Stashh and Sienna Network partner on NFTs

Secret NFTs are about to enter an explosive phase of growth due to its privacy enhancing features from Secret Network. Stashh, the first NFT marketplace on Secret Network is launching soon.

Sienna Network has announced a partnership with Stashh to enable the SIENNA token as a payment option on Stashh.

NFTs (Non Fungible Tokens) are unique tokens that contains rare or unique content. The NFTs prove ownership of the content and we have recently seen artists from digital art to movie makers auction these unique pieces in NFT formats.

NFTs are a growing market and the demand increases rapidly and with the successful launch on AnonsNFT, a series of NFTs with avatars with anonymous faces that sold out almost instantly, and Quentin Tarantino auctioning 7 uncut scenes from his legendary movie Pulp Fiction, the private NFT space is positioned for explosive growth.

stashh

Stashh is the first NFT marketplace for private NFTs and is built on Secret Network, which is the same network as Sienna Network is built on. The new partnership enables users to use the SIENNA token to buy and sell private NFTs on Stashh and keep the content completely private.

Private NFTs comes with a number of benefits for creators and buyers. While creators can monetize and protect their IP, users have a trustless control over how they buy, use and sell their NFTs. It is up to the owner to decide whether its ownership should be revealed or not. This is a great security and protection of the IP asset.

Not only can you use SIENNA to privately buy and sell private NFTs on Stashh — the partnership also aims at future features and deeper collaboration. Curious what that might be? Maybe some special NFT collections or the launch of something…. secret? 🤫

Stay tuned for more — very soon! 🚀

SiennaSwap will launch October 7th 1pm UTC 🚀🚀🚀

Early birds will earn high yields from liquidity farming

SiennaSwap

SiennaSwap is dropping – and in the best possible way. After the extraordinary raise of $11.2 million in private and public sales earlier this year and the inevitable delay in launching software, this is probably the development update everyone who contributes to the Sienna Network has been waiting for.

Wen launch? 🚀 Wen lunch? 🌯

Move your eyes a few inches down now ⏬

SiennaSwap will launch October 7th 1pm UTC!! 🚀

What will happen in the days up until launch?

  • A final testnet version was uploaded on Monday, September 27th
  • Preparing support for the IBC mainnet upgrade in October
  • Marketing push
  • Front end penetration testing

Sienna’s Automated Market Maker, SiennaSwap, is a privacy-first, cross-chain decentralized exchange where users can swap private tokens in complete privacy.

Sienna Swap runs on Secret Network, which is the first blockchain with privacy-preserving smart-contracts with high scalability and low fees. Transactions are executed almost instantly, and with privacy combined, front-running is effectively mitigated.

While being 100% private, Sienna also provides low transaction fees due to the inherent blockchain scalability Sienna utilises.

Users can swap any private SNIP-20 token at Sienna. If they do not have private tokens yet, they can use the bridge to exchange their tokens for the private equivalent. They can always be convered back again.

This will enable users to trade through SiennaSwap and much more besides.

Other things that happened last week:

  • More work on SiennaLend (everyone internally is hyped about the way it looks 🔥)
  • More work on SiennaSwap 2.0 front end (launch of the new design is expected to be a few weeks after SiennaSwap
  • Awaiting Coingecko adding circulating supply / market cap data. Should happen soon as they have received an API source to use.

Get ready! It’s happening! Remember the early birds will earn high yields from liquidity farming.

Sienna launches wrapped token on Binance Smart Chain

Sienna Network, a decentralized privacy-first Decentralized Finance platform built on Secret Network has launched its wrapped BSC-token on Binance Smart Chain with the token address at the end of this post.

Sienna

This is another step, following the similar launch of the ERC-20 wrapped SIENNA token earlier this year, for the foundation’s strategy to be fully available across multiple chains followed by additional bridges – such as to Polkadot and Terra at a later time.

Earlier this year, Sienna Network raised $11.2 million in private and public sales and has recently been featured prominently in Tier One Media such as Forbes, The Times, TechCrunch and Yahoo Finance! as well as major crypto outlets and podcasts.

This makes SIENNA available to users in the fast-growing Binance Smart Chain ecosystem, and will be followed by listings on BSC-focused exchanges

The goal is for the coin to be available across multiple blockchain ecosystems, widening the access to Sienna’s privacy preserving products built on Secret Network that is launching soon.

You can bridge the coin from Secret Network to the same on Binance Smart Chain and back on https://bridge.scrt.network 🌉

👉 SIENNA (BSC) Token Address: 0x130f6e4d338bfd8304f5342d759abe5c6bd7ba9b

The foundation is a cross-chain, privacy-first decentralized finance protocol built on Secret Network, that enables trustless financial instruments, such as trading and lending with complete privacy for multiple blockchain ecosystems.

What blockchain is it built on?
It is built on Secret Network the first blockchain with privacy-preserving smart contracts, or “secret contracts” that have encrypted inputs, outputs, and state.

Read more about Secret Network at https://scrt.network

More on Social Media and beyond

🖥 Website: https://sienna.network/

💬 Discord: https://discord.gg/jZk8ggm7XP

💬 Telegram: https://t.me/GoSiennaNetwork

🐦 Twitter: https://twitter.com/sienna_network

👥 Reddit: https://www.reddit.com/r/SiennaNetwork/

📰 Blog: https://medium.com/sienna-network

The Honeybee solves maths tests without a sting

University of Sheffield study discovers that the honeybee can solve a type of maths test using non-numerical cues

honeybee

The honeybee can solve a type of maths test without any need for numbers – a discovery that could be used to develop smarter artificial intelligence – according to new research from the University of Sheffield.

