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The Innovation of LikeLib 2.0 Redefines Public Chain Technology

Published

4 years ago

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LikeLib is a community-based open source blockchain project that uses blockchain technology and digital identities to digitize and informatize assets; use smart contracts to automatically manage assets and information to achieve a diversified network of “smart economy”.

The ecosystem joins the major communities around the world to participate, and is committed to linking all with an open mind, thus building a decentralized network that can expand and achieve multi-party collaboration and win-win in real business society.

LikeLib public chain team leader Mr. Thierry, operations director DIma, and technical general counsel Ms. Olga. All of them have very strong technology and business background.

LikeLib’s core members include Technical Director Mr. Renia, Mr. Yevgeny, Technical Director Daniel, Software Engineer Oleg, Sergey, Dennis, Business Analyst Mr. Andre, Ms. Tania and the community technology development team Ms. Julia Palamarchu, Maksim Hryhoryeu, Daniel Harapko, Anre Ku, Alexey Nekrasov, Alex, etc. have many years of experience in relevant positions in Dublin internationally, as well as abundant professional knowledge and skills.

Some ecological applications of LikeLib blockchain include:

1. The best solution (Biteacon)

Biteacon is a browser that interacts with the LikeLib ecosystem, which can help users explore other network-related information such as its blockchain and transaction volume.

2. The best smart contract (Supplike)

Supplike is a platform with built-in embedded supply chain builder based on LikeLib blockchain. With the built-in builder, you can easily design and deploy the supply chain, assign roles and use it easily, and create code-free solutions for the supply chain through mobile apps.

3. The best solution (LikeLib Analytics)

LikeLib Analytics is the LikeLib blockchain browser and analysis platform, indexing all blockchain data through the big data pipeline and disclosing data and indicators through API and WEB applications.

On this basis, the “blockchain + edge computing” IoT management system, the research of the electronic degree certificate management method of the alliance chain, relay cross-chain technology, channel state differential information vital signs detection algorithms, research on people counting methods based on WiFi perception, Internet of Things architecture for electrical fire monitoring of ancient buildings based on edge computing, and multi-field and interdisciplinary expert selection algorithms for multiple project ecology and algorithm system applications have been successfully developed in the LikeLib public chain main network.

LikeLib 2.0 provides a more secure and stable blockchain service, which covers data connections, hybrid storage, cross-chain technology and other core modules with independent intellectual property rights, which can quickly build solutions for typical application scenarios.

The newly-released 2.0 system will not only reduce transaction program fees, but will also cause block chain replication forks and increase transfer transactions. The average transaction value can be allocated between operational interruptions. Compared with the previous version 1.0, the transaction volume has steadily increased to 10,000 transactions per second, and the transaction speed is about 10,000 TPS.

In terms of supporting smart contracts, interchangeable consensus mechanisms and distributed storage networks, the blockchain consensus mechanism can be replaced according to different factors (such as transaction volume), and a distributed storage network based on IPFS can store a large amount of data outside the chain.

LikeLib2.0 fully uses database fragmentation technology. Only a small part of the input transactions need to be processed, and a large amount of verification work can be completed through other conventional parallel processing on the network.

LikeLib uses Bridges technology, which is a blockchain interoperability technology specifically used to make the LikeLib ecosystem cross-chain compatible with external blockchains (such as Ethereum).

LikeLib cross-chain bridge technology allows cross-chain assets and information exchange between the main network and each project ecosystem, like the axis connecting various islands. The LikeLib blockchain network realizes cross-chain through bridges, which greatly promotes the large-scale assets of ecological projects such as Bitcoin and Ethereum, and the real market liquidity of information. The advantages include multi-signature technology/ring signature technology/hash locking technology.

In addition, LikeLib2.0 also uses Lightning Network transactions and zero-configuration transaction channels.

The existing hosting solutions on the Lightning Network only manage their users’ funds on one or a few, and they will not use one channel with each user. Instead, keep an internal private ledger to record when the funds belong to the user.

Earlier we mentioned the ring signature technology in the LikeLib2.0 cross-chain bridge. The ring signature is named because a certain parameter implicit in its signature is composed according to certain rules. Many of the schemes proposed later do not require the structure of the signature to be a ring, as long as the formation of the signature satisfies the spontaneity, anonymity and group characteristics, it is also called a ring signature.

The security of the ring signature technology scheme is quite high, such as: unconditional anonymity, unforgeability, unconditional anonymity of the signer, and the signer can freely specify his own anonymity range, forming a beautiful ring logic structure, which can realize group signatures The main function of but does not require trusted third parties or group administrators.

Ring signature is a special group signature. There is no trusted center and no group establishment process. For the verifier, the signer is completely anonymous.

Theoretically, zero-knowledge proof can prove something to everyone else without exposing any proprietary, and the generated proof is small in size, the verification cost is very low, and it has nothing to do with the amount of calculation that needs to be proved.

LikeLib2.0 uses the generation algorithm (G) to generate public parameters for the proposition, the proof algorithm (P) to generate the proof of the satisfiability of R1CS, and the verification algorithm (V) to verify the proof and other technical methods and means to finally generate the proof. It can be proved that there is a secret value reset equation satisfied without revealing the secret.

LikeLib2.0’s “decentralized and distributed” technology means that all information is publicly recorded on the “public ledger”, and can only be entered and cannot be modified, so that the complete copy of the blockchain includes each executed action, so About the value belonging to each active address (account).

The overall situation has continued to iterate for thirty years, and only then has today’s prosperity been achieved, and only then has “Internet +”. If you still have confidence in the blockchain, perhaps you should give it more time. The LikeLib2.0 public chain system has already given the blockchain a gratifying answer in 2020.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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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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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

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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