Author: chainwire

  • DeMi Platform Announces a Strategic Partnership with BitCluster

    DeMi Platform Announces a Strategic Partnership with BitCluster

    Addis Ababa, Ethiopia, March 26th, 2024, Chainwire

    DeMi, an innovative tokenized mining platform, has announced a partnership with BitCluster, a leading mining solutions provider, and this is an important step to expanding the capacity for both companies.

    DeMi, an innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with BitCluster, a leading mining solutions provider. This collaboration means DeMi can scale up multiple times while optimizing energy costs. This will also allow platform users to mine cryptocurrency more effectively since the price of electricity is only $0.049 per kWh.

    Equipment power is transformed into DEMI tokens, the process involves the conversion of computational power from mining equipment into DEMI tokens, serving as a tangible representation and confirmation of purchasing a designated hashrate. To begin mining on the platform, users simply need to purchase and stake these tokens. This innovative approach allows users to actively participate in the mining process with ease. This system not only democratizes access to mining by simplifying the entry process but also ensures that participants can directly contribute to and benefit from the network’s security and consensus mechanisms.

    At the end of December 2023, BitCluster announced the launch of a 120 MW data center in Ethiopia with a total area of 30 thousand square meters. This amount of power allows them to place over 30 thousand mining machines such as Antminer S21 200Th.

    “We considered many options to place our equipment,” Andrey Mashitskiy, DeMi Product Owner said. “And after months of searching, we finally found the ideal solution—the BitCluster facility in Ethiopia. This is a country with a perfect climate: the average daily temperature ranges from 12 to 23 degrees, and there is no dust or heat. The BitCluster data center is located in the capital, Addis Ababa, which is convenient for logistics. And the main reason for this decision was the low electricity price.”

    DeMi has already placed more than 500 devices at the new facility with a total capacity of 59 Petahash and plans to further expand mining capabilities at the BitCluster data center in Ethiopia.

    For more information about DeMi and their partnership with BitCluster, users can visit here.

    About DeMi

    DeMi is a tokenized mining platform that enables users to get BTC rewards using DEMI token. By offering a unique mining experience, DeMi allows users to effectively engage in cryptocurrency mining.

    About BitCluster

    BitCluster is a modern mining solutions provider. BitCluster provides end-to-end solutions for hosting and maintaining high-power computing hardware for users looking to scale their Bitcoin mining capabilities while keeping energy costs at the lowest possible level.

    Contact

    DeMi Product Owner
    Andrey Mashitskiy
    DeMi
    info@demi.gg

  • Spectral Launches Syntax, an LLM Enabling Web3 Users to Build Autonomous Agents and Deploy Onchain Products

    Spectral Launches Syntax, an LLM Enabling Web3 Users to Build Autonomous Agents and Deploy Onchain Products

    New York, New York, March 26th, 2024, Chainwire

    Syntax takes natural language and converts it into Solidity code, enabling individuals and enterprises to ship production grade smart contracts, arbitrage agents, NFTs, rollups, and more. Syntax marks the manifestation of the Agent Economy in Web3.

    Today, Spectral Labs has launched Syntax, a new LLM enabling people to ship agents that automate onchain projects and tasks, thereby manifesting their Web3 product ideas. While still in beta, Syntax’s vision is to create an open onchain Agent Economy, where developers, individuals, and enterprises can for the first time select the agents they would want to delegate their Web3 tasks, projects, and product development to. These projects and products include production grade smart contracts, arbitrage agents, NFTs, rollups, and more.

    Scaling web3 engineering efforts and shipping new onchain products is limited by the number of solidity developers, as well as enterprises’ ability to test and ship smart contract code in a fast and effective way without burning through engineering resources. 

    Spectral has set out to solve this with its new LLM, Syntax, a development environment designed to manifest Web3 product ideas by converting natural language into Solidity code that can be deployed instantly onchain. For professional developers, Syntax can accelerate and optimize bandwidth by writing large libraries and components. 

    Syntax provides an Agentic experience, where users tell Syntax what they want to build, and Syntax writes and deploys the code onchain at the click of a button. Spectral defines an Onchain Agent as a set of instructions and code capable of deploying itself onchain and possessing a dedicated provisioned wallet for doing so. Loosely similar to custom instructions in ChatGPT, Syntax Agents also have their own identity and can autonomously figure out ways to interact with deployment infrastructure.

