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Revolutionary Decentralized Exchange DEX with Near-Zero Fees Powered by Plasma Next

by Chief editor of world-today-news.com March 29, 2024

written by Chief editor of world-today-news.com

Luzern, Switzerland, March 29, 2024, Chainwire

Based on Plasma Next, DEX would be as convenient as CEX for trading with low fees, variances and waiting period.

INTMAX, the developer of Plasma Next, an open-source Ethereum scalability solution that offers near-zero gas fees to secure nano-transactions, has announced that IdeaSoft, a member of Sigma Software Group specializing in building fintech blockchain applications, is building a permanent decentralized system. exchange to Plasma Next. This strategic partnership leverages IdeaSoft’s extensive experience in WEB3 development across multiple industries, representing a significant leap forward in the Plasma Next ecosystem.

The permanent DEX, called JIBx, will offer zero transaction fees, switching, up to 250X leverage, and has an on-chain matching engine with private off-chain settlement and account layers powered by Plasma Next. Users will get the cheapest transaction costs and the highest performance with programmability while maintaining the security and stability of Ethereum.

INTMAX Plasma Next is the full version of Plasma, an Ethereum scalability solution presented in 2017 by Joseph Poon and Vitalik Buterin. Plasma Next solved the main problem of exiting the fund (complicated online requirements and chain verification costs) with zero knowledge. proof. By providing constant state growth per block without individual liquidity preparation measures and eliminating the need for constant online vigilance, Plasma Next offers a practical solution to the long-standing challenge of achieving statelessness in blockchain systems.

Recently, INTMAX Plasma Next partnered with ETH Samba to empower Brazil’s vibrant Ethereum developer community and introduced the innovative nanoMoney.js, a revolutionary JS library that aims to reward website users for engaging activities such as reading, liking, or creating content. Thanks to this collaboration, Plasma Next demonstrated it was able to facilitate a reward of $0.000000001 DAI, which is only possible when gas fees are near zero. Plasma Next makes Ethereum especially convenient for micro- and nano-transactions at scale.

Andrei Lazorenko, co-founder and CEO of IdeaSoft, said: “It’s a great pleasure to start using INTMAX Plasma Next with our team! This is exactly what we need to make many projects faster, more user-friendly, and ultimately widely used. Can’t wait to see what we build with this.

INTMAX co-founder Leona Hioki commented: “The team at IdeaSoft is very talented and professional, with unparalleled experience in financial trading in general and virtual currency in particular. I am sure that together we will be able to create a product of excellent quality. It is a great honor to work with them.”

JIBx uses Plasma Next for both the settlement and account layers, providing unmatched privacy, low trading fees, security and scalability. Differently, it offers a permanent on-chain limited order book using black-red tree sorting. This strategic choice significantly reduces transaction costs while increasing the number of transactions per second (TPS), setting a new standard for DEX technology.

This DEX is the first model of its kind that combines the convenience of a centralized exchange with the integrity and security of decentralized platforms. Among its new features are:

Near 0 transaction fees – Plasma Next allows you to reduce fees to less than a cent
Model of effective funding rates: Marginal rewards are available as soon as you open your position.
Bootstrapped Re-staking: By using stablecoins and LST-based assets, we create an intriguing multiplier effect. This allows us to distribute points for repeat bets and allows us to share fees with active traders.
Stablecoin un LST Staking Pools: A stable coin pool provides a lock in liquidity during margin trading. Meanwhile, the LST rate fund offers rewards and reduced trading commissions.
Permanent swaps with high leverage: Offers up to 250X leverage backed by innovative algorithms and an insurance fund to effectively manage high-risk operations.

By supporting IdeaSoft in the development of the JIBx platform, INTMAX not only contributes to the growth of the Plasma Next ecosystem, but also contributes to the broader blockchain community. This initiative highlights a commitment to innovation, open source development and the democratization of finance, marking a key step towards a more accessible and efficient decentralized financial environment.

Plasma Next is a revolutionary development that promises to redefine blockchain scalability and privacy in the digital age. Addressing the need for a constant online presence, a critical barrier to user adoption, Plasma Next marks a significant step forward in providing developers with a platform to build secure and highly scalable dApps.

Par IdeaSoft

IdeaSoft is an EU-registered custom software development company with over 7 years of experience and over 250 projects. The company mainly focuses on the development of blockchain and web 3.0 solutions, with special emphasis on CeFi, DeFi, dApps, blockchain games, blockchain infrastructure, RWA tokens, security tokens, custom blockchain solutions and smart contract development. In addition, the team has extensive experience in building fintech and banking apps ranging from neobanking, core banking, open banking and embedded banking to BaaS. IdeaSoft is an official partner and member of Sigma Software Group since 2021.

