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EGM cross-chain protocol (loopring) realizes a decentralized zero-risk, high-liquidity asset trading model

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Entering 2021, with the continuous development of blockchain technology, various public chains, private chains, alliance chains, etc. emerge in an endless stream. Due to the increasing number of chains, the interconnection and exchange between chains is gradually being valued, so people began to develop cross-chain technology.

Therefore, in general, cross-chain technology is a bridge between chains.
There are currently four main cross-chain technologies, one is Notary schemes; the other is Sidechains/relays; the third is Hash-locking; the fourth is distributed private key control (Distributed private key control). In order to integrate the mainstream situation, we will start with the three specific blockchain projects of the 0x protocol, the EGM protocol, and the EGM protocol to discuss the similarities and differences between the cross-chain protocols!

1. Ox protocol
0x protocol, the full name is 0xProject. 0x is an open source protocol for peer-to-peer transactions to facilitate the transaction of ERC20 tokens in the Ethereum blockchain. From the perspective of most early blockchain explorers, the future world will be tokenized. The protocol is designed to serve as an open standard and common building block to promote the exchange of decentralized applications (DApps) that include exchange functions. Interoperability. The transaction is executed by the Ethereum smart contract system, which can be publicly accessed, used for free, and can be accessed by any DApp. DApps built on the protocol can access public liquidity pools or create their own liquidity pools, and charge transaction fees for their transaction volume. The agreement will not impose costs on users, nor will it arbitrarily obtain value from a group of users to benefit other users. Decentralized management is used to integrate updates into the basic protocol in a continuous and secure manner without interrupting higher-level processes.

Therefore, the 0x protocol is intended as an open standard and general building block to promote the operability between DApps. At this stage, it is mainly used in decentralized exchanges.

The 0x protocol contains four components, Makers (the person who creates the order), Takers (the person who accepts the order), Relayers (the third-party institution that hosts the ledger and matches transactions), and smart contracts. When using the 0x protocol service, you need to pay a certain fee to Relayers, and this fee uses ZRX as the designated currency. Many people know the 0x protocol, but don’t know that ZRX is the native token of the 0x protocol.

2. EGM agreement
It is also a cross-chain protocol. The EGM protocol (loopring) aims to create a zero-risk, high-liquidity asset trading model through decentralized technology. EGM also adopts off-chain matching and on-chain liquidation methods to reduce the risk of DDOS attacks during transactions.

The loop matching technology is a major feature of the EGM protocol. A dozen orders containing different types of tokens can be matched and traded in one match. Loopring provides higher liquidity and price improvement by matching orders in the form of order loops. Each ring can consist of 2 to 16 orders, and during ring settlement, tokens are transferred atomically in a circular manner.

Order sharing is another major feature of the EGM agreement. In the agreement, an order can be broadcast to multiple exchanges and then matched by multiple exchanges in parallel, so that an order can be divided into several parts and matched with other exchanges. In this way, the order will be transacted in the optimal way at the transaction speed and transaction price, which also promotes competition between exchanges to a certain extent. Like Relayers of the 0x protocol, a certain transaction fee will be charged when providing transaction services for everyone.

3. EGM agreement
The EGM protocol (EGM Protocol), 0x protocol and EGM protocol are all aimed at providing decentralized transaction services. In the EGM agreement, it created a shared liquidity pool (flp) mechanism, which it hopes to encourage decentralized exchanges to join. In this liquidity pool, you can become one of them through the equity proof mechanism. Similarly, if you provide liquidity for the liquidity pool, the system will return EGM as a reward. It should be noted that EGM also conceives of making EGM a stable currency. If EGM becomes a stable currency, then the behavior of returning EGM as a reward will be supported by more people. After all, stable currency is a hard currency in digital assets.

After introducing the 0x protocol, the EGM protocol, and the EGM protocol, the most impressive word in everyone’s mind is “decentralized exchange (so)”. This is also normal. Although these three protocols are different, they are mainly used to provide decentralized transaction services at this stage.
There are certain differences between the three.

