“ALSO: Hyperliquid Eases Token Transfers for Defi with Integration Between Hypercore and Hyperevm; Celo Migration to Layer-2 Network is Done, Bringing in New Era for the Blockchain; Bitcoin Defi Expansion Faces Fork Dilemma As Developers Explore Zk Proofs”, – WRITE: www.coindesk.com
In this Issue:
- Ethereum’s Final Pctra Test Goes Live
- Hyperliquid Eases Token Transfers for Defi
- Celo Migration to Layer-2 Network is Done
- Bitcoin Defi Expansion Faces Fork Dilemma
This Article is Featured in the Latest Issue of the Protocol, Our Weekly Newsletter Exploring the Tech Begind Crypto, One Block At A Time. Sign Up Her to Get It In your InBox every Wednesday.
Network NewsIT’s Alive! Ethereum Pectra Test: The Final Dress ReHearsal for Ethereum’s Upcoming Pctra Upgrade Occurred Wednesday, As The Blockchain’s Biggest Changes in Over a Year Wear Wear Were Tested and Addrational Time Following A Seeries of Miseries. The Upgrade on the New Hoodi Testnet Watched Given Two Previous Tests, On the Holesky and Sepolia Test Networks, Failed to Finalize Propert. Following Those Tests, Developers Created A New Testnet, Hoodi, To Give EcoSystem Players, Particularly Staking Providers, One More Testing Opportunity Before The ApGrade Hits Eths Eths Eths Eths Eths Eths. The Test Involved Passing Hoodi A Series of Code Changes Meant to Make Ethereum More User-Friendly for Both end-users as Well As Developers. One of Those Changes Adds Smart Contract Functionality to Wallets, ALLOWING WALLET Software Developers to Build New Convenance-Oriented Features, Like The Abality to Face. ETHER (ETH). TestNETS ACT AS COPIES OF A MAIN BLOCKCHAIN, AND ARE Used by Developers to Run Through Any Majoor Code Code Changes in a Low Stakes Environment, Giving Them A Platch to Patch. Hoodi Was The Last of Three TestNETS to RUN THRUGH A SIMULATION OF PECTRA. Developers Previously Agreed that if All Went Well On Wednesday, PECTRA Wuld Be Monitored for AROUND 30 More Days and Ten, Finally, Activated On Ethereum’s Mainnet. – Margaux nijkerk Read More.
Hyperliquid Eases Tokens for Defi: The DECENTRALIZED FINANCE (DEFI) SECTOR IS AMONGT The Biggest Drivers of Value ACcrual and Revenue Creation for Crypto Projects, But Its Complexe of Brots, Wers Brochers, Witigations, WEPLEXITY BOCKHAPS TKENS. A Technical Update by Hyperliquid is Making That Process Easier for Both Developers and Users, with The Direct Linking of Tokens on Hypercore And Hyperevm Platform. Hypercore Is It Native Platform for Spot Assets (Think Tokens You Can Can Can Trade Directly), and Hyperevm, an Ethereum Virtual Machine (Evm) Network that Execuutes Smart CONTRATES SMARTTSTRATES SMARTS. Tokens on Hypercore, Dubbed “Core Spot,” can be linked to their counterparts on hyperevm and are called “EVM SPOT.” Once Linked, Users Can Transfer Them Using Simple Actions-Like A “SPOTSEND” ON HYPERCORCORE OR A Standard ERC-20 Transfer on Hyperevm. By the letting tokens move directly Between theater-Without a Third-Party InterMediary-Developers Can Create Products that Create Out of The Technical Crechnical Cretocal Cruts Requires Requires, WEAPSUSers Recs. USers, But May Be Challenging for Beginners. – Shaurya malwa Read More.
