News
Artela, for the extension of Blockchain functionality, describes the new parallel architecture in detail
June 23: Artelaa blockchain designed for extend functionality of other blockchains, published its latest whitepaper, “Artela Scalability: Parallel Execution Stack and Elastic Blockspace.” According to A blog postthe white paper “introduces a brand new parallelized blockchain architecture: it not only achieves parallel execution but also supports parallel storage. In addition to all this parallelization, we will further realize nodes that support elastic computing, achieving elastic node block space and bringing performance predictable to dApp.”
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Cosmos DAO Osmosis will adopt the Bitcoin Bridge without commissions
Ethan Buchman (left), co-founder of Cosmos, talks about Bitcoin with Osmosis Labs co-founder Sunny Aggarwal, at Consensus 2024 in Austin, Texas. (CoinDesk) (Shutterstock for consent)
Aleph Zero EVM compatible ‘zkOS’ generates ZK proofs in < 1 second
June 21st: Aleph ZeroA Privacy-protected 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 enables private transactions and dApp interactions without revealing the underlying data. ZkOS uses Halo2 with KZG commitments for faster proof generation and provides zkToolkit to simplify integration for developers. Based on benchmarks, zkOS can run proofs in 600-800 ms on MacBooks. ZkOS is designed to be faster, easier to use, and easier for developers to integrate into Ethereum applications. ZkOS is now live testnet.”
Arbitrum will launch “Orbit Layer Leap” for one-click transfers on Layer-3 chains
June 21st: Referee‘s leading Ethereum L2 scaling solution total value blockedwould 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-2 solutions 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 went from head of DeFi to head of Ecosystem. She will oversee Celo-based projects and lead business development efforts with the Web2 and Web3 companies. Sophia Dew joins the Celo Foundation as developer relationships lead to supporting developers building on the emerging Ethereum L2.”
Eric Nakagawa, executive director, Celo Foundation
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 its new Chief Security Officer, according to the team: “With this addition, the Botanix Labs team is uniquely positioned to develop an industry-leading infrastructure that securely scales native Bitcoin financial instruments. Ron Stoner brings extensive experience designing and testing Bitcoin-based networks on blockchain 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 computing RPC infrastructure, is expanding into AI inference services, according to the team: “The network’s open source, permissionless design 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 researchers to AI to spread work and generate revenue without maintaining infrastructure. This aims to decentralize AI, competing with 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,” it raised $6.3 million in a seed round with participation from key investors, such as Flowdesk, GCR and DeWhales, according to the team: “This brings the protocol’s total funding 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 goals is to enable the development of new products like 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 trade 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 fees by up to 90%, and marks a significant step in optimizing BNB Chain’s data storage and processing capabilities. This cost reduction improves overall efficiency of the ecosystem, positioning BNB Chain as one of the most cost-effective platforms for developers and users. The opBNB scaling solution, which already boasts some of the lowest transaction costs in the industry, will see further reductions to around $0.0001, benefiting users. L2 operating on BSC.”