The GrineoPay.com Card will be available to all eligible Australian customers.

SYDNEY, AUSTRALIA / October 3, 2023 / Today, GrineoPay.com has unveiled their brand-new debit card set to launch in 2024 – enabling customers to spend any digital currency stored on GrineoPay.com while earning generous cash back on their purchases.

“We are smartly prepared for the Australian digital currency market and its turnover as well. According to our estimations, if the global number of bank card transactions was estimated at $581.22 billion as of 2021, it can be approximated that Australia accounted for 2.13% of the total card transactions, assuming that the distribution of digital currency card transactions is like that of bank cards across the world. For us, it means that the Australian digital currency card market can be estimated at around 12.4 million transactions in 2021,” – The GrineoPay team.

Analysts of the company stand bullish, predicting that the demand for digital currency in Australia will further increase in the future as the government establishes a favourable regulatory framework. Moreover, due to the growing popularity of digital currencies in other countries, Australians may likely start using more digital currencies, finally, given the increasing acceptance of digital currencies among major retailers and businesses.

The GrineoPay.com Card as a revolutionary product will bring together the security and convenience of a debit card with the benefits of digital currency. Customers will be able to store any digital currency in their account, allowing them to spend their digital assets anywhere Visa is accepted. As a bonus, customers will also receive cash back on all purchases they make with the card.

GrineoPay.com has taken great care to ensure the security and privacy of its customers by utilising advanced security protocols. The GrineoPay.com debit card also comes equipped with features such as real-time transaction notifications, secure online access, and an exclusive customer service team available to answer any questions or concerns. Thus, with the GrineoPay debit card, Australian digital currency users can feel safe and secure while spending their assets. All transactions are protected by GrineoPay.com’s Zero Liability policy, which means customers are not responsible for any unauthorised purchases made with the card. Additionally, the card comes with state-of-the-art fraud protection to help keep customer data and money safe from hackers.

Starting in 2024, the GrineoPay.com clients will be able to use digital currency-supported ATMs. The GrineoPay.com card will be compatible with Apple Pay, Google Pay, and Samsung Pay, making it easier than ever to use digital currencies anywhere and anytime to shop online or at any of the millions of outlets that accept cards worldwide.

As of today, the early-bird waitlist members, Australians, who are eligible, will get exclusive offers and perks after signing up for the GrineoPay.com Card via the GrineoPay.com website, among which is a physical debit card for free for the first 1000 clients. With this exciting new card, customers will have the power to use their digital currencies without having to convert them into fiat currency first.

About GrineoPay.com

Grineo Pty Ltd is a cutting-edge start-up with a mission to revolutionise digital payments in Australia: leveraging the power of digital currency, the team has been propelling the banking and software industries forward since 2013. Regulated by AUSTRAC. Address: Level 14, 5 Martin Place, Sydney, 2000, NSW, Australia.

Website: https://grineopay.com
Twitter: https://twitter.com/grineopay
Facebook: https://www.facebook.com/grineopay

RINO today announced that it is making its enterprise wallet free to use. RINO’s enterprise wallet enables financial industry best practices such as spending limits and four-eye approvals. Organizations can now sign up instantly and get started without having to deal with sales people or subscription models.

Monero core-team member binaryFate, an early investor in RINO, said “Having a service like RINO is essential for the wider industry adoption of Monero. Crypto businesses already have enterprise wallets like Bitgo, Fireblocks and Copper that they can use for other digital assets. I am convinced RINO’s move to make their enterprise wallet free is a gamechanger for the Monero ecosystem”

While there are already numerous Monero wallets available, until RINO, no wallet had addressed the needs of businesses. RINO enterprise wallet fills that gap with functionalities catering specifically to teams and organizations.