Celo Migration to Layer-2: The Celo Blockchain’s Long-Awaited Plan of Become An Ethreum Layer-2 Chain-2 Chain Has Been Completed, Ending An ALMOST TWO-YEAR PROCESS, The MAIN Organizations Behind the Networn Wednesday. The transition ecol journey beginning back in julie in july 2023 for the Layer-1 blockchain that included acommunity vote in july 2024 and a fierce competition, woon by the optimism, Amongr-2 Net-2 Net-2 Layer Layer Layer Layer-2 Layer-2 NOTORI EcoSystem to Build with their Technology. The Improved Network – Like Other Layer 2s – Offers Faster and Cheaper Transactions On Top of Ethereum’s Mainnet. The Blockchain Is Powered by Optimism’s Op Stack, A Customizable Framework That Lets Developers Build Layer-2 Networks Based of Optimism’s Technology. Access to rene reisberg, the CEO of the Celo Foundation, the Migration is the First of Its Kind in the Ethereum EcoSystem, and Will Probably Be Used as A Blueprint for Other. A Layer-2 Network. – Margaux nijkerk Read More.
Bitcoin Defi Faces Fork Dilemma: Bitcoin Developers Looking to Expand the Blockchain’s Decentralized Finance (Defi) Capabilites Are Likely to Be Considering Zero-Knowledge So-Called Soft Fork, or New Version of the Software, to introduce of them. That’s a problem, accounting edan yago, a bitcoin veteran of over a decade and core Contribute to Smart Contract Operation System Bitcoinos (BOS). “Forking A Blockchain, Especialy One With $ 2 Trillion Wrth of Value on It, Is Like Open-Heart Surgery,” He Told Coindesk in An Interview. ZK Proofs Are A Cryptographic Method of Proving the Validity of Statements While Maintening Privacy Through Not Revealing Any Information About IT. The Functionality Is Not Available in Bitcoin’s Software, But Could Be Made So Prough Propedations Like Op_cat and Op_ctv. Yago Said Developers Should Be Able to Find Ways of Enabling Them on Bitcoin Without any Kind of Fork. “The Burden of Proof is on Developers to Demonstrate Thats No Other Way of Accomplasing This Through Clever Engineering,” He Said. This is What Bos Heps to Achiev Through the Bitsnark, A Bitcoin Rollup Protocol That Is Part of the Family of Computing Paradigms Being Developed to Scale the Original Blockchain. These Emerged Following the Introduction of Bitvm by Robin Linus in October 2023, WHICH Set Out A Framework for How Ethereum-Like Smart Contracts Could Be Eabled on Bitcoin. Bitcoinos have now open-sourced what yago description ascribes as a “fully product-relay” bitsnark protocol, meaning developers now Access to zk verification on bitcoin. Like Ethereum, Solana and Cardano. – Jamie crawley Read More.
In Other News
- In a two-ho of interview with Coindesk Senior Anchor Christine Lee, Strategy Executive Chair Michael Saylor Discusses a US Bitcoin Strategic Reserve, Wy Securities Holders KEEP HOLDERS KEEP Immortality. – Christine Lee Reports.
- Crypto Start-Up Plasma Has Revealed The Technical Features of Itcchain, Whos Dzigned For Fast and Efficiency Global Stablecoin Transfers, Using A Hotstuff-Innspired Concespired CONSPRIDE. – Omkar Godbole Reports.
Regulatory and Policy
- US SENATOR KIRSTEN GILLIBRAND (Dn.y.), One of the Leading Democrats Supporting Crypto Legislation, Warned The Industry Against Pushing for a “Watered-Down” Versio. Currently Moving Through The Senate, Arguing that Stringent Regulations Are Necessary to Foster Innovation and Protect Investors from Bank Runs Like The One On Silicon Valley Bank in 2023 Ftx in 2022. – Cheyenne ligon Report.
Calendar
- April 8-10: Paris Blockchain Week
- April 30-May 1: Token 2049, Dubai
- May 14-16: Consensus, Toronto
- May 20-22: Avalanche Summit, London
- May 27-29: Bitcoin 2025, Las Vegas
- June 30-July 3: Ethcc, Cannes
- Oct. 1-2: Token2049, Singapore
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