Vanar Chain is a public blockchain dedicated to entertainment, gaming, and social applications, aiming to make Web3 technology accessible to both mainstream users and developers.
2. Key Points and Vision:
· Entertainment Focus: Specifically designed for applications like games, video platforms, the metaverse, and interactive media. · Sustainability: Uses a Delegated Proof of Stake (DPoS) consensus mechanism, making it more energy-efficient than Proof-of-Work networks like Bitcoin. · Speed and Low Cost: Claims to offer ultra-fast transactions (under 2 seconds) and very low gas fees (less than $0.001), which is crucial for seamless user experiences in games and apps. · Developer-Friendly: Supports the Solidity programming language (the same as Ethereum), allowing developers to migrate their projects relatively easily. It also offers tools and compatibility with MetaMask. · Parent Company: Developed by Vanar, a technology company previously known in the fields of AI and big data before pivoting to blockchain.
1. Official Launch of Vanar Mainnet (The Major Milestone)
· By late 2023/early 2024, Vanar fully launched its Mainnet after testing phases, meaning the platform is now ready for real applications and games.
2. Launch of the "Vanar Ecosystem Grant" Program
· Introduced a series of financial grants and incentives to encourage developers and entrepreneurs to build Web3 projects on Vanar Chain, especially in: · Gaming · Entertainment · Decentralized Social Media (DeSo) · Arts & Creativity (NFTs & Creators)
3. New Partnerships to Strengthen the Ecosystem
· Partnership with Momentum 6 to boost funding and marketing for early-stage projects. · Collaboration with independent game studios to develop games on Vanar. · Integration with DeFi platforms to support liquidity and financing within the ecosystem.
4. Developer Infrastructure Development (Dev Tools)
· Launch of Vanar Studio: A comprehensive development environment for easily building and deploying decentralized applications (dApps). · Enhancements to the Bridge to facilitate asset transfers between Vanar Chain and other networks like Ethereum and BNB Chain. · Expanded developer documentation and educational tutorials.
5. Network Performance Improvements
· Increased transaction speeds through optimized consensus algorithm (DPoS). · Reduced gas fees to near-zero levels—a strategic goal to attract users. · Improved scalability to handle thousands of concurrent users in games and applications.
6. Focus on Arabic and Middle Eastern Content
· Vanar announced plans to target the Arab market through: · Arabic-language content. · Events and hackathons tailored to developers in the region. · Partnerships with Arab technology institutions.
7. Governance Updates Rollout
· Launched a more advanced voting system for VANRY token holders to participate in future development decisions.
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Bank of Canada sets stablecoin regulations for 2026.
Bank of Canada Governor Tiff Macklem announced on Tuesday that future Canadian stablecoins should be backed by high‑quality liquid assets and pegged one‑to‑one to the central bank currency.
The announcement follows the Liberal government’s statement in November that it will introduce regulations for stablecoins next year. Stablecoins are a form of cryptocurrency that can be converted into fiat currency at face value.
Macklem told the Montreal Board of Trade in his last public appearance of the year, “We want stablecoins to be good money, like banknotes or funds deposited in banks.”
He stressed that stablecoin issuers must fully disclose redemption terms, including timing and any applicable fees. High‑quality liquid assets typically include government‑backed securities such as treasury bills and government bonds.
He added, “The goal is to ensure Canadians can benefit from stablecoin innovation and do so safely.”
Looking ahead to 2026, Macklem said Canada will see more innovation in the financial system as the country upgrades its payments infrastructure. This includes implementing a “real‑time rail” system that enables instant settlements between consumers and businesses domestically and internationally.
The central bank also plans to work on implementing an open banking system, which will make it easier for consumers to compare banking options and switch between financial institutions. #USNonFarmPayrollReport #WriteToEarnUpgrade #Write2Earn $ETH $BTC
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