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CryptoNote protocol-based e-cash system —MKEcoin (Monke Coin)

Published

6 years ago

on

The successful application of Bitcoin as the first point-to-point transmission electronic cash model. Compared with legal currency, Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of Bitcoin, circulate around the world, buy and sell on any computer connected to the Internet.

The original Bitcoin was just a few thousand lines of code, and the value was not reflected, but because of its decentralization and encryption, it was essentially an anti-inflation currency, because of its decentralized “mining” incentive mechanism. Coupled with the inherent scarcity of Bitcoin and the 21 million Bitcoin output cap, many people and even institutions regard Bitcoin as hard currency. This means that internal monetary policy is driving the purchasing power of Bitcoin. On the other hand, Bitcoin’s biggest innovation is the application of blockchain technology, each block representing transactions in a Bitcoin network. The more blocks, the longer the trading time, thus forming a “chain “, although this” chain “has no actual commercial value, but because of the decentralization of value demand continues to increase, prices also rise with the water.

As technology advances, it’s not a problem to replicate any more Bitcoin networks, but so far no blockchain network has been able to match Bitcoin. A lot of facts have proved that blockchain networks in the digital economy, if separated from commercial applications, mean that bubbles are made purely. The strong have been established since ancient times, and only “killer apps” can shake Bitcoin’s position, although there are inevitable defects, but it will not affect its value at all, unless emerging technologies break the balance and make this decentralized environment no longer exist, But this is not impossible, plus Bitcoin in the transaction confirmation time is slow, poor value support and other hard injuries. There is no credit endorsement from any government or institution behind Bitcoin, which is prone to deflation with obvious market ups and downs. In terms of vision, it is already a bit contrary to the initial anti-inflationary heart, and it is difficult to realize commercial applications. The contribution to the development of digital economy is insignificant. Therefore, we think that in the development mechanism of digital economy, it is more effective to introduce a new application than to permanently repair the original application without a block chain network with commercial applications. MKEcoin (Monke Coin) is also born on this demand.

MKEcoin is a subchain technique based on Monero CryptoNote protocols. MKEcoin effectively inherits the privacy, decentralization and extensibility of the main chain Monero, and its powerful expansibility alleviates the storage pressure of the main chain. With its custom DPOS consensus mechanism, it meets the needs of more DAPP and other commercial applications in the future.

MKEcoin based on CryptoNote protocols, significant algorithm differences blur blockchain transactions, focusing on private and censored boycott transactions, transactions are confidential and untraceable to ensure user information security for each transaction. CryptoNote is an application layer protocol that supports a variety of decentralized, privacy-oriented digital currencies. Its goal is to become the evolution of ideas behind Bitcoin.

Different from Bitcoin, CryptoNote transactions can not display the way money is sent or received through block links. The approximate number of transactions can be known, but the sender, receiver and actual number can not be known. the only information available is that the actual quantity is lower than the quantity shown. the only person accessing the entire dataset about a transaction is the sender or receiver of the transaction and the person with one or two secret keys; another significant difference is the CryptoNote hash-based workload proof algorithm. Bitcoin is used SHA256, It is CPU binding function. this means that participants (miners) are only limited by their computational speed, and it is relatively cheap to create dedicated integrated circuit (ASIC) devices, which will have a hash per unit of currency over the normal computer. CryptoNote use memory binding functions CryptoNight, can not easily pipeline production.

MKEcoin sub-chain technology realizes the scalability of block chain system and provides a feasible solution to block chain fragmentation. MKEcoin subchain derived from the main chain platform with independent functions of the block chain. These subchains can not exist alone and must be run through the infrastructure provided by the main chain, so the subchain inherits all the attributes of the main chain.

