Technology
Mysten Labs Unveils Decentralized Storage Protocol Walrus
Published
5 hours agoon
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adminMysten Labs has taken the wraps off its decentralized storage and data availability protocol Walrus, at its Sui Builder House event in Singapore.
“Recognizing the importance of data and the lack of storage innovation in recent years, Mysten has chosen decentralized storage as the next key area to tackle to make Web3 a reality,” Janet Wu, Director of Product at Mysten Labs, told Decrypt.
The release of the Walrus whitepaper and the announcement of the upcoming WAL token will see the project move to the next stage of its development, following its devnet launch in June 2024.
The decentralized storage platform “unlocks Web3 for applications such as social networks with rich content requirements, collaborative platforms such as GDocs, and AI training with data provenance guarantees,” said Mysten Labs researcher Lefteris Kokoris-Kogias in a tweet.
Decentralized storage enables data to be “stored across multiple nodes, providing robust resistance to censorship and enhanced reliability,” Kokoris-Kogias explained.
Walrus is a “next-generation” decentralized storage platform, Sui Product Marketing Manager Casson Rosenblatt told Decrypt. Built atop layer-1 network Sui, Walrus stores data as files called “blobs.”
At its heart is a new data encoding algorithm, Red Stuff—leveraging a novel algorithm based on fountain codes, whose simplicity “allows for the encoding of large files in a single pass, resulting in significantly faster processing,” according to the Walrus whitepaper.
WAL tokenomics
During a presentation, Janet Wu, Director of Product at Mysten Labs, explained the tokenomics behind Walrus’ proof of stake token WAL.
WAL’s staking model enables nodes to receive data in proportion to their relative stake, Wu explained, with storage prices set collectively by storage nodes and payments from users passing back to stakers in the form of staking rewards. Attestation sees storage nodes undertake “asynchronous data challenges” in order to ensure they retain data, with their stake being slashed should they fail the challenges.
WAL also functions as a governance token, with stakers using it to vote on parameter adjustments. Its tokenomics are designed to allow Walrus’ storage nodes to “regroup and function,” as well as incentivizing participants to “work as a decentralized system,” Wu explained.
With the Walrus testnet set to launch later this year, the platform is already seeing interest from projects looking to leverage its decentralized storage offering. Breaking the Ice, a Walrus Devnet Hackathon, has already seen 60 submitted projects and 288 registered participants, with a $50,000 prize pool on offer for the winning teams.
Decrypt itself has onboarded with Walrus, and is set to store its news articles, videos and photos on the protocol.
“Any builder from any chain is able to build on Walrus,” said Wu. “While Walrus uses Sui as the underlying coordination layer, Walrus is chain-agnostic and any apps from any chain can work with Walrus,” she explained, adding that the protocol is designed for “anyone who’s looking to decentralize their stack, to decentralize their storage. You can build Web2 apps that use Walrus to take advantage of its resiliency and transparency.”
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Arthur Hayes-Backed Maelstrom Funds BIPs Editor Atack, BOB Launches Uniswap V3
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adminMaelstrom, a decentralization-focused venture firm managed by the family office of BitMEX co-founder Arthur Hayes, announced in a press release Thursday that Jon Atack (GitHub profile) is the second recipient of its Bitcoin Grant Program, to continue his research and development work. According to a bio, Atack started contributing to Bitcoin Core in 2019 and recently was made a maintainer and editor of the Bitcoin Improvement Proposals (BIPs) repository. “Bitcoin isn’t perfect,” Atack said in the press release. “Among other things, it needs further decentralization, continued vigilance, review, bug-fixing, updates, maintenance and improved robustness, performance, privacy, scaling, documentation and user experience.” Maestrom awarded its first developer grant earlier this month, after unveiling the program in July. The goal is to fund open-source Bitcoin developers, since unlike many newer crypto projects, Bitcoin has no single company or foundation driving the strategy or providing top-down funding.
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Art
Celebrating the 50th year of IMO Treaty with blockchain tech and art shows
Published
6 days agoon
September 25, 2024By
adminDisclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.
The World Maritime Day 2024 will take place on September 26, 2024, with the International Maritime Organization World Maritime Day Parallel Event to be held in Spain from October 20-22, 2024. And art shows held in the US as part of Climate Week NYC. This year’s World Maritime Day marks 50 years since adopting the 1974 SOLAS Convention, the key IMO treaty regulating maritime safety, with a theme “Navigating the future: safety first!”
The theme is closely linked to the UN 2030 Agenda for Sustainable Development and several of the UN’s Sustainable Development Goals, particularly SDG 7 on ensuring access to affordable, reliable, sustainable, and clean energy research and technology; SDG 8 on promoting sustainable economic growth; SDG 9 on building resilient infrastructure and sustainable industrialization that fosters innovation; SDG 13 combating climate change and its impacts; and SDG 14 on conserving and sustainably using the oceans, seas and marine resources. As IMO Secretary-General Kitack Lim noted:
“This theme would allow us to focus on the full range of safety regulatory implications arising from new and adapted technologies and the introduction of alternative fuels, including measures to reduce GHG emissions from ships as IMO strives to ensure the safety and efficiency of shipping are maintained, and potentially improved so that the flow of seaborne international trade continues to be smooth and efficient.”
