rokhvarg, CTO. “In the near future, we’ll release a core code for sharding. The new protocol will initiate on block 2,250,000 and more shards will form every 750,000 blocks.”
Apollo as the Ultimate Currency
“Sharding and adaptive forging make Apollo the most sustainable blockchain on Earth,” says Steve McCullah, director of business development. “Our goal is to realize sub-one-second transaction speeds and TPS capabilities in the multi-millions before the end of 2020.”
Apollo is among the fastest cryptos on Earth with two-second settlement speed.
Adaptive forging (launched in Q4 2018) synergizes with sharding to eliminate wasteful, non-stop block creation. Thanks to this breakthrough technology, blocks are only created and forged when a transaction takes place. This approach simplifies the blockchain and lowers the required disk space for storing a database. This further improves speed, eliminates bloat issues, and makes the blockchain hyper-efficient.
Other mainstream crypto projects have been unsuccessful at creating similar sustainability solutions.
Mr. McCullah concludes by saying “it’s crucial for developers to stay ahead of the curve, and to consider upcoming trends in their organization’s strategic planning. The Web 3.0 economy is evolving fast and it’s important to match developer competence with vision and prudence. Blockchain use-cases are leading to tectonic shifts in how people and merchants do business, and we want to prevent future issues that are avoidable. Sharding makes blockchain technology scalable and sustainable.”
SOURCE Apollo Foundation
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