A significant feature of MKEcoin subchains is the ability to define their own consensus approach and execution modules. Far from being limited to the different consensus modes of the main chain, the consensus mode of the sub-chain can be POW ,PBFT ,POS ,DPOS, even the consensus mode that different industries can define themselves. Of course, the user must define the consensus engine separately to implement the task under the custom consensus mechanism. There are several advantages to this :1. The function of the subchain is greatly enriched in a flexible way. The function of the sub-chain is not only limited to the scope of intelligent contract processing, but also increases the practicability. 2. can make full use of MKEcoin main chain to quickly deploy subchains with new functions without the need to maintain the nodes needed for a separate block chain and the cost of attracting new users to participate. 3. the difficulty of deploying subchains is greatly reduced, we only need to write subchain consensus and execution module.

MKEcoin unique custom consensus mechanism and execution module, according to the needs of the application scene, quickly form a consensus module to achieve its commercial value, and MKEcoin the block speed is independent, not limited by the public chain, Can customize block speed according to application requirements to meet transaction fluency and balance.

MKEcoin sub-chain technology can not only be used as a DAPP support platform to build complex application scenarios, but also can be deployed as a common service platform to provide specific services for other sub-chains or DAPP. MKEcoin realizes the cross-chain transaction with other block chains, and more broadly, realizes the communication between block chains and other networks, forming the interconnection of all things.

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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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Press Release

Chippendale Carshare Expands to 90 Vehicles Across Sydney and Melbourne

Published

28 minutes ago

on

May 23, 2026

By

Chippendale, NSW, Australia, 23rd May 2026 — Chippendale Carshare has announced a major expansion of its vehicle rental operations, growing to 90 vehicles across Chippendale, Sydney Airport and Melbourne Airport, supported by increasing demand through Turo and its own online booking platform.

Chippendale Carshare has confirmed a significant growth milestone, expanding its fleet to 90 vehicles and strengthening its presence across three key pickup locations: Chippendale, Sydney Airport and Melbourne Airport.

The expansion reflects growing demand for flexible, affordable and convenient car rental options in Sydney and Melbourne, particularly among airport travellers, business users, local residents, families, students, and customers seeking short-term or longer-term vehicle hire.

Customers can now browse available vehicles and make a booking online through the company’s booking platform at https://chippocarshare.com.au/booking.

Turo Helped Support Chippendale Carshare’s Growth

Chippendale Carshare says Turo has played an important role in supporting the company’s expansion from a smaller Sydney-based fleet into a 90-vehicle operation across two major Australian cities.

By allowing hosts to list vehicles online and connect with guests looking for flexible car rental alternatives, Turo helped Chippendale Carshare reach a wider customer base, improve vehicle utilisation, and scale its operations beyond a traditional single-location rental model.

The company’s growth has been supported by demand from Turo guests seeking accessible vehicles for airport travel, weekend trips, business use, family transport, moving needs, and longer rental periods.

Alexander Munao, founder of Chippendale Carshare, said Turo was an important part of the company’s growth story.

“Turo helped us prove that customers wanted a more flexible way to access rental vehicles,” Munao said.

“It gave us the ability to reach more travellers and local customers, test demand across different vehicle types, and build the systems needed to manage a larger fleet.”

“That demand has helped Chippendale Carshare grow to 90 vehicles and expand into Sydney Airport and Melbourne Airport, while still continuing to serve our original Chippendale location.”

90 Vehicles Across Sydney and Melbourne

The 90-vehicle milestone represents a major step in Chippendale Carshare’s continued development from a local Sydney car rental operator into a multi-location vehicle rental network servicing both New South Wales and Victoria.

The company’s expanded fleet includes a wide range of vehicles suited to different customer needs, including economy cars, compact hatchbacks, SUVs, 7-seat vehicles, vans, people movers and practical everyday rental vehicles.

By operating across Chippendale, Sydney Airport and Melbourne Airport, Chippendale Carshare is now positioned to support customers looking for:

  • Sydney car rental near the CBD
  • Sydney Airport car rental
  • Melbourne Airport car rental
  • Chippendale car rental
  • Affordable airport car hire
  • Long-term car rental
  • Van hire and people mover rental
  • Flexible short-term vehicle hire

Airport Expansion Driven by Customer Demand

The addition of Sydney Airport and Melbourne Airport locations has been introduced to support increasing demand from travellers who want a simpler, more flexible way to access rental vehicles close to major transport hubs.

