15th Jan 2021, 2:47 pm
15th Jan 2021, 2:47 pm
2020 is a pioneering year for Forbole and Big Dipper. This year, Forbole’s validator service has scaled up. Up to now, it has been providing staking-as-a-service for more than 20 Proof-of-Stake networks; the sovereign blockchain project Desmos developed by Forbole has released 31 versions, adding more features in each release; The Big Dipper team has built or and is building block explorers for more than 10 blockchains. As an open source software, Big Dipper has been forked 107 times on GitHub. Important blockchain projects such as Agoric, e-Money, etc. are using the codebase of Big Dipper to develop their own block explorers. In addition, there are many Big Dipper explorers in the world that are even out of our own team’s radar.
Big Dipper was originally built to serve the Cosmos Hub blockchain. Due to its strong practicability and high accuracy, it is loved by many users in Cosmos. Since its launch, Big Dipper has been used by people from over 140 countries. With its soaring popularity, more Cosmos SDK blockchains have invited the Big Dipper team to develop corresponding block explorers for them. In 2020, Big Dipper stepped out of the Cosmos ecosystem and began to support blockchains in other ecosystems. We are moving towards the goal of building an Interchain Block Explorer.
Below we briefly review the achievements of various blockchain projects supported by the Big Dipper team in 2020, and the contribution of Big Dipper to them.
The Akash Network, a decentralized cloud platform project, made a major breakthrough this year.
Akash launched Mainnet 1 on September 25, and successfully attracted 64 validators to join, marking the official launch of the decentralized cloud platform. A prototype of the Supermini product was released in August, sold out in pre-sale within 3 weeks. In 2020, three phases of The Akashian Challenge were completed, attracting challengers from all over the world to join. During the event, Akash surpassed 1,000,000 blocks.
Akash has also reached important cooperations with other projects. Partnership with Cosmos's ICF to make IBC protocol a reality, consolidating Akash’s essential position in the Cosmos ecosystem to accelerate the development of the IBC interoperability protocol; Integration with Kava to enable Kava’s stable currency USDX the first coin for fee settlement on the Akash’s DeCloud platform. Akash Token (AKT) would also be used as collateral for USDX loans; Integration with Chainlink, to make sure Akash users can access the most secure and accurate price data; Partnership with Solana to bring web-scale smart contracts to Akash Decloud.
Akash has announced Akash Token (AKT) listing on BitMax and BitMart this year, and has cooperated with Huobi Pool. At the end of June, they announced the establishment of Chinese community, the Russian community in July, and a Korean community in October, to enter the global market.
Big Dipper has been growing with Akash all the way and is one of the important partners of the Akash team. It has created an exclusive block explorer for Akash and supported the three phases of The Akashian Challenge and Mainnet 1.
Band Protocol, a decentralized data oracle project, made rapid progress in 2020.
The Wenchang testnet was released in February, and the mainnet was officially released within four months. With the oracle infrastructure complete, four testnets and one proof-of-authority network, the decentralized oracle network BandChain was officially launched on October 15th. Launched the Band Standard Dataset, which is an exhaustive reference price dataset with frequent updates and comprehensive features, covering 100+ feeds for crypto assets, commodities and exchange rates. Due to the surge in mainnet traffic, the Band Protocol team also completed the upgrade of its technical facilities in 2020 to ensure the stability of BandChain.
Band is integrating with more than 50 projects and provides key oracle technologies, including Fantom, Kava, ICON Network, Terra Money, etc., which shine in the DeFi field; Cooperation with Acala Network, BandChain brings to the Polkadot and Kusama ecosystems Open source oracle service.
Band successfully co-hosted a Cross-Chain Hackathon with Cosmos and Agoric; Joined the OpenAPI Initiative alongside Google, IBM, Bloomberg, eBay, Microsoft, etc., to connect blockchain applications to a common application programming interface (API), simplifying the exchange of data between smart contracts and off-chain data sources; An online conference was organized with one of Thailand's largest banks SCB and MakerDAO, to make DeFi available to a broader audience.
