Square renamed to Block, Vitalik shared scaling rollups roadmaps, and more news.
Learn about industry news, development updates, community happenings, and other aspects of the PoW world!
After 9 consecutive increases, Bitcoin’s difficulty finally underwent a decrease of 1.49% on November 28, 2021.
The mining revenue remains around $0.33 per 1 TH/s mainly due to the price action. This is the same level that it was at the beginning of October.
The network just crossed 1 million ETH burnt in 109 days since activation of EIP-1559, with the burnt rate of 6.35 ETH/min, offsetting issuance by 0.68x.
Since July, monthly revenue climbed from $1.11 B all the way up to $2.07 B thanks to the upward price action. The current unit revenue of Ethereum mining is around $0.075 per 1 MH/s.
Dev and network
Bitcoin-dev.blog unveiled as a technical, open-content blog covering topics and projects Bitcoin developers work on. People can start submitting posts as contributors or donate to show support.
Hello World! https://t.co/6pdk6rSx0i is a technical and open content blog for and by Bitcoin developers.— bitcoin-dev blog (@bitcoindevblog) November 23, 2021
We start with a deep dive into compact block filters written by @ElleMouton!https://t.co/N53KjhMj6H
The Arrow Glacier upgrade is upcoming on block 13,773,000, which is estimated to happen on December 8, 2021.
Vitalik released a post sharing a step by step roadmap for scaling rollups, mentioning EIP-4488, or EIP-4490 as an alternative. The latest core dev meeting also discussed the two related EIPs.
A roadmap for how data space available to rollups can be greatly expanded (and hence rollup fees greatly reduced) progressively, starting from calldata gas cost reduction and continuing with step-by-step rollout of sharding:https://t.co/TixzvKInSN— vitalik.eth (@VitalikButerin) November 25, 2021
The Ethereum Classic Core Dev Call 20 discussed several ECIPs, including the ECIP-1104 to possibly bring an upgrade in January or Q1 of next year. The upgrade named Mystique is supposed to enable the Ethereum Foundation London network protocol upgrades on the Ethereum Classic network to enable maximum compatibility across these networks.
#EthereumClassic Core Dev Call 20 happened today.— Ethereum Classic (@eth_classic) November 18, 2021
- ECIP housekeeping. We cleaned half the issues.🧼
- Updated ECIP Editors. 2 new volunteers! 🙏🏻
- Mystique hard-fork possible ETA in January/ Q1 2022 (post holiday season) 🎅#ETC #Cryptohttps://t.co/GkCPrkGmOc
Zendoo is live on mainnet. This launch completes Horizen’s transition from a privacy-focused cryptocurrency to a zk-SNARK enhanced cross-chain platform powers blockchain and dapps.
#Horizen's cross-chain protocol #Zendoo is LIVE on mainnet! Zendoo is the culmination of years of hard work to redefine what it means to achieve #blockchain scalability.— Horizen (@horizenglobal) December 2, 2021
Horizen now fosters a #ZeroKnowledge network of blockchains and #dappshttps://t.co/FcdJwwzooS pic.twitter.com/Iohh1LH7wc
Sia has just passed 2 PB of used decentralized cloud storage, check out more Sia statistics at siastats.info.
FiroDEX’s public beta was released for decentralized and trustless atomic swaps.
Check out our public beta of FiroDEX and give it a go for decentralized and trustless atomic swaps! BTC/FIRO pairs and FIRO-BEP20/FIRO pairs are some good places to start. $FIRO— Firo (@firoorg) December 1, 2021
Stay tuned for our official release with @AtomicDEX https://t.co/0aYO1An5MJ
Conflux announced its v1.1.7 upgrade to optimize the transaction pool and fix some bugs.
Application and adoption
Square has rebranded to Block which consists of Cash App, Spiral, TIDA, tbDEX and the teams supporting it. This news came out a few days after Jack Dorsey resigned from Twitter. The community is expecting Jack to work on helping increase Bitcoin adoption.
Block is @Square, @CashApp, @spiralbtc, @TIDAL, @TBD54566975, and our foundational teams who support them. We’re here to build simple tools to increase access to the economy. https://t.co/CkVKxHPkqy pic.twitter.com/RMOnxCLP9Y— Block (@blocks) December 1, 2021
Ergo partners with Waves Enterprise to build the future of oracle pools.
Kadena announced Marmalade.art, its new standard for NFTs. Marmalade offers 100% on-chain transactions, low gas fees, and shared ownership.
Announcing https://t.co/JmNyevjg34, the new @Kadena_io standard for #NFTs!— Kadena (@kadena_io) December 2, 2021
Marmalade provides the complete infra to launch & run revolutionary #NFT marketplaces! Unlike other platforms, Marmalade offers 100% on-chain tx, low gas fees & shared ownership that can span platforms! pic.twitter.com/gDt4Zp70z3
The Dogecoin community is counting down for the full trailer of a new Dogecoin movie on December 6th to celebrate the Dogecoin Block 0 anniversary. The movie named Dogecoin Billionaire will tell a story about a young boy who stumbles his way into a Dogecoin fortune.
The countdown has begun! Trailer drops December 6th.#Dogecoin #Doge $DOGE #DogecoinBillionaire@dogecoinhttps://t.co/dMqb8l5RBs pic.twitter.com/VgWpPCyey1— dogecoin.org (@dogecoinorg) November 26, 2021
The Dash monthly newsletter is out covering the latest partnerships, integrations, and development updates.
The November DigiByte has been posted, sharing milestones and news about this month.
The PoW Round-Up is our bi-weekly report on the major news and mining insights in and around the Proof of Work ecosystem. Monitor and help secure the PoW world with f2pool.