HOT DOT NEWS #3 Weekly Digest of Polkadot Ecosystem / September 24 — October 5 / 2020
Welcome to Hot DOT News — the hottest events digest from all over the Polkadot ecosystem.
And of course we should start from the basement of all the Polkadot universe: Substrate framework was upgraded to version 2.0!
It’s big news for all the projects built on Substrate: because now, Substrate 2.0, coming with over 70 pallets, that makes developers’ work easier to build custom, scalable blockchains, interoperable with the Polkadot ecosystem.
To know more join SUB0 — The Substrate Developer Community Conference, that will be held on the 15th of October. Speakers will include Parity founders Gavin Wood and Jutta Steiner, along with Parity core developers, as well as developers from Acala, Kilt, Equilibrium, PureStake, Limechain, Snowfork, Chronicled and Commonwealth labs.
Seems that is going to be the hottest party of the Fall, don’t miss it! Link to the registration is in the comments.
A lion’s share of views got the news about adding Polkadot and Kusama accounts to an Ethereum Name Service domain.
ENS is decentralized naming for wallets, websites and so on that means one name to all users’ cryptocurrencies, in format “name.eth”. Supporting wallets allow senders to use ENS domains instead of long addresses, that is much more convenient and safe.
Looks like everyone wants to have their own domain! Hurry up — the coolest names will be taken first. Reed “how to” guide clicking the link below.
Bifrost pleased its early supporters with new incentive testnet Asgard CC3. 18000 BNC will be distributed among participants for testing this promising DeFi Network.
The testnet and the prizes are divided into 3 parts: 9000 BNC for validators phase started on 24th of September, 3000 BNC for EOS cross-chain transfers part, started on 30th of September and 6000 BNC for VToken redemption test, that will start on 10th of October.
More than 300 already joined the fun, and there only 500 validators slots, so come on and take your place among them! How to participate — read by clicking the link in the comments.
DARWINIA NETWORK и Dock Network
Seems that the mainnet season is open: Darwinia and Dock Networks announced their mainnets start.
Colorful and heterogeneous Darinia Network started from activation of the staking function. Users with Darwinia’s native RING or KTON balance can now participate in validation and staking: read about it in the guide, placed in the comments. Users, who haven’t RING and KTON for now should wait for stage 3: when two-way cross-chain bridge with Ethereum will be established — stay tuned to be informed!
Dock mainnet is now live! Dock Network reached the important milestone: this mainnet started on the 30th of September.
Initially, Dock launches as a Proof of Authority network and will migrate to Proof of Stake during 2021.
Proof of authority is an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity as a stake.It usually runs by the core team of the project.
Proof of stake is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. It usually runs by community.
According to Dock Wiki, the PoA phase is divided into 2 phases. First phase will last about 2–4 months with the Association council full governance. During the second phase all the changes in the network will be done after voting between councils. Proof of Stake stage will begin after Proof of Authority phase ending.
At the same time with mainnet the second, Proof of Stake testnet will begin.
Phala Network and MaskBook reached a partnership. Mask is a trading widget powered by Uniswap & CMC. It automatically pops up whenever your mouse hovers on a “$+ticker”, like we usually write in Twitter “$ETH or $UNI”. Users can now view token price and trade with Uniswap without leaving Twitter. To show their capabilities Mask book launched a short demo with Phala Network as an example, and should be said, it looks impressive.
Sora Network performed referendum on the New Tokenomics. The referendum passed with a big margin and main changes concern the migration from the first version of XOR token to the second one, the capping first XOR at 350,000 until the 2nd version launch, and appearing a new staking reward token, called STK.
All the changes are complicated, but very interesting, and definitely worth studying. Read more in Sora’s article, the link is below.
Another news is about Polkadot and Kusama parachain auction: Sora network will participate in both and reserve up to 30% of PSWAP tokens from 30 millions total supply to reward the community for voting!
Plasm network 2nd lockdrop is ended. There are more than 9400 participants and more than 137000 ETH blocked for more than 50 million of US dollars. It’s more than 8 times more than 1 lockdrop. And there are 13,6 billions PLM is the total supply. And there are discussions about denomination.
That is an incredible and unpredictable result and we congratulate the Plasm team.
Meanwhile some part of the community thinks that the 2nd Plasm lockdrop would dilute the value of the early lockdropers, and Plasm CEO Sota Watanabe has the opposite opinion: his point of view you can read in the new Plasm network’s forum, link is below. https://forum.plasmnet.io/t/does-the-plasm-2nd-lockdrop-dilute-your-value/51
And what do you think about this? Do you think that earliest contributors suffer from the 2nd lockdrop or you agree with Plasm’s? Please, write what you think in comments!
Also you can check the Plasm Network plans to implement scalable smart contract in new article — https://medium.com/stake-technologies/plasm-unveils-the-vision-of-multi-vms-scalable-smart-contract-platform-on-polkadot-and-its-tvl-for-da2e96fd6cf4
StaFi has got a new Telegram bot, made by Ryabina validator. Bot can track: transfers and rewards, fee changes, democracy and treasury events, custom events. You can try it by clicking the link in the comments. https://t.co/qS4aZIknBd?amp=1
Another news about Stafi came jointly with Bluzelle: they have announced a partnership. Bluzelle will help to support data for StaFi’s staking contract, such as pledge, redemption, transaction, as well as mapping information between rTokens & Staked tokens.
PureStake, the company developing the Moonbeam smart contract platform, announced the completion of a $1.4 million seed round led by Hypersphere Ventures. Other notable participants include Arrington XRP Capital, HashKey, KR1, Bitcoin.com Exchange, and Du Capital. The funding will be used to accelerate development of the Moonbeam network, a Polkadot parachain focused on interoperability.
Moonbeam network also launched its first public testnet: Moonbase Alpha.
This first Moonbeam testnet is purely for development purposes and the nodes are solely operated by PureStake. The team plans to release testnet upgrades in the future that will add additional features, including the ability for external collators to start producing blocks on the network.
More details are available on the Moonbeam documentation website, the link you can find under the video. https://docs.moonbeam.network/networks/overview/
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