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DIONE PROTOCOL MIGRATION UPDATE: RESOLVING BUG ISSUES AND ENHANCING USER
EXPERIENCE ODYSSEY: A SUSTAINABLE LAYER 1 BLOCKCHAIN SOLUTION POWERED BY GREEN
ENERGY

External - Press Release
By: Chainwire • November 8, 2024
Press Releases


Toronto, Canada, November 8th, 2024, Chainwire




Dione Protocol Migration Update: Resolving Bug Issues and Enhancing User
Experience Odyssey: A Sustainable Layer 1 Blockchain Solution Powered by Green
Energy, Dione Protocol, a leader in sustainable blockchain technology, proudly
How to complete Dione protocol Migration the launch of Odyssey, a groundbreaking
Layer 1 (L1) blockchain solution committed to renewable energy. Since its
inception in 2022, Dione Protocol has focused on Fix any Dione protocol Bug
Issues integrating blockchain technology with clean energy solutions to tackle
pressing challenges in the global energy sector. With the unveiling of Odyssey,
Dione Protocol Official Dione protocol Website makes a significant stride toward
promoting sustainability within the blockchain ecosystem.

In recent years, the environmental impact of cryptocurrency mining and
blockchain operations has become a pressing concern. Traditional blockchain
networks, especially those based on proof-of-work, often consume vast amounts of
energy, contributing to increased carbon emissions. As the world shifts towards
sustainable development, there is a growing need for blockchain solutions that
minimize their ecological footprint. Odyssey addresses this need by leveraging
renewable energy sources, setting a new standard for green blockchain
technology.

What is Odyssey Blockchain

Odyssey is a Layer 1 blockchain solution engineered to offer unparalleled
performance while adhering to the highest standards of environmental
sustainability. By harnessing renewable energy, Odyssey not only ensures
energy-efficient operations but also sets a precedent for responsible blockchain
development. The blockchain is designed to support a wide range of applications,
from decentralized finance (DeFi) protocols to non-fungible token (NFT)
marketplaces and decentralized autonomous organizations (DAOs).

How is the Odyssey Blockchain powered by renewable energy?

Odyssey distinguishes itself through its dedication to renewable energy. This
approach drastically reduces energy consumption while maintaining robust
security and performance. Furthermore, Odyssey’s infrastructure is powered
exclusively by renewable energy sources, including solar, wind, and
hydroelectric power, ensuring that all operations have a minimal environmental
impact.

A key component of Dione’s blockchain is ORION—its DePIN (Decentralized Physical
Infrastructure Network) hardware. ORION is an advanced decentralized validation
system that allows node operators to validate on-chain usage of renewable
energy. It combines a metering device and a gateway with a highly
energy-efficient processing unit, an AI protocol, and a blockchain validation
protocol. This decentralized validation approach enhances transparency and
security within the Odyssey ecosystem.

The blockchain utilizes an innovative artificial intelligence (AI) system with
95% accuracy in predicting whether energy consumption comes from renewable
sources or is powered by the grid. This AI analyzes over 10,000 data points to
identify and match weather conditions and energy sources in real-time. The
prediction accuracy has a margin of error of only ±3%, ensuring reliable and
precise data validation. This enables Odyssey to efficiently optimize energy
consumption.

In addition, Dione plans to integrate other renewable energy sources into
Odyssey's infrastructure in the future to further diversify the energy supply.
The exclusive use of renewable energy and data-driven optimization through AI
underscores Dione’s uncompromising commitment to eco-friendliness, with minimal
environmental impact.

Key Features of Odyssey Blockchain

 * Higher Throughput: Odyssey is designed to handle over 4,500 transactions per
   second (TPS) on its Layer-1 chain, with the ability to scale further through
   additional optimizations and scaling solutions.
 * Enhanced Scalability: The network is built to efficiently scale to hundreds
   or even thousands of nodes without compromising performance, security, or
   decentralization.
 * Better Security and Data Privacy: Odyssey employs a multi-chain hybrid
   architecture that allows for the setup of permissioned subnets. This ensures
   that private data is accessible only to authorized parties, while data
   integrity is maintained through public hashes.
 * Enhanced Transaction Security: Transactions on Odyssey reach finality in
   about one second, achieving near-instant finality. The network validates all
   transactions as part of its consensus mechanism, increasing security and
   eliminating the need for the longest-chain rule.
 * EVM Compatibility: Odyssey Chain seamlessly integrates with the Ethereum
   Virtual Machine (EVM), allowing developers to deploy decentralized
   applications (dApps) quickly and cost-effectively using familiar tools and
   languages.
 * Robust APIs: The Odyssey API offers a comprehensive suite of functionalities,
   including transaction lists, statistical data, token holder counts, and
   wallet transfer histories, catering to a wide range of development needs.
 * Energy Efficiency: The proof-of-stake consensus mechanism, combined with a
   commitment to renewable energy sources, ensures that Odyssey operates with
   minimal energy consumption, reinforcing its dedication to environmental
   sustainability.

