Solana To Get Major Design Overhaul

Welcome to The Protocol, CoinDesk’s weekly wrap-up of an important tales in cryptocurrency tech growth. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech workforce.

On this subject:

• 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 could possibly be the blockchain’s most formidable core improve up to now — one which replaces its present know-how stack with a redesigned consensus protocol constructed for near-instant finality and responsiveness. The brand new system, referred to 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 operating a community node, framing it as a step towards a completely decentralized community that doesn’t require subtle infrastructure to assist keep. In a weblog publish, Buterin launched the idea of “partially stateless nodes,” permitting customers to retailer solely a subset of Ethereum’s knowledge, somewhat 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 challenge 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 will likely be used to fund community enlargement. The funding comes because the group behind the blockchain introduced the challenge’s in-app functionalities in addition to the WLD token has turn into obtainable as of earlier this month to U.S. customers. — Margaux Nijkerk Learn extra.

Solana Labs’ cell workforce plans to ship its Seeker cellphone 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 items to date, in line with a press launch. Seeker was launched after the cellphone’s first mannequin, Saga, was initially having a tough time promoting, creating some uncertainty for its future. However Saga did ultimately promote out after crypto customers realized they may acquire sure token airdrops.

In Different Information

• Motion Labs, the scandal-plagued crypto startup backed by Donald Trump’s World Liberty Monetary, quietly promised giant stakes of its token to early insiders—undisclosed offers that now increase recent questions on who actually holds energy behind the scenes. Even earlier than its token launch, Motion Labs dedicated giant 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 inner paperwork reviewed by CoinDesk. — Sam Kessler Learn extra.
• Bitcoin (BTC) clinched a recent document value of $109,400, surpassing the height in January round Donald Trump’s inauguration. In response to 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 international commerce warfare and U.S. tariffs. — Kristzian Sandor Learn extra.

Regulatory and Coverage

• The U.S. Senate voted to maneuver forward on stablecoin laws Monday night time, eradicating a procedural barrier to in the end passing the invoice out of the physique fully. Senators simply cleared the 60-vote threshold for the vote, which is meant to simply transfer the laws to a interval of additional debate earlier than a last vote sequence to move it out of the Senate.— Jesse Hamilton Learn extra.

Calendar

• Might 19-23: Solana Speed up, New York Metropolis
• Might 20-22: Avalanche Summit, London
• Might 27-29: Bitcoin 2025, Las Vegas
• Might 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