Blockchain Weekly Digest — January 1st, 2024

Interchain Foundation 2023 Achievements, and Aura’s Account Abstraction in Cosmos.

Wayne
KysenPool
3 min readJan 1, 2024

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In this week’s Blockchain Digest covers various developments in the blockchain space, including Interchain Foundation 2023 achievements, and Aura’s Account Abstraction in Cosmos. Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.

Cosmos

ICF 2023 Year in Review

The Interchain Foundation achieved significant milestones, including the unveiling of the Interchain Stack Roadmap, expansion of the IBC protocol, and the ICF Delegations Program recognizing validators. A $26.4 million funding program was announced for the development of the Interchain Stack. Initiatives like the Interchain Developer Academy and the Builders Program supported developers and teams. Core development of Cosmos Hub, Cosmos Ledger Maintenance, website revamp, and community engagement were highlighted. New Foundation Council members were introduced, and the ICF’s vision and reports emphasized transparency. The foundation looks forward to innovation and collaboration in 2024.

Read the blog post 👉 here.

Aura

Introducing Account Abstraction to Cosmos

Aura’s core development team has been diligently working on Account Abstraction, a key technology in Web3, which creates smart accounts and abstracts fees, allowing users to use smart contracts as their accounts. This enhances security and privacy in wallets, making crypto-native wallets as user-friendly as traditional payment apps. Aura’s Smart Account Module (SAM) within the Smart Account Suite (Pyxis) and SDK enables fully customizable and modular smart account transactions, setting it apart from other technologies like ZkSync and Near. Account Abstraction is crucial for developers, offering flexibility and innovation by allowing transactions to be sent from smart contracts rather than relying on keypairs. Aura calls on Cosmos developers to utilize their Smart Account Module for next-gen DApps and aims for true mass adoption through modularity and Account Abstraction.

Read the blog post 👉 here.

Thank you for reading.

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