In the study, by researchers in the University’s Department of Computer Science and their international collaborators, published in the journal Proceedings of the Royal Society B, honeybees were found to be using continuous, non-numerical cues to solve a maths problem. 

The insight into how honeybees solve numerical problems could be used to design more sophisticated machines based on the brains of animals, which have evolved to find the simplest, most efficient way to carry out certain tasks.

The methods used in the study could also provide a new, alternative blueprint for testing numerical cognition in animals. Most previous studies attempt to control for at least one non-numerical cue, whereas the Sheffield study is the first to propose a new method that carefully assesses non-numerical continuous cues. 

Determining how different brains, especially those with a miniature brain, solve numerical tasks also provides a valuable insight into the evolutionary roots of cognition.

The ability to use numbers is a powerful cognitive capacity of humans, but replicating their full sophistication via AI is not possible with current approaches. With animals often being very good at finding efficient and sometimes unexpected solutions to problems, it is worth finding out which of their shortcuts could be useful for developing autonomous machines 

Through a task that is commonly used to test numerical cognition in bees and a variety of other animals, the Sheffield team discovered that honeybees can discriminate between placards displaying different numbers of elements without their brains having to process numerical data.

Honeybees were individually trained to identify placards showing different numbers of shapes. Some bees learned to find a sugary reward at the placards that had the most shapes on display while others learned to find the sugary treat at the placards showing the fewest number of shapes.

Once the bees learned this rule, they were able to quickly identify the placard with the highest or lowest number of shapes on them in order to find the sugary treat.

Since these visual cues are computationally simpler to process by a bee’s brain, it is a more efficient way for bees to use them in solving the task, instead of solving a complex cognitive task of numerosity.

To determine if the honeybee used non-numerical clues, they were then tested with two pairs of placards that all contained the same number of shapes but differed in edge length, convex hull and spatial frequency. None of the placards had a sugary treat and if the bees used numerosity they should have flown to each placard equally in search of a reward.

The study found that bees trained to find the placards with the highest number of shapes still flew to signs with the highest level of continuous variables and bees that were trained to find the placards with the lowest number shapes still flew to the signs with the lowest level of continuous variables, and ignored numbers. This suggests the honeybees responded to continuous cues on the shapes and not the number of elements.

Dr HaDi MaBouDi, the lead author on the paper who is based at the University of Sheffield, said: “The results of our study show that animals are incredibly clever and can solve tasks in effective and unexpected ways. This will be very practical in the future of artificial intelligence for designing smart machines based on animals that have evolved for some particular tasks.”

To further test the hypothesis, the bees were shown placards with visual cues that were opposite to the number of shapes on the placards. For example, placards that had three shapes on display but had a lower spatial frequency than the placards with two shapes.

To determine how efficient this non-numeric strategy was for the honeybee, the researchers also created a model based on known details of the honeybee brain. This bee brain model was able to solve several other similar numeric-based tasks without any need for number processing – similar to the real honeybees. 

The research paper, Non-numerical strategies used by bees to solve numerical cognition tasks, is published in the journal Proceedings of the Royal Society B. To view the paper, visit: https://royalsocietypublishing.org/doi/10.1098/rspb.2020.2711

Sienna Network Raises $11.2 Million For Privacy DeFi

Sienna networkPrivacy Decentralised Finance (DeFi) company Sienna Network has raised $11.2 million after a private and public sale of its tokens from institutional investors and the expanding Sienna community.

In the private token sale that was 200% oversubscribed and priced at $5 per token, Sienna Network raised $10 million from long-term investors that include NGC, Inclusion Capital, Lotus Capital, FBG, Skyvision Capital and more.

This was followed by a dual public sale at $6 per token that raised $1.2 million on the DaoMaker and Polkastarter exchanges after the company was swamped by huge interest and demand for the Sienna Governance Token. 

Sienna is solving the industry-wide problem of front-running where bad actors hijack future trades on public DeFi blockchains, leading to a demand for DeFi privacy. 

Execution priority on platforms such as Ethereum are driven by transaction fees. A transaction can be preempted by simply introducing a transaction and paying a higher transaction fee and is illegal in regulated financial systems. Hence front-running.

“It has been an extraordinary month and we have hit a super-sweet spot between institutional investment and our community. 

“At times it has felt like starring in The Social Network in the early days of Facebook with pings coming in from everywhere. The future looks so bright, we will have to wear shades,” said Monty Munford, Chief Evangelist and Core Contributor to Sienna Network.

Built on the Secret Network, which is the first blockchain with privacy-preserving smart contracts, and was recently profiled in a seminal TechCrunch piece article on Privacy DeFi, Sienna is a privacy-first and cross-chain decentralized finance platform where the Sienna community can privately swap, lend and convert its tokens into their private equivalent.

“Sienna’s success validates the vision we’ve long shared to bring data privacy to blockchains and decentralized applications. We believe Sienna will be a key pillar of Secret DeFi and help drive mass adoption of a more secure decentralized financial ecosystem,” said Tor Bair, CEO Secret Network.

Sienna was named after the Italian city Siena (Sienna in English), which played a historical role in banking and cryptography as early as 1135 AD when Sienna was an important trading post.

Loans against collateral and interest were offered to Sienna citizens while simultaneously, the world’s original bankers, the Knights Templar, initiated a huge network of money transfer locations so people could deposit money in the Veneto region and travel to places such as Sienna of Venice without the risk of being robbed.

Upon arrival at either destination, merchants could withdraw their money from a Templar location by handing in an encrypted document. The Templars had also invented a unique kind of encryption that would allow people to travel with a document that could only be decrypted by the Templars.