In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line. Source
“PeerDAS is crucial to make sure L2s have more room for future throughput growth, so the sooner we ship it, the more certain we can be that we can support whatever throughput L2s might need over the next year,” Dietrichs told CoinDesk. “For now, we still have some room to go even before PeerDAS. So hopefully it won’t matter at all. Worst case, L2s will have slightly higher fees again for a few months while we wait for the second half of the Pectra fork.” Source link
With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies like Bitcoin and Ethereum have shown a drop of 10% since last week, pulling the market downward by 2%. However, several developments might help slow the token’s drive downward. These developments show Stacks as the prime layer-2 for the top cryptocurrency in the…
MEV SNIPING! It’s not clear exactly what started it all, but top Ethereum developers locked horns on the social-media platform X, in an intense and almost uncomfortable-to-observe debate touching on the practice of maximal extractable value, or MEV – essentially, the use of sophisticated trading bots to frontrun user transactions at the point of execution. On May 16, Ethereum core developer Péter Szilágyi tweeted about his despair over the lack of progress in pushing to solve some of the blockchain’s most vexing issues. “Voila, the banking system recreated,” he wrote.…
Robert Kiyosaki warns of an impending severe market crash and advises investing in assets like bitcoin, gold, and silver. Edward Snowden has issued a stern warning to Bitcoin developers, urging them to enhance privacy features at the protocol level. In Kenya, President William Ruto has enlisted Marathon Digital, a U.S.-based Bitcoin mining firm, to consult […] Original
March 28: Zircuit, a fully EVM-compatible ZK rollup with parallelized circuits and AI-enabled security, launched its Build to Earn program on Wednesday to incentivize builders, founders and community members who contribute to the Zircuit ecosystem. Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit currently has over $700 million staked. According to the team: “Developers and ecosystem contributors who participate in the program stand to receive rewards for approved contributions.” Source
ONI, the utility token of Anonify, has experienced a dramatic decline, dropping over 90% in the past few weeks, contrasting sharply with the cryptocurrency markets, which have seen a notable increase in prices recently, with Bitcoin reaching new highs. The token, which saw a surge in demand following its launch on Feb. 20, achieved an all-time high of $1.18 on Feb. 28, only to fall to $0.01974 by March 13. This sharp decline has sparked discussions regarding the possibility of the project being a potential rug pull. Source: ONI Price-CoinMarketCap…
COPA is committed to seeing this litigation through the end. COPA’s members, including Coinbase, understand that those of us with the resources to take on these fundamental fights must never hesitate. In these final days before trial, we are grateful for the court’s careful attention to our case, and its scrutiny of the evidence (or, in Wright’s case, “evidence”) the parties have put forth. Original
The upgrade was pushed at 6:32 UTC, blockchain data shows, but did not reach consensus and was not finalized on the testnet. Developers expect the apparent issues to be fixed in the coming days. These likely occurred due to low participation and validators not upgrading parts of their software that would have helped with finalization. Source
Ethereum Foundation Developers set tentative dates for a major upgrade to scale crypto’s biggest altcoin blockchain. During a biweekly call, developers disclosed that Jan. 17 is a possible date for testing the Dencun upgrade on Goerli’s testnet. Dencun was delayed past Q4 2023 due to technical difficulties building its code. The upgrade, known as EIP-4844, aims to increase blockchain space for data blobs and slash layer-2 rollup fees by activating proto-danksharding. This data storage expansion should scale Ethereum’s blockchain, enabling more transaction capacity without hiking gas fees. Barring any disruption…