Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round

Avail, an Ethereum Data Network to Rival Celestia, Raises M In Seed Round

Avail Nexus is a “zero-knowledge, proof-based coordination rollup on Avail DA,” meaning that it will operate as an infrastructure layer that connects different rollups through the Avail ecosystem to talk to one another, according to a press release seen by CoinDesk. It will “act as the verification hub, which unifies a wide array of rollups … Read more

Satoshi Anticipated Bitcoin Energy Debate in Email Thread With Early Collaborators

Satoshi Anticipated Bitcoin Energy Debate in Email Thread With Early Collaborators

“If it did grow to consume significant energy, I think it would still be less wasteful than the labour and resource intensive conventional banking activity it would replace,” Satoshi wrote. “The cost would be an order of magnitude less than the billions in banking fees that pay for all those brick-and-mortar buildings, skyscrapers, and junk … Read more

Bitcoin Miner Marathon to Start ‘Slipstream’ to Make Complex BTC Transactions Faster

Bitcoin Miner Marathon to Start ‘Slipstream’ to Make Complex BTC Transactions Faster

“By default, Bitcoin nodes frequently exclude large and non-standard transactions from Bitcoin’s mempool, even if these transactions adhere to the Bitcoin network’s consensus rules,” said Marathon. “As a result, complex Bitcoin transactions are often delayed or unprocessed. To encourage experimentation and development on Bitcoin and to enable and expedite the processing of large or complex … Read more

Starknet’s STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks

Starknet’s STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks

“Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule,” according to StarkWare. “1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be … Read more

Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up

Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up

“AI can be trained to recognize and adapt to new information and context, making it more effective at identifying vulnerabilities that may not be covered by static analysis rules,” a TokenFi developer who wished to stay anonymous told CoinDesk in an interview. TokenFi, a sister project of meme coin Floki, is building an AI-assisted code … Read more

The Protocol: Restaking Tokens Are Exploding, and Restaking Isn’t Even Live

The Protocol: Restaking Tokens Are Exploding, and Restaking Isn’t Even Live

BASE VS. BITCOIN? A series of posts appeared on the social-media platform X complaining that the U.S. crypto exchange Coinbase’s online payment protocol, Coinbase Commerce, didn’t allow payment from self-custody bitcoin (BTC) wallets. CEO Brian Armstrong replied that executives at the company “believe paying with crypto is going to primarily happen on layer 2 in … Read more

Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs. Gauntlet served as a “Risk Steward” for Aave, which involved overseeing the platform’s risk levels, providing regular updates to the Aave community, and manually setting certain lending and borrowing parameters. Morrow said … Read more

Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Bitcoin Zero-Knowledge Rollup Citrea Raises .7M in Seed Funding

“We’re hearing things like Citrea is better than Ethereum,” Chainway Labs co-founder Orkun Mahir Kılıç told CoinDesk. “It’ll be better with time, because there’s like $1 trillion, as of now, sitting in the Bitcoin blockchain. It is the most secure, battle-tested and decentralized blockchain. And we are bringing decentralized finance to it.” SOURCE

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