AXELAR ANNOUNCED AS EXCLUSIVE BRIDGE FOR RIPPLE’S UPCOMING EVM SIDECHAIN - Ripple, the company behind the $XRP token, has not only revealed the name of its upcoming sidechain as the 'XRPL EVM sidechain', but also shared that Axelar Network will serve as an exclusive bridge for the network. - Axelar will facilitate the bridged-creation of eXRP, which will function as the new sidechain’s own gas token. - Axelar will also allow for other assets minted on XRPL to be bridged to the new EVM network “as well as from more than 55 blockchains in the Axelar network”. “Axelar’s experience in cross-chain bridge technology is recognized throughout the industry, having managed integrations ranging from Uniswap to Microsoft. Partnering with Axelar leverages their proven expertise and related sidechain benefits while providing a secure and efficient bridge for users.” … reads an official blog post. - Interestingly, this means that Ripple is moving away from its XLS-38 bridge, which it described as “arduous” compared to the new solution. “The current process of transferring new tokens via XLS-38 is arduous. Using two different bridges… complicates the user journey. By consolidating to a single bridge, the process becomes simplified, making it more intuitive and user-friendly.” Image: Business Wire
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Sei Foundation proposes version 2 network upgrade to bring EVM compatibility https://lnkd.in/eqCqkD7v
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Unlocking the Future with PillarX: The Power of ERC-7579 Modular Accounts 🌐PillarX leverages the concept of Modular Account Abstraction to provide unprecedented customization for users and developers. Each module extends on-chain functionality for tailored features, simplifying development and enhancing the Web3 experience. 👉Read the full article: https://bit.ly/4avlkFw
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EVM: Powering Ethereum's Smart Contracts! Learn how the EVM operates as a #decentralized computer, managing state changes and making smart contracts possible. 🖥️ https://lnkd.in/gW8UJyv8
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Learning the Lingo: Ethereum Virtual Machine Picture this: You're part of a global network, executing matching instructions across the globe to create and uphold a unified system's state. This is the reality of the Ethereum Virtual Machine (EVM). EVM does more than just follow commands; it democratizes execution. Its unique software design allows anyone to run codes in an environment where trust isn't a necessity—it's guaranteed. Imagine sending a package across the world and having absolute confidence it will arrive intact. That's what EVM does with the execution of smart contracts.
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After months of relentless building and meticulous fine tuning, the first parallelized EVM is here! The implementation of the EVM is crucial as it supports the most robust and active developer ecosystem. It enables the creation of decentralized applications that can scale to support thousands, if not millions, of users, addressing significant bottlenecks in current EVM ecosystems. The successful passage of Proposal 55 marks the launch of Sei v2 Alpha. Validators are upgrading their software, enabling EVM-based contracts and infrastructure integrations on Sei. For more questions about the v2 launch, check out our detailed blog post: https://lnkd.in/dpk68yKm Read the full announcement thread on Twitter: https://lnkd.in/dJ68dQQ6
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LRT - Liquid Restaking Tokens That's all the "hype" right now, with infrastructure players like Eigenlayer, Karak and others. In 2021, Chainlink Platform supported the growth of LSTs, like Lido and Rocket Pool, via services such as price feeds for DeFi protocols to securely interact with these tokens to build financial primitives on top of them. Fast forward now in 2024, Chainlink Platform has expanded to 6 different services, such as Cross Chain Interoperability Protocol (CCIP), Price Feeds, Automation, Data Streams, Functions, and VRF. Liquid staking has also become one of the largest sectors in DeFi, with over $44B in Total Value Locked (TVL). Restaking, and by extension liquid restaking, have also grown at an exponential rate, with restaking representing approximately $14.6B in TVL. Chainlink Platform continues to be a core infrastructure supporting fast growing LRTs, such as Ether.fi, Renzo, Swell, Kelp, Eigenpie, and others. Read the blog below on why Chainlink Platform for data, compute, and cross-chain services is a must-have requirement for both LST/LRT asset issuers and the DeFi protocols that support them. Full blog: https://lnkd.in/gGKBzA7y
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Revolutionizing NFT Storage Solutions: A Guide to Decentralized Storage System with IPFS - Explore how NFT storage solutions are crucial for securing valuable NFTs and discover the various storage options and solutions. - Investigate how IPFS uses a unique addressing system and distributed storage to ensure the integrity and accessibility of NFT data. Get to know more. #NFTstorage #DecentralizedStorage #IPFS
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📢 New Listing Alert! 🎉 Aethir Token (ATH) is Now Available on Uphold! ATH is the native token of Aethir, a project seeking to revolutionize decentralized physical infrastructure networks (DePIN) through its distributed GPU compute infrastructure. 🔍 What is Aethir? Aethir leverages enterprise-grade GPU resources to offer high-performance computing power for AI and gaming industries. Aethir provides affordable, on-demand access to necessary compute capabilities, overcoming traditional geographic and infrastructure constraints. 💡 Key Features: Enterprise Grade: Delivers reliable GPU resources to power demanding applications in startups, SMEs, and large enterprises. Low Latency: Critical for real-time applications such as rendering and cloud gaming, providing a seamless user experience. Affordability: By eliminating data center overheads, Aethir makes high-end GPU resources competitively priced and accessible. Decentralized Ownership: GPU owners control their resources, helping to provide fair compensation and operational flexibility. 🌐 Token Utility: ATH is an integral part of Aethir's ecosystem, facilitating payment for renting GPU resources and enabling users to participate in governance through proposal voting. To learn more, dive into our latest blog: https://lnkd.in/eHGvay2y #Aethir #CloudComputing #Uphold __ Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
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🤝 Welcome to our Partner Spotlight Series! Announcing our latest Tenderize V2 Partner: Kiln! Kiln is redefining the Ethereum staking landscape with their innovative Kiln On-Chain platform. This platform addresses the complexities and challenges of offering non-custodial ETH staking, providing a transparent, secure, and flexible solution for integrators, operators, and stakers. 🚀 Staking with Kiln through Tenderize V2 is a step into the future of Ethereum staking. Kiln On-Chain is an audited suite of smart contracts that allows for fully branded, customizable, non-custodial Ethereum staking. This platform enables integrators to create custom staking solutions and distribute commissions. 🔒 Transparent and Secure Staking Solutions: Kiln On-Chain ensures transparency in fund flow, commission distribution, and reward management, all managed through smart contract logic. The platform offers various staking options, including dedicated validators, validator NFTs, and liquid staking pools, ensuring a secure and non-custodial staking experience. 🌐 Flexibility and Innovation in Staking: Kiln provides a range of staking integration types, allowing integrators to tailor their offerings. Whether it's through dedicated staking, pooled solutions, or the issuance of liquid staking tokens, Kiln offers unparalleled flexibility and innovation in the staking domain. 🔗 Discover more about Kiln's advanced staking solutions and how they can transform your staking strategy by visiting: https://kiln.fi Join us in exploring the cutting-edge and secure staking solutions offered by Kiln with Tenderize V2! 🌟
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