Connect with us

Press Release

Acknowledge NEC in Depth

Published

on

First of all, we need to have a brief acknowledgement of NEC

NEC (New Era) is a Layer-2 on-chain aggregator based on the core concept of Ethereum scaling. It is committed to build a modular, universal, and highly flexible scaling framework for Ethereum. Its core component is SDK, a modular and flexible development framework that supports the construction and connection of two mainstream scaling paths. Without affecting decentralization, and meanwhile, utilizing existed developer community and ecosystem, NEC is an offline/sidechain scaling solution for existing platforms, which provides scalability and excellent user experience for DApp/user functions.

To achieve on-chain aggregation, NEC needs to occupy the following core technical advantages

A full improvement of network performance:

Established on the basis of the consensus mechanism of proof of rights and interests, it shall be made as a blockchain network with extremely fast processing speed; with strong scalability, which can shorten the network congestion time ~ 5S ADN 1,0000 + TPS; support WEB3 types of technology, able to increase its throughput rate.

Ultra-high compatibility:

Fully compatible with Ethereum’s web3js interface API. This means that the website or service interacts with the Ethereum network. Web3 tries to empower users and regain the value they create. Fully compatible with EVM, DAO and smart contracts, it provides developers with comprehensive options to experiment and build clear distributed applications. One-click DApp migration tools can exchange and utilize information comprehensivelt in the ecosystem.

Ecological rewards:

In NEC network, end ultimate users are also provided with the option of participating and passively earning considerable income. What ETL pledge shows is such kind of feature, it allows users to pledge tokens and get rewards to maintain the stability of the NEC network, the APY provided by NEC for users is as high as 18%.

Wallet application:

In the wallet application planned by NEC, good services are provided for those who want to easily hold, send or receive funds. It can easily connect to hardware wallets and provide a seamless experience.

The ecological governance of DAO is certainly included

NEC decentralized on-chain operation is inseparable from the governance of DAO. As a decentralized autonomous organization, DAO maintains operations through smart contracts. It encodes transactions and regulations on the blockchain. With unique advantages, it can achieve openness and equality, unmanned intervention and autonomous operation, but it does not have legal entity. On-chain voting and management of decentralized autonomous organizations. It is a type of DAO that reached a consensus with POSDAO. The verifier is a distributed autonomous group based on the benefits of participation that provides benefits and obtains benefits. DeFi projects can use the governance mechanism as to run DAO on platforms, such as proposal and voting systems, community fund collection, etc.

NEC will ensure the release and development of its own ecological applications until the NEC community is established to be fully decentralized in self-maintaining. The DAO governance of NEC ecology adopts a token incentive mechanism. The token will be used as a value storage carrier to capture and solidify the increasing value of the protocol network.

And the Ethereum instant client based on the PoS network—OpenNEW ERA

OpenNEW ERA is the fastest, lightest and most secure Ethereum client developed based on an instant PoS network that does not need permission. It has a lightweight identity protocol and a stability protocol. It uses the Rust programming language. It is licensed under GPLv3 and can be used for all Ethereum needs. Specifically, the lightweight identity protocol means that it can match the hash-value of the public key and the mobile number, thereby allowing encrypted currency to be sent to any mobile phone number, which eliminates many barriers to encrypted currency transactions. A smart phone can act as a node in the NEW ERA network, which is achieved through instant synchronization of ultra-light clients.

  1. Clean, modular code base, easy to customize
  2. CLI-based advanced client
  3. Minimal memory and storage space
  4. Use Warp Sync to synchronize per hour instead of days
  5. Modular, and can be easily integrated into your service or product.

About Author

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.

Continue Reading

Press Release

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it maintains dividend

Published

on

–News Direct–

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance in a small-scale oxide project. However, the latter half of the year saw substantial improvement in Blanket's production.

The company also encountered increased costs, notably in labour and electricity, along with one-off administrative expenses, which have been addressed. To mitigate labour costs, Caledonia initiated more efficient timing systems for workforce management, particularly for their new, larger, and lighter shaft operations. For electricity, the company plans to reduce consumption and has already made strides by substituting diesel usage with a solar project.

Due to improving cash flows, Learmonth said Caledonia maintained its quarterly dividend at 14 cents.

The underground exploration program at Blanket resumed last January, showing promising drill results that led to extending the mines life considerably, from 2034 to 2041. Learmonth said this extension will be further supported by an upcoming new resource statement. Moreover, Caledonia is progressing with an updated feasibility study on the Bilboes sulphide project, aiming to publish it in the coming months.

Contact Details

Proactive UK

Proactive UK

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/caledonia-mining-tackles-2023-challenges-with-optimism-for-2024-as-it-maintains-dividend-474868449

Caledonia Mining Corporation PLC

comtex tracking

COMTEX_449969282/2655/2024-03-28T08:12:34

About Author

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.

Continue Reading

Press Release

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

Published

on

–News Direct–

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers.

Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely designed to be peripherally restricted to mitigate CNS-mediated side effects associated with previous PD10 inhibitors. This design aims to ensure safety and tolerability, a primary goal in this phase of clinical research. She said the study successfully met its objectives, proving the hypothesis that peripheral restriction could eliminate adverse side effects, although it was not positioned to assess therapeutic value directly.

