Blockchain
Blockchain Technology – DeFi Adoption Requires Quick Blocking
International companies use distributed led technology. Instead, try to improve efficiency in areas. Such as international payments and the clarity of purchases. That blockchain can replace slow paper processes and improve security.
However, many of the platforms used today are well-designed. Networks are blocked by traffic too fast. Most likely, this leads to latency problems, finally, in an unsatisfactory user experience.
According to McKinsey’s 2019 report, there are now more than 20 billion connected devices worldwide. First, everything “requires data management, storage, and retrieval.” However, the blockchain design is not equipped to handle this massive wave of data, forcing networks to maintain high speed and storage capacity.
Blockchain technology. Ensuring sustainability
Transaction speed is critical to blockchain adoption and sustainability. However, performance should be interrupted.
So far, developers have taken a two-prong approach. The activation of the Beacon Chain mainnet sets the ball rolling for Eth2 and Serenity. A full transition may happen in the next two years. However, the eventual rollout can be fast-tracked. Meanwhile, Vitalik Buterin and the Ethereum Foundation are focused on Layer-2 solutions like Optimistic Rollups says – Bohdan Prylepa CTO of Prof-it Blockchain Ltd and COO in Bitcoin Ultimatum.
Several factors can delay verification. Probably, the main reason is an overcrowded network. When more users submit transactions, there will be long lines of verification locations. This is because miners or regulators operating the network do validation. As evidenced by the publication of the public book. This means that this process reduces the risk. Similarly, it can also provide transaction speed, especially if there is a lot of traffic.
Developers are also trying to figure out how to keep blocks on the network permanently. A significant increase in storage needs can cause the network to slow down and become unstable. The protocol requires member nodes so that you can transfer and download the chain in a short time.
The blockchain trilemma is a technical challenge between downtime, power distribution, and security. Engineers can accomplish either of these tasks but must sacrifice the third.
Automatic authentication has become increasingly important for use. Because street power naming competes with traditional market solutions. For example, there is an urgent need for high bandwidth in the financial services industry, low latency networks, which may be the same as Visa and MasterCard networks’ maximum bandwidth. Which process of tens of thousands is done in a second.
Meet user expectations
Over the past year or so, we have seen several developments. Instead, they draw closer to the truth. Two examples are improvements at the protocol level, as a combination of signature and pipeline installation of block suggestions. Signature integration allows validators with multiple Boneh-Lynn-Shacham cryptographic keys to combine all signatures into a single integrated signature and send as one peer message. When you install the block application pipeline, the validator starts proposing a new block, as you can see, immediately after collecting two-thirds of the signatures. This means that the process of raising a new block and gathering the last third of the signatures takes place simultaneously.
The result of this development is a significant reduction in block termination time. Of course, it can take up to one or two seconds to activate the leading network. The two-second termination is a disturbing, fast-moving aspect of the digital commodity industry as it takes a few minutes to secure Bitcoin (BTC) and Ether (ETH) high prices. Comparison: this is the speed that meets the expectations of regular users. Who uses plastic cards in the store.
Blocking Blockchain
Another solution many blockchain projects are trying to implement is called sharding. The sharding method divides the database into smaller pieces. So that the nodes can process transactions quickly and update the standard register in real-time. The reduction is widely accepted as the best solution for achieving blockchain crashes because it increases transaction value per second and requires less node memory.
Reducing the solution solves the blockchain bloat problem without sacrificing power-sharing and security. Constipation means the difficulty of getting enough memory and receiving a large amount of accumulated information.
Other solutions are also being tested, although they have not yet been implemented on the main net. Danish investigators have come up with a solution. It, therefore, includes a different level of validation to reach the end. As seen, it has been slightly aligned with the standard blocking verification process. However, this has yet to be proven to apply to the main net.
Something is needed. Fast deployment opens up opportunities for DApp developers. Maybe to create the fastest and easiest apps for real action. For example, Brian Brooks, acting head of the Office of the Treasurer, recently wrote to the Financial Times about his view of “autonomous banks.”
Trilemma Solution
They reduce the blocking time they can and should not come because of blockchain security. Solving this problem means making sure that the allocation of power to the network remains a priority. The solutions presented here suggest that a blockchain project can provide power allocation in specific areas—also, lightning safety and speed guarantee.
Due to the applications used, it is faster. Of course, the faster response also leads to higher user satisfaction and retention, which we want to make the most of using the latest Web 3.0 applications. So, wait for seconds or minutes and even confirm the transaction. Technology is becoming widespread throughout the world. Shared registries should provide compelling examples of use. Also, improve key performance indicators and increase return on investment.
