Parallel (PAR) news

Wayfinder (PROMPT): The AI Compass for Blockchain Worlds

What is Wayfinder (PROMPT)? Wayfinder (PROMPT) is a blockchain platform designed to help AI agents work and move across multiple blockchain ecosystems. Think of it as a GPS for smart AI agents, guiding them through the complex world of blockchain apps, wallets, and transactions. These AI agents, called “Shells” in Wayfinder, can own and manage their own digital wallets. They can buy and sell tokens, mint NFTs, or use financial tools—without any human help. They do all this by following “Wayfinding Paths,” which are like routes on a digital map made especially for blockchain. Before Wayfinder, AI agents had no clear way to find their way around blockchains. Now, they can follow instructions, make smart choices, and even learn from each other as they go. Who Created Wayfinder (PROMPT)? Wayfinder was developed by Parallel Studios, the same creative minds behind the blockchain-based strategy game Colony. Parallel Studios built Wayfinder as part of the Echelon Prime ecosystem, a decentralized network of tools and games powered by blockchain technology. While Colony is the first game to use Wayfinder, the platform is designed for much more than just gaming. Its creators believe that Wayfinder could help change how AI and blockchain interact in finance, trading, and many other fields. What VCs Back Wayfinder (PROMPT)? The specific venture capital firms backing Wayfinder have not been publicly disclosed in available sources. However, Parallel Studios has undergone multiple funding rounds. ● The first notable round was in October 2021, where Parallel Studios received a $50 million investment led by Paradigm. ● In March 2024, Parallel Studios announced another funding round, raising $35 million from investors such as VanEck, Distributed Global, Solana Ventures, The Operating Group, Focus Labs, Big Brain Holdings, Devmons, Builder Capital, Base, and Spartan Group, along with notable angels like Solana co-founders Anatoly Yakovenko and Raj Gokal, Pudgy Penguins CEO Luca Netz, and YGG co-founder Gabby Dizon. How Wayfinder (PROMPT) Works Components Wayfinder is a set of tools that lets AI agents interact with blockchains the way a human might—with even more speed and less effort. Here's a breakdown of how it works: 1. Shells – AI Agents with Wallets Shells are AI agents that act independently. Each Shell is tied to a secure blockchain wallet. This means it can sign transactions, move assets, and interact with smart contracts. When someone creates a Shell using Wayfinder’s native token, that Shell becomes theirs to program, customize, and direct. Shells can learn from experience. They remember past actions and results and share those memories with other Shells. So, when one Shell learns something new—like how to complete a trade—it helps the whole network improve. 2. Wayfinding Paths – The Smart Routes These are like roads on a map. Wayfinding Paths tell Shells how to reach specific goals in blockchain environments, such as trading a token or joining a marketplace. Each path is reviewed and tested by the community before becoming available. Once approved, these paths are stored in a public library for any Shell to use. Shells pay a small fee (in Wayfinder’s native token) to use a path. The people who build these paths get rewarded in tokens too. This creates a win-win system where developers are motivated to make helpful, safe paths, and users get smart tools that actually work. 3. Learning and Memory Sharing One of Wayfinder’s big advantages is shared memory. If one shell finds a safe way to trade tokens or bridge assets across chains, other shells can use that same path. It’s like every shell is part of a shared brain that gets smarter over time. That also means the network keeps getting smarter the more it’s used. 4. Natural Language Interfaces You don’t need to be a programmer to use Wayfinder. Thanks to language models (like the ones that power ChatGPT), users can give Shells simple, natural instructions—like, “Buy an NFT from Collection XYZ if it’s under $100.” The Shell figures out how to make that happen. This opens the door to a whole new group of users, including people with no coding experience. 5. Security First Each wayfinding path has to be tested and verified by special agents (called Verification Agents) before it’s added to the network. Developers who create paths have to lock up tokens as a kind of deposit. If their path turns out to be dangerous or faulty, those tokens can be taken away. 6. PROMPT Token Wayfinder is expected to launch its own native token called PROMPT. This token will be used for: ● Paying for shell actions and path usage ● Staking and security deposits ● Governance (voting on network decisions) ● Developer rewards and bounty programs What Can You Do with Wayfinder? Wayfinder makes AI more useful in blockchain environments. Here are just a few things it can do: ● Trade cryptocurrencies: Shells can use trading apps to buy or sell tokens. ● Buy and mint NFTs: You can send your shell to grab the latest NFT drop. ● Bridge assets: Move tokens across chains without touching a bridge yourself. ● Run automated strategies: Shells can dollar-cost average, react to news, or trade based on market movements. Wayfinder also supports private paths, which can be used by only a few agents or require extra tokens to access. These paths may include special trading strategies, limited market access, or custom tools. PROMPT Goes Live on Bitget Wayfinder is still early in its journey. But its mix of AI, blockchain navigation, and community-powered tools could make it one of the most important platforms in Web3. By making AI agents truly useful in the decentralized world, Wayfinder is opening the door to smarter apps, games, and financial tools. As more people build with Wayfinder and train their Shells, the system will keep growing, learning, and unlocking new possibilities. It’s like giving every user a personal AI assistant that can think, act, and learn on the blockchain. And for the future of Web3? That’s a pretty big deal. At the heart of this system is PROMPT, Wayfinder’s native token. It powers the network, fuels Shell activity, and rewards the community for building new paths and possibilities. Now that PROMPT is listed on Bitget, one of the leading crypto exchanges, it's easier than ever to get involved. How to Trade PROMPT on Bitget Listing time: April 10, 2025 Step 1: Go to PROMPTUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading Trade PROMPT on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Master Bitget Shark Fin, Bitget Dual Investment & Bitget Savings: The Secret To Growing Your Crypto Like A Pro

