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Blockchain

BSV Blockchain: Building trust at scale

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The BSV blockchain is described as a “secure and stable” peer-to-peer technology designed for scalability and enterprise-level use cases, according to a report by BSV’s Swiss-based custodian organization, the BSV Association, and Boston Consulting Group.

The report addresses trust issues in the digital age, highlighting how blockchain can resolve these problems. It includes real-world use cases demonstrating the advantages of blockchain in AI, IoT, and Web3 applications.

Unique Features of BSV Blockchain

The report emphasizes several unique features of the BSV blockchain that make it suitable for new digital age challenges and enterprise adoption:

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– Efficient Scaling: BSV achieves 14,000 transactions per second (tps) and aims for over one million tps with the Teranode update, surpassing traditional payment processors like Visa.
– Low Transaction Costs: With fees as low as $0.0000006, BSV is more cost-effective than platforms like Stripe, which charges 1.5% to 3.25% plus a flat fee of $0.27.
– Resilience and Reliability: Operating reliably for over 5 years, BSV has processed more than 3.6 billion transactions.
– Sustainability: BSV emits about 0.03kg of CO2 per transaction and consumes less than 500 MWh of energy daily, demonstrating greater efficiency than other Proof of Work blockchains.
– Security: Anchored in a PoW mechanism and a UTXO-based token model, BSV offers a “trustworthy and immutable blockchain architecture.”
– Regulatory Compliance: BSV is not classified as a security and follows legal rules governing its nodes.

Scalability with Teranode

The Teranode upgrade, initiated in January, is a major enhancement for BSV’s node software, enabling horizontal scaling and providing new microservices. Teranode supports 1 million transactions per second, significantly outpacing Visa, and reduces transaction fees as usage increases, presenting an economic advantage for high-volume businesses.

Real-World Applications of BSV Blockchain

The report showcases several businesses utilizing the BSV blockchain across various sectors:

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– Finance: Centi B2B Solutions uses BSV to simplify stablecoin transactions and has processed over one million micropayments in 24 hours.
– Internet of Things: Rekord IOT leverages BSV for data management and security in IoT infrastructure.
– Supply Chain: Gate2Chain’s Trace platform uses BSV to enhance transparency and efficiency in supply chains, with partnerships including IBM in Poland.
– Invoicing, Storage, and Identity: mintBlue offers a scalable infrastructure for blockchain applications, with clients like Visma | Yuki and the Dutch Chamber of Commerce.
– Gaming: FYX Gaming uses BSV for its FYX Gateway product, supporting seamless asset exchange in gaming platforms.
– XR Metaverse: Transmira’s Omniscape platform monetizes XR using BSV, enhancing fan engagement and driving sales.
– Ticketing and Events: ComplexCon uses a BSV-powered app for digital collectibles and exclusive event perks.
– Tokenization: Tokenovate streamlines digital token management for businesses, benefiting from BSV’s scalability and affordability.

Source: coingeek.com

The post BSV Blockchain: Building trust at scale appeared first on HIPTHER Alerts.

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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