Press Release
Bitcoin in One Second: CAT’s WebChain Poised to Redefine Cryptocurrency Transactions
Bitcoin’s slow transaction speeds are about to become a thing of the past. CAT, a cutting-edge tech company led by CEO Bruce Cava, has unveiled plans to launch WebChain, a groundbreaking blockchain system capable of executing Bitcoin transfers in just one second. Set for release in late 2024, WebChain’s advanced OT-OCN architecture can process an unprecedented 15 million transactions per second, addressing Bitcoin’s inefficiencies while enhancing security. With real-time transfers, asset recovery features, and applications ranging from smart cities to AI, WebChain is poised to revolutionize cryptocurrency and redefine blockchain technology.
Bitcoin, the world’s first cryptocurrency, is set to overcome its long-standing reputation for slow transaction speeds. CAT, a leading American internet technology company spearheaded by CEO Bruce Cava, has announced plans to introduce a revolutionary blockchain system capable of executing Bitcoin (BTC) transactions in real time. This groundbreaking technology, named WebChain, is expected to launch in the latter half of 2024, signaling a transformative shift for cryptocurrency efficiency and security.
CAT Unveils Game-Changing Plans
Tackling Bitcoin’s Speed and Security Challenges
On December 17, CAT’s Vice President Lee Dong-wook shared the company’s ambitious roadmap to integrate Bitcoin’s API with its proprietary WebChain blockchain, which already powers the QCAT Coin cryptocurrency. “Our target is to enable real-time Bitcoin transfers via WebChain wallets by August or September 2024, or at the latest, by year’s end,” said Lee. The announcement has generated significant buzz in the tech and cryptocurrency communities, with experts hailing it as a potential game-changer for Bitcoin adoption.
Bitcoin’s decentralized nature has fueled its explosive growth, with daily transaction volumes now reaching an estimated 45 to 48 trillion KRW. However, its transaction confirmation times—averaging 30 to 40 minutes—remain a significant drawback. These delays not only waste time but also expose users to increased security vulnerabilities.
WebChain is positioned as a solution to these issues. Built on an advanced Java-based OT-OCN (Operation Technology-Operation Centric Network) framework, the platform promises unparalleled efficiency and security, handling an astonishing 15 million transactions per second (TPS). “This achievement is as significant as Satoshi Nakamoto’s creation of Bitcoin’s Genesis Block in 2009,” remarked Lee.
The Technology Behind WebChain
Revolutionary OT-OCN Framework
WebChain’s architecture is a departure from the traditional Internet’s TCP/IP protocol, emphasizing operational efficiency and robust security. Unlike address-based systems, WebChain operates on a name-based framework, drastically reducing the risk of hacking and enabling seamless data transmission regardless of bandwidth constraints. This makes it a viable backbone for applications ranging from IoT devices to smart city infrastructure.
Why Java?
While WebChain uses Java-based technology, it bears no relation to JavaScript, the common language for web development. The term “Java” was chosen for its brand resonance, reflecting the platform’s innovative approach to optimizing blockchain functionality.
Unmatched Performance and Security
Speeding Past Bitcoin’s Limitations
Bitcoin’s current transaction speed of just seven TPS pales in comparison to WebChain’s capabilities, which can process up to 15 million TPS. Remarkably, the system becomes even more efficient as network activity increases, making it ideal for scaling cryptocurrency usage globally.
Recovering Lost Digital Assets
Another standout feature of WebChain is its path-tracking functionality, allowing users to recover assets lost due to private key mismanagement. This capability sets a new standard for blockchain security and reliability, addressing a common pain point for cryptocurrency users.
Expanding Blockchain’s Horizons
WebChain’s technological prowess extends far beyond Bitcoin. Its high-speed and high-security architecture positions it as a versatile platform for various industries. From powering smart cities and facilitating international remittances to enhancing payment systems and supporting AI-driven applications, WebChain is poised to redefine the possibilities of blockchain technology.
Paving the Way for the Future of Blockchain
The advent of real-time Bitcoin transfers marks a pivotal moment in blockchain history. As artificial intelligence and data-intensive technologies continue to evolve, WebChain’s robust OT-OCN foundation offers a scalable, secure, and seamless solution for modern digital economies. This innovation could set a new benchmark for blockchain performance, boosting adoption across industries and user bases.
With CAT’s visionary approach, Bitcoin is not only addressing its limitations but is also pioneering a more efficient and interconnected future for cryptocurrencies. WebChain’s launch promises to catalyze a transformative shift, revolutionizing blockchain technology and paving the way for a faster, safer, and more adaptable digital economy.
