As I mentioned in another post, I was fortunate to attend Decode 2024 in Brussels. Among the standout presentations, one that particularly impressed me was the NovaWallet presentation. It's worth watching—here's the link:

<https://www.youtube.com/watch?v=lOw6RY5NmAc>

This presentation stands out, in my opinion, because it addresses one of the weak points of all blockchains. Why do people pay with their phones today? Because it's easy... even my father, who barely knows how to use WhatsApp, already pays with his smartphone! Why? In my opinion, it's because it's the pinnacle of usability. I pay with something I almost never forget (my phone); I just have to pass it over the terminal and use my fingerprint, face, or PIN...

This is usually our weak spot in blockchain, in Web3... it seems like the target audience is the techies of the world, who know what a Wallet is, who can copy and paste the public address, who can choose a nominator and understand what a collator is... it's a world for us, the geeks. Clearly, my father is not the target audience... or is he? The day my father can use Polkadot, we will have achieved the user experience that can truly drive adoption. And that’s where NovaWallet is now making strides.

**What's so important for adoption?**

The upcoming short-term introduction of Mastercard credit card support, with incredible features:

![](https://miro.medium.com/v2/resize:fit:700/1*CW7k-z5HoTNOnpcLf1qRNw.png)

This means that we will be able to have a Mastercard in our Wallet from which we can access both the traditional and Web3 worlds quickly and easily! I'm sure some are already wondering if it will be anonymous or not... a Mastercard cannot be anonymous, as far as I know, it requires KYC due to the legal requirements of the system itself.

NovaWallet highlights that the link between Polkadot Wallet and Mastercard is transparent for the user. For example, if we want the staking rewards to go directly to the Mastercard daily without having to know about converting from this currency to that one or the process to load it... no! It will be simple, immediate, and transparent. But when? According to the presentation, there are three major releases:

![](https://miro.medium.com/v2/resize:fit:700/1*BUbx4YwlmOwTu_tsGfg4ww.png)

In September, next month at the time of writing this, the card will be launched, allowing us to spend directly from our Wallet. Later, at the end of the year, the option to simplify the main operations will be launched, and in 2025, the fully self-custodial advanced version will be released. In fact, in the opening session of Decode 2024, it was already hinted that the final version could even be accessed with a username/password so that anyone could use this Mastercard — Polkadot card, even if they have no idea about blockchain, like my father. I’m already looking forward to giving these cards to my children so they can start using Polkadot cards for their expenses—the "old" allowance, but in DOT... and they won’t need to know anything about blockchain...

The power of the self-custodial version will make it possible to do with any other service provider, such as Visa, etc., what is now done with Mastercard, as the connection engine between the Polkadot ecosystem and the traditional world will be the same.

Imagine what's coming soon: Plaza (as a boosted AssetHUB!) + Mastercard Nova Wallet + CoreTime +... can transform the user experience from something complex (currently) to something so simple that anyone can handle it without problems... are we talking about adoption? :) 

Without doubt, these are, in my opinion, major news for the ecosystem, as we build a direct bridge between the Defi world, the decentralized world, and the traditional world to pay and spend our coins from the POLKADOT ecosystem without having to jump through hoops with Exchanges, cards, etc. Great news from NOVA! I already know how my children will receive their birthday gifts 😊

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NovaWallet & Mastercad

bafybeidv2pd4dkowsbfm2wbbctf637norxb6xi7hnfunc4iamobzhwc2ju

My superhero in @peaqnetwork version

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Superhero: if he were in @peaqnetwork

A new message from X caught my attention, and I thought it would be interesting to comment on: <https://x.com/FireblocksHQ/status/1821954625605415239>

It’s about Fireblocks joining the peaq networks family.

***Please remember that I’m not recommending anything to anyone; I’m simply sharing my personal thoughts on the news.***

![](https://miro.medium.com/v2/resize:fit:700/1*CXx5FQGnJ-pJQNNBNK4RUA.png)

**What is Fireblocks?**

When we talk about DePIN, what we mean is that people are going to work together on a blockchain ([peaq](https://www.peaq.network/), in this case) to provide a service to the network, and in return, they receive rewards. This is what the [Economy of Things ](https://medium.com/@willonly23/rwa-eot-and-decentralization-21e4915ab456)(EoT) is all about.

Usually, when we think about this, we imagine a person charging their car at a point owned by Paco, and Paco allows you to charge your car. The charger, through a service built on peaq, provides energy to the car and charges for the service. This is great — peer-to-peer business is fantastic — but it would be even better if institutions could get involved. Why couldn’t, for example, a fleet of cars do this? And why couldn’t Paco benefit too?

Yes, let it happen! Let the institutions come, those much-talked-about institutions. But these organizations aren’t individuals with a wallet; they consist of thousands of people performing various functions, and they can’t rely on Luis remembering the seed phrase to make payments worth millions of dollars or euros. Large organizations need, for example, to ensure that if a certain amount of money is to be paid in a particular currency, it goes through the appropriate and pre-defined approval process. They can’t depend on a key or seed phrase that Pepe wrote down when creating the wallet to use with MapMetrics, Natix, Combiner, etc.

Therefore, organizations must have access to a set of services that allow them to meet the legal requirements they are bound to, quality standards (such as ISO), compliance with internal security and stability policies, etc. Fireblocks can provide these services, enabling large organizations or institutions to use a blockchain.

In the last 90 days, [Fireblocks](http://fireblocks.com/) facilitated over $200 billion in transactions between institutional traders and more than 30 connected exchanges. This gives us an idea of the scale of this company that has just integrated with the peaq network and the potential users of services that will join peaq and its connected applications and networks.

**What does it offer to large organizations?**

Fireblocks offers many services to companies, including:

* **Wallet as a Service**: Allowing organizations to quickly work with MPC (Multiparty Computation) wallets. As you can imagine, a large organization requires high-security wallets, but without depending on Paco having the USB. Therefore, they can use high-security MPC wallets, where the private key is “split” into parts across different locations, and several people must coordinate to execute a transaction. This should not be confused with multisig, which is slightly different.
* **Digital Asset Treasury Management**: To manage all your digital assets from a single, simple, and intuitive dashboard, even if you don’t have technical knowledge.
* **End-to-End Asset Tokenization Platform**: Supporting the entire minting process of an asset.
* **Stablecoin Payment Platform**.

Fireblocks joining the peaq ecosystem is undoubtedly great news because it could drive the entry of users and organizations into the ecosystem.

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Fireblocks integrates peaq

**Following several messages from X related to asset tokenization, video and content distribution on blockchain, I came across references to IPFS.**

There’s a lot of talk about IPFS for storing content on blockchains, but does anyone know what the heck it is?

Let’s first look at the problem and then how it could be solved.

***Before we dive in, I want to remind you that I don’t recommend anything to anyone; I simply write about how I understand things work and share it here. Everyone should do their own analysis and draw their own conclusions.***

**The Problem**

Imagine a coffee machine (XMACHINA?) that we want to tokenize and send telemetry data to a blockchain-based system (peaq network). This data is stored to control the machine, monitor its service status, provide rewards to the holders of tokens that represent this machine (RWA), etc.

![](https://miro.medium.com/v2/resize:fit:700/1*Cy5wlePRMUCJ9l6YeCDM3w.jpeg)

Moreover, this data is valuable not only for providing rewards or checking if the machine needs to be refilled with milk or coffee. Its analysis by AI can provide valuable insights into customer behavior, sales, predictions, etc. However, this data must first be normalized and prepared for AI systems… (that’s where Teneo comes in, for example).

This data represents an immense volume of information that can become increasingly difficult to store (and we’re talking about a coffee machine — imagine a car, a plane, or anything that sends video). Storing this type of information on a blockchain is, to say the least, complicated and presents numerous future scalability and usability issues. Additionally, it’s important to consider that by definition, blockchain is immutable, making it increasingly challenging to store large data.

**The IPFS Solution**

<https://en.wikipedia.org/wiki/InterPlanetary%5FFile%5FSystem>

IPFS is a distributed system for storing files in a decentralized way, and it is NOT a blockchain. It is a system that allows decentralized storage of a file, eliminating single points of failure, similar to the old BitTorrent or Emule. Some of you might remember those systems.

![](https://miro.medium.com/v2/resize:fit:700/1*O8Rw-SWxO8wokHbJEkR8OA.jpeg)

It has some distinctive features:

* It does not require all its nodes to replicate all files.
* It supports file versioning.
* Each file is uniquely identified, making it easy to detect any attempts to alter the contents.
* A file can be deleted.
* They are peer-to-peer nodes, so there is no central point.

Now imagine that we want to store telemetry information from a machine, something very necessary in an EoT environment (I recommend checking out my article on the Economy of Things on Medium: <https://medium.com/@willonly23/rwa-eot-y-descentralizaci%C3%B3n-20462d10481c>).

