In this week’s roundup, ConsenSys introduces Linea’s mainnet alpha, Ripple collaborates with Super How for the Axiology project, Mystiko brings private transactions to Polygon, the U.S. Federal Reserve launches FedNow, and the Bank of Japan’s CBDC Forum holds its inaugural meeting. Check out the latest developments in the world of blockchain and cryptocurrencies.
Chainspot team
🚀 ConsenSys’ Linea Launches Mainnet Alpha
ConsenSys has unveiled the mainnet alpha for Linea, its Layer 2 scaling solution based on zero-knowledge cryptography and compatible with the EVM. The alpha launch offers developers and node operators access to the rollup and ETH bridge user interface, promising cheaper and faster transactions on the Ethereum network.
🤑 Ripple Partners with Super How for Axiology Project
Blockchain giant Ripple has joined forces with Super How blockchain tech research lab to work on the Axiology project. Aiming to test and issue cryptocurrencies, including CBDCs and stablecoins, the project also intends to boost regulatory confidence in these assets. Built on the XRP Ledger, Axiology will explore new use cases for tokenized securities and facilitate the practice of issuing and using CBDCs, aligning with the European Union’s DLT Pilot Regime Regulation.
⛓ Mystiko Introduces Private Transactions on Polygon Mainnet
Mystiko has officially launched its private transaction feature on the Polygon mainnet, enabling users to securely store, transact, and manage various cryptocurrencies. With over 60k transactions and $54 million worth of crypto transitioned privately on Ethereum and BNB Chain, Mystiko aims to bring enhanced privacy solutions to the Polygon community. They are also set to conduct a ZK trusted setup ceremony to ensure a trust-less network.
🇺🇸 FedNow Launches Instant Payments Service
The U.S. Federal Reserve has unveiled FedNow, an instant payments service, aiming to expedite money transfers within the nation’s economy. While some fear it may challenge cryptocurrencies’ payments use case or act as a precursor to a digital dollar, the Fed asserts that FedNow is not related to any central bank digital currency (CBDC) plans.
🇯🇵 Bank of Japan’s CBDC Forum Holds Inaugural Meeting
The Bank of Japan (BOJ) has initiated its first meeting with the “Central Bank Digital Currency (CBDC) Forum”, comprising 60 private entities from various sectors. The newly-formed group aims to discuss the potential development of a digital yen, with two working groups established to explore system design and additional use cases beyond basic payments. The BOJ closely monitors global CBDC trends, particularly the digital euro, as it continues its research and pilot phase to assess the feasibility of a digital yen.
Stay at the forefront of the ever-changing crypto and DeFi landscape and maximize your investments. Discover new opportunities today!
Chainspot team