The native token $BAND is listed on Kyber Network and KyberSwap DEX、WazirX、 Uniswap、BitMax、Satang、Crypto.com、Coinbase Pro 、Huobi Global、Coinbase application、Coinone、Binance US、Voyager.
Big Dipper supports Band Protocol's mainnet and testnets, and actively follows up every upgrade of Band.
Celo, a decentralized digital payment platform, continued to make steady progress towards the goal of providing financial tools for everyone in 2020.
The Great Celo Stake Off held in early 2020 attracted different validators to join, thus speeding up the mainnet launch. After the mainnet was launched, more than 1.6 million transactions have been successfully processed so far.
At the end of June, Celo Dollars (cUSD), the first stable coin on the Celo network, was successfully launched through the on-chain governance proposal on the Celo network. It was secured by a basket of crypto assets, including BTC, ETH and Celo. Many cryptocurrency exchanges around the world, including Coinbase, CoinList, Bittrex, etc., support cUSD and Celo.
Celo is very concerned about cross-chain interoperability. The acquisition of Summa brings tBTC to Celo, effectively enabling Bitcoin users to interact with applications in the entire Celo ecosystem. Through the collaboration between Wrapped, Anchorage and Tokensoft, wCELO and wCUSD can now be accessed on Ethereum, allowing Celo digital asset holders to easily and securely participate in applications on Ethereum. The Celo Foundation provided funds to Chorus One to build a cross-chain bridge between Celo and Cosmos, and also helped ChainSafe fund the ChainBridge project. Kadena announced that it has established a DeFi bridge between Kadena and the Celo blockchain, allowing cUSD and KDA to be used on either platform.
Valora, a global payment application developed by the cLabs team, was launched in public beta on iOS and Android to help Celo-based dApps (such as ImpactMarket and Doni) process payments. In December, the Plumo Ceremony was held. The zero-knowledge SNARK can reduce the time and data required to synchronize the Celo blockchain by several orders of magnitude, and reduce the overhead by approximately 1,000,000 times compared to other networks. Even mobile devices with the most restricted resources can trade on Celo. When a new user joins Valora or any other mobile application built by the community, they will be able to quickly utilize blockchain features.
Celo is the first non-Cosmos SDK blockchain project undertaken by Big Dipper and thus new adjustments have been made to the design. During the process of developing the Celo block explorer, the Big Dipper team upgraded the relevant code and began to try on modular research and development to facilitate future support for more blockchains. The first version of Celo's Big Dipper was released at the end of 2020.
The Cosmos ecosystem, which aims to build a million block chain, had achieved remarkable results in 2020.
In terms of core technology, the launch of the Stargate upgrade is the biggest change since the release of the Cosmos SDK. After the upgrade, the blockchains based on the Cosmos SDK can be cross-chain connected through the IBC; Starport allows the builders to code through the scaffolding to activate the Cosmos SDK within a few minutes Blockchain; Atlas, the Cosmos SDK module registry, allows developers to quickly find new modules and add them to their blockchain; CosmJS and Keplr greatly reduce the threshold for creating a blockchain network interface.
In terms of inter-blockchain communication (IBC), significant progress has been made in 2020. At the end of the year, IBC 1.0 was announced; Peggy, which is used to link Cosmos and Ethereum, has made important progress.
In terms of virtual machines, CosmWasm has completed research and development, which is the most popular smart contract mechanism in the Cosmos ecosystem; Ethermint has been put into production, and existing smart contracts on Ethereum can be deployed on Ethermint, and many Web 3 libraries will be compatible with Ethermint.
In terms of personnel, in early 2020, some internal changes occurred in Tendermint. Founder Jae Kwon stepped down as CEO. The original team was split into several teams, including Tendermint, Informal Systems, Interchain GmbH, Iqusion, which is affiliated with ICF. There are also some technical core members formed or joined other teams, but they work with each other to continue to promote the development of Cosmos technology stack.