By INTMAX

INTMAX is the developer of Plasma Next, an open-source Ethereum scalability solution that offers constant near-zero gas fees to secure nano-transactions. It is a stateless Ethereum layer built for mass adoption, offering a highly efficient, secure and scalable solution for blockchain applications. INTMAX provides a ready-to-use solution to power any application and service with instant, most secure and near-zero-cost cryptocurrency transactions.

For more information visit: Website | X | GitHub | Document

get in touch

Sergey Medvedev
[email protected]

2024-03-29 17:11:41
#IdeaSoft #Launch #Innovative #Perpetual #DEX #INTMAX #Open #Source #Plasma

March 29, 2024 0 comments

News

Organizing a run to celebrate the 100th anniversary of Nha Trang’s founding

by Chief editor of world-today-news.com January 14, 2024

written by Chief editor of world-today-news.com

(PLO)- The race’s organizing committee committed to spending funds to organize social security activities in Khanh Hoa province.

On January 14, leaders of Khanh Hoa Provincial Youth Union said that in response to the series of events of Nha Trang Sea Tourism Festival 2024, celebrating the 100th anniversary of construction and development of Nha Trang City, the unit will coordinate with China. Thang Travel organizes the Unique Nha Trang H-Marathon 2024.

Accordingly, the running race is expected to attract 3,000 participants, with distances of 5 km, 10 km, and 21 km for men and women.

For the 5 km distance, children from six years old need to be accompanied by a guardian; for the 10 km distance, if a teenager from 12 years old participates, they also need a guardian to accompany them.

Nha Trang coastal road where the race takes place. Photo: XUAN HOAT

Khanh Hoa Provincial Youth Union said it will begin opening the online registration portal from January 14. Time to receive running BIB and race kit is June 14 and 15. The starting date is expected to take place on June 16, starting at That Theater (Vinh Hoa ward, Nha Trang city).

The route has a coastal route, in the direction from That Theater to Square 2-4 (Loc Tho ward, Nha Trang city).

In addition, within the framework of the run, people, teenagers, and tourists can register to participate run Exchange (free) with artists for the purpose of raising funds for the community.

Leaders of Khanh Hoa Provincial Youth Union said this is a major sporting event for the province’s youth. Thereby, creating a highlight to attract tourists to Nha Trang and Khanh Hoa. Create opportunities to exchange and connect with the community, spreading the message of healthy lifestyle and physical exercise.

“We commit to deduct funds from the tournament to organize social security activities in Khanh Hoa province,” said the leader of Khanh Hoa Provincial Youth Union.

Announcing a series of activities to celebrate the 100th anniversary of Nha Trang's founding

(PLO) – People’s Committee of Nha Trang City, Khanh Hoa province, announced a series of activities to celebrate 100 years of construction and development of Nha Trang City.

Xuan Hoat

January 14, 2024 0 comments

News

“Run or Die”? Dangerous “games” alarmed drivers in Aktau

by Chief editor of world-today-news.com October 22, 2023

written by Chief editor of world-today-news.com

In the dark, the video recorder of one of the drivers in Aktau captured the moment when several children were quickly running across a busy roadway outside a pedestrian crossing.

Today, information about the deadly game “Run or Die” is actively disseminated on social networks. Its essence is to cross the roadway in the flow of cars. In this case, the child either falls under the wheels, or thereby asserts himself by successfully winning the game.

Netizens urge drivers to be extremely careful while driving, and parents to monitor their children and prohibit such games, the outcome of which could end tragically.

The regional police department has not yet commented on this issue.

By the way, one of the public pages in Ridder published a video in which children seemed to be playing “Run or Die.” Fortunately, the driver managed to brake in time in front of the running teenager.

Such risky entertainment has already been seen earlier in the CIS countries.

October 22, 2023 0 comments

News

Running behind the truck, the only way to buy bananas at a fair in Santiago de Cuba

by Chief editor of world-today-news.com October 15, 2023

written by Chief editor of world-today-news.com

Dawn breaks and Yésica puts on the most comfortable clothes and shoes. Together with her two children, she tries to be one of the first to buy plantain donkey ( sponge, in the east of the country) and cassava at the agricultural fair that they hold every Saturday in the Micro 9 neighborhood, in the José Martí District, of Santiago de Cuba. The woman is anxiously waiting for the truck to arrive with the products so “not to have such a bad time this week,” but her plan is one thing and the result could be another.

