This week is critical for crypto, with the first rate cut since 2020 scheduled for Wednesday. According to crypto analyst Miles Deutscher, several altcoins are primed for explosive growth, depending on how the market reacts. Analyst has shared his top five tokens to watch closely, focusing on technical setups and fundamental factors.
ZKsync announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) on September 16.
CCIP has officially launched on ZKsync Era mainnet, marking a pivotal milestone for the Layer 2 scaling solution.
TL;DR Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on the ZKsync Era mainnet, marking a crucial advance in cross-chain interoperability. This integration with ZKsync, a Layer 2 scaling solution that uses zero-knowledge (ZK) proofs, enhances security, privacy, and scalability on the Ethereum network.
Decentralized oracle network Chainlink has expanded its cross-chain interoperability protocol to zero-knowledge proofs platform ZKsync. Chainlink (LINK) announced on Sept.
The integration of Chainlink CCIP on ZKsync Era Mainnet enhances cross-chain capabilities, fostering broader blockchain adoption in traditional finance. The post Chainlink CCIP goes live on ZKsync Era Mainnet appeared first on Crypto Briefing.
Chainlink's CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.
CARV, a leading name in modular data solutions for gaming and AI, has announced an exciting partnership with LayerZero, a technology firm specializing in cross-chain data mobility.
Starknet, a Layer 2 scaling solution for Ethereum, is making major strides in its governance. In a recent community vote, Starknet's users approved a dynamic staking mechanism designed to control inflation of the STRK token.
Here is how some of your favorite assets concluded the week.
Since the Ethereum Foundation proposed ZK-Rollups as one of the most efficient ways to scale Ethereum, this technology has become extremely popular and has managed to revolutionize the blockchain ecosystem.
The recent vote within the Starknet community has given the green light to a new staking feature, known as “SNIP 18.” This proposal, developed by core team member StarkWare, received broad support, with 98.94% of voters endorsing it through Snapshot's decentralized Snapshot X platform.
Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.
Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKSync because it still operates like a multisig system despite claims of community-led governance.
Ethereum layer-2 scaling solution zkSync has officially launched its ZKSync governance system, enabling community members to contribute directly to the protocol's development.
Users holding over 20,000 STRK will soon have access to a new staking mechanism for the token following a near-unanimous vote.
TL;DR Starknet to Introduce Staking: Starknet will launch staking for its STRK token after the SNIP 18 proposal was overwhelmingly approved by the community. Community Support: The proposal saw 98.94% approval, highlighting strong community backing for decentralization efforts.
Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.
ZKsync officially launched its decentralized governance model in a post explaining how it works, what it is and the principles on which it is built. According to the Ethereum Layer 2 protocol, the newly launched governance system is decentralized and includes smart contracts.
TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security.
Treasure DAO will vote to decide whether to migrate its Web3 gaming from Arbitrum to ZKsync. Karel Vuong noted that ZKsync's technology better fits Treasure's decentralized gaming.
The approved staking mechanism for STRK token could significantly enhance community participation and drive the network towards full decentralization. The post Starknet community greenlights staking mechanism for STRK token appeared first on Crypto Briefing.
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network.
The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.
ZKsync's governance model is based on the principles of resilience, decentralization, and alignment with its mission.
ZKsync has officially launched its governance model, which includes smart contracts that are now active on the mainnet.
Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.
TL;DR WBTC Native Expansion: BitGo Launches Wrapped Bitcoin on Avalanche and BNB Chain Using LayerZero's Omnichain Fungible Token Standard. Decentralized Verifier Network: WBTC will feature a 1-of-2-of-3 setup, with BitGo as the primary verifier and LayerZero Labs and Polyhedra as optional verifiers.
Matter Labs has hired Meghan Hughes, the former VP of Marketing at the Solana Foundation, as its new chief marketing officer.
LayerZero has been selected as the interoperability provider for BitGo's Wrapped Bitcoin (WBTC) to enhance its cross-chain capabilities. LayerZero's choice highlights the chain's growing influence in the blockchain space and it has caused its native token, ZRO, to rebound from a crucial support level in its price chart.
BitGo has selected LayerZero as the digital asset custody provider's official interoperability provider for the Wrapped Bitcoin token. On Sept.
With LayerZero as its official interoperability provider, BitGo is expanding its tokenized wrapped bitcoin (WBTC) product to BNB Chain and Avalanche.
Digital coins flourished today as the crypto market cap reclaimed the $2 trillion level after a 3.18% increase in the past day. While such sentiments catalyzed significant gains in the altcoin space, Starknet (STRK) displayed struggle, losing 2.97% in its daily chart to hover at $0.4137.
Previously, participating in DAOs required paying gas fees for voting, which could sometimes exceed ten dollars. These costs created barriers to participation and made on-chain voting less appealing.
Starknet is set to hold its first on-chain vote on Sept. 10. Hopefully, it will set a precedent for protocols to follow going forward.
Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.
TL;DR Snapshot Labs has launched Snapshot X, an on-chain voting protocol using Starknet's roll-up technology, eliminating gas fees and enhancing security for DAOs. Snapshot X allows users to prove asset ownership on one blockchain without moving them, reducing costs and improving security through storage proofs.
This innovation revolutionizes governance by eliminating gas fees, lowering costs, and enhancing security. Snapshot X is built on Starknet's roll-up technology.
When ZRO first hit the market almost three months ago, it had a price tag of $4.4. Currently, it has recorded only a 23% price dip from launch.
Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.
Snapshot X launched today, introducing a protocol that enables gas-free onchain voting for decentralized autonomous organizations.
Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the primary developer of Starknet, has helped innovate and embraced.
StarkGuardians, the pioneering NFT collection on StarkNet, has launched its new NFT lending and borrowing protocol.
LayerZero's native ZRO token has vastly outperformed the tokens of other projects including ZKsync and Starknet, which were airdropped around the same time.
Here is how some of your favorite assets concluded the week.