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LikeLib2.0 Technical Features, Redefining Public Chain

Published

6 years ago

on

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

Ekiden Launches Canton Network’s First Order Book-Based Derivatives Exchange

Published

1 hour ago

on

September 9, 2026

By

Lisbon, Portugal, September 9th, 2026, FinanceWire

Ekiden, the first order book-based derivatives exchange, brings institutional-grade execution, private trading workflows, and on-chain settlement to the Canton ecosystem. 

The launch adds a professional execution layer to Canton’s growing financial ecosystem, enabling market participants to trade and settle derivatives on-chain using infrastructure designed around the requirements of institutional markets. 

Ekiden is built for professional trading firms, market makers, funds, banks, and institutional trading desks that require execution workflows closer to traditional capital markets than to retail-focused decentralized finance venues. 

The platform combines a central limit order book, or CLOB, with request-for-quote execution, PropAMM integration, a professional trading terminal, and API connectivity for market makers, algorithmic trading platforms, aggregators, exchanges, and funds. 

Ekiden also provides a streamlined entry point into the Canton ecosystem, allowing professional market participants to onboard, connect through its API, and begin trading without having to build their own Canton-native infrastructure.

Canton Network provides a privacy-enabled and interoperable environment for regulated financial markets, allowing institutions to coordinate transactions without making commercially sensitive information publicly visible. Ekiden extends that environment into derivatives trading by bringing execution, liquidity, and settlement together within a single venue. 

“Ekiden’s mainnet is a notable addition to Canton’s application layer, bringing order book execution, privacy, and settlement into a single venue designed for professional trading,” said Viv Diwakar, Head of the Canton Foundation. “Launches like this act as a catalyst as the network broadens its offerings in on-chain derivatives, and we look forward to seeing a range of venues and participants contribute to that growth over time.”

According to a 2026 Coinbase and EY survey, 73% of institutional decision-makers plan to increase their digital asset allocations. Supporting this growth requires reliable execution, liquidity, price discovery, privacy, and infrastructure capable of handling institutional order flow.

“Tokenization alone does not create institutional markets,” said Vitali Dervoed, founder and CEO of Ekiden. “For tokenized assets to trade at scale, institutions need execution quality, liquidity, privacy, and workflows that reflect how professional trading actually works. Canton provides the institutional environment. We add the trading infrastructure layer for on-chain derivatives.” 

Existing on-chain trading venues have largely developed around retail participation, passive liquidity pools, and public execution environments. Professional trading firms have different requirements, including deterministic execution, low-latency API access, configurable privacy, and the ability to manage positions and capital movements without exposing commercially sensitive information to the wider market. 

Ekiden’s architecture is intended to address these requirements while preserving the operational benefits of on-chain settlement. The platform allows the lifecycle of a derivatives transaction from price discovery and execution through to settlement to take place within Canton’s privacy-enabled environment. 

During its first week on the Canton testnet, Ekiden recorded 1,502 active users, more than 72,000 trades, and approximately $8.9 million in trading volume. The company is working with 11 integration partners and has integrated 12 market makers ahead of its expansion on mainnet. 

Initial liquidity is supported by market makers, including Keyrock, Kappa Lab, and Flowdesk. Ekiden plans to add further liquidity providers, onboard more institutional participants, and expand the range of derivatives available through the platform. 

In May 2026, Ekiden raised $2 million in seed financing to develop institutional-grade infrastructure for on-chain derivatives. The round included investors and strategic participants connected to GSR, Flowdesk, Pyth, Aptos, G20, DCF God, Curiosity Capital, and Keyrock. 

The mainnet launch strengthens Canton Network’s position as infrastructure for institutional digital markets by adding a dedicated venue for derivatives execution and settlement. It also broadens the range of financial activity that can take place across the network while maintaining the privacy and workflow controls required by professional market participants.

About Ekiden

Ekiden operates an institutional derivatives exchange on Canton Network, combining central limit order book and request-for-quote execution with on-chain settlement, privacy controls, and institutional custody workflows. The platform is live and open to proprietary trading firms, funds, market makers, and bank trading desks.

Get started

Onboarding information and API documentation are available at ekiden.fi

Contact

Sofia Bobrik
TechWaves PR
ceo@techwavespr.com

About Author

Cloud PR Wire

See author's posts

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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Press Release

Ekiden Launches Canton Network’s First Order Book-Based Derivatives Exchange

Published

1 hour ago

on

September 9, 2026

By

Lisbon, Portugal, September 9th, 2026, FinanceWire

Ekiden, the first order book-based derivatives exchange, brings institutional-grade execution, private trading workflows, and on-chain settlement to the Canton ecosystem. 

The launch adds a professional execution layer to Canton’s growing financial ecosystem, enabling market participants to trade and settle derivatives on-chain using infrastructure designed around the requirements of institutional markets. 

