27 May 2025, 10:14

How to build a 1B TPS blockchain without decentralization, security, or shame | Opinion

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Don’t you hate it when you see yet another layer-1 launch, claiming one million, 10 million, or even 100 million TPS? “How can I cash in on the hype?” you ask. Well, today is your lucky day! Here’s a step-by-step guide on building your very own 1 billion TPS layer-1 network that’ll leave those posers in the dust. You might also like: From crypto projects to digital asset companies: It’s time to level up web3 comms | Opinion Step 1: Get a supercomputer and run EVM on it A single high-end machine can run transactions in the Ethereum Virtual Machine (EVM) to ~100k TPS—a pretty well-documented technical fact. But to reach this level of throughput, you do need to bypass the Patricia Merkle Trie during reads and writes to permanent state, in order to remove a major throughput bottleneck that limits the standard EVM to just under 100 TPS. This mechanism in the EVM exists to ensure that the network, sorry, the single machine, is able to correctly handle any state rollbacks and network reorganizations…anyway, who cares, it’s slow, it’s gone, don’t worry about it. We’re using the EVM because being EVM-compatible, or better yet, EVM-equivalent, is pretty important these days, since it has become a standard in web3 development. The majority of the world’s web3 applications are written in Solidity or other languages that compile into the EVM bytecode. This way, you can attract more developers to build on your new 1 billion TPS network. Trust me, bro, “EVM-equivalent” totally sells. Step 2: Forget the network A single machine is also a network on its own, technically speaking. Why complicate this side hustle with more than one machine? Besides, having other machines on the network just slows things down. If you have a network filled with different machines run by different people, they now suddenly have to agree with each other on what happens on the network. This involves communicating information across the network, coming up with mechanisms to agree on what’s happening, and then reaching a consensus before making progress. Sounds slow af. This consensus mechanism is just a lot of wasteful overhead. Who needs it? Let’s just stick with a single machine. Check out all these hot projects called layer-2s; their networks are all just a single machine. If you worry about being called out for being centralized, simply create a number of other machines on the network and assign them fancy names, such as “data availability nodes” or similar. Everyone’s doing it. Step 3: Make 100 shards Get ready, this is where we elevate your game, with sharding. You take your network of one machine and make 100 copies of it; we’ll call this sharding, very on-trend. Technically speaking, a sharded network’s state is only temporarily sharded across machines and will eventually be partially or fully synchronized to guarantee consistency during cross-shard transactions. In adversarial environments such as crypto, machines across shards are often shuffled to prevent collusion. But let’s not get technical. These 100 copies don’t need to synchronize anything; they don’t even need to communicate with each other. It’s a network of 100 shards! If you’re keeping score, we now have 100 shards * 100k TPS = 10 million TPS! Step 4: Ditch the EVM Did we say EVM-equivalent is all the rage? That’s old news. Now it’s all about being the EVM-killer. EVM is just so slow. It’s a stack-based interpreted virtual machine that was designed to be fully agnostic to the underlying hardware architecture and operating systems, to maximize repeatability and execution correctness, so that a large group of disparate machines can safely and securely operate on the same network. But man, is it slow. Let’s go with something sexy like WASM-JIT. It’s highly performant, mature, and most major programming languages can be compiled into WASM. Since it does compile to native register-based machine code that targets specific hardware architectures, it is inherently less portable than a purely stack-based VM like EVM. In real-world implementations, WASM-JIT can outperform the EVM up to 100x in execution speeds. Ditch the EVM, we now have 10 million TPS * 100 = 1 billion TPS. You did it! Stay tuned, and we’ll teach you how to further elevate your 1 billion TPS layer-1 network even further with unrealistically-optimistic concurrency! Read more: Beyond the hype: Web3 is in dire need of a rebrand | Opinion Author: Steven Pu Steven Pu is the co-founder of Taraxa, a purpose-built, fast, scalable, and device-friendly layer-1 public ledger designed to help democratize reputation by making informal data trustworthy. Prior to Taraxa, Steven launched multiple ventures and products in IoT and mobile healthcare. He was also a Partner at Monitor Deloitte’s strategy practice, spearheaded their digital strategy line of business, serving Fortune 500 companies with hundreds of millions in upside impact. Steven also had the honor of co-authoring the book “Next Blockchain” with Makoto Yano, vice-minister of Japan’s Ministry of Economics, Trade, and Industry. Steven holds undergraduate and master’s degrees in Electrical Engineering from Stanford University.

