Blockchain firm raises $25m to revolutionize architecture

TL;DR Breakdown

  • Swiss-based Anoma Foundation has raised $25 million for the research and development of its third-generation blockchain architecture.
  • This new architecture is touted to facilitate the creation of completely decentralized applications (DApps) and services, providing more composability and ease of use than existing protocols.
  • Adrian Brink, the co-founder of Anoma, emphasized the “intent-centric” design of the architecture, aiming to further decentralize existing blockchain-based platforms.

With a recent cash infusion of $25 million, the Swiss-based Anoma Foundation is advancing its development and research into a novel blockchain architecture.

The ambitious initiative promises to disrupt the blockchain space with its innovative approach to decentralized applications (DApps) and services. This substantial backing underlines investors’ confidence in Anoma’s vision to redefine blockchain capabilities.

A pioneering approach to blockchain architecture

As one of the leading lights in the blockchain revolution, Anoma Foundation is making waves with its ground-breaking third-generation architecture.

This advanced blueprint allows the creation of a myriad of fully decentralized applications and services. These include the likes of decentralized exchanges (DEXs) and blockchain rollup protocols – a stark departure from traditional smart contract protocols like Ethereum and its Ethereum Virtual Machine (EVM).

According to Adrian Brink, a co-founder of Anoma, the organization’s pioneering intent-centric architecture offers more flexibility and ease of use than its predecessors.

Brink shed light on the evolution of decentralized systems during an interview with Cointelegraph. Bitcoin’s (BTC) scriptable settlement architectures marked the first generation, he explained, followed by Ethereum, which introduced programmable settlement architecture, thus forming the second generation.

“With Anoma, we are evolving further by emphasizing the decentralization of existing blockchain-based applications and platforms,” Brink stated. The intent-centric design, which forms the backbone of Anoma’s architecture, is the defining feature of this third generation.

Transforming decentralized systems

With the intent-centric approach, Anoma aims to enhance the fully decentralized versions of existing DApps, such as rollups, nonfungible token (NFT) marketplaces like OpenSea, and decentralized exchanges with centralized components.

The design will expand the capabilities of applications that were previously impossible to create on existing smart contract protocols.

Brink outlined some of the possibilities enabled by Anoma’s innovative framework: “From fully decentralized Gitcoin and Plural Money to Collaborative Finance and Multidimensional DAOs, our architecture is setting the stage for a new era of blockchain applications.”

The $25 million funding will fuel the ongoing development and research initiatives for Anoma’s architecture, as well as support the development of tools for its burgeoning ecosystem.

As we observe the blockchain industry’s rapid growth, the necessity for more scalable and secure systems becomes more evident.

Ethereum’s rivals such as Algorand, BNB Chain, and Avalanche have been working tirelessly to offer greater scalability or security, as a Chainalysis report from July 2022 noted.

Anoma’s intent-centric architecture is expected to lead a paradigm shift in how the industry architects decentralized systems. This could lead to a departure from the transaction or blockchain-centric approaches like those used by Bitcoin, Ethereum, and other networks.

The funding secured by Anoma signals a pivotal moment in the evolution of blockchain technology. With a fresh, intent-centric perspective, Anoma aims to overhaul the blockchain landscape and usher in a new generation of decentralized applications and services.

This revolution could be the leap needed for the decentralized technology to permeate even more aspects of our digital lives.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Blockchain firm raises $25m to revolutionize architecture

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月4日 17:07
Next 2023年6月4日 20:09

Related articles

  • BitMEX co-founder issues debt ceiling warnings

    TL;DR Breakdown Former BitMEX CEO Arthur Hayes has warned against the aftermath of the issues arising from the banking crisis in the US. Analysts discuss the potential of Bitcoin amid the constraints. Former BitMEX CEO, Arthur Hayes, has expressed expectations of significant Bitcoin volatility in the latter half of the year, attributing it to a potential “powder keg” explosion arising from the United States banking crisis and soaring national debt. Hayes, who currently manages the crypto-focused investment fund Maelstrom, shared his insights on the What Bitcoin Did podcast on May 26, where he made several predictions regarding the current economic outlook and the price of Bitcoin. The BitMEX co-founder tips Bitcoin for $70,000 in 2024 One notable prediction from Hayes is that he believes Bitcoin will not reach the $70,000 mark until 2024. He suggests that the year 2025 or 2026 could witness a “blow off top” for Bitcoin, followed by a period of significant decline. Hayes points to two primary drivers for this event: the practice of quantitative easing, which involves increasing the money supply, and broader social unrest….