This data is enormous, so it’s difficult to fit it into a blockchain… better to send it to an IPFS system. This system returns a HASH of the telemetry file and replicates it across its nodes. This hash is unique and guarantees that the file is what it is and has not been modified, because if someone changes anything, the hash generated based on the content changes and is detected immediately. This adds security to the system, etc. This Hash is stored on the blockchain, ensuring that the content is immutable, because the hash cannot be changed on the blockchain, and the content is secured on IPFS. In this simple way (this is, of course, a simplified explanation), we can already store decentralized information on a blockchain. The content could be anything — video, text, telemetry, etc. — and that’s handled by the IPFS system. We get almost the best of both worlds. Almost?

Well, yes, almost, because we’re storing “raw” data, and that’s where higher-level solutions come into play. An example could be [Teneo](https://teneo.pro/).

![](https://miro.medium.com/v2/resize:fit:164/1*K1dJBkxaOQyV0Ofz_heVBg.png)

Teneo (from the [peaq](https://www.peaq.network/) network ecosystem) takes that telemetry file, processes it, and converts that raw data into normalized data, making it comparable and treatable as units of speed, product quantity, units per minute… Are we turning data into information? Once normalized, we can prepare it for AI processing, completing the circle from data to knowledge. This facilitates the creation of economies around machines, because not only are data collected for rewards or maintenance, but they can also be analyzed or sold while respecting privacy for market studies, or used directly by the owner for proactive analysis… opening up a vast world of possibilities in EoT. Without giving them away freely to a centralized organization that can access them at will, with no issues or costs.

Therefore, the union of the IPFS and blockchain worlds opens up a new realm of technological solutions to the Economy of Things. Let’s go!

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IPFS and blockchain, what are they? What do they have to do with RWA and EoT?

**What does it mean that Alchemy is partnering with Polkadot?**

The truth is that the effects of this new integration with Polkadot are yet to be seen, as it is a recent announcement from August 20, 2024: <https://x.com/AlchemyPay/status/1825834972634296349> What we do know is the products or advantages it could bring to the @Polkadot ecosystem.

---

***Remember that I DO NOT RECOMMEND anything to anyone. Everyone should do their own analysis and make their own decisions. Whether to use or not use a platform for buying or selling crypto is a decision each person must make; I am simply writing what I interpret on a personal basis.***

---

[Alchemy](https://alchemypay.org/) proposes a solution to bridge the worlds of FIAT and Crypto. It aims to help, for example, with adoption by simplifying the process of buying and selling cryptocurrencies.

In simple terms, you can buy crypto with FIAT or sell crypto and have FIAT sent to a bank account.

The products highlighted on their website are four:

**Alchemy Pay On-ramp →** This allows users to buy cryptocurrencies directly with FIAT. This simplifies the entry process into crypto for many users. In the case of @Polkadot, what will be possible is to buy DOT, for example, with FIAT. I’m not aware that it has expanded to other currencies in the ecosystem yet, but as always, we have to wait to see if other relevant coins in our environment also gain presence on Alchemy.

![](https://ipfs.subsocial.network/ipfs/bafybeibhpj7v4eebmvcxikdcopbgulvcgh2otd5y2zd55tghpnil3cahqy)

**Alchemy Pay Off-ramp →** This is the reverse process of the previous one, allowing the sale of cryptocurrencies in exchange for FIAT and transferring that amount to bank accounts.

![](https://ipfs.subsocial.network/ipfs/bafybeidldlz5iunaj3ye5shqhamwsf6qiqnkuq6hpojc3p56v6om25iyka)

**NFT Payment with Alchemy Pay →** To purchase an NFT, you usually need to move funds to the appropriate network, buy a token on that network if you don’t have the necessary currency, etc. The proposed solution is to pay in FIAT, and the network will carry out the operations to complete the NFT purchase.

**Cryptocurrency Payment with Alchemy Pay →** This allows for the payment of products and services with cryptocurrencies, with the system handling the payment processes, conversion to FIAT, simplifying the process for both the buyer and the merchant, etc.

The integration systems offered by Alchemy allow games, DeFi, etc., to offer Alchemy’s services directly within their “systems,” making the user experience easier. For example, a game that requires the use of a specific token could facilitate quick purchases on its own site with FIAT — Crypto, either through direct integration on the site or via Alchemy’s API, etc.

From a purely personal standpoint, this is good news as it offers quick and simple ways to enter the ecosystem, especially now that games (like Mythos, for example), new DeFi proposals, and DePIN environments (such as [peaq](https://www.peaq.network/) network) are starting to emerge.

**Let's go, Polkadot!**

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Alchemy & @Polkadot !

On the web, the news about Soneium and Astar zkEVM is being announced and reposted (x). But what does this really mean for Astar and Polkadot? [Link](https://x.com/AstarNetwork/status/1826832310949347807)

I’ve read comments suggesting that this might mean Astar is leaving Polkadot or that it’s a bombshell news story. Let me clarify what I believe is happening because it could be very beneficial for everyone.

---

**First of all, I remind you that I do NOT recommend anything to anyone; these are simply personal reflections that I’m writing. Everyone should do their own analysis and make their own decisions.**

---

To begin with, we should briefly remember that Astar is a blockchain with two major components:

* **The zkEVM part:** This serves as a versatile solution for global enterprises, accelerating blockchain technology adoption. It’s especially positioned as a gateway for the gaming sector, particularly in Japan. It’s an Ethereum Layer 2 solution.
* **The substrate (Polkadot) part:** This is a parachain on Polkadot, benefiting from all the advantages of the Polkadot ecosystem. Both networks ensure great interoperability between environments.  
![](https://ipfs.subsocial.network/ipfs/bafybeieyitsxrqaskhxq32wvgiuv6th3eht2pm2eba4hqsamljdcuzexaq)

### **What does this news mean?** [Link](https://x.com/AstarNetwork/status/1826832310949347807)

This means that the transition from Astar zkEVM to Soneium, an Ethereum Layer 2 chain developed by Sony Block Solutions Labs, will take place. Let’s remember that Sony is a Japanese multinational with a strong presence in the gaming world (for example: [PlayStation Network](https://www.playstation.com/)).

The integration of Astar into Soneium aims to strengthen the position of Astar and Sony in the Web3 entertainment world. One of the major goals is to accelerate and promote the integration of Web2 and Web3, helping to bring a large number of players into Web3.

### The main benefits indicated are:

* **Value capture:** Soneium, in collaboration with [Startale](https://startale.com/), will ensure that the revenue generated from its on-chain operations benefits Astar.
* **Expansion of ASTR:** ASTR will be interoperable with several major ecosystems thanks to its integration into the Superchain initiative, facilitated by Chainlink CCIP, which will increase its utility and exposure.
* **Expansion of ASTR utility:** The Astar Foundation will work on expanding the application and utility of ASTR in Soneium, aligning with the needs of the token holders.
* **Rewards for ASTR holders:** ASTR could be positioned to offer potential benefits to its holders, with future initiatives within Soneium that could generate value.
* **Liquidity provision:** Joint liquidity pairs can be created on Soneium's DeFi platforms, incentivizing participation with high-yield rewards.
* **Staking programs:** Staking projects for ASTR will be implemented in Soneium L2, offering rewards and increasing its utility and value.
* **Growth initiatives:** Soneium and Astar will launch campaigns to promote the use of ASTR in Soneium’s DeFi ecosystem, encouraging its adoption.

Therefore, we can see that this integration of the Astar parachain, through its zkEVM part, could give a significant boost to Astar and increase both the value and utility of its token. Given Astar's high interoperability with the substrate part, this could help bring Web3 players into Polkadot. Let’s also remember that the migration of [Mythos](https://medium.com/@willonly23/mythos-polkadot-5a3fe7c1ccc0) to Polkadot, also in the gaming sector, is being completed; I believe both news items together could mean big news for the entertainment segment in Polkadot in the future. For instance, the NFL Rivals game alone has 3 million players!

The truth is, we don’t know for sure how this will impact Astar-Polkadot, but personally, I think it could bring us joy in the future, not only in the entertainment sector but also in the DeFi environment!

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Polkadot — Ethereum: Astar y Sony (Soneium)

Few days ago, I published an article about [IPFS and blockchain](https://grillapp.net/12556/ipfs-and-blockchain-what-are-they-what-do-they-have-to-do-199958). Continuing along those lines, the next question is: What does IPFS have to do with Polkadot?

If you haven't read the article, let me remind you that, to simplify a lot, IPFS is a decentralized storage network (not a blockchain) that allows you to store files of various sizes, even very large ones, in a way that they are not kept on a single central system. When combined with a blockchain, it can offer not only decentralized storage but also the benefits of a decentralized network. But anyway, if you're interested, check out the article.

Now let's talk about data and Polkadot. Polkadot, like any blockchain, needs to handle large amounts of data, especially if we’re talking about DePIN, the new trending narrative, or gaming. Remember that [peaq network](peaq.network) (DePIN) and [Mythos](https://grillapp.net/@willyson23/mythos-y-polkadot-196892) (gaming) have landed on Polkadot, and they are among the networks that I **personally** consider to be the most interesting.