• Secure workflows. RINO allows clients to set up policies to securely interact with shared wallets within a team. RINO policies such as spending limits, four-eye sign-off, view-only wallets, etc, are features that are common in the traditional financial sector. For other cryptocurrencies, a range of wallets also exist that offer these features. However Monero is built on unique and different cryptographic primitives. RINO has for the first time cracked the technical challenge of offering secure, non-custodial workflows on the Monero blockchain.
• Cost savings. RINO’s SaaS offering allows for painless Monero integration. RINO offers a stable wallet interface (API) to build services upon, without exposing clients to the sometimes complex intricacies of the Monero protocol.
• Trust. RINO doesn’t have the keys required to spend its clients’ Money. In other words, RINO is a non-custodial wallet. RINO’s cryptographic mechanisms are open source, and verifiable through reproducible builds.
• Unique technology. The rich features offered by RINO, while the wallet remains non-custodial, is only possible because RINO leverages Monero Multi-Party Computation (MPC)

In practice, an organization using RINO can secure and interact with its own funds in ways that are just not possible without RINO. Specific roles can be assigned to different people in a team, and policies put in place for how they can interact with any given wallet. For example, outgoing transactions can be created by spenders, but require approvals by a number of approvers to be actually confirmed and sent out. View only access can be granted to team-members for internal accounting and control, or on-demand to external entities for audit purposes.

RINO enterprise wallet is already free as of today. With this latest move, RINO makes it easier for any team to leverage its powerful features.

You can check it out at https://rino.io/

About

RINO is a company run by long time Monero enthusiasts and crypto entrepreneurs. RINO’s mission is to enable the adoption of Monero by the mainstream financial industry.

Verasity, ticker symbol VRA, has burned 50% of its maximum supply today following one of the largest community consultations in crypto history — with further plans to move 90 billion tokens, currently reserved for data circulation, to a new blockchain.

Open to over 500,000 community members and token holders, Verasity’s community consultation marks an inflection point for the project, which has transformed its position in the market through a strong focus on commercial adoption and transparent communications.

Following the consultation, the decision was taken to burn 10 billion VRA tokens, originally minted as part of a strategic reserve wallet held for future business use.

Today’s burn effectively caps VRA’s circulating supply at just ~10 billion. Verasity no longer required the 10 billion strategic reserve tokens following the commercial success of its anti-bot advertising technology offering, powered by its patented blockchain technology, ‘Proof of View’.

The company announced at the beginning of the year that its solution was already in use by clients, with business development continuing throughout 2023. Verasity can now expand operations and scale using revenue generated from its technology.

Circulating VRA, which now numbers just ~10 billion, will retain its utility within the VeraViews advertising ecosystem as a payment option for clients, for use within the VeraWallet staking ecosystem, and as a deflationary token subject to quarterly burns. Over 155 million VRA was burned in H1 2023 alone.

Today’s 10 billion burn represents one of the largest single burns of any crypto project to date, proving Verasity’s new focus on a community-led strategy that delivers value to token holders, while also remaining agile for commercial roll-out.

The Verasity team has also stated that it is actively looking for alternative blockchains to move 90 billion ‘Proof of View’ marker tokens, which facilitate data transfer for its advertising stack and do not contribute to circulating supply.

RJ Mark, CEO and Founder of Verasity, says: “Our commercial rollout is bringing greater utility to VRA through its primary use as a payments option for VeraViews campaigns. Now, our community consultation and subsequent burn of our strategic reserve tokens, some 50% of our maximum supply, proves that we’re also listening to our community and improving our crypto ecosystem. This is part of our growth strategy for 2024, where we expect huge demand for our advertising solutions, and we’re now laying the foundation for that growth.”

Verasity consistently outperforms many other altcoins across social impact, engagement, and social volume – achieving top spot on LunarCrush’s AltRank several times during 2023 out of some 4,400 tokens.

Its roadmap, and plans for future growth, can be found here: https://verasity.io/roadmap.

About Verasity

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. With product verticals in the advertising and video player industries, Verasity ties together its ecosystem with its patented ‘Proof of View’ blockchain-based technology.

The VRA token, which is used for funding advertising campaigns, staking through VeraWallet, and distributing Watch & Earn rewards, is central to the Verasity ecosystem as a single utility token with a whole host of applications. Verasity’s roadmap for 2023 includes the launch of the VeraCard to complement its VeraWallet offering and provide new utility for the VRA token. Learn more at www.verasity.io.

