Overview
This article is part of the latest edition of The Protocol, a weekly newsletter from CoinDesk that delves deep into the technology behind cryptocurrency.
In this issue:
- Upcoming Solana Design Overhaul
- Ethereum’s New Node Proposal
- World Network’s $135 Million Token Sale
- Launch of Solana’s Seeker Mobile
Major Design Overhaul for Solana
Solana developers are preparing for possibly the most notable core upgrade so far, aimed at replacing their current technology stack with a redesigned consensus protocol intended for near-instant finality. The new framework, named Alpenglow, was introduced recently by Anza, a spin-off of Solana Labs. This new approach seeks to move away from Solana’s unique Proof of History and Tower BFT voting mechanisms.
Read more here.
New Proposal for Ethereum Nodes
Ethereum co-founder Vitalik Buterin has put forward a proposal to ease the hardware demands for operating network nodes. This design, dubbed ‘partially stateless nodes,’ allows users to store only part of Ethereum’s data, which is particularly relevant given the large size of the full blockchain.
Discover more details here.
$135 Million Token Sale by World Network
Sam Altman’s blockchain initiative, the World Network, successfully secured $135 million from a private sale of its WLD tokens, aimed at supporting the network’s future growth. This capital raising comes after the platform’s functionalities and WLD tokens were recently made available to users in the United States.
Find the full story here.
Launching of Solana’s Seeker Phone
Solana Labs has announced plans to ship its Seeker phone beginning August 4, which complements the rollout of new details about its framework as well as introducing a new SKR token for mobile users.
In Other News
- Movement Labs, linked to Donald Trump’s World Liberty Financial, faces scrutiny due to undisclosed dealings with its early insiders.
- Bitcoin (BTC) reaches a new high of $109,400, surpassing previous peaks and continuing its upward trajectory.
Regulatory Update
- U.S. Senate advances stablecoin legislation, paving the way for further discussion and potential passing.
For further updates, keep reading The Protocol newsletter every Wednesday.
