Ethereum Devs Propose Deposit Contract Overhaul to Quantum-Proof Staking
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Harmony proposes shutting down layer 1, migrating ONE to Ethereum
Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.
Vitalik proposed an "ultra-compact chain" solution: validators submit STARK proofs daily, and state storage is compressed to 6 bytes.
On July 6th, PANews reported that Ethereum co-founder Vitalik Buterin published a proposal titled "The Extremely Lean Chain," demonstrating how to aggressively compress the state requirements of the Ethereum consensus chain within the context of a "Lean" upgrade. This proposal shifts responsibility to validators, who manage and periodically prove their state via ZK, eliminating the per-epoch processing burden and potentially supporting a scale of millions of validators. Core mechanisms include: removing validator public keys from the on-chain state, storing only deposit tree indexes; eliminating real-time reward and penalty processing, with validators generating daily STARKs to prove their participation and update their balances; and completely re-randomizing validator identities daily, achieving strong anonymity through ZK-STARK, with withdrawal addresses only exposed at the time of withdrawal and not publicly associated with deposits or on-chain activity.
F2Pool co-founder Wang Chun deposited 9876 Ethereum into Binance.
According to Foresight News , Onchain Lens monitoring shows that an address identified as Wang Chun, co-founder of F2Pool, has deposited another 9,876 Ethereum, worth approximately $17 million, into Binance.
Hinkal's privacy protocol has suspended affected smart contracts due to abnormal USDC transactions on the Ethereum blockchain.
Odaily Odaily reports that decentralized privacy protocol Hinkal Protocol has announced it has noticed unusual activity involving USDC on the Ethereum network within its system. Currently, this only affects the Ethereum blockchain; other chains are unaffected. As a precaution, affected smart contracts have been suspended, and a comprehensive investigation and analysis of related on-chain transactions and activities is underway. The investigation is ongoing, and updates will be released as information becomes available. Previously, it was reported that Hinkal suffered a loss of $800,000 due to a suspicious USDC transaction.
Vitalik Buterin Pushes Ethereum Plan to Slash Quantum-Safe Privacy Costs
Buterin wants EIP-8288 in I-star, the upgrade after Hegota, and adopting it would make RISC-V Ethereum's canonical instruction set.
While Bitcoin Devs Debate Next Moves, IonQ Unveils Superion 256 Quantum Computer
The company has built its first chips and begun testing prototypes as it seeks to manufacture quantum computers in larger quantities.