Blockchain
Streakk Has Launched a 3rd Generation Blockchain Infrastructure
Dubai, United Arab Emirates–(Newsfile Corp. – May 26, 2023) – Streakk has launched a 3rd generation blockchain infrastructure — one year before the expected time. This milestone marks a significant accomplishment on Streakk’s roadmap as it prepares to launch the mainnet.
Streakk has launched a 3rd generation blockchain infrastructure on which developers and projects can build their own blockchains. Streakk’s 3rd generation blockchain network boasts high-speed, security, and highly scalable solutions with a fixed transaction fee of $0.001, a transaction rate of 100,000 transactions per second, and a confirmation time of 2 to 4 seconds.
Streakk operates on a proprietary consensus algorithm which uses a combination of Proof of Stake (PoS) and Simple Time Protocol (STP). STP works on a verifiable clock and as such incorporates a clock into the blockchain which verifies time taken between two events. This enables validators in the network to know the timestamp of events and eliminates the need for them to check with all available validators every time to record a transaction.
The first use case in the blockchain is the Streakk chain, a side chain built on Streakk’s Main Chain. The Streakk blockchain infrastructure is known as the Main Chain and the blockchains developed within it are referred to as side chains.
Each side chain has its own validators and governance mechanisms that are completely independent from each other. As such, central banks, financial institutions, stable coins, and even private crypto projects can build on this infrastructure independently.
To ensure adaptability, Streakk is launching an incubation for projects that are going to be built on Streakk blockchain chain in 3 ways:
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Advance technical knowledge: Future builders will have access to an experienced Streakk’s technology team that will aim to support all their needs. This way, developers will be equipped with the necessary tools and knowledge to start building.
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Strong positioning for marketing: Future builders can leverage Streakk’s over 1.2 million users to expand their projects.
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Funding: Streakk will provide funds to companies building on the Streakk Blockchain to build and grow their projects.
After announcing the launch of one of the fastest and secure blockchain technology on May 11, Streakk went further to set up its testnet on May 12 — a crucial step towards their upcoming mainnet launch.
The testnet allows the 3rd generation blockchain infrastructure to be open to developers and users for testing. This will enable developers to test and debug decentralized applications (DApps) and blockchain protocols while also allowing users to experience them.
In August, Streakk will officially launch the mainnet and a number of projects will be built on the Streakk chain for the community members.
About Streakk
Streakk is a truly decentralized crypto platform that’s focused on shaping the future of finance.
Social Links:
Twitter: https://twitter.com/streakkofficial
Medium: https://medium.com/@streakkofficial
Telegram: https://t.me/streakkofficial
Website: https://www.streakk.io/
Media Contact:
Name: Natalia Matajira
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167623
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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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