Monthly Update — June 2023

Monthly Update — June 2023

Mainnet May was a successful month packed with several milestone achievements ushering in a new era for the GLITCH blockchain.

Following the completion of the Merge, the release of the new GLITCH Technical White Paper and Lite Paper, and the successful launch of native smart contracts, developers are now fully equipped with the tools needed to build and deploy money market dApps on the native chain. The future of GLITCH has arrived!

Amongst the Mainnet May deliverables, the team has had an informative month holding several spaces and AMAs, engaging in Glitch-focused developer workshops in India, nurturing the growth of the Build on Glitch and Glitch Grant campaigns, and much more.

As we pause to reflect on our remarkable progress thus far, it’s essential to recognize that this is just the beginning. The future of GLITCH holds immense potential, and we are excited to continue on this journey together, shaping the landscape of decentralized finance.

Let’s get into it!

A Look Back At May

Mainnet May in Review

Three years in the making, GLITCH has entered a new era enabling utility to flow into the network.

The Merge — Blockchain Upgrade, Browser-extension Wallet, and Explorer

We completed the Merge, a blockchain upgrade aligning GLITCH’s codebase with the latest Substrate featureset. The Merge ensured a plethora of benefits to our ecosystem, including enhanced scalability, improved security, and the longevity of the ecosystem.

Technical White Paper 2.0 and Lite Paper

We were proud to release the new GLITCH Technical White Paper and Lite Paper. These comprehensive resources delve deep into the GLITCH blockchain’s technical specifications, plans, and core fundamentals. We encourage every community member to dive into these papers to thoroughly understand our ecosystem and the path we are carving toward its success.

Native Smart Contracts and Documentation

One of the most critical achievements of Mainnet May was the deployment of the Contracts Pallet, alongside detailed documentation to guide developers in leveraging the power of native smart contracts effectively. With Native Smart Contracts now available on the mainnet, a world of possibilities emerges, enabling DeFi money market applications to be created and deployed on the GLITCH blockchain.

Mainnet Bridge

We’re moving in the right direction for the launch of the mainnet bridge, which we believe will be ready for deployment by the end of this upcoming week. During last week’s rollout process, we encountered a couple of minor issues that required immediate attention. Our top priority is the security of everyone’s assets, so we have decided to address these issues before deploying the bridge in a live environment. We appreciate your understanding and patience as we work diligently to bring the bridge online as soon as possible, ensuring a seamless and secure experience for the community.

You can view the latest development progress in the roadmap breakdown. Be sure to follow our announcement channel for updates.

Glitch x Lumos Labs Workshops

We’re on a mission to bring GLITCH to builders everywhere, and our engagements with Lumos Labs have been a significant success so far. We were proud to co-host several developer workshop events across India alongside Lumos in Chennai and Bangalore. Developers at the events learned about the network and then got hands-on with creating an EVM smart contract.

Click here and here to listen to the recording of the introduction to 100+ developers, and click here and here to view the images of the events.

These events form part of the first phase of our collaboration with Lumos to boost developer adoption of the GLITCH blockchain. Moving forward, we will focus on the upcoming BuidlForWeb3 Hackathon this summer and drive more developers to build on GLITCH!

Catch our segment introducing GLITCH to the 100+ developers participating in the events at Chennai and VIT Vellore on Twitter.

Additionally, we’ve made getting involved with the GLITCH network more accessible than ever through our dedicated Developer and Validator portals. Whether you’re a seasoned developer or just starting your coding journey, the Developer Portal is a valuable compass, equipping you with the knowledge and resources to turn your money market dApp idea into reality. For those interested in contributing to the security and decentralization of the GLITCH network, our Validator Portal offers guidance on setting up and running a validator node. By becoming a validator, you actively participate in the consensus mechanism, helping to safeguard the network and earn rewards.

Curious about how validators contribute to the GLITCH network’s security and decentralization? Our latest explainer video is a must-watch.

https://medium.com/media/f72b91c9bfd2d780807739a50f8a6d35/href

Hacken Selected as GLITCH Network Audit Partner

We were excited to reveal that Hacken, a renowned cybersecurity blockchain auditing company, has been selected to audit and secure the GLITCH blockchain. With Hacken’s expertise, we will ensure the elimination of potential vulnerabilities in the network.

In addition, as a part of this partnership, Hacken will host a bug bounty program on their platform, Hackenproof, providing an additional layer of security. We’re also excited to collaborate with Hacken to offer a free bug bounty program in the future for any dApp developed on the GLITCH network, further fortifying the ecosystem.

