A quick look at the features, technology and planning of Iron Fish, a new privacy public chain

The concept of privacy coins or anonymous coins has undergone many iterations and updates in the cryptocurrency market. From the early Zcash, Monero, to the later Grin, Beam, and the recently publicized Iron Fish project, they all try to combine privacy and privacy. The property of anonymity is directly given to the native token of the blockchain network.

 The Iron Fish project believes that a privacy-focused platform is worth exploring, so in addition to supporting the features of previous generations of privacy coins, they will also focus on accessibility. Their protocol architecture design will start from the network layer, allowing users to achieve point-to-point network connections in browsers, through WebRTC and WebSockets transmission protocols. The Iron Fish project will not only provide the basic functions of privacy coins, but also hope to explore the potential possibilities of privacy coins from other aspects such as user experience, ease of use, and accessibility.

Iron Fish is currently in public beta, and anyone can run a full Iron Fish node. Funding information has also been made public, with $5.3 million raised from angel investors and institutions including Electric Capital (Avichal Garg), Elad Gil, Metastable (Naval Ravikant and Lucas Ryan), A Capital (Kartik Talwar), Slow Ventures (Jill Carlson), Dylan Field (Figma), John Lilly, Jack Abraham (Atomic), Juan Benet (Filecoin), Jack Chou, Balaji Srinivasan, Lemniscap (Roderik van der Graaf), James Prestwich and Linda Xie.

However, there are still many details of the project that have not been disclosed, such as the specific consensus algorithm, token economics design, etc., and can only wait for the team to make it public later.


Iron Fish name origin:

submarine

The team stated that Iron Fish was named after the submarine code used by the “Navajo Nation” codebreakers during World War II, which is a metaphor for the protection and defense capabilities of encryption technology.

According to Wikipedia, the Navajo ethnic group has its own language, Navajo, which has no written language and can only be passed on orally. Its composition is quite complicated, and almost no one from outsiders can understand it. Therefore, in the Pacific War, it was used as a password for clear code calls, so that the Japanese army could not crack the US code, and it was not cracked until the end of World War II. In the Navajo language, “submarine” can be directly translated as “iron fish”.

The Iron Fish team said, “We chose this name because it can demonstrate the power of cryptography, a complex modern concept can be described in relatively simple words, and it has two tradable commodities in its name: iron and fish .”

 

Iron Fish core technology:

 Zero-knowledge proof, Sapling, WebRTC

Unlike some privacy coin projects (such as Zcash), all transactions in Iron Fish are encrypted transactions, which means that users do not need to disclose any information to any third party.

 In order to achieve this function, Iron Fish chose zero-knowledge proof technology in terms of privacy technology, especially influenced by the Sapling (sapling) technology invented by Zcash, but there are also some differences. The zero-knowledge proof technology they use is the Sapling proof of zk-SNARK Groth16. 

Zero-knowledge proof has become the core and most worthy research technology in terms of privacy and capacity expansion in the industry. For the technical details of Iron Fish’s zero-knowledge proof, it is recommended to refer to the official white paper.

In addition, in order to design the cryptocurrency to be easy to use, any account can be equipped with a key with read-only permission, which can disclose the transfer information of the account. This may also be a mechanism designed to solve regulatory issues. For example, Tornado.Cash also designed such a mechanism, so that users can prove the source of their assets.

 In order to make it easier for users to access the network, Iron Fish uses a combination of WebRTC and WebSockets as the transport layer to solve the problem of router port forwarding.Iron Fish uses a lot of technology to help nodes establish direct communication, and it can be used out of the box. Whether it is in a CLI (command line interface) environment or in a web browser, anyone can easily access Iron Fish.

 

consensus:

PoW with 15-second block generation, and the mining algorithm has not yet been disclosed

Iron Fish uses a PoW consensus that requires computing power, similar to Bitcoin. They will also dynamically adjust the mining difficulty through algorithms to provide an average block time of 15 seconds, which is similar to Ethereum. 

