Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, the reporter of the Ethereum protocol in the Coindesk technological team.
In this number:
- VITALIK BUTERIN proposes to replace the Ethereum EVM with RISC-V
- Matter Labs, Zksync developer, sued for alleged intellectual property theft
- Scroll’s Euclid update pushes it to the era of decentralization ‘Stage 1’
- Eigenlayer adds the key characteristic of ‘cut’, completing the original vision
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
Exchanging the EVM by Risc-V?: The Ethereum co -founder, Vitalik Butein, shared a new proposal that would radically review the system that feeds its intelligent contracts. Bterin’s suggestion, which published in the Ethereum primary developer forum, implies replacing the Ethereum virtual machine, the software engine that drives programs on the network, with RISC-V, a popular open source frame that offers built-in built and other benefits. The EVM has long played an essential role in the development of Ethereum. Other chains that use it can connect to perfection with applications in Ethereum, and developers in EVM -based networks can make the transition softer to build applications directly within the Ethereum ecosystem. Buterin argued that Ethereum’s transition to an RISC-V architecture “will greatly improve the efficiency of the Ethereum execution layer, solving one of the main bottleneck necks and can also greatly improve the simplicity of the execution layer.” – Margaux Nijkerk Read more.
Matter Labs sued for alleged theft of intellectual property: Matter Labs, the company behind Capa 2 Blockchain Zksync, has been sued by Bankex, a disappeared digital asset banking platform, due to intellectual property theft. According to a complaint filed on March 19 before the Supreme Court of the State of New York, former Bankex Alexandr Vlasov and Petrolev’s employees allegedly stole the company’s technology to begin the material laboratories, which received more than $ 450 million in risk capital funds and has become an important player in the block chain industry. The complaint, which names the CEO of Bankex, Igor Khmel and the Bankex Foundation as plaintiffs, presumed that Bankex was approached by the Ethereum co -founder, Vitalik Butein, in 2017, to build operating software for “Plasma”, a technology that was seen at the time as a way of making Etereum be cheaper. – Margaux Nijkerk Read more.
The displacement Euclid update brings in the era of decentralization of stage 1 : Scroll, the Ethereum Layer-2 network shared that it has launched its Euclid update, which the team called its most significant protocol transformation to date. According to the displacement of the laboratories, a key consequence of the key consequence of the update is that it moves from a “stage 0” to a “stage 1”, which means that the network will withdraw some of the updated characteristics in a security effort in a security effort. “Euclid represents the greatest leap forward for the parchment since its inception,” the team wrote in a blog post shared with Coindesk. “It is a statement about the future of Scroll and its commitment to overcome the limits of what is possible in the ZK roll sand.” – Margaux Nijkerk Read more.
Eigenlayer’s ‘slashing’ function is finally live: Almost a year after the day after Eigenlayer of the Ethereum protocol launched its “replacement” network to the unprecedented industry fanfare, the network is finally adding a central characteristic that, until now, was dazzling: “Slashing.” Eigen Labs hope that Eigenlayer’s Sigenlayer system of Eigenlayer will be Eigenlayer’s schedule. “We are happy to say now that the entire promise has been delivered,” said Eigenlayer’s founder Sreeram Kannan. – Sam Kessler Read more.
In other news
- Merchant shortening strategy (MSTR), Bitcoin’s buyer whose shares priced won 13% in March, may be struggling to find enough actions to pay the lenders who supported their bets for the value of the company. More than $ 180 million in Operations in MSTR shares failed to resolve last month, according to the data of the SEC and Fintel. These events, known as delivery failures (FTD), occur when a seller does not deliver actions to the buyer before the liquidation deadline, now only one business day after the operation (T+1). – James van Straten and Ai Boost Read more.
- Bitcoin (BTC) has become the fifth largest asset for market capitalization, reaching $ 1.86 billion and surpassing Google (Goog) as you advance $ 94,000. This marks the highest position that Bitcoin has reached in the classifications, despite the fact that its market capitalization previously exceeded $ 2 billion when its price was more than $ 109,000. At that time, however, technological actions were significantly higher than at this time. – James van Straten Read more.
Regulatory and political
- Paul Atkins has lent the oath to formally become the president of the United States Stock Exchange and Securities Commission, which returns Mark Uyeda to his previous role as a Republican commissioner after three months of service occupied as head of the agency. Atkins permanently replaces the former president, Gary Gensler, whom the cryptographic industry had seen widely as his main antagonist in the United States government. – Jesse Hamilton Read more.
- Fund collection for sophisticated cryptographic investment vehicles has not yet fully experienced the anticipated positive front wind of Donald Trump’s presidency, according to a new Crypto Insight Group report. Impulse “is still positive but slower than [fund] The anticipated managers under the new Trump Administration, “said the 2T25 coverage outlocker report. Jamie Crawley Read more.
Calendar
