Discover more from Stakin Proof-of-Stake Roundup
Stakin Bi-Weekly Reads Vol. 10
Everything You Want To Know About The Latest In PoS Blockchain
Another two weeks have gone by, and as always the proof-of-stake blockchain is buzzing with the news. Read what has been going on these last two weeks:
Stakin Has Become a Validator for Polkadot!
Binance Lists Terra (LUNA)
ICON Jeju Island MyID
Serum x Solana Collaboration
Prediction Market DApp on NEAR
Coinbase Custody Now Supports Solana
🚀 Stakin Has Become A Validator For Polkadot!
After many questions of our lovely community, we’ve finally been able to create a validator address and are now participants in the amazing Polkadot Ecosystem. If you’re wondering how you can delegate your assets to Polkadot, we’ve created a step-by-step tutorial for you here.
We’re now up and running on Polkadot with validator address:
🌏 Binance Lists Terra
In other great news, Binance has started listing Terra (LUNA) and open trading for LUNA to BTC, BNB, BUSD, and USDT. All Terra stakeholders can now deposit LUNA and trade with this much anticipated digital asset.
For those wondering what the Terra Blockchain is, it is the creator of the Luna Token, Terra Core, and the blockchain payment solution CHAI. The Terra Protocol’s mission is to free people from the hidden fees embedded into everyday payments. They want to strip away all inefficiencies by using blockchain. The design of the Terra Protocol is based on two things: stability and adoption by e-commerce platforms. For more information, click here.
🧑🚀 ICON Jeju Island MyID
In the week of the 22nd of August, a My-ID related app was found on the Appstore by some ICON community members. However, initially, no one knew what this fabled My-ID app was and everybody continued waiting for new developments.
And then, ICONLOOP made the announcement that the app was called Zzeung. Over the past few months, many of us were meant to believe that My-ID would only utilize a private chain exclusively, with little public chain interactions to start. In fact, this narrative has been one of the prevailing arguments against ICON since the inception of the project. With the launch of Zzeung, this has turned out to be incorrect. Zzeung is a COVID-19 contact tracing app deployed on Jeju Island that utilizes the ICON public chain and MyID technology.
Following this success, Korea’s second-largest commercial bank, Shinhan Bank has announced a partnership to implement ‘Zzeung’ by ICONLOOP in order to issue KYC compliance certificates.
🏎 Serum x Solana Collaboration
As usual, some very exciting news coming from Solana. This time FTX has chosen Solana for Serum: A High-Speed, Non-Custodial Decentralized Derivatives Exchange. Serum will be a completely, non-custodial spot and derivatives exchange running on an on-chain central limit order book (CLOB) on Solana’s Mainnet. To maximize access to Serum, Serum will support cross-chain asset swaps, decentralized stablecoins, oracles, and non-custodial wrapped BTC, BCH, BSV, LTC, and more. Serum will decentralize the entire DeFi stack. Nothing will be left centralized.
📱Prediction Market DApp on NEAR
In other great network and blockchain news, the NEAR Protocol now has a prediction market DApp. The DApp is called Flux and is a scalable open market protocol that enables the creation of markets for any events or assets. The protocol is developer-friendly and allows anyone to incorporate open markets into their application. The Flux Open-Source App provides a Robinhood-style trading experience that is planned to rival existing Web 2.0 apps.
Check out the video to see what it is all about.
💰 Coinbase Custody Now Supports Solana
More good news from Solana, for anyone using the Coinbase Custody wallet, they can now use it for their Solana (SOL) assets too. In the announcement on the 27th of August, Bison Trails stated that Coinbase Custody users would be allowed to delegate Solana (SOL) tokens to Bison Trails’ enterprise-grade validators.
Bison Trails has offered their support for Solana, allowing token holders to run their own validators or delegate to the Bison Trails validator. In April, Coinbase Custody already enabled Polkadot (DOT) staking. Solana is the next addition.
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.