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 Coindesk.
In this issue:
- The second Buggy test by Ethereum “Pectra” could lead to a delayed upgrade
- The Ethereum Foundation chooses new co-executive directors, after the reshuffle of leadership
- The “bitcoin deffi” of the layer-2 continues to progress with the integration of fiery objects
- Popular Metamask Metamask Metamask reveals a new roadmap
This article is presented in the last 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
The second Buggy d’Ethereum testt for Pectra – Décays?: The developers of Ethereum initially celebrated an apparently successful test of Pectra, the most important upgrade of the blockchain since 2024, on the test network of Sepolia. However, a few hours after the test, Sepolia began to meet errors. It was the second Buggy test for the long -awaited upgrade of Pectra, which is designed to improve efficiency, user experience and Ethereum validator system. The problems have led to calls from certain developers that the upgrade was delayed. The Sépolia test on Wednesday (March 5) was to be the last step before the launch of Pectra on the principal of Pectra. Initially, the test seemed to succeed, but later, the developers noticed empty blocks added to the chain. The Ethereum Foundation assigned the problem to “a problem with the authorized sepolia deposit contract”, which “prevented many customers from the execution layer from including block transactions”. In other words, the problem came from a configuration error specific to the Sepolia test, rather than a defect with Pectra itself. Despite this, the test has raised concerns about whether Pecctra has suffered sufficient tests. The previous test on the Holesky d’Ethereum testnet also had configuration problems, this time caused by poorly configured validators. – Sam Kessler Learn more.
The Ethereum Foundation chooses new co-executive directors: The Ethereum Foundation (EF), the non-profit organization that supports the development and search for Ethereum blockchain, shared in a blog article that they selected HSIAO-Wei Wang and Tomasz Stańczak as new co-executive directors. The news follows the departure of Aya Miyaguchi to become the new president of the FE. The upheaval of leadership follows an intense debate among the community on the role of the EF in the ecosystem, because some have blamed the organization and its leadership for the price of the token ether of the blockchain (ETH) to the traffic of other cryptocurrencies, while the blockchain attracted for the first time less developers than its competitor. In addition, the former EF researcher Danny Ryan shared that he would join Etherealize, the new project aimed at bringing ETH to Wall Street. – Margaux Nijkerk Learn more.
Bitcoin Layer-2 Bob and Fireblocks integrate: The ehybrid network of layer 2 bob bob to make bitcoin the center of the universe of decentralized finances (DEFI) continues with its integration with the Crypto Fireblocks police company. Integration means that the more than 2,000 entities using Fireblocks will have access to the BOB DEFI ecosystem, which has a total locked value (TVL) of around 250 million dollars. These users can now earn a return on their BTC holdings via the BOB network, according to a shared ad with Coindesk. – Jamie Crawley Learn more.
Popular Metamask Metamask Metamask reveals a new roadmap: Metamask, the popular Crypto Self Crypto portfolio for the Ethereum (ETH) network, shared a burst of announcements last week, aimed at improving the user experience of its portfolio. Part of the Metamask reworked roadmap includes the addition of intelligent contract capacities to its current portfolio. Metamask is currently an external detainee account (EOA), a type of wallet controlled by an audience and a private key. One of the main Falls of the EOAS is that it is subject to a human error, which means that if you forget your private key, you lose your cryptography assets in this account forever. The other type of portfolio that exists on Ethereum is contractual accounts (case), which are controlled by the code and have recovery mechanisms in place and safety checks for transactions verification. In a blog article shared during Ethdenver, the largest North American conference Ethereum, the Metamask team said that “intelligent contracts allow us to resolve a certain number of problems: allowing new powerful uses of the assets you are holding, while simultaneously improving security. When the user defines his terms from his own programmable account, we considerably broaden how the user expresses his agency in a way that is applied by their own code. One of these new features aimed at facilitating user experience on Metamask includes the ERC-5792, which is based on its current functionality, Smart Transactions. Under ERC-5792, or known as prizes transactions, users can combine certain steps when it comes to signing transactions, such as “approving + swap” with one click, which means that they would save time and gas fees by grouping these steps together. – Margaux Nijkerk Learn more.
In other news
Trading titan jump brings together its American cryptography efforts, say the initiates
- Although Jump has maintained its digital trading and market creation activities in other parts of the globe, the volume of Crypto trading is now accelerating on a global scale, according to a person familiar with the situation. Ian Allison and Will Canny report.
David Sacks discreetly gave in Crypto Company at the center of the controversy of conflicts of interest
- The venture capital company of Sacks, Craft Ventures, has left its ILO position on the new administration, according to a source close to the situation. Sam Kessler reports.
Regulation and Policy
- The leaders of a wide range of cryptographic societies, including Coinbase, Chainlink and Exodus, will represent the industry on Friday at the first crypto summit of the American president. Jesse Hamilton, Cheyenne Ligon, Nik de and Christine Lee Report.
