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Global digital asset market maker and multi-stage Web3 investment firm DWF Labs has announced its partnership with TRON, the leading blockchain network focused on the decentralization of the Internet via decentralized applications (dApps). As part of this partnership, DWF Labs has become a liquidity provider for TRON, further enhancing the ecosystem support of the blockchain.

Andrei Grachev, the Managing Partner of DWF Labs, stated, "With over 165 million accounts created and more than 5.8 billion transactions on the TRON network, we firmly believe that the TRON ecosystem is at the forefront of Web3 adoption. What we find particularly appealing about TRON's accomplishments is its remarkable ability to attract new ideas. TRON stands as one of the fastest-growing dApps ecosystems in the space at the moment, and the consistent rollout of innovative tools and services proves that TRON has a leading role in paving the trail in blockchain. That is why we are eager to further support the ecosystem with additional investment in the near future."

DWF Labs, as a prominent market maker in the blockchain industry, has been actively supporting and investing in Web3 protocols. Last year, DWF Labs committed an initial $15 million to the Web3 Industry Recovery Initiative, led by Binance Labs, to aid struggling protocols in the industry's recovery. More recently, DWF Labs has formed additional strategic partnerships with leading crypto players worldwide.

"As a leading blockchain network focused on empowering decentralized commerce and community for every person on the planet, TRON has continually attracted new ideas and demonstrated exceptional growth within the space, a TRON spokesperson explained. We are delighted to partner with DWF Labs, as they bring their expertise and excellence to further strengthen the TRON ecosystem. Together, we aim to further support TRON's vision of a decentralized future."

By partnering with TRON as a liquidity provider, DWF Labs aims to contribute to the growth and development of the TRON ecosystem, facilitating improved accessibility of the blockchain network for all TRON users and community members.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 166.5 million total user accounts on the blockchain, more than 5.85 billion total transactions, and over $11.52 billion in total value locked (TVL), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the governments endorsement to issue Dominica Coin (DMC), a blockchain-based fan token to help promote Dominicas global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact

Hayward Wong

press@tron.network

About DWF Labs

DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.

With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high frequency trading.

For more information visit http://www.dwf-labs.com

For more information, please contact:

Andrei Grachev

Managing Partner, DWF Labs

ag@dwf-labs.com

This post is commissioned by TRONand does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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DWF Labs and TRON Reach Strategic Partnership to Strengthen Ecosystem Support - The Block - Crypto News

Web3 the third generation of the internet refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we interact with digital services, moving from traditional centralized models to decentralized peer-to-peer networks.

At its core, Web3 is built on blockchain technology, which is a distributed ledger that maintains a cryptographically-secured, continuously growing list of records called blocks. This decentralized nature enables direct peer-to-peer interactions.

Web3 brings several key features and capabilities with the potential to revolutionize high-storage applications. Examples of high-storage applications include content delivery networks (CDNs) to host images and other visual media, online gaming platforms, and blockchain-based websites.

Unlike traditional centralized systems, Web3 ensures that no single entity has complete control or ownership over data. This decentralized approach makes the data resistant to censorship, manipulation, or single-point-of-failure risks, thereby enhancing data integrity and availability.

Harrison Hines, CEO and Co-founder of Fleek a decentralized development platform told Cointelegraph, The well-designed protocols powering Web3 ensure decentralization through their network architecture, cryptography and token-economic incentive system. He added:

The benefits of this approach largely center around being trustless, permissionless, tamper-proof and censorship-resistant. These are increasingly important problems/issues, especially on corporate-owned Web2 cloud platforms, and Web3 does a great job addressing them.

Ankur Banerjee, chief technology officer at Cheqd a decentralized payments and identity platform also weighed in, telling Cointelegraph, Focusing specifically on decentralization, it provides resiliency away from single providers. There have historically been lots of outages due to cloud providers failing, e.g., only a week ago, Microsoft Outlook was down, and in January, Outlook, Teams, and 365 were all down, which shows the danger of centralization. Facebooks global outage in 2021 took down not just their services, but large parts of the rest of the web which relied on Facebooks ad tracking and log in.

Another significant aspect of Web3 is interoperability. Blockchains work independently of each other, but there are interoperability protocols that aim to connect different blockchain networks. For example, cross-chain bridges allow users to transfer assets from one blockchain to another. If leveraged correctly, interoperability can play a role in developing high-storage applications by making them accessible on multiple blockchain networks.