Currently, the world of cryptocurrencies and Decentralized Finance (DeFi) is developing rapidly, offering new opportunities and solutions for various areas of life. Attracting investments was no exception: unlike traditional investment platforms, where all decisions are made by a centralized team, crypto panels are based on blockchain technology, which allows network participants to independently make decisions and control their investments. The trend towards decentralization and increased user control over their data is called WEB3. To promote WEB3, you need simple and affordable solutions – this is what DAstra Network is ready to Tokenization and WEB3 provide.

Tokenization and WEB3

Launchpads, ICOs and IDOs are effective and proven ways to raise investments within the WEB3 paradigm. In exchange for investment, investors receive native tokens of the project, which they can use at their discretion.

Tokenization allows for fractional ownership and liquidity of traditionally illiquid assets, such as real estate or early-stage startups. Tokens can represent shares in a company, access to certain products or services, or have other features and benefits. If this is a GameFi Play2Earn project, then the tokens can represent in-game currency or in-game assets. Ultimately, tokens can be liquid and traded on cryptocurrency exchanges, allowing investors to quickly sell them or exchange them for other assets.

However, despite all the advantages of WEB3, the entry threshhold for using decentralized services remains quite high. For example, most people interested in cryptocurrency still prefer to use centralized crypto exchanges (CEX) such as Binance and Coinbase, but face difficulties when trying to use decentralized exchanges (DEX).

What is DAstra Network?

DAstra Network is a decentralized, but simple to use investment platform that empowers startups and businesses to obtain financial support for their solutions. By harnessing the power of tokenization , the platform facilitates startups in creating and listing tokens to attract funding opportunities. With just a few clicks, startups can now create tokens and list them on the platform to secure funding. This grants them the opportunity to tap into funds from private investors, venture capital firms, and passionate supporters worldwide.

DAstra Network ecosystem consists from 3 modules:

1. The Launchpad platform offers a secure way to attract investments and protect investor capital by utilizing smart contracts.
2. The platform uses a native DAN token that can be used to pay for services related to the issuance of digital rights. Additionally, token holders can enjoy additional benefits
3. Our platform provides an internal exchange where investors can trade and sell digital financial assets of various projects. This exchange facilitates the seamless transfer of assets between investors.

Key strategic decisions on the development of the DAstra Network are made by the Decentralized Autonomous Organization. DAO participants not only take part in the management of Dastra, but also have the opportunity to earn up to 2 percent of the investments they attract to the project. The level of privileges in the DAO is determined by the number of DAN tokens held and involvement in the development of the DAstra Network

Native token

The DAstra Network uses native ERC-20 token called DAN. This token provides holders with various privileges:

• Priority queue for investments in the most promising projects
• Opportunity to participate in the wide selection of business projects for admission to the platform
• Discounts on services for promoting investment projects.
• Reduced fees for companies from attracted investments

The price of the token at the presale is only $0.008, and at the listing stage it is $0.021. This means that investors will be able to receive almost 300% profit!

Conclusion

Our future plans include expanding the DAstra Network platform to become an internationally recognized investment accelerator management system. This platform will feature its own decentralized fund, enabling startups selected by DAO members to receive funding. Our plan is to promote web3 and decentralization, bring more liquidity to the crypto market and venture capital, while keeping things simple and easy.

Our site: https://dastra.network/

Twitter: https://twitter.com/DAstra_network?t=lnrLuVW7zW_kNus3zg2nxg&s=09

Main Telegram Channel: https://t.me/dastra_international

Telegram Chat: https://t.me/dastranetworkint

Decentralized ledger platform Radix Publishing has celebrated the successful completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space.

The Babylon mainnet upgrade has been described as a “substantial update” to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features, most notably, the Radix Mobile Wallet.

Piers Ridyard, CEO, RDX Works, said: “With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users, as well as those who were hesitant to embrace DeFi and Web3. A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and colleagues can confidently use them.”

