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Category: Education

Let’s get to know Ethereum’s Next Big Thing “EigenLayer”

Posted on by warisara

Let’s get to know Ethereum’s Next Big Thing “EigenLayer”

Let's get to know Ethereum's Next Big Thing “EigenLayer” Protocol Hottest Ecosystems. Currently!

Let’s get to know Ethereum’s Next Big Thing “EigenLayer” Protocol Hottest Ecosystems. Currently!

 

You can’t miss EigenLayer these days – it’s the hottest new protocol on the Ethereum blockchain. But what is EigenLayer? In simple terms, it’s a tool that allows you to “restake” your coins on Ethereum. This means you can earn rewards multiple times on the same ETH, making it more secure and profitable.

 

Imagine being able to restake your token and earn even more rewards! 

Users can restake their ETH immediately without waiting for the unlock period.

They may earn higher returns from restaking without risking slashing.

And they can easily access and participate in the Ethereum ecosystem without worrying about complexity.

 

But EigenLayer has more to offer than just restaking. It also provides a variety of benefits for all users, including:

 

  • Increased Staking Rewards: EigenLayer helps you increase your staking rewards on ETH without worrying about risks.

 

  • Flexible ETH Staking: You can restake your ETH immediately without waiting for the unlock period.

 

  • Easy Access to Ethereum dApps: EigenLayer makes it easy to access dApps on Ethereum without setting up your own node.

 

  • Participation in the Ethereum Ecosystem: EigenLayer makes it easy to participate in the Ethereum ecosystem without worrying about complexity.

 

 

There are several reasons why EigenLayer has gained significant traction recently. In addition to its Restaking capabilities, EigenLayer offers a comprehensive suite of features and tools that cater to the diverse needs of Ethereum users. These include security auditing tools for transactions, as well as Web3 game development tools that empower users to build and deploy their own decentralized applications.

 

Learn more here: https://www.eigenlayer.xyz/

Disclaimer: Investing in cryptocurrencies is highly risky. Please conduct thorough research and assess your risk tolerance before making any investment decisions.

Please stay tuned for more at

——————————————–

Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

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Warisara Thepsiri
Warisara Thepsiri

Experience the magic of Blockchain with SIX Network!

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Summary of Q1 2024 Highlights for SIX Network

Posted on by warisara

Summary of Q1 2024 Highlights for SIX Network

Summary of Q1 2024 Highlights for SIX Network

SIX Network made strategic advancements in the first quarter of 2024, announcing our Roadmap 2024. Key milestones were established, with significant opportunities for dedicated ambassadors to contribute to the achievement. 

 

This summary highlights SIX Network’s Q1 activities, including an exclusive live AMA with Co-CEOs for the Roadmap 2024 announcement, the SIX Pack Program, monthly community calls, Crypto Campfire sessions, and ongoing contributions. These activities underline the importance of community, innovation, and knowledge-sharing as we continue building for the future.

 

Roadmap 2024 Announced in Exclusive LIVE AMA with Co-CEOs

Roadmap 2024 Announced in Exclusive LIVE AMA with Co-CEOs

SIX Network has announced our 2024 Roadmap in an exclusive LIVE AMA session with Co-CEOs on Thursday, 8th Feb 2024, at 6 PM (ICT Time) on our Facebook Page. The roadmap includes SIX Protocol upgrades to a modular blockchain, enhancement of DeFi products with new features, partnerships with global projects, and the development of products on the presentation layer.

 

 

Our current goal is to expand the SIX Protocol ecosystem, utilizing a modular blockchain for increased efficiency, scalability, and network expansion. We are enhancing DeFi products, fostering liquidity access, and integrating with various blockchains. Collaborations with global projects providing technology expertise and financial support. Moreover, our efforts concentrate on developing a user-friendly Presentation Layer, simplifying blockchain access with products like SIX Vault and Gen 2 Studio to streamline blockchain usage for businesses.

 

Our strategy aims to provide ongoing value to SIX holders, rewarding them through Node Staking and anticipating airdrops. The development of DeFi and global partnerships continues to boost SIX token liquidity, potentially granting special privileges to holders from collaborating businesses.

 

For more details, please visit: SIX Network Roadmap 2024 

 

SIX Network called for passionate SIX Ambassadors to join the SIX Pack Program

SIX Network called for passionate SIX Ambassadors to join the SIX Pack Program

SIX Network invited everyone to contribute to our revolutionary journey through the SIX Pack Program: The Ab-solute, the pioneering initiative that allows community members to contribute to what they believe in and make a meaningful impact. 

 

As Phase One of the SIX Ambassador Program began, passionate advocates sought to share the message of SIX Network’s secure scaling. Whether a content creator, supporter, or technical ambassador, there was a place for you in our vibrant community.

 

We selected five contributors based on the significance of their contributions. Being part of the SIX Pack Program offered the opportunity to experience monthly recognition, exclusive gear, and early access privileges. Participants were able to actively contribute to shaping the future, unlocking various perks, and refining their skills.

 

For more details, please visit SIX Pack : The Ab-solute

 

SIX Network Strengthened Community Engagement Through Monthly Community Calls and Crypto Campfire

SIX Network Strengthened Community Engagement Through Monthly Community Calls and Crypto Campfire

SIX Network aimed to grow a dynamic blockchain community through our Monthly Community Calls and Crypto Campfire sessions, providing opportunities for knowledge-sharing and engaging discussions.

 

Session Highlights:

 

  • Monthly Community Call: ‘#Modular Blockchain’ with Stocker Day

In this session, the crypto expert “Stocker Day” explored the potential of modular blockchain technology and discussed its relevance in the 2024 landscape.

 

  • Crypto Campfire with Ploy Talk: ‘Trends of Blockchain in 2024’

Ploy Talk offered insights into the trends shaping the blockchain industry during that year.

 

  • Crypto Campfire Special: NFT Insights and SIX Airdrop with iKnowTerry

The renowned Thai NFT educator, iKnowTerry, led a session on NFTs. Attendees had the opportunity to win SIX Network Airdrop rewards.