Blockchain
Upcoming Layer 1 merging from UAE: Gaya Blockchain
Gaya Blockchain is an upcoming innovative blockchain that unifies gaming, decentralized finance (DeFi), SocialFi, and real-world asset tokenization into a single, user-friendly ecosystem.
Raised 20 million AED from Capstone Technology Group as their lead VC based out of UAE.
Gaya will be powered by its native utility token, GayaCoin, GAYA aims to bridge fragmented digital domains while promoting sustainability, inclusivity, and user empowerment.
– GayaCoin public-sale is mentioned to be released Q1 2025.
GAYA has ambitions to not just please the institutional market as the most advanced Blockchain coming from UAE but also to facilitate a better consumer engagement than EVM for developers and users.
Founding team Abdullah Al-Maksour, Aws Bashir & Sanad Al-Asiri.
Twitter (X): https://x.com/GayaBlockchain
Instagram: https://www.instagram.com/gaya.blockchain?igsh=MTFwY3E2eGxuZzd2dA==
Website: https://www.gayablockchain.io/
Key Highlights
- Unified Ecosystem: GAYA integrates diverse digital domains like gaming, DeFi, SocialFi, and tokenized real-world assets into a cohesive platform.
- Sustainability: The platform pioneers eco-conscious blockchain practices, including carbon tracking and incentivized green initiatives.
- Empowering Users: Democratizes access to premium assets and decentralized governance, giving users control over the platform’s future.
- Strategic Regional Leadership: As the first Layer 1 blockchain in the UAE, GAYA is uniquely positioned to bridge local and global blockchain adoption.
Vision and Mission
GAYA envisions a blockchain future driven by sustainability, inclusivity, and user empowerment. Its mission includes:
- Unifying Digital Ecosystems: Bringing together gaming, DeFi, SocialFi, and tokenized real-world assets on one accessible platform.
- Promoting Sustainability: Adopting eco-friendly blockchain practices, including low-energy protocols and incentives for green initiatives.
- Empowering Users: Ensuring decentralized governance and broad access to premium digital tools.
Ecosystem Overview
GAYA operates on a scalable Layer 1 blockchain and supports decentralized applications (dApps) powered by GayaCoin. Key components include:
1. Play-to-Earn Gaming
- Players earn GayaCoin and NFTs, which can be traded, staked, or reinvested within the ecosystem.
- Combines engaging gameplay with tangible financial rewards.
2. DeFi Platform
- Offers staking, lending, and borrowing services focused on sustainability.
- Prioritizes green investment opportunities.
3. SocialFi Integration
- Rewards content creators via decentralized revenue-sharing models.
- Features innovative governance structures to empower users.
4. Real-World Asset Tokenization
- Enables fractional ownership of tangible assets like renewable energy projects.
- Facilitates eco-conscious investments, making sustainable assets more accessible.
Strategic Positioning
As the UAE’s first Layer 1 blockchain, GAYA integrates culturally relevant and energy-efficient solutions to drive adoption both locally and globally. The platform’s unique positioning allows it to:
- Lead Sustainability: Through low-energy protocols and eco-incentives, GAYA minimizes its environmental impact.
- Empower Users: Fosters inclusivity with decentralized governance, enabling users to shape the platform.
- Support Developers: Provides robust tools like SDKs, APIs, and a Testnet, coupled with incentives such as grants and bug bounties.
Core Features of GAYA
GAYA’s unique infrastructure is designed to tackle major blockchain challenges like scalability, sustainability, interoperability, and governance. Below are its standout features:
1. Layer 1 Blockchain
- Proof-of-Stake (PoS) consensus mechanism eliminates energy-intensive mining.
- High Throughput: Processes thousands of transactions per second (TPS) with minimal latency.
- Security and Decentralization: Ensures robust network integrity without intermediary chains.
2. Eco-Conscious Design
- Carbon Tracking: Records the carbon impact of transactions, promoting eco-conscious usage.
- Sustainability Incentives: Rewards users who support green initiatives.
- Energy Efficiency: PoS minimizes energy consumption while maintaining security.
3. Interoperability via Gaya Virtual Machine (GVM)
- Ethereum Compatibility: Fully supports Ethereum Virtual Machine (EVM), enabling seamless migration of Ethereum-based dApps.
- Enhanced Collaboration: Promotes interoperability between GAYA and Ethereum ecosystems.