“People run ready to be dragged by the truck, if they don’t die of hunger they will die crushed,” Yésica complains. To reach the vehicle, still in motion, and position yourself among the first customers, “you have to be a ninja,” he acknowledges, although in his case, as in that of so many others who come to the fair, “the survival instinct does not believe in danger”.

Organized by the city authorities, the fair is not a peaceful place and many times the Police intervene, as happened this Saturday. The relative low price of food, cheaper than in private squares, causes an unstoppable flood of people. Both a pound of burro plantain and cassava cost 15 pesos, in contrast to the 80 that private companies ask for. Both products have become the salvation of many homes in the area.

Meals are essential to occupy the space that the scarce five pounds of rice that are distributed in the supply book cannot fill. That amount of cereal is barely enough for a few days and Yésica assures that she cannot always buy the product for 200 pesos per pound, which is the current price of cereal in the informal market.

“I come to the fair with my children and we buy cassava and fongos at 15 pesos. That helps us stretch the little bit of rice they give us,” explains Yésica. “And we even have that for breakfast. If there is no bread, I fry cassava for the boys in the morning, because sometimes I can’t buy bread. “At least I need six loaves of bread a day and that costs 150 pesos.”

Physical skills, youth and some mischief are essential to fill the bag. Last Saturday, this Santiago woman’s 16-year-old son got caught in the moving vehicle and “took a place nearby, like number 15.” Behind the truck you can see every Saturday a line that quickens its pace or runs, there are also people with crutches, mothers carrying small children and the elderly.

“That day, although my son managed to be among the first, I arrived here at home almost at 12 noon and they do this fair very close,” adds Yésica, referring to others that take place in various parts of the city but for “How bad the transportation is, it’s not worth even bothering to try to see what they sell there,” explains the woman.

That same day, Evaristo, another resident of the District, tells 14 intervene that “they even gave tickets for the slaughter and they sold only six pounds of cassava and 10 of sponge per person so that everyone could take a little, because otherwise, the first ones hoard everything and then you see them reselling the pound for 60 pesos.

But, beyond having more agile legs or younger children, hunger is hitting everyone, says Evaristo. For her part, another 68-year-old resident summarizes the harsh daily life in Santiago de Cuba: “Today I was telling my niece who lives in Spain, people are walking on the streets like crazy with transportation, without money, but above all , without eating. They faint even on the buses. At my grandson’s school, children faint every day because they don’t have breakfast nor can they bring a snack.”

“The boy told me that at his best friend’s house there is a law: ‘He who has lunch does not eat [cena]‘and he leaves the main course for the night and eats anything for lunch,” she adds.

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October 15, 2023 0 comments

News

GPS watches are more of a nuisance when running, top runners say

by Chief editor of world-today-news.com September 23, 2023

written by Chief editor of world-today-news.com

As a standout collegiate runner at the University of Notre Dame in Indiana and then at the University of Tennessee, Dylan Jacobs refused to use an aid that many of his peers considered indispensable. But when he occasionally succumbed to peer pressure and strapped on a GPS sports watch, he re-examined why they were more of a nuisance, The New York Times news site wrote.

“Every run felt a lot longer,” said Jacobs, 23, a three-time NCAA champion who recently turned pro. “That was one of my main problems. I wasn’t enjoying the run at all, I wasn’t enjoying the scenery around me. Instead, I was checking my watch every quarter mile to see how much I had left.”

GPS watches, such as those from popular brands Garmin, Suunto and Coros, are equipped with satellite technology and heart rate sensors that offer a full range of features. Want to know how far and how fast you’ve run? How many milliliters of sweat did you sweat in Central Park last weekend? What about your average stride length? Their frequency?

For many, a GPS watch is an extremely useful training tool. However, there are those, including world-class runners like Jacobs, who find it hard to understand the enthusiasm for the feature-packed watch. For them, the abundance of data on offer is more of a hindrance than a help.

And listen to this: Some runners don’t wear a watch at all, smart or regular. “I like to focus more on the feel of the run and everything else than the time,” Jacobs said.

Heather MacLean, an Olympic 1,500-meter runner, recalls a time in her life when she enjoyed the utility of a GPS watch. As a student at the University of Massachusetts, working in a neuroscience lab, she realized the importance of sleep – and most importantly, that she didn’t get enough of it. So she started using a Garmin Forerunner watch to monitor whether she was getting enough rest and adjust her schedule accordingly.

