Bitkub Blockchain Technology Co., Ltd., the developer of Bitkub Chain, Thailand's popular blockchain network and a comprehensive Blockchain Total Solutions provider, has announced its successes in early 2024. The company showcased its latest technological capabilities at the 4th Bitkub Chain Developer Meetup (BKCDM), an event organized to bring together blockchain developers and project owners within the blockchain ecosystem. It aims to update developers on important information that has never been disclosed before, preparing them to implement and enhance their projects with new functionalities. The event also honored notable developers and leading technology companies, including ZetaChain, a global leader in Omnichain blockchain technology, Token X Co., Ltd., and Sowaka Pte. Ltd. This fourth edition of the event featured major announcements across three main topics as follows:
Future Trend for Developer & The Rise of Bitkub Chain Presenting the success of Bitkub Chain and blockchain technology trends in 2024 by Passakorn Pannok, CEO of Bitkub Blockchain Technology Co., Ltd. Currently, Bitkub Chain has processed over 4 billion transactions, ranking 4th among leading blockchain networks worldwide. It has elevated its transaction capacity to a new limit of 5,000 transactions per second or 25,000 transactions per block, with the goal of developing to 100,000 transactions per block soon. This will enable Bitkub Chain to fully support a large number of simultaneous users.
Bitkub Chain has also launched the KUB Improvement Proposal (KIP), a document providing information and explaining new features of Bitkub Chain for the community. It also allows the community to participate in voting on the network's direction using gKUB tokens. This aligns with the current trend of blockchain usage, where many business sectors are beginning to apply blockchain to solve various pain points, which is expected to become more widespread in the future. Along with AI technology, which further supports the efficient use of blockchain technology, this presents a significant opportunity for Bitkub Chain to collaborate with the business sector to create use cases and further develop real-world applications.
The NEXT Generation of Blockchain Developer A panel discussion featuring leading blockchain developers, including Leow Liu, Partnership Lead at ZetaChain, a global leader in Omnichain blockchain technology; Panit Wechasil, Chief Technology Officer of Token X Co., Ltd.; Wataru Matsuda, Chief Executive Officer of Sowaka Pte. Ltd.; and Samret Wajanasathian, Chief Technology Officer of Bitkub Blockchain Technology Co., Ltd.
The panelists exchanged visions regarding the overall industry landscape of blockchain technology. They believe that blockchain is evolving over time, with its widespread use continuously increasing. They also believe that there will be acceptance from the government sector in the future. The discussion concluded by addressing the challenges currently faced by project developers, the collaboration between AI and blockchain technology in creating new innovations and solutions, as well as preparing for future changes.
Bitkub Chain Beyond Limit Presenting high-level technological capabilities by Samret Wajanasathian, Chief Technology Officer of Bitkub Blockchain Technology Co., Ltd., who revealed key features for developers, including NEXT SDK with several new properties such as Server to Blockchain, which will automatically connect your server data to the blockchain, and BKC Compatible, which will allow developers to easily, conveniently, and securely connect to the Bitkub NEXT wallet. Additionally, participants were given the opportunity to test the capability to handle rapid transactions, up to 5,000 transactions per second and 25,000 transactions per block, through a simulated transaction sending program. The presentation concluded with the unveiling of the Khaosan Network, a new Testnet blockchain network that will be launched and ready for use on September 9, 2024.
"As the CEO of Bitkub Chain, I am immensely proud of Bitkub Chain's growth and will continue to push for widespread real-world adoption. We will collaborate with business partners across all sectors to build upon our success, ensuring that Bitkub Chain has a robust ecosystem and serves as a foundation for sustainable innovation. Our commitment is not only to drive the future of blockchain but also to enable blockchain to sustainably enhance the capabilities of all sectors in the digital economy," said Passakorn Pannok, CEO of Bitkub Blockchain Technology Co., Ltd.
"The ability to handle up to 5,000 transactions per second and 25,000 transactions per block is a significant new milestone for Bitkub Chain, setting a new standard for speed and transaction capacity in blockchain technology. Our commitment to innovation ensures that our blockchain solutions are not only fast but also secure and reliable, paving the way for a new era for future project developers," added Samret Wajanasathian, Chief Technology Officer of Bitkub Blockchain Technology Co., Ltd.
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