Protocol Village: Conduit Launches New G2 Sequencer, Claiming 10x Improvement Over Existing Versions

As a seasoned researcher with a deep-rooted interest in blockchain technology and its applications, I find myself both intrigued and excited by the latest developments in this dynamic field. The launch of Conduit’s G2 Sequencer, promising 100x computing power over Ethereum, opens up new possibilities for complex on-chain applications like Web3 games, DeFi protocols, and social apps. It’s a testament to the continuous evolution of blockchain technology and its potential to scale.

The on-chain computing company Conduit has unveiled its latest innovation, the G2 Sequencer, which they claim is “ten times more powerful than current versions for rollup frameworks, offering one hundred times the computing power of Ethereum and allowing blockchain applications to run faster without any extra costs.” In simpler terms, this tool empowers developers to build intricate apps such as Web3 games, DeFi protocols, and social media platforms on-chain, despite previous computational restrictions. The G2 Sequencer is designed to handle high traffic spikes, ensuring that on-chain applications maintain their performance and remain cost-effective. As per a recent blog post, the new sequencer can process 50-100 million gas units per second.

Dynex, Blockchain for Quantum Computing, Unveils Roadmap, Plans 2025 Release of Apollo Chip

Dynex, a blockchain network for decentralized quantum computing, backed by a decentralized GPU system, has revealed an ambitious 10-year plan to shift from emulating quantum computing with GPUs to developing silicon quantum chips. The goal is to secure a 25% share of the quantum computing market by 2034. To achieve this, they have initiated a $50 million funding round for top-tier investors. Dynex intends to debut its first Apollo Silicon Quantum Chip in 2025 and aim for 1 million qubits by 2034 to facilitate real-time quantum computations. To maintain integrity, Dynex guarantees transparency and security by logging computations permanently on the blockchain using DNX as their utility token.

Hermetica, Creator of Bitcoin-Backed Stablecoin on Stacks, Secures $1.7M in Seed Round

According to reports, Hermetica, the innovator behind the new USDh stablecoin that earns yields and is backed by Bitcoin, has raised $1.7 million in a seed funding round. The investment was primarily led by UTXO Management, with additional backing from CMS Holdings, Ethos Fund, among others. As per Protocol Village’s report on September 26th, the USDh stablecoin was introduced to the Stacks layer-2 network, boasting itself as the first to offer a Bitcoin-backed stablecoin in the market.

New Foundation ‘Exponential Science’ to Explore Convergence of Blockchain, AI, Quantum Computing

As a passionate crypto investor, I’m excited about the establishment of Exponential Science, a non-profit organization backed by Hedera. This innovative foundation, founded by Paolo Tasca and Nikhil Vadgama, aims to speed up the integration of blockchain technology with AI and other cutting-edge technologies. Our goal is to address intricate societal issues and foster revolutionary advancements through collaboration. By harnessing the knowledge of our founders and a global team of experts, we will engage in groundbreaking research and develop innovative solutions, such as the new MiCA Crypto Alliance.

Protocol Village is a recurring segment found within The Protocol’s weekly newsletter. This feature delves into the technological aspects of cryptocurrency, piece by piece. To receive it directly in your email every Wednesday, sign up here. If you’re part of a project team and wish to submit updates, you can do so here. For past issues of Protocol Village, you can find them here.