The 0x protocol is relatively simple in the transaction process, so the efficiency is relatively high, and of course, its transaction fee is also high.
The transaction process of the EGM protocol is relatively complicated, but the loop matching method makes it more applicable, which also means that the protocol is more low-level. With continuous development and the introduction of more efficient cross-chain transactions, the advantages of the EGM protocol will be Further expansion.
The main feature of the EGM protocol is that its EGM is mainly used for rewards, not for the payment of fees like the previous two. More prominently, if EGM is successfully transformed into a stable currency, then EGM’s reward mechanism will undoubtedly shine and attract more users and service providers!
It is worth noting that the three cross-chain protocols we are talking about today are not the same kind of things as today’s decentralized exchanges. For example, the above three agreements are the underlying technical specifications, like a foundation; then the decentralized exchange is an upper-level application based on such technical specifications, like a house on the foundation.

EGM accert co.,ltd is from England. A company established by a group of blockchain enthusiasts. As early as a few years ago, the company has begun to in-depth study the various future possibilities of de-sinochemical transactions, and is determined to accelerate the future of blockchain!
Jone Berge, the team of EGM accert, quantifies transactions on the blockchain. Creatively uses advanced mathematical models to replace human subjective judgments, and uses computer technology to select multiple “high probability” events that can bring excess returns from huge historical data to formulate strategies, which greatly reduces investor sentiment fluctuations Influencing, avoid making irrational investment decisions when the market is extremely fanatical or pessimistic.

High frequency trading
Repeated and frequent transactions. Quantification The application determines the volume of each transaction. High-frequency trading is generally used in two-way trading markets. For example, during the 2015 stock market disaster, Russians used high-frequency quantification procedures to trade stock index futures, frequently doing long and short positions to obtain explosive profits.

High frequency, frequent trading. Quantify the amount of each transaction the application makes. High frequency trading is generally used in two-way trading market. For example, during the 2015 stock disaster, the Russians used high-frequency quantitative procedures to trade in stock index futures, frequently doing long and short to obtain explosive profits.

EGM and DEX

What is DEX? The full name of DEX is Decentralized exchange (decentralized exchange) is a blockchain-based exchange. It does not store user funds and personal data on the server, but only serves as an infrastructure to match buyers who wish to buy and sell digital assets. And the seller. With the help of the matching engine, such transactions occur directly between participants (point-to-point).

The centralized trading platform, because the transaction data is not on the chain, as long as there is a matching counterparty, the transaction speed is extremely fast. At the same time, the centralized trading platform has simple operation steps, low threshold for use, and can provide a wealth of trading pairs, so more users will choose centralized trading platforms, and more users will have better trading depth, which further promotes centralized trading The transaction speed of platform orders.

Because DEX transaction data needs to be chained, transaction confirmation needs to wait for miners to pack and broadcast, so the transaction speed is slow. The operation steps of DEX are relatively complicated, and the threshold for use is higher. When it comes to transactions of different blockchain assets, such as Bitcoin and Ethereum transactions, more complex cross-chain technologies are required. Many DEX trading platforms cannot be implemented, so there are fewer transactions supported than centralized trading platforms.

The EGM protocol came into being to solve this pain point. The EGM protocol is almost perfect to solve various cross-chain, and various two-way reverse confirmation, crossover and other problems.

EGM comes for the future.

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Press Release

Spicing Up His Rap Game, Adept Rapper Vandes Jackson Releases New Video For ‘Do What I Can’

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Vandes Jackson

Rapper Vandes Jackson is bringing his game of rapping to the newly released music video of ‘Do What I Can’ consisting of lyrical plays and dynamic composition.

Los Angeles, California Mar 28, 2024 (Issuewire.com) – Versatility is one of the greatest virtues of a singer that makes him different from all the other peers in the industry. It is the ability to give something different and unique with every release that makes the game more interesting. Rapper Vandes Jackson is one of a kind and oozes versatility. His new music release, the official video of Do What I Canstands the ground for his insane versatility. His unique ability to offer something completely different to the audience with every release is something that makes him and his musical craft unparalleled in the music industry. In the video, he has shown his skills of being a rapper, paired with some entertaining wordplay and lyrics that make the composition even better. It is not just his writing skills or his talent for storytelling through music, but his vocals are equally enchanting in the music video, making the audience love it even more.

