ATOM Surges as Namada Enhances Blockchain Privacy Across Interchain Ecosystem, Celestia Integrates with Polygon CDK

Daily Top Performer — Cosmos (ATOM)

SPX index is up 0.46%, US stock futures rose on Wednesday, anticipating the Federal Reserve's last policy decision of the year. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.08% and 1.91% in the past 24 hours. 

Today’s outperformer is ATOM, which jumped 15.7% after Namada, a Cosmos app chain announces its launch to revolutionize interchain privacy. 

Cosmos (ATOM), launched in March 2019, dubbed the "Internet of blockchains," focuses on enabling interoperability and customizability among different crypto networks. Namada, a network on the Cosmos interchain ecosystem, is set to revolutionize blockchain privacy by addressing privacy fragmentation in the interchain ecosystem. It uses the Inter-Blockchain Communication protocol (IBC) to enable unified, interoperable privacy solutions. The project, recognizing contributions from the wider interchain community, including Zcash, Rust, and Cosmos, plans rewards for these contributors. The Anoma Foundation invites over 200,000 public goods builders to join the Namada community through the RPGF Drop initiative.

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Talk of the Town:

In early 2024, Celestia will integrate with Polygon's chain development kit (CDK) to offer data availability services. This integration aims to simplify the use of Celestia for data storage in Polygon-based networks and potentially reduce transaction fees by more than 100 times compared to using Ethereum. The move is seen as a significant advancement for blockchain technology, likened to the impact of high-speed fiber in Web2. Polygon's CDK is used by various developers to create new networks within the Polygon ecosystem. The integration will affect how Polygon networks, including rollups and validiums, store transaction data, with Celestia and Avail being options for validiums to store their transaction data.

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