Welcome to The Protocol, CoinDesk’s weekly summary of significant updates in cryptocurrency technology. This issue covers several vital developments:
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EigenLayer Ready to Introduce Slashing Feature
EigenLayer, known for its restaking capabilities, announced that it will launch its vital slashing feature on April 17. This will enhance the penalization system for operators not adhering to established conditions and reward compliant participants. Originally, slashing was excluded at its launch in 2024, permitting competitive alternatives like Symbiotic to thrive.
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Developments in Layer-2 Bitcoin Solutions
Rootstock is advancing its project that facilitates the construction of layer-2 networks for Bitcoin through BitVMX. Sergio Lerner, the founder, stated that SDKs will be released shortly, enabling developers to create their own Bitcoin layer-2 applications.
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THORChain in North Korea’s Laundering Operations
THORChain has emerged as a crucial platform for North Korea, facilitating the laundering of $1.4 billion from its recent crypto heist. Despite international warnings, the blockchain service continues unimpeded. The implications of this trend raise questions about decentralization within crypto networks.
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Quantum Computing and Bitcoin
A proposal titled Quantum-Resistant Address Migration Protocol (QRAMP) is set to overhaul Bitcoin’s cryptographic structure. It aims to transition BTC from traditional wallets to ones secured with post-quantum cryptography, mitigating potential threats from the impending rise of quantum computing. Read more here.