Vandes Jackson has an amazing screen presence that it is hard to shift focus somewhere else when the rapper is on screen, rapping in his full glory. Critics have already commented how this release is one of the best of the rapper yet, claiming that this shows the most captivating and most talented side of the musician. The music video also does a great job of showcasing the rapper in his grandeur, focusing on not just his talent for rapping but also his insanely good looks and style statement. Dressed in some of the most attractive streetwear, the rapper was stealing the show throughout the video, even though it still featured an extremely gorgeous lady as his love interest. The visuals included the singer getting cozy with the female lead while some shots of the rapper performing in the studio. The video is kept simple which helped the audience shift their focus to the music and the lyrical content.

‘Do What I Can’ is available on YouTube and has already gathered more than three thousand views, showing the audiences’ support for the artist and his craft. Jackson is not just a captivating rapper but also a successful producer who exemplifies remarkable versatility as both. His ability to showcase a multifaceted talent that spans across various genres and creative realms has found its solid proof through this music video. You can check out the video on YouTube along with some of his previous releases like ‘Sam Siesta’, ‘Rage Baby’, ‘Genius (feat. SouthEast!)’, ‘Playground’, etc. Find his music on Apple Music, and Spotify, and follow him on Instagram, and X for more updates.

Just go for this music video ‘Do What I Can’ by Vandes Jackson:

https://www.youtube.com/watch?v=huzGspO2T-s

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Music Promotion Club

[email protected]

https://musicpromotion.club

Source :Vandes Jackson

This article was originally published by IssueWire. Read the original article here.


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Press Release

CoinRaffle.io Unveils Innovative Platform for Secure and Fair Decentralized Raffles

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Willemstad, Curaçao, 29th March 2024, ZEX PR WIRE, The CoinRaffle.io project has proudly launched its utility-focused platform, which relies on decentralized technology. This innovative solution enables projects to host community raffles with ease, transparency, and fairness. 

CoinRaffle.io is making crypto more engaging and empowering projects with its easy-to-use dApp. Creating raffles, boosting token utility, and automating token burning has never been simpler.  

Unlocking New Dimensions of Token Utility

The core of CoinRaffle.io is its advanced smart contract technology, which ensures fairness in selecting random winners. With audited contracts and immutable blockchain records, CoinRaffle.io provides transparency and security for all participants. 

The platform’s solid integration with multiple blockchains facilitates accessibility to many users. The project allocates tokens as prizes to incentivize community engagement and boost token utility. 

Developed by VTS Blockchain Engineers for CoinRaffle Inc., the platform represents the future of decentralized community engagement. It unlocks new dimensions of token utility, combining growth and practical usage. 

With upcoming features such as Ethereum, Optimism, and Solana support, CoinRaffle.io continuously evolves to meet user needs. 

Transforming Community Engagement with Decentralized Raffles

Creating raffles has never been easier with CoinRaffle’s user-friendly interface. Specifically, here is what users will need to do to create their raffle:

  • Give a name and specify the token contract address, blockchain, and amount of tokens.
  • Participants send tokens to the RaffleFund address generated upon clicking “Generate Raffle.”
  • Specify the end date and optional links for the reference project.

After agreeing to the terms and to the privacy policy, users can click “Generate Raffle” to create it. In order to ensure fairness, distribution rules include percentages for the winner, team wallet, and burn.

As a service fee, 2.5% of the raffle funds will go to CoinRaffle. Users can view past raffles in “My Raffles” by connecting their wallet to the platform. The dApp is compatible with over 380 different wallets, making it accessible to all. 

About CoinRaffle.io

CoinRaffle.io is a new platform offering a unique approach to community engagement in the crypto space. With a focus on token utility and automated token burning, it aims to empower crypto projects and enthusiasts.

The platform provides a cutting-edge decentralized application (dApp) for creating and managing raffles, making community engagement more dynamic. This creates new dimensions of token utility for projects, with customizable raffles and increased value propositions.

