#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.

On July 25, OpenAI announced the development of a new prototype called SearchGPT. This tool will enable users to obtain quick and precise answers from relevant online sources.

Cryptocurrency exchange Gemini has become a sponsor of the English football club Real Bedford, owned by Peter McCormack, host of the popular podcast What Bitcoin Did. The sponsorship deal was paid in Bitcoin, which will be used for club development and the launch of a youth academy.

The African Development Bank (AfDB) and Intel Corporation have initiated a joint program aimed at equipping Africans with artificial intelligence skills. The project is set to provide relevant knowledge to at least 3 million ordinary citizens and approximately 30,000 government officials.

The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments.

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.

The Linux Foundation, a non-profit organization, is set to launch the LF Decentralized Trust (LFDT). This new platform aims to foster the development of open-source decentralized technologies across a range of sectors, including security, scalability, and finance.

The U.S. Navy is actively seeking a corporate partner to test its proprietary PARANOID blockchain. This innovative system is designed to significantly improve cybersecurity measures for military software throughout its lifecycle—from development to deployment.