The $KSM parachain auction is on the verge now & all is looking forward to seeing it. The preparation for the parachain rollout has come to the final steps. Despite the fact that the market is in a correction phase, DOT's projects are still busy preparing for the auction on KSM
Last week, the ecosystem has welcomed a lot of good news from different projects including the launching of new canary network & product, the closing of financing round.
Let’s together summarize severals highlights of last week and wait for more new updates in the near future.
1/@current - a leading U.S. financial technology company has partnered with @AcalaNetwork . The partnership has brought Hybrid Finance (HyFi) combining both traditional and decentralized financial applications.
7/ @hydra_dx introducing Basilisk - their sister network.
Basilisk allows Liquidity Bootstrapping for the Omnipool.
Basilisk will go for a Kusama network Parachain Slot and will have its own $BSX token."
9/ @PhalaNetwork added a new dashboard for the Khala launch process on Github.
Khala Network has already registered the 4th Kusama parachain (2004) successfully!
12/ @SubsocialChain just revealed that they have successfully upgraded the Subsocial's RPC and archive nodes at a block #4,074,347. The update has changed their token symbol from $SMN to $SUB and their token decimals from 12 to 11.
15/ @centrifuge has just introduced its Kusama Parachain: Altair. This is a chain built for risk-takers and innovators daring to push the limits of DeFi.
1/Speaking at #Consensus2021, @gavofyork expresses that currently, EVM is still very popular for most of blockchain developers & @Polkadot will always be ready to support EVM. However, he also emphasizes that for the long term, WebAssembly will be a smart contract replacing EVM.
2/“I can’t deny that a lot of people are already using EVM, so it’s super important to support these legacy protocols, these legacy languages, and that’s what we’re doing with Polkadot,” Wood said in a pre-recorded interview. coindesk.com/events/consens…
3/Dr. Wood pointed out: “It’s foolish to just throw those away. But it’s not foolish to start thinking about where the next thing is, and that for me is using WebAssembly as smart contracts.”
Introducing @DarwiniaNetwork Crab
1/Crab Network is the canary network of Darwinia, and is the first blockchain in the @kusamanetwork ecosystem to natively support cross-chain as well as smart contract & NFT. Crab intends to participate in the Kusama Parachain Slot Auctions.
2/Crab Network will have all the core technologies that Darwinia Network have and also it will be a place to test out new cool features and if these new features are stable enough then it will be applied to Darwinia Network on the @Polkadot ecosystem.
2-2/Features that Crab Network will have:
- Cross-chain Interoperability
- Evolution Land
- Smart Contract Solution
- Faster and Easier User Experience
#6 Khala Network ($K-PHA) is the @PhalaNetwork pre-mainnet on $KSM, which is a privacy-preserving cloud computing service and runs as a parachain on @kusamanetwork.
1/Khala offers computing power comparable to existing cloud services but which protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside TEE Enclaves in CPUs.
2/Khala can apply new tech & test out their performance and stability to see if they are worth applying on the Polkadot.Khala will utilize all of the core underlying tech stack such as: TEE Mining, Gatekeepers, Governance Module... & these features are continuously innovating.
Moonriver is the Kusama Implementation of the Moonbeam. It is like a place to test & deploy new technologies to see if it is stable enough to be deployed on the Moonbeam parachain on Polkadot
2/ Earlier Launch, Earlier Access
Since Kusama will enable parachain functionality in the first half of 2021, the Moonriver network will be able to deploy as a parachain before Moonbeam deploys to Polkadot.
2-2/That means developers will have earlier access to Moonriver to start building, experimenting & launching, & other participants will be able to access DApps & assets on that chain.
Moonriver's features:
- Complete Ethereum Compatibility
- Blockchain runtime
- Unified Accounts
1/On May 19, @Kiltprotocol announced the launching of @social_kyc - a decentralised identity verification service.
With SocialKYC, users can manage, store & present their real-world credentials, as well as choose the elements of private information accessed by online services.
3/SocialKYC aims to verify user’s internet identity by providing control of their social accounts (@LinkedIn@Twitter@tiktok_us@discord@github ...), email address or phone number. Once the credential is issued, the user's personal data will not be stored, siloed or shared.
1/Shiden Network is a canary network that acts as an R&D chain of @Plasm_Network. PLM token holders can claim SDN tokens, the native token of Shiden at a 1:1 ratio. Shiden will act as a multi-chain Dapp layer on @kusamanetwork
1-2/Kusama Relaychain does not support smart contract functionality by design. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more.
2/ What Makes Shiden Unique?
Some core features of Shiden that make it unique:
- Multi Chain
- Basic Income for Developers
- Multi Virtual Machine
Also, Shiden Network will have all features that Plasm have such as:
- Operator Trading
- Lockdrop
- Modules