Bitget Earn is changing the game for crypto investors, and those in the know are already multiplying their assets like pros. If you're still letting your crypto sit idle, you're missing out on serious profit potential. The secret? Leveraging the right mix of Bitget Shark Fin, Bitget Dual Investment, and Bitget Savings. Whether you're after stable, risk-free returns, high-reward market strategies, or passive income, Bitget Earn has the perfect tool to supercharge your earnings. Bitget Shark Fin: Secure Profits like An Industry Expert with Structured Investments You're playing it safe but want better returns regardless: Bitget Shark Fin is your go-to strategy. This principal-guaranteed structured investment product secures your initial investment, whilst offering juicy APRs when market conditions align with the set range. Why Choose Bitget Shark Fin? Bitget Shark Fin gives you the best of both worlds—the security of principal protection combined with the potential for optimised returns. Your funds remain safeguarded; meanwhile, the structured investment model allows you to earn above-market APRs if the asset price stays within a defined range. It's an ideal choice for investors who want predictability with a touch of extra profit potential. That way, you don't miss out on better earnings even with your risk close to zero. How It Works ● If the asset's price stays within the defined range, you receive an enhanced APR. ● If the asset's price moves outside the range, you nonetheless receive a base APR of 6%. ● Returns are determined based on the price range movement, allowing for potentially higher yields than regular savings accounts. Who's It For? ● Investors who want stability but higher returns than traditional savings ● Those who don't want to stress over market movements ● Anyone looking for a low-risk way to compound crypto earnings Bitget Dual Investment: Turn Market Moves into Profit-Generating Opportunities The market moves every second, and if you're not taking advantage of it, you're leaving money on the table. Bitget Dual Investment lets you capitalise on price changes, no matter if you're aiming to acquire crypto at a set price or convert holdings into stablecoins at a predetermined value. The best part? You earn high interest all throughout the waiting time. Why Choose Bitget Dual Investment? This product is all about strategic positioning. You set a target price, and if the market reaches it, your funds are converted with added interest. If it doesn't, you keep your original asset and still get paid interest. It's a win-win for those looking to increase their holdings or lock in favourable exit points, all while generating passive returns. For investors who like to stay ahead of the curve and make every market movement count, this is unequivocally the tool of choice. How It Works ● Target a conversion price: Set a price at which you want your assets to be converted. ● Accumulate gains as your strategy unfolds: If the market reaches your chosen price, your funds are converted plus extra interest. If not, you retain your original assets and get paid interest. ● Flexible timeframes: Investment periods range from 6 hours to 295 days to give you full control over your strategy. Who's It For? ● Investors who want to profit from price movements instead of just watching the charts ● Those who don't mind waiting for the right price but want to earn in the meantime ● Anyone who wants to actively grow their holdings at reduced risk levels Bitget Savings: A Safe and Reliable Way to Put Your Crypto to Work Want effortless returns without market risks? Bitget Savings is the answer. It's the perfect way to earn guaranteed interest and, simultaneously, keep your funds accessible anytime via Bitget Flexible Savings or lock them in for higher returns with Bitget Fixed Savings. Why Choose Bitget Savings? Sometimes, the best strategy is simplicity. Bitget Savings allows you to earn predictable, secure, and effortless returns without committing to complex strategies. Do you want quick access to funds? Or do you want some higher interest? Bitget Savings makes sure your crypto is working for you without requiring constant management. It's a stress-free way to earn with enormous financial flexibility. How It Works ● Bitget Flexible Savings: Interest starts accruing hourly or daily after deposit, and funds can be redeemed at any time. ● Bitget Fixed Savings: Users lock funds for a specified period (30 or 60 days) for higher returns. Some fixed-term products allow early redemption, but this may result in lower earnings. Who's It For? ● Investors who want a hands-off way to earn crypto interest ● Those who need instant access to funds in parallel with earning returns over time ● Anyone looking for a simple, low-risk way to build crypto wealth Optimising Your Crypto Portfolio with Bitget Earn A well-structured crypto portfolio blends stability, risk-adjusted growth, and strategic positioning. Here's how you can maximise your earnings by combining all three Bitget Earn products. Bitget Savings serves as the foundation of a stable portfolio. By allocating funds to Bitget Flexible Savings, investors maintain both liquidity and a steady passive income. For those willing to commit for better returns, Bitget Fixed Savings provides a higher yet predictable yield. For enhanced yet controlled growth, Bitget Shark Fin offers an ideal solution. It protects principal investments as well as maximising returns through structured pricing models. This ensures stability coupled with APR increases under favourable conditions. Investors looking to actively engage with market dynamics can incorporate Bitget Dual Investment. This product enables capitalising on strategic asset conversions for earnings regardless of whether target prices are met. By integrating these strategies, investors can optimise returns and manage risk effectively. As a result, they can expect their crypto holdings to work efficiently across different market conditions. Below are some possible portfolio scenarios for different investor types: ● A well-balanced portfolio may allocate 40% to Bitget Savings for liquidity, 30% to Bitget Shark Fin for stability, and 30% to Bitget Dual Investment for market-driven opportunities. ● For those focused on maximising returns, a high-yield tactical strategy might allocate 20% to Bitget Savings, 40% to Bitget Shark Fin, and 40% to Bitget Dual Investment for an aggressive yet structured investment mix. ● Conversely, a conservative portfolio may favour 50% in Bitget Savings, 40% in Bitget Shark Fin, and 10% in Bitget Dual Investment for minimal exposure to market fluctuations, yet growth potential is maintained. ● For investors seeking trend-driven growth with capital security, integrating Bitget Smart Trend adds a new dimension to portfolio optimisation. A strategy with 30% in Bitget Savings, 25% in Bitget Shark Fin, and 25% in Bitget Dual Investment can guarantee liquidity, structured stability, and market-driven gains. Investors can also subscribe to Bitget Smart Trend using BGB equal to the remaining 20% of the portfolio, thereby leveraging Bitget's native token to unlock exclusive opportunities and potential benefits. ● More comparisons between Bitget Dual Investment, Bitget Shark Fin, and Bitget Smart Trend can be found here: Bitget Dual Investment: Your Master Key To Smarter Crypto Growth With Bitget Stop Wasting Your Crypto's Potential a.k.a. Start Earning Today! The biggest mistake in crypto investing? Letting your assets sit idle. The smart money is already leveraging Bitget Earn to compound profits, hedge risk, and accelerate growth. Now you know that there's always a Bitget Earn product waiting for you, don't get left behind. Subscribe to Bitget Earn today and be the financial powerhouse of Web3!

