News
Artela, for Extending Blockchain Functionality, Describes New Parallel Architecture in Detail — TradingView News
June 23: Artela, a blockchain designed to extend the functionality of other blockchains, has released its latest white paper, “Artela Scalability: Parallel Execution Stack and Elastic Blockspace.” According to a blog post, the whitepaper “introduces a brand new parallelized blockchain architecture: it not only achieves parallel execution but also supports parallel storage. On top of all this parallelization, we will further build nodes that support elastic computing, achieving a elastic node lock and bring predictable performance to dApps.”
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Cosmos DAO Osmosis will adopt the Bitcoin Bridge without commissions
June 21: Decentralized Autonomous Organization (DAO) Osmosis voted to adopt a fee-free Bitcoin bridge to allow bitcoin BitcoinUSD to enter the ecosystem of the Cosmos. Key to the process is a revenue-sharing agreement with Bitcoin bridge Nomic, according to an emailed announcement shared with CoinDesk on Friday. A bridge is a way to improve the interoperability of blockchains by allowing users to move crypto assets from one system to another.
Aleph Zero EVM compatible ‘zkOS’ generates ZK proofs in < 1 second
June 21st: Aleph Zeroa privacy-enhanced public blockchain operating on a Substrate stack developed by Polkadot developer Parity Technologies, introduced zkOS, an EVM-compatible privacy layer that generates zero-knowledge proofs in less than a second on consumer devices, according to the team: ” This allows for private transactions and dApp interactions without revealing the underlying data. ZkOS uses Halo2 with KZG commitments for faster proof generation and provides a zkToolkit to simplify integration for developers. Based on the benchmarks, zkOS can run proofs in 600-800 ms on MacBooks where it is designed to be faster, easier to use, and easier for developers to integrate into Ethereum applications, ZkOS is now available on testnet.”
Arbitrum will launch “Orbit Layer Leap” for one-click transfers on Layer-3 chains
June 21st: Refereethe leading Ethereum L2 scaling solution for total value locked, would launch Orbit Layer Leap on Friday, “allowing users to connect funds from Ethereum L1 to L3 chains within the Arbitrum Orbit ecosystem with a single click,” according to the team : “This innovative feature eliminates the need to interact with L2, improving user experience and interoperability. Layer Leap will initially support ProofOfPlay and RariChain, reflecting Arbitrum’s commitment to driving mainstream adoption of layer-based solutions 2 and layer-3.”
Farworld, building games on Farcaster, raises $1.75 million
June 20: Laboratories of the distant world, the original Farcaster gaming company, has closed its $1.75 million pre-seed funding round, co-led by Lemniscap and Variant. According to the team: “The funding will enable Farworld Labs to accelerate the launch of upcoming Q3 releases, including the highly anticipated launch of the Farcade platform in collaboration with top-tier studios and developers. Built on decentralized social media protocols, Farcade is a platform and suite of tools for developers to create native crypto games that integrate with social onchain, making games instantly playable in social media feeds with a single click.”
Celo Foundation appoints Nakagawa as executive director; Varshney moves to head of the ecosystem
June 20: The Celo Foundation is elevating Web3’s local and native talent into key senior leadership positions. According to the team: “Eric Nakagawa has been appointed to the new role of executive director of the Celo Foundation. He will work closely with Rene Reinsberg to oversee the daily operations of the Foundation. Isha Varshney has moved from head of DeFi to head of the Ecosystem. She will oversee Celo-based projects and will lead business development efforts with Web2 and Web3 companies Sophia Dew joins the Celo Foundation as developer relationships lead to supporting builders developing on the emerging Ethereum L2.
Botanix Labs hires Stoner as head of security
June 20: Botanicix Laboratoriesbuilding an EVM-equivalent Layer 2 network on Bitcoin, announced the appointment of security expert and industry veteran Ron Stoner as the new Chief of Security, according to the team: “With this addition, the Botanix Labs team is in a uniquely positioned to develop an industry-leading infrastructure that securely accommodates Bitcoin-native financial instruments Ron Stoner brings extensive experience designing and testing blockchain-based networks as one of the most respected hackers, educators and security professionals. in the cryptocurrency industry.”
POKT, decentralized RPC project, expands into AI inference
June 20: POKT networka project for decentralized RPC infrastructure processing, is expanding into AI inference services, according to the team: “The open source, permissionless design of the network aligns incentives between model researchers, hardware operators, API providers, and users Using its Relay Mining algorithm, POKT creates a transparent marketplace for cryptographically verified usage, allowing AI researchers to spread work and generate revenue without maintaining the infrastructure centralized entities and supporting broad participation.
ZKX, a “Social Perp Trading DEX on Starknet and Ethereum,” Raises $7.6 Million
June 20: ZKXdescribing itself as “the first social perp trading DEX on Starknet and Ethereum,” according to the team it has raised $6.3 million in a seed round with participation from key investors, such as Flowdesk, GCR and DeWhales: “This brings the total funding of the protocol to $7.6 million over the past two years. These funds are intended to enhance the growth and development of ZKX. One of their main objectives is to enable the development of new products such as its native token, $ZKX, launched on KuCoin, Gate.io and. Bitget this week. The token will empower users in governance and staking, with features such as social copy exchange pools and cross-chain interoperability planned.
The BNB chain update introduces blob-carrying transactions to optimize data storage
June 20: BNB chain successfully activated the BEP 336 Haber Hardfork, according to the team: “This update introduces blob transport transactions, dramatically reducing gas rates by up to 90%, and marks a significant step in optimizing the data storage and processing capabilities of BNB Chain.This cost reduction improves the overall efficiency of the ecosystem, positioning BNB Chain as one of the most cost-effective platforms for developers and users, which already boasts some of the lowest transaction costs in the industry further reductions to approximately $0.0001 and benefiting L2s operating on BSC.”