Crypto Oasis has identified over 1,650 blockchain organisations in the country at the end of the last quarter of 2022
metaverse1 year ago
Fuse Network, a leading Layer-1 blockchain player specializing in scaling Web3 payments, has teamed up with Polygon Labs, a global blockchain technology firm. Fuse has created an Ethereum-based zero knowledge (ZK) layer-2 (L2) network, utilizing the capabilities of the polygon chain development kit (CDK).
The ZK-powered Layer-2 network will become Fuse’s new native platform, providing users and developers access to the world’s most prominent blockchain ecosystems. Fuse’s native utility token, FUSE, will be the designated token for covering gas fees on this network.
Mark Smargon, CEO of Fuse Network, said: “At Fuse, we’re pioneering the future of Web3 payments by building an ecosystem that prioritizes the needs of our users and partners. Our vision includes very low transaction costs, instant clearing and finality, high throughput, and a decentralized validator set. In our quest to achieve these goals, we’ve conducted extensive research and found that using Polygon CDK perfectly fits our ecosystem.”
Polygon Chain Development Kit (CDK) catalyzes blockchain innovation, empowering developers to create custom Ethereum Layer-2 (L2) solutions. It ensures instant transaction finality, limitless scalability, and unified liquidity pools. Polygon CDK is at the forefront of blockchain adoption, offering Zero-Knowledge (ZK) technology, privacy options such as Zero-Knowledge Proofs (ZKP), and robust support for the Web3 ecosystem.
With this development, Fuse Network aims to revolutionize Web3 payments, offering scalability, customization, privacy, and robust Web3 support. Moreover, this promises to bring low transaction costs, instant finality, high throughput, and decentralized security to blockchain payments.
Crypto Oasis has identified over 1,650 blockchain organisations in the country at the end of the last quarter of 2022
metaverse1 year ago
Strategy aims to add $4 billion to GDP, support creation of 40,000 virtual jobs, attract 1,000 technology companies to the emirate
metaverse1 year ago
It is important to educate ourselves and make sure the metaverse is 'open and transparent, and not owned by few,' Dr. Mark van Rijmenam asserts
metaverse1 year ago
More than 120 speakers will participate in the conference across four stages in over 60 sessions
metaverse1 year ago
Adnan M Kashwani says that it will enhance the workplace experience, transform the future of work, and raise new questions to be answered
metaverse1 year ago
This initiative is aimed at connecting people globally and cutting the costs that entrepreneurs have to face when doing an on-site event
metaverse1 year ago
The centre is open to the public from Saturday to Thursday and the experience also includes innovative shows using drones and hologram technology
metaverse1 year ago
Facebook parent Meta is spending billions of dollars each year to build what it sees as the next evolution of social computing. New York Times technology reporter Kashmir Hill spent two months in this immersive, three-dimensional world to find out why
metaverse1 year ago