Blockchain
Zenon Network announces Alphanet Big Bang – the launch of a new standard for decentralized networks with unique dual coin architecture
Zenon, the layer-1 protocol, announced the launch of Alphanet and pre-Alphanet events, achieving a significant milestone in developing the Network of Momentum Phase 0 (NoM), the first step in Zenon roadmap to a multi-billion userbase decentralized network.
NoM aims to supersede networks such as Ethereum or Solana by solving scalability, usage cost, fairness of the initial distribution, and decentralization.
Technology and Innovation:
With a radically new DLT that combines PoW and PoS, they introduced:
- An unprecedented dual ledger (Meta-DAG + Block-Lattice) architecture
- Three types of nodes (Pillars, Sentinels, Sentries)
- PoW-Links with potential Bitcoin interoperability
- Foundation for mass-scalable zApps controlled by smart contracts
- ZTS allowing anyone to create tokens without a single line of code
- Syrius wallet that redefines user experience with a state-of-the-art design
- Anti-spam mechanism through Plasma which confers feeless transactions
Project funding:
Zenon Network is a community initiative that started in the bear market of 2018.
It’s both rare and impressive that there wasn’t any coin sale or ICO, but an offering of locking BTC to generate ZNN, thus creating value by using BTC as collateral instead of creating a token out of thin air and establish a stable social consensus. Moreover, the locked funds were refunded, which led to tremendous community trust.
Coin Economics and Participation
NoM also introduces a dual-coin approach with ZNN and QSR as primary assets, each with its purpose. ZNN is used as collateral for the network consensus to ensure the validity of transactions and recording of the on-chain data, QSR is used as collateral for nodes (Pillars and Sentinels) and to generate Plasma to achieve higher throughput.
There are three ways to participate in the network as an infrastructure provider:
- By running a Pillar node (15,000 ZNN) – up to 80% APY
- By running a Sentinel node (5,000 ZNN) – up to 60% APY
- By delegating or staking ZNN (1 ZNN or more) – up to 24% APY
Zenon Pre-Alphanet Events
As the Zenon Alphanet Big Bang is only a few weeks away, there are multiple events open to anyone who wants to be an early pioneer of this revolutionary technology that solves the blockchain trilemma.
Public Incentivized Testnet (PIT) – represents a release candidate version of the Alphanet. Users will have the possibility to acquire Plasma Points ($PP), a new and unique ZTS token only available during the Incentivization Period that will be converted into QSR at Alphanet Launch.
wZNN Liquidity Program – Providing liquidity to the wZNN (wrapped ZNN) – wBNB PancakeSwap pair, the LPs (Liquidity Providers) will earn trading fees from the pool and $PP.
WarpDrive – is a 100.000.000 $PP incentivized hackathon that serves as the ignition of the Alphanet Accelerator.
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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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