Blockchain Weekly Digest — September 2nd, 2024
Osmosis and Router Chain Integration, Balanced Enters Interchain, The Chang Upgrade, Essential Cardano Weekly Development Update, Aura Network and Particle Network Integration, and Aura Network and SubWallet Partnership.
The latest Blockchain Weekly Digest covers key developments: Osmosis integrates with Router Chain for seamless cross-chain asset bridging, enhancing Cosmos and Tron connectivity. Balanced enters the Interchain, leveraging IBC and GMP for cross-chain DeFi services. Cardano’s Chang upgrade introduces the Voltaire governance system, marking a significant shift towards decentralized governance. Additionally, Aura Network announces two strategic integrations — Particle Network for Chain Abstraction and SubWallet for enhanced cross-chain asset management. These updates highlight the ongoing innovation and expansion within the blockchain ecosystem. Keep reading for a detailed exploration of each update.
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Cosmos
Osmosis and Router Chain Integration
Osmosis, the leading Cosmos DEX, has integrated with Router Chain, enabling seamless asset-bridging from 25+ EVM and non-EVM chains. This integration, approved by the Osmosis community, allows Router Protocol to enhance Osmosis with advanced cross-chain solutions and marks the first IBC-type connection for Router Chain. The partnership connects the Cosmos and Tron ecosystems, enabling the transfer of USDC, USDT, and TRX across these networks, opening new pathways for liquidity and cross-chain innovation.
Check it out the blog post 👉 here.
Balanced Enters Interchain
Balanced is a decentralized finance (DeFi) protocol designed for simplicity and cross-chain functionality. It features a stablecoin (bnUSD) and an exchange that allows for seamless swapping and transferring of assets across connected blockchains. With support for 8 blockchains and plans for more, Balanced leverages the Inter-Blockchain Communication (IBC) protocol for easier integration with Cosmos SDK-based chains, using ICON’s General Message Passing (GMP) for secure, multi-protocol transactions. Balanced aims to unify liquidity and reduce trading complexity, enabling users to deposit major assets as collateral and access cross-chain financial services. Upcoming updates include new blockchain connections and enhanced features like concentrated liquidity and a cross-chain token standard.
Check it out the blog post 👉 here.
Cardano
The Chang Upgrade
The Chang upgrade, set for September 1, 2024, represents a major leap for Cardano, introducing the Voltaire governance system. Charles Hoskinson emphasizes its transformative potential for blockchain governance, drawing a parallel with historical financial discussions at Jackson Hole. Voltaire aims to create a decentralized governance model, combining liquid democracy with a constitutional republic, and includes a sovereign wealth fund of 1.5 billion ADA. This upgrade reflects Cardano’s commitment to long-term, robust governance and is seen as a pivotal step toward realizing a more equitable global system.
Check it out the blog post 👉 here.
Essential Cardano Weekly Development Update
The weekly development report highlights several key updates: The ledger team is refining tests and preparing for the Conway era hard fork, which includes critical changes affecting DApp developers. The SRE team has upgraded the pre-production network and enhanced various system components for better performance and scalability. The Lace wallet team is preparing to release version 1.15 with improved governance features. Mithril is working on decentralizing signature orchestration and optimizing memory usage. The Chang #1 hard fork, effective September 1, has been approved and is set to proceed smoothly with major stakeholders prepared. Catalyst’s Fund12 onboarding is progressing, and Cardano Days events are being organized, starting with the Wyoming Blockchain Stampede on September 21.
Check it out the blog post 👉 here.
Aura Network
Aura Network and Particle Network Integration
Aura Network is excited to announce its integration with Particle Network, introducing Chain Abstraction into the Aura ecosystem. This partnership enhances user experience with Particle’s Wallet Abstraction and Universal Accounts, paving the way for Web2 users and creators to seamlessly transition into Web3. This integration promises to unlock the future of Programmable IP and drive mass adoption in the Web3 space.
Check it out the post 👉 here.
Aura Network and SubWallet Partnership
Aura Network is excited to announce its partnership with SubWallet, a leading non-custodial wallet supporting Polkadot and Ethereum. This integration will enhance the infrastructure for programmable IP, making it easier for users to manage assets across multiple blockchains in a secure and user-friendly environment.
Check it out the 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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