 

If you’re interested in our session, let’s be a part of the SIX Network Discord community at https://discord.com/invite/sixnetwork.

 

 

SIX Network Announces Strategic Partnership and Investment in ContributionDAO

SIX Network Announces Strategic Partnership and Investment in ContributionDAO

SIX Network announced a strategic investment and partnership with ContributionDAO, an institutional-graded blockchain infrastructure and staking services.

 

ContributionDAO announced their direction to become The Digital Asset Staking platform built for institutions and the community. They have contributed to over 60 blockchain projects and have over $200 million in staked assets.

 

This partnership opens up new opportunities to access global projects, aligning perfectly with SIX Network’s core value of promoting blockchain adoption since ContributionDAO has a strong reputation within the global blockchain community. Also, it can lead to new benefits for the users in the SIX Protocol ecosystem such as extra airdrops from global projects as a reward.

 

 

Bitget Thai KOL Meetup

SIX Network and Biget Thai KOL Meetup event

Bitget, a leading global exchange, joined forces with SIX Network to host an exclusive Thai KOL meetup. This event brought together influential figures, thought leaders, and key players from the Thai crypto community, providing a platform for them to connect, share insights, and explore potential partnerships.

 

By facilitating face-to-face interactions and encouraging open discussions, the meetup aimed to strengthen the bonds within the industry, promote knowledge exchange, and create new opportunities for growth and innovation. This collaboration between Bitget and SIX Network underscores their shared commitment to supporting the development of the crypto ecosystem in Thailand and beyond.   

 

 

Build Strong Foundation

In the first quarter of 2024, SIX Network started a new and exciting journey by sharing our ambitious Roadmap 2024 and setting the stage for our next phase of growth. This roadmap acts as our guide, focusing on moving to a modular blockchain structure, improving our DeFi products, and creating user-friendly presentation layer products. Not only did we share our plan, but we also started working on making it a reality.

 

Our strategic partnership and investment in ContributionDAO is a great example of how we are actively working towards achieving our roadmap goals. This collaboration fits perfectly with our long-term vision, opening up many opportunities for SIX Network to grow globally and create new partnerships with important players in the industry. At the same time, our dedicated team has been working hard on developing our own products and collaborating with our valued business partners on exciting new projects, which are expected to be announced in the coming months.

Please stay tuned for more at

——————————————–

Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Warisara Thepsiri
Warisara Thepsiri

Experience the magic of Blockchain with SIX Network!

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นับถอยหลังปรากฏการณ์a Bitcoin Halving กับ SIX Network!

Posted on by warisara

นับถอยหลังปรากฏการณ์a Bitcoin Halving กับ SIX Network!

Bitcoin Halving Countdown with SIX Network

พร้อมที่จะฉลองวันแห่ง Bitcoin Halving Day กันแล้วหรือยัง ? 

ร่วมนับถอยหลังกับ SIX Network ในอีก 2 วัน ก่อนจะถึงวันแห่งประวัติศาสตร์ของ

Bitcoin Halving ที่ 4 ปี จะมีแค่ 1 ครั้งเท่านั้น ใกล้ถึงวันที่อาจส่งผลกระทบหลากหลายสิ่งให้วงการคริปโตสะเทือนแล้ว

 

จะเกิดอะไรขึ้นในเหตุการ์ Bitcoin Halving บ้าง ? SIX Network ได้สรุปมาไว้ให้แล้วที่นี่ 

Bitcoin Halving คืออะไร ?

Bitcoin Halving คือวันที่บิตคอยน์ถูกลดครึ่งหนึ่ง หรือเวลาที่ขุดบล็อกใหม่ในเครือข่ายบิตคอยน์จะลดลงครึ่งหนึ่งทุก ๆ สี่ปี เราจึงเรียกเหตุการณ์นี้ว่า ‘แบ่งครึ่ง’ การแบ่งครึ่งของบิตคอยน์ถูกซ่อนไว้ในระบบโค้ดของบิตคอยน์เพื่อจัดการกับการเงิน และรักษาจำนวนบิตคอยน์ทั้งหมดในระบบให้คงที่ไว้ การแบ่งครึ่งทำให้ส่งผลต่อการขุดบิตคอยน์ใหม่ ซึ่งอาจมีผลต่อราคาของบิตคอยน์และมีผลกระทบต่อตลาดคริปโตรวมถึงนักลงทุนในระยะยาวด้วย

 

หรือเรียกได้อีกอย่างว่า Bitcoin Halving เป็นเครื่องมือที่ใช้ในการควบคุมปริมาณของบิตคอยน์ โดยการลดรางวัลให้เหลือครึ่งหนึ่ง ซึ่งเหตุการณ์นี้เริ่มครั้งแรกจาก 50 BTC ต่อบล็อกในปี 2012 หลังจากนั้นลดลงมาเหลือ 25 BTC ในปี 2016 และต่อมาลดลงมาเหลือ 12.5 BTC และในปัจจุบันลดลงมาอยู่ที่ 6.25 BTC ผู้สร้างบิตคอยน์อย่าง Satoshi Nakamoto ได้ใช้เครื่องมือนี้อย่างชาญฉลาด เพื่อให้ปริมาณของบิตคอยน์เข้าใกล้กับจำนวนที่กำหนดไว้ทั้งหมด คือ 21 ล้านเหรียญ ซึ่งการแบ่งครึ่งนี้ ทำให้เกิดความตื่นเต้นและน่าสนใจแก่วงการบิตคอยน์อย่างมาก

 

ผลกระทบต่อวงการคริปโตเคอเรนซี่

ผลของ Bitcoin Halving อาจส่งผลกระทบในอุตสาหกรรมสกุลเงินดิจิทัล และจะมีผลกระทบในด้านต่าง ๆ ในตลาดสินทรัพย์ดิจิทัล ทั้งราคา, มูลค่า และกลุ่มนักลงทุนระยะยาว

 

สิ่งที่อาจจะเกิดขึ้น ? 

