Categories: Payment system news

Uri Stav, Former CSDO of Genesis, Joins Locus Chain as Advisor

[PRESS RELEASE – Please Read Disclaimer]

Bloom Technology, the developer of the fully decentralized next-generation blockchain with high performance and unlimited scalability Locus Chain, has announced their new team member, Uri Stav as an advisor to the technology sector of the Locus Chain.

Uri Stav is a technology, security and cryptography professional with over 25 years of experience, leading security and complex systems engineering teams, including work across a range of government organizations. He has been involved in digital asset and blockchain technology and cybersecurity since 2009, when Bitcoin has firstly appeared.

Uri Stav has served for last 6 years as Chief Security & Development Officer of Genesis Global Trading, which is a wholly owned subsidiary of Digital Currency Group (DCG), the largest conglomerate in the -digital assets and blockchain space. DCG is currently the largest -investor in North America focusing on the digital currency market. Currently, DCG’s assets under management are estimated to be around $90 billion dollars, and it is involved in more than 300 blockchain and crypto projects. Genesis, Grayscale, Coindesk and 4 similar other big crypto firms are wholly-owned subsidiaries of DCG.

Locus Chain, developed by veteran game developers at Bloom Technology, is a next-generation layer 1 chain that achieves the best performance and unlimited scalability while maintaining the complete decentralization. Thanks to its ultra-low-cost nodes, which can be operated on devices with low computational power such as mobile devices, Locus Chain can be put into practical use globally as well as in IOT fields where countless micro-transactions occurs.

Recently, Bloom technology has successfully replaced the original game server of the online game “Kingdom under fire” with Locus Chain. This unprecedented technological achievement of Locus Chain is expected to open new opportunities in the decentralized online game services industry hosted by online game players.

“We are very glad and thrilled to have Uri as the advisor of Locus Chain. As a cryptography expert Uri has high reputation in Blockchain Industry from the early stage. We are confident that Uri will guide us to make Locus Chain the most reliable layer 1 chain.” said Sang Yoon Lee.

“I’ve seen a lot of L1 blockchain projects so far, but Locus Chain is one of a kind : -natively decentralized with high-performance capabilities,” Uri Stav said. “We’re going to put this advanced technology into some serious use.

superadmin

Recent Posts

Why Is XRP Bleeding More Than Bitcoin, Ether, and Solana in November Sell-Off? Analyst Cites 3 Brutal Reasons

While Bitcoin, Ethereum, and Solana have also come under bearish pressure during November’s broader crypto…

9 hours ago

JuvrixAI Kicks Off $JUX Presale on NEAR Protocol to Bring Spending Limits to Autonomous AI Agents

The no-code platform gives every AI agent its own wallet and on-chain rules, so agents…

10 hours ago

Bitcoin Crash Coming? Analyst Revisits 2014, 2018, and 2022 Pattern Ahead Of Midterm Elections

Bitcoin (BTC) could face another significant correction as the November 3 U.S. midterm elections approach,…

12 hours ago

Crypto Founder Drops Bombshell on XRP’s Ripple Dependency, Challenges Holders to Act as Ambitious $10 Forecast Gains Steam

Flare co-founder Hugo Philion has pushed back against renewed XRP criticism, arguing that the cryptocurrency’s…

1 day ago

Pompliano Says Bitcoin Spot ETFs Are Safer and More Convenient Than Hardware Wallets for Bitcoiners Holding Over $10,000

Bitcoin expert Anthony Pompliano today tackled a crucial question that serious Bitcoin investors often ask.…

2 days ago

Bitcoin Slips Toward $74K as Fed Hike Odds Hit 96% After Waller

Bitcoin slips toward $74,000 after Fed Governor Christopher Waller backed a December rate hike. Market…

2 days ago