Monad (MON): A New Layer-1 That Enhances the Speed and Efficiency in Crypto

What is Monad (MON)? Monad (MON) is a new Layer-1 blockchain designed to be compatible with and to enhance the Ethereum Virtual Machine (EVM). This means it can run the same smart contracts and dApps as Ethereum. However, Monad aims to improve upon Ethereum by offering faster transaction speeds, lower costs, and better scalability. With 10,000+ TPS, Monad can support a multitude of large-scale dApps in various categories such as DeFi, GameFi, metaverse, etc. Who Created Monad (MON)? The Monad Foundation is the organization behind Monad blockchain. This independent group is responsible for developing the technology, promoting its adoption, and ensuring its long-term success. The foundation focuses on community engagement, governance, and providing resources for developers who want to build applications on Monad. Keone Hon, the CEO of Monad, is one of its co-founders. He has a strong background in computer science and blockchain technology, having worked at several tech startups before leading Monad. Under his leadership, Monad has focused on improving blockchain efficiency and transparency. Eunice Giarta, the co-founder and General Manager of Monad Foundation, also brings years of experience in technology and finance. She has worked as a product manager at major firms like Shutterstock and Broadway Technology and has experience in banking, trading, and software development. Together, Keone Hon and Eunice Giarta are driving Monad toward becoming a major player in the blockchain space. What VCs Back Monad (MON)? Monad has attracted significant interest from investors. In 2023, Monad raised $19 million from Dragonfly Capital, Placeholder Capital, Lemniscap, Finality Capital, Shima Capital, Naval Ravikant, Cobie, Hasu, and others. Then, in 2024, the project raised $225 million in a funding round led by Paradigm, one of the biggest names in blockchain venture capital. Other major investors in this round included Electric Capital, Coinbase Capital, among others. How Monad (MON) Works Monad achieves its impressive performance through several innovative technologies: 1. MonadBFT Consensus Mechanism Efficient Agreement Monad uses a consensus protocol called MonadBFT, an optimized version of the HotStuff algorithm. This system streamlines communication between nodes (computers in the network) and block leaders (nodes proposing new blocks), reducing the number of steps needed to agree on new blocks. Fallback Mechanism If the block leader doesn't propose a valid block in time, MonadBFT has a backup process. This ensures the network can still reach an agreement, even if there are delays or issues. 2. Asynchronous Execution Decoupling Processes In Monad, the process of agreeing on the order of transactions (consensus) is separated from the process of executing those transactions. This means nodes can decide on the order of transactions without immediately executing them, allowing both processes to run simultaneously in different "lanes." Efficient Use of Time By separating these processes, Monad ensures that both consensus and execution can use the full block time (one second) independently, leading to better performance. 3. Parallel Execution Concurrent Processing Unlike traditional blockchains that process transactions one after another, Monad executes multiple transactions at the same time. This is possible through a method called optimistic execution, where transactions are processed in parallel, and any conflicts are resolved by re-executing affected transactions. Dependency Management Monad uses tools to predict which transactions might affect each other. By understanding these dependencies, it schedules transactions more effectively, reducing the chances of conflicts and the need for re-execution. 4. MonadDb Storage System Custom Database MonadDb is a specialized database designed to store blockchain data efficiently. It uses a structure called a Patricia Trie, which helps organize data in a way that's both space-saving and quick to access. Asynchronous Input/Output (I/O) To support multiple transactions happening at once, MonadDb handles data reads and writes without causing delays. This is achieved through asynchronous I/O, allowing the system to continue processing other tasks while waiting for data operations to complete. Direct Storage Access MonadDb can bypass traditional file systems, writing data directly to storage devices. This reduces overhead and improves performance, especially when using modern solid-state drives (SSDs). Efficient Data Management As the blockchain grows, MonadDb manages old data by compacting and organizing storage space. This ensures the system remains fast and doesn't consume unnecessary storage. Closing Thoughts Monad is an exciting new blockchain that promises to bring high speed, low costs, and better efficiency to smart contracts and decentralized applications. By using parallel execution, an optimized virtual machine, and an improved storage system, Monad aims to solve Ethereum’s biggest problems while remaining compatible with its ecosystem. If Monad succeeds, it could become a major player in the blockchain space, offering a faster and more scalable solution for developers and users worldwide. However, it will need to prove its reliability, security, and ability to attract adoption in the competitive crypto landscape. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Swarms (SWARMS): Revolutionizing Enterprise Automation with AI Collaboration

What is Swarms (SWARMS)? Swarms (SWARMS) is a platform that leverages Large Language Models (LLMs) and other AI technologies to improve how businesses operate. Unlike traditional AI solutions that rely on a single AI system to handle tasks, Swarms uses a multi-agent collaboration system. This means multiple AI models work together as a team to complete tasks, each specializing in different roles. Think of it as an AI workforce, where every "worker" focuses on what it does best. The name "Swarms" reflects this concept perfectly. Just like bees in a hive or ants in a colony, the AI agents in Swarms collaborate to achieve complex goals. They don’t just work individually—they communicate, coordinate, and complement each other’s strengths. This approach overcomes many of the limitations of single AI systems, such as a lack of accuracy, slow processing, and the inability to handle multiple tasks at once. Who Created Swarms (SWARMS)? Swarms was created by Kye Gomez, a passionate leader and innovator in AI. Kye has been programming since the age of 12, and over the years, he has turned his early interest into a remarkable career. Today, he serves as the CEO of Swarms and leads a global AI research community called Agora, an open-source non-profit organization with over 8,200 researchers worldwide. Kye’s vision is bold yet clear: to democratize access to revolutionary AI technologies. He believes that advanced AI should be available to everyone, not just big corporations with deep pockets. His work at Swarms reflects this philosophy, focusing on making AI solutions accessible and practical for enterprises of all sizes. What VCs Back Swarms (SWARMS)? When it comes to VC support, the specifics about Swarms’ backers remain under wraps for now. However, Swarms is clearly making waves in the industry, thanks to its innovative technology and strong leadership. While the exact VC names are not public, the company’s rapid growth and adoption suggest it has significant interest from investors who see the potential of multi-agent AI systems. How Swarms (SWARMS) Works What Multi-Agent Collaboration System Is The magic behind Swarms lies in its multi-agent collaboration system. Here’s how it works: 1. Breaking Down Complex Tasks When a business needs to automate a task—say, analyzing customer feedback or managing supply chains—Swarms doesn’t rely on a single AI model to do everything. Instead, the task is broken down into smaller, manageable parts. Each part is assigned to an AI agent that specializes in that area. 2. Agents with Specialized Roles Every AI agent in the swarm has a specific role. For example: ● One agent might focus on processing data from spreadsheets. ● Another might summarize lengthy reports. ● Yet another could generate predictions based on historical trends. By dividing the workload, Swarms ensures that each agent works efficiently without being overwhelmed. 