Ankr, the blockchain infrastructure platform, announced it has now helped the second project launch on BNB Application Sidechains (BAS) — Project Galaxy, a network for developers and organizations to leverage NFTs and digital credential data to build better products and communities on web3.
The Ankr platform supported Project Galaxy to create its dedicated ‘GAL Chain’ that will bring a better experience to everyone using the project to showcase their web3 credentials. Ankr provided the critical node infrastructure and app chain building tools to get them up and running on BAS in record time.
What are Ankr App Chains?
App Chains are Ankr’s scaling solution that combines the best of security, throughput, and customizability.
“Ankr’s unique experience in creating the framework for the BAS testnet was instrumental in helping them migrate their operations to a dedicated sidechain. This partnership comes just weeks after we enabled Meta Apes to launch on BAS, the first blockchain game to launch on the new ecosystem.
– The Ankr Team
Note that the GAL Chain is still on the BAS testnet but will be live soon on the new BAS mainnet.
Scalability and Utility for Project Galaxy
BNB Application Sidechains are aiding in scalability for decentralized applications. The GAL Chain provides the Project Galaxy development team with enhanced scalability, customization, and control benefits of having their own dedicated blockchain.
GAL Chain also creates even more use-cases for Project Galaxy’s web3 credentialing system as projects and users will be able to curate, disseminate, and authenticate credentials through their application modules, NFT minting, oracle credentials, and API credential.
nkr Provided Infrastructure & Building Tools
Ankr’s new App Chain solutions gave Project Galaxy everything they needed to get the GAL Chain up and running on BAS while surpassing all industry standards for node infrastructure.
App Chains provide everything that projects need with plug-and-play tools to create their own blockchain on sidechain/subnet ecosystems like BAS, Polygon Edge, or Avalanche.
Ankr helps any developer create their own sidechain/subnet on the aforementioned ecosystems.
Project Galaxy wanted its community to have the best user experience possible. That means they needed fast, reliable, and distributed node infrastructure.
GAL Chain RPC Nodes: Ankr provided load-balanced RPC endpoints that empowered Project Galaxy developers to have as many full nodes as they needed in the regions closest to their users. Serving over 200 billion RPC requests per month, Ankr is a leading provider of access to RPC endpoints across the multi-chain space.GAL Chain Validators: Ankr provided the decentralized validators necessary to secure the GAL Chain. Ankr’s validator binary and configuration for the GAL Chain made it easy to create validators corresponding with the BNB Chain. Ankr operates more than 2,000 validators for ETH2, BNB, Polygon, Avalanche, and Fantom.
Building Solutions From Ankr
Decentralized applications like Project Galaxy and seb3 games like Meta have already benefited from Ankr’s “blockchain in a toolbox” app chain solutions.
The below list offers everything needed for new web3 startups, established dApps, and web2 organizations coming to blockchain to get set up on their own subnet blockchain:
Validator binary + config file (.toml) – Get validator nodes up and running for your App Chain easily with all of the necessary information to launch validators in accordance with your chosen parent chain.Load-balanced RPC endpoints – Ankr provides load-balanced RPC endpoints that empower App Chain developers to have as many full nodes as they would like in the regions closest to their users.White-label block explorer – Transparently display transaction and address data for your users without building anything on your own by integrating your chain with Ankr’s block explorer.Faucet for testnet tokens – Use Ankr’s codebase to create customizable testnet faucet solutions to provide your app or game with the resources needed for testing before going live on the mainnet.Direct staking support through a UI – Grow your application and increase your staking
Title: Ankr assists its second project in the launch of its own blockchain with ‘App Chain’ toolbox
Sourced From: www.cryptoninjas.net/2022/06/06/ankr-assists-its-second-project-in-the-launch-of-its-own-blockchain-with-app-chain-toolbox/
Published Date: Mon, 06 Jun 2022 19:07:54 +0000
LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys
Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.
This morning through their social media platforms, the FMF and Bitso announced the opportunity to acquire the new official National Team fan jerseys ahead of the team’s participation in the 2022 World Cup. In just 20 minutes, the entire collection sold out.
The NFTs of the jerseys have an exclusive design for the metaverse – each is unique on the blockchain and can be resold by its owner in subsequent transactions.
The collection consisted of 100 official physical jerseys, each with a corresponding NFT version of the jersey that fans’ avatars can wear within the Decentraland metaverse. Each physical and NFT jersey set sold for the equivalent of $1,800 MXN in ethers.
“Our mission is to make cryptocurrency useful in the everyday life of Mexicans; we are committed to spreading the technology through innovative opportunities that help people throughout the country familiarize themselves with this new world. We are very excited to offer the incredible, historic opportunity for the fans of our National Team so that through their Bitso account, they can wear the colors of the National Team on and ‘off’ the field in the metaverse.”
– Bárbara González Briseño, General Director of Bitso México
Created by Bitso, the virtual jersey sports the official colors of Mexico and the new National Team shield, characteristics that will make it stand out when users wear it in the virtual world of Decentraland.
The post LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys appeared first on CryptoNinjas.
