Amazing Solana News, ICON Updates, Polygon x Mina Collaboration and more…
Another week, another newsletter filled with the latest info about the PoS Blockchain market, this week; we’re discussing:
- ICON Foundation Announced: Migration to ICON 2.0 Nearing Completion
- SKALE Represents At One Of The Biggest Ethereum Hackathons of 2021
- Interchain Security Is Coming To The Cosmos Hub!
- Solana Has Become The World’s 7th Biggest Crypto Asset
- Polygon Matic Announces Upcoming Hackathon
- StaFi Mainnet Chain 1st Anniversary
- Polygon x Mina Partnership Announcement
- ICON Ready For Launch of New EVM & eWASM-Compatible Blockchain: ICE
- Lido Finance Now Supports Solana $SOL!
Migration To ICON 2.0 Nearing Completion
In a recently published roadmap update, the ICON Foundation announced that the long-awaited ICON 2.0 migration is nearing completion. As of the 31st of August 2021, the block import test run is at 100%. That is a massive milestone for the network and sets the entire migration process on a path to take place shortly. Furthermore, the foundation announced that starting the 1st of September 2021, the developers have begun the next phase of the block import process and perform additional testing. For all info, check the roadmap here.
SKALE Represents At One Of The Biggest Ethereum Hackathons of 2021
On the 31st of August, SKALE announced that they’re excited to help hackers with mentors, swag, and of course, $12000 in SKL bounties as the only Multichain Ethereum Native Solution. One of the biggest Ethereum Hackathons of 2021 is only one more week away, and with the help of SKALE, hackers will be able to build the next generation of DApps on the SKALE Network. For all info and how to join, click here.
Interchain Security Is Coming To The Cosmos Hub
Recently, Cosmos announced that Interchain Security would be coming to the Cosmos Hub. Interchain Security lets Cosmos stay true to its sovereignty and open-source philosophy and enables blockchains to integrate economically but not politically. The project is ambitious, but development is well underway, with early estimates that Cosmos Hub testnets could be tested in Q4 2021. For further information, have a look at the Cosmos blog.
Solana Has Become The Worlds’ Seventh Biggest Crypto Asset
On the 9th of September, CNBC announced that Solana had become the world’s seventh biggest cryptocurrency after a surge of 50% in one week. In addition, the Solana network has just reached the seventh point among the ten most prominent digital currencies in the world, the expulsion of dogecoin, with the optimism that the blockchain may be a long-term competitor of Ethereum. According to CoinGecko, the SOL token of Solana has tripled over three weeks and now has a market value of over $45 trillion.
Polygon Matic Announces Upcoming Hackathon
On September 1st, Polygon Matic announced the upcoming Polygon Grants Hackathon, backed by a line-up of fantastic sponsors and ecosystem partners with rewards worth $100k! For anyone interested in joining, you can do so via the link in the Tweet below.
StaFi Mainnet Chain 1st Anniversary
On the 7th of September 2021, StaFi Mainnet Chain celebrated its first anniversary. As StaFi Validators, Stakin feels very proud to be a part of this ever-expanding, ever-developing ecosystem. We hope for even bigger things in the future!
Polygon x Mina Partnership Announcement
On the 10th of September 2021, Mina Protocol and Polygon announced that they would be working together to bring enhanced scalability, privacy, and verifiability to the DeFi economy. This integration of Polygon utilizing Mina enables use cases, such as:
- DeFi platforms to pull in user information privately and securely to meet KYC requirements or any other such requirements
- NFT builders to keep ownership data private, and
- Social Media dapps to verify that users are real people without requiring them to share PII.
For the full announcement, click here.
ICON Ready For Launch of New EVM & eWASM-Compatible Blockchain: ICE
Recently, ICON announced the arrival of a brand new project coming to their ecosystem: The ICE Blockchain. This new blockchain, dubbed ICE, will usher in a new application hub for the ICON ecosystem. When finished, ICE will provide developers with improved tooling, EVM and eWASM compatibility, and immediate access to the growing ETH and Polkadot ecosystems. It also marks a shift towards the ICON project through a separation of functionality, product focus, and the goal of each network. ICE will become the ecosystem’s application hub while we redouble our efforts to make ICON the industry’s top interoperability and cross-chain standard.
Lido Finance Now Supports Solana $SOL!
Lido Finance, a liquid staking protocol currently supporting Ethereum 2.0 and Terra, has expanded to Solana $SOL. Thus, users of Lido can now stake Solana’s native $SOL token through the protocol and receive stSOL in return. For more information about Lido, please click here. That said, Lido also plans to launch a staking solution for the Polkadot and Polygon blockchains. Furthermore, the project said development teams MixBytes and Shard Labs are working for the Lido DAO to bring staking services for DOT and MATIC tokens, respectively.
KILT Network Launch!
Ladies, Gentlemen, Unicorns, and other blockchain enthusiasts, it is with great pleasure that we announce to you that KILT Protocol is now live and that Stakin has been selected as the first validator to join the network. Thus, we will be offering staking services for KILT soon, so keep an eye out if you are interested.
The KILT Protocol is a simple protocol for creating, claiming, issuing, presenting, and verifying digital credentials for those who are unaware. In contrast to peer-to-peer solutions for this, KILT features self-sovereign data and revocable credentials using blockchain technology. KILT was built to be a business enabler, not only for the software industry but also for any entity, which has or wishes to establish a business model based on trust.
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.