3. Communication and Coordination The real magic happens in how these agents collaborate. Swarms uses advanced communication protocols to allow AI agents to share insights, validate each other’s work, and coordinate their efforts. This reduces errors and ensures that the final output is accurate and reliable. For example: ● If one agent spots a potential error in another agent’s work, it can flag it for review. ● Multiple agents can cross-check their results to reduce the risk of misinformation, a common issue in single-agent systems. 4. Human-AI Collaboration Swarms doesn’t aim to replace humans—it augments them. While the AI agents handle repetitive or time-consuming tasks, human team members can focus on strategic decisions and creative problem-solving. This partnership boosts productivity and allows businesses to achieve more with fewer resources. Why Multi-Agent Collaboration Matters To understand why Swarms’ approach is groundbreaking, it helps to look at the limitations of traditional AI systems: ● Context Window Limits: Many AI systems can only process a limited amount of information at once, leading to incomplete or inaccurate results. Swarms solves this by distributing the workload across multiple agents. ● Hallucination: Some AI models generate incorrect or nonsensical information when uncertain. Swarms reduces this risk by enabling agents to cross-verify each other’s outputs. ● Single-Task Focus: Most AI systems are designed for a specific task and struggle with multitasking. Swarms excels by deploying specialized agents for different tasks simultaneously. ● Slow Processing: By working in parallel, the agents in Swarms complete tasks much faster than traditional AI systems. In short, Swarms is designed to overcome the biggest challenges in enterprise automation, making it a game-changer for businesses. SWARMS Goes Live on Bitget Swarms is well-positioned to revolutionize how businesses use AI. Its unique approach to multi-agent collaboration offers a glimpse into the future of enterprise automation, where AI doesn’t just work for humans but works with them. As more companies adopt Swarms, the possibilities are endless. From making businesses more efficient to empowering human workers, Swarms is paving the way for a new era of intelligent automation. In Kye’s vision, the ultimate goal is simple: to democratize AI and make it a force for good in every corner of the world. With Swarms, that vision is becoming a reality. Trade SWARMS, the native token of Swarms, on Bitget now! How to Trade SWARMS on Bitget Step 1: Go to SWARMSUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading. Trade SWARMS on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

From High-Performance Blockchain To Gaming Revolution: Sonic Paves The Future Of Web3 Gaming

What Is Sonic (SONIC)? Sonic (SONIC) is a blockchain platform designed to enable sovereign game economies with unparalleled speed and efficiency. Built as the first Solana Virtual Machine (SVM) chain, Sonic leverages the innovative HyperGrid framework for horizontal scaling and customisability and empowers developers to create Full-Onchain Games (FOCGs) and Autonomous Worlds while maintaining low costs, high throughput, and composability with Solana L1. With its own chain, Sonic introduces a dynamic infrastructure tailored for gaming in that players and developers are encouraged to harness blockchain technology in an accessible, scalable way. By integrating sovereign economies into games, Sonic delivers unmatched opportunities for in-game asset ownership, monetisation, and seamless gameplay experiences. How Sonic (SONIC) Works True ownership and sovereign economies Sonic provides players with true ownership of in-game assets by utilising NFTs and blockchain technology. Unlike traditional gaming platforms, Sonic ensures that all transactions are immutable, secure, and transparent. Players can trade, buy, or sell game assets, creating dynamic game economies that extend beyond the digital realm. HyperGrid: Scaling for the future HyperGrid is Sonic’s state-of-the-art Layer 2 framework, designed to overcome the limitations of Solana L1 in handling massive transaction volumes. By introducing parallel processing and native composability, HyperGrid ensures low-latency, high-throughput gaming experiences. HyperGrid’s Shared State Network (HSSN) and Bridge enable seamless interoperability and high-security roll-ups to Solana, ensuring a scalable and secure ecosystem for developers and players alike. Developer-friendly ecosystem Sonic introduces RUSH, a Rust-based Entity-Component-System (ECS) framework that streamlines blockchain integration for game developers. By abstracting complex blockchain logic, RUSH allows developers to focus on creating engaging gameplay experiences without extensive blockchain expertise. Features like one-click deployment, customisable on-chain logic, and composable gaming primitives make Sonic a preferred choice for Web3 game development. Economic opportunities Sonic enables developers to build monetisation infrastructures, including payment systems and traffic settlement, directly on-chain. Players can also engage in a thriving marketplace to trade assets, earn through gameplay, and participate in staking for network security and rewards. Sonic's unique combination of decentralised infrastructure and economic integration ensures a vibrant and sustainable gaming ecosystem. The SONIC token The SONIC token serves as the backbone of the Sonic ecosystem and its interconnected SVM networks. As a utility token, SONIC plays a crucial role in platform operations, enabling staking for network security, governance participation, and in-game transactions. Users can stake SONIC to earn rewards and bolster network security, with validators and delegators incentivised through token emissions and surplus fees. It also functions as a payment currency for in-game purchases, asset trading, and as a medium of exchange within Sonic's sovereign economies. Additionally, token holders have the power to influence governance decisions, shaping the ecosystem's future. With a sustainable tokenomics model that incorporates vesting schedules and milestone-based releases, SONIC ensures long-term ecosystem stability and maintains its token value over time. SONIC Goes Live on Bitget Sonic is revolutionising blockchain gaming with its high-performance infrastructure and seamless integration of gaming and economic systems. The introduction of SONIC further enhances its vision by empowering players and developers alike to thrive in a decentralised ecosystem. SONIC on Bitget Launchpool SONIC will be a part of Bitget Launchpool, a platform for users to farm new tokens for free over the course of a few days. Join now to get the best out of it! From January 07, 2025 at 12:00 to January 10, 2025 at 12:00 (UTC), you can grab a share of 7,800,000 SONIC through: BGB Pool: ○ The minimum BGB locking amount is 5 BGB. ○ Each VIP0 user can lock up to 10,000 BGB in Bitget Launchpool to earn from the 7,800,000 SONIC pool. ○ Each VIP1-VIP7 user can lock up to 30,000 BGB in Bitget Launchpool to earn from the 7,800,000 SONIC pool. To use Bitget Launchpool, follow these simple steps: ● Step 1 - Coin Locking: Begin by selecting a pool from the available options. Choose the cryptocurrency you want to lock and the duration of the locking period. Once selected, confirm your locked amount to join the pool. ● Step 2 - Coin Distribution: After locking your coins, you'll automatically grab a share of the promotion pool based on the proportion of your locked amount compared to the total locking pool amount. ● Step 3 - Results Display: Keep track of your earnings by checking the Participation History. Here, you can view the distribution of earnings and monitor your locking progress. For more specific information on how to get SONIC tokens on Bitget Launchpool, check out the announcement here . Lock BGB to get SONIC now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Fuel Network (FUEL): Revolutionising Blockchain Scalability

