
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the key stories in cryptocurrency tech development.
Highlights from the issue:
- Berachain’s New Bectra Upgrade: Berachain has launched its Bectra hard fork, striving to become the first non-Ethereum Layer-1 blockchain to implement Ethereum’s latest execution-layer features. This upgrade will enhance user and developer interactions across over 100 applications on their platform.
- Ethereum Foundation Layoffs: The Ethereum Foundation is undergoing a restructuring, leading to the dismissal of some staff members in its R&D team. This decision is aimed at refocusing the foundation on critical protocol design challenges.
- Elon Musk’s XChat Launch: Amidst excitement, tech experts have expressed skepticism over Musk’s latest app, XChat, which promises ‘Bitcoin-style’ security features. Many in the tech community believe the app fails to deliver on its promises.
- BitoPro Exchange Hacked: Reports suggest that Taiwanese exchange BitoPro suffered a major security breach, losing approximately $11 million in various tokens.
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