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Dunya Labs Releases India’s First Infrastructure Tool for Global Blockchain EOS

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Dunya Labs, a blockchain studio in Bangalore, launched its first product today. The product, Eclipse, is an intelligent automated resource management tool for developers and teams building on the EOS blockchain and launched with seven flagship customers from China, Korea, and the US. Dunya Labs is the first company in India to release an infrastructure product for the EOS blockchain.

Eclipse is an infrastructure platform built for a public blockchain called EOS that can be used by decentralized applications (dApp). However, the impact of Eclipse is two-fold: by abstracting away complexity for both users and dApp developers.

The design of EOS blockchain allows many benefits, compared to other public blockchains. EOS is extremely fast and scalable, and is written in C++, a language familiar to many software developers. Some aspects of EOS design resulted in bottlenecks for dApp development and use.

Eclipse is the first product for EOS to completely solve these bottlenecks and offers an end-to-end solution which is completely invisible to developers and users, allowing participants to seamlessly make transactions on the blockchain very similarly to how they interact with applications built on the traditional web.

“Better user experience and developer tooling is what will drive the real wave of decentralized, blockchain-based application adoption. We are very honored at Dunya Labs to contribute to that process. We believe that in the future, blockchain applications will feel just like centralized applications; and we are providing the bridges to make that a reality,” says Cathy Guo, CEO and Co-Founder of Dunya Labs.

EOS is a general-purpose smart contract platform developed by Dan Larimer, who also built application-specific blockchain platforms Steemit and Bitshares. Since the EOS mainnet launch in June 2018, the EOS platform has witnessed explosive innovation, activities and community engagement with over 500,000 account holders, more than 5 million transactions made per day, and one of the most exciting infrastructures and dApp development platforms in existence. (http://www.dappradar.com).

The Dunya Labs team behind Eclipse comes from top global technology product and infrastructure companies. The team has spent years in the blockchain space, and has hosted several in-person, hands-on developer workshops for EOS for hundreds of participants.

In India, less than 1% of the country’s developers have exposure to blockchain development, and experience is limited to platforms such as Hyperledger and Ethereum. Dunya Labs aims to bring India to the global blockchain frontier through community participation, developer education, and now products.

Eclipse is just the first step towards lowering hurdles for users that come to blockchain from the traditional web. At Dunya Labs, our goal is to help people use public blockchains with ease and ensure they can focus on solving actual problems versus getting stuck with integration or build issues. We do that with our best-in-class engineering team and practices. We take a lot of pride in these,” says Srivatsa Katta, Head of Engineering at Dunya Labs.

 

SOURCE Dunya Labs India Pvt. Ltd.

Blockchain

Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

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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.

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Blockchain

Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak

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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.

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Blockchain

Tech Trends Shaping Retail: From AI to Blockchain

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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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