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LikeLib2.0 Technical Features, Redefining Public Chain

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Based on the country’s strategy to promote the development of blockchain, we focus on the core issues of blockchain applications in various fields, take typical blockchain applications as an important breakthrough, promote breakthroughs in key application technologies of blockchain, and study blockchain service architecture, data Key technologies such as access technology, hybrid storage, data source, cross-chain and sharding, blockchain and IoT intelligent system integration, and develop a basic platform for blockchain services, in blockchain education and training, e-government, supply chain, and carry out application demonstrations in key areas such as finance to open up the innovation chain, application chain and value chain, thus providing common and secure blockchain basic support capabilities.

Recently the technical features of LikeLib2.0 public chain system are announced through the media.

LikeLib2.0 provides a secure and stable blockchain service basic platform, covering more than 3 core modules with independent intellectual property rights, such as data connection, hybrid storage, and cross-chain technology, which is able to quickly build solutions for typical application scenarios.

Compared with LikeLib1.0, LikeLib2.0 has a higher level of improvement in core technology architecture, and the transaction speed is about 10000TPS.

The newly released 2.0 system will not only merge transaction program fees, but also copy forks of the blockchain and increase the volume of transfer transactions. The average transaction value can be distributed among the running nodes.

In addition, there have been steady improvements in supporting smart contracts, exchangeable consensus mechanisms, and various storage networks. It can replace the blockchain consensus mechanism and the basic IPFS distributed storage network according to different factors (such as transaction volume), which can store a large amount of data outside the chain.

LikeLib2.0 uses database fragmentation technology. Within the database of LikeLib2.0 public chain system, only a small part of the input transactions need to be processed, and a large amount of verification work can be completed through other conventional parallel processing on the network.

Here, BTC and LikeLib seem to be merchants from two countries. The two parties cannot trust each other and use different currencies, so they cannot directly trade.

Therefore, the two parties negotiated a set of rules (equivalent to a relay chain protocol) and established a special trading venue to handle transactions, jointly managed by large merchants (equivalent to gateways) in their own country as representatives. These large merchants also need to have a sufficient amount of assets as security.

The whole process is called a cross-chain bridge, which has technical advantages such as multi-signature technology/ring signature technology/hash locking.

LikeLib2.0 uses Lightning Network transactions and zero configuration transaction channels.

Both parties transfer funds to a common payment channel and conduct transactions by transferring funds from one end to the other. The existing hosting solutions on the Lightning Network only manage their users’ funds on one or a few, and they will not use one channel with each user. Instead, an internal private ledger is kept to record when the funds belong to the user.

Therefore, users do not have to wait for the payment channel to be broadcast to the chain. The result is a decentralized network of custodians, with each custodian running a centralized subnet with users.

Earlier we mentioned the ring signature technology in the LikeLib2.0 cross-chain bridge. The ring signature is named because a certain parameter implicit in the signature is composed according to certain rules. However, many schemes proposed later do not require the structure of the signature to be a ring, as long as the formation of the signature satisfies the spontaneity, anonymity and group characteristics, and it is also called a ring signature.

In fact, the security of the ring signature technology scheme is quite high, such as: unconditional anonymity, unforgeability, unconditional anonymity of the signer, and the signer can freely specify his own anonymity range, forming a beautiful ring logic structure, which can realize group signatures The main function of but does not require trusted third parties or group administrators.

Ring signature is a special group signature. There is no trusted center and no group establishment process. For the verifier, the signer is completely anonymous.

In terms of zero-knowledge proofs, in theory, it is possible to prove something to everyone else without exposing anything significant, and the volume of the generated proof is small, the proof cost is very low, and it has nothing to do with the amount of calculation that needs to be proved.

LikeLib2.0 uses the generation algorithm (G) to generate public parameters for the proposition, the proof algorithm (P) to generate the proof of the satisfiability of R1CS, and the verification algorithm (V) to verify the proof and other technical methods and means to finally generate the proof. It can be proved that there is a secret value reset equation satisfied without revealing the secret.

Data traceability, from the perspective of application, focuses on the process and method of tracking.

The “decentralized and distributed” technology of LikeLib2.0 records all information publicly on the “public ledger”, and can only be entered and cannot be modified. Due to the feature of multiple parties jointly maintaining the simultaneous ledger, the traditional information island problem is broken and decentralized management is realized.

In this open distributed accounting system, the blockchain provides users with openness and consensus; decentralized and transparent transactions and anonymity for both parties.

The data traceability annotation is a technique for tracing the source, reproduce the historical state and evolution process of the data according to the trace path, and realize the redirection of the historical data archives.

