London, United Kingdom, December 19th, 2023, Chainwire

Alkimi, the world’s first decentralised ad exchange, has exited beta and now has advertisers and publishers buying and selling inventory through its blockchain-based programmatic platform. The launch of a custom consensus, distributed ledger and node platform marks a new era for digital advertising. It makes it possible to buy and sell advertising space in a completely decentralised manner through the blockchain infrastructure.

The mainnet Alkimi offers delivers performance enhancements, complete transparency, and greater efficiency in the digital advertising ecosystem. By cutting the fees from over 37% to between 3-5%, the cost of buying ads was reduced from $9.03 to $2.71, granting advertisers 212% more media while also increasing ad campaign performance by 19% in collaboration with the world’s largest media agencies and publishers.

Ben Putley, Alkimi CEO and Co-Founder, expressed how “I am thrilled to announce the launch of Alkimi Exchange’s mainnet, a pivotal moment in our journey to revolutionise digital advertising. In 2023, the digital ad spend is projected to be $678.9 billion, signifying the immense potential of this market. Alkimi Exchange will capture this potential by bringing a significant portion of digital ad spend on-chain via our exchange AlEx.”

For advertisers and media agencies, the mainnet presents a level of clarity and accountability in ad spend that was previously unattainable. Publishers, in contrast, are poised to benefit from a more streamlined and profitable approach to ad management and revenue generation, with a higher proportion of advertiser dollars being passed on to them, thus creating more value online.

A key feature of the new mainnet is the inclusion of a Liquidity Staking Derivative (LSD), allowing users to join a liquidity pool on Balancer and stake their LP tokens (stADS) on the user portal, labs.alkimi.org. This feature offers users the opportunity to ‘yield farm’ the internet.

The launch of this mainnet represents not just a technological advancement but a paradigm shift in how digital advertising is conducted. By harnessing blockchain technology, the company is setting new standards for transparency and performance in the industry, marking a significant step towards a future where digital advertising is more effective, transparent, and fair for all parties involved.

About Alkimi Exchange

Alkimi Exchange is a decentralised replacement to the inefficient legacy programmatic ad exchanges with the mission to restore the value exchange between advertisers, publishers and users. Alkimi Exchange is a custom layer 2 scaling solution on the Ethereum network, specifically for advertising — which allows us to provide the fastest, infinitely scalable solution with 0% fraud, low transaction fees and complete end-to-end transparency.

Learn more at www.alkimi.org.

Linkedin: https://www.linkedin.com/company/alkimi-exchange

Telegram: https://t.me/Alkimi_Exchange

Discord: https://discord.com/invite/ebeHPzYHFT 

Twitter: https://twitter.com/AlkimiExchange 

YouTube: https://www.youtube.com/channel/UCfvLB-WjXB7oZSeFci-RT5w

Contact

Head Of Marketing
Milly Putley
Alkimi Exchange
hello@alkimi.org

Zug, Switzerland, December 19th, 2023, Chainwire

Gelato announces expansion of its all-in-one Rollup-as-a-Service (RaaS) Platform. In addition to supporting Polygon CDK, Gelato now also services the OP Stack, the Optimism Collective’s open-source, modular development framework. As part of this expansion, Gelato enables Lisk, a Layer 1 blockchain launched in 2016, to join the Ethereum ecosystem by migrating to an Ethereum Layer 2. Lisk will join OP Mainnet, Base, and other OP Chains as the first Layer 1 committing to Optimism’s Superchain vision.

“Gelato’s expansion of support to the OP Stack underscores our mission to revolutionize the blockchain arena. By democratizing access to a modular blockspace, we’re empowering a diverse range of creators to deploy their unique, ready-to-launch Layer 2 blockchains. This pivotal move will unlock the full potential of mainstream crypto applications, marking a new era in blockchain adoption.” – Luis Schliesske, Founder at Gelato

Designed to alleviate the congestion problem of the Ethereum mainnet, the OP Stack is the standard, open codebase that powers the Optimism ecosystem and was built to support the Superchain. By leveraging Gelato’s Rollup as a Service platform, in addition to deploying, hosting, and monitoring of new Layer 2 chains, the OP Stack now gains native integrations with Gelato’s industry-leading Web3 middleware services including automation, off-chain data, and Account Abstraction to enable superior UX. Moreover, the platform provides out-of-the-box, native access to tier-one web3 services such as Etherscan, The Graph, LayerZero, and many more.

Layer 2 chains deployed with Gelato, like Lisk, get much more than the underlying blockchain. Layer 2 chains gains access to a fully production-ready web3 development environment. This is the first time in web3 that developers have access to an end-to-end serviced OP Chain with all necessary infrastructure dependencies deployed right from the start.

