Press Release
Web Summit 2024: Hyperchains Break Down Blockchain Barriers
Hyperchains, the highly-anticipated blockchain innovation, will debut at Web Summit 2024 in Lisbon. This groundbreaking solution democratizes blockchain technology, enabling anyone—from individuals to large enterprises—to create and customize their own blockchain networks with unprecedented ease.
This advanced concept, envisioned by blockchain pioneers, has been in development over several years by the Aeternity Foundation and its ecosystem contributors. Hyperchains mark a significant advancement in blockchain evolution, allowing users to effortlessly create their own chains with no coding necessary, while leveraging the entire æternity ecosystem’s powerful suite of tools including state channels, oracles, NFTs, and advanced smart contract capabilities. With unparalleled simplicity and scalability, Hyperchains empower their creators to integrate secure, decentralized solutions tailored to their specific needs, whether they’re individual developers, startups, or established enterprises.
A Universal Blockchain Solution with Enterprise-Grade Capabilities
Hyperchains offer a unique hybrid consensus model that combines both Proof of Stake (PoS) and Proof of Work (PoW) mechanisms to provide a secure and scalable blockchain experience. By anchoring to established blockchains like Bitcoin, Hyperchains offer initiators a robust and customizable infrastructure, ideally suited for enterprise-grade applications.
The solution redefines blockchain adoption by eliminating traditional barriers of complexity and technical expertise. One of the standout features of Hyperchains is its no-code deployment, which enables anyone to seamlessly launch and customize their own blockchain networks without needing deep technical knowledge or specialized hardware.
Key Benefits
1. Privacy and Security in Blockchain Transactions
Hyperchains have the capability to utilize state channels and zero-knowledge proofs (ZKPs), similar to other components within the æternity ecosystem. These features allow for private off-chain transactions with auditability, addressing corporate concerns around transparency and secure interactions..
2. Seamless System Integration
Hyperchains are designed to integrate with Web2.0 applications like SAP and Oracle Financial, using industry-standard protocols such as ISO20022. This allows for seamless blockchain adoption without the need for specialized expertise and is part of the broader æternity ecosystem’s capabilities.
3. NFT-Based Identity and Transactions
Leveraging non-fungible tokens (NFTs) for secure, web3-native authentication systems or multi-signature networks, Hyperchains provide immutable, verifiable identity solutions for both individuals and organizations.
4. Stablecoins and Regulation Compliance
Hyperchains support stablecoins compliant with MiCA (Markets in Crypto-Assets Regulation), making them ideal for anyone concerned about cryptocurrency volatility and legal compliance in regulated environments.
5. Enhanced Scalability and Efficiency
Hyperchains offer scalable solutions powered by state channels and built on Erlang, providing low latency and high throughput at reduced costs. This makes them perfect for applications of any scale, from individual projects to enterprise-level deployments.
6. Use of Oracles and Data Privacy
æternity’s oracles provide signed and trusted on-chain data feeds, ensuring the integrity of critical information without unnecessary data storage on the blockchain. This is crucial for anyone handling sensitive financial data, from individuals to large organizations.
7. Flexible Blockchain Solutions
Hyperchains offer customizable blockchain options for various use cases such as supply chain management, financial transactions, and creative projects. With features like smart contracts, generalized accounts, and multi-signature authorizations, users have the flexibility to scale as needed.
Democratizing Blockchain Technology
“Hyperchains represent a significant milestone in blockchain adoption and accessibility,” said Nikola Stojanow, Chairman of the Aeternity Foundation. “Years of development and refinement have shaped this transformative solution into a platform that works for everyone. While Hyperchains offers enterprise-grade capabilities that make it perfect for business applications, its true power lies in its simplicity and accessibility—anyone can leverage these powerful tools to build their own blockchain future.”
Experience Hyperchains at Web Summit 2024
Don’t miss the official launch of Hyperchains at the Web Summit in Lisbon, November 11-14, 2024! Meet Foundation representatives and discover how Hyperchains can transform your projects and operations with cutting-edge blockchain solutions.
Find out how you can easily leverage Hyperchains for your blockchain needs by visiting the official website.
About Aeternity Foundation:
The Aeternity Foundation is a non-profit organization based in Sofia, Bulgaria, dedicated to advancing the æternity blockchain ecosystem through strategic innovation, partnerships, grants, and developer support. The foundation’s mission is to drive decentralized technology adoption across industries with secure, scalable, and open-source blockchain solutions.
Press Release
How Bitcoin’s price rise has increased the number of cryptocurrency payments
NOWPayments Announces Significant Gain in Crypto Payments
NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November.
Why Bitcoin took a new ATH in November?
Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.
This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.
Businesses’ interest in Bitcoin grew for several reasons:
- Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
- Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
- Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.
Climbing to $75K
The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.
Breaking Through $80K
Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.
Approaching a New BTC All Time High at $90K
As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.
How has the new ATH for BTC led to an increase in crypto payments?
We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.
- Correlation Between BTC Price and Crypto Payments:
The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.
- Increased Interest in Cryptocurrency:
The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.
- Market Events Drive Crypto Adoption:
The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.
About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.
Press Release
Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources
- Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services
InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.
Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.
“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.
Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.
Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.
“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.
About Mizzle
Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.
For more information, visit the company’s website at www.mizzle.io.
About InFlux Technologies
InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.
For more information, visit the company’s website at www.runonflux.com.
Press Release
Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured
A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.
The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.
With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.
The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.
According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.
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