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Token Freedom Unleashed: The Unveiling of Shibarium Bridge Withdrawals

Aug 29, 2023 at 12:56 pm

Blockchain Tech Buzz: Recent Advancements and Unveilings

On August 28, the eagerly awaited introduction of token withdrawals via the Shibarium bridge has been successfully realized, marking a significant stride in the world of blockchain technology. Despite the initial excitement, the launch encountered setbacks due to software glitches, resulting in the immobilization of substantial funds within the network. Shibarium, an Ethereum layer-2 network that emerged from a fork of Polygon, employs SHIB tokens as transactional fees, strategically contributing to the evolution of Shiba Inu's standing as a noteworthy blockchain initiative.

The developments on August 27 bring Binance Labs into the spotlight as it discloses a strategic investment in Delphinus Lab, an industry trailblazer in the zkWASM sphere. Delphinus Lab is at the forefront of deploying zero-knowledge (ZK) cryptography within WebAssembly (WASM) environments. The financial infusion will drive the advancement of zkWASM Hub, Delphinus's application rollup platform. WASM, a nascent programming ecosystem, finds its application across multiple blockchains such as Cosmos and Polkadot, offering an alternative to Ethereum's EVM. It has garnered adoption across diverse networks, including Binance Smart Chain and Avalanche.

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On August 24, Num Finance, recognized as a prominent stablecoin issuer, introduces nCOP—a token pegged to the Colombian peso—operating on the Polygon network.

Simultaneously on August 24, the 1inch Network, a notable decentralized exchange (DEX) aggregator, successfully establishes its presence on Coinbase's innovative layer-2 blockchain platform, Base.

In parallel, Radix Publishing, entrusted with the code of Radix—an inventive layer 1 smart-contract platform—announces the imminent launch of the final update for the Olympia Protocol. This development paves the way for Radix's upcoming Babylon mainnet migration scheduled for the end of September.

Furthermore, Pancake Swap, a decentralized exchange platform, extends its reach to the Ethereum layer-2 blockchain Linea through the efforts of Ethereum developer Consensys. PancakeSwap, already accessible across a range of networks including Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum, continues its expansion trajectory.

On August 23, Unstoppable Domains, a pioneering force in digital identities inclusive of crypto addresses, introduces a groundbreaking "messenger feature powered by XTMP." This innovation empowers holders of UD domains and Web3 wallet addresses to communicate seamlessly across the blockchain. This breakthrough enables decentralized, end-to-end encrypted messaging, catering to various needs—from casual conversations to facilitating NFT trades and domain negotiations—thus nurturing the growth of vibrant Web3 communities.

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