    With Syntax, users can compile, debug, and deploy AI-generated solidity code. Syntax gives users and the industry the ability to quickly test, ship and scale new products, as well as determining the usability and functional relevance of the code generated while also giving them control to quickly edit code snippets. Initially, Spectral’s Onchain Agents will be curated and built by Spectral, but soon every user will be able to create their own Agent and monetize it in future Syntax releases.

    “At Spectral, we’re pioneering a future where autonomous Agents redefine what’s possible onchain. With Spectral Syntax, we empower these agents to operate independently, making it simpler for everyone to bring their blockchain ideas to life.” – Sishir Varghese, Founder.

    What truly sets Syntax apart is its capability to deploy code directly onchain, executing deployments through Foundry by writing instructions that Foundry can process, including code compilation, onchain deployment, and signing transactions. Syntax is pioneering an accessible onchain Agent Economy, inviting users to select agents tailored for their specific Web3 tasks. Users can either interact with the foundational agent or opt for one of the specialized agents, each adept in distinct tasks and operations—like the Code Forker assistant, ideal for those aiming to fork and customize a codebase. Additionally, users can discern an agent’s expertise and trustworthiness by reviewing its category listing and the popularity reflected through its user engagement.

    “Syntax by Spectral is at the forefront of merging AI with web3, pioneering the onchain agent economy and making it easier and more accessible for users to create their own blockchain products,” said Josh Rosenthal, Partner, Polychain

    Syntax produces accurate and gas-optimized Solidity code for a variety of prompts ranging from low to medium complexity, and it outperforms baseline models on Spectral’s Solidity evaluation dataset. As Spectral’s modeling efforts continue to evolve, the company expects Syntax to deliver optimized code for increasingly complex problems. These Solidity models are explicitly designed to assist developers in writing optimized, modern, well-tested, and secure code.

    About Spectral

    Spectral, a pioneer of the agent economy behind Syntax, is at the forefront of integrating AI with blockchain to democratize development in Web3. Our mission is to simplify the creation and deployment of decentralized applications through autonomous Onchain Agents. Syntax, Spectral’s flagship product, translates natural language into Solidity code, enabling both novices and experts to build on the blockchain effortlessly. With a commitment to transparency and user empowerment, Spectral is shaping a future where anyone can participate in the blockchain revolution. Join us in making this vision a reality and explore the potential of autonomous agents with Spectral. For more information, visit https://spectrallabs.xyz/

    For more information, users can follow Spectral on Twitter and Discord.

    Contact

    Spectral Labs
    Spectral
    info@spectrallabs.xyz

  • $COOKIE, the Cookie3 MarketingFi Ecosystem Token, will Launch on ChainGPT Pad and Polkastarter

    $COOKIE, the Cookie3 MarketingFi Ecosystem Token, will Launch on ChainGPT Pad and Polkastarter

    Tallinn, Estonia, March 26th, 2024, Chainwire

    This first MarketingFi utility token will launch within the Cookie3 ecosystem. $COOKIE represents digital marketing value passed on to users who drive projects forward instead of on advertising giants like Google or Facebook.

    Cookie3, a MarketingFi Protocol and AI Data Layer, has just announced that $COOKIE—the Cookie DAO-powered token, will launch on ChainGPT Pad and Polkastarter in Q2 2024. Using the Cookie3 technological stack, $COOKIE aims to move $366B digital marketing value from advertising giants onto users who bring quality to projects and help them grow. The project is backed by industry’s top names, including Spartan Group (Lead Investor), GSR, Big Brain Holdings, CMT Digital, Hartmann Capital, Jsquare, Orange DAO, and two top launchpads — Polkastarter and ChainGPT, second of which is also the project’s accelerator.

    “Cookie3 and its ecosystem token $COOKIE are something the market has not seen yet but has needed for long. This revolutionary approach, which combines AI, DeFi, and marketing with Cookie3’s amazing data processing technology, gives $COOKIE an amazing utility within the Web3 and Web2 digital marketing economy,” said Ilan Rakhmanov, the CEO and Founder of ChainGPT, $COOKIE launchpad, and Cookie3 accelerator. “We were lucky to find this project and be closely involved in Cookie3’s development. We see Cookie3 use cases across all corners of Web3 and its entire user base—from degens through KOLs and businesses. Cookie3 finds ways to unlock marketing value and put it exactly where it needs to be, using $COOKIE as a medium. We are honored to support Cookie3’s journey and awaiting to see $COOKIE in action within the Cookie3 multi-platform ecosystem.”

