Blockchain
The next-generation blockchain infrastructure people should know – YAO Network
Recently, the most influential events in the entire industry are Facebook Libra projects. The move of Facebook into the encryption field once again pushed the blockchain industry to the peak of popularity and became a hot topic in the world. With the addition of technology giants, the blockchain market has emerged with unprecedented dynamism, and various underlying development service platforms have sprung up. At present, Ethereum is the most famous open platform, but the scalability of the Ethereum platform has been criticized by the public. Once the number of DAPPs in the platform is increased, the entire network is very dangerous to block, making developers painfully.
In fact, developers don’t have to be trapped in one house. In addition to Ethereum, developers have better choices. The single development network can’t meet the growing demand, and developers need an “arbitrary door” that can easily access various types of blockchain networks. The YAO Network, which is positioned as the “port, chain, and marketplace of the blockchain world”, is the door that developers are dreaming of.
Unlike the general BaaS platform, YAO Network is designed for community developers and underlying blockchain technology providers to provide adaptive access and upgrade capabilities for blockchain networks through topological orchestration techniques for different blockchain underlying layers. YAO Network provides different access strategies for public links, such as Bitcoin, Ethereum, Superbook, etc. YAO Network provides second-level access, while alliance chains and private chains like R3 provide fast and flexible Network creation capabilities. Developers can use the visualization tools to view the status of the underlying network and select the most appropriate blockchain network based on their needs.
YAO Network is a decentralized blockchain public infrastructure platform for the next generation. Users can freely develop blockchain technology, such as creating a Hyperledger Fabric environment and accessing the Ethereum test network. Besides, the platform provides developers with technical information, community information, developer guidance, and other related project information. YAO Network is a rising star in the industry who is attracting the attention of lots of investors.
In the process of development, YAO Network will provide developers with a variety of services to help developers carry out project incubation, financing promotion, technical architecture, core technology customization, and other services. After the project is completed, the platform will provide stable operation and maintenance support and customized business upgrade information services to help developers further improve the project’s scalability.
The strong technical team and consultant team is one of another highlight behind YAO Network. Seldom teams in China can be said to compare with it. YAO Network’s team consists of professional developers and technicians. The founder that Walter Komarek has a strong background in business strategy and technology development. He was the CEO of Angel Investment and the former founder of Forbestelecom in the European telecommunications industry, who owns a good reputation.
Also, the YAO team includes several blockchain architecture and software development professionals, Dr. Neil Wasserman graduated from the top universities in the United States, holds a bachelor’s degree from Cornell University. He also achieved a master’s degree from the Massachusetts Institute of Technology and a Ph.D. from Harvard University. Neil focused research on blockchain architecture from time to time, dedicated to combining innovation strategies and emerging technologies with traditional industries.
As the value and potential chance of the YAO Network having been discovered, more and more top talents from the industry are joining the team. It is worth expecting that the YAO Network team will soon welcome a Nobel Prize winner. He will also work on the construction of the blockchain basic service platform with YAO and contribute to future development in the blockchain industry.
The future path of the blockchain industry is still long that hard for us to forecast. Who can imagine that the bitcoin that was originally used to buy pizza can rise to US$20,000? Just like social media giant Facebook will issue coins? Just similar to the original bitcoin, YAO Network is also a newborn together with a full of vitality and unlimited possibilities. YAO Network will be the next unicorn in the blockchain basic service platform.
SOURCE YAO Network
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
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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