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Living in the age of technology is a task in itself, because it requires us to keep abreast of the latest developments around the world.So here we are trying to upgrade your encryption Knowledge of the most important news items. Take a look:
Panther (DeFi privacy project) raised $22 million in a public sale in 1.5 hours
Known for providing dedicated privacy solutions Go to financial institution In the Web 3.0 industry, Panther Protocol announced the successful completion of his most recent public sales activity. Beginning on November 23, 2021, the Panther Protocol public sale ended within 90 minutes of launch after raising $22 million for the company. The funds raised will be used to create powerful privacy solutions to revolutionize the work experience in the DeFi and Web 3.0 fields.
According to the report, the recent public sale helped Panther Protocol expand its cluster at the financial and operational levels. The company has raised a total of US$32 million in funding to promote its growth and development plans. The public sale includes 5% of the total supply of ZKP tokens, with different unlocking schedules. The other 15% of the total supply is sold through pre-seed, seed and three private sales activities. The company raised $10 million through private financing.
Panther Protocol was launched in 2020 and has been widely welcomed and supported by encryption enthusiasts since its establishment. The protocol is designed using zk-SNARKs, which is a new era mechanism centered on privacy. The term zk-SNARKs stands for “zero-knowledge concise non-interactive knowledge argumentation”.This technology facilitates the zero-knowledge cryptographic encryption found in tokens, such as Zero cash. The zAssets used by Panther are a 1:1 peg of basic assets, providing users with high-end privacy advantages. This channel allows developers to inject privacy features into their applications without any help from professional cryptographers or technicians.
Bitcoin surpasses Paypal Dollar value, Now follow MasterCard
Bitcoin, as a true warrior, leads the financial field, once again proving its potential as an irreplaceable tool in the digital age.This time, the virtual currency network has surpassed the big fish in the financial world, including PaypalIn a report, the market intelligence company Blockdata revealed that the Bitcoin network processed nearly US$489 billion every quarter in 2021, while Paypal processed US$302 billion.
The report was released by Blockdata on November 25, 2021. The title is “When will the Bitcoin network handle transactions such as Mastercard and Visa?” It highlights the 12 years since the Bitcoin network was launched in 2009. A quick success was achieved. Data analyzed by Blockdata experts shows that Bitcoin manages approximately 27% of the total mastercard transaction volume of 1.8 trillion/quarter and 15% of the total transaction volume of 3.2 trillion USD/quarterly executed on Visa.
According to the data, three important factors can help Bitcoin expand its network in the future, while leaving Mastercard and PayPal aside. These include:
- Total transaction
- Average number of BTC sent per transaction
- BTC prices soar
It is believed that with the continuous growth of operational capabilities and popularity, the Bitcoin network will surpass MasterCard in terms of processing capacity in 2026. The most variable factor in this process is the volume of transactions executed on the BTC network. The report cannot clearly define whether the average number of bitcoins sent per transaction has surged. However, an increase in the price of Bitcoin by the same amount can make Bitcoin equal to MasterCard. The Blockdata network heralds a bright future for the Bitcoin ecosystem.
Axie Infinity raised 550 ETH by selling virtual land slots
Axie Infinity from Venezuela, a popular Ethereum-driven NFT project, announced that it has raised $2.3 million by selling Genesis Land Plot for 550 ETH. The team posted an official Twitter post to share the celebration message with its gaming community. The platform allows users to use Axies, the main creature of the Axie Infinity cluster, to indulge in combat and participate in daily tasks.
According to the report, the Genesis Land traded by the team belongs to the most unique virtual real estate in this setting. There are only 220 Genesis plots out of the 90,601 plots in the game. The ecosystem of Axie Infinity depicts a game world built around a place called Lunacia where Axie creatures live. The entire setup is placed in a 301×301 square grid, each part of which responds to a tokenized land called Terra. These virtual plots can be easily bought, sold or leased to other users.
In the game, the player must defeat the monster named Chimeras that haunts the city of Lunacia. This helps gamers get a smooth love potion or SLP that can be settled quickly. Cryptocurrency exchange. After the failure, Chimeras provides access to various resources, which helps increase users’ income.
The fast-growing virtual reality asset industry has witnessed different reactions from people around the world. Some people fail to see it as an opportunity, while others see it as an effective investment plan. The income provided by SLPs on Axie often exceeds the minimum wage in developing countries, which makes them very popular among investors.
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