News

According to Foresight News, official sources report that PayFi's innovative protocol PolyFlow has announced the launch of its decentralized application (DAPP). During the Beta phase, PolyFlow introduced the "Scan to Earn" mechanism and simultaneously launched the Seed Season Campaign for points activities, accumulating over 8 million payment data uploads within two weeks. PolyFlow states that its DAPP integrates features such as Scan to Earn and on-chain financial identity (PID), and aims to build a Network State Consumer Guide, dedicated to breaking the barriers between traditional finance and on-chain finance, promoting the establishment of a borderless, permissionless, and inclusive global payment financial system. PolyFlow plans to continue expanding on-chain payment scenarios and ecosystem cooperation through the next phase of the Season Campaign.

According to a report by Jinse Finance, Bitcoin infrastructure company Blockstream announced in a press release on Wednesday that as part of its newly implemented expansion strategy, the company will spin off its mining and ASIC divisions to become independent companies. Chris Cook, President of Blockstream's mining division, and Assaf Gilboa, Executive Vice President of the ASIC division, have both been promoted to serve as CEOs of their respective entities. Blockstream CEO Adam Back stated, "Looking ahead, we will continue to explore various ways to make the greatest impact, focusing on building financial rails and infrastructure to help ensure Bitcoin's long-term success." The company also revealed that it will launch "several new products" at the annual Bitcoin conference in Las Vegas in mid-May, which are aimed at "creating a more streamlined and integrated user experience within Blockstream's technology stack."