Press Release
Chronicle Adds Euler, Mantle, Nethermind, and ETH Global to its Decentralized Oracle Network, Enhancing Security and Resilience
Chronicle continues to grow its trusted validator network, increasing security of the protocol, while maintaining near-constant gas fees on L1 and L2s.
Zug, Switzerland – 13/09/2024 – (SeaPRwire) – Chronicle, the first oracle on Ethereum and the sole securer of Sky (formerly known as MakerDAO), has announced the addition of Euler, Mantle, Nethermind and ETHGlobal as validators on its decentralized oracle network.
In the Chronicle ecosystem, validators are trusted actors – established protocols or those with proven operational security – that provide data to the oracles. A larger validator set delivers increased security and resilience by making it more difficult for a technical failure or hack to impact consensus and bring down the network.
Like all oracle networks, Chronicle Protocol operates on the trust assumption that no more than 50% of the validators or node operators are malicious. If a bad actor or group were able to control over 50% of the validator nodes, they can manipulate the information the network reports, effectively creating a backdoor into the funds of the DeFi projects the oracle secures.
Commenting on the growing cohort of validators, Niklas Kunkel, Founder of Chronicle, says, “Chronicle is proud to welcome Euler, Mantle, Nethermind, and ETHGlobal to the growing set of industry leaders in our oracle network. This cohort of new validators serves as further proof of Chronicle’s commitment to raising the industry standard for complete data transparency and decentralization by working with the highest quality validators in DeFi to best serve the dApps relying on data from Chronicle’s oracles.”
“Oracles are integral to DeFi; factors such as reputation and trust are key. Chronicle’s approach to developing trust via a validator community of highly reputable industry leaders is something we’re proud to be a part of,” said Michael Bentley, Founder of Euler Labs. “DeFi is stronger when it is collaborative. Creating this opportunity for the industry’s leaders to have a stake in the data network it consumes introduces a new and exciting dynamic.”
This latest cohort of validators joins a growing list of leaders in blockchain already included in Chronicle’s decentralized oracle network, including Sky, Infura, Gitcoin, Etherscan, Gnosis, and others.
Validators are critical to oracle networks, and Chronicle’s unique approach to its validator community introduces a further layer of trust and security to the network via a ‘proof of reputation’ system. As leaders in blockchain, the validators in Chronicle’s decentralized oracle network have proven their ability to run secure infrastructure and positively serve hundreds of thousands of blockchain users. The confidence and trust that users have in these brands is implicit in Chronicle as well as the accuracy of the data the protocol delivers.
Chronicle’s growing validator set is enabled by Scribe, an innovative oracle architecture that utilizes a novel application of Schnorr Signature cryptography. Other oracles depend on the Elliptical Curve Digital Signature Algorithm (ECDSA), which creates a one-to-one relationship between validators and their signature, increasing gas costs to update oracles with each additional validator.
Schnorr is able to compress a scalable set of validators into a super signature that is then verified by ECDSA, maintaining nearly constant gas costs to update the oracles, whilst significantly increasing security.
Scribe addresses two key infrastructural challenges that have faced other oracles: decentralization and cost. By removing the linear relationship between the number of validators and cost that constrains other oracle protocols, Chronicle is delivering more security, more transparency, and more resilience at a near constant price.
The continued growth of Chronicle’s trusted validator set is in line with its vision to bring decentralization and transparency to DeFi, and ensure that many of DeFi’s core stakeholders have a direct stake in the oracle network that powers their protocols.
About Chronicle
Chronicle, the original oracle on Ethereum, is a novel, blockchain-agnostic Oracle solution that has exclusively secured up to $22B in assets for Sky (formerly known as MakerDAO), and its ecosystem since 2017. Chronicle’s mission is to deliver on DeFi’s vision of transparency and decentralization. To solve the tradeoffs between security, decentralization, and cost, Chronicle spearheaded a breakthrough in Oracle network architecture by developing Scribe, an extremely gas-efficient Oracle based on aggregated Schnorr signatures. In doing so, Chronicle is raising the industry standard for Oracles by delivering more security, more transparency, and more resilience, at a lower cost.
About Euler
Euler is a cutting-edge, modular lending platform designed to enhance capital efficiency and flexibility in DeFi. With Euler, users can permissionlessly establish lending markets tailored to their unique needs and preferences. Features like multi-collateral capabilities, aggregated vaults, and oracle freedom enhance user flexibility and streamline risk management.
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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.
UBX to Launch Year-Long Global Tour, Expanding Web3 Horizons
In 2025, UBX will embark on a year-long global tour, covering key cities at the forefront of finance and technological innovation. As a leader in the cryptocurrency and digital asset space, the UBX Global Tour will officially kick off on January 9th in Ho Chi Minh City, marking the start of this highly anticipated annual event.