  • ส่งผลต่อความต้องการซื้อและการขาย: การแบ่งครึ่งของบิตคอยน์ ทำให้จำนวนของเหรียญบิตคอยน์ลดลง ซึ่งอาจทำให้มูลค่าเหรียญสูงขึ้น จึงทำให้เกิดความต้องการซื้อที่มีมากกว่าจำนวนเหรียญที่สามารถขายได้

  • ผู้คนทั่วโลกจะตื่นตัวต่อตลาดมากขึ้น: ผู้คนเริ่มมีความตื่นเต้นกับเหตุการณ์ Bitcoin Halving และคาดเดาว่ามันจะส่งผลอย่างไรต่อราคาของบิตคอยน์ จากการตื่นตัวของเหล่านักลงทุนอาจทำให้มีผู้ใช้งานในตลาดซื้อขายสกุลเงินดิจิทัลเพิ่มขึ้น และอาจส่งผลกระทบต่อราคาทั้งก่อนและหลังจากเหตุการณ์นี้

  • รายได้ของนักขุด: การแบ่งครึ่งของบิตคอยน์ ส่งผลให้รายได้ของนักขุดลดน้อยลงสำหรับการสร้างบิตคอยน์ใหม่

  • ความคุ้มค่าของบิตคอยน์ในระยะยาว: การแบ่งครึ่งครั้งนี้แสดงให้เห็นว่าบิตคอยน์อาจลงทุนยากขึ้นเมื่อเวลาผ่านไป ทำให้ดูเหมือนเป็นสิ่งที่ดี ที่จะถือไว้เป็นเวลานาน แม้ว่าราคาจะปรับตัวขึ้นหรือลงอย่างมากในระยะสั้นก็ตาม
Did you know that searches for 'Bitcoin halving' on Google have reached an all-time high ?

รู้หรือไม่ว่า ยอดการค้นหา ‘Bitcoin Halving’
บน Google ในช่วงเวลานี้สูงที่สุดกว่าที่เคยมีมา ? 

 

ข้อมูลล่าสุดจาก Google Trends พบว่า มีผู้ให้ความสนใจกับเหตุการณ์ Bitcoin Halving เป็นจำนวนมาก ซึ่งมียอดการค้นหา หรือถูกพูดถึงสูงขึ้นอย่างที่ไม่เคยมีมาก่อน ซึ่งตอนนี้คะแนนของคำค้นหา ‘Bitcoin Halving’ ได้ถึง 45 คะแนน และคาดการณ์ว่าจะถึง 100 คะแนนในอีกไม่ช้า หรือภายในสิ้นเดือนนี้ก็เป็นได้ ซึ่งเป็นการทุบสถิติจากปีก่อน ๆ และยังแสดงให้เห็นถึงการเติบโตสำหรับตลาดสกุลเงินดิจิทัล ที่มีผู้คนให้ความสนใจเป็นอย่างมากต่อราคาของ
บิตคอยน์อย่างกว้างขวาง 

 

ตอนนี้เหตุการณ์ Bitcoin Halving ได้รับความสนใจจากทั่วดลก ซึ่งดูได้จาก Google Trends ว่ามีประเทศอะไรบ้างที่กำลังพูดถึงเหตุการณ์นี้ เช่น ไนจีเรีย, เนเธอร์แลนด์, ซวิตเซอร์แลนด์, และไซปรัส นี่เป็นปรากฏการณ์สำคัญระดับโลกเลยจริง ๆ 

 

ในขณะเดียวกัน ราคาของบิตคอยน์ก่อนจะถึงวัน Bitcoin Halving มีราคาเริ่มต้นอย่างดีที่ 42,200 ดอลลาร์ และพุ่งสูงถึง 74% แตะยอดสูงสุดที่ 73,600 ดอลลาร์ในวันที่ 13 เมษายน แต่แล้วก็ร่วงลงมาอยู่ที่ราว 61,078 ดอลลาร์ ถึงอย่างนั้นนักลงทุนยังคงมีความหวังในวัน Bitcoin Halving อยู่ (ที่มาจาก : Cointelegraph)

 

 

สุดท้ายนี้

เรามาร่วมนับถอยหลังอีก 2 วันเพื่อร่วมฉลองให้กับวัน Bitcoin Halving เหตุการณ์ในประวัติศาสตร์ที่สำคัญต่อวงการคริปโตเคอเรนซี่ ไม่ว่าคุณจะเป็นผู้ถือบิตคอยน์ที่มีประสบการณ์มายาวนาน หรือเป็นมือใหม่ที่สนใจในบิตคอยน์ และแม้แต่คนที่กำลังมองหาโอกาสในการต่อยอดเทคโนโลยีและการเงิน

 

เตรียมตัวให้พร้อมแล้วมารอคว้าโอกาสทองนี้ไปกับพวกเรา!

ติดตามรายละเอียดเพิ่มเติมเพื่อไม่ให้พลาดข่าวสารของ SIX Network

——————————————–

Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Warisara Thepsiri
Warisara Thepsiri

Experience the magic of Blockchain with SIX Network!

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Bitcoin Halving Countdown with SIX Network

Posted on by warisara

Bitcoin Halving Countdown with SIX Network

Bitcoin Halving Countdown with SIX Network

Get Ready for the Bitcoin Halving Day! 

Counting down just 2 days with SIX Network before we reach the historic Bitcoin Halving Day. It only happens once every 4 years and it’s almost here! What could possibly happen in the upcoming Bitcoin Halving event that might shake up the cryptocurrency world ?

What is Bitcoin Halving Day ?

Bitcoin Halving Day is when the reward for mining new blocks on the Bitcoin blockchain gets cut in half every four years. This event, called the ‘halving,’ is built into Bitcoin’s code and is a key part of its monetary policy. Its purpose is to manage inflation and maintain Bitcoin’s limited total supply.

At its core, Bitcoin Halving is a mechanism to regulate the supply of Bitcoin. By cutting the reward in half, from its initial value of 50 BTC per block to 25 BTC in 2012, then to 12.5 BTC in 2016, and now to 6.25 BTC, Bitcoin’s creator, Satoshi Nakamoto, ingeniously ensured that the total supply of Bitcoin would gradually approach its predetermined cap of 21 million coins.