---

**Before continuing, let me remind you that I don't recommend anything to anyone; I’m simply writing what I understand is happening, and it’s purely my personal vision. Everyone should do their own analysis.**

---

First, let's remember that Polkadot is a major relay chain designed for fast and secure interconnection between chains.

When we talk about the DePIN (or gaming) environment, it’s inevitable to discuss the massive amounts of data that are very difficult to manage on a blockchain without the support of IPFS. This is mainly because large files or massive amounts of data cannot be stored efficiently in a block. Imagine trying to store all the "telemetry" data of a game in a block—it could be absolute chaos. One possible solution is to rely on specialized networks like [Crust Networks.](https://crust.network/)

Crust is a layer 1 network that allows data to be stored on IPFS nodes, and the hashes of this data (C-ID) are stored on the blockchain. One of Crust's great strengths is that it is network-agnostic, meaning it supports integration with multiple networks, both EVM environments and XCMP. Among the networks supported and that can be integrated with Crust, besides the Polkadot ecosystem, are Ethereum, Solana, AAVE, APTOS, etc.

There are already more than 150 projects integrating with Crust, as we can see in the following infographic:

![](https://ipfs.subsocial.network/ipfs/bafybeidiww64b5fsu6yjm3o36kfr7y3bci2cerx7thozj4p6ll2g22g5fe)

It highlights not only decentralized file storage services but also integrated NFT solutions, and as I previously mentioned: Gaming. For games to truly be Web3, they must have several characteristics, including decentralization; however, the amount of data they handle—not from the game itself but from the players' data—will be enormous. Solutions like Crust can provide a critical service to these games, not only as "hosting" but also by supporting, thanks to its decentralization, the security and availability of services to players.

As I’ve mentioned several times, two of the main drivers of various technologies have been porn and gaming. And I believe that decentralized storage + DePIN can be a great proposal for gaming platforms like YOM or Mythos (each in their own segment) to bet on the Polkadot ecosystem to enhance their players' enjoyment!

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Crust Network: IPFS Polkadot

Today, this news broke on X: <https://x.com/peaqnetwork/status/1829163447755649231>

This news indicates the availability of the Safe Wallet on the peaq network, meaning that when the TGE (Token Generation Event) and the network launch, scheduled for late September 2024, this wallet should be available. But what’s the purpose of it? We already have plenty of wallets compatible with the Polkadot ecosystem… Why do we need another one? Especially considering that Polkadot already offers multisignature services! Well, it’s not that simple, and this news could be very significant.

---

***Before continuing, I’d like to remind you that I don’t recommend anything to anyone; I’m just writing about what I understand from the news in the blockchain space. Everyone should do their own analysis and make their own decisions.***

---

The difference lies mainly in corporate environments. For an individual user, let’s call them a retail user like me, we choose a wallet based on its user experience and whether it simplifies our usual tasks… and that’s about it. However, in corporate environments, things are very different. Keep in mind that [peaq](https://www.peaq.network/) is focused on the DePIN environment. This means it’s critical to reach a critical mass of companies that trust the environment and have their “robots” interact with the network. If the goal is the [Economy of Things (EoT)](https://medium.com/@willonly23/rwa-eot-and-decentralization-21e4915ab456), we can’t stick to wallets designed for individual users; we must immediately integrate wallets designed for corporate environments, helping large companies to enter the network and trust blockchain.

Now, imagine a large company with thousands of employees. Surely, we can’t imagine a large company paying salaries from an account controlled by a single person… and if that person has a heart attack, everyone else is left unpaid. Or when we search for the word “honesty” on Wikipedia, we find this person’s picture… because, as the keymaster, they could spend it all on fancy dinners or a trip to the Himalayas. It’s not that we don’t trust people, but as the saying goes, “where there’s no temptation, there’s no sin or sinner.”

So, what are multisignature wallets for in corporate environments? They can allow several things:

* Multiple people are required to sign off to authorize a transaction, making theft or erroneous operations more difficult.
* Multiple people can carry out a transaction, adding more robustness to processes.
* Approval and execution policies can be established for transactions. In large organizations, security policies must be followed to provide more assurance to the organization’s partners, clients, and employees. These policies must also be applied to blockchain assets, so having multisignature services that allow the definition of policies or operation flows is very important.
* Batch transaction operations, potentially saving on gas costs and providing more security to the operation.
* Security policies to avoid human errors.
* Test or trial transactions, etc.

Safe Wallet is focused on this environment, which is why I consider this announcement good news, perfectly aligned with the recent announcement about [Fireblocks](https://medium.com/@willonly23/fireblocks-integrates-peaq-649bf0c5cd49).

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Safe{Wallet} & peaq networks

A few weeks ago, I published an article titled: "RWA, EoT, and Decentralization.": <https://medium.com/@willonly23/rwa-eot-and-decentralization-21e4915ab456> I am very happy to see this video from peaq precisely highlighting the concepts from the article’s title. 

<https://x.com/peaqnetwork/status/1830546271003898074>

Exciting days are coming, as the long-awaited move to production of the peaq network could be a turning point for DePIN. The peaq network is shaping what could be the foundation of a truly decentralized network of services between machines and machines, as well as machines - people, making EoT (Economy of Things) a real possibility in the near future. As I’ve mentioned, the various networks and solutions within the peaq ecosystem can interconnect in ways that allow for the creation of something very exciting.

In the near future, we might see machines interacting in decentralized environments with people who don’t need to know anything about blockchain! 

Has the long-awaited moment of adoption finally arrived?

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peaq launching

**On 4/9/2024, this news was published by peaq:** <https://x.com/peaqnetwork/status/1831325149594800159>

The message announces the arrival of [Bistroo](https://www.bistroo.io/) to the [peaq](https://www.peaq.network/) ecosystem. Bistroo is an application, currently 100% on Ethereum, designed to compete in the food delivery management sector.

---

***This post is purely a personal reflection on what I’ve read; it is neither a recommendation nor a market study. It’s simply for self-learning purposes, as I write what I’ve understood from various sources. Everyone should conduct their own analysis and not rely on interpretations of what is written.***

---

Currently, this sector is dominated by major delivery companies, which according to the article, charge fees of up to 30% for managing home delivery. In addition to these fees, they control customer data, giving them additional leverage in the business. As the holders of that data, they can use it to improve their services and conduct market analysis, which doesn’t necessarily benefit the person making the food that’s being ordered. Once again, we see the curious fact that the delivery company has more market control and better knowledge of the customer than the person making the desired product. This is nothing new compared to what we’ve already seen in centralized Web2 environments.

According to the description on Bistroo’s site: <https://www.bistroo.io/>, their proposal is to eliminate intermediaries as much as possible, creating a direct connection between the restaurant and the customer. The product menus and prices are managed directly by the restaurant, which will receive payments and orders from the customer, and both parties will manage their own data. If they choose to share this data, they could benefit from it using the BIST token.

This is an interesting proposal to follow, as it will be competing with major players in a sector where physical presence is important. For example, they are already deployed in the Netherlands and are now expanding to Belgium. They need to grow country by country to establish relationships with local restaurants and customers. Let’s remember, though it may seem obvious, that the customers and restaurants are local… it’s not common to order a menu that arrives three days after being cooked, 2,000 km away. Therefore, in my opinion, this is not a global proposal, unlike other uses of blockchain, but a solution that must build proximity relationships. This could make the need for maximum simplicity in the user experience more critical. That is, I cannot limit my (restaurant) customer base to blockchain enthusiasts, so the solution must be network-agnostic and offer a very simple experience, without differences in user experience due to technological changes between Web2 and Web3\. If I have a credit card, I should be able to pay with it, and the platform should handle token issues, transfers, exchange rates, etc. With **peaq** and the **Polkadot** ecosystem advancing as they are, I believe they are arriving at the right time. The arrival of Polkadot 2.0, alliances, and new payment systems with Mastercard, Polkadot Wallet, etc., can greatly help adoption and improve the customer experience.

There are some interesting points to resolve, which may have already been addressed, but I haven’t been able to find the information, for example: the relationship with couriers. Traditional platforms have had plenty of issues with this, and it will be interesting to see how they handle it — what kind of relationship exists, how they adapt to different regulations, etc.

I really like this project because it takes the Web3 fight directly into territory clearly dominated by Web2, without hesitation. Let’s see with proposals like these whether mass adoption happens, or if it still needs to mature. Let’s watch! Fight!

![](https://miro.medium.com/v2/resize:fit:700/1*aLNq3iV71J_pQ0OpfFyu7A.jpeg)

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Food delivery wars!

