Blockchain Weekly Digest — November 27th, 2023
Cardano’s CIP-1694, Cosmos State of the ATOM Economic Zone (AEZ) in Q4 and Agoric’s KREAd Character Builder
In this week’s Blockchain Digest covers updates in the crypto world, highlighting Cardano’s weekly development update, covering topics such as security analysis, governance actions, and team updates. Midnight’s use of zero-knowledge technology for data protection in decentralized applications. The Cosmos ecosystem experiences growth in Q4, emphasizing ATOM’s competitive advantages and the development of Replicated Security.
And finally, Agoric introduces the KREAd Character Builder, a decentralized application on the Agoric chain for creating and trading non-fungible tokens (NFTs) with a focus on modularity and asset composability. 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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Cardano
Cardano’s Weekly Development Update
This week Cardano development update covers updates from various teams working on Cardano’s core technology. Key points include the release of the initial security analysis and responses for CIP-1694, discussions on governance actions, networking team’s work on bootstrap peers’ implementation, Ledger team’s focus on testing and bug fixes, Lace team’s update to version 1.7.1, Plutus tools team’s work on Marconi API queries, Marlowe team’s updates and improvements, Hydra team’s addressing of errors and protocol simplification, Mithril team’s progress in decentralizing networks, Voltaire team’s preparation for a special Cardano Ballot vote on CIP-1694, Catalyst project updates, and ongoing efforts by the Education team.
Read the blog post 👉 here.
Midnight Data Protection-First Approach
The challenge of maintaining data confidentiality in blockchain, especially in the context of smart contracts that handle sensitive information visible to numerous nodes. Midnight smart contracts aim to address this by separating a contract’s state into public and private components, utilizing zero-knowledge proofs for confidentiality. The protocol enables concurrency, enhancing efficiency, and offers a developer-friendly environment with tools for easy integration. Midnight’s data protection-first philosophy makes it applicable to various use cases, emphasizing the preservation of confidentiality and fundamental freedoms.
Read the blog post 👉 here.
Cosmos
The State of AEZ in Q4
In Q4, the AEZ ecosystem experienced significant growth, attributing success to the competitive advantages secured by ATOM, highlighting the development of Replicated Security, the shared security model, slated for further improvement in 2024. Neutron and Stride, approved by the Cosmos Hub community, are leading the 2024 Cosmos Hub core, expanding AEZ to the Rollup world and establishing Stride as the primary interchain liquid staking provider with a TVL exceeding $60M. The Cosmos Hub is solidifying its role as an interchain service provider, with Neutron and Stride driving expansion and positioning the Cosmos Hub in the shared security marketplace.
Check it out the post 👉 here.
Agoric
KREAd Character Builder
Introducing the KREAd Character Builder, a decentralized application (dApp) on the Agoric chain facilitating the creation and trading of non-fungible tokens (NFTs) representing characters and items. The dApp utilizes Agoric properties like offer safety and asset composability, encouraging a modular approach to smart contract development. It emphasizes thinking in terms of assets rather than traditional identity, promoting flexibility. The technical overview covers the concept, architecture, JavaScript smart contracts, and implementation details, demonstrating how the dApp leverages Agoric SDK for a seamless user experience. It includes a step-by-step guide for setting up and running the KREAd Character Builder, highlighting its organized codebase and adherence to specific NFT requirements, showcasing the potential for decentralized applications on the Agoric platform.
Read the blog post 👉 here.
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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, 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.
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