Blockmate investee Hivello partners with U2U Network to distribute nodes within ecosystem
Blockmate Ventures announces its investee Hivello Holdings has partnered with U2U Network to explore the distribution of U2U nodes within the Hivello ecosystem. U2U's architecture supports over 17,000 transactions per second per sharding, with testing showing 500,000 TPS network-wide and 650 milliseconds finality time.
The partnership aims to leverage Hivello's DePIN (Decentralized Physical Infrastructure Network) capabilities to strengthen U2U network's supply while increasing passive earning opportunities for Hivello users through their idle computing power. U2U Network's advanced node network is designed to power IoT, telecommunications, and AI applications, utilizing Directed Acyclic Graph technology with Helios Consensus.
Blockmate Ventures annuncia che la sua partecipata Hivello Holdings ha stretto una partnership con U2U Network per esplorare la distribuzione dei nodi U2U all'interno dell'ecosistema Hivello. L'architettura di U2U supporta oltre 17.000 transazioni al secondo per sharding, con test che mostrano 500.000 TPS a livello di rete e un tempo di finalità di 650 millisecondi.
La partnership mira a sfruttare le capacità DePIN (Decentralized Physical Infrastructure Network) di Hivello per rafforzare l'offerta di rete di U2U, aumentando nel contempo le opportunità di guadagno passivo per gli utenti di Hivello attraverso la loro potenza di calcolo inattiva. La rete avanzata di nodi di U2U è progettata per alimentare applicazioni IoT, telecomunicazioni e AI, utilizzando la tecnologia Directed Acyclic Graph con Helios Consensus.
Blockmate Ventures anuncia que su participada Hivello Holdings se ha asociado con U2U Network para explorar la distribución de nodos U2U dentro del ecosistema Hivello. La arquitectura de U2U admite más de 17,000 transacciones por segundo por sharding, con pruebas que muestran 500,000 TPS en toda la red y un tiempo de finalización de 650 milisegundos.
La asociación tiene como objetivo aprovechar las capacidades DePIN (Red de Infraestructura Física Descentralizada) de Hivello para fortalecer el suministro de la red U2U, al tiempo que aumenta las oportunidades de ganancias pasivas para los usuarios de Hivello a través de su potencia de computación inactiva. La red avanzada de nodos de U2U está diseñada para energizar aplicaciones de IoT, telecomunicaciones y AI, utilizando tecnología de gráfico acíclico dirigido con consenso Helios.
Blockmate Ventures는 자회사인 Hivello Holdings가 U2U Network와 협력하여 Hivello 생태계 내에서 U2U 노드 배포를 탐색하고 있다고 발표했습니다. U2U의 아키텍처는 샤딩당 17,000건 이상의 트랜잭션을 지원하며, 테스트 결과 네트워크 전반에서 500,000 TPS와 650밀리초의 최종 처리 시간을 보여주었습니다.
이번 파트너십은 Hivello의 DePIN(탈중앙화 물리적 인프라 네트워크) 기능을 활용하여 U2U 네트워크의 공급을 강화하고, Hivello 사용자의 유휴 컴퓨팅 파워를 통해 수동적 수익 기회를 증가시키는 것을 목표로 하고 있습니다. U2U Network의 고급 노드 네트워크는 IoT, 통신 및 AI 애플리케이션에 전력을 공급하기 위해 Helios 합의를 활용한 방향 비순환 그래프 기술을 사용하여 설계되었습니다.
Blockmate Ventures annonce que sa société investie Hivello Holdings a établi un partenariat avec U2U Network pour explorer la distribution des nœuds U2U au sein de l'écosystème Hivello. L'architecture de U2U prend en charge plus de 17 000 transactions par seconde par sharding, avec des tests montrant 500 000 TPS à l'échelle du réseau et un temps de finalité de 650 millisecondes.
Le partenariat vise à tirer parti des capacités DePIN (Réseau d'Infrastructure Physique Décentralisée) de Hivello pour renforcer l'approvisionnement du réseau U2U tout en augmentant les opportunités de gains passifs pour les utilisateurs de Hivello par le biais de leur puissance de calcul inoccupée. Le réseau de nœuds avancés de U2U est conçu pour alimenter des applications IoT, de télécommunications et d'IA, en utilisant la technologie de Graphique Acyclique Dirigé avec le Consensus Helios.
Blockmate Ventures gibt bekannt, dass ihr Beteiligungsunternehmen Hivello Holdings eine Partnerschaft mit U2U Network geschlossen hat, um die Verteilung von U2U-Knoten im Hivello-Ökosystem zu erkunden. Die Architektur von U2U unterstützt über 17.000 Transaktionen pro Sekunde pro Sharding, wobei Tests 500.000 TPS netzweit und eine Abschlusszeit von 650 Millisekunden zeigen.
