Goshen Proposes Integrating Ethereum Virtual Machine Into Bitcoin Network for Improved Smart Contract Capabilities
Goshen's development team has proposed integrating an Ethereum Virtual Machine (EVM) execution layer into the Bitcoin network. This would allow users to interact with EVM smart contracts within the Bitcoin network, resulting in lower dApp transaction fees compared to Ethereum and a more streamlined process of data upload.
SoMo: A Novel Tool for Identifying Insecure Modifiers in Ethereum Smart Contracts
The remarkable tool can help uncover notable security risks linked to custom function modifiers in Ethereum smart contracts
Russian Ethereum Waves founder: suffered a hacker attack last year, resulting in investors losing over $530 million
Waves Labs, the company behind the Waves blockchain, suffered a hack last year that compromised internal data and caused "financial damage," according to founder Aleksandr Ivanov. The hackers broke into Waves' management software system and attempted to extort money from the company. The revelation is the latest twist in the tumultuous saga of Waves, which was once heralded as a "Russian Ethereum" and peaked at a $5.6 billion market cap in April 2022. The network is still reeling from an alleged theft on its lending protocol Vires Finance in April 2022, which cost investors more than $530 million.
Why Ethereum is so dominant — and why it’s not going anywhere
Ethereum's dominance in the DeFi market has decreased from 90% in January 2021 to 49% in April 2022, but it still accounts for two-thirds of the value locked in DeFi. Interest in alternative blockchains has diminished due to rising rates, regulation, and improvements to Ethereum. Ethereum's rollups, or layer 2 blockchains, such as Arbitrum and Optimism, offer users access to Ethereum's security and decentralization at a fraction of the price. Alternative blockchains face a liquidity problem as users prefer native assets and Ethereum's network effects make it more attractive for new users.
Compound Finance Expands to Ethereum's L2 Scaling Solution, Arbitrum, for Cheaper Lending and Borrowing of Cryptocurrencies in DeFi
Compound Finance has announced its expansion onto Arbitrum, an Ethereum L2 scaling solution, with the aim of implementing its services in DeFi. This move will make lending and borrowing inactive cryptocurrencies cheaper.
Puffer Finance has announced that it has secured a grant from the Ethereum Foundation to help decentralize Ethereum’s validator set. The grant will be used to support the open-source project, Secure-Signer
Puffer Finance has announced that it has secured a grant from the Ethereum Foundation to help decentralize Ethereum’s validator set.
Ethereum Blockchain Experiences Finalization Issues Causing Disruptions and Security Concerns
Last week, there were two instances where the Ethereum blockchain experienced temporary loss of block finality, leading to concerns about security. Prysm has released a new version with critical fixes, while developers continue to investigate the cause of the instability. The incident caused delays in deposits onto the Polygon zkEVM chain, but Ethereum developers stress that the network did not go down and the incident helped identify areas for improvement. A post-mortem report is planned for discussion in an upcoming Consensus Layer call.
Solana Sees Spike in Daily Users as Bitcoin and Ethereum Struggle with Congestion and High Fees
The Solana network has experienced a surge in daily active users, reaching its highest number in almost a year, while its major competitors, Bitcoin and Ethereum, have been struggling with network congestion and high transaction fees. Despite this positive trend, the price of SOL, the token that powers the Solana blockchain, has remained stagnant. However, if SOL can break key resistance levels, it could surge higher quickly, making it a good investment for those confident in the broader crypto bull market. Additionally, investors should consider diversifying their holdings by exploring high-risk-high-reward investment strategies, such as investing in crypto presales, which can offer exponential gains to early investors.
Ambition Made to Counteract Ambition: DAO Governance and Bicameralism
Lido's dual governance proposal and what DAOs can learn from constitutional engineering
ChatGPT AI Language Model Predicts Top 5 Cryptocurrencies That Will Survive the Next Decade, Including Bitcoin, Ethereum, BNB, ADA, and Polkadot
Despite many crypto naysayers arguing that most existing projects won't survive, ChatGPT, an AI language model, predicts that Bitcoin, Ethereum, Binance Coin, Cardano, and Polkadot will stand the test of time.
