Hey Readers👩💻,
Key Highlights:
- We’re part of the liveness reward winners of Cosmos GOZ Phase 1!
- Stakin joined the SKALE Network!!
- Polkadot Mainnet Launch
- ICON BTP 1.0 Launch!
- ICON P-Rep Meeting
- AVA Launches Final Incentivized Testnet
- Near Protocol
- Celo Mainnet is here!
🔥 Stakin is Part of The Liveness Reward Winners of Comos GOZ Phase 1!!
On May 29th, Cosmos GOZ announced the winners of the Liveness Rewards, and we’re happy to announce that we as Stakin were amongst them!
Moreover, they’ve also announced the winners for Phase 1a and 1b. The winners for Phase 1a are ResponsibleChain, Atomic Bombers, IRISnet, and Sentinel. The winner of Phase 1b is the Kiracore team. We congratulate all winners and are excited about the results of the next phase.
Phase 2 of Game of Zones started Monday, May 25th, and ended on Friday, May 28th at 6:59 am UTC. The primary focus of this phase 2 was throughput. Meaning whoever relays the most packets on the GoZ Hub and Game of Zones Network will be the winner.
Phase 3 started on June 1st and has ended last Saturday, the 6th of June at 6:59 am UTC. The goal for this last phase was, to stress test the security model of IBC, and the winner will be the team that executes the best confusion or deception attacks against other zones. We’re excited to see who will be announced as the winners.
🏎 Stakin Joined the SKALE Network!!
We’re honored to announce that Stakin has joined the SKALE Network Testnet. For those who are still unfamiliar with the protocol. The SKALE Network is an “elastic” blockchain network that is created to be interoperable with Ethereum. The goal of the network is to resolve the technical scalability, user experience, and cost issues associated with a decentralized network. You can check out their introduction video here.
Furthermore, Stakin is selected as a member of Skale Lab’s Alpine Team Validators. We’re excited to be helping to build out the network and optimize the crypto-economics.
🟣 Polkadot Mainnet Launch
On May 26th the Web3 Foundation launched the Polkadot Mainnet. The Polkadot sharded protocol that allows decentralized blockchain networks to operate together, seamlessly and at scale. Polkadot is a global network of interoperable chains, also known as a sharded blockchain. That means it connects several chains to create a unified network for blockchain to process in parallel and exchange data with reliable security between chains.
Using Polkadot, you’re able to communicate with other existing chains that have been ported on the Polkadot layer. You can also create new chains and can send transactions as well as messages to each other.
- Read our article, for more information about the network.
🧑🚀 ICON BTP 1.0 Interoperability is Realized!
Recently, the ICON BTP 1.0 launch was announced. The ICON Network’s goal is to “hyper connect the world” through blockchain technology. And with doing so, the concept of interoperability arizes. This is where the Blockchain Transmission Protocol (BTP) comes in. As the ICON Foundation puts it: “To realize blockchain’s full potential, we want distinct protocols to have compatible ways to interact and communicate with each other, and the ability to interoperate at the protocol level.”. Which is why they have developed BTP. You can check the demo here, or read our complete article.
🚀 ICON P-Rep Meeting
The latest P-Rep Meeting took place on the 29th of May, discussing the contribution proposal system paper, the P-Rep commission rates, and the IISS implementation. The turnout was great. Furthermore, during this meeting, all P-Reps agreed to bring their i-Rep down to 14,000 in the recommendation of the ICON Foundations guidelines. At Stakin we’ve taken it one step further by setting it to 13,600. If you’d like to see the full discussion, you can check out the video below.
🥳 AVA Launches Final Incentivized Testnet
On May 29th, AVA Labs announced the launch of Denali Incentivized Testnet, the final phase of testing before AVA’s mainnet launch, and a global community effort to test the network in the most realistic conditions. AVA is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
Participants can earn up to 2,000 in AVA Tokens by launching a node, participating in a planned network upgrade, and maintaining your node on the Denali testnet. With the launch of this Testnet, they’re one step closer to building the internet of finance.
🐵 NEAR Protocol
NEAR announced the limited launch of its mainnet Horowitz on May 4th. NEAR is a decentralized storage and computing platform that makes it possible to manage high-value assets like money or identity because it is highly secure. Moreover, it is performant enough to make those assets useful for everyday people, giving them the power of the Open Web.
🤩 Celo Mainnet is here!
We’re excited to let you know that Celo has launched its Mainnet on May 18th. The platform is developed based on building a monetary system that creates the conditions of prosperity for everyone. With the launch, the Celo Network’s native Celo Gold digital assets are now transferable on-chain.
What’s interesting is to note that there has been some debate about potentially renaming “Celo Gold” to “Celo”. The Celo Governance proposal to change the name is mostly based on Celo Gold not actually being pegged to any gold. Meaning it would be a bit misleading. Moreover, many stakeholders found that there is simply no need for a two-part name. The matter is currently still under discussion. You can check the proposal here.
Interested in getting to know more about Celo, click here.
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.
