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Blockchain

BABB (Bank Account Based Blockchain), the Blockchain Banking and Fundraising Challenger, Announces a New Appointment to its Executive Leadership Team

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BABB (Bank Account Based Blockchain), the blockchain banking and fundraising challenger, announces a new appointment to its executive leadership team. Grant Van Wyk, who formerly served as the CTO for ICON as well as being the Global Head of Development for Zazoo (Net1 UEPS), has been named to the role of Chief Technology Officer.

“BABB Group and its companies will benefit greatly from the experience Grant will bring into his new position,” said Rushd Averroës, CEO of BABB Group. “His technological background and leadership skills will allow BABB to continue to bring blockchain-based solutions into production, facilitating the development of a technology stack for the financial sector.”

“After a long, thorough search, we were pleased to find the best candidate for BABB right under our noses,” said Demetrios Zamboglou, BABB Group Chief Operating Officer. “Grant has worked in similar projects in the past and we already had an established relationship with him prior to this engagement.”

“Distributed ledger technology is and will continue to be significantly impactful and will shift the way our real-world problems are solved especially considering how easily decentralised trust can be achieved,” said Grant Van Wyk, Chief Technology Officer. “BABB is using blockchain technology to provide significant value and reshape the ways banking and fundraising can be offered. I’m excited to continue to bring innovative products into production to supersede outdated, inefficient and expensive institutions and systems.”

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An experienced Executive, Technologist and Engineer with extensive knowledge working in the information technology and financial services industry with circa fifteen years worth of experience in cutting edge Software Development, ITC projects and IT Operations. His experience providing an excellent well-rounded understanding of the requirements for effective service delivery in software development, financial services and the innovative technologies space. Grant has held a series of executive and leadership roles and has successfully co-founded companies that were responsible for building technologies, services and platforms that were well ahead of their time in the fintech arena including first of their kind products like virtual credit cards and micro lending.

With his routes in mobile software development, Grant has been responsible for the delivery of mobile payment services and mobile financial engagement channels for a NASDAQ listed company.

Grant holds a BSc.IT (Information Technology) degree and a B.Eng (Electrical and Electronic Engineering) Degree and is passionate about problem solving using disruptive technologies.

Blockchain

Africa Loyalty Programs Market Databook 2025, with Safaricom, Paga, M-Pesa, Airtel Money, MTN MoMo, Pick n Pay, JumiaPay, Paycode, TradeDepot, Shoprite, Flutterwave, Takealot, Ecobank and More

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African Loyalty Programs Market

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Blockchain

Taraxa Report Reveals 20X Overestimation In Blockchain Throughput

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As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.

Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.

Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.

This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.

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Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.

“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”

“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”

Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.

Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.

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By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.

The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.

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Blockchain

TRM Labs Expands Wallet Screening Solution to Combat $11 Billion Crypto Fraud Epidemic

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