Blockchain
nChain Announces Agreement With Crucial Compliance
![nChain Announces Agreement With Crucial Compliance](https://europeangaming.eu/portal/wp-content/uploads/2021/10/kensei.jpg)
nChain AG announced it entered into an agreement whereby Crucial Compliance Limited (Crucial Compliance), a provider of compliance and software solutions to the online gaming industry, will engage Kensei, the Company’s blockchain interface platform. Integration with Kensei will enhance Crucial Compliance’s existing Crucial Player Protection (“CPP”) system, which monitors player behaviour to ensure player protection from gambling-related harm.
Kensei, launched in July 2021, provides a powerful set of APIs that allow seamless integration between a customer’s existing data management processes and the BSV blockchain. Kensei eliminates the need for complex blockchain development, thus developers can focus on their core expertise while simultaneously enhancing their offering with data integrity characteristics such as a tamper-proof audit log.
CPP tracks and logs key events in player behaviour, which are then used to create a hard history of player review, interaction, and intervention throughout the customer lifecycle. By leveraging Kensei, CPP will offer a secure and cost-effective solution that creates an independently verifiable log of key actions and interactions, which will comply with the drive for data integrity from international regulators.
The auditable and immutable record of timestamped data provided by Kensei integration will increase a gaming operator’s confidence when replying to requests to prove they have discharged their responsibilities. In addition, it provides an irrefutable evidence base for an operator to challenge alleged breaches of their license conditions and/or defend against litigation.
“We are excited to partner with Crucial Compliance to bring data integrity to the online gaming industry’s responsible gaming efforts,” said David Washburn, nChain’s Chief Executive Officer. “Kensei enables tamper-proof data notarization, which is critical for gaming operators to prove they are acting responsibly and in line with all regulatory requirements.
The addition of data integrity capabilities offered by Kensei requires no change to an operator’s existing workflow so provides an attractive solution to the challenges faced by the industry.”
“This is a marked step-change for the gaming industry, using relatively new but proven technology in a way to mitigate corporate risk and also to give regulators peace of mind that what they are shown is absolute and undeniable,” said Paul Foster, Crucial Compliance’s Chief Executive Officer.
“Partnering with nChain allows us to offer a cost-effective solution for gaming operators and to provide regulators a single undeniable version of the truth, eventually across all operators.”
Crucial Compliance will work with existing customers and regulators to bring Kensei-enabled data integrity to responsible gaming activities.
Blockchain
MultiversX Unveils Breakthrough In Blockchain Sharding; Enables Hyper-Scalability and Interoperability For Top Network
![](https://europeangaming.eu/portal/wp-content/uploads/2024/06/MultiversX-Unveils-Breakthrough-In-Blockchain-Sharding-Enables-Hyper-Scala_20240610_143935_0000.png)
MultiversX (EGLD), leading smart contract platform known for sharding, has announced the launch of Sovereign Chains, its breakthrough Blockchain-as-a-Service solution for the Web3 ecosystem. The new solution for layer 2s (L2s) inherits and extends further the outstanding capabilities provided by MultiversX, and offers developers a simplified setup process that only takes a few commands.
Beyond industry-leading performance and extended configurability, it also unlocks for the first time seamless interoperability for L2s built atop leading blockchains such as Bitcoin, Ethereum and Solana, solving the issues around fragmentation and isolation. To encourage development on the new Sovereign Chains infrastructure SDK, MultiversX has additionally announced a US$1 million grant program for builders.
In a live demo of the platformâs capabilities, the first Sovereign Chain ever deployed reached a constant throughput of over 70,000 transactions per second. To put this in perspective, existing L2 solutions shifting to Sovereign Chains will be able to see their throughput increase up to 100X. Sovereign Chains make all these leaps in terms of hyper-scalability and interoperability possible with the unique cross-shard module MultiversX operates on, modified and improved for native cross-chain operations, as well as a new consensus mechanism, new execution models and significant VM improvements.
Speaking on the successful rollout of Sovereign Chains, Beniamin Mincu, Co-Founder and CEO of MultiversX, said, âThe Web3 world is encumbered by fragmentation and siloed ecosystems that limit interoperability and suffer from scalability issues. Through Sovereign Chains, we have taken the core capabilities of the MultiversX network – scalability, usability and security – and extended them to create the first truly unified Web3 ecosystem in a developer-friendly interface.â
Developers can leverage the powerful Sovereign Chainsâ stack to create customized private or public blockchains, with a maximum degree of flexibility. They have the possibility to set, for example, gas fees in the token of their choice and build using any virtual machine, including EVM and the MultiversX VM, to suit their needs. Sovereign Chains can communicate natively with each other without external bridges and their associated risks & complexity, thus being ideal for intuitive and secure solutions for diverse sectors, such as healthcare, education, government services, financial systems or supply chain management.
As one of the most robust blockchain architectures globally, MultiversX boasts an ecosystem of 8200 dApps, with a close-knit community of developers & users spanning 40 countries.
One such developer, Alex Jilavu, Co-Founder and Lead Developer at OneFinity Chain, expressed confidence in the potential of Sovereign Chains to streamline both the development process and adoption, adding, âAs a builder, the task of building a project from the ground up is extremely demanding. Sovereign Chains provide the foundational strengths of MultiversX, giving us the room to focus on developing whatâs important for our product.â
OneFinity is working on an EVM-compatible platform, looking to open the Sovereign Chains ecosystem to Ethereum users and developers. It joins other companies such as CyberNetwork (GameFi), and Pi Squared (ZK Tech), leveraging MultiversXâs network sharding technology.
In addition to enhancing performance across blockchain networks, Sovereign Chains further inherits MultiversXâs on-chain 2FA capabilities, offering one of the most powerful security layers for users in all of Web3.
Blockchain
Metalottery Launches Blockchain Lottery Revolution: Zero Fees, Instant Wins and Life-Changing Jackpots in Crypto
![](https://europeangaming.eu/portal/wp-content/uploads/2024/05/9-2.jpg)
A brand-new online lottery portal built on blockchain technology is shaking things up in the world of chance. Metalottery, the first-ever decentralised blockchain lottery platform, officially launched, introducing a new era of transparent, thrilling and rewarding lottery gaming. By combining cutting-edge blockchain technology with the excitement of lotteries, Metalottery offers players unprecedented fairness, security and the potential to win life-changing prizes.
âMetalottery is not just another lottery; itâs a paradigm shift. Weâre giving power back to the players by offering a transparent, secure, and exciting lottery experience thatâs built for the web3 age,â Dioni Bouropoulos, COO of Poollotto Finance, said.
Unlike traditional lotteries, Metalottery uses Chainlinkâs Verifiable Random Function (VRF) to ensure provably fair and unbiased results for every draw. And with new lottery rounds starting every 8 hours, players can enjoy the thrill of winning more often than ever before.
At the heart of Metalottery is the PLT token, the fuel of the platformâs ecosystem that players can use to purchase tickets. Metalottery makes purchasing Pool Lottery Token (PLT) available and straightforward on their website. Players can also spin the âWheel of Fortuneâ for additional rewards as well as participate in a growing community of lottery enthusiasts on Telegram and Discord.
Bouropoulos added: âOur platform is designed to be inclusive and accessible to a global audience. By combining innovative technology with a user-friendly interface, we empower players to take control of their lottery journey. We are charging no fees for participation and all proceeds from tickets go towards the jackpot. Our goal is to build the biggest lottery community in the world.â
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
![](https://europeangaming.eu/portal/wp-content/uploads/2024/04/20-1.jpg)
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
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