Blockchain
Leading Multi-asset Investment Fund Woodstock to Operate Oracle Node on BandChain
Woodstock Fund, a specialized multi-asset investment fund focused on early and growth-stage Distributed Ledger Technology (DLT) startups and blockchain projects, today announced that they will operate a delegated-proof-of-stake node for Band Protocol’s decentralized oracle network.
Blockchains and decentralized applications are unable to communicate outside their native network and require an Oracle, a data layer for Web 3.0 applications, to do so. Band Protocol enables smart contracts to securely connect to external data sources and APIs in a reliable and decentralized manner, powering applications ranging from decentralized finance protocols such as lending and stablecoins to prediction markets and also gaming platforms.
Himanshu Yadav, Co-founder and Managing Partner, Woodstock Fund, said, “We are excited that Woodstock will be the first India focused BandChain validator node that will power the data layer for our investment portfolio and other public decentralized networks and applications.”
“Alongside a portfolio of leading blockchain projects such as Elrond, Holo, Marlin Protocol, Casper Labs – Woodstock has been a long-term supporter of Band Protocol as a private investor and strategic partner to help expand its global footprint, especially into the rapidly growing Indian blockchain ecosystem. Band token has also been recently listed on one of the largest Indian exchanges WazirX,” he added.
“Woodstock operating a validator node on BandChain will allow the Indian and global community to contribute to the BandChain decentralize oracle network under a trusted and reliable entity,” said Band Protocol CEO Soravis Srinawakoon. “This will open the doors to a truly global permissionless data layer that supports all blockchain applications and smart contract platforms.”
On June 10, 2020, Band Protocol released BandChain, an independent blockchain with cross-chain compatibility that is built specifically for oracle computations and to accommodate user-defined requests in a scalable manner and in real-time. Anyone can use Band Protocol to create a fine-tuned decentralized oracle that queries data in a permissionless environment from any Web 2.0 APIs and sends it to smart contracts in a verifiable yet secure manner.
The decentralized oracle network is operated by validators who retrieve data from specified sources and aggregate them into a deterministic, single value for smart contract usage. Secured by delegated-proof-of-stake, validators, who are chosen to fulfil data requests based on stake-weight, are required to stake or lock-up BAND tokens in order to contribute to the curation of data in return for a portion of data request fees and inflationary revenue for producing blocks on BandChain.
With the exponential growth of decentralized finance, reliable oracle solutions such as Band Protocol are critically important to ensure that the millions of dollars locked up in protocols are secured. Similarly to Chainlink, it will be interesting to see how Band will grow alongside the ever-growing world of decentralized finance and smart contract platforms.
bybit lucky
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.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain4 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
