10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Setchain: A Sidechain To Increase TPS By A Thousandfold – By IMDEA In Partnership With Nomadic Labs And Tezos Foundation

IMDEA Software is a research institute that has been contributing to the Tezos ecosystem since its first partnership with the Tezos Foundation to advance the Tezos protocol in 2018.
The Setchain paper was showcased at the 2022 IEEE International Conference on Blockchain.

The study is a result of a collaboration with the Tezos Foundation and Nomadic Labs.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Setchain

IMDEA Software is a research institute that has been contributing to the Tezos ecosystem since their first partnership with the Tezos Foundation to advance the Tezos protocol in 2018. 

The Setchain paper was showcased at the 2022 IEEE International Conference on Blockchain.

The study is a result of a collaboration with the Tezos Foundation and Nomadic Labs. 

Besides optimistic rollups which are currently implemented in the Tezos protocol, there are more possibilities to scale the Tezos blockchain.

Setchain allows millions of new transactions to be added, whereas (traditional Byzantine-based) blockchains can usually only add thousands

– Antonio Fernández Anta, Research Professor at IMDEA Networks Institute.

Setchain is designed to be a sidechain and allows for more transactions in a block by using less strict rules for transaction order. 

“The scalability issue is mostly caused by the use of consensus algorithms to guarantee the total order of the chain of blocks (and of the operations within each block).

However, total order is often overkilling, since important advanced applications of smart-contracts do not require a total order of all the operations.

Hence, if a more relaxed partial order (instead of a total order) is allowed under certain safety conditions, a much higher scalability can be achieved.”

About the iMdea institute

The iMdea research institute is one of the seven research centers that form the iMdea initiative.

The iMdea initiative “is a project founded by the Madrid Regional Government, included in the IV Regional Plan of Scientific Research and Technological Innovation 2005-2008 (PRICIT), for the purpose of setting up advanced research centers and higher education and training in the Community of Madrid.”

The iMdea Software Institute recruits the best international talent to be at the forefront of research, to ensure that software is safe, reliable and efficient. 

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
Tezos Google Cloud Deployment

Tezos Foundation Enhances Blockchain Resilience and Security with Global Google Cloud Deployment

The Tezos Foundation has employed Google Cloud to establish a secure and resilient global network for its blockchain. The initiative rapidly deployed Tezos archive nodes on every continent using Google Cloud’s Compute Engine.

Read More

BitMart Announces Strategic Partnership For The Tezos Blockchain

BitMart Exchange has announced a new strategic partnership to support the Tezos blockchain, a prominent Proof of Stake (PoS) blockchain known for its self-upgradable and energy-efficient features. This collaboration marks a significant step in both platforms’ growth and development in the blockchain industry.

Read More

Werenode: Fusing Blockchain Brilliance with EV Charging Innovation

As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.

Read More