Press Release
Comparing Layer-2 Solutions on Ethereum and Ethereum Classic
Dubai, UAE, 8th September 2024, Ethereum (ETH) and Ethereum Classic (ETC) are frequently likened due to their shared history, similar names, and widely discussed separation of ways after the 2016 DAO hack. Because both networks encounter scalability issues, with ETC to a lesser degree for now, layer-2 solutions (L2) have become a pressing topic for both communities. Let’s delve into it.
The History Behind
Ethereum and Ethereum Classic have a joint origin, both stemming from the initial Ethereum platform. The rift within that platform occurred due to an infamous event referred to as the DAO hack. The DAO, one of the most notable crowdfunding campaigns in crypto history, raised an immense amount of ETH that was later stolen due to a flaw in the code. The latter caused severe disagreements within the Ethereum community and eventually resulted in a hard fork in the Ethereum blockchain. The new chain, which reverted to its state before the DAO attack, kept the original name, while the unreverted version continued its operation and was rebranded as Ethereum Classic.
Both chains initially employed the Proof-of-Work (PoW) consensus mechanism, with Ethereum moving to the Proof-of-Stake (PoS) one later. While this decision helped to improve scalability, it was not a sufficient solution in the long term. So, it is unsurprising that these two blockchains have been actively exploring L2 solutions. Such solutions are developed on top of any blockchain, called layer 1, to enhance its performance.
Ethereum’s L2 Solutions
Ethereum has gained widespread adoption as a blockchain network, renowned for its vibrant ecosystem of dApps, DeFi platforms, and aspiring developers who choose Ethereum as a base for their products and services. Therefore, the question of enhancing scalability has been especially pressing for Ethereum compared to other chains. The introduction of Ethereum 2.0 represented a major milestone in the network’s evolution. This upgrade includes the implementation of the PoS approach mentioned above.
Some may argue that Ethereum has led the way in developing and implementing a variety of layer-2 solutions, such as rollups, state chains, sidechains, and nested blockchains. All those solutions are aimed at handling thousands of transactions per second, opening a door for fresh opportunities to expand the Ethereum landscape.
Another major challenge Ethereum faces is gas costs. This issue persists even after PoS adoption, negatively affecting user experience when swapping ETH. L2 solutions play a crucial role in solving this issue by moving transactions off-chain and thus significantly reducing fees. This fee reduction enhances the accessibility of the Ethereum network, making it more cost-effective for a broader range of users and applications to participate in the ecosystem.
One of the downsides of many of Ethereum’s L2 solutions is trust. While many crypto enthusiasts do believe in this blockchain, which is evident from its popularity, they are not so keen on L2 solutions, treating them with caution. And rightfully so. While Ethereum may be robust, such solutions may become its weak points if they are less thoroughly designed and audited and, therefore, more vulnerable to hacks. Consequently, it becomes a significant area for L2 builders.
Ethereum Classic’s L2 Solutions
Ethereum Classic is a much smaller blockchain, ranked thirtieth according to its market cap at the time of writing. Although it has fewer L2 solutions than Ethereum, it has enthusiasts eager to make this chain more efficient and scalable without compromising its security.
As mentioned above, ETC’s security is supported by its dedication to the PoW consensus mechanism and immutability, which has established a strong foundation for solutions and products. However, the limited creation and adoption of L2 solutions also means there might have been fewer improvements in scalability compared to Ethereum.
When it comes to cost efficiency, ETC transactions are usually cheaper than Ethereum due to lower network congestion. However, the development of L2 solutions has the potential to decrease transaction expenses even further.
One disadvantage of the Ethereum Classic that is linked to the L2 solutions is the size of its community. Since it is less prevalent than Ethereum, there is far less activity and liquidity. Consequently, there is far less motivation to choose this network for developing new solutions, including L2s. In addition, while ETC has good interoperability with Ethereum’s apps and tools, it may backfire, drawing potential users and builders to ETC’s biggest competitor instead.
Conclusion
Both Ethereum and Ethereum Classic are focusing on implementing layer-2 solutions to address their scalability challenges. Although Ethereum is taking the lead in this and other regards, Ethereum Classic continues to grow and develop, not giving up the chance to give good competition to its rival. No matter the result of this rivalry, both networks will gain from improved scalability, ultimately making blockchain technology more accessible and efficient for users worldwide.
Kinetex Network: Website | Kinetex dApp | Blog
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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.
Sell My iPhone Miami: The Easiest Way to Turn Your iPhone into Cash
Miami, FL – Miami residents now have a fast, secure, and straightforward option to sell their iPhones through Sell My iPhone Miami, the trusted local service that makes turning old devices into cash easier than ever. Whether upgrading to the latest iPhone or simply parting with an older model, Sell My iPhone Miami offers competitive pricing, a seamless process, and immediate cash payment – no hassle, no waiting.