 

The Impact on Cryptocurrency

The effects of Bitcoin Halving ripple throughout the cryptocurrency ecosystem, influencing various facets of the market and shaping investor sentiment.

 

What will happen ?  

  • Supply and Demand: The halving makes Bitcoin rarer over time, which can make its price go up because there’s less of it available and people still want it.
  •  
  • Market Feelings and Guesses: People are really excited about the halving and guess about what it will do to Bitcoin’s price. This guessing can make the price go up and down a lot before and after the halving.
  •  
  • Miner Money: The halving means miners get less money for making new Bitcoins. Some miners might have to stop if it costs them more to make Bitcoins than they get paid, which can change who’s mining.
  •  
  • Bitcoin’s Worth in the Long Run: The halving shows that Bitcoin will be harder to get over time. This makes it seem like a good thing to hold onto for a long time, even if its price goes up and down a lot in the short term.

 

Did you know that searches for 'Bitcoin halving' on Google have reached an all-time high ?

Did you know that searches for ‘Bitcoin halving’ on Google have reached an all-time high ?

According to recent data from Google Trends, interest in the Bitcoin halving has surged to unprecedented levels. The search term ‘Bitcoin halving’ has reached a score of 45, with Google predicting it will hit a peak score of 100 by the end of this month! This surge in interest reflects the growing anticipation surrounding this historic event. 

The Bitcoin halving has grabbed worldwide attention, as shown by Google Trends. Countries like Nigeria, Netherlands, Switzerland, and Cyprus are particularly interested, highlighting its global significance.

Bitcoin’s timing couldn’t be better for the Halving Day, riding high on recent impressive performance. Starting at $42,200, Bitcoin soared 74% to hit an all-time high of $73,600 on May 13th. Though it’s cooled to around $61,078, optimism for the halving remains strong. (source : Cointelegraph)

 

In Conclusion

So, as we countdown the next 2 days til the coming of Bitcoin Halving Day, let’s celebrate this momentous occasion in the history of cryptocurrency. Whether you’re a full time trader, seasoned holder, a curious newcomer, or just someone fascinated by the intersection of technology and finance, the Bitcoin Halving Day is an event worth paying attention to. Get ready for the countdown and let’s see where the next chapter in Bitcoin’s journey takes us!

Stay tuned for more details to not missing on SIX Network

——————————————–

Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Warisara Thepsiri
Warisara Thepsiri

Experience the magic of Blockchain with SIX Network!

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Ethereum Dencun Upgrade: EIP-4844 (Proto-Danksharding) and Other Enhancements Explained

Posted on by Baicha Chalermlak

Ethereum Dencun Upgrade: EIP-4844 (Proto-Danksharding) and Other Enhancements Explained

Ethereum Upgrade

The Dencun upgrade (also called Cancun-Deneb) is a major Ethereum update scheduled for March 13, 2024. Its goal is to boost the network’s scalability and efficiency significantly. A key element of this upgrade is the implementation of Proto-Danksharding (EIP-4844), which is designed to make layer two (L2) transactions faster and significantly reduce gas fees.

 

Additionally, there are many other interesting proposals. What will be a part of this upgrade? Let’s take a closer look.

EIP-4844 (Proto-Danksharding)

EIP-4844 (Proto-Danksharding) stands out as a leading Ethereum Improvement Proposal, also known as Proto-Danksharding, introduces “blob-carrying” transactions to reduce costs associated with posting Layer 2 rollup data to the Ethereum mainnet. These transactions, carrying blob data, enable more cost-effective data submission.

 

This upgrade lays the groundwork for more advanced scalability enhancements, particularly Danksharding, emphasizing efficient blob verification through erasure coding and data availability sampling. The Ethereum community’s evolving roadmap prioritizes modular scaling with a focus on rollups and data optimization.

 

As such, let’s look at the main potential benefits of this improvement proposal:

•Lower Transaction Costs: EIP-4844 aims to drastically reduce gas fees. This will make Ethereum transactions more affordable for all users, especially for those engaged with L2 solutions.

• Enhanced Scalability: The introduction of blobs and the associated changes pave the way for Ethereum to scale its transaction throughput significantly. This scalability is key to Ethereum’s quest to onboard the first billion users.

• Improved User Experience: Lower fees and increased scalability translate into a better user experience, attracting a broader audience to the Ethereum ecosystem.

Benefits of Dencun update

The Ethereum Cancun-deneb (Dencun) upgrade is poised to introduce several network improvements:

 

• Scalability Improvements:

The addition of Proto-Danksharding is anticipated to enhance transaction processing speeds and capacities, particularly benefiting Layer 2 solutions built on the main Ethereum blockchain.

 

• Gas Fee Reduction:

EIP-4844’s integration of data “blobs” aims to significantly lower gas fees, making transactions more cost-effective.

 

• Security Upgrades:

Initiatives like EIP-6780 aim to bolster the network’s security measures, providing enhanced protection for user data.

 

• Efficient Data Storage:

The implementation of EIP-1153 is set to optimize blockchain data storage, leading to more streamlined operations and reduced costs, particularly beneficial for Layer 2 solutions relying on efficient data management.

 

• Cross-Chain Improvements:

EIP-4788 is designed to enhance the ease and security of cross-blockchain interactions, fostering improved interoperability with Layer 2 solutions.

 

In summary, the Cancun upgrade is expected to enhance Ethereum’s adaptability, security, and user experience, solidifying its position in the digital asset space and augmenting the capabilities of Layer 2 solutions.

SIX Protocol’s EVM-compatible

SIX Protocol stands out as an EVM-compatible blockchain tailored for business, offering the advantage of low gas fees. With the anticipated benefits from the Dencun upgrade, particularly for Layer 2 solutions, the synergy between these chains and SIX Network is set to create a robust ecosystem.

 

References Consensys. (2023, October 26). Ethereum Evolved: Dencun Upgrade Part 1, \EIP-5656 & EIP-6780. Part 2, EIP-7044 & EIP-7045. Part 3, EIP-4788. Part 4, EIP-7514 & EIP-1153. Part 5, EIP-4844.

