Coinbase CEO: SEC chairman may be replaced in 2024; company hopes to donate to pro-crypto presidential candidates
Coinbase CEO Brian Armstrong revealed the company’s next step in an exclusive interview with Yahoo Finance. He mentioned that the Coinbase team is working on “flatcoin” (a better form of money created through cryptocurrency that resists censorship and tracks consumption). or prices to maintain purchasing power or close to purchasing power). Armstrong said that although Coinbase has not yet set foot in this area, it is very interested in it. Additionally, Armstrong said there are several ways for the crypto industry to gain more clarity, such as through the courts, Congress and the CFTC. He also hinted that there may be a new SEC chairman in 2024. Armstrong believes that it will definitely help the crypto industry if Gary Gensler no longer serves as SEC chairman. Armstrong also pointed out that cryptocurrency may be a hot topic in the 2024 US election, and Coinbase hopes to donate to presidential candidates who support cryptocurrency.
Linea person in charge: Ethereum EIP-4844 is expected to reduce Rollup costs by more than 90%
Nicolas Liochon, head of zkEVM Linea at Consensys, said in an interview during Korea Blockchain Week that proto-danksharding (also known as Ethereum Improvement Proposal EIP-4844) has the potential to cut Rollup costs by more than 90%. Liochon explained that the transaction cost on Linea is only equivalent to 1/15 of the cost on Ethereum L1, but the rollup cost is still higher. EIP-4844 introduces data blocks that can be sent and appended to Ethereum blocks, where the data stored is inaccessible to the Ethereum Virtual Machine (EVM) and set to be deleted after a specified period of time. This innovation is expected to significantly reduce transaction costs and solve the core problem of data availability, which accounts for 95% of Rollup costs. Liochon emphasized that Linea’s Prover is responsible for off-chain calculation, verification, bundling, and generation of cryptographic proofs of combined transactions, which account for only 20% of the total cost. In addition, Linea hopes to be a versatile zkRollup for various DApps and solutions in the Ethereum ecosystem to meet the needs of DeFi, gaming, and social applications. It is reported that the Ethereum Foundation has not yet announced the specific release date of proto-danksharding, and related development and testing work is still underway.
https://cointelegraph.com/news/ethereum-proto-danksharding-to-make-rollups-10x-cheaper
ParaSpace: The first batch of 200 ParaX Medals will be airdropped on September 9th for the first 200 accounts migrated to ParaX
NFT lending agreement ParaSpace posted on the X platform that the first batch of 200 ParaX medals will be airdropped to the first 200 accounts migrated to ParaX at 10:00 on September 9, Beijing time. The total number of NFTs for users who migrated to ParaX is 2,000, including these 200 NFTs. ParaSpace will provide 1,000 NFTs (snapshots completed) to the top 1,000 users of TVL and BNPL, and users who have not entered the top 1,000 list and still migrate within the first week can get 800 NFTs, first come, first served.
https://twitter.com/ParaSpace_NFT/status/1700169717355532469
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