Pues sí, he escrito pecio. Ahora estoy leyendo muchos “influencers” hablando que si Polkadot sobrevivirá o no, que si no va a subir, que si…

***Os recuerdo que este post no recomienda nada a nadie, que cada uno haga sus propias investigaciones y tome sus propias decisiones. Simplemente escribo mis deducciones de lo que leo y son únicamente opiniones personales***

Pero bueno también recuerdo dos cosas que me marcaron en el anterior bullrun

* [**Clickbait**](https://es.wikipedia.org/wiki/Clickbait): Según Wikipedia → “*ciberanzuelo, es un neologismo en inglés usado de forma peyorativa para describir a los contenidos en internet que apuntan a generar ingresos publicitarios usando titulares y miniaturas de maneras sensacionalistas y engañosas para atraer la mayor proporción de clics posibles*”. Una vez hablando con un influencer que hoy en día tiene muchos seguidores le dije, “¿*cómo titulas así?, si sabes que no tiene nada que ver con la realidad*”, respuesta: “*debo generar interés”*

![](https://miro.medium.com/v2/resize:fit:700/1*DxIU35HzrlpfhGNQSDvUxA.jpeg)

* **El X% no sabe de lo que habla:** he visto influencer que con BTC a 65.000$ lo mandaban a 100.000$ antes de dos meses y otros que a 25.000$ decian que habia que vender ya que se iba a 9.000$. Que cada uno ponga en X el valor que considere

Al final el valor en $ de algo es casi imposible de conocer y lo mejor es que cada uno haga su propio análisis porque el precio varia en este entorno como en muy pocos sitios (pienso)

Por eso más que hablar de la acción de precio, que hará lo que le venga en gana, hablo de acción del **pecio**:

[**Pecio**](https://es.wikipedia.org/wiki/Pecio#:~:text=Se%20denomina%20pecio%20%28del%20lat%C3%ADn,%2C%20embalse%2C%20etc.%29.): Se denomina pecio a los restos de un artefacto o nave fabricado por el ser humano, hundido total o parcialmente en una masa de agua.

**Y como algunos están empeñados en mandarlo al fondo del océano pues vamos a ver cosas interesantes de Polkadot.**

Para mí mirar el precio de algo en el mercado y desde ahí deducir cosas es un arte complicada que ni domino ni sabré dominar nunca, por ello prefiero mirar si un ecosistema va a hacer cosas chulas o no. Luego no sabré si el precio hará algo o no, pero como eso es algo que no controlo…

Mejoras de velocidad y rendimiento de la red:

* Asynchronous Backing: <https://x.com/WillySon23/status/1823459763373662369>
* Elastic Scale: <https://x.com/WillySon23/status/1824173250869596503>
* Core Time: <https://x.com/WillySon23/status/1824735535975305350>

![](https://miro.medium.com/v2/resize:fit:700/1*9-dA-RJzcnTuJZeRkv5KqQ.jpeg)

Pero…¿y? si ya dicen que esta red está cayendo…¿para qué la mejoramos?

* EL infome Messari de Q2 2024 ya indicdaba que el volumen de trasnsacciones había subido más de un 50% <https://messari.io/report/polkadot-2-0-rebirth-an-overview?utm%5Fsource=twitter&utm%5Fmedium=organic%5Fsocial&utm%5Fcampaign=polkadot%5F2%5F0%5Frebirth%5Fan%5Foverview&utm%5Fcontent=research>
* El mismo informe indica un crecimiento de cuentas del 35%
* Además, tenemos el, a veces, tan polémico OpenGov. Es cierto que Open Gov, al hacer que las decisiones se tomen por parte de los votos de la comunidad produce algunas disfunciones, pero en realidad es la democracia por excelencia. Es cierto que se puede cuestionar si una cuenta un voto, si un dot un voto, que si las ballenas…¡claro! Todo es mejorable pero la comunidad decide, y con decisiones complicadas, en general la comunidad está avanzando y aprendiendo cada día. OpenGov debe mejorar, claro, pero es participativa y va ayudando a mejorar la red cada día.
* La archi usada en negativo inflación de DOT, está precisamente en votación si la comunidad desea reducirla. ¡OPENGOV! Personalmente creo que se va a reducir bastante, pero hay que estudiar bien los efectos colaterales para que la inflación reducida sea un buen efecto para la comunidad.

Junto a estas mejoras resulta que llegan proyectos y cosas muy chulas:

* [Mythos](https://medium.com/@willonly23/mythos-polkadot-5a3fe7c1ccc0): Llega a Polkadot Mythos con millones de cuentas. Recordemos que Mythos es una plataforma de juegos como NFL Rivals, juegos de gran éxito y que recientemente ha llegado a un acuerdo para ser el juego oficial de [Kansas City Chiefs,](https://www.chiefs.com/) equipo de la NFL. La llegada de millones de cuentas a Polkadot va a exigir mucho más a la red…¡vaya! qué casualidad que la red se ha preparado…
* [Peaq Network](https://x.com/peaqnetwork/status/1832766143502668083): peaq ha anunciado para finales de septiembre el lanzamiento de su red y el TGE del token. Peaq tiene un ecosistema muy grande del entorno DePIN que tiene grandes exigencias de velocidad y estabilidad de la red…¡oh vaya! La red se ha preparado…
* [Astar](https://x.com/AstarNetwork/status/1831937423158190177): Astar Network, parachain de Polkadot ha firmado un acuerdo para que su capa 2 de Ethereum migre a la nueva red Soneium (Sony)..¡oh vaya!

Podría seguir nombrando cosas muy chulas que llegan a la red, pero creo que es suficiente para ver que Polkadot podría tener un gran futuro por delante, más allá de que si el precio sube o baja ahora o cuándo sea. Lo dicho ni idea del precio, no tengo ni idea, pero la red…la tecnología y las propuestas ¡las veo muy bien!

bafybeiazbuuodb2ykznzf5l2nopq2fk7ykjtnomdonaunps2rdmloturza

Polkadot: Accion del ¿pecio? ¡Pecio!

Hoy recibíamos en X esta noticia desde la cuenta de peaq Networks

<https://x.com/peaqnetwork/status/1833073078978408591>

***Os recuerdo que no doy recomendaciones de ningún tipo. Simplemente escribo mi visión puramente personal sobre lo que leo. Cada uno que haga sus propios análisis y tome sus propias decisiones***

Una noticia que ha sido celebrada en la comunidad de [peaq](http://peaq.networks/). ¿Pero quiénes son los que han anunciado su llegada al ecosistema de peaq?

Llegan como n**odo validador**, es decir van a ser un actor importante dentro de la red de peaq pues van a preparar los bloques para su entrega a la relay chain.

**¿Quiénes son?**

![](https://miro.medium.com/v2/resize:fit:535/1*xZsSGV2sLXrnMhdFOx8mTg.png)

**@**[**deutschetelekom**](https://x.com/deutschetelekom) **:** Una de las mayores empresas de telecomunicaciones, con más de 252 millones de clientes y 25 millones de líneas fijas, y 22 millones de líneas de banda ancha.

**@**[**LHInnovationHub**](https://x.com/LHInnovationHub) : Hud de innovación de Lufthansa

**@**[**TU\_Muenchen**](https://x.com/TU%5FMuenchen): Universidad de Munich con más de 52.000 alumnos, 7 escuelas y más de 12.000 empleados

**@**[**Bertelsmann\_com**](https://x.com/Bertelsmann%5Fcom): Compañía de comunicación y servicios con más de 80.000 empleados, que opera en más de 50 países

**¿Por qué tanto revuelo?**

Si nos fijamos las 4 son organizaciones con mucho interés en la tecnología, amplia base de usuarios o clientes y… **alemanas**.

Una industria, puntera en Europa, parece que está confiando en los entornos DePIN y están dispuestas a probar la red de peaq y entrar en el ecosistema de forma directa como validadores. En mi opinión es una gran noticia, no sólo para peaq, sino para toda la comunidad DePIN y blockchain, sin duda la entrada de grandes del sector tecnológico e industrial es una condición necesaria para la tan ansiada adopción. Cierto que no es suficiente, pero pienso que sí necesaria y peaq está dando pasos en la dirección que puede ser la buena para el éxito.

No voy a comentar la respuesta del mercado en forma de precio de la red canaria (Krest) porque esto NO es lo importante, lo básico es pensar a largo plazo y que el lanzamiento a finales de este mes de la red de peaq (es lo anunciado) podría marcar un antes y un después en este entorno. Sí, ¡ya sé! Esto se ha dicho de muchas redes y muchas veces, pero ¡dejadme tener la ilusión!

bafybeiaau4fbwwaurodzuohhrqfnif2yk4xyo4sdz2rypaivyvt5d5uvge

¡Validadores! en peaq networks

For days, I’ve been coming across more and more comments about Substrate, Cardano, and Polkadot. This news started to make waves at the end of 2023, but now I’m hearing it again, to the point that some are talking about a merger of both networks… well, that’s not the case (spoiler).

I’m going to try to explain my view on this news, which I think is fantastic, but it has nothing to do with what some people are saying.

---

**First of all, let me remind you that I’m not recommending anything to anyone, I’m just sharing my thoughts on what I understand from the various news I’ve been reading.**

---

To begin with, let's explain some basic concepts, and I’ll try to keep it simple so this doesn’t drag on:

**Substrate:** Substrate is a platform or framework that makes it easier to create customized blockchains. It’s built on Rust, a programming language, but what’s important is that it simplifies the process so developers don’t have to build everything from scratch.

