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LikeLib2.0 Technical Features, Redefining Public Chain

Published

5 years ago

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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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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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CloudBasedBackup Introduces Annual Subscription Plans for Managed Nextcloud Hosting

Published

13 minutes ago

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May 6, 2026

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CloudBasedBackup, a Luxembourg-based managed Nextcloud hosting provider, has launched annual subscription plans with 50% off for the first year, bringing its 500 GB plan to just €2.45 per month. The offering positions Nextcloud as a full alternative to Google Workspace or Office 365, combining secure file storage, collaboration tools, and workflow automation in one privacy-first workspace. The launch discount is available at cloudbasedbackup.com/en/pricing.

Luxembourg, 6th May 2026 – CloudBasedBackup, the managed Nextcloud hosting provider built for privacy-focused teams and individuals, today announced the launch of its new annual plans. The provider will surprise customers by offering 50% off for the first year on yearly subscriptions, thus bringing its popular 500 GB plan to only €2.45 per month for the first year.

With data privacy and control becoming a top priority for organizations across Europe and beyond, CloudBasedBackup positions its managed Nextcloud offering as a secure, flexible cloud solution that combines storage, collaboration, and productivity in one place.

“Nextcloud is often thought of as cloud storage, but it’s much more than that,” said a spokesperson for CloudBasedBackup. “Our managed Nextclouds include a wide range of apps and collaboration features that can fully replace the day-to-day functionality many teams rely on from Office 365 or Google Workspace, while keeping control of data and reducing vendor lock-in.”

CloudBasedBackup’s managed Nextcloud hosting is designed to make it easy to deploy and maintain a powerful cloud workspace without the administrative overhead. Alongside secure file storage and sharing, customers can enable apps for collaboration and productivity, including tools that support document work, communication, and workflow automation.

The 50% discount applies to annual plans for the first year, including the 500 GB plan at €2.45/month (first year). Customers can view plans and secure a subscription at: https://cloudbasedbackup.com/en/pricing

About CloudBasedBackup
CloudBasedBackup provides managed Nextcloud hosting for organizations and individuals who want a secure, privacy-first cloud solution with automatic backups, collaboration tools, and simple administration. The platform helps customers consolidate storage and productivity workflows into a single flexible workspace without compromising data control.

Media Contact

Organization: CloudBased Backup

Contact Person: Marc Schiwek

Website: https://cloudbasedbackup.com/en

Email: Send Email

Country:Luxembourg

Release id:44376

The post CloudBasedBackup Introduces Annual Subscription Plans for Managed Nextcloud Hosting appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Outta PHX Print Shop Expands Production with New Five-Printhead Industrial Printer DTF System

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13 minutes ago

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May 6, 2026

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United States, 6th May 2026 — Outta PHX Print Shop, a leading production facility for DTF transfers and custom apparel in Arizona, has installed a new industrial five-printhead Direct-to-Film (DTF) printing system—significantly increasing output capacity and reducing turnaround times for high-volume orders.

This latest investment allows the North Phoenix-based print shop to double its production capacity while maintaining consistent, high-quality results across all orders. The new system supports large-format DTF printing up to 24 inches wide and improves efficiency across gang sheet production, bulk apparel orders, and same-day service requests.

With the upgraded system, production times have been reduced by approximately 50%, enabling faster fulfillment for local Phoenix clients and nationwide customers ordering through Outta PHX’s online platform.

“This isn’t just an upgrade—it’s a shift in how fast we can deliver at scale,” said Bashar Dababneh, Owner of Outta PHX Print Shop. “We built our reputation on quality, and now we’re matching that with speed and capacity that most local shops simply can’t compete with.”

The expanded production capabilities position Outta PHX Print Shop as a go-to provider for:

The company continues to serve a wide range of clients, including local businesses, clothing brands, schools, sports teams, and promotional product distributors, while also supporting nationwide shipping for custom orders.

About Outta PHX Print Shop

Outta PHX Print Shop specializes in Direct-to-Film (DTF) transfers, DTF gang sheets, UV printing, Sublimation and premium custom apparel production. Based in North Phoenix, Arizona, the company offers fast local pickup and reliable nationwide shipping through its e-commerce platform.

Media Contact

Organization: Outta PHX Print Shop

Contact Person: Brian

Website: https://outtaphx.com

Email: Send Email

Contact Number: +16027023480

Address:420 E Bell Rd, Suite #7 Phoenix, AZ 85022

Country:United States

Release id:44755

The post Outta PHX Print Shop Expands Production with New Five-Printhead Industrial Printer DTF System appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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$300M+ Condominium Tower Planned to Transform Downtown Los Angeles Skyline

Published

13 minutes ago

on

May 6, 2026

By

Los Angeles, United States, 6th May 2026 — TM Group, led by founder Temirlan Tokobekov, announced plans for a major real estate development in Downtown Los Angeles with a total projected investment exceeding $300 million. The project marks a strategic step in the company’s expansion into the United States and reflects its ambition to deliver high-impact developments in globally competitive urban markets.

The development will feature an iconic 55+ story condominium tower, designed to redefine the city’s skyline and establish a new benchmark for high-rise residential living. As demand for premium condominium residences continues to rise in major metropolitan areas, the project is positioned to meet evolving buyer expectations by combining location, design, and functionality into a single integrated offering.

Located at 613 S Grand Ave, the tower is planned to include 300+ condominium residences, complemented by ground-floor commercial space and a curated selection of high-end amenities. These are expected to include wellness and fitness facilities, premium resident services, and lifestyle-oriented spaces designed to enhance the overall residential experience.

The project is conceived as a fully integrated mixed-use environment, bringing together residential, commercial, and lifestyle components to create a dynamic urban destination. Its central location provides direct access to key business districts, cultural institutions, transportation networks, and entertainment hubs, positioning the development to attract both local and international buyers.

The architectural vision emphasizes modern design, efficient use of vertical space, and advanced engineering systems. Sustainability will also play a central role, with environmentally responsible building practices and energy-efficient technologies aligned with current standards and market expectations. The development aims to deliver long-term value while establishing a distinctive presence in the Downtown Los Angeles skyline.

“We don’t follow the market — we shape it. Los Angeles is the next step,” said Temirlan Tokobekov, Founder of TM Group.

The project is currently in the pre-development phase, including architectural planning, feasibility analysis, financial structuring, and coordination with city authorities and consultants. As the development progresses through entitlement and approval stages, additional updates are expected, including design unveilings and project timelines.

Upon completion, the project is expected to generate significant economic impact, including job creation, increased investment activity, and enhanced urban infrastructure. The development is positioned to become a key addition to the evolving landscape of Downtown Los Angeles.

About TM Group

TM Group is a real estate development and investment company focused on large-scale residential and mixed-use projects, delivering high-quality developments across international markets.

Media Contact

Organization: TM Group

Contact Person: Tim

Website: https://tmgroup-ca.com

Email: Send Email

City: Los Angeles

Country:United States

Release id:44754

The post $300M+ Condominium Tower Planned to Transform Downtown Los Angeles Skyline appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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