As for the specific PoW algorithm, the specific details have not been disclosed in the white paper, and will be disclosed close to the launch of the project.

 

planning:

Custom Assets, Layer 2, Mobile 

Privacy is of course important as a function, but the ecology of the blockchain network is also the core competitiveness of building barriers. So judging from the next step of Iron Fish’s work, they also realized that they need to continue to explore ecological construction.

If you look at the asset side first, there is not only Iron Fish’s native token “IRON” in the network, but it also needs to support the issuance and circulation of other assets, such as stable coins or other types of third-party assets. In addition, the team did not disclose whether there is a “FISH” token, but there is a possibility.

In addition, Iron Fish also considers the issue of scalability, and will promote the construction of the Layer 2 network and plan ahead. And they said they will also explore richer web support and mobile support, so that more people can easily access this network.

 

ASAPool,ASAPool,a high-yield mining pool focusing on the privacy coins

Before the main network of Aleo was launched, it received up to 200 million US dollars of investment from A16Z, Softbank, Samsung NEXT and other venture capital institutions. Now Aleo’s valuation has reached 1.4 billion US dollars! The ironfish of the same privacy track received investment from Sequoia Capital and A16z. After this battle, the privacy public chain track can be said to have earned enough attention. Famous investment institutions have driven the vigorous development of the privacy public chain track. More and more people have seen the huge potential hidden in this track, and more and more people want to enter the privacy public chain track first and participate in mining.

 

However, everyone wants to get a share of the pie. There are more and more miners, and the computing power is getting bigger and bigger. This makes it difficult for individuals to mine with a single device to get block rewards, so ASAPool was born. ASAPool is a mining pool that focuses on the leading track of the privacy public chain. It integrates the scattered computing power in the blockchain network and shares rewards among all members. In order to help users get more rewards and achieve high returns, ASAPool has made a lot of efforts.

 

On the one hand, the ASAPool mining pool has a large scale of original computing power, such a large-scale computing power capital reduces the uncertainty of mining failure, greatly increases the probability of mining block rewards, and the user’s income is related to the resulting Guarantee, the income will naturally rise with the tide. On the other hand, the ASAPool team has actively participated in the Aleo and iron fish projects from the very beginning, and all parties have coordinated and optimized the hardware and software dedicated to Aleo and iron fish mining, which makes ASAPool’s mining equipment more performant and the server more stable . In addition, in terms of fund security, ASAPool adopts multi-layer protection, which can effectively ensure the security of user assets from infringement.

 

Time is money, this sentence is regarded as the truth in the blockchain world. At this moment, the battlefield of the privacy track is in full swing. Come and participate in ASAPool, a high-yield mining pool that focuses on the privacy track, and enjoy a wave of first-hand benefits as a new entrant!

 

About ASAPool

 

Official Website: https://asapool.com

Twitter: https://twitter.com/ASAPoolOfficial

A new generation of aggregated Web3 application platform ForMetas has established an ecological partnership with Cocos-BCX

BlockBeats news, on December 16, according to official news, ForMetas, a new generation of convergent Web3 application platform, and GameFi Service Provider Cocos-BCX officially reached a strategic cooperation and joined the Cocos-BCX ecosystem.

Users can directly participate in the Cocos-BCX ecosystem through ForMetas, and at the same time, they can pay through $Cocos to play a variety of games on ForMetas. In the future, the two parties will carry out more in-depth cooperation on games, pan-entertainment and other aspects, and jointly promote the large-scale application of Web3.

ForMetas is building a convergent Web3 application platform that provides users with a smooth and immersive entertainment experience. The goal is to establish a one-stop hub where users can obtain various entertainment resources in a fast, safe, license-free, incentivized and decentralized manner on one platform, including but not limited to a variety of chain games, live broadcasts, social , Metaverse and AR/VR applications. The first game, Gloryland, is currently in closed beta and is expected to be officially launched in January 2023.

