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:
- Vitalik Buterin offers to replace the EVM of Ethereum by RISC-V
- Matter Labs, developer Zksync, prosecuted for an alleged theft of intellectual property
- The upgrading of Euclide de Scroll pushes it in the era of decentralization ‘Stage 1’
- Eigenlayer adds a key “slashing” functionality, ending the original vision
This article is presented in the latest issue of the protocol, our weekly newsletter exploring technology behind the crypto, one block at a time. Register here to get it in your reception box every Wednesday.
Network news
Exchange the EVM for RISC-V?: The co-founder of Ethereum, Vitalik Buterin, shared a new proposal that would radically revise the system that feeds its intelligent contracts. Buterin’s suggestion, which he published on the main forum of Ethereum developers, consists in replacing the Ethereum virtual machine, the software engine that feeds programs on the network, by RISC-V, an open source popular frame that offers integrated encryption and other advantages. The EVM has long played an essential role in the development of Ethereum. Other channels that use it can connect transparently with applications on Ethereum, and developers on EVM -based networks can more easily move to the creation of applications directly in the Ethereum ecosystem. Buterin argued that the transition from Ethereum to a RISC-V architecture “will considerably improve the effectiveness of the Ethereum execution layer, resolving one of the bottlenecks, and can also considerably improve the simplicity of the execution layer”. – Margaux Nijkerk Learn more.
Matter Labs continued for an alleged intellectual property theft: Matter Labs, the company behind the blockchain of layer 2 ZKSYNC, was chased by Bankex, a digital banking banks platform, for the flight of intellectual property. According to a complaint filed on March 19 with the Supreme Court of New York State, former employees of Bankex, Alexandr Vlasov and Petr Korolev, have stolen business technology to start Matter Labs, which received more than $ 450 million in capital funding and has become a major player in the blockchain industry. The complaint, which appoints Bankex CEO, Igor Khmel and the Bankex Foundation, as applicants, claimed that Bankex was approached by the co-founder Ethereum Vitalik Buterin in 2017 to build operational software for “plasma”, a technology that was observed at the time as a means of making Ethereum cheaper to use. – Margaux Nijkerk Learn more.
Scroll Euclide The upgrade brings the stadium-1 decentralization era : Scroll, the Ethereum Layer-2 network, shared that it launched its upgrade of Euclid, that the team has called its most important protocol transformation to date. “Euclid represents the biggest jump forward for Scroll since its creation,” wrote the team in a blog article shared with Coindesk. “This is a declaration on the future of Scroll and its commitment to push the limits of what is possible in the ZK Rollup Arena.” – Margaux Nijkerk Learn more.
The function of “Slashing” Eigenlayer is finally online: Almost a year in the aftermath of the absence of a network of “reassessment” of the Ethereum protocol, the unprecedented industrial network, the network finally adds a basic characteristic which was, so far, absent with the glaze system to keep the “Restakers” Honest Labs by revoking the collaterals if they act evil – will finally realize the Protocol of the Office. “We are happy to say now that the whole promise has been held,” said Eigenlayer’s founder Sreeram Kannan. – Sam Kessler Learn more.
In other news
- Traders Shorting Strategy (MSTR), the Bitcoin buyer whose share price won 13% in March, may have trouble finding enough actions to reimburse lenders who supported their bets, the value of the company would fall. More than $ 180 million in MSTR shares have failed to pay last month, the DRI and the finish data show. These events, known as delivery failure (FTDS), occur when a seller does not give the actions to the buyer before the payment deadline, now one working day after trade (T + 1). – James Van Stratten and Ia Boost Learn more.
- Bitcoin (BTC) has become the fifth largest asset by market capitalization, reaching 1.86 dollars and exceeding Google (Goog) as it crosses $ 94,000. This marks the highest position that Bitcoin has ever reached in the ranking, even if its market capitalization previously exceeded 2 billions of dollars when its price was more than $ 109,000. At that time, however, technological stocks were much higher than they are for the moment. – James Van Straten Learn more.
Regulation and Policy
- Paul Atkins was sworn in to officially become president of the American Securities and Exchange committee, which refers Mark Uyeda to his previous role as a republican commissioner after three months of service charged as the head of the agency. Atkins permanently replaces the former president, Gary Gensler, whom the cryptographic industry had largely considered her antagonist leader of the American government. – Jesse Hamilton Learn more.
- The collection of funds for investment vehicles in sophisticated crypto has not yet fully experienced the post of the positive front of the presidency of Donald Trump, according to a new report by Crypto Insight Group. The momentum “remains positive but slower than [fund] The managers provided for in the new Trump administration, “said the prospect of the coverage fund. Jamie Crawley Learn more.
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