Welcome to the DevvE Ecosystem update! The DevvE Ecosystem is the fastest, cheapest, and greenest blockchain ecosystem with built-in privacy, fraud, theft, and loss protection. It’s designed for business and ready for integration today with no specialist experience required.
The following is a recap for those who keep in touch; for those who might have missed any recent developments, and an introduction for all of you who are wondering about DevvE and why so many people are convinced that DevvE represents the future for wider blockchain adoption globally.
Introduction to DevvE & DevvX
The DevvE Ecosystem serves as the application layer, acting as a gateway to the DevvX blockchain. Its disruptive potential accelerates real-world businesses by incorporating the full features and functionalities of blockchain technology that have been espoused over the last decade, but have yet to hit real enterprise scalability and adoption. It offers complete interoperability with existing enterprise infrastructure while being adaptable to meet regulatory requirements across any industry or jurisdiction — while boasting an infinite amount of transaction throughput leveraging a propriatary cross shard mechanism.
Introduction to the Forevver Association
The Forevver Association, a Swiss non-profit organization, leads the development of this ecosystem with exclusive rights to use the DevvX blockchain technology. The Association focuses on applications like ESG data tracking and manages business development around the DevvE Ecosystem.
We are currently engaged with governments, large enterprises, and innovative entrepreneurs eager to leverage this technology for a competitive advantage in their industries.
Onboarding businesses into the ecosystem is quite simple from a technology standpoint, and taking the superior tech stack into consideration — we are able to find solutions for challenges that governments and corporations around the world are very excited about!
Introduction to the DevvExchange
A significant aspect of realizing this jigsaw puzzle is the DevvExchange that will undoubtedly set a new standard in cryptocurrency exchange technology, that will not only disrupt the status-quo of the incumbent providers who regularly fail to meet expectation of regulators, but also bring major efficiency and performance increased to existing exchange and settlement solutions providers. This need to be in place before government and large enterprise levels of liquidity can be efficiently driven into the crypto market and the DevvE Ecosystem.
In partnership with well-known industry leaders, the DevvExchange will operate as a “hybrid exchange”.
While using blockchain technology for asset management and exchange isn’t new, until now, non-custodial options like Uniswap have been too slow, expensive, while being both operationally and legally risky. Centralized entities, such as the Australian Stock Exchange (ASX), spent over seven years attempting to upgrade their systems with a blockchain solution but faced challenges with complexity and scalability. Similarly with the DTCC — who settled $462 trillion in securities in 2022 have also explored similar upgrades to their internal system to no avail.
The DevvE Ecosystem has addressed these non-negotiables issues of real world businesses and “old” blockchain technology, offering a solution without compromise for value exchange with enterprise levels of liquidity.
Introduction DevvE Launchpad
As mentioned earlier, onboarding enterprise into the DevvE ecosystem is technologically straightforward. But what if an enterprise needs a solution for new business activities and revenue models that require a token? This is why we’ve initiated the early-stage development of the DevvE Launchpad.
DevvE Innovation Grant Shard
Developers, enterprises, or governments with large tech teams are capable of running on-chain applications with custom shards tailored to their specific requirements. However, the DevvE ecosystem will be opened for all to use, therefore we have started the process of vetting and onboarding applicants to join the network via the Innovation Grant Program — as well as extending this facility to DevvE Launchpad projects.
The DevvE Innovation Grant Shard provides developers of innovative business applications access to a cost free solution to connect to the DevvE Ecosystem. Forevver will maintain the infrastructure cost of this initial shard and provide successful applicants the API keys to connect their application to the blockchain. As these applications grow and scale beyond the requirements of a fractional shard, projects will migrate to their own shard once proving their revenue model to create a supporting income. Businesses can then further scale their application cost-effectively and linearly with their growth by simply adding more shards as required.
If you would like to submit your proposal for DIGS, please apply here.
The Forevver Association will also collaborate with Devvio, our blockchain partner, on the DevvXS2 business to simplify the process of creating shards and independent networks of validators, similar to spinning up a cloud instance.
DevvE Merch Shop
We have launched our devve.shopping Merch this month with a first edition of T-Shirts, Mugs, Hoodies and more. We are running a design competition this month and will put the best community designs to vote — with the chance of winning a free shopping spree and also get the design features in our new shop!
Recap
DevvE is the fastest, cheapest, and greenest blockchain ecosystem, equipped with privacy, fraud, theft, and loss protection. It’s business-ready and easy to integrate without needing specialist knowledge.
The DevvE Ecosystem, acting as a gateway to the DevvX blockchain, offers unparalleled transaction speeds and scalability, making it perfect for real-world business applications. We have pushed an update for the block explorer this month, learn more here.
The Forevver Association, a Swiss non-profit, leads the development, focusing on applications like ESG data tracking and engaging with governments and large enterprises to leverage this technology for their real-world challenges. We are actively talking and scoping projects with a range of prospects.
A key component is the DevvExchange, a hybrid exchange that combines the user experience of centralized exchanges with the security of decentralized ones. It aims to revolutionize cryptocurrency exchanges, setting new standards for efficiency and performance. We are actively working on the Exchange and are in final stage agreement discussions with selected globally renowned technology partners.
The DevvE Launchpad is being developed to help enterprises create new business models with their own tokens, ensuring a diverse and independent ecosystem. The $Fias token, for example, supports the LitCraft gaming ecosystem and facilitates value exchanges within the ecosystem. We are now in the planning stage for the next launch, the revolutionising $Taunt project. Learn more here.
Additionally, the DevvE Innovation Grant Shard provides developers with cost-free access to connect their applications to the DevvE Ecosystem, helping them scale efficiently as they grow.
DevvE is set to redefine blockchain adoption globally, making it accessible, scalable, and ready for enterprise use.
This is a very exciting time at DevvE as these pieces are rapidly falling into place that are all happening in parallel.
There are many things happening on the business development side in addition and we are just as thrilled as you — our early community supporters — to shout from the roof tops. But we will stick to our mantra and avoid announcements of announcements. The time will come that the entire crypto space and beyond will hear and see us and see what we have accomplished together!
The DevvE Team.
The post DevvE Community Update — June 2024 appeared first on DevvE.