In the latest CoinDesk wrap-up, several significant developments in the cryptocurrency tech space are discussed. A key focus is on Ethereum's adoption of binary large objects (blobs), enhancing layer-2 scaling for quicker, cheaper transactions. The Dencun upgrade allows blobs to be temporarily attached to transactions, boosting off-chain processing for protocols like BASE and Arbitrum. Furthermore, BitcoinOS has successfully executed the first trustless bridge transaction, enabling Bitcoin to flow to the Merlin Chain, a layer-2 network using zero-knowledge cryptography. Other highlights include Starknet's introduction of staking for token holders, allowing users to earn rewards by validating transactions, and Avalanche's substantial upgrade aimed at inviting developers to build on its platform. Sui Network experienced a brief outage due to a bug, and the community is debating the long-term implications of Justin Drake's Ethereum upgrade proposal on layer-2 networks.

Source 🔗