Analog, a U.S.-based Web3 platform concentrating on omni-chain interoperability, has successfully closed its latest funding round, as announced on Feb. 12. The investment round saw participation from notable backers including Balaji Srinivasan, Mike Novogratz’s Samara Asset Group, Tribe Capital, NEAR, and others.
One of Analog's key components, The Timechain, operates as a Rust-based blockchain housing various validators such as Time Nodes and Chronicle Nodes. These validators play a crucial role in validating and relaying messages across different blockchains, facilitating seamless connectivity for various applications.
Rarimo Introduces 'Freedom Tool' for Biometric Authentication
Rarimo, a digital identity protocol built on the Tendermint Consensus and Cosmos SDK blockchain development kit, has launched Freedom Tool, an open-source software designed for conducting anonymized elections and polls. This innovative tool leverages a combination of zero-knowledge and blockchain technology to address the challenge of digital identity verification while safeguarding user privacy.
Citizens can prove their eligibility for voting by scanning their biometric passports using their smartphones. The software verifies the data stored on the biometric chip within the passport, issuing an anonymous voting pass upon authentication, which citizens then use to cast their votes securely.
Aave V3 Now Available on Ethereum Layer-2 via Scroll's Mainnet
Aave V3, in collaboration with Scroll, an Ethereum layer-2 network utilizing zero-knowledge technology, has been successfully deployed on the Scroll Mainnet. This deployment marks a significant milestone, offering users a secure, scalable, and user-friendly environment for participating in decentralized finance activities.
The integration of Aave V3 on Scroll's platform represents the beginning of a promising synergy between the two communities, providing enhanced opportunities for decentralized finance participants.
Lit Protocol Unveils 'Litv0' for Enhanced Data Security
Lit Protocol has introduced Litv0, a groundbreaking advancement in data security and management. Litv0 offers a comprehensive solution for developers to create, control, and manage secrets, keys, and private data effectively.
By combining identity-based encryption, secure hardware, blockchain technology, and IPFS, Lit Protocol ensures fault-tolerant key management and seamless integration with serverless functions, empowering developers with robust data protection capabilities.
Tezos Blockchain Upgrades with 'Oxford 2' for Enhanced Security
Tezos blockchain has activated its fifteenth upgrade, Oxford 2, introducing several key features aimed at enhancing security and usability. Notable enhancements include the introduction of private smart rollups for developers, improvements to the staking process for validators, and adjustments to slashing penalties.
The upgrade sets the stage for the upcoming main net launch of Etherlink, an EVM-compatible Layer 2 solution built on Tezos, powered by Smart Rollups.
These developments underscore Tezos' commitment to continual innovation and improvement within the blockchain ecosystem.
These updates reflect the dynamic landscape of Web3 technologies, signaling a transformative period in decentralized finance, digital identity, and blockchain infrastructure.