Ethereum co-founder Vitalik Buterin says that layer 3 will be crucial in the future. Cardano TVL posted an increase of 565,000%. Also, Cardano inspired Snoop Dogg’s son to release a new music album. A traffic pole prototype utilizing IOTA technology is now available as a major support to the ALFRIED project. Upgrading to Antelope Leap 3.1 further democratized the EOS network, with the code now running on an open source foundation. Here are the details…
Hot developments for ETH, Cardano, IOTA and EOS
Ethereum Layer-3 protocols will revolutionize the blockchain
Co-founder Vitalik Buterin observed in a recent post that the concept of layer-3 is often in discussions of layer-2 scaling. Briefly, Buterin stated that the layer-2 solution is much more focused on hyperscale in the network. However, layer-3 will provide customized functionality. According to him, it is very important to consider the third layer. Because it has different functions than the 2nd layer.
cryptocoin.com As we reported, Buterin shared three visions of use cases. He notes that the third layer of this scope will be very important in the future. It can play a big role in citing privacy-based apps that will leverage zk evidence to submit privacy. Buterin describes this as “Customized Functionality”.
Additionally, customized scaling for custom applications that don’t want to use the Ethereum Virtual Machine (EVM) for computation will be another use case of layer-3 in the future. It’s also possible to use it for a zk-proof technology, which is a ‘weakly trusted’ scaling through Validiums. According to him, they could be important for “enterprise blockchain” applications.
Cardano TVL records 565,000% increase
Aada Finance is a credit protocol that is not subject to custody on Cardano’s main-net. The protocol recorded a notable increase in locked total value (TVL) compared to the latest DefiLlama data. Currently, Aada Finance’s growth in the last seven days has reached an astonishing 565,873%. Aada Finance is the first platform where it is possible to lend or borrow local Cardano assets. It went live a week ago (September 13) after several months of public test-net use.
AADA FINANCE LENDING INSTRUMENTS
Yesterday, @AadaFinance
successfully launched, marking a milestone for the DeFi sector as well as the whole Cardano ecosystem. Let’s have an overview through the current lending instruments on @AadaFinance.
#cardano #lending #cardano $AADA pic.twitter.com/U2FiEKaOK9— Cardano Daily (@cardano_daily) September 14, 2022
Snoop Dogg’s son releases a Cardano-inspired music album
Champ Medici, son of legendary hip-hop artist Snoop Dogg, is among the strong crypto advocates. Medici, Clay Nation tapes, Vol. He dedicated his 1st album to Clay Mates, Cardano’s leading NFT project, and Cardano Blockchain as a whole. It’s Champ Medici’s first official reveal since joining the Clay Nation team last month.
https://twitter.com/claymates/status/15715881831124750337
ALFRIED with IOTA technology enters the market
The ALFRIED Project, one of Germany’s largest publicly funded infrastructure projects, has made great progress. Sharang Parnekar, software and hardware engineer at ETO Gruppe Technologies and overseeing the ALFRIED project, has published the first traffic mast prototype for the project. It uses the IOTA protocol as the core technology of the ALFRIED infrastructure project.
The first traffic pole prototype in ALFRIED. The second hardware with IOTA inside! @iota @etogruppe @alfried_fn #identity #iota #iotainside #did #ssi pic.twitter.com/zSRq7p0RCq
— Sharang Parnerkar (@sharang33) September 19, 2022
ETO Gruppe is working on the future of autonomous driving by developing traffic infrastructure sensor technology. However, one of the biggest challenges is the efficient transmission of data about the surrounding infrastructure to autonomous vehicles.
EOS declares independence with consensus upgrade to Antelope 3.1
The EOS community declared its independence on Wednesday, September 21. Thus, he changed the fate of the platform forever. As a result, the EOS platform will become a more decentralized platform with a consensus upgrade to Antelope Leap 3.1.
Yves La Rose, CEO of the EOS Network Foundation, announced that they will now liberate the code of the EOS network. “We are liberating code, not for the privileged few, but for an open future built on open source foundations,” La Rose said. The new code will embody the collective aspirations of the community to create a resilient public blockchain network.
Today is a historic day. Not only for $EOS, but for the entire crypto industry.
After a multi-year struggle for independence, the #EOS community has proven that #Web3 really does bring power back to the people.
This is more than a hardfork. This is EOS Independence Day!
🧵 👇
— Yves La Rose (@BigBeardSamurai) September 21, 2022
As a result, the EOS community will undertake the migration of the EOS platform to the newly created Antelope framework. It’s an open framework that mobilizes the full power of a decentralized network and community. The Antelope framework provides the EOS community with a new direction in the way the network works. Therefore, it is an important milestone in terms of both the governance and maturity of the EOS Blockchain.