Chippendale Carshare’s original Chippendale location continues to service inner-city Sydney customers, including those near Central Station, Broadway, Redfern, Ultimo, Surry Hills and surrounding suburbs.

The Sydney Airport location provides access for customers arriving into or departing from Sydney, while the Melbourne Airport location marks an important step in the company’s Victorian expansion.

“Customers are increasingly looking for flexibility,” Munao said.

“Some people need a small economy car for a few days, others need a van, SUV, people mover or long-term vehicle. Growing to 90 vehicles gives us more ability to match customers with the right car for the right trip.”

A More Flexible Approach to Car Rental

Chippendale Carshare has built its service around online booking, practical vehicle options and convenient pickup locations. The company says its model is designed for customers who want a straightforward alternative to traditional car rental, with the ability to compare vehicles and book online before arrival.

Turo helped accelerate this model by giving Chippendale Carshare access to a large marketplace of guests seeking flexible vehicle access. This helped the company understand customer demand, expand its fleet mix, and improve operational processes across cleaning, maintenance, pricing, vehicle availability and customer support.

The expanded network is expected to support a broad range of use cases, including weekend trips, interstate travel, airport arrivals, business transport, temporary replacement vehicles, moving vans, family holidays and longer-term rental requirements.

Chippendale, Sydney Airport and Melbourne Airport

The company’s three-location footprint allows Chippendale Carshare to service both city-based and airport-based rental demand.

The Chippendale location remains central to the company’s Sydney operations, offering convenient access for customers near the Sydney CBD and inner-city suburbs.

The Sydney Airport location supports travellers looking for car rental near Sydney Airport, while the Melbourne Airport location provides access for customers looking for car rental near Melbourne Airport and Tullamarine.

Chippendale Carshare says it will continue investing in fleet availability, operational systems and customer experience as demand grows across both cities.

Book a Vehicle Online

Customers looking for car rental in Sydney, Sydney Airport, Melbourne Airport or Chippendale can view available vehicles and make a booking through the official Chippendale Carshare booking page:

Book a car with Chippendale Carshare

More information about the company and its vehicle rental services is available at:

Chippendale Carshare

About Chippendale Carshare

Chippendale Carshare is an Australian car rental operator based in Sydney, New South Wales. The company provides flexible vehicle rental services across Chippendale, Sydney Airport and Melbourne Airport, offering a growing fleet of economy cars, SUVs, vans, people movers and practical rental vehicles for short-term and longer-term use.

With 90 vehicles now operating across Sydney and Melbourne, Chippendale Carshare continues to expand its presence as an online-first car rental provider focused on convenience, flexibility and accessible vehicle hire.

Media Contact

Organization: Chippendale Carshare Pty Ltd

Contact Person: Alexander Munao

Website: https://chippocarshare.com.au

Email: Send Email

Contact Number: +611300011135

Address:81-83 Campbell Street

City: Chippendale

State: NSW

Country:Australia

Release id:45374

The post Chippendale Carshare Expands to 90 Vehicles Across Sydney and Melbourne 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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Press Release

OSL Lists State-Supervised Gold-Backed Stablecoin USDKG as Platform Expands Asia’s Digital Asset Ecosystem

Published

16 hours ago

on

May 22, 2026

By

HONG KONG – USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic, today announced its official listing on OSL HK, the Hong Kong-licensed digital asset exchange of global stablecoin payment and trading platform OSL Group. The milestone marks a significant step for the state-supervised, asset-backed digital currency as it enters one of the world’s most established licensed virtual asset markets.

Link: https://www.osl.com/hk-en/announcement/new-listing-on-osl-hk-gold-dollar-usdkg

Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading pair USDKG/USDT is now available to professional investors across OSL HK’s over-the-counter (OTC) platform.

The listing of USDKG aligns with OSL’s commitment to contribute to the development of a secure and compliant digital asset ecosystem in Asia and beyond. It also expands USDKG’s reach into new markets through a regulated platform aligned with institutional standards, supporting its use in cross-border settlement and broader financial applications.

