Welcome to The Protocol, CoinDesk’s weekly wrap-up of a very powerful tales in cryptocurrency tech improvement. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech staff.
On this challenge:
- Solana To Get Main Design Overhaul
- Proposal For New Ethereum Nodes to Make Them Simpler to Run
- World Community’s $135 Million Token Sale
- Solana Seeker Cell Coming Early August
Community information
SOLANA TO GET MAJOR DESIGN OVERHAUL: Solana builders are planning what may very well be the blockchain’s most formidable core improve thus far — one which replaces its present know-how stack with a redesigned consensus protocol constructed for near-instant finality and responsiveness. The brand new system, known as Alpenglow, was unveiled on Monday by infrastructure agency Anza, a Solana Labs spinout. It proposes changing Proof of Historical past — Solana’s famously distinctive “pre-recorded clock” system — and Tower BFT, its current voting mechanism for reaching consensus. — Shaurya Malwa Learn extra.
PROPOSAL FOR NEW ETHEREUM NODES TO MAKE THEM EASIER TO RUN: Ethereum co-founder Vitalik Buterin has proposed a brand new design to cut back the {hardware} burden for working a community node, framing it as a step towards a completely decentralized community that doesn’t require subtle infrastructure to assist preserve. In a weblog publish, Buterin launched the idea of “partially stateless nodes,” permitting customers to retailer solely a subset of Ethereum’s information, moderately than all the blockchain that clocks in at over 1.3 terabytes (TB).— Shaurya Malwa Learn extra.
WORLD $135M TOKEN SALE TO A16Z, BAIN CAPITAL CRYPTO: Sam Altman’s blockchain undertaking World Community has raised $135 million in a non-public token sale of its WLD token. The sale was to enterprise capital giants a16z and Bain Capital Crypto and shall be used to fund community growth. The funding comes because the group behind the blockchain introduced the undertaking’s in-app functionalities in addition to the WLD token has grow to be out there as of earlier this month to U.S. customers. — Margaux Nijkerk Learn extra.
Solana Labs’ cell staff plans to ship its Seeker telephone beginning Aug. 4, along with sharing new details about a few of its infrastructure framework in addition to a brand new SKR token for its cell customers. The information comes as the brand new iteration of Solana’s cell has been within the works for months, with over 150,000 models to date, in accordance with a press launch. Seeker was launched after the telephone’s first mannequin, Saga, was initially having a tough time promoting, creating some uncertainty for its future. However Saga did finally promote out after crypto customers realized they might acquire sure token airdrops.
In Different Information
- Motion Labs, the scandal-plagued crypto startup backed by Donald Trump’s World Liberty Monetary, quietly promised massive stakes of its token to early insiders—undisclosed offers that now elevate contemporary questions on who actually holds energy behind the scenes. Even earlier than its token launch, Motion Labs dedicated massive parts of MOVE’s provide to a handful of early advisers — preparations that have been by no means disclosed to traders and solely surfaced by inside paperwork reviewed by CoinDesk. — Sam Kessler Learn extra.
- Bitcoin (BTC) clinched a contemporary document value of $109,400, surpassing the height in January round Donald Trump’s inauguration. In keeping with the CoinDesk Bitcoin Index, the biggest and oldest cryptocurrency hit $109,486 on Wednesday through the early U.S. session. BTC has now surged greater than 46% from its April trough induced by mounting fears over world commerce conflict and U.S. tariffs. — Kristzian Sandor Learn extra.
Regulatory and Coverage
- The U.S. Senate voted to maneuver forward on stablecoin laws Monday evening, eradicating a procedural barrier to in the end passing the invoice out of the physique totally. Senators simply cleared the 60-vote threshold for the vote, which is meant to only transfer the laws to a interval of additional debate earlier than a closing vote sequence to move it out of the Senate.— Jesse Hamilton Learn extra.
Calendar
- Could 19-23: Solana Speed up, New York Metropolis
- Could 20-22: Avalanche Summit, London
- Could 27-29: Bitcoin 2025, Las Vegas
- Could 27-29: ETHPrague, Prague
- June 8-22: Berlin Blockchain Week, Berlin
- June 30-July 3: EthCC, Cannes
- July 16-18: Web3 Summit, Berlin
- Sept. 22-28: Korea Blockchain Week, Seoul
- Oct. 1-2: Token2049, Singapore
- Dec. 11-13: Solana Breakpoint, Abu Dhabi