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:
- Can Rollups based on Ethereum’s problem?
- Lido becomes modular
- UNISWAP finally presents Unichain
- Ethereum’s pein update is approaching
Network news
Rollups based on the rescue: In recent years, Ethereum has adopted a layer of layer 2 scale, a plan that encouraged the development of third -party auxiliary networks called “layer 2 rolllups”, to help climb the Ethereum Base Ecosystem. The download activity to these more general networks has helped reduce rates and improve speeds for end users, but has led to a massive and deeply fragmented ecosystem of layer 2s. But while layer 2 is reduced all data after Ethereum, they often fight to communicate directly with each other, which means that passing assets and data between them can become expensive and cumbersome. There is also the risk of centralized sequencers: dependence on the black boxes controlled by the company to pass the transaction data between the blockchain layers. As a result, some Ethereum developers are pressing the roll technology that adopts a new approach to safety and interoperability: “Based on the Rollups.” Instead of handling them in a separate layer 2 network. The sequencer combines multiple transactions and sends them to Ethereum for settlement. His massive community of validators, instead of a single centralized sequencer. Rollups such as optimism, referee, base, Zksync and the explosion have grown rapidly to admit larger transaction volumes than Ethereum. According to L2beat, there are currently 140 live layer networks, but the experience of operating between them, overcoming assets and other data between the networks, has become clumsy. As Ethereum becomes larger and layer 2 networks become more comprehensive for their operation, improve communication between CAPA-2, in other words, improve “composability”, it has become more important than ever. – Margaux Nijkerk Read more.
Lido becomes modular: The developers behind Lido, the largest service in Ethereum, have proposed to renew the “vault” modular rethink platform. The new frame would introduce Stvaults, a customizable component designed to help lido to accommodate more complex institutions and strategies. Currently, Lido allows investors to gather their ether (eth) and “rethink” their cryptography, blocking their tokens with the network, helping to ensure it in exchange for interest. Lido was a pioneer in liquid bets: users get a receipt in their deposits called Lido Staked Eth (Steth) that can trade at any time. With the liquid rethinking in Lido, entering and leaving the rethinking positions it became as simple as buying and selling tokens Steth. Lido V3 Stvaults are “modular intelligent contracts designed to meet the diverse and evolving needs of Ethereum participants,” according to a press release shared with Coindesk. The update would enable rethinking configurations beyond the cut and dry liquid bet. Specifically, Stvaults can help institutional stakers who want to customize their rethinking configurations, nodes operators who want to attract high volume stakers and asset administrators who wish to create new cases of rethinking use. “What is important to understand with customizable infrastructure is that in general you can build even more complex products,” said Konstantin Lomastuk, the founder of the Staking Lido protocol. – Margaux Nijkerk Read more.
Unichain finally: Uniswap Labs, the main developer behind one of the largest decentralized exchanges (Dex), Uniswap, shared on February 13 that its long -awaited layer 2, Unichain, is now live. Promoted by Optimism’s Op Stack, Unichain, like other layers 2 in Ethereum, it offers faster and faster transactions compared to Ethereum’s principal. Developers can implement applications on the network, which has been specifically optimized for decentralized finances (defi) and aims Capa 2 is double: it will provide a better experience for UNISWAP users and similar platforms, and create a new revenue opportunity in the form of network rates. A UNISWAP Labs representative told Coindesk that “about 20%” of the chain revenues will go directly to the company. Unichain has been in evidence since October 2024 and is classified by Uniswap Labs as a curled up “stage 1”, which means it has elements of decentralization, but retains some safeguards controlled centrally in this early phase. The network is based on the OP Pila, a modular frame that allows developers to build interoperable layers of layer 2 based on optimistic optimistic technology of optimism. Several known teams have come out with their own OP Stack, including the ‘base’ of Coinbase, ‘Ink Kraken’, ‘World Chain’ and ‘Soneium’ of Sony. “We are anticipating a world of many, many different cases, of which trade is a small subset,” Adams to Coindesk told an interview. In collaboration with Flashbots of the Ethereum Research and Development Firm, the UNISWAP team said it has created a confidence execution environment (TEE) in Unichain, a safe area for more sensitive transactions and is destined to optimize the deficue chain for defi By allowing more advanced operations and operations and faster transactions. – Margaux Nijkerk Read more.
Pectra in April: Ethereum developers have officially established test dates for pein, the first network update in 11 months, putting it on the way for a possible release date of April. Pectra will contain a variety of improvements, with a special approach to wallets and validators, but occurs in a period of high scrutiny for Ethereum, which has recently faced the pressure of its community to renform and reach competitors. Ethereum’s central builders decided Thursday during their biweekly “all the main developers” to start trying on February 26 at the Holesky Testnet, with a follow -up test in the sepolia testnet of the network scheduled for March 5 . If these tests happen, the developers will meet on March 6 to determine when to launch the update officially. According to Tim Beiko, the protocol support leader at the Ethereum Foundation, developers expect the update to reach Mainnet in early April. Pin, a portmanteau that represents two separate updates, Prague and Electra, includes eight main improvements for the second largest block chain. Among the most anticipated is EIP-7702, which is supposed to improve the user experience of cryptographic wallets. The Ethereum community has faced an identity crisis in recent weeks. His native token, Ethher (ETH), has a lower performance against other cryptocurrencies, and the networks of competitors like Solana have caught the attention and talent of the Ethereum ecosystem, the first programmable block chain and even the most trafficked. In the midst of the controversy, largely directed to the Etheruem Foundation, which coordinates the updates of the chain and is currently experiencing important leadership, developers expect you to help you help the network on a more stable base. – Margaux Nijkerk Read more.
Money Center
El Salvador shipping
Berlin, a city of 20,000 people, is home to the second circular economy of Bitcoin de El Salvador. “Bitcoin City already exists. His name is Berlin, ”said a resident. Tom Carreras reports.
Linksdao is thrown into the base
Linksdao began selling NFT, but the market has advanced in time since then.
Regulatory and political
Hester Peirce, head of the new cryptographic working group of the SEC, says that memecoras probably leave the jurisdiction of the regulator.
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