Imagine you want to create your own blockchain, Substrate offers pre-built and configurable modules, so you only need to adjust what you need, instead of having to design everything from the ground up. This allows you to focus on the specific functions you want to implement, rather than on the basic technical infrastructure.

**Cardano:** A blockchain based on very solid technology and a well-thought-out evolution process. Its Ouroboros consensus algorithm is focused on the stability and security of the network.

**Polkadot:** By now, I don’t think I need to define the Polkadot chain for you, so I won’t go into it here 😊.

**Cardano’s Partnerchains:** The Partnerchain on the Cardano network are blockchains that are linked to the Cardano mainnet and can operate in parallel or as complements. This helps to relieve congestion on the main network or, for example, simplify the process of interconnecting with Cardano from other networks.

**The news (which originally came out in late 2023 and was announced by Charles Hoskinson, founder of Cardano):** Cardano will leverage Substrate to develop its Partnerchains.

This means that Substrate is the chosen framework for integrating Partnerchains with Cardano. This is obviously great news for Polkadot, since Substrate was developed by Parity, and using it in Partnerchains will simplify the potential integration of Polkadot and Cardano. I said *integration* in the sense of collaboration and synergy, not ***merger***. Building bridges that allow both networks to capitalize on each other’s strengths is excellent news for the ecosystem.

Let’s keep in mind that one of the goals of Cardano’s Partnerchain is to simplify network interconnection, which lays the groundwork for interaction between the two networks to become a reality. It’s true that there are still many issues to resolve because using Substrate doesn’t mean they speak the same language — instead, there will be a translator between them. For example, the consensus algorithms will still be very different.

![](https://ipfs.subsocial.network/ipfs/bafybeidjevwpfww27klpoxi42wyvc2un3z365ljmmzpwrq3jr2b2tmbrmq)

I will allow myself to imagine what it could mean in the future if we have DeFi environments that allow liquidity to flow easily between Cardano and the entire Polkadot ecosystem, making life easier for users. From our wallet, we could agnostically take advantage of the strengths of both networks. That’s where I think we should be heading. What does it matter to the user whether the underlying technology is Polkadot or Cardano? What they want is to participate in DeFi benefits without needing 20 wallets and 10 different tokens, crossing 12 bridges. I want to push a button and say, “I want to participate,” and make it happen, just like I do with my bank. I push a button and send money to my son, without the same problems and labyrinths we had 20 years ago. With new technologies, we don’t have to wait 20 years to make progress... we can do it in 20 months.

bafybeidop5tyxmy7uhkednsywxiipuvealvgc43e35z5ym5tty4zg6ysu4

Cardano - Polkadot

Ayer publicaba un [post](https://medium.com/@willonly23/cadenas-asociadas-cardano-y-polkadot-908c719f9b9b) hablando de que volvía a moverse la noticias conforme Cardano adoptaba Substrate para sus cadenas asociadas. Ya comenté que me parecía una gran noticia. Ahí ya indicaba que **NO** se trata de una fusión, si no que esa adopción facilitaría la comunicación entre ambos ecosistemas. También decía que había grandes diferencias entre ambas concepciones de red. Sería muy largo comentarlas todas así que vamos a comentar dos de ellas que considero importantes: Arquitectura y sistema de [consenso](https://es.wikipedia.org/wiki/Problema%5Fdel%5Fconsenso). Me quedo con estas porque pienso son suficientemente representativas para poder entender porque una FUSIÓN, como he llegado a oír en algún clickbait es como poco “compleja”.

---

***Antes de seguir os recuerdo que no recomiendo nada a nadie, simplemente escribo lo que entiendo de lo que voy estudiando.***

---

**Aquitectura**

La arquitectura de Cardano se basa en la separación en dos capas:

* **Capa de liquidación (CSL)**: Maneja las transacciones básicas, como la transferencia de tokens. Está diseñada para enrutar en valor entre un emisor y un receptor.
* **Capa de cómputo (CCL)**: Ejecuta contratos inteligentes y maneja las operaciones complejas.

Esta separación en dos capas le permite gran flexibilidad a la hora de introducir mejoras y en manejar la seguridad y eficiencia de la red. Pensemos que Cardano tiene un enfoque eminentemente académico, donde en la parte tecnológica hay una fuerte revisión de todo por pares, es decir, cuando se propone un cambio tecnológico, otros “expertos” deben analizar la propuesta para poder validarla antes de su paso a producción. Esto lo hace más lenta que las demás, algo que se le reprocha en general, pero ciertamente es una red que tecnológicamente se le puede reprochar poco.

Tampoco debemos olvidar que uno de los grandes objetivos que anuncia Charles Hoskinson es ofrecer servicios en países subdesarrollados que necesitan servicios financieros, por lo tanto, esta separación en capas de transmisión de valor y ejecución de contratos inteligentes cobra mucho sentido para brindar la seguridad necesaria en estas operaciones.

[**La arquitectura de Polkadot**](https://wiki.polkadot.network/docs/learn-architecture) es radicalmente distinta. Se basa en una separación clara entre Relay Chain, que proporciona las capas de seguridad y consenso, y las [parachains](https://wiki.polkadot.network/docs/learn-parachains-index), que son blockchains independientes que corren en paralelo y se conectan a la Relay Chain para beneficiarse de su seguridad.

La Relay Chain de Polkadot no soporta contratos inteligentes pues estos se ejecutan en las parachains. La gran ventaja de esta arquitectura es su elevada seguridad (está delegada a la Relay) y la gran posibilidad que cada parachain esté adaptada a su misión específica. Entre estas misiones pueden estar, por supuesto, establecer conexiones con otras redes como Ethereum, Cosmos, etc.

**Algoritmo de consenso**

**Cardano** utiliza [Ouroboros](https://cardano.org/ouroboros), algoritmo de consenso basado en **Proof of Stake (PoS).** Ouroboros ha sido diseñado para dar seguridad y eficiencia en el consumo energético.

Se basa en **nodos de staking pools** que participan en la validación de bloques. Los usuarios pueden delegar su participación a estos pools, lo que permite una mayor descentralización y seguridad. Además, este protocolo favorece la validación a aquellos nodos más pequeños para reducir la influencia de las ballenas.

**Polkadot** utiliza un **mecanismo de Proof of Stake pero con Nominación, es decir** [**NPOS**](https://wiki.polkadot.network/docs/learn-phragmen)**,** su protocolo de consenso es una combinación de dos mecanismos:

* [**BABE**](https://wiki.polkadot.network/docs/learn-consensus#block-production-babe): Se utiliza para la producción de bloques. Una vez se reciben los bloques candidatos desde las parachain, Babe se encarga de la producción del bloque.
* [**GRANDPA**](https://wiki.polkadot.network/docs/learn-consensus#finality-gadget-grandpa): Se utiliza para la finalización de bloques. Una vez los bloques deben ser validados, el protocolo GRANDPA inicia la validación de estos, ya que puede validar varios a la vez gracias a la capacidad de identificar el bloque “ancestral” válido, quedando automáticamente validados todos los anteriores (de ahí el juego de palabras con GrandPa / Babe). Esto eleva la velocidad y seguridad de la red.

![](https://miro.medium.com/v2/resize:fit:700/1*ewZCGCwhLjVLKMMX8v0Lag.jpeg)

Como podemos ver ambas redes son grandes soluciones tecnológicas, aunque su funcionamiento es radicalmente distinto, con lo que incluso la construcción de un bridge entre ambas es un gran reto, ya que se debe resolver antes varios problemas técnicos importantes, sin embargo, el que ambas “usen” **substrate** ya es un buen paso adelante, en mi opinión.

bafybeichn32p6iymfkzx2imzdwkjaxjjckboskl6vlou7oxerhl6v4pdhm

Cardano vs Polkadot (I)

This morning, this news was published on X: <https://x.com/peaqnetwork/status/1835974944343154793>

“[Layer Zero,](https://layerzero.network/) the leading omnichain interoperability protocol, integrates peaq.” But what does this really mean? What is it for?

---

***I’d like to remind you that I’m not recommending anything to anyone; I’m simply writing what I personally understand from the news and information I read.***

---

According to LayerZero’s website: <https://layerzero.network/>

LayerZero is a technology that enables applications to move data across blockchains, uniquely supporting censorship-resistant messages and permissionless development through immutable smart contracts. As the wise man said, “Huh?” 😊

**Censorship-resistant**: The protocol ensures that messages are delivered without interference from third parties.  
**Permissionless**: Anyone can run the application.  
**Immutable**: The technology used ensures that messages cannot be altered in the future.

In other words, we could define LayerZero as a protocol focused on interoperability that allows communication between multiple blockchains. It is designed to facilitate the transfer of data and assets between different blockchains without relying on centralized intermediaries. Its goal is to create an environment where decentralized applications (dApps) can be truly “omnichain,” meaning they can operate across multiple blockchains simultaneously.

