As we navigate through this week, key developments continue to unfold, promising new avenues and innovation. Leading the way this week — Atala PRISM is prepping to revolutionize digital identity, while Cardano’s on-chain governance, CIP-1694, and the upcoming summit take us closer to the Age of Voltaire.
Replicated Security’s debut on Cosmos Hub brings us Neutron, the first consumer chain, while Kava is enhancing its EVM and prepping for a mainnet upgrade. Meanwhile, opportunities for developers and enthusiasts abound with the Game of NFTs Hackathon extension, the Desmos University Program, and the Kickstart initiative.
And finally, the Aura Network is all set to take part in the Korea Blockchain Week, following its notable Q1 achievements. 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
Atala PRISM
Atala Prism is a blockchain-based identity and credential management system developed by IOG (Input Output Global). It is designed to provide individuals and organizations with a secure and decentralized platform for managing digital identities and verifying credentials.
Atala Prism aims to address challenges associated with traditional identity management systems, such as data breaches, identity theft, and lack of interoperability between different identity providers. It leverages the blockchain technology to create a tamper-proof and transparent system where users have control over their own identity information.
Here has an article to discuss more on Atala PRISM on Decentralized Identity, and 🔜 Atala Prism V2 — is an enterprise-class, scalable solution adhering to the latest decentralized identity standards. This also includes the W3C DID spec for standardization and interoperability, DIDComm v2 — a chat for communication, and, coming soon AnonCreds, which ensure credentials’ increased privacy using selective disclosure and zero-knowledge proofs (ZKP).
CIP-1694 — Age of Voltaire
CIP-1694 is a crucial step in Cardano’s journey into the Age of Voltaire. CIP-1694 marks the first iteration of Cardano’s on-chain governance. Given its importance, achieving broad consensus is vital as Cardano looks to the future. To make that happen, it’s equally important the community conducts its own governance discussions and events.
Join the conversation and contribute to Cardano’s on-chain governance — CIP-1694 Global Community Workshops.
Watch the full CIP-1694 explainer video here to learn in detail about the dReps, SPO, and constitution committee roles, and the governance action types.
Cardano Summit 2023
Join this Cardano Summit 2023 with Cardano Community in the Arabian Desert — Dubai.
Date : 2–4 November, 2023
Get your ticket now 👉 Ticket 🎟 !
Cosmos Hub
Neutron — The first consumer chain on Cosmos Hub
Interchain Security is the name for a family of protocols. The feature being discussed here is in this family and termed “Replicated Security”. In the past it has been referred to as Interchain Security (ICS) v1, but going forward we refer to it as “Replicated Security”.
Replicated Security will allow the Cosmos Hub to provide its strong security to other blockchains, which are called “consumer chains”. This means that consumer chains can benefit from the Cosmos Hub’s security without having to maintain their own validator sets.
In exchange for this service, consumer chains are expected to send a portion of their fees and inflation to the Cosmos Hub validators and delegators. These tokens will then be included as part of the Cosmos Hub’s staking rewards.
Neutron is the first Consumer Chain to leverage Cosmos Hub Replicated Security. Neutron is the most secure, permissionless CosmWasm smart contract platform that is optimized for DeFi.
In order to provide security for Neutron, the Cosmos Hub will receive:
- 25% of transaction fees
- 25% of MEV revenue
- 7% of the NTRN supply as an initial drop
- Help strengthen ATOM’s position as interchain’s reserve currency
For Neutron, it’s able to experience:
- Instant access to the multi-billion dollar economic security of the Hub.
- Instant user adoption by being connected with the biggest interchain community.
This is the beginning of a new ecosystem emerging within the interchain, called Atom Economic Zone. An ATOM-aligned ecosystem set to share value and grow the interchain economy.
For more information on Neutron 👉 Neutron Launch Sequence
Game of NFTs
The Game of NFTs Hackathon is extended until 19th June!
Developers have more time to build innovative solutions with Interchain NFT.
👉 Submit Your Hackathon Projects for an exciting virtual hackathon!
To know more information on:
Kava
Kava EVM Road Ahead
Kava EVM, also known as Kava’s Ethereum Virtual Machine, is a blockchain-based platform that allows developers to deploy and run decentralized applications (DApps) compatible with the Ethereum Virtual Machine (EVM). It is a key component of the Kava blockchain ecosystem.
Kava is a decentralized finance (DeFi) platform that operates on its own blockchain, built on the Tendermint consensus algorithm. However, Kava EVM enables developers to leverage the existing Ethereum ecosystem and tooling to build and deploy DApps on the Kava blockchain.
The Kava EVM is celebrating its 1-year anniversary and has seen tremendous growth in adoption and usage since inception. Check out whats planned for the Kava EVM Road Ahead.
Kava 13 Mainnet Upgrade
Kava 13 upgrade will occur at block height 4,832,500 on May 17th, 2023, at approximately 15:00 UTC.
This upgrade includes updates to major dependencies and grants new powers for Kava DAO to manage community pool funds via the x/community module.
The release candidate & details for Kava 13 can be reviewed 👉 HERE.
Desmos Network
Desmos University Program
The Desmos University Program offers in-person classes, projects, and more, delving into Web 3 and decentralized social networks. Gain firsthand knowledge and contribute to the future of social networking. It’s packed with info about the initiative to foster innovation with universities in Italy and Hong Kong.
If you’re a student passionate about blockchain, Web 3, and decentralized social networks, get involved via 👉 Desmos University Program.
Desmos Kickstart Program
Desmos is offering the Kickstart Program to help whoever want to build decentralized social apps on an open-source blockchain protocol with a small amount of money.
Apply here 👉 Desmos Kickstart Program.
Quicksilver
Quicksilver v1.2.10 Upgrade
Quicksilver v1.2.10 upgrade will occur at block height 1,936,600 on May 15th, 2023, at approximately 18:55 UTC.
This release contains:
- Logic to periodically flush delegations that are un-finalised as a result of closed ICA channels
- An upgrade handler to close the stargaze-1.delegate channel, so it can be reopened in order to force update delegation records
Aura Network
2023 First Quarter Recap
Aura Network has achieved significant milestones in the first phase of 2023, especially with the launch of TheXstaxy Mainnet.
Let’s delve into some of the key milestones Aura Network has accomplished in Q1/2023 👉 Aura Recap.
Korea Blockchain Week
Aura will join Korea Blockchain Week 2023, with an impressive lineup of visionaries and founders in the blockchain and Web 3 space.
Date : 4–9 September, 2023
For more information 👉 Korea Blockchain Week 2023.
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