This week, the Toncoin, Sushi and Uniswap communities will vote on key changes that will shape the future of projects. Meanwhile, popular altcoins like Cardano and Shiba Inu (SHIB) introduced a number of new partners.
Shiba Inu (SHIB) continues its expansion with Welly Burger
Shiba Inu (SHIB) took over the Middle East’s second largest economy in partnership with Welly Burger. Welly’s co-founder Stefano Gugl suggested that SHIB-themed burger restaurant Welly relocate to Dubai, the second largest Arab economy.
In a tweet, Stefano Gugl is seeking partners or investors for a “game-changing fast food venture.” Gugl also mentioned that the move would be a chance to open a new store together under a new company, not a franchise. The founder had included plans to expand to New York in January.
TON validators will vote to suspend wallets holding $2.5 billion
The Open Network (TON) validators will vote to suspend 195 inactive addresses on the proof-of-stake blockchain, with a vote scheduled to begin February 21. These addresses currently hold $2.5 billion worth of TON tokens, representing 21.3% of the total supply.
For wallets to be suspended, at least 75% of validators must participate. If approved, the proposed suspension will last four years and affected addresses will not be able to take any action during the freeze period.
Sushi DAO implements offer to channel xSUSHI revenue to treasury
The Sushi DAO is poised to implement an action that will see all fees generated by xSushi holders diverted to the DAO’s treasury, following the results of the final vote earlier in the week. Previously, xSushi holders received 0.05% of every transaction, 10% of which were forwarded to the SushiSwap treasury wallet. After the offer was applied, the fee rate increased from 10% to 100% and there are no more token rewards for xSushi holders. Monday’s vote was unanimous, unlike the previous vote, which was a tight contest.
Uniswap preparing to be deployed on BNB Chain
The proposal to deploy Uniswap v3 on BNB Chain garnered early support and will now be submitted for full management voting at the Uniswap DAO. Data from the snapshot shows that 80% of the 6,495 wallets that participated in the preliminary surveys are in favor of the move. These voters tossed 20 million UNI tokens to support the proposal.
After voting, the proposal will now move to a full management vote. The proposal, revealing 0xPlasma Labs, aims to deploy Uniswap v3 on BNB Chain, with Celer selected as the bridge protocol of choice. If approved, BNB Chain will be the sixth network to support the popular decentralized exchange.
Vitalik Buterin shared his views on the promises and challenges of cryptocurrency wallets
In a recent development from Ethereum, Buterin has published a new “hidden addresses” guide to provide a high-level overview of the upcoming important development in Ethereum (ETH) privacy operations. In general, a private address is a new type of address that is visible only to the sender and receiver of this or that transaction. Functionally, it does not work unlike one-time email addresses, which are offered to protect users from spam messages after registering with various digital services:
Another way to look at it is this: private addresses provide the same privacy features as Bob generates a new address for each transaction, but does not require any interaction from Bob.
Cardano launches side chain software tools
According to the announcement of Input Output Global, the software company tasked with developing the Cardano protocol, the new Sidechain Toolkit will open up a multitude of new possibilities for all stakeholders in its ecosystem.
The company initially highlighted the key benefits the new side chain will bring, including the introduction of new platforms for further innovation and custom-built solutions, as well as improved revenue streams for Stake Pool Operators (SPOs) and delegates. You can check the details in the official announcement:
In another development from Cardano, IOG announced its collaboration with MLabs10 to create an auction reference implementation using Hydra protocols. Blockchain and fintech consulting firm MLabs10 will help build an auction’s reference implementation using the Hydra head protocol.
In a recent blog post from Cardano, he states that the partnership will begin with the introduction of an article that lays out the pros, cons, and barriers to conducting an auction, along with the necessary steps for the implementation phase:
cryptocoin.comAs you follow, Tim Harrison, vice president of Cardano (ADA), recently announced the new version, which will be implemented in February.
UDPN introduced in Switzerland in 2023
The Universal Digital Payment Network (UDPN) was introduced in Switzerland at the World Economic Forum (WEF) 2023, recently held in Davos. UDPN’s white paper describes the ecosystem as a distributed ledger technology (DLT). What SWIFT as a messaging system does for financial firms, UDPN aims to do for CBDCs and stablecoins. The network mirrors SWIFT as an option to remove barriers between stablecoins and central bank digital currencies (CBDCs).
TangleHUB launches decentralized storage solution for businesses
TangleHUB, a software development company specializing in decentralized storage solutions, has announced the release of its minimum viable product (MVP) for Hub Cloud. At the heart of Hub Cloud is PIPE, the open source decentralized storage and transport infrastructure. It eliminates any single point of failure and provides the necessary decentralization that delivers performance on par with other centralized solutions.
TangleHUB also conducted BETA testing for Hub Cloud, and customers gave the service full marks as they know that data is stored on the decentralized network.
Two giant brands plan to create a loyalty program on Polygon
According to the announcement made by brand membership platform Hang on its official Twitter account, the platform will partner with the famous tea store chain Cha Cha Matcha. As part of the agreement, the two brands plan to create a loyalty program on Polygon. The project will be the first fully integrated Web3 PoS solution.
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