Press Release
LikeLib2.0 Technical Features, Redefining Public Chain
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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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.
At the Kazakhstan–China Business Forum in Shanghai, Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov highlighted joint projects that are shaping the future of transit and logistics across Eurasia.
“The competitiveness of transport routes no longer depends solely on infrastructure. Data, digital platforms, and artificial intelligence are becoming increasingly important,” he said.
The next stage of cooperation should focus on developing an intelligent transport corridor that integrates modern logistics routes with artificial intelligence, big data, digital twins, and intelligent freight management systems. Today, the joint transport and logistics network connects the Port of Lianyungang, Khorgos Gateway, the Xi’an Terminal, the Aktau Hub, and the ZHETYSU Logistics Complex in Almaty. In 2027, the network will be expanded with the addition of a dry port in Chengdu, further strengthening the route from China’s Pacific coast through Kazakhstan and the Caspian Sea to Europe.
The development of the transport corridor is being supported by large-scale infrastructure projects. The construction of the Bakhty–Ayagoz railway line will establish the third rail border crossing between Kazakhstan and China, with an annual capacity of up to 25 million tonnes.
“Together, we will strengthen the Middle Corridor as one of the key transport routes of the 21st century,” Nurlan Zhakupov said.
Samruk-Kazyna serves as Co-Chair of the Kazakhstan–China Business Council, with China’s CITIC Group serving as the Chinese Co-Chair. Following the Council’s two most recent meetings, more than 110 commercial agreements worth approximately USD 20 billion have been signed across the energy, transport, digitalisation, and industrial sectors.
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Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC, met with Phillip Gan, President of Huawei for the Middle East and Central Asia.
The parties discussed the implementation of joint projects and the prospects for further cooperation in digitalization, telecommunications, and artificial intelligence. They also reviewed cooperation on the development and modernization of telecommunications and IT infrastructure, including data transmission and communications networks, data centers, server and networking equipment, data storage systems, and other digital infrastructure.
Nurlan Zhakupov noted that Huawei is one of the world’s leading technology companies and emphasized that the implementation of joint initiatives will mark an important step in Kazakhstan’s digital transformation, support the development of high-tech infrastructure, and strengthen the country’s position in the global technology landscape.
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Press Release
West Red Lake Gold Production increases 51% in Q2 2026, as Annual Net Interest on US Debt Reaches $1 Trillion
West Red Lake Gold delivered strong second-quarter operating results, increasing mined tonnes by 46%, mined ounces by 73%, and gold production by 51% quarter-over-quarter while building a surface stockpile and remaining on track to meet its 2026 production guidance of 35,000–45,000 ounces.
Canada, 20th Jul 2026 – Global Stocks News – Sponsored content disseminated on behalf of West Red Lake Gold. On July 15, 2026, West Red Lake Gold Mines (TSXV: WRLG) (OTCQX: WRLGF) provided an operational update for the second quarter ended June 30, 2026.
Q2 Operating Highlights
- Mined tonnage increased 46% to 75,524 tonnes in Q2 from 51,616 tonnes in Q1, while mined ounces increased 73% to 10,459 ounces from 6,033 ounces in the first quarter, reflecting both higher mining rates and an increase in average mined grade.
- Gold production totalled 8,576 ounces during Q2 2026, representing a 51% increase from the 5,667 ounces produced in Q1 2026.
- Due to increased mine productivity, a surface stockpile of approximately 10,768 tonnes had been generated by the end of Q2, representing approximately 1,500 contained ounces of gold based on estimated grades.
- The mill achieved average processing rates of approximately 842 tonnes per day (tpd). Over the second half of 2026, processing rates are expected to increase to approximately 1,000 tpd.
“Q2 demonstrated that the development-focused strategy implemented during the first half of 2026 is translating into measurable operating improvements as mine sequencing advanced to unlock multiple stoping fronts and operational flexibility continued to improve,” stated Shane Williams, CEO of West Red Lake Gold
“During the quarter, the mill sustained processing rates of approximately 842 tpd while underground mining rates averaged 878 tpd earlier in the quarter, however from mid quarter onward we mined over 1,000 tpd, allowing us to build a surface stockpile equivalent to approximately half a month of mill feed inventory.”
