Monthly Insider by Concordium
Welcome to the August 2024 edition of our newsletter, where we bring you the latest updates from the world of Concordium!
The most significant update ever! Introducing Protocol 7
Concordium is rolling out protocol version 7, a significant upgrade aimed at efficiency, flexibility, and overall network performance shaped by feedback from the community and stakeholders.
Protocol 7 will make complex smart contracts cheaper to execute, make unstaking more flexible, increase the security of the chain, disable shielded transactions, as well as pave the way for light nodes.
This update positions Concordium as one of the most innovative and robust blockchain platforms, setting new standards in security, flexibility, and performance for decentralized networks.
The protocol update is scheduled to take place on mainnet on October 30th. 2024
All node runners should update their nodes before October 30th.
The new node software, version 7.0.5, is available HERE.
Major update: iOS CryptoX Wallet
We’re excited to announce the new iOS CryptoX Wallet release will happen in just 2 weeks! This update is designed to improve onboarding, content discovery, and transactions for all users!
⚠️ Important: Action Required
As part of the update, all users will be logged out of their wallets. It’s SUPER IMPORTANT that you backup your seed phrase before the release to ensure you can easily regain access. Your security is our top priority, so please take a moment to safeguard your account now
Follow this guide on how to back up your seed phrase.
Announcement of the Concordium ID Connect Hackathon winners!
After an incredible round of submissions, we’re thrilled to reveal the top 3 projects from the Concordium ID Connect Hackathon!
🥇 1st Place – 1250 EUROe: Hublab
Hublab is an innovative platform that creates incentive campaigns and quests for projects. Using Concordium’s ID verification system, Hublab ensures only valid participants can join campaigns and rewards them with NFTs.
🥈 2nd Place – 750 EUROe: Supply Chain Tracker
This dApp, built on the Concordium blockchain, provides a transparent and secure way to manage supply chain products and orders. It uses Concordium’s verifier backend to verify identities and ensure customers only purchase items available in their location.
🥉 3rd Place – 500 EUROe: ChainRamp
ChainRamp helps project creators manage whitelists, offering token-gated and priority access to products. Leveraging Concordium’s ID verification, it ensures users meet location and age requirements to join projects.
A huge thank you to everyone who participated, and congratulations to the standout projects!
Concordium expands with new London office
We are thrilled to announce the opening of our brand-new office in London, marking a significant milestone for Concordium. This is our first office in the UK, and it highlights our commitment to growing our presence in one of the world’s most dynamic tech hubs.
The London office will serve as a strategic base for our expansion into new markets, enabling us to foster new partnerships, engage with the thriving blockchain community, and drive further innovation in the blockchain and Web3 space.
Concordium Ambassador Program: Season 3 launching soon!
Exciting times ahead for the Concordium Ambassador Program! We’re making incredible strides, and as we gear up for Season 3 in November, we’re setting our sights even higher.
Get ready for a renewed focus on supercharging our social media presence and ramping up community engagement. Let’s keep the momentum going - big things are coming!
Apply here if you’re interested in becoming a Concordium ambassador!
Upcoming events
October 4th 1pm CEST
AMA session on X Spaces with Dr. Salman Valibeik, CEO and Co-Founder of ORPIVA.
Orpiva is revolutionizing the influencer marketing landscape by using AI-powered tools to empower content creators and brands to craft immersive and authentic product experiences.
Don’t miss out on learning about Orpiva’s perfect matchmaking algorithms, how they tap into KOLs, and their innovative AI-driven content creation tools.
October 8th 1pm CEST
AMA session on X-Spaces with Brahim Ben Helal, CEO and Co-Founder of VeritaTrust.
In this AMA, Brahim will share insights into how VeritaTrust is addressing the growing problem of fake reviews, ensuring consumers receive accurate information while businesses benefit from fair and transparent feedback systems. Learn how Concordium’s unique ID-layer adds another layer of trust, allowing for seamless integration of blockchain technology in enhancing credibility in digital marketplaces.
Highlights from Token2049 and Nordic Fintech Week
This past month, the Concordium team had the pleasure of attending two major industry events: Token2049 Singapore and Nordic Fintech Week.
At TOKEN2049, we connected with leaders in the blockchain and crypto space, showcasing Concordium’s innovative technology to a blockchain audience who showed more interest in our solutions than ever before. Meanwhile, at Nordic FinTech Week, our team engaged with the European financial and tech communities, discussing how blockchain can drive secure, transparent, and compliant digital solutions.
If you missed it, check out Concordium’s keynotes:
Concordium’s founder, Lars Seier Christensen's keynote on "The Future of Trust: Tackling AI Fraud with ID Verification"
Erasmus, Director of Product, and Jonas, Cybersecurity Expert keynote on "Next-gen Identity: Verifiable Credentials & AI Agents".
Visit in the Concordium booth by Ahan & Pixpel
Meet Concordium at DevCon Bangkok!
We’re excited to announce that Concordium will be attending DevCon Bangkok from 13-17 of November. Our team members from Developer Relations, Engineering, and Product will be there to showcase our latest innovations and connect with the global developer community. This is a fantastic opportunity to learn more about our Layer-1 blockchain, discover new use cases, and get hands-on with our cutting-edge technology.
Be sure to reach out if you’re there and meet the team!