Transparency and security are key values at CoinRaffle.io. The platform ensures trust through smart contract audits, while its non-custodial architecture keeps funds secure. In addition, a 24/7 Telegram Technical Support Chat is available for assistance.

Anyone wishing to discover more about CoinRaffle.io can visit the platform’s website. The social pages listed on the website (and below) also offer regular updates and announcements. 

X (Twitter) | Telegram

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Evolving Digital Innovation: Qubic’s Journey Toward True AI

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Tallinn, Estonia, 28th March 2024, ZEX PR WIRE, Qubic embarks on a transformative journey to empower global innovation with the potential of True AI. Embracing its vision, Qubic leverages an expansive computing network to redefine the landscape of artificial intelligence, moving beyond the traditional Proof-of-Work process to introduce a useful-Proof-of-Work (uPoW) concept. This innovation ensures that every computational effort directly contributes to AI development. At the heart of Qubic’s efforts is Aigarth, an advanced AI system that symbolizes the platform’s goal to grant universal access to the most sophisticated AI capabilities available. Aigarth analyzes data from AI miners to construct billions of neural networks, thereby mimicking the complexity of a human brain.

In alignment with its mission to establish the premier open-source AI infrastructure, Qubic functions as a unique decentralized network governed by Quorum consensus described by Nick Szabo. Qubic Network is run by 676 validators, called ‘computers’. These roles range from executing smart contracts and ensuring network security to managing feeless transactions. Through this robust infrastructure, Qubic not only facilitates smart contract executions with exceptional efficiency but also boasts the ability to process more than 40 million transfers per second (TPS) on the smart contract level. This remarkable capacity stands as a testament to Qubic’s dedication to creating a high-performance computational AI network that acts as the foundational support for True AI development, providing swift, secure, and scalable solutions for AI integration.

A standout feature of Qubic’s platform is its novel approach to Initial Public Offerings, known as Qubic IPOs, which draws inspiration from the auction-based IPO method first introduced by Google. Unlike traditional fundraising, Qubic IPOs allow users to invest directly in smart contracts, becoming stakeholders in the technology itself. This novel approach democratizes investment in blockchain technology, offering participants a direct share in the success of groundbreaking projects. The platform’s take on Initial Public Offerings results in each smart contract in the Qubic network getting an IPO for its 676 shares. Qubic users can fund a smart contract by purchasing one of these shares.

The $QUBIC coins used to fund a smart contract are locked up and burned, reducing the coin’s circulating supply and covering the contract’s execution costs. Users funding a smart contract become shareholders and earn passive income from contract fees. The contract is self-sustaining until the locked $QUBIC is depleted. At this stage, a portion of the shareholder fees funds further execution. It’s worth noting that the first three smart contracts executed on Qubic burned over 10.5 trillion $QUBIC of the capped circulating supply of 1,000 trillion coins.

Qubic’s founder, Sergey Ivancheglo, also known as CFB, recently commented on the software’s efficiency:

“The program gauging functional power of the new #Qubic mining algo used by #Aigarth for #AI training has just finished its computations. “Terrific” in all its meanings suits the best to explain the result. I’ve never seen such a powerful yet very simple construction of an #ANN!”

 About Qubic

Qubic is a community-driven project, entirely open source and under anti-military license. It was founded by Sergey Ivancheglo, also known as Come-from-Beyond, the creator and co-creator of the first full PoS & DAG protocol (NXT & IOTA). The platform launched its mainnet in Q2 of 2022 and has grown a loyal community of over 88,000 members and over 500,000 miners.

Qubic comes from the acronym “QBC,” which stands for “Quorum-Based Computor.” The platform stays true to this term by providing fair, consensually-reached smart contract execution, ensuring only useful and legitimate contracts are added to the network. One of the standout features that could lead to its mainstream adoption is the fact that all transactions on the Qubic protocol are feeless. Also, the votes from 451 Computors (The Quorum) are reliable for offline payment verification. Ultimately, quorum-based computations, cost-effective transfers, and record-breaking TPS speeds enable participants to enjoy a lucrative and user-friendly experience.

You can learn more about Qubic by following these links:

Official Website | Telegram | X (Twitter) | Discord | LinkedIn | YouTube

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