Latest News
MultiversX Unveils Breakthrough In Blockchain Sharding; Enables Hyper-Scalability and Interoperability For Top Network
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 platform’s 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, “The 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.”
Developers can leverage the powerful Sovereign Chains’ 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, “As 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 what’s important for our product.”
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 MultiversX’s network sharding technology.
In addition to enhancing performance across blockchain networks, Sovereign Chains further inherits MultiversX’s on-chain 2FA capabilities, offering one of the most powerful security layers for users in all of Web3.
The post MultiversX Unveils Breakthrough In Blockchain Sharding; Enables Hyper-Scalability and Interoperability For Top Network appeared first on European Gaming Industry News.
Latest News
Levy announcement: GamCare statement and data
Statement:
Mark Weiss, Deputy CEO and Director of Communications and External Affairs at GamCare, commented: “We welcome today’s announcement from the Government on the statutory levy and look forward to working with the NHS, other providers and future commissioners to ensure the success of the new treatment, prevention and research system.
“At GamCare, our priority is making sure that people who need support for gambling harms receive it as quickly and effectively as possible. With a record 55,000 people calling the National Gambling Helpline last year alone, now is the right time for this important clarity on the future system.
“With 27 years’ experience running the National Gambling Helpline, GamCare plays a vital role ensuring people can access gambling harms support when they need it most.
“Just as we welcome this renewed focus on treatment, we recognise the importance of protecting vulnerable people, particularly children, before harms escalate. That’s why we welcome the Government’s emphasis on prevention. Having witnessed a steep rise in our Helpline callers citing difficulties with online slots, GamCare further welcomes the introduction of new youth-focussed stake limits – an important step in preventing future harm.”
Additional new data from GamCare
- Almost half of calls (45%) to the National Gambling Helpline now cite issues with online slot machine games.
- The proportion of calls to the National Gambling Helpline citing issues with online slot machine games has increased by one-third since the pandemic, according to the gambling support charity GamCare.
- The charity found that, of the 6697 callers who disclosed a form of gambling to Advisers on the Helpline in 2023-2024*, 45 per cent cited challenges with gambling on online slot games, a figure which stood at 34 per cent in 2020-2021.
Activity | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 |
Online Slots | 33.6% | 45.8% | 43.9% | 44.6% |
The post Levy announcement: GamCare statement and data appeared first on European Gaming Industry News.
Latest News
Play’n GO announces exclusive game launch with Hard Rock Bet
Play’n GO, the world’s leading casino entertainment provider, has today announced the release of a new game title available exclusively to Hard Rock Bet online casino players in New Jersey.
Play’n GO recently announced the beginning of its partnership with Hard Rock Digital to provide premium content for its highly-rated Hard Rock Bet online casino in New Jersey.
The Swedish-founded gaming giant partnered up with the renowned global entertainment brand to create Hard Rock Pork N Roll, a spin-off of another wildly popular Play’n GO title, Piggy Blitz. The resulting game is the outcome of many months of collaboration and is predicted to entertain Hard Rock Bet players in the same style as its predecessor.
Magnus Olsson, Chief Commercial Officer at Play’n GO, commented “Our formal partnership with Hard Rock Digital is still in its relative infancy, but many months of work have gone into both the partnership itself and the design of this game, with input from both businesses. We’re excited by this new exclusive title, and it is a testament to the innovation and creativity of our game designers to create a fun spin-off of one of our classic titles. Hard Rock Pork N Roll is sure to be a huge success- the name of the game alone makes it stand out as an instant classic! This game is evidence of our ability to create top-quality, bespoke content for all of our customers, something we’re looking forward to doing more of in future.”
Grant Williams, SVP-Casino, Hard Rock Digital added “Our ‘Only at Hard Rock’ section continues to grow with another exclusive, bespoke experience and the addition of Hard Rock Pork N Roll—an immersive title that seamlessly weaves signature Hard Rock elements into the gameplay. Working with Play’n Go on this custom creation has set the standard for future collaboration, and we’re confident that Hard Rock Pork N Roll will quickly become a headliner among the 2,300+ games on our top-rated app.”
To find out more about Play’n GO and its Hard Rock Digital partnership, as well as its US activity, please visit playngo.com.
The post Play’n GO announces exclusive game launch with Hard Rock Bet appeared first on European Gaming Industry News.
Latest News
Stretch Network announces Black Friday Weekend Tournament
Black Friday Weekend is here! Stretch Network introduces another player-focused initiative – the Black Friday Weekend promotion. Running from November 29th to December 1st, this event offers up to 90% discounts on buy-ins for the World Poker League tournament series.
Here’s how it works:
- Players register for special phase tournaments at a reduced cost.
- These 2-minute events don’t require player actions and provide the same starting stack as the target tournament.
- After the phase tournament ends, players are automatically registered for the main event.
- Players already in the target tournament will have their stacks combined for added excitement.
Raise with us to go all-in on player satisfaction.
The post Stretch Network announces Black Friday Weekend Tournament appeared first on European Gaming Industry News.
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