Welcome to the protocol, CoinDesk’s weekly wraps of the most important story of cryptocurrency tech development. I’m Ben Schiller, the opinion of CoinDesk and featured editor.
In this issue:
- Motion lab rolling in Dev Mainnet
- Cardano Hard Forks in Decentralized Management
- SSV DAO opens SSC 2.0
- Musk pushes the blockchain to the government
Network news
Motion labs roll Devnet: Blockchain Firm Movement Labs deployed a Mainnet developer to advance its goal to bring Facebook (Meta) Move Virtual Machine (MoveVM) to Ethereum. The launch of Developer Mainnet will begin with the deployment of the basic movement of the movement and allow selected partners to begin implementing finance (DEFI) decentralized protocols, according to an email announcement on Tuesday. The release complies with the preliminary launch of Mainnet movement in December and preceded the planned public release of Mainnet Beta next month. Moving was developed as a part of Facebook’s poor digital currency project, recorded at the beginning of 2022. Technology was also used to create SUI and Aptos Layer-1 networks. Motion labs, with the help of A $ 38 million series of a round of funding led by polychain capitalexpands the language of programming in an Ethereum layer 2 for the first time. In conjunction with the deployment of public mainnet, the movement will also open a multi-asset waters to provide a foundation for decent financial applications (DEFI). Read more.
Cardano Hard Forks in Decentralization: Proof-of-Stake Blockchain Cardano was due to move to decentralized management on January 29 after the Ploman Hard Fork, the Cardano Foundation, a non-profit organization that supported the project, told X. “Ploman Hard Fork took place , marking the move throughout the decentralized management. Cardano Foundation said. “(It’s) a milestone in blockchain management.” Cardano’s ADA token changed hands to 93 cents at the time of press, up to 1.4% a day, according to data from CoinDesk and TradingView. A tough fork is an incompatible change in Blockchain’s programming. Plomin Hard Fork requires stake pool operators to upgrade their nodes and approve upgrading with 51% vote. As last week, nearly 80% of the nodes were raised in the new version. Read more.
SSV DAO 2.0: The SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV Network. SSV 2.0 is the most sought after the SSV network project, according to a press release shared with CoinDesk, and will bring applications based on Ethereum (BAPP). “Based” applications, especially “based on rollups,” is a new type of technology that attracts the attention of Ethereum developers because it allows better interoperability while improving the security of networks at the top of the Ethereum. Rollup based on specifically can be seen as a solution to many layer-2 networks in the Ethereum today, which has led to many fragmentation throughout the space. By seizing the “based” technology, protocols or applications can “base” their security operations and implementation from Ethereum’s layer-1 set. Currently, Layer-2 networks use “sequencers” to order transactions and post those who return to Ethereum. Sequencers are criticized for being a single point of frustration. By using layer-1 validators to do the implementation and security work, networks can avoid the collapse of the use of centralized sequencers. Ethereum developers Sumang -according to rollups Allow better network interoperability. Members of the Ethereum Ecosystem gathered In the past few weeks to find ways to solve this issue, and based on rollups has been seen as a major success for that. Now the SSV network will also discuss these issues by bringing applications based on technology to Ethereum. Read more.
Musk pushes the blockchain: In his role leading to the new department for government efficiency (DOGE), Elon Musk suggested that using a digital ledger would be a great way to monitor federal expenditure, secure data, make payments and manage buildings, according to people who are familiar with this matter. Many representatives of the public blockchains have met with the dog affiliates, the people said. The department was created in response to the expenditure of the federal government $ 6.7 trillion in fiscal 2024, Musk in October Called “wasted” money. He promised the department – that the acronym was a nod to Musk’s favorite cryptocurrency, Dogecoin (DOGE) – would ruin the figure to nearly $ 2 trillion. Due to the name of the department and Trump’s decision to establish policies friendly in the US, Musk’s plan to include blockchain technology did not come as a surprise. In addition to Creation of Doge on January 20, Trump signed an executive order that Create a working group in digital possessions Led by venture capitalist David Sacks with the mandate to identify all regulations that currently hold the crypto within 30 days, among other things. Read more.
Center for money
XRP Strategic Reserve
- Ripple’s Brad Garlinghouse has ignoring a debate About a putative national crypto reserve, which says “I believe it should be an industry representative, not just a token (if it’s BTC, XRP or anything).” Bitcoiners hope this is just a bitcoin reserve.
Deepseek hit tokens
Regulation and policy