The Team Behind Odyssey Blockchain

The Odyssey blockchain is developed by a passionate team of experts committed to
integrating technological innovation with environmental stewardship. This
diverse group consists of blockchain developers, energy specialists, and
sustainability advocates, all working together to bring Odyssey to life and
promote a more sustainable future for blockchain technology.

Parth Kapadia - Parth is a seasoned climate technology expert with over 15 years
of experience in the power and utilities sector. He holds a degree in Civil and
Environmental Engineering from the Illinois Institute of Technology. Parth began
his career at ComEd (Commonwealth Edison), focusing on power grid systems, and
later advanced to Exelon as an Entrepreneur in Residence (EIR), where he led a
project supported by Constellation Technology Ventures. He then joined Sunrun in
Silicon Valley, working on energy storage solutions and Vehicle-to-Grid (V2G)
technology.

At Itron, he played a key role in developing the GridScape Distribution
Automation software, eventually serving as Head of Technical Product Management
at AutoGrid, where he helped productize over 10 Gigawatts of flexible capacity
through virtual power plants (VPPs) prior to their acquisition by Schneider
Electric/Uplight. Parth has also launched a FedEx API service and a health tech
mobile app with over a million users, and he has been actively investing in
cryptocurrency since 2016.

Stefan Kermer, PhD - Stefan is a distinguished expert in climate technology and
renewable energy, driven by a passion for addressing the critical challenges of
climate change. With a strong focus on integrating innovative solutions into the
energy sector, he plays a vital role in advancing Dione Protocol's
sustainability mission.

As the Founder of Carbon Insights, Stefan empowers the European EUA industry by
providing valuable insights and analytics that facilitate informed
decision-making. His consultancy, ECO2TECH, specializes in energy and climate
business strategy, digital product development, and VC fundraising, serving
clients across the USA, EU, and UK.

Previously, he was Head of Innovation and Strategic Projects at Wien Energie
GmbH, where he led startup accelerator programs and collaborated with over 30
startups to drive strategic investments in climate and energy. Stefan also
conducted the decarbonization study for the City of Vienna, negotiating critical
climate infrastructure investment projects. With a solid academic background in
energy economics from London Business School, Stefan combines theoretical
expertise with practical experience, making him an invaluable asset to Dione
Protocol as it pioneers sustainable blockchain solutions.

About Dione Protocol

Dione Protocol is a groundbreaking initiative at the intersection of blockchain
technology and renewable energy. The project aims to redefine energy consumption
and production through a suite of innovative products and solutions. At its
core, Dione Protocol integrates blockchain with renewable energy to address
critical environmental challenges and promote a sustainable future.

Key offerings include:

 * Orion: A decentralized physical infrastructure product (DePIN) utilizing
   Artificial Intelligence (AI) to detect and validate green energy sources,
   setting new standards for environmental responsibility.
 * Odyssey: A fully renewable energy-powered L1 blockchain solution that
   supports decentralized applications while contributing to global
   sustainability efforts.
 * Nebra (in development): A peer-to-peer renewable energy marketplace
   envisioned as the 'Uber for energy,' designed to democratize access to green
   energy and facilitate efficient trading and sharing of renewable resources.

Dione Protocol’s commitment to minimizing the carbon footprint of blockchain
technology and advancing real-world applications of renewable energy underscores
its role as a leader in promoting a more sustainable and efficient energy
market.