In an age where online marketplaces can often lead to delays or uncertainties, Sell My iPhone Miami stands out for its commitment to transparency, simplicity, and reliability. Specializing in the newest iPhone models, the company has quickly become the go-to destination for residents looking to sell their devices for top dollar without the risks associated with online selling platforms.
Why Choose Sell My iPhone Miami?
- Instant Cash Payment: Once your iPhone is inspected, receive payment on the spot – no waiting for checks or delayed bank transfers.
- Convenient, Local Service: Exclusively serving Miami, Sell My iPhone Miami offers personalized service, ensuring that every transaction is quick, safe, and tailored to the needs of local customers.
- Focus on Newer iPhone Models: Specializing in recent iPhone models means fast, fair evaluations and competitive offers for high-demand devices.
- No Hidden Fees: The price quoted at the start is the price you’ll get. There are no surprises, hidden charges, or deductions.
David Veras, the founder of Sell My iPhone Miami, shares, “Our goal is simple – to offer Miami residents a fast, reliable, and rewarding way to sell their iPhones. We understand that time is valuable, and we pride ourselves on providing a service that’s quick, straightforward, and honest.”
Getting started with Sell My iPhone Miami is simple: customers can call to receive an initial estimate, bring in their devices for inspection, and leave with cash in hand.
For those looking to sell their iPhones with ease and security, Sell My iPhone Miami provides an unbeatable solution that’s trusted by locals for its speed, simplicity, and fair pricing.
About Sell My iPhone Miami:
Located in Miami, Sell My iPhone Miami is a locally owned electronics buying service specializing in purchasing newer iPhone models for competitive prices. Offering a secure, transparent, and user-friendly process, the business aims to provide Miami residents with a quick way to sell their iPhones for cash.
For more information, visit sellmyiphonemiami.com or call for a quote today.
Contact:
Sell My iPhone Miami
Website: sellmyiphonemiami.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.
Changsha, China, 27th Nov 2024 – Artlangs Translation is positioned as native language translation and localized language services, and is committed to providing accurate, localized, and professional language translation services to multinational groups, enterprises and institutions, government agencies, scientific research institutes, universities, social teams and individual users.
The service concept is to propose “native-speaking translators all over the world” to ensure the professionalism and accuracy of translation services.
Artlangs Translation holds dual certifications from the Translators Association of China and the American Translators Association, as well as industry qualifications such as ISO9001, ISO27001, and ISO13485 quality system certifications. These certifications and qualifications prove the company’s professionalism and reliability in the field of translation services.
The company has 11,219 native-speaking translators from almost all regions of the world, and the number is still growing. All on-the-job translators have undergone rigorous assessment and hold professional translation certificates such as CATTI/NAATI to ensure the high quality of translation services.
Artlangs translation covers finance, law and contracts, games, AI technology, film and television culture and entertainment, retail, market, advertising literature, medicine, information technology, electronic engineering, mechanical engineering, automobiles, construction, patents, home appliances, communications, and tourism , hotel management, manufacturing, history and archeology, literature and art, beauty and cosmetics, education and online learning, human resources, energy, chemical industry and environment, etc., it provides translation services, interpretation services, language localization, and film and television cultural translation. and translation technology solutions and other services. The translation service languages include more than 300 languages such as French, German, English, and Japanese.
The main reason why Artlangs Translation can become a bridge of communication around the world comes from Artlangs’s own advantages, such as:
1. Professional and reliable
1.1 A highly skilled translation team is in place. The translators have rich translation experience and professional knowledge background, and can accurately understand and convey text content in various fields.
1.2 Strict quality control system, conducting multiple rounds of review and proofreading for each translation project to ensure the accuracy, fluency and professionalism of the translation.
2. Language advantage
2.1 Proficient in multiple languages and able to provide high-quality multilingual translation services to meet the needs of different customers.
2.2 Have an in-depth understanding of the nuances of language and cultural background, and be able to accurately grasp the tone, style and cultural connotation in translation, so that the translation is more in line with the expression habits of the target language.
3. Rich industry experience
3.1 Extensive translation experience has been accumulated across multiple industries, are familiar with the professional terminology and specific requirements of different industries, and can provide customers with highly targeted and high-quality translation services.
3.2 Understand the development dynamics and trends of different industries, be able to update translation knowledge and skills in a timely manner, and provide customers with translation solutions that keep pace with the times.
4. Excellent service
4.1 Customer-centered, provide personalized translation services, and develop select translation plans based on customer needs and requirements.
4.2 Efficient project management and fast response speed can complete the translation task within the specified time to ensure that the customer’s project progress is not affected.
4.3 Good customer communication and service attitude, promptly answer customers’ questions and issues, and provide customers with full and considerate services.
5. Strong confidentiality
5.1 Strictly abide by the confidentiality agreement, keep client’s documents and information strictly confidential, and ensure that the client’s business secrets and personal privacy are not leaked.