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Unpacking NFT Gen 2 from SIX Network

Posted on by Baicha Chalermlak

Unpacking NFT Gen 2 from SIX Network

NFT_Gen2_SIX_Network

Table of Contents

Introduction

Hello, and welcome to “NFT Gen 2 Guide” We’re excited to explore the developments in the evolving world of NFTs with you. In this blog, we’ll take a closer look at NFT Gen 2 from SIX Network.

 

NFTs have taken the art, collectibles, and gaming worlds by storm, offering a new way to buy, sell and trade unique digital assets. From art to exclusive in-game items, NFTs provide a way to own and verify ownership of digital assets.

 

NFT Gen 2 is the next step in the evolution of NFTs, bringing new features and capabilities that make it even easier to use and interact with NFT users for businesses. In this guide, we’ll dive deeply into NFT Gen 2 and explore what sets it apart from other NFTs. We’ll also provide an overview and the benefits of using NFT Gen 2. So let’s get started!

What_Is_NFT_Gen2

What is NFT?

Non-fungible tokens, or NFTs, are types of digital assets that are created using blockchain technology. They are unique, immutable, non-interchangeable, and traceable.

 

NFTs can represent many things, including images, music, videos, gifs, and even physical products. They have many use cases, such as serving as fundraising tools, event tickets, exclusive merchandise, loyalty point programs, and more. NFTs are versatile and can be used in many ways to represent valuable and unique items.

What_Is_NFT_Gen_2

What is NFT Gen 2?

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 
Story_NFT_Gen2

The story behind NFT Gen 2

NFT Gen 2 was developed when people were excited about NFTs. SIX Network wanted to make NFTs more valuable in business, so we thought about how it could be used in real-life.

 

Previously, some projects offered NFT Utilities such as free rewards, but these utilities were not easy to use. For example, if a project owner wants to offer rewards like free hamburgers, NFT holders have to physically show the NFT at the counter. Then, the employee manually records that rewards have been redeemed.

 

Many owners offer utilities that are linked to NFTs, but the process of redeeming is inconvenient because the NFTs are stored on the blockchain while utilities are not. So, SIX Network aims to make this process easier. For example, with NFT Gen 2, Holders can show an NFT and simply scan a QR code to redeem a reward, without the need for manual record-keeping or verification. So, the process is more efficient and secure.

NFT_Gen2_Core_Features

Core features

1. Marking Usage Value

The business can embed the use case and redeemable inventory for the users to obtain their rights.

 

2. Point System

Dynamic Metadata allows the NFT to collect the point and work as a membership or CRM tool for the users and brands.

 

3. Proof of Attendance

Users can use the NFT as a Proof of Attendance concept as a fraud-free ticket to attend the events or complete the quest and journey.

 

4. Mergeable Attribute

Once the users have completed their task or quest, the attribute of NFT can be merged with new attributes.

 

5. Transformable NFT

Dynamic Metadata allows the collection owner to change the artwork on NFT. The business can create a business case related to artwork transformation and its attributes to create uniqueness as a symbol of use.

 

6. Delegating Gas Fee

Via fee delegation address, users can process any NFT transaction without having to prepare for a gas fee which will be provided by either the business or the collection owner.

Behind_NFT_Gen2

Who is behind NFT Gen2?

NFT Gen 2 was developed by Six Network, a leading blockchain, and decentralized financial company. They are backed by FSN, a group of over 10 public companies in South Korea.

 

SIX Network was founded in 2018 with the goal of using blockchain technology to expand business opportunities. They offer services for businesses to easily store, exchange, buy, and transfer digital assets such as cryptocurrency and NFTs.

NFT Gen 2 is run on Six Protocol, a blockchain infrastructure layer built to help businesses migrate their assets into the blockchain by issuing their tokens, including cryptocurrency and NFT, to the destination chain.

 
How_Does_NFT_Gen2_Work

How does the NFT Gen 2 work?

To understand how NFT Gen 2 works, it is necessary to understand the basics of NFT functions.

 

NFT is a digital asset that is created and stores the data on Blockchain. For example, a human portrait NFT might consist of various attributes, or traits, such as eyes, ears, nose, and mouth, which come together to form the NFT portrait.

 

In general, once NFT was created, it consists of traits as metadata on the blockchain that cannot be changed. The image and all the traits will remain the same forever, as it is permanently recorded on the blockchain.

 

SIX Network wants to overcome the limitations of NFT. Therefore, They created NFT Gen 2 which builds upon the concept of “adaptable NFT” by allowing the NFTs to be modified and breaking the limitation of normal NFTs being fixed and unchanging.

 

So, NFT Gen 2 works as follows:

Let’s say we have a human portrait NFT on the Ethereum blockchain, the NFT metadata is on Ethereum, and the picture can’t be changed. But, If we want to modify an NFT, such as adding a hat, we can use NFT Gen 2 to create a hat and link it to the “hat trait” on the Six Protocol Chain.

 

This means that the original NFT remains on the Ethereum blockchain, but additional traits can be added later and linked to the Six Protocol Blockchain without changing the metadata on Ethereum Blockchain.

 

By doing so, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

Example of how the dynamic data layer work :

Dynamic_Data_Layer
Preparation_Before_NFT_Gen2

Preparations before using NFT Gen 2

For any business that wants to use NFT Gen 2, there are two 2 main things that must be prepared:

 

1. Prepare the smart contract of the NFT. If this is not something that can be done in-house, you can hire an outsource company to work or you let SIX Network handle it.

 

2. Prepare the requirements, such as how the NFT will be used and how many will be needed. For example, a company might want to use the NFT as a membership card for 500 numbers. If a company is unsure about these details, SIX Network can consult to find a suitable solution.

