ChainCatcher news, according to CryptoSlate, American billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using Project Liberty's Decentralized Social Network Protocol (DSNP).In a press statement, McCourt emphasized that the bid aims to empower users by migrating TikTok to an open-source protocol. This move is intended to restore control over digital identity and data, giving Americans a significant voice and stake in the future of the network. McCourt plans to rebuild TikTok with DSNP, utilizing the Polkadot parachain social platform Frequency.

ChainCatcher news, according to The Defiant, the new CEO of the Polkadot development organization Web3 Foundation, Fabian Gompf, stated in an interview that Polkadot is about to undergo a significant transformation. Polkadot will soon abandon the parachain slot auctions and adopt a new mechanism that allows application developers to rent block space as needed.

ChainCatcher news, according to official information, the CLV team has decided to retain and renew the parachain lease on the Polkadot network. CLV initially planned to migrate to the Binance Smart Chain after the lease with Polkadot ended.In addition, CLV stated that it is currently developing a comprehensive reward program to express gratitude and compensate users for any inconvenience caused by the suspension during the migration process.

ChainCatcher message, Gavin Wood and Joe Petrowski from the Web3 Foundation initiated RFC-32, proposing to migrate the logic of multiple subsystems from the relay chain to "system parachains." These "system chains" will form the entire Polkadot network alongside the relay chain. If the state transitions of the relay chain can occur on the parachains, it will free up some resources; the portion of validator resources originally used for relay chain state transitions can be repurposed, thus providing more core time for the network, i.e., more block space. It is reported that the identity, staking, and governance systems will be the first to migrate to the system parachains.

ChainCatcher news, according to The Block, core developers of Polkadot are seeking to expand the current limit of parallel chains in the ecosystem to 100, with the goal of eventually adding 1,000 parallel chains after a planned software update called "asynchronous support."Asynchronous support represents a significant enhancement to the Polkadot parallel chain consensus protocol. This update aims to reduce the block time for parallel chains from 12 seconds to 6 seconds and increase the block space per block by 5-10 times.Polkadot's main contributor, Parity Technologies, stated at the sub0 developer conference in Lisbon that the version of asynchronous support will be deployed to Polkadot's Rococo testnet in about two weeks. The timeline for the mainnet release remains tentative.

ChainCatcher news, Gavin Wood stated at the Polkadot Decoded conference that Polkadot may cancel parachain auctions and shift to an application-centric model. He proposed a new perspective on Polkadot: no longer limited to the original parachains and relay chains, but focusing on the more fundamental resources required by blockchains—core computing (cores), viewing Polkadot as a multi-core computer. The time on these cores is referred to as "Core Time," which can be sold periodically.Gavin explained that Polkadot's goal is not just about chains, but about space, about the underlying resources required by chains. He emphasized that Polkadot is a platform for builders to create applications and for users to use applications. Essentially, it is not a platform for hosting blockchains. Chains are just one of the ways to make Polkadot useful, but they may not be the only way. Overall, Polkadot is a resilient, versatile, continuous computing provider. (source link)

ChainCatcher news, Polkadot announced yesterday at Consensus 2023 that the social network MeWe, with 20 million users, will integrate with Polkadot's parachain Frequency blockchain network. The announcement added that the company will begin transferring its user accounts to the network this quarter.It is reported that MeWe was launched in 2012, claiming to be a "Facebook alternative" with better privacy protection. After Twitter banned Trump's social account, some users began to migrate to MeWe. Frequency was launched as a Polkadot parachain last November. (CoinDesk)

ChainCatcher news, the NFT ecosystem Moonsama wins the 42nd round of Polkadot parachain slot auction.Moonsama aims to unlock the potential of NFTs as truly practical elements in the Web3 space by developing infrastructure and practical solutions to accelerate the market entry of NFT-driven applications. (source link)

ChainCatcher news, Hashed Network wins the 40th round of Polkadot parachain slot auction. Hashed Network focuses on supporting flexible spending policies, native Bitcoin, and real-time proof of reserves for multi-signature digital asset vaults. (Source link)

ChainCatcher news, according to the official Polkadot announcement, Aleph Zero has won the 38th round of the Polkadot parachain slot auction.Aleph Zero is a Layer 1 privacy-enhanced blockchain based on the AlephBFT consensus, featuring scalability, low transaction fees, and developer friendliness. The AlephBFT consensus utilizes a directed acyclic graph architecture as an intermediate data structure to quickly achieve finality. (Source link)