Media Contact
Organization: QCAT
Contact Person: Bruce
Website: https://smartcat.tech/
Email: Send Email
City: California
Country: United States
Release Id: 27122421998
The post Bitcoin in One Second: CAT’s WebChain Poised to Redefine Cryptocurrency Transactions 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
Gamerge Officially Launches: Revolutionizing Play-to-Earn Gaming in the Web3 Era!
Gamerge, an innovative Play-to-Earn (P2E) GameFi platform, proudly announces it’s official launch on December 15th 2024. This cutting-edge platform is designed to revolutionize the gaming industry by merging entertainment with real-time cryptocurrency earnings, offering a transparent and user-focused ecosystem in the Web3 era.
Gamerge introduces a platform that puts players first, enabling them to earn real crypto rewards through immersive and competitive gameplay. By offering a transparent and trusted environment, Gamerge empowers users to monetize their gaming skills in exciting new ways. Players can participate in Versus matches and Tournaments to unlock higher reward potential while enjoying a seamless and engaging experience.
At the heart of the platform lies the Gamerge Token (GMG), supported by a unique 100% token-burning mechanism. This deflationary model ensures long-term value for token holders, setting Gamerge apart in the rapidly growing GameFi space. In a move to enhance accessibility, Gamerge is also available as a mini app on Telegram under the name @Gamerge_bot. This integration makes it incredibly simple for players to access the platform and start earning on the go, expanding its reach to Telegram’s global user base.
Gamerge leverages advanced blockchain technology to support multi-chain functionality and allow earnings in multiple cryptocurrencies. This flexibility ensures inclusivity and accessibility for gamers across diverse ecosystems, making it easier than ever to participate in Web3 gaming.
Community engagement is a cornerstone of Gamerge’s mission. The platform features an innovative Refer & Earn program, which rewards users for introducing new players to the ecosystem. This initiative fosters loyalty and growth within the Gamerge community, ensuring an interconnected and vibrant player base.
Gamerge is making a significant impact by collaborating with leading giants in the gaming and crypto industries, paving the way for exclusive opportunities and rewards for its users. These strategic partnerships highlight Gamerge’s commitment to innovation and its position as a trailblazer in the GameFi domain.
Explore the next generation of gaming and start earning real crypto today. Visit http://gamerge.ai/ to learn more.
About Gamerge
Gamerge is a user-centric Play-to-Earn GameFi platform designed to create a transparent and trusted gaming ecosystem. With unique tokenomics, multi-chain support, and a focus on community engagement, Gamerge is redefining the gaming landscape in the Web3 space.
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
2024 International Short Video Competition Breaks New Ground in Global Audio-Visual Communication
The 2024 International Short Video Competition has successfully concluded its call for submissions. As of November 30, a total of 4,452 works were submitted, with creators from 60% of the countries and regions worldwide. The total exposure of related topics across the internet has surpassed 1.5 billion views.
This year’s competition featured a series of promotional activities reaching international campuses across the globe, with efforts expanding into markets in Asia, Europe, North America, and other regions. These activities have greatly enhanced the international exchange and cooperation in the film and television industry, significantly boosting global audio-visual influence. Notable progress was made in international communication and overseas promotion, with three key achievements standing out:
Firstly, a diversified international communication channel has been established. By inviting individual creators, bilingual bloggers, domestic and international audiovisual production and broadcasting institutions, film and media schools, as well as renowned influencers and talent agencies from around the world, the competition has attracted creative talents from various fields and levels. This includes significant participation from overseas universities, international students, and others, effectively capturing the attention and influence of the youth demographic. As a result, a large number of works with diverse formats and topics have been collected.
Secondly, a comprehensive cultural exchange platform has been established. Relying on international campus promotional activities, the competition has provided overseas students and foreign youth with opportunities to gain a deeper understanding of both Chinese and foreign cultures and international exchanges, thus sparking their creative inspiration. During the promotional events at KyungHee University, Rangsit University, and the University of Barcelona, students expressed strong interest in the overseas competition themes. Many of them stated that they would create works in creative formats such as Vlogs, animations, and documentaries. This promotional opportunity has also ensured the quality of the competition submissions.
Thirdly, an efficient overseas communication model has been expanded. By fully leveraging the experience gained from organizing the competition, the influence of various platforms has been activated. Through showcasing stories of Sino-foreign friendship, cultural differences, and win-win cooperation opportunities, as well as the concept of a shared human destiny from a Z perspective, the competition has established a distinctive international audio-visual brand image using abundant overseas resources. Prior to the promotional events, the release of information about the overseas competition attracted the attention of international creators and subscribers, creating a favorable atmosphere for offline promotional activities. From “cloud” to reality, the progressive promotion of Sino-foreign audio-visual works’ international communication has facilitated cultural exchange through enjoyable audio-visual experiences.
