Blockchain
Meter: Changing the Way the World Uses Money
Meter enables decentralized finance through its stable cryptocurrency, wallet and platform, is launching a truly decentralized, censorship-resistant, high-speed consensus design. By dividing power for blockchain currency creators and record keepers, Meter has created a revolutionary “proof-of-value” blockchain validation system. This advancement fulfills the original decentralized vision started by Bitcoin, while adding needed stability and security. Meter’s testnet is active, and their cryptocurrency wallet is easy to use, allowing for quick on-boarding with no crypto knowledge needed.
Meter was co-founded by Xiaohan Zhu, Young Yu, and Jun Xu. They all believed in the original vision of a decentralized, blockchain-focused system of currency; all envisioned a revolution in the stablecoin ecosystems that consistently fall prey to attacks. As part of the DeFi movement, Meter’s platform offers a badly needed application interface for the crypto world.
Meter has created a unique hybrid consenus model, called “proof-of-value”. All consensus protocols create an irrefutable system of agreement between various devices across a distributed, decentralized network. Meter has taken inspiration from previous proof-of-work and proof-of-stake systems to create a powerful hybrid that functions better than the originals.
“The pure proof-of-stake, it cannot exist because it’s too fragile, so we developed hybrid proof-of-stake,” said Young Yu, a former Cisco tech leader and Brocade principal engineer. “Pretty much my whole life, i’ve been working on routing protocols… the problem [with other decentralized projects] is the scalability, and wider availability. This is what we’re here to solve.”
“The approach we take in Meter is very different from the existing cryptocurrency projects, which are typically either by developers, academics, or cryptographers,” said Xiaohan Zhu, a Wharton Finance MBA, co-founder and CEO of Decentralized Finance Labs. “For Meter, we’re making a basic infrastructure, and we want to build on top of it, because this is just the base layer of unit of account settlement. There are a lot of financial system related things we can build on top.”
Meter has created the start of a financial ecosystem where we need not answer to central authorities to be approved for loans, manage our money, establish savings accounts or provide merchant services. Instead, a network of our peers will act to enforce and verify a decentralized, safe, efficient network of financial agreements that allow anyone with an internet connection to bank with confidence.
SOURCE Meter
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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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