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Accelerating the Development of New Molecules – Promethium to Empower ML Models for Drug Discovery Using … – Morningstar

Accelerating the Development of New Molecules - Promethium to Empower ML Models for Drug Discovery Using NVIDIA Quantum Cloud

PR Newswire

PALO ALTO, Calif., March 18, 2024

PALO ALTO, Calif., March 18, 2024 /PRNewswire/ --QC Ware, makers of Promethium, a quantum-inspired, molecular discovery platform, announced today it is leveragingNVIDIA Quantum Cloud to accelerate drug discovery by providing AI platforms with the ability to generate highly accurate training data on large, complex molecules faster than ever before, aiming to redefine the landscape of in silico molecular simulation. These are critical problems that will be accelerated by future quantum computers, but today are best solved by advanced methods on GPUs. This will enable molecular AI platforms to train better ML models, ultimately helping pharmaceutical companies find quality drug candidates more quickly.

NVIDIA Quantum Cloud is a microservice that lets users for the first time build and test in the cloud new quantum algorithms and applications, including powerful simulators and tools for hybrid quantum-classical programming.

"Promethium is helping steer the future of drug discovery and this latest work with NVIDIA signifies our commitment to advancing pharmaceutical research and underscores the importance of technological innovation in the quest for groundbreaking solutions to some of the most challenging medicinal problems of modern times," said Paul Baines, VP of Product & Engineering, at QC Ware.

ML models are already playing a large role in drug discovery, accelerating the ability to find new and promising candidates for clinical trials over historical methods. With an abundance of these ML models coming into play, one of the main challenges that research leaders face is determining the quality of the models they are using. Typically, the best ML models are trained on the best data. This has created a need for large amounts of extremely high-quality data.

The molecular data that currently exists is limited in scale, scope, and application. To build the best general-purpose ML model, or to customize an ML model for a specific purpose, lots of data must be generated and fast. Promethium is on a journey to generate the highest-quality data faster than it's ever been done. AI platforms for drug discovery are already taking advantage of these benefits. One example is a venture-backed start-up using Promethium to create highly accurate data, very quickly, and at scale.

"For representative systems we currently run today, Promethium is 30 times faster than our current toolsets," says the startup's CTO. "This means that we can generate high-quality training data faster, leading to extremely accurate ML models for researchers to use. The result? Truly transformative ML models that will unlock massive amounts of value for pharmaceutical companies."

Additionally, this type of data has yet to be created at scale for larger molecules. This was primarily due to how computationally intensive it was to create accurate data for molecular modeling. This limitation kept ML models from accurately predicting properties of larger molecules. Promethium's breakthrough software, combined with NVIDIA's state-of-the-art GPUs and cloud scalability, has unlocked the ability to create training data for large, complex molecules that will fuel the advanced capabilities of innovative AI platforms.

"Quantum computing has the potential to transform drug discovery," said Tim Costa, Director of HPC and Quantum at NVIDIA. "Promethium is using NVIDIA Quantum Cloud to rapidly generate training data on large, complex molecules, enabling better machine learning models that will help pharmaceutical companies find drug candidates more quickly."

Leaders in the pharmaceutical industry are already taking advantage of AI as a force multiplier in the drug discovery race. Not only is it helping them hone in on more promising candidates more quickly, but it's also creating a new benchmark for efficiency in R&D spend. Companies that are able to wield this technology effectively will be poised to achieve or better maintain industry dominance in the new age of drug discovery.

About QC Ware

Promethium is a quantum chemistry SaaS platform developed by QC Ware, a quantum and classical computing software and services company focused on delivering enterprise value through cutting-edge computational technology. With specialization in machine learning and chemistry simulation applications, QC Ware develops software for both near-term quantum and state-of-the-art classical computing hardware. QC Ware's team is composed of some of the industry's foremost experts in quantum and classical computing. QC Ware is headquartered in Palo Alto, California, and supports its European customers through its subsidiary in Paris and customers in Asia through its business development office in Tokyo, Japan.

