PlatON Monthly Report: July 2023

01 – Technological Progress

PlatON

PlatON 1.4.1: EVM adaptation has been completed to support Ethereum’s London upgrade; the version supports EIP1559/2930; the new version is now available on the DevNet and mainnet.

PlatScan

PlatScan 1.4.0: PRC20, PRC721, and PRC1155 address balance queries have been optimized and are undergoing internal testing and verification.

PlatON Wallet 1.1.0

(1) The wallet now supports DApp connection through Particle and walletconnect V2, as well as access to the functionalities of PlatON Wallet.

(2) Interchain Transfer, an on/off-ramp channel, has been introduced, which allows DApp users to transfer USDC and USDT from Tron to PlatON and vice versa.

(3) The wallet is available in light and dark modes; DApp developers get to pick a mode based on their app style.

BonusPay

BonusPay 1.2.1 Basis: Introduced international configuration; deployed the “Asset Management – Bank Account Reconstruction” feature.

DCS 

(1) Added DCS permission service; DCS now supports the configuration and assignment of roles; the approval configuration function is under development.

(2) Parallel transaction processing is currently under development.

02 – PlatON News

[PlatON Upgraded to Version 1.4.1, Future Upgrade to Support EIP-1559]

To become more flexible and adapt to the features of Ethereum v1.10.3, PlatON has upgraded to version 1.4.1 and will be ready for EIP-1559 in the next version. Additionally, version 1.4.1 offers support for cross-chain interoperability and optimizes the auditing mechanism for on-chain transaction addresses by removing the stringent validation of prefix formats.

The snapshot performance is a major improvement of Ethereum v1.10.3, which speeds up snapshot generation after synchronization by up to 10 times. As a key Ethereum improvement proposal, EIP-1559 seeks to enhance the transaction fee mechanism, thereby improving the network’s efficiency and security. The PlatON team said that the upgrade aims to keep PlatON compatible and synchronized with Ethereum while preparing for future innovations and expansions.

[PRC-12 Fungible Token Standard Released: Delegated Authorization and Delegated Transfer Supported, Fully Compatible with EIP-20, EIP-3009, and EIP-2612]

Recently, the PlatON community initiated the PIP-12 proposal to introduce PRC-12, a new standard for EVM-compatible fungible tokens (FT). This standard realizes the functions of delegated authorization and delegated transfer for token holders, simplifying the interaction process between users and smart contracts, reducing transaction costs, and enhancing token security and flexibility.

The PRC-12 standard adds more possibilities to the use cases of FTs, including decentralized exchanges (DEX), lending platforms, and NFT marketplaces. It can also support various payment scenarios, such as stablecoin issuance, cross-chain transfers, and lightning networks. User experience has been improved as the standard eliminates the need for pre-authorization, holding ETH, or waiting for confirmations. 

03 – Ecosystem Collaboration

[OpenBlock MPC Wallet officially connects to PlatON mainnet, boosting Web3 MPC ecosystem]

Recently, OpenBlock and PlatON, a fully digitalized public infrastructure, established a partnership and officially connected to PlatON mainnet. OpenBlock, a Bixin Group member, is a Web3 wallet aggregation platform built on MPC technology for both consumer and enterprise users. By connecting to PlatON mainnet, OpenBlock will provide a secured MPC service, including: supporting storage, transfer and transaction of PlatON mainnet token LAT and other tokens based on PlatON; supporting numerous DApps, NFT assets and cross-chain protocols on PlatON mainnet; supporting multi-sig scheme on PlatON mainnet on OpenBlock, meeting the needs of personal and enterprise users in using decentralized applications in multiple scenarios.

[PlatON Project NiftyIN Joins Swagga Community Club]

NiftyIN, a project built on PlatON, officially joined Swagga Community Club, a phygital fashion metaverse that bridges the gap between real life and virtual spaces. Together, the two will explore the amazing innovations of Web3 in this phygital metaverse.

[PlatON Project NiftyIN Partners with Web3 Cross-chain Decentralized Account System .bit]

NiftyIN, a project running on PlatON, partnered with Web3 cross-chain decentralized account system .bit and received the brand DID niftyin.bit. Going forward, NiftyIN will work together with .bit to make full use of SubDID as a great incentive for its community activities.

[NiftyIN Reaches Strategic Partnership with 4EVERLAND, MeStar, and Plena Finance]

In July, NiftyIN, a PlatON-based project, announced strategic partnerships with decentralized cloud service platform 4EVERLAND, Blocky Metaverse ecosystem MeStar, and self-custodial AA wallet Plena Finance.

4EVERLAND facilitates projects easier and faster to host frontend, store data/NFT/file, and access on top of IPFS/Arweave/Dfinity/BNB Greenfield.

MeStar is a Blocky Metaverse ecosystem that aims to boost NFTFI, GameFi and Creator Economy.

Known for its security, efficiency, and user-friendliness, Plena Finance is one of the first self-custodial wallets to utilize AA (Account Abstraction) technology.

04 – Community Events

[PlatON Community Hosts “Empowering the Future” Offline Event]

Empowering the Future, an offline blockchain event organized by the PlatON community, kicked off on July 16. The event aimed to promote collaboration and knowledge sharing, explore cutting-edge blockchain technology, and provide a platform where blockchain experts, developers, investors, and enthusiasts can share ideas and build connections. In the future, PlatON will continue to help the blockchain ecosystem thrive in African countries.

[Alchemy Pay & PlatON Joint Twitter Space Event: Building an Accessible Network]

On July 13, Alchemy Pay Ecosystem Lead Robert McCracken and PlatON CTO James Qu shared keen insights at Building an Accessible Network, a Twitter Space event co-hosted by PlatON and Alchemy Pay.

[PlatON Supports MoleEdu Public Course Series Web3 Infrastructure Week, CTO James Qu Lectures in Public Chain and Sidechain Technology]

Web3 Infrastructure Week, a public course series offered by MoleEdu, started on July 31, with PlatON CTO James Qu serving as the lecturer for Public Chain and Sidechain Technology. MoleEdu’s public courses aim to spark interest and enthusiasm for blockchain and help individuals apply the technology across real-world domains to drive the commercialization of Web3 and social progress.

[PlatON CTO James Qu Attends WebX and Gives Exclusive Interview to NFTStudio24]

On July 25, PlatON CTO James Qu attended WebX, a forum hosted by CoinPost in Tokyo, and delivered a brilliant speech during the roundtable discussion with the theme of “ZK Fixes This: Solving Scaling, Privacy and More”. In an exclusive interview with NFTStudio24 after the event, Qu commented on topics including blockchain and Web3 development.

[PlatON Collaborates with NiftyIN for Mystery Box Activities]

PlatON and NiftyIN co-launched multiple Mystery Box activities, offering attractive prizes that include gift cards from JD, Tmall Market, Apple iTunes, and Google Play, as well as crypto rewards such as LAT, USDC, and USDT. Special prizes also include NFTs from MetaCene AlphaTest Whitelist, Seraph_crypto, TWIPLAY_Network, BitizenWallet, GalacticReborn, and more. Moving ahead, the NiftyIN Mystery Box will offer more fun, rewarding mystery categories, providing users with a diverse range of options.