Web3 incorporates distributed file systems, such as the InterPlanetary File System (IPFS) and Swarm, to provide secure and scalable storage solutions for high-storage applications. These distributed file systems break down files into smaller chunks, distribute them across multiple nodes and utilize content-based addressing. In addition, by ensuring data redundancy and efficient retrieval, they enhance the reliability and performance of storage systems.

For example, Fleek enables users to build websites by hosting their files using the IPFS protocol. When a website is deployed on the network, users get an IPFS hash, and the websites are archived to Filecoin. Users have software development kits and graphical user interfaces to interact with the storage infrastructure.

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Moreover, Web3 enables the use of smart contracts. Smart contracts are self-executing contracts with predefined rules and conditions encoded within the blockchain. They facilitate trustless and automated interactions, allowing high-storage applications to enforce rules, handle transactions, and manage access control for data storage and retrieval.

Web3 also introduces tokenization, where digital assets or tokens represent ownership or access rights. In high-storage applications, tokenization can incentivize participants to contribute their storage resources. Users can earn tokens by sharing unused storage space, creating a cost-effective and scalable decentralized network. Tokenization adds an economic layer to the storage ecosystem, encouraging active participation and resource sharing.

Web3s potential for high-storage applications lies in its decentralized nature, interoperability, distributed file systems, smart contracts and tokenization mechanisms. These features provide a secure, scalable, and incentivized infrastructure for storing and retrieving large volumes of data.

In its current form, blockchain technology faces scalability challenges when handling large amounts of data. Traditional blockchain architectures like Bitcoin and Ethereum have limited throughput and storage capacities.

To support high-storage applications, blockchain networks need to enhance their scalability. This can be achieved by implementing solutions like sharding, layer-2 protocols or sidechains. These techniques enable parallel processing of transactions and data, effectively increasing the capacity and performance of the blockchain network.

High-storage applications require efficient utilization of storage resources. Therefore, blockchain networks need to optimize data storage to reduce redundancy and improve storage efficiency. Techniques such as data compression, deduplication, and data partitioning can be employed to minimize storage requirements while maintaining data integrity and availability.

Banerjee noted, Blockchains arent directly used to store heavy files since this would be a non-optimal way of storing and distributing them. Many use cases that require storing large amounts of data achieve this by storing a cryptographic hash or proof on the chain, and storing the file on decentralized storage (like IPFS, Swarm, Ceramic, etc.), or even centralized storage. He added:

That way, the heavier files dont need to be split and stored in blocks, and are available in a form most optimized for distributing large files fast, while ensuring they are tamper-proof by checking against the hash. A good example of this in action is the Sidetree protocol, which uses a combination of IPFS and Bitcoin for storage.

Data availability is crucial for high-storage applications. Blockchain networks must ensure that storage nodes are consistently online and accessible to provide data retrieval services. Incentives and penalties can be incorporated to encourage storage nodes to maintain high availability. Additionally, integrating distributed file systems like IPFS or Swarm can enhance data availability by replicating data across multiple nodes.

Fleeks Hines told Cointelegraph, Scalability is still an issue that all Web3 storage protocols need to work on, and its an issue we are specifically addressing with Fleek Network. Regarding IPFS and Swarm specifically, Id put IPFS in a category of its own. In contrast, Swarm is more similar to Filecoin, Arweave, etc., in that those protocols guarantee the storage of files/data, adding:

IPFS, on the other hand, does not guarantee the storage of files/data. A better way to think about IPFS is more similar to HTTP, meaning its primary use is for content addressing and routing.

Hines even believes that IPFS can potentially replace the HTTPS protocol: In the future, we see IPFS being used on top of all storage protocols and eventually replacing HTTP, for the simple reason that content addressing makes more sense than location-based addressing (IP address) for the internet and its growing global user base.

For the other storage protocols like Filecoin, Arweave, Swarm, etc., they guarantee security through their network architecture, cryptography and token-economic incentive system.

Since high-storage applications often deal with sensitive data, data privacy and security are paramount. Blockchain networks need to incorporate robust encryption techniques and access control mechanisms to protect stored data. Privacy-focused technologies, such as zero-knowledge proofs or secure multiparty computation, can be integrated to enable secure, private data storage and retrieval.

