Fintech PR
Polygon Team Discusses Its Big Future Plans with LBank in AMA
LBank Exchange held an AMA session with the Polygon team discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA.
Dubai, United Arab Emirates–(Newsfile Corp. – November 5, 2021) – Ethereum is the most popular blockchain development platform, although it has drawbacks such as limited throughput, poor user experience, and lack of authority. Polygon, as a protocol and framework for creating and linking Ethereum-compatible blockchain networks, overcomes these barriers by aggregating scalable Ethereum solutions and providing a multi-chain Ethereum ecosystem.
Polygon Exceeds Ethereum’s Active Users
Polygon is a layer 2 aggregating solution which is built on top of Ethereum, and has accomplished great achievements since its inception. Moreover, its POS chain now hosts over 2000 DApps and handles more than 7 million transactions per day. As a matter of fact, Polygon now drives more active users on a daily basis than Ethereum.
Significantly, MATIC, the native-token of the Polygon Network is already available on trading platforms such as LBank Exchange with a current trading volume of over $1 billion. The Polygon team wants to see more individuals possess MATIC tokens, and it also wants to see MATIC’s trading volume on LBank Exchange expand.
Enhancement Of Polygon Network
The team is very focused on implementing NFTs and gaming projects on Polygon to offer users more artwork and fun. Since the network has the potential to attract thousands of new users into blockchain, they consider NFT and gaming marketplaces as the crucial sector to focus on. Some of the most well-known gaming projects, including Decentral Games, Sandbox, Somnium Space, Vulcan Verse, and others, are already live on Polygon. OpenSea, Lazy.com, Autograph, and other NFT initiatives are examples.
Consequently, Polygon also provides for huge scalability, as minting costs on Polygon are 100,000 lower on average than Ethereum. Polygon also has products geared for enterprise customers who want privacy and scalability, such as Nightfall, a one-of-a-kind, privacy-focused Rollup that blends Optimistic Rollups with Zero-Knowledge (ZK) cryptography frequently utilized in ZK Rollups. It combines the two prominent technologies into a scalable and private hybrid.
In addition, the team anticipates that Polygon Nightfall will lead a significant number of transactions as it has the potential to attract huge corporations onto the blockchain. Besides, the team believes that it will also bring new projects and users to the Polygon ecosystem.
Future Holds Big Plans
The Polygon team has some huge ambitions in the works. Polygon is significantly investing in ZK and ZK Rollup technologies on the technical side; for instance, the team has indeed spent $250 million on acquiring Hermez, a decentralized, open-source blockchain platform.
Polygon has also purchased four more teams to help them develop more ZK Rollup chains. Additionally, the goal of the team is to create highly scalable EVM-enabled ZK Rollup technology. Polygon will also be releasing updates to their POS chain as well as information on the deployment of EIP 1559.
Polygon’s Head of Growth, Arjun has shared some exciting updates on the commercial side which includes plans on DApps integrations as well. Significantly, he points out that LBank is working to improve its global branding. He also emphasizes that the team’s success is due to the community’s support, and that the team will continue to work with LBank Exchange to offer more Polygon projects and tokens to the community. The Polygon team will continue to update its official social media platforms, such as Twitter, with more information about future plans and news.
About Polygon
Polygon is an Ethereum-based layer 2 aggregating scalable solution that works with a multi-chain Ethereum ecosystem. The platform addresses blockchain issues such as high gas fees and limited speed without compromising security. It’s a framework and protocol for creating and linking Ethereum-compatible blockchains.
Visit Us to Know more:
Website: https://polygon.technology/
Twitter: https://twitter.com/0xPolygon
Telegram: https://t.me/polygonofficial
Discord: https://discord.com/invite/polygon
About LBank
LBank is a rapidly expanding crypto trading platform that provides secure trading to individuals all around the world. The team intends to create professional crypto-asset integration services as well as a convenient trading platform. With over 6.4 million users worldwide, it has grown extremely popular.
Visit Us to Know More:
Website: https://www.lbank.info/
Twitter: https://twitter.com/LBank_Exchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Facebook: https://www.facebook.com/LBank.info/
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102146
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Championing innovation, impact and business excellence across China
SHANGHAI, Nov. 28, 2024 /PRNewswire/ — After months of rigorous applications and judging, the winners of the 2024 British Business Awards were announced during the Gala Ceremony on 22nd November at the Kerry Hotel Pudong, Shanghai.
Organised by the British Chambers of Commerce across China, the biennial awards celebrate outstanding achievements and highlight the vital contributions of businesses and individuals fostering strong economic ties between the UK and China. Featuring nine categories, the 2024 Awards drew 110 impressive submissions from a wide range of industries. More than 50 outstanding businesses and individuals were shortlisted during the first-round judging. The newly introduced online voting element garnered nearly 1.16 million public views, further amplifying the reach and engagement of this momentum occasion.
Dame Caroline Wilson DCMG, British Ambassador to China, said: “Business is a cornerstone of the UK-China relationship, and the British Business Awards are a testimony to British companies’ significant contribution to China’s development. Their achievements, successes and thriving eco-system also help drive economic growth and innovation in the UK.”
Kirsten Johnston, Chair of the 2024 British Business Awards, shared in her welcome remarks: “The British Business Awards, now in their 16th year, reflect the unwavering commitment of both British and Chinese businesses to driving progress, fostering collaboration, and making a lasting impact on our economies and societies. As we unveil the winners, I would also like to extend a heartfelt thanks to our 38 judges, who collectively contributed nearly 2,000 volunteer hours. Their hard work and expertise were critical to ensuring a rigorous evaluation process.”