27 May 2025, 08:52

Trump Media Plans $3B Crypto Push Amid Market Boom

Trump Media & Technology Group (TMTG), the company behind Truth Social and linked closely to Donald Trump’s family, is reportedly planning to raise $3 billion to invest in cryptocurrencies such as Bitcoin. The plan includes $2 billion from new equity and $1 billion through a convertible bond, according to sources familiar with the move. The announcement could align with a major crypto event in Las Vegas, where high-profile figures like Vice President JD Vance, Donald Trump Jr., Eric Trump, and crypto advisor David Sacks are expected to attend. While TMTG denied the credibility of the Financial Times' sources, they did not provide any further comment. This development underscores Trump’s growing commitment to making the U.S. a global crypto leader , a stance that has raised ethical questions given his family's direct financial involvement in the space. The company has drawn comparisons to MicroStrategy, which used a similar strategy of leveraging capital to accumulate large amounts of Bitcoin. TMTG’s shares closed last week at $25.72, giving it a market cap close to $6 billion. Like MicroStrategy, the media group plans to use at-the-market pricing for its share offering. The increased offering size is reportedly due to high investor interest. Beyond Bitcoin, the Trump family has launched NFT trading cards, backed memecoins, and invested in ventures like American Bitcoin (a crypto miner) and World Liberty Financial (a stablecoin platform). There are also plans to launch a crypto-focused exchange-traded fund (ETF) . Just last week, Trump hosted a private dinner for top investors in his memecoin at his resort near Washington. The move follows Trump’s decision to transfer his majority stake in TMTG—valued at around $3 billion—into a trust controlled by his son Donald Jr., giving him full control over investment decisions. The crypto sector has seen rising momentum, with Bitcoin recently surpassing $109,000 , and other major deals like Ripple’s $1.25 billion acquisition of prime brokerage Hidden Road. Industry insiders predict a wave of new crypto deals as Trump’s influence over the sector grows. ClearStreet and BTIG are expected to be among the underwriters for TMTG’s fundraising round.

27 May 2025, 08:30

Historic: Thai SEC Launches Rules for Government Bond Token ‘G-Token’