“Our ability to generate a stockpile of this size speaks to the operational efficiency of the team and our ability to mine at rates that exceed the currently permitted mill throughput of 800 tpd. Mining rates in excess of current mill capacity are an important indicator that the Mine is developing greater flexibility and overall consistency for sustained operations.”
“As processing rates during the first half of the year reflected the early stages of the ramp up, we expect throughput to continue increasing over the balance of the year toward a sustained processing rate of up to 1,000 tpd,” continued Williams. “The operational improvements demonstrated during Q2 reinforces our view that Madsen remains on track to achieve full-year production guidance of 35,000 to 45,000 ounces of gold.”
West Red Lake Gold is executing a hub-and-spoke growth strategy. The Madsen mill and infrastructure is intended to serve as a central processing hub for multiple past producing high-grade deposits across the Red Lake District. WRLG believe this multi-asset approach will provide greater operational flexibility, expand margins, extend mine life, and support a larger production profile over time.
One of the key spokes is the Rowan Project. On June 9, 2026 WRLG announced an updated 2026 Mineral Resource Estimate (MRE) for the Rowan Project as well as a maiden MRE for the nearby Mount Jamie deposit , located 2 kilometres from Rowan.
“Despite relatively limited drilling since the June 2025 estimate, we have significantly grown the resource, most importantly in the Indicated category, thereby de-risking the project while also enhancing its quality,” stated Williams. “Overall, Rowan is developing into a highly robust satellite deposit.”
Rowan Indicated gold ounces increased by 70% to 334,825 ounces @13.03 grams per tonne (g/t) gold, compared to 196,747 ounces @12.78 g/t gold in the 2025 MRE (See news release dated July 8, 2025).
Rowan Inferred gold ounces increased by 52% to 179,013 oz grading 15.31 g/t Au, compared to 421,181 tonnes containing 118,155 oz grading 8.73 g/t Au in the 2025 MRE.
Minimal exploration expenditure of C$3.5 million, combined with low drilling meters of 6,300 metres, represented a modest discovery cost of approximately C$17.60/oz gold.
In this July 14, 2026 Kitco News interview, Brien Lundin, the executive editor of Gold Newsletter and host of the New Orleans Investment Conference, explains why he believes gold’s 4-month swoon from $5,500 per ounce to $4,000 was a “classic washout” not a breakdown.
“We’re in a market now that’s being driven by western traders and investors,” Lundin told Kitco. “Central bank buying is less of a driver and more of a support to the price. It’s a typical bull market, where we have furious rallies, then stomach-churning drops that test your mettle. It’s nothing unusual.”
“Trump wants to lower interest rates,” added Lundin. “The simple math of the US debt and deficit demands lower rates, so it’s going to happen.”
When interest rates drop, the price of gold typically rises because it reduces the opportunity cost of holding gold compared to interest-bearing assets like bonds. Historically, falling interest rates often lead to a weaker U.S. dollar, making gold cheaper for international buyers, further driving up demand.
The total U.S. national debt is currently $39.51 trillion, translating to a debt burden of $117,000 for every U.S. citizen. Interest on the US national debt is now about $1 trillion annually, exceeding Medicare spending for the first time.
“The cost of servicing that debt needs to be lower than the rate at which the currency is depreciating,” Lundin stated in a 2024 interview. “Otherwise, the entire house of cards collapses.” Lundin has speculated that gold may rise to $6,000-$8,000 within the current cycle.
During ramp-up phase in 2025, West Red Lake Gold Mines generated C$103 million in total gold revenues. Investing in a junior gold miner with rising production and free cash flow, is one way to hedge against the effects of exploding U.S. debt, and spirally interest payment obligations.
Source: Congressional Budget Office
TheMadsen Mine has recently achieved commercial production and is positioned as the central hub of a growing multi asset platform. WRLG controls a 47 km² land package in one of the world’s most prolific mining districts, which has historically produced over 20 million ounces of gold from high grade systems. [1]
The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, and by Hayley Halsall-Whitney, P.Eng., Vice President of Operations for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Robinson and Ms. Halsall-Whitney are not independent of WRLG.
1. Twomey, T. and McGibbon, S. Red Lake Mine, Goldcorp Inc. (2022). “The Geological Setting and Estimation of Gold Grade of the High-Grade Zone, Red Lake Mine.” Exploration Mining Geology, Vol. 10, Nos. 1–2, pp. 19–34. Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”).
Contact: guy.bennett@globalstocksnews.com
Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content.
Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk.
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