On July 21, 2025, the highly anticipated Web3 conference MYBW 2025 was grandly held in Kuala Lumpur, Malaysia. The event attracted industry elites, technical experts, and innovation pioneers from around the world to discuss cutting-edge trends and future development directions in the Web3 field. Among them, the attendance of Florin Avramoaica, Chief Technology Officer (CTO) of Openverse, drew particular attention. The Openverse project he represents is committed to building the Layer0 infrastructure of the value internet, bringing new ideas and changes to the entire industry.
Florin Avramoaica is a senior expert in the Web3 infrastructure field with an impressive resume. He has led the technical direction of multiple Web3 infrastructure startups and accumulated profound experience and outstanding insights in key areas such as blockchain interoperability and AI-native architecture. At MYBW 2025, he engaged in in-depth exchanges with many participants, sharing Openverse’s innovative concepts and technological breakthroughs.
Openverse: The Layer0 Infrastructure of the Value Internet
Openverse, as the foundational layer of the new generation of value internet, its core mission is to make value transmission as simple as sending an email. Facing industry pain points, Openverse has proposed a series of solutions. In terms of cross-chain technology, Openverse pioneered the bridge-free cross-chain model, building a new architecture based on IBC (Inter-Blockchain Communication protocol), VTP (Value Transfer Protocol), and ONS (Open Name Service). It fundamentally abandons the traditional bridging model, eliminates single points of failure, and realizes seamless and secure flow of assets and data between any blockchains, just like building an unimpeded information superhighway, making cross-chain interactions simple and efficient.
In the field of digital asset issuance, Openverse has launched a complete and flexible protocol system. Among them, VRC-10 protocol Bitcurrency, as a decentralized stablecoin, focuses on global payment scenarios, aiming to break down barriers in cross-border payments and make payments convenient, efficient, and low-cost; VRC-11 protocol Privcurrency is tailor-made for enterprises, serving as a value circulation tool within enterprises to promote economic cycles and collaboration in the enterprise ecosystem; VRC-12 protocol Bitsecurity is committed to tokenizing real-world assets such as bonds, stocks, and real estate, endowing traditional assets with new liquidity and digital vitality, and promoting the deep integration of the real economy and the digital economy.
It is worth mentioning that Bitgold, as the cornerstone asset of Openverse, plays multiple key roles in the entire ecosystem. It serves as Gas fees to pay for network transaction costs, ensuring the smooth operation of the network; it participates in governance and the DPoS consensus mechanism, ensuring the decentralization and fairness of network decisions; and it is the collateral for all VRC assets, providing solid support for the value stability of the entire asset system. Moreover, Bitgold is pegged to gold reserves with a total supply cap of 200 million, providing a reliable value benchmark for the entire ecosystem and enhancing market confidence and stability.
Openverse’s Excellent Technical Architecture Fully Demonstrates High Performance
Openverse’s excellent technical architecture design has brought it remarkable performance. The transaction throughput (TPS) can reach more than 300,000, easily handling large-scale transaction scenarios; the final confirmation time is only 380 milliseconds, providing a near real-time transaction confirmation experience that greatly improves user experience; the cost per transaction is as low as $0.000005, effectively reducing transaction thresholds and promoting the efficient circulation of value. Its adopted DPoS + PoH hybrid consensus mechanism ensures decentralization while taking into account the security and efficiency of the network; the native IBC standard provides a solid guarantee for cross-chain communication; the supporting rich tools such as SDK, OpenEVM, wallets, and exchange protocols offer convenient access methods and diverse application options for developers and users, helping the Openverse ecosystem thrive.
Openverse Actively Advances New Steps in Global Ecosystem Construction
Currently, Openverse has actively expanded ecological cooperation on a global scale. It has reached in-depth cooperation with multiple Layer 1 blockchain projects to jointly build a larger and more efficient cross-chain ecosystem; carried out cooperation with numerous enterprises and payment institutions to expand payment scenarios and improve payment efficiency; at the same time, it strongly supports the developer community, encourages innovation, and attracts a large number of outstanding developers to engage in Openverse ecosystem construction, enriching ecological application scenarios.
With the launch of the Openverse testnet, more than 100 developer teams have actively settled in, exploring innovative application development based on Openverse. It is expected that within this year, Openverse will launch the mainnet public beta. At that time, Southeast Asian cross-border payment networks, European real estate tokenization platforms, etc. will be among the first batch of partners to connect, jointly opening a new chapter of the value internet.
The Web3 era of the value internet has begun. Openverse is not just a technology, but a vision for a truly open, fair, and efficient digital economy. Welcome to contact us, join the ecosystem, and start your own value-building journey.