What is Fuel Network (FUEL)? Fuel Network reimagines blockchain scalability with its modular execution layer that is built to decouple execution from consensus. Unlike traditional blockchains where every transaction must flow through the same bottleneck, Fuel allows for a streamlined and efficient process by separating computation and validation. This architecture reduces congestion and gas fees while enabling developers to push the boundaries of innovation. Whether for DeFi, gaming, or prediction markets, Fuel's modular approach ensures that decentralised applications can operate at lightning speed without sacrificing security. Who Created Fuel Network (FUEL)? Fuel Network was co-founded by two pioneers in blockchain technology: John Adler and Nick Dodson. John Adler, renowned for his contributions to Optimistic Rollups and Layer-2 scaling research, laid the foundation for Fuel's modular architecture. Nick Dodson, with a background in blockchain entrepreneurship and decentralised systems, complements Adler's technical vision with sharp strategic leadership. Together, they've crafted a network that prioritises both innovation and practicality and ensures that developers have the tools they need to build the future of Web3. How Fuel Network (FUEL) Works What is Sway? Fuel’s programming language, Sway, takes blockchain development to the next level. Unlike Solidity, which is riddled with complexity, Sway is purpose-built for simplicity, safety, and speed. It provides developers with a clean syntax and powerful tools to create efficient and expressive smart contracts. Furthermore, Sway's compatibility with Solidity through a full transpiler ensures developers can migrate projects seamlessly while benefiting from Sway's superior features. Sway is the tool to use for any advanced dApp and even for scalability optimisation. The Architecture of Fuel Network At the core of Fuel lies the FuelVM, a custom virtual machine designed to redefine blockchain performance. Built for speed and scalability, it leverages a UTXO-based model for transaction validation to enable parallel execution and reduced gas fees. This means that developers can create complex financial systems and real-time markets without the inefficiencies plaguing traditional blockchain models. By offering a modular architecture, FuelVM ensures that execution can be tailored to specific use cases and paves the way for diverse dApps across industries. The Future of Fuel Fuel's trajectory is fuelled by its rapidly growing ecosystem of decentralised applications (dApps), each demonstrating the network’s unmatched scalability and flexibility. Projects like Mira Exchange, the most efficient AMM on Fuel, and Swaylend, the first lending protocol on the network, are redefining DeFi through low-latency, cost-efficient designs. Meanwhile, Griffy, a NASDAQ-inspired marketplace for trading opinions, and Thunder, an NFT marketplace, showcase Fuel's ability to cater to diverse, innovative use cases. Tools like Fuel Bridge streamline cross-chain transfers, further enhancing interoperability, while Spark, a predicate-based central limit order book, promises to revolutionise trading mechanics. Fuel is set to expand its reach as developers unlock new possibilities such as real-time prediction markets, intent-driven exchanges, and on-chain capital markets—all supported by its modular design and high-performance architecture. The FUEL Token The FUEL token is an entry point into a blockchain ecosystem pushing the boundaries of what’s possible in decentralised finance. FUEL uniquely empowers the Fuel Network's modular execution layer and pushes innovations like Mira Exchange and Swaylend. But what sets FUEL apart is its deep integration with Fuel's native innovations, from UTXO-based asset models enabling unparalleled composability to Sway, the blockchain programming language designed for ultimate precision. With every FUEL token, you’re staking your claim in a network that isn’t just prepared for the future of DeFi but is actively defining it. As the Fuel ecosystem grows, the scarcity and necessity of FUEL within this high-demand infrastructure positions it as a cornerstone for those seeking to lead rather than follow in the blockchain revolution. FUEL Goes Live on Bitget Fuel Network stands out as a unique player in the blockchain space, offering a modular execution layer that prioritises scalability and efficiency. From the visionary leadership of its founders to its state-of-the-art tools like Sway and FuelVM, Fuel is setting a new benchmark for what blockchain technology can achieve. With its focus on empowering developers and driving innovation, Fuel is not just a network—it’s a movement towards a more scalable, accessible, and decentralised future. We are thrilled to announce that Fuel Network (FUEL) will be listed in the Innovation and Layer 2 Zone. Check out the details below: Deposit Available: Opened Trading Available: 19 December 2024, 10:00 (UTC) Withdrawal Available: 20 December 2024, 11:00 (UTC) Spot Trading Link: FUEL/USDT Activity 1: PoolX — Lock FUEL to share 3,200,000 FUEL Locking period: 19 December 2024, 10:00 – 29 December 2024, 10:00 (UTC) Lock Now Locking pool Total FUEL Campaign Pool 3,200,000 FUEL Maximum FUEL locking limit 5,000,000 FUEL Minimum FUEL locking limit 50 FUEL FUEL pool airdrop per user = user's locked FUEL ÷ total locked FUEL of all eligible participants × corresponding pool. Activity 2: CandyBomb – Trade to share 1,250,000 FUEL Promotion period: 19 December 2024, 10:00 – 26 December 2024, 10:00 (UTC) CandyBomb Promotion details: Total FUEL Campaign Pool 1,250,000 FUEL Spot trading pool 1,250,000 FUEL Activity 3: Subscribe to FUEL Earn products and enjoy up to 30% APR Promotion period: 19 December 2024, 10:00 – 17 February 2025, 10:00 (UTC) Subscribe to the featured FUEL Earn products and enjoy up to 30% APR. Join in once the product is available, you don’t want to miss out! Subscribe Now Activity 4: Social Giveaway - 250,000 FUEL Up for Grabs! Promotion period: 19 December 2024, 10:00 – 29 December 2024, 10:00 (UTC) How to participate: Follow Bitget on X. Repost/quote the giveaway post with the hashtag #FUELlistBitget and tag your friends. Sign up, deposit or trade any amount of FUEL on Bitget. Fill out the form in the giveaway post. 🎁 Bonus: 1,000 qualified users will be randomly selected to equally share the campaign pool! Activity 5: Community Giveaway: Win Your Share of 250,000 FUEL Promotion period: 19 December 2024, 10:00 – 29 December 2024, 10:00 (UTC) How to participate: Sign up, download Bitget APP and complete KYC Join both Bitget Discord and BGB Holders Group Complete a FUEL/USDT deposit or spot trade of any amount 🎁 Bonus: 1,000 qualified users will be randomly selected to equally share the campaign pool! FUEL on Bitget LaunchX FUEL will be a part of Bitget LaunchX, an innovative token distribution platform that supports public offerings as well as token airdrops and quest-based airdrops. Join now to get the best out of it! From December 17, 02:00 – December 19, 02:00 (UTC), the FUEL token launch will take place on Bitget LaunchX with the following details: ● Total sale amount: 275,000,000 FUEL ● Individual hard cap: 5,000 USDT ● Genesis sale token price: 0.02 USDT ● 100% token to be unlocked at TGE Fuel Network (FUEL) LaunchX timeline Subscription phase: December 17, 02:00 – December 19, 02:00 (UTC) FUEL distribution phase: December 19, 02:00 – December 19, 10:00 (UTC) How to join Bitget LaunchX To participate in events on Bitget LaunchX, follow these simple steps: ● Step 1: Choose the project you're interested in and click [Subscribe now]. If the subscription period hasn't started, please wait patiently. ● Step 2: Enter the amount of cryptocurrency you want to commit in the pop-up menu and click [Confirm]. ● Step 3: Once the subscription is complete, wait for the distribution period to conclude. Afterward, you can find your tokens in your spot account. Be the first one to own FUEL now! For more specific information on how to get FUEL tokens on Bitget LaunchX, check out the announcement here. Learn more: Bitget LaunchX: A Tailor-Made Early Token Distribution for Users and Projects Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Lumoz (MOZ): Computing for Blockchains and Artificial Intelligence

