ETH merges on Kiln testnet ahead of its change to proof-of-stake; Vitalik makes sharding-related proposal EIP-4844. Aptos blockchain from ex-Diem members raises $200M. Layer 2 solution Optimism raises $150M at $1.65B valuation.
MAR 22, 2022
Key Takeaways
- Ethereum (ETH) merged on Kiln, its public testnet, ahead of its eventual change to a proof-of-stake (PoS) network. Meanwhile, Ethereum founder Vitalik Buterin introduced EIP-4844, which proposes an upgrade known as Proto-Danksharding. This introduces a new “blob-carrying” transaction type and lays the initial technical groundwork for ETH’s transition to sharding.
- Former members of Meta’s defunct stablecoin project Diem raised USD 200M to build a new layer 1 blockchain called Aptos. The team launched their public Devnet, welcomed developers, and made their codebase open source.
- Layer 2 solution Optimism raised $150M in Series B funding at a $1.65B valuation from Paradigm and Andreessen Horowitz.
- Cronos (CRO) saw a +7.52% increase in total transaction to 23.17M, while its TVL grew to $3.27B (+20.75% week-on-week). The total number of wallet addresses now stands at 460,891, up +4.15% from last week.
Highlights
- Bitcoin mining difficulty drops for second time in March
- Number of Bitcoin holders hits an all-time record at almost 40 million addresses
- Bitmain says new liquid cooling miner is its most power efficient model to date
- Nearly $6 Billion in ETH Burned as Ethereum 2.0 Edges Closer
- Almost 10% of the Total Ethereum Supply Staked in ETH2 Deposit Contract
- LayerZero blog : The omnichain future is here
- LayerZero gears up for launch of cross-chain protocol Stargate
- Equilibrium to become Polkadot’s (DOT) 12th Parachain
- Cardano developers propose increasing Plutus script memory
- Fantom’s FTM token rises 10% on upcoming protocol upgrades
- Stellar Development Foundation launches $30M investment fund
- Mina Foundation raises $92M to accelerate adoption of Zero-Knowledge proofs
Source: Crypto.com