    “We are delighted that $COOKIE will launch on Polkastarter. We have been following Cookie3 for the past two years and are excited that $COOKIE will find its home and multiple utilities across Cookie3 platforms,” said João Leite, the Managing Partner of Polkastarter, $COOKIE launchpad. “Today is the day when MarketingFi has become an even stronger term. I look forward to seeing the Cookie3 vision unfold even further with $COOKIE as the medium and carrier of MarketingFi value.” 

    Unlocking $366B value with MarketingFi Protocol and AI Data Layer

    Cookie3 is able to push marketing value into its ecosystem and users with the $COOKIE token thanks to its unique technological stack based on propriety off- and on-chain analytics engine and an AI Data Layer. This value exchange is possible due to the unique synergies between the Cookie DAO community with its $COOKIE token impacting the Cookie3 multiplaform ecosystem. The Cookie3 tech enables understanding the user journey from off-chain activities to on-chain conversions and further activity. This way, Cookie3 can determine which users bring value to projects and should be rewarded. At the same time, having used AI to analyze over 15 unique behavioral characteristics, Cookie3 can distinguish between quality users, bots, or Sybil attackers to ensure that rewards go to truly engaged audiences rather than malicious actors trying to take advantage of the Web3 economy.

    This technology is prevalent across the Cookie3 three-platform ecosystem, where analytics and AI are integrated to:

    1. Help marketers understand their users better, tailor marketing campaigns, and ensure their marketing budgets are passed on to quality users through Cookie3 Analytics.
    2. Reward creators with airdrops, allocations, and tokens for bringing quality audiences to projects through the Cookie3 Affiliate.
    3. Allow individual users to explore their MarketingFi score based on their off- and on-chain activity. Users can market themselves to projects worth investing in with rewards such as airdrops, exclusive campaigns, or tailored offerings through Cookie3 Score (the platform is set to launch in Q3 2024).

    In short, Cookie3 helps businesses find ways to connect with valuable audiences while, at the same time, helping users to market themselves as worth rewarding for further ecosystem growth.

    Cookie3 technology has already been trusted by top names in the industry, such as Kyber Swap, Mantle, Polkastarter, Linea, GameSwift, eesee, Insomnia Labs, and over 170 more, who integrated into Cookie3 MarketingFi Protocol.

    “Our team has been building the Cookie3 technology for over two years, and our current business traction proves that we are the industry’s most advanced user analytics platform. We have over 600M unique wallets and 9B transactions processed on 16 chains, with over 170 businesses integrated into our proprietary data infrastructure,” said Filip Wielanier, the CEO and Co-Founder of Cookie3. “Today marks a historic breakthrough in the Cookie3 history. The solutions we’ve been developing find utility across three different platforms, designed not only for analytics but also for user acquisition and engagement. We believe that MarketingFi can and will change the value distribution game. We are excited to contribute to this ecosystem with the Cookie3 multiplatform ecosystem, fueled by the $COOKIE token—the future carrier of the MarketingFi value.”

    $COOKIE Utility: One token, many platforms

    The $COOKIE token will find utility in all parts and corners of the Cookie3 ecosystem—Cookie3 Analytics, Cookie3 Affiliate, and Cookie3 Score—generating rewards for its holders and stakers. Moreover, it will grant governance rights within the Cookie DAO with voting rights on matters relating to its treasury, comprising 8% of the $COOKIE supply. The Cookie3 core team also shared that $COOKIE token holders will often get to decide the future of Cookie3 products, platforms, and the token’s role within the ecosystem, alongside benefiting from exclusive access to token-gated features.

    The Cookie3 team has also teased a gamified $COOKIE Airdrop, with more information to be released soon on the Cookie Community platform, which will launch on March 28th.

    About Cookie3

    Cookie3 pioneers MarketingFi with an AI Data Layer— a transparent marketing economy unlocking value for Web3 users, creators, and businesses, with over 170 dapps such as Kyber Swap, Mantle, Polkastarter, Linea, GameSwift, eesee, and Insomnia Labs already using Cookie3 technology. To realize its mission, Cookie3 is building a set of MarketingFi platforms and Web3 AI marketing solutions that connect projects with the right audiences, creating profitable opportunities for both. Cookie3 uses off- and on-chain analytics alongside a Web3 AI data layer to ensure only valuable user and project interactions benefit from the MarketingFi ecosystem. In an economy where lines between business owners, investors, and consumers are blurred, effective marketing becomes collaborative, and value flows freely between all stakeholders. Backed by top institutional investors such as Spartan Group (Lead Investor), GSR, Big Brain Holdings, CMT Digital, Hartmann Capital, Jsquare, Orange DAO, Polkastarter, and Chain GPT, Cookie3 fills the gap where Web2 marketing comes short.