The World Wide Web has continued to iterate for thirty years before it has today’s prosperity and “Internet +”. If we still have confidence in the blockchain in 2020, perhaps we should give it more time. Obviously, the LikeLib2.0 public chain system has given the blockchain industry a gratifying answer in 2020.

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Satellite Industries Announces Enhanced Portable Toilet Solutions for Event Planners

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Minneapolis, Minnesota, United States, 4th May 2024 – Satellite Industries, a leading provider of portable sanitation solutions, announces the expansion of its services to accommodate a range of events, including outdoor weddings and large-scale corporate events. Satellite Industries, a company recognized for reliability and quality, offers a wide range of portable toilet options.

“High-quality, clean, and accessible portable toilets remain our top priority,” said Satellite Industries CEO Tod Hilde. “We understand the challenges event planners face when creating comfortable environments for guests, and our solutions are crafted to enhance the overall experience of any event.”

Satellite Industries offers standard and luxury models, including LED lighting, flushing toilets, and handwashing stations, ensuring affordability and convenience for everyone.

So event planners can focus on their event’s success, Satellite Industries guarantees streamlined delivery, setup, and maintenance.

With Satellite Industries’ experienced team, every aspect of portable toilet rental will be handled with the utmost care and professionalism.

Satellite Industries offers a variety of premium portable toilet options for a variety of events. In addition to wheelchair-accessible units, luxury restroom trailers, and portable handwashing stations, event organizers can customize their restroom facilities to meet their specific needs.

About Satellite Industries :

Satellite Industries offers a wide range of portable toilet rentals in Miami as a leading provider of event sanitation solutions. Satellite Industries strives to provide top-notch facilities and services through innovation, quality, and customer satisfaction. Satellite Industries is a global leader in portable sanitation solutions, catering to the dynamic needs of the event planning industry for more than six decades.

 Over the past 65 years, Satellite Industries has become the leading provider of portable restrooms, mobile trailers, trucks, and deodorizers. Safe-T-Fresh Vacuum Trucks, Satellite Suites, and Satellite Vacuum Trucks are some of its renowned brands.

If you would like to learn more about Satellite Industries and their services, or if you would like to book portable toilets for your next event, please visit https://www.satelliteindustries.com/.

Media Contact

Organization: Satellite Industries

Contact Person: Psai Williams

Website: https://www.satelliteindustries.com/

Email: [email protected]

City: Minneapolis

State: Minnesota

Country: United States

Release Id: 04052411712

The post Satellite Industries Announces Enhanced Portable Toilet Solutions for Event Planners appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Mcleonard Duruiheme’s Stellar Tech Solutions Enables Strasec Consulting to Emerge as a Beacon of Innovation in Digital Transformation

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The company has gained valuable recognition for focusing on innovation and providing IT solutions with a comprehensive suite of services.

Bicester, Oxfordshire, United Kingdom, 4th May 2024 – Established in 2013 by Mcleonard Duruiheme, Strasec Consulting has gained solid credibility for focusing on empowering clients’ product development with a comprehensive suite of services that address every phase of the product lifecycle. Over the years, the company has flourished under Mcleonard’s stewardship, becoming synonymous with excellence in digital transformation. 

Through its sterling digital strategies, Mcleonard’s company, Strasec has successfully executed projects across multiple sectors, including banking and financial services, gaming, healthcare, and government organizations. As the company’s premium strategic input ensures product alignment with market demands and sets new standards for engaged users and technological innovation, its products meet market demands at all stages of development. With its leadership of teams of engineers, product leads, and DevOps specialists, Strasec Consulting has demonstrated its ability to deliver step-changes in technology and business processes. As a result of pioneering in innovative excellence, the company has emerged as a beacon of innovation, offering tailored IT solutions that address complex challenges and propel companies forward in a digital-first world.

Mcleonard Duruiheme states, “We invite industry leaders, potential clients, and media representatives to connect with Mcleonard Duruiheme to explore the dynamic capabilities of Strasec Consulting and Productestry. My ongoing projects aim to further integrate advanced technological tools and methodologies, ensuring that businesses are not only equipped to handle current challenges but are also future-ready. With nearly a decade of proven expertise and a portfolio of successful projects, my companies are your go-to partners for navigating the complexities of modern digital landscapes.” 

Holding an MBA from Sheffield Hallam University, Mcleonard Duruiheme’s stellar academic prowess and impressive career spanning over a decade in digital innovation and leadership have enabled him to stand at the forefront of the technology sector. His dedication and visionary leadership at Strasec Consulting has empowered him to earn recognition as a pivotal figure in shaping modern digital strategies. The scalability, security, and data integrity he demonstrated as part of the AWS migration for William Hill illustrates his ability to enhance operational efficiency and customer engagement by enhancing scalability, security, and data integrity.

