PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem
Reddit took the crypto community by surprise by announcing The Great Reddit Scaling Bake-Off, a competition run in conjunction with the Ethereum Foundation to find a scaling solution that will enable the platform to bring its Community Points project to mainnet.
With 430 million monthly users, a site-wide program based on Ethereum could result in a significant boost in crypto adoption.
Polkadot has successfully made the transition from PoA to NPoS, an important step toward decentralizing the network. In short, this means that the network is now operated by a set of community validators instead of by the Web3 Foundation Team. Check out founder Gavin Wood’s blog post on this milestone for an overview of the process.
In other news, Interlay has released a proof of concept for a trustless bridge between the Bitcoin and Polkadot networks. A functioning Bitcoin bridge would be an invaluable asset for potential Polkadot DeFi projects. CoinDesk covers the story here.
In the wake of last year’s Financial Action Task Force guidance update advising nations to require crypto companies to store and disclose user data for transactions above a minimum threshold value, Tezos and Algorand are making efforts to simplify compliance with the new “travel rule.”
These projects are not the first to react to the guidelines, and it will be interesting to see which projects choose to follow in their footsteps.
Last week, the Tezos network also baked its one millionth block!
Storj Labs has announced a partnership with MongoDB, enabling MongoDB users to back up their data directly to the Storj Tardigrade decentralized cloud storage solution. MongoDB is one of the most popular database technologies.
The Stargate testnet is expected to be launched on July 27. Among many significant upgrades, Stargate will bring Inter-Blockchain Communication (IBC) to the Cosmos mainnet, a major milestone for the entire blockchain community. For a detailed overview of Stargate, check out this blog post.
As the winner of the Cosmos Game of Zones Most Creative Zone award, we wanted to share with you our design process from zero to finished product, plus a little about our motivations for building our Tamagotchi Zone. Read the full story here.
We have also decided to delegate our GoZ winnings to our grant.fish program! We are committed to funding public goods infrastructure for the Cosmos ecosystem and hope to see the program continue to grow.
Read our grant.fish launch article for more information and to learn how to contribute.
The popularity of ChainLink’s decentralized oracles continues to grow. Some of the latest integrations include:
- China’s national Blockchain Services Network, with technical support from IRISnet
- Distributed energy resource trading platform Dipole
- 0x relayer Bamboo Relay
- Credit scoring company Finscore
- Charity-focused NFT project Wildcards
- Blockchain and distributed collaboration platform Ontology
After just over two months, the Celo Network has mined its one millionth block!
The Solana Network has processed its one billionth transaction!