    Users can learn more at cookie3.com

    About Cookie DAO

    The Cookie DAO is a collective of MarketingFi enthusiasts aiming to bolster decentralization through innovative blockchain solutions. It created the $COOKIE token and injected it into the Cookie3 ecosystem to drive the MarketingFi ethos forward through governance and tokenized support. Anyone can become a member of the Cookie DAO. The sole requirement is to believe in MarketingFi and want to drive the MarketingFi economy forward. Cookie DAO members are encouraged to hold and stake $COOKIE for access to additional rewards and voting rights on matters relating to the Cookie DAO’s treasury and future.

    Users can learn more at cookie.community

    About ChainGPT

    ChainGPT is an advanced AI infrastructure dedicated to developing AI-powered technologies for the Web3, Blockchain, and Crypto space. Our mission is to improve the Web3 space for retail users & startups by developing AI-powered solutions.

    Users can learn more at chaingpt.org

    About Polkastarter

    Polkastarter is the leading early-stage fundraising protocol enabling web3’s most innovative projects to kick-start their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential public sales.

    Users can learn more at polkastarter.com

    Contact

    Chief Marketing Officer
    Krystyna Kozak-Kornacka
    Cookie3
    krystyna@cookie3.co

  • tymt™ – A Game Launcher Transforming Gaming Experiences

    tymt™ – A Game Launcher Transforming Gaming Experiences

    Sollefteå, Sweden, December 20th, 2023, Chainwire

    The Gaming Landscape: An Ongoing Struggle

    Gaming, an essential part of global culture, connects over a billion people worldwide through entertainment, escape, and social interaction. However, within this vast realm of gaming platforms and titles, a perpetual battle for dominance, revenue, and player engagement persists.

    Gamers encounter numerous options for game launchers, from major players like Steam and Epic Games to smaller platforms like EA Origin and Good Old Games, as well as niche, open-source, and game-specific launchers.

    Introducing tymt™: A Unified Gaming Hub

    tymt™ presents a fresh perspective and an opportunity for harmony among games. By providing a peak environment for any game, whether traditional, MMO, blockchain-based, play-to-earn, or part of the Metaverse, tymt™ aims to elevate the gaming experience to unprecedented heights.

    Venturing into the Metaverse: A New Frontier

    Amidst these choices emerges a new category of games known as Web3 games, offering decentralized, immersive experiences fueled by blockchain technology.

    Web3 games encompass a diverse range of experiences leveraging blockchain technology to offer unique gameplay mechanics and reward systems:

    • Blockchain games enable players to own in-game assets recorded on the blockchain.
    • NFT games utilize non-fungible tokens for rare or unique in-game items.
    • Play-to-earn games incentivize players with cryptocurrency rewards.
    • Play-and-earn games combine traditional gameplay with earning opportunities.
    • The Metaverse represents interconnected virtual worlds where players socialize and engage in various activities.

    Together, these Web3 games provide a glimpse into the future of gaming, where ownership, rewards, and immersive experiences converge.

    Bridging the Gap: tymt™’s Promise

    tymt™ serves as more than just a game launcher; it acts as a catalyst for unity in an industry often marked by fragmentation and competition. By integrating traditional, blockchain, Web3, and Metaverse games into a single platform, tymt™ offers gamers a sanctuary for exploration, connection, and endless play.

    Demystifying Blockchain Technology

    Despite its potential to revolutionize gaming, blockchain technology remains obscure to many. tymt™ aims to demystify this complexity by leveraging the Solar blockchain for all transactions, ensuring platform- and currency-independent gameplay.

    Empowering Users with Innovative Features

    tymt™‘s versatility extends beyond game launching, offering a multi-chain cryptocurrency wallet with integrated social capabilities. By utilizing the Solar Blockchain, tymt™ enhances security, transparency, and benefits for users and investors alike.

    What Sets tymt™ Apart?

    Unlike conventional game launchers, tymt™ embraces diversity, offering seamless integration with various wallets, multiple access options, effortless crypto game purchases, extensive game libraries, and an interconnected gaming community.

