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On the Token2049 occasion in Singapore, Huawei Cloud showcased developments for the Web3 ecosystem.
The corporate highlighted its dedication to remodeling Web3 utilizing progressive applied sciences like sooner ZK rollup transactions, enhanced safety, and a rise in IPFS cloud information rewards. In response to Huawei, these modifications may carry effectivity, safety and scalability to the Web3 trade.
Xue Tengfei, Huawei Cloud Web3 Technical Planning Skilled, mentioned Huawei’s ZK {hardware} acceleration, aiming to drastically scale back ZK rollup transaction instances from hours to minutes. This enchancment is anticipated to reinforce blockchain efficiency and allow new purposes throughout totally different industries.
Zhang Ziyi, Chief Architect of Huawei Cloud Blockchain, mentioned the tech big’s deal with Web3 safety. He launched varied applied sciences, just like the Node Engine Service (NES) for Ethereum staking nodes and the QingTian Enclave safety system. As well as, Zhang Ziyi highlighted that NES simplifies and stabilizes public blockchain node internet hosting, gaining assist from blockchain information, pockets, and dApp service suppliers.
Furthermore, using Huawei Cloud’s proprietary algorithms, NES guarantees as much as 99% staking effectiveness and elevated person rewards. Presently, Huawei Cloud’s staking node internet hosting service is on the market on its web site and open for public use.
Huawei Cloud Goals to Increase Web3 with IPFS and Confidential Computing
Jia Xiaoqiang, Huawei Cloud’s virtualization merchandise director, unveiled the Huawei Cloud QingTian Enclave confidential computing resolution on the Fil Dev Summit on September 12. This progressive resolution capabilities as a safe vault for safeguarding pockets personal keys, guaranteeing strong safety measures.
These measures embody id verification, information encryption, decryption, and the safety of purposes and information on Huawei Cloud Elastic Cloud Servers (ECSs), together with the safety of personal keys and wallets.
On the identical occasion, Bai Tao, Chief Cloud Storage Resolution Architect at Huawei Cloud, launched Huawei’s InterPlanetary File System (IPFS) information service and elastic cloud deployment resolution, developed in collaboration with companions. This improvement has the potential to streamline information storage on IPFS, leading to a tenfold improve in information rewards and substantial value financial savings.
Bai Tao emphasised Huawei Cloud’s intensive expertise in enterprise-level storage, which underpins their cost-effective and environment friendly cloud storage companies. Their elastic cloud deployment resolution empowers customers with versatile choices, together with offline setup, cloud verification, or end-to-end cloud deployment.
Huawei Cloud goals to supply a powerful infrastructure for Web3, following its “Every little thing as a Service” strategy.
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