#network

The recent bug in the Nethermind client software, which resulted in 8% of Ethereum validators being knocked offline, has raised alarms about the network's susceptibility to such flaws. The crux of the problem lies in the fact that most validators rely on the same software.

Social network X recently introduced an account named XPayments, signaling the potential launch of payment services on the platform soon.

Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).

Decentralized social network Friend․tech has moved almost half of its earned fees ($16.6 million) to Coinbase. This move is seen as a response to lackluster user engagement on the platform, which is a key revenue generator.

The Ethereum development team is poised to initiate a test network for the forthcoming Dencun upgrade on January 17, 2024. Anticipated to bring a host of innovations, this upgrade is set to lower transaction fees for second-layer Rollups and enhance scalability.

Friend.Tech, the platform for trading keys (akin to shares) of social network X accounts, has announced the launch of its new version. The announcement, set to the tunes of K-Pop group NewsJeans, indicates that the release is slated for Spring 2024

Analysts from JPMorgan Chase, a major U.S. banking conglomerate, predict that Ethereum could potentially surpass Bitcoin by 2024. They attribute this potential shift to the anticipated EIP-4844 update, which is poised to significantly boost Ethereum's network efficiency and reduce transaction fees.

Concentric, a liquidity management protocol on the Arbitrum network, has suffered an exploit. A social engineering attack on a team member enabled a hacker to access the wallet utilized for smart contract deployments.

Public Goods Network (PGN), a second-layer blockchain initiative backed by Gitcoin, is set to cease operations. The project will progressively scale down over the next half-year, aiming for complete closure by June 2024. This decision comes in the wake of a thorough evaluation of the platform’s performance.

The Dencun upgrade (Cancun-Deneb) has successfully been deployed on the Ethereum Goerli test network, overcoming a minor hiccup. A glitch that caused a four-hour delay was swiftly rectified with a patch.

The Ninjalerts project has successfully inscribed a Super Nintendo Entertainment System (SNES) emulator into the Bitcoin network. This innovative move allows users to play games directly in their browsers using Ordinals explorers or marketplaces.

Blockchain-based game Rebase has declared a strategic alliance with the Avalanche. This collaboration will introduce the project's NFTs to the Avalanche L1 network.

Coinbase's L2 blockchain, Base, and the music platform Sound have declared a partnership. Through this collaboration, artists are enabled to mint their music on the Base network.

The price of the AR token, belonging to the Arweave decentralized data storage platform, fell by 13% amid speculation about a potential hard fork. Sam Williams, the founder of the platform, indicated that data storage solutions provider Irys is contemplating a network reset.

Around 10% of the network fees generated since the project’s launch, approximately 1,600 ETH, will be dedicated to supporting the Starknet ecosystem.