Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. I am Margaux Nijkerk, the journalist of the Ethereum protocol in the Coindesk technological team.
In this issue:
- Solana to obtain a major design overhaul
- Proposal of new Ethereum nodes to make them easier to execute
- Sale of $ 135 million token from World Network
- Solana Seeker Mobile to come in early August
Network news
Solana to obtain a major design overhaul: Solana’s developers plan what could be the most ambitious basic upgrade of the blockchain to date – that which replaces its current technology pile with a redrawn consensus protocol designed for almost instantly finality and responsiveness. The new system, called Alpenglow, was unveiled on Monday by the infrastructure company Anza, a Spinout by Solana Labs. It proposes to replace the proof of history – the famous “pre -recorded clock” system by Solana – and Tower BFT, its existing voting mechanism to reach consensus. – Shaurya Malwa Learn more.
Proposal for new Ethereum nodes to make them easier to execute: The co-founder Ethereum Vitalik Buterin has proposed a new design to reduce the hardware burden for the execution of a network node, by framing it as a step towards a fully decentralized network which does not require sophisticated infrastructure to help maintain. In a blog article, Buterin introduced the concept of “stateless nodes”, allowing users to store that an Ethereum data subset, rather than the whole blockchain which will go to more than 1.3 teraoctets (TB) .— Shaurya Malwa Learn more.
Sale of global token $ 135 million in A16z, Capital Crypto Bain: Sam Altman’s Blockchain Project World Network raised $ 135 million in a private token sale of his WLD token. The sale was to be giants of the venture capital A16Z and Bain Capital Crypto and will be used to finance the expansion of the network. The funding comes as the group behind the blockchain announced that the integrated project features as well as the WLD token have become available at the beginning of the month for American users. – Margaux Nijkerk Learn more.
The Solana Labs mobile team plans to send their Seeker phone from August 4In addition to sharing new information on part of its infrastructure framework as well as a new SKR token for its mobile users. The new one occurs while the new iteration of Solana’s mobile has been underway for months, with more than 150,000 units so far, according to a press release. Seeker was presented after the first model of the phone, Saga, was at the origin of the harm to sell, creating a certain uncertainty for his future. But Saga finally sold after crypto users went that they could collect certain token-Trops.
In other news
- Movement Labs, the cryptographic startup prey to the scandal supported by World Liberty Financial of Donald Trump, prisonedly promised large participations of his token in the first initiates – made it possible to give offers which now raise new questions on which really holds the power behind the scenes. Even before its launch of tokens, Movement Labs committed large parts of the Move offer to a handful of early advisers – arrangements that have never been disclosed to investors and only appeared by internal documents examined by Coindesk. – Sam Kessler Learn more.
- Bitcoin (BTC) won a new record price of $ 109,400, exceeding the peak in January around the inauguration of Donald Trump. According to the Bitcoin index of Coindesk, the largest and oldest cryptocurrency reached $ 109,486 at the start of the American session. BTC has now jumped more than 46% compared to its April hollow induced by growing fears on the world trade war and American prices. – Kristzian Sandor Learn more.
Regulation and Policy
- The American Senate voted to move forward on the legislation on the stablescoin on Monday evening, removing a procedural barrier to finally pass the bill entirely on the body. The senators easily crossed the threshold of 60 voting for the vote, which aims to move the legislation to an additional debate period before a series of final votes to get it out of the Senate.– Jesse Hamilton Learn more.
Calendar
- May 19-23: Solana Accelerate, New York City
- May 20-22: Avalanche Summit, London
- May 27-29: Bitcoin 2025, Las Vegas
- May 27-29: Ethprague, Prague
- June 8-22: Berlin Blockchain Week, Berlin
- June 30-July 3: ETHCC, Cannes
- July 16-18: Web3 summit, Berlin
- September 22-28: Korea Blockchain Week, Seoul
- October 1-22: Token2049, Singapore
- December 11-13: Solana Breakpoint, Abu Dhabi
