decentralized applications

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock has released an updated framework called ArcBlock Blockchain Platform 1.0. It will assist businesses and developers to quickly manage and build decentralized applications and blockchain networks.

ArcBlock has acknowledged that this innovation was prompted by the feedback from customers and developers, urging for service improvement. One of the primary concerns was the creation of enterprise-grade blockchains, and this will be attained through the new blockchain platform.

ArcBlock’s CEO, Robert Mao, acknowledged, “When we started this project two years ago, we had a vision, and through strong collaboration with our communities, developers, and customers, we have been able to redefine what is possible with blockchain and are fulfilling our vision. We have removed the complexity out of blockchain and allow anyone, anywhere to power their blockchain projects with ArcBlock. I look forward to seeing more products and services powered by ArcBlock in the months and years ahead.”

Customer-facing services guaranteed

GoFun Travel, a prominent Chinese ride-sharing company, is set to adopt the ArcBlock Blockchain Platform 1.0 for customer-facing services and next-generation data.

The platform also gives anyone the power to establish a customized and autonomous blockchain in a short while. Additionally, some of the new features supported include easier upgrades and cross-chain swaps.

The cross-chain services or atomic swaps offered by ArcBlock usually instigate interoperability between blockchains.

The ArcBlock Blockchain Platform 1.0 enables developers to use a scalable cross-chain open protocol. Furthermore, the “Blocklet” design availed makes them create decentralized apps running on public or customized blockchains within minutes.

The framework will also incorporate production-ready capabilities, such as the deployment of blockchain node software into any on-prem, hybrid, or cloud environment. Additionally, it supports some of the current leading programming languages, including Python and JavaScript.

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EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum

The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM mainnet, a significant milestone towards bridging the gap between two major blockchain ecosystems, Ethereum and EOS. The EOS EVM mainnet emulates Ethereum’s Virtual Machine (EVM) and enables developers to deploy decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers.

The ENF team has identified Ethereum’s scalability issues as a challenge for mass-scale DApp deployment, which is why they have launched the EOS EVM mainnet. The team aims to leverage the performance of the EOS Network to address this challenge, while also combining the resources of the Ethereum community. According to Yves La Rose, founder and CEO of the EOS Network Foundation, the launch of EOS EVM paves the way for an interoperable future. He emphasizes that EOS EVM is a significant milestone that represents the network’s commitment to a multi-chain future.

La Rose adds that the EOS EVM mainnet offers developers access to lower fees and faster transactions of the EOS network. This is an important development as the Ethereum network is expecting more adoption after the most recent Shapella upgrade. To keep up with this adoption, projects have been prioritizing the implementation of EVM compatibility within their networks. For example, Astar Network recently launched smart contracts that support two virtual machines, including EVM and the WebAssembly Virtual Machine. This allows for the creation of new multichain applications within their network.

In addition, Polygon’s zkEVM, a zero-knowledge rollup scaling solution, released its beta version on March 27. This technology mimics the transaction execution environment of the Ethereum mainnet, allowing DApps to scale with higher performance. With more and more blockchain projects prioritizing EVM compatibility, it’s clear that the future of interoperability between different blockchains will rely heavily on this technology.

In conclusion, the launch of EOS EVM mainnet is a significant step towards improving interoperability between EOS and Ethereum. By combining the resources of the Ethereum community with the performance of the EOS Network, developers can deploy Solidity-based DApps on a high-performance platform with lower fees and faster transactions. As other projects like Astar Network and Polygon also prioritize EVM compatibility, it’s clear that this technology is becoming an important part of the blockchain ecosystem.

Polygon Co-Founder Proposes zk-Powered ApeChain

On October 11, a proposal titled “AIP Idea: ApeChain – A zk-Powered Polygon Layer-2 to Support ApeCoin Growth” was presented by Sandeep Nailwal, Co-Founder of Polygon Labs, to the ApeCoin DAO community. The proposition entails the creation of a zero-knowledge powered Layer-2 (zk-L2) network, termed “ApeChain,” employing Polygon’s Chain Development Kit (CDK) to bolster ApeCoin ecosystem’s expansion. The endeavor would encompass a dedicated ApeChain constructed and sustained by an Implementation Partner, alongside collaborative efforts with Polygon Labs and a development fund from ApeCoin DAO to nurture the progress of ApeCoin-integrated ventures and ApeChain-related public assets.

