Welcome to the protocol, Coindesk summarizes the most important stories in cryptocurrency technology development every week. I’m Ben Schiller, Coindesk’s comments and featured editor.
In this question:
- Can scrolling solve the problem of Ethereum?
- Lido is modular
- Uniswap finally revealed
- Ethereum’s Pectra upgrade is coming soon
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Summary based on rescue: In recent years, Ethereum has adopted a layer 2 zoom roadmap, which encourages the development of third-party auxiliary networks, called “Layer 2 Summary” to help expand the basic Ethereum ecosystem. Offloading activities to these emerging networks helps increase fees and speed up end users, but this leads to a large-scale, deeply decentralized ecosystem at Layer 2. However, while the Layer 2 network sends all data back to Ethereum, they often have difficulty communicating directly with each other, meaning that passing the assets and data between them can become expensive and cumbersome. There is also a risk of centralized sequences: relying on a black box controlled by the company to pass transaction data between blockchain layers. As a result, some Ethereum developers are pushing for aggregation technology that adopts new security and interoperability approaches: “Based on aggregation.” Different based on most existing aggregations, because they change execution responsibilities (such as processing transactions), e.g. Returns the Layereum Layer-1 of Ethereum to process it on a separate Layer 2 network. Sequencer Multiple transactions in batches And submit them to Ethereum for settlement. While sequencers provide efficiency through strategic ordering transactions and generate revenue for aggregate operators, they also introduce a single point of failure. By using Ethereum’s built-in sequencing (a large community of validators), aggregation-based aggregation avoids this vulnerability rather than a single centralized sequencer. Compared to Ethereum itself, optimism, arbitration, foundations, and other rolling rapidly to support larger transaction volumes. According to L2Beatcurrently there are 140 real-time layer 2 networks, but the operational experience between them (more than other data between assets and networks) has become clumsy. As Ethereum becomes larger, Layer 2 networks become more indispensable, improving communication between Layer 2 (in other words, improving “mergerability”), which is more than ever More important. -Margaux Nijkerk Read more.
Lido is modular: The developers behind Lido, the largest enterprise service on Ethereum, propose to transform the Stating platform with a modular “vacancies”. The new framework will introduce Stvaults, a customizable component designed to help Lido accommodate institutions and more complex static strategies. Lido currently allows investors to put together their Ether (ETH) and “equity” encrypted – locking it on the network helps ensure it gets interest. Lido’s groundbreaking liquid evaporation: Users receive a receipt called Lido Staked Eth (Steth) in their deposits, which they can trade at any time. As the liquid is in a stationary state of Lido, entering and exiting the stacking position becomes as simple as buying and selling steth tokens. A press release shared with Coindesk said that Lido V3’s Stvaults is a “modular smart contract designed to meet the diverse and evolving needs of Ethereum participants.” Upgrades will enable the fixed settings to exceed the liquid content of cutting and drying. Specifically, Stvaults will be able to help Stakers who want to personalize their production settings, node operators who want to attract large volumes of Stakers, and asset managers who want to create new stacking use cases. “Using a customizable infrastructure to understand, it’s important that you can make more complex products in general,” said Konstantin Lomashuk, founder of the Lido Staking protocol. -Margaux Nijkerk Read more.
Finally combined: Uniswap Labs is one of the largest decentralized exchanges (DEX), a leading developer of UNISWAP, shared on February 13 that its long-awaited Layer 2 network Unichain is now in existence. Compared to Ethereum’s mainnet, a unified unified stack is provided by an optimistic computing stack, such as other tier 2 on Ethereum, which is faster and cheaper. According to UNISWAP Labs, developers can deploy applications on the web, which are optimized specifically for decentralized finance (DEFI) and are designed to serve as a “home for liquidity across chains.” For Uniswap Labs, the benefits of launching 2 tiers are twofold: it will provide a better experience for users of Uniswap and similar platforms, and it will create new revenue opportunities in the form of network fees. Uniswap Labs representative told Coindesk that “about 20%” of the chain’s revenue will be handed over directly to the company. Unichain has been Tested since October 2024 Summary by UNISWAP Laboratory classification as “Stage 1”, which means it has elements of decentralization, but some centrally controlled safeguards were retained in this early stage. The network is built on the OP stack, Modular framework This allows developers to build interoperable layer 2 chains based on optimistic Optimistic summary technology. Several well-known teams have proposed their own OP stack-based layer 2, including Coinbase’s “according to‘, Kraken’ink,”world”World Chain‘and Sony’soneium. “We anticipate a world of many different use cases where the transaction is a small subset,” Adams told Coindesk in an interview. The UNISWAP team worked with Ethereum research and development company FlashBots, who said it was already on Unichain Created a trusted execution environment (TEE), Unichain is a more sensitive area of security for transactions designed to be a chain of stores that allow for more advanced transactions and more advanced transactions and more optimized for Defi. Faster deal ending. -Margaux Nijkerk Read more.
pectra in April: Ethereum developers have officially set a test date for Pectra, the network’s first upgrade in 11 months, which puts it on track to get a potential release date in April. Pectra will include a range of improvements – with special focus on wallets and validators – but it is in a period of scrutiny of Ethereum, which has recently faced pressure from the community to reinject and catch up with its competitors. Ethereum’s core builders, in its biweekly “All Core Developers” call for a decision Thursday to start testing Pectra on Feb. 26 on Holesky Testnet and follow-up testing on the network’s Sepolia testnet. Successfully, the developer will redetermine when the upgrade will be officially launched on March 6. According to Tim Beiko, head of agreement support for the Ethereum Foundation, developers expect the upgrade to land on Mainnet in early April. Pectra (representing two separate upgrades to Portmanteau, Prague and Electra) includes eight major improvements to the second largest blockchain. The most anticipated thing is EIP-7702, which is what it should be Improve user experience Encrypted wallet. The Ethereum community has been facing an identity crisis over the past few weeks. Its Aboriginal token Ether (ETH) has underperformed, and rival networks such as Solana have attracted the attention and talent of the Ethereum ecosystem, the first ever programmable block to be chain, but still the most. In this controversy – most of which targets the Etheruem Foundation, which coordinates the chain upgrades and is currently experiencing major leadership – developers hope Pectra can help the network stabilize steadily. -Margaux Nijkerk Read more.
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