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Bitcoin in One Second: CAT’s WebChain Poised to Redefine Cryptocurrency Transactions

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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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Press Release

Gas South: Powering Vietnam’s Energy Growth with 24 Years of Leadership in LPG, CNG, and LNG Solutions

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Gas South distinguishes itself as one of the few enterprises capable of simultaneously providing LPG, CNG, and LNG directly to consumers. Flexible, comprehensive, and customisable services, an extensive distribution network, equipment that meets both international and Vietnamese standards, and a dedicated, experienced, and highly skilled workforce distinguish the company’s offerings. Over 24 years of development, Gas South has established a reputable brand in the energy sector, supplying fuel across diverse industries, including residential, industrial, and transportation sectors, thereby earning the trust and partnership of its esteemed clientele.

Dominating the Residential LPG Market in Southern Vietnam

Gas South has consistently maintained its leading position in supplying bottled gas in Southern Vietnam through six brands: PV Gas, VT Gas, AGas, Dang Phuoc Gas, JP Gas, and Dak Gas. Consumers have recognized the company’s products as high-quality Vietnamese goods for many years.

Gas South’s extensive distribution network, spanning from Ca Mau to Nghe An, is responsible for this success. This network includes four warehouses with a total capacity of 8,100 tonnes, 17 filling stations with a total capacity of nearly 20,000 tonnes per month, over 1,300 agents and general agents, and the largest gas cylinder manufacturing plant in Vietnam, with an annual capacity of 1 million cylinders. This comprehensive supply chain enables Gas South to remain proactive and resilient in a highly competitive and volatile market.

Figure: Distribution of Gas South’s LPG Filling Stations

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Figure: Gas South’s Bottled Gas Brands

Developing A Robust Gas-fuelled Supply Chain For Industrial Applications

In addition to residential LPG, Gas South supplies industrial products, including LPG, CNG, and LNG. 

Compared to traditional fuels such as coal and oil, gas products like LPG, CNG, and LNG exhibit superior characteristics: they are cleaner, emit lower levels of pollutants, have higher thermal efficiency, and provide a stable supply at competitive prices. These attributes make them suitable for industrial production during the transition to green and clean fuels. Therefore, we anticipate that many foreign investors in Vietnam, seeking a stable and low-emission fuel source for their industrial manufacturing facilities, will favor this fuel.  Global trade in LNG, in particular, plays a crucial role in ensuring energy security for numerous countries. Notably, in July 2023, Vietnam imported its first LNG shipment for electricity and industrial production.

Recognizing market trends and aiming to diversify supply sources, GasSouth has proactively installed LNG stations alongside its existing CNG/LPG infrastructure, thereby ensuring a stable and cost-optimized fuel supply for its customers. 

For industrial fuel, Gas South has established a complete supply chain, allowing customers to select suitable products and services, from transportation to investment in the construction and operation of gas supply stations.

A group of trucks parked in a parking lot

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Figure: Integrated LPG, CNG, and LNG Supply Station at Gas South’s Client

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Figure: Gas South’s LNG Transportation Tanker

Gas South, which started its operations in 2000 with LPG products and started supplying CNG in 2009, now serves a wide range of industrial customers in the Eastern and Western provinces of Southern Vietnam. These regions include Bà Rịa Vũng Tàu, Đồng Nai, Bình Dương, Ho Chi Minh City, and Long An, focusing on industries such as building materials (steel, bricks) and electronics. Notable clients include prominent companies such as Nam Kim Steel, VinaOne Steel, TVP Steel, Sojitz Vietnam, Thach Anh Tiles, and Samsung Electronics HCMC. In accordance with its strategic plan, Gas South aims to expand its market to the Central and Northern provinces in the near future.

The sole provider of CNG for buses in Ho Chi Minh City

Beyond serving residential and industrial needs, Gas South supplies CNG fuel for transportation. With three CNG filling stations for buses, Gas South is the exclusive provider of CNG for over 500 CNG buses in Ho Chi Minh City, thereby contributing to a cleaner urban environment.

Figure: CNG Filling Station for Buses by Gas South

Operating under the principles of safety, quality, and efficiency, Gas South continuously enhances its product and service quality. The company places a high value on gratitude and harmony with its customers and partners through various supportive policies and unique bonding programs. Gas South extends an invitation to join in this journey toward a sustainable and energy-efficient future.

Gas South – Leading Gas Fuel Supplier in Vietnam – LPG, CNG, and LNG

Fanpage: https://www.facebook.com/GasSouthJSC 

For more information please visit our website: https://pgs.com.vn/

Media Contacts:

Name: TUAN KIET PHAM (Mr.)

Company name: SOUTHERN GAS TRADING JSC

Website: https://pgs.com.vn/

Email: lienhe@pgs.com.vn

Phone: (+84.28) 3910 0108 – 3910 0324

Address: 4th Floor, PetroVietnam Tower, 1-5 Le Duan, Ward Ben Nghe, District 1, Ho Chi Minh City

SOURCE: SOUTHERN GAS TRADING JSC

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Press Release

The Beatitudes: Living Out the Heart of Christ by Prasanth Jonathan is now available worldwide

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Renowned Christian author and pastor Prasanth Jonathan  announce the global release of his  book, The Beatitudes: Living Out the Heart of Christ. Now available worldwide on Amazon, the book comes in Kindle, paperback, and hardcover formats, offering readers an opportunity to engage deeply with the timeless teachings of Jesus Christ.