In terms of community, successfully held three hackathons, Gitcoin Cross-Chain Hackathon, Cosmos India HackAtom and Hack Atom V; held different online seminars and activities including Code with Us, Cosmos Unchained, Future of the Cosmos Hub and the annual Cosmos Interchain Conversations II; opened three fund projects to support the development of the ecosystem, Cosmos Contributors Grants, Cosmos Community Contributor Microgrants, and Tendermint Fellowship Program; launched an ecosystem recruitment platform; Cosmos account posted about 320 cosmos tweets, obtained more than 10 million Impressions, tracked The number has increased from 30,000 to 46,000; the Cosmos mailing list has increased from 13,000 to 18,000.
During the year, Big Dipper has been upgraded with the Cosmos Hub, from supporting Cosmos Hub 1 version to the current Cosmos Hub 3 version. It also supported Cosmwasm's Coral testnet, launched a stargate-compatible test version and a version that supported Gaia testnet. In addition to providing block visualization, Big Dipper for Cosmos can also vote on proposals, link Ledger management and stake $ATOM, etc..
Desmos, a decentralized social network platform project, has gone through many trials and explorations in small steps in 2020.
The first version of Desmos was released on December 10, 2019. It is updated every two weeks. A total of 31 versions have been released in one year. At the beginning, only three basic functions were supported: creating posts, likes and dislikes. So far, Desmos has more than 18 functions, distributed in six different custom Cosmos modules, from posts, personal data, to reports and relationships, and so on.
Desmos launched nine different testnets this year, and allocated 2.2 million DSMs to supporters through a series of different incentive plans, a key step toward centralization. In July, Desmos completed its zeroth round of token sales. This year, the number of Desmos validators has increased from less than 10 to 100, and the number of active validators has increased from 100 to 200.
Both Big Dipper and Desmos belong to the Forbole team. Therefore, Big Dipper puts many new technical explorations and design on the Desmos explorer for experimentation, such as the development of Djuno.
Flow, a decentralized game applications blockchain platform project, has gained a lot in 2020.
Flow made its first sale on Coinlist in October 2020 and raised 18 million US dollars. The token pledge reward was launched at the end of the year.
Flow has cooperated with multiple well-known game projects. The NBA Top Shot, officially recognized by the NBA, was released on Flow. Up to now, a total of 4,000 collectors have purchased NBA classic moments with a total value of more than 6 million dollars. At the same time, it has received the support and attention of many basketball stars. In addition, it has also cooperated with famous game brands such as Dr. Seuss and Genies.
Flow launched the developer tool Flow Playground, native programming language Cadence, and held an Open World Builders Bootcamp for developers. It also launched Flow Port, a user-integrated interface, and hosted an Open World Summit to explain cryptocurrency to consumers.
Flow is also another non-Cosmos SDK blockchain project undertaken by Big Dipper. Due to the graphical characteristics of the Flow infrastructure, the Big Dipper team needs to explore and develop an explorer that can adapt to the Flow blockchain from scratch. This is also a good learning opportunity for the team, allowing us to have a deeper understanding of the infrastructure, language, and requirements of the chain and get ready to provide an explorer service to more complex blockchains in the future. Big Dipper officially launched the Flow block explorer in October 2020, supporting account information, node information, and transaction information queries.
Kava, a decentralized financial platform project, made great progress in 2020 with the development of DeFi.
Kava has developed from a blockchain with a single DeFi application to a mature DeFi ecosystem in 2020. At the beginning of the year, Kava launched the world's first cross-chain lending platform testnet and began cross-chain functional testing. In less than a month, Kava has 90 valid validators, and the number of KAVA pledged in the entire network accounts for 85.18% of the total. At the end of April, Kava released the pre-registration page of the Kava lending platform to open user testing. In June, the upgrade of Kava 3 was completed and the world's first cross-chain loan platform Kava Lending was launched, supporting BNB mortgages and USDX loans. In October, the Kava 4 Gateway mainnet was upgraded to support the world's first cross-chain currency market HARD protocol; Kava CDP loan platform and HARD protocol began to support trading BTC, XRP, BNB and BUSD.