    • Seamless Integration with Custodial and Non-Custodial Wallets: Partnering with ChangeNOW ensures top-tier security and flexibility in transactions, instilling confidence as users navigate the gaming landscape.
    • Multiple Access Options: Whether logging in with a BinanceID or opting for guest access via Discord, Facebook, or Google credentials, tymt™ provides users with unparalleled flexibility in connectivity.
    • Effortless Crypto Game Purchases: tymt™ facilitates smooth and convenient game purchases with cryptocurrencies, streamlining transactions for gamers worldwide.
    • Access to Extensive Game Libraries: With the integration of more partners, tymt™ aims to grant users access to a vast library of games, ensuring that gaming adventures are never constrained.
    • Interconnected Gaming Community: tymt™ v2 transcends traditional gaming boundaries, fostering a global community where players can connect, chat, and forge friendships across supported blockchains.
    • Multi-Chain Universe: Explore a diverse multi-chain universe supported by the Solar Mobile Wallet, granting users seamless access to a range of cryptocurrencies, including SXP, BNB, ETH, BTC, SOL, MATIC, AVAX, OP, and ARB.

    From seamless integration with different types of wallets to effortless game purchases with cryptocurrencies, tymt™ prioritizes convenience and accessibility.

    Moreover, tymt™ fosters a sense of community among gamers, enabling connections and friendships across supported blockchains. Whether you’re collaborating with fellow players or exploring new gaming worlds together, tymt™ creates opportunities for social interaction and shared experiences.

    District 53: Exploring the Metaverse

    tymt™ comes equipped with a multiplayer, voxel-based metaverse game platform – District 53.

    Based on the open-source engine of Mintetest, District 53 offers a dynamic fusion of cutting-edge technology and familiar “mine-craft-build” gameplay, offering endless possibilities for Creative or Survival adventures. 

    Unlike conventional virtual worlds, District 53 introduces players to a fully decentralized ecosystem where player-driven economies thrive and every interaction shapes the landscape. With its integration into the Solar Blockchain, District 53 empowers players with true ownership of their digital assets and fosters a community-driven ethos where innovation knows no bounds. 

    In Conclusion

    tymt™ represents a paradigm shift in gaming, bridging traditional and emerging technologies while empowering users with innovative features. As gaming evolves, tymt™ stands at the forefront, offering a glimpse into the future of gaming.

    About Solar Enterprises

    Solar Enterprises, funded by the Solar Blockchain Foundation, develops user-friendly, blockchain-based products, including the Solar Wallet, tymt™ game launcher, and District 53 metaverse.

    Contact

    Chief Marketing Officer
    Jacek Studziński
    Solar Network/Dokdo
    jacek@dokdo.sh

  • Rapid DePIN scaling and the path to exponential Minutes Network growth

    Rapid DePIN scaling and the path to exponential Minutes Network growth

    London, United Kingdom, March 22nd, 2024, Chainwire

    Minutes Network, the world’s first blockchain-based wholesale, DePIN voice carrier, with its, unique close to zero termination cost model unveiled more of its innovative technology today, showcasing its proprietary Mintech Rapid Growth Library (MRGL), and its power to exponentially grow the Minutes Network user base with unprecedented pace.

    Josh Watkins, CEO said “The MRGL is housed in the Minutes Network SDK, and when this is integrated into a third-party mobile application, Minutes Network absorbs the application’s unique userbase. With the capacity to seamlessly onboard millions at the press of a button, Minutes Network has the potential to become the world’s largest telecommunication voice-network by userbase.”

    The MRGL makes Minutes Network ideal for global-scale applications with billions of users, giving them instant access to a brand new monetisation method.

    Watkins added “We have our first scale implementation agreed and this will bring over 1.2 billion users to Minutes Network over the next couple of years. For perspective, the largest network by user base today is China Mobile and they have 850 million subscribers.”

    Watkins was keen to highlight whilst scale apps bring massive coverage Minutes Network is open to working with apps of smaller sizes too. “Our revenue share opportunity is available to any application that can bring Minutes Network 50,000 unique users or more.”

    Watkins expanded on this. “Usually, when networks seek to build out scale they are tied to, expensive B2C marketing approaches, this is seen as a standard cost of doing business. The MRGL sidesteps this creating a new high-precision, pay-to-play, B2B model.

    By revenue sharing with mobile applications, we further leverage our lowest cost termination model. In comparison with the traditional way telcos build scale, we get access to a huge user base, and only pay for the traffic we terminate over any application.”

