Blockchain
AME Chain – A Future Ready Quantum Blockchain
Tortola, British Virgin Islands–(Newsfile Corp. – February 1, 2022) – AME Chain released its new whitepaper.
Link: https://whitepaper.amechain.io/
AME Chain is the world’s first Quantum Secured Blockchain.
Figure 1: AME Chain – A future ready Quantum Blockchain
Threat to Blockchains
The rise of Quantum computers with enormous computational power poses a threat to the security of traditional cryptography used in blockchains. Threats like private key generation from one’s wallet address, mining attacks by brute-forcing hashes, breach of peer-to-peer communication of nodes are within reach.
AME Chain as a Quantum Blockchain
To resolve this threat, AME Chain integrates Quantum security with blockchain. Quantum blockchain refers to the idea of either an entire blockchain or certain elements of the blockchain functionality being instantiated and run in quantum computing environments. In fact, the quantum domain naturally lends itself to the implementation of blockchain features through,
- Quantum Random Number Generator (QRNG)
- Quantum key distribution (QKD)
- Quantum signatures
- Post-quantum cryptography
- Certifiable randomness
- Fast Byzantine Agreement (scalable consensus)
- Built-in zero-knowledge proof (through the QSZK (quantum statistical zero knowledge) computational complexity class)
- The No-cloning theorem (cannot copy (i.e. double-spend) assets)
- The No-measurement rule (cannot look at quantum information or eavesdropping is evident)
- AME Chain uses laser-based quantum source for generating private keys, hash & digital signature. Seed quality has been increased with quantum random number generators (QRNG), thus making it more secure.
AME Chain uses Proof-Of-Authority (PoA) as the consensus method that gives a small and designated number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry. Thus PoA ensures a higher transaction rate.
About AME Chain
A fast and secure decentralized digital asset ledger that is EVM compatible with high performance and scalability. AME Chain is a platform that facilitates peer-to-peer communication, Smart contracts and applications via its own native currency called AME.
Highlights:
- EVM Compatible
- Deploy Smart Contracts and Create Dapps
- High TPS than Ethereum & BSC
- Proof-of-Authority & IBFT
- Mint NFTs & Create Metaverse
- Cross-Chain Transfer
- Governance (Voting)
- Censorship Resistant.
Auction for validator nodes to the community is scheduled after Mainnet launch.
AME Chain Block explorer & AME Chain decentralized wallet to be launched shortly.
AME Chain – Speed, Secure, Scalable
Visit: https://amechain.io/
Social Mediums
Telegram – https://t.me/amepay
Twitter – https://twitter.com/ame_pay
Facebook – https://facebook.com/amepay.io/
Instagram – https://www.instagram.com/ame_chain/
Linkedin – https://www.linkedin.com/company/amechain/
CoinMarketCap – https://coinmarketcap.com/currencies/amepay/
Media Contact
Company – AMEPAY Limited
Name – Kamalakannan Venkatraman
Email – [email protected]
Country – British Virgin Islands
Address – Intershore Chambers, P.O.Box 4342, Road Town, Tortola, British Virgin Islands
PR Contact
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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