2024 British Business Awards Winners：
Innovation Award
– sponsored by The University of Manchester China Centre
Smiths Group
Sustainability Award
– sponsored by the University of Nottingham Ningbo China
Smiths Group
Social Impact Award
– sponsored by ASCEND IT
Reckitt China
Education Partnership Award
– sponsored by The British Council
University of Nottingham Ningbo China
Business Partnership Award
– sponsored by GE5 Education
Wellington College China
Chinese UK Alumnus Award
– sponsored by BritCham Shanghai
Yinpeng Bao
OxSyns Biotech
Inspiring Leadership Award
– sponsored by BritCham Shanghai
Capt. Simon Hibberd
S. B. Submarine Systems Company Limited
Outstanding Contribution to the UK Award
– sponsored by BritCham Shanghai & China Chamber of Commerce in the UK
Agricultural Bank of China London Branch
British Company of the Year Award
– sponsored by Smiths Group
[Large Company]
Jaguar Land Rover (China) Investment Co., Ltd.
[Medium Company]
Silverstream Technologies (Shanghai) Limited
[Small Company]
The Hutong Education
The Gala Ceremony was also graced by Matt Burney CMG, British Consul-General, Shanghai, Sohail Shaikh, British Deputy Trade Commissioner for China, Cat Sinclair-Jones, Director East China, British Council, Peter Burnett OBE, BBS, CEO, China Britain Business Council. They were joined by representatives from British and Chinese governments, businesses, and media organisations, alongside over 330 distinguished guests. The event was chaired by Jasmine Pang, Director of European Affairs at Phoenix TV.
2024 Awards are supported by the Department for Business and Trade (DBT), the British Council, China-Britain Business Council (CBBC), Scottish Development International, Invest Northern Ireland, and the Chinese Chamber of Commerce in the UK. For more information, please visit www.britishbusinessawards.org
Live Album: https://live.photoplus.cn/live/pc/71303540/#/live
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View original content:https://www.prnewswire.co.uk/news-releases/2024-british-business-awards-winners-announced-in-shanghai-302318165.html
BEIJING, Nov. 28, 2024 /PRNewswire/ — A series of achievements was recently made at the Shanghai Jing’an “Global Service Provider Program” (GSPP) Promotion Conference and the 1st China Enterprise Globalization Development Professional Service Summit Forum held in Jing’an District of east China’s Shanghai.
A white paper on global service providers supporting Chinese enterprises to go overseas was released at the event, where the China office of the Globalization and World Cities (GaWC) published a report on the development index of Shanghai’s professional service industry.
The GSPP has so far included a total of 103 enterprises, after 11 companies were awarded as new members at the recent event.
In a bid to further expand the GSPP network, the Global Service Provider Council announced during the event to jointly establish the Go-Global Service Alliance with the Malaysian Chamber of Commerce and Industry in China, Shanghai Automotive Parts Industry Association, Shanghai Producer Services Promotion Association, Shanghai MedValley industrial park and Beijing-based risk warning agency ICOER.
Since the GSPP was initiated in 2019, Jing’an District has attracted a large number of high-level global service organizations.
The district, as a core cluster area of Shanghai’s professional service industry, hosts 39 out of 187 well-known professional service institutions worldwide, covering multiple fields including advertising, law, accounting, human resources and others.
A diversified professional service ecology has been formed in the district, driving a continuous increase in the number of regional headquarters of multinational companies and steady growth in foreign-related economic tax income.
Original link: https://en.imsilkroad.com/p/343321.html
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View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-multiple-achievements-made-at-promotion-conference-held-in-shanghai-302318153.html
Fintech PR
Xinhua Silk Road: Wuxi Economic Development Zone makes efforts to optimize business environment
BEIJING, Nov. 28, 2024 /PRNewswire/ — Wuxi Economic Development Zone has been continuously optimizing its business environment by introducing favorable policies and improving services in recent years.
Founded in 2019, the zone continues to build a “4+3+X” modern industrial system, featuring four leading industries of advanced manufacturing, integrated circuits, the Internet of Things (IoT), and software and information, three characteristic industries namely headquarters economy, convention and exhibition economy, and high-end trade, and various future-oriented industries such as commercial aerospace, humanoid robots, and artificial intelligence (AI).
Focusing on the modern industrial system, the zone has made efforts in improving a variety of services, such as providing resources and policy support, to deal with the challenges faced by major projects. Therefore, it ensures the smooth launch and early operation of projects by pooling resources across the region, which contributes to a better business environment.
In addition, to foster the growth of emerging industries, the zone has given full play to the role of financing, establishing a number of funds centering around high-end chips, AI, and other sci-tech sectors.
This year, the zone has carried out multiple economic and trade exchange events in Japan, the United States, France and Germany, visited leading enterprises in the fields of AI, robotics, intelligent manufacturing, etc., and promoted in-depth cooperation between the zone and other countries in the field of cutting-edge science and technology.
Wuxi Economic Development Zone has made significant breakthroughs in attracting investment in recent years, introducing major projects such as the State Power Investment Corporation’s energy storage project and Minospace’s satellite manufacturing base.
Original link: https://en.imsilkroad.com/p/343326.html
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-wuxi-economic-development-zone-makes-efforts-to-optimize-business-environment-302318139.html
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