    With the combined advantages of a unique, proprietary zero-cost/high-margin termination model and the MRGL, Minutes Network is primed to reimagine and reconfigure the $251 billion wholesale voice terminations market.

    Minutes Network is partnered with Minutes Network Token (MNT) creating a new DePIN initiative encompassing a sharing economy based on the voice industry minutes commodity market. All Minutes Networks net-revenues are used to buy back MNTs from the open market for redistribution as rewards to network participants.

    About Minutes Network

    Minutes Network operates in the $251 billion paid-for voice calling market. Our proprietary, next-generation, technologies deliver the lowest-cost termination charges in the market.

    Minutes Network Token (MNT) uses blockchain technologies to decentralise the global scale, multi billion dollar, telecommunications commodity minutes market. MNT tokenises bandwidth and distributes value to Minutes Network participants

    For more information users can go to minutesnetworktoken.io or join the MNT community on telegram https://t.me/minutesnetworktoken

    Contact

    CEO
    Josh Watkins
    Minutes Network
    admin@minutesnetwork.io
    447944842201

  • Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round

    Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round

    BVI, BVI, March 20th, 2024, Chainwire

    Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc. 

    In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active onchain users.

    Previously, Mystiko.Network has also been selected to participate in esteemed programs such as Binance MVB, Chainlink Startup, Polygon Ecosystem and Coinlist Seed. 

    About Mystiko.Network

    Mystiko.Network is the Base Layer of WEB3. Mystiko SDK, the universal ZK SDK, features scalability, interoperability, privacy and AI for every blockchain/dapp all at once.

    Learn more about Mystiko. Network and follow us:

    Website|Camo Wallet| Twitter| Discord | Medium | Whitepaper| Docs

    Contact

    Alex Dao
    info@mystiko.network

  • Mysten Labs Technology Prototype on Sui Provides First Proof of Elastic Blockchain Scaling

    Mysten Labs Technology Prototype on Sui Provides First Proof of Elastic Blockchain Scaling

    Palo Alto, California, March 20th, 2024, Chainwire

    Pilotfish, a prototype Sui extension, was able to grow smart contract execution throughput in direct proportion to the number of machines used.

    Mysten Labs, a team of leading distributed systems, programming languages, and cryptography experts and originators of the Sui Network, today announced a landmark achievement in scaling blockchain capacity. During testing and development in a Sui blockchain environment, Pilotfish, a prototype Sui extension, increased throughput by 8x when backed by 8 machines, successfully illustrating the possibility of linear scaling. Notably, the latency per transaction decreased as more machines were added during the test, proving the viability of linear horizontal scaling for low latency blockchain transactions for the first time ever on any blockchain.

    This proof-of-concept, was formally presented as an academic preprint titled, “Pilotfish: Distributed Transaction Execution for Lazy Blockchains,” and initially shared on January 29, 2024 as an article on the open access archive arXiv. 

    “Pilotfish is a game changer as the blockchain industry seeks to achieve the same dynamic capacity increase currently possible only with centralized server technologies,” said Lefteris Kokoris-Kogias, one of the authors of the paper and researcher at Mysten Labs. “Pilotfish has the potential to push throughput well beyond what is currently at the forefront of high-performance blockchains, enabling transaction throughput levels no other blockchain existing today can achieve.”

    Sui leads the industry in throughput by leveraging multiple cores for parallel transaction execution within individual validators. Using this approach, within months following mainnet, Sui reached 65.8 million transaction executions in a single day—the most of any blockchain ever. However, a single machine can only incorporate a finite number of cores, so throughput gains via this strategy are limited. Moreover, the machines capable of accommodating large numbers of cores are expensive to buy and use. The breakthrough solution that Pilotfish offers enables a single validator to employ multiple servers simultaneously. This new technology not only makes elastic capacity possible, but its auto-scaling architecture, akin to centralized solutions like AWS or Heroku, allows the use of smaller, cheaper servers available on demand.

    Nearly all other blockchains aiming to scale use some form of batching—grouping transactions together to be added all at once. The downside of this method is significant additional latency. Instead of transactions moving directly to finality, they are delayed waiting for others to be batched for execution with them. Unlike these other scaling solutions, Pilotfish achieves potentially linear throughput scaling without increasing latency. In the simplest terms, with the horizontal scaling enabled by Pilotfish, simply by engaging the requisite number of machines, a validator can adapt its throughput and resource use to the use case at hand.