Ekiden is built for professional trading firms, market makers, funds, banks, and institutional trading desks that require execution workflows closer to traditional capital markets than to retail-focused decentralized finance venues. 

The platform combines a central limit order book, or CLOB, with request-for-quote execution, PropAMM integration, a professional trading terminal, and API connectivity for market makers, algorithmic trading platforms, aggregators, exchanges, and funds. 

Ekiden also provides a streamlined entry point into the Canton ecosystem, allowing professional market participants to onboard, connect through its API, and begin trading without having to build their own Canton-native infrastructure.

Canton Network provides a privacy-enabled and interoperable environment for regulated financial markets, allowing institutions to coordinate transactions without making commercially sensitive information publicly visible. Ekiden extends that environment into derivatives trading by bringing execution, liquidity, and settlement together within a single venue. 

“Ekiden’s mainnet is a notable addition to Canton’s application layer, bringing order book execution, privacy, and settlement into a single venue designed for professional trading,” said Viv Diwakar, Head of the Canton Foundation. “Launches like this act as a catalyst as the network broadens its offerings in on-chain derivatives, and we look forward to seeing a range of venues and participants contribute to that growth over time.”

According to a 2026 Coinbase and EY survey, 73% of institutional decision-makers plan to increase their digital asset allocations. Supporting this growth requires reliable execution, liquidity, price discovery, privacy, and infrastructure capable of handling institutional order flow.

“Tokenization alone does not create institutional markets,” said Vitali Dervoed, founder and CEO of Ekiden. “For tokenized assets to trade at scale, institutions need execution quality, liquidity, privacy, and workflows that reflect how professional trading actually works. Canton provides the institutional environment. We add the trading infrastructure layer for on-chain derivatives.” 

Existing on-chain trading venues have largely developed around retail participation, passive liquidity pools, and public execution environments. Professional trading firms have different requirements, including deterministic execution, low-latency API access, configurable privacy, and the ability to manage positions and capital movements without exposing commercially sensitive information to the wider market. 

Ekiden’s architecture is intended to address these requirements while preserving the operational benefits of on-chain settlement. The platform allows the lifecycle of a derivatives transaction from price discovery and execution through to settlement to take place within Canton’s privacy-enabled environment. 

During its first week on the Canton testnet, Ekiden recorded 1,502 active users, more than 72,000 trades, and approximately $8.9 million in trading volume. The company is working with 11 integration partners and has integrated 12 market makers ahead of its expansion on mainnet. 

Initial liquidity is supported by market makers, including Keyrock, Kappa Lab, and Flowdesk. Ekiden plans to add further liquidity providers, onboard more institutional participants, and expand the range of derivatives available through the platform. 

In May 2026, Ekiden raised $2 million in seed financing to develop institutional-grade infrastructure for on-chain derivatives. The round included investors and strategic participants connected to GSR, Flowdesk, Pyth, Aptos, G20, DCF God, Curiosity Capital, and Keyrock. 

The mainnet launch strengthens Canton Network’s position as infrastructure for institutional digital markets by adding a dedicated venue for derivatives execution and settlement. It also broadens the range of financial activity that can take place across the network while maintaining the privacy and workflow controls required by professional market participants.

About Ekiden

Ekiden operates an institutional derivatives exchange on Canton Network, combining central limit order book and request-for-quote execution with on-chain settlement, privacy controls, and institutional custody workflows. The platform is live and open to proprietary trading firms, funds, market makers, and bank trading desks.

Get started

Onboarding information and API documentation are available at ekiden.fi

Contact

Sofia Bobrik
TechWaves PR
ceo@techwavespr.com

About Author

Cloud PR Wire

See author's posts

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

ICE Intercontinental Exchange ICE Launches AI-Powered Quantitative Trading Platform Globally

Published

2 hours ago

on

September 9, 2026

By

United States, 9th Sep 2026 – ICE recently launched its AI-powered quantitative trading platform globally on September 6th, marking a significant step forward in the platform’s development of digital tools for gold trading.

Leveraging a mature market trading system, the new AI-powered quantitative trading platform aims to provide global gold market participants with intelligent trading assistance tools, optimizing the efficiency of gold trading execution and adapting to the diverse trading reference needs of various market environments.

According to publicly available information from the platform, at the time of the platform’s launch, its assets under management exceeded US$185 million. This new platform integrates technological capabilities with gold spot and futures trading businesses, providing standardized gold trading technical services to market users in different regions around the world.

An ICE representative stated that the company will continue to adhere to industry standards, deeply cultivate the gold trading sector, iterate its intelligent technology products, and collaborate with multiple global industry resources to contribute to the digital development of the gold trading market.

Media Contact

Organization: EVE Global Foundation

Contact Person: Shirley

Website: https://www.eve-ai.io/

Email: Send Email

Country:United States

Release id:48926

The post ICE Intercontinental Exchange ICE Launches AI-Powered Quantitative Trading Platform Globally 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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