# **How does LayerZero work?**

LayerZero uses an architecture based on two main components: **Relayers** and **Oracles**. These work together to enable secure communication between blockchains:

![](https://miro.medium.com/v2/resize:fit:700/1*JW6ZDlEdiHH9r4ViZIs6tA.png)

* **Oracles or DVNs**: These are services that verify and certify the data coming from a source blockchain before it is transmitted to a destination blockchain. This ensures that the information is accurate and valid.
* **Relayers/End Points**: These are responsible for transmitting the data (or messages) between blockchains, taking the data verified by the DVNs and delivering it to the destination blockchain.

This system of Relayers and Oracles is designed to be modular, meaning that App developers can choose their own Oracle and Relayer providers, adding flexibility and decentralization to the communication process. LayerZero does not rely on a single set of centralized systems but allows a variety of providers, reducing points of failure and increasing the protocol’s security.

# **What does this bring to** [**peaq**](https://www.peaq.network/)**?**

We must remember that LayerZero currently integrates around 80 networks, in which we have many deployed services. Initially, I imagine that the first step is to integrate into DeFi environments, which will allow peaq and tokens in its ecosystem to have access to many more markets in a very agile way, enabling participation in different markets relatively easily and quickly. However, we must keep in mind, based on what we’ve seen from LayerZero, that it is not solely focused on tokens but on assets in general. This means that communication can occur around any integrated asset, not just tokens. Therefore, DePIN could potentially take advantage of this connectivity to make its proposals much more accessible to other networks. We could have the exchange of information between different chains in a simple way for system users.

We’ve discussed several times that the key, in my opinion, to adoption is simplicity — ensuring that users aren’t overwhelmed with different wallets or processes depending on whether they access X or Y. That’s why integrations like this can make processes network-agnostic by allowing operations to be delegated directly to applications.

![](https://miro.medium.com/v2/resize:fit:700/1*pfFLf-GDDiRmZMI2w3SPYQ.jpeg)

# **In general, the potential benefits could be:**

1. **Interoperability**

LayerZero enables communication between multiple blockchains. This could facilitate interoperability with smart contract blockchains, decentralized finance (DeFi) networks, and other blockchain infrastructures, expanding the capabilities and reach of peaq’s applications.

**2\. Data and Asset Transfer**

LayerZero allows not only the transfer of assets but also data between blockchains. This could be beneficial for peaq in cases where infrastructure data (such as sensor information from vehicles or buildings) needs to be shared between different blockchains or decentralized applications. This application would be very interesting.

**3\. Permissionless Development**

Integration with LayerZero would allow peaq to benefit from a permissionless interoperability platform, meaning that developers could build applications and solutions on peaq without the need for extensive modifications or additional permissions.

**4\. Reduction in the Need for Centralized Bridges**

By using LayerZero, peaq could reduce its dependence on traditional centralized bridges, which may present security vulnerabilities.

# **In conclusion**

The union of peaq with LayerZero could enhance the interoperability, security, and flexibility of its applications, and **in my opinion**, this is undoubtedly **great news.**

![](https://miro.medium.com/v2/resize:fit:700/1*IGosR26fcy8dOaLG45TqSA.jpeg)

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peaq & Layer Zero - My explanation

Block 22,602,000: What Does It Mean for Polkadot?

In the referendum: <https://polkadot.polkassembly.io/referenda/1161>, the activation of CoreTime on the Polkadot network was approved. **The king is dead! Long live the king!** In this case, the dead king is the parachain slot auction system, and the new king is Coretime.

![](https://ipfs.subsocial.network/ipfs/bafybeig76ec46jizabjxga5epemyxfz2bsmr2i4nygu7pynwt7dyzt6euq)

---

***I want to remind you that I don't recommend anything to anyone. I simply write about what I think I’ve understood from the various information I receive and from what I study.***

---

The introduction of this new system is not only a milestone for Polkadot but also for the entire blockchain ecosystem. With this, Polkadot's Nakamoto coefficient shoots above 112\. Remember, this coefficient gives an idea of the actual decentralization level of the network analyzed. As a reference, Ethereum doesn’t exceed 1, and Solana reaches 10.

But the purpose of this post is not to talk about the new king, which we’ve already written plenty about. I want to summarize what the dead king, the Parachains, represented.

The last slot auction was won by Kylix: <https://parachains.info/details/kylix%5Ffinance>. They will have the honor of closing one of the most interesting phases of the first Polkadot era.

From the parachain era, in which each project was required to reserve and lock DOT tokens for two years, we can highlight many things. For instance:

The first auction took place in late 2021 and was won by Moonbeam, with almost 36 million DOT locked by over 48,000 wallets that supported the project. Let’s remember that during that time, DOT was reaching its all-time highs.

![](https://ipfs.subsocial.network/ipfs/bafybeifmrj7i6brvwz7iesuzf6intiwnyj2uorziqpkgwnqcktsuhrctee)

Since then, 81 slot auctions have been held with varying results. In the early auctions, the amounts locked by the community were incredibly high, as we were probably in the midst of FOMO in 2021\. One of the issues often mentioned in the community is the two-year lockup of those contributed DOTs. Yes, the winning project did give you some of its tokens in exchange for your support, but a two-year lockup was very long.

Speaking of the tokens received, how profitable was it? Well, it’s tough to say, as tokens had various vesting schedules, different delivery times, and fluctuating values for both DOT and the respective tokens. But in summary, at the CURRENT price (which is low), the most profitable project was Astar, which delivered $6.58 per locked DOT. Given that DOT is priced at $4, that doesn’t sound bad, right? To find the first auction winner (Moonbeam) on this list, we have to go down to the 11th place. I really like ASTAR!

Looking at it in dollar terms, receiving tokens valued at $6.5 for each DOT you locked, which they later return to you, doesn’t seem like a bad deal. However, everyone must do their own math to see how they fared. I have no doubt that in hindsight, we all think, "if only I had sold and bought, I would’ve done better." Well, that never worked for me, which is why I don’t do it... I’ve only managed to learn how to lose. And I’m great at that 😊.

![](https://ipfs.subsocial.network/ipfs/bafybeiatommfcwyvup6jocbc452qruoux6gr7ossx346nplid7p4gudjk4)

In summary, the parachain slot leasing model seemed like a great experiment that worked well and allowed the network to prepare for the arrival of CoreTime, where we transition from fixed two-year slots to runtime leasing, which is much more efficient for everyone. In the long run, it could provide more utility to the DOT token, offer more flexibility to parachains, etc. Ultimately, it’s a much more advanced model, but I believe we shouldn't underestimate the tremendous work the previous SLOTs did. The king is dead! But the king will not be forgotten!

bafybeifp5vpqqvqzf4t27ph345jusp256irutoyrzohr2e6s2opkclxb74

Parachains auction: the end

I was reading X, and this [message](https://x.com/peaqnetwork/status/1836606339381911752) popped up about a $100 million fund that Borderless Capital is going to provide for DePIN projects. I won’t talk about who this company is or who’s behind it because you have all this information on the peaq blog: <https://www.peaq.network/blog/peaq-backs-100-million-depin-fund-iii-by-borderless-capital>.

What I’m considering as I read it is trying to summarize the problems around DePIN projects.

---

***Before continuing, I’d like to remind you, as always, that I do not make any recommendations of any kind; I’m just sharing my learnings or reflections on what I read.***

---

Unlike other blockchain-related projects, DePIN projects, in general, can’t be said to be part of IoT, but rather EoT, which stands for the **Economy of Things**. We’re not talking about machines needing to communicate with each other. In this case, we’re talking about creating an economy where people and things must interact and generate value for both people and machines. There are already DePIN projects emerging around AI solutions, which makes the whole topic even more complex. If you haven’t read it, I published an article on this: <https://medium.com/@willonly23/rwa-eot-and-decentralization-21e4915ab456> You can find some basic concepts there.

DePIN projects must aim to create a sustainable and profitable economy alongside a technological solution. And for that, they must, in my opinion, meet several objectives:

**Scalability and mass adoption**

The best way, I think, for a DePIN solution to have long-term viability is to achieve a significant user, device, and node base that allows it to be a true alternative. For example, if we create a decentralized Internet access solution, we’ll need a large user base to provide coverage. Otherwise, it will remain a beautiful idea that doesn’t have enough entry points for the service and will eventually be abandoned. It’s going to be necessary to convince not only users but also businesses to adopt the solution in order to reach a critical mass. That’s why I was thrilled to see who[ has joined as network validators](https://www.peaq.network/blog/telekom-lufthansa-innovation-hub-bertelsmann-investments-and-tum-join-the-peaq-genesis-node-pool), as it indicates that peaq could be the solution that drives adoption and thereby gives its ecosystem a better chance to reach critical mass.

## 

![](https://miro.medium.com/v2/resize:fit:700/1*Kzz_YAumNyef6To31n8JDQ.jpeg)

**Regulation and compliance**

Centralized service solutions, such as electric vehicle chargers, drones, etc., generally have clearer regulations compared to decentralized environments. Governments could therefore act as real stoppers for many solutions. That’s why transparency and compliance with various regulations must be key in the DePIN world. And here, in many cases, just as an example, things like KYC could come into play. In my opinion, it’s very necessary but also much feared by many.