For more information about Odyssey and Dione Protocol’s mission, please visit
https://www.dioneprotocol.com/ or contact pr@dioneprotocol.com




Contact

Brandon Kokoski
Dione Protocol
pr@dioneprotocol.com



RELATED POSTS


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Home /News /Press Releases


VIRTUAL ASSETS LAB (VAL.COM) ANNOUNCES NEXT-GENERATION STABLECOIN MANAGEMENT AND
WALLET PLATFORM

By: Chainwire    0 hours ago

Press Releases


Zug, Switzerland, November 11th, 2024, Chainwire




Proven-at-Scale Technology Enhances Security, Privacy, Compliance and Incentives
for Global Digital Finance

Virtual Assets Lab, AG (VAL.com) is pleased to announce the launch of its
next-generation stablecoin management and wallet platform. Designed to advance
digital finance, this platform offers secure, compliant, and customizable
solutions for users, blockchain networks, exchanges, institutions and
governments

Virtual Assets Lab’s technology has already been proven-at-scale with over $100
billion in managed transactions and more than one million mobile app
installations across 180+ countries, achieving an average rating of 4.5+.

Introducing “1Currencies” Launching symbolically on 11/11, Virtual Assets Lab
(VAL.com) is excited to debut our flagship stablecoin line, “1Currencies” – a
comprehensive suite of G10 currencies beginning with 1USD. With over 99% of
stablecoin transactions in USD, 1USD ensures compliance and security, while
offering cutting-edge features and attractive economics.

> “Our vision with 1Currencies is to bring compliance, security, transparency
> and shared economics to stablecoins, starting with the world’s most widely
> used currency,” said Bill Wolf, Co-Founder of Virtual Assets Lab and former
> Managing Director at Goldman Sachs, HSBC and Credit Suisse. “1USD is just the
> beginning – each currency in the 1Currencies suite will empower users with
> better economics and seamless interoperability across the financial
> landscape.”

1USD is coming to centralized exchanges globally in 2025

Introducing “VAL Mobile App”With the new VAL app, users gain a streamlined way
to create and manage wallets, access stablecoins, and establish self-sovereign
IDs (SSIs) backed by verified credentials, enhancing security and privacy. The
app supports interaction with decentralized applications (dApps), exclusive
marketplace offerings, and provides free hack monitoring for user assurance.
Designed to bring Web3 capabilities to everyday users, the VAL app promotes
greater control and confidence in digital finance.

Virtual Assets Lab’s Key Benefits:

Proven-at-Scale: Virtual Assets Lab’s stablecoin management system has
successfully handled over $100 billion in transactions and VAL’s mobile app has
achieved over one million installs from users in more than 180 countries, with
an average rating of 4.5+.

Flexible Pricing with Shared Economics: Virtual Assets Lab offer flexible
pricing models, lower startup costs, and yield-sharing options, making VAL an
ideal partner for Layer 1 blockchain networks and exchanges seeking
cost-effective stablecoin solutions.

Support for G10 Currencies: Virtual Assets Lab’s platform supports multiple fiat
currencies, including USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, SEK, and NOK,
facilitating global adoption and accessibility.

Chain-Agnostic and Exchange-Neutral Design: Virtual Assets Lab’s stablecoins are
compatible with various blockchain networks and exchanges, providing flexibility
and promoting financial inclusion.

Highly Customizable & Easy to Integrate: Virtual Assets Lab’s cutting-edge
platform is highly customizable, easy to integrate and offers robust support
services, enabling more efficient onboarding and ongoing management.

Virtual Assets Lab’s Trust Layer:

Compliant & Licensed: Virtual Assets Lab are licensed and registered across
various jurisdictions including; VQF (Switzerland ), EMI* (Europe ), VASP
(Europe) & AUSTRAC (Australia).

Secure and privacy-first: Virtual Assets Lab's stablecoin platform is partnered
with trusted custodians and utilizes secure back-end cross chain transferability
and high security. Virtual Assets Lab's mobile app wallet technology is SOC II
compliant and leverages self-sovereign identity (SSI) and reusable, verified
credentials (VCs) for added security and privacy.

Transparent: Virtual Assets Lab offer full transparency by publishing third
party, real-time attestations, legally attesting to the balances held backing
"1USD" cross-referenced against " 1USD" balances on chain.

About Virtual Assets Lab (VAL.com)

Virtual Assets Lab (VAL.com) is a digital finance infrastructure provider
specializing in stablecoin management and wallet solutions. With a team of
seasoned professionals experienced in web3 and crypto projects, leading consumer
and enterprise technology, finance, and compliance, VAL is dedicated to
supporting the global transition to digital finance.

For Media Inquiries:

Virtual Assets Lab Team / hello@val.com




Contact

Co-Founder
Bill Wolf
Virtual Assets Lab (VAL.com)
bill@val.com



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