12 Cities in 12 Months: UBX Global Tour Unfolds
UBX’s global tour will follow a set schedule, with events held on the 18th of each month throughout 2025. After the inaugural stop in Ho Chi Minh City, the tour will visit cities such as Dubai (February 18), Macau (March 18), Bangkok (April 18), Paris (May 18), New Delhi (June 18), Vancouver (July 18), Abuja (August 18), South Korea (September 18), Singapore (October 18), Germany (November 18), and Tokyo (December 18). This series of events will cover twelve major cities, attracting thousands of participants at each stop. Industry leaders will gather to discuss the latest developments and innovations in Web3.
Engaging with Users: Building Stronger Connections
Each event will feature UBX’s latest updates and offer an opportunity for direct interaction with users, enabling the platform to gather valuable feedback and insights. UBX is committed to optimizing its products and services to meet the diverse needs of users worldwide. The global tour not only serves as an essential step in UBX’s global strategy but also as a platform for listening to and engaging with its user base.
Blending Online and Offline to Enhance User Experience
As a platform focused on cryptocurrency asset trading and innovation, UBX uses cutting-edge technologies like zero-knowledge proofs, multi-chain interoperability, and AI to build a secure and efficient system that protects user assets and privacy. By integrating innovative online products with its global offline events, UBX is providing users with secure, efficient, and intelligent trading solutions. This approach aims to foster continued innovation in the crypto ecosystem and enhance the overall user experience.
Promoting Industry Growth: UBX as a Compliant Leader
UBX is not only focused on technological advancements but also on driving the adoption of blockchain technology through its global tour. The tour will provide a vital platform for investors, industry professionals, and blockchain enthusiasts to explore blockchain applications across various sectors, accelerating the growth of Web3. Each event will offer valuable insights and strategic perspectives, contributing to the progress of the cryptocurrency industry. Furthermore, UBX remains committed to compliance, holding multiple financial licenses and solidifying its position as a key player in the global digital asset ecosystem.
In 2025, the UBX Global Tour will cover key Web3 markets, enhancing UBX’s global footprint while promoting the widespread adoption of blockchain technology. UBX invites investors, innovators, and blockchain pioneers to join this global movement, as together they help shape the future of the digital asset industry and usher in a new era of crypto wealth.
UBX Global Tour 2025: Join Us on This Historic Journey!
About UBX
UBX, headquartered on Wall Street, New York, is a global digital asset trading platform licensed in Canada, Australia, and the U.S. Focused on security, transparency, and compliance, UBX serves users across 36 countries with a daily trading volume of over $2 billion.
With cutting-edge technology and robust security, UBX offers spot trading, contracts, and asset management, striving to become a top-5 global digital asset exchange and a leader in secure digital finance.
Website：www.ubx.one
Telegram：https://t.me/UBX_Official
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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
$LEIA token soars 2400% on its first day, showing the market is bullish on casual skill-based gaming in Web3
After raising a record $3M+ in its debut on Gems Launchpad, Leia hits the market today with a remarkable opening. Leia offers a diverse platform for casual gamers entering the crypto space via familiar and accessible mobile games
Limassol, Cyprus — Gems, a community-driven launchpad built around an exclusive investor network, celebrates the success of one of its leading launches: Leia, a Web3 gaming company offering a platform of skill-based mini-games. After securing $3M on Gems Launchpad, Leia meets the market today, itching $0.0195 in its peak on its first day. The initial token price on Gems Launchpad was $0.0001.
Leia Games offers an interactive way to play multiple small but casual games on one platform. Often called the “TikTok of gaming,” Leia features numerous skill-based games that use the same in-game currency. This creates an interoperable ecosystem that draws people in. Leia leverages Gems’s launchpad to expand its “Pikmi” gaming platform, boost its marketing efforts, and conduct alpha testing for its core titles.
Understanding and playing—let alone enjoying—Web3 games, which typically focus on the speculative NFT market and complex play-to-earn mechanics, can be challenging and time-consuming. While a miniscule niche market still exists for these Web3 games, the blockchain-based gaming sector has largely ignored the popularity of the casual mobile gaming sector, which makes up 61 percent of the overall gaming market, reaching a value of more than $130 billion in 2022.
Leia Gems is led by a team of industry veterans from Playtika.com with extensive experience designing successful and engaging mobile titles catered to casual gaming audiences. The team has designed an “Intelligent Matching System” to ensure fair and transparent contests featuring a skill-tracking algorithm that continuously monitors player performances to enforce balanced matches.
Gems Launchpad’s mission is to support projects with the most disruptive potential. Its latest project is NFA Club, a gamified, AI-powered trading app featuring curated insights from key opinion leaders (KOLs). NFA Club’s first private sale funding round on Gems Launchpad began on December 4, and will be raising funds over a series of 12 rounds.