Media Contact:Joseph.stamper@qcware.com 317-525-5882

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SOURCE QC Ware Corp.

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Google Drive for the web finally goes dark – Android Police

Summary

Dark mode took off with the advent of AMOLED displays a few years ago, with many web developers and app management teams scrambling to implement the new feature. It makes reading much easier on the eyes, and some would argue it also reduces power consumption on AMOLEDs, but in any case, Google wasnt a forerunner in adoption. To this day, a vast majority of Workspace apps dont offer the convenience on the web version, but things are now starting to change, starting with Drive.

Googles Material Design principles for Android have forced system-wide Dark Mode on most Android apps, but the brand has a plethora of apps to manage, and details often slip through the cracks. Thats perhaps why just a handful of services such as YouTube and Search have dark mode support on the web, while a majority of Workspace apps like Docs, Sheets, Slides, etc. are missing out. A few exceptions in the suite are Google Chat and Gmail, but even in the latter, the email contents display against a white background.

Google Drive with dark mode enabled

Now, Google is rolling out dark mode for one of our favorite cloud storage services, Drive, to reduce the strain on your eyes while you browse through your cloud storage on the web and take a minute to organize all the auto-saved Workspace documents. 9to5Google reports the change is rolling out now, and you should see a pop-up on the site alerting you of the change.

However, if the pop-up doesnt show, or if you dismiss it accidentally, the toggle is located under Settings General Appearance. Drive uses a deep gray shade for the search bar background and sidebar, with a slightly lighter shade for the search bar itself.

It's important to note this toggle doesnt change much besides the file management view. As soon as you hop into a Workspace utility like Sheets or Slides to edit a document, youll be blinded by light mode on the web, again.

Although the change is rolling out already, only a few users are seeing it. We hope it reaches a wider audience soon, and this change sets the precedent for the web UI of other Workspace apps, so we can ditch hacky browser extensions and Android emulators just for dark mode.

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Fulton property tax payments back online after hack – The Atlanta Journal Constitution

So we are less vulnerable going forward, Ferdinand said.

The tax commissioners office never closed during the computer crisis, though for a time it was limited to in-person or phone functions, he said. The office processed more than $50 million in property tax payments during February, Ferdinand said.

Nonetheless, this was very inconvenient for all our citizens, he said.

Now the offices public-facing functions are restored, allowing online property tax payments; and the tax assessors office can again handle tax searches, Ferdinand said.

He spoke from county commission chambers with Commission Chair Robb Pitts, giving the latest in a series of updates on service restoration, though Pitts again said they could not discuss the ongoing investigation into the hack.

Pitts reiterated that the cyberattack did not impact our voting systems in any way whatsoever.

The county has received several questions about the ability to conduct background checks, he said. The sheriffs office and Fulton County Police Department were unimpeded in doing those checks, but background checks by third parties of county court records were unavailable, Pitts said.

Now access for third-party background checks has been transferred to a new website, accessible through the court clerks page, he said.

Those records can now be accessed through re:SearchGA at https://researchga.tylerhost.net/.

The county has restored its phone service with a very few exceptions, and more good news on system restoration should be coming soon, Pitts said.

The ransomware attack, claimed by the LockBit hacking gang, took down many county internal and external systems. Hackers set a countdown on the dark web and threatened to release stolen county documents including residents personal information if an unspecified ransom wasnt paid.

But a massive international law enforcement takedown Feb. 19, not directly related to the Fulton County hack, seized computer servers and cryptocurrency accounts used by LockBit. The ransomware deadline passed, was reset, and passed again with no release of data. The takedown apparently cut the hackers off from the data they stole.

Pitts said neither the county nor anyone on its behalf paid any ransom. At the March 6 commission meeting, County Manager Dick Anderson said there had been no further threat to release personal data.

Pitts has said if any residents sensitive personal data is exposed, the county will provide identity-theft protection for them.

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Is Vitalik worried about Solana? What’s next for ETH post-Dencun? These and more insights #hearsay | Opinion – crypto.news

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news editorial.

