Blockchain
Hyperion Launches Titan Map Store, A Decentralized Map Data Layer Service
In mid of July, Hyperion, as the largest map blockchain, officially announced to launch Titan Map Store — a decentralized map data layer service. Via the map store, users can access various open-source map layers for a more convenient and personalized routine planning. For example, when someone needs to check nearby U.S. Embassy or Consulate location, they can view the location details through the Embassy and Consulate map layer. In the meantime, map store circulates the value generated by Hyperion decentralized MapChain to sustain the decentralized map community.
Only “Extremely open and decentralized” will win the public blockchain competition
In traditional Internet, applications built on top of HTTP open-source protocols obtain a significant estimates of market value, such as tech-giants FAANG. These centralized platforms rely on asymmetric information to monopolize data through an economy of scale. For instance, Google Map transfers the expensive data collection cost to users, and charges a high data request fee for its map services.
By contrast, blockchain is a long-tail network, which means every node built based on it can get benefit. Hyperion team decided to build a Peer-2-Peer network based on Location-based-service (LBS), whereby data can be generated from mobile devices, and distributed/shared within the network built based on open-source and encrypted technology. This way, the service fee charged to business users will be rewarded to each participant of the decentralized network.
Hyperion MapChain natively integrates the innovative Spatial Consensus Protocol (SCP) to reach consensus of static location data (map) and dynamic location data (localization) in a secure and verifiable manner. With Hyperion’s decentralized architecture, maps will be 1000x better for smarter cities, geospatial services, automotive and more. In future, decentralized Uber, DiDi, Airbnb will run on Hyperion MapChain by requesting the smart contracts built on chain.
The story of the blockchain operating system will end in 2021
Kai Law compared the current blockchain developmental stage to the infancy period of the Internet back in 1995, when Internet and blockchain operating systems already existed. He said: “the current blockchain world still lack a killer app to stimulate the prevalent application of blockchain technology throughout the world, just as NetEase and Yahoo.” Kai Law believes that the story of Proof-of-stake (POS), Proof-of-work (POW) and blockchain operating system will come to an end when Ethereum upgrade completes. With open-source feature, the technology value of cross-chain and sharding will be derived by the public blockchain. This is the reason why Hyperion chose to build an application-focused public blockchain.
Technology evolution will result in two consequences. First is to maximize the production efficiency, and second is to minimize the production cost. Further data transfer efficiency will be achieved when more decentralized nodes join Hyperion MapChain. In the meantime, Hyperion will adopt machine learning to load map layers, and use map AI to further lower the data distribution costs.
According to Coase Theorem, complete competitive markets with sufficiently low transactions costs will achieve an efficient allocation of resources, regardless of how property rights are divided. Since centralized platform occupied key resources and marginalized users with little benefits, the trend towards decentralized blockchain is unavoidable.
Kai Law further explained: “apart from applications, another key determinant for the public blockchain is its protocol. Many public blockchains ignored the importance of protocols by focusing only on applications and they created ‘fake‘demands. The most important thing is, to enter the blockchain world requires a new way of thinking. After all, the application-focused public blockchain will change our life in the next decade.“
SOURCE Hyperion
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
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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