BitcoinWorld Historic: Thai SEC Launches Rules for Government Bond Token ‘G-Token’ Big news from Thailand! The country’s Securities and Exchange Commission (SEC) has taken a significant step into the world of Digital Assets by announcing specific rules for its planned ‘G-Token’. This initiative marks a notable move by a government to leverage blockchain technology for public finance. What is the Thai SEC’s G-Token Initiative? The Thai SEC has laid down the regulatory framework for the ‘G-Token’. This isn’t just another cryptocurrency; it’s specifically designed as a tokenized government bond. The primary goal behind issuing the G-Token is to help the government raise funds to address its budget deficit. This approach allows the government to tap into new pools of investors, potentially making it easier and more efficient to secure necessary financing compared to traditional methods alone. Announced on May 13th, the G-Token represents a digital representation of a real-world asset (RWA) – in this case, a government bond. The plan is ambitious, aiming to issue approximately $150 million worth of these tokens. The issuance is slated for July 25th and will be conducted via an Initial Coin Offering (ICO) portal, a platform commonly used in the digital asset space. The Ministry of Finance will play a crucial role, acting as the registrar for the token issuance. Understanding the Government Bond Token A Government Bond Token is essentially a digital security that represents ownership in a government bond. In the traditional financial world, bonds are debt instruments issued by governments to raise capital. Investors who buy bonds are lending money to the government and receive periodic interest payments, with the principal repaid on a specific maturity date. Tokenizing these bonds means creating a digital version on a blockchain or similar distributed ledger technology. The key distinction highlighted by the Thai SEC is the G-Token’s specific use case. While it is a Digital Asset , it is not intended for use as a payment method, nor is it designed to be traded on secondary markets like typical cryptocurrencies (e.g., Bitcoin or Ethereum). This restriction sets it apart from speculative digital currencies and firmly places it in the realm of regulated financial instruments, albeit in a tokenized form. Details regarding the specifics of the G-Token, such as interest rates, the exact maturity date, and any collateral backing the bond, are expected to be released closer to the July 25th launch date. These details will be critical for potential investors to evaluate the token’s investment potential. Why Tokenize Government Bonds? Exploring the RWA Concept The G-Token is a prime example of a Tokenized Real-World Asset ( RWA ). RWAs in the digital asset space refer to the process of bringing tangible or traditional financial assets onto the blockchain. This can include anything from real estate and art to commodities and, as in this case, government bonds. Tokenization involves creating a digital token that represents fractional or full ownership of the underlying asset. Why is this trend gaining traction? Tokenizing RWAs offers several potential advantages: Increased Liquidity: While the Thai G-Token currently has trading restrictions, tokenization generally has the potential to make traditionally illiquid assets more accessible and easier to trade by breaking them into smaller, digital units. Fractional Ownership: Allows investors to own a portion of a high-value asset that might otherwise be unaffordable. For government bonds, this could potentially lower the minimum investment threshold. Greater Transparency: Transactions recorded on a blockchain are immutable and publicly verifiable (depending on the blockchain type), which can increase trust and reduce fraud. Efficiency: Automation through smart contracts can streamline processes like interest payments and principal repayment, potentially reducing administrative costs. Accessibility: Can open up investment opportunities to a wider range of investors, including those who might not have easy access to traditional bond markets. For the Thai government, tokenizing bonds specifically addresses the need to raise funds efficiently and potentially attract a broader base of investors, including those familiar with or interested in digital asset platforms. How Does the Thai SEC’s Approach Differ? The regulatory approach taken by the Thai SEC