Bounce Newsletter 10/22
Welcome to the latest edition of The Bounce Newsletter, your guide to the ever-evolving realm of blockchain technology. In this installment, we embark on a journey through the cosmos of Web3, unveiling some intriguing developments that are shaping the future of this digital frontier.
Bounce Finance Updates: Telegram Bots, Stake Auction, Upcoming IDOs
The Bounce team is hard at work developing the Bounce Telegram Bot designed to enhance community-based transactions. Unlike typical crypto bots that offer generic solutions, the Bounce Telegram Bot is unique. We prioritize customization, enabling projects to have bots tailored to their telegram community’s needs. The Bounce Telegram Bot is very versatile, allowing diverse configurations like auctions, order books, and automated market makers (AMM). Once customized, the Bounce bot can be integrated into the project’s Telegram channel, transforming how community members interact directly within their groups, fostering greater engagement and enhancing the user experience. As it stands, we’re almost finished with designing the Bounce Telegram Bot for both PC and mobile, having it undergone thorough testing. We’re now refining the final user experience nuances.
Meanwhile, Bounce Finance is developing another new product, the “Stake Auction.” This service empowers users to stake a variety of tokens in return for enticing rewards. Notably, among these rewards is the opportunity to secure allocations in Initial DEX Offerings on the Bounce Launchpad. The Stake Auction doesn’t just benefit individual users; it presents a golden opportunity for projects. By collaborating with Bounce Finance through Stake Auction, projects can foster deeper connections and more actively engage their communities, driving mutual growth and enhanced participation.
In this upcoming week, expect a flurry of activity: Bounce Finance is partnering with DIP Exchange and Create Protocol to launch the $DGT fair launch and the $CREATE public sale respectively. Stay tuned for these exciting opportunities!
Scroll Officially Launces Its Mainnet
In a groundbreaking moment for the cryptocurrency community, Scroll has officially launched its Mainnet. Scroll, founded in 2021, is on a mission to scale Ethereum. This milestone comes after a rigorous 15-month journey of extensive testing and security audits, showcasing their unwavering commitment to delivering a secure and efficient scaling solution. Scroll’s origins trace back to zero-knowledge proofs research, a breakthrough that led to the creation of zkEVM. The zkEVM offers a familiar Ethereum-like environment but with lower costs, higher speeds, and virtually unlimited scaling potential. What’s remarkable is that Scroll’s zkEVM is open-source, which highlights their dedication to open collaboration with the crypto community. This approach ensures seamless migration for developers and applications from Ethereum to Scroll, with compatibility extending to all EVM opcodes. In terms of security, Scroll’s code is fortified with battle-tested cryptographic libraries and regularly reviewed by the crypto community. Notably, four prestigious firms conducted external audits, further enhancing the project’s security. Their commitment to safety extends to launching a well-funded bug bounty program, inviting the crypto community to participate in fortifying the platform’s security.
BNB Chain Launches Greenfield : Revolutionizing Data Storage
The blockchain landscape continues to evolve as BNB Chain launches Greenfield, a revolutionary blockchain designed for decentralized data storage and management. Greenfield introduces a pioneering network architecture, allowing users to upload files and data while customizing access controls. What sets Greenfield apart is its decentralized data storage approach, avoiding the conventional practice of storing data directly on the blockchain. Instead, it utilizes the blockchain to manage access rights, metadata, payments, and incentives, while the actual data is stored off-chain by a network of storage providers. This unique architecture achieves exceptional performance without sacrificing decentralization. Users can anticipate blazing-fast uplink speeds of 30MB/s and downlink speeds of 300MB/s.
Additionally, Greenfield seamlessly integrates with BNB Smart Chain, offering new data-focused use cases for developers and users. The true innovation of Greenfield lies in empowering users to have complete control over their data. Files are encrypted locally before uploading, and users can assign granular access controls, ensuring utmost privacy and security. Even storage providers cannot decrypt user files without user permission, a significant leap in data security and privacy. Greenfield doesn’t stop at data storage; it enables new economic models for data, allowing users to set prices for data access and create data marketplaces for the free exchange of information.
Coinbase-Incubated Base Open-sourced Its Code Repositories
In a significant stride toward transparency and community collaboration, Coinbase-incubated Layer 2 network Base has open-sourced its code repositories. The motivation behind this move is to foster greater transparency in the crypto space. By openly sharing their code, Base enables the crypto community to track their progress, ensure they uphold their commitments, and participate in collaborative efforts. Base’s commitment to openness is evident in making all code, including contracts and deployments, accessible on GitHub. This open-source approach aligns with the core ethos of the crypto industry, emphasizing transparency and community-based auditing. Base has taken it a step further by offering a bug bounty payout to encourage developers to explore and audit the codebase. This approach ensures that vulnerabilities can be identified and fixed promptly, enhancing the security of the entire network. Furthermore, Base has open-sourced its web properties, such as base.org, docs.base.org, and bridge.base.org, creating a transparent environment for developers to contribute and offer feedback.
Trust Wallet’s Brand Identity Upgrade
Trust Wallet, a prominent and widely-used decentralized cryptocurrency wallet, has unveiled a significant upgrade to its brand identity. This transformation encompasses a new logo, a modern application design, and an enhanced user interface. The rebranding initiative is centered around the motto “Trust Yourself,” underscoring Trust Wallet’s commitment to providing an optimal user experience for both newcomers and professionals in the crypto space. This brand upgrade marks a pivotal milestone in Trust Wallet’s journey, emphasizing its role as a trustworthy gateway to the world of Web3. With this move, Trust Wallet aims to increase accessibility to Web3 for a new generation of users. The design overhaul features a dynamic two-tone palette, Trust Blue and Trust Green, ensuring compliance with the highest visual accessibility standards in both light and dark modes. Users can look forward to an improved navigation experience, making it easier to access wallet-switching and discover tokens. The introduction of a new shield logo symbolizes an unparalleled level of security across all Trust Wallet applications.
Polygon Proposes Council For Decentralized Governance
Polygon, a pioneering scaling solution for the Ethereum blockchain, has put forth an exciting proposal, introducing the concept of a “Polygon Protocol Council.” This proposal signifies a significant step towards a more decentralized governance style in the crypto world. Comprising 13 inaugural members, including notable representatives from Coinbase and the Ethereum Foundation, the Polygon Protocol Council aims to oversee changes to system smart contracts related to Polygon protocols. This initiative is known as PIP 29 and carries the responsibility for implementing time-limited changes to system smart contracts for existing and future Polygon protocols.
The establishment of this council represents a crucial aspect of the Polygon 2.0 roadmap, which seeks to decentralize governance while maintaining security and responsibility. In this model, if council members wish to execute changes to the Polygon blockchain, they must do so through a Gnosis Safe contract. This move underscores Polygon’s commitment to decentralization and the importance of community involvement in governing its ecosystem. It’s worth noting that this proposal is just the beginning, and Polygon plans to involve the community in determining the council’s membership and terms through direct feedback, proposals, and on-chain voting components. The broader goal is to further decentralize governance for Polygon protocols in a secure and responsible manner.
As we navigate the ever-expanding blockchain galaxy, these developments are just the tip of the iceberg. Stay tuned for more exciting insights and innovations in the Web3 world.
About Bounce Finance
Bounce Finance is a decentralized platform dedicated to meeting the evolving needs of the Web3 space. Established in 2020, Bounce Finance is proudly known for outstanding user experience and seamless integration of blockchain technology in trading both digital and tangible assets. We provide a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auctions, and SDK. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects.
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