Tech
AllianceBlock launches solution enabling users to prove their digital ID without compromising privacy
AllianceBlock announced on November 9 the launch of its Trustless IDentity Verification (TIDV) solution on Mainnet. The initial integration will take place through the Fundrs platform with the aim of developing smooth pathways into decentralized finance (DeFi).
Trustless Identity Verification is an application built on blockchain technology that addresses the issue of securely exchanging verified data. To make this a reality, one group of users must first demonstrate their digital identification without compromising their privacy.
The second group of users will be able to evaluate the participants with full faith in the authenticity of the data, which will assist in avoiding any regulatory issues. By only needing the Know Your Customer (KYC) procedure to take place once with TIDV integrated solutions, TIDV makes it easier for consumers to engage with goods that require compliance.
Users may have peace of mind knowing that their personal information is held solely by themselves and the companies or organizations whose services or products they have requested access to. No single record of their data is kept by any other party, not even GBG (Global Identity Services) or AllianceBlock.
CEO and Co-Founder at AllianceBlock, Rachid Ajaja, said:
“Trustless IDentity Verification has the ability to revolutionize the way compliance is managed in DeFi and blockchain. It will give users complete control over their online identities and let them connect to different integrated dApps and revoke permissions if needed.”
Key features of TIDV
One of TIDV’s most appealing features is that it requires customers to go through the KYC procedure just once in order to create a verified identity that can be used for verification purposes with TIDV-integrated dApps and apps.
Most industry professionals predict that regulations pertaining to DeFi will soon be implemented, and retail investors are already acutely aware of the need to find a suitable compliance solution.
Users need to verify their identification with AllianceBlock’s identity verification partner, GBG, and link their crypto wallet once with TIDV.
Boris Huard, Managing Director, EMEA, at GBG, stated:
“GBG’s Know Your Customer (KYC) solutions help bridge the gap between traditional finance and decentralised finance. Our global end-to-end solutions are quick to deploy and ensure the identities of potential users are verified in seconds, creating a secure environment that meets compliance needs without sacrificing the user experience.
Users protected from moment of onboarding
AllianceBlock’s integration into the platform guarantees that blockchain users are protected from the moment of onboarding, with no disruption to the user experience, by means of thorough and trustworthy KYC checks.
Startups may need KYC to comply with regulations, and prospective capital providers (funders) can undertake KYC on TIDV to participate in KYC-required fundraising rounds. Ultimately, TIDV’s integration with Fundrs allows for compliant fundraising rounds. dua Token, the first listing on Fundrs, will also utilize this new interface to conduct compliant fundraising rounds.
Future integrations include the DeFi Terminal, DEX, and Data Tunnel. Being able to undertake KYC once and apply the same verification across numerous solutions makes it easier for consumers to participate and interact compliantly across these solutions and reduces the number of submissions they must make.
The post AllianceBlock launches solution enabling users to prove their digital ID without compromising privacy appeared first on Finbold.
Tech
SniperX Revolutionizes Memecoin Trading with Direct Integration on X
TL;DR
- SniperX enables trading memecoins directly from the X timeline, eliminating the need for external platforms.
- It offers real-time analysis with one-second candlestick charts, live trading volumes, and instant price updates.
- It combines social trends with market tools and a referral system to enhance user experience.
SniperX, an innovative memecoin trading bot, has recently been launched for X users. This new tool aims to revolutionize how traders interact with the market, enabling transactions directly from the social feed without leaving the platform. With the launch of SniperX, users can buy memecoins more quickly and easily, using just the token’s ticker symbol or contract address (CA).
The main advantage of SniperX is its seamless integration with the X user experience. Now, users can trade while browsing their timelines without needing to access external trading platforms. This approach simplifies the process, removing intermediate steps and making memecoin trading more accessible to anyone familiar with social media.
Introducing SniperX
The first memecoin trading bot for X
It’s time to change the game forever pic.twitter.com/hHbxvCgxbV
— Sol Sniper (@solsniperxyz) November 28, 2024
One of SniperX’s most important features is its ability to provide advanced real-time analysis tools. Users can access candlestick charts with one-second intervals, live trading volumes, and up-to-date price data. This valuable information allows traders to make quick and accurate decisions, staying ahead of market movements and maximizing investment opportunities.
SniperX: The Attention Economy
What truly sets SniperX apart from other trading platforms is its ability to merge social trends with traditional market analysis tools. Users can identify which tokens influencers are promoting and which topics are generating the most buzz on the network. Influencer rankings show who is driving conversations, providing a unique advantage in spotting future memecoin stars.
Additionally, SniperX incorporates a referral reward system, allowing users to earn a commission every time their friends make trades using the bot. This additional monetization strategy serves as a strong incentive to encourage the adoption of the tool.
The bot not only offers a faster and more efficient way to operate in the memecoin market but also integrates the power of social media and the trends of the “attention economy,” creating a new approach to market trading
The post SniperX Revolutionizes Memecoin Trading with Direct Integration on X appeared first on The Cryptocurrency Post.
