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Polygon co-founder Sandeep: New features and tools will be launched to further lower the development threshold and enhance user experience

ChainCatcher live report, Polygon co-founder Sandeep Nailwal delivered a speech titled "The Age of Aggregation" at the TOKEN2049 conference, exploring the current state and future trends of the blockchain industry. Sandeep pointed out that although the blockchain industry has achieved some success, core issues such as scalability and interoperability still need to be addressed. He emphasized that to achieve global adoption of blockchain, it is essential to break the limitations of traditional frameworks and pursue infinite scalability and unified protocols.In his speech, Sandeep introduced Polygon's innovative attempts to solve these problems, particularly how its latest products achieve cross-chain interoperability and security guarantees by adding an additional layer of architecture. This architecture not only unifies liquidity but also allows developers to maintain full control over their projects while enjoying infinite scalability. He mentioned that Polygon's goal is to enable every application to launch its own chain without being isolated, thereby building a true value internet.Sandeep also shared Polygon's optimistic outlook for the future of the blockchain industry and called on developers to actively embrace change and work together to promote the healthy development of the industry. He stated that with continuous technological advancements and the increasingly完善 ecosystem, blockchain will play an important role in a wider range of fields, injecting new vitality into the global economy.Finally, Sandeep revealed new features and tools that Polygon is about to launch, aimed at further lowering the development threshold and enhancing user experience. These innovative initiatives will undoubtedly bring more possibilities and opportunities to the blockchain industry.

Sun Yuchen talks to BitGo CEO: The traditional process of WBTC remains unchanged, focusing on enhancing user experience

ChainCatcher news, TRON founder and Huobi HTX Global Advisory Committee member Justin Sun participated in an X Space hosted by Jupiter co-founder Meow, where he had an in-depth discussion with BitGo CEO Mike Belshe and representatives from BiT Global regarding WBTC-related issues. Justin Sun stated that WBTC holds significant importance and brand value in the cryptocurrency field.Justin Sun mentioned that BiT Global and the new team will cherish the tradition of WBTC and ensure that the existing protocols, minting and burning processes, and transparency remain unchanged. He also emphasized that as builders in the blockchain space, their primary task is to protect the community and users, rather than merely pursuing profits. He stated that the team will invest all resources to focus on enhancing user experience and continue to drive the development of the cryptocurrency industry, ensuring WBTC's influence and security globally.BitGo CEO Mike Belshe also responded to controversial issues related to BiT Global during the conversation. He stated that although BiT Global is relatively new as a custodian, BitGo will still participate in the co-signing of transactions to ensure the legitimacy of the minting and burning processes. Belshe emphasized that trust is the hardest thing to earn in the cryptocurrency space, and the community should trust this new dual-signature arrangement, believing it will bring greater security and transparency to WBTC.

Web3Caff Research releases a report on the chain abstraction track: Discussing whether chain abstraction can become the ultimate milestone in the history of blockchain infrastructure development

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the chain abstraction track. The report points out that chain abstraction is an important concept in blockchain technology, combining the principles of abstraction in computer science with blockchain technology. It not only achieves cross-chain functionality between different blockchains but also addresses issues such as high gas fees, cross-chain transactions, and MEV through technological upgrades and account abstraction.The report further indicates that the development of chain abstraction not only enhances the experience for developers and users but also brings new challenges to the business models of existing protocols and public chains. With the emergence of complex Web3 applications, a trend towards modular functionality is evident, and foundational service protocols face ToB business demands. The implementation of chain abstraction also reduces development costs, allowing more resources to be allocated to optimizing user experience and marketing, thereby promoting the development of multi-service applications. The competitive landscape of public chains is also changing due to chain abstraction. Users may not be able to directly understand the technical differences between different public chains but can perceive the differences through their usage experience. Some public chains enhance user experience by eliminating gas fees and other strategies, actively removing complex experience barriers as a growth strategy.At the same time, the report also reveals the risks and challenges of this mechanism, such as technical complexity, security vulnerabilities, short-term user experience confusion, adjustments in business models, uncertain market acceptance, and increasingly stringent regulatory requirements. These factors need to be managed carefully to ensure long-term success and stable development.

Founder of io.net: The progress of the io.net two-week launch plan has been released, with the addition of a GPU workload verification mechanism and optimization of user experience

ChainCatcher news, Ahmad Shadid, founder and CEO of the Solana ecosystem DePIN protocol io.net, published an article introducing the latest progress of the project's two-week launch plan.Ahmad revealed that io.net has implemented a Proof of Work mechanism on all connected GPUs, conducted every 6 hours, with relevant logs publicly released on GitHub for auditing. The project team will also work on optimizing related interfaces and automation processes after the mainnet launch.In response to user feedback, io.net has optimized the "Total GPU" metric in the Explorer, changing it to "Unverified" to clearly indicate that these GPUs have not yet passed authenticity verification. Additionally, the project team has resolved issues in the Worker onboarding process, so users no longer need to repeatedly restart their servers.To ensure cluster stability and fair reward distribution, io.net has now automatically blacklisted Workers attempting to run other tasks in parallel. Furthermore, the project team has fixed the issue where users applying for specific configuration clusters received GPUs of different models due to mixed deployment of different GPU models by a single node.Ahmad stated that there are still many issues to be resolved and improved before the mainnet launch, and the CTO is compiling a public list of issues to be released this week. Current priorities include: publishing the points accumulated by Workers from March 1 to April 25; fixing the payment system issues for Worker withdrawals; open-sourcing the binaries used for Proof of Work; fixing false malware flags when running the new client; and updating the Worker client to reflect its verification status.
2024-05-01

dYdX releases 2024 roadmap, focusing on permissionless markets, core trading improvements, and user experience upgrades

ChainCatcher news, decentralized derivatives exchange dYdX has released its 2024 roadmap: the dYdX team will focus on three main areas: permissionless markets, core trading improvements, and user experience / onboarding upgrades.Regarding permissionless markets, the ultimate state should require dYdX to have: 1. instant + permissionless market listing functionality, allowing anyone to launch any market; 2. instant liquidity provision through LP Vaults, ensuring ample liquidity for all markets; 3. expanded oracles to enable perpetual contracts for any asset; 4. protocol-level full and isolated margin to strengthen risk control.Regarding core trading improvements, in the first half of 2024, dYdX will focus on improving the following aspects of its core trading software: 1. enhancing the reliability and infrastructure of the exchange software; 2. adding trading features to help traders execute trades quickly and accurately; 3. adding support for additional clients in languages such as C++, Rust, and Go.Regarding user experience upgrades, its software goals revolve around: 1. making registration easier by increasing the number of entry options and creating more connection methods; 2. improving the usability of the exchange by better presenting and reminding important information; 3. integrating social elements into the exchange software.
2024-02-05
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