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Evening reading | RWA: the cornerstone of the next bull market in the currency circle
1. The Polygon version of the OP Stack is here? Polygon official interpretation of what is Polygon CDK
On August 30, 2023, Sandeep Nailwal, the founder of Polygon Labs, announced the launch of the Polygon Chain Development Kit (CDK). The Polygon CDK enables developers to launch their own fully functional L2 supported by ZK (Note: similar to the OP Stack launched by the OP). Sandeep Nailwal said that Polygon CDK is an evolution of Supernet, and now with Polygon ZK technology, developers can easily customize and deploy their own application chains. click to read
2. See two different paths of encrypted financial development from Hashkey Exchange
On August 28, Hashkey Exchange officially opened to retail investors. On August 3, the Hong Kong Securities Regulatory Commission approved HashKey Exchange to upgrade its Type 1 and Type 7 licenses to allow the provision of encrypted retail trading services. This makes it the first licensed virtual currency trading platform in Hong Kong that can open its service business to retail investors. click to read
3. Pantera Partner: Understand the concept, components, architecture and use cases of the Chainlink cross-chain interoperability protocol CCIP
We live in a multi-chain world; from L2 to application chains to non-EVM ecosystems, it is clear that there is no one public chain that fits all use cases. However, achieving interoperability has been an extremely difficult problem due to the diversity of code bases, frameworks, and design choices across various ecosystems. In the absence of a unified interoperability protocol, many blockchains and applications need to build implementations of internal cross-chain interactions that are expensive, error-prone, and highly unscalable. click to read
4. Take an accurate look at encrypted stablecoins
A stable currency that is linked to the equivalent or fixed value of a single sovereign currency, needs to be exchanged for the linked currency or its assets that meet standards, is endowed with special rights and obligations, and is used within a specific scope is actually a "token" of its linked currency. "It requires strict supervision of token reserves and scope of application, and tokens must never be used to conduct credit business. click to read
5.RWA: The cornerstone to promote the next bull market in the currency circle
Since the start of the bear market, the term real world assets (RWAs) has become increasingly common. The scope of RWA is wide, from tokenization of real assets to traditional financial instruments (TradFi) and even ESG-related assets. When intertwined with blockchain technology, traditional real-world assets can improve efficiency, increase transparency, optimize liquidity management and many other benefits, ultimately benefiting society. By incorporating RWA into the cryptocurrency field, the development of centralized finance will be more diversified. click to read