Conflux Network’s BSIM Pilot Project with China Telecom to Ease Access to Web3 and Metaverse
It is reported that Conflux Network announced that it will launch the first BSIM pilot project in Hong Kong later this year in cooperation with China Telecom. …
It is reported that Conflux Network announced that it will launch the first BSIM pilot project in Hong Kong later this year in cooperation with China Telecom. It is reported that BSIM card integrates Conflux’s tree graph, dual proof of rights and workload proof technology, and can achieve the highest system performance for any blockchain in the world. Conflux hopes that this behavior can reduce the threshold for users to enter Web3 and Metaverse.
China Telecom will cooperate with Conflux Network to pilot blockchain-supported SIM cards in Hong Kong
Interpretation of the news:
Conflux Network, a next-generation blockchain protocol for decentralized applications, recently announced that it will collaborate with China Telecom to launch the first BSIM pilot project in Hong Kong later this year. This joint project aims to integrate Conflux’s innovative tree graph, dual proof of rights, and workload proof technology into the BSIM card. This integration is expected to achieve the highest system performance for any blockchain in the world, which can not only set new benchmarks of excellence but also provide a more accessible entry point for users interested in Web3 and the Metaverse.
The BSIM card is a hardware wallet that functions as a secure digital key to access and store cryptocurrencies. By integrating Conflux’s unique features, the BSIM card would be able to offer a higher level of security and scalability within the blockchain ecosystem. The tree graph structure can provide an optimal way to process and store data in a distributed network, while dual proof of rights can offer dual protection for users’ digital assets. Additionally, workload proof technology can strengthen the system’s efficiency and speed, making it faster, more reliable, and capable of handling higher transaction volumes.
Moreover, Conflux Network hopes that this BSIM pilot project could reduce the entry barrier for users interested in decentralized applications, metaverse, and other Web3 ecosystems. With the skyrocketing demand for crypto-related services, more people are looking for an accessible, user-friendly way to interact with blockchain technology. The BSIM card, integrated with Conflux’s high-performance blockchain technology, can be an essential step towards creating a more inclusive and democratic digital economy.
In conclusion, Conflux Network’s collaboration with China Telecom to launch the first BSIM pilot project in Hong Kong is good news for the blockchain industry. The integration of Conflux’s innovative technology into the BSIM card can bring enhanced security, scalability, and speed to users’ digital assets. Additionally, it can encourage more people to adopt blockchain technology and participate in the emerging Web3 and Metaverse ecosystems. Thus, this joint project can pave the way for a more open, equitable, and user-centric future of digital finance.
References:
1. Conflux Network. (2021, August 24). Conflux to Launch the First BSIM Pilot Project with China Telecom. Conflux Network. https://medium.com/conflux-network/conflux-to-launch-the-first-bsim-pilot-project-with-china-telecom-70c9b594e13.