$LEIA will be listed on Gems Trade, the new crypto exchange set to be released soon.
About Gems:
Gems is a distinguished crypto launchpad with the mission of un-earthing genuine “gems” in the Web3 landscape through rigorous due diligence. The platform aims to bring together a robust ecosystem for blockchain projects by focusing on launching innovative ventures, expanding communities, penetrating new markets, and leveraging its international network of investors, known as Leaders, to partake in the early stages of groundbreaking projects. Gems launchpad model is driven by active community participation, creating a synergistic environment that benefits both visionaries and the adoption of pioneering ideas. For more information, visit: https://gems.vip/
About Leia:
As the first company offering casual mobile games with a real monkey skill game twist in the Web3 space, Leia’s lineup includes casual puzzles, strategy games, and competitive casual eSports titles. By focusing on both casual fun and competitive mobile games which include in-game tournaments, Leia caters to a wide range of gaming preferences and skill levels. The $LEIA token serves as the primary currency within Leia’s ecosystem and is used to enter tournaments, purchase in-game items, and participate in community events. For more information, visit: https://www.leia.games/
Media Contact:
name: Alona Stein
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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.
Assetsite is a leading cryptocurrency trading platform, renowned for its innovative approach to digital assets. Known for providing a user-friendly and robust environment for cryptocurrency traders, the company is now taking a bold step toward diversifying its investment portfolio. Assetsite has announced plans to invest in the chip industry, a strategic move that signals the company’s ambition to tap into the growing demand for semiconductor technologies.
United States, 9th Jan 2025 – With the global shift toward digital transformation and the increasing reliance on technology, the chip industry is poised for significant growth. Assetsite recognizes the vast potential of this sector and aims to leverage its resources to contribute to its development. The investment is expected to complement Assetsite’s existing focus on cryptocurrencies while exploring new opportunities in the tech-driven economy.
Why Invest in the Chip Industry?
Assetsite’s decision to invest in the chip industry comes at a time when the demand for semiconductors is soaring. Chips are the foundation of modern electronics, from smartphones and laptops to advanced artificial intelligence (AI) systems and autonomous vehicles. These critical components are essential to a wide array of industries, and their importance is only expected to grow as technology continues to evolve.
Here are some reasons why Assetsite believes this investment will be a key factor in the company’s growth strategy:
The Rise of Digital Technologies: As digital technologies such as AI, blockchain, and cloud computing gain prominence, the demand for semiconductors is rapidly increasing. Chips power everything from data centers to electronic devices, making them indispensable in today’s tech-driven world. Assetsite sees the chip industry as a high-growth sector with significant long-term potential.
Diversification of Investment Portfolio: Although Assetsite has carved out a strong position in the cryptocurrency market, the company recognizes the value of diversification. By branching out into the chip industry, Assetsite is ensuring its investment portfolio is balanced and resilient to market fluctuations. The chip industry offers a stable, technology-driven market that complements the volatility of the crypto world.
Tech Synergies with Cryptocurrency: As a company deeply entrenched in the cryptocurrency market, Assetsite understands the importance of cutting-edge technology in powering digital assets. Semiconductor technologies play a crucial role in supporting the infrastructure for cryptocurrency mining, blockchain systems, and other decentralized technologies. Assetsite plans to explore how its investments in chips can directly benefit the crypto ecosystem.
Long-Term Market Growth: The semiconductor market is expected to continue its expansion over the next few decades. With the rise of emerging technologies such as 5G, autonomous driving, and the Internet of Things (IoT), the demand for high-performance chips will only increase. Assetsite sees this as an opportunity to align itself with long-term market trends that show no signs of slowing down.
Innovation and Future-Proofing: Innovation is at the heart of Assetsite’s investment strategy. By investing in the chip industry, the company is positioning itself to take advantage of the technological breakthroughs that are driving the evolution of modern electronics. Whether it’s the development of more efficient chips or breakthroughs in AI and quantum computing, Assetsite is keen to be part of the next wave of innovation.
About Assetsite
Assetsite is a prominent cryptocurrency trading platform dedicated to providing a seamless and efficient environment for traders worldwide. The platform offers a wide range of digital assets, enabling users to trade with ease. Since its inception, Assetsite has maintained a strong focus on innovation and user experience, ensuring both new and experienced traders have the tools they need to succeed in the fast-paced world of cryptocurrency.
Media Contact
Organization: Assetsite Ltd
Contact Person: Lee
Website: https://assetsite.com
Email: Send Email
Address: 1776 N Broadway, Denver, CO 80290, US
Country: United States
Release Id: 09012522456
The post Assetsite Expands Investment Horizons in Chip Industry 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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