Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism

    IBC is going to allow assets to move between blockchains without the high level of risk inherent to bridging. When I entered crypto, I succumbed to the contest between blockchain ecosystems, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms…

    Cardano, Polkadot, Kusama lead in development activity over the past month

    Over the past month, the highest blockchain development activity was recorded in Cardano (ADA), Polkadot (DOT), Kusama (KSM), Cosmos (ATOM), Decentraland (MANA), and Ethereum (ETH) – data from Santiment revealed. Development activity indicates a project’s dedication to creating a viable product. According to Santiment, Cardano (ADA) is currently the most actively developed crypto. Multiple innovations…

    Polkadot co-founder Gavin Wood steps down as CEO of the company behind the ecosystem

    Gavin Wood, the Polkadot co-founder, is stepping down as the CEO of Parity Technologies, the blockchain development company behind the Polkadot ecosystem. Björn Wagner will now lead Polkadot’s key backer company. Gavin Wood, a crypto developer who exited the Ethereum Foundation in 2015 and became Polkadot’s co-founder, will remain a majority shareholder in Parity Technologies….

    Tether launches USDT stablecoin on Polkadot blockchain

    Tether, the company that powers the largest stablecoin by market cap and the 3rd largest cryptocurrency, announced the launch of Tether (USDT) on Polkadot. The launch will allow Tether to move in and out of the Polkadot network. Tether, the largest stablecoin on the market, continues to expand its footprint in decentralized ecosystems with the…

    Acala stablecoin recovers dollar peg following burning 1.29 billion exploited aUSD

    Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg. These “extra” tokens were minted…

    Moonbeam helps to swap tokens between Cosmos and Polkadot

    Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis on July 23 to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. Simply put, this integration means it will be easy to transfer tokens between the two different blockchain ecosystems. Axelar Network will serve as the bridge infrastructure…