Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, Tech & Protocols de Coindesk reporter.
In this number:
- Eclipse launches $ is Airdrop, distributing 15% of the tokens supply
- Risc Zero’s’ unlimited incentive testnet is put live
- Bitcoin devs float proposal to freeze quantum-even vulnerable directions
- Aethir and credible enter a First Depin credit card
Network news
Eclipse Token Generation Event: Eclipse, the layer 2 that combines technology from the Ethereum and Solana block chains, shared that he has gone to live with an A -Toredor of his Token $ is. The team behind the network shared that the initial distribution will occur during the next 30 days, and a total of one billion $ have been coined, with a structured distribution to go to community incentives and sustainability of the long -term protocol. Of the offer, 15% is assigned to a provision of Airdrop and Liquidity for the members and developers of the central community who have supported the network from the beginning. 35% will support the growth and development and development of the ecosystem, with the aim of helping to climb the network. Taxpayers will receive 19% of the offer, including team members, with a four -year award period and a three -year blocking schedule. The remaining 31% is for the first supporters and investors, who are subject to a three -year blocking schedule to commit to the long -term eclipse roadmap. – Margaux Nijkerk Read more.
RISC-ZERO “BOUNDLESS INSENTIVIZED TESTNET LOVE LIVE: Unlimited, zero decentralized knowledge (ZK) Compute Marketplace promoted by Risc Zero, has launched its encouraged testnet (What is calling “Mainnet Beta”) At the base, the Ethereum Layer-2 network of Coinbase. With an incentive network of inimination, developers can build and test applications in an environment as if the protocol was in completely alive format. The network has already achieved the early support of the heavyweights of the industry such as the Ethereum Foundation, Wormhole and Eigenlayer. A decentralized market for zero knowledge calculation connects those who need zero knowledge tests, such as developers who build rolls, bridges or applications for preservation of privacy, with a distributed network of independent “provert or miners” that generate and verify those tests. Instead of trusting the centralized parts, this model allows anyone with the appropriate hardware to contribute to computer food and be rewarded for doing that cryptographic work. – Margaux Nijkerk Read more.
New Bitcoin proposal to freeze Vulnerable Addresses from Quantam: A new Bitcoin Draft proposal wants to do what has been unthinkable for a long time: freezing coins secured by inherited cryptography, including those of Satoshi Nakamoto wallets, before quantum computers can break them. That is in accordance with a new proposal draft in Jameson LOPP co -authorship and other cryptographic security researchers, which introduces a gentle bifurcation into phases that converts quantum migration into a marked clock. It is not updated and their coins cannot be promoted again. That includes the approximately 1.1 million BTC linked to the first address addresses to deck, such as those of Satoshi and other first miners. “This proposal is radically different from anyone in Bitcoin’s history as well as the threat that quantum computing is radically different from any other threat in the history of Bitcoin,” the authors explained as a motivation for the proposal. “Never before Bitcoin has faced an existential threat to his cryptographic primitive.” – Shaurya Malwa Read more.
The first credit card with depin feed: Aethir, a decentralized network of GPU Cloud Network, has been associated with Creidible Finance, a loan protocol, to introduce what they call the first credit and loan card product driven by a decentralized physical infrastructure network (Depin). The movement is designed to give Aethir Native tokenses of ATT native operators to Stablecoin credit without liquidating their tokens, a step towards the combination of infrastructure in the chain with financial capital of the real world. The product, which debuted on Wednesday, allows eligible users to collaborate their ATH tokens to access a rotating credit line or preload a cardless card with ATH or Stablecoins in Solana. Loan approvals and limits are determined by the credit engine driven by CREKIBLE AI, which evaluates the activity, assets of assets and a user’s transaction history. – Margaux Nijkerk Read more.
In other news
- Ripple has expanded its institutional custody services to the Middle East, associating with the tokenization platform based in the EAU Ctrl Alt to support the realization digitalization initiative directed by the Government of Dubai. The agreement will cause CTRL ALT to use the Ripple custody infrastructure to store tokenized property titles issued by the Dubai Land Department (DLD) In XRP’s biggest book (XRPL). – Shaurya Malwa Read more.
- Sharplink Gaming (Sbet)The signature that quotes in Nasdaq with a cryptographic treasury strategy centered on Ether EthOn Tuesday, he said that he has become the largest corporate holder of the asset with 280,706 ETH worth approximately $ 840 million at current prices. The firm raised $ 413 million through the issuance of more than 24 million shares between July 7 and 11, according to a press release. Bought a total of 74,656 ETH during last week at an average price of $ 2,852 each. Approximately $ 257 million of this fundraising remained for future ETH acquisitions, the firm said. – Kristzian Sandor Read more.
Regulatory and political
- The House of Representatives of the House of Representatives did not vote on a procedural motion to advance in a trio of cryptography law, but can vote on Wednesday to advance the legislation. As he advanced in his week centered on Crypt on Tuesday, the process of the United States Representatives Chamber to approve digital asset bills suddenly stopped by a procedural vote while members of the House of Representatives of the House of Representatives opposed the way in which part of the legislation has been developed under the domain of the Senate. The legislation still has strong and bipartisan support, which suggests that the procedural accident can be overcome since another vote was scheduled for later on Tuesday afternoon. This vote was canceled less than 15 minutes before it began, so the matter cannot be collected again until early Wednesday, the same day that the law of clarity of digital asset markets was voted. – Jesse Hamilton, Stephen Alpher and Nikiles Read more.
- A jury of 12 people has been sitting for the criminal trial of the Tornado Cash developer Roman Storm, and the opening arguments will begin later this afternoon in the Thurgood Marshall court in Lower Manhattan. Seven women and five men with a wide range of background and ages will decide whether the United States Department of Justice can prove beyond a reasonable doubt that the storm participated in the conspiracy to commit money laundering, conspiracy to violate the sanctions of the United States and the conspiracy to operate money without license that transmits businesses. – Cheyenne Ligon and Nikilesh of Read more.
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