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The German state of Saxony's government's offloading of Bitcoin seized from a movie piracy website continues, with an additional 1,127 BTC transferred to exchanges on Wednesday. This brings the total sell volume to over $340 million. The state still holds over $1 billion in confiscated BTC. It is expected to continue selling, despite some criticism from government officials.
Electric Capital's Crypto Market Map tracks over 1,500 significant crypto projects organized into six tech layers and 137 categories. The map, which shows the rapid growth and specialization of the industry since 2019, highlights core infrastructure, scaling, interoperability, developer tools, protocols, and applications. Despite its comprehensive scope, the map remains in beta. Electric Capital is inviting community contributions for further improvement.
This mechanism of selling block building and execution rights in advance is the latest development in enshrined proposer builder separation for Ethereum. In this model, builders purchase a proposal slot, with the final price dynamically determined by the amount of outstanding purchases. The payment is burned, similar to EIP-1559.
Defi Llama has added support for narrative tracking, giving analysts the average performance per category weighted by market capitalization.
Ethereum maintained its dominance among Layer 1 blockchains in the first half of 2024, while Solana saw a resurgence. Bitcoin enjoyed renewed interest due to Ordinals and Layer 2 solutions. Startups are increasingly focused on infrastructure, DeFi, payment, and AI x crypto products. There has been a noticeable geographic shift toward Asia and Africa due to regulatory challenges in the US.
Uniswap's Permit2 is a novel way to improve UX for ERC-20 token transfers. Instead of approving a transfer to an individual smart contract, users grant a central Permit2 contract transfer authority and then perform a signature-based approval to transfer to specific contracts.
The slot-to-ping (s2p) ratio is the ratio of the block production time to the time it takes for the block to reach other validators. A smaller s2p promotes centralization, as delays in block production times lead to higher returns by allowing producers to include more blocks. block-bits-per-slot-time against propagation/execution bandwidth must also be considered as it considers block data transfers instead of assuming it is always a tiny fraction of the slot time.
Vitalik Buterin is urging the Ethereum network to implement automated responses to potential 51% attacks to reduce the reliance on social consensus and improve the network's resilience. He also highlighted the importance of adopting light clients, ensuring quantum resistance, and simplifying protocols for enhanced security and usability.
A new proposal for the Arbitrum DAO that aims to enhance the predictability of its voting processes by establishing a regular schedule for posting proposals and incorporating a holiday break.
The biggest issue facing NFTs today is not a lack of use cases but the need for better infrastructure, or "rails," to support them.
Bitcoin's security model is broken due to the diminishing effects of the halving on mining rewards and the network's present overpayment for security.
Blockchains provide objective, strict consensus, whereas AGI has more complex, subjective consensus and is therefore better than blockchain.