The purge, the splurge, and the scourgethese are the terms the eponymous co-founder of Ethereum, Vitalik Buterin, used to describe the upcoming changes to Ethereum at a recent event in London.

Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at [emailprotected]

On March 14, luminaries from the Ethereum community and beyond descended on London for ETHGlobals Pragma conference. Spearheaded by speakers like Vitalik Buterin and fellow Ethereum researcher Justin Drake, Chainlinks Sergey Nazarov, and Lens Protocols Stani Kulechov, the event took place in Christ Church Spitalfields, with attendeesincluding myselfanxious to know where Ethereum is headed post-Dencun upgrade.

Buterin began by stating that the Ethereum ecosystem is in the process of making a very big transition.

According to Buterin, this transition will shift from a focus on layer-1s (L1s) and core developer-centric advancements to enhancing usability and layer-2 (L2) solutions, like zkSync, Arbitrum, and Optimism.

The way that I see it is that the first decade of Ethereum is this kind of mostly inwardly focused ecosystem, developing things for itself, focused on being tech geeks, trying to satisfy tech geeks and creating beautiful technology. But the second decade of Ethereum needs to actually have a big impact on the real world.

Roll-ups, a key player in this transition, are L2 solutions that process and store transaction data on a sidechain before bundling (or rolling up) transactions together onto the main Ethereum chain, significantly enhancing scalability and efficiency without compromising security.

Buterin says that whats next is a shift towards more scalable, secure, and user-friendly horizons. Following the Dencun upgrade, which saw some L2s like Starknets gas fees reduced by as much as 99%, Ethereums stride towards achieving basic roll-up scalinga leap made possible through advancements in technology like EIP-4844 and the roll-up technology spearheaded by teams like Arbitrum, will now shift focus to allow for more user-friendly applications to take root on Ethereum.

We have officially hit basic roll-up scaling, but we still have full roll-up scaling to go, Buterin articulated, marking this milestone as the onset of a journey toward fully unlocking Ethereums scalability potential.

However, Buterin cautioned that more work is still needed. This he referred to as the purge.

We do not want the Ethereum protocol to be something that just keeps on accumulating junk, Buterin added, underscoring the necessity of a lean and agile blockchain protocol for Ethereums future. We want Ethereum to become cleaner, and this is what the purge is about; its about making users lives easier.

Then you have the splurge, Buterin said. Account abstraction, Ethereum Virtual Machine (EVM) improvements, making the EVM more friendly to advanced cryptography.

Lastly, Buterin described the scourge [] which is dealing with economic centralization risk and mitigating it. Referring to maximum extractable value (MEV) searchers and liquid staking, Buterin said that the next phases of Ethereum upgrades will work on mitigating the risks posed by economic centralization.

The elephant in the room at any Ethereum conference is, however, often Solana.

According to DefiLlamas data, over the last four months, Solana has significantly outperformed in terms of DEX volume, recording a total volume of $98.54 billion. This starkly contrasts with Ethereum mainnets $32.16 billion, not even reaching one-third of Solanas volume. When taking into account all Ethereum L2 solutions, the combined volume only reaches $67.31 billion, highlighting a clear dominance by Solana.

In the past 90 days, Ethereum hasnt led in volume on any day, with Solana consistently holding the top spot and BSC making occasional appearances.

While Ethereum enthusiasts may hold onto their narratives, the numbers paint a different picture. Given Solanas performance, Ethereum upgrades seem to be playing catchup; think again.

According to Justin Drake, a researcher at the Ethereum Foundation, the potential of Ethereum sharding and shared infrastructure components like settlement and data availability will eventually enhance the networks performance. Comparing developments to low-network fee blockchains like Solana, Drake introduced the concept of shared sequencing and execution as forward-looking innovations designed to boost Ethereums composability and efficiency. In some sense, were trying to recreate the user experience of Solana low latency user experience with synchronous composability on Ethereum, Drake said.