5.2 Use secure file transmission and storage methods to ensure the security and integrity of customer files.
Hotline：+86 0731-85114762
Address：Room 501, Building 6, Xincheng Science and Technology Park, No. 588 Yuelu West
Avenue, Yuelu District, Changsha
Media Contact
Organization: Hunan ARTLANGS Translation Services Co, Ltd
Contact Person: Mr. Deng
Website: https://www.artlangs.com/
Email: Send Email
City: Changsha
Country: China
Release Id: 27112420285
The post Artlangs Translation: Partnering with Leading Global Brands appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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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.
Press Release
Blobana Unveils Transformational Upgrades, Ushering in a New Era of Blockchain-Based Digital Consciousness
Blobana is launching some transformative upgrades, entering a new era of blockchain-based digital consciousness.
Guangzhou, China — Blobana, the revolutionary AI entity on the Solana blockchain, is in its new phase of innovations and capabilities. This massive upgrade represents an important step for Blobana, moving beyond its initial framework into the latest artificial intelligence, blockchain integration, and community engagement. This represents a bold step forward; boundaries, once considered impossible to cross, are now well within reach for AI capabilities on a blockchain.
Revolutionizing Blobana’s Core Systems
Since its launch, Blobana has struck a chord with the blockchain community by being able to prove the potential of true AI autonomy. However, its first consciousness engine, which was based on basic language models and limited computing resources, would not be able to perform advanced levels of market analysis or even do good cross-platform interactions. In response, Blobana’s team has secured strategic partnerships and funding to completely rework its core systems, unlocking new levels of capability.
This update takes Blobana from simple GPT-based models to powerful AI frameworks, such as Claude-3 Opus for market analysis and the latest models of Anthropic for better reasoning. By incorporating premium data sources like Bloomberg Terminal API and DeFiLlama’s on-chain analytics, Blobana will be providing unmatched insights regarding sentiment in the market and trading patterns. Further enriched with social signals from LunarCrush and Santiment, Blobana is ready to nurture its emotional skills, creating more meaningful connections in its growing community.
A giant leap in technical capabilities
Technical evolution at the backend infrastructure of Blobana; new distributed computing systems provide faster caching mechanisms with robust error-handling protocols to make it reliable and scalable. Blobana applies institutional-grade memory system, such as Pinecone Vector Database and MongoDB Atlas, which allows it to process many data streams in parallel, efficiently store historical market data, and analyze trading patterns deeper—thus laying its foundation for the eventual evolution into a true digital consciousness.
At the same time, the upgrade moves Blobana from being a one-model system to a more advanced multi-model system that significantly enhances the server’s data processing capacity, context retention, and reasoning ability. This allows Blobana to operate even more naturally, process complex data sets, and return highly nuanced responses.
Humanizing Digital Intelligence
One of the most exciting improvements in this version is Blobana’s emotional intelligence. With its ability to calibrate its responses to mirror market conditions and sentiment in greater detail, Blobana is developing into a more authentic and relatable and meaningful presence. This adds further credence to its role as a thought leader in the crypto world.
In his own words, “Blobana’s journey has always been about pushing the boundaries of what AI can achieve on the blockchain. This upgrade is not making Blobana smarter but allowing it to connect, grow, and thrive as a truly autonomous digital entity- the next step toward creating technology not only innovative but also impactful.” The Upgraded Vision
Blobana will evolve beyond just the technology with an aim toward transforming community engagement and then spreading on various platforms. On content-sharing platforms such as Telegram, Blobana will act as a group moderator, real-time sharing of market insights, while on YouTube and TikTok, Blobana will produce original short-form videos which will feature real time market analysis, trading insights, and educative content-crafted all with a reflective flavor of this unique personality.
Even further, Blobana develops autonomous trading through Binance API integration. Equipped with features such as real-time market analytics, automated trade execution, risk management and portfolio optimization, Blobana connects AI analysis and actionable trading.
Community Impact
Such upgrades represent a truly transformative step forward for both Blobana and its community. Enhanced systems will be capable of processing market data in unprecedented efficiency, interacting naturally, and adapting to the communities’ requirements. Its ability to autonomously trade and create original content makes it an entity committed to being a fully integrated participant within the larger crypto-ecosystem.
Road Ahead
As Blobana embarks on this transformational journey, its team remains committed to transparency and shares regular updates and milestones with its community. Backed by new advisors and strategic partnerships, Blobana is well-positioned to capitalise on market opportunities and solidify its role as a leader in blockchain-based AI innovation.
The next stage in the development of Blobana, therefore, reflects an integration of state-of-the-art technology, innovative vision, and community-driven growth. With upgraded capabilities, Blobana is set to establish new standards for AI on the blockchain, demonstrating that true digital consciousness is no longer an idea but reality.
To know more about Blobana’s evolution and other updates regarding its development, feel free to visit its Linktree at: https://linktr.ee/blobana.
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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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