What is Lumoz (MOZ)? Lumoz (MOZ) is a decentralized modular compute layer that simplifies and accelerates the deployment of rollup-based blockchain solutions while offering computational support for AI applications. Its RaaS (Rollup-as-a-Service) model allows developers to rapidly create and deploy ZK-Rollups and Optimistic Rollups, making it easier to scale blockchain ecosystems. In addition to blockchains, Lumoz provides the computational backbone for AI tasks like data processing and model training, offering a powerful hybrid solution for developers working at the intersection of blockchain and AI. What sets Lumoz apart is its modular architecture, which is built to maximize efficiency, scalability, and accessibility while reducing costs. This makes it the go-to platform for developers seeking fast, secure, and cost-effective solutions. Who Created Lumoz (MOZ)? The creators of Lumoz remain unknown. What VCs Back Lumoz (MOZ)? While the creators of Lumoz are not known, the protocol has garnered significant backing from some of the industry’s leading venture capital firms. These include OKX Ventures, HashKey Capital, Polygon, KuCoin Ventures, Gate Ventures, etc. How Lumoz (MOZ) Works Lumoz operates through a modular computing architecture that enables efficiency, scalability, and accessibility. This architecture is built on layers, with each layer performing a specific function. Let’s break it down: 1. The Modular Blockchain Layers Modular blockchains solve the “impossible triangle” problem of blockchain technology—balancing decentralization, security, and scalability. Lumoz achieves this through a layered structure: ● Settlement Layer: Updates asset statuses on the blockchain. This layer operates on Layer 1 (L1) chains like Ethereum and ensures data security by verifying rollup data and recording results on the main chain. ● Execution Layer: Processes transactions on rollups, enabling faster and more efficient operations without waiting for L1 confirmation. ● Consensus Layer: Ensures the legality of transactions using consensus mechanisms like Proof of Stake. ● Data Availability Layer: Records all rollup transaction data, ensuring traceability and integrity. For ZK-Rollups, an additional Prover Layer is included to handle the computational requirements for generating zero-knowledge proofs. 2. Decentralized Computing for ZKPs and AI The Lumoz compute layer is powered by thousands of decentralized GPU/CPU nodes. These nodes handle large-scale parallel computations required for ZKPs, rollups, and AI tasks. Here’s how it works: ● zkProver Nodes: These nodes act as the computational engines, breaking down tasks into smaller pieces for parallel computation. They generate ZKPs efficiently using task splitting and recursive aggregation, reducing costs and saving time. ● zkVerifier Nodes: These nodes validate the ZKPs submitted by zkProver nodes, ensuring the accuracy and security of the system. They use distributed verification and a consensus mechanism to confirm the correctness of proofs. 3. Simplified ZKP Process Generating zero-knowledge proofs with Lumoz follows a streamlined two-step process: ● First Submission: zkProvers submit initial ZKP results. Instead of aggregating all proofs at once, tasks are processed in parallel for maximum efficiency. ● Later Verification: zkVerifiers validate the proofs, ensuring they meet the required standards before being finalized on-chain. 4. The MOZ Token: Core to Lumoz’s Ecosystem At the heart of the Lumoz Protocol is the MOZ token, which powers transactions, rewards participants, and supports the platform’s decentralized governance. Here’s how it works: 4.1. Utility of MOZ Tokens MOZ tokens serve as the primary currency within the Lumoz network. They are used to pay for: ● Transaction fees ● Zero-knowledge proof computations ● AI services 4.2. Dual Token Model with esMOZ In addition to MOZ tokens, Lumoz introduces esMOZ tokens as a way to incentivize and reward participants. ● Earning esMOZ: Users who run zkVerifier or zkProver nodes receive esMOZ tokens as rewards. ● Staking and Governance: esMOZ tokens are used for staking and participating in network governance. ● Redemption: esMOZ tokens can be exchanged for MOZ tokens at varying rates, depending on the redemption period. This dual-token model ensures a dynamic and participatory ecosystem, allowing users to contribute to Lumoz’s growth while earning rewards. MOZ Goes Live on Bitget Lumoz represents the next generation of decentralized computing, providing unmatched efficiency and accessibility for blockchain and AI applications. Its MOZ token ties the ecosystem together, rewarding users while powering the platform. Lumoz offers a glimpse into the future of scalable and secure computing. With Lumoz, building for tomorrow is easier, faster, and more accessible than ever. Join Lumoz by trading MOZ on Bitget now! MOZ on Bitget PoolX MOZ will be a part of Bitget PoolX, a platform for users to earn new tokens for free on an hourly basis. Join now to get the best out of it! Locking period: 10 December, 12:00 – 17 December, 12:00 (UTC) Pre-locking start time: 9 December, 9:00 (UTC) Total airdrop: 2,000,000 MOZ Stake DOGE to Get MOZ now! MOZ on Bitget CandyBomb MOZ will come to Bitget CandyBomb, the first-of-its-kind tasks-and-airdrop platform by Bitget! Starting from 10 December, 10:00 – 17 December, 10:00 (UTC), you can grab tickets to share 1,500,000 MOZ simply by completing the given tasks! All you have to do is to go to Bitget CandyBomb, click on the [Join] button below the corresponding event, and complete any tasks you prefer. Complete Tasks to Get MOZ now! How to Trade MOZ on Bitget Listing time: December 10, 2024 Step 1: Go to MOZUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade MOZ on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Liquidswap (LSD) Is Leading The Charge In Aptos' Decentralised Finance And More

What is Liquidswap (LSD)? Liquidswap (LSD) is the first-ever Automated Market Maker (AMM) on the Aptos blockchain. It offers a robust and decentralised platform for token swaps by leveraging the innovative Move programming language to ensure security and efficiency. Liquidswap stands out with advanced features like concentrated liquidity, dynamic fee structures, and a unique liquidity book model to revolutionise the decentralised finance (DeFi) landscape on Aptos. Who Created Liquidswap (LSD)? Liquidswap (LSD) was created by Pontem Network, a product studio known for building foundational decentralised applications (dApps) on the Aptos blockchain. Pontem Network is renowned for its innovative use of the Move programming language, which is specifically designed for the Aptos ecosystem for enhanced security and efficiency. The team behind Pontem Network has extensive expertise in developing advanced blockchain solutions and has been instrumental in bringing the first Automated Market Maker (AMM) to the Aptos blockchain. Supported by leading investors such as Animoca Brands and Mechanic Capital, Pontem Network continues to push the boundaries of what is possible in the DeFi space. How Liquidswap (LSD) Works Concentrated Liquidity Liquidswap employs a system where liquidity is divided into 'bins,' each representing a specific price range. This model significantly enhances capital efficiency by allowing liquidity providers to concentrate their assets in bins where they expect trading to occur. By doing so, it minimises slippage, ensures that trades can be executed at precise prices, and maximises the use of liquidity for both providers and traders. Liquidity Book Model This model allows users to specify exact prices for buying or selling assets, similar to placing limit orders on a traditional exchange. Each bin functions as a mini-pool within the larger pool, and liquidity providers can choose to place their liquidity in bins corresponding to specific price points. This