Lit Protocol Launches Event Listener for Enhanced Blockchain Interoperability
Tuesday, December 24, 2024 12:00 AM
810
The Lit Protocol has launched its new Event Listener server and SDK package, which is designed to enhance event-driven transaction execution. This innovative tool enables developers to utilize both on-chain and off-chain data to manage decentralized keys effectively. The Event Listener, implemented as a TypeScript library, allows for the creation of complex workflows, including the ability to listen to custom blockchain events, automate transaction triggers, and simplify the creation of Programmable Key Pairs (PKPs) and Capacity Credits. This functionality opens up a myriad of possibilities for developers looking to create responsive and automated systems within the blockchain ecosystem.
At the core of the Event Listener is a flexible state machine that empowers developers to define states and transitions based on monitored events. Key features include various listeners such as the EVMBlockListener for new blocks on EVM-compatible networks, the EVMContractEventListener for monitoring smart contract events, and the TimerListener for triggering events based on time intervals. The system is designed to be extensible, allowing developers to create custom listeners and tailor workflows to their specific needs. This flexibility is crucial for automating complex processes that can span multiple blockchain networks.
One of the standout capabilities of the Lit Event Listener is its support for chain signatures, which facilitate cross-chain interoperability. By using the Event Listener, developers can monitor events on one blockchain and trigger transactions on another, effectively bridging isolated ecosystems. For instance, a transaction request on one chain can be monitored and, upon receipt, used to construct and broadcast a transaction on a different chain using a Lit PKP for signature generation. This functionality not only enhances the automation of workflows but also significantly broadens the scope of what can be achieved in the decentralized landscape, making it a powerful tool for Web3 development.
Related News
2 days ago
4EVERLAND's Vision for 2025: Empowering Web3 Through InnovationAs we enter 2025, 4EVERLAND is poised to enhance its commitment to empowering Web3 developers and the global community through innovative decentralized technology. Building on the successes of 2024, which included scaling partnerships with leading protocols and launching advanced AI services, 4EVERLAND is focused on delivering cutting-edge infrastructure that supports the Web3 ecosystem. The upcoming year promises to be transformative, with a clear mission to enhance offerings and foster a community-driven approach as the company continues to BUIDL.
In the first quarter, 4EVERLAND will introduce the 4EVERBoost aggregator platform, designed as a one-stop Dapp launch solution for Web3 developers. This platform aims to streamline the application deployment process, allowing developers to optimize workflows and reach their target audiences efficiently. Additionally, the company plans to deepen partnerships with key players such as zkSync, Arbitrum, and Optimism, enhancing protocol interoperability to improve the overall developer experience and attract more projects to the 4EVERLAND platform.
As the year progresses, 4EVERLAND will launch a decentralized AI model marketplace in the second quarter, facilitating seamless integration of AI computing resources for developers. The introduction of the AI Worker will further simplify the deployment of large-scale AI models. In the third quarter, the open version of the 4EVER Node Network will empower community members to contribute idle resources, enhancing scalability and reliability. Finally, the fourth quarter will see the formation of a DAO, allowing token holders to participate in governance, thereby increasing transparency and community involvement in decision-making processes. Overall, 2025 is set to be a year of innovation and collaboration for 4EVERLAND, solidifying its role in the Web3 landscape.
2 days ago
Solana's Ambitious Vision: Carving a Unique Niche in the Blockchain Space2024 has proven to be a pivotal year for Solana, marked by a significant increase in developer activity and innovative advancements in decentralized physical infrastructure networks (DePIN). The Solana ecosystem is ambitiously positioning itself as a "decentralized Nasdaq," aiming to distinguish itself from competitors such as Ethereum and Layer 2 solutions like Base. In a recent episode of Unchained, Lily Liu, president of the Solana Foundation, and Mert Mumtaz, CEO of Helius, discussed the unique strategies Solana is employing to carve out its niche in the competitive blockchain landscape.
During the episode, the guests debated the potential of Base as a competitor to Solana, with Liu expressing confidence that Base does not pose a significant threat. They also addressed concerns surrounding the upcoming 2025 token unlocks, revealing that they are not particularly worried about the implications of these events. Furthermore, the conversation touched on Solana's innovative approach to miner extractable value (MEV) and how it could influence the network's future. The guests highlighted the reasons behind the influx of developers into the Solana ecosystem in 2024, emphasizing the platform's commitment to fostering unique innovations rather than merely replicating existing models from Ethereum.
The discussion also explored the potential of the Solana mobile phone to compete with established tech giants and the broader challenges facing the ecosystem. Mert Mumtaz shared insights on what network extensions mean for Solana, while both he and Liu underscored the importance of DePIN in showcasing the true value of blockchain technology. Their insights reflect a strong belief in Solana's vision and its capacity to endure amidst the evolving crypto landscape, positioning it as a formidable player in the years to come.
2 days ago
WeatherXM's Transformative Year: Funding, Token Launch, and New Products2024 has been a transformative year for WeatherXM, marked by significant achievements that have solidified its position in the weather data industry. The company successfully closed a $7.7 million Series A funding round led by Lightspeed Faction, with participation from notable investors such as Protocol Labs and Borderless Capital. This funding has accelerated the development of new products, including WeatherXM Pro, and expanded the network infrastructure to better serve its growing community. The launch of the $WXM token on the Arbitrum Mainnet on May 30 was another milestone, creating a sustainable incentive structure for weather station owners and increasing accessibility through listings on major exchanges.
