The Protocol: Latest Vitalik Blerin’s Vitalik – Transaction Gas Cap
Welcome to the protocol, CoinDesk’s weekly wraps of the most important story of cryptocurrency tech development. I’m Margaux Nijkerk, Tech & Protocol Reporter of CoinDesk.
In this issue:
- Vitalik Baterin’s new proposal is looking for a 16.7m gas cap in Ethereum to revive in the transaction bloat
- Jack Dorsey Unveils Bitchat: Offline, Encrypted messaging inspired by Bitcoin
- Volkswagen ADMT taps Solana based on HiveMapper Bee Maps for no driver data
- Eigen Labs Axes 25% of staff to focus on eigencloud formation
Network news
New Ethereum proposal from Vitalik Blerin: A New Ethereum proposal. The proposal, EIP-7983, suggests limiting individual transactions to 16,777,216 gas (2²⁴) —a sharp change from the current design, which technically allows a single transaction to consume gas allocation of an entire block. As a design choice, which introduces many performance and security challenges. When a single transaction consumes almost all available gas, it disrupts the distribution of workloads across the network and tends to make the block killing better. So the proposed cover is expected to simplify engineering challenges and align with the transfer of Ethereum towards modularity, even if it may require dividing large transactions. – Shaurya Malwa Read more.
Jack Dorsey opens BitChat Whitepaper: Jack Dorsey, founder of Twitter (now X) and FinTech Company Block (SQ), published a Whitepaper for Bitchat, a decentralized messaging protocol that provides a fully -fulfilled communication without internet. BitChat will operate over Bluetooth Low Energy (BLE), allowing neighboring devices to develop a mesh network that relays hop-by-hop messages, according to The whitepaper. When a message is sent, it travels to nearby devices that act as a temporary node until it reaches its recipient, making it resilient to offline or censored environment. While not producing explicit references to Bitcoin, the cryptocurrency or the blockchain, Dorsey described Bitchat as a “decentralized, peer-to-peer application,” evoking connection to Bitcoin Whitepaper’s intro where it is described as a “peer-to-peer version of electronic cash.” – Jamie Crawley Read more.
Solana hivemapper and volkswagen team up: Volkswagen ADMT, the Carmaker’s autonomous-vehicle test subsidiary, tapped hivemapper bee maps to support self-driving operations with real-time map data. Street-level imagination collected by contributing bee maps using hivemapper cameras will be used to help verify Volkswagen’s driving technology in an effort to boost curbide accuracy of autonomous pick-up and drop-off, a spokesman for the Bee CoinDesk Bee Maps said. The deal features a growing adoption of crowdsourced geospatial data as autonomous ride-sharing firms looking for more accurate, timely mapping infrastructure. It also shows the growth of decentralized physical infrastructure networks (DEPIN), which uses blockchain incentives in real -world data collection. Hivemapper is one of the most well -known projects of the solana ecosystem. According to Wall Street JournalVolkswagen’s autonomous driving unit has tested the ‘robotaxi’ armada in recent months. In April, the The company also announced a cooperation with Uber To launch service in US markets, with pilot operations set for late 2025 and a wider rollout planned for 2026. Margaux Nijkerkk Read more.
Eigenlabs puts staff in the middle of repair: The Eigen Labs, the main developer firm behind the restoration of the eigenlayer protocol, cut its workforce by 25%, lost 29 duties, as CEO Sreeram Kannan said Focus on eigencloud formationthat he called it a “proven” alternative to existing, fuzzy cloud services. Startup said that Seattle is based that the dismissal is not a cash-crunch response. The news came as the company dealt with the fair side of the blowback, from not having some basic mechanisms in place In the launch of its main product, in the presence of top Ethereum Foundation numbers receive a large payout For counseling roles. Eigenlayer is once in the worst projects in crypto, reaching $ 20 billion I’ve beenn Total amount locked in June 2024. It has $ 12 billion. – Francisco Rodrigues Read more.
In other news
- Bit Digital (BTBT) is now the owner of more than 100,000 ether (ETHs) after replacing the Bitcoin stack with a $ 172 million capital increase for more than the second largest crypto in the world. From the handling of 24,434 ETH to the end of March, Bit Digital now has 100,603 ETH ($ 189.2 million) making it one of the largest ethical holders in the corporation, says the company. Bit Digital announced its plans to focus only Eth Staking last month with a move that was not completely unexpectedly granted experienced since dividing last year. – Jamie Crawley Read more.
- US president Donald Trump (NASDAQ: DJT) has filed to list a crypto exchange-traded fund (ETF) that will monitor a selection of digital properties, the latest in a string of such efforts tied to the Trump brand. The suggested “Truth Social Crypto Blue Chip ETF” will hold a portfolio of five tokens: Bitcoin (BTC), Ether (Ether), Solana (Sol), XRP (XRP) and Cronos (CRO), According to a SEC filing. Eight-five percent of funds will be divided between Bitcoin and Ether. Solana will make 8%, Cronos 5%and XRP 2%. – Helene Braun Read more.
Regulation and policy
- The office of the US Treasury Department’s Office of Foreign Asset Control’s (OFAC) penalty against the Privacy Tool Cash Privacy Tool cannot be discussed in the upcoming Roman Storm developer test, ruled by a federal judge. At a Manhattan status conference on Tuesday, district judge Katherine Polk Filla first talked about whether he would allow specialized witnesses to testify about the penalties, first imposed on August 2022, this march was removed and subsequently found by a court in Texas. After hearing arguments from both persecution and defense, Filla decided to give Storm a movement In the limine Moving to prohibit the testimony of the penalties in full, focusing that it is too confusing for a jury to do what he described as the “mental gymnastics” of understanding why the penalties imposed and eventually removed. – Cheyenne Ligon Read more.
- The US Department of Justice (DOJ) charges two individuals for their role in Omegapro, a crypto scheme and Ponzi investment that has ridiculed investors of over $ 650 million. Michael Shannon Sims, a founder and advocate of Omegapro, and Juan Carlos Reynoso, who led Omegapro’s operation in Latin America and some parts of the US, would be charged with conspiracy to make wire fraud and money laundering, According to the documents that have been published. Omegapro is an international investment scheme that collapsed in 2022. In 2024 Andreas Szakacs, the co-founder of the scheme, has been arrested in Turkey for his involvement in omegapro. – Parikshit Mishra Read more.
Calendar
- July 16-18: Web3 SummitBerlin
- September 22-28: Korea Blockchain SundaySeoul
- October 1-2: Tokeen2049Singapore
- Nov. 17-22: DevonnectBuenos Aires
- December 11-13: Solana breakpointAbu Dhabi
- Feb. 10-12, 2026: ConsensusHong Kong
- May 5-7, 2026: ConsensusMiami