Blockchain
ADAX DEX Has Officially Launched on the Cardano Mainnet
Nicosia, Cyprus–(Newsfile Corp. – January 30, 2022) – The long wait is finally over, as ADAX DEX v1.0 is live on the mainnet. This decentralized exchange will continue to lead by example, make meaningful contributions to the Cardano ecosystem, and deliver on long-held promises.
Figure 1: ADAX DEX Has Officially Launched On The Cardano Mainnet
ADAX DEX V1.0 is governed by a philosophy of decentralization while using the order-book model to guarantee completely non-custodial and censorship-resistant trading. ADAX users can begin their journey of effortlessly executing smart contract-based trades instantly and at a fraction of the cost of doing so on the Ethereum blockchain.
Six months of painstaking world and delays beyond the team’s culminate in the primary product launch of ADAX DEX V1.0. It is an intricate price of infrastructure that will prove critical to the long-term prosperity of the Cardano ecosystem and those who rely on it.
Under the ADAX DEX v1.0 banner, users can leverage several tools and features the Cardano community has been waiting on, including:
- An order-book model with on-chain swap execution and concentrated liquidity orders
- Every order is split into smaller UTXOs to avoid network congestion
- Plutus smart contracts to ensure full decentralization
- An intuitive and frictionless user experience
- Widespread wallet integration: Nami Wallet is fully compatible at launch, with GeroWallet and CCVault support arriving in the next few days.
- Revolutionary trading tools providing insights into market sentiment through the Stockgeist.AI partnership.
ADAX DEX will continue to push the boundaries of bringing trustless decentralized exchanging to the Cardano ecosystem. Partnerships with Netvrk and BlackDragon will play a significant role in these proceedings, alongside relationships with multi-functional Cardano wallet GeroWallet, DeFi protocol VyFinance, blockchain telecommunications infrastructure provider World Mobile, and decentralized oracle Charli3.
ADAX DEX noted an oversubscribed private sale and an overwhelmingly successful IEO on ExMarkets in 2021. Furthermore, Roger Ver and Mate Tokay, among other important crypto stakeholders, have provided backing for the project.
About ADAX
ADAX is an automated liquidity protocol that facilitates non-custodial and censorship-resistant trades within the Cardano ecosystem. ADAX seeks to obviate the need for centralized middlemen, facilitating token swaps, providing ample asset liquidity, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.
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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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