A closely followed crypto strategist says he’s gobbling up seven altcoins as he believes the markets are about to enter a bull market cycle similar to the parabolic rally witnessed in mid-2020. Pseudonymous analyst The Flow Horse tells his 200,900 followers on the social media platform X that the crypto markets are about to head […]
The post Top Trader Abruptly Accumulates Seven Crypto Assets, Says ‘Craziness Period’ Similar to 2020 Bull Cycle Ahead appeared first on The Daily Hodl.
Crypto intelligence platform DappRadar says user activity on one Ethereum (ETH) challenger exploded in 2023 as decentralized applications (DApps) saw remarkable growth during the period. According to DappRadar’s yearly industry report, smart contract platform Near (NEAR) recorded 302,000 new unique active wallets (UAWs) last year, marking a year-over-year (YoY) increase of 1,902%, the most out […]
The post Ethereum Rival Records Nearly 2,000% Growth in Unique Active Wallets Last Year: DappRadar appeared first on The Daily Hodl.
Kraken now supports new margin pairs for NEAR Protocol (NEAR) and Sei network (SEI)! Margin trading is now available using the below pairs for NEAR and SEI: Pair base Pair name Available leverage Long Position Limit Short Position Limit NEAR NEARUSD 3 8000 10000 SEI SEIUSD 2 40000 45000 Here’s what you need to know […]
The post Expanded margin pairs available for NEAR and SEI! appeared first on Kraken Blog.
A crypto strategist believes that one altcoin that’s flying under the radar is gearing up for a big breakout surge. Pseudonymous analyst The Crypto Dog tells his 755,600 followers on the social media platform X that the native asset of the decentralized exchange (DEX) GMX (GMX) is forming a huge bullish pattern on the weekly […]
The post Trader Predicts Breakout Rally for Decentralized Exchange Crypto, Says Altcoin Looks Very Strong appeared first on The Daily Hodl.
A closely followed crypto strategist believes that Ethereum (ETH) is gearing up for a big rally next year after a bullish December. Pseudonymous analyst Rekt Capital tells his 380,300 followers on the social media platform X that Ethereum looks primed for an over 20% surge if it manages to end December above the key resistance […]
The post Trader Predicts Rallies for Ethereum Following Strong December, Updates Outlook on Two ETH Challengers appeared first on The Daily Hodl.
A widely followed crypto analyst says that there’s a chance that Bitcoin’s (BTC) recent rally may be tapped out. Crypto analyst Michaël van de Poppe tells his 679,000 followers on the social media platform X that the buzz surrounding BTC generated by rumors of an exchange-traded fund (ETF) approval has probably reached a limit. “Bitcoin is […]
The post Crypto Analyst Weighs In on Bitcoin (BTC), Two Top Ethereum Layer-2 Solutions and One ETH Competitor appeared first on The Daily Hodl.
A closely followed crypto strategist thinks that one Ethereum (ETH) rival that’s flying under the radar will see a big spike in market capitalization. Pseudonymous analyst The Crypto Dog tells his 750,500 followers on the social media platform X that the smart contract platform Near (NEAR) is currently trading below its fair value. According to […]
The post Analyst Says This ‘Incredibly Undervalued’ Ethereum Rival Is a Contender for Top 10 Largest Crypto Assets List appeared first on The Daily Hodl.
Crypto analytics firm Santiment is warning about Solana (SOL) and two other altcoins based on one key metric. The firm says that the discussions of Solana on social media platforms are soaring, which often signals a market top. Social media discussions are also rising quickly for Stacks (STX), a project that aims to enable smart […]
The post ‘Take a Cautious Approach’ – Santiment Issues Warning on Solana, NEAR Protocol and One Bitcoin Ecosystem Altcoin appeared first on The Daily Hodl.
The crypto intelligence platform DappRadar says that the blockchain gaming sector witnessed a surge in the number of new users last month. DappRadar notes in a new blog post that the sector reached more than one million daily unique active wallets (dAUW) in October, a 16% increase from the previous month. Gaming represented 33% of […]
The post Blockchain Gaming Sector Surges to More Than 1,000,000 Daily Unique Active Wallets, According to DappRadar appeared first on The Daily Hodl.
The Polygon CDK will soon include a “zkWASM” prover, allowing Web Assembly networks to integrate with the broader Polygon ecosystem.
The developers of the Near and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov. 8. The new prover, called “zkWASM,” will for the first time allow WASM-based networks to join the Polygon ecosystem.
Zero-knowledge, meet Web Assembly.
— NEAR Protocol | NEARCON | November 7-10 | Lisbon! (@NEARProtocol) November 8, 2023
The NEAR Foundation and @0xPolygonLabs are set to deliver the future of zero-knowledge for WASM based blockchains with zkWASM.
Empowering greater security, scalability, developer flexibility, and interoperability in the open web
zkWASM will… https://t.co/vNtYr42I9N pic.twitter.com/D1BIztjMI9
WASM is a binary instruction format that was developed for use in web browsers. Some blockchain networks also use it as a computation engine instead of the Ethereum Virtual Machine (EVM). For example, Near, Stellar, Polkadot and Internet Computer all use WASM instead of EVM.
Related: Stellar joins Bytecode alliance to help develop EVM alternative WASM
According to the announcement, the new zkWASM prover is “in active development and should be available next year.” Once completed, it will be integrated into Polygon’s chain development kit (CDK), which allows developers to spin up custom blockchain networks based on the initial parameters they set. This means that developers will have the option to use the CDK to create WASM networks and integrate them into the broader Polygon ecosystem, including the Ethereum mainnet itself.
According to Illia Polosukhin, co-founder of Near, the zkWASM prover will allow the network to integrate more with Ethereum, improving liquidity for users:
“NEAR is integrating more with Ethereum by innovating in new research frontiers, and the shared expertise of NEAR and Polygon will expand the ZK landscape and defragment liquidity across chains.”
The announcement also stated that zkWASM will be used to improve validator efficiency on the Near network itself, as the zero-knowledge proof process will cut down on computational overhead compared to the current work of validating a shard. This means that the Near network will obtain “better scalability and increased decentralization,” it stated.
Polygon is attempting to build a multichain ecosystem, which it calls “Polygon 2.0.” The new system will feature bridges that use zero-knowledge proofs to transfer assets from one chain to the other. In September, the developer unveiled plans to replace the Polygon network’s current native coin, MATIC (MATIC), with a new one called POL.
