Author: team_bnn

RENEC, the innovative decentralized L1 blockchain platform, is proud to unveil three new products which have been added to its robust ecosystem, comprising DEX, Crypto Wallet, Crypto Platform, and DApp Hub. These new products are RENEC Lend, Instantwire, and Propeasy, and each of them is designed to usher in a new era of accessibility and efficiency when it comes to trading and investing.

RENEC Lend – Your Gateway to Seamless Borrowing and Lending Experiences

RENEC Lend operates on the robust RENEC Blockchain, offering cutting-edge lending and borrowing solutions. Here are the main features:

• It is designed for creators in the Web3 era and the platform provides decentralized and immersive experiences.
• Users can deposit or withdraw tokens through curated pools, fostering a dynamic ecosystem.
• Token borrowing rates are set at a low 0.008% per annum.
• It promotes accessibility and flexibility.
• Tokens listed aim to be versatile assets suitable for various purposes, with the overarching goal of ensuring cost-effective and straightforward financial transactions.

Instantwire – Revolutionizing International Money Transfers

In the age of global connectivity, Instantwire aims to provide a simple, lightning fast, and unrestricted international money transfer experience. Here are the key highlights:

• Connect Globally, Transfer Locally: Leveraging a Peer-to-Peer (P2P) transaction system powered by blockchain technology, Instantwire safeguard funds within the user’s nation and helps ensure a rapid global transfer to the recipient’s account in less than 8 hours.
• Seamless Money Transfers: Users can easily initiate money transfer requests and make payments through local bank transfers in what is a quick and efficient process for both the sender and recipient.
• Secure Transactions: All users undergo successful KYC verification, which helps ensure the safety of both funds and transactions, with the added assurance of a money-back guarantee.
• Fee-Free Transactions: Users can experience the convenience of fee-free transactions on all transfers, optimizing the value of their international transactions.
• Round-the-Clock Customer Support: Users can access 24/7 customer support for any assistance they may need.

Stay connected with us on Twitter and Telegram for the latest updates and exclusive promotions. Join the revolution in global finance with Instantwire – making your money move as fast as your world does!

Propeasy – the 4.0 Real Estate Investment Platform for Everyone

Users can diversify their portfolios by owning tokens backed by meticulously selected real estate assets from around the world. Propeasy is therefore designed to open the doors of real estate investments for everyone in an easy, efficient, and accessible manner. Here’s what Propeasy brings to the table:

• Tokenization Technology: Users can utilize advanced tokenization technology to explore the world of “real estate tokens” with a minimal investment, starting from just 50 cents.
• Thorough Asset Scrutiny: Each real estate asset undergoes meticulous scrutiny, ensuring verified information and continuous monitoring by the RENEC Foundation to make sure the asset is well utilized to generate values.
• Flexibility in Trading: There is flexibility to sell “real estate tokens” anytime on various exchanges, with NemoSwap DEX at nemo.renec.org being one option.
• Real Estate Token Sale Project: The First Real-Estate Token (GAST) sale project is scheduled for the end of December 2023.

Rest assured, the platform not only facilitates seamless cryptocurrency transactions but also offers security, convenience, and simplicity for users of all experience levels.

If you are interested in Propeasy and would like to learn more about this platform, please visit the following links: Website | Twitter | Telegram Group

About RENEC

RENEC is a decentralized blockchain platform at the forefront of Web3 innovation. With a commitment to empowering creators and users alike, RENEC continues to pave the way for a decentralized and inclusive digital future. The aforementioned three new products will go a long way towards securing that future and contribute to ushering in a comprehensive Web3 era.

For more information, visit the official websites for RENEC Blockchain, RENEC Lend, Instantwire, and Propeasy. Be sure to check out RENEC’s Threads, X, Reddit, Discord, Facebook, and Telegram channels for regular updates as well.

Fantastic news from the Kinetex team!

Kinetex has become one of the finalists of the ETHGlobal Hackathon in Paris, where Kinetex co-founders presented Kinetex Light Clients!

The team is super proud of this achievement and excited to apply this solution in the upcoming mode of the Kinetex dApp, Flash Trade. It is a decentralized cross-chain public resolving solution that enables users to swap directly with professional market makers while enjoying high speed and security.

Problems of Cross-chain Transactions & Kinetex Approach

Unlike many other DeFi projects, Kinetex does not strive to become the best bridge or message protocol. Instead, the team focuses on promoting the concept of composability and unification of DeFi sector solutions.

The Kinetex team proposes a new approach for moving liquidity. Rather than relying on a controlled liquidity pool often vulnerable to attacks, Kinetex transfers control to a decentralized market. In this market, users create swap orders, and professional resolvers take on the risks of managing the swaps while charging a commission for them. Such an approach fosters a genuinely decentralized and fair market, where resolvers compete to serve users, and users benefit from better prices and speed.