Kava reached a number of important cooperation agreements in 2020. Integrate with Binance’s official wallet Trust Wallet; establish a long-term strategic partnership with Chainlink; introduce Kava’s DeFi service into IRISnet’s blockchain Internet to promote the construction of distributed commercial applications and provide a technical basis; derivative from the second layer The DEX platform Injective Protocol has established a cooperative relationship and will be seamlessly integrated through the IBC protocol to ensure that Kava’s assets KAVA and USDX can quickly access the Injective Derivative Agreement and DEX trading platform; establish a strategic partnership with Swipe Wallet to allow users to pass Link bank accounts or credit cards to purchase and sell KAVA and USDX; to seek compensation for lost tokens, Kava joins the decentralized vault CertiKShield; cooperates with Reef Finance, an important DeFi project in the Polkadot ecosystem, to provide users with a series of DeFi functions and service.
In 2020, Kava token $KAVA was listed on BitMax, BiKi, Gate.io, Hotbit, HitBTC, Kraken, Upbit, Huobi Global, and Injective Solstice. Kava's local decentralized stable currency USDX Coin (USDX) was listed on BitMax.
The world's first cross-chain currency market Hard protocol developed by Kava was launched on Binance Launchpool, and then HARD was launched on Binance, BitMax, Coinone, and Gate.io. HARD agreement cooperates with Hummingbot to launch liquidity mining function.
Big Dipper supports Kava's four mainnets and it is currently the fourth version. The explorer developed by Big Dipper for Kava is currently the only block explorer on the market that can display Kava CDP (collateralized debt position) information and has a proposal voting function. In the development and maintenance of the Kava explorer, the team encountered many difficulties, mainly because of the huge traffic of Kava and the complexity of its tasks. Team members overcame these difficulties to maintain a stable work of the Kava explorer, and provide effective services to users.
LikeCoin, a decentralized publishing infrastructure project, stepped out of its own world and focused on user experience in 2020.
LikeCoin's inflation rate has increased from 1% to 2%. The maximum active validators have increased to 25. LikeCoin holders can raise proposals and vote; Liquid officially supports LikeCoin, and users can exchange real-time cryptocurrency through the Quick Exchange widget; Listing on DigiFinex.
The first Likerthon was successfully held and a total of ten works were received. The community selected two winning works and gave out a total of 800,000 LikeCoins; Participated in the fifth round of Gitcoin Grants, with 55 contributors, 1467 DAI donations and 970 DAI matching funds; Became a Github sponsor participant and hoped to obtain public funds through Github.
Published the first proof of concept on ISCN. The creation of the ISCN information page has attracted people's attention, including data model, infrastructure design and ISCN specification. The ISCN specification won second place in the Cosmos cross-chain hackathon.
Updated the LikeCoin website; Opened the Liker Land portfolio page; Established Liker Land open statistics, hoping to stimulate the community's interest in learning DAO; Established the LikeCoin documentation page, which includes LikeCoin user guide, FAQ and developer resources.
Big Dipper supported LikeCoin's testnets and mainnet, opened an account on Matters Lab (a project that LikeCoin participated in), published multiple articles, and worked with LikeCoin to introduce blockchain and cryptocurrency to Chinese audience.
In 2021, Big Dipper will further improve the modular development strategy, accumulate technology, and serve more blockchains with different underlying infrastructures. The team will also launch a revamped Big Dipper with more powerful functions and more exquisite design, to provide better tools for blockchain project researchers, developers, and cryptocurrency holders.
As an open source block explorer, Big Dipper has been forked 107 times on GitHub, and users from more than 140 countries and regions have used Big Dipper. The Big Dipper team is upgrading Big Dipper, which will become a comprehensive blockchain explorer and token management tool in the future.