They rob me of the joy of running

Later, when she was racing professionally for the New Balance Boston team, she tried to consistently use the GPS watch, but had several problems with it. First, she kept forgetting to charge them. “I kept letting them run out and I’m so lazy about things like that,” she said. And secondly, Heather MacLean realized that her watch was robbing her of the joy of running.

“I hated that every run I felt like I had to check my pace and distance and everything else,” MacLean said. “So I just decided to stop it for a while and switch to regular watches.” She never went back to the smartwatch, and now 28-year-old MacLean wears a regular watch she bought for ten dollars at Walmart.

“I’m not under the pressure of feeling like I have to count every kilometer, and I’ve also improved my ability to listen to my body,” she says. “I have no qualms about skipping another training session when I feel tired. I’d rather tell my coach that I’m just going for a walk,” she added.

Sam Prakel was excelling at running at high school in Versailles, Ohio, when his team’s assistant coach introduced him to the magic of a GPS watch. Prakel invested in them, but it was a mistake. “I started running too fast and it was harder to recover from all my runs because I was focusing so much on pace,” Prakel said.

“I found out pretty quickly that it wasn’t good for me,” Prakel added, buying a regular Timex Ironman watch that he’s stuck with ever since. He became a five-time All-American while attending the University of Oregon and has been running middle and long distances in recent years.

The reigning U.S. indoor champion in the 1,500 and 3,000 meters has a system that works for him and is, in a sense, a throwback to the past. What did runners do before smartwatches? They had to guess. In Prakel’s case, 65 minutes of running corresponds to roughly ten kilometers, and a half-hour run to roughly four kilometers. He does not need more precise data.

“As long as I’m doing the same thing every week and I’m consistent, nothing else matters,” he said, adding, “I feel like I’m better off not having to worry about all that data.”

Video: The sprinter was so slow that she immediately fell out of the shot. She was a relative of the union boss (3/8/2023)

The sprinter was so slow that she immediately dropped out of the frame. She was a relative of the union boss Video: Associated Press

September 23, 2023 0 comments

Business

Continental’s Breakthrough in New Generation Artificial Sun Technology: Key Technical Problems Solved

by Chief editor of world-today-news.com August 27, 2023

written by Chief editor of world-today-news.com

Continental’s new generation of artificial sun has broken through many key technical problems. (WeChat public account of China National Nuclear Corporation) The new generation of artificial sun in mainland China has broken through many key technical problems. (WeChat public account of CNNC)

According to the WeChat public account of China National Nuclear Corporation on the 26th, the new generation of artificial sun “China Gyre-3” made major scientific research progress on the afternoon of the 25th, and for the first time achieved a high-constraint mode operation under a plasma current of 1 million amperes, which once again refreshed the magnetic confinement fusion in mainland China. The operation record of the device has broken through key technical problems such as plasma high-current high-constraint mode operation control, high-power heating system injection coupling, and advanced divertor configuration control. Confinement fusion research has taken an important step towards high-performance fusion plasma operation.

In order to realize fusion energy, it is necessary to improve the comprehensive parameters of plasma to the conditions of fusion ignition. The high confinement mode (H mode) in magnetic confinement nuclear fusion is a typical advanced operation mode, which is selected as the standard operation mode of the International Thermonuclear Experimental Reactor (ITER) under construction, which can effectively improve the overall confinement performance of the plasma , to improve the economy of the future fusion reactor, compared with the normal operation mode, its plasma comprehensive parameters can be increased several times.

Controllable nuclear fusion, as a cutting-edge disruptive technology oriented to major national needs, has outstanding advantages such as rich resources, environmental friendliness, and inherent security. It is currently recognized as one of the important ways to finally solve human energy problems. , The construction of national defense industry has important strategic significance. Controllable nuclear fusion is an important part of the three-step strategic system of “thermal neutron furnace-fast neutron furnace-nuclear fusion furnace” in China’s nuclear energy development. Key technological variables to promote the construction of a new energy system and ensure national energy security.

On the basis of realizing the high-constraint mode operation of the million-ampere plasma current, the team of the new-generation artificial sun “China Circulation No. 3” will further develop core technologies such as high-power heating and current drive, and advanced plasma operation control to achieve core-level Plasma operation, research on cutting-edge fusion physics, and lay a solid foundation for China to carry out fusion combustion experiments and independently build fusion furnaces.

2023-08-26 09:27:37
#Continentals #generation #artificial #sun #breaks #key #technical #problems

August 27, 2023 0 comments

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