Blockchain networks can provide cost-effective storage solutions with decentralized storage networks or implementing token-based economies. In addition, blockchain networks can create a distributed, cost-efficient storage infrastructure by incentivizing individuals or organizations to contribute their unused storage resources.

Interoperability is crucial for high-storage applications that involve data integration from various sources and systems. Therefore, blockchain networks must promote interoperability between blockchains and external systems. Standards and protocols, such as cross-chain communication protocols or decentralized oracles, can enable seamless integration of data from different sources into the blockchain network.

Effective governance and consensus mechanisms are essential for blockchain networks that handle large volumes of data. Transparent and decentralized governance models, such as on-chain or decentralized autonomous organizations (DAOs), can be implemented to make collective decisions regarding storage-related policies and upgrades.

Efficient consensus algorithms like proof-of-stake (PoS) or delegated proof-of-stake (DPoS) can be adopted to achieve faster, more energy-efficient consensus for data storage transactions. Improving the user experience is also crucial for blockchain technology in high-storage applications.

The complexity and technicality associated with blockchain should be abstracted away to provide a user-friendly interface and seamless integration with existing applications. In addition, tools, libraries, and frameworks that simplify the development and deployment of high-storage blockchain applications should be readily available.

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High storage applications may need to adhere to specific regulatory requirements, such as data protection regulations or industry-specific compliance standards. Therefore, blockchain networks must provide features and mechanisms that allow compliance with such regulations.

This can include built-in privacy controls, auditability features, or integration with identity management systems to ensure regulatory compliance while utilizing blockchain-based storage.

In summary, to be ready for high-storage applications, blockchain must address several key features, including security and cost-efficiency. By overcoming these challenges and incorporating the necessary improvements, blockchain technology can provide a robust, scalable infrastructure for high-storage applications.

Link:

Is blockchain technology ready for high-storage applications? - Cointelegraph

Core DAO Network, a prominent player in blockchain and DeFi, operates as a permissionless network, enabling global participation, decentralization, innovation, and security.

In the world of blockchain and Decentralized Finance (DeFi), Core DAO Network has emerged as a prominent player, known for its unique characteristic of being a permissionless network. In this article, we delve into the concept of a permissionless network and explore what it means within the context of Core DAO Network.

A permissionless network, also known as an open network, refers to a decentralized system that allows anyone to participate without requiring explicit permission or approval from a central authority. In the blockchain industry, permissionless networks are designed to provide a level playing field for users, fostering inclusivity, transparency, and autonomy.

Core DAO Network distinguishes itself by adopting a permissionless network model. This means that individuals from all walks of life can join the network, participate in governance processes, and engage in various activities without barriers or restrictions.

In Core DAOs permissionless network, protocols can transact, validate transactions, and contribute to the network's growth without intermediaries or gatekeepers.

A permissionless network like Core DAO Network ensures accessibility for anyone with an internet connection, allowing global participation and reducing entry barriers. This inclusivity promotes financial inclusion and empowers individuals who may not have access to traditional financial systems.

Permissionless networks enable decentralization by removing the need for central authorities or intermediaries. Core DAO Network's permissionless nature empowers its community members to collectively govern and make decisions, ensuring no single entity has excessive control or influence.

Anyone can propose and develop new applications, features, or improvements in a permissionless network. This fosters innovation and encourages collaboration among community members as they collectively shape the direction of the network.

Core DAOs Permissionless networks benefit from increased security through its Satoshi Plus Consensus mechanism. The network relies on cryptographic algorithms and the participation of a diverse set of network validators, ensuring transparency and preventing any single entity from manipulating the system.

While permissionless networks offer numerous advantages, they also present certain challenges and considerations:

As permissionless networks grow in size and user base, scalability becomes a crucial concern. Ensuring that the network can handle increasing transactions while maintaining efficiency is a challenge it must address.

Decision-making and achieving consensus among a diverse community can be complex in a permissionless network. Effective governance models and mechanisms for community participation are essential to ensure the network's long-term success.

Permissionless networks may face security risks, including potential attacks or vulnerabilities. Regular security audits, active community involvement, and constant improvement of network protocols are vital to mitigate such risks.

Core DAOs permissionless network model offers a glimpse into the potential of decentralized systems. Core DAO Network empowers individuals to actively participate in governance, transact, and contribute to the network's growth by providing an open, inclusive, and transparent platform. The benefits of permissionless networks, such as accessibility, decentralization, innovation, and security, drive the evolution of blockchain technology and reshape the future of finance.

