Nahmii and NBX: A New Era in Blockchain
On August 16, a significant development in the blockchain realm took place as Ethereum-based layer-two scaling platform nahmii announced that the Norwegian Block Exchange (NBX) is now its first governing member. This partnership marks a promising step towards optimizing Ethereum transactions, which are currently bottlenecked at 15 transactions per second. Who knew you could accomplish so little in this fast-paced world “big” Ethereum refers to?
The Need for Speed: What Nahmii Brings to the Table
Nahmii, developed by Hubii, tackles the speed issues plaguing Ethereum by shifting transactions to a secondary network layered atop the main blockchain. This ingenious approach, described as moving transactions “away from the main chain,” enables quicker processing and allows for what they claim to be an unlimited number of simultaneous transactions. It’s like moving your dinner from the kitchen to the dining room—just a lot faster!
From ICO Drama to IEO Stability
Looking back to 2017, Hubii navigated the turbulent waters of the crypto world by launching an initial coin offering (ICO), with none other than Floyd Mayweather Jr. in the promotional seat. However, when the SEC later scrutinized the glamour and glitz surrounding these promotions, Mayweather was left holding the bag—almost $1 million worth of it as penalties.
Fast forward to now, and nahmii is pivoting towards an initial exchange offering (IEO) set to kick off via the Liquid exchange on September 18. Hubii CEO Jacobo Toll-Messia sees this IEO as a crucial step not just for funding, but also for spreading awareness—like telling your friends about that great pizza joint you’ve discovered. They want to ensure that token security and community adoption take center stage this time around.
The Role of the Governing Foundation
With NBX stepping into the spotlight as a member of nahmii’s governing association, the nahmii Foundation, they’re set to take on the vital task of managing everyday operations. This includes setting transaction fees and controlling a lucrative 20% of the native NII token. As Toll-Messia notes, this partnership isn’t just about the numbers but is focused on bringing real-world applications to fruition—something we all hope for, right?
Looking Ahead: What This Means for Crypto
With the introduction of nahmii and its partnership with NBX, the landscape for Ethereum transactions could significantly shift, making it more aligned with the needs of large-scale commercial deployments. As the community watches the developments unfold, one thing is clear: it’s about time Ethereum got its act together for serious business. Welcome aboard, NBX!
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