    Alberto Sonnino, a research scientist at Mysten Labs, said, “Until now the only option to increase a validator’s capacity has been to upgrade to a more powerful machine. Pilotfish removes that constraint, making possible horizontal scaling by simply adding servers and without delaying execution. With Pilotfish, the question is no longer whether a level of throughput is possible, only how many servers it will require.”

    Pilotfish achieves its remarkable scalability by enabling a single validator to execute transactions across multiple machines. Specifically, Pilotfish partitions the validation function into three key roles: (1) the Primary, which handles sequencing transactions using a high-throughput consensus, (2) SequencingWorkers (SWs), which store transactions and dispatch them for execution; and (3) ExecutionWorkers (EWs), which store the blockchain state and execute transactions received from the SWs. Different components may reside on multiple different machines to increase the capacity of the system with more precision.

    In experimental results, Pilotfish has already achieved remarkable results in terms of linear scaling, low latency, and support for various workloads. In testing, Pilotfish reduced network response times and maintained a latency envelope below 20ms. Future plans include enhancements like multiple SequencingWorkers, shard replication, and ultra-fast networking.

    Contact

    Mysten Labs
    lexi.wangler@mystenlabs.com

  • Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold

    Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold

    London, United Kingdom, March 20th, 2024, Chainwire

    Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading.

    The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market.

    They also expect the enthusiasm for MMTR tokens to further increase as it hits the open market, which will be further fuelled by the release of The Meme Warfare game being developed by Red Apple and due for a beta release in Q2.

    Memeinator has gained significant attention from an audience of over 150,000 across social platforms, and developed a cult following rivaling that of its arch-enemy, Pepe. Fans have rallied around the token’s goal of dominating the meme coin market and its mission to achieve a $1 billion market cap.

    Memeinator (MMTR) is available to buy on the official site.

    Meme Coin Domination

    Memeinator has made its mission clear thus far: to eliminate all competition and achieve total meme coin market domination. 

    The Head of Product, Marco Tonetti, said: 

    “We have been blown away by the community support throughout the presale. As it comes to an end, it’s important to remember that this is only the beginning for Memeinator: MMTR will be available for public trading soon, followed by the release of our Meme Warfare game. Everyone here is super excited to see what comes next.”

    Memeinator aims to deliver returns as seen with meme coins like BONK, PEPE, and SHIB, while retaining the original purpose of meme coins — fun. The project doesn’t promise false utility but instead pits itself against tokens with such lofty claims.

    The Meme Warfare game, which launches later this year, brings this battle to the fans. Players control the Memeinator, destroying rival meme tokens in a retro shoot-em-up game.

    The MMTR token itself has much to offer as well, featuring deflationary tokenomics and an enticing staking program. The team hopes that MMTR can ride the current wave of meme tokens and emulate the recent price action of Dogwifhat, Smog, and others that have been leading the market according to Cointelegraph.

    Enter Meme Season

    Altcoin season has not yet “officially” begun, yet meme coins have already made an unexpectedly powerful impression on this bull run. The creators of Memeinator believe this is why the token has been so well received.

    Dogwifhat (WIF), an emerging meme token, reached the $3 price point this month, and the team believes there is potential for MMTR to achieve this from current levels and reach a price in the same region. With these ambitions, Memeinator’s goal of a $1 billion market cap seems achievable, especially when compared to the $23 billion capitalization of current meme coin leader Dogecoin.

    Momentum continues and the team expects the last remaining tokens, available at the final stage price of $0.0292 to sell out soon.

    About Memeinator

    Memeinator distinguishes itself as an innovative project in the landscape of throwaway meme coins that lack any legitimate utility. With its deflationary token, engaged community, expertly crafted NFT collection, and AI-powered video game, it offers real innovation instead of just hype. Its purpose is to eclipse its rival meme coins. And, on the way, deliver strong returns to its community via both trading its MMTR coin and staking, before smashing the $1 billion market cap.

    For more information, users can visit the website.

    Official Website | Whitepaper | Socials

    Telegram

    Twitter/X

    Contact

    Memeinator Team
    Memeinator
    pr@memeinator.com

  • zbyte’s SDK Launch: Igniting a New Era in Web3 Growth and Mass Adoption for Creators

    zbyte’s SDK Launch: Igniting a New Era in Web3 Growth and Mass Adoption for Creators

    Cayman, Cayman Islands, March 20th, 2024, Chainwire

    zbyte, the trailblazing Web3 infrastructure platform, announces the launch of its groundbreaking SDK, setting a new standard in the ease of blockchain development and accelerating the growth of Web3 ecosystems. This SDK launch is a pivotal step in zbyte’s mission to democratize blockchain technology, making it accessible and practical for creators, entrepreneurs, and developers across the globe.

