Blockchain Weekly Digest — May 20th, 2024
Gaia v17 Software Upgrade, Introducing Spawn, Cosmos Hub Engineering Update, XRPL Goes Interchain, KYVE & Synternet Streamline Historical and Real-Time Data with Interchain Stack, Secret Network: Decentralized Confidential Computing (DeCC) Across Web3, Introducing Cosmos Hub’s First Venture Grant: Elys Network, Union and Stargaze Collaboration, Weekly Cardano Development Update, Ouroboros Genesis Design Update, and Chain Abstraction on Multiple Levels.
The Blockchain Weekly Digest covers key updates and developments across multiple blockchain projects. The Gaia v17 upgrade proposal introduces Partial Set Security (PSS) features for the Cosmos Hub, with a two-week voting period and extensive testing. Spawn simplifies creating custom Cosmos-SDK blockchains. The Cosmos Hub engineering update highlights ongoing projects like CosmWasm integration and ATOM Wars. XRPL’s collaboration with evmOS enhances interoperability with over 90 chains. KYVE and Synternet aim to streamline historical and real-time data access. Secret Network introduces decentralized confidential computing for Web3. Cosmos Hub’s first venture grant with Elys Network supports early-stage projects. Union and Stargaze bridge Ethereum NFTs to Cosmos.
Meanwhile, the Cardano update includes advancements in core technology and governance. Ouroboros Genesis design aims to fortify Cardano’s blockchain, targeting a release by Q3 2024.
And finally, Agoric examines multi-level chain abstraction in Web3, emphasizing synergy for improved user experiences. Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
Unlock the Power of Staking with Our Trusted Blockchain Infrastructure Services!
Cosmos
Gaia v17 Software Upgrade
The Cosmos Hub has opened the voting period for Proposal #924, which focuses on the Gaia v17 Software Upgrade. This upgrade enhances Interchain Security by adding Partial Set Security features. The update allows new consumer chains to customize voting power requirements, use allow/deny lists for validator participation, and set caps on per-validator voting power and the number of validators. Chains can also opt to be “Opt-in,” making participation non-mandatory for validators, who can set different commission rates. Post-upgrade, Stride and Neutron will automatically become Top N=95% chains with a 5% soft opt-out.
Further details and community feedback can be found on the Cosmos Hub Forum 👉 here.
Introducing Spawn
Spawn is a development platform for building custom modular Cosmos-SDK blockchains, allowing users to tailor-fit their blockchain with specific modules, utilize familiar Cosmos tools, and integrate with GitHub actions for end-to-end testing. It facilitates quick interoperability testing with established networks. Users can create and test new chains locally, requiring Go 1.21+ and Docker, and deploy on MacOS and Ubuntu. The platform simplifies blockchain creation, demonstrating efficiency in launching testnets and confirming token transfers, ultimately saving developers time.
Check it out the github 👉 here.
Cosmos Hub Engineering Update
The April 2024 Cosmos Hub update highlights significant developments, including the Oversight Committee’s review of Q1 and Q2 plans, the successful v15.2 upgrade addressing prior issues, and the initiation of the governance phase for Gaia v16. Key advancements include the integration of CosmWasm, the implementation of Partial Set Security (PSS) for ICS 2.0, and the introduction of new features like IBC rate limits and fee middleware. Additionally, ongoing projects like ATOM Wars and Babylon Integration are progressing, with the publication of revised Cosmos Hub Improvement Processes (CHIPs). These initiatives aim to enhance the Hub’s security, flexibility, and incentivization, with major launches anticipated in Q2.
Check it out the blog post 👉 here.
XRPL Goes Interchain
Evmos is collaborating with Ripple and Peersyst to enhance the XRP Ledger (XRPL) EVM sidechain using evmOS, a modular tech stack that provides EVM compatibility and access to over 60 Cosmos SDK chains via IBC. This development brings XRPL into the interchain ecosystem, connecting it to over 90 interconnected chains and enhancing interoperability. The partnership leverages evmOS Outposts for seamless asset and information transfer across blockchains, marking a significant advancement in XRPL’s interoperability. Peersyst, an XRPL contributor, works with Ripple engineering to expand XRPL’s capabilities, while Evmos offers a modular solution for cross-chain dApp development, enabling customized EVM blockchain experiences.
Check it out the blog post 👉 here.
KYVE & Synternet Streamline Historical and Real-Time Data with Interchain Stack
KYVE and Synternet are collaborating to address blockchain data challenges by leveraging the Interchain Stack. They aim to streamline access to both historical and real-time data, which are often stored separately. KYVE focuses on validating and archiving historical data on decentralized platforms, while Synternet facilitates real-time data delivery and cross-chain dApp development. Their integrated approach ensures a reliable and comprehensive dataset, enhancing data management across Web3.
Check it out the blog post 👉 here.
Secret Network: Decentralized Confidential Computing (DeCC) Across Web3
Secret Network’s Confidential Computing Layer introduces decentralized confidential computing (DeCC) to Web3, enriching application capabilities across diverse blockchains. Operational since September 2020, Secret Network emphasizes encrypted data in decentralized applications, offering novel use-cases for Web3 sectors like DeFi, NFTs, and DAOs. Leveraging the Interchain Stack for interoperability, Secret Network enables cross-chain functionality, initially bridging tokens and building applications directly on Secret. Recent advancements in the Cosmos SDK and IBC protocol have streamlined cross-chain interactions, enhancing usability. “Privacy as a Service” introduced in June 2023 has further expanded opportunities through cross-chain confidential computing via IBC and Axelar network integration. Actively enhancing the Confidential Computing Layer, Secret’s developers support major EVM blockchains, offering comprehensive documentation and interoperability with various EVM and IBC chains. Future plans include integration with more blockchains, partnerships for ecosystem enhancement, and integration of new cross-chain messaging technologies. Detailed documentation, tutorials, and application examples aim to facilitate developers’ adoption, revolutionizing Web3 applications with DeCC’s reach across various blockchains.
