Donald Trump · LayerZero · Ethereum · CoinDesk
The Protocol: Solana’s ‘Alpenglow’ upgrade is live for testing
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Key facts
- RONIN TO TRANSITION TO LAYER-2: Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit in 2022, is officially shedding its sidechain skin on May 12
- We made a mistake by allowing our DVN to act as a 1/1 DVN for high-value transactions,” the company said
- According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC
- LayerZero initially blamed Kelp, arguing the protocol had chosen a risky “1-of-1” configuration in which only a single decentralized verifier network, or DVN, needed to approve cross-chain transfers
Summary
The biggest consensus overhaul in Solana history is officially live for testing. The Ethereum Foundation unveils new "Clear Signing" standard to stop users from approving malicious crypto transactions. "ALPENGLOW" UPGRADE LIVE FOR TESTING ON SOLANA: Solana developer Anza said that Alpenglow, the network’s biggest proposed consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. While the design has helped Solana achieve high throughput and low fees, some have pointed to outages and network instability during periods of heavy demand., Margaux Nijkerk. LAYERZERO APOLOGY FOR KELP DAO INCIDENT: LayerZero said that it “made a mistake” allowing its own verification infrastructure to secure high-value crypto assets in a vulnerable configuration, marking a notable shift in tone after weeks of blaming developer Kelp DAO for a $292 million hack tied to North Korean attackers.