Ethereum’s Holesky testnet regains finality after weeks of disruption amid Pectra testing
$ETH Ethereum's Holesky testnet has successfully achieved finality after nearly two weeks of disruption following the Pectra upgrade. The instability stemmed from a configuration bug in the client software, which has now been resolved, allowing developers to resume testing and stabilization efforts.
The Pectra upgrade, initiated on February 24, introduces significant enhancements to the Ethereum network, including enabling gas payments in tokens other than ETH, account abstraction, and increased staking limits. Despite initial challenges on both the Holesky and Sepolia testnets, the development community remains committed to thorough testing to ensure a smooth mainnet deployment.
These developments underscore Ethereum's dedication to continuous improvement and the collaborative efforts of its global developer community in addressing and overcoming technical challenges.
What us White Label staking?
Staking refers to the process of locking up crypto assets to earn a return on your principal and help secure the blockchain. The blockchains that support the staking process run on the Proof-of-Stake (PoS) consensus mechanism.
In Proof-of-Stake (PoS) blockchains, as more coins are added to the circulation, the staked assets grow the holdings of the validator simultaneously.
White label staking is considered a more premium way of staking tokens. With white-label staking, the token and crypto holders get their validator node explicitly created for them. This is then managed entirely on their behalf by a third-party operator. This can be extremely helpful, especially for technology companies who are not familiar with the processes and best practices for the setup, maintenance and operation of validator nodes. The ownership of the nodes and assets still remains with the crypto and token holders, which is beneficial and important for both institutional and retail investors. While it can be a great way to earn rewards on blue-chip crypto, such as Ether, for validators staking the assets, there are also risks and penalties to bear in mind for improper operation and malicious behaviour.
Mechanisms such as slashing can penalize validators for a percentage of their staked amount. As staking continues to raise institutional and retail interest, it is thus critical to partner with active validators on the network that possess the right infrastructure for staking needs. With a minimum of 32ETH or Ether required, and a penalty of above 0.5ETH to the entire stake for every instance of “improper” operation as a validator, proper setup and operation are thus essential to preserving the value of the staked assets.
Additional potential benefits of white label staking include the offering of a fully customizable, branded offering for white label validators. While rewards are generated on the customer’s behalf, the fees charged at a protocol level can be fixed.
If the white label staking provider has high-security standards and robust infrastructure where high-quality nodes are used, the maximum amount of rewards can be earned. This is because the flow of funds across PoS blockchains relies on high-quality validator nodes.
Lastly, the white label staking provider can also tailor the node to the customer’s specific needs while being maintained with 100% slashing insurance, constant uptime and 24/7 engineering support.
The only downside for white label staking would be the high minimum staking requirements, such as the minimum of 32ETH as mentioned above. This is more of an obstacle for smaller retail investors, however, as many institutional investors and individuals choose the white label option because they have access to a large pool of capital. This capital allows them to earn staking rewards on their own, without needing to delegate to a third party.
However, the effectiveness of white label staking varies across blockchains. While 32 ETH and gas fees are required to run a validator node, other chains, such as Cardano and Solana, require a large amount of stake for white label to be more attractive than simply delegating to a public node.
$BTC
Movement launches Public Mainnet Beta with a $250M starting TVL
The Movement Network Foundation has launched Movement Public Mainnet Beta, featuring permissionless smart contract deployment and a canonical Movement bridge.
According to a press release sent to crypto.news, the Movement Public Mainnet is the first Move-based chain that settles to Ethereum ( ETH ). It offers users permissionless smart contract deployment and full user onboarding, allowing developers to freely build on and use Movement.
The mainnet went live on March 10 at 8:00 AM PST (15:00 UTC), giving users access to key features, including the canonical bridge powered by LayerZero. With the bridge, users can transfer the network’s native gas token MOVE ( MOVE ) as well as other major tokens on the crypto market such as USDT ( USDT ), USDC ( USDC ), wBTC ( WBTC ), wETH, and more to the Movement chain.
In addition, attestation of block states will be committed to Ethereum as part of Movement’s Fast Finality Settlement. The mainnet plans to launch more features as the ecosystem continues to evolve alongside its community of users.
Co-Founder of Movement Labs , Rushi Manche stated that users can now engage with the Movement ecosystem in ways they previously could not. Developers will no longer require approval to build on the ecosystem thanks to Ethereum’s permissionless smart contract feature.
“This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network affects,” said Manche in a statement.
Moreover, users would not have to worry about the mainnet’s liquidity . The Cornucopia program provides Movement Network with day-one liquidity across BTC ( BTC ), ETH, MOVE, and stablecoin assets, solving one of the main challenges faced by new networks face: the “cold start” problem.
With strategic partnerships involving industry leaders such as Concrete, Veda Labs, Echelon, and Canopy, Movement Labs’ Cornucopia program equips the mainnet to support DeFi applications upon launch.
“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs.
*The Future of Sustainable: How Electric Vehicles are Revolutionizing the Industry*
The transportation sector is undergoing a significant transformation, driven by advances in technology and growing concerns about climate change. Electric vehicles (EVs) are emerging as a key player in this transformation, offering a sustainable, efficient, and cost-effective alternative to traditional fossil fuel-based vehicles. In this article, we'll explore the benefits, challenges, and future of electric vehicles, highlighting their potential to revolutionize the transportation industry.
# Benefits of Electric Vehicles
Electric vehicles offer several benefits, including:
1. *Zero Emissions*: Electric vehicles produce zero tailpipe emissions, reducing greenhouse gas emissions and air pollution in urban areas.
2. *Lower Operating Costs*: Electric vehicles are generally cheaper to run, with lower fuel costs (electricity is often less expensive than gasoline) and lower maintenance costs (fewer moving parts means less wear and tear).
3. *Improved Performance*: Electric vehicles offer exceptional acceleration and performance, thanks to the instant torque provided by their electric motors.
4. *Government Incentives*: Many governments offer incentives for buying electric vehicles, such as tax credits, rebates, and exemptions from certain fees.
# Challenges of Electric Vehicles
Despite their benefits, electric vehicles also face several challenges, including:
1. *Limited Range*: Electric vehicles generally have limited range, typically between 200-300 miles, before needing to be recharged.
2. *Charging Infrastructure*: The charging infrastructure for electric vehicles is still in the early stages of development, with limited charging stations and slow charging speeds.
3. *High Upfront Costs*: Electric vehicles are often more expensive than traditional gasoline-powered vehicles, although their lower operating costs can make up for this over time.
4. *Battery Durability*: Concerns about battery durability and the potential for battery degradation over time are still a concern for many potential buyers.
# Future of Electric Vehicles
The future of electric vehicles looks promising, with several trends and predictions emerging:
1. *Increased Adoption*: Electric vehicles are expected to become increasingly popular, with many countries setting targets for electric vehicle adoption and investing heavily in charging infrastructure.
2. *Improved Technology*: Advances in technology are expected to improve the range, efficiency, and affordability of electric vehicles, making them more competitive with traditional gasoline-powered vehicles.
3. *Expansion of Charging Infrastructure*: The charging infrastructure for electric vehicles is expected to expand rapidly, with many countries investing in fast-charging corridors and urban charging networks.
4. *Growing Competition*: The electric vehicle market is expected to become increasingly competitive, with many new entrants and established manufacturers offering a wide range of electric vehicle models.
# Conclusion
Electric vehicles are revolutionizing the transportation industry, offering a sustainable, efficient, and cost-effective alternative