 

 

The original text was translated from BlockBeats

https://www.theblockbeats.info/flash/119786

Looking for high-quality Web3 projects on BNB Chain in December

Let’s look for high-quality Web3 projects on BNB Chain this month. The projects introduced next include various fields such as DeFi, GameFi and even ultra-realistic 3D virtual character avatars. They were selected as the monthly stars in December.

TapFantasy IMG_256

Fantasy Metaverse, a virtual version of the acclaimed MMORPG Tap Tap Fantasy, is taking off on the GameFi scene. It features hundreds of characters and an unrivaled collection of NFT skins. Tap Fantasy is fast becoming the go-to choice for 3rd party designers and game developers, having a hand in crafting and building one of the most successful ACG GameFi + Metaverse projects in the world!

Click to learn more:https://www.tapfantasy.io/#/

Lifeform

IMG_256

Lifeform is creating hyper-realistic 3D avatars across platforms. Their NFTs and Decentralized Identifiers (DIDs), allow users to manage and protect the anonymity of their digital identities. The solution is straightforward and effortless to implement. By enabling it to join the Web3 revolution, Lifeform is striving to bring billions of users to the web.

Click to learn more:https://lifeform.cc/

Hooked

IMG_256

Hooked Protocol is building a ramp layer for the mass adoption of Web3. Providing tailored “learn and earn” products and onboarding infrastructure for users and businesses entering the new world of Web3. Through “Quiz-Earn” and other gamified learning experiences, Hooked is forming an engaging community economy ecosystem by facilitating and optimizing the onboarding process for all Web3 Pathfinders.

Click to learn more: https://hooked.io/

Wyre

IMG_256

Wyre puts financial power in the user’s hands through an easy-to-use API that enables a simple and secure cryptocurrency experience. Wyre believes power belongs to the builder – with the right tools, they can build anything.

Click to learn more: https://www.sendwyre.com/

NFTscan

IMG_256

NFTScan provides developers and users with professional NFT asset data search and query functions, including. NFT Collection, NFT Contract, Wallet Address, NFT TxHash and other multidimensional data search queries.

Click to learn more: https://www.nftscan.com/

Yuliverse

IMG_257

Yuliverse is an alternative reality metaverse parallel to the real world, bringing players a new way of life. At the same time, it is also a game-based social application. Yuliverse currently features thousands of fantasy storylines. By participating in role-playing, players can earn ARG and ART rewards by completing tasks.

Click to learn more:https://www.yuliverse.com/

Zebec Protocol

IMG_258

The Zebec protocol acts as a modular currency, layered, upgradeable and extensible through governance. Their goal is to fight for a DeFi revolution. Bring about changes in the Web3 digital economy. Build programmable money flows as the foundation for bigger, better and more legendary financial innovations.

Click to learn more :https://zebec.io/

Superpower Squad

IMG_259

Explore unknown worlds with your squad in 6 fast-paced games in SuperPower Squad! Superpower Squad was developed for entertainment and reimagined with blockchain partners to bring players high-quality gameplay and ecosystem. Players are invited to explore their heroic identities and form their own squads to battle in multiple PvP and PvE modes while earning rewards.

Click to learn more:https://ssquad.games/

BNB Chain Star of the Month – December

BNB Chain Star of the Month – December

Let’s look for high-quality Web3 projects on BNB Chain this month. The projects introduced next include various fields such as DeFi, GameFi and even ultra-realistic 3D virtual character avatars. They were selected as the monthly stars in December.

TapFantasy IMG_256

Fantasy Metaverse, a virtual version of the acclaimed MMORPG Tap Tap Fantasy, is taking off on the GameFi scene. It features hundreds of characters and an unrivaled collection of NFT skins. Tap Fantasy is fast becoming the go-to choice for 3rd party designers and game developers, having a hand in crafting and building one of the most successful ACG GameFi + Metaverse projects in the world!

Click to learn more:https://www.tapfantasy.io/#/

Lifeform

IMG_256

Lifeform is creating hyper-realistic 3D avatars across platforms. Their NFTs and Decentralized Identifiers (DIDs), allow users to manage and protect the anonymity of their digital identities. The solution is straightforward and effortless to implement. By enabling it to join the Web3 revolution, Lifeform is striving to bring billions of users to the web.