Beyond the technical developments, a theme echoed frequently at Pragma in London was that by moving away from Ethereums tech-centric approach, the blockchain should now focus on more user-friendly and accessible apps for end-users.

Pedro Gomes, founder of Wallet Connect, said that user experience-focused upgrades need to happen within Ethereum, a claim echoed by several of the other speakers as well. Nick Johnson, founder of the Ethereum Naming Service (which just inked a deal with GoDaddy), said that naming is ultimately a usability issue. While Anurag Arjun, founder of Avail and former Polygon dev, opined that roll-ups will eventually lead to greater user experience. I am very bullish on app-specific roll-ups, roll-ups that become mature to a point when app devs will find them easy to use and integrate almost seamlessly.

What does this all mean for the Ethereum post-Dencun update? Ethereums past and its trajectory toward a more accessible, secure, and scalable future serve as a reminder of the blockchains foundational goals. Its not just about creating a decentralized platform but about ensuring that Ethereum evolves to meet the needs of its growing community and the broader digital ecosystem. As Ethereum continues on its roadmap, the numerous challenges aheadnot least of which include formidable competition from Solanaremain plentiful.

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Expert Establishes Connection Between Shiba Inu and Ethereum – The Crypto Basic

A notable figure in the Shiba Inu community has established a connection between SHIB and Ethereum.

In a recent post on X, acclaimed crypto expert Del Crxpto attempted to forge a link between Shiba Inu and Ethereum, drawing on the co-founders of both projects.

Specifically, Del Crxpto recounted when Ethereum co-founder Vitalik Buterin donated multi-billion dollar worth of Shiba Inu to a COVID-19 relief effort. Del Crxpto claimed Shiba Inu ecosystem lead, Shytoshi Kusama, transferred the tokens to Buterin.

Interestingly, the COVID-19 relief initiative concerned Crypto Relief India, a crypto-based humanitarian endeavor.

The foundation received a staggering $1.5 billion in Shiba Inu from Vitalik Buterin to finance its COVID-19 relief effort. Accordingly, Crypto Relief India liquidated a portion of the Shiba Inu donation to raise $460 million.

In a separate development last year, Buterin contributed over $150,000 to a wallet endorsed by Shiba Inus leader. The fund was directed towards aiding victims of earthquakes in Turkey. Moreover, the SHIB Army contributed to a charitable initiative Buterin established in response to the global pandemic.

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Considering these developments, Del Crxpto prompted the SHIB Army to recollect how the broader community initially perceived the interaction between Kusama and Buterin as a mere coincidence.

In parallel, he emphasized that nobody should be taken aback by what the future holds for SHIB, asserting that the signs were always there. In reaction, another Shiba Inu enthusiast echoed a similar sentiment, speculating: Vitalik knows who created SHIB for surethe OG pic with supposedly Shytoshi. Then, magically, billions were sent to his wallet. Like, how did they know that address

Essentially, these voices sought to establish that Vitalik Buterin has more profound relationships with the Shiba Inu ecosystem than the public knows, suggesting SHIB is bound to follow ETHs success.

Significantly, in 2021, the Ethereum founder reportedly destroyed 90% of his Shiba Inu tokens, valued at over $6.5 billion, compounding the assets growth. Buterin further pledged to contribute his remaining Shiba Inu tokens to charity causes.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ethereum Shifts Focus to Layer-2 for Scalability and Growth – Crypto Times

Vitalik Buterin, co-founder of the Ethereum network, identifies Layer-2 scaling solutions as a key element for the platforms advancement. Enabled by the Layer-2 upgrade, the Dencun, which dramatically brought down transaction fees on dApps, he called for development efforts now.

In his opinion, the previous decade has been all about Ethereums internal development; however, the world impact is to come during the next one. The upgrade on Dencun led to a bridge that aims to facilitate two-layer Layer-2 improvements in scalability, privacy, and security.

This shift does not diminish the significance of Layer-1, which will still be the base upon which Layer-2 may be pinned. Nevertheless, a mindset shift would be pivotal for Layer-1 development to transition into a deceleration phase, as this is a critical step towards network stability.