The ApeCoin community has recognized the necessity for ApeCoin to transition to its own chain for enhanced scalability, a sentiment echoed by Yuga Labs around 18 months prior. While an ApeCoin-specific chain’s deliberation continues, this proposal steps in to recommend a dedicated ApeChain using Polygon CDK, which facilitates developers in launching their Ethereum-based zk-powered L2 networks effortlessly with a focus on modularity.

ApeChain aims to provide a dedicated, cost-effective, and ultra-premium blockspace for ApeCoin DAO and its members, potentially offering sequencer fees and staking rewards to network validators, thereby addressing the scalability issue. Chains developed using Polygon CDK have witnessed significant adoption due to its flexibility in scaling Ethereum while ensuring maximal decentralization and security.

With an extensive network of decentralized applications (dApps) and millions of daily transactions, Polygon’s architecture stands as a robust and stable Ethereum L2 scaling solution. The proposal suggests that ApeChain will provide an efficient, secure, and decentralized execution environment for ApeCoin DAO projects, propelling the ApeCoin ecosystem towards remarkable growth.

The estimated cost for developing, deploying, and maintaining ApeChain is projected at approximately $200,000 annually from ApeCoin DAO. The proposal underscores the critical juncture ApeCoin DAO is at, and by deploying ApeChain using Polygon CDK, it continues to stride towards its mission of evolving into a decentralized protocol layer for community-led initiatives advancing culture into the metaverse.

Explosive Growth in TON Developer Community: A Comprehensive Analysis

In recent times, the blockchain sector has observed a significant surge in developer activity, with The Open Network (TON) standing out prominently. The TON Developer Report for Q4 2023 has unveiled notable developments, showcasing the rapid expansion of its developer community and the increasing engagement across various facets of the network.

Growth Trajectory: A Look at the Numbers

The TON blockchain has witnessed an extraordinary increase in developer activity, especially noteworthy during a period marked by a bearish trend in the broader crypto market. The Q4 2023 report highlights a remarkable 22.8% rise in the number of TON developer community members on Telegram. This growth is part of a broader trend observed over the last year, where TON has seen its monthly active developers increase by over 500% since Q2 2022, as reported by the Ton Foundation. Such a surge is indicative of the growing interest and confidence in the TON blockchain’s capabilities and potential.

Driving Forces Behind the Surge

Several factors contribute to this burgeoning interest. Firstly, TON’s approach to organizing a variety of hackathons, challenges, meetups, and grant programs has fueled developer engagement. Events like the March DoraHacks and the Hack-a-TON have been pivotal in maintaining a high level of engagement within the community. Additionally, initiatives like TON Breakfasts and TON Hubs in the EU and Asia have played crucial roles in spreading awareness and strengthening local communities.

Educational and Financial Support

TON has ramped up its efforts in providing educational resources and documentation for developers. The launch of Awesome Lists, video courses, and improved documentation on docs.ton.org are steps towards making TON development more accessible to newcomers and seasoned developers alike. Moreover, the TON Grants program has been instrumental in funding diverse projects, distributing around $66,000 in Q2 to support 34 initiatives. These projects encompass a wide range of applications, from wallets and developer tools to DeFi protocols and NFT platforms.

Technical Appeal: Speed and Efficiency

A key aspect attracting developers to TON is its exceptional transaction speeds, which reached over 55,000 transactions per second (TPS) during a stress test in Q2. This speed is achieved through sophisticated sharding techniques, allowing TON to handle the transaction loads required by large-scale commercial applications efficiently.

Community and Ecosystem Development

The development of TON is not just limited to technical advancements. The project has successfully built a thriving global developer community, with over 9,000 members across various language communities. This international outreach is further supported by a diverse range of tools and platforms available on the TON blockchain, catering to various needs like crypto ads, testnet faucets, over-collateralized stablecoins, and cloud scanning services.

As the blockchain ecosystem continues to evolve, TON’s growing developer base and expanding toolkit position it favorably for increased adoption and impact. The market capitalization of TONcoin has grown significantly, reflecting the network’s potential and the developer community’s trust. With continued support and collaboration within the ecosystem, TON is well-placed to drive mainstream blockchain adoption and innovation.