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Syscoin’s Smart Contract Chain Is Live
The best of Bitcoin & Ethereum is now together in one place.
Eindhoven, Netherlands–(Newsfile Corp. – December 6, 2021) – Phase One of the NEVM launch is complete! The Bitcoin-secured Layer 1 for EVM smart contracts reached mainnet on block 1,317,500, December 6th, 2021. With this upgrade to the Syscoin network, users can simultaneously enjoy all the benefits of Bitcoin’s POW security and the flexibility of smart contracts on a modular chain built to remain indefinitely decentralized, scalable, and affordable. Phase One has effectively laid the world’s most secure foundation for supporting all the best EVM Layer 2 advancements.
Syscoin
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Syscoin’s unique approach to infrastructure has addressed the greatest criticisms aimed at Bitcoin and Ethereum alike. Thanks to merge-mining, POW security is effectively a green energy solution, which recycles resources already being spent on Bitcoin’s gold standard security. Thanks to the company’s Solidity and full EVM-compatibility, they have set the stage for all EVM-based projects, including Ethereum itself, to be able to take advantage of Syscoin NEVM’s scalability and low fees. In this manner, they have effectively leapfrogged the promises being offered by Ethereum 2.0 and solved the trilemma facing blockchains.
This is significant because it means projects running on Ethereum can migrate to the Syscoin Platform and immediately save nearly 100% of their transaction fees, and in turn those savings can be passed on to their user bases.
“Syscoin will utilize the best features of the top two cryptocurrencies, namely Bitcoin and Ethereum. Hence, Syscoin will provide the security offered by Bitcoin while maintaining the programmability of Ethereum. Scalable applications will be mounted on this system via ZKPs which will introduce our proposed decentralized cost model on Ethereum gas fees,” said Jagdeep Sidhu, Syscoin’s Lead Core Developer.
As mentioned, the Syscoin NEVM going operational is only Phase One of their grand strategy to offer the world’s first mature blockchain capable of running the metaverse, smart cities, and hosting both the needs of public and private institutions. Phase Two brings ZK-Rollups and their incredible boost to speeds of up to 210k TPS in Q1 of 2022, followed by Phase Three in Q3 and the implementation our proprietary Validium technology, which is projected to achieve 4 million TPS, guaranteeing the long term viability of the Syscoin Platform.
Since 2014, Syscoin has been continuously evolving in scope to anticipate and address the greatest challenges facing blockchain technology. The company’s NEVM is the culmination of these years of effort and a novel solution they are incredibly proud to make a reality. Many new partners have already started onboarding, with the majority looking towards leveraging ZK-Rollups on Syscoin NEVM.
Thus far, these NEVM partners include Luxy: a powerful and user-friendly NFT marketplace, Gold Standard DAO: a decentralized reserve currency backed by gold, Pegasys: the first DEX & AMM built on Syscoin’s NEVM, Mute: a DeFi suite dedicated to ZK-Rollup scalability, Equalizer: the world’s first dedicated DeFi flash loans platform, Orai: the world’s first AI Oracle blockchain, and many more will join the Syscoin ecosystem. More information is available at Syscoin.org.
About Syscoin:
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM upgrade combines the best of Bitcoin and Ethereum in a single coordinated platform.
Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true L2 scalability via ZK-Rollups taking place on a singular platform, Syscoin will usher in the next step in the evolution of blockchain technology.
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Media Contact
Michiel
Email: [email protected]
PR: Cryptoshib.com
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106813
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Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product
TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families.
Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
- Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.
- Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks.
- Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.
- Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.
- Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.
- Password Manager: Creates and manages strong passwords and assists with their use.
- Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.
- Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.
The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected]
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Visa seeks to “revolutionise the card” with array of new product launches
The post Visa seeks to “revolutionise the card” with array of new product launches appeared first on HIPTHER Alerts.
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Briocean Gobi Desert Challenge & Annual Gala Dinner 2024
SHENZHEN, China, May 21, 2024 /PRNewswire/ — Briocean Technology, a leading independent electronic component distributor, is proud to announce its latest annual event – an unforgettable expedition through the majestic Gobi Desert in Dunhuang, China. This year, the company has set the bar higher, challenging its employees to embark on an 80-kilometre trek over the course of 3 days and 2 nights in one of world’s sixth largest desert in northern China.
Far more than a mere hike, this journey symbolises the spirit of unity and resilience that defines Briocean’s culture. As the team trekked through the vast terrain of the Gobi, they forged bonds, overcame challenges, and discovered the true extent of their capabilities.
“At Briocean, we believe in pushing boundaries, both in our work and in our adventures. The Gobi Desert trek was an opportunity for our employees to come together, push their limits, and celebrate the strength of our team.” commented by Ms Sharon Ho, CEO of Briocean.
In 2023, Briocean soared to new heights, achieving a 20% increase in OEM Excess and PPV orders. The company demonstrated agility and foresight, making a strategic shift towards CPU/GPU product lines.
Furthermore, Briocean responded to the growing demand for quality assurance, recording an astounding 133% boost in testing volume at its state-of-the-art facilities. With a global reach, the company successfully shipped products to over 20 countries, reaffirming its global presence.
In line with its commitment to growth, Briocean has upgraded its laboratory, spanning 23,680 square feet which is set to operate in June and have expanded its global team by 10%. These additions have contributed to the company’s success, earning prestigious awards and recognition for its outstanding achievements.
After the trek, Briocean also hosted its annual gala dinner, a joyous occasion filled with celebration and unity. To embrace cultural richness, all employees were dressed in the graceful splendour of traditional Hanfu, as they gathered to celebrate a fruitful year.
Briocean will continue to strive to be the preferred supplier in the global electronic component distribution industry, and our internal events offers employees a chance to reflect on their successes. Partner with Briocean and be part of our journey to excellence.
About Briocean
Established in 2008, Briocean Technology is a leading independent electronic component distributor committed to providing global sourcing and supply chain solutions to electronic manufacturing clients in various industries.
For more information, visit: https://www.briocean.com/
Media Contact, [email protected]
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