PINNACLE Team: Dream Builders of Web3 Diverse Ecosystem Public Chain

In today’s digital wave sweeping the world, Blockchain technology, as the representative of the new generation of information technology, is leading the profound changes in finance, technology and even the whole society. In this transformation, Web3’s diverse ecological public chain, with its unique charm and unlimited potential, has become a bridge connecting the real world and the digital world. Today, let’s step into the American PINNACLE technology company together, explore its Web3 diverse ecological public chain, and how this innovative Blockchain technology enterprise is steadfastly promoting the popularity and implementation of the Web3 Decentralization network.

1. Introduction to Web3 Multi-Ecology Public Chain

As an outstanding representative of the fourth-generation public chain, Web3 multi-ecosystem public chain is created by PINNACLE Technology Company in Colorado, USA. This public chain inherits the cutting-edge technology concept of Ripple Labs’ leading team and globally pioneers the Instant Settlement Technology (IST), which is the zero-delay transaction technology, while integrating the decentralization net asset protocol of encrypted digital currency. This innovative initiative aims to lead the transformation of the global Web3 digital asset payment and transaction system, empower users with unprecedented data sovereignty, and explore a series of rich and diverse application scenarios.

In the Web3 multi-chain ecosystem, the applications of Decentralization Finance (DeFi), Social Finance, Gaming Finance, Artificial Intelligence (AI), and Metaverse are integrated and interwoven, jointly building a rich and diverse digital world. These fields not only develop independently but also achieve deep interaction and collaboration within the framework of multi-chain, bringing users unprecedented digital experiences and value creation.

Second, Introduction of PINNACLE (Colorado) Technology Company in the United States

PINNACLE, an innovative blockchain technology company based in Colorado, USA, is steadfastly promoting the popularization and implementation of the Web3 Decentralization network. The company’s core focus is on building cutting-edge Web3 infrastructure, creating a comprehensive ecosystem that includes Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Decentralized Autonomous Organizations (DAOs), and cross-chain interoperability, aimed at unlocking a more open, transparent, and secure digital new world for global users.

It is worth mentioning that PINNACLE Technology has been honored to obtain the US MSB financial license, which will be officially registered and effective on October 23, 2023. The MSB (Money Services Business) license is strictly regulated and issued by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury, and it is a necessary license for engaging in currency service-related business activities.

The MSB license covers a wide range of business scopes, including but not limited to:

Virtual currency trading: involving the buying, selling, and exchanging of cryptocurrencies such as Bitcoin, providing solid protection for the legal operation of virtual currency trading platforms in the United States.

Foreign Exchange: Serving the exchange needs of global currencies, such as the foreign exchange services commonly seen in airports and tourist areas. If the business reaches a certain scale and meets regulatory standards, it needs to hold an MSB license.

International Remittance: covering the fund transfer from individuals and enterprises to overseas, obtaining an MSB license is crucial for cross-border payment companies to ensure the compliance of fund transfer business within and outside the United States.

With the support of the MSB license, PINNACLE not only demonstrates its compliance strength in the field of financial technology, but also provides users with a more reliable and secure digital service experience.

3. Core Team Members

PINNACLE has brought together an elite team, with members from Silicon Valley, New York, and Europe, who have outstanding expertise in smart contract development, cross-chain interoperability, and high-performance Blockchain system construction. The company upholds the core concept of ‘Decentralization, shared by all,’ and is fully committed to leading and empowering the future digital economy new era through Web3 technology.

PINNACLE founder and Chief Executive Officer (CEO)

As early as 2013, Lucas Harrington first came into contact with Blockchain technology and immediately saw its disruptive potential in the global financial landscape and data privacy field. Subsequently, he joined a leading cryptocurrency company as a senior engineer, deeply involved in the research and optimization of multiple core underlying protocols, especially in the areas of cross-chain interoperability and zero-knowledge proofs, accumulating valuable practical experience.

In 2017, Lucas Harrington founded PINNACLE Technologies (a technology company in Colorado, USA) with profound technical expertise and forward-looking vision. The company focuses on creating secure, decentralized enterprise blockchain solutions, and has introduced two core technologies: IST (Instant Settlement Technology) for zero-delay transactions and Decentralization net asset management protocol. These innovative technologies provide groundbreaking tools for financial institutions, DeFi platforms, and digital asset managers, rapidly earning widespread acclaim in the industry and establishing PINNACLE as an innovative leader in the blockchain sector.

The development process of PINNACLE also includes:

2017: The company was officially founded, opening a new chapter in blockchain technology.

2020: The launch of BIOMETRIC SCAN biometric recognition technology further enhances the security and convenience of Blockchain applications.

2022: The release of AIASSISTANT digital human technology marks another major breakthrough for PINNACLE in the field of artificial intelligence and blockchain integration.

PINNACLE Chief Technology Officer (CTO)

Bougalis is an expert with a strong background in software engineering and encryption technology. He spent over ten years at Ripple Labs, where he made significant contributions to the company’s innovative technologies in cross-border payments and decentralized finance as a core member of the development team. He is proficient in distributed ledger protocols, consensus mechanisms, and secure encryption algorithms, with a particular focus on enhancing the transaction efficiency and security of the Ripple payment network.

During his time at Ripple, Bougalis had broad responsibilities covering multiple key areas:

Encryption algorithm and security: He is responsible for ensuring the privacy and security of Ripple transactions, significantly enhancing the system’s security by strengthening its anti-attack capabilities and privacy protection features.

Codebase Maintenance and Optimization: As the core maintainer of the Ripple codebase, he delves into optimizing the protocol code to ensure the efficient and stable operation of the system.

Protocol Improvement Proposal: Bougalis has proposed and led multiple Ripple Protocol Improvement Proposals (RIP), which have achieved technological innovation in improving consensus protocol efficiency and accelerating cross-border transaction processing speed.

In October 2022, Nik Bougalis announced his departure from Ripple Labs to seek new career challenges, a move that has sparked widespread attention in the Blockchain and cryptocurrency community.

In 2023, Bougalis joined PINNACLE Technology Company in Colorado, USA as Chief Technology Officer (CTO). In this new role, he leads the technology team to develop a ‘Web3 diversified ecological public chain’, continuing to push the boundaries of blockchain technology.

After Trump’s election, more and more countries, listed companies and other institutions have elevated Bitcoin to a strategic reserve asset, including Bitcoin in their balance sheets. With Trump’s official inauguration on January 20, the cryptocurrency market will usher in an unprecedented super bull market.

As the leader of the fourth generation public chain, Web3 Multiverse Ecological Chain will also usher in a major outbreak. Recently, Web3 Multiverse Ecological Chain is about to conduct IDO, please stay tuned.