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Unlocking Blockchain Speed: A Conversation with Austin Federa on DoubleZero
As the blockchain ecosystem evolves, the importance of efficient infrastructure for nodes has become a strategic necessity. Austin Federa, former Head of Strategy at the Solana Foundation, is pioneering this effort with DoubleZero, a protocol designed to revolutionize blockchain communication and scalability. In an in-depth conversation with CoinDesk, Federa discussed the motivations behind Doubl…
Aug. 30, 2025, 1 p.m.
Tech
Solana Aims for Near-Instant Transaction Finality with Alpenglow Upgrade
The Solana development team is proposing a significant overhaul of the consensus mechanism through the Alpenglow proposal, which is currently under vote by validators. As of Thursday morning, over 10% of validators have expressed support for the upgrade, with the majority yet to cast their votes. If approved, the upgrade will replace the existing Proof-of-History and TowerBFT consensus mechanisms…
Aug. 28, 2025, 10:11 a.m.
Tech
New Challenges Emerge for Bitcoin Mining as Energy Costs Cut Into Profits
Welcome to The Protocol, your weekly cryptocurrency tech development update from CoinDesk. I'm Margaux Nijkerk, a CoinDesk reporter. This issue covers key stories in the crypto space, including the evolving bitcoin mining landscape and the rise of liquid staking. Bitcoin mining executives recently discussed the industry's shift at the SALT conference in Jackson Hole, highlighting the need for div…
Aug. 27, 2025, 4:48 p.m.
Tech
Symbiotic Introduces External Rewards to Enhance Collaborative Security
In a significant move to bolster shared security, Symbiotic, a pioneering universal staking protocol, has unveiled External Rewards. This groundbreaking feature allows networks to offer bespoke token-based incentives to stakers and node operators, thereby strengthening the overall security framework. Introduced on Wednesday, External Rewards marks a major milestone in Symbiotic's quest to establi…
Aug. 27, 2025, 2 p.m.
Tech
Hemi Labs Secures $15M in Funding to Enhance Bitcoin's Programmability
Hemi Labs, a Bitcoin network founded by Jeff Garzik, has successfully raised $15 million to drive development and expand its ecosystem. The funding round included notable investors such as YZi Labs, Republic Digital, HyperChain Capital, Breyer Capital, Big Brain Holdings, and Crypto.com. According to the company's announcement, the funds will be utilized to support borrowing, lending, and trading…
Aug. 27, 2025, 11:55 a.m.
Tech
Bitcoin Mining Confronts a Challenging Market as Energy Becomes the Key Currency
In Jackson Hole, Wyoming, bitcoin mining executives revealed that the industry's traditional four-year halving cycle is no longer the defining factor. The rise of exchange-traded funds, increasing power demand, and the potential of artificial intelligence to reshape infrastructure needs have led miners to diversify or risk being left behind. According to Matt Schultz, CEO of Cleanspark, the focus…
Aug. 24, 2025, 2 p.m.
Tech
Optimism Partners with Flashbots to Enhance OP Stack Transaction Processing
In a bid to revolutionize transaction processing across its OP Stack ecosystem, Optimism has joined forces with Flashbots, aiming to significantly enhance the speed and customizability of some of Ethereum's most prominent layer-2 networks. The partnership zeroes in on sequencing, a behind-the-scenes mechanism that dictates how quickly transactions are confirmed, which trades receive priority, and…
Aug. 21, 2025, 1 p.m.
Tech
SoFi Technologies Partners with Lightspark to Introduce Bitcoin Lightning Network for Remittances
Welcome to CoinDesk's weekly cryptocurrency tech development update, presented by Margaux Nijkerk and Jamie Crawley. This issue features key network news, including SoFi Technologies' partnership with Lightspark to utilize the Bitcoin Lightning Network for real-time international money transfers. SoFi's remittance service, expected to launch later this year, will enable users to send U.S. dollars…
Aug. 20, 2025, 4:49 p.m.
Tech
Hyperbeat Receives $5.2M Investment from ether.Fi and Electric Capital
Hyperbeat, the driving force behind yield infrastructure on the Hyperliquid decentralized exchange, has successfully completed a $5.2 million seed funding round, co-led by prominent investors ether.fi Ventures and Electric Capital. This investment will be channeled into developing yield infrastructure for traders, protocols, and institutions operating within the Hyperliquid ecosystem. The funding…
Aug. 15, 2025, 1 p.m.
Tech
Ethereum Sees Surge in Transaction Volume Amid Rising Prices and Lower DeFi Costs
Ethereum's daily transaction count has been on a consistent upward trend, nearing its all-time high of 1.9 million transactions per day achieved in January 2024. This surge has garnered attention from both individual traders and institutional observers, reflecting a blend of technical advancements, positive market sentiment, and renewed interest in on-chain activities. Data from Etherscan indicat…
Aug. 11, 2025, 6:41 p.m.