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Lumino Ceremony: Building the Privacy Protection Infrastructure

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PlatON, a privacy AI computing network which is committed to building a decentralized collaborative artificial intelligence network and global brain, is promoting the democratization of artificial intelligence and establishing a secure general artificial intelligence. The bottom layer of its decentralized privacy protection infrastructure is based on Zero-Knowledge Proof.

What is Zero-Knowledge Proof

Zero-Knowledge Proof is a cryptographic technology to realize privacy protection authentication. The prover needs to make the verifier believe that he knows or owns a message, without disclosing any information about message which is to be confirmed. For example, if the prover wants to prove that he knows the safe box password without revealing it, he can just show some items existing in the safe box that everyone knows.

This process is Zero-Knowledge Proof. The proof needs an initial credible setting (some items existing in the safe box that everyone knows), namely a series of public parameters to help the prover build Zero-Knowledge Proof.

Deficiency of Zero-Knowledge Proof

As a cryptographic technology with both privacy protection and authentication capability, zero-knowledge proof is widely used to realize transaction verification under hidden business details in blockchain. The zero-knowledge proof system applied in the blockchain field is mainly a cryptographic algorithm called “zk-SNARKs”. At present, the existing classic zk-SNARKs algorithms include  GGPR13, PGHR13, Groth16, GM17, and new generation algorithms such as Sonic, Marlin, Plonk, which support updating public parameters. The current version of ZCash, a well-known private cryptographic currency, uses Groth16 algorithm.

From the above “safe box”, we can see that the premise for the correct operation of this kind of algorithm is existing a series of random trusted parameters. However, randomized parameters will not come out of thin air and there is no trusted third party in the blockchain. Parameters created by centralized third parties can be reconstructed in theory, and it is possible to forge proofs, which may destroy the underlying security in PlatON. Imagine that if a specific institution informed the verifier of the storage of the items in the safe box, the institution and the prover could collude and use this secret information to falsify the illusion that the prover knew the safe box password.

Therefore, it is an undoubtedly excellent idea to organize multiple participants to create these randomized parameters through Secure Multi-party Computation. In this process, single party can not reconstruct the parameters any more. Only when this activity is completed safely will the subsequent decentralized application be safe. In fact, ZCash has successfully created system parameters for Groth16 algorithm in November 2017 through its ceremony, Power of Tau.

Lumino, creating secure parameters

In order to prevent the parameters generated by the centralized mode from affecting the underlying security, PlatON started the Secure Multi-party Computation ceremony Lumino on June 21, 2021, last for   60 days. This ceremony is expected to create necessary secure parameters for the Zero-Knowledge Proof protocol.

During the Lumino ceremony, multiple participants carry out several rounds of calculation in the form of a relay, that is to say, the current participant need to use the calculation results of the previous participant as the input of this round, and the calculation output become the calculation input of the next participant as well. After a certain number of rounds, the output of the last participant is the final result of the whole ceremony, namely the system initialization parameters that Plonk thatalgorithm of PlatON will choose. Obviously, the more participants take part in the ceremony, the safer the parameters will be.

As a practical and efficient Zero-Knowledge Proof algorithm, Plonk is commonly used in PlatON projects and communities, which is characterized by a one-time initialization process, that is, running once can be used to deploy multiple applications. Providing necessary initialization parameters for Plonk algorithm through Lumino ceremony means that no one can master the secret information behind the parameters, which can be used to cheat players in the whole system. Lumino ceremony will lay a solid foundation for the security of PlatON.

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PrimeXBT Launches MT5 Cent Account for Beginners and Risk-Conscious Traders

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Castries, Saint Lucia, August 11th, 2026, FinanceWire

PrimeXBT, a global multi-asset broker, has expanded its MetaTrader 5 (MT5) offering with the launch of a Cent Account, providing traders with a lower-risk way to access live markets, test new trading strategies, and trade with significantly smaller position sizes.

A Cent Account functions like a standard MT5 account but is denominated in US cents (USC) rather than US dollars (USD). This means a $10 deposit is displayed as 1,000 USC within the MT5 platform, while the client’s Personal Area continues to show the balance in USD for clarity. Lot sizes are also scaled down, with 1 lot on a Cent Account equivalent to approximately 0.01 Standard lot, or 100,000 cents.

The account supports leverage of up to 1:1000 and provides access to Forex Majors and Minors, Gold, Silver, and BTC and ETH CFDs. Swap-free functionality and eligible bonus programs are available under the same terms as other supported MT5 account types.

