traffic

BNB Chain releases optimization plan to cope with traffic surge, prioritizing Meme coin transactions

ChainCatcher news, according to official sources, BNB Chain has released its first optimization plan aimed at addressing traffic surges. The team observed that during peak traffic periods, many transactions failed to be included in blocks in a timely manner. This means that even if users increase the gas fees (transaction fees) to speed up their transactions, they may not receive the priority they expect.While there are many potential contributing factors, one key issue is that validator nodes do not always prioritize blocks with the highest overall value (i.e., the most profitable blocks based on transaction fees).The current design of BNB Chain prioritizes getting all transactions on-chain as quickly as possible, thereby minimizing the average waiting time in the mempool. This approach works for most typical use cases. However, for fast-paced, high-risk Meme coin trading, it is not the best choice, as small price fluctuations can have significant impacts.Therefore, the team is refining the strategy to prioritize block value, especially when handling critical transactions. In other words, it will give higher priority to transactions interacting with time-sensitive (Meme coin) contracts.This upgrade will introduce a brief waiting period before block sealing, as long as there is sufficient time within a 3-second block window. This will allow validators to collect more bids, increasing the chances of including the best bids and improving overall block building performance, especially during peak network activity. This change also provides more time for bid collection, potentially leading to more efficient block construction.

Glink held a brand strategy launch conference in Pattaya, Thailand, themed "Opening a New Era of Web3 Traffic Entry."

ChainCatcher news, Glink, as the organizer, held the Glink brand strategy launch conference in Pattaya, Thailand, themed "Opening a New Era of Web3 Traffic Entry." This conference focused on the future development of Web3 ecological entry and decentralized physical infrastructure networks (DePIN), gathering the parent brand GBox's technical team, Glink investment institutions, and industry leaders in DePIN to explore the infinite possibilities of new opportunities in Web3 traffic.As the core of Web3 handheld devices and DePIN traffic node equipment, Glink has achieved the final piece of the puzzle between real terminal devices and the blockchain world with its unique privacy and security features and strong support for multi-chain ecological project partnerships, driving the revolution of decentralized traffic.During this conference, discussions were held on the lack of high-performance devices in decentralized hardware; the inability of chain game users to efficiently participate in hardware device mining and cross-chain asset management; and the market pain points of traffic distribution networks relying on centralized platforms. It also analyzed Glink's ability and advantages in filling market gaps through hardware innovation and AI multimodal interaction. Currently, Glink supports hardware mining for multi-chain interactive revenue and distributed traffic deployment, creating higher returns for users across multiple dimensions.
2025-01-15

Chongqing has concluded an appeal case involving drug trafficking and money laundering with virtual currency, and the defendant has been sentenced to 8 years in prison

ChainCatcher news, the Chongqing Fifth Intermediate People's Court recently concluded an appeal case involving drug trafficking using a new method of "Internet + virtual currency + logistics mailing."From August 2021 to July 2023, the defendant Zhang contacted drug buyers through WeChat and other means, primarily selling marijuana and "stamps" and other types of drugs. Zhang entrusted the packaged drugs to a dedicated person for safekeeping, and after reaching a transaction intention with the drug buyer, provided the buyer with a virtual currency website. After confirming the receipt of drug funds via virtual currency, Zhang would place an order with a certain express delivery platform, and the drug custodian would deliver the drugs to the buyer through the express platform, while Zhang paid the drug custodian a fee.According to statistics, Zhang placed orders through the express platform and had the drug custodian deliver drugs a total of over 1,600 times; received funds through virtual currency accounts a total of over 1,200 times; and withdrew the received virtual currency to his Alipay, WeChat, and bank cards after multiple transfers, accumulating over 400,000 yuan.The Chongqing Fifth Intermediate Court, after legal review, found that the first-instance sentence of eight years imprisonment and a fine of 100,000 yuan for the defendant Zhang for the crimes of drug trafficking and money laundering was appropriate, and upheld the original judgment.
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