Thursday, July 3, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Hackers Holdings, Sharding Bank’s Tens Of Millions Of Cryptocurrency Wallet Certified As High-Frequency Inquiry Processing Technology

by firstcryptonews
October 21, 2021
in Press Release
DEFI STOA

STOA LLC recently opened a sharding bank service before opening the DeFi STOA service. DeFi STOA is a project to build a social trading-based DeFi platform. Existing DeFi services were centered on swap and interest programs, but in DeFi STOA, individual efforts or collective intelligence are platforms that share profits from telecommunication profits in various ways. As various cryptocurrency participants’ interest increases, it has decided to open Shading Bank, a specialized service that supports high frequency inquiry and deposit of cryptocurrency, so that the number of dipystoa participants can expand to hundreds of millions.

Shading Bank is a high-frequency inquiry system that allows users to view millions of cryptocurrency wallets in just five seconds. In addition, it has a strong feature that can check information on all movement paths of decentralized wallets in real time and apply the information flow of fund movement to the anti-money laundering system through data processing through big data and machine learning technology.

Currently, Shading Bank service supports multiple languages, and sample SDK will be provided to github.com/shardingbank/sdk through JAVA/C++/C#/Go/Php/Nodejs etc.

In general, in order to establish a system to inquire about the wallet of cryptocurrency, it is necessary to establish a full block node. A block node is a kind of storage that stores all transaction books of cryptocurrency. It is called pool. The transaction identification code that occurs when trading cryptocurrency is stored in this storage pool, which is called a block. For trust in the physical storage stage, there is a process of building a trust process through POW/POS, and it is not easy and simple to understand this technical background and build a business that applies it.

In order to build all cryptocurrency wallet systems operated by the main-net, a full block node (storage pool) must be built for each cryptocurrency, which must be built in consideration of physical costs and network usage fees.

To build these five full-block nodes, including BTC/ETH/BCH/XRP/ETC, at least five full-block nodes must be built, and the problem is that it takes at least a month to store books in synchronization from Genesis blocks to current last block information.

To make PG payments, in addition to registering and approving corporate information to use PG payments, only API need to be entered. In order to utilize the book storage or transaction details necessary for bank transactions or credit transactions, they do not bring cryptocurrency stores to the system separately. If only the basic service is well operated, experts can apply the API and check the operation within hours or days. Compared to the operation of these payment services, there are practical problems that the operation of cryptocurrency payment network services has considerable limitations.

It made it easier to establish a cryptocurrency wallet operation and transaction processing model through Shading Bank. As it is built as easily as the existing PG level of work processing, it will be said to be highly valuable.

Recently, IRCTC in India also said it would actively review and apply the use of sharding bank services, and it is currently being used before opening the service in about 30 places.

CEO Roy Kim is known to have developed Shading Bank himself and led the business. He said, “I think there are various possibilities open to how the model of cryptocurrency will be used and applied to society. However, fundamentally, the cryptocurrency market had many limitations in building a model that reduces TCO rather than various services with high complexity. We prepared a project to lower the investment cost of building and operating a cryptocurrency system and use it easily and conveniently to expand its base and build an environment so that the market can increase opportunity costs, and we decided to open it because we thought it was a highly competitive service.”

We hope that cryptocurrency will grow into a strong reference platform in establishing a market ecosystem.

More Information About STOA:

Website: http://stoacorp.com/

Twitter: https://twitter.com/defi_stoa

Telegram: https://t.me/defi_stoa_ch_chat

Related Posts

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

by firstcryptonews
June 28, 2025
0

In the 1980s, Michael Milken revolutionized the capital markets with the proliferation of high-yield, high-risk debt instruments , colloquially known...

DeepSteak: A Well-Done Memecoin Built on Truth, Not Lies

DeepSteak: A Well-Done Memecoin Built on Truth, Not Lies

by firstcryptonews
June 27, 2025
0

Launch Date: July 8, 2025 In a sea of low-effort rug pulls and recycled token contracts, DeepSteak emerges with a...

After Infini Exit KAST Faces Questions Over Points Based Cashback

After Infini Exit KAST Faces Questions Over Points Based Cashback

by firstcryptonews
June 26, 2025
0

Recently, Infini Card — once seen as a fast-growing crypto payment player — abruptly shut down its global crypto card...

How a $500 Investment in Alaxio Could Turn into $50,000

How a $500 Investment in Alaxio Could Turn into $50,000

by firstcryptonews
June 26, 2025
0

In the crypto world, massive gains have always come to those who enter early — before the headlines, before the...

vANY Emerges from Anyswap Rebrand Amid Industry-Wide Compliance Pressures

vANY Emerges from Anyswap Rebrand Amid Industry-Wide Compliance Pressures

by firstcryptonews
June 25, 2025
0

June 24, 2025 – In a move reflecting the broader shift toward regulatory alignment in the cryptocurrency sector, Anyswap has...

The Schwartz: Where Memes Meet Mission on the XRPL

The Schwartz: Where Memes Meet Mission on the XRPL

by firstcryptonews
June 20, 2025
0

🚀 Our Mission To unite the power of community, culture, and crypto through the Schwartz — a meme-driven movement built...

Next Post
X10 Legends

X10 Legends Successfully Launches Martial Arts NFT Game, Token Rises 49 Times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Memenopoly

Memenopoly Announces Strategic Partnership With Babylons NFT

4 years ago
PATHFINDER  Announces  Roadmap  to  Create  AI  Pet  Game—SimuLtaneous  ‘FINDER’ Token Issuance

PATHFINDER Announces Roadmap to Create AI Pet Game—SimuLtaneous ‘FINDER’ Token Issuance

1 year ago
Exclusive Claude Monet Water Lilies Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

Exclusive Claude Monet Water Lilies Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

2 years ago
Why NOT to attend ChainPoint 19!

Close your next big deal at ChainPoint!

6 years ago
Colle AI Builds on Bitcoin Integration to Strengthen Multichain NFT Systems

Colle AI Builds on Bitcoin Integration to Strengthen Multichain NFT Systems

2 months ago
Veil CRM Launches to Transform Web3 User Engagement and Loyalty

Veil CRM Launches to Transform Web3 User Engagement and Loyalty

6 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Strengthens Backend Stability with Multichain Compute Layers

July 3, 2025

Press Release

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

June 28, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News