However, Buterin stresses the progress made in the Layer-1 area, among which zero-knowledge-proofs (ZKPs) are recent inventions that make it possible to scale and provide users with privacy. Those tools are examples of how it may become easier to create dApps with Layer-2.

According to him, developers have to be proficient in Layer-2 mechanisms and modern development infrastructure to address challenges related to speed, security, and privacy.

In this case, Ethereum will only achieve its goal to migrate from the old internet and blockchain paradigms to the new ones if Buterins theory holds true and propels Ethereum to significantly impact the internet and traditional finance.

The recent rapid fee reduction across platforms like zkSync Era, StarkNet, Base, and Optimism is creating more room for growth in the number of people interacting with Ethereum.

Also Read: MANTRA Aims to Bring RWA Tokenization to The Middle East and Asia

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AEGIS token surges 92% on upcoming AI tool launches and market optimism – crypto.news

AEGIS token, associated with the Aegis AI smart contract auditing platform, experienced a significant surge, marking a 92% increase within the last 24 hours, reaching a peak at $0.2987.

This growth comes amid expectations of forthcoming advancements in the Aegis AI ecosystem, as noted by a crypto influencer known as Jolly Green Investor. The influencers enthusiasm was shared in a statement highlighting Aegis AIs imminent introduction of its AI-based security tools, designed to address vulnerabilities in the crypto domain. These tools include AI-powered smart contract audits, token legitimacy audits, protocol monitoring, and bug bounty programs, all part of the soon-to-launch Aegis AI dApp.

According to the crypto influencer, the surge in AEGIS token value is closely linked to Ethereum co-founder Vitalik Buterins emphasis on the need for AI in smart contract auditing and bug detection.

Via an X post on Feb. 19, Buterin expressed his optimism about the use of AI for formal verification of code and identifying bugs, pinpointing this as one of the most significant technical risks currently faced by Ethereum. He advocated for AIs potential to revolutionize this aspect, marking a significant stride towards enhancing security and reliability.

As such, Jolly Green highlighted that Buterins encouragement for Ethereum projects to develop AI-based solutions, combined with the growing anticipation around the Ethereum ETF, positions AEGIS uniquely at the forefront of addressing these challenges.

Further insights were provided by a user responding to the influencer, referencing a recent AMA that unveiled additional features of the Aegis ecosystem. These features include a Bitsensor subnet, an operating system, a DePIN ecosystem, and SKL-based licensing, among others. This expansion introduces new revenue streams for AEGIS token holders, offering them an 80% revenue share.

As of press time, the AEGIS tokens price has adjusted to $0.2452, still marking an impressive 64.3% increase over the previous 24 hours.

The surge in AEGIS price comes as cryptocurrencies linked to AI, such as Fetch.ai, have demonstrated resilience and substantial growth, marking significant price increases amid a widespread market downturn. Further, a recent Coinbase report highlighted that AI-affiliated cryptocurrencies have surpassed the performance of major cryptocurrencies like bitcoin and ether since the start of the last quarter of 2023.

Additionally, these tokens reportedly outperformed major AI-related stocks, including Nvidia and Microsoft, during the same period, underlining the growing role and potential of AI in the cryptocurrency sector.

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Ethereum Dencun Upgrade: Solana Reaction is a Competitive Stir – CCN.com

Key Takeaways

After Ethereum underwent Dencun upgrade to increase scalability and efficiency, ETH price has been sluggish. Meanwhile, rival blockchainSolanais just 35% down from its all-time high. Is the upgrade givingSolanaa competitive edge?

Ethereums Dencun went live on March 13 and marked a major step in scalability. Ethereum co-founder Vitalik Buterin took toWarpcastto state that they have hit a goal of Basic rollup scaling, which means theyve improved how Ethereum handles a lot of transactions at once.

He continues to state that now ETH is moving on to work on two new things: verkle trees and history expiry.