Usyncro is a Spanish-headquartered, sustainable online platform that simplifies international trade and transportation documentation by guaranteeing transparency, security, and carbon traceability through blockchain technology and artificial intelligence. The “Digital Logistics Corridor” won the “The Supply Chain Innovation” award from the United Nations Development Program this year. The platform uses AI and blockchain as a service by incorporating advanced functionalities focused on carbon footprint traceability, as detailed in Usyncro Investor Deck.
It cuts down on shipment related cost by bringing efficiency. It guarantees the integrity and traceability of documents, reducing the risks of fraud and errors. Facilitates compliance with international customs and tax regulations, a significant challenge for businesses engaged in global trade by reducing compliance risk of penalties. Therefore, the platform offers a step towards sustainability in global logistics. Cristina Martin, CEO and co-founder of Usyncro, explained that her platform is “a B2B & B2G multimodal, carbon neutral, interoperable, and dynamic SaaS platform that streamlines global logistics by using artificial intelligence and blockchain as a service. We are currently focused on Europe and Latin America, but we want to expand into the USA.”
Usyncro officially began operating in Latin America after signing an alliance with ALACAT, the Federation of National Associations of 16 countries of Freight Forwarders and International Logistics Operators of Latin America and the Caribbean. This alliance intends to promote digital corridors between Europe and Latin America and was strengthened with the interoperability agreement between Usyncro and CargoX, two leaders in blockchain-based solutions for the electronic management of commercial documents within the supply chain. As Cristina Martin added:
“We have valued this impact in the volume of documentation generated when shipping goods and for every ten tons of paper we are saving 4,000 tons of CO2 emissions into the atmosphere.”
This sustainable partnership between Usyncro and CargoX, leverages blockchain technology for logistics and document management and significantly eases the complexities of international trade. It streamlines processes, reduces barriers to entry into new markets, facilitates regulatory compliance, and enhances global trade management. The collaboration not only represents a step forward in digitalizing international trade but also opens up a wealth of opportunities for businesses and entrepreneurs to innovate and grow in the global marketplace. As such, it stands as a beacon for the future of international commerce, where blockchain technology drives efficiency, transparency, and accessibility.
CWNYC World Maritime Day Art Shows
As part of my Climate Week NYC art shows, I prepared two events for World Maritime Day, which are United Nations General Assembly events.
I collaborated with the world’s first Climate Change Museum, CUHK Jockey Club Museum of Climate Change, Climarte, Lord Howe Island Museum, Teiduma, SEACHA, and its partner Thai-based Changing Climate Changing Lives Film Festival to prepare these events that will be held at Putnam History Museum and Havre de Grace Maritime Museum.
Selva Ozelli’s CWNYC Art Shows
Date: September 26
12-1 PM, PHM, 63 Chestnut Street, Cold Spring, NY
10 AM – 5 PM, HDGMM, 100 Lafayette Street, Havre de Grace, MD
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Bitcoin
Aethir, Filecoin Foundation Form Alliance for Enterprise-Grade Decentralized GPU Compute
Published
1 week agoon
September 21, 2024By
adminAethir, a project for decentralized GPU cloud computing, and Filecoin Foundation are establishing an alliance to provide clients with enterprise-grade solutions to support their businesses with decentralized infrastructure, according to a blog post: “As part of our collaboration with the Filecoin Foundation, Aethir will explore GPU leasing to Filecoin’s storage providers, thus providing Filecoin’s infrastructure network with a reliable and secure source of GPU cloud computing supplies. In parallel to becoming sealing-as-a-service providers, some of Filecoin’s storage providers can borrow GPU capacity from Aethir if they need excess processing power to seal data onto Filecoin’s network… Aethir’s vast network of 43,000+ top-grade GPUs and our premium selection of 3000+ NVIDIA H100s for advanced GPU workloads can provide a highly scalable and trustworthy solution for all Filecoin storage providers needing additional GPU resources.” From a press release: “Additionally, Aethir has integrated with Lighthouse, a platform built on Filecoin offering perpetual storage, encryption, custom gateways and multi-chain smart contracts. Aethir plans to upload AI and node-focused data to the Filecoin network, via Lighthouse. By archiving critical data sets such as TensorOpera Fox-1 to the Filecoin network, Aethir is ensuring transparency, accountability and robust audit trails for AI model governance. Moving forward, Aethir plans to expand its use of Filecoin storage solutions to archive chain state data, enhance data management capabilities, and drive the vision of a fully decentralized ecosystem with minimized operational costs.” CoinDesk 20 asset: (FIL)
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