Welcome to the protocol, the weekly conclusion of Coindsk for the most important stories in the development of encrypted technology. We are Margaux Nijkerk and Sam Kesler, Correspondents on Coindsk’s Tech.
In this case:
- EignLayer is finally ready to launch a critical missing feature
- Rootstocklabs is preparing to launch the SDKS for the Bitcoin 2S layer using BitvmX
- Inside the preferred cryptocurrency tool in North Korea: Thorchin
- Bitcoin developer suggests a difficult fork to protect BTC from quantum computing threats
This article appeared in the last issue of the protocol, the weekly newsletter that explores technology behind Crypto, one block at one time. Subscribe here to get it in your in the inbox every Wednesday.
Network news
EignLayer’s main feature is finally coming: EignLayer, the recovery protocol, shared last week that it will finally provide the long -awaited cutting feature on April 17, which represents the first “complete” protocol version. Discounts will allow active authenticity services (AVSS)-applications that are designed over Eignlayer Reconsating System-to punish operators who fail to meet pre-conditions in advance, and reward those who do it. Eigenlayer was originally a concept RecoveryA way for ETHEREUM users to secure additional protocols that exceed the basic layer by adhering to amazing impacts. The pieces were supposed to be an essential part of this system, as it provides applications as a way to punish bad actors by seizing a portion of their capital. Since the pieces were not part of Eigenlayer when it was initially launched in 2024, it left space for competitors to get a market share. Takaful, which allows the return of any of the assets, was used by early adoptions early including confusion, an interconnection framework, and Ethaina, a popular protocol of the artificial dollar. Sam Kisler Read more.
Building layer 2 on Bitcoin soon: One of the oldest Bitcoin ecosystem projects is the transition to the next stage of enabling developers to create Layer-2 networks using its calculation. ROOTSTOCK is one of many projects that currently advance to the goal of bringing in a greater benefit and interim operation to Bitcoin, which is what you do using “BitvmX”, a modified version of Bitvm programming language. Sergio Lerner told Coindesk, the ROOTSTOCKLABS project is weeks away from the launch of software development groups (SDKS), allowing developers to start producing their bitcoin layer using BitvmX. SDKS are groups of tools that allow third parties to build applications using a specific platform or framework. “We are about to be all the pieces ready for people to start building their own solutions at the head of BitvmX,” Lenerner said in an interview. Jimmy Kraouli Read more.
North Korea’s favorite coding washing tool: In February, North Korea stole $ 1.4 billion in the largest encryption theft ever. Thorchain, a network used for coding exchange, has become central to North Korea laundering operations – used to dam 85 % of the penetration. Unlike some other Blockchain services, Thorchain operators have refused to prevent the transactions associated with BYBIT, despite the requests of the FBI and other government agencies. Thorchain wallets such as ASGARDEX and Vultisig – the tools that most people use to process on the network – also did not budge – as well. According to Blockchain security researchers who spoke to Coindsk, the main wallet developers in Thorchain-who were publicly identified and headquartered in the judicial states with strict regulations to combat money laundering, including the United States-have obtained more than $ 12 million as theft associated with theft. The US Foreign Assets Bureau (OFAC) has already been punished with the Blockchain Services used in relation to money laundering, such as the App Tornado Cash (which has been since then to cross out After a Court ruling) And bitzlatoexchange. Prosecutors also accused the operator behind similar platforms. For legal experts and the encryption community, if Thorchain-1 Blockchain-layer-should be treated differently from these other services, it is a basic discussion that almost all encryption platforms face: Is the network not really central? – Sam Kisler Read more.
Can bitcoin resist quantum computing?: Bitcoin can go to repair the most severe encryption yet if a new traction suggestion gains. BIP Support Project (BIP) entitled Protocol to migrate the anti -quantitative address (QRAMP) was presented by the developer Agustin Cruz. It defines a plan to impose deportation at the BTC network from the LEGacy portfolios to that guaranteed by post -quarter encryption. Quantum computing includes avoiding the process that depends on the binary code, yellow and zeros, and significantly increase the power of computing by using the quantum parts present in multiple cases simultaneously. Such a jump in energy is expected to threaten modern computing encryption that has been built by classic machines. The suggestion indicates that after a pre -determined mass, the contract that works on the updated program will reject any treatment that tries to spend coins from the address using Ecdsa encryptionWhich can make the theory vulnerable to quantum attacks. – Francisco Rodriguez Read more.
In other news
- The first ripp (xrp) ETF Direct Tuesday. Also on Tuesday, ripples He agreed to acquire Hidden Road Hidden Road Multi-Asset Prime for $ 1.25 billion, which represents one of the largest integration and purchase deals in the digital asset industry so far. – Canny will and Shuria Malwa
- Galaxy Digital plans to Redomicile in Deaware and List Share on the Nasdaq Stock Exchange after the shareholders vote on May 9. The news comes a week after the approval of Galaxy, a major project company, to pay $ 200 million in a settlement with the New York Prosecutor’s Office related to the Fund’s participation in the collapse of Terra Luna 2022. Tom Carreras Read more
Organization and politics
- China and Europe Both of them agreed to a reprisal tariff against the United States – the latest development in the trade war ignited by US President Donald Trump, who slipped through global markets, including digital asset markets. – Coindsk
- Bitcoin price fell to less than 77 thousand dollars on Wednesday, and it represents a Relatively modest 8 % decreased since the “Tahrir Day” tariff was announced. The recession fears conducted a major test of the encryption markets, which were born from the 2008 financial crisis and were not present through a major American recession. To date, the decentralized financing sector (Defi) has shown signs of elasticity. – Oliver Knight Read more
- The Argentine conference launched an investigation into the scale, which is the alleged Mimikoin project for the pump and discharge promoted by President Javier Millie. The distinctive symbol surveyed 90 % for investors and led to calls to dismiss Mile. –Francisco Rodriguez Read more
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