Next Cardano Upgrade: The Cardano Improvement Proposal (CIP) 1694 is about to arrive.
With the update, each and every Cardano bearer now has the opportunity to take part in network governance.
The proposal aimed to rectify deficiencies found in the current governance framework.
Though it is still in debate, CIP-1694 has the potential to elevate the Cardano blockchain to the status of one of the most decentralised autonomous organisations (DAO).
Tales of Reductions at Polkadot
Rumour had it that Parity Technologies, the Polkadot developer, was letting go of 300 employees.
A Quick Look at Altcoins: The Latest on ETH, AVAX, DOT, ADA, and More,A Quick Look at Altcoins: The Latest on ETH, AVAX, DOT, ADA, and More
On the other hand, according to other insiders, the corporation is just decentralising teams.
Parity Technologies denied any rumours of layoffs and said that adjustments to its team will be made gradually in line with its new decentralised methodology.
Polkadot is pleased to announce the opening of a $22 million plus $5 million DOT fund for groups and people seeking to support the blockchain’s development.
Mastercard Investigates ETH, the King of Altcoins
Mastercard has initiated a pilot project wherein it would buy NFT using CBDC on the Ethereum Network in association with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre.
In parallel with the test, an equivalent number of wrapped prototype CBDC tokens were created on Ethereum and the CBDC was “locked” on the RBA’s pilot CBDC platform.
The project showcased technologies that would allow CBDCs to safely communicate with various blockchains.
The price of ETH petrol has never been lower. L2 Altcoin Assistance
Ethereum is notorious for having expensive fuel costs, yet the unimaginable has recently occurred. An all-time low was recorded for transaction fees.
The current low for petrol prices is 8.8 gwei, which is less than the 8.9 gwei low from earlier. One gwei is around $0.0338 for context 1.
Optimism, Polygon, and Arbitrum are examples of layer 2 solutions that are responsible for the decrease in petrol fees. Decongestion of a network is the goal of Layer 2 solutions, which may result in cheaper petrol prices.
The main Ethereum network’s reduced transaction volume is another factor contributing to the lower fuel costs.
Alcoins Come Together: AVAX, MATIC, and OKX
To promote the blockchain’s expansion in India, Ava Labs, the primary creator of the Avalanche Network (AVAX), has teamed up with OKX and Polygon.
Devika Mittal and Kamakshi Arjun, two former employees of OKX and Polygon, are being hired as part of the alliance.
The initiative encompasses adoption across several industries, including practical applications like as marriage documents, property records, and tickets.
A Quick Look at Altcoins: The Latest on ETH, AVAX, DOT, ADA, and More,A Quick Look at Altcoins: The Latest on ETH, AVAX, DOT, ADA, and More,A Quick Look at Altcoins: The Latest on ETH, AVAX, DOT, ADA, and More, Altcoins Crypto news, Altcoins News