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.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
- Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
- Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
- Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
- Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
-
Blockchain Press Releases5 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases6 days ago
Moby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain6 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain Press Releases4 days ago
Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases3 days ago
Vantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain3 days ago
Money Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain7 days ago
Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases6 days ago
Bitget Lists peaq (PEAQ) on Launchpool with 12,125,000 Tokens in Rewards