    Empowering Creators with Revolutionary Tools: The zbyte SDK is designed to remove the complexities traditionally associated with blockchain development. With zbyte’s innovative approach, wallet creation becomes effortless and seed phrase-free, seamlessly integrated into any existing web or mobile app with just a few lines of code. But that’s just the beginning. zbyte’s SDK empowers developers to deploy and invoke smart contract functions directly from within their web applications, all while managing gas payments seamlessly in dPLat. zbyte’s advanced gas manager ensures transactions are paid for correctly, significantly improving the success rate on blockchain and reducing errors and incomplete transactions. This launch represents a major leap forward in enabling a more inclusive and dynamic Web3 space.

    The Power of the DPLAT Token: Central to zbyte’s ecosystem is the DPLAT token, The SDK will play a pivotal role in value accrual to the token.

    Co-Founder Saurabh Radhakrishnan on the SDK Launch: “At zbyte, we recognize the complexities developers face with Web2 and blockchain technology, from intricate infrastructures to the decentralized nature and security demands of blockchain. To tackle these hurdles, we’ve crafted an integrated platform that simplifies the development process. Our low-code/no-code environment and intuitive tools allow developers to quickly create blockchain applications, while our SDK ensures a smooth transition from prototype to production, providing the necessary APIs and tools to scale and enhance their projects. The multichain capabilities of dPlat currently encompass Polygon and Avalanche, with support for additional blockchain networks on the horizon. This dual integration provides developers with a robust foundation for building their applications, offering compatibility with two prominent blockchain ecosystems and our roadmap includes plans to expand compatibility for a multitude of other blockchain networks. We aim to make blockchain development straightforward, enabling developers to realize their innovative visions with ease and confidence.”

    The SDK-propelled ecosystem is already growing: There are developers, creators, and even companies building on zbyte’s decentralized platform. Over a dozen dApps are set to go live and promising entities like IDLink, The F* Word, and UGCVerse have launched their businesses leveraging zbyte’s infrastructure with many more in the pipeline.

    ID Link’s partnership with zbyte is transforming luxury fashion by introducing a product passport that offers detailed insights into the lifecycle of each item, fostering transparency and consumer involvement in sustainable practices. Dea Baker, co-founder of ID Link, emphasizes this collaboration as a paradigm shift, letting customers make informed choices and actively engage in the circular fashion movement with zbyte’s innovative technology.

    UGCVerses’s is redefining digital engagement, creating a dynamic space where virtual items evolve into real-world interactions, reshaping brand relationships with the digital generation. Lian Pham of UGCverse says “Our vision is a journey beyond mere transactions, focusing on meaningful connections that resonate with a new generation”. We are thrilled that it is powered by zbyte’s innovative technology to bring virtual and real experiences together.”

    The creators are coming: zbyte is revolutionizing the transition from Web2 to Web3, serving as the ‘easy button’ for all creators, including authors, designers, artists, musicians, and developers. With a strong pipeline of 25 entities and many upcoming dApps, zbyte is set to significantly help the diverse community of creators, streamlining their journey into the Web3 space.

    Rosmon Sidhik, CTO & co-founder of The F* Word, emphasizes the synergy between fashion designers and tech developers facilitated by zbyte: “Our partnership with zbyte has been instrumental in bridging the creative and technological worlds, providing an intuitive platform for fashion designers and developers alike.”

    About zbyte

    zbyte is a premium AI-enabled, Web3 infrastructure platform driving the acceleration of Web3 adoption by providing an easy-to-use dApp creation platform that supports multiple public blockchains. Existing skillsets can fuel a dApp economy by leveraging Web2-friendly programming languages, systems, and user experiences. The increased proliferation of dApps will attract more end-users and blockchain transactions, increasing the scale and adoption of blockchain-enabled applications.

    zbyte offers an array of features and functionality to enable seamless adoption of Web3 such as an API-first approach, multiple Layer1 blockchain support, connectors to Web2 systems, usage of dapps without gas fees, portability of digital assets across chains, inbuilt ZKP-based privacy, and more all in one package. Aggregating point solutions in the Web3 industry into one platform enables dapp adoption, leading to more blockchain transactions and developer migration from Web2 at scale.

    Contact

    zbyte Marketing
    zbyte
    marketing@zbyte.io