INJ's 420 new proposal vote is about to pass, and the Altaris mainnet upgrade plan will be carried out this week!
The mainnet upgrade proposal focuses on enhancing #Injective's scalability, next-generation smart contracts, RWA, etc., making the entire ecosystem richer and more powerful.
🟧The key points are as follows:
1⃣The proposal support rate reaches 99%
Proposal 420 (IIP-420) initiated by Injective currently has more than 99% of participants voting in favor of "YES", and the proposal is basically certain to be passed, and the upgrade will begin on August 1, 2024.
2⃣Altaris chain upgrade
The proposal introduces multiple new functions, features, and improvements to Injective, which will result in significant performance improvements and a complete and powerful infrastructure L1 stack that can fully support groundbreaking dApps.
3⃣ Scalability and performance are further enhanced
Altaris optimizes block validation and increases transaction throughput, making data processing and resource management more efficient.
4. Wasm 2.0 Integration
Altaris' expanded smart contract functionality, by introducing a highly upgraded smart contract environment, can support developers in creating complex dApps, making it more friendly to innovative development.
5⃣ Bringing RWA Oracle
Injective integrates RWA Oracle, introduces the popular RWA into the ecosystem, and can provide tokenized asset support. Whether it is developers or individual users, they can launch new tokenized forms of traditional financial assets on the INJ blockchain, which is a highlight.
6⃣General Burn Auction
This feature allows developers to create and launch pool auction contracts, and community members can invest funds to participate in the $INJ Burn auction. This feature will promote the market activity of INJ tokens.
7⃣ Developer Toolkit Upgrade
Updates to the Python, Go, and TypeScript SDKs support the Altaris chain version, enhancing developer capabilities. In addition, the Injective-proto repository has been updated with new proto definitions for seamless integration.
8. Security and User Experience
Injective Bridge has been optimized and upgraded with better performance and experience, and users can use#Ledgerhardware wallets through CLI, with more wallet options and improved security!
9. Improved interoperability
Altaris has integrated IBC hooks and Packet Forward Middleware (PFM), further enhancing cross-chain capabilities, making the Injective ecosystem richer and more interoperable!
In short, the upgrade of Injective Altaris has made INJ gradually become the center of the entire crypto finance. The all-round improvement is very friendly to developers and users, making the entire ecosystem more prosperous. We continue to be optimistic about it in the long run! Looking forward to more surprises from INJ, you can pay attention to it.
@InjectiveLabsCN
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