“We are excited that Gelato has extended support to the Superchain as a RaaS provider for Lisk, making it easier for developers to onboard new users into the Superchain ecosystem,” — said Ben Jones, Chief Scientist at the Optimism Foundation. “Gelato has already executed a million transactions on OP Mainnet for projects like Synthetix, Lyra, and Velodrome, and we’re looking forward to Gelato bringing their developer expertise to help bring the Superchain vision to reality.”

With just a few clicks and without the need to write any code, using Gelato Rollup-as-a-Service Platform anyone can easily deploy their fully serviced OP Chain, freeing up developers to focus on growing their core business.

“Using Gelato’s Roll up as a Service Platform allows the Lisk research and development team to be primarily focused on building additional products and tooling that developers and end users love, while also committing resources to the Superchain’s development.” – says, Dominic Schwenter, Chief Project Officer at Lisk

Gelato and Optimism share a vision of a world with thousands of interconnected blockchains, enabling the horizontal scaling of web3 applications. Gelato’s Rollup-as-a-Service platform will serve as a key component of this environment, running its customers’ underlying blockchains and offering an end-to-end development environment with integrated essential developer infrastructure services.

About Gelato

Gelato is an all-in-one Ethereum Rollup as a Service Platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains at a pace natively integrated with Web3’s favorite tools and services launching a production-ready web3 development environment from the Genesis block.

For more information visit Gelato’s: Official Website | Telegram | Twitter

About Optimism

Optimism is a project dedicated to scaling Ethereum’s technology and expanding its ability to coordinate people from across the world to build effective, decentralized power structures. The Optimism Collective builds best-in-class software for running L2 blockchains and aims to address key governance and economic challenges in the wider crypto ecosystem. The Optimism Collective is also committed to building a sustainable ecosystem through Retroactive Public Goods Funding. By rewarding the impactful projects, Optimism is scaling Ethereum’s present to provide funding for its future.

About Lisk

Lisk provides a cost-efficient, fast, and scalable Layer 2 (L2) network that is secured by Ethereum. As a long-standing Web3 infrastructure project, Lisk has been democratizing blockchain accessibility for developers and end users globally since 2016. Its core focus is to solve local problems in Emerging Markets by bringing solutions around real-world assets (RWA), off-chain assets (OCA), and DePIN onchain. As a member of the Optimism Superchain Lisk is contributing to onboarding the next 1 billion people to Web3.

Contact

Head of Marketing
Ella Jonas
Gelato Digital GmbH
press@gelato.digital

London, United Kingdom, December 18th, 2023, Chainwire

StrikeX proudly announces the successful launch of Swaps V2, a ground-breaking update that streamlines the crypto-crypto swaps process. This release introduces a new level of functionality, security, and user-friendly design, signifying a significant step forward in StrikeX Wallet’s journey to establish itself as a market leader.

Swaps V2 offers users an unparalleled experience, enabling effortless swapping of ANY token through a sophisticated, secure, and intuitive interface. Whether dealing with blue-chip cryptocurrencies or exploring newly launched tokens, StrikeX Wallet’s Swaps V2 caters to all preferences. Can’t find the token you are looking for? No problem, users can import them seamlessly using the token’s contract address, making them instantly available for swapping.

Additionally, StrikeX Wallet has successfully integrated the popular Layer 2 blockchain, BASE. This integration empowers users to buy, sell, swap, and self-custody BASE native assets directly within their StrikeX Wallet, providing a comprehensive and streamlined experience for cryptocurrency enthusiasts.

Swaps V2 marks the first phase of the StrikeX Wallet Version 2 rollout. In the coming months, users can anticipate witnessing the evolution of the entire Application, with each section being elevated to the V2 standard. Expect enhanced functionality, an enriched user interface, and innovative new features as StrikeX propels itself to the forefront of the decentralized finance (DeFi) space.

StrikeX Wallet invites users to join them on this transformative journey. Users can download the StrikeX Wallet today and be part of the new wave.

About StrikeX

StrikeX Technologies Ltd is a leading provider of blockchain solutions, specialising in blockchain technology, DeFi, and tokenized assets. The company is dedicated to bridging the gap between traditional finance and Web3, empowering organisations to embrace the transformative power of blockchain.

Contact

CEO & Co-Founder
Joe Jowett
StrikeX Technologies Ltd.
press@strikex.com

New York, America, December 15th, 2023, Chainwire

In the sphere of Bitcoin’s on-chain assets, a groundbreaking paradigm emerges with Bitboost’s exploration of programmability, transforming Bitcoin into a dynamic asset playground. Protocols such as Ordinals, BRC-20, and Atomicals have significantly enriched Bitcoin’s on-chain assets, offering a novel approach to scaling Bitcoin: utilizing Bitcoin as a bulletin board to publish assets and executing asset transactions off-chain through indexers. Unlike rollups, this method doesn’t validate transaction execution results on Bitcoin, making it completely agnostic to Bitcoin.

