Blockchain Weekly Digest — July 1st, 2024
Cardano Goes Interchain, CometBFT v1 Release, Synternet Goes Interchain, Exploring IOBScan, Cardano Weekly Development Update, Aura Network Ventures into Programmable IPs, XION Launches Chain Abstraction To Neutron Via Abstract, and Introducing Astra.
The Blockchain Weekly Digest highlights key developments in the blockchain ecosystem include several key updates: Cardano integrates IBC to connect with over 115 Cosmos SDK chains, enhancing security with Ouroboros and scalability. CometBFT v1 improves block syncing, consensus, and mempool efficiency while introducing the Data Companion API. Synternet launches its mainnet on Cosmos, migrating SYNT tokens, and upgrading the Developer Portal UX. IOBScan provides real-time insights into IBC transfers across 60+ chains with detailed blockchain data and relayer profiles. Cardano advances SanchoNet db-truncater, releases node v.8.12.0 benchmarks, progresses governance actions, and enhances Plutus functionalities. Aura Network introduces Programmable IPs for transparent, secure IP management. XION integrates Abstract for seamless Neutron interaction, simplifying cross-chain app access. Astra by Stargaze launches a Celestia rollup with advanced token staking, permissionless contracts, and plans for NFTs and DeFi apps. 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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Cosmos
Cardano Goes Interchain
Cardano integrates the Inter-Blockchain Communication Protocol (IBC) to enhance interoperability, enabling seamless data and asset transfers between different blockchains. This integration expands Cardano’s connectivity to over 115 Cosmos SDK-based chains, bolstering security with Ouroboros protocols and improving scalability through modular solutions. The IBC sidechain mechanism provides enterprise benefits by allowing flexible, secure, and decentralized deployment of solutions, optimizing operational efficiency and ensuring reliable transaction costs.
Check it out the blog post 👉 here.
CometBFT v1 Release
The upcoming v1 release of CometBFT brings game-changing performance improvements in block syncing, consensus, and P2P operations. It achieves efficient block times, setting the stage for future signature aggregation. Recent updates enhance mempool efficiency for smoother transaction processing, while new database compaction prevents indefinite growth in goleveldb storage. Additionally, the Data Companion API allows seamless offloading of data to external services, boosting scalability independent of node operations.
Check it out the post 👉 here.
Synternet Goes Interchain
Synternet has launched its mainnet on Cosmos with the Monaco release, marking a significant step for decentralized data infrastructure. The $SYNT token migration from $NOIA has begun, reflecting a shift in the platform’s economic model. Synternet’s multi-chain growth strategy leverages Cosmos for enhanced interoperability and reduced transaction costs. An upgraded UX in the Developer Portal improves accessibility for builders, while $SYNT tokens become essential for accessing and paying for real-time data streams across blockchains. The Pikes Peak roadmap outlines future growth and ecosystem expansion, solidifying Synternet’s role in the decentralized data economy.
Check it out the blog post 👉 here.
Exploring IOBScan
IOBScan serves as a premier aggregator for navigating the interchain landscape, offering detailed insights into IBC transfers and token movements across 60 IBC-enabled chains. With real-time monitoring capabilities, users can optimize cross-chain operations efficiently. IOBScan’s robust API provides comprehensive blockchain data analysis, ensuring transparency with detailed relayer profiles showcasing contributions to the interchain ecosystem.
Check it out the blog post 👉 here.
Cardano
Cardano Weekly Development Update
In the weekly development report, Cardano made significant strides across various fronts: The core technology team optimized db-truncater for SanchoNet, enhancing operational speed, while benchmarks for node v.8.12.0 and DRep benchmarks were released by the performance team. Governance actions and updates to Conway features for node v.8.12 progressed, alongside validations of CIP-69 and CIP-117 implementations and completion of RTView component extraction. The Lace team finalized details for the upcoming Lace v.1.13 release and prepared related blog content. Plutus team advancements included faster pattern matching for built-in types and enhancements in documentation and CI. Mithril team activities focused on threat modeling and Cardano transaction certification, along with drafting a CIP for signature diffusion and improving WASM client documentation. Catalyst announced a notable lineup of global tier-one companies for the ‘Partners and Real World Integration’ track, alongside conducting Town Hall 168 and updating educational materials like the Mastering Cardano series in preparation for an upcoming developer course.
Check it out the blog post 👉 here.
Aura
Aura Network Ventures into Programmable IPs
Aura Network is venturing into Programmable IPs (PIP), leveraging blockchain technology to dynamically manage and protect intellectual property (IP). PIP automates rights and royalties through smart contracts, ensuring transparency, security, and efficiency. Aura Network’s initiative enhances IP management, fosters creativity, and prevents disputes by verifying ownership. With partnerships like Creek and River, Aura Network explores global monetization opportunities for iconic Japanese IPs. This innovative approach promises enhanced creator control, new monetization avenues, and a dynamic digital content ecosystem, setting new standards for digital asset management and creativity empowerment.
Check it out the blog post 👉 here.
Neutron
XION Launches Chain Abstraction To Neutron Via Abstract
XION launches Chain Abstraction to Neutron, enabling seamless interaction within the ecosystem without leaving the chain. This advancement allows users to effortlessly access Neutron-based apps on XION, eliminating cross-chain bridging and transaction complexities. Integrating Abstract’s tools, developers can build and scale cross-chain applications, enhancing ecosystem composability. This move removes technical barriers for mainstream Web3 adoption, boosts interoperability, and enhances application distribution, with future plans to expand functionalities and foster innovation across interconnected blockchain environments.
Check it out the blog post 👉 here.
Stride
Introducing Astra
Stargaze’s new Celestia rollup, Astra, launching in early Q4, will offer advanced features like automatic Cosmos token staking, permissionless contract deployment, and higher transaction throughput. Initially supporting ATOM, TIA, and STARS tokens, Astra plans to expand into NFT minting, trading, games, and DeFi apps. This collaboration with Stride leverages the Hyperlane bridge for token transport, enabling yield capture and governance-driven utility enhancements, aiming to enrich the Celestia community’s experience within Stargaze.
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.
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