After conducting a thorough analysis, the team has determined several critical issues that need to be resolved to ensure the efficiency and reliability of the system. One of the primary concerns is the time it takes to validate each transaction, which has been found to range from 2 to 5 minutes on average. Additionally, the cost of gas and slippage can fluctuate during the validation period, leading to further complications. Another issue that has been identified is that the bridges lack a batch system to optimize gas costs, which can result in unnecessary expenses.

Kinetex Light Clients help to solve all those issues by enabling batch processing. Such an approach allows for direct peer-to-peer transactions between users and resolvers, eliminating the need to wait for validators and, hence, depend on them. As a result, Kinetex is able to reduce gas costs significantly. Moreover, by using Zero-knowledge technology (Zk technology) in the batches, gas optimization is enhanced even further.

What Is a Light Client?

Blockchain ecosystems rely heavily on light clients, software that allows for secure and decentralized access to the blockchain and interactions without synchronizing it entirely. Since nodes run light client software, these terms often are used interchangeably.

Initially, Ethereum only had full nodes responsible for verifying and relaying transactions and blocks on the chain. These nodes needed to download and verify every block in the blockchain to ensure its security and integrity. This process was complicated, laborious, costly, and not always necessary.

As a solution, light clients were created. These clients do not store the full copy of the blockchain and use full nodes as intermediaries instead to interact with the blockchain and perform various operations that require more data.

Kinetex Zk Clients

The introduction of Zk technology in the work of light clients allows Kinetex to optimize the verification process even more. Kinetex Zk light clients require fewer data and computational resources than traditional light clients that have to start from the beginning or where they last stopped and compute headers sequentially up to the target, which can span millions of blocks. In contrast, a Zk light client can verify the chain from the beginning of the last verified block up to the target with just one proof and a few public input hashes.

The Kinetex on-chain light clients are versatile: they can be deployed on any EVM network and store the state of supported networks. Kinetex utilizes the block hash function to get one of the last 256 blocks and then uses cross-chain messaging protocols to transfer this block hash to networks where light clients are deployed.

The solution is based on Hashi adapters developed specifically for various cross-chain messaging protocols, including Chainlink CCIP, Axelar, Hyperlane, and ZetaChain. Using multiple protocols, Kinetex can support light clients for a wide range of networks, including Ethereum, Gnosis, Polygon, Linea, Celo, etc.

To streamline the process of transferring data even more, Kinetex does not transmit every block hash individually and executes the BlockReporter contract every 1024 blocks instead, creating checkpoints. Based on these checkpoints, Merkle trees of block hash batches are constructed and stored in the appendable Merkle Mountain Range for enhanced efficiency (inspired by Axiom’s idea).

Final Thoughts

The victory in this hackathon showed that the team is on the right track and that technologies and developments aimed at improving cross-chain technologies and, consequently, accessibility of DeFi products are truly needed today. The team is incredibly proud of this achievement and is thrilled for you to try Flash Trade mode closer to the end of this year!

Stay tuned!

Kinetex Network: Website | Kinetex dApp | Twitter | Blog | ETH Global

ZEX PR has emerged as one of the top automated PR service providers globally with its futuristic approach and dedication toward goals. To satisfy the dynamic and demanding market, it has come up with a very modern, fast, efficient, and budget-friendly approach to provide PR-related solutions to leading and growing businesses.

ZEX PR Wire promises to be a platform with zero mail trails, zero mediators, & truly automated PR platform which enables you to do any press release campaign in less than 72 hours. It’s a 99% automated platform that can be used by any marketing or PR team in a firm or even by individual PR agencies for conducting and managing PR campaigns for their clients. It has tied up with more than 500+ Media outlets popular in all tie 1, 2 & 3 areas.

With its superior services in the marketing sector, ZEX PR has proved to be a game-changer. But there’s nothing stopping it as ZEX PR plans to explore more marketing services in the future. A company representative shares that the team is working on a couple of assignments that will increase the reach of ZEX PR’s content globally. The team also plans to start providing services in different languages like Russian, Chinese, German, Arabic, Spanish, French, etc.

In addition to this, ZEX PR Wire is also onboarding new local/regional digital news outlets to increase its reach. It will release a new version of its platform in Q1 2023, letting the customers see the reach, views, impressions, clicks, etc.

ZEX PR has been founded by Mr. Saurabh Singla and Mr. Apoorv Gupta who have a background in engineering. Thanks to their excellent vision and tech skills, the platform has managed to make a huge mark in the industry and has been rewarded several times. Some of the most reputed awards won by the team include:

“Best PR Partner” by Metadecypt at Museum of the Future Dubai

“Best PR SAAS Platform in Blockchain Space” by  India Blockchain Week 2022 organized by BlockOn Capital

“Best PR WIRE” by Money Expo Mumbai 2022 by Trasol

“Best PR Agency” by India Ecommerce 2022 organized by Entrepreneurs Media

“Most Promising PR Agency” by Blockchain Economy Dubai 2022 Managed by Teklip