The international campuses have brought together students from different countries and regions, inspiring each other through their creative work and fostering a deeper understanding and respect for different cultures. By participating in and promoting the competition, students are able to further develop their short video creation skills, cross-cultural communication abilities, and awareness of international communication. With the perspective and creativity of international students, the competition has unearthed a batch of short video works that are more in tune with international audiences and easier to understand and accept. These works effectively showcase the charm of Sino-foreign cultures and the achievements of social development, enhancing the competition’s international appeal and influence.
In addition to reaching universities in South Korea, Thailand, Spain, and Russia, the international youth exchange roadshow is still ongoing. Although the submission phase has ended, the journey of Sino-foreign cultural exchange continues. With innovative communication formats and strengthened cultural identity, the 2024 International Short Video Competition is still on the way!
Media Contact
Company Name: Shandong Running Shell Culture Media Co., Ltd.
Contact Person: Sun Ke
State: Shandong Province
Country: China
Website: https://isvc2024.e.cn.vc/Registration
Email: sunke@gufumedia.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
Marcella Named America’s 7th Fastest-Growing Fashion Brand By The 2024 Inc. 5000
Ranking On The List For The Third Straight Year, Marcella Ranks No. 577, Overall, Among The U.S.’ Fastest-Growing Private Companies.
NEW YORK, NEW YORK, United States, 27th Dec 2024, – Marcella, a mission-driven, ethical and sustainable designer fashion brand, has been ranked as the 7th fastest-growing fashion brand in the U.S. on the recently announced 2024 Inc. 5000 list, the most prestigious data-driven ranking of America’s fastest-growing private companies. Achieving 780% growth from 2020 to 2023 with minimal outside investor capital, Marcella also ranked on the list as America’s 44th fastest-growing consumer products company and as America’s 577th fastest-growing company, overall. Moreover, Marcella ranked as the fastest-growing retailer in New England (where it is headquartered) for the past three years.
Founded by husband-and-wife duo Siyana and Andy Huszar, Marcella’s “minimalism with an edge” clothing, shoes and accessories are designed in New York and handcrafted in Europe. Core to the brand’s DNA is a commitment to advancing women and girls across the brand’s every aspect (design, production approach, sustainability, and social impact).
“Being ranked as America’s 7th fastest-growing fashion company is a testament to our incredible team and the uncompromising passion we bring daily to revolutionizing fashion for the benefit of women and girls globally,” said Siyana Huszar, Co-founder and Chief Creative Officer of Marcella.
Marcella takes a holistic approach to sustainability that not only drives its mission but its profitability. The brand’s innovative “just-in-time” production model minimizes the global fashion industry’s typical inventory waste, enabling Marcella to sell over 90% of what it makes at or near full price and dramatically reducing the company’s ecological footprint. This efficiency results in exceptional capital savings and enables Marcella to be ethical, sustainable and socially impactful in its approach. Its original, designer essentials have a superior price-to-quality ratio. Every individual involved in the production of any Marcella piece enjoys a truly living wage, generous benefits and free health care. And, for every order Marcella sells, the company supports three days of school for a marginalized girl around the world in partnership with CAMFED, the celebrated global NGO revolutionizing how girls’ education is delivered.
“To think that Marcella has been able to profitably achieve such ongoing growth while mainly bootstrapping is humbling,” added Andy Huszar, Co-founder and CEO of Marcella. “We’re honoured to be recognized by the Inc. 5000 for the third straight year and excited to continue delivering ethical, sustainable and socially impactful fashion within reach.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. “Congratulations to this year’s honorees for growing their businesses fast despite the economic disruption we all faced over the past three years,” commented Mike Hofman, Inc. editor-in-chief.
About Marcella
Marcella is a mission-driven, omnichannel women’s fashion brand offering designer essentials within reach. NYC designed and European handcrafted from locally sourced fabrics and trims, Marcella fashions itself as ethical, sustainable and socially impactful, where every major facet of the company’s operation benefits one central mission: advancing women and girls globally. At the heart of this approach is a partnership with CAMFED, the celebrated global NGO revolutionizing how girls’ education is delivered. Since 2021, Marcella has supported over 910,000 school days for needy girls.
Contact: andy@marcellanyc.com
Website: www.marcellanyc.com
Instagram: www.instagram.com/marcellanyc
More about the Inc. 5000
Based on financial data analysis, the 2024 Inc. 5000 ranked companies according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
Media Contact
Organization: Marcella
Contact
Person: Andy Huszar
Website:
https://www.marcellanyc.com/
Email:
andy@marcellanyc.com
Contact Number: 16468605689
City: NEW YORK
State: NEW YORK
Country:United States
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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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