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BitcoinOS Makes Breakthrough, Unlocks Bitcoin Scalability & Functionality

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BitcoinOS, a superlayer protocol of trustless and interoperable Bitcoin rollups, has successfully verified the first-ever zero-knowledge proof (ZK-proof) on the Bitcoin mainnet, marking a groundbreaking milestone in crypto history. This unlocks unlimited scaling and functionality on Bitcoin without requiring any soft fork.

BitcoinOS Verifies ZK-proof on Bitcoin Mainnet

BitcoinOS created a historic moment in the crypto history making Bitcoin infinitely upgradable in a permissionless manner while requiring no changes to the consensus code. This means developers can build on Bitcoin blockchain without soft forks, enabling unlimited scaling and functionality.

 

The team confirmed that they successfully verified the first-ever ZK-proof on the Bitcoin mainnet. The final verification was confirmed in block 853626. The team also successfully controlled both BTC and Ordinals with a ZK-Bitcoin smart contract.

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“This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork. With BOS, the dependence on Bitcoin Improvement Proposals to introduce changes such as covenants to Bitcoin is massively reduced or, potentially, completely eliminated,” said Edan Yago, core contributor to BitcoinOS.

Also Read: Here’s Why Ethereum Price Is Falling Today

The New Era Of Crypto Market

The major development paves the way for more developers to build on the blockchain more efficiently and enables true decentralization. Bitcoin blockchain can rival the functionality of other crypto like Solana. It will help bring the $1.1 trillion altcoin market back home to the Bitcoin network.

BitcoinOS asserts the first ZK Proof Ordinal will also become available soon as developers. The team has also built a blockchain explorer for Bitcoin ZK transactions.

They will be celebrating the start of a new era for Bitcoin at the Bitcoin Conference in Nashville, Tennessee. The conference is expected to witness a massive gathering of crypto experts and enthusiasts. Donald Trump’s speech is the most talked about event in the conference.

BTC price fell 2% in the past 24 hours, with the price currently trading below $64,500. The 24-hour low and high are $63,833 and $67,113, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.

Also Read: Ripple CEO Brad Garlinghouse Defends Kamala Harris Amid Crypto Backlash

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bangkok to host Open AGI Summit and DevCon Conference to promote ethical AI development

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Bankok to host Open AGI Summit and DevCon Conference to promote ethical AI development
  • Bangkok will host the Open AGI Summit on November 13 alongside DevCon 2024.
  • The summit focuses on ethical AI development through decentralized governance models.
  • Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms.

Bangkok is set to be the epicenter of innovation as it hosts the Open AGI Summit on November 13, 2024, in conjunction with DevCon, a major blockchain developer conference.

These unique events aim to explore the intersection of Artificial General Intelligence (AGI) and decentralized technologies, fostering dialogue about the ethical implications of AI in a rapidly evolving digital landscape.

Supported by flagship partners including Google Cloud, Sentient, Polygon Labs, and SCB 10X|SCBX, the Open AGI Summit promises to engage both AI and blockchain communities.

All eyes on the Open AGI Summit

As the world advances toward AGI, concerns about centralized control and potential societal risks are becoming increasingly prominent. The Open AGI Summit seeks to address these anxieties by examining how decentralized, blockchain-based governance models can lead to safer and more transparent AI development.

By emphasizing collaboration and ethical dimensions, the summit aspires to ensure that AGI serves as a tool for universal benefit and prosperity.

The summit will feature prominent voices from the fields of AI, blockchain, and web3, including Pramod Viswanath, a professor of engineering at Princeton University, and Sandeep Nailwal, co-founder of Polygon.

Nailwal highlights the critical decision society faces: to allow a handful of corporations to dominate AI technology or to embrace a future where AI is open, transparent, and accessible to all. He asserts that blockchain technology can ensure the equitable distribution of AI benefits, guided by collective values.

Discussions at the summit will cover essential topics, including advancements in AI safety research, decentralized governance structures, and ethical considerations in AI development.

Attendees can expect a deep dive into the innovative synergy between AI and blockchain, emphasizing emerging applications that could redefine industries.

Ultimately, the Open AGI Summit aims to bridge the gap between academia, industry, and the decentralized AI community, fostering collaboration towards responsible AGI development.

This convergence is essential for ensuring that AI technologies are built with a commitment to ethical principles and societal benefit, marking a significant step toward a safe and beneficial future for AGI.



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Bankok to host Open AGI Summit and DevCon Conference to promote ethical AI development

Published

on


Bankok to host Open AGI Summit and DevCon Conference to promote ethical AI development
  • Bangkok will host the Open AGI Summit on November 13 alongside DevCon 2024.
  • The summit focuses on ethical AI development through decentralized governance models.
  • Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms.

Bangkok is set to be the epicenter of innovation as it hosts the Open AGI Summit on November 13, 2024, in conjunction with DevCon, a major blockchain developer conference.

These unique events aim to explore the intersection of Artificial General Intelligence (AGI) and decentralized technologies, fostering dialogue about the ethical implications of AI in a rapidly evolving digital landscape.

