Week 8/8 in a nutshell News about bitcoin and cryptocurrency is boiling. Important information can get lost in the daily information flow and miss important points. This format is there to remedy that. come back toLast week’s news“Weekly coding To keep you updated on the current status of cryptocurrencies.
The corner that can’t be missed
To bring back the Unmissable du Coin, what could be better than a tutorial from our dear Editorial Director Gregory ? This week, he’s dressed up as the best HackerMan to give you a tutorial on it How to deploy a celestia validation node.
Celestia Network Technical Operation
Celestia It has a very specific structure. Traditionally, the blockchain design model combines consensus mechanism and transaction execution. One of the approaches aimed at improving the scalability of the latter is based on hashing, that is, hashing 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 data availability proofs. Transactions are then executed off-chain: the nodes no longer need to process them to ensure the validity of the blocks.
Nodes randomly sample small portions of the blocks in the chain. It is quite similar to peer-to-peer file sharing (BitTorrent) where files are divided between network nodes.
Once the entire blockchain is sampled, we get the famous proofs of availability of said data.
Unlike “traditional” blockchains, Celestia is designed to provide proof of data availability and consensus, not to execute transactions. Celestia therefore 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 will learn to deploy in this article).
Check out the full article to continue the tutorial : How to post the full Celestia node tutorial.
Crypto news in brief
▶ BlackRock converts to Bitcoin. And so, the fund unveiled a trust dedicated to its wealthiest clients that offers to handle cryptocurrency property assets.
▶ A new CB to spend your cryptocurrencies. Payment processor Strike has announced the launch of its bank card in partnership with VISA.
▶ Tornado Cash was hit 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 users have multiplied.
▶ Tether announces its support for Ethereum in Proof of Stake. Thus, the USDT issuer will not support any fork that aims to hold proof of work on Ethereum.
▶ Ripple Labs interested in percentage assets. Thus, 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 in the currency trading side.
5 metrics a week
➤ September 15thhe is The date on which the merge update can be published on the Ethereum mainnet. This news comes after it was successfully published on the Goerli test network.
➤ 570 thousand dollarshe is The amount stolen from Curve Finance users Via an attack on its own DNS server. Fortunately, Binance managed to intercept and freeze 83% of these funds.
➤ $1 billionhe is TVL (total value insured) From the second layer optimism solution. This makes it the second hottest L2 after Arbitrum.
➤ 31.82 l / secover here Hash history recorded by the Ethereum Classic network. Thus, they are meeting with renewed interest as the merger approaches. It remains to be seen if this will continue after Ethereum transitions to Proof of Stake.
➤ 79%Regard The decrease in the 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 And highlighting the big problem behind the Tornado Cash remedy.
Have a nice week at Journal du Coin! 🙂
Take advantage of the low-cost cryptocurrency buying opportunities that the market offers us! In order not to miss the opportunity of a lifetime, Register quickly on the Binance platformthe gold standard in the industry, and save 10% on your trading fees by following this link (sponsored link)