EigenLayer, a restaking protocol, is finally introducing its long-awaited slashing feature on April 17, providing Actively Validated Services (AVSs) with the ability to penalize operators who fail to meet pre-established conditions and reward those who do.
After months of anticipation, EigenLayer, a restaking protocol, is finally introducing its long-awaited slashing feature on April 17. This marks the protocol’s first ‘feature-complete’ version, providing Actively Validated Services (AVSs) with the ability to penalize operators who fail to meet pre-established conditions and reward those who do.
Slashing: A Key Feature of EigenLayer
EigenLayer was one of the first protocols to pioneer the concept of restaking, allowing Ethereum users to secure additional protocols beyond the base layer by recommitting their staked Ether. ‘Slashing was a core part of this system,’ providing apps with a way to punish bad actors by seizing a portion of their capital.
However, when EigenLayer launched in 2024, slashing was not included, leaving room for competitors to gain market share. Symbiotic, which allows for the restaking of any asset, has been used by EigenLayer early adopters, including Hyperlane and Ethena.
RootstockLabs Prepares to Release SDKs for Bitcoin Layer 2s
One of the oldest Bitcoin ecosystem projects is moving to the next stage of enabling developers to build layer-2 networks using its computational layer. RootstockLabs is weeks away from releasing software development kits (SDKs), allowing developers to start producing their own Bitcoin layer-2s using BitVMX.
Rootstock Labs is a blockchain development company that focuses on creating scalable and secure blockchain solutions.
Founded in 2017, the company has made significant contributions to the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs).
Rootstock's flagship project, rSK, enables Bitcoin to interact with smart contracts, expanding its use cases beyond traditional payments.
With a strong focus on community-driven development, Rootstock Labs continues to innovate in the blockchain space.
BitVMX is a modified version of the ‘BitVM programming language,’ and SDKs are sets of tools enabling third-parties to build applications using a particular platform or framework. Sergio Lerner, founder of RootstockLabs, said that his team is ‘very close to having all the pieces ready for people to start building their own solutions on top of BitVMX.‘
North Korea‘s Favorite Crypto Laundering Tool: THORChain
THORChain has become central to North Korea’s laundering operations after a $1.4 billion crypto heist in February. The network, which is used to swap crypto, has refused to block transactions linked to the heist despite requests from the FBI and other government agencies.
ThorChain is a decentralized liquidity network that enables the transfer of assets between different blockchain platforms.
It utilizes a novel consensus mechanism called 'Proof-of-Stake and Vote' (PoSV) to secure its network.
This allows for fast and efficient cross-chain transactions, reducing the need for intermediaries and increasing the overall speed of asset transfers.
ThorChain's architecture is designed to be highly scalable and secure, making it an attractive solution for decentralized finance (DeFi) applications.
According to estimates, THORChain‘s major wallet developers and validators have earned over $12 million in fees connected to the heist. This raises questions about whether the network should be treated differently than other blockchain services used for money laundering.
Bitcoin Could Be Headed for Its Most Sweeping Cryptographic Overhaul Yet
A new proposal, titled Quantum-Resistant Address Migration Protocol (QRAMP), has been introduced by developer Agustin Cruz. The proposal outlines a plan to enforce a network-wide migration of BTC from legacy wallets to ones secured by post-quantum cryptography.
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries.
It was created in 2009 by an anonymous individual or group using the pseudonym 'Satoshi Nakamoto'.
Bitcoin uses cryptography to secure and verify transactions, with a decentralized network of computers working together to record all transactions on a public ledger called the blockchain.
Quantum computing involves moving away from a process reliant on binary code and exponentially increasing computing power by employing Quantum bits (qubits) that exist in multiple states simultaneously. If the proposal gains traction, it could be the most sweeping cryptographic overhaul yet for Bitcoin.
- coindesk.com | The Protocol: EigenLayer Ready to Launch Missing Feature
