Blockchain
ATOR joins peaq as a Web3 privacy layer for DePINs
peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as ATOR joins in as the privacy layer for DePINs building on peaq. ATOR is the DePIN network building the world’s largest global anonymous routing ecosystem. It will expand its liquidity to peaq and conduct a deeper technical integration unlocking its network for other DePINs in the peaq ecosystem.
As more and more people grow aware of the privacy risks we all face in today’s hyper-connected world, online anonymity is ever more urgent. For all their value, most of the options available to people today, such as VPNs or the Tor network, have their own flaws stemming from being too centralized. Many free VPNs double as data aggregation services, tracking their own users, and the Tor network, while being in many ways an exemplary work of pro-anonymity engineers and activists, is bottlenecked by its limited supply of volunteer relay nodes and largely limited to web browsers.
ATOR harnesses the well-established onion routing technology, leveraging the DePIN model to build a growing, incentivized network of nodes. Its network does not rely on centralized authority nodes, instead leveraging a fully-distributed architecture that makes it more resilient and secure. It is also primed for working as an interoperable privacy layer for dApps and other DePINs, enabling them to natively tap into the ATOR network seamlessly using their SDK.
As part of its integration with peaq, ATOR will expand its liquidity to the network, bridging its token with the layer-1 for DePINs. This would enable the DePINs building on peaq to leverage the network as a plug-and-play privacy layer, routing and encrypting their traffic through ATOR’s community-owned relays. ATOR will also explore tapping peaq’s multi-chain IDs and other Modular DePIN Functions for its own DePIN of relays.
“Online surveillance and privacy infringements are growing more egregious by the day,” says Saunder, an engineer at ATOR. “And over half of internet users consider it to be a priority. As DePINs transform industries and connected infrastructure, they must offer their communities a level of privacy without compromising the user experience. With ATOR, DePINs building on peaq will be able to do just that, and we are excited to be moving ahead with this integration.”
“Secure and anonymous traffic is a major component of Web3’s promise of a more privacy-focused and self-sovereign Internet,” says Till Wendler, co-founder of peaq. “ATOR’s anonymity stack makes it a valuable architecture component for any DePIN, and we are certain that it will create a lot of value for the ecosystem.”
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Blockchain
RevoluPAY Enhances Financial Solutions for Humanitarian Aid with MillionBridges and the Norwegian Refugee Council
A lawmaker in Russia has stated that there are no plans for a total ban on cryptocurrencies in the country. This statement provides clarity on the regulatory stance of the Russian government regarding cryptocurrencies and addresses concerns about potential prohibitive measures.
The clarification from the lawmaker indicates that while Russia may be considering regulations to govern the use and trading of cryptocurrencies, there are no intentions to outright ban their existence or usage. This stance suggests a more nuanced approach to cryptocurrency regulation, aiming to balance innovation and development in the digital asset space with regulatory oversight and consumer protection.
The statement may help alleviate uncertainty and fears within the cryptocurrency community in Russia, as well as among international investors and stakeholders. Clear regulatory guidelines and a willingness to engage with the crypto industry can foster a more conducive environment for innovation, investment, and economic growth.
The lawmaker’s assertion that there are no plans for a total crypto ban in Russia provides reassurance to market participants and signals a potentially more constructive approach to cryptocurrency regulation in the country. It remains to be seen how regulatory frameworks will evolve in Russia, but this statement suggests a willingness to engage in dialogue and develop regulations that support the growth of the crypto industry while addressing regulatory concerns.
Source: crypto.news
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Blockchain
A New Cyberpunk-Inspired Meme Coin on the Solana Blockchain Set to Revolutionize the Crypto World
A new cyberpunk-inspired meme coin on the Solana blockchain is poised to revolutionize the crypto world. This announcement highlights the emergence of innovative projects and tokens in the cryptocurrency space, leveraging the unique features and capabilities of blockchain technology.
The new meme coin, inspired by the cyberpunk genre, represents a novel approach to engaging with the crypto community and capturing the imagination of enthusiasts and investors. By tapping into the cultural aesthetics and themes of cyberpunk, the project aims to differentiate itself in a crowded market and attract attention from a diverse audience.
Built on the Solana blockchain, the meme coin benefits from the platform’s high throughput, low transaction fees, and scalability, offering users a fast and efficient experience for transacting and interacting with the token. This choice of blockchain infrastructure reflects a strategic decision to leverage cutting-edge technology and capitalize on the growing popularity of Solana within the cryptocurrency ecosystem.
The press release suggests that the new meme coin has the potential to disrupt the crypto world and redefine the meme coin landscape. By combining elements of cyberpunk culture with blockchain technology, the project aims to create a unique and engaging experience for users while delivering value and utility to holders of the token.
The announcement of a cyberpunk-inspired meme coin on the Solana blockchain underscores the dynamic and innovative nature of the cryptocurrency industry. As blockchain technology continues to evolve and mature, we can expect to see more creative projects and tokens emerge, pushing the boundaries of what is possible in the crypto world.
Source: tech.einnews.com
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