for the G-Token is distinct. By explicitly stating that the token cannot be used for payments or traded like typical cryptocurrencies, the SEC is drawing a clear line between this regulated financial instrument and the more volatile, often unregulated, crypto market. This focus on the token as a bond first and a digital asset second is a key characteristic of this initiative. This regulatory clarity aims to protect investors by ensuring the token functions within a known financial framework, rather than being subject to the speculative pressures and regulatory uncertainties often associated with general-purpose cryptocurrencies. It signals a cautious but forward-thinking approach to integrating blockchain technology into public finance, prioritizing stability and investor protection. The requirement for issuance through an ICO portal suggests a level of oversight and process similar to how other regulated digital securities might be offered, ensuring compliance with existing securities laws while utilizing new technology. Potential Benefits and Challenges Issuing a Government Bond Token like the G-Token comes with potential benefits and challenges. Potential Benefits: Efficient Fundraising: Streamlined issuance process through a digital platform. Broader Investor Base: Potential to attract tech-savvy investors or those seeking alternative ways to invest in government debt. Reduced Costs: Automation of processes like coupon payments could lower administrative overheads. Innovation Showcase: Positions Thailand as a leader in exploring the use of blockchain for public finance. Potential Challenges: Investor Education: Ensuring potential investors understand the nature of a tokenized bond versus a typical cryptocurrency. Technical Implementation: Ensuring the ICO portal and underlying technology are secure and robust. Regulatory Compliance: Navigating the complexities of issuing a security in a tokenized format under existing laws. Market Acceptance: Gauging demand for a tokenized bond with restricted tradability. Security Risks: Protecting against cyber threats and hacks common in the digital asset space. The success of the G-Token will likely depend on how effectively these challenges are managed and how clearly the benefits are communicated to the public and potential investors. What’s Next for Thailand’s Digital Asset Landscape? The G-Token initiative is a significant development in Thailand’s evolving Digital Assets landscape. It signals a willingness by the government and regulators to explore the potential of blockchain technology beyond just cryptocurrencies, focusing on its application in traditional finance and public administration. This move could pave the way for future tokenization efforts involving other types of assets or government-related financial instruments. It also highlights the importance of regulatory clarity in fostering innovation while maintaining market integrity and investor confidence. The Thai SEC ‘s approach provides a potential model for other jurisdictions considering similar initiatives. As the July 25th launch date approaches, market participants and the public will be watching closely for the release of more specific details on the G-Token’s terms. The success of this initial issuance could significantly influence the future trajectory of RWA tokenization and the broader adoption of blockchain technology within Thailand’s financial ecosystem. Conclusion: A Step Towards Tokenized Public Finance The Thai SEC ‘s announcement of rules for the G-Token marks a pioneering effort in the realm of tokenized government bonds. By creating a regulated Digital Asset designed specifically for fundraising rather than speculation or payments, Thailand is exploring an innovative path to finance its budget deficit using blockchain technology. This initiative underscores the growing importance of RWA tokenization and provides a valuable case study for how governments can cautiously but effectively engage with the digital asset space for public benefit. The success of the G-Token could set a precedent for future tokenized financial instruments issued by governments worldwide. To learn more about the latest digital asset trends, explore our article on key developments shaping RWA tokenization institutional adoption . This post Historic: Thai SEC Launches Rules for Government Bond Token ‘G-Token’ first appeared on BitcoinWorld and is written by Editorial Team

