UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications
During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers.
BRICS: History, objectives and an overview of the global alliance
Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years.
OpenBazaar marketplace says it’s set to ‘grow again from the ashes’
After shutting down in 2020 due to financial issues and poor user growth, the decentralized marketplace appears set to rise again.
Zero Hash Taps Former Stripe, Coinbase Exec as President and COO
Cyril Mathew previously led business development teams at Stripe and Coinbase.
It’s Time to BUIDL Week
Marc Andreesen’s
Busan City announces FTX partnership to build local exchange
South Korea’s ‘Blockchain’ city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry.
Ethereum dominates among developers but competitors growing faster
The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them.
Cardano became the most developed crypto on Github in 2021 — Santiment
It’s has been a little over three months since Cardano’s Alonzo Fork was implemented, but the blockchain is already gaining significant traction among developers.
Avalanche creates $200 million fund to lure top crypto devs
The $200 million fund aims to foster growth and innovation on the Avalanche network.
Polygon (MATIC) Releasing Development Kit For Ethereum-Connected Chains
Safe to say, Polygon has been on a tear lately. On the heels of a DappRadar report noting more than 75,000 active users and nearly $1B in value flows through their layer 2 protocol, the Polygon team has announced a new developer SDK for streamlined app creation. In the past month, our team at NewsBTC anticipated continued success for MATIC, and now the protocol is unleashing more developer-friendly materials.
Polygon’s SDK
Polygon-tracked apps continue to grow with regards to DeFi and Exchange-related categories. Today’s announcement will allow developers to continue that growth. Polygon announced that they will be launching a new software development kit (or SDK) for developers to unleash their own Ethereum-connected blockchains. The SDK will include a number of different plug-and-play modules and the team has stated it was designed to reflect a “Polkadot on Ethereum” approach.
The SDK is set to include modules like consensus, synchronization, TxPool, JSON RPC and gRPC. An initial version of the SDK will allow developers to create standalone chains with complete interoperability with Ethereum; a following version of the kit will enable dev teams to create layer 2 protocols directly connected to Ethereum mainnet.
Related Reading | How Polygon Became The Indian Tiger Of Blockchain Platforms
The Perspective
Compatibility with Ethereum as the protocol optimizes is clearly top of mind for the Polygon team. While scalability for Ethereum is a major talking point, Polygon is at the forefront of the conversation in terms of protocols addressing scalability concerns, while still looking to implement interoperability. In a statement surrounding the SDK’s release, co-founder Sandeep Nailwal noted that “with advanced ‘layer 2’ solutions, Ethereum 2.0 all coming online now or soon, the need for a comprehensive interoperability framework is stronger than ever. With the Polygon SDK, we are solving pressing needs for Ethereum’s multi-chain future, including ease of deployment and inter-L2 communication”.
$MATIC has seen a strong recovery after the recent market-wide slide | Source: MATIC-USD on TradingView.com
Looking Forward
As DeFi continues a high-flying emergence, Polygon looks to continue to be on the forefront. The protocol emphasizes lower gas fees relative to Ethereum, and fast transaction speeds. The aforementioned user growth, along with the protocol’s transaction speeds, have led to increased market attention. The protocol also took a vocal approach in a re-brand from Matic in recent months. Accordingly, billionaire Mark Cuban has is a recent investor, and is quickly implementing it into his NFT portfolio company Lazy.com. Other recent partnerships include computing network Aleph.im, with a focus on security and permanence in the NFT market.
Following the news, $MATIC has continued to show strong growth with prices nearing record-highs, and is looking to crack the top 10 in crypto in terms of market cap.
Related Reading | How Aave’s Integration With Polygon Will Maximize Users’ Profits
Featured image from Pixabay, Charts from TradingView.com
Dogecoin’s Surging Price Has Resurrected Its Technical Development
Wow, after such price rise, Dogecoin’s developers have much coding to do.
Bitcoin Developer Fund Brink Is Granted Tax-Exempt Status
U.S. bitcoiners can now make tax-exempt donations to fund Bitcoin development.
Unlike the Early Web, Crypto Does Not Need State Patronage
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Here’s How to Inspect Bitcoin’s Next (Likely) Major Upgrade Yourself
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Bitcoin Cash Miners Propose Controversial Soft Fork for Zcash-Style Development Fund
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Tata’s IT Arm Says Its New Toolkit Will Enable Faster Blockchain App Development
Tata Consultancy Services has launched a new blockchain developers’ kit that it claims will make building apps 40 percent faster.
As Crypto Markets Go Cold, Who Will Pay for Open-Source Code?
Formerly a CoinDesk Contributing Editor, Daniel Cawrey is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media. Earlier this year IBM purchased Red Hat, the oft-referred to model for how open source can thrive, for $34 billion. Long the consultant to enterprises, IBM is going through a transitional period as a […]
Silent No More: Ethereum Users Spurn Recovery Code
Community members have taken to Github to express their discontent over a controversial proposal for lost fund recovery.