Among the refinements supported by Babylon are the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralized royalty system for developers and smart account components, as well as an on-ledger catalog of Scrypto-based blueprints.

The Babylon upgrade brings with it five new products, The Radix Mobile Wallet, which provides a secure way to manage accounts and hold any kind of asset, such as tokens or NFTs on Radix. Radix Connect, which allows users to connect their Radix Wallet to dApps on desktop browsers using a secure peer-to-peer connection with the Radix browser extension. The Radix Dashboard, a comprehensive explorer for the Radix Network and functionalities to stake, unstake, and claim XRD from validators and the Developer Console, which provides functionalities that will be useful for developers to deploy packages to the network, ensuring a streamlined integration of new software components. And lastly, the dApp Sandbox, a developer tool that makes it easy for a developer to experiment with the kinds of requests that a dApp frontend can make to the Radix Wallet, and see the results in the wallet and format of responses.

It is believed the arrival of the Babylon mainnet upgrade will enhance user experience for web3 developers, many of whom have already become acquainted with the incoming features through their use of the Betanet and RCnet testnets. Babylon represents an open, self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications at scale.

About Radix

Radix is the only full-stack, layer-1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities; and for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit: https://radixdlt.com and https://www.radixdlt.com/full-stack/.

Radix Publishing is responsible for the code security and publication of code associated with the Radix platform.

Crypto Hub, a pioneering web3 agency in the cryptocurrency sector, launched its innovative Stake to Own (S2O) Coin, designed to radically change the Web3 space.

Becoming a token holder is something common nowadays in the crypto space, being however a Launchpad Owner is something completely different and much more profitable. Instead of investing in cryptocurrencies which are extremely volatile, Crypto Hub is offering Dapp Investment, which is similar to investing in a profitable and automated blockchain company that generates passive income.

$HUB is a ERC20 Token deployed on the Ethereum Network with a function that enables holders to stake it to achieve a Crypto Hub Rank, hence providing different benefits, including shared ownership of Crypto Hub Launchpad proportional to the amount of HUB Staked.

The ownership is based on the staking power the user has compared with everyone else in the staking pool. Below you can find the 3 different Ranks available and their corresponding benefits:

• APY: Annual Percentage Yield on your staked $HUB
• Commission: Percentage of Launchpad Sales generated by you (Referrals Paid)
• Discount: Discounts on all our Marketing Services (Crypto Projects)
• Platform Ownership: Share of Launchpad Profits Based on the Amount of $HUB Staked
• Diamond Access: Users can access Exclusive Presales, Staking Pools and NFT Drops
• Exclusive Member: Access to Partner Airdrops, Exclusive Investor Channel, Access to Twitter Gold (Crypto Projects).

Crypto Hub created $HUB to accomplish this shared ownership to all interested investors, and is currently selling it in a Seed Sale until 15th of October at 0.003$ each token. Below we detailed their upcoming sales:

Seed Sale Details:

Duration: From 25th September to 15th October 2023
Price: The token price for the Seed Sale is set at $0.003
Vesting: Participants can expect a vesting schedule of 10% on Token Generation Event (TGE), followed by an additional 15% released every month for the subsequent four months.

IDO Sale Details:

Duration: From 26th October to 30th October 2023
Price: The token price for the IDO Sale is set at $0.005
Vesting: Participants can expect a vesting schedule of 20% on Token Generation Event (TGE), followed by an additional 20% released every month for the subsequent four months.

HUB will be listed on Uniswap on November 1st along with a central exchange (CEX) listing to be announced on the same date.

Tokenomics & Vesting Schedule

HUB Token has a clear and fair tokenomics structure and its vesting schedule is designed to promote long-term growth and ecosystem sustainability.

