Blockchain
Palo Alto Networks Partner Successfully Certifies ILCoin’s 5GB Block on Live Network
A Palo Alto Networks Partner has recently announced that it has certified a 5G block from the ILCoin project after successful testing on a live blockchain network.
The production of a 5GB block became possible through the use of the RIFT protocol, which allowed ILCoin to significantly increase the block size while maintaining transaction speeds.
“RIFT protocol disrupts the very concept of blockchain: mainly with the idea that simultaneous asynchronization is, in fact, technically possible. With RIFT, we are able to solve both the FIFO and the bottleneck problems and manage large blocks at unprecedented speed,” explained Norbert Goffa, the Executive Manager of ILCoin.
The 5GB block generated by the ILCoin project can be verified through the ILCoin Block Explorer under number 310280 on the ILCoin live network (BlockHash: 000000000000027b27a4df36d444336756ba14c71d2bbd6af91442166447dcdc). The open-source Qt-wallet, available for Windows, also allows verifying its validity. The verification procedure requires users to install the Qt-wallet and synchronize the blockchain before opening the Debug window, selecting the Console tab and entering the “getblock” command to retrieve the information on the block hash.
The RIFT protocol relies on a 2nd layer blockchain solution based on mini-blocks with their own block numbers pointing to the last mini-block added to the network and the parent block. The references included in mined parent blocks point to mini-blocks, which, in turn, contain references to transactions. The automatically generated mini-blocks, which are not mined, result in the creation of separate blocks, thus allowing for increasing block sizes and solving many of the issues associated with scalability.
The properties of RIFT allow it to effectively solve the scalability issues and establish a reliable technological basis for economically efficient use of distributed ledger technologies. The RIFT protocol bypasses the First In, First Out method, which resulted in network bottlenecks, as larger blocks congested the system with smaller block queues in expectation of confirmation.
The successful production of a 5GB block, as well as the launch of the RIFT protocol by ILCoin allow the project to offer entirely new decentralized, asynchronous solutions that have already outpaced speeds of VISA by over ten times. Equally notable is the fact that RIFT has resolved the issues associated with scalability and transaction speeds, making it the solution of choice for many industries.
More details about the certification can be found on the project’s website and in Telegram channel.
SOURCE ILCoin
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
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