Supported by flagship partners including Google Cloud, Sentient, Polygon Labs, and SCB 10X|SCBX, the Open AGI Summit promises to engage both AI and blockchain communities.

All eyes on the Open AGI Summit

As the world advances toward AGI, concerns about centralized control and potential societal risks are becoming increasingly prominent. The Open AGI Summit seeks to address these anxieties by examining how decentralized, blockchain-based governance models can lead to safer and more transparent AI development.

By emphasizing collaboration and ethical dimensions, the summit aspires to ensure that AGI serves as a tool for universal benefit and prosperity.

The summit will feature prominent voices from the fields of AI, blockchain, and web3, including Pramod Viswanath, a professor of engineering at Princeton University, and Sandeep Nailwal, co-founder of Polygon.

Nailwal highlights the critical decision society faces: to allow a handful of corporations to dominate AI technology or to embrace a future where AI is open, transparent, and accessible to all. He asserts that blockchain technology can ensure the equitable distribution of AI benefits, guided by collective values.

Discussions at the summit will cover essential topics, including advancements in AI safety research, decentralized governance structures, and ethical considerations in AI development.

Attendees can expect a deep dive into the innovative synergy between AI and blockchain, emphasizing emerging applications that could redefine industries.

Ultimately, the Open AGI Summit aims to bridge the gap between academia, industry, and the decentralized AI community, fostering collaboration towards responsible AGI development.

This convergence is essential for ensuring that AI technologies are built with a commitment to ethical principles and societal benefit, marking a significant step toward a safe and beneficial future for AGI.



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A Blockchain Platform for Real-World Asset Digitization Officially Launches Mainnet

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LocaChain, the pioneering blockchain platform designed for the digitization and management of tangible assets, has officially launched its mainnet. This marks a significant leap in blockchain technology with applications spanning various sectors, including real estate, bonds, and other high-value assets. LocaChain aims to build a complete ecosystem focused on advanced, sustainable solutions to meet global economic development needs through tokenized assets.

Revolutionizing Real-World Asset Management

With its mainnet platform, LocaChain offers a secure, scalable, and efficient infrastructure that facilitates the digitization and management of tangible assets like real estate and bonds. This allows for fast and transparent transactions, enabling investors and businesses to save both time and costs. Asset tokenization provides superior asset management solutions with transparency and traceability, building strong trust among all participants.

Key Features of LocaChain

Beyond asset management, LocaChain offers a diverse suite of features, positioning the platform as a comprehensive solution for businesses, developers, and users. LocaChain’s core functionalities include:

Core Infrastructure & Application Development

  1. DApp Development: LocaChain supports an environment for decentralized application (DApp) development, enabling businesses and developers to create real-world blockchain applications across various sectors.
  2. Wallet Integration: Securely store and manage assets on LocaChain.
  3. Token and NFT Transactions: Smooth token and NFT exchanges within the ecosystem.

User Engagement & Social Features

  1. SocialFi Integration: Adds social finance features to enhance user engagement on LocaChain.

Asset Management & Product Traceability

  1. Real-World Asset Digitization: Tokenize high-value assets such as real estate and bonds for secure and efficient management.
  2. Product Traceability: Provides end-to-end product traceability, ensuring the reliability and authenticity of goods across various industries.
  3. NFT Vouchers: Businesses can issue and manage NFT-based vouchers, offering a dynamic, digital way to reward customers and build flexible loyalty programs.

Marketplace & Transactional Features

  1. NFT Marketplace: Integrates an NFT marketplace where users can trade digital assets using LCG as the main token and LCC as the gas fee.
  2. E-commerce and Auction Applications: Supports e-commerce and auction platforms, enabling businesses to list, sell, and manage products transparently on the blockchain for enhanced transaction credibility.

Advanced Token & Financial Tools

  • Multisend Token Feature via TrustKeys: Facilitates multi-token transfers, allowing users to efficiently distribute tokens to multiple recipients.
  • Multi-Token Staking: Users can stake various tokens within the LocaChain ecosystem to earn rewards.
  • Bridge to BSC: Provides a bridge for seamless asset transfers between LocaChain and Binance Smart Chain (BSC), enhancing interoperability with decentralized financial services.
  • Crypto Payment Gateway: Supports integrated crypto payment gateways, allowing businesses to accept cryptocurrency payments and optimizing global transactions in a digital-first economy.

LocaChain in LocaGo Ecosystem

LocaChain serves as the blockchain backbone of the LocaGo ecosystem, designed to connect users and businesses through blockchain and AI technology. The LocaGo ecosystem encompasses multiple applications to enhance interaction between businesses and customers while increasing community engagement in real-world economic activities.

With its mainnet launch, LocaChain goes beyond asset management to become a vital part of a comprehensive digital ecosystem, offering optimal solutions for businesses and users in managing tangible assets and conducting transparent transactions.

For more details on LocaChain and LocaGo ecosystem, please visit the official website at https://locachain.io.

Contact

For media inquiries, partnerships, or further details, please contact:

LocaGo Media Relations

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