ElkNet v2 Set to Launch on April 9th for Token Upgrade & First Governance Vote
Madrid, Spain, April 5, 2022 – (SEAPRWire) – Elk Finance which is a decentralized network for cross-chain liquidity has announced the launch of its ElkNet v2 upgrade. ElkNet v2 is the first fully functional version of the ElkNet protocol, with security and efficiency as its highlighting upgrades. For more details, please visit Introducing: ElkNet v2 (Overview, Token Migration & Governance) | by Elk.Finance | Elk Finance | Mar, 2022 | Medium The upcoming ElkNet v2 upgrade will be secured by design with various security checks and transfer limits in place. It will work on a cross-chain triangle model where security, speed, and cost will be balanced within the network to enhance user experience. Cross-chain messaging is one of the highlighting features of ElkNet v2 which will allow outside developers to deploy cross-chain smart contracts and web3 applications. ElkNet v2 is a ground-breaking cross-chain architecture based on a system of token “reservoirs” that are installed on each chain supported by ElkNet. ElkNet Reservoirs will improve transparency, minimize custodial risk, and reduce smart contract vulnerabilities all at the same time. Another interesting part of the ElkNet v2 ...
Dow, S&P 500 end at records as US infrastructure Bill advances
NEW YORK (AFP) - The Dow and S&P 500 ended at fresh records on Tuesday (Aug 10) as industrial companies and commodities producers advanced following Senate passage of a US$1.2 trillion (S$1.6 trillion) infrastructure package. In a victory for President Joe Biden, the Senate approved the sweeping package in a bipartisan vote. The measure now faces a make-or-break vote in the House of Representatives in the coming weeks, where its future is less certain as divisions have sprung up in the Democratic majority. But investors took bets on Tuesday on companies expected to garner a share of the business from the push to upgrade America's roads, bridges and broadband. This includes industrial giant Caterpillar as well as metals producers US Steel and Alcoa. The Dow Jones Industrial Average gained 0.5 per cent to 35,264.67, overtaking a record from last Friday by 55 points. The broad-based S&P 500 increased 0.1 per cent to 4,436.75, edging out the prior record by less than a point, while the tech-rich Nasdaq Composite Index dropped 0.5 per cent to 14,788.09. Passage of the infrastructure Bill helped offset worries about the Delta variant of Covid-19, which has begun to strain hospital capaci...