Tech
StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology
TL;DR
- StarkWare has announced an initiative to scale Bitcoin and Ethereum using zero-knowledge (ZK) technology, backed by a $1 million research fund. The initiative aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments.
- The Bitcoin community is considering a technical proposal known as OP_CAT. If approved, it could enable potential STARK scaling on the Bitcoin blockchain. StarkWare supports OP_CAT and describes it as “the safest path for Bitcoin to scale.”
- StarkWare recently introduced a new scaling framework, ZKThreads, which could prevent trapped funds and enhance the scalability of decentralized applications.
StarkWare, a leading blockchain technology company, has announced a bold initiative to bring Bitcoin to the masses. Backed by a $1 million research fund, the company aims to use zero-knowledge (ZK) technology to scale Bitcoin and Ethereum simultaneously.
The initiative is centered around Scalable Transparent Argument of Knowledge (STARK) cryptography, a form of ZK technology. StarkWare’s announcement aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.
StarkNet, a recognized permissionless and decentralized rollup for Ethereum, will serve as the cornerstone for the scaling solution of Bitcoin and Ethereum. Rollups function by consolidating hundreds of thousands of transactions off-chain, and then validating them on-chain at a significantly reduced cost.
StarkWare CEO and co-inventor of cheat-proof ZK cryptography, Eli Ben-Sasson, stated in a press release, “Bitcoin today is mighty, but still a fraction of what it can be.”
Boasting a valuation of $8 billion from its latest funding round, StarkNet declared that it initiated trials of zero-knowledge proofs on Bitcoin back in March. This followed their pledge to release their technology under an open-source license.
The Potential of OP_CAT
The Bitcoin community is currently considering a technical proposal known as OP_CAT. If approved, it could pave the way for potential STARK scaling on the BTC blockchain. Ben-Sasson expressed StarkWare’s support for OP_CAT, describing the OP_CAT Bitcoin soft fork as “the safest path for Bitcoin to scale.”
Introducing ZKThreads
This announcement follows StarkWare’s recent introduction of a new scaling framework, ZKThreads. Louis Guthmann, head of product/market strategy at StarkWare, believes that the framework can prevent trapped funds and enhance the scalability of decentralized applications, potentially preventing a recurrence of incidents like the FTX-Alameda collapse.
StarkWare’s ambitious plans demonstrate the potential of ZK technology to unlock and benefit Bitcoin and the broader blockchain community. As the company seeks to promote research into OP_CAT, the future of Bitcoin could be on the brink of a significant transformation.
The post StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology appeared first on The Cryptocurrency Post.
Tech
New Features and Integration: Katana DEX Enhances User Experience on Ronin
TL;DR
- Integration and Simplified User Interface: Katana DEX, Ronin’s decentralized exchange, has been integrated into Ronin Apps, centralizing various services on app.roninchain.com. This integration simplifies the user interface.
- Wrapped RON (wRON): Users can now wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. This update simplifies the wrapping process, enhancing security and convenience.
- Innovation Zone and Expansion: Katana plans to introduce the Innovation Zone, providing a safer space for users to access newer, more volatile tokens and opportunities for third-party builders to launch new tokens. Since its launch in 2021, Katana has supported liquidity for various game tokens.
Ronin’s decentralized exchange, Katana, has introduced significant updates to improve user experience and expand functionality. The platform, which allows users to swap, pool, and farm tokens, has now been integrated into Ronin Apps, centralizing various services on app.roninchain.com.
Simplified User Interface: The integration brings a simplified user interface, making it easier for new users to navigate the ecosystem. All functionalities, including swapping, pooling, farming, bridging, and staking, are now accessible from one location. This update eliminates the need to use separate platforms for different actions, streamlining the process for users.
Wrapped RON (wRON): Another key update is the ability to wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. wRON is essential for making offers on Mavis Market and participating in Ronin ERC20 token launches. The update simplifies the wrapping process, enhancing security and convenience.
The Innovative Features that Will Proppled Katana DEX to the Future
Legacy Website Redirection: The legacy Katana website will soon redirect users to app.roninchain.com, with the transition expected to be completed by May 7th, 2024. This change will unify the user experience across mobile and desktop browsers.
Innovation Zone: Looking ahead, Katana plans to introduce the Innovation Zone before the end of summer. This new feature will provide a safer space for users to access newer, more volatile tokens. It will also offer opportunities for third-party builders to launch new tokens and for users to create new liquidity pools.
Growth and Expansion: Since its launch in 2021, Katana has supported liquidity for various game tokens, including Pixels, Apeiron, and Play & Kollect. The integration with Ronin Apps is a strategic move to simplify user interactions and lay the foundation for further growth.
The updates to Katana DEX reflect Ronin’s commitment to enhancing user experience and fostering innovation within its network. As the platform continues to evolve, it promises to bring exciting new opportunities for users and developers alike.
The post New Features and Integration: Katana DEX Enhances User Experience on Ronin appeared first on The Cryptocurrency Post.
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