As Core DAO Network and other permissionless networks mature, it is crucial to address their challenges and work towards enhancing scalability, governance, and security. By doing so, these networks can unlock the full potential of decentralization, leading to a more equitable and inclusive financial landscape.

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USDT De-Pegging Alert: Tether CTO Vows Redemption Amid Curve ... - BSC NEWS

Podgorica, Montenegro, June 9th, 2023, Chainwire

At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (ERD) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.

In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.

Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.

Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.

Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.

Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution, said Steve Hopkins, ERDs CMO. ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. Were thrilled to share it with the world.

The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the projects growth.

The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.

For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.

About ERD

ERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.

Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.

For more information and to stay updated please visit:

Official website | Twitter | Discord | Whitepaper | GitHub

CMOSteve HopkinsEthereum Reserve Dollar[emailprotected]

Visit link:

ERD DeFi Lending Platform and USDE Stablecoin Unveiled at ... - Securities.io

Image Credits: Spill

From a team of ex-Twitter employees, the new social platform Spill launched in an invite-only beta on the App Store.

Its been quite the year for Spill CEO Alphonzo Phonz Terrell. This time last year, he was global head of social and editorial at Twitter, a company that had not yet been sold to Elon Musk. Since then, he was laid off, started a new company and raised a $2.75 million pre-seed round.

Spill is a visual-first, multimedia microblogging app with an interface that looks kind of like Tumblr. When you open the app, you land on a feed, which includes recent posts from people youre following (or, in the apps language, sipping), as well as algorithmically served posts. From there, you can pull down a top menu, which shows trending posts and hashtags, like #spillionaires ,#zaddiesofspill and #baddiesofspill, which have all emerged as early monikers for the apps users. From the bottom menu, users can post text, gifs, videos, photos, links and polls.

What sets Spill apart from legions of Twitter competitors is its deliberate mission to build for diverse communities from day one rather than as an afterthought.

Terrell says that the driving ethos behind Spill is that building for underserved culture drivers would create a superior platform for all. During its alpha phase, Spill deliberately sought out Black and queer creators to onboard to the platform, since these users are often the ones creating the trends and memes that the rest of the internet adopts. This outreach comes across as organic, since the people building Spill are part of these communities themselves.

On every other platform, culture drivers Black and Brown folks, marginalized folks, queer folks have had to kind of elbow to create space, said Kenya Parham, who joined Spill in March as its global VP of community and partnerships. Were starting off with them at the front of the line, and we think thats going to create a really healthy ecosystem.

Parham previously ran The Legacy Firm, where she consulted with studios like Warner Bros, MGM, Sony, Lionsgate and Amazon on cultural competency in movie marketing campaigns. With both Parham and Terrells connections in the culture sector Terrell used to be a digital marketing director at HBO Spill is being strategic about how to use media sponsorships to drive revenue. Spill launched with a partnership with The Blackening, a new horror movie with an all Black main cast.

The need for an app like Spill has become even more obvious as other Twitter alternatives like Bluesky reckon with content moderation issues. A Jack Dorsey-backed app building toward decentralization, Bluesky strained its relationship with Black users after failing to moderate threatening comments toward a Black woman, who had previously played a prominent role in bringing more people of color to the app.

Spill will surely face content moderation disputes of its own, especially as the platform grows. One way Spill hopes to encourage good behavior is by giving users a rep score if your score remains high, you can get access to new features or other benefits.

We wanted to incentivize the positive, nontoxic behavior and really reward people for being consistent, active, contributing members to the platform without necessarily having to feel like you need a massive follower count, Terrell said.

Terrell added that scores like this exist internally in most social apps they just arent shown to the user. On Spill, you can see your rep score, but other people cannot see yours.

Spill is still very much in its beta stage, but the app has some ambitious plans for the future. Spill is building its own custom large language model for content moderation, since existing models are often built without the ability to understand Black dialects like AAVE. The platform also plans to add in blockchain-based creator features in order to reward users who originate viral trends.

Spill is an app for everybody, Parham told TechCrunch. Were just making sure that were demonstrative about who were centering, and who weve built all these protections and features for.

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Twitter competitor Spill launches in beta on iOS - TechCrunch