Evmos plans to stop supporting Cosmos transactions and focus on EVM-based transactions
Layer1 blockchain Evmos' core team plans to stop supporting Cosmos transactions and instead focus on transactions based on the Ethereum EVM. This means that the core network will only support wallets and tools based on Ethereum, not wallets and tools designed for Cosmos. The transition to a single transaction format is expected to simplify the development workflow and improve the efficiency of Ethereum wallets on the network. Evmos announced a phased cessation of Cosmos transactions, with the goal of completing it fully in the third quarter of 2024. (The Block)
Vitalik Buterin Proposes Asset/Keystore Separation to Enhance Ethereum's Cross-Layer Interoperability
June 21 (Cointime) - Vitalik Buterin, co-founder of Ethereum, has written an article discussing the technical challenges of improving interoperability between Ethereum Layer 1 and Layer 2 solutions.
Odsy Network Raises $7.5M to Develop Decentralized Crypto Wallets
Odsy Network, a layer 1 blockchain, has raised $7.5 million in funding to develop decentralized crypto wallets. The funding round was led by Blockchange Ventures and valued the firm at $250 million. The goal of Odsy Foundation, based in Zug, Switzerland, is to decentralize access control in Web3 and remove the obstacle of needing multiple wallets to access different networks and applications. Odsy's decentralized wallets (dWallets) are designed to provide access to different Web3 protocols and platforms through transferable signing mechanisms on the Odsy Network with the ability to sign transactions on practically any other blockchain.
The Intricacies of Blockchain State — Impacting an Ecosystem
The word blockchain carries a lot of weight today, whether it be on Twitter with influencer shilling or the media calling for regulation.
Sui Network to Issue Token Following Exchange Sale
The native token of layer1 blockchain Sui, SUI, will be released once the mainnet goes live on May 3, following token sales on crypto exchanges Bybit, OKX, and Kucoin. Each exchange offered 225 million tokens with a maximum allocation of 10,000 per user, sold for $0.10 each. Sui's blockchain was created by former Meta employees using a programming language called Move, and the first project on the Sui mainnet will be Suiswap, a decentralized exchange and liquidity staking protocol. Sui Network developers, Mysten Labs, signed a deal with Alibaba Cloud to offer its node services and cloud infrastructure to improve user experience.
Crypto Evening Briefing: Ethereum Gas Fee Jumped Due to Memecoin Frenzy With Mixed Comments on Network Usability
Ethereum's gas fees have reached a new multi-month high due to a growing memecoin frenzy, resulting in a surge in daily revenue for the network.
Berachain Raises $42 Million to Launch Yet Another Layer 1 Blockchain
Bear-themed crypto project Berachain, run by pseudonymous co-founders Homme Bera, Dev Bear, Papa Bear and Smokey the Bera, has raised $42m to launch a new Layer 1 blockchain. Polychain Capital led the funding, with Hack VC, Shima Capital, Robot Ventures, Goldentree Asset Management and others participating. Berachain has a tri-token system and aims to allow users to stake tokens while providing liquidity to DeFi protocols simultaneously. The network is being built on the Cosmos SDK, using a "proof of liquidity" consensus mechanism, and will be compatible with the Ethereum Virtual Machine (EVM). Berachain is expected to release a public incentivized testnet in the coming weeks and potentially a mainnet later this year.
Web3 Interoperability Highlighted in Radix – LayerZero Partnership
Layer-1 protocol Radix has partnered with interoperability protocol LayerZero to integrate LayerZero into the Radix Babylon public network, enabling cross-chain communication and asset transfers. Web3 interoperability allows different decentralized applications and blockchain networks to communicate with each other, increasing functionality, liquidity sharing, and security. The integration is set to launch in the second half of 2023 and is expected to benefit the users of both platforms. Radix Foundation Director Piers Ridyard expressed enthusiasm about the integration, stating that it will showcase the potential of cross-chain interoperability and contribute to a more decentralized Web3 ecosystem.
Crypto Evening Briefing: Blockchain Funding in Africa Jumped 5x in 2022
Despite the challenges of 2022, the African continent's blockchain community has continued to attract significant investments, with blockchain venture funding increasing five-fold on a yearly level.
OKX Wallet and Sui Have Established a Partnership
OKX Wallet, DEX, and NFT Marketplace have supported Sui mainnet as the first multi-chain wallet in the web3 industry.
