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t3rn at Polkadot Decoded 2023: Presenting Trustless Oracle Solution for the Polkadot Ecosystem

Discover how t3rn solves the Trustless Oracle Problem for Polkadot ecosystem at Polkadot Decoded 2023!

Author

Maciej Baj
June 20, 2023

Dear t3rn community,

Welcome to the third edition of Multichain Matters, our monthly newsletter where we share updates on our latest advancements and offer insights into the behind-the-scenes of the t3rn protocol.

Summary 📑

  • 📆 Polkadot Decoded 2023 is coming and t3rn will be there

  • 🛠️ Portal Precompile: Now Available on Rococo's Testnet

  • ⚡ The power of an Ethereum light client on Polkadot parachains

  • 🌐 Eth’s Altair Light Client Protocol: our vision

  • 🏆 A Comparative Analysis of Top Multichain Projects

Read time: 3 minutes

Team t3rn Attending Polkadot Decoded 2023, Presenting Trustless Oracle Solution for the Polkadot Ecosystem

Jacob (CSO), Thomas (Head of Marketing), and I are thrilled to be attending Polkadot Decoded 2023 in Copenhagen from June 28-29. We'll be presenting our talk, "Solving the Trustless Oracle Problem for the Polkadot Ecosystem with t3rn". In it, we'll discuss the current shortcomings of oracles and how t3rn employs Eth2 light client data to introduce trustless oracles in the Polkadot ecosystem. This approach guarantees on-chain data consistency and extracts price feed information from prominent DEXs, addressing traditional oracles' limitations.

Portal Precompile: Unified API Interface for Light Clients on t3rn's Infrastructure Now Available on Rococo's Testnet

We've been working on a unified API interface, known as "Portal Precompile", for integrating with all Light Clients connected to t3rn's infrastructure. The finalized version of the Light Client trait is now implemented and available on t0rn's testnet Parachain on Rococo. Any Parachain or user can interact with it via the Portal Pallet and its API, detailed in t3rn's main repository.

In addition to our engineering efforts, we've been making strides on the marketing front to help spread the word about t3rn and our mission. Here are some highlights from our latest marketing and communication endeavors:

The power of an Ethereum light client on Polkadot parachains

Missed our blog post on the benefits of implementing an Ethereum light client enabled parachain in the Polkadot ecosystem? This could potentially be a game-changer, opening up exciting avenues for developers while revolutionizing the Polkadot ecosystem.

I'm eager to hear your thoughts on this topic, so please check out the blog post and share your insights.

Exploring Eth’s Altair Light Client Protocol: t3rn’s vision

There's been a lively discussion recently about Ethereum's Altair Light Client protocol (ALC). As a team member of t3rn, building an Ethereum light client, we felt compelled to contribute to this conversation and share our viewpoints.

The crux of the debate is calculating collision probability with two main approaches in the spotlight: the dynamic and binomial distribution approaches. We at t3rn find ourselves siding with the binomial distribution method, albeit with some nuances.

To learn more about our perspective, I invite you to read our blog post.

Bridging the Divide: A Comparative Analysis of Top Multichain Projects in the Crypto Space

The blockchain ecosystem is booming, demanding robust multichain and interoperability solutions. These ensure smooth integration and seamless communication across diverse networks.

In our latest blog post, we delve into a comprehensive comparison of some of the leading multichain projects in the crypto space, including Cosmos, Polkadot, Avalanche, Chainlink, LayerZero Labs, Axelar Network, and our very own t3rn.

The article dives into their strengths, weaknesses, and unique approaches to overcoming interoperability challenges. Gain valuable insights into how these projects are revolutionizing the blockchain landscape.

This marks the third edition since we relaunched the Multichain Matters newsletter, and upon reviewing the data, I am delighted to announce that we have experienced a 7x increase in growth rate compared to previous months. Furthermore, the open rate has improved from 11.7% to 17.7%. And, finally, the click-through rate has witnessed a remarkable threefold increase, surging from 0.8% to 2.5%. 

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I'm committed to taking you along on our journey of building a multichain protocol. Let me know on Twitter @Maciej_Baj what you think of this 3rd edition or any suggestions for next month. Follow me to stay in the loop and join the conversation!

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Stay tuned for more updates and insights in the upcoming "Multichain Matters" newsletter issues!

Maciej Baj

Founder and CTO of t3rn