Filecoin Network Prepares for NV23 Upgrade with 'Waffle' Codename
Wednesday, July 31, 2024 5:27 AM
253
The Filecoin network is set to undergo the NV23 upgrade, also known as ‘Waffle’, aimed at improving network performance and integration with the broader blockchain ecosystem. South Korean exchange Upbit will temporarily freeze Filecoin (FIL) deposits and withdrawals starting August 6 to ensure a smooth transition during the upgrade. Users need not worry about their assets as services are expected to resume once the upgrade is complete. The upgrade will bring benefits such as faster transaction processing, simplified storage additions, and support for legacy Ethereum transactions. Stay tuned for updates on the NV23 upgrade and service resumption through official channels.
Buy Now at
Related News
2 days ago
Titan Network's Transformative Year: Milestones and Innovations in 20242024 has been a transformative year for the Titan Network, characterized by significant testnet launches, global events, and a rapidly expanding community across over 130 countries. The year kicked off with the Huygens Testnet, which ran from March 11 to April 22, achieving remarkable milestones such as 129,629 nodes and 642 TB of storage provisioned. This testnet aimed to enhance decentralized computing and storage, introducing points-based incentives for users to contribute idle resources, optimizing scheduling systems, and deploying smart contracts to improve transparency and trust within the network. Following this, the Herschel Testnet showcased further advancements, including the integration of WASM/JS environments and a Titan Test Chain based on the Cosmos SDK, which significantly broadened Titan's commercial capabilities.
The Cassini Testnet, launched on June 28, 2024, continued the legacy of exploration, introducing a Layer 1 public chain utilizing a DPoS consensus mechanism. This testnet aimed to enhance user engagement through new wallet functions and a rental-based incentive model for nodes. Throughout the year, Titan Network participated in numerous global events, including the Web3 Summit in Dubai and the Singapore FinTech Festival, where they received the Silver Partner Award for contributions to Web3 innovation. These events provided platforms for Titan to showcase its decentralized infrastructure solutions and engage with industry leaders, further solidifying its presence in the blockchain space.
As the year concludes, Titan Network has made significant strides in decentralized infrastructure, launching a mobile application and enhancing Titan Storage. The successful seed round fundraising led by Arrington Capital has fueled further innovations, while strategic partnerships with organizations like SFT Protocol and Filecoin Station have strengthened its ecosystem. Looking ahead, Titan Network is poised to continue its mission of building a more inclusive Web3 ecosystem, with gratitude to all participants who contributed to its journey in 2024. The future looks promising as Titan Network aims to push the boundaries of decentralized technology even further.
4 days ago
DePIN Crypto: Revolutionizing Infrastructure Through DecentralizationDePIN Crypto, or Decentralized Physical Infrastructure Networks, is gaining significant attention in the crypto landscape of 2025, presenting a transformative approach to traditional infrastructure. This model leverages blockchain technology to decentralize control over critical resources, such as data storage and wireless systems, challenging the dominance of tech giants like Microsoft and Amazon. With a market cap of $31 billion, DePIN projects are poised to disrupt various sectors by tokenizing infrastructure and rewarding users with cryptocurrency for their contributions. The ecosystem is divided into two main categories: Physical Resource Networks (PRNs), which include projects like Helium and Hivemappers, and Digital Resource Networks (DRNs), represented by Filecoin and Akash Network.
Leading the charge in decentralized infrastructure is Sui DePIN, which operates on the SUI blockchain. This project aims to empower users by allowing them to control AI models and profit through a tokenized framework. Following a successful IDO launch in 2024, Sui DePIN has attracted over 200,000 active users and boasts 1.5 million AI nodes, thanks in part to partnerships with Aethir Cloud and AWS. The project's momentum is evident as it prepares for a listing in January 2025, with plans to further expand its user base and capabilities.
In addition to established DePIN projects, the emerging Meme Index presale is capturing investor interest. This decentralized platform targets the volatile meme coin market with its $MEMEX token, which has already raised over $1.6 million. The presale offers access to various curated indexes, catering to different risk appetites. With a staggering dynamic APY of 5,631% for early buyers, the Meme Index presents a unique opportunity for investors looking to capitalize on the evolving landscape of decentralized finance and meme coins. As DePIN continues to reshape traditional systems, it opens new avenues for innovation and investment in both digital and physical infrastructure.
4 days ago
DIMO Ignite Grants Program: Fueling Innovation in the EcosystemThe DIMO Ignite Grants Program has been launched to enhance the DIMO ecosystem by providing milestone-based funding to developers creating infrastructure and applications that improve the platform's utility and scalability. The program aims to attract builders who may lack capital and encourages open-source contributions, thereby fostering resilience within the DIMO network. The initiative emphasizes efficiency, aiming for a swift review process of 2-3 weeks for grant applications, with payments arranged within a week upon milestone completion.
The grant program categorizes funding into several areas, including application developers, hardware product development, and data integrators. Developers can receive Data Credits to cover costs associated with using the DIMO Protocol, as well as retroactive grants for successful app launches. Specific bounties are also available for innovative applications, such as a vehicle NFT sharing social network or a trip tracking app, with rewards ranging from $20,000 to $15,000. Additionally, DIMO builders can benefit from incentives offered by Base, a low-cost Ethereum layer 2 incubated by Coinbase, which includes opportunities for seed investment and retroactive funding.
DIMO is committed to decentralization and enhancing its developer tools, encouraging contributions that expand the platform's capabilities. The program is not an investment fund, and its success will be measured by the growth and resilience of the DIMO network rather than traditional ROI metrics. By broadening the pool of vehicles and data sources, DIMO aims to increase accessibility for drivers and value for app developers, ultimately enriching the connected car experience and beyond. The Ignite Grants Program represents a significant step towards realizing these goals, fostering a vibrant community of developers and innovators within the DIMO ecosystem.
4 days ago
Anyone Project's Technical Advancements and Future Prospects for 2025As we step into 2025, the Anyone project has made significant strides in its technical developments throughout December. The completion of the AO distribution and its transition to testing marks a pivotal moment in the project’s evolution. Key features such as access control have been integrated into the new distribution logic, enhancing the Smartweave implementation. This allows for a more granular definition of roles within contracts, including Owner, Admin, and Operator, thereby enabling detailed permissions management. The internal running of the AO version of the distribution, alongside the modifications to the dashboard for the new relay rewards contract, sets a strong foundation for future enhancements.
In addition to protocol advancements, the Anyone project has made substantial progress in architecting a delegated staking mechanism. Collaborating with Austin Seiberlich from CoinCraft, the team has developed a model to counter economic attacks on the network, leading to the creation of a delegated family staking system. This innovative approach not only enhances security but also allows the AO processes to deliver staking rewards in various currencies. The merger of the registrator and facilitator smart contracts, along with the development of a new staking controller, exemplifies the project’s commitment to versatility and adaptability.
On the hardware front, the manufacturing of customized encryption chips is underway, and partnerships with Freshminers aim to broaden distribution channels. The Forte Group's network team has successfully implemented a metrics service to gauge active user numbers while maintaining anonymity, showcasing the network's global reach. Furthermore, the release of the Android Maven repository marks a significant step towards a comprehensive mobile SDK offering. As the project continues to evolve, its focus on censorship resistance, economic value, and revenue generation positions it for robust adoption in the coming year. The Anyone protocol is indeed shaping up to be a transformative platform for all users.
5 days ago
iExec Partners with CV Labs to Drive Innovation in Privacy-First Web3 ApplicationsOn January 2nd, 2025, iExec, a pioneering platform in the Web3 space, announced strategic collaborations with prominent venture capital firms and foundations, including CV Labs. As a leader in Decentralized Confidential Computing (DeCC) and an innovator in Decentralized Physical Infrastructure Networks (DePIN), iExec provides essential tools for developing privacy-first applications. These applications empower users to maintain full control over their data and assets. The iExec Grants Program, which supports platform building with tailored assistance, exemplifies their commitment to fostering innovation in privacy-preserving technologies. This was highlighted during the Grants Pitch Day at Devcon 2024, where 16 finalists competed for grants totaling up to $500,000, showcasing the collaborative spirit that propels the Web3 ecosystem forward.
One of the standout projects from the event was Bridge23, a platform that incentivizes users for their data usage while training AI agents. Utilizing the iExec DataProtector tool, it ensures user privacy is safeguarded, allowing for secure monetization. This initiative underscores iExec's role in driving innovation in confidential AI, placing privacy and data ownership at the forefront of advancements in the field. The partnership with CV Labs further strengthens iExec's ecosystem, providing projects in CV Labs' incubation programs access to iExec's developer resources, thereby fostering innovation across various sectors, including DeFi and data management.
The collaboration between iExec and CV Labs not only enhances the exposure of participating projects but also connects them with potential investors, facilitating seed funding opportunities. This partnership aims to bridge cutting-edge technology with mentorship and funding, creating an environment where privacy-first Web3 applications can thrive. Nathan Chiron, Chief of Revenue & Ecosystem at iExec, emphasized that these strategic collaborations are pivotal in accelerating the innovation of confidential computing solutions, setting new standards for the AI and Web3 industries. Through these initiatives, iExec solidifies its position as a key enabler of privacy-first applications, empowering developers to build, own, and monetize digital assets confidently.
5 days ago
Silencio Network Achieves Historic $112 Million in DePIN FundraisingSilencio Network, a leader in noise intelligence, has made headlines with its recent partnership with Legion, achieving a remarkable $112 million in allocation requests for its decentralized physical infrastructure network (DePIN). This figure far exceeds their initial fundraising target of $500,000, marking a significant moment in the evolution of Web3 projects. Silencio's approach emphasizes community engagement, as they opted to accept only $1.3 million of the requests, focusing on sustainable growth rather than large capital influx. This decision reflects a commitment to building a decentralized ecosystem that prioritizes user involvement and long-term viability.
The success of Silencio Network is indicative of a broader trend towards decentralized infrastructure solutions that address real-world issues, such as noise pollution, which affects millions globally. CEO Thomas Messerer highlighted the importance of a community-first strategy, stating that it resonates with users and fosters innovation. With operations in over 180 countries and a network of 460,000 sensors, Silencio processes more than 100,000 transactions daily, creating a comprehensive noise intelligence database that empowers individuals to make informed decisions about their living environments.
As Silencio prepares for its Token Generation Event (TGE) for the $SLC token, the project is poised to unlock new opportunities for user engagement and impact. The $SLC token, governed by the BlockSound Foundation, is central to Silencio's ecosystem, rewarding contributors and promoting sustainable network growth. With the DePIN market projected to grow significantly in the coming years, Silencio's innovative approach not only addresses the pressing issue of noise pollution but also paves the way for smarter urban living, ultimately enhancing the quality of life for communities worldwide.
Signup for latest DePIN news and updates