$1m in grants for new Lightspeed Chains. Hyper-scalable modular L2s, composable with MultiversX and compatible with Bitcoin, Ethereum, Solana, Move and more.multiversx.com/sovereign-chai… Distributed WorldwideJoined May 2024
🛠️ Lightspeed Chains (formerly Sovereign Chains)—development update
We've started merging Andromeda into the Lightspeed Chains SDK, stress testing the chain and continue working on the multi-chain feature and cross-chain smart contracts full setup.
🛠️ Lightspeed Chains (formerly Sovereign Chains)—development update
Last couple of weeks we've been focusing on sovereign smart contract development, improving test coverage, and advancing multi-chain connection logic.
Also, we are are preparing the first sovereign release tag.
Now live🔥: LightSpeed (Sovereign) Chains Support for Warps!
Starting with version 1.1, users can create Warps that are executable on any registered LightSpeed Chain
v1.1 also comes with a few other features like Caching Strategies for more performance✅
🛠️ Lightspeed Chain (formerly Sovereign Chains)—highlights of the week
We've been testing a Sovereign Chain with 600ms round duration which works as expected. Also, refactoring incoming/outgoing deposit operations to enable cross-chain smart contract calls without tokens.
3/ [sovereign] Sovereign fork github actions updates
- Testing final version of sovereign with different HRP
- Refactor incoming/outgoing deposit operation to enable cross-chain smart contract calls without tokens
- Design changeValidatorSet in header-verifier contract
🛠️ Lightspeed Chain (formerly Sovereign Chains)—highlights of the week
Work in progress clean implementation for sub-second block time in sovereign chain. Also, we are preparing all configs, repos, fixing known bugs and everything necessary for the sovereign fork repo.
1/ [sovereign] Configs repo and adaptation for first release
- Incoming header adaptation to work with headers from multiple chains
- Working on sub second block time
- Clean implementation for custom HRP for addresses
🛠️ Lightspeed Chain (formerly Sovereign Chains)—highlights of the week
Work in progress an internal doc with sovereign architecture for multi chain connection and we are preparing the first release in sovereign fork repo.
5/ [sovereign] Research multi chain connection
- Initial doc specs for sovereign architecture to work with multiple chain connections
- Fixes and configs for first release (not yet done)
- Lots of debugging for recently discovered bugs
- Support for staking v4
🛠️ Lightspeed Chain (formerly Sovereign Chains)—highlights of the week
We're preparing first releases in forked sovereign repos & started a PoC for sovereign with a new HRP. On the bridging side, we're developing a burn/lock mechanism in SC and exploring multi-chain connections
6/ [sovereign] Continued with system tests adaptations to work in sovereign
- Testing and debugging for staking and mempool tests
- Repositories updates to start a sovereign with different HRP than erd - debugging for all services API, wallet, explorer etc
🛠️ Lightspeed Chains (formerly Sovereign Chains) development update
This week, we focused on:
✅ Created forks for all sovereign repositories
✅ Extensive testing on ESDT-Safe SC
✅Setting up the Sovereign SC interactor
🧵👇
3/ [sovereign] Confirm group validator set changes in outgoing bridge op:
- Started fork repos for sovereign chain binary and all of its satellites -> now we have a separate repo
- Sovereign Interactor setup
- Cross-chain transfers testing on internal testnet
Sovereign Chains Updates 🛠️
A lot of improvements happening in cross-chain validation, testing, and our upcoming release.
Here’s a breakdown of what’s new 👇
0/ On MultiversX, its future, and taking the lead
A thread, some fresh thoughts and perspectives. 🧵
– grab a ☕ of tea or coffee, it’s a bit longer than a tiktok vid –
A summary of this week’s #SovereignChains development progress 🛠️
#⃣ Added Sovereign SDK support in Chain Simulator repository - this is a requirement to be able to run the system tests
#⃣ Merged the latest @MultiversX mainnet release code into Sovereign SDK, bringing
We strongly believe in the potential of blockchain to transform business processes, open new markets, and power the next wave of consumer apps.
Sovereign Chains, built on MultiversX's modular SDK, empower builders to make this vision a reality.
To keep you connected to this development journey, we’ll be sharing regular updates on our progress.
Here’s what’s new 👇
Scaling Ethereum with MultiversX infra
Powered by the Sovereign Chains stack, @OneFinityChain combines EVM and WASM virtual machines in a single hyper-performant environment.
Coming to testnet later this month.
Research organization @reflexivityres has written about the progress inside the MultiversX ecosystem.
Unpacking:
⚖️ Sovereign Chains differentiators
⚙️ Network upgrades
🧩 Business development
@MultiversX Q2 2024 Update:
MultiversX is a monolithic, sharded Layer-1 blockchain that leverages adaptive state sharding to create a highly scalable, efficient network capable of supporting thousands of decentralized applications (dApps), businesses, and tools. MultiversX is
Sovereign Chains are home to L2s, dAppchains and vertically integrated layers that know no bounds.
Compatible with all major networks, and giving on-chain businesses the freedom to choose from the best of Web3 and Web2.
Learn more at: multiversx.com/sovereign-chai…
Sovereign Chain Abstraction
@burnt_xion's chain abstraction solution is connecting to the #MultiversX SDK for next-gen L2s.
Adding even more functionality and flexibility for developers working on simplifying UX across account login, interoperability, gas, signatures & more!
287 Followers 2K FollowingSteel worker, investor, crypto enthusiast, and a very handsome young man according to my mother, and SHE WOULDN'T LIE!!!!!!!! also #Bitcoin 🌋
2K Followers 448 FollowingDecentralized Staking Agency for @MultiversX; Solar @Starlink connectivity; Stake eGLD and COLS https://t.co/WLNpEzZMLI up to 50% APR on your eGLD
204 Followers 450 Following| Community Support at @MultiversX | #BTC | obsessed with learning | patience and perseverance | Discipline is the ultimate form of selflove🙏🏼
35 Followers 353 Following#Web3 & #DeFi. Mido n'est pas un conseiller financier et il ne donne aucun conseil en investissement. Fais tes propres recherches #DYOR
477 Followers 6K FollowingTwitter is not the message. It is the mirror.
The Olive follows in silence - It observes the noise🫒
OLV-aa679c.
Collections : OlivePantheon & OliveGrove
MvX
508 Followers 567 FollowingAfter 23 years living, learning and working an international lifestyle, I am now traveling the world with my family before moving back to The Netherlands.
4K Followers 224 FollowingFor developers, by developers.
Follow for important @MultiversX technical updates, news, dev content, tools.
Support: https://t.co/94bvdEIXit
149K Followers 34 FollowingInternet-scale DeFi: the scalable financial engine of the new internet economy. Powered by @MultiversX | RTs ≠ endorsements.
628K Followers 672 FollowingThe crypto super app. Freedom to invest, spend and earn. With over 3 million installs. Get support at https://t.co/rR4P79vGyw
987K Followers 478 Following#MultiversX is a distributed blockchain network for next-gen applications. Decentralized via 3200+ nodes, scalable through sharding, fast, secure, and green.