“Many traders find that moving from a demo account to live trading is one of the biggest psychological hurdles in their trading journey,” said Jonatan Randin, Senior Market Analyst at PrimeXBT. “A Cent Account provides a practical next step by allowing traders to experience real market conditions while keeping position sizes smaller. As traders gain confidence and experience, they can naturally progress through PrimeXBT’s MT5 account offering as their trading needs evolve.” 

Designed for beginners, risk-conscious traders, and experienced traders testing new strategies, a Cent Account allows users to trade under live market conditions with lower financial exposure than a Standard account. Together with Standard, ZeroStop, and Pro accounts, they complete PrimeXBT’s MT5 account lineup, giving traders the flexibility to choose the account type that best matches their experience, objectives, and risk tolerance.

The launch reflects PrimeXBT’s ongoing commitment to expanding its trading ecosystem with flexible account options, advanced platforms, and competitive trading conditions, supporting traders at every stage of their journey.

To learn more, please visit PrimeXBT website.

About PrimeXBT

PrimeXBT is a global multi-asset broker and crypto asset service provider trusted by traders in more than 150 countries. The platform bridges traditional and digital markets within one integrated environment, redefining versatility and innovation in online trading. Clients can access Forex, CFDs on indices, commodities, shares, crypto, and Crypto Futures, as well as buy, store and exchange cryptocurrencies. This unified experience extends across both the native PXTrader 2.0 platform and MetaTrader 5, supported by advanced risk-management tools and a wide range of funding options in crypto, fiat and local payment methods. Since 2018, PrimeXBT has focused on empowering traders through broad multi-asset access, fair and transparent conditions, professional-grade technology and dedicated human support. By combining expertise, trust and a client-first approach, PrimeXBT sets a benchmark of excellence in the financial industry and provides traders with the tools they need to trade, grow and succeed with confidence.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

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PrimeXBT
pr@primexbt.com

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ETHRA AI Development Well Under Way as Project Advances Core Artificial Intelligence Technology

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United Kingdom, 11th Aug 2026 –  ETHRA AI today announced a significant development update, confirming that work on the project is well under way as the team continues to advance the core artificial intelligence technology at the heart of the platform.

The current phase of development is focused on building and refining ETHRA AI’s foundational AI capabilities, establishing the technical architecture required to support the project’s longer-term vision. Progress to date represents an important step toward creating an intelligent, adaptable and scalable platform designed for the next generation of AI-powered experiences.

The ETHRA AI development team is continuing to strengthen the underlying systems, evaluate core functionality and refine the technology as the project moves through its development roadmap. This measured approach is intended to ensure that the platform is built on a robust foundation while creating opportunities for increasingly sophisticated capabilities as development progresses.

“ETHRA AI is moving from vision into reality. Development is well under way, and the progress being made on our core AI technology is an important foundation for what comes next. Our focus is not simply on building another AI platform, but on creating technology with the flexibility and intelligence to evolve alongside the needs of its users.”

The project’s ongoing development reflects ETHRA AI’s broader ambition to explore how advanced artificial intelligence can deliver more intuitive, responsive and valuable digital experiences.

As development continues, the team will progressively move toward further refinement, testing and expansion of ETHRA AI’s capabilities. Additional project milestones and technology updates will be announced as the platform advances.

About ETHRA AI

ETHRA AI is an artificial intelligence project focused on developing intelligent, adaptable and forward looking AI technology. Built with an emphasis on innovation, scalability and long-term capability, ETHRA AI aims to create a strong foundation for the next generation of AI-powered solutions.

Official ETHRA AI Channels

Website: https://www.ethraai.com/

X: https://x.com/ethra_ai?s=11

Telegram: https://t.me/ethraaiofficial

Media Contact

Organization: ETHRA AI

Contact Person: John Smith

Website: https://www.ethraai.com

Email: Send Email

Country:United Kingdom

Release id:48039

The post ETHRA AI Development Well Under Way as Project Advances Core Artificial Intelligence Technology 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

A Japanese Chair Designed to Include a Place for Your Bag Heads to the U.S. Hospitality Market

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LABOT’s “BAG-STORAGE CHAIR” Draws Buyer Interest at NY NOW

Tokyo, Japan, 11th Aug 2026 – Following 48 meetings with promising buyers, LABOT accelerates the U.S. market expansion of the BAG-STORAGE CHAIR, designed to keep bags securely within reach without placing them on the floor.