offers a high level of control over liquidity positions for more strategic trading and liquidity provision. Dynamic Fee Structure Liquidswap adapts its fees based on the volatility of each trading pair. In periods of high volatility, fees increase to compensate liquidity providers for the higher risk of impermanent loss. Conversely, during stable periods, fees decrease to make trading more cost-effective. This dynamic approach aligns with market conditions so that fair compensation can be guaranteed for liquidity providers while competitive trading fees are effectively monitored. Unified Curve Approach Unlike traditional AMMs that use different curves for stable and uncorrelated asset pairs, Liquidswap V1 employs a unified curve model. This means stable pairs operate efficiently with smaller bin steps, while more volatile pairs use larger steps, all within a single framework. This simplification reduces complexity for users and enhances the overall efficiency of liquidity provision. High-Speed Transactions By leveraging Aptos' parallel transaction execution engine, Liquidswap can handle a large volume of transactions simultaneously. This results in exceptionally high transaction speeds, with the capability to process thousands of transactions per second. Such efficiency is crucial in the fast-paced world of cryptocurrency trading, where delays can lead to missed opportunities or unfavourable price changes. The LSD Token The Liquidswap DAO token (LSD) is central to the protocol's governance and utility framework. It enables community-driven decision-making by allowing token holders to vote on key protocol parameters, such as fee structures, liquidity incentives, and future development initiatives. LSD tokens can be staked in a voting escrow (ve) model, where the amount of voting power is proportional to the number of tokens staked and the duration of the lock-up period. This incentivises long-term commitment and active participation in governance, ensuring that the community has a direct say in the protocol's evolution and sustainability. Additionally, staked LSD tokens can earn rewards, further aligning the interests of the users with the health and growth of the protocol. LSD Goes Live on Bitget Liquidswap (LSD) is the first Automated Market Maker (AMM) on the Aptos blockchain, designed by Pontem Network to offer unparalleled efficiency and security in decentralised token swaps. Join the revolution in DeFi by participating in Liquidswap’s governance and earning through its LSD tokens! How to Trade LSD on Bitget Listing time: July 30, 2024 Step 1: Go to LSD/USDT page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade LSD on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Blockchain 101: What Is A Modular Blockchain?

This article explains modular blockchain in three different modes for all learning and understanding needs. Beginner Mode: Modular Blockchains In Essence The initial approach to building blockchains was monolithic, where a single blockchain performed all necessary functions (example: Bitcoin, Ethereum, and many other L1s). However, this design faces significant scalability challenges. Modular blockchains offer a solution by separating various functions, allowing specialised layers to handle specific tasks. This modular approach offers several key values: ● Scalability: By enabling parallel processing, modular blockchains can handle a higher volume of transactions, reducing fees and improving efficiency. ● Flexibility: Independent upgrades and customisable layers allow developers to optimise for speed, security, and other factors. ● Security: Specialised security measures tailored to each layer enhance overall system security. ● Interoperability: Designed to support cross-chain communication, modular blockchains facilitate seamless data and asset transfer across networks. Intermediate Mode: Monolithic Blockchains And The Rise Of Modular Solutions Blockchain researchers have long aimed to create an optimal system capable of accommodating all users on a single chain or a tightly coupled network of chains. This monolithic approach, where a single blockchain handles all functions - processing transactions, verifying their correctness, and achieving consensus - faces inherent scalability challenges. High hardware requirements mean that increasing transaction processing necessitates more powerful hardware for nodes and establishing a secure validator set and maintaining a consensus network requires significant overhead. In addition, applications must conform to the blockchain’s predetermined rules, thereby limiting flexibility and adaptability. These challenges have driven the development of modular blockchains. By splitting blockchains into specialised layers, each optimised for specific tasks, modular blockchains offer a more scalable and efficient solution. This approach allows the distribution of functions across multiple chains, addresses the limitations of monolithic designs and enables the creation of a more optimal, sovereign, scalable, and secure blockchain system. Advanced Mode: A Deeper Dive Into Modular Blockchains As the blockchain ecosystem evolves, modular blockchains emerge as a cutting-edge solution, addressing the limitations of monolithic designs. They offer significant improvements in scalability, flexibility, security, and interoperability. Nevertheless, they also introduce new challenges that must be managed effectively to realise their full potential. Here, we explore the key advantages of modular blockchains and the remaining issues that need to be addressed. Advantages of Modular Blockchains In this part, we will explore how modular blockchains are of a higher caliber than the original monolithic design. Below is a summary of modular blockchains' key advantages: Aspect Monolithic Blockchains Modular Blockchains Scalability Limited by single-layer processing Enhanced by parallel processing in specialised layers Flexibility Complex, slow upgrades; limited app flexibility Independent, faster upgrades; customisable layers Security Single point of failure; broad security measures Tailored security per layer; reduced attack surface Interoperability Limited, complex cross-chain interactions Designed for seamless cross-chain communication Cost Efficiency Higher hardware and operational costs Optimised resource usage; lower operational costs Scalability and Performance In monolithic blockchains, all tasks are handled within a single layer, limiting transaction throughput and making ledger management increasingly difficult. Modular blockchains, on the other hand, separate tasks into distinct layers, enabling parallel processing and significantly increasing transaction-per-second (TPS) throughput. Data availability layers handle storage and accessibility, reducing the burden on individual nodes and allowing for efficient scalability. Flexibility and Adaptability Upgrading a monolithic blockchain is complex and time-consuming, requiring extensive testing and introducing significant risks. Applications must conform to the blockchain’s predetermined rules, limiting flexibility. In contrast, modular blockchains allow individual layers to be upgraded independently without disrupting the entire system, making improvements easier to implement. Developers can choose and combine layers that best suit their needs, optimising for specific use cases. Security Monolithic blockchains must implement security measures encompassing all functions, challenging optimisation. A single layer handling all functions can become a single point of failure. Modular blockchains, however, allow each layer to employ tailored security measures, improving overall security. Distributing functions across multiple layers reduces the attack surface, with compromised layers not necessarily affecting the entire system. Interoperability and Composability Monolithic blockchains offer limited and complex interoperability, making building cross-blockchain applications challenging. Modular blockchains support interoperability by design, enabling seamless data and asset transfer across networks. This facilitates the creation of composable ecosystems where different layers and applications interact fluidly. Cost Efficiency Higher hardware requirements in monolithic blockchains lead to higher operational costs. Limited processing capacity and block space competition can spike transaction fees. Modular blockchains optimise resource usage by distributing tasks, reducing overall costs, and increasing throughput, which helps keep transaction fees lower. Arising Challenges Despite their numerous advantages, modular blockchains also face several challenges that need addressing for their widespread adoption and success, including security and complexity problems. 