Saakuru has recently achieved significant milestones in its development, positioning itself as a leader in the gasless blockchain revolution that is reshaping the industry. Within just nine months of its launch, the consumer-centric L2 protocol has entered the top 5 brands in its niche and records over 1.44 million weekly users, according to data from DappRadar.

The project is gearing up for the official launch of its Saakuru token ($SKR) by the end of April, supported by a successful private funding round that raised $2.4 million. Saakuru Protocol stands as a pioneering advocate of gasless technology, aiming to accelerate the adoption of Web3 into the mainstream by enhancing the user experience and reducing costs for both developers and end users.

Unlike traditional blockchain networks, which often suffer from high gas fees and security issues, Saakuru Protocol leverages Oasys High-Speed Optimistic Rollups to create a public-permission, gas-less L2 blockchain. This innovative approach eliminates gas fees, improves user experience, and introduces new tokenomics models, enabling the development of versatile decentralized applications with higher security standards, cost-effectiveness, and ease of use.

The Saakuru token serves as a multi-purpose token within the protocol, providing utility and governance. Its advanced burning mechanism gradually reduces the token supply while potentially increasing its value. The token is integrated into all operational layers of the Saakuru protocol:

1. Developer Layer (Saakuru Labs): Provides products and services with proprietary business models, burning 10% of profits.

2. DeFi Layer (Taffy DEX): Utilizes Taffy DEX technology, where 0.005% of transaction fees are converted to SKR tokens and burned.

3. Governance Layer: Enables token holders to participate in protocol governance, with 5% of tokens used for governance initiating the review process being burned.

4. Protection Layer: In the event of triggering the protection mechanism, SKR tokens are burned, with 3% of saved tokens being burned.

Through these innovative features and layers, the Saakuru token and protocol aim to drive adoption, enhance functionality, and provide sustainable value for users and stakeholders alike in the evolving blockchain landscape.

Source: finance.yahoo.com

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RFK Jr.’s innovative proposal seeks to revolutionize how the American public interacts with the national budget, leveraging blockchain technology to provide unprecedented levels of transparency and accountability.

Under this plan, every detail of the U.S. budget would be recorded on a blockchain ledger, accessible to the public 24/7. RFK Jr. highlighted the transformative potential of blockchain by emphasizing that “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” This approach aims to engage citizens in the fiscal management of the country, with the goal of ensuring that every dollar spent is visible and accountable.

The proposal promises several significant benefits. Firstly, it could substantially reduce corruption and misuse of funds by enabling real-time monitoring of budget allocations. Secondly, it could strengthen the relationship between citizens and their government, potentially fostering greater trust and civic engagement.

However, implementing such a system presents challenges. One major obstacle is the immense amount of data involved in transcribing the entire national budget onto a blockchain. This requires a highly robust and scalable blockchain infrastructure. Additionally, ensuring universal access and usability of this technology for all Americans may require extensive educational initiatives and improvements in digital infrastructure.

Moreover, there are concerns regarding privacy and security. While blockchain offers inherent security features, the continuous updating and review of vast amounts of data could pose vulnerabilities that need to be addressed to prevent breaches.

Nevertheless, the potential benefits of RFK Jr.’s proposal are compelling. If successful, it could serve as a model for other nations, demonstrating how blockchain can enhance transparency and public participation in government. Ultimately, this initiative has the potential to redefine the standards for accountability and transparency in government spending, marking a significant step forward in the management of public resources.

Source: altcoinbuzz.io

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