Examining Ethereum's Future: Developers Suggest Transitioning From EVM to RISC-V
A significant proposal for Ethereum's architecture has emerged, suggesting a major shift from the current execution model to an advanced open-source framework.
Welcome to The Protocol
This is CoinDesk’s weekly summary of the key happenings in cryptocurrency technology.
In this edition:
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Replacing the EVM with RISC-V: Vitalik Buterin proposed a revolutionary transition from Ethereum’s current Execution Model, the EVM, to RISC-V, known for its efficiency and built-in encryption. He expects this change to tackle performance bottlenecks effectively.
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Matter Labs Faces Legal Action: Matter Labs is facing a lawsuit from BANKEX, which alleges intellectual property theft by its former employees. This follows claims that they misused BANKEX’s technology to establish Matter Labs, which is now a significant player in blockchain.
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Scroll’s Upgrade Leads to Decentralization: The completion of the Euclid upgrade marks an important step for the Scroll network, as it shifts toward greater decentralization.
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Introduction of Slashing Feature at EigenLayer: The long-awaited slashing system goes live, aimed at promoting integrity among restakers by penalizing dishonest actions.
In Other News
- MSTR stock has experienced notable trading failures, affecting those betting against its performance.
- Bitcoin has reached the status of the fifth-largest asset globally, overtaking major corporations like Google.
Regulatory and Policy Highlights
- Paul Atkins has been appointed as the new chairman of the U.S. SEC, succeeding Gary Gensler, a figure often criticized by the cryptocurrency community.
- A recent report indicates slower-than-expected growth in crypto fundraising under the new administration.
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