Token Name | Crypto Hub
Token Ticker | HUB
Blockchain | ERC20
Total Supply | 100 000 000
Tax Fees | 2% Buy / 2% Sell
Listing Price | 0.005$

“What’s the most surprising in HUB Tokenomics is that the team members are not accounted for, which means there is a most likely possibility of its token price going up due to smaller selling pressure.” Crypto Analyst

During the $HUB Vesting period, users will be considered as if they were staking and will have access to all their Rank Benefits including Shared Ownership, Income Distribution, Special Access, Commissions and Discounts in the launchpad. This means that the moment investors buy on the Seed Sale they will have instant benefits to all Crypto Hub Launchpad Offers according to their Ranks.

For more details and any clarifications, please refer to our official channels.
CryptoHub Launchpad: https://cryptohub.investments/
Buy HUB Tokens: https://seed.cryptohub.investments/
Social Links: https://link3.to/crypto_hub_

In an era of digital complexity and increasing online security threats, simplicity and security are returning to the forefront. Today marks the launch of the new Bitcoin Paper Wallet, a product designed for serious cryptocurrency investors who prioritize both stability and peace of mind. This wallet represents the epitome of security, eliminating online hacking risks by taking your Bitcoin keys offline.

According to the experts at bitcoinpaperwallet.com, “Sometimes the old ways are the best. If you want the safest and most secure method to store your Bitcoin you have to go back to basics. A piece of paper is not connected to the internet, so as long as you store it safely, your Bitcoin is safe.”

This sentiment is echoed by leading financial news outlet Forbes, which states, “In a paper wallet, users print off their key, typically as a QR code, on a paper document. This makes it impossible for a hacker to access and steal the password online, but then users need to protect the physical document.”

Why a Bitcoin Paper Wallet?

With a myriad of digital wallets and online storage options available, why opt for a paper wallet? The answer is simple: unmatched security. By having a physical paper wallet stored in a secure location, cryptocurrency investors can mitigate the risks associated with online hacking attempts. This stands as an attractive option for investors, particularly in times of market unrest and increasing incidents of cryptocurrency fraud and theft.

Key Features

• Offline Storage: No risk of online hacking attempts, offering maximum security.
• QR Code Integration: Quick and convenient transactions without compromising safety.
• Durability: Made from materials designed to stand the test of time, ensuring long-term safety for your investment.
• Ease of Use: Simple, user-friendly interface makes it easy for anyone, even those new to cryptocurrency, to securely store their assets.

Secure Your Investment Today

Don’t let market unrest or the increasing threat of online hacking compromise your cryptocurrency investments. Invest with a Bitcoin Paper Wallet and enjoy unparalleled security, stability, and peace of mind.

For more information, visit https://bitcoinpaperwallet.com/.

In a world that’s increasingly complex, Bitcoin Paper Wallet provides a straightforward yet highly secure solution for investors. Get back to basics and protect your financial future today.

Protocol Labs and Consensys, two foundational web3 players, today announced a partnership aimed to support leading blockchain ventures via Consensys Scale (formerly Consensys Startup Program).

Launched in 2022, the Scale program’s primary objective is to offer an all-access pass to ten leading, funded ventures every quarter, enabling them to build with MetaMask, Infura, and Linea, while also providing vital technical support, access to co-marketing resources, workshops, funding opportunities, and an extensive range of ecosystem benefits. The Scale program, spanning 24 months, is tailored for dapps and blockchain companies between Seed and Series A funding stages. Participants are expected to have a fully operational team, institutional funding, and an initial product-market fit.

Builders in Scale now have access to Protocol Labs’ experience in supporting hundreds of founders in their entrepreneurial journey. Blockfence, a Scale participant, will now see further comprehensive support from an encompassing web3 product suite due to this fruitful partnership. Part of Scale November 2022, the web3 proactive risk & threat mapping solution Blockfence, was one of the first approved MetaMask’s Snaps and now the Blockfence Snap adds transaction security to the wallet’s users. In 2022, MetaMask surpassed 100 million users. Blockfence has flourished in the Scale having employed Infura as their node provider and will soon deploy Linea. Stemming from this collaboration Protocol Labs will offer products, technical expertise, potential funding, and exclusive invitations to its Founders community to Scale members. Teams will also benefit from the opportunity to incorporate Filecoin and IPFS, the fundamental elements of web3 infrastructure, as well as solutions like NFT.Storage Pro and Web3.Storage Pro, as integral components of their journey.