**Economic incentives**

Large centralized companies have it “easy” as they just need to understand the ROI, invest, and know what profit they will get. In decentralized environments, everything changes. We could be dealing with thousands of nodes, each belonging to someone or something that needs to be incentivized and rewarded. Here we go back to talking about the **Economy of Things**. It’s crucial for this economy that we have a very fast, stable network that inspires trust in the market. That’s why I think [peaq](https://www.peaq.network/) can be a great alternative, being part of the Polkadot ecosystem, which is fast, has low fees, and offers a high level of security ([Nakamoto Index of 122](https://nakaflow.io/)). We must keep in mind that if a DePIN project is “on a decentralized network” that is “very centralized,” we’re creating another problem… and in this case, a very curious one. We could end up with problems from both worlds.

**Interoperability with current solutions**

I once had a professor who told me: “God made the world in 7 days… because He didn’t have a pre-existing base to work from.” In the world we live in, we must accept that, even though we love decentralization, today’s world is centralized. Therefore, we must be able to operate with both centralized and decentralized ecosystems. That’s why I was so happy with the peaq news about Mastercard, LayerZero, etc. Without integration and interconnection, DePIN networks have a much harder time.

<https://www.peaq.network/blog/layerzero-integrates-peaq>

**Efficiency and UX**

As I mentioned when talking about EoT, the stability, speed, and security of the network are critical. We can’t lose customer trust, so the network must be highly efficient in its operation. Additionally, it must be easy to use; we shouldn’t overwhelm people with multiple bridges, wallets, and keys. Transactions must be fast, secure, and network-agnostic… something my father could do, for instance. That’s why I love the news about the agreement with Alchemy: <https://medium.com/@willonly23/polkadot-alchemy-pay-cb6748aeb0a3>.

Finally, we must consider that to accomplish all that I’ve mentioned (and much more), **an initial capital is needed** to get the engine started and help it gain traction. That’s why this $100 million fund that prompted this post is such good news. It can help bring to light solutions that might eventually be implemented and, in a few years, become a common part of our lives… hopefully!

![](https://miro.medium.com/v2/resize:fit:700/1*k5KAMQaUooO598FGHf3hmw.jpeg)

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100 million fund?

The truth is that today I was asked how to send or withdraw USDT to Polkadot without going through a CEX.

A good thread started in the group I was in, with everyone sharing their opinions or the bridges they could use, and I thought, well, honestly, I would do it differently. And I think it’s simpler. So I decided to write my guide. **WARNING!**

What I explain is what I have done to address this question, **which doesn’t mean it’s the best or worst method, nor that I recommend anyone to follow it, or that the fees will be the same or different later on. I’m just explaining what I did,** and everyone can decide if it’s worth it or not. **I DO NOT RECOMMEND ANYTHING TO ANYONE.** It’s your money and your responsibility.

---

**The Problem**

Transferring liquidity to or from the Polkadot ecosystem to another, for example, BSC. Specifically, the question was: “Can I transfer USDT, which I have as DOT, to other networks like Polygon or BSC without going through any centralized exchange?” Keep in mind that [Snowbridge](https://t.co/gFuHE8nS8r) and [Hyperbridge](https://t.co/PJR3qAfBEQ) are not fully operational yet (as far as I know).

**My Alternative**

Since I’m a Polkadot ecosystem user, when someone talks about SWAP, Hydration, Stella, etc., come to mind. However, as soon as they mentioned Polygon or BSC, I immediately thought of Moonbeam.

**What is Moonbeam?**  
Moonbeam is a Polkadot parachain specializing in smart contracts and compatibility with other networks, especially EVM.

Once I thought of Moonbeam and EVM compatibility along with smart contracts, the next natural step was [**Squidrouter**](https://app.squidrouter.com/).

**What is Squidrouter?**  
Squidrouter is an interoperability tool that facilitates token exchanges between different blockchains. It’s based on the Axelar protocol, which enables seamless integration into decentralized applications (dApps), improving user experience. In simpler terms, it allows you to swap different assets across different networks, finding possible routes automatically. However, it’s not guaranteed to always find the best route, so it’s still up to the user to verify that the fees are correct. It’s like Google Maps — just because Maps guides you doesn’t mean you won’t end up in a river, as has happened to some 😊.

But look how easy it is! Let’s move on to the “demo.”

Before continuing, thanks to my cyber friend <https://x.com/JLiBercry>, responsible for the Axelar Hispano community, for introducing me to the world of [**Axelar**](https://x.com/axelar)**!**

**Enough chatter, let’s get to it. How did I do it?**

---

**Moonbeam:**  
First, I sent the DOT from Polkadot to Moonbeam, converting the DOT into **xcDOT**.

To do this, just go to <https://apps.moonbeam.network/moonbeam>, connect your EVM wallet (in my case, Metamask), and transfer DOT from Talisman, JS, or your substrate wallet. I assume that at this point, you’ve already connected Metamask to Moonbeam and have GLMR to pay for fees.

![](https://miro.medium.com/v2/resize:fit:574/1*W-K4ESMDucNpmYNsTNFS4A.png)

To convert DOT to xcDOT, you need to use the cross-chain/parachain option.

Once on the parachain, select the Polkadot origin network (with your Polkadot address from the dropdown, you’ll need to input your Substrate wallet) and, for the destination, your Metamask/Moonbeam wallet.

![](https://miro.medium.com/v2/resize:fit:331/1*Vx7wqfqOQ4hQX46KR3YRqQ.png)

After that, I input the amount of DOT I wanted to transfer to Moonbeam, let’s say 2 DOT.

![](https://miro.medium.com/v2/resize:fit:603/1*afR9wbJ0xoY-eoidMGcJzA.png)

According to the prompt, I’m sending 2 DOT, but I’ll be charged arrival fees (deducted from the 2 sent) and departure fees. In total, around 0.066 DOT → approximately 0.25 USDT at today’s rate (October 2, 2024). Not bad. I confirm… and within a few seconds, my xcDOT has arrived.

![](https://miro.medium.com/v2/resize:fit:371/1*oNIoiM7eB4ukot2CFEUBVQ.png)

I had 1.48, and the 2 sent make 3.48 xcDOT.

Now that I have the DOT on an EVM-compatible chain, I head over to **Squidrouter** to exit the Polkadot ecosystem: <https://app.squidrouter.com/>

![](https://miro.medium.com/v2/resize:fit:428/1*0hH9P7-FSOmr-QW1jdjx0g.png)

At the top, I select the origin network and token, and at the bottom, the destination. **WARNING!** Make sure you select the correct token, as there are many variations of USDT depending on what you want to do… I always do a test with a very small amount before making a full swap. Otherwise, you might end up blaming everyone when it’s actually your fault for not checking carefully.

![](https://miro.medium.com/v2/resize:fit:417/1*I8tZilB4kwrsnFTTxNK2Xw.png)

I enter the 2 DOT I want to swap… and I need to approve the use of the tokens in Metamask:

Once the fees are approved, the SWAP is executed. **WARNING!** You need GLMR for the exit fees and BNB for the destination fees (I’m not sure about the latter since I always have some 😊).

![](https://miro.medium.com/v2/resize:fit:410/1*MxCkIn9PseH1q07ARfJzQA.png)

What’s left on the Moonbeam origin network:

![](https://miro.medium.com/v2/resize:fit:404/1*RZIiAr4cOoT8EgOD8whpDw.png)

As you can see, my GLMR dropped from 6.74 to 1.1, so I deduce that the total fees in GLMR were 5.6, which is just under 1 USDT.

Honestly, these fees seem low for this test, and now I’ll try it in reverse. I’ll transfer USDT from BSC to GLMR on Moonbeam:

![](https://miro.medium.com/v2/resize:fit:411/1*sKrvuPCQMjf5H9vwzqmWYw.png)

I approve the token usage, confirm the SWAP

And my BNB to pay for fees drops from:

![](https://miro.medium.com/v2/resize:fit:416/1*oEkS6xQR90jmgdOBwBwFpA.png)

To after the swap:

![](https://miro.medium.com/v2/resize:fit:368/1*Vo3-xkrf8FYeNjS3TZI6eg.png)

Less than 1 USDT in fees… personally, I think that’s reasonable, but again, it’s up to everyone…

Before doing the SWAP, I always check that the exchange rate is correct. For example, 2 DOT converted to 8.24 USDT, which is an exchange rate of 4.12, roughly in line with the market rate at this time. And 8.24 USDT converted to 50 GLMR, which is also very close to the market rate.

I don’t know if this is the best way, but I enjoyed testing it and seeing how fast **Squidrouter/Axelar** helps us move assets in and out of Polkadot.