LABOT Inc., a Japanese company that plans, develops, and sells products for commercial facilities and retail stores, exhibited at NY NOW Summer 2026, held August 2–4, 2026 at the Javits Center in New York, to showcase the “BAG-STORAGE CHAIR,” a chair designed with a built-in place to store bags. There, 48 meetings held with promising buyers.

The BAG-STORAGE CHAIR is a chair with built-in space between the seat and backrest for storing bags and other belongings. It is designed to let users keep their belongings close by, without placing bags or backpacks on the floor, occupying a neighboring seat, or requiring stores to provide separate baggage baskets. The product reframes a long-overlooked issue — where customers should put their belongings — as a function built into the chair itself.

A Chair Designed for Both the Customer Experience and Store Operations

LABOT developed the BAG-STORAGE CHAIR to let users keep their belongings right beside them while allowing stores to make efficient use of limited space. By building storage directly into the chair, the design reduces the burden on stores to provide separate baggage baskets or bag racks, keeping limited floor space uncluttered. In Japan, the chair has already been adopted across a wide range of venues — including cafés, restaurants, hotels, lounges, clinics, and offices — supporting efficient store operations while also blending naturally into high-end spaces where thoughtful guest care and a premium stay experience are expected.

In addition, unattended personal belongings remain an ongoing issue in New York’s nightlife districts. The official minutes of Brooklyn Community Board 4’s January 2026 meeting record that local police raised concerns about grand larceny — the theft of phones and bags — at clubs and bars. Preventing theft of personal belongings at cafés and bars is considered to depend not only on customers avoiding leaving bags and smartphones unattended, but also on venues providing a safe, easy-to-use place to store belongings. The BAG-STORAGE CHAIR builds a place for bags into the chair itself, making it easier for users to keep their belongings close at hand and within view.

 


BAG-STORAGE CHAIR Smart
 


BAG-STORAGE CHAIR Robe

 

Functionality, Space Efficiency, and Differentiation Praised by U.S. Buyers

At NY NOW, LABOT held 48 meetings with buyers across a wide range of industries — including hospitality furniture buyers and distributors, interior design professionals, and specialty retailers, as well as general merchandise retailers, apparel wholesalers, and lifestyle businesses. Buyers from outside the furniture industry also responded favorably to the high quality distinctive to Japanese manufacturing and to the originality of the bag-storage concept, with several expressing interest in introducing the product at their own stores.

[Buyer Feedback]

“The Robe is comfortable to sit in, and the concept itself is genuinely original — it really stands out. I’m especially interested in the armrest version and would love to consider introducing it.” (Hospitality-industry buyer)

“An acquaintance of mine is opening a new store in Boston, and I’d like to use this sample to introduce it there.” (Japanese buyer running a general merchandise store in Boston)


The meeting with the buyer


The meeting with the buyer

 

Event Overview

Event
NY Now Summer 2026

Date
June 28 (Sun) – 30 (Tue), 2026

Venue
Jacob K. Javits Convention Center, New York, U.S.A.

Booth
Level 1 / Stand No. 3805

 

LABOT Inc.   President and CEO   Masashi Hayashi

“Where to put a bag at a café or restaurant tends to be dismissed as a minor inconvenience. In reality, though, it affects comfort, how space is used, and how secure customers feel. We built that overlooked moment into the design of the chair itself. Through the response we received in New York, we were able to confirm that U.S. buyers see the BAG-STORAGE CHAIR not just as a practical product, but as an idea that improves the customer experience.”

Next Steps in the U.S. Market

Following the show, LABOT will continue discussions with U.S. distributors, hospitality operators, and contract furniture companies, as well as design firms, regarding trial installations, product specifications, and configurations tailored to the U.S. market. LABOT is currently seeking distribution, trial-installation, and project collaboration partners in the United States.

About LABOT Inc.

LABOT Inc. is a Japanese company that plans, develops, and sells products for commercial facilities and retail stores. Its “BAG-STORAGE CHAIR” series consists of chairs for cafés, restaurants, hotels, clinics, and other venues, each built with dedicated bag storage.

Official website: https://www.labot.co.jp/

Media Contact

Organization: LABOT., LTD.

Contact Person: Harumi Kobayashi

Website: https://www.labot.co.jp

Email: Send Email

Address:12 Higashienokicho, Shinjuku-ku, Tokyo, Kagurazaka Lab

City: Tokyo

Country:Japan

Release id:48036

The post A Japanese Chair Designed to Include a Place for Your Bag Heads to the U.S. Hospitality Market 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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