Welcome to The Protocol, a weekly wrap-up of important stories in cryptocurrency tech development. I’m here to give you a rundown of the latest news in the crypto world.
Ethereum’s blob mob has been making waves, with the introduction of blobs allowing for faster and more affordable transactions on layer-2 scaling tech. This has seen a surge in the usage of blobs on the Ethereum network, indicating increased adoption of layer-2 solutions.
Staking on Starknet has also caught the attention of users, as it becomes the first major rollup blockchain on Ethereum to allow users to earn rewards by staking their tokens and validating transactions. This move is part of a multiphase plan to enhance the network’s capabilities.
Avalanche is not to be left behind, as the Avalanche9000 upgrade aims to cut costs and attract developers to the network. This upgrade will make it easier to send transactions, operate validators, and build apps on the network, with the goal of encouraging users to create customized blockchains using its technology.
BitcoinOS has achieved a significant milestone by executing the first trustless bridge transaction for any blockchain, bridging Bitcoin to an EVM layer-2 network. This marks a significant step in enabling seamless interoperability between different blockchain networks.
In other news, Sui Network experienced a brief outage due to a bug in its transaction scheduling logic, highlighting the importance of robust network infrastructure in the crypto space. Despite such challenges, the crypto community continues to innovate and push the boundaries of what is possible with blockchain technology.
As we look ahead, there are several upcoming events in the crypto calendar, including India Blockchain Week, Emergence in Prague, and the World Economic Forum in Davos. These events provide opportunities for industry leaders and enthusiasts to come together and discuss the latest developments in the crypto space.
Overall, the crypto industry continues to evolve at a rapid pace, with new developments and innovations shaping the future of finance and technology. Stay tuned for more updates on The Protocol as we continue to explore the exciting world of cryptocurrency tech development.