Check it out the blog post 👉 here.
Introducing Cosmos Hub’s First Venture Grant: Elys Network
The ATOM Accelerator DAO (AADAO) announces its first Venture Grant and partnership with Elys Network, aiming to invest in high-growth early-stage projects within the interchain ecosystem. Elys Network, powered by Cosmos SDK, will be the first all-in-one DeFi appchain using Interchain Security, benefiting the Atom Economic Zone (AEZ). The Cosmos Hub Community Pool will receive ELYS tokens and potential airdrops for Atom holders and stakers. Elys offers a seamless trading experience, integrating native Bitcoin staking and partnering with Babylon and Stride Protocol. This collaboration is expected to enhance ATOM’s utility and drive ecosystem adoption, aligning with Cosmos Hub’s growth objectives.
Check it out the blog post 👉 here.
Union and Stargaze Collaboration
Union and Stargaze are collaborating to bridge Ethereum NFTs to Cosmos via the zk-IBC bridge, marking the first trustless interoperability for NFTs between the two ecosystems. This initiative will list Stargaze NFTs, like Bad Kids, on Ethereum marketplaces and make Ethereum NFTs, such as Cryptopunks, available on Stargaze. The partnership aims to increase volume and royalty fees for creators, leveraging Stargaze’s zero gas fees and user-friendly environment. They plan to open an IBC channel for seamless NFT transfers and launch an exclusive NFT collection to commemorate Union’s mainnet launch, enhancing cross-chain NFT trading and community connection.
Check it out the blog post 👉 here.
Cardano
Weekly Cardano Development Update
In the latest weekly development report, significant advancements have been made across various core technologies, wallets and services, scaling initiatives, and Voltaire & Sanchonet projects within the Cardano ecosystem. Core technology updates include enhancements to the Praos chain order, statistics on leader schedule, and improvements in node catch-up robustness. Wallets and services have seen the launch of Lace v.1.11 with enhanced NFT functionality and UX improvements. Scaling efforts involve upgrades to the Hydra node networking layer and optimizations for the aggregator. Voltaire & Sanchonet developments include adjustments to CLI commands for initiating hard forks and ongoing testing of CIP-1694 with the cardano-testnet. Additionally, progress continues in Catalyst with numerous proposals submitted for Fund12 and ongoing community reviewer applications. Educational initiatives are focused on creating explainers for Voltaire topics and content for Mastering Cardano.
Check it out the blog post 👉 here.
Ouroboros Genesis Design Update
The Ouroboros Genesis protocol, an advanced iteration of Cardano’s consensus mechanism, aims to fortify the blockchain against vulnerabilities during node initialization or rejoining, slated for delivery by Q3 2024. Recent updates concentrate on shielding nodes during syncing and introducing novel concepts like ledger peers, lightweight checkpointing, and constraints on eagerness and patience. Ledger peers thwart eclipse attacks by selecting peers from recent stake distributions, while lightweight checkpointing allows quick network control during block production outages. Restrictions on eagerness and patience prevent nodes from hastily committing to alternative blocks. The stabilized design, undergoing implementation and testing, targets its first Genesis-capable release for Q3 2024, prioritizing optimization for increased peer counts and eclipse prevention. Preceding Genesis, a bootstrap peer design simplifies node syncing by exclusively communicating with trusted peers until network decentralization is achieved.
Check it out the blog post 👉 here.
Agoric
Chain Abstraction on Multiple Levels
The article examines the evolution of chain abstraction in Web3, highlighting its goal to streamline user experiences across multi-chain ecosystems. It discusses three approaches: comprehensive, orchestration, and foundational solutions, each addressing various aspects of multi-chain friction. The CAKE framework divides chain abstraction into layers: Permission, Solver, and Settlement. User-facing levels include blockchain-level, account-level, and application-level abstractions, focusing on shared properties, unified account states, and cross-chain application development, respectively. The article emphasizes the importance of synergy among these levels and approaches, illustrating enhanced user experiences in asset management, DeFi, governance, and authentication.
Check it out the blog post 👉 here.
Thank you for reading.
If you enjoyed this weekly updates, please support me with a follow.
About Us
🌐 KysenPool Validator
Unlock the Power of Staking with Our Trusted Blockchain Infrastructure Services!
We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Quicksilver; 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.
Stake with KysenPool
- on Ethereum via JinOro or Stakewise V3
- on Cosmos via Keplr Wallet
- on Cardano visible at PoolTool via AdaLite
- on Kava via Keplr Wallet
- on Agoric via Keplr Wallet
- on Quicksilver via Keplr Wallet
- on Aura at AuraScan
- on Desmos via Forbole X
- on Harmony via Staking Explorer (upon sign-in)
Our Dapps
- JinOro (Ethereum self-custody staking): https://jinoro.xyz/
- Cosmos Outpost (Analytics): https://cosmosoutpost.io/
Official Channels
- Email: developers@kysenpool.io
- Website: https://kysenpool.io/
- Twitter: https://twitter.com/kysenpool
- Telegram: https://t.me/kysenpool
- Medium: https://medium.com/kysenpool