This book offers exploration of the Beatitudes as presented in Jesus’ Sermon on the Mount (Matthew 5:1–12). Each chapter unveils the richness of these teachings, unpacking how they reflect the character of Christ and serve as a roadmap for Christian living. By delving into virtues such as humility, meekness, mercy, and peacemaking, the author provides an inspiring guide for those seeking spiritual renewal and personal transformation.

The book stands out for its ability to combine theological depth with practical relevance. It emphasizes how the Beatitudes are more than lofty ideals—they are attainable virtues through the grace of God. Readers are invited to reflect on their own spiritual journey, as each teaching is presented in an accessible way with real-life applications. Prasanth Jonathan’s heartfelt insights, coupled with his pastoral experience, provide a unique perspective that resonates with believers at every stage of their faith walk.

What sets this book apart is its timeliness and relevance. In a world marked by division, unrest, and moral uncertainty, The Beatitudes: Living Out the Heart of Christ offers a message of hope and guidance. It calls readers to embrace a life of integrity, compassion, and faithfulness, embodying the heart of Christ in a way that can inspire both individuals and communities. The inclusion of vivid biblical examples, personal stories, and reflections ensures the book’s message is both relatable and deeply impactful.

The Beatitudes: Living Out the Heart of Christ is available on Amazon in Kindle, paperback, and hardcover formats. Readers can purchase their copy today by visiting Amazon Link.

India : https://amzn.in/d/gsPNwS8
Canada: https://a.co/d/07BnAnb
USA: https://a.co/d/1i1D8xh
UK: https://amzn.eu/d/cbwrt3q
UAE: https://amzn.eu/d/i7XOJKZ

For additional insights about the author and his work, including updates on future projects and speaking engagements, visit his official website at www.prasanthjonathan.com.

Prasanth Jonathan is a seasoned pastor, writer, and speaker who has dedicated his life to serving God and helping others grow in their faith. Since surrendering his life to Christ in 1993, he has inspired countless individuals through his ministry and writings. His ability to combine deep theological truths with practical wisdom makes him a trusted voice in Christian literature.

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Saudi Arabia’s biggest budget airline flyadeal appoints Bookme as key travel partner

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Lahore, Punjab, Pakistan, 27th Dec 2024 – Pakistan’s leading digital travel platform Bookme has become the first and only Pakistani platform to integrate flyadeal, Saudi Arabia’s fast-growing low-cost airline, into its system as the carrier prepares to launch flights from Pakistan to Riyadh and Jeddah.

 

Aligned with Bookme’s partnership with the Saudi Tourism Authority, this integration offers affordable flight options and a seamless booking experience for flights to Saudi Arabia and inside the Kingdom, using both local and international payment channels.

Passengers can book domestic services within Saudi Arabia as well as the new Pakistan route flights beginning 2nd February 2025 using transactions in Pakistani Rupees to avoid foreign transaction fees.

This move will benefit both the Pakistani travellers and expatriates in the Kingdom of Saudi Arabia, enhancing their convenience and affordability. flyadeal is known for its value for money, everyday low fares.

Faizan Aslam, CEO of Bookme, said: “By integrating flyadeal, we continue our mission to simplify travel for Pakistanis heading to Saudi Arabia. This is also part of our commitment to Saudi Vision 2030, as we expand our partnerships across the Kingdom. flyadeal’s entry into Pakistan with new flights starting soon is a great news for travellers and we look forward to being close partners with flyadeal in their success story out of Pakistan.”

Steven Greenway, flyadeal Chief Executive Officer, said: “flyadeal is delighted to welcome Bookme as a key travel partner in Pakistan, a market where there’s huge demand for travel to Saudi Arabia and within the Kingdom. Our new Karachi flights  serving Jeddah and Riyadh are a stepping stone for further planned expansion in Pakistan.”

Bookme’s vast reach and local payment options make travel between the two countries more cost-effective and streamlined. Click here to explore tickets to and within Saudi Arabia in Pakistani Rupees. The inventory is available on Bookme.pk, its app, partner platforms, and Bookme.sa.

Operating from bases in Riyadh, Jeddah and Dammam, flyadeal serves almost 30 domestic and international year-round and seasonal destinations in the Kingdom, Europe, Middle East and North Africa. Significant international expansion is planned in 2025 with Pakistan being the airline’s first market in South Asia.

flyadeal’s extensive domestic network covers 16 destinations. Aside from its three Saudi gateway cities, flyadeal serves Abha, Al Bahah, Al Hofuf, Bisha, Gizan, Hail, Madinah, Neom, Qassim, Tabuk, and Taif, with Najran and Yanbu being added to the network from 1 January 2025.

About Bookme: Bookme is Pakistan’s first and largest all-digital travel and ticketing platform, serving over 14 million users. With integrations across 20+ banks, fintech platforms, and super apps, it offers a wide range of travel, entertainment, and ticketing services. Now expanding into the Saudi market with www.bookme.sa For more information, visit www.bookme.pk.

About flyadeal:
On 23 September 2017, National Day of the Kingdom of Saudi Arabia, flyadeal began operations with its historic maiden flight from Jeddah to Riyadh. A pioneer and innovator, flyadeal was the first regional low-cost airline to be launched only across digital distribution channels. Since day one, over 30 million passengers have flown with flyadeal.

Media Contact

Organization: Bookme

Contact Person: Muhammad Taimoor Ali (C.O.O – Bookme)

Website: https://bookme.pk/

Email: taimoorali@bookme.pk

City: Lahore

State: Punjab

Country: Pakistan

Release Id: 27122421965

The post Saudi Arabia’s biggest budget airline flyadeal appoints Bookme as key travel partner 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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