The two altcoins, which attract attention in the crypto money market in Turkey, have recently come to the fore with important developments. Here are the details…
There are new developments in the popular altcoin DOT ecosystem
The development of blockchain technology has benefited significantly from the Polkadot (DOT) ecosystem. The Layer 0 meta-protocol is known for connecting and securing the Blockchain, facilitating cross-chain data and asset transfers. As a result, the Polkadot ecosystem turned into a blockchain worth $7 billion, and the DOT coin has a daily transaction volume of about $225 million.
To improve its interoperability with blockchains, the Polkadot network has announced a strategic partnership with XCM, a cross-consensus messaging protocol. Specifically, XCM is a format that defines what kind of data is transferred during communication between different Blockchains and how they should be interpreted. As a result, decentralized applications that touch the Polkadot network can be scaled seamlessly with XCM technology.
Reportedly, more than half a million XCM messages have been sent in Polkadot and Kusama. With the release of the latest version of XCM, called XCM v3, many important new features are expected to be unlocked, including bridging to external networks, NFT exchanges, and enhanced programmability. Communication between blockchains has been tapped before and has contributed to tens of billions of dollars in losses. However, this trend will no longer be the case as Polkadot and XCM are working on a common goal of securing communication between different Blockchains.
Solana collaborates with Trycarbonara
Solana is the first Blockchain whose emissions are measured in real time, thanks to the Solana Foundation’s latest initiative. The foundation has teamed up with carbon data platform Trycarbonara to create an emissions tracker that provides comprehensive and accurate measurements of the blockchain’s footprint. The tracker’s data is updated in real time and changes dynamically depending on the throughput of the individual validators and the online/offline status of the validators. Emissions measurement includes the instrumentation of the underlying hardware and the geolocation of the validator and RPC nodes.
Solana’s emissions monitor also takes into account the environmental impact of changes and optimizations in energy consumption and includes embodied emissions based on production, transportation and end-of-life management of the Solana network’s hardware infrastructure. The dataset is rich in detail, open and free to use, making it possible to examine the sources of network emissions down to the confirmatory level. This allows validators, ecosystem projects and teams to explore mitigation strategies and their individual contributions to the network’s carbon footprint. By publishing this detail-rich, open and free-to-use data, the Solana Foundation hopes to set a new standard for measuring emissions in Blockchain.
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