 

Once the necessary preparations have been made, the following steps can be taken to set up NFT Gen 2

1. Download Binary and list available commands of the binary Create Account

2. Mint Tokens at the faucet to get coins for gas fee

3. Create NFT schema and NFT Metadata

4. Deploy NFT Gen2

5. Perform Action of NFT Gen2

6. Download and install the script

 

Read our full NFT Gen 2 Tech Doc https://app.gitbook.com/o/-LNwjTTMzXF4z4Ip3nxo/s/UOgAAChWM38m2FHlKkOf/getting-started/getting-started

 

Moreover, SIX Network plans to release NFT Gen 2 testnet for developers soon. You can follow more details at the discord.

How_To_Use_NFT_Gen2

How to use NFT Gen 2

Most people that adopt NFT Gen 2 aim to add value to their businesses. We would like to give an example of a coffee shop that wants to increase customer engagement and retention by replacing the old point-collecting program with NFT Gen 2.

 

A coffee shop, SIX Cafe, decides to launch an NFT point system to reward its loyal customers and increase engagement. Customers can buy NFTs and collect points when buying coffee, referring friends, and participating in special promotions or events. These NFTs can then be used to redeem rewards, such as discounts, free drinks or snacks, etc.

 

To participate in the NFT point system, customers must first create a digital wallet link to SIX Cafe. And, SIX Cafe might set rules and activities such as buy 10 cups get 2 snacks free. So, Whenever customers buy coffee, they will be automatically collecting points in their wallets. They can then view their activities and redeem their points when purchased.

 

Also, It will be recorded in the system, how many rewards customers redeem. To ensure that every point is valid and transparent, also avoid errors when giving privileges.

 

In the future, SIX Cafe might decide to create a marketplace where customers can buy and sell their NFTs with other users. This allows customers to trade or sell their points for other rewards or even for cash.

 

Overall, the NFT point system serves as a way for SIX cafe to reward its loyal customers, increase engagement, and create new business opportunities.

Benefits_NFT_Gen2

Benefits of using NFT Gen 2

NFT Gen 2 has many benefits depending on the implementation of businesses. Some examples of these benefits might be:

 

1.Improve security because once the data was in the blockchain. It can not be changed and is hard to hack.

 

2.Use data and analytics by tracking NFT usage, This information can help understand customer behavior.

 

3. Increased customer engagement in a more interactive and rewarding way, which can lead to increased customer engagement.

 

4. Strengthen Customer loyalty by offering rewards for customers to remain loyal to businesses. These rewards can be earned and redeemed through the use of NFTs, which can provide valuable benefits to customers

 

5. Offers unique opportunities for generating revenue such as selling NFTs as collectibles and more.

 

6. Added brand value by establishing a business as an early adopter of innovative technology, which can enhance brand reputation.

NFT_Gen2_Use_Cases

NFT Gen 2 Uses Case

NFT Gen 2 has 4 use case already which is Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

The First One is the “Whale Gate Collection,” which was exhibited at Thailand Crypto Expo at Queen Sirikit National Convention Centre during 6–9 October 2022 when visitors received the paper wallet, they were required to complete the in-booth missions to get points that are embedded in each NFT then redeemed those points for the premium gifts.

 

Next is “NFT BUAKAW1 x Amazing Thailand”. The collaboration NFT Project between Buakaw Banchamek and Amazing Thailand which NFT Buakaw1 holders will receive an airdrop for this new NFT collection. The background of NFTs will be randomly selected from 10 unique attractions across Thailand.

 

NFT BUAKAW1 exclusive collection uses “NFT Gen 2” to update or change some traits to become a new NFT. For example, This NFT Collection has an Asymmetrical Trait in which Buakaw’s NFT traits left and right are different. But when the holder uses “Mirror Potion” (Symmetric Potion) and mixes it with NFT, It will make the original NFT trait evolve to be symmetrical NFT on both left and right sides.

 

Maho Rasop Music Festival. TeamMHRS is the first collection of NFT Gen 2 used in ticketing passes for an event which this time represents an international independent music festival hosted in Thailand during 19–20 November 2022 at ESC Park, Rangsit.

 

The latest is NFT Tickets at the Ultra Abu Dhabi music festival. The festival is introducing NFT tickets that allow attendees to access exclusive benefits and experiences. These NFT tickets are available on Binance and Xclusive Launchpad Launchpad, using SIX Protocol’s Dynamic Data Layer.

Summary_NFT_Gen2

Summary

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 

It can be used to improve the abilities and applied to existing NFTs and can design with business. So it can be adapted to use in many cases, for example, a ticket pass NFT, exclusive membership, track and prove fraud from using a particular NFT, and many more.

 

NFT Gen 2 works by adding traits and linking to the Six Protocol Blockchain without changing the metadata on the original Blockchain. So, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

It has benefits such as Improving security, Tracking NFT data, Increasing customer engagement, Strengthen Customer loyalty, Offering unique opportunities, and adding brand value. It already has 4 use cases which are Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

If you’d like to explore ways you can use NFT Gen 2 with your project or business, please kindly contact us via business@six.network or open a ticket in our discord server.

 

 

 

——————————————–

Please don’t forget to follow us for more news and updates 

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Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol

Posted on by Baicha Chalermlak

SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol

SIX_Name_Service

SIX Network launched the SIX Individual Node program for the first round on March 10, 2023, and the second round on March 14, 2023. One of the key benefits of participating in this program is getting a free one-year subscription to SIX Name Service (SNS), which is a decentralized naming system.

This service allows you to register a unique name of 6–25 characters with the “.six” extension. Today, we’ll deep dive into what SIX Name Service (SNS) is and why it’s important for the users.

What is SIX Name Service (SNS)?

What_Is_SIX_Name_Service

SIX Name Service (SNS) is a decentralized naming system that enables users to register human-readable names to their wallet addresses or public keys on the SIX Protocol blockchain. In simpler terms, SIX Name Service (SNS) provides a way for users to easily associate a unique name with their wallet address, which brings simplicity to the blockchain experience and makes it easier to make a transaction on the blockchain.

 

Traditionally, sending cryptocurrency involved copying and pasting a long, complex wallet address, which could be prone to errors. With SIX Name Service (SNS), users can instead register a name that is easy to remember and share, making the process of sending and receiving cryptocurrency much simpler and more user-friendly.

