Press Release
ADS creates the strongest PoS equity proof mechanism
In 2010, in the early days of Bitcoin’s creation, BM challenged Satoshi Nakamoto and believed that Bitcoin’s consensus mechanism must be changed and proposed improvements.
However, the arrogant Satoshi Nakamoto did not adopt it. After emphasizing the importance and necessity of Bitcoin decentralization, he responded aggressively: If you don’t believe me or don’t get it, I don’ t have time to try to convince you, sorry.
Several years later, BM founded EOS and realized his own consensus mechanism.
Since it is a rumor, let’s just listen to it. But when it comes to consensus mechanisms, there are many things to explore. With the development and evolution of technology, the current mainstream consensus is PoW, PoS and PoS variants. Which consensus is better has always been a hot topic for discussion.
As we all know, the “impossible triangle” problem has become one of the important constraints in the development of blockchain. Therefore, whoever can better solve the problem can become the most ideal consensus mechanism.
So, who is the “ideal country” of consensus?
PoW gradually deviating from the spirit of Satoshi Nakamoto
In Bitcoin mining, Satoshi Nakamoto designed PoW (Proof of Work Mechanism).
Every 10 minutes, along with the generation of new blocks, the Bitcoin network will issue a certain amount of Bitcoin and reward it to the selected bookkeeping node.
From the surface of this mechanism, PoW is a model that pays more for more work. With higher computing power and time spent, the more digital currencies you can obtain.
However, it needs to consume a lot of energy to calculate the result of the hash function during its operation, which is easy to cause a waste of computing resources, because these operations themselves are not related to the value of the blockchain itself. Moreover, the confirmation time of the block is difficult to shorten, and it is prone to fork, and it is necessary to wait for multiple confirmations.
The new blockchain must find a different hashing algorithm, otherwise it will face a computing power attack. At the same time, each time a consensus is reached, the entire network needs to participate in the calculation, and the performance efficiency is low.
In addition, with the decrease of Bitcoin, the demand for computing power is getting higher and higher. In order to accelerate the speed of acquiring Bitcoin, a new method of mining resistance in mining pools has been born. The emergence of mining pools has disrupted the balance of Bitcoin and other encrypted digital currency systems to a certain extent, and the Matthew effect has gradually emerged.
So far, the pure PoW mechanism has no SHD completeness at all, and it deviates from the original intention of Satoshi Nakamoto.
“Perfect Alternative” PoS
So PoS (Proof of Stake Mechanism), which is considered to be able to replace PoW, appeared.
The main difference between PoW and PoS is how to determine the voting rights in the blockchain consensus. In PoW, the voting power is proportional to the computing power of the node; in PoS, the voting power of the system is proportional to the proportion of equity held. Once PoS was proposed, it was favored by people.
Compared with PoW, PoS will have a great improvement in performance, but it is also limited. And limited by defects such as the issue of TOKEN and the difficulty in determining the number of accounting nodes, it still cannot be a perfect alternative to PoW.
Secondly, the PoS system requires a highly secure network to resist hacker attacks. Currently, there is no public chain with such strength. What’s more deadly is that in the PoS public chain, the block-producing rights of the blockchain can only be determined by the head player, which makes the PoS public chain a network that is essentially monopolized and dominated by giants.
From this point of view, PoS cannot be a perfect alternative to PoW, so people began to think about whether the original mechanism can be changed, including BM, which was originally taken by Satoshi Nakamoto.
Fortunately, those who still have “consensus ideals” have never stopped exploring. Among them is the original VDS development team. The APoS mechanism they proposed may be a fire of hope that ignites our consensus ideals.
APoS: the original intention of the regression algorithm
Looking back at the evolutionary law of the consensus mechanism, we found that there is no consensus mechanism that can solve the problem of SHD completeness. Can the two types of consensus be mixed so as to integrate the advantages of the two while avoiding some drawbacks?
When the VDS development team encountered a bottleneck in the VDS public chain 2.0, they were inspired by Polkadot and proposed a ring resonance proof of stake algorithm (Λ Proof of Stake, APoS), also known as the cosmic constant algorithm Λ-Dimension.
The VDS development team creatively improved and combined PoS and PoW algorithms to form a resonance APoS consensus mechanism.
On the one hand, APoS returns to the original spiritual core of Bitcoin-decentralization. On the other hand, it solves the “impossible triangle” problem based on game theory mechanism design and Nash equilibrium thinking, and achieves security, efficiency, and decentralization. Compatible, and finally constructed a “blockchain technology system that is more in line with the current economic and financial structure needs than the original Bitcoin algorithm mechanism.”
The consensus algorithm itself is beautiful, but we increasingly lose sight of its true colors.
The reliability of mathematical algorithms is based on its preconditions. The accuracy of mathematics is conditional. Every theorem has certain preconditions and assumptions, and these preconditions cannot be proved by mathematics itself but need to be established and verified through analysis of the real world. These preconditions will also be tested in the constantly changing real world.
Today, ADS based on the APoS consensus mechanism has conducted multiple internal and public testing of the code, and has made corresponding optimizations and improvements in response to the problems that have arisen. According to the official report, ADS will be global on March 1, 2021, Singapore time 17: 00 is open for registration and subscription. In the kernel period, about 15,000 internal testers in the 123 ring will open the exchange to mix and trade about 10 days after the ring is full.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
–News Direct–
A Glittering Moment: BloFin Shines at TOKEN2049
BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.
BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofins participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward.
An Unforgettable Night: WhalesNight AfterParty 2024
As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration.
Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media
BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.
The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.
Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.
As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.
About BloFin:
As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users assets.
Contact Details
BloFin
Annio Wu
View source version on newsdirect.com: https://newsdirect.com/news/blofin-sponsors-token2049-dubai-and-celebrates-the-sideevent-whalesnight-afterparty-2024-665341179
BloFin
COMTEX_451559404/2655/2024-04-28T12:32:52
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Birmingham, UK – 26 April 2024 – The complex world of taxes seems to be a real challenge for the business world. Rapid changes are also a stress factor not only for beginners. That’s why Tax Accountant, a provider of comprehensive tax solutions, is pleased to provide consulting in everything related to the tax field.
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Any company at the beginning of its journey needs to make informed decisions, and these can only be made with experience. Experts at Tax Accountant have this power and provide high-quality services to improve the fiscal position of any type of business.
It is important to understand that taxes are the UK government’s largest source of income. As a result, the rules and regulations imposed can be quite overwhelming. Small businesses are the ones that most often face problems in the fiscal sphere. As business tax specialists who enjoy trust among clients, the team engages in various types of services, including the preparation of tax returns or financial planning.
Navigating through the daily complexities of the tax field is a real challenge that can end up bringing down businesses, especially those that don’t have enough training to find quick and efficient solutions. Accurate management of various financial obligations can only be achieved with professional training and rich experience in the field. This is what best characterizes Tax Accountant services. The team is committed to providing each client with all the necessary support, so that they can easily navigate through the difficulties of fiscal management.
About Tax Accountant:
Tax Accountant is a leading provider of professional tax services that focuses on personalized advice for small businesses. Being a good business tax advisor, the company is committed to helping its clients with efficient and comprehensive solutions, but also to making correct decisions when it comes to tax management. The personalized approach is by far the best means by which businesses of all sizes can benefit from precise services.
Media Contact:
Company Name: Tax Accountant
Contact Name: Aatif Malik
Email: [email protected]
Address: 3 Brindley Place, Birmingham B1 2JB, UK
Phone: 08001357323
Website: https://www.taxaccountant.co.uk/business-tax-services/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
HTX Launches New Trade to Earn: Trade BTC with Negative Fee Rates and Share 200,000 USDT Daily with Nonstop Rewards in 7*24 Hours!
–News Direct–
On April 28, HTX officially launches the brand-new "Trade to Earn" event. While trading BTC with negative fee rates, users can share a daily $HTX prize pool worth 200,000 USDT with non-stop rewards in 7*24 hours. This upgraded event marks a significant innovation in HTX's user participation mechanism. HTX aims to provide more users with diverse and fair participation opportunities and improve their trading experience.
HTX's Trade to Earn event includes spot trading and futures trading. Users can trade BTC/USDT in spot and BTCUSDT perpetual in futures to share respective daily $HTX prize pools worth 100,000 USDT. Participants must have a Rocket count of 300 and successfully register on the event page. After registration, you'll receive a random airdrop reward ranging from 1 to 88 USDT in futures trial bonuses.
In addition to concurrent spot and futures trading, HTX's Trade to Earn proposes an innovative 24/7 reward mechanism. The daily prize pool is divided into 24 portions, with a new portion released every hour to ensure that users have equal participation opportunities at different times. It should be noted that rewards in the hourly prize pool every day are given on a first-come, first-served basis, determined by the actual fee generation time of participants' trades.
According to the announcement, the event runs from 12:00:00 (UTC) on April 28, 2024, to 11:59:59 (UTC) on May 5, 2024. The "Trade to Earn" event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Eligible users can claim their rewards of $HTX after the time.
Furthermore, the reward ratio for Maker orders is 110%, while the reward ratio for Taker orders is 105%. The maximum daily reward per participant is 3,000 USDT for Spot "Trade to Earn" and 5,000 USDT for Futures "Trade to Earn".
Notably, all net fees generated from trading BTC/USDT in spot and BTCUSDT perpetual in futures during the event will be used for $HTX buybacks and burns to support the stable $HTX appreciation.
It is reported that since HTX launched the Spot "Trade to Earn" event, it has garnered broad user participation and received positive feedback. In the recent Futures "Trade to Earn" – Bitcoin Halving Special Edition, 100,000 USDT trading rewards were distributed within 10 minutes. In the future, as one of the world's leading crypto exchanges, HTX will consistently adhere to the principle of prioritizing users, providing users with richer and higher-quality trading services through continuous innovation and optimization, thereby propelling the sustainable development of the cryptocurrency industry.
About HTX Exchange
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. The platform's growth strategy – "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins its commitment to providing quality services and values to virtual asset enthusiasts worldwide.
About HTX
Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.
Contact Details
Michael Wang
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/htx-launches-new-trade-to-earn-trade-btc-with-negative-fee-rates-and-share-200-000-usdt-daily-with-nonstop-rewards-in-7-24-hours-891177631
HTX
COMTEX_451555802/2655/2024-04-28T10:24:40
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
Tax Accountant: Providing Individual Taxation Advice for Small Businesses
HTX Launches New Trade to Earn: Trade BTC with Negative Fee Rates and Share 200,000 USDT Daily with Nonstop Rewards in 7*24 Hours!
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