#network

ENS Labs has proposed expanding the Ethereum Name Service (ENS) protocol to a public Ethereum Layer 2 blockchain or creating its own network as part of the next project version, ENSv2. The developers believe this will enhance scalability and lower user costs.

Solana’s developers have shed light on the root causes of the network's recent congestion issues. High system load is a primary factor, yet there are other factors as well.

Over 75% of non-vote Solana transactions are failing. This problem seems to stem from the recent influx of new meme coins, as acknowledged by several project supporters. They point out that the bulk of these failed transactions are generated by regular arbitrage spam bots.

The NEAR Foundation, the entity behind the NEAR blockchain, has unveiled a new feature that allows for the management of transactions across different blockchains directly from the NEAR app. This innovation, made possible through a decentralized multi-party computation (MPC) network, enables users to manage multiple wallets under a single account.

Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase.

Taiko has officially launched its L2 network on the mainnet. Taiko is an Ethereum-equivalent, EVM-compatible L2 blockchain utilizing ZK-rollup technology.

On April 20th, at 0:09 UTC, the Bitcoin network reached a new milestone with the completion of its fourth halving at block 840,000, reducing the mining reward from 6.25 BTC to 3.125 BTC per block.