Blockchain
Partisia Blockchain partners with Polygon to bring MPC capabilities to the Internet of Blockchains
Partisia Blockchain Foundation, an independent non-profit supporting the development of the world’s most advanced zero-knowledge blockchain, announces a major collaboration with Polygon, the leading decentralized Ethereum scalability solution provider. With the partnership, the Partisia network will grant Polygon developers a new platform for privacy-first computations and unlock a new type of smart contract for Polygon’s Internet of Blockchains.
Ethereum, the world’s second-largest blockchain by market cap, has emerged as the leading platform for decentralized applications, but it remains plagued by low throughput and high transaction costs. This set the stage for a variety of scaling solutions to enter the market, offering different approaches and visions to speeding up the Ethereum ecosystem. Polygon is a leading player in this sector, aiming for greater cross-chain interoperability and offering developers a four-layered architecture. Its tiers—the Ethereum layer, the Security layer, the Polygon network layer, and the Execution layer—serve different purposes and allow new projects to fine-tune their integration in line with their specific needs.
Partisia Blockchain adds another platform to Polygon’s vast ecosystem, focusing on data privacy and confidentiality and enabling decentralized multi-party zero-knowledge computations. While not unheard of in the blockchain space, most of the zero-knowledge platforms in the industry only allow two parties to compute a function while keeping their inputs private—a limitation Partisia scraps thanks to its multi-party computation capabilities. The technology enables a plethora of possible use cases, such as, for example, an NFT auction where the system only reveals the winning bid.
Developers building on Polygon will be able to run private computation transactions on the Partisia Blockchain and deploy their custom private computation smart contracts, linking them with their existing decentralized apps on Polygon to it through a dedicated bridge. As part of the collaboration, Partisia will add support for Polygon-native tokens and ERC-20 coins, including their use for paying node fees for running the private computations.
“Privacy is a key Web3 pillar that must lay at the foundation of the Internet’s future,” says Brian Gallagher, Co-Founder of Partisia Blockchain. “We are thrilled to be bringing a confidentiality layer into the Polygon ecosystem, giving the developers in the community a powerful platform to conduct private computations of any complexity. In the long run, this integration will enable a whole new generation of secure and privacy-minded Web3 services.”
“Our collaboration with Partisia opens up countless new and exciting possibilities for all Polygon developers, providing them with additional tools to fine-tune the privacy and security of their projects,” said Antoni Martin, Polygon Enterprise Lead. “Partisia’s MPC and ZK-based smart contracts platform adds an additional layer of confidentiality and private computations to Polygon that will be invaluable for any Web3-focused team.”
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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