Blockchain
Ethanim CEO Takaaki Ansai: The Metaverse must be Fully Decentralized
In a recent interview, Ethanim CEO Takaaki Ansai expressed his views on the development of the metaverse: “Many metaverse products or ecologies are still centralized, which could not be called real metaverse. Only the decentralized metaverse is safe, free and eternal, and that is the real metaverse.”
After years of development, the Internet industry has been in a difficult situation. The technological innovation is needed to enter a new round of growth. In 2021, the popularity of the metaverse concept gives people new hope. The new form of Internet, which brings together many new digital technologies, is leading a new wave of technological innovation. The metaverse concept application innovatively introduces a decentralized economic system based on blockchain. NFT becomes an important carrier of the whole system, which successfully bridges the virtual world and the real world. It makes the confirmation of assets and identity as well as circulation realizable possible.
“At present, although the metaverse concept application chain games in the market introduces a decentralized economic system, many chain games only make the digital assets or NFT assets on the chain. The chain game application itself is still deployed on centralized servers, which cannot avoid the situation of the user assets or game being manipulated by individuals or institutions.” Ethanim CEO Takaaki Ansai said, “Ethanim was born to solve the problem through trusted computing technology and innovative ecological logic. So that the whole of the application is on the chain. It helps the chain games implement decentralization to provide users with a real metaverse.”
It is understood that Ethanim is a new generation of public chains, which is a tailor-made metaverse to support the full decentralization of any large application. It uses an entirely new solution that is different from traditional blockchains. It creates a trusted execution environment and monitoring process for applications – RSM (Reliable State Machine). It places the nodes running applications within trusted constraints, regulates and monitors the code integrity and running state of applications, and ensures that the right applications are running in the right place.
At the same time, Ethanim introduces validators to validate the consensus of the reliable state machine, which ensures the decentralization and security of the system. This validation will be very simple, efficient, and does not affect the system performance, so that there is no need for multi-node consensus on the computation results. It solves the problem of inefficient consensus on complex computation from the origin.
In addition, Ethanim not only makes the nodes trustworthy, but also clones real-time snapshots of the applications and stores them in a distributed manner. The users’ behavioral information, digital assets, and virtual identities will be eternal. Even if the application developer modifies the application rules or suspends the running of the application, any community user can restore the application to an arbitrary state at any time. Therefore, Ethanim has historically made the metaverse applications eternal.
Ethanim enables applications to be “eternal” and “decentralized” by making them “trustworthy at runtime” and “recoverable by anyone when shut down”. With this new application decentralization solution, Ethanim creatively support the decentralization of any large application for the first time. It will become a metaverse infrastructure and portal.
After the launch, Ethanim will focus on the techniques to publish the test network online as early as possible. At the same time, Ethanim also looks for partners to lay a foundation for the future ecology of the metaverse.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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