#development

Member of the Texas House of Representatives, Cody Harris, believes that the development of a gold-backed digital currency will encourage crypto adoption.

Ethereum Layer 2 solution Linea developed by Consensys is heading towards decentralization. At Devcon 2024, the company announced the Linea Association to oversee the blockchain’s development and governance along with the launch of the LINEA token.

Sam Altman, OpenAI’s CEO, stated that the next major AI model from the company is unlikely to roll out in 2024. The delay reflects OpenAI’s commitment to focusing on current model development rather than rushing a new launch.

In his latest blog post, Vitalik Buterin, the lead architect of Ethereum, expanded on his insights into the network’s long-term development.

Uniswap, the decentralized exchange, has revealed its proprietary L2 blockchain, Unichain, developed using the OP Stack from Optimism. According to the development team, this initiative is part of a strategy to enhance Ethereum’s scalability, leading to a major increase in payment efficiency.

The decentralized exchange dYdX is set to roll out a major upgrade to its platform in the fall of 2024, which will introduce several new and unique features. One significant change will allow users to list any token issued on the dYdX Chain without requiring approval from the development team.

The Layer 1 blockchain Injective launched iAgent—a software development kit (SDK) that enables users, even without programming experience, to create their own on-chain AI agents.

Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock.

In its latest research, Electric Capital assessed over 110,000 crypto developer profiles, finding Asia to be the top hub for crypto talent, overtaking North America.

On October 24, Ankr, a decentralized Web3 infrastructure provider, announced its support for the TON blockchain, aimed at facilitating the development of Telegram-focused dApps. This move seeks to make the process of building applications in the TON blockchain ecosystem, which is tightly connected to Telegram, more efficient.

According to some investors, many tech companies are facing a crisis that’s being overshadowed by the AI hype. Problem areas include software development, IT consulting, and even traditional sectors like the auto industry.

Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.

Anthropic, an AI development company, broadened its bug bounty program to reward those who discover vulnerabilities in AI models.