- Scalability: Built to handle large-scale dApps with consistent performance.
Key Milestones and Future Outlook
- Funding Success: GAYA has raised over 20 million AED from Capstone Technology Group, a leading UAE-based venture capital firm.
- Token Generation Event (TGE): Scheduled for Q1 2025, the launch of the $GAYA token marks a significant step forward.
- Leadership Team: The platform is led by Abdullah Al-Maksour, Aws Bashir, and Sanad Al-Asiri, all UAE residents with a vision to shape the blockchain landscape.
Why GAYA Stands Out
- Sustainability Focus: By embedding green practices and rewards, GAYA aligns with global sustainability goals.
- User-Centric Approach: Decentralized governance ensures users have a say in the platform’s evolution.
- Innovative Technology: GVM’s compatibility and high-performance features enable seamless dApp integration.
- Regional and Global Impact: As the UAE’s pioneering Layer 1 blockchain, GAYA bridges the gap between regional innovation and global adoption.
Conclusion
GAYA represents a paradigm shift in blockchain technology by seamlessly blending gaming, DeFi, SocialFi, and real-world asset tokenization. Its commitment to sustainability, inclusivity, and user empowerment makes it a standout platform in the blockchain space. With a robust infrastructure, eco-conscious design, and a forward-thinking team, GAYA is poised to redefine how digital ecosystems operate, both in the UAE and beyond.Stay tuned for the GayaCoin TGE launch in Q1 2025.
Blockchain
SwapSpace app review: seamless crypto exchanges anytime, anywhere
Cryptocurrency swaps have traditionally been riddled with challenges: complex processes, hidden fees, and the hassle of comparing rates across multiple platforms. SwapSpace revolutionized this landscape as a crypto exchange aggregator, offering a user-friendly solution to streamline swaps. Now, with the launch of its mobile app, SwapSpace takes convenience to a whole new level.
What is the SwapSpace Mobile App?
The SwapSpace mobile app brings the platform’s celebrated features to your fingertips. Acting as a one-stop solution for crypto swapping, the app allows users to compare rates from over 30 trusted exchange partners and access 2,700+ coins—all with zero extra fees.
You can connect your wallet when logging into the app and enjoy the benefits of the Invaders Loyalty program, collecting diamonds and using them to upgrade your invader for higher cashback levels.
How It Works
Swapping crypto on the SwapSpace app is as easy as 1-2-3:
- Select the cryptocurrencies you want to exchange.
- Compare offers from multiple providers and pick the best rate.
- Enter your wallet address, the one you’ll use to receive your crypto, and confirm the transaction. You will be given an address to send your crypto to and plenty of time to send the coins to it.
- You can now expect the incoming transaction with your crypto in your wallet. The app will keep you updated on the status of your swap via push notifications.
In just a few taps, your crypto is swapped and sent directly to your wallet.
Key Features
- Rate Comparison: The app aggregates real-time rates from top exchanges like Binance and Bybit to ensure you always get the best deal.
- Cross-Chain Swaps: Bridge assets across 95 blockchains effortlessly.
- Ease of Use: The intuitive interface makes it accessible to beginners while offering the flexibility advanced users need.
- NFT-based Loyalty Program: Earn up to 50% cashback on revenue share by upgrading your Invader NFT by spending Diamonds. Earn double Diamond rewards by performing swaps exclusively in-app.
- Extra Rewards: To commemorate the launch of the mobile application, every 100th swap done through the app will reward the user who did it with a prize of $100 in USDT.
Why Choose SwapSpace Mobile App?
The app is perfect for traders, investors, and crypto enthusiasts alike:
- For Traders: Save time and money by comparing rates instantly.
- For Beginners: A simple, no-sign-up platform to start your crypto journey. Discover new meme coins as soon as they appear on trading platforms.
- For Privacy Advocates: Registration-free swaps for maximum security.
- For Altcoin Investors: Access niche coins and trending tokens quickly, bridge your assets across 95 chains.
The SwapSpace mobile app is a must-have tool for anyone looking to trade crypto securely, quickly, and cost-effectively. With its robust features, transparent processes, and commitment to user convenience, the app is set to become an essential companion for every crypto enthusiast.
Try the SwapSpace mobile app today and experience a better way to swap crypto. Download now, directly on the SwapSpace website. Available for Android now, with Google Play Store and Apple App Store versions coming in 2025.