 

With SIX Name Service (SNS), users can register a unique name with 6–25 characters with the.six extensions. The name is owned by the users who register them in a certain period of time (1 year) and is unique, which means that each public key or wallet address can register with one unique SNS.

Benefits of SIX Name Service (SNS)

Benefits_Of_SIX_Name_Service

Registering your name or business name on SIX Name Service (SNS), has several benefits, including

 

1. User-friendly

Instead of relying on long and unreadable complex text as a wallet address or public key, you can register a name that is easy to remember and share. This makes it easier for you and other users to receive and send digital assets and recognize each other by name.

 

2. Branding and marketing opportunities

Registering your business name on SNS can help you establish a unique online presence and brand on the SIX Protocol blockchain. This can help you reach a wider audience and potentially attract new customers, leading to an opportunity to expand in the blockchain ecosystem.

 

3. Protection against name squatting

By registering your name or business name on SNS, you can prevent others from registering it and potentially using it for fraudulent purposes such as identity theft or phishing. SNS names are unique and owned by the users who register them, giving you full control and protection over your name.

 

Overall, SIX Name Service (SNS) offers a user-friendly, secure, and efficient way to interact with the SIX Protocol blockchain, providing several benefits for individuals and businesses alike.

How to use SIX Name Service (SNS)

How_to_use_SIX_Name_Service

SIX Name Service (SNS) is currently free for one year for SIX Individual Node program participants which you can easily purchase at https://sixprotocol.com/become-a-node.

 

To purchase SIX Individual Node and use SIX Name Service (SNS): you can follow these steps

SNS_How_to_1

1. Purchase a SIX Individual Node by going to https://sixprotocol.com/become-a-node and clicking “PURCHASE NOW” in the Individual Node section

SNS_How_To_2

2. Choose your desired name, which can either be a name you select yourself (between 6–25 characters) or one generated by the system.

 

3. Input the number of nodes you want to purchase.

 

4. After entering the necessary information, the system will automatically generate your SIX Name Service (SNS) and you will receive a free one-year subscription to use it. This service is included with the purchase of your SIX Individual Node.

 

When a user registers a name on the SIX Individual Node program, the name is stored on the SIX Name Service (SNS) along with their wallet address or public key. This creates a permanent link between the user’s name and their address, which can be used to identify and interact with smart contracts, tokens, and other resources on the SIX Protocol blockchain.

SIX Name Service (SNS) and the Future of Web 3.0

SNS_and_Web3.0

As more and more people and businesses adopt blockchain technology, SIX Name Service (SNS) will become an essential component of the Web 3.0 ecosystem. Its ease of use, security, and branding opportunities make SNS a valuable tool for anyone looking to establish a presence on the blockchain. By embracing SIX Name Service (SNS), we can help accelerate the adoption of Web 3.0 and build a more decentralized world for everyone.

 

you can easily purchase one at 👉 https://sixprotocol.com/become-a-node. And if you have any questions, our support team is ready to help. Just reach out to us on Discord and open a support ticket.

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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Everything You Need to Know About NFT Gen 2

Posted on by Administrator

Everything You Need to Know About NFT Gen 2

why nftgen2-02

Table of Contents

It’s been a minute since we introduced NFT Gen 2 to everyone. Some may wonder, “what is NFT Gen 2?” and “how is it different from normal NFTs we see today?”

 

In this article, we invite you to dig deep into the NFT Gen 2 land.


Are you ready?

TLDR;

 

– NFT Gen 2 is a Dynamic Data Layer that runs on the SIX Protocol Chain

– NFT Gen 2 allows NFTs to be integrated with business needs such as marking usage value, utilizing point system, and many more

– NFT Gen 2 can be utilized on any blockchain network

– “Whale Gate Collection” was the world’s first-ever NFT Gen 2 collection which is now available for everyone to explore on the Xclusive marketplace.

– Everyone can contact the SIX Protocol team directly to integrate NFT Gen 2 into your project.

What is NFT Gen 2? 

 

By definition, NFT Gen 2 is a Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match any business needs. 

 

Before we get into the details, we first need to understand that NFTs usually come with utilities, for example, an NFT that has the utility for holders to attend an event. These utilities can be curated by the NFT creator or business partners, which can be many things, such as marking usage value, utilizing a point system, and many more.

 

If we look at the same example of NFT as an access pass to the event, we will see that NFT Gen 2 can fit right in since it can track and trace any NFT usage. To be precise, if that NFT has been used, the dynamic metadata will appear so. This will prevent fraud and enhance the overall quality of each sale on the secondary market since collectors can verify whether the NFT still has unclaimed utilities.

Explore more on NFT Gen 2 here: sixprotocol.com/nftgen2

Example of the unique uses of Metadata

Mark Usage Value 

 

One of the most apparent use cases for the NFT Gen 2 is its ability to track and trace the NFT usage, which means that we can now mark the usage value of that NFT. 

 

For example, an NFT can redeem premium dine-in experiences for 3 meals. Usually, we would need to find a way to track the usage of how many times the holder has redeemed the meal since the original Metadata shouldn’t be manipulated. With NFT Gen 2, on the other hand, everyone will be able to see the current status of the NFT utility.

 

Point System 

 

For the first time ever, NFTs holders can participate in any community event or activity and get points distributed through on-chain transactions! It is fascinating to see how NFT Gen 2 can make that happen without manipulating any original metadata. 

 

Mission Setting + Transformation 

 

Another use case of the NFT Gen 2 is for any business to set up missions, such as checkpoints, spending amounts, and any other tailored made activity for holders to join in. The highlight of this use is the fact that the NFT can be transformed once a specific condition has been reached, for example, by completing three missions.

 

Here’s an example of NFT transformation from our Whale Gate collection:

The first-ever NFT Gen 2 Collection, “Whale Gate.” 

 

On 6-9 October 2022, SIX Network attended Thailand’s Crypto Expo at the Queen Sirikit National Convention Centre, where we introduced the first-ever NFT Gen collection named “Whale Gate Collection.” 

The collection was given to the event attendees in the form of a paper wallet, along with a set of missions everyone could participate in. Our team really had a blast at the event!

