Decentralized Storage Provider StorX Network has joined hands with NFT Marketplace XDSea on a partnership set to eliminate IPFS based centralized storage. Under the terms of the collaboration, it follows that XDSea will leverage StorX decentralized storage network as a store for their art, images, and documents. We are thrilled to announce the Partnership between @StorXNetwork and @XDSeaNFT.XDSea will use Storx decentralized storage network to store art, images, and documents. This will remove file storage centralized using ipfs.#StorX #SRX #partnership https://t.co/zfM7asYJaz — StorX Network (@StorXNetwork) March 3, 2022 Standing as the first-ever, and largest P2P decentralized marketplace in the world to provide an avenue for selling and buying NFTs, XDSea is built atop the XDC Network and runs on the XRC blockchain. The collaboration and expected offerings are a testament to the numerous promises made by DIMO and XinFin who hosted the official debut of the XDSea network. From being the first NFT marketplace to join the XRC blockchain, and now offering safer and more reliable storage for digital collectibles, the possibilities remain endless for XDSea. Already XDSea is reputed for its game-changing role offering very affordable gas fees in the market today thanks to its association with XinFin. Beyond that, it also offers the lowest transaction fees in the market today. By meeting users at the junction linking gas fees, transaction fees and now security, XDC is a game-changer in an extremely agile and dynamic industry. Competitive features of StorX Network’s Decentralized Cloud StorX Network has revolutionized data storage, providing a blockchain-based decentralized cloud storage solution. This solution evades tracking, censorship, blocking, or the presence of any downtime whatsoever. With these offerings, StorX leads netizens to a safer and more secure internet version where decentralization is the theme. XDSea is the first among many who are poised to leverage this future. With this partnership, XDSea intends to leverage StorX decentralized storage for the safe storage of NFTs in the range of art, images and documents; an action that will eliminate the centralization element of storing files characteristic of IPFS. IPFS is basically the hard drive of blockchain with a specific approach for data storage. IPFS stores data in such a way that when data is added to the IPFS network, the network splits it into groups of 256Kb capacities. Each group is identifiable using a specific hash and is thereafter spread across multiple nodes on the hash-linked networks. StorX is safer than IPFS While both use transport encryption, StorX offers more security thanks to its content-encryption property. While user data is safer when being sent between individual IPFS nodes, that data is accessible to anyone who wishes to download and view it provided they have the CID. StorX enhances security by providing the content-encryption property. Moreover, the XDSea will benefit from, among other privileges offered by StorX, the assurance of offering users a safer and more reliable storage network for their digital collectibles on the cloud. With this collaboration, XDSea, therefore, expects to deliver a safer and more unregulated storage experience for its esteemed user community so that they can design and develop their valuable NFTs on the open-source NFT Marketplace, XDSea. Notably, the partnership makes for a notable milestone for StorX, positioning them as the first storage provider to collaborate with XDC NFT marketplace for purposes of solving their storage needs. The mechanics hold that every file that a user uploads on StorX is split into multiple parts before encryption into several fragments and finally stored within independent storage nodes. The nodes are run by different operators located in various parts of the world. The hallmark of StorX network’s offering centers on the fact that the system is designed as a group of autonomous storage networks. This means that there is no one operator who holds total access to the data belonging to a single user. With different parts held by different operators, the amount of power or influence held by a single holder is therefore significantly reduced to an almost invaluable minimum, hence enhanced user security. #XDCNFT are coming to the #XDCNetwork. It is still early days but new artists, fans and innovators are rapidly joining the #XDC community. Buckle up, this space is about to explode! pic.twitter.com/YjvilI4Nox — PiusVirXDC (@PiusVir) March 21, 2022  

Following their win against DRX in their last series of the LCK 2022 Spring Split, T1 ends their regular split with a phenomenal 18-0 record. This is the first time in LCK history that a team has achieved a perfect regular split, marking an important milestone in the game and the organization’s esports history. Are […]

The post T1 Achieves LCK First-ever Perfect Spring Split Record appeared first on EsportsBets.com.

Just over a year since the latest funding, 1inch raised a Series B round of funding in December 2021, led by Amber Group, for a total of $175 million. 1inch looks a bit like Yearn as a DEX aggregator.

The Executive Order on Ensuring Responsible Development of Digital Assets lays the groundwork for clearer U.S. crypto regulations. Here's what people inside the industry are saying about it.

Our team has internally been sharing ways to support people affected by the crisis in Ukraine, so we thought we’d share some of...