“We love great companies to co-create our universe by becoming involved through deploying on Linea, our zK-EVM Chain, building on our brandnew MetaMask Snaps platform and accessing their chain of choice via Infura,” said Alex Greinacher, Head of Program at Consensys. “In return, we provide genuine value to builders, and one way we achieve this is by integrating top-tier ecosystem partners like Protocol Labs, who are leaders in their field.”

Protocol Labs has a commendable track record of incubating and supporting hundreds of founders in raising more than $1B in external capital, including their early investment in Consensys serving as a testament to their enduring partnership. This history of success also encompasses notable achievements in previous accelerator programs in the Ethereum ecosystem including TachyonX which Protocol Labs supported as part of ConsenSys Mesh.

Ruben Amenyogbo, Partner at Protocol Labs Builders Fund, said: “Providing founders with expert guidance and access to best in class storage and compute will give them key tools to flourish in this ever-evolving industry. Consensys and Protocol Labs’ partnership runs deep: we have not only co-created protocols but our multiple partnerships have already created leading startups. We look forward to bringing this shared history of success to Scale and continue to improve humanity’s technology set.”

Funded web3 ventures with a functional team and product-market-fit can learn more about this program via https://vip.infura.io/consensys-scale/.

About Protocol Labs

Protocol Labs is an open-source R&D lab that builds protocols, tools, and services to radically improve the internet. Protocol Labs’ projects include IPFS, Filecoin, libp2p, and more — which serve thousands of organizations and millions of people. The Filecoin Project is a decentralized storage network with the mission of creating a decentralized, efficient, and robust foundation for humanity’s information. For more information, visit https://protocol.ai/.

About Consensys

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

With growing interest and investments in cryptocurrencies, Bitget, a major digital exchange, is progressing well in Europe, known for efficiency, advanced features, and secure trading.

Europe Investments

In recent years, Europe has seen a big shift in fintech, especially crypto and blockchain. Despite a 59% fintech investment drop in the Europe, Middle East, Africa (EMEA) region from H1 2022 to H1 2023, crypto remains strong. Finch Capital’s “European Fintech Landscape” report highlighted France and Germany as crypto and blockchain investment leaders in H1 2023.

In H1 2023, the UK’s crypto industry was 28% of all fintech transactions; the Netherlands exceeded this with a notable 35%, showing a strong presence of blockchain and crypto in fintech. Notably, France and Germany maintained strength, with 29% and 27% of fintech transactions involving crypto and blockchain.

Bitget: Trusted Name in Crypto

Bitget is a top crypto exchange, ensuring excellent services and smooth trading with various crypto offerings.

1. Bitget Price: Bitget provides real-time price observations for over 12,000 cryptocurrency assets, including BTC price;ETH price;BNB price;DOGE price;XRP price, allowing users to track cryptocurrency prices easily.
2. How to Buy Crypto Easily: Bitget offers a user-friendly platform for”how to buy Bitcoin” securely with no fee.
3. Bitget Academy: Bitget Academy offers guides, practical tips, market updates for understanding crypto markets, news, and trading strategies, speeding up trading learning.
4. Bitget API: Bitget Crypto API enables developers for program trading, data integration, copy trading, and tailored solutions.
5. Bitget Calculator: Crypto Calculator compares cryptocurrency values and accurately converts specific tokens to fiat currency.

Bitget’s Impressive Presence in the European

In Europe’s growing crypto scene, Bitget is a top choice for enthusiasts and traders. Its user-friendly platform, security commitment, and leveraged trading draw a large user base, securing a significant market share in Bitget France and Bitget Germany.

Bitget stays ahead in Europe’s crypto market by being proactive and adaptive. With a friendly interface, varied cryptos, tight security, and great support, it leads the exchange arena. Bitget is set to provide cutting-edge crypto services across Europe, reinforcing its leadership.

