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LikeLib2.0 Technical Features, Redefining Public Chain

Published

6 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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Press Release

Dubai Health and Rush University System for Health Announce Strategic Collaboration to Advance Quality of Care

Published

39 minutes ago

on

July 10, 2026

By

Dubai, United Arab Emirates, 10th July 2026: Dubai Health has announced a strategic collaboration with Rush University System for Health, one of the leading United States-based academic healthcare systems, ranked among the nation’s top institutions for quality, patient experience, and safety. The agreement is intended to leverage the respective expertise, capabilities, and resources of both academic health systems to support improved patient outcomes and foster continuous learning, in alignment with international best practices.

Dubai Health

The agreement was signed by Dr. Amer Sharif, Chief Executive Officer of Dubai Health and President of Mohammed Bin Rashid University of Medicine and Health Sciences, and Dr. Omar Lateef, President and CEO of Rush University System for Health and Rush University Medical Center, in the presence of His Excellency Dr. Alawi AlSheikh-Ali, Director General of Dubai Health Authority.

The collaboration outlines areas of cooperation spanning clinical programs and care models, quality and patient safety, performance management, digital health, research, and innovation activities. It also encompasses education, training, and workforce development across medical, nursing, allied health, and leadership domains.

Dr. Amer Sharif, said: “We value the opportunity to engage with Rush University System for Health, which brings together two academic health systems united in a shared commitment to advance health for humanity.”

He added: “Through meaningful knowledge exchange and mutual learning, we look forward to delivering better outcomes for the communities we serve while supporting the development of qualified talent across disciplines and reinforcing Dubai’s position as a global healthcare destination.”

Dr. Omar Lateef, said, “This strategic collaboration creates incredible opportunities to view safety, quality, and the patient experience through a global lens — one that fosters a culture defined by best practices over geographic location. While each system has developed a worldwide reputation for excellence, we have much to learn from one another, with the ultimate beneficiaries being our patients.”

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Press Release

TrueDAO Raises $10 million in Strategic Funding to Accelerate AI-Powered Financial Infrastructure

Published

54 minutes ago

on

July 10, 2026

By

New York, USA, July 10th, 2026, Chainwire

TrueDAO announced today the completion of a $10 million strategic funding round. The round was led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital. The proceeds will primarily fund core AI protocol development, AI-driven risk control, security audits, global compliance efforts, and the expansion of ecosystem partnerships.

The journey to this milestone began a year ago when the TrueDAO team set out to build a decentralized financial infrastructure driven by smart contracts, on-chain reserves, dynamic adjustment mechanisms, and community governance. The initiative aimed to address challenges in the traditional crypto industry regarding yield sustainability, risk response, reserve transparency, and governance efficiency; since then, the team has successfully developed the core protocol architecture.

TrueDAO is not designed for a single blockchain application; instead, it aims to serve as a modular financial infrastructure, providing global ecosystem projects with liquidity management, reserve management, risk alerts, yield distribution, and governance support.

This funding round will focus on five key areas: refining smart contracts and protocol modules; building AI-driven risk monitoring and stress-testing systems; implementing independent security audits, real-time monitoring, and bug bounty programs; advancing legal and compliance assessments across various jurisdictions; and releasing developer documentation while expanding ecosystem partnerships.

SoLee, Head of Marketing at TrueDAO stated “Raising $10 million is a significant milestone, but it is not the finish line. While capital accelerates development, it cannot replace security, transparent governance, and genuine value creation. We remain committed to building an on-chain financial infrastructure that is auditable, verifiable, and governable.”

Following the funding, TrueDAO will advance its testnet launch, security audits, developer tools, and ecosystem integration plans, while disclosing protocol operations and reserve data in phases. Specific launch dates, token arrangements, and incentive mechanisms will be subject to official announcements and applicable laws.

About TrueDAO

TrueDAO is an AI-driven decentralized autonomous financial infrastructure project. It is dedicated to building an open, transparent, and composable on-chain financial system through the integration of smart contracts, on-chain data, AI risk analysis, dynamic value adjustment, protocol reserves, and DAO governance.

TrueDAO Website: www.truedao.ai

Contact

TrueDAO
info@truedao.ai

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Press Release

OGM Group Absorbs WAF, Strengthening Orion Funded’s Leadership in the Spanish-Speaking Prop Trading Market

Published

1 hour ago

on

July 10, 2026

By

Dubai, United Arab Emirates, July 10th, 2026, FinanceWire

OGM Group, the group behind Orion Funded, today announced the completion of the absorption of WAF, an emerging proprietary trading firm that experienced strong growth within the Spanish-speaking market.

The financial terms of the transaction remain confidential. While industry sources have suggested the deal could be valued in the seven-figure range.

The transaction forms part of OGM Group’s broader strategy to consolidate the proprietary trading sector through selective acquisitions and strategic transactions, while providing continuity for traders affected by firms exiting the market.

As part of the agreement, eligible WAF traders will be offered the opportunity to transition to Orion Funded at no cost. Accounts at breakeven or in drawdown will receive a new Orion account starting from the initial balance, while profitable accounts will be reviewed individually with the objective of preserving their existing balance wherever possible.

The transition is expected to be completed over the coming days and remains subject to Orion Funded’s Terms & Conditions, eligibility requirements, supported jurisdictions and compliance procedures.

David Viota Estévez, CEO of OGM Group, said:

“Over the last three years, we’ve focused on building strong companies, investing in technology and earning the trust of traders. Today, OGM Group is in a position where we can go a step further; not only by growing our own brands, but by bringing great businesses into our ecosystem and giving them the resources to grow even further. This transaction is a reflection of that vision, and it certainly won’t be the last. We’re already in conversations around several other opportunities that, if completed, will continue strengthening OGM Group over the coming months.”

Orion Funded has established itself as one of the leading proprietary trading firms serving Spain and Latin America. The company serves traders in more than 160 countries, was named Prop Firm of the Year 2025 by FundedTrading.com, is listed among the world’s leading proprietary trading firms by Prop Firm Match, and has built a strong reputation for transparent payouts, proprietary technology and operational stability.

For OGM Group, the transaction represents another step in its long-term expansion strategy as it continues investing in technology, infrastructure and strategic growth opportunities across the global proprietary trading industry.

About OGM Group

OGM Group is an international fintech group focused on proprietary trading and financial technology. Through Orion Funded and its portfolio of companies, the Group provides technology, infrastructure and trading solutions to clients in more than 160 countries while pursuing growth through product innovation, strategic acquisitions and commercial partnerships.

Legal Notice

This transaction is a commercial absorption designed to facilitate an orderly transition for eligible traders.

It does not constitute a statutory merger, legal succession or continuation of WAF as a corporate entity. WAF and Orion Funded remain separate legal entities, and Orion Funded does not assume WAF’s historical liabilities, contractual obligations or previous operations.

Any account issued by Orion Funded under this agreement is a new and independent account governed exclusively by Orion Funded’s own Terms & Conditions, trading rules, eligibility requirements, compliance procedures and supported jurisdictions.

Contact

Trexibel S.
Orion Funded
pr@orionfunded.com

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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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