With a focus on digital transformation and product management, Mcleonard Duruiheme has consistently provided visionary leadership and expertise since establishing Strasec Consulting in 2013. As a result of his strategic foresight and deep industry knowledge, Strasec Consulting and its coaching arm, Productestry, have been able to lead the industry in terms of innovation. A key element of his leadership style is mentoring, which allows him to guide teams through complex project landscapes while utilizing agile methodologies to achieve optimal results. His passion for education is evident in his hands-on workshop and seminar approach, which shares his suggestions for effective product strategy, vision, and roadmap planning.

For further details, visit Mcleonard Duruiheme’s LinkedIn profile:

https://www.linkedin.com/in/mcleonard-d?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

Media Contact

Organization: Strasec Consulting & Productestry

Contact Person: Mcleonard Duruiheme, Founder & Director

Website: https://strasecconsulting.co.uk

Email: Send Email

City: Bicester

State: Oxfordshire

Country: United Kingdom

Release Id: 04052411485

The post Mcleonard Duruiheme’s Stellar Tech Solutions Enables Strasec Consulting to Emerge as a Beacon of Innovation in Digital Transformation appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Transforming Waste Management: RVM Token to Launch Presale on May 15, 2024

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Bandar Tasik Selatan, Kuala Lumpur, Malaysia, 4th May 2024 – The RVM Token, a cryptocurrency focused on sustainability, is set to transform how users approach waste management and recycling. By merging innovation with environmental responsibility, RVM Token has offered a solution to combat the global crisis of waste generation and its impact on the environment.

The presale for RVM Token is scheduled to begin on May 15, 2024, marking the start of a journey toward a cleaner, greener planet. The project encourages individuals and communities to recycle through Reverse Vending Machines (RVMs), rewarding them with incentives for responsible waste management practices.

RVM Token is designed to offer faster transaction processing, bolstering user efficiency and satisfaction. One of the exciting aspects of RVM Token is its rewards system, which allows users to earn incentives for actively participating in recycling through RVM machines. These machines gather recyclable materials like plastic bottles and aluminium cans. They also accept a broader range of recyclables, which helps reduce waste and conserve natural resources. Users are rewarded for their contributions, encouraging more people to participate.

By choosing RVM Token, users contribute to environmental sustainability and support eco-friendly projects. The token’s design encourages responsible behaviour while fostering a community dedicated to reducing waste and mitigating climate change.

RVM Token has developed a strategic token distribution and allocation model to bolster its ecosystem’s sustainable growth and operation. The initial token sale will allocate a portion of the total supply to fund project development and expansion initiatives. Community rewards will be distributed to users actively participating in recycling and other eco-friendly activities. A reserved portion of tokens will compensate the project team and advisors, with additional tokens allocated for strategic partnerships with recycling facilities and waste management companies.

The token allocation plan emphasises the rewards pool, the primary source for purchasing RVM machines and expanding the RVM network. The development fund supports ongoing platform maintenance and enhancement, while marketing and promotion tokens drive awareness and user adoption. A reserve pool is maintained for liquidity and operational needs.

RVM Token offers various uses within its ecosystem. Users can redeem tokens for rewards, discounts, and other benefits RVM partners provide. Additionally, tokens can be used to pay inside the RVM Vending Machines for RVM services. RVM token holders may also participate in governance processes, allowing them to vote on RVM system upgrades, policy changes, and community proposals. Staking and yield farming enable users to maximise their token holdings.

The RVM token’s focus on waste reduction and recycling can earn carbon credits by offsetting carbon emissions linked to landfilling and incineration. By collaborating with environmental organisations and carbon credit programs, the RVM token can monetise its ecological impact, thereby incentivising further recycling efforts.

By participating in carbon credit markets, the RVM token rewards users for recycling and generates revenue to fund sustainability initiatives and drive positive change. This approach creates a virtuous cycle where recycling is encouraged, environmental impact is mitigated, and sustainability projects receive the necessary funding.

About RVM Token – 

​​The RVM Token project represents a new era in waste management and sustainability. It focuses on incentivising recycling and fostering a community dedicated to environmental responsibility. By aligning innovation with eco-conscious values, RVM Token aims to create a positive impact on the planet while offering tangible rewards to its users.

Please visit their website for more information about RVM Token and the upcoming presale.

Media Contact

Organization: RVM Token

Contact Person: Ethan Lim

Website: https://rvmtoken.io/

Email: [email protected]

City: Bandar Tasik Selatan

State: Kuala Lumpur

Country: Malaysia

Release Id: 04052411683

The post Transforming Waste Management: RVM Token to Launch Presale on May 15, 2024 appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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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.

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