Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. I am Ben Schiller, the opinion of Coindesk and the publisher of features.
In this issue:
- Movers deploy Dev Mainnet
- Cardano Hard Forks to decentralized governance
- SSV DAO reveals SSC 2.0
- Musk pushes the blockchain to the government
Network news
Movement laboratories deploy Devnet: Blockchain Firm Movement Movement Labs has deployed a Mainnet developer to advance his goal of bringing the Move (Movevm) Virtual Machine (MOVEVM) to Ethereum. The launch of developer Mainnet will begin the deployment of the main movement infrastructure and allow selected partners to start implementing decentralized financing protocols (DEFI) on Tuesday, according to an announcement sent by email on Tuesday. The press release follows the initial launch of the workforce movement in December and precedes the beta version of the Public Mainnet scheduled for next month. Move was developed as part of the unhappy digital currency project of Facebook, Diem, which was put aside at the beginning of 2022. Technology was also used to create the SU and Aptos Layer-1 networks. Movement Labs, with the help of a series of $ 38 million, a financing tour led by Polychain Capital, extends for the first time the programming language to an Ethereum 2. coinciding layer with the deployment of the Mainnet public, the Movement will also unveil a multi-active liquidity program to provide the foundation of decentralized financing applications (DEFI). Learn more.
Cardano Hard Forks for decentralization: The blockchain of proof of the implementation, Cardano, was to go to decentralized governance on January 29 after the Hard Plomin fork took effect, the Cardano Foundation, a non -profit organization that supported the project, on X .[It’s] An important step in blockchain governance. “The Ada de Cardano token has changed hands at 93 cents at the time of the press, up 1.4% on the day, according to Coindesk and TradingView data. A hard fork is a compatible change not compatible with programming of The blockchain.
SSV DAO 2.0: The SSV DAO, the decentralized autonomous organization behind the SSV network of the decentralized implementation protocol, has unveiled a new frame, called “SSV 2.0”, allowing applications to use “based” technology by taking advantage of Ethereum validators . SSV 2.0 will be the most ambitious project for the SSV network, according to a press release shared with Coindesk, and will provide applications based on Ethereum. “Based” applications, in particular “rollers based on” Rollups “, are a new type of technology attracting the attention of Ethereum developers because it allows better interoperability while improving the safety of networks in addition to Ethereum. Rollers based on the basis can be considered a solution to the many layers of layer 2 on Ethereum today, which has caused a lot of fragmentation in space. By taking advantage of “based” technology, these protocols or applications can “base” their safety and execution operations outside the set of layer 1 of Ethereum. Currently, layer 2 networks use “sequencers” to order transactions and publish them on Ethereum. Sequencers are criticized to be a single failure. Using layer 1 validators to carry out execution and safety work, networks can avoid falls in the use of centralized sequencers. Ethereum developers are suitable that rollers based on allow better interoperability in the network. The members of the Ethereum ecosystem have met in recent weeks to find ways to solve this problem, and the rollers based is considered a major breakthrough for this. From now on, the SSV network will also address these problems by providing applications with technology based on Ethereum. Learn more.
Musk pushes the blockchain: In his role at the head of the new Ministry of Effectiveness of the Government (DOGE), Elon Musk suggested that the use of a large digital book would be a profitable means of following federal expenses, to secure data, to do Payments and managing buildings, according to people familiar with the issue. Several representatives of public blockchains have met affiliates from Doge, said the people. The ministry was created in response to the expenses of the federal government of $ 6.7 billions of dollars during the fiscal 2024, which Musk called in October in October. He promised that the department – whose acronym is a nod to Musk’s favorite cryptocurrency, Dogecoin (Doge) – would reduce the figure to the most 2 dollars. Given the name of the ministry and Trump’s determination to establish friendly policies in the United States, Musk’s plan to incorporate blockchain technology is not a surprise. In addition to creating DOGE on January 20, Trump signed a decree to create a working group on digital assets led by venture capital David Sacks with a mandate to identify all the regulations currently affecting the crypto within 30 days , among others. Learn more.
Monetary center
XRP Strategic Reserve
- Brad Garlinghouse of Ripple sparked a debate on a reserve of putative national crypto, saying: “I think it should be representative of the industry, not just a token (whether BTC, XRP or anything other). “Bitcoiners hope that it will be a bitcoin -A reserve.
Deepseek hits the tokens
Regulation and Policy
