Although the cryptocurrency market is under regulatory pressure, it continues to improve. Altcoin projects are moving forward with upgrades and partnerships in the bear market. In this regard, Polygon (MATIC) has made a significant upgrade. We have compiled the hottest developments in the market for our readers.
There are hot developments in MATIC, SOL and these 6 altcoins….
DYdX v4 integrates Squid and Axelar
DYdX, the largest decentralized financial derivatives platform, has integrated a solution based on cross-chain infrastructure provided by Axelar’s interoperability network. The goal is to support one-click login and logout to dYdX version 4, which will have its own application blockchain model within the Cosmos ecosystem. The integration will use Squid, a one-click cross-chain transaction generator on Axelar’s decentralized infrastructure. This will enable users to efficiently migrate to the upcoming dYdX v4 platform.
Venmo, PayPal USD added support for
Peer-to-peer payment platform Venmo will soon add support for stablecoin PayPal USD (PYUSD). PayPal said in a statement that it will be possible to purchase PayPal’s ERC-20 stablecoin “in the coming weeks.” Users will be able to purchase PYUSD and send it to others via PayPal, Venmo, or compatible external wallets. This marks another altcoin project where users will transact on Venmo, which opens the door to crypto in 2021.
Solana’s decline in active addresses is only part of the story
Most people rate Solana positively for its recent developments. However, the number of daily active addresses using Solana has recently reached a low point. However, according to Austin Federa, head of Layer 1 Blockchain strategy at the Solana Foundation, this does not reflect reality. According to him, this is not indicative of a significant decline in “real” users. “There are probably fewer bots running on the network,” Federa said. But what we really look at is how many people are using the network. “What we’re seeing is that the real people, the wallets that pay their own fees, the storage data is still very much intact.” says.
Vara opens main-net: Pioneering a new era
Vara Network officially launched Vara main-net, the innovative standalone layer-1 decentralized network. This development ushers in a new era for Blockchain technology and decentralized applications (dApps). This landmark event represents a significant leap forward for the Blockchain industry, promising innovation and user-friendly development tools. Vara provides new solutions for Blockchain development. However, it doesn’t stop there. It also simplifies the migration from Web2 to Web3. Thus, making it more accessible to both developers and enthusiasts.
cheqd introduces credential payments
cheqd announced the launch of “Credential Payments”. This development takes a groundbreaking step towards revolutionizing the field of digital identity. The altcoin project has integrated this innovative feature into its decentralized network and SaaS product Credential Service. This feature ensures data privacy of individuals and organizations. In addition, it allows them to monetize their identity data. This important development is poised to create Trusted Data markets, heralding a new era for the industry.
Bybit lists PayPal’s USD stablecoin for spot trading
Bybit, one of the world’s leading cryptocurrency exchanges and the third most visited exchange in the world, lists PayPal’s USD stablecoin PYUSD for spot trading. Thus, Bybit announced that it has made an important move in terms of the altcoin project. This listing represents an important milestone for Bybit. It also underlines its commitment to providing users with new opportunities and expanding its offerings. PYUSD, which will be paired with the widely used USDT (Tether), will now be traded on Bybit’s spot exchange
Nexo received CSA STAR Level-1 certification
Nexo, a well-known institution in the world of digital assets, has received the Security, Trust & Assurance Registry (STAR) Level 1 Certification from the Cloud Security Alliance (CSA). Thus, the altcoin project has taken an important step in cloud infrastructure security. This achievement comes after Nexo successfully completed the highly regarded SOC 2 Type 2 audit and ISO 27 001 standardization in 2019. It also solidified the company’s commitment to customer data security and transparent practices.
Polygon (MATIC) zkEVM successfully completed first major upgrade
Polygon (MATIC) zkEVM, a zero-knowledge scaling solution compatible with the Ethereum Virtual Machine, has completed its first major upgrade. The Dragon Fruit upgrade, also known as ForkID5, will be the first major upgrade since Polygon (MATIC) zkEVM was released as a main-net beta in March this year. Polygon’s (MATIC) upgrade took place on Wednesday, September 20 at 10:30 AM ET.
Dragonfruit Upgrade: successful
Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.
Devs, the list of EVM networks that support PUSH0 opcode:
1) Ethereum
2) Polygon zkEVM Mainnet Beta https://t.co/YEjDhHDD6w— Polygon (@0xPolygon) September 20, 2023
Ethereum developers propose ERC-7512 standard
cryptokoin.com As we reported, a group of Ethereum developers from projects such as Safe, Ackee Blockchain, OtterSec, ChainSecurity, OpenZeppelin, and Hats Finance have submitted a new proposal known as ERC-7512. This proposal will increase the security and reliability of smart contracts on the Ethereum Blockchain. Additionally, the proposal aims to verify contract audit information directly on Blockcahin. Thus, the leading altcoin aims to create a revolution in this field.
