Blockchain
Blockdaemon Empowers Web3 Developers and Institutions to Run Their Own Collator Nodes on Astar Network
The partnership will improve performance and stability for developers building on Astar Network
Los Angeles, California–(Newsfile Corp. – August 24, 2022) – Astar Network, the innovation hub on Polkadot, is thrilled to announce that it has integrated Blockdaemon, the world’s largest institutional-grade blockchain infrastructure company for node management and staking, as a collator. The partnership will enable Blockdaemon’s institutional and individual users to start their own collator nodes with Astar Network.
Blockdaemon Empowers Web3 Developers on Astar Network
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Though Astar supports users who maintain their own collator nodes, it’s still technically out of reach for many individuals and institutions joining its network. Blockdaemon’s suite of products and tools comprise a total ‘node stack’ of blockchain technology empowering any eligible project to access the Astar Network.
As a node infrastructure provider, Blockdaemon will provide Websocket and RPC endpoints to projects wishing to build on the network. Often, it is not feasible for many projects, devs and businesses to build and maintain their own Astar node to access these services. Blockdaemon’s years of node blockchain expertise specifically for the Polkadot ecosystem significantly lowers the barrier to entry for projects building on Astar.
Blockdaemon’s full node support provides a critical on-ramp for Astar dApp developers and institutions. Rather than relying on public infrastructure, which can come under heavy load from many different sources, or facing the ongoing challenges of self-running an Astar node, it is now possible to outsource Astar node requirements to Blockdaemon.
“We are excited to integrate with Astar to improve accessibility for developers and institutions. Astar is connecting the Polkadot ecosystem to all major Layer 1 blockchains by building in interoperability for a multi-chain future. Combining Blockdaemon’s institutional-grade infrastructure with Astar’s rich tech stack, we look forward to supporting the health of the network and providing a critical on-ramp for Astar dApp developers,” said Cecilia Feng, Strategic Protocol Research Lead at Blockdaemon.
“We are very excited to have a partnership with Blockdaemon. This partnership allows us to make a more reliable and robust network and explore new use cases like DOT liquid staking,” said Sota Watanabe, founder and CEO of Astar Network. “Together with Blockdaemon and infra partners, we will do our best to provide developers with the best experience.”
Collators maintain parachains by collecting parachain transactions from users and producing state transition proof for Relay Chain validators. Unlike validators, collator nodes do not secure the network. If a parachain block is invalid, it will get rejected by validators.
More users will strengthen the Astar network and play a crucial role in block production, collecting transactions, and producing state transition proofs for Relay Chain validators.
Blockdaemon is the largest independent blockchain infrastructure platform connecting institutions and developers to leading networks. Founded in 2017, Blockdaemon runs over 50,000 nodes on behalf of its more than 200 institutional customers-including exchanges, custodians, liquidity providers, and neobanks-and supports 55+ blockchain networks such as Polkadot, Kusama, Bitcoin, Ethereum, Solana, and Avalanche.
As Astar builds the future of smart contracts for multichain, it’s keen to attract developers and institutional interests. Besides enabling new users and businesses to join Astar, Blockdaemon will collaborate with Astar Network in future hackathons and networking events. Developers building on Astar can deploy their dApps with EVM and WASM smart contracts while offering true interoperability and cross-consensus messaging (XCM).
About Astar Network
Astar Network is The Future of Smart Contracts for Multichain. Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM). We are made by developers and for developers. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.
Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.
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About Blockdaemon
Blockdaemon is the leading blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains.
Blockdaemon powers the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes. For more information, please visit https://blockdaemon.com/.
Media Contact:
Itai Elizur
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134720
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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