Blockchain
Fintopio Launches First CeDeFi Wallet Enabling Crypto Transfers via Telegram Usernames
Fintopio, the leading Web3 wallet co-founded by former Binance executive Steve Milton, has officially launched its CeFi services, making it the only CeDeFi wallet in the market accessible on Telegram, iOS, Android, and Web. With its new CeFi offerings, Fintopio merges centralized and decentralized finance, providing a seamless platform that caters to a diverse global audience eager to access digital assets as simply as sending a message.
With Fintopio’s CeFi wallet, users experience simplified, frictionless transactions with key features like username-based transfers, Zero-Fee transfers, and innovative tools such as Vouchers for bulk crypto transfers and gifting. This milestone enhances Fintopio’s existing Web3 ecosystem, which has grown rapidly since its beta launch in April 2024, attracting over 2 million monthly active users.
Simplifying Crypto with Telegram-Based Transfers
Fintopio’s strategic integration with Telegram leverages the platform’s 950 million-strong user base, positioning Fintopio as the go-to wallet for crypto users seeking accessibility and convenience. By enabling crypto transactions through Telegram usernames, Fintopio eliminates complex wallet addresses, empowering users to conduct transactions with a familiar interface.
“We wanted to create a wallet that makes crypto as accessible as texting,” explained Steve Milton, Co-founder & CEO of Fintopio. “With our CeFi services, we’re moving closer to this goal, giving users a way to manage and transfer digital assets without the usual hurdles of traditional wallets.”
Fintopio’s intuitive design has been instrumental in driving adoption within emerging markets, especially in Africa and Asia, where the need for accessible financial tools has spurred millions to explore digital finance. By offering seamless transactions and secure asset management in a single, user-friendly platform, Fintopio makes Web3 accessible to users across various levels of crypto expertise.
Blending CeFi and DeFi in One Wallet
The launch of Fintopio’s CeFi wallet aligns with its mission to bridge centralized and decentralized finance in a single, cohesive ecosystem, making it a standout choice for users looking to engage with both worlds. Already popular on Telegram for its non-custodial DeFi wallet, which grants users full control over their private keys, Fintopio now offers the added option of a custodial wallet through its CeFi services, catering to users who prioritize the enhanced security and platform custody.
Additionally, Fintopio’s CeDeFi model introduces Zero-Fee transfers within its CeFi wallet, allowing Telegram users to transfer funds using just usernames, lowering barriers to entry and making daily transactions cost-effective and seamless. Available as a Telegram mini app, and natively on iOS and Android, Fintopio is uniquely positioned as the only CeDeFi wallet live across multiple platforms, reinforcing its commitment to making crypto accessible for everyone.
Vouchers: The Ultimate Tool for Bulk Crypto Transfers
The CeFi wallet also introduces a new feature called Vouchers, which serve as customizable tokens for transferring crypto on a large scale. Vouchers allow users to create tokens representing funds from verified accounts that can be securely shared with others. Designed for mass distributions, giveaways, and gifting, Fintopio’s Vouchers include robust security features such as password protection and anonymous transfer options.
Fintopio is currently available as a Telegram mini app and has recently launched its iOS and Android apps, which will soon reach a broader audience beyond the Telegram community. This multi-platform availability reinforces Fintopio’s commitment to making crypto accessible for everyone, positioning it as the only CeDeFi wallet live on the market ro do so.
Engaging Users with Web3 Ecosystem and HOLD Game
Beyond the basic wallet functions, Fintopio has developed an extensive Web3 ecosystem aimed at engaging users. Through the addition of HOLD, a tap-to-earn game built within the wallet, Fintopio has created a rewards economy for a gamified crypto experience. This unique feature allows users to earn future HOLD tokens, which will serve as part of Fintopio’s expanding payment utilities on both CeFi and DeFi functions.
Expanding to CeFi and Future Offerings
Fintopio’s CeFi wallet marks an important step in its roadmap as the company continues to innovate. Future plans include enhanced functionality for the HOLD game, P2P trading, and on-ramp/off-ramp solutions, allowing users to bridge the gap between traditional and digital finance seamlessly. By continuously expanding its offerings, Fintopio is set to become one of the most versatile Web3 wallets of 2024, catering to the needs of a diverse, growing crypto community.
About Fintopio
Fintopio is a Web3 wallet ushering in the New Payment Era on Telegram and Beyond. Founded by a team of blockchain industry veterans, it stands as the first CeDeFi wallet in the market available on iOS, Android, Telegram Mini App, and Web.
For more information on Fintopio, visit the official website and follow the official Fintopio community today.
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