Die Partnerschaft zielt darauf ab, die DePIN (Dezentrale Physische Infrastruktur Netz) Fähigkeiten von Hivello zu nutzen, um das Angebot des U2U Netzwerks zu stärken und gleichzeitig passive Einkommensmöglichkeiten für Hivello-Nutzer durch ihre ungenutzte Rechenleistung zu erhöhen. Das fortschrittliche Knotennetzwerk von U2U ist dafür ausgelegt, IoT-, Telekommunikations- und KI-Anwendungen zu betreiben und verwendet die Directed Acyclic Graph-Technologie mit Helios-Konsens.
- Strategic partnership expands Hivello's network capabilities and user earning potential
- U2U Network brings high-performance infrastructure with 500,000 TPS capability
- Integration opens new revenue streams in growing IoT and AI markets
- None.
TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its investee, Hivello Holdings Ltd has partnered with U2U Network to explore the distribution of U2U nodes within the Hivello ecosystem.
U2U’s architecture supports more than 17,000 transactions per second (TPS) per sharding, with testing demonstrating 500,000 TPS across the network and a finality time of just 650 milliseconds. The network already powers a range of applications in the Internet-of-Things and Artificial Intelligence spaces, industries that are increasing their demand for computing power.
By integrating with U2U, the strategic partnership aims to leverage the Hivello network’s DePIN (Decentralized Physical Infrastructure Network) capabilities to bolster the U2U network’s supply while increasing the passive earning capacity of Hivello users who can offer their idle computing power to the ecosystem through the Hivello app.
Justin Rosenberg, CEO of Blockmate Ventures, commented, "The Hivello team continues to expand their partner network through opportunities like this partnership with U2U Network that highlights the global demand for DePIN as more users capitalise on the simplicity of the Hivello app that connects users with buyers of their computing power.
“With Blockmate being the major shareholder of Hivello Holdings, it is pleasing to see more value being added to the Hivello ecosystem as strategic partnerships like these create more passive income opportunities for Hivello app users.”
Below is the press release from Hivello:
Hivello teams up with U2U Network: a new era for DePIN accessibility
London & Amsterdam, December 9th, 2024 – Hivello, a platform dedicated to aggregating DePIN (Decentralized Physical Infrastructure Networks) projects, and U2U Network, a purpose-built layer-1 blockchain tailored for the demands of DePIN, are announcing a strategic partnership. This collaboration aims to explore the distribution of U2U nodes within the Hivello ecosystem.
Hivello provides users with a seamless way to earn passive income using their idle desktop devices. Their platform aggregates the top-performing DePIN networks into a simple, user-friendly desktop app that requires no technical expertise.
U2U Network features an innovative design that integrates Directed Acyclic Graph (DAG) technology with the Helios Consensus. This architecture supports 17,000 transactions per second (TPS) per sharding, with testing demonstrating an impressive 500,000 TPS across the network and a finality time of just 650 milliseconds. Its modular subnet framework further empowers enterprises to build tailored decentralized applications while maintaining robust security and scalability.
U2U’s advanced node network is designed to power IoT, telecommunications, and AI applications, addressing the needs of these rapidly evolving industries. As the DePIN market experiences exponential growth, U2U is strategically positioned to become a leading force in shaping decentralized infrastructure. Hivello complements this vision by bolstering the U2U network's supply side, delivering high-quality nodes that prioritize security, stability, and decentralization.
“Through our partnership with Hivello, we’re making decentralized infrastructure more accessible while setting new standards in scalability and security. Together, we’re empowering individuals to effortlessly contribute to the growth of IoT, AI, and telecommunications industries,” said Ms. Chloe Phung, Co-Founder & Co-CEO of U2U Network.
“We’re excited to partner with U2U Network and explore how our combined efforts can make DePIN more accessible. This collaboration is a step forward in our shared goal of bringing decentralized infrastructure and the benefits it holds, to a broader audience and empowering users worldwide,” said Domenic Carosa, Co-founder and Chairman of Hivello.
About Blockmate Ventures Inc.
Blockmate Ventures is a venture creator focussing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, climate and energy storage. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.
The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.
Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.
About Hivello
Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to generate an extra source of income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.
For more information about Hivello and to stay updated on its developments, visit www.hivello.com
About U2U Network
U2U network is a Modular Layer 1 with perfect fit infrastructure for DePIN and Blockchain real-world application builders. U2U combines the Directed Acyclic Graph (DAG) structure with the Helios consensus mechanism to achieve high throughput, low latency, and energy efficiency.
ON BEHALF OF THE BOARD OF DIRECTORS
Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-888-218-6863)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Blockmate disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
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