Blockchain
New Swingby Network SkyPools Swap-Bridge Hybrid Goes Live
Singapore City, Singapore–(Newsfile Corp. – March 28, 2022) – Swingby Network has launched the Skypools Bitcoin-ETH swap-bridge hybrid live for public use. The Skypools swap-bridge allows traders to easily swap between BTC and the Ethereum network coins which are built, deployed and traded on the ERC20 blockchain environment.
Swingby network users were already using the Skybridge protocol, which is the fundamental development of the network. Until now Skybridge has enabled Swingby network users to swap between forms of Bitcoin and wrapped Bitcoin, specifically WBTC on the EVM network, an ethereum-based version of Bitcoin, and the Binance-pegged BTCB coin as another form of Bitcoin. Now Skypools builds upon this to enable the seamless trading of these different forms of Bitcoin interchangeably with ERC20 network cryptocurrency tokens.
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What makes Swingby network different from other swaps
The Swingby network is a truly decentralized system through and through. Swingby works by connecting platform users who wish to swap, with the liquidity reflected real-time on large AMM aggregators such as the Balancer and Sushi DeFi networks. Users never lose custody of their tokens, as no third-parties requiring such are ever included in the process.
The uniqueness of alternate forms of BTC and many listed ERC20 network coins being interchangeably tradable is big enough news in and of itself. BTC and ERC20 will be able to be swapped across blockchain networks at an extremely low cost and almost no price fluctuations across platforms. The Skypools concept was an organic idea that is currently coming into full bloom, almost ready for its public release.
Swingby network’s Skypools platform could be a model for the future
One certain motivation for fundamental development work done to build the first version of the Swingby network cross-chain BTC swap was the belief that Bitcoin and then other digital currencies like ETH, would soon be used in broader financial applications. The idea is that as banks, financial institutions, corporations and even governments begin to rely on the Bitcoin and Ethereum networks to send and receive digital payments, there will be the need for networks in place which allow seamless transfer across different blockchain networks. Skypools represents such a network, also having the potential to scale as the power of the blockchain network organically expands.
Most cryptocurrency traders already comprehend that while Bitcoin is obviously always Bitcoin, in order to send BTC from one blockchain network to another it has to go through a cross-chain swap. The transfer is performed on the back end by converting the currency from a cryptocurrency coin on one digital channel to an entirely different blockchain. The technology required for cross-chain swap capability to proceed forward is included in the complex Skypools stack protocol development. Nodes on the Swingby network are independent validators and offer heightened security measures. Nodes need to agree, or reach consensus on the independent validation done by each node individually before proceeding forward with a proposed transaction presented along the chain.
Next steps for Skypools swap-bridge
The latest news prior to launch of Skypools had been news of Skybridge transitioning from a team-run DeFi project to a DAO, community-directed project. In a DAO system the community decides in many ways, how the project moves forward. The structure is held up by votes, as token holders have the ability to influence project direction collectively according to varying metrics such as percentage of the token supply held.
The launch of Skypools signifies the next step for the Swingby network which set out with this vision initially over 3 years ago and can now see what was only thought about at first, now come into fruition after years of intense work and development. The DAO project Swingby takes the fundamental tech platform Skybridge a step forward into a hybrid, multi-functional cross-chain swap-bridge connecting global users to swap between BTC, wrapped and unwrapped forms, and ERC20 network coins. New users are anticipated to learn about the existence of a BTC-WBTC-BTCB-ERC20 cross-chain swap-bridge hybrid and begin using it to benefit from the seamless swapping. Skybridge’s latest news and information can be followed through social media and telegram channels.
Twitter: https://swingby.network/twitter
Telegram: https://swingby.network/telegram
Media Contact:
Brendan Brown
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118432
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
Blockchain
Tech Trends Shaping Retail: From AI to Blockchain
Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.
Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.
Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.
Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.
Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.
Source: 365retail.co.uk
The post Tech Trends Shaping Retail: From AI to Blockchain appeared first on HIPTHER Alerts.
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