Through this approach, many popular assets have been issued on Bitcoin. The issuance method for these assets is fair minting, allowing anyone to mint a certain quantity of assets through a Bitcoin transaction. This issuance method provides participants with a fair opportunity and results in a decentralized distribution of assets, aligning more closely with the principles of decentralization. Most of these assets were issued starting in March, and as of today, some popular assets, such as $ORDI and $SATS, have market caps exceeding 1 billion USD, leading to significant wealth effects.

The Hidden Challenges Behind the Popularity of Asset Protocols

Behind the popularity, these asset protocols also suffer from many problems. Firstly, the asset issuance pattern is singular and fixed, supporting only fair minting and lacking support for additional issuance methods such as whitelists and IDOs. Secondly, the asset circulation pattern is also very rigid, supporting only transfers and exchanges with BTCs, without accommodating DeFi applications like swap, lending, staking, and more. Users are limited to actions such as minting, holding, and buying/selling with BTC, restricting the utility of these assets.

The fundamental reason for this type of problem is that the assets lack programmability. All functions of the assets are hardcoded in the protocol, and users cannot redefine them. Taking BRC-20 as an example, the asset’s functions are limited to deploy, mint, and transfer. If these assets can interact with smart contracts, users are then able to modify or add functions through the creation of smart contracts, and the problem of fixed functionality patterns can be completely solved.

Bitboost’s Unique Solution: The end Game of the Programmable Asset Protocol

Bitboost has conducted research on all publicly available smart contract solutions on Bitcoin, such as on-chain solutions like BitVM, sidechain solutions like Rootstock and Stacks, and layer 2 solutions like RGB and BEVM. After analyzing and comparing the strengths and weaknesses of all these solutions, Bitboost believes that designing a programmable asset protocol on Bitcoin should adhere to the following principles:

• Simplicity: It should not add excessive burden to the Bitcoin network.
• Security: Malicious behaviors from some participants could not lead to protocol failures.
• Compatibility: It should be compatible with existing wallets, explorers, and other tools.

Based on these principles, Bitboost has been incubated. Bitboost publishes Ethereum-style transactions on Bitcoin and utilizes an off-chain indexer with EVM (Ethereum Virtual Machine) integrated to execute these transactions. This allows for launching an EVM execution environment on Bitcoin, enabling the issuance of assets and deployment of DeFi applications within this environment.

• In terms of simplicity, Bitboost packages and compresses transactions into batches, similar to rollups, and then publishes these batches to the Bitcoin network. The transaction size and fee can be an order of magnitude lower than Bitcoin transactions.
• In terms of security, the entire protocol does not rely on multi-signatures and will not be halted by the failure of some nodes. Like other Bitcoin asset protocols, it is completely trustless.
• In terms of compatibility, the protocol participants can be divided into users and miners. For users, Bitboost is like an Ethereum chain and can be interacted with using existing Ethereum tools such as Metamask. For miners, they only need to help the protocol to inscribe transactions from the mempool onto Bitcoin through the Ordinals protocol, and then receive Bitboost’s native token as a reward.

Bitboost is referred to as a co-processor of Bitcoin. It is similar to how a GPU is commonly referred to as a co-processor of CPU, where the CPU delegates computationally intensive display tasks to the GPU, and the GPU, after computation, returns the results to the user through the screen. Bitcoin delegates the processing tasks of on-chain assets to Bitboost, and after Bitboost completes the processing, it returns the results to users through Ethereum-compatible APIs.

The difference between Bitboost and rollups lies in the fact that Bitboost’s state roots are not synchronized to Bitcoin, so they are not validated on Bitcoin through validity proofs or fraud proofs. Since Bitcoin does not have smart contracts, it lacks the ability to validate state roots. Therefore, a trustless 1:1 asset-pegged bridge between Bitboost and Bitcoin cannot be established. Instead, in Bitboost, the native token is exchanged with BTC through PBSTs (Partially Signed Bitcoin Transactions), the same way as other on-chain assets.

About Bitboost

Bitboost pioneers programmability in Bitcoin’s on-chain assets, offering a unique solution that combines simplicity, security, and compatibility. As a co-processor to Bitcoin, Bitboost introduces a new era, allowing users to redefine asset functions through smart contracts and enhancing the overall utility and scalability of the Bitcoin network.

Contact

TrustlessLabs
Trustlesslabs@proton.me