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Blockchain

Interlay announcing XCC: Non-custodial and cost-efficient BTC bridging. DeFi BTC becoming more secure

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In its pursuit of self-custody BTC DeFi on all chains, after launching the Kintsugi Bitcoin bridge – the first trustless Bitcoin bridge on Kusama, the interoperability network Interlay released a technical paper of a new protocol named XCLAIM Commit (XCC). The protocol increases the security of users’ funds and improves the capital efficiency of vaults. XCC extends XCLAIM (published in 2018) – the technology underpinning Interlay’s flagship interBTC and kBTC products.

XCC vaults will need less collateral than XCLAIM to achieve the same economic security guarantees, resulting in:

  • lower network fees for users
  • higher returns for vault operators
  • more liquidity available on the bridge – due to the vastly increased capital efficiency of collateral

To capitalize on XCC’s benefits, users can bridge BTC to “HODL & Earn”. When BTC is staked directly into DeFi protocols, the funds are locked and generally don’t need to be used for a long time. With XCC any Bitcoin that is staked long-term and is not intended to be moved can essentially ‘release’ its collateral. The released collateral can then be reused to secure other, “liquid” BTC being bridged. This allows vaults to serve more users with the same collateral. Synchronization of locking mechanisms between Bitcoin and the DeFi chain is achieved by utilizing a checkpoint technique often seen in Ethereum L2s – applied to Bitcoin.

The resulting “on-demand collateralization” is an innovative new concept in cross-chain communication and has the potential to be a game-changer in building truly decentralized bridges. It allows for more flexibility and drcrnto networks of bridge operators can tailor their collateral deposits to the usage patterns of BTC and their users’ investing styles.

“interBTC, aiming to become the equivalent of DAI for BTC, already decentralized Bitcoin custody. However, the goal always was to achieve non-custodial BTC DeFi – a very hard problem to solve. XCC sets a milestone in this regard, finally enabling theft resilient and easy to use Bitcoin DeFi.” – Alexei Zamyatin, Interlay Co-founder & CEO.

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Once live, XCC will allow users to stake their BTC in a few, selected DeFi applications, benefiting from high security and capital efficiency. The new product will exist in synergy with interBTC (iBTC): XCC BTC will be used for long-term staking in selected applications (“hold & earn”), while interBTC caters to DeFi use cases requiring dynamic liquidity and composability across protocols.

Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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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

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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.

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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.

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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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CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More

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