 

If you’d like to learn more about the Whale Gate collection, you can read about the collection story here

NFT Gen 2 Use Cases

 

Apart from the collection debut at the Thailand Crypto Expo event, one of the main highlights of NFT Gen 2 is its ability to be integrated with NFTs from any blockchain network!

 

If you’d like to explore ways you can use NFT Gen 2 with your project or business, please kindly contact us via business@six.network or open a ticket in our discord server 

 

If you want to explore the Whale Gate collection and see how the Dynamic Metadata is being displayed, you can visit the collection page on Xclusive and Opensea!

Don’t miss out follow us at:

Khanathat Chowpradith
Khanathat Chowpradith

Web3 Marketer | Passionate Writer | NFTs enthusiast

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The Basic Idea of Validators vs. Miners

Posted on by Administrator

The Basic Idea of Validators vs. Miners

pos-vs-pow

Table of Contents

The verifiers of blockchain transactions are generally scoped down to two main groups of the consensus algorithm. This “verifiers” position are commonly known as validator and miner, they have the same legitimacy to help blockchains validate information, synchronize data, and process transactions. Though, both have similar task to accomplish but it’s the procedure that make the difference.

Distinguish between Validators vs. Miners

The validators are amended to Proof-of-Stake (PoS) which validators are the ones building the block of the chain enabling tasks for checking transactions, verifying activity, voting on outcomes, and maintaining records.

 

To become a validator is to “buy into” the position means that token owners will have to offer their tokens as collateral for the chance to validate blocks. Token owners who staked their coins will become validators and receive transaction fees as rewards. 

 

Miners are found in Proof-of-Work (PoW) blockchain network, their task is to solve complex mathematical equations to complete the requirement of becoming nodes for a chain. 

 

Miners usually need to invest in highly advanced equipment, powerful computer RIG, and energy power to run the work. As the name suggests, as proof of work, miners rely on the amount of work they input to receive block rewards.

Behind The Scene of Verification Mechanism

Proof-of-work and mining need to solve a mathematical puzzle known as the proof-of-work problem to create a new group of trustless transactions or blocks on a distributed ledger called the blockchain.

 

Transactions are bundled into a block, miners jump in to verify the block legitimacy then rewards will be given to the first miner who solves each block problem; this process is called inverse hashing.

 

Proof of stake and validators is the consensus mechanism introduced by Peercoin and then secondly by the Ethereum chain. It is virtually portrayed by locking up the ecosystem token in the chain which is known as staking.

 

The overall purpose stays the same on both blocks proving the only difference is in the procedure that the validators to creating the next block are based on how much they have staked and then rewarded with proportion to the staking amount.

Conclusion

In conclusion PoW or PoS is crucial to a blockchain ecosystem to help in the validation of blocks and synchronizing data to create a whole new chain, stabilizing the security within the network through the work performed by miners and validators. 

 

In recent days many blockchain networks are turning to Proof-of-Stake as their consensus process which allows validators to stake tokens in the system and strengthen the security of the blockchain.

SIX Protocol will soon launch and is thrilled to invite everyone to become our validators of the network the procedure is based on Proof-of-Stake Authority (PoSA).

 

The Individual Node Validator is specified for people who are looking for the opportunity to become a part of consensus verifiers of a network. We are looking forward to you staying tuned for the big announcement and learning more about how to join Individual Node Validator by following this link. 

>> https://sixprotocol.com/six-validator-nodes

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Khanathat Chowpradith
Khanathat Chowpradith

Fulltime learner | Passionate Writer | Investment Geek

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SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

Posted on by Administrator

SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

individual-node-validator

Table of Contents

What if you are a single particular person who yearns for the opportunity to be a node validator for a blockchain? What if you have no essential to pass the basic requirement to register to become a node for other networks?

 

SIX Protocol Partnership Program is nearly to commence another opportunity to enrich our ecosystem with the Individual Node Validator program after Business Node has been settled to the public enterprise for a period of time. 

The Business Node Validator was made specifically, hence the name, for businesses and organizations which can exploit SIX Protocol Toolkits that will help elevate the business operation into a blockchain full course. 

 

The criteria required to set up Business Node Validator respectively using a big amount of 1 million SIX tokens to stake in the system, but in contrary with the possibilities and functionalities to scale up the business to Web 3.0 is a reasonable investment price.

Jumping Start with SIX Node Validator

Just a quick recap of the main point leading to how interesting Node Validator could be, receiving fruitful benefits, and contributing to a blockchain ecosystem. Though you may see the potential to grow under SIX Protocol to become one of the validators, you have no business service here is your chance to enroll for an important role in the blockchain industry.

SIX Protocol Individual Node Validator is offering this initiative for people who are interested to join whether you are from any job field no matter who you are, a self-employed, professional, or office worker; you are all welcome to set up an Individual Node on SIX Protocol chain.

The eligibility and requirements to set up a node validator basis require

20,000 SIX tokens to stake in the individual node variation.

Once your validator starts, you will receive the passive rewards you may earn shared from the protocol’s gas fee according to the percentage of its validation period that has passed.

Role Title and Benefits of Individual Node Validator

☑️ Let us discuss the role node staker will contribute to the system

– Distributed consensus protocol.

– Execute transaction.

– Maintain and execute the performance of blockchain infrastructure.

 

☑️ Benefit

– Be a part of block validation in the chain.

– Receive passive reward shared from the gas fee.

– Inclusive opportunity with the network.

 

Everyone can have the opportunity to become a node validator for a blockchain network no matter what are the objectives or role you are in. Generally, it requires a large amount of funds, but SIX Protocol Partnership Program is granting a big opportunity for a particular group of people and individual blockchain enthusiasts to join with ease.

 

If you are interested to buy a node you can fill in the form here 👉 https://forms.gle/wAQzLcXijneVuC3i6

 

✅ Individual Node Validator program is around the corner and we encourage you to get in touch and don’t miss out on the advantages you have. SIX Protocol

Don’t miss out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
Visit us at SIX Network for more.

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