27 May 2025, 07:40

AI Jobs: Unlocking the Difficult Tech Job Market for New Grads

BitcoinWorld AI Jobs: Unlocking the Difficult Tech Job Market for New Grads For many in the Bitcoin World community, technology isn’t just a tool; it’s the foundation of everything we do, from understanding blockchain mechanics to leveraging AI for trading insights. As the tech landscape evolves at lightning speed, so too does the path into a technology career. If you’re an aspiring developer or tech enthusiast looking to land your first professional role, you might be finding the door surprisingly hard to open. It’s not just you; the tech job market for newcomers has fundamentally shifted, presenting significant hurdles that weren’t there just a few years ago. Understanding the Shifting Tech Job Market The traditional path into a tech role often involved securing an entry level tech job right after graduation. These roles served as crucial stepping stones, allowing new professionals to gain practical experience, build networks, and develop specialized skills. However, recent data paints a challenging picture for this conventional route. Reports indicate a substantial pullback in hiring new graduates by large technology companies. Data from venture firm SignalFire shows that hiring of new grads by the 15 largest tech companies has dropped over 50% since 2019. Before the pandemic, graduates made up about 15% of hires at these firms; that figure has now fallen to just 7%. This significant reduction means fewer openings for those just starting their tech careers . Why Entry Level Tech Jobs Are Harder to Secure Several factors contribute to the increased difficulty in landing those initial roles: Economic Climate: The broader economic environment has led many companies, including tech giants, to become more cautious with hiring, prioritizing experienced talent who can immediately contribute to critical projects. Automation and AI: As highlighted by experts like LinkedIn’s chief economic opportunity officer, Aneesh Raman, AI is automating tasks that were previously handled by entry-level staff. This effectively removes some of the traditional ‘bottom rung’ positions on the career ladder. Basic data entry, preliminary coding tasks, and support functions are increasingly being handled by intelligent systems. Increased Competition: While the number of tech graduates continues to grow, the reduced supply of dedicated entry-level roles intensifies competition for the remaining positions. Higher Skill Requirements: Companies are increasingly seeking candidates who can contribute value quickly, often requiring more specialized skills even at the entry level than in the past. The Growing Demand for AI Skills Amidst the challenges, a clear demand signal is emerging: the need for AI skills . While AI might be contributing to the reduction in some traditional roles, it is simultaneously creating a surge in demand for new expertise. A survey found that 87% of hiring leaders now value AI experience, and nearly a quarter of all job postings now require it. This isn’t just about building AI models; it includes a range of competencies: Understanding machine learning concepts Data analysis and interpretation Prompt engineering and working with large language models Integrating AI tools into existing workflows AI ethics and governance For those aiming for AI jobs , demonstrating practical experience with AI technologies is becoming essential. Navigating Tech Careers in a Changing Landscape Despite the hurdles in securing traditional entry level tech jobs at big tech firms, the overall outlook for tech employment remains positive. The tech industry itself isn’t shrinking; rather, technology roles are becoming embedded across virtually all sectors. This presents a significant opportunity for aspiring professionals willing to look beyond the typical Silicon Valley giants. Tech jobs are projected to grow from 6 million this year to 7.1 million by 2034. While big tech hiring of new grads is down, companies in healthcare, finance (including FinTech and crypto), retail, manufacturing, and countless other industries are actively seeking tech talent. The unemployment rate for software developers, while not at historic lows, remains relatively low at 2.2%, half the national average. So, how can you position yourself for success in this evolving market? Here are some actionable insights: Acquire AI Skills: This is non-negotiable. Invest time in learning machine learning fundamentals, data science, or how to effectively use AI tools. Online courses, bootcamps, and personal projects are invaluable. Build a Portfolio Demonstrating AI Proficiency: Create projects that showcase your ability to work with AI, analyze data, or develop software that integrates AI functionalities. Highlight these on platforms like GitHub. Look Beyond Big Tech: Explore opportunities in various industries. Companies in healthcare, finance, energy, and agriculture need tech professionals, and they may offer more accessible entry points. Network Strategically: Attend industry events (both tech and AI-focused), connect with professionals on LinkedIn, and participate in online communities. Networking can uncover hidden opportunities. Emphasize Adaptability and Continuous Learning: The pace of technological change means that the ability to quickly learn new tools and concepts is highly valued. Make this a core part of your professional narrative. The Future of AI Jobs and Tech Careers The trajectory suggests a future where tech roles are pervasive, and AI skills are foundational. The growth in AI jobs isn’t limited to specialized AI researcher positions; it extends to developers who can integrate AI, data analysts who can interpret AI outputs, and product managers who can build AI-powered products. For those interested in the crypto space, this convergence is particularly relevant, with increasing applications of AI in areas like market analysis, security, and decentralized applications. While the path to an entry level tech job might be more challenging than in previous years, it is far from impossible. It requires a more strategic approach, a focus on in-demand skills like AI, and a willingness to explore opportunities across a broader range of industries. The demand for tech talent, especially those with relevant AI expertise, is projected to grow, offering a promising future for those who adapt and prepare effectively. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post AI Jobs: Unlocking the Difficult Tech Job Market for New Grads first appeared on BitcoinWorld and is written by Editorial Team

