Smart Contracts

Decentralized Starknet to Introduce Staking Mechanism

Tuesday. August 20 at 9:00 PM

1 min. read

Starknet, a decentralized layer-2 scaling solution on Ethereum, is preparing for its inaugural staking vote on the mainnet for STRK tokenholders. The vote, scheduled for September, aims to implement a staking system to enhance network decentralization and functionality. While the staking launch date is pending, it is anticipated to occur in October post-vote results. The vote will focus on two key aspects: the minted mechanism for token creation and distribution, and the protocol for adjusting minting parameters to ensure sustainability. The voting process includes a test phase from Sept. 2–4 on the testnet, followed by the official vote from Sept. 9–13 on the mainnet. With community support for the Starknet improvement proposal, staking is projected to commence in October. Stakers will gradually gain more responsibilities and rewards based on their performance, as outlined by StarWare CEO Eli Ben-Sasson.

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Building a Successful Crypto Company: Insights from Dominic Williams

Thursday. September 12 at 7:00 AM

Dominic Williams, the founder of DFINITY, shares his journey of creating the Internet Computer and offers valuable advice for entrepreneurs in the crypto industry. Transitioning from simpler tech projects to blockchain posed new challenges, requiring a fresh approach to consensus mechanisms and security. Williams emphasizes the importance of securing early-stage funding by articulating the project's technical feasibility and transformative potential. He advises entrepreneurs to deeply understand and communicate their vision while building a capable team. Proactive engagement with regulatory bodies and a focus on compliance are crucial for navigating the regulatory landscape. Williams stresses the significance of continuous R&D and innovation in addressing real-world problems. By focusing on scalable architectures and embracing emerging trends like decentralized AI, entrepreneurs can make a lasting impact in the blockchain space.

Smart Contracts

Enhancing DApp Development with Arbitrum Stylus

Wednesday. September 4 at 1:00 AM

Offchain Labs, the original developer of Arbitrum blockchain and Stylus, has launched Arbitrum Stylus mainnet, a backward-compatible virtual machine aimed at simplifying decentralized app (DApp) development for Web3. Stylus enables developers of varying coding skills to create on Arbitrum using familiar WebAssembly (WASM)-compatible languages, fostering the creation of powerful Web3 applications with low gas fees. Ed Felten, co-founder of Offchain Labs, highlighted how Stylus merges EVM and traditional programming languages like Rust, C, and C++, offering multi-language support to encourage developers to leverage the most suitable tools. Stylus programs have shown superior performance compared to EVM-based programs, enabling more transactions within the gas limit and reducing costs. Offchain Labs plans to integrate protocols like ZK-proofs into Arbitrum to enhance efficiency and reduce costs, paving the way for advanced DeFi applications in the future.

Smart Contracts

Ripple Introduces Smart Contracts to XRP Ledger Developer Ecosystem

Tuesday. September 3 at 2:30 PM

Ripple has revealed plans to incorporate smart contracts into the XRP Ledger (XRPL) developer ecosystem, aiming to offer a wide range of benefits for users, builders, and entrepreneurs. The introduction of smart contracts is expected to enhance XRPL's capabilities and attract developers to explore its expanded features. The feature is scheduled to launch in the XRPL Ethereum Virtual Machine (EVM) sidechain in the near future, with potential availability on the XRPL mainnet. While still in the research phase, Ripple is seeking input from the community and collaborating with DeFi developers to optimize the design specifics. By partnering with blockchain firm Peersyst, Ripple aims to increase the appeal of XRPL to developers and accelerate the integration of smart contracts into the mainnet by 2025.

Smart Contracts

Reshaping Modern Computation with Buterin's 'Glue and Coprocessor' Model

Tuesday. September 3 at 12:30 AM

Ethereum co-founder Vitalik Buterin proposed the adoption of a new computational model called 'glue and coprocessor architecture' to enhance efficiency and security in technology. This model divides tasks into a flexible 'glue' component and specialized 'coprocessors,' optimizing performance by offloading intensive tasks to dedicated hardware. Buterin illustrated how this architecture could benefit Ethereum's Virtual Machine (EVM), AI, and cryptography, improving efficiency without compromising versatility. By separating computations between general logic and specialized modules, developers can enhance performance and security in various fields. The adoption of this model is expected to democratize technology innovation, fostering collaboration and leading to more efficient and secure computing solutions. With Buterin's endorsement, the 'glue and coprocessor' architecture is poised to revolutionize modern computation, offering a new path for technological advancement.

Smart Contracts