Title: LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys
Sourced From: www.cryptoninjas.net/2022/07/29/latam-crypto-exchange-bitso-and-fmf-launch-nft-of-mexicos-national-team-jerseys/
Published Date: Fri, 29 Jul 2022 15:19:02 +0000
Did you miss our previous article…
Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth
EXMO, a crypto exchange platform operating since 2014, announced this week a rebranded visual identity with includes a new logo, brand colors, and design features. This new branding comes as EXMO continues to grow its crypto platform while also seeking to expand its presence in other jurisdictions.
Some new developments underway at EXMO:
Soon, users will be able to earn passive income from EXMO’s new staking platform.Plans to launch an EXMO crypto debit card.Expansion of its services in international markets with the opening of offices in Poland and Lithuania.
EXMO’s new logo
The rationale for the re-brand:
“At EXMO, we have a vision of a world where crypto is in every wallet. Hassle-free. We want to achieve this by making crypto as simple and accessible to everyone as possible. And we know that you already appreciate EXMO for offering user-friendly services and helpful support. Also for the opportunity to trade anywhere and anytime, closing deals in just a few taps. Such important changes required a rethinking of our corporate style, which has long needed a massive upgrade. So today we are introducing a new brand identity for EXMO with a completely new visual concept. We are launching a new logo, brand colors, and design elements. Our key design principles are simplicity, boldness, and a pinch of fun. But most importantly, we have changed our logo. Simple and easily recognizable, it represents the humanity of our brand. The logo stands out due to the wavy letter ‘m’ which symbolizes exchange rate charts and also resembles a spring that will launch you into the crypto world.”
– The EXMO Team regarding the re-branding
The post Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth appeared first on CryptoNinjas.
Title: Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth
Sourced From: www.cryptoninjas.net/2022/07/26/long-running-crypto-exchange-exmo-unveils-lively-rebrand-amidst-growth/
Published Date: Tue, 26 Jul 2022 08:10:38 +0000
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Stitching together the grid will save lives as extreme weather worsens
The blistering heat waves that set temperature records across much of the US in recent days have strained electricity systems, threatening to knock out power in vulnerable regions of the country.
The electricity has largely stayed online so far this summer, but there have been scattered problems and close calls already.
Heavy use of energy-sucking air-conditioners is the biggest problem. But intense heat can also reduce the output of power plants, blow transformers, and force power lines to sag. Severe droughts across large parts of the country have also significantly reduced the availability of hydroelectric power, according to the North American Electric Reliability Corporation (NERC).
It’s unlikely to get better soon. A number of grid operators may struggle to meet peak summer demand, creating the risk of rolling blackouts, the NERC report notes.
The nation’s isolated and antiquated grids are in desperate need of upgrades to keep the lights, heat, and air-conditioning on in the midst of extreme weather events that climate change is making more common, severe, and dangerous. One clear way to ease many of these issues is to more tightly integrate the country’s regional grids, stitching them together with more long-range transmission lines.
If electricity generated in one area can be more easily shared across much wider regions, power can simply flow to where it’s needed at those moments when customers crank up air-conditioners en masse, or when power plants or fuel supply lines fail amid soaring temperatures, wildfires, hurricanes, or other events, says Liza Reed, a research manager focused on transmission at the Niskanen Center, a Washington, DC, think tank.
The problem is it’s proved difficult to build more long-range transmission and grid interconnections for a variety of reasons, including the permitting challenges of erecting wires through private and public lands across cities, counties, and states and the reluctance of local authorities to forfeit control or submit to greater federal oversight.
The case of Texas
The unreliability of the US grid is not a new problem. Severe heat and winter storms have repeatedly exposed the frailty of electricity systems in recent years, leaving thousands to millions of people without power as temperatures spiked or plunged.
One of the fundamental challenges is that the grids today are highly fragmented. There are three main electricity networks within the US: the Eastern Grid, the Western Grid, and the Electric Reliability Council of Texas (ERCOT). But there are numerous regional transmission organizations within those first two systems, including the California Independent System Operator, Southwest Power Pool, PJM Interconnection, New York ISO, and more.
These grids form a complex web of networks operating under different regulators, rules and market structures, and often with limited connections between them.
A variety of regional transmission organizations oversee different parts of the nation’s aging and fragmented grids, which operate under different rules and with often limited connections between them.
ERCOT is especially isolated, in part because of the desire among local politicians, citizens, and power companies to avoid added competition, the hassle of following other states’ rules, and oversight from the Federal Energy Regulatory Commission (FERC). But the state offers a case study in why that can be a serious problem amid increasingly harsh climate conditions, Reed says.
The Texas grid operator pleaded with customers several times earlier this month to cut electricity use as blistering summer temperatures created demand surges that threatened to outstrip supply and require rolling blackouts. Low wind conditions, cloud cover, and outages at fossil-fuel power plants added to the strains.
Shutting off the electricity needed to run air-conditioning in triple-digit temperatures
By: James Temple
Title: Stitching together the grid will save lives as extreme weather worsens
Sourced From: www.technologyreview.com/2022/07/28/1056483/stitching-together-the-grid-will-save-lives-as-extreme-weather-worsens/
Published Date: Thu, 28 Jul 2022 08:00:00 +0000
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