Honestly, I love **Polkadot and Axelar!**

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Axelar: Liquidity to and from Polkadot

Today, we could read the following message from peaq Network on X: <https://x.com/peaqnetwork/status/1844318245286969622> announcing the arrival of a new member to the peaq family. So, I decided to dig a little deeper.

***First, let me remind you that I do not make any recommendations of any kind. I simply note what I believe I am learning. Everyone should conduct their own research, as there may be errors in this text.***

# **What is TouchBrick?**

TouchBrick is an organization focused on cybersecurity and privacy for handling sensitive business data, using artificial intelligence (AI) and decentralized technologies like blockchain. The company provides solutions that allow organizations to securely store, protect, and share critical data, complying with regulations such as GDPR. (As indicated on their website)

![](https://miro.medium.com/v2/resize:fit:700/1*E8CCQcblmgmPq9L2B-BC9g.png)

* **Website**: [www.touchbrick.com](http://www.touchbrick.com)
* **Twitter**: @TouchBrick
* **Physical Location**: Tampa, Florida, USA
* **Leadership Team**: Shayra Antia (CEO), Jason Melo (CTO)

Founded in 2021, the company is backed by investors such as Outlier Ventures and Expert DOJO. ([PitchBook](https://pitchbook.com/profiles/company/530635-87))

# **Goal and Products**

TouchBrick aims to protect organizations’ most sensitive data through privacy and cybersecurity solutions, focusing on regulatory compliance and the use of AI. Their main focus is to provide companies with the necessary tools to train AI models without compromising user privacy or data security.

![](https://miro.medium.com/v2/resize:fit:700/1*rC828oBjS5JCQquaC6QuSA.png)

**Main Products**:  
[Link to products page](https://www.touchbrick.com/product)

* **AI Sentinels**: The company offers systems that behave as agents capable of proactively identifying and preventing threats. Even administrators cannot access the data without the proper rights.
* **AI Training**: TouchBrick allows companies to use synthetic data to train their artificial intelligence models. This enables companies to use large volumes of data without exposing private user information, complying with various local regulations, as stated on the products page.

# **Target Market Segment:**

TouchBrick primarily focuses on companies that handle large volumes of sensitive data, for example, those in sectors such as:

* **Healthcare**: Protecting medical records and other critical patient data. For example, it would allow health data to be compared between patients of similar profiles to learn to detect or prevent various situations.
* **Finance**: Securing transaction records and access to financial data, which can be used in AI learning systems.
* **Technology and Artificial Intelligence**: Enabling the safe use of data for training AI models without violating individuals’ and organizations’ privacy.

# **What does TouchBrick use blockchain for?**

Although TouchBrick is not a blockchain, it uses this technology to ensure the privacy and security of stored data. This allows it to use decentralized infrastructures to ensure that data is securely stored and encrypted.

Additionally, TouchBrick integrates with platforms like peaq, using, for example, decentralized identity functions to enhance security in data exchanges between entities. Blockchain technology ensures that data is neither manipulated nor exposed to unauthorized access, which is critical for companies handling sensitive information.

![](https://miro.medium.com/v2/resize:fit:700/1*EeZZx7hpNk2jj4A26DgnKw.png)

With peaq, it could gain several advantages:

* **peaq ID**: TouchBrick could leverage peaq IDs to securely manage data identities or origins, for example.
* **Interoperability**: Being part of the peaq ecosystem provides access to all other companies, applications, and networks in the peaq ecosystem, opening up a world of possibilities for data exchange.
* **EoT (Economy of Things)**: Companies using TouchBrick solutions could potentially monetize their data repositories without compromising user privacy.
* **Global Regulatory Compliance**: With peaq, TouchBrick could help companies comply with global regulations such as GDPR, ensuring a high degree of privacy for user data.

# **In summary:**

TouchBrick offers advanced cybersecurity and privacy solutions that are enhanced within the peaq ecosystem, enabling companies to harness the power of AI without compromising user privacy.

Another company to keep an eye on to see how it evolves, how its products perform in the real world, and whether it can carve out a place in the market. Good luck!

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TouchBrick & peaq Network

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gSan71

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Willy

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peaq Network

A new message from X caught my attention, and I thought it would be interesting to comment on: https://x.com/FireblocksHQ/status/1821954625605415239

It’s about Fireblocks joining the peaq networks family.

Please remember that I’m not recommending anything to anyone; I’m simply sharing my...

Hoy recibíamos en X esta noticia desde la cuenta de peaq Networks

https://x.com/peaqnetwork/status/1833073078978408591

Os recuerdo que no doy recomendaciones de ningún tipo. Simplemente escribo mi visión puramente personal sobre lo que leo. Cada uno que haga sus propios análisis y tome sus...

I was reading X, and this message popped up about a $100 million fund that Borderless Capital is going to provide for DePIN projects. I won’t talk about who this company is or who’s behind it because you have all this information on the peaq blog: https://www.peaq...

On the web, the news about Soneium and Astar zkEVM is being announced and reposted (x). But what does this really mean for Astar and Polkadot? Link

I’ve read comments suggesting that this might mean Astar is leaving Polkadot or that it’s a bombshell news story. Let me clarify what I believe is...

Apasionado de la web3 y la blockchain. Enamorado de Polkadot y todo su ecosistema

Pues sí, he escrito pecio. Ahora estoy leyendo muchos “influencers” hablando que si Polkadot sobrevivirá o no, que si no va a subir, que si…

Os recuerdo que este post no recomienda nada a nadie, que cada uno haga sus propias investigaciones y tome sus propias decisiones. Simplemente escribo mis...

A few weeks ago, I published an article titled: "RWA, EoT, and Decentralization.": https://medium.com/@willonly23/rwa-eot-and-decentralization-21e4915ab456 I am very happy to see this video from peaq precisely highlighting the concepts from the article’s title.

https://x...

Today, this news broke on X: https://x.com/peaqnetwork/status/1829163447755649231

This news indicates the availability of the Safe Wallet on the peaq network, meaning that when the TGE (Token Generation Event) and the network launch, scheduled for late September 2024, this wallet should be...

Ayer publicaba un post hablando de que volvía a moverse la noticias conforme Cardano adoptaba Substrate para sus cadenas asociadas. Ya comenté que me parecía una gran noticia. Ahí ya indicaba que NO se trata de una fusión, si no que esa adopción facilitaría la comunicación entre ambos ecosistemas...

The truth is that today I was asked how to send or withdraw USDT to Polkadot without going through a CEX.

A good thread started in the group I was in, with everyone sharing their opinions or the bridges they could use, and I thought, well, honestly, I would do it differently. And I think it’s...

Few days ago, I published an article about IPFS and blockchain. Continuing along those lines, the next question is: What does IPFS have to do with Polkadot?

If you haven't read the article, let me remind you that, to simplify a lot, IPFS is a decentralized storage network (not a blockchain) that...

As I mentioned in another post, I was fortunate to attend Decode 2024 in Brussels. Among the standout presentations, one that particularly impressed me was the NovaWallet presentation. It's worth watching—here's the link:

https://www.youtube.com/watch?v=lOw6RY5NmAc

This presentation stands out,...

For days, I’ve been coming across more and more comments about Substrate, Cardano, and Polkadot. This news started to make waves at the end of 2023, but now I’m hearing it again, to the point that some are talking about a merger of both networks… well, that’s not the case (spoiler).

I’m going to...

The blockchain for real-world applications 🌎
Scalable, decentralized, green, multi-chain.
Layer-1 built to power #DePIN and Machine #RWA 🚘⛵️✈️

What does it mean that Alchemy is partnering with Polkadot?

The truth is that the effects of this new integration with Polkadot are yet to be seen, as it is a recent announcement from August 20, 2024: https://x.com/AlchemyPay/status/1825834972634296349 What we do know is the products or...

Following several messages from X related to asset tokenization, video and content distribution on blockchain, I came across references to IPFS.

There’s a lot of talk about IPFS for storing content on blockchains, but does anyone know what the heck it is?

Let’s first look at the problem and...

This morning, this news was published on X: https://x.com/peaqnetwork/status/1835974944343154793

“Layer Zero, the leading omnichain interoperability protocol, integrates peaq.” But what does this really mean? What is it for?



I’d like to remind you that I’m not recommending anything to anyone;...

Today, we could read the following message from peaq Network on X: https://x.com/peaqnetwork/status/1844318245286969622 announcing the arrival of a new member to the peaq family. So, I decided to dig a little deeper.

First, let me remind you that I do not make any recommendations of any kind. I...

Block 22,602,000: What Does It Mean for Polkadot?

In the referendum: https://polkadot.polkassembly.io/referenda/1161, the activation of CoreTime on the Polkadot network was approved. The king is dead! Long live the king! In this case, the dead king is the parachain slot auction system, and the...

On 4/9/2024, this news was published by peaq: https://x.com/peaqnetwork/status/1831325149594800159

The message announces the arrival of Bistroo to the peaq ecosystem. Bistroo is an application, currently 100% on Ethereum, designed to compete in the food delivery management sector.



This post...

🔥 Web3 supporter | Polkadot lover | peaq ambassador

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