Cryptocurrency

Hebdo Crypto #203 – Bitcoin and Cryptocurrency Weekly News

08/08 week in a nutshell News about bitcoin and cryptocurrencies is in constant flux. Important information can get lost in the daily flow of information and miss important points. This format exists to remedy that. back toLast week’s news”weekly coding To keep you updated on the current state of cryptocurrency.

The corner that can’t be missed

In order to return the Unmissable du Coin, what could be better than a tutorial from our dear Managing Editor Gregory ? This week, put on your best HackerMan costume to give you a tutorial about it How to deploy a celestia validation node.

Celestia Modular Blockchain

Celestia Network Technical Operation

Celestia It has a very specific structure. Traditionally, the blockchain design model combines a consensus mechanism with the execution of transactions. One of the approaches aimed at improving the scalability of the latter is based on hashing, that is, the hashing of the data that makes up the main chain.

With Celestia, the two layers are separated – consensus and implementation. The role of the consensus mechanism is to ensure that only block data is available. To do this, it uses proofs of data availability. Then off-chain transactions are executed: nodes no longer need to be processed to ensure the validity of the blocks.

Nodes randomly sample small portions of blocks in the chain. It is quite similar to peer-to-peer file sharing (BitTorrent) in that files are split between network nodes.

Once the entire blockchain is sampled, we get the famous proofs for the availability of said data.

Unlike “traditional” blockchains, Celestia is designed to provide evidence of data availability and consensus, not transaction execution. So Celestia relies on a network of light nodes (allowing anyone to deploy a client in minutes) and full archiving and validation nodes (the type of node we’ll learn to deploy in this article).

Check out the full article to continue the tutorial : How to publish the complete Tutorial for Node Celestia.

Crypto news in brief

▶ BlackRock turns into Bitcoin. Thus, the fund has unveiled a trust dedicated to its wealthier clients offering exposure to the king’s crypto-asset.

▶ New CB to spend your cryptocurrency. Payment processor Strike has announced the launch of its bank card in partnership with VISA.

▶ Tornado cash damaged by the US Treasury. The protocol is accused of allowing billions of dollars to be laundered. Since then, the penalties for Tornado Cash, its developers, and its users have doubled.

▶ Tether announces its support for Ethereum in Proof of Stake. Hence, the USDT issuer will not support any fork that aims to hold a Proof of Work on Ethereum.

▶ Ripple Labs is interested in percentage-grade assets. Consequently, the company announced that it wanted to learn more about Celsius and its origins “to see if any of them could be relevant to our business.”

New week, new technical analysis on the currency side.

5 week metrics

➤ September 15he is The date on which the integration update can be published on the Ethereum mainnet. This news comes after the success of its publication on the Goerli Test Network.

➤ 570 thousand dollarshe is Amount stolen from Curve Finance users Via an attack on its DNS server. Fortunately, Binance was able to intercept and freeze 83% of these funds.

➤ 1 billion dollarshe is TVL (total value insured) The second layer is the optimism solution. This makes it the second hottest L2 after Arbitrum.

TVL of optimism.

TVL . optimism.

➤ 31.82 th/secover here Hash history recorded by the Ethereum Classic network. Thus, they meet with renewed interest as the merger approaches. It remains to be seen if this continues after Ethereum moves to Proof of Stake.

The evolution of the ETC hash.
The evolution of the ETC hash.

➤ 79%Regard The decrease in volume recorded by the Tornado Cash Protocol. In turmoil for more than a week, the protocol saw a sharp drop in the number of deposits.

Tweet of the week

Tweet of the week goes to Tweet embed Highlighting the big problem behind the Tornado Cash treatment.

Have a nice week in the Journal du Quin! 

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