Blockchain
MultiVAC CTO Shawn Ying – The All-dimensional Sharding Plan of MultiVAC is the Ultimate Multi-Core World Computer People Need
Recently, MultiVAC – the public blockchain known as ‘Sharding Killer’ received an interview from the top one Korean blockchain media CoinNess. Dr. Shawn Ying, the CTO of MultiVAC, explained MultiVAC’s Sharding plan in detail.
Sharding plan has become phenomenal in public blockchain’s scale-up research area. Vitalik Buterin, the founder of Ethereum, also expressed his personal confidence in this scale-up plan’s feasibility – ‘Five years ago, almost no one was thinking about sharding; now, sharding designs are commonplace.’ Ethereum plans to launch its first Sharding version (ETH 2.0) in the first quarter, 2020. It’s anticipated that its testnet can reach a much higher TPS than the current one. However, the Sharding plan also faces various challenges like how to solve cross-Shards synchronization, how to avoid state explosion problems, etc. Proposals on the market are far from mature.
Dr. Shawn states, ‘Through the world’s first all-dimensional Sharding plan, MultiVAC achieves effective scale-up in computing, storage, and transmission, and can fully support large-scale application’s implementation in real business scenarios. Compared with other Sharding plans, MultiVAC’s is more efficient, flexible, and scalable. MultiVAC can be deemed as the ultimate Multi-Core world computer which can never be shut down’.
‘In cross-Shards collaboration, MultiVAC is the first to adopt asynchronous collaboration strategy. The asynchronous collaboration makes sure our Shards never block each other. The data miners exchange among Shards are merely block headers, which is very concise and fast. No performance bottleneck is detected yet. And the network is guaranteed to achieve efficient expansion.’
‘In addition, MultiVAC designs a separation mechanism for the data storage right and data control right. Storage nodes will only serve for storing data as the network’s infrastructure, and can not tamper with the data. While, miners nodes have the complete control right of the data, and can verify & update the data through the consensus mechanism. In virtue of this interactive storage strategy, MultiVAC successfully eliminates the possibility of state explosion problem’.
MultiVAC reaches 30784 TPS in the lab test environment. And as the number of nodes and Shards increases, so does the entire network performance. MultiVAC truly achieves the linear expansion of blockchain performance and has breakthroughs in Sharding technology. To pay tribute to the 11th anniversary of the birth of Bitcoin’s Whitepaper, MultiVAC launched a mining client beta test on 31st Oct and delivered a smooth and efficient mining experience for all the testers. It’s reported that MultiVAC testnet 3.0 will launch a brand-new mining client and support dynamic re-Sharding function soon.
SOURCE MultiVAC Foundation
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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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