Phelan further detailed the study's methodology, highlighting its role in estimating the pharmacologically relevant exposure and understanding the drug's exposure profile, which is critical for determining the efficacious dose for future patient trials. The interview also shed light on BenevolentAI's innovative platform that integrates diverse data types, including genomics and transcriptomics, through advanced AI and machine learning models.

This platform identified PDE10 inhibition as a novel approach for treating ulcerative colitis, despite the lack of direct literature linking PDE10 to the condition, demonstrating the company's proprietary method in target discovery.

Looking ahead, Phelan mentioned ongoing Biomarker Qualification studies and extended toxicology studies to pave the way for phase 1b and phase 2 studies, with an emphasis on ensuring longer dosing durations are safe for patients. This step is pivotal for moving BEN-8744 towards clinical efficacy trials, underlining BenevolentAI's commitment to advancing drug development through AI-enabled insights.

Contact Details

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/benevolentai-advances-novel-ulcerative-colitis-treatment-through-phase-1a-trial-704278808

BenevolentAI

comtex tracking

COMTEX_449969280/2655/2024-03-28T08:12:30

About Author

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.

Continue Reading

Press Release

From Faster Medical Service To Global Crisis Relief The Potential Of eVTOLs To Usher In A New Future

Published

on

–News Direct–

By Faith Ashmore, Benzinga

As Countries Battle To Curb Global Emissions, Air Travel Is Under Scrutiny

The impact of aviation emissions on climate change is significant, as airplanes burn fossil fuels that release CO2 emissions and other warming non-CO2 effects such as nitrogen oxides (NOx). Unfortunately, emissions from aviation have been growing at an alarming rate.

Between 1990 and 2019, aviation emissions more than doubled, surpassing the growth rate of any other mode of transportation. If left unchecked, aviation emissions could double again by 2050 compared to 2019 levels and consume more than 10% of the remaining carbon budget needed to limit global warming to below 1.5C.

In the realm of electric vehicles (EVs), electric Vertical Take-Off and Landing (eVTOL) aircraft have received attention from the press, the public and investors as a potential solution to help curb global emissions. Companies like New Horizon Aircraft (NASDAQ: HOVR) (Horizon Aircraft) are currently developing prototypes that may revolutionize the way we approach air travel.

Horizon Aircraft is working on its prototype eVTOL, the Cavorite X7, a unique aircraft designed for longer-range regional passenger, cargo, and special missions. Horizon Aircraft currently has a 50%-scale prototype that has successfully demonstrated hover flight and the company believes it will complete a successful transition flight before the end of Q1 of 2024.

Brewing Crises Demand Better Solutions

Helicopters have historically been the quickest mode of transportation for hospital transfers in emergencies but eVTOLs are looking like they may be a better alternative. Horizon Aircraft boasts that its product will be able to take off and land like a helicopter and fly almost twice as fast with lower operating costs. Their prototype aircraft is expected to fly at speeds up to 450 km and carry 700 kg of useful load over 800 km. These new aircraft could transport an injured person to the hospital in half the time or deliver critical, lifesaving medication between hospitals quickly and more efficiently than a helicopter.

In the last few years, there has also been an uptick in climate-related disasters. In the wake of a hurricane or severe storm that knocks out power, aircraft like the Cavorite X7 could land in any suitable small space and provide aid directly to people in need. Notably, with a hybrid electric power system, this aircraft can recharge itself without the need for a functional electrical grid.

Global Congestion Grows As People Migrate To Major Cities

With population growth and urbanization on the rise, traffic congestion is becoming a pressing concern for citizens and city planners alike. A recent study conducted in the U.S., France, Germany and the U.K. revealed that road congestion results in up to $200 billion in lost productivity annually. eVTOL aircraft could offer a unique solution to increase efficiency in the air network that transports people and cargo. This increased efficiency may offer significant reductions in air transportation pollution.

This transition to better technology is being recognized by the larger investment community; Horizon Aircraft recently published a global study that showed an overwhelming majority (96%) of professional investors understand the increasing global demand for improved transportation systems, coupled with the imperative to reduce the environmental footprint resulting from increased road congestion. The studys findings included that investors also believe the advancements in technology that demonstrate the safety and feasibility of eVTOL aircraft will catalyze movement in the regulatory landscape and attract substantial investments to the sector within the next five years.

Horizon Aircraft Could Be On Track To Be A Leader In The Air Travel Revolution

Horizon Aircrafts technology and leadership have distinguished itself from competitors such as Joby Aviation (NYSE: JOBY) and Lilium NV (NASDAQ: LILM). The company, led by a seasoned former fighter pilot, harnesses the wealth of knowledge accumulated by its professionals with extensive backgrounds in military and commercial aviation. Comprising a dedicated group of engineers, pilots and business specialists, the team at Horizon Aircraft is determined to drive innovation in regional transportation. The future of aviation demands modern-day solutions and cutting-edge technology. Horizon Aircraft seems well-positioned to be a leader in the space.

Featured photo by Skyler Smith on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

[email protected]

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/from-faster-medical-service-to-global-crisis-relief-the-potential-of-evtols-to-usher-in-a-new-future-731318591

Benzinga

comtex tracking

COMTEX_449969046/2655/2024-03-28T08:04:28

About Author

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.

Continue Reading

LATEST POST