A centralized database on a standard gigabit network can execute 710,000 transactions per second when transactions are no more than 176 bytes size on average. Without compromising decentralization, it is challenging for a blockchain to have such a high-speed transaction capacity. Solana has accomplished an impressive transaction per second capacity without compromising decentralization much. It is an open-source project that is a new permissionless and high-performance blockchain. The Solana Foundation manages the open-source project, situated in Geneva, Switzerland. It is the high-speed layer one blockchain, with a max capacity of 65,000 transactions per second. It has a transaction finality of around 13 seconds. How does Solana work? Proof of Stake (PoS) and Proof of History (PoH) are used by Solana Network to process its transactions efficiently with high speed. PoH is a simple method for validating all the transactions without communicating with other nodes. PoS is also used for validating transactions, for this, you have to stake your token. PoH is based on a simple method. It assigns a leader position randomly to a particular node after every new block creation. Any node which is the leader node must generate the whole proof of history statement. After being given the responsibility, the leader node coordinates with other nodes to construct a proof of history statement. The leader node also pushes the currently executed transactions, and then it publishes the transactions with verifiers in their final nodes. Verifiers repeat the process again to verify transactions. Verifiers also make copies of transactions and make them public. There is only one leader node in each Solana network at a time. The verifier node performs intelligently and has the same capabilities as a leader node; however, the verifier node can subsequently be elected as a leader through proof of stake elections. Compared to Bitcoin and Ethereum blockchain networks, a combination of PoH and PoS works well for Solana, allowing it to process data at a cheap cost. Solana’s high-speed blockchain is built using eight major technologies mentioned below: Proof of History: a clock before consensus. Tower Byzantine Fault Tolerance: a PoH-optimized version of PBFT. Turbine: a block propagation protocol. Gulfstream: a Mempool-less transaction forwarding protocol. Sealevel: the world’s first parallel smart contracts run-time. Pipelining: a transaction processing unit for validation. Cloudbreak: a horizontally-scaled accounts database. Archivers: Provide distributed ledger storage. Key characteristics of Solana:  Proof of History: For authorizing and restricting entries on its ledger, Bitcoin and Ethereum’s blockchain networks use a Proof of Work technique (proof of work means that every node on the blockchain network must reach consensus before every new entry). Proof of Work (PoW) is a complicated method that slows down the speed of transactions.  To address the drawbacks of the PoW system, Proof of History (PoH) was developed. Proof of history simply means that a new block can be added to the blockchain network without the need for mutual consent of other nodes. Every node in Solana has its clock and makes choices without consulting the others. Proof of History improves transaction speed while simultaneously ensuring an efficient blockchain network and recording all transactions.     Tower Byzantine Fault Tolerance: The BFT system functions as a safety net for the whole Solana ecosystem. It ensures that a single node failure does not disrupt the entire operation of the system. This approach enables the nodes to work even in case of multiple failures. Gulfstream: Gulfstream is a system that eliminates memepool requirements. Memepool can be viewed as a holding area where all unprocessed transactions await their turn. Solana’s network can handle a memory pool with a capacity of 1,00,00 transactions.   Validators are present in every blockchain ecosystem (validators select transactions and add them to the blockchain network). Solana’s network sends the transactions to its validators even before a new transaction is added. Validators empty the memepool region simultaneously, ensuring no ‘unconfirmed transactions’ in the Solana ecosystem. Sealevel: Solana allows for the simultaneous execution of numerous smart contracts. Solana becomes a time-saving and cost-effective blockchain network as a result of this. Sea level is the technology that allows Solana to run many smart contracts simultaneously. Cloudbreak: Solana uses a horizontal scaling method, which allows the blockchain to expand its scalability. Cloudbreak manages a database that can read and write transaction input data. It is also in charge of bridging the gap between hardware and software.  Pipeline: Most tasks in Solana’s ecosystem are separated for processing transactions quickly. Solana distributes the input data throughout the various hardware components of the network. It is a procedure that quickly checks the information blocks using various devices. Turbine: Solana splits various blockchain nodes into smaller packets. It helps in increasing the transaction speed of the network. Smaller data packets can be evaluated more quickly, which aids Solana in addressing bandwidth difficulties. Two main ways which make Solana … Continued

The post Solana Review: High-Speed Layer 1 Blockchain appeared first on Cryptoknowmics-Crypto News and Media Platform.

Quantum-proof secure data distribution platform released to enterprise market

A UK firm believes it has solved the ‘harvest now, decrypt later problem’.

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A pro-Ukraine Conti member spilled 13 months of the ransomware group's chats, while cyber actors are rushing to align with both sides.

The post Will Polygon’s MATIC Claim The $10 Price Tag By Q2 Following This Upgrade? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The ever-curious crypto folks who fail to resist over the future prospects of the coin market. Have set their radar on Polygon, which has been on a constant uphill trek. With its growing count of utility, developments, initiatives, and metrics. This time around, Polygon is the talk of the town with talks revolving around Hermez …

The Chairmen - Beat Art Gallery" project features music spanning across a multitude of genres to integrate the current world of music into the...

A recent report from financial services giant Fidelity captures Bitcoin as an asset class of its own, but fails to recognize its true potential.

Ethereum is the leading blockchain app platform that was proposed in 2013 by Vitalik Buterin and went live on July 30, 2015. There are...