“Also: Plus: EF Gets New Leadership; Layer-2 Bob and Fireblocks Integrate; New Metamask RoadMap.”, – WRITE: www.coindesk.com
Welcome to the Protocol, Coindesk’s Weekly Wrap-Up of the Most Important Stories in Cryptocurrency Tech Development. I’m margaux nijkerk, The Ethereum Protocol Reporter at Coindesk.
In this Issue:
Ethereum’s Second Buggy ‘PECTRA’ Test Could Lead to A Delayed Upgrade
Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle
Layer-2 Bob’s ‘Bitcoin Defi’ Continues Progress with Fireblocks Integration
Popular Crypto Wallet Metamask Unveils New RoadMap
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 NewsEthereum’s Second Buggy Testnet for Pectra – Delays ?: Ethereum Developers on Wednesday Initial Celebrared A Seemingly Successful Test of Pectra, The BlockCchain’s MOST SIGRASTITIFICATIFICATITITIA Sepolia Test Network. However, Hours After The Test, Sepolia Began to Encounter Errors. IT WAS The Second Buggy Test for the Highly Anticipated pectra Upgrade, WHICH IS Designed to Improve Ethereum’s Efficiency, User Experience, and Validator System. The Issues have Led to Calls from Some Developers that the upgrade be delayed. Wednesday’s Sepolia Test (March 5) was expert to be the Final Step Before Pectra’s Launch on Ethereum’s Mainnet. Initially, The Test Appeared to Succeed, But Later, Developers Noticed Empty Blocks Being Aded to the Chain. The Ethereum Foundation Attributed the Issue to “An Issue with Sepolia’s Permissioned Deposit Contract,” WHICH “PREVENTED Many Execution Layer Clients from Including Transactions in Blocks. In Other Words, The Problem Stemmed From A Misconfiguration Special To The Sepelia Test, Racher Than A Flaw with Pctra Itelf. Despite this, the test had raised concerns about whather pectra have undergone sufficient testing. The Previos Test on Ethereum’s Holesky Testnet Also Ran Into Configuration Issues, that Time Caused by Misconfigured Validtors. – Sam Kessler Read More.
Ethereum Foundation Picks New Co-Executive Directors: The Ethereum Foundation (EF), The Non-Profit Organization That Supports The Development and Research of Theater, the Etheum Blockchain, Shara Referent. Hsiao-Wei Wang and Tomasz Stańczak as Their New Co-Executive Directors. The News Follows the Departure of Aya Miyaguchi to Become The Ef’s New President. The Leadership Shake-Up Follows Intense Debate Among the Community About the Ef’s Role in the EcoSystem, As Some Have Blow The Organization and Its Leadership for The BlockCchain’s Tote. Cryptocurrencies, While the Blockchain Attracked for the First Time Less New Developers than it is COMPETITOR SOLANA. Also, Ex-EF Researcher Danny Ryan Shared that Hu Wuld be joining Etherealize, The New Project Aimed at Bringing Eth to Wall Street. – Margaux Nijkerk Read More.
Bitcoin Layer-2 Bob and Fireblocks Integrate: Ehybrid Layer-2 Network Bob’s Mission to Make Bitcoin The Center of the Decentralized Finance FIRM FIREBLOKS. The integration means the over 2.000 entities using Fireblocks Will Get Access to Bob’s Defi Ecosystom, WHICH HAS TOTAL VALUE LOCKED (TVL) OF AROUND $ 250 MILLION. Bob’s Network, accounting to an Announcement Shared with Coindesk. – Jamie Crawley Read More.
Popular Crypto Wallet Metamask Unveils New RoadMap: Metamask, The Popular Self-Custodial Crypto Wallet for the Ethereum (Eth) Network, Shared a Flurry of Announcement ITS Wallet’s User Experience. Part of Metamask’s Revamped Roadmap Includes Adding Smart Contract Capabilites to It Current Wallet. At the moment, Metamask is an external Owned Account (EOA), A Type of Wallet That Is Controlled by a Public and A Private Key. One of the Main DownFalls with eoas is that it is subject to Human Error, Meaning if You Forget Your Private Key, You Lose Your Crypto Holdings in that Account Forever. The Other Type of Wallet That Exists on Ethereum Are Contract Accounts (CAS), Who Controlled By Code and Have Recovery Mechanisms In Place and Security, Trace. In a Blog Post Shared Dringing Ethdenver, The Largest North American Ethereican Ethereum Conference, The Metamask Team Sayid “Smart-CONTRACT-BASED Accounts ALLOW US TO SOLVER OFFLETMS: A NUMBER OF CROBLETHUSHFUNTHFUNTSFUNTSED Assets You Hold, While Simultaneously Improving Security. WHEN THE User DEFINES Their Terms from Their Own ProgramMable Account, We Greatly Expand How The User Expresses Their Agency in Ways That Are Enforced by Their Own Code. ” One of Those New Features Aimed at Making the User Experience on Metamask Easier Include ERC-5792, Which Builds on It Current Feature, Smart Transactions. Under ERC-5792, or KNOWN As Batchad Transactions, USers Can Combine Certain Steps WHEN IT METS TO SIGNING OFF TRANSACTIONS Those Steps Together. – Margaux Nijkerk Read More.
In Other NewsTrading Titan Jump is Regrouping Its US Crypto Efforts, Insiders Say
While Jump Has Maintained It Digital Assets Trading and Market-Making Activity in Other Parts of the Globe, Crypto Trading Volume is Now Accelection Globally, Accounting F. Ian Allison and Will Canny Report.
David Sacks Quietly Diested from Crypto Company at Center of Conflict of Interest Controversy
Sacks’ Venture Firm, Craft Ventures, Exited ITS BITWISE Position Ahead of the New Administration, Accounting To Aurce Close to the Sity. Sam Kessler Reports.
Regulatory and Policy
Executives from a wide array of Crypto Companies, Including Coinbase, Chainlink and Exodus, Will RepreSent the Industry Friday at US President Donald Trump Jesse Hamilton, Cheyenne Ligon, Nik De, and Christine Lee Report.
CalendarMarch 18-20: Digital Asset Summit, New York
April 8-10: Paris Blockchain Week
April 30-May 1: Token 2049, Dubai
May 14-16: Consensus, Toronto
May 27-29: Bitcoin 2025, Las Vegas
June 30-July 3: Ethcc, Cannes
Oct. 1-2: Token2049, Singapore