The Protocol: Solana To Get Major Design Overhaul

1 day ago

Welcome to The Protocol, CoinDesk's play wrap-up of the astir important stories successful cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol newsman connected CoinDesk’s Tech team.

In this issue:

Solana To Get Major Design Overhaul
Proposal For New Ethereum Nodes to Make Them Easier to Run
World Network’s $135 Million Token Sale
Solana Seeker Mobile Coming Early August

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Network news

SOLANA TO GET MAJOR DESIGN OVERHAUL: Solana developers are readying what could beryllium the blockchain’s astir ambitious halfway upgrade to day — 1 that replaces its existent exertion stack with a redesigned statement protocol built for near-instant finality and responsiveness. The caller system, called Alpenglow, was unveiled connected Monday by infrastructure steadfast Anza, a Solana Labs spinout. It proposes replacing Proof of History — Solana’s famously unsocial “pre-recorded clock” strategy — and Tower BFT, its existing voting mechanics for reaching consensus. — Shaurya Malwa Read more.

PROPOSAL FOR NEW ETHEREUM NODES TO MAKE THEM EASIER TO RUN: Ethereum co-founder Vitalik Buterin has projected a caller plan to trim the hardware load for moving a web node, framing it arsenic a measurement toward a afloat decentralized web that doesn’t necessitate blase infrastructure to assistance maintain. In a blog post, Buterin introduced the conception of “partially stateless nodes,” allowing users to store lone a subset of Ethereum’s data, alternatively than the full blockchain that clocks successful astatine implicit 1.3 terabytes (TB).— Shaurya Malwa Read more.

WORLD $135M TOKEN SALE TO A16Z, BAIN CAPITAL CRYPTO: Sam Altman’s blockchain task World Network has raised $135 cardinal successful a backstage token merchantability of its WLD token. The merchantability was to task superior giants a16z and Bain Capital Crypto and volition beryllium utilized to money web expansion. The backing comes arsenic the radical down the blockchain announced the project's in-app functionalities arsenic good arsenic the WLD token person go disposable arsenic of earlier this period to U.S. users. — Margaux Nijkerk Read more.

Solana Labs' mobile squad plans to ship its Seeker telephone starting Aug. 4, successful summation to sharing caller accusation astir immoderate of its infrastructure model arsenic good arsenic a caller SKR token for its mobile users. The quality comes arsenic the caller iteration of Solana’s mobile has been successful the works for months, with implicit 150,000 units truthful far, according to a property release. Seeker was introduced aft the phone's archetypal model, Saga, was originally having a hard clip selling, creating immoderate uncertainty for its future. But Saga did eventually merchantability out aft crypto users realized they could cod definite token airdrops.

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In Other News

Movement Labs, the scandal-plagued crypto startup backed by Donald Trump’s World Liberty Financial, softly promised ample stakes of its token to aboriginal insiders—undisclosed deals that present rise caller questions astir who truly holds powerfulness down the scenes. Even earlier its token launch, Movement Labs committed ample portions of MOVE’s proviso to a fistful of aboriginal advisers — arrangements that were ne'er disclosed to investors and lone surfaced done interior documents reviewed by CoinDesk. — Sam Kessler Read more.
Bitcoin (BTC) clinched a caller grounds terms of $109,400, surpassing the highest successful January astir Donald Trump's inauguration. According to the CoinDesk Bitcoin Index, the largest and oldest cryptocurrency deed $109,486 connected Wednesday during the aboriginal U.S. session. BTC has present surged much than 46% from its April trough induced by mounting fears implicit planetary commercialized warfare and U.S. tariffs. — Kristzian Sandor Read more.

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Regulatory and Policy

The U.S. Senate voted to determination up connected stablecoin authorities Monday night, removing a procedural obstruction to yet passing the measure retired of the assemblage entirely. Senators easy cleared the 60-vote threshold for the vote, which is intended to conscionable determination the authorities to a play of further statement earlier a last ballot bid to walk it retired of the Senate.— Jesse Hamilton Read more.

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