Blockchain
Huawei Cloud in Token2049: Fueling Web3 Advances
Token2049, Asia’s influential Web3 event, was held in Singapore from September 10 to 15. During the event, Huawei Cloud showcased staking node engine, confidential computing, and ZK rollup and discussed the future of the Web3 industry with top vendors, builders, and developers. Huawei Cloud also expressed their commitment to accelerating Web3 innovation with leading technologies.
Minute-level ZK Rollup Average Transaction Confirmation Time for Efficient ZK Running Environment
In TimeStamp2023 session held on September 11, Xue Tengfei, Huawei Cloud Web3 Technical Planning Expert, shared Huawei Cloud’s innovative attempts in ZK hardware acceleration. With Huawei-developed XPUs, system-level architecture innovation, and optimized algorithms, the average transaction confirmation time of ZK rollups is expected to plummet from hours to minutes.
Xue Tengfei said, “We believe that the significant reduction in the transaction confirmation time of ZK rollups will pave the way for the large-scale use of Web3 applications. It will not only improve the performance and scalability of blockchains, but also provide more possibilities for industries and application scenarios.”
Huawei Cloud QingTian Enclave Safeguards Transactions
On September 12, in Blockchain Security Alliance Meetup initiated by the Blockchain Security Alliance, Zhang Ziyi, Chief Architect of Huawei Cloud Blockchain, introduced innovative technologies provided by Huawei Cloud. He presented Node Engine Service (NES) for Ethereum staking node hosting, QingTian Enclave security framework, and ZK rollup hardware acceleration.
Zhang Ziyi said, “Web3 project participants can access NES to host their public blockchain nodes in an easy, stable, reliable, and efficient way. By now, service providers of blockchain data, wallets, and DApps have started their journey with NES.”
In addition, Jia Xiaoqiang, Director of Huawei Cloud Virtualization Products, introduced Huawei Cloud’s Web3 solution aiming to secure systems, applications, and sensitive data in wallet scenarios.
Jia Xiaoqiang said, “Huawei Cloud QingTian Enclave confidential computing solution is just like a safe for wallet private keys. It supports environment and identity authentication and full-link data encryption and decryption. Applications and data can be run with protection on Huawei Cloud Elastic Cloud Servers (ECSs). Unauthorized users and third parties are isolated to maintain transaction security of private keys and wallets.”
IPFS Cloud Data Ecosystem with Tenfold Rewards
At the Fil Dev Summit on September 12, Bai Tao, Chief Cloud Storage Solution Architect of Huawei Cloud, shared InterPlanetary File System (IPFS) data service and elastic cloud deployment solution jointly developed by Huawei Cloud and partners. Huawei Cloud, with over 18 years of experience in enterprise-level storage, aims to deliver cloud storage services that are not only cost-effective but also highly efficient.
Bai Tao said, “Huawei Cloud’s cloud data entry simplifies the process of storing data on IPFS, resulting in a 10-fold increase in data rewards and reduced data storage overhead for enterprises. Additionally, Huawei Cloud’s large-ratio EC technologies enable 91% effective capacity usage of disks and scalable storage for data up to 10 EB-level. With the elastic cloud deployment solution, users can choose offline encapsulation, cloud verification, or end-to-end cloud deployment.”
Node Creation in Seconds, 99% Staking Effectiveness: Unlocking Web3 Performance
On September 12, Zhang Ziyi shared more about Huawei Cloud NES at MetaEra Summit during Token 2049.
Zhang Ziyi said, “NES comes together with Huawei Cloud’s homegrown innovative algorithms. Users can thus enjoy up to 99% staking effectiveness and higher rewards using NES.” Currently, Huawei Cloud’s hosting service of staking nodes has been launched on their website and is open for OBT.
Providing “Everything as a Service”, Huawei Cloud aims to offer robust infrastructure that enables advanced, distributed computing power for Web3. This commitment extends to building an open, efficient, and secure blockchain platform that can foster innovation in the Web3 ecosystem.
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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