Interoperability

Enhancing Ethereum with Solana: Rome Protocol Secures $9 Million Funding

Wednesday. July 10 at 8:30 AM

1 min. read

Rome Protocol has raised $9 million to merge Solana's features into Ethereum's Layer-2. The funding round attracted investors like Hack VC, Polygon Ventures, and Solana's Anatoly Yakovenko. By integrating Solana's capabilities, Ethereum rollups can utilize Solana as a shared sequencer, improving transaction speed, privacy, and scalability while reducing costs. Rome Protocol addresses concerns about Ethereum's isolated sequencer, liquidity fragmentation, and interoperability issues by enabling rollups to use Solana's validators for transaction processing. This approach leverages Solana's high TPS capacity and ensures atomic composability with Ethereum. The platform's shared sequencer architecture includes features like Rhea for fair sequencing, Remus for atomic transactions, Romulus for cross-rollup transactions, and Hercules for accepting transaction blocks from Solana. This initiative aims to simplify cross-chain interoperability for developers, allowing them to focus on application development using familiar technologies like OP Stack.

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Simplifying Crypto Transactions for Businesses and Users

Tuesday. October 29 at 6:30 PM

The adoption of cryptocurrencies is accelerating, creating a need for a reliable bridge between traditional finance (TradFi) and decentralized finance (DeFi). Unlimit, a global fintech firm, aims to streamline the exchange between fiat and digital currencies with its crypto on-ramp and off-ramp solution. Bryan Feng, head of crypto at Unlimit, discusses the firm's role in advancing the crypto ecosystem by offering fiat on- and off-ramps. These efforts are crucial for the growth of the Web3 space, especially for new projects requiring seamless integration between TradFi and DeFi. Unlimit's crypto solutions facilitate smooth transitions between fiat and digital currencies, enabling businesses to expand effortlessly and enhancing user engagement with digital assets. By providing essential infrastructure, partnerships, and services, Unlimit supports crypto companies in operating globally and launching financial solutions. Their AI integration enhances security and efficiency, while their focus on gaming finance showcases the potential for blockchain integration in various sectors.

Interoperability

Simplified Multichain Development with Etherscan v2 API Update

Friday. October 25 at 7:30 PM

Etherscan has launched its v2 API update, streamlining multichain development. The update allows developers to access data from 50 EVM-compatible blockchain networks using a single API key. This unique code serves as a digital ID badge, ensuring secure access to Etherscan's services. The new API includes a 'chainID' parameter, simplifying blockchain selection within a single API. Supported chains range from Ethereum to BNB Smart Chain and Polygon. Etherscan v2 aims to make application development on multiple chains more efficient, offering a unified management point for blockchain data. The update maintains backward compatibility with v1, reducing setup time and code complexity. While not all chain endpoints are currently supported, Etherscan plans to phase out v1 gradually. This move aligns with the trend towards standardized and accessible blockchain data, benefiting developers and users in the Web3 ecosystem.

Interoperability

Solving Blockchain Interoperability with Units Protocol

Tuesday. October 15 at 9:30 PM

Waves founder Sasha Ivanov is preparing for the 'end game for layer-2 scalability' with the launch of a new blockchain protocol called Units. At the Future Blockchain Summit in Dubai, Ivanov discussed how the Units project aims to address interoperability issues in the Web3 space, set to debut in October. Ivanov highlighted concerns about current blockchain vulnerabilities, citing major hacks on cross-chain bridges like Wormhole and Ronin resulting in nearly $1 billion in losses in 2022. He emphasized the need for a comprehensive solution to ensure all chains are interoperable without centralized bridges. Ivanov introduced Units as a protocol that inherently enables interoperability among blockchains by aligning economic guarantees across layers. He stressed the importance of interoperability for decentralized finance, proposing the development of cross-chain DApps on Units. Ivanov expressed optimism for future projects within the ecosystem, offering grants to support their launch.

Interoperability

Investment Partnership for Web3 Startups

Sunday. October 13 at 8:30 PM

Venture capital firms Gate Ventures and Boon Ventures have collaborated with Movement Labs to establish a new $20 million fund aimed at supporting Web3 startups. The fund will focus on developing Move-based protocols, particularly those connecting the Move network with Ethereum-compatible applications. Gate Ventures, the investment arm of crypto exchange Gate.io, revealed that the fund will invest in various Web3 sectors within the Move ecosystem, including DeFi, GameFi, NFT management, and interoperability solutions. Startups backed by the fund will receive mentorship, participate in hackathons, and have access to a research grant program for blockchain interoperability. Movement Labs, a protocol built on the Move programming language, recently raised $38 million in a Series A funding round to enhance cross-chain transactions and transaction sequencing. By supporting startups in both the Move and EVM ecosystems, the goal is to create a seamless blockchain environment for developers.

Interoperability