Developers of Polkadot, the blockspace ecosystem for boundless innovation, will start testing a new process that will provide radical scaling solutions for the network within a matter of weeks.

The plans were unveiled at sub0, the Polkadot Developer Conference, by Sophia Gold, Engineering Lead at Parity Technologies, a leading contributor to Polkadot.

She said asynchronous backing would enable Polkadot to more than triple its number of validators by the end of 2024 to around 1,000, describing this as “the most significant evolution of parachain consensus since we launched parachains almost two years ago.”

She added: “What’s unique about backing in Polkadot is that it’s enshrined – it’s implemented natively on the protocol level and not on the smart contract level, which gives us capital efficiency and censorship resistance. Asynchronous backing enables flexible scheduling for our future scaling work through elastic scaling and instantaneous coretime. We have a credible roadmap to get Polkadot to support 1,000 parachains and 1m+ transactions per second. The design is there – we know how to scale Polkadot for the indefinite future.”

A release of asynchronous backing is due to be deployed to Polkadot’s Rococo testnet in about two weeks.

Habermeier expands blockspace narrative

Sophia Gold was followed on-stage by Polkadot cofounder Robert Habermeier, who unveiled new concepts and architectural components that would enable roadmap features first outlined at Polkadot Decoded in June.

These features, including those known as ‘agile coretime’ and ‘elastic scaling’, would enable more flexible and efficient use of Polkadot’s blockspace and computing power, better serving innovators at all stages of growth, and taking the network beyond the existing parachain model.

He outlined a proposal for a new process of submitting work to Polkadot that would enable the network to process a much wider range of activity than parachains alone, including the ability to deploy smart contracts directly to a Polkadot core.

He explained: “This is how you would get to the point of cores being used by different parachains or bundled in all these different ways without having to enshrine that directly into Polkadot’s protocol. Rather, we make it possible through experimentation at higher levels.”

This new model would also enable a much anticipated feature known as atomic composability, enabling simultaneous execution of operations from multiple parachains at a time for more complex cross-chain transactions.

Accelerating smart contract delivery

The second day provided some important updates on the work carried out by OpenZeppelin on the OpenBrush contract library, intended to ease the development of Polkadot’s native ink! smart contracts. This includes the creation of easily implementable and extensible smart contract standards and translating Solidity contracts into ink!.

Felix Wegener, Security Services Manager of OpenZeppelin, said: “We made suggestions on how to change design choices, tooling, upgradeability and macros, and moving forward we see great promise in the ongoing developments of the Polkadot ecosystem.”

João Santos, Project Manager of OpenZeppelin, said his team had proposed open-source parachain runtimes and underlying FRAME pallets to accelerate the development and deployment of new and secure parachains.

He added: “We believe the initial step here is a generic runtime to allow projects to have a common base and start building immediately. Then we can start taking the learning we had developing this runtime, take the community feedback and then think about what’s next.”

New Ledger app coming

Juan Leni, CEO of Zondax, a major software developer for the Ledger hardware wallet, explained how his team is developing a new Ledger app for Polkadot that depends on verifiable metadata. He said: “I haven’t seen anything similar in other ecosystems. It will feature very minimal updates to the runtimes and to the wallets, we started research and development back in June.”

The single Ledger app can support any parachain in the Polkadot ecosystem, a boost for user experience of cold wallets on Polkadot, as previously, a separate app was required for each network. The app will feature clear signing of all transactions for maximum security.

His colleague Fernando Theirs said: “The integration for new parachains should be super simple. If you respect the metadata protocol it should be almost out of the box.”

Attendees also heard how Snowbridge, an Ethereum bridge to be built on the Polkadot Bridge Hub, is in position to deploy on the protocol’s canary network before the end of the year.

The plan is for each parachain to have its own dedicated messaging channel to Ethereum, unlocking a high degree of flexibility. Snowbridge is a trustless, decentralized mechanism for linking the Ethereum and Polkadot ecosystems, and is designed for general purpose.

About Polkadot

Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web.