1. Security: ● Vulnerability Points: While modular blockchains distribute functions across multiple layers, they introduce new points of vulnerability, particularly at the interfaces and bridges connecting different layers. Each point where data or assets transfer between layers or systems can potentially be exploited by attackers. ● Bridge Attacks: Bridges, which enable interoperability between different blockchain networks, have been frequent targets for hackers. High-profile incidents, such as the Solana-Ethereum Wormhole and Axie Infinity Ronin bridge attacks, resulted in significant losses. These attacks exploited vulnerabilities in the bridge protocols, highlighting the need for more robust security measures. ● Cross-Layer Security Coordination: Ensuring that security protocols are consistently and effectively implemented across all layers of a modular blockchain is challenging. Each layer might have its own security mechanisms, and coordinating these to provide a unified defence against attacks requires careful design and ongoing maintenance. 2. Complexity: ● Backend Complexity: Establishing trust and ensuring data availability in modular systems involves complex mechanisms not required in monolithic structures. For instance, ensuring that data is consistently available across multiple shards or layers demands sophisticated coordination and validation processes, such as random sampling and cryptographic proofs. This complexity can increase the risk of bugs and vulnerabilities. ● Frontend Complexity: For end-users, interacting with modular blockchain systems can be more complicated compared to monolithic ones. Users may need to navigate multiple interfaces and sign multiple transactions, each corresponding to different layers or functions of the modular system. This additional complexity can create usability challenges and increase the risk of user errors. ● Integration and Interoperability: While modular blockchains are designed for interoperability, achieving seamless integration between different layers and external systems remains a technical challenge. Ensuring that different modules work together efficiently without introducing latency or security vulnerabilities requires advanced engineering and rigorous testing. Summary Modular blockchains represent a significant advancement over monolithic designs by offering improved scalability, flexibility, security, interoperability, and cost efficiency; yet addressing the challenges of security and complexity remains crucial for the widespread adoption and success of modular blockchain architectures. Ensuring robust security at all interfaces and bridges, simplifying user interactions, and achieving seamless integration between different layers are essential steps for the future development of modular blockchains. As the blockchain ecosystem continues to evolve, modular blockchains promise a more scalable, secure, and adaptable future for decentralised applications and systems.

Param Labs (PARAM): The Modular and Interconnected Web3 Gaming Ecosystem

What is Param Labs (PARAM)? Param Labs (PARAM) is a cutting-edge company focused on revolutionizing the gaming industry by creating a Web3 gaming ecosystem. This ecosystem is modular and interconnected, consisting of games, developer tools, and infrastructure. The goal of Param Labs is to empower gamers and developers by giving them true digital property rights, ensuring that the value they create is returned to them. The mission of Param Labs is to revolutionize the value that gamers and developers can derive from gaming experiences. By uniting unique intellectual properties (IPs) within a vast entertainment ecosystem, Param Labs aims to become the benchmark for next-generation gaming experiences. To achieve this, they use cutting-edge tools and emerging technologies such as artificial intelligence (AI) and blockchain. How Param Labs (PARAM) Works Param Labs’ ecosystem is built around five key pillars: Experiences, Infrastructure, Param L2/L3 Blockchain, Governance, and the PARAM token. 1. Experiences The Experiences pillar focuses on creating engaging and immersive games for gamers, creators, and collectors. One of the flagship products is Kiraverse, a free-to-play multiplayer shooter. Kiraverse offers various game modes like battle royale and free-for-all, along with open-world exploration. This game allows players to battle, strategize, trade, and customize their experience, creating user-generated value with unparalleled freedom. Another innovation under this pillar is Pixel to Poly, which transforms 2D images into high-quality, game-ready 3D assets. These assets can be integrated into popular games like Fortnite and GTA V, significantly reducing production timelines for game developers. There are also native NFTs of the platform, which are unique NFTs that can be used in-game, providing players and collectors with valuable digital assets. 2. Infrastructure The Infrastructure pillar provides tools for game developers to create high-quality assets and integrate them into their games. The Param Pools Wager System is a notable feature here, introducing a new way of competitive gaming. Players can stake amounts in a pool and claim the funds when they win, which means that they always get tangible rewards. A 5% fee from the pool is sent to the Param treasury, providing a revenue stream. Param Labs also offers a Web3 invisible game discovery launcher, a global NFT marketplace, and a cross-chain wallet through its ownership infrastructure. This enables game studios to transition easily into the Web3 space, granting players genuine ownership of in-game assets. 3. Param L2/L3 Blockchain The Param L2/L3 Blockchain is an innovative solution designed to enhance the Ethereum ecosystem. It operates on the Ethereum Virtual Machine (EVM), ensuring compatibility with a wide range of Ethereum applications. This blockchain allows for flexible execution possibilities, including parallel processing, and isolates gas fee spikes through a parallel fee market. Param Labs stores transaction data on a specialized Data Availability (DA) layer to optimize costs. Potential DA layers include Celestia, Polygon Avail, EigenDA, and NEAR. 4. Governance Governance in the Param ecosystem is powered by the PARAM token. This on-chain utility token facilitates governance and value accrual. The decentralized sequencer mechanism allows multiple entities to operate the Layer 2 network, reducing risks and engaging the community. Users can stake PARAM tokens to participate in the sequencing process, adding another layer of utility to the token. 5. PARAM Token Central to the ecosystem is the PARAM token. It serves multiple functions, from paying transaction fees to facilitating governance. By staking PARAM tokens, users can participate in the decentralized sequencer mechanism, further decentralizing the network and ensuring its robustness. PARAM Goes Live on Bitget Param Labs is leading a gaming revolution by creating a Web3 ecosystem that empowers gamers and developers with true digital property rights. Through its innovative products, cutting-edge infrastructure, and commitment to decentralization, Param Labs is setting a new standard for the gaming industry. Trading PARAM, the native token of Param Labs, presents a great opportunity to be one of the first supporters for a new model of Web3 gaming. How to Trade PARAM on Bitget Listing time: May 29, 2024 Step 1: Go to PARAMUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade PARAM on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.