2. BSIM. (n.d.). BSIM. https://www.bsim.com/.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/639.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
PV01: Revolutionizing the Debt Capital Market with Blockchain Technology
According to reports, crypto startup PV01 plans to use blockchain technology to solve long-term problems in the debt capital market. The first product the company plans to issue is
-
Push Protocol Announces BNB Chain Launch as an Easy-to-Use Communication Interface
On February 15, the Web3 communication platform Push Protocol (formerly EPNS) announced that it would launch BNB Chain. Push Protocol provides an easy-to-use c…
-
Binance Delists HNT and WABI
On March 17th, according to an official announcement, Binance will take off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. After the transaction of each corresponding transaction pair is stopped, all transaction orders will be automatically deleted. Binance will be taken off the shelves of HNT and WABI on March 24th Analysis based on this information: Binance, one of the world’s largest cryptocurrency exchanges, has recently announced that it will soon delist two cryptocurrencies from its platform. According to the official announcement made on March 17th, Binance will be taking off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. This move by Binance is not uncommon as it is a common practice in the cryptocurrency industry. Delisting occurs when an exchange removes a cryptocurrency from its platform, ultimately stopping trading…
-
NEAR Foundation Partners with Startup Wise Guys for MetaBUILD Hacker Marathon Projects
According to the official news, the NEAR Foundation announced the establishment of a partnership with the European startup accelerator Startup Wise Guys. The t…
-
Polygonscan Block Browser Breakdown Causes Network Performance to Temporarily Decline
It is reported that the Polygon block browser Polygonscan broke down for several hours on Wednesday. The browser is used to monitor and analyze the activities …
-
FLR-USD Trading Pair Now Available on Coinbase
On April 15th, according to official sources, the FLR-USD trading pair is now in full trading mode on the Coinbase Exchange, Coinbase Pro, and Advanced Trade, with limit orders, ma
-
Beosin EagleEye Reports Blockchain Security Attack Resulting in Loss of $500000
According to reports, according to the security risk monitoring of Beosin EagleEye, a blockchain security audit company owned by Beosin, the LockedDeal contract of ETH, BSC, and Poolz Finance on the Polygon chain was attacked, resulting in a loss of approximately $500000. An attacker called the vulnerable function CreateMassPools in the LockedDeal contract, and the_ A vulnerability in StartAmount triggers an integer overflow. In addition to obtaining a large number of poolz tokens, the attacker also obtained other tokens. Please raise the alert for related projects. Previously, Beosin EagleEye monitored a 90% drop in Poolz Finance related token $POOLZ Poolz Finance’s Locked Deal contract was attacked and lost approximately $500000 Analysis based on this information:According to reports from Beosin EagleEye, a blockchain security audit company owned by Beosin, there has been an attack on the LockedDeal contract of various tokens on the Polygon chain such as ETH, BSC, and Poolz Finance. The attack has resulted in a loss of approximately…
-
Ethereum Breaks Through $1700, Markets Fluctuate
According to reports, market data shows that Ethereum has broken through $1700 and is currently quoting $1700.1, up 3.15% in 24 hours. The market fluctuates greatly, please do a good job in risk control. Ethereum breaks through the $1700 threshold Analysis based on this information:Ethereum, the second-largest cryptocurrency by market capitalization, has recently broken through the $1700 price point. According to market data, the cryptocurrency is currently quoting at $1700.1, representing a 3.15% increase in the past 24 hours. This marks a significant achievement for Ethereum, which was valued at just $730 two months ago. However, it is important to note that the cryptocurrency market is known for its volatility, and as such, traders and investors are urged to exercise caution and implement risk control measures. The market is known to fluctuate greatly, with prices often shifting dramatically within a short period. Ethereum’s ascent is likely attributable to a number of factors, including growing institutional interest and adoption. This has…
-
New York’s Signature Bank Closed to Prevent Spread of Crisis
It is reported that the New York State financial regulator closed Signature Bank on Sunday to prevent the crisis caused by the collapse of Silicon Valley banks from spreading to other banks. The United States Treasury Department, the Federal Reserve and the Federal Insurance Depository Corporation issued a joint statement on Sunday that the depositors of this New York-based bank will be able to withdraw all funds, which is the same as the situation that allows depositors of Silicon Valley banks to withdraw deposits on Monday, and is an exception to similar systemic risks. The regulator closed the Signature Bank focusing on cryptocurrency business to avoid the spread of the crisis Analysis based on this information:The closure of Signature Bank in New York on Sunday by the state’s financial regulator has raised concerns about the possible spread of the crisis caused by the recent collapse of Silicon Valley banks. The move was taken as a precautionary measure to prevent contagion…
-
HedgeUp Raises Over $900,000 in Pre-sale Financing: Changing the Game for Crypto Investors
According to reports, HedgeUp, an alternative asset NFT trading platform, announced the completion of over $900000 in pre-sale round financing, with Cardano and Polygon chain inves