Press Release
Zilliqa Launches Aventurine Proto-Mainnet, Advancing Towards Zilliqa 2.0
Singapore, 9th December 2024, Zilliqa, the established layer-1 blockchain that pioneered sharding technology, is excited to announce the deployment of the Aventurine proto-mainnet, a significant milestone on the roadmap to the launch of Zilliqa 2.0.
Aventurine serves as a robust test environment, introducing a number of improvements on the previous Jasper release and laying essential groundwork for a seamless transition to Zilliqa 2.0 upon its mainnet launch with the Agate release.
Aventurine will technically launch two networks – one upgraded version of the existing Jasper proto-testnet that imports its historical state and a new proto-mainnet that will import the historical state from the current Zilliqa mainnet.
The proto-mainnet will import existing dApps operating on the Zilliqa mainnet such as the PlunderSwap DEX and Safe multi-signature wallet, as well as upcoming dApps that will be integrated after they launch.
Aventurine also introduces critical interoperability between Ethereum Virtual Machine (EVM) and the Scilla smart contract language, which enables Zilliqa fungible tokens to function as EVM-compatible tokens.
Tokens used in major Zilliqa dApps such as $FPS, $XCAD, $XSGD, $HRSE, and $SEED will be available on the proto-mainnet, and support will be added to bridge these tokens from the proto-mainnet to BSC after the launch of Aventurine.
The foundation of this approach to interoperability has already been laid by Zilliqa group’s recent partnership with EMURGO, which will leverage Wanchain to deploy a strategic cross-chain bridge between the Zilliqa 2.0 and Cardano networks upon the mainnet launch of Zilliqa 2.0.
“This bridge is a significant milestone that unlocks exciting growth opportunities for both Zilliqa and Cardano,” said Wanchain CEO Temujin Louie.
“Our decentralised cross-chain technology will ensure secure, scalable transfers between the Zilliqa 2.0 network and Cardano, marking an important step in making Web3 more accessible to everyone.”
The Aventurine proto-mainnet introduces delegated staking contracts, which can be tested by validators and include support for liquid staking. Alongside the launch of Zilliqa 2.0 mainnet in the Agate release, a new staking portal will be launched that will allow anyone to earn rewards for securing the network.
Commenting on the launch of the Aventurine proto-mainnet, Zilliqa Head of Research Zoltan Fazekas, said:
“This release signifies an exciting milestone on the road to Zilliqa 2.0, delivering the final test network ahead of our mainnet launch. The proto-mainnet lays the groundwork for full mainnet migration and offers developers, validators, and stakers a chance to experiment with the Zilliqa 2.0 protocol.”
Many validators have already begun onboarding, as shown by Zilliqa’s recent partnership with LSP, a staking project with major reach in Asia, which will operate a validator node on the network and give its community access to the exciting staking opportunities offered by Zilliqa 2.0.
Developers and stakers are also encouraged to explore Aventurine as they ready themselves to build and stake on the next generation of Zilliqa’s blockchain technology.
Learn more on the Zilliqa roadmap website and read the developer documentation to start building on Zilliqa 2.0.
About Zilliqa
Zilliqa is the industry-recognised layer-1 blockchain founded in Singapore in 2018. The blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors including luxury and entertainment, providing a robust platform for emerging startups and established enterprises alike.
The next evolution of the network, Zilliqa 2.0 offers a user-centric and customisable layer 1 infrastructure designed to drive the mass adoption of Web3. Currently rolling out testnet deployments with mainnet launch planned for Q4’2024.
For more information, visit roadmap.zilliqa.com.
About Author
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
Unk Da Chef Releases New Hit Single “Cherry Trish”
“Cherry Trish”, Unk Da Chef’s most recent song, marks his return. His reputation as one of the most genuine voices in hip hop is further cemented by this record, which exemplifies his distinctive fusion of honesty and flexibility. The track highlights the resilience and struggles that make Unk’s music relatable, celebrating both the grind and the triumphs. Check out Unk Da Chef’s new hit single “Cherry Trish” out now on YouTube and be sure to follow him on social media for his latest releases.
Connect:
Instagram: @unk_da_chef
TikTok: @unk_da_chef
Twitter: @unk_da_chef1
About Author
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
Help Support a Struggling Single Dad Facing Financial Hardship and Home Foreclosure
[Hazlet, NJ United States] – A heartfelt plea has emerged from Dave, a devoted single father, who is facing an overwhelming battle with financial hardship and the threat of home foreclosure. In a community filled with compassion and generosity, Dave urgently needs support to stabilize his life and ensure his children have a safe place to call home.
Dave, a dedicated single dad, has spent years caring for his children while navigating the challenges of providing for their well-being on his own. However, due to unforeseen financial struggles, Dave now finds himself at risk of losing his home. The mounting medical expenses and daily living costs have become insurmountable, leaving him in a desperate situation.
Dave’s GoFundMe campaign, titled “Help Support a Struggling Single Dad Facing Financial Hardship and Home Foreclosure,” aims to raise funds to cover essential expenses such as rent, medical bills, and other critical living costs. Every contribution, no matter how small, can make a life-changing impact, providing Dave and his family the stability they desperately need.
Your Support Can Make a Difference
The campaign, launched with the hope of securing a future for Dave and his children, is more than just a fundraiser—it’s a call to action to come together as a community. “The financial strain has become overwhelming, but I believe in the kindness of others,” said Dave. “With your support, I can keep my family together and provide a secure future for my children.”
Dave’s story resonates with countless others who face similar struggles, and the goal of this campaign is to spread awareness and mobilize support from compassionate individuals who are willing to make a difference. Whether through a donation or sharing the campaign with others, everyone can contribute to Dave’s journey toward stability and hope.