Verkle trees will make it possible for validators to do their job without needing a lot of computer memory. This is like having a really efficient way to check and keep the network secure without taking up almost nil disk space on the nodes. It will also make it much quicker for someone to start participating in the network as a validator to support the network on their own (solo staking).

Ethereumdeveloper Tim Beiko took to X to state that Dencun update is one of the most complicated changes theyve made to Ethereum since the Merge.

Beiko notes that it also has as many individual updates, known as EIPs (Ethereum Improvement Proposals), as a previous major update called Byzantium.

Meanwhile, ETH price has taken a hit on March 14 and is trading under the psychological level of $4K at press time.

Solanaon the other hand has clocked in gains. As per CoinGecko data, SOL is trading 36% under its all-time high which was surpassed in 2021. It has gained at least 13% in the run-up to the upgrade in 7 days.

The introduction of EIP-4844 is a crucial update as it aims to alter how transaction fees are calculated and reduce costs for L2s. For instance, ArbOS Atlas is also bringing about reductions in fees for users of Arbitrum One. But what is noteworthy is the hike in dollars locked on Solana. In March, the ecofriendly chain has continued to increase its total value locked (TVL) and is inching closer to $4b.

In 7 days, Solana also experienced a positive shift in investor behavior. As per CoinShares data, it attracted $24m in inflows, despite recently facing a downturn in market confidence due to network outage.

Meanwhile,Ethereum, which has had a strong year in terms of attracting investments, witnessed a slight retreat with $2.1m leaving the platform during the same period.

The Ethereum Dencun upgrade sets new benchmarks for scalability and efficiency for L2. Meanwhile, despite the February outage in Solana, inflows continue to pour in for the eco-friendly chain. As Ethereum gears up for further upgrades,Solanais making waves, potentially shaking up the second-largest chain competitively.

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Ethereum Dencun Upgrade: Will it Boost ETH Price or be Another Merge? – CCN.com

Key Takeaways

Ethereum enthusiasts have every reason to celebrate as the highly anticipated Dencun upgrade makes its debut. The hard fork could signal a pivotal leap for Layer 2 networks. Also, it is buoying hopes that Dencun can help keep ETHs priceabove $4,000.

This upgrade is far from routine, because it represents a significant leap forward in Ethereums ongoing development, with promises of marked enhancements in both efficiency and scalability.

Following last years Shapella upgrade, the Ethereum network is embarking on another evolutionary step with Dencun. This latest development introduces several enhancements aimed at accelerating transaction speeds and expanding Ethereums transactional capacity. A highlight of Dencun is the implementation of ephemeral data blobs through EIP-4844, also known as protodanksharding. Ethereum claims Dencun will reduce Layer 2 transaction fees dramatically.

Dencuns ambition doesnt stop at just making transactions faster. It also seeks to make them significantly cheaper. The upgrade aims to lower transaction fees from an average of $1 to just one cent. Indeed, for smaller transactions, the cost could be just a fraction of a cent. This reduction in fees aims to elevate the user experience, outpacing the benefits introduced by the Merge in September 2022.

Moreover, Dencun introduces a novel approach to data storage for Layer 2 networks with the introduction of blobs. These are designed to store data for about 18 days, thus optimizing costs and enhancing Ethereums scalability.

According to CCN Analyst Valdrin Tahiri, a recent market rally coincided with the Dencun upgrade for Ethereum. Although many indicators point towards a continued upswing, there are worries about the possibility of facing resistance at the $4,000 mark. Despite these concerns, Ethereum remains in a position to maintain its long-term upward trajectory towards setting a new all-time high.

However, EIP-4844 will not directly lead to lower transaction costs on the Ethereum mainnet. Nevertheless, Dencun could indirectly contribute to reduced transaction fees, potentially opening up new possibilities for on-chain activities. These could include on-chain gaming, generative art, and artificial intelligence applications, which were previously hindered by high costs.

