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The Future of Ethereum: Could RISC-V Replace the EVM?
Get the latest insights on cryptocurrency tech development in The Protocol, CoinDesk's weekly newsletter. This issue explores Ethereum co-founder Vitalik Buterin's proposal to replace the Ethereum Virtual Machine with RISC-V, a move that could improve efficiency and simplicity. Also, Matter Labs is sued for alleged intellectual property theft, Scroll launches its Euclid upgrade, and EigenLayer in…
April 23, 2025, 8:49 p.m.
Tech
Citrea Introduces Bitcoin Rollup Bridge to Address DeFi Collateral Limitations
A pioneering project focused on enhancing Bitcoin's capabilities is addressing the collateral constraints associated with bridging the blockchain to programmable layer 2 solutions. Citrea's deployment of the Clementine Bridge on the Bitcoin testnet leverages the BitVM2 programming language to facilitate decentralized finance (DeFi) on Bitcoin, enabling verification of fully programmable layer 2s …
April 23, 2025, 4:25 p.m.
Tech
Symbiotic Secures $29M in Funding Led by Pantera to Expand Its Staking Capabilities
Symbiotic, a restaking protocol designed to rival EigenLayer, has announced the successful completion of a $29 million Series A funding round. The funding, led by Pantera Capital and participated in by Coinbase Ventures and over 100 angel investors, will be utilized to expand the current team and contribute to the development of the protocol's Universal Staking framework. This expansion will enab…
April 23, 2025, 1 p.m.
Tech
Scroll's Layer 2 Network Achieves Major Milestone with Euclid Upgrade Amid Record Low TVL
Scroll, an Ethereum layer-2 network, has announced the launch of its Euclid upgrade, which marks a significant transformation in the protocol's history. According to Scroll Labs, this upgrade transitions Scroll from a "stage 0" to a "stage 1" rollup, allowing the network to retire some centrally-controlled safety features and become more decentralized. The Scroll team described Euclid as the "big…
April 23, 2025, 1 p.m.
Tech
Matter Labs Faces Lawsuit Over Allegations of Intellectual Property Misappropriation
Matter Labs, the developer of the layer-2 blockchain platform ZKSync, is being sued by BANKEX, a former digital asset banking platform, over allegations of intellectual property theft. The lawsuit, filed with the New York State Supreme Court, claims that two former BANKEX employees, Alexandr Vlasov and Petr Korolev, misappropriated the company's technology to establish Matter Labs, which has sinc…
April 22, 2025, 2:56 p.m.
Tech
Vitalik Buterin Suggests Replacing Ethereum's EVM with RISC-V for Enhanced Efficiency
Ethereum's co-founder, Vitalik Buterin, has put forth a radical proposal to revamp the framework underlying the network's smart contracts. Buterin's idea, shared on the primary developer forum, involves substituting the Ethereum Virtual Machine with RISC-V, a popular open-source framework known for its built-in encryption and other advantages. The EVM is a crucial component of Ethereum's design, …
April 21, 2025, 6:32 p.m.
Tech
Could 'Based Rollups' Be the Answer to Ethereum's Layer-2 Conundrum?
The Ethereum community has been embroiled in controversy over the past few weeks, with members warning that the chain will lose its competitive edge unless it resolves some fundamental design issues. A key area of concern has been the fragmentation of layer-2 networks. In recent years, Ethereum has embraced a layer-2 scaling roadmap, which has led to the development of numerous third-party auxili…
Feb. 12, 2025, 3:10 p.m.
Tech
Wall Street's Newest Ethereum Ambassador: A Conversation with Vivek Raman
The Ethereum network is currently facing a crisis of identity, with its native cryptocurrency, ether, underperforming compared to its competitors. Meanwhile, its community is questioning whether the technology is falling behind and if the community is losing focus. The Ethereum Foundation, which oversees the development of Ethereum, has been criticized for the network's struggles, and co-founder …
Feb. 4, 2025, 5:30 p.m.
Tech
UBS Explores ZKSync's Layer-2 Technology to Enhance Crypto Capabilities
UBS, a leading Swiss bank, has successfully completed a proof-of-concept for its Key4 Gold offering on the Ethereum-based layer-2 network ZKSync. This trial, conducted on a test network, highlights the bank's ongoing exploration of blockchain technology. UBS has previously experimented with blockchain, including the launch of a tokenized money market investment fund, uMint, built on Ethereum. The…
Jan. 31, 2025, 2 p.m.
Tech
Advancements in Blockchain Technology: Movement Labs Launches Developer Mainnet
Welcome to our weekly cryptocurrency tech development update. This issue covers key network news, including Movement Labs' deployment of a developer mainnet to integrate Facebook's Move Virtual Machine with Ethereum. This launch marks the beginning of Movement's core infrastructure deployment, allowing selected partners to implement decentralized finance protocols. The Move Virtual Machine was in…
Jan. 29, 2025, 9:59 p.m.