ChainCatcher news, a researcher named pwning.eth from Immunefi reported a serious vulnerability called Frontier in June. This vulnerability could be exploited to steal up to $200 million from three Polkadot parachains (Moonbeam, Astar Network, and Acala).After the vulnerability was reported, the team has fixed it, and no funds were lost. Moonbeam and Astar have active bug bounty programs with Immunefi, rewarding white hat hackers with $1 million through Immunefi. (source link)

ChainCatcher news, according to the official Twitter, Polkadot has released its 2022 annual review. As of now, the Polkadot ecosystem has 74 parachains, with over 300 Dapps, covering more than 550 projects and 2,500 monthly active developers.After the launch of secure cross-chain interoperability XCM (Cross-Consensus Message), over 350,000 XCM transfers have been sent so far. Substrate underwent nearly 1,000 non-fork upgrades in 2022, including 15 upgrades on the Polkadot blockchain.In addition, Polkadot has integrated Tether and USDC and launched the decentralized trading platforms Polkdadex and Equilibrium to support DeFi. The next-generation blockchain governance system OpenGov is expected to go live soon. (source link)

ChainCatcher news, Web3 Foundation member Joe shared the development roadmap for the asset parachain Statemint next year on the Polkadot forum, along with four main functional directions, including support for native parachain assets and bridged assets, next-generation NFT support, support for decentralized trading platforms, and more advanced asset/cross-chain functionalities.It is reported that Statemint is a generic asset chain jointly developed by the Web3 Foundation and Parity Technologies, which allows anyone in the Polkadot ecosystem to deploy various types of digital assets. It mainly consists of two modules: one is the Assets module for handling fungible assets, and the other is the Unique module for managing non-fungible assets (NFT). (Source link)

Chain Catcher news, Donnie, a team member of the NFT project Moonsama based on the Kusama parachain Moonriver, stated on social media that the team plans to collaborate with Aventus to launch an EVM-compatible Polkadot Layer 2 network within two weeks, intending to adopt an NFT-based governance mechanism. (Source link)

Chain Catcher news, Moonbeam Network announced that the native USDT on Polkadot is now available on Moonbeam. The connection between Tether and Moonbeam is achieved through the existing cross-chain integration with the Statemint parachain.Assets based on Statemint (such as USDT) can be transferred to Moonbeam via XCM (the built-in cross-chain messaging feature in Polkadot). On September 23, Tether announced the launch of USDT on Polkadot. (Source link)

Chain Catcher news, Polkadot co-founder Rob Habermeier announced the latest roadmap for Polkadot on the official blog, which includes the deployment of asynchronous support features on Kusama by the end of the year, followed by deployment on the mainnet. This feature can reduce the block time of parachains to 6 seconds, increase the available space per block by 5-10 times, and allow parachain blocks to be "reused" if they do not enter the relay chain on the first attempt. This update is expected to bring the total TPS capacity of the network to between 100,000 and 1,000,000 without affecting the security guarantees made by the network.In addition, Polkadot plans to launch the parachain threads feature in the first or second quarter of 2023, which allows parachains to temporarily participate in Polkadot's security, launching blockchains without participating in auctions and renting dedicated parachain slots. In mid-October 2022, Weights V2 was put into use, introducing the concept of multidimensional weights, which not only measures execution time but also the amount of state accessed by specific operations. A new governance system is set to be deployed on Kusama in early Q4 of this year, embodying the ability of the Polkadot chain's governance mechanism to self-upgrade. There are plans to launch a dispute reduction feature for the staking module by the end of the year, where validators submitting invalid parachain blocks will have their entire token share slashed. (source link)

Chain Catcher news, the real asset tokenization protocol Watr has won the 27th round of Polkadot parachain auctions. It is reported that Watr is a real asset tokenization protocol that can tokenize assets such as carbon credits, agricultural commodities, metals, and energy, and supports financing and trading, among other functions.

Chain Catcher news, the Polkadot ecosystem smart contract platform Moonbeam announced on Twitter that its network transaction count has surpassed 10 million, currently hosting over 200 projects, 298k+ wallets, and 2.5k+ ERC-20 tokens, making it one of the most active parachains in the Polkadot ecosystem. (Source link)