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:
- Vitalik Buterin’s new proposal looks for a 16.7 m gas limit in Ethereum to control transaction swelling
- Jack DORSEY PRESENTS BITCAT: FEEDINGS OUT LINE INGLACEED BY BITCOIN
- Volkswagen Amt takes advantage of HiveMapper bees maps with a sole -free headquarters for driver
- EIGEN LABS AXES 25% of the staff to focus on building eigencloud
Network news
New Vitalik Buterin Ethereum proposal: A new proposal by Ethereum, in Vitalik Bterin and Toni Wahrstaetter co -authorship, aims to impose a hard limit on maximum gas that can consume a transaction in a movement that developers say that it could strengthen the stability of the network and make the chain more viable for certain applications. The proposal, EIP-7983, suggests limiting individual transactions to 16,777,216 gas (2²⁴) – An acute change of current design, which technically allows a single transaction to consume the gas assignment of a complete block. As a design option, that introduces several performance and security challenges. When a single transaction consumes almost all available gas, interrupts the distribution of workloads throughout the network and tends to make the block execution less efficient. Therefore, the proposed limit is expected to simplify the engineering challenges and align with the change of Ethereum towards modularity, although it may require dividing great transactions. – Shaurya Malwa Read more.
Jack DORSEY PRESENTS BITCAT WHITEPAPER: Jack DORSEY, Buyer of Twitter (Now x) and Fintech company block (SQ)He published a technical document for Bitchat, a decentralized messaging protocol that allows completely encrypted communication without internet. Bitchat would work through Bluetooth low energy (Ble)Allowing nearby devices to form a mesh network that transmits Hop-By-Hop messages, according to the technical document. When a message is sent, it would travel through nearby devices that act as temporary nodes until it reaches its recipient, making it resistant in out -of -line or censored environments. While it does not make explicit references to Bitcoin, the cryptocurrency or the block chain, DORSEY describes Bitcat as a “decentralized application messenger application”, evoking connections to the introduction of Bitcoin Whitepaper in which it was described as an “electronic effective version of the same to peer.” – Jamie Crawley Read more.
Solana Hivemapper and Volkswagen come together: Volkswagen Adm, the subsidiary of autonomous vehicle tests of the car manufacturer, took advantage of HiveMapper bees maps to support their autonomous driving operations with real -time mapping data. The images at the street level collected by the collaborators of bees maps that use Hivemapper cameras will be used to help validate the Volkswagen autonomous driving technology in an effort to increase the accuracy of the sidewalk of the collection and autonomous falls, said a spokesperson for bee maps to Coinndesk. The agreement highlights the growing adoption of geospatial crowdsourcing data, since autonomous shared travel companies seek a more precise and updated mapping infrastructure. It also shows the growth of decentralized physical infrastructure networks (Depin)that use blockchain incentives for the collection of data from the real world of Crowdsource. Hivemapper is one of the best known depin projects in the Solana ecosystem. According to him Wall Street JournalThe Volkswagen Autonomous Driving Unit has been testing its ‘Robotaxi’ fleet in recent months. In April, the company also announced an association with Uber to launch the service in the US markets, with pilot operations scheduled by the end of 2025 and a broader deployment planned by 2026. Margaux Nijkerk Read more.
Eigenlabs says goodbye to the staff in a restructuring medium: Eigen Labs, the main developer firm behind the restructuring of the Eigenlayer protocol, reduced its workforce by 25%, losing 29 roles, such as the CEO Sreeram Kannan said it restructured the company to concentrate on developing Eigencloud, which called a “verifiable” alternative to existing opaque cloud services. The Seattle -based startup said that layoffs were not a cash crunch response. The news comes when the company has treated its fair part of setback, from not having certain key mechanisms in the launch of its main product, until the leading figures of the Ethereum Foundation receive large payments for advice roles. Eigenlayer was once one of Crypto’s most forceful projects, reaching a total value of $ 20 billion blocked in June 2024. It now has $ 12 billion. – Francisco Rodrigues Read more.
In other news
- Digital bit (BTBT) He is now the owner of more than 100,000 ether after exchanging his Bitcoin battery along with a capital increase of $ 172 million for the world’s second largest cryptography. From a possession of 24,434 ETH at the end of March, BIT Digital now has about 100,603 eth ($ 189.2 million) making it one of the largest headlines of corporate ETH, the company said. Bit Digital revealed his plans to concentrate only on ETH last month in a movement that was not completely unexpected given the most challenging environment that Bitcoin miners have experienced since the middle of last year. – Jamie Crawley Read more.
- Media and Technology Group of the President of the United States Donald Trump (Nasdaq: DJT) Archive to list a negotiated fund with Crypto Exchange (ETF) That would track a selection of digital assets, the latest in a series of such efforts linked to the Trump brand. The “ETF of the truth Crypto Blue Chip” proposal would contain a portfolio of five tokens: Bitcoin, Ether, Solana, XRP and Cronos, according to a presentation before the SEC. Eighty -five percent of the fund holdings would be divided between Bitcoin and Ether. Solana would constitute 8%, 5%and XRP 2%. – Helene Braun Read more.
Regulatory and political
- The Office of Foreign Assets Control of the United States Treasury Department (OFAC) The sanctions against the CASH Tornado Privacy Tool cannot be discussed in the next trial of the Roman Storm developer, a federal judge ruled. At a status conference in Manhattan on Tuesday, the district judge Katherine Polk Failla initially stirred whether he would allow expert witnesses to testify on the sanctions, which were first imposed in August in August 2022, they eliminated this march and subsequently found illegal by a Texas court. After listening to the arguments of prosecution and defense, Failla decided to grant Storm motion In limina Going to prohibit the testimony about the sanctions completely, arguing that it would simply be too confused for a jury to do what she described as the “mental gymnastics” of understanding why the sanctions were imposed and finally eliminated. – Cheyenne Ligón Read more.
- The United States Department of Justice (DOJ) They charged two individuals for their role in Omegapro, a crypto and investment scheme that defrauded investors of more than $ 650 million. Michael Shannon Sims, founder and promoter of Omegapro, and Juan Carlos Reynoso, who directed Omegapro’s operations in Latin America and some parts of the United States, were charged about the conspiracy to commit electronic fraud and money laundering, according to the published documents. Omegapro was an international investment scheme that collapsed in 2022. In 2024, Andreas Szakacs, co -founder of the scheme, was arrested in Türkiye for his participation with Omegapro. – Mishrahshit Read more.
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