Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. We are Margaux Nijkerk and Sam Kessler, reporters of the Coindesk technological team.
In this number:
- Can Ethereum be truly private? Developers press for encryption mempool, predetermined privacy
- Nvidia moves the production of the Supercomputer from ours, opening new ways for cryptographic miners
- Optimum incubated in MIT collects $ 11 million seeds to build the missing web3 memory layer
- The new ‘Applejer’ of Noble allows developers to build Stablecoin tools in Celestia
This article appears in the last issue of the protocol, our weekly newsletter that explores the technology behind Crypto, one block at the same time. Register here to get it on your entrance tray every Wednesday.
Network news
Privacy is heated among Ethereum developers: When the US government sanctioned the cryptocurrency mixing service based in Ethereum Tornado Cash in 2022, it lit a debate within the cryptographic community that continues three years later. The defenders argued that complying with the sanctions amounted to censorship, undermining a fundamental cypherpunk principle. President Donald Trump supported the Cypherpunks and lifted Tornado cash sanctions in March this year, but for some Ethereum developers, the situation highlighted a failure within the network that still exists today: Why should users depend on third -party applications to make transactions in private network? Perhaps emboldened by the recent developments of cash tornadoes, Ethereum developers and researchers have begun to discuss once again ideas to make the Ethereum network private in their nucleus. “Privacy should not be an optional characteristic that users must consciously enable: it must be the predetermined state of the network,” said Pecoversaccio, whose publication described their vision for an Ethereum roadmap oriented to privacy. “Ethereum’s architecture must be designed to ensure that users are privately deprived, not by exception.” In response to the publication of Pcacversaccio, the co -founder of Ethereum, Vitalik Butein, left a comment in the network of main developers of the network with its own shortest Ethereum roadmap. Buterin suggested focusing on the privacy for payments in the chain, anonymizing the activity in the chain within the applications, communicating in the anonymous network and privatizing readings in the chain. To achieve all this, Bugerin listed several steps such as integrating certain privacy characteristics of third parties into the central network. – Margaux Nijkerk and Sam Kessler Read more.
The Nvidia AI Supercomputer production plans could benefit cryptographic miners: Nvidia plans to manufacture its next generation of AI and supercomputers for the first time in the US for the first time, the company said in a statement. The measure reflects a growing demand for AI infrastructure and a broader impulse to locate advanced technological manufacturing, one that could also benefit cryptographic miners that reuse their facilities for AI and high performance computing (HPC). Many of these operators already have access to large -scale power and the cooling systems necessary for the operations of the data centers, which makes them potential players in the growing economy of AI. Cryptographic miners, once centered singularly on Hashing’s power, are increasingly looking for ways to fit into the AI and HPC supply chain. Their existing access to dense infrastructure in energy and logistics experience in the execution of industrial scale operations gives them a support point as the demand for IA computing increases. However, the recent rates of the president of the United States, Donald Trump, are causing anxiety among miners, since changes in politics are expected to increase the costs of ASIC miners, electrical components, network hardware and more. Helene Braun Read more.
The optimum memory layer raises $ 11 million in seeds: Optimum, a layer of decentralized memory that improves performance for any block chain, raised a round of $ 11 million seeds, inviting its creators from institutions such as Harvard and Mit to jump from the world of the academy to the commercial crypto field. The seed round was directed by 1kx with the participation of Robot Ventures, Finish Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animou, GSR, Caladan, Refore and others. Optimum is to build what calls the missing blockchains memory layer, making the way the data is stored, accessed and propagated, faster, cheaper and truly decentralized, according to a press release. In the core of Optimum’s innovation is a decentralized coding method for distributed systems, known as random linear network coding (RLNC), developed by Muriel Médard, Professor of MIT. – Ian Allison Read more.
The new ‘Applejer’ of Noble allows developers to build stablecoin applications at the top of Celestia: Noble, a block chain to broadcast real world assets (RWA) and Stablecoins, announced Wednesday that it will expand its platform by introducing “leverage”, a curled up compatible with Ethereum that allows developers to create their own applications and RWA infrastructure. The Noble Apple is aimed at allowing developers to build new financial tools optimized for real world assets such as stablcoins, digital assets whose value is linked to another asset, such as the US dollar. The Appladeer will take advantage of Celestia, a data availability block chain that aims to reduce storage costs for data intensive blockchain networks. Celestia, as noble, is connected to the cosmos blockchain ecosystem and is compatible with the Ethereum virtual machine (EVM), which means that you can read intelligent contracts from other chains based on Ethereum. – Margaux Nijkerk Read more.
In other news
- The Mantra Token OM fell from more than $ 6 to less than $ 0.45 in a matter of hours on Tuesday without apparent catalyst. CEO John Mullin said in a post X on Wednesday that he would burn his team’s chips to recover the confidence of the Mantra community. Mullin said that the price drop was the result of the exchanges that closed the OM positions, but the members of the cryptographic community blame the mantra team. The founder of OKX, Start Xu referred to the incident as “a great scandal.” – Jamie Crawley Read more.
- With the aim of replicating the Bitcoin Play Book (BTC) of the strategy, except with Solana (Sol), the Fintech Janover Commercial Real Estate Platform (JNVR) has built a Sun battery worth approximately $ 21 million and has seen the price of its shares increase almost 20 times in less than a month. The company bought another 80,567 Tokens Sun valued at approximately $ 10.5 million at the beginning of this week, which carries its total holdings to 163,651. – Krisztian Sandor Read more.
- DWF Labs is investing $ 25 million in World Liberty Financial (WLFI), the decentralized finance protocol backed by the president of the United States, Donald Trump and his family. The Cryptocurrency Creator is also entering the US market with a new office in New York City as part of its broader expansion plans, according to a press release. – Francisco Rodrigues Read more.
Regulatory and political
- The Bag and Securities Commission (SEC) is not yet ready to make a decision on two critical characteristics that the emitters of the funds quoted in cryptocurrency exchange (ETF) Spot expect to add their products. The regulator delayed a decision on whether it will allow reimbursements in kind for the Bitcoin background of Wisdomtree (BTCW) and the Bitcoin Fund of Vaneck (Bitb) and Ethereum Fund (ETHW). He also moved his deadline for a decision regarding a proposal of Grayscale to allow the rethinking of his Ethereum trust (Ethe) and Mini Ethereum Trust (ETH), that the exchange of the asset manager, Nyse Arca had requested in February. – Helene Braun Read more.
- The exchange of cryptocurrencies based in Seychelles OKX is expanding to the United States and establishing a new regional headquarters in San José, California. The exchange will implement access to its platform and its native OKX wallet to cryptography merchants based in the United States. Cheyenne Ligón Read more.
- The Google search giant will only allow cryptocurrency exchanges and software wallets to be announced in the European Union if they have a license under the regulation of cryptographic cryptographic markets (Mica), as of April 23, the company announced. Google said advertisers must now obtain a certification from the company and demonstrate that they are registered as a supplier of cryptographic allocation services (CASP) under Mica. The company also requires that advertisers comply with any additional legal obligation of the country.Francisco Rodrigues Read more.
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