Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Ben Schiller, the Editor of the opinion and the characteristics of Coindesk.
In this number:
- Movement Labs displays Dev Mainnet
- Hard Cardano Functions for Decentralized Governance
- SSV DAO presents SSC 2.0
- Musk pushes blockchain in the government
Network news
Movement Labs displaces Devnet: Blockchain Firm Movement Labs has implemented a Mainnet developer to advance its goal of taking Ethereum from Facebook (Meta) to Ethereum. The launch of the Mainnet developer will begin the implementation of the main infrastructure of the movement and will allow the selected partners to start implementing decentralized finance protocols (DEFI), according to an announcement sent by email on Tuesday. The launch follows the initial launch of the Mainnet movement in December and precedes the Planned Beta version of Mainnet next month. Move was developed as part of the Dig Diem Diem Diem Diem Diem Diem, which was filed at the beginning of 2022. Technology was also used to create SUI and Appos Layer-1 networks. Movement Labs, with the help of a financing round of $ 38 million directed by Policain Capital, is extending the programming language to a layer 2 of Ethereum for the first time. Coinciding with the public implementation of Mainnet, the movement will also present a multiple asset liquidity program to provide the bases for decentralized finance applications (DEFI). Read more.
Hard Cardano Functions for Decentralization: Cardan -proof of state test had to change to decentralized governance on January 29 after the hard bifurcation of the plomination in force, the Cardano Foundation, a non -profit organization that supports the project, said in X. “Bifurcation Lead enters into force, marking, marking, marking, marking, marking, marking, marking, marking, marking, marking, in the transition to complete decentralized governance.[It’s] A milestone in Blockchain governance. “Cardano’s adaken changed from hands to 93 cents at the time of public Blockchain.
SSV Dao 2.0: The SSV DAO, the decentralized autonomous organization behind the SSV network of decentralized bet, presented a new frame, called “SSV 2.0”, which allows applications to use “based” technology “taking advantage of Ethereum’s validators. SSV 2.0 will be the most ambitious project for the SSV Network, according to a press release shared with COINDESK, and bring applications based (BAPPS) to Ethereum. “Based” applications, especially “cuddled based”, are a new type of technology that attracts the attention of Ethereum developers, since it allows better interoperability while improving the safety of networks in addition to Ethereum. Currying based specifically can be seen as a solution to the many layer 2 networks in Ethereum today, which has caused a lot of fragmentation throughout the space. By taking advantage of the “based” technology, those protocols or applications can “base” their safety and execution operations of Ethereum’s Layer-1 validator. Currently, layer 2 networks use “sequencers” to order transactions and publish them back to Ethereum. The sequencers are criticized for being individual failure points. Through the use of validators of layer 1 to do the execution and safety work, the networks can avoid the falls of the use of centralized sequencers. Ethereum developers agree that curly -based curly ones allow better network interoperability. The members of the Ethereum ecosystem have met in recent weeks to find ways to solve this problem, and the cuddles based are seen as a great advance for that. Now the SSV network will also address these problems by carrying applications with technology based on Ethereum. Read more.
The musk pushes blockchain: In its role of leading the new Government Efficiency Department (Doge), Elon Musk suggested that using a greater digital book would be a profitable way to track federal spending, ensure data, make payments and administer buildings, according to people familiar with the matter . Several public blockchains representatives have met with Dogle affiliates, people said. The department was created in response to federal government spending of $ 6.7 billion in fiscal year 2024, which Musk in October called “wasted money.” He promised that the department, whose acronym is a wink to the favorite cryptocurrency of Musk, Dogecoin (Dugo), would reduce the figure to a maximum of $ 2 billion. Given the name of the department and determination of Trump to establish friendly policies with cryptography in the United States, Musk’s plan to incorporate Blockchain technology is not a surprise. In addition to creating Doge on January 20, Trump signed an executive order to create a working group on digital assets led by risk capitalist David Sacks with a mandate to identify all the regulations that currently touch cryptography within 30 days, between Other things. Read more.
Money Center
XRP strategic reserve
- Bralinghouse de Ripple has lit a debate on an alleged National encryption reserve, saying: “I think it should be representative of the industry, not just a token (either BTC, XRP or anything else).” Bitcoiners expect it to be a bitcoin -the reserve alone.
Depseek reaches the chips
Regulatory and political
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