Breaking Blockchain News
/genfinity-news9
Genfinity is a leading media firm with a dynamic platform dedicated to knowledge-sharing, networking, and connection in the rapidly evolving cryptocurrency and digital landscape.
1.2 Billion USD Flows Into Binance During Recent “Bloodbath” Day
Binance CEO Richard Teng Confirms $1.2 Billion Inflows on August 5th, 2024
Binance CEO Richard Teng Confirms $1.2 Billion Inflows on August 5th, 2024
What are Validiums and How They Work? (2/2)
Here's how validiums operate:
3. Proof Generation: After processing the batches, the operator creates zero-knowledge (ZK) proofs. These proofs validate state transitions without exposing transaction details.
4. Proof Verification: The ZK-proofs and a state commitment are uploaded to the Ethereum mainnet, where a smart contract verifies their validity, ensuring secure and final transactions.
Validiums ensure transaction security and integrity through recurring on-chain verification of validity proofs. This system maintains the adherence of off-chain computations to Ethereum’s guidelines, providing a scalable and speedy enhancement beneficial for high-throughput systems and decentralized applications (DApps).
Here's how validiums operate:
3. Proof Generation: After processing the batches, the operator creates zero-knowledge (ZK) proofs. These proofs validate state transitions without exposing transaction details.
4. Proof Verification: The ZK-proofs and a state commitment are uploaded to the Ethereum mainnet, where a smart contract verifies their validity, ensuring secure and final transactions.
Validiums ensure transaction security and integrity through recurring on-chain verification of validity proofs. This system maintains the adherence of off-chain computations to Ethereum’s guidelines, providing a scalable and speedy enhancement beneficial for high-throughput systems and decentralized applications (DApps).
What are Validiums and How They Work? (1/2)
Validiums are an innovative layer-2 scaling solution designed to enhance Ethereum’s performance by managing transactions off-chain. They reduce congestion and increase efficiency by processing transactions away from the main Ethereum blockchain, submitting only essential proofs for verification. This approach significantly boosts throughput and lowers costs, making Ethereum more effective for users and developers alike.
Here's how validiums operate:
1. Transaction Submission: Users send transactions to the validium operator, who handles off-chain processing.
2. Batching and Off-Chain Processing: The operator batches multiple transactions and processes them off-chain, greatly increasing throughput.
Validiums are an innovative layer-2 scaling solution designed to enhance Ethereum’s performance by managing transactions off-chain. They reduce congestion and increase efficiency by processing transactions away from the main Ethereum blockchain, submitting only essential proofs for verification. This approach significantly boosts throughput and lowers costs, making Ethereum more effective for users and developers alike.
Here's how validiums operate:
1. Transaction Submission: Users send transactions to the validium operator, who handles off-chain processing.
2. Batching and Off-Chain Processing: The operator batches multiple transactions and processes them off-chain, greatly increasing throughput.
The Power of Cross-Border Crypto Transactions
Cryptocurrencies have transformed international payments, making cross-border transactions faster, more secure, and cost-effective. By bypassing traditional banking systems, crypto leverages blockchain technology to enable peer-to-peer transfers without intermediaries. …
Cryptocurrencies have transformed international payments, making cross-border transactions faster, more secure, and cost-effective. By bypassing traditional banking systems, crypto leverages blockchain technology to enable peer-to-peer transfers without intermediaries. …
Germany Holds $2.2 Billion in Bitcoin, Representing 10% of the Total Trading Volume
Germany's Influence on the Cryptocurrency Market Continues to Draw Attention with Its Significant Bitcoin Holdings
Germany's Influence on the Cryptocurrency Market Continues to Draw Attention with Its Significant Bitcoin Holdings
Bitcoin Surges to $70,700 as Miner Reserves Deplete
Bitcoin mining reserves have dropped to their lowest level since the start of the year, indicating a rising trend of coin sell-offs by miners
Bitcoin mining reserves have dropped to their lowest level since the start of the year, indicating a rising trend of coin sell-offs by miners
One of Facebook's early executives Chamath Palihapitiya stated that he expects Bitcoin to reach $500,000 by October 2025. He also mentioned that it would be a wise move for some countries to use BTC alongside their local currency.