Jason Liu, Global Exchange COO of OSL, said: “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG not only enriches OSL’s product offerings for the market, but also strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL’s credibility and leadership within the industry.”

Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally. Hong Kong is widely regarded as the gold standard for digital asset regulation, and working with OSL reflects our focus on transparency, gold-backed reserves, and institutional-grade infrastructure.”

About USDKG

USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, with an initial issuance of $50 million backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence.

The token is already accessible through decentralized exchanges, including Curve and Uniswap, and supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. The stablecoin is fully compliant with FATF KYC/AML standards and is designed to facilitate financial inclusion and efficient cross-border value transfer.

With this listing, Kyrgyzstan continues to position itself as a regional first-mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining full sovereign oversight and public accountability.

About OSL Group

OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com.

Social Links

GitHub: https://github.com/USDkg/USDkg

X: https://x.com/USDKG_Official

LinedIn: https://www.linkedin.com/company/usdkg/

Media Contact

Brand: USDKG

Contact: William Campbell

Email: business@usdkg.com

Website: https://www.usdkg.com

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Press Release

General Compute Launches the First ASIC-Native Neocloud

Published

17 hours ago

on

May 22, 2026

By

General Compute has opened its production inference cluster to developers building agent applications, running SambaNova SN40 and SN50 dataflow silicon that posts the fastest independently benchmarked speeds on the MiniMax M2.7 model family.

San Francisco, California, United States, 22nd May 2026 – General Compute today announced the general availability of General Compute Cloud, the first ASIC-native neocloud purpose-built for the next generation of autonomous AI development tools. Where existing neoclouds rack incumbent GPUs, General Compute has designed its serving stack around its inference-optimized ASICs.

Unlike traditional cloud platforms designed around human operators clicking through dashboards, General Compute Cloud is also the first major cloud to treat AI agents as first-class users. Coding agents can complete the entire onboarding flow themselves, creating an account, claiming the launch credit, and retrieving a working API key, without requiring a developer to step in. The result: a developer can ask their AI agent to “switch its inference to General Compute,” and minutes later be looking at running infrastructure they never had to provision by hand.

Agentic workloads issue dozens or hundreds of model calls per task, which means even small per-token gains compound into dramatic differences in developer experience and unit economics. By optimizing the silicon, runtime, and API surface for inference rather than retrofitting general-purpose accelerators, General Compute aims to push down both first-token latency and sustained token throughput on the open and frontier models developers use most.

Agent-native signup is supported out of the box. When invoked through OpenCode, OpenClaw, or any compatible client, the agent can complete account creation, verify the workspace, claim launch credit, and return a scoped API key back to the developer’s environment — turning what was historically a multi-step onboarding into a single natural-language instruction.

“Our goal is simple: we want General Compute to be the fastest inference provider on the market, and we want to ship the fastest inference API any developer or AI agent can call,” said Jason Goodison, CTO and co-founder of General Compute. “Optimizing the silicon is how we get there. The $200 in launch credit is our way of inviting builders, and their agents, to put us up against anyone else and see the numbers for themselves.”

General Compute Cloud is available immediately to customers globally at generalcompute.com. The launch credit is automatically applied to new accounts created between May 20 and May 27, 2026. OpenCode and OpenClaw users can begin a General Compute session directly from within their agent by asking it to “sign me up for GeneralCompute.com”

About General Compute

General Compute is the first ASIC-native neocloud, building custom inference silicon and the cloud platform that runs on it. The company’s stated goal is to operate the fastest inference provider and the fastest inference API for AI agents and the developers who deploy them. Founded in 2025 and headquartered in San Francisco, General Compute is backed by leading technology investors. Learn more at generalcompute.com.
 

Media Contact

Organization: General Compute Inc

Contact Person: Jason Goodison

Website: https://generalcompute.com

Email:
jason@generalcompute.com

Contact Number: +14257537666

Address:440 North Barranca Avenue

City: Covina

State: California

Country:United States

Release id:45346

The post General Compute Launches the First ASIC-Native Neocloud 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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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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