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According to Finbold, Dubai Multi Commodities Center (DMCC) announced a partnership with REIT Development to build a 17-story crypto tower. The tower will include 9 floors for crypto startups and mature companies, and 3 floors for blockchain incubators and investment…

Could social media be the Tower of Babble?

A crucial selling point for Solana is certainly its ability to process a block every 400 milliseconds and its record 60k transactions per second. Just these features alone make it one of the fastest performing layer-one blockchains. Additionally, it has several features that makes it stand apart. Improved Transaction Speeds Solana utilizes Tower Byzantine fault tolerance (BFT), an improvised version of pBFT (practical Byzantine fault tolerance). This removes the need for nodes to communicate with each other in real-time, thereby improving the overall efficiency. In addition to this, Solana also utilizes what is known as the Gulf Stream that is, as it claims, a mempool-less transaction forwarding standard that pushes the transactions to the edge of the network. This enables network validators to carry out transactions much ahead of the stipulated time. This enables the network to process over 50,000 transactions per second (TPS). Enhanced Scalability A crucial feature that makes Solana stand apart from its competitors is that the blockchain is scalable at its base level, that is, it does not require layer-two solutions to increase scale. A key component of the blockchain that aids in this scalability is the Turbine block propagation protocol. It helps break down data into smaller fragments, making it easy to transfer it across the network. Sealevel also aids in the processing of transactions across GPUs and SSDs. All of these features combined make for a highly scalable, efficient and low-fee blockchain.

I love when teams push the boundaries of Web3, creating bridges between the two worlds. One such project is @REDX_EN, linked with the RED° TOKYO TOWER digital amusement park. Here's what next-gen teams are bringing to the entertainment industry ↓

Circle Internet Financial, the company behind the USDC stablecoin, is making a significant move by relocating its global headquarters from Boston to New York City. This transition marks a notable step in the company's growth and expansion strategy. The new headquarters will be housed in one of the upper floors of the iconic World Trade Center, commonly referred to as the Freedom Tower. This prestigious location, known for its symbolic importance and modern infrastructure, aligns with Circle’s position as a leader in the rapidly evolving digital currency space. The decision to move to New York places Circle in the heart of the global financial hub, which could further bolster its influence and connection with the broader financial industry.