Tomorrow, June 4, the first spot Bitcoin ETF will start trading in Australia.
Tomorrow, June 4, the first spot Bitcoin ETF will start trading in Australia.
🚨 The Lukso Grant Program is Live 🚨
This new $1M initiative, spearheaded by the Foundation for the New Creative Economies, aims to foster growth and innovation within the Lukso ecosystem. 🌐 $LYX $LYXE
Got an idea? Find out how to apply below👇
https://t.co/lSbepvHyHz
This new $1M initiative, spearheaded by the Foundation for the New Creative Economies, aims to foster growth and innovation within the Lukso ecosystem. 🌐 $LYX $LYXE
Got an idea? Find out how to apply below👇
https://t.co/lSbepvHyHz
Exploring the World of EDEN 🎮
🕹️An immersive cityscape teeming with persistent digital properties that users can own and utilize to bolster their raids in a desolate blockchain gaming wasteland🏚️
$XRP $SOL EDEN Game #XPUNK NFTs
https://youtu.be/TnGk5qcsG5k?si=jG1IVtQZ2vxuMm43
🕹️An immersive cityscape teeming with persistent digital properties that users can own and utilize to bolster their raids in a desolate blockchain gaming wasteland🏚️
$XRP $SOL EDEN Game #XPUNK NFTs
https://youtu.be/TnGk5qcsG5k?si=jG1IVtQZ2vxuMm43
💎 Tokenizing Diamonds on Hedera 💎
Diamond Standard announced that they will be migrating from Ethereum to Hedera. Explore how they are embracing Hedera's Technology for enhanced security & eco-friendliness in diamond investment. 💎💎 $HBAR $CARATS
https://t.co/5Y1UgATMAn
Diamond Standard announced that they will be migrating from Ethereum to Hedera. Explore how they are embracing Hedera's Technology for enhanced security & eco-friendliness in diamond investment. 💎💎 $HBAR $CARATS
https://t.co/5Y1UgATMAn
🌐 Exploring the Algorand Blockchain 🌐
Check out our latest article exploring Algorand's unique technology, Pure Proof-of-Stake, & future roadmap!
Learn about the Algorand Foundation, high-speed transactions, and its eco-friendly blockchain. 🚅 $ALGO
https://genfinity.io/2024/04/25/algorand-complete-overview/
Check out our latest article exploring Algorand's unique technology, Pure Proof-of-Stake, & future roadmap!
Learn about the Algorand Foundation, high-speed transactions, and its eco-friendly blockchain. 🚅 $ALGO
https://genfinity.io/2024/04/25/algorand-complete-overview/
🕑 🎆 Listen in to our podcast at 1pm EST for exclusive details regarding Peaq Network & their upcoming mainnet launch! 💜 🕧 $PEAQ $KREST
https://genfinity.io/2024/04/25/introducing-peaq-blockchain-powering-the-decentralized-economy-of-things/
https://genfinity.io/2024/04/25/introducing-peaq-blockchain-powering-the-decentralized-economy-of-things/
🌱 Dovu is Scaling Climate Finance 🌱
#EarthWeek just ended, but Dovu is just getting started. Discover how Dovu is transforming climate finance with Hedera, and revolutionizing the carbon credit system. 🌱 🪙 $DOVU $HBAR #RWA
Find out more 👇
https://t.co/AZrxRxlDsV
#EarthWeek just ended, but Dovu is just getting started. Discover how Dovu is transforming climate finance with Hedera, and revolutionizing the carbon credit system. 🌱 🪙 $DOVU $HBAR #RWA
Find out more 👇
https://t.co/AZrxRxlDsV
📈Exciting insights into the #digital frontier of central banking & #finance!
🎙️Join us as Emtech inc's Carmelle Cadet & Morgan Creek Capital's Mark Yusko explore the potential of emerging #Web3 tech in our exclusive interview.🎙️
#FinTech $BTC
https://t.co/SkNgydXciu
🎙️Join us as Emtech inc's Carmelle Cadet & Morgan Creek Capital's Mark Yusko explore the potential of emerging #Web3 tech in our exclusive interview.🎙️
#FinTech $BTC
https://t.co/SkNgydXciu