Click to learn more:https://lifeform.cc/

Hooked

IMG_256

Hooked Protocol is building a ramp layer for the mass adoption of Web3. Providing tailored “learn and earn” products and onboarding infrastructure for users and businesses entering the new world of Web3. Through “Quiz-Earn” and other gamified learning experiences, Hooked is forming an engaging community economy ecosystem by facilitating and optimizing the onboarding process for all Web3 Pathfinders.

Click to learn more: https://hooked.io/

 

Wyre

IMG_256

Wyre puts financial power in the user’s hands through an easy-to-use API that enables a simple and secure cryptocurrency experience. Wyre believes power belongs to the builder – with the right tools, they can build anything.

Click to learn more: https://www.sendwyre.com/

NFTscan

IMG_256

NFTScan provides developers and users with professional NFT asset data search and query functions, including. NFT Collection, NFT Contract, Wallet Address, NFT TxHash and other multidimensional data search queries.

Click to learn more: https://www.nftscan.com/

Yuliverse

IMG_257

Yuliverse is an alternative reality metaverse parallel to the real world, bringing players a new way of life. At the same time, it is also a game-based social application. Yuliverse currently features thousands of fantasy storylines. By participating in role-playing, players can earn ARG and ART rewards by completing tasks.

Click to learn more:https://www.yuliverse.com/

Zebec Protocol

IMG_258

The Zebec protocol acts as a modular currency, layered, upgradeable and extensible through governance. Their goal is to fight for a DeFi revolution. Bring about changes in the Web3 digital economy. Build programmable money flows as the foundation for bigger, better and more legendary financial innovations.

Click to learn more :https://zebec.io/

Superpower Squad

IMG_259

Explore unknown worlds with your squad in 6 fast-paced games in SuperPower Squad! Superpower Squad was developed for entertainment and reimagined with blockchain partners to bring players high-quality gameplay and ecosystem. Players are invited to explore their heroic identities and form their own squads to battle in multiple PvP and PvE modes while earning rewards.

Click to learn more:https://ssquad.games/

What do you know about ACH transfers?

What is an ACH transfer?
ACH transfers are everywhere. You may be using ACH transfers without realizing it. Direct deposit or online bill payment through a bank account are two examples of ACH transfers. Beyond that, you can use an ACH transfer to make a single or term deposit into an Individual Retirement Account (IRA), taxable brokerage account, or college savings account. Business owners can also use an automated clearing house to pay suppliers or receive payments from customers and consumers.
Through this system, automatic payments are becoming more and more popular. Nacha reported $29 billion in payments in 2021. This is an 8.7% increase over the previous year. During the same period, person-to-person and business-to-business transactions also increased to 271 million (+24.9%) and 5.3 billion (+21%) respectively.

Types of ACH transfers:
ACH transfers can be more convenient for senders and recipients. You no longer have to write and wait for a check to clear or have to pay your bill to the electric company by the due date. While all of these are still possible, you now have other options. ACH transfers allow you to send and receive money conveniently and securely without leaving home.

ACH direct deposit:
ACH direct deposit is any type of electronic transfer from a business or government entity to a consumer. Types of payments that fall into this category include: salary, employer reimbursement expenses, government benefits, tax refunds, annuity payments, interest payments. With ACH direct deposit, you can receive your money. When you send money, you make an ACH direct debit.

ACH direct debit:
Individuals, businesses, and other organizations can use direct debit to send money. For example, if you use your bank account to pay bills online, this is ACH direct debit. Social payment apps like Venmo and Zelle also use the web when you send money to friends and family. In an ACH direct payment transaction, the sender will see the ACH debit appear in their bank account. This debit shows who the money was paid to and for what amount. The person or entity receiving the money records it as ACH credit in their bank account. The former withdraws money from one account, while the latter pushes it into another.

