Blockchain
Omnisphere: Technological Solutions Beyond Web 3.0 and Blockchain
In a world that is quickly moving towards Artificial intelligence and decentralization, it is no doubt that web 3.0 and blockchain technology will most likely be the next big thing. The ability of web 3.0 to integrate semantics into our interactions with machines is outstanding. It can perfectly tailor our web experiences to personal taste already makes it a mind-boggling innovation.
There is no doubt that these technological solutions will shape the way we live in years to come. However, beyond these solutions are innovations that will not only shape the way we live but will influence how we see life itself. Welcome to the Omnisphere!
Omnisphere is a unique blockchain innovation that will enable users to be seamlessly onboarded onto web 3.0 applications. At the same time, giving the users full sovereignty over their data and all the security needed. All of this is achieved through the combination of decentralized capacity, blockchain, and private full-stack applications.
Omnisphere offers a platform that combines the best features of web 3.0 and the blockchain to provide a truly sovereign, efficient, and decentralized internet. In addition, users can exist digitally only once and exert complete control over their data. This rich data resource ensures that their web experiences are tailored to their taste and open up unending web opportunities.
What are the unique technological innovations Omnisphere employs to achieve this?
The Omniverse makes use of overlapping layers of networks, with each one fulfilling a specific purpose. This structure of networks enables the Omniverse to function perfectly while delivering value on many fronts simultaneously.
1. THE OMNIGRID: this is the first layer of the Omnisphere, and it is a distributed peer-to-peer network of computers that deliver computing, storage, and network capacity.
It is responsible for storing user data in decentralized storage and ensuring that users and authorized apps can remotely access stored data.
It is the base IT capacity layer that provides computational power to the UNISPHERES and the OMNICHAIN and is a leaner alternative to centralized data infrastructures that dominate the internet today.
2. THE OMNICHAIN: This is the second layer of the Omnisphere. It is a blockchain innovation that runs on the omnigrid decentralized capacity. It hosts all the smart contracts in the Omnisphere and also validates the transactions related to these smart contracts. This ensures data security as it is being exchanged through the Omnigrid.
The Omnichain uses a consensus engine that is built on top of the Polkadot blockchain. It sources information by interacting with oracles which are external sources of information, and then it captures and holds such information.
One of the beauties of the Omnichain innovation is that it can be seamlessly integrated with any blockchain network; this will make the onboarding of users very easy and accelerate the next generation of internet products.
3. THE OMNIVERSE: The Omniverse is the third layer of the Omnisphere. It is a network on top of which anyone can build web 3.0 applications; these applications enjoy total user privacy, high security, and immunity to censorship or data espionage.
The Omniverse contains unlimited Unispheres, which have countless UNIWEBS, OMNIAPPS, UNIAPPS, and UNICHAINS.
Unispheres are decentralized private environments running on top of the OmniGrid, they are integrated with specific communities, and each application is deployed in its Unisphere. A Unisphere contains a blockchain, an identity management system, and enough computing and storage capacity to host any Uniapp.
Unichains contain unicontracts which are smart contract protocols used for deploying Unispheres using UniApps inside Omnispheres.
Omniapps are applications running inside the Unispheres; they could be social media apps, networking, or video conferencing apps.
Uniapps are decentralized and custom-developed applications. They are coded in the Vlang and are fully integrated with UNICHAINS and UNISPHERES.
The internet is one of the most innovative technologies, and the web has always moved from less innovative products to more innovative ones. There is no doubt that the internet is primed to move towards a more decentralized web specifically designed to give the best user experience. It is interesting to watch how these innovations happen, and this innovation by Omnisphere is incredible. Surely, the future is here!
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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