The Protocol: Crypto Spring Is Airdrop Season With Tokens From Starknet, LayerZero

The Protocol: Crypto Spring Is Airdrop Season With Tokens From Starknet, LayerZero

Sam Altman, the outgoing and incoming CEO of OpenAI, is known in crypto circles for his other big project, WorldCoin, which features a black mirror-style iris scanning field . The project just released a major detailed update from CoinDesk's Sam Kessler this week. He also managed to get some information from Tiago Sada, the project's technology expert, about the path the project will take to reach potential enterprise users.

We've also reported on Token Airdrop (free money), Jack Dorsey's new Bitcoin wallet Block, and Celestia's market-changing plans to integrate with Polygon's blockchain development suite.

This article appears in the latest edition of Protocol , our weekly newsletter that takes a block-by-block look at the technology behind crypto. Sign up here to get it in your inbox every Wednesday . Also check out our weekly protocol podcast .

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Airdrop Summary. Maybe it was a rally in the crypto market, or maybe it was just the result of long-term efforts, but the sudden flood of blockchain projects confirms plans to issue new tokens. known as "airdrops" As reward potential increases The list includes blue-chip names such as the Ethereum Layer 2 Starknet project, whose foundation has announced plans to "immediately" distribute 1.8 billion STRK tokens. LayerZero , an interoperability protocol that makes it easy to connect different blockchains, announced last week that it plans to release tokens in the first half of 2024 . Solana- based crypto-settlement project Zeto has launched its Zeto token, and according to CoinDesk's Danny Nelson, even small users have received thousands of dollars . Kamino Finance , a decentralized finance or DeFi protocol from Solana, plans to launch a "points program" that could be the basis for future token flights. The Seamless Protocol , a lending and borrowing protocol built on Coinbase's Layer 2 blockchain, issued and distributed SEAM management tokens to users. As the Bankless newsletter says, " Airdrop season is on ."

Also:

  • The future of Solana's Saga phones is "under internal discussion " as sales figures are uncertain.
  • El Salvador Could Win $1B Annually in Bitcoin With 'New Freedom Visas'
  • Howard Lutnick , CEO of Wall Street bond brokerage Cantor Fitzgerald , is a fan of Bitcoin Maxi and Tether .
  • Deloitte uses the Kilt blockchain of the Polkadot ecosystem for digital distribution logistics .
  • The development team of Arbitrum and Horizen proposed the creation of "ApeChain" , a blockchain designed for the ApeCoin community, using Arbitrum technology and ApeCoin as the main token for paying gas bills. Ultimately, the plan is to "expand the usability of $APE across multiple chains, with APIchain acting as a hub."
  • Jack Dorsey's Bitcoin Block Bitcoin Wallet launched in over 95 countries

According to the company, Bitkey includes a mobile app, hardware and a set of recovery tools. (Business Block/Cable)

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Highlights improvements and developments in blockchain technology.

1. Celestia , a so-called data access (DA) solution that aims to provide a cheaper way to verify data from blockchain transactions, announced on Tuesday that it will be an option for blockchain developers to create new layers using Polygon software. Ethereum. 2 networks. This statement has caused outrage on social networks

2. The Nile Foundation announced its new zkEVM Type 1 feature with zkLLVM support, "making it the first zkEVM with automatically generated core components, eliminating the uncertainty of manual schema definition," according to the team; "Nils zkEVM is designed. with security as a key feature enabled by its zkLLVM compiler. ZkLLVM quickly and automatically compiles high-level code (C++ or Rust) into efficient zk-SNARK schemes."

3. Beam , a gaming-focused open source blockchain powered by Merit Circle DAO , will now run immutable zkEVM , Polygon's scalable innovation solution, the team says. "Beam is both an ecosystem and a chain. We want to be independent in the chain. When we started as a subnet in Avalanche , we didn't want to be limited to the Avalanche ecosystem.

4. Decentralized exchange Uniswap, the fifth largest DeFi protocol, has expanded on the basis of the Bitcoin sidechain to foster the world's largest decentralized blockchain finance (DeFi) landscape. Version 3 (v3) of UnisApp has been deployed to Rootstock by GFX Labs , the team behind the Oku trading terminal, according to an email statement shared with CoinDesk on Monday. Uniswap, originally developed for Ethereum, has also been deployed on the Ethereum Layer 2 networks Arbitrum, Optimism and Polygon .

5. First on CoinDesk. Blocknative, the blockchain infrastructure company that laid off workers in October after halting work on a major business project, has released a new tool to examine the "backlog" of pending transactions waiting to be processed on Ethereum. a move that could eventually help Pare reduce instances of block-level manipulation and protect users from frontline bots.

You can find last week's full Protocol Village roster here.

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A typical entry earned Bitcoin miners $148 million

Loyal Protocol readers will remember our riff in last week's issue titled " Bitcoin Censorship or Just Spam Filtering? " The gist of the story is that several Bitcoin scrubbers are trying to keep the oldest and largest block free from non-financial transactions, such as the snippets of text and images that some people "write" to the blockchain through the late-launching Ordinals protocol. year. ... The drama escalated recently when Ocean , a new Bitcoin mining pool backed by Jack Dorsey and co-led by longtime Bitcoin alias (and animator) Luke Dashzer , created software that "filtered" signatures. Bitcoin mining. Sequence number : However, many blockchain users say that few people need to know exactly how to use the Bitcoin blockchain; Let the market decide, they say. Bitcoin miners ultimately decide which transactions will be executed. What is included in the new block of data and what is not will maximize self-interest, i.e. profit. And this raises the possibility that they will continue to add to these bitcoin "titles" because why leave money on the table? The chart below, courtesy of Dune Analytics , shows how many subscription transaction fees have been generated on the Bitcoin blockchain to date: $147.7 million .

Bitcoin miners are paid a fee (in dollars) to write the sequence number. The green vertical line (legend on the left) shows the daily rates paid, while the black line (legend on the right) shows the cumulative rates as of December 2022. ( Dunn Analysis )

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This story originally appeared on CoinDesk

LayerZero Airdrop Potential - How to qualify? (Watch till the end)

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