Latest news with #Algorand
Business Upturn
18-05-2025
- Business
- Business Upturn
Bitcoin Solaris Unveils Hybrid Consensus Architecture Ahead of Nova App Mining Launch
By GlobeNewswire Published on May 18, 2025, 13:41 IST TALLINN, Estonia, May 18, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris is officially unveiling its advanced hybrid consensus architecture, purpose-built to support fast, decentralized applications with user-integrated mining and sub-2-second finality. This system will serve as the backbone for the upcoming launch of the Nova App, which enables everyday users to mine BTC-S tokens using their smartphones. The new consensus framework reflects Bitcoin Solaris' commitment to creating a scalable, secure, and participatory blockchain — one that aligns developer needs with real-world user access. Multi-Layer Consensus: Designed for Scale and Security Bitcoin Solaris operates on a dual-layer blockchain, each with a specific consensus mechanism optimized for its function: Base Layer: Secured through a combination of Proof-of-Stake (PoS) and Proof-of-Capacity (PoC) . PoS ensures sustainability and decentralization in validator selection, while PoC introduces verifiable randomness using committed disk space, strengthening the base chain's cryptographic resilience. Secured through a combination of and . PoS ensures sustainability and decentralization in validator selection, while PoC introduces verifiable randomness using committed disk space, strengthening the base chain's cryptographic resilience. Solaris Layer: Engineered for application execution and mining functionality, this layer uses Proof-of-History (PoH) and Proof-of-Time (PoT) to achieve deterministic ordering, precise time alignment, and ultra-fast block finality — exceeding 10,000 TPS with 2-second confirmations. This hybrid approach removes bottlenecks seen in single-mechanism blockchains, allowing Bitcoin Solaris to scale without compromising user experience or decentralization. Smartphone-Powered Mining via the Nova App As part of the broader rollout, Bitcoin Solaris will soon activate mobile-native mining via the Nova App. This novel mechanism enables users to mine BTC-S tokens by allocating idle CPU and storage on their smartphones — with no need for specialized hardware, staking, or infrastructure setup. Through this system, users directly contribute to network finality and block confirmation by participating in time-aligned consensus activities, earning daily BTC-S rewards while reinforcing network health. There are no slashing risks, bonding periods, or validator elections. The process is transparent, secure, and auditable — bringing true accessibility to blockchain participation. Independent Audits Completed Prior to deployment, Bitcoin Solaris underwent a comprehensive set of third-party audits and verifications to ensure technical reliability: These verifications establish a robust foundation for developers and users entering the ecosystem during this critical rollout phase. To better understand how Bitcoin Solaris's hybrid approach differs from single-mechanism chains like Algorand, Crypto Nitro explores the architecture, consensus assignments, and real-world benefits of multi-layer finality in a recent technical review. Presale Phase 3 Now Open The BTC-S token follows a fixed-supply, halving-based emission model with a hard cap of 21 million tokens. There is no staking-based inflation — tokens are distributed solely through presale and user mining via the Nova App. Presale Phase 3 is currently live, offering BTC-S tokens at 3 USDT each. Only 4.2 million tokens (20% of total supply) are allocated for presale access. The price will rise to 4 USDT in the upcoming Phase 4. Participants in this phase gain early access before mobile mining and centralized exchange listings begin. With its hybrid consensus architecture and mobile-first mining experience, Bitcoin Solaris is building a network for real-world adoption. As the Nova App activation approaches, both users and developers can now secure early access to a high-performance, decentralized future. Website: X (Twitter): Telegram: Media Contact:Xander Levine [email protected] Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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The Sun
27-04-2025
- Business
- The Sun
Luno Malaysia adds Algorand and NEAR Protocol to its digital asset offerings
PETALING JAYA: Luno Malaysia has expanded its list of digital assets with the launch of two new coins – Algorand and NEAR Protocol. The launch is also the first batch of digital assets approved by the Securities Commission Malaysia this year for both Luno and the country. The two new coins bring Luno's digital asset offerings in Malaysia to 20. The widened offering enables investors to explore more of the crypto ecosystem and diversify their portfolios safely and securely. Algorand is an eco-friendly blockchain enabling fast, low-cost transactions and scalable, secure decentralised applications (dApps), aiming for a sustainable, borderless digital economy while NEAR Protocol is a fast, scalable blockchain with low-cost transactions, high throughput, and user-friendly tools for dApp development, focused on decentralisation and sustainability. Luno country manager for Malaysia, Scarlett Chai, said, 'In 2024, Luno led the approval of seven digital assets with the Securities Commission Malaysia. We aim to double that this year, starting with these two digital assets. The team is actively engaging the regulator to launch new digital assets expeditiously/' She said the addition of two new digital assets expands the platform's total assets to 20, while the recent milestone of surpassing one million customers reinforces Luno's position as Malaysia's leading regulated digital asset exchange. In addition to the launch of ALGO and NEAR, Luno is broadening its Staking feature to include NEAR in the coming weeks. NEAR Staking would allow customers to earn up to 7% per annum in passive rewards, which are earned daily. 'Our recent staking launch of Polkadot and the upcoming NEAR Protocol rearm Luno's commitment to growing Malaysia's digital asset landscape by not only making digital asset investments a safe and accessible option, but also being innovative by enabling our customers to grow their holdings,' said Chai. Today, Luno is the country's only regulated digital asset exchange, providing customers with staking services for Ethereum, Solana, Cardano, Polkadot and, soon, NEAR Protocol.
Yahoo
13-04-2025
- Business
- Yahoo
New cryptocurrency draws attention as potential alternative to Bitcoin: 'A game-changer in the blockchain industry'
With great power comes great responsibility, and cryptocurrency is no exception. It usually takes a ton of energy to operate, but Algorand — a digital currency developed in 2017 — changed a key part of the technology, according to Blockchain Magazine. It's OK if you're unfamiliar with the language around this stuff or how it all works. Without getting into the weeds too much, all you have to know is that creating crypto relies on a secure ledger called the blockchain to manage transactions and that the standard way of using the blockchain sucks a ton of electrical power from the grid. What Algorand did was simplify how users interact with the blockchain when buying or selling Algorand currency. The result is a crypto coin that requires drastically less energy to keep up and running, Blockchain Magazine reported. Since much of the electric grid system still relies on burning dirty fuel sources to make energy, the Algorand solution is a win for keeping the planet cool and clean for us humans to live on. It also marks a unique opportunity for crypto enthusiasts, as more businesses are starting to lean on Algorand to power sustainable finance, the outlet explained. Despite weathering volatility during economic shifts, crypto owners frequently celebrate many coins as forms of money that operate in some ways more securely — and often less hierarchically — than traditional financial accounts. However, the world of cryptocurrency still has a long way to go to minimize its strain on the grid and environmental impact. Some critics also argue that Algorand's way of doing crypto is less secure and more centralized than the usual way things work. Others maintain that Algorand's system could change the whole crypto landscape and be a real competitor to other popular coins, such as Ethereum, which switched to a less energy-intensive "proof of stake" model in 2022. "[Algorand] … is a game-changer in the blockchain industry," fintech expert Dr. Lisa Benton said, per Blockchain Magazine. "If the industry continues to prioritize sustainability, Algorand will be a benchmark for future blockchain networks." Do you think EVs will dominate our roads in 15 years? No way Absolutely yes Only in some areas I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