Get Involved and Make a Difference
To learn more about Dave’s story and contribute to his GoFundMe campaign, please visit: https://gofund.me/b63a3ee5
Let’s stand together and support Dave as he fights to overcome these difficult times. Every donation counts, and every act of kindness brings him closer to the stability he and his family deserve.
Thank you for your generosity and for helping make a difference in Dave’s life.
Name:- David Engelberg Mail;- mathewdeyanju716@gmail.com
About Author
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
CitizenX Launches Real Time Millionaire Migration Dashboard
Zug, Switzerland, 22rd Dec 2024 — CitizenX announced today the launch of Capital Exodus, the world’s first dashboard tracking real time wealth inflows and outflows caused by millionaire migration—high-net-worth individuals who change their residency or citizenship and move countries, taking their capital with them.
CitizenX, the Swiss citizenship by investment platform, introduced today the Capital Exodus: an innovative dashboard offering unparalleled insights into how economies worldwide are impacted when high-net-worth individuals (HNWIs), centi-millionaires, and billionaires relocate across borders, with amounts normalized and tracked in USD and BTC to provide standardized comparison across markets.
This tool leverages advanced predictive analytics to highlight how policy changes, income tax rates, and tax regimes impact wealthy individuals’ mobility.
In recent years, significant trends have been observed across major markets including China, Singapore, and Australia, with particular focus on emerging economies like India, Russia, and Brazil.
This innovative dashboard provides comprehensive coverage of established financial centers such as Switzerland and Hong Kong, as well as tracking significant outflows from the top countries like the United Kingdom, while also monitoring new country destinations and the dramatic rise of the USA, the United Arab Emirates (UAE), Singapore, and Saudi Arabia as leading destinations for wealth, alongside established centers like Monaco.
The platform’s investment migration analysis reveal fascinating patterns in the number of millionaires moving across major economies, with China experiencing the largest outflows while the United States shows substantial gains. Japan and South Korea have seen shifting trends, while in Southern Europe, several countries have emerged as significant wealth destinations, with Italy, Greece, and Portugal all showing positive inflows. Meanwhile, India, Russia, and South Africa have experienced notable net outflows of high-net-worth individuals seeking new opportunities abroad. The dashboard also tracks substantial gains in other markets, with Canada and Australia proving attractive to global investors, alongside growing interest in Caribbean citizenship by investment programs.
Since the pandemic in 2020, the Capital Exodus has accounted for these dramatic shifts in wealth migration patterns, with destinations like New Zealand attracting investors due to their highly-rated healthcare systems. The platform has also tracked wealth displacement due to major geopolitical events, such as the situation in Ukraine, providing valuable insights into how global events influence high-net-worth individual migration decisions across key markets.
In an industry-first, Capital Exodus analyzes how entrepreneurs, investors, and wealthy migrants are responding to different tax rates and business opportunities across different regions of the world, with a major focus on Asia and Europe.
The data underpinning the Capital Exodus dashboard comes from Inevitable Insights, an independent global wealth intelligence firm and think tank based in Dubai. The sophisticated technology and in-depth insights account for real estate transactions and investment flows among others, providing actionable intelligence about wealth movement trends between established and emerging economies. The system pays particular attention to trends in investment migration programs and their impact on global wealth distribution. This ensures users have access to reliable data about global wealth movements, whether they’re tracking outflows from traditional financial hubs or inflows to new golden visa markets like Greece and Portugal.
“The net flow of high-net-worth individuals is a leading economic indicator,” said Alex Recouso, co-founder and CEO of CitizenX. “HNWIs have the skin in the game, liquidity, and mobility to respond to policy changes by voting with their wallets and their feet.”
The sophisticated reporting capabilities include in-depth reports of how new policy decisions, such as Trump-era tax reforms and proposed exit taxes continue to influence global wealth movements. It also tracks how recent regulatory changes in various jurisdictions affect investment migration patterns and wealth management strategies.
Marc Andreessen, a noted venture capitalist, recently said on X, “If you want to fix a broken system, you have to pull money OUT, not put more money IN. If you put more money IN, the system interprets it as a reward and uses the money to become even more broken. We get this for businesses. We forget it for nonprofits and governments.”
The Capital Exodus dashboard stands out for its comprehensive coverage of global wealth migration patterns, offering users detailed insights into both macro trends and regional specificities. The platform enables users to analyze how different factors – from tax policies to investment opportunities – influence the decisions of wealthy individuals and families worldwide.
The tool features detailed analytics on private wealth migration and wealth management trends. Users can access comprehensive views on how high-net-worth migrants impact various markets, supported by real-time predictive data on investment flows and economic indicators. The system also provides valuable insights into the relationship between investment migration programs and economic development in recipient countries.
CitizenX plans to expand its capabilities to include more granular analysis of regional wealth movements and their economic impacts. This expansion will provide even deeper insights into how global wealth flows shape economic development and investment opportunities across different regions.
For additional information about Capital Exodus and its capabilities in tracking global wealth movements, please visit citizenx.com/exodus.
About CitizenX
CitizenX is a pioneering firm based in Switzerland, focused on creating innovative citizenship investment solutions. By leveraging state-of-the-art technology, Swiss engineering, and Concierge service, CitizenX provides valuable insights that empower individuals and families to make informed decisions about their passport portfolios. For more information, visit citizenx.com.
Media Contact
Organization: CitizenX
Contact Person: Alex Recouso
Website: https://citizenx.com
Email: hello@citizenx.com
Contact Number: +141417111366
Address: c/o MJP Partners AG Bahnhofstrasse 20
City: Zug
State: Zug
Country: Switzerland
Release Id: 23122421805
The post CitizenX Launches Real Time Millionaire Migration Dashboard 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.
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