EIP-4844 marks the beginning of the Surge phase for Ethereum, as outlined in the updated network roadmap by co-founder Vitalik Buterin in December. The ultimate aim of this phase is to achieve a throughput of 100,000 transactions per second. Following the Dencun update, Ethereums development focus may shift towards further enhancements, such as enabling Ethereum nodes to be run on mobile devices.

Buterin has also responded to a user on Twitter who voiced complaints about high transaction fees.

Tim Beiko, a key figure among Ethereum core developers, shared his enthusiasm on Twitter regarding the imminent Dencun upgrade. The developer community has shown robust engagement, with numerous client teams rolling out versions compatible with Dencun, featuring crucial enhancements for performance and stability.

The Gnosis Chains swift move to embrace the Dencun upgrade ahead of its introduction on the Ethereum mainnet has generated excitement. Joseph Lubin, co-founder of Ethereum, commended the initiative, underscoring its significance for the Ethereum ecosystem.

Some analysts and leading indicators are pointing towards a potential continuation of the current rally, suggesting the asset could reach new unprecedented highs. Influential crypto enthusiast Ali echoes this sentiment, arguing that Ethereums trajectory towards the $5,000 mark is becoming more apparent as resistance levels diminish. Ali highlighted the $4,522-$4,646 range as a critical supply zone, noting that its where nearly 600,000 addresses collectively possess over 1.63 million ETH.

Furthermore, data from the crypto analytics firm IntoTheBlock indicates that the assets recent surge in value has been advantageous for investors, with an impressive 95% of them currently enjoying unrealized gains.

However, there is one word of warning. When the much anticipated Merge saw Ethereum move to a proof-of-stake consensus mechanism in September 2022, ETH did not move anything like as much as it could have done. Investors will be hoping that Dencun will be better for Ether.

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Foundation Launches to Pioneer the Future of Decentralized Crypto Trading – The Defiant – DeFi News

Koszalin, Poland, March 18th, 2024, Chainwire

In a significant leap forward for the cryptocurrency trading sphere, Foundation has announced the launch of its groundbreaking decentralized exchange platform, blending the efficiency of Centralized Exchanges (CEXs) with the permissionless and transparent nature of Decentralized Exchanges (DEXs). Aimed at revolutionizing the on-chain trading experience, Foundation introduces an order book model that promises a lightning-fast trading engine capable of handling thousands of transactions per second and managing billions in daily trading volumes.

This innovative platform is set to redefine the standards of decentralized trading by offering a suite of features that includes a Unified Liquidity Marketplace, Maximum Transparency through its Exchange Explorer, a Permissionless framework for token listing, and Composability for developers to build advanced trading strategies. Furthermore, Foundation is expanding the horizon of crypto trading by supporting multiple asset classes, including cryptocurrencies, commodities, and forex through its perpetual synthetic trading engine.

As part of its roadmap, Foundation has successfully completed its "Ignition" phase, launching a prototype and undergoing extensive testing to refine its offering. Currently, in the "Orbit Preparation" phase, the platform has made the beta testnet version available, emphasizing the integration of key functionalities such as perpetual and spot trading, along with an innovative Engagement Points System to reward community participation.

Looking ahead, the "Liftoff" phase will see the mainnet launch, introducing full trading functionalities and marking a significant step towards decentralization, transparency, and openness. The final phase, "Deep Space Journey", is set to transform Foundation into an independent and sovereign blockchain, cementing its commitment to decentralization and the platform's longevity.

Originating from Level Finance, a robust oracle-based exchange with a remarkable track record, Foundation is built by a team of seasoned professionals. Their collective experience in both centralized and decentralized exchange development positions Foundation to significantly impact the cryptocurrency trading landscape.

Foundation emerges from the vision to create a comprehensive trading ecosystem that transcends traditional exchange models. By combining the best aspects of CEXs and DEXs, Foundation aims to provide a sustainable, efficient, and transparent trading platform. Its roots in Level Finance, with significant achievements in trading volume and community rewards, underscore its potential to redefine cryptocurrency trading.

For further information and media inquiries, users can contact:

Contact

Media Manager John Johnson Foundation Network info@foundation.network

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