Polkadot Releases 'Agile Coretime' to Advance Allocation of Computational Resources

The Polkadot community released its latest major product, Agile Coretime, as part of the ongoing Polkadot 2.0 upgrade.

Polkaworld Releases 'Agile Coretime' to Advance Allocation of Computational Resources on Polkadot

The Polkadot community unveiled the latest major product in its ongoing Polkadot 2.0 upgrade with Agile Coretime, a new feature designed to significantly advance how computational resources are allocated and managed within the Polkadot ecosystem, the team said. This new approach replaces the previous auction system, in which single cores were leased for two years at a time.

According to the project documentation: "Agile Coretime allows for the purchase of coretime in 'bulk,' with an allocation for one month. Heavy duty parachains which need to author a block every 12 seconds (or every six seconds through Asynchronous Backing), can seamlessly 'renew' the core each month. Coretime renewal orders take precedence over new orders and provide protection against price fluctuations, allowing parachains to plan their project budget and costs more effectively. The purchased coretime can also be split up and sold in parts, down to a single block per month, allowing for secondary markets to thrive and improve the allocation efficiency of coretime."

Before, with Polkadot 1.0:

After, with Polkadot 2.0 and Agile Coretime:

Privado ID, Formerly Polygon ID, Announces Strategic Merger With Disco for 'Multichain Verifiable Data and Reputation Management'

Privado ID, formerly known as Polygon ID, which has established proofs-of-concept with several multinational banking and financial service companies, announced a strategic merger with Disco, a pioneer in multichain verifiable data and reputation management. According to the team, the merger will propel the development and adoption of a unified, chain-agnostic digital identity infrastructure spanning both Web2 and Web3 ecosystems, and for the first time see Privado ID become available in chains like Optimism, Arbitrum, Base and others with Privado ID's own established partnerships and scalable infrastructure.

The press release stated: "By leveraging Disco’s Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs), Privado ID enhances cross-chain compatibility enabling it to expand its services across multiple EVM-compatible chains."

Midnight, 'Data Protection Blockchain,' Releases Litepaper

Midnight Network, a new layer-1 data protection blockchain, has released its litepaper, which aims to "demonstrate how the network enables apps that protect user, commercial and transaction metadata. The Nightpaper explains how Midnight has solved a new blockchain trilemma: using zero-knowledge (ZK) proofs for utility without compromising data protection or ownership."

Solana Unveils Details of Second Crypto Phone 'Seeker' at Token 2049

Solana Labs's phone designing subsidiary is slated to ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 conference on Thursday. Called Seeker, the upcoming handheld will be a major hardware improvement over Solana's first mobile phone, with better battery, a stronger camera and a lighter design than the Saga, said Emmet Hollyer, who runs Solana Labs' phonemaking project. CoinDesk 20 asset: {{SOL}}

Civic's ID Solution to Verify Drivers' Licenses, Ages on Web3 Car-Rental Platform Rentality

Civic, developer of a tokenized identity solution on the verifiable web, has partnered with Rentality, described as the first Web3 car rental platform, "to securely verify drivers' licenses and enforce age minimums on the Base network." According to the team, using Civic's ID Verification Pass, users can verify licenses virtually, streamlining the car rental process. This solution enhances security, trust and compliance in car rentals and peer-to-peer marketplaces by eliminating the need for physical verification and reducing friction in the transaction, setting a new standard for secure rentals.

Chromia Blockchain Plans 'Asgard' Mainnet Upgrade for Customized Chains, Announces $20M Data and AI Ecosystem Fund

Chromia, a blockchain ecosystem that aims to avoid network congestion partly by giving every decentralized app (dapp) its own cluster of nodes and computational resources, announced the upcoming "Asgard" mainnet upgrade on the TOKEN2049 stage, along with a $20 million Data and AI Ecosystem Fund, the team said. The fund is aimed at supporting data-intensive projects and AI-enabled applications. Asgard, scheduled for Q4 2024, will introduce 'Extensions' – customized chains designed to bring new functionalities to the platform such as oracles, computation for AI models, support for data availability and ZK proofs.

Jade City, Project on Base Chain for DeFi Tokenization of Jade, Releases White Paper

Jade City, a project for DeFi tokenization of the $50 billion-plus jade market, released its white paper, the team said. The Jade City white paper outlines how the new platform will kick off a new era of RWA tokenization and DeFi market access when it launches later in 2024, detailing its supply and value chain, supply and