Sommelier partners with Mysten Labs to launch Cosmos smart contracts

Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM, has today announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain. Founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol, Sommelier is a test-net protocol designed Sommelier partners with Mysten Labs to launch Cosmos smart contracts

Data shows parabolic-style growth in layer-2-based DeFi and DEX platforms

In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem.  Recently, the emergence of layer-2 technology like Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing Data shows parabolic-style growth in layer-2-based DeFi and DEX platforms

Indians opt for state-run blockchain platform amid bulk SMS regulations

India’s state-owned telecom Bharat Sanchar Nigam Limited (BSNL) has registered 7,477 businesses on its blockchain-based communication platform after authorities imposed new regulations to protect consumers from spam and fraud. The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted Indians opt for state-run blockchain platform amid bulk SMS regulations