Benefits of ACH transfers:
Paying bills or making person-to-person payments using ACH transfers has several advantages:The first is convenience. Paying your mortgage, utility bill, or other recurring monthly expenses with electronic ACH payments can be easier and less time-consuming than writing and mailing a check. Not to mention you can save yourself a few bucks by not having to spend money on stamps. ACH payments are more secure than other payment methods. Also, sending and receiving ACH payments is usually fast. Settlement of a transaction, or transfer of funds from one bank to another through the ACH network, usually takes place the day after the transaction begins. Nacha operating rules require credits to be settled within one to two business days and debits to be settled the next business day.
Another bonus is that ACH transfers are usually free, depending on where your bank is located and the type of transfer involved. For example, your bank may not charge you any fees to transfer money from your checking account to another bank’s account. If it does charge, it’s probably only a nominal cost of a few dollars. ACH transfers are more cost-effective than wire transfers, with fees ranging from $25 to $75 for international outbound transfers. Wire transfers are known for their speed and are usually used for same-day service, but can sometimes take longer to complete.For example, with an international wire transfer, it can take several business days to transfer money from one account to another, and then another few days to complete the transfer.

Are there any disadvantages to ACH transfers?
ACH transfers are convenient, but not necessarily perfect. There are some underlying rules to keep in mind and circumvent when using them to move money from one bank to another, send payments, or pay bills.

ACH transfer transaction limit:
Many banks impose limits on the amount you can send with an ACH transfer. There may be per transaction limits, daily limits and monthly or weekly limits. Bill payments may have one limit, while transfers to other banks may have another limit. Or one type of ACH transaction might be unlimited, but another might not. Banks can also impose restrictions on transfer destinations. For example, they may prohibit international transfers.

There may be penalties for transferring money from savings too frequently:
Savings accounts are governed by Federal Reserve Regulation D, which may limit certain types of withdrawals/transfers to six times per month. If you exceed this limit with multiple ACH transfers from your savings account to another bank, you may be subject to an over-withdrawal penalty. If frequent transfers from savings become routine, the bank may convert your savings account to a checking account.

Timing issues with ACH transfers:
When you choose to send an ACH transfer, the time frame is important. That’s because not every bank sends them for banking processing at the same time. There may be a deadline by which you need to make the transfer for it to be processed the next business day. Initiating an ACH transfer after the due date can cause delays, which can be a problem if you’re trying to avoid late fees on a certain bill by its due date. ACH takes an average of one to three business days to complete, which is considered slow in the age of fintech and instant payments. Same-Day ACH processing is growing to address the slow service of the standard ACH system. In 2021, intraday ACH transaction volume increased by 73.9% compared to 2020, totaling 603 million payments.
(Tip: Most money transfer apps charge no fees when sending money to friends and family, but some apps may charge a 3% fee when you pay with a credit card, so read the fine print.)

Other online remittance methods:
If you need a faster way to send money online, social pay money transfer apps can help. These apps allow you to send them money using their email address or phone number. The money you send can come from your bank account, credit card, or in-app balance.
Of course, there are traditional money transfer services like MoneyGram and Western Union. These services allow you to send money and pay bills online by setting up an account and linking it to your credit or debit card. Keep in mind, though, that these companies usually charge a fee.
The biggest advantage of these apps, aside from their ease of use, is the transfer speeds they can offer. Depending on which one you use, you may be able to send money within minutes. This gives them an advantage over ACH transfers.

What is an ACH bank transfer?
ACH bank transfers are electronic payments between banks for payment purposes. The network over which these payments occur is known as an “automated clearing house.” ACH bank transfers are used for a variety of purposes, such as direct deposit of paychecks, recurring debt payments, and money transfers.

What is required for an ACH transfer?
Information required to complete an ACH transfer includes account holder name, routing number, ABA number, account number, and amount to be transferred.

What is the difference between a wire transfer and ACH?
Both wire transfers and ACH transactions are used to facilitate the movement of funds. Wire transfers usually happen the same day and are more expensive. ACH transfers generally take longer to complete; however, same-day ACH transfers are becoming more common. ACH is also available for domestic transfers, while international transfers are done via wire transfer.

