Monday March 01, 2021
Bitcoin (BTC) $46,671.00   Ether (ETH) $1,450.89
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Capital Raising

Plasm receives grant from Web3 Foundation to focus on interoperability

Published by CryptoNinjas.net
02/06/2020
Plasm receives grant from Web3 Foundation to focus on interoperability

Stake Technologies, creators of the Plasm Network, a scalable DApp platform on Polkadot using Plasma and State Channel, announced today it has received another grant from the Web3 Foundation to continue development.

Plasm Network is a scalable infrastructure for Web3.0 developed with Parity’s Substrate framework. It can be a future Polkadot Parachain that also acts as a DApp platform.

The Polkadot Relaychain, by design, does not support smart contracts. This provides the opportunity for Plasm Network to fill in this gap. Developers can build whatever applications on Plasm Network without having to consider its scalability.

New Features

With the grant, the Stake Technologies team plans to further implement some new features on Plasm Network including the Optimistic Virtual Machine (OVM).

OVM is the virtual machine designed to support all layer2 protocols invented by the Ethereum Foundation Plasma Group. It is a possible unification of all layer2 scalability constructions. This means that Plasm Network will not only be for Plasma applications but also for Lightning Network applications or any other layer2 protocols.

“Our aim is to be a platform that houses all layer2 scaling solutions. Users can choose which solution to use and make their use case possible with minimum overheads. There is a lot of work to do. But, we believe the future of Plasm Network is bright! We will launch the mainnet soon!
– The Stake Technologies Team

5
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Binance Labs leads $2.4M investment round for Plasm Network
Capital Raising

Binance Labs leads $2.4M investment round for Plasm Network

02/09/2021
Blockchain node and API platform Ankr integrates Plasm Network
Vendor Technology

Blockchain node and API platform Ankr integrates Plasm Network

02/06/2021
Blockchain initiative 'Cross-Chain Group' unveils initial members
Blockchain Technology

Blockchain initiative ‘Cross-Chain Group’ unveils initial members

03/11/2020
Figment Network receives Web3 Foundation grant to build staking explorer for Polkadot
Vendor Technology

Figment Networks receives Web3 Foundation grant to build staking explorer for Polkadot

03/09/2020
Interlay awarded grant to create Bitcoin (BTC) - Polkadot (DOT) bridge
Vendor Technology

Interlay awarded grant to create Bitcoin (BTC) – Polkadot (DOT) bridge

03/05/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version