The week of 08/08 in short – Bitcoin and cryptocurrency news is constantly boiling. It can happen that crucial information gets lost in the daily flow of information and that important points are missed. This format is there to remedy. Let’s go back tonews last week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
The unmissable corner
For the return of the Unmissable du Coin, what’s better than a tutorial from our dear editorial director Gregory ? This week she donned her best HackerMan costume to give you a tutorial how to deploy a celestia validator node.
THE TECHNICAL OPERATION OF THE CELESTIA NETWORK
Celestia has a very specific architecture. Traditionally, the blockchain design model couples the consensus mechanism and the execution of transactions. One of the approaches aimed at improving the scalability of the latter is based on sharding, or the fragmentation of the data that make up the main chain.
With Celestia, the two levels – consent and execution – are separate. The role of the consent mechanism is only to ensure that block data is available. To do this, it uses data availability tests. The transactions are then performed off-chain: the nodes no longer have to process them to ensure the validity of the blocks.
The nodes randomly sample small portions of the blocks in the chain. It is quite similar to peer-to-peer (BitTorrent) file sharing where files are split between network nodes.
Once the blockchain is fully sampled, we get the famous evidence of availability of said data.
Unlike “traditional” blockchains, Celestia is designed to provide evidence of data availability and consent, not transaction execution. Celestia therefore relies on a network of lightweight nodes (allowing anyone to deploy a client in minutes) and full validation and storage nodes (the type of node we will learn to deploy in this article).
See the full article to continue the tutorial : Complete tutorial on how to deploy a Celestia node.
Cryptocurrency News in Brief
▶ BlackRock becomes Bitcoin. Therefore, the fund has unveiled a fund reserved for its wealthiest clients that offers exposure to the leading asset of cryptocurrencies.
▶ A new CB to spend your cryptocurrencies. Payment processor Strike has announced the launch of its credit card in partnership with VISA.
▶ Tornado Cash damaged by the US Treasury. It accuses the protocol of allowing the laundering of billions of dollars. Since then, the penalties against Tornado Cash, its developers and users have multiplied.
▶ Tether announces support for Ethereum in Proof of Stake. Therefore, the USDT issuer will not support any fork that aims to maintain Proof of Work on Ethereum.
▶ Ripple Labs interested in Celsius activities. Therefore, the company announced that it would like to learn more about Celsius and its assets to “know if any of them could be relevant to our business”.
▶ New week, new technical analysis on the Coin Trading side.
The 5 metrics of the week
➤ September 15is the date on which the Merge update could be deployed on the main Ethereum network. This news follows the success of its distribution on the Goerli test network.
➤ $ 570,000this is the amount that was stolen from Curve Finance users through an attack on its DNS server. Fortunately, 83% of these funds were able to be intercepted and frozen by Binance.
➤ 1 billion dollarsis TVL (total value locked) of the second layer solution Optimism. This makes it the second hottest L2 after Arbitrum.
➤ 31.82 sit’s here hashrate record registered by the Ethereum Classic network. Therefore, it is meeting with renewed interest as the merger approaches. Whether this will continue after Ethereum’s move to Proof of Stake remains to be seen.
➤ 79%it concerns the decrease in volumes recorded by the Tornado Cash protocol. In turmoil for more than a week, the protocol has seen the number of deposits plummet.
Tweet of the week
Tweet of the week goes to @screentimes and its highlighting of the big problem behind the Tornado Cash treatment.
Have a good week in the Journal du Coin! 🙂
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