    Article 2023年6月1日
  • Dropbox ends unlimited storage plans, cites crypto mining abuse

    TL;DR Breakdown Dropbox discontinues its unlimited storage Advanced plan, citing abuse by users for cryptocurrency mining and other resource-intensive activities. The company will transition to a metered model, offering 15TB of storage for new users, with the option to purchase additional storage add-ons. Description Dropbox, the popular online storage platform, announced the discontinuation of its unlimited storage Advanced plan, citing abuse by users engaged in cryptocurrency mining. The company revealed that the unlimited storage offering, initially designed for businesses, had been exploited for resource-intensive activities, including crypto mining and pooling storage for personal use. Dropbox policy to address unintended … Read more Dropbox, the popular online storage platform, announced the discontinuation of its unlimited storage Advanced plan, citing abuse by users engaged in cryptocurrency mining. The company revealed that the unlimited storage offering, initially designed for businesses, had been exploited for resource-intensive activities, including crypto mining and pooling storage for personal use. Dropbox policy to address unintended usage Dropbox’s Advanced plan was initially tailored to offer businesses the flexibility of unlimited storage as their teams expanded. However, the company found…

    Article 2023年8月27日
  • Hashflow price analysis: Following a reemergence of bullish momentum, the price climbs to $0.459

    TL;DR Breakdown The price has returned to $0.459 level. Hashflow price analysis predicts bullish comeback. Support is still steady at $0.440. The most recent Hashflow price analysis indicates a notable bullish recovery with today’s further elevation. Following the significant correction on May 31, 2023, which triggered a strong downtrend, the price has exhibited a consistent recovery since yesterday. The bulls have efficiently maintained control, leading to regained momentum, resulting in the current price of $0.459. HFT/USD 1-day price chart: The price’s proximity to $0.460 suggests a renewed possibility of improvement The one-day analysis of Hashflow’s price suggests a rise in price, as indicated by the return of a bullish candlestick on the price chart. Two days ago, the cryptocurrency experienced significant bearish resistance, resulting in a substantial decline in price. However, today, the bulls are attempting to recover from the bearish shock. As a result, the price has climbed to $0.459, slightly surpassing the moving average (MA) level of $0.455. HFT/USD 1-day price chart. Source: Tradingview The diminishing volatility suggests a possibility of fewer price oscillations in the coming days. As…

    Article 2023年6月7日
  • Venezuela’s President seeks entry into the BRICS bloc with China’s support

    TL;DR Breakdown Venezuela’s President Nicolas Maduro is actively seeking China’s support to join BRICS. Venezuela and China have signed a Memorandum of Understanding to cooperate on developing and modernizing special economic zones. The BRICS bloc has admitted six new members, expanding its influence and commitment to reshaping the global order. Description Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency … Read more Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency Xinhua, Maduro expressed his aim to secure Venezuela’s entry into BRICS, emphasizing the importance of China’s…

    Article 2023年9月10日
  • Is the U.S. losing its crypto edge? dYdX founder says ‘Yes’!

    TL;DR Breakdown Antonio Juliano, founder of dYdX, suggests crypto builders should stop serving U.S. customers for 5-10 years due to regulatory challenges. Industry leaders are divided on the issue, with some like Coinbase CEO Brian Armstrong optimistic about quicker regulatory clarity. Description Antonio Juliano, the founder of decentralized exchange dYdX, has sparked a heated debate by suggesting that crypto builders should forgo serving U.S. customers for the next 5 to 10 years. In a thread on X, formerly known as Twitter, Juliano argued that the U.S. market presents too many regulatory hurdles for crypto startups, advising them … Read more Antonio Juliano, the founder of decentralized exchange dYdX, has sparked a heated debate by suggesting that crypto builders should forgo serving U.S. customers for the next 5 to 10 years. In a thread on X, formerly known as Twitter, Juliano argued that the U.S. market presents too many regulatory hurdles for crypto startups, advising them to focus on overseas markets for faster growth and user adoption. [Serious tweet / hot take 🌶️] Crypto builders should just give up serving US…

    Article 2023年8月27日
TOP