End:
ACH transfers are a relatively easy way to send or receive money. Either way, make sure you understand your bank’s policies regarding ACH direct deposits and direct debits. Also, be wary of ACH transfer scams. For example, a common scam involves someone sending you an email telling you you owe money and all you need to do is provide your bank account number and routing number to receive it. If something sounds too good to be true, it probably is.

If you want to know more about the development of Chia ecology, you can go to https://chiahub.co/ to learn more. Chiahub is currently the most comprehensive navigation tool for Chia ecology, providing the most complete and up-to-date ecological information services for Chia lovers around the world

新一代聚合性Web3应用平台ForMetas与Cocos-BCX建立生态合作关系

BlockBeats 消息,12 月 16 日,据官方消息,新一代聚合性 Web3 应用平台 ForMetas 与 GameFi Service Provider Cocos-BCX 正式达成战略合作,加入 Cocos-BCX 生态。

用户可以通过 ForMetas 直接参与到 Cocos-BCX 生态之中,同时可以通过$Cocos 支付来玩 ForMetas 上的多款游戏。未来双方就游戏、泛娱乐等多方面将展开更深度的合作,共同推进 Web3 的大规模应用落地。

ForMetas 正打造一个为用户提供流畅且沉浸式娱乐体验的聚合性 Web3 应用平台。目标是建立一站式枢纽,用户在一个平台内即可以快速、安全、无需许可的、具有激励的和去中心化的方式获得各种娱乐资源,包括但不限于多款链游、直播、社交、元宇宙和 AR/VR 等应用。第一款游戏 Gloryland 目前正在内测,预计 2023 年 1 月正式上线。

原文翻译自 BlockBeats

https://www.theblockbeats.info/flash/119786

XFORCE Enters GameFi and Participates in Investing in For Metas

The exploration of blockchain by countless people has made the virtual game industry based on blockchain flourish. When it comes to virtual games, the first thing we think of is GameFi, which is undoubtedly the hottest field at the moment. GameFi naturally has a distributed advantage that the traditional game industry does not have. Players can gain income through GameFi, making money while playing – Play to Earn. It’s also one of GameFi’s biggest selling points.

 

Therefore, XFORCE decided to invest in For Metas, For Metas (4MW) is a blockchain game aggregation platform for the future Metaverse. Committed to building a sustainable, open, and autonomous Metaverse ecosystem with games as the core, and injecting lasting vitality into the value of the platform through the construction of the game ecosystem. For Metas will continue to bring top-notch games and game experiences to platform players.

 

For Metas aims to build the world’s largest Gamefi platform under extreme deflationary mode. For Metas integrates game development, user experience, game launch, game incubation, game asset trading, etc., where users can enjoy the fun of the game and get monetary rewards. At the same time, developers will be able to access various resources in the game industry to create explosive games.

XFORCE Invests in For Metas

The exploration of blockchain by countless people has made the virtual game industry based on blockchain flourish. When it comes to virtual games, the first thing we think of is GameFi, which is undoubtedly the hottest field at the moment. GameFi naturally has a distributed advantage that the traditional game industry does not have. Players can gain income through GameFi, making money while playing – Play to Earn. It’s also one of GameFi’s biggest selling points.

 

Therefore, XFORCE decided to invest in For Metas, For Metas (4MW) is a blockchain game aggregation platform for the future Metaverse. Committed to building a sustainable, open, and autonomous Metaverse ecosystem with games as the core, and injecting lasting vitality into the value of the platform through the construction of the game ecosystem. For Metas will continue to bring top-notch games and game experiences to platform players.

 

For Meta World aims to build the world’s largest Gamefi platform under extreme deflationary mode. For Meta World integrates game development, user experience, game launch, game incubation, game asset trading, etc., where users can enjoy the fun of the game and get monetary rewards. At the same time, developers will be able to access various resources in the game industry to create explosive games.