27 May 2025, 07:18

Hedera Africa Hackathon launches with 50 partners and $1 million prize pool

The Hashgraph Association, a Swiss-based non-profit driving Hedera-powered solutions, and the Exponential Science Foundation, another non-profit accelerating responsible tech adoption, have joined 50 other global partners to launch the $1 million Hedera Africa Hackathon 2025. The Hedera Africa Hackathon, with a prize pool of over $1 million seeks to enable a next generation of both web developers and startups in an effort to empower economic inclusion on the continent. The goal is to attract 10,000 participants from more than 15 countries in Africa, including developers, students and entrepreneurs to build decentralized solutions on the Hedera platform for finance, healthcare, telecom, sustainability, agriculture and manufacturing. The participants will leverage the convergence of deep technologies such as AI, IoT, robotics, and quantum computing, with a prize pool of more than $1 million on offer for the winning teams and projects. The Hedera hackathon tracks Africa leads global mobile-money adoption, with countries like Ghana, Uganda, Tanzania, and Zambia now integrating blockchain technology to create more secure, affordable, and efficient digital payment systems. Globally, mobile-money platforms serve 1.75 billion registered accounts and process an estimated $1.4 trillion in transactions annually. Sub-Saharan Africa remains at the forefront, accounting for nearly 75 percent of the world’s active mobile-money accounts. As such, one of the major tracks of the Hedera Africa Hackathon is on-chain finance and RWA tokenization. Other tracks include ESG sustainability and traceability; self-sovereign identity and AI gaming; the metaverse and NFTs; and more. Global participation is open from August 1st Global participation is open from August 1st to September 30th, 2025 with the backing of more than 50 global and regional partners, 100 universities and tech hubs such as Tunisian based DAR Blockchain. Participants will benefit from extensive technical education, certifications, and hands-on support from Hedera certified engineers. Hacking stations to be established in cities such as Lagos, Cairo, Nairobi, Kinshasa, Cape Town, Casablanca, and Tunis for in-person collaboration, alongside a fully virtual Hackathon track accessible worldwide. Kamal Youssefi, President of The Hashgraph Association, notes that given Africa is home to one of the youngest, most enthusiastic and dynamic tech communities in the world; its future will depend on digitization. He said: “By equipping developers and entrepreneurs with Web3 skills and next generation toolkits, we’re not just solving today’s problems, we’re shaping the future of decentralized innovation in one of the world’s most significant growth markets, fostering a digital future for all through financial, identity, and communication inclusion.” Paulo Tasca, Co-Founder and Executive Chairman of Exponential Science Foundation adds, “Initiatives such as the Hedera Africa Hackathon encourage the next generation of tech builders, researchers, and entrepreneurs. We encourage anyone with an interest in blockchain technology to sign up and start developing.” The ultimate aim of the hackathon is to encourage and help fund the next generation of Web3 projects on the continent. Recently Afrik Foundation unveiled a blockchain-based platform, aligning with Africa Day 2025 celebrations, aiming to transform infrastructure financing across the continent. The initiative, now in a public test phase running through June 25, allows Africans and global users to vote on renewable energy and artificial intelligence projects. KEY Difference Wire helps crypto brands break through and dominate headlines fast

27 May 2025, 06:50

U.S. Vice President J.D. Vance to Speak at Bitcoin 2025

The post U.S. Vice President J.D. Vance to Speak at Bitcoin 2025 appeared first on Coinpedia Fintech News Las Vegas, NV — BTC Inc., the organizer behind Bitcoin 2025 , is excited to announce that Vice President J.D. Vance will speak from the main stage on Wednesday, May 28, during the world’s largest Bitcoin gathering. His keynote will be delivered to tens of thousands of attendees at The Venetian Las Vegas in the programming track of the conference called “Code + Country” and streamed globally via Bitcoin Magazine’s channels. During his time in the U.S. Senate, Vance took a clear stand against regulatory overreach and pushed to redefine how the U.S. government interacts with open-source money. He’s been critical of current SEC leadership and vocal about the dangers of centralized financial control — pointing to events like Canada’s 2022 bank account freezes as examples of why Bitcoin matters. His appearance at Bitcoin 2025 is expected to center on innovation, financial sovereignty, and how Bitcoin fits into a more resilient American future. “This is more than a headline moment — it’s a signal,” said David Bailey, CEO of BTC Inc. “Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation.” Bitcoin 2025 is projected to host over 30,000 attendees and features leaders from technology, finance, education, and global policy. Previous speakers have included U.S. presidential candidates Donald J. Trump, Robert F. Kennedy Jr., tech innovators, and heads of major financial institutions. About The Bitcoin Conference The Bitcoin Conference is the world’s largest and most influential gathering of Bitcoin professionals, investors, and thought leaders. Committed to fostering Bitcoin adoption and industry innovation, the conference has grown into a global phenomenon since its founding in 2019. Learn more at https://b.tc/conference/2025