PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem.
Ethereum’s Ropsten Testnet has successfully merged with its Proof of Stake beacon chain, finalizing one of the last tests before the long-awaited mainnet merge. The Ethereum Merge is tentatively scheduled for August, but could be pushed back to September or October.
USDC issuer, Circle, launched a new euro-backed stablecoin, Euro Coin, or EUROC. Like USDC, Euro Coin is a regulated stablecoin that is fully backed by reserves. EUROC will be available for trading on June 30.
The Ethereum network is expected to undergo a scheduled network upgrade at block 15,050,000, or around Wednesday, June 29, 2022. The Gray Glacier network upgrade changes the parameters of the difficulty bomb, pushing it back by 700,000 blocks, or roughly 100 days.
The Solana-based Web3 wallet, Phantom, announced that it’s rolling out a new update to further strengthen its security after it patched a “demonic vulnerability” discovered by blockchain cybersecurity firm Halborn in May of last year. The vulnerability meant that secret recovery phrases were sometimes stored on a user’s hard drive.
Polygon network is now integrated within Zerion Wallet, a non-custodial smart wallet for Web3 that enables users to easily access DeFi and NFTs.
Input-Output Hong Kong (IOHK), the parent company for the Cardano blockchain, announced the launch of an Ethereum Virtual Machine (EVM) sidechain alpha, currently on testnet. The sidechain will allow developers to write Solidity smart contracts, as well as create EVM compatible DApps, and ERC20 tokens, on Cardano.
KYVE Network, a Cosmos SDK-based chain that enables data providers to standardize, validate, and permanently store blockchain data streams, rolled out its fourth protocol update. The update focuses on cultivating an enhanced developer experience while using the KYVE App.
Osmosis chain has been halted immediately after the discovery of a critical bug that allowed the decentralized exchange to be exploited for $5 milion. The exploit let malicious users withdraw more tokens from Osmosis liquidity pools than they had initially deposited.
SubQuery, a blockchain developer toolkit facilitating the construction of Web3 applications, unveiled the addition of support for the Cosmos ecosystem, starting with Juno. Developers can now enjoy fast, open, flexible and universal Web3 data indexing.
DAI, industry’s fourth-largest stablecoin, will be integrated into the Cosmos ecosystem following a collaboration between cross-chain protocol Umee and the Maker DAO team.
Celer Network has successfully implemented bridging support for Kava Network. Users can now bridge USDC, USDT, WETH, DAI, and WBTC between Ethereum and Kava in a fast, secure and low-cost way using cBridge.
Armored Kingdom, a multi-platform, global entertainment universe co-founded by actress Mila Kunis, is coming to NEAR Protocol. The platform will leverage NEAR’s fast, carbon neutral, and scalable protocol to reshape Web3 trading card games, digital comics, animation, and film.
stakefish is the leading validator for Proof of Stake blockchains. With support for 20+ networks, our mission is to secure and contribute to this exciting new ecosystem while enabling our users to stake with confidence. Because our nodes and our team are globally distributed, we are able to maintain 24-hour coverage.