Demex Daily #208: Router Protocol Debuts Router Chain for Enhanced Blockchain Interoperability

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Router Protocol has launched the mainnet of its new Router Chain, designed to simplify cross-chain interactions and enhance the development of decentralized applications (dApps). This chain, built on Cosmos blockchain technology, aims to abstract the complexities of blockchain technology, making it almost invisible to users—a concept known as "chain abstraction." This approach is also pursued by other ecosystems like NEAR, Arcana, and Socket. Router Chain will focus on reducing development barriers and enabling dApps to interact seamlessly with multiple blockchains while aggregating liquidity. Additionally, a new token-bridging solution has been introduced to increase security and leverage the robustness of the Ethereum and Bitcoin networks within the Cosmos ecosystem. This development marks a shift in Router's mission from merely facilitating cross-chain bridges to fostering broader blockchain interoperability.


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Irys, a data provenance project, has launched a new layer-1 blockchain designed to provide cost-effective, immutable data storage solutions to software developers. This blockchain will support applications built on multiple platforms including Ethereum, EVM-compatible chains, Solana, Aptos, and Avalanche. The protocol features a dual-ledger system that ensures data integrity by initially storing data in a "submit ledger" for verification before moving it to a permanent "publish ledger." Additionally, it employs a unique proof-of-work and staking mechanism to incentivize miners. This development aims to challenge the current dominance of centralized cloud computing platforms like Amazon Web Services by reducing the reliance on traditional IT and lowering the costs associated with on-chain data storage.