Glitch is committed to working hand in hand with Hacken as our preferred auditing partner as we prioritize the security and integrity of the platform. We look forward to the numerous opportunities this collaboration brings as we continue to build a resilient and trusted blockchain ecosystem together. Stay tuned for more updates on this exciting partnership!

Unlocking Cross-Chain Liquidity with Routers’ Voyager

Together with Router Protocol, we’ve embarked on a multi-path journey to bring seamless cross-chain liquidity transfers and token swaps to both platforms.

By integrating Router’s Voyager dApp on the Glitch Bridge, users can trade cross-chain assets across multiple networks for GLCH in just a few clicks. But that’s not all; our partnership goes beyond the Glitch Bridge as we work towards the future integration of the native Glitch network and GRC-20 token into the Voyager platform and Router ecosystem, enhancing the interoperability and expanding the reach of both networks.

Ready to try it out for yourself? Find our guide on how to use Voyager on the Glitch Bridge here.

Marketing and Community Updates

Alongside our key deliverables and network upgrade efforts, it’s been an eventful month for marketing and community updates as we continue to make strides in expanding our presence and spreading the word on GLITCH.

AMAs & Twitter Spaces

We started the month with an engaging AMA with our Glitch Indonesia community. You can catch the recap in Bahasa and English if you missed it.

We were thrilled to join BSC News for a highly successful Twitter Space session, attracting an impressive audience of 7.7K viewers. It was an excellent opportunity for us to share updates, connect with new listeners and answer questions from the community. You can catch up with the recording here.

We hosted another engaging Twitter Space with our partners at O3 Labs, where we delved into the upcoming plans of our partnership to integrate native GLCH and future GRC-20 assets into the O3 Swap platform. We look forward to our future collaborations together! If you missed it, catch the recording of the session on Twitter.

BSC Daily hosted us for an AMA on Binance Live, and we were honored to participate in the live session and introduce Glitch to a wider audience. Check out the playback of that session on Binance Live.

Extra! Extra!

We’re making headlines again! Glitch’s rise as a prominent layer-1 blockchain garnered attention in a feature article on CoinGape and Bitcoinist. The article highlights the significant potential and bright future of the Glitch network and includes a first look at the future Glitch NFT Marketplace currently under development.

Alongside the release of native smart contracts on the mainnet, we were proud to see Glitch displayed on a billboard in the iconic Times Square. Showcasing our commitment to raising awareness about the GLITCH ecosystem and reaching a global audience. View the awesome video of the GLITCH billboard display on Twitter, and join us in celebrating by retweeting and spreading the word!

#Mainnet Hashtag Contest Winners Announced

To celebrate the arrival of native smart contracts on mainnet, we held a #MainnetMay hashtag contest on Twitter, and we were blown away by the level of enthusiasm and anticipation expressed by everyone who took part!

The content shared not only showcased your passion for Glitch but also played a crucial role in amplifying our platform’s reach. You helped raise awareness and generate excitement through your creative and engaging posts. Your contributions have been invaluable in creating a buzz around Glitch, fueling its growth, and attracting new members to our ever-expanding community.

Shout out to all those who participated, and congratulations to all the winners! Check out our Twitter announcement to discover the talented winners.

As we look back on the incredible progress we’ve made in the past month, we want to express our appreciation for our community’s support and active engagement. Your passion and commitment have been pivotal in advancing Glitch and shaping our success.

Looking Ahead to June

As we set our sights on June, we are thrilled to prepare for the following exciting mainnet milestones and the flourishing ecosystem built on the GLITCH blockchain. In the coming months, we have several developments on the horizon that will further shape the future of GLITCH.

In June, we’re determined to get the mainnet bridge deployed. We have an AMA planned with Hacken. We’re prepared to introduce several development teams building on GLITCH. The Glitch Decentralized Exchange (GEX) is in active development, and more information will be rolled out to the community this month regarding what it’s all about. And we’re working with Lumos Labs to prepare for the upcoming BuidlForWeb3 Hackathon this summer. These are just some items we’re working towards now, with more in the pipeline.

With Mainnet May in the books, there’s still much to look forward to. We’re on a mission to drive adoption to the GLITCH chain, and with your support, we’re confident that Glitch has a great future ahead of it.

Let’s get to work!

Until next month,

— Team Glitch

About Glitch

GLITCH is a blockchain-agnostic super protocol explicitly designed for trustless money markets and decentralized financial applications (dApps). GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously empowering all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing mechanism. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch’s ultimate goal: to become a cornerstone of blockchain infrastructure.

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Monthly Update — June 2023 was originally published in Glitch Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.