Zeeve’s Provenance Blockchain integration and COTI’s Ethereum Layer 2 switch


New benchmarks for financial services and privacy in the blockchain industry are being established by Zeeve’s integration with Provenance Blockchain and COTI’s transfer to Ethereum Layer 2. These improvements are being driven by substantial investments.

The zkCandy hyperchain, developed in collaboration with Matter Labs and iCandy, is an example of how blockchain technology has the ability to transform niche markets, such as the gaming and AI sectors. This trend towards industry-specific blockchain solutions is worth noting.

As fresh developments and large investments usher in a golden age of digital innovation, the blockchain and cryptocurrency communities are humming with activity.

The industry is now seeing a succession of strategic initiatives that have the potential to reshape the decentralized financial environment, such as the introduction of one-click validator nodes and the distribution of ecosystem funds worth several million dollars.

The well-known enterprise-grade automation platform has announced a partnership between Zeeve and Provenance Blockchain. The partnership brings a validated node architecture with one-click access, full nodes, and RPC APIs that is going to change the game for how banks and other service providers interact with the blockchain.

Speaking on the significance of the integration, Joshua Maddox, Head of Developer Ecosystem at Provenance Blockchain Foundation, said, “Financial services require plug-and-play infrastructure.” The cooperation with Zeeve, he said, greatly improves the efficiency and speed with which organizations may set up and maintain nodes on the Provenance Blockchain network, among other advantages. Financial institutions will be able to incorporate state-of-the-art technology into their operations with ease thanks to the alliance’s efforts to streamline blockchain implementation.

In order to make use of Ethereum Layer 2 and the cutting-edge Garbling Circuits technology, the COTI Protocol is moving away from a directed acyclic graph (DAG). This change is more than just a technical one; it heralds a sea change in the blockchain space, one that will improve privacy, speed, and security. The new infrastructure will make it possible for a wide range of applications, including wallets, decentralized exchanges, artificial intelligence training, and governance systems.

The innovative route has been solidified with a whopping $25 million designated from the COTI Foundation’s ecosystem fund. The major funding is intended to encourage projects and developments focused on protecting individuals’ privacy. Being the first to get considerable investment is an honor for Soda Labs, a pioneer in cryptographic multi-party computation (MPC).

Matter Labs and iCandy, a well-known Southeast Asian game producer, have entered into a strategic partnership that will revolutionize the blockchain-based gaming and artificial intelligence industries. A dedicated zkSync gaming and AI-focused hyperchain, zkCandy, is the intended outcome of the collaboration. Building a new decentralized ledger is just part of the endeavor; the larger goal is to foster an ecosystem that caters to the unique requirements of the gaming and AI industries.

Also Read: Vitalik Buterin kicks the discussion on layer-2 categorizations

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