In addition to the token launch, WeatherXM hosted two Weather Data License auctions, utilizing $WXM as the currency to commercialize its data. The acquisition of licenses by the WeatherXM Association and WeatherXM AG is essential for powering upcoming services like forecast accuracy tracking. The introduction of new weather stations, D1 and H2, has further enhanced the network, providing improved connectivity and reliability. With over 7,500 deployed weather stations, WeatherXM is expanding its global reach and improving weather forecasting, particularly in underserved regions through partnerships like the one with SwissBorg.
The official launch of WeatherXM Pro on November 18 has opened up access to hyperlocal weather data for developers and businesses, with 538 sign-ups reported. This platform leverages a robust Quality of Data algorithm to ensure accurate insights, benefiting industries such as agriculture and renewable energy. As WeatherXM continues to showcase its technology at major events and build partnerships within the web3 community, the company is poised for an exciting 2025. With plans for further developments and a roadmap release in January, WeatherXM aims to become the largest decentralized weather network, driven by community support and innovation.
3 days ago
Roam Emerges as the Largest Decentralized Wireless NetworkRoam, a decentralized wireless network, has rapidly established itself as the largest Decentralized Physical Infrastructure Network (DePIN) globally, boasting over 1 million nodes and 1.7 million users. The platform's growth has been particularly remarkable following the launch of Roam eSIM, which resulted in a doubling of its user base within just 50 days. Roam's ecosystem is designed to integrate Wi-Fi nodes, routers, and eSIMs, providing users with secure and cost-effective solutions while also incentivizing participation in the network. This innovative approach not only enhances user experience but also promotes a collaborative environment among its users.
Looking ahead, Roam has ambitious plans outlined in its 2025 roadmap, which includes the integration of artificial intelligence, improved connectivity, and the expansion of services offered within its ecosystem. By positioning itself as a leader in decentralized wireless communication, Roam aims to bridge the gap between Web2 and Web3 technologies. This strategic direction is set to revolutionize global telecommunications and connectivity, making it easier for users to access and utilize decentralized services.
As Roam continues to grow and innovate, it is clear that the platform is not just a technological advancement but also a significant player in the ongoing evolution of the telecom industry. With its focus on user empowerment and community-driven solutions, Roam is paving the way for a new era of connectivity that aligns with the principles of decentralization and user sovereignty. The future looks promising for Roam as it seeks to redefine how we connect and communicate in an increasingly digital world.
4 days ago
AREC Protocol Expands to Solana, Enhancing On-Chain Renewable Energy SolutionsThe Arkreen Renewable Energy Certificate (AREC) protocol has achieved significant milestones in the realm of on-chain digital renewable energy certificates. To date, over 129,520 tokenized Renewable Energy Certificates (ARECs) have been issued, representing a total of 129 GWh of green energy. This includes nearly 5 GWh generated from residential solar panels by Arkreen community members, while the remaining 125 GWh was tokenized through traditional REC bridging. The community actively utilizes the tokenized REC token, ART, to offset their energy consumption and engage in green initiatives, such as the GreenBTC.Club, which collectively offsets the carbon emissions of the Bitcoin network.
The AREC protocol is already operational on the Polygon and Celo networks, demonstrating strong adoption. The next phase of expansion involves deploying the protocol on Solana, a blockchain known for its high transaction throughput and user-friendly experience. This move is crucial as Solana hosts numerous Decentralized Physical Infrastructure Networks (DEPIN) projects that require solutions to mitigate brown energy consumption. After extensive development and testing, the AREC protocol has been adapted for Solana's unique technical environment and is ready for deployment on the mainnet.
The integration of the AREC protocol into Solana will facilitate the issuance of self-certified tokenized RECs based on solar energy generation data, alongside traditional REC bridging. The ART token will be minted as NFTs before being liquidated for use within the Solana ecosystem, promoting carbon neutrality among Web3 projects. With Solana's commitment to sustainability, including purchasing carbon credits to offset its network's footprint, the AREC protocol will fill a critical gap by providing native carbon assets. This deployment is set to reinforce AREC's status as the leading on-chain digital REC protocol and significantly contribute to the renewable energy movement within the Web3 ecosystem.
5 days ago
Crankk Integrates Off-Grid Crypto Payments with MeshtasticCrankk, a company that has been developing a LoRaWAN network for over two years, is making strides towards enabling off-grid cryptocurrency payments. The integration of their technology with Meshtastic, an open-source project that utilizes LoRa for creating a mesh network of peer-to-peer nodes, is a significant step forward. Both Crankk and Meshtastic share a similar communication layer over LoRa, with Meshtastic already supporting MQTT integration for bridging distant network parts. Crankk's goal is to incentivize participation in these networks, allowing users to monetize their involvement while maintaining the enthusiast-driven nature of the community.
What sets Crankk apart is its commitment to a decentralized Web3 solution, where nodes communicate directly with blockchain nodes, ensuring user privacy. Each node is identified by its wallet address, controlled solely by the wallet owner, contrasting with other DePIN solutions that rely on centralized infrastructure. Operating on the Kadena blockchain, Crankk benefits from low gas fees, making it feasible to generate blockchain traffic profitably. The project is currently alpha-testing its solution, with plans to invite beta-testers soon, while also keeping the code open-source for Meshtastic.
One of the standout features of Crankk's integration is the ability to facilitate crypto payments off-grid. Meshtastic devices running Crankk firmware can compose blockchain transactions and send them over the mesh network to nodes with internet access for confirmation. This innovative approach is rare in the current market and aims to provide users with unprecedented flexibility. Additionally, Crankk is committed to donating 20% of its income from Meshtastic devices to support the project, ensuring transparency through blockchain records. This initiative not only enhances the functionality of Meshtastic but also fosters a collaborative ecosystem within the blockchain community.
Signup for latest DePIN news and updates