Interoperability

Introducing ERC-7683: A New Standard for Cross-Chain Trade Execution

Friday. August 9 at 5:00 PM

1 min. read

Uniswap Labs and Across Protocol have teamed up to propose ERC-7683, a standard for cross-chain trade execution. The goal of this initiative, as outlined in a recent post by Uniswap Labs, is to establish a unified framework for cross-chain intents and enhance interoperability among decentralized networks. The proposal is now available for public review on the Ethereum Magicians forum, aiming to provide a structure that various decentralized platforms can adopt to enhance user experience and trade efficiency. Ethereum co-founder Vitalik Buterin has voiced his support for ERC-7683, calling it an open standard for executing cross-chain orders. The standard incorporates features like batching and Merkle proving to streamline cross-chain transactions. Additionally, ERC-7683 introduces the CrossChainOrder struct code to simplify order management and includes a standard smart contract interface, ISettlementContract, to further enhance cross-chain efficiency.

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Potential Partnership Between Cardano and Internet Computer Protocol (ICP)

Tuesday. February 4 at 6:00 AM

Charles Hoskinson, the founder of Cardano, hinted at a possible collaboration with Internet Computer Protocol (ICP). He praised the ecosystem's potential, suggesting a partnership could be on the horizon. Despite a recent market crash causing a 20% dip in ADA token value, it has since recovered. A post by Cardano enthusiast 'Angry Crypto Show' hinted at a collaboration with ICP, quoting Hoskinson's openness to working with Dominic Williams, the founder of ICP. Williams responded positively, expressing interest in integrating with Cardano. The crypto market saw a downturn, but ADA's price has rebounded, currently at $0.7845 with a 1.55% decline in the last 24 hours. ADA's trading volume surged by 305.34% to $4.78 billion, with a market cap of $27.6 billion. The successful Plomin Hard Fork upgrade has led Cardano towards full decentralization and on-chain governance, potentially paving the way for further ecosystem enhancements and a bullish market trend.

Interoperability

LayerZero Labs Settles Legal Dispute with FTX Estate

Saturday. February 1 at 1:00 PM

After a lengthy legal battle and substantial legal costs, LayerZero Labs has finally reached a settlement with the FTX estate. With this issue resolved, LayerZero can now focus on expanding its omnichain infrastructure to maintain its position in blockchain interoperability. The conflict originated from FTX Ventures' involvement in LayerZero Labs' funding round, leading to accusations of exploiting financial difficulties. The settlement, confirmed by LayerZero's CEO, involves returning funds and signifies a shift towards growth. This resolution has been viewed positively by industry experts, boosting LayerZero's ZRO token value. The company's ability to navigate legal challenges while advancing its technology underscores its resilience in the blockchain sector. Meanwhile, FTX estate is progressing with its repayment process, while founder Sam Bankman-Fried faces ongoing legal issues. The settlement marks a significant step for LayerZero's future amidst a changing crypto landscape.

Interoperability

Emerging Cryptocurrency Trends

Saturday. February 1 at 12:00 PM

The cryptocurrency sector is abuzz with recent developments. Qubetics ($TICS) has exceeded $11.5 million in its presale, indicating strong investor interest. SUI's Total Value Locked (TVL) now rivals Solana's, showcasing its growth in decentralized finance. Chainlink strengthens its position through key partnerships, while Kaspa's innovative approach garners attention. Qubetics aims to address past crypto challenges by focusing on interoperability and user-friendly applications. Its Web3 aggregator connects DApps, DeFi services, and blockchain ecosystems seamlessly. SUI's low-latency asset management and Sui Bridge for interoperability with Ethereum make it a compelling investment. Chainlink's oracle network and partnerships enhance smart contract functionality, while Kaspa's GHOSTDAG protocol ensures rapid transactions and scalability. These projects, including Qubetics, SUI, Chainlink, and Kaspa, offer unique advancements and market potential for short-term gains in the crypto market.

Interoperability

Charles Hoskinson's Priorities for Cardano in 2022

Monday. January 20 at 2:00 AM

Charles Hoskinson, the founder of Cardano, has outlined his key objectives for the network this year. His goals include integrating Bitcoin into Cardano's DeFi ecosystem, improving network scalability, and exploring broader interoperability through potential partnerships. Hoskinson's strategy focuses on strengthening Cardano in three crucial areas. A significant aspect is the incorporation of Bitcoin liquidity into the DeFi ecosystem, which he believes will drive long-term growth. He also plans to enhance scalability with updates like Leios to handle increased transaction volumes effectively. Additionally, Hoskinson hinted at a collaboration with Chainlink to boost interoperability and foster integrations across ecosystems. The network's stablecoin adoption is another priority, with efforts to bridge the gap with rivals like Tron and Ethereum. Hoskinson's vision is to make Cardano a connected 'peninsula' rather than an isolated 'island' in the blockchain space.

Interoperability