Blockchain Weekly Digest — August 12th, 2024
Lido’s July Validator Set Updates, Introducing the Droplets Program, Introducing Succinct SP1, Deep Dive into Cosmos SDK, Essential Cardano Weekly Development Update, Intersect Weekly Development Update, Introducing Djed 1.2, Designing Chain Abstraction Experiences with Agoric Orchestration, Aura Network and Kaia Partnership, and Introducing Range API.
The Blockchain Weekly Digest covers key updates across various blockchain ecosystems. Highlights include Lido’s efforts to enhance its validator infrastructure, the launch of the Droplets Program in Cosmos, and the introduction of the advanced zkVM capabilities with Succinct SP1. The digest also delves into updates from the Cosmos SDK, Cardano’s weekly developments, and the release of Djed 1.2. Agoric Orchestration’s approach to simplifying cross-chain application development and Aura Network’s partnership with Kaia to advance Programmable IP are also featured. Lastly, the introduction of the Range API in Neutron brings advanced security features to the Cosmos ecosystem. Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
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Ethereum
Lido’s July Validator Set Updates
The July Validator Set updates highlight Lido’s ongoing efforts to decentralize and enhance its validator infrastructure, including the expansion of the Simple DVT module, the launch of the fully permissionless Community Staking Module on testnet, and the transition of Rated Labs from the Oracle Set. Significant community engagement initiatives, like the Community Lifeguard Initiative and bi-weekly stakers’ roundtables, demonstrate Lido’s commitment to fostering an active and informed community.
Check it out the blog post 👉 here.
Cosmos
Introducing the Droplets Program
The Droplets Program by Drop Protocol incentivizes participants to contribute to the Interchain by earning Droplets, which can be exchanged for DROP governance tokens. Participants can earn Droplets through liquid staking, using dAssets in ecosystem applications, and referring others. The program is structured into Epochs, each offering new earning opportunities, and will last for six months or until the DROP Token Generation Event. A total of 100 million DROP tokens will be distributed to participants, with the first Epoch focused on bootstrapping liquidity for future DeFi use cases.
Check it out the blog post 👉 here.
Introducing Succinct SP1
SP1, now feature-complete and recommended for production use, offers advanced zkVM capabilities for creating real-world zero-knowledge proof (ZKP) applications. It supports high performance and cost efficiency, securing over $1 billion in TVL with up to 10x faster and cheaper proofs compared to alternatives. Partners like Polygon and Celestia utilize SP1 for diverse use cases, including rollups, interoperability, and ZK coprocessors. SP1’s modular design, GPU prover, and extensive open-source support make it a leading choice for developers, promising ongoing improvements in performance and scalability.
Check it out the blog post 👉 here.
Deep Dive into Cosmos SDK
The “Interchain Stack Highlights” blog series spotlights the Cosmos SDK, a key component of the Interchain Stack. The Cosmos SDK is an open-source, modular toolkit designed for building versatile blockchain solutions, enabling developers to create application-specific blockchains with full sovereignty and interoperability. It supports various blockchain types, integrates with different consensus engines, and utilizes the Inter-Blockchain Communication (IBC) Protocol for seamless cross-chain interactions. The SDK’s flexibility and modularity allow for scalable, customizable blockchain solutions. Ongoing updates are enhancing its performance and developer experience, cementing Cosmos SDK’s role as a leading toolkit in the evolving blockchain ecosystem.
Check it out the blog post 👉 here.
Cardano
Essential Cardano Weekly Development Update
In the weekly development report, key updates include progress on core technology with improvements to the db-truncater and UTXO-HD feature branch, readiness of Lace for the Chang upgrade, and completion of conformance testing for Plutus bitwise primitives. The Hydra team is advancing bug fixes and preparing for Rare Evo, while Mithril focuses on stake distribution and signature diffusion. Catalyst Fund12 onboarding is nearly complete, and the education team successfully hosted a developer course in Argentina and is planning Cardano Days in Wyoming.
Check it out the blog post 👉 here.
Intersect Weekly Development Update
In the twenty-sixth Intersect Development Report, highlights include celebrating over 500 new members since May, preparing for RareEvo and the Chang hard fork, and advancing constitutional workshops with 55 planned globally. The report details the latest in governance tooling, including updates on the Sancho GovTool and upcoming Cardano continuity supplier milestones. The report also covers ongoing community activities, open-source developments, and the introduction of new member resources and incentives.
Check it out the blog post 👉 here.
Introducing Djed 1.2
Djed 1.2 is now live on the Cardano Mainnet, featuring major updates such as lower mint and burn minimums, a switch to a percentage-based operator fee, and a more dynamic base fee model. This release also includes a migration to Plutus V2, enhancing interoperability, cost-efficiency, and security. The upgrade aims to improve user accessibility and participation, with new features like more flexible fees, increased SHEN stability, and improved transaction handling.
Check it out the blog post 👉 here.
Agoric
Designing Chain Abstraction Experiences with Agoric Orchestration
Agoric Orchestration simplifies the development of cross-chain applications, unlocking new design possibilities for web3. By abstracting the technical complexities of interacting with multiple blockchains, developers can create seamless, web2-like user experiences. This approach enhances interoperability and user engagement, enabling the creation of sophisticated workflows and applications, such as interoperable DeFi platforms, cross-chain NFT marketplaces, and automated investment strategies. Agoric Orchestration empowers developers to push the boundaries of innovation in decentralized applications, making web3 more accessible and user-friendly.
Check it out the blog post 👉 here.
Aura Network
Aura Network and Kaia Partnership
Aura Network has partnered with Kaia, a high-performance public blockchain created from the merger of Klaytn and Finschia, to advance Programmable IP in the Web3 space. Kaia, Asia’s largest Web3 ecosystem with over 420 DApps and a potential user base of 250 million, simplifies blockchain access and fosters seamless connections. This collaboration, along with PunkgaMe, a Manga IP producer, aims to empower manga artists through innovative blockchain tools, including a manga contest themed around “Kaia Island,” marking a new era for IP development and management in the blockchain ecosystem.
Check it out the blog post 👉 here.
Neutron
Introducing Range API
The Range API introduces advanced security features for the Cosmos ecosystem, offering real-time risk screening and transaction simulations to enhance blockchain application security. This guide provides a step-by-step tutorial for developers to integrate the Simulation and Risk APIs into wallets, multi-sigs, or app backends. The APIs, currently available for Osmosis and Neutron, enable pre-transaction risk assessments, address verification, and compliance monitoring. By leveraging these tools, developers can proactively protect users, ensure compliance, and build trust within their blockchain applications.
Check it out the blog post 👉 here.
Thank you for reading.
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We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Agoric, Aura; Ethereum and EVM-chains like Harmony; and substrate-based chains such as Cardano. Our global team is continuously improving our automations and constantly monitoring our operations to ensure high availability and resilience.
Our infrastructure is a hybrid of data centers bolstered with Hardware Security Modules (HSMs), and distributed globally at multiple Cloud providers. Our mission is to help provide a sound infrastructure, share toolings and offer foundational services, so that token holders can stake with confidence while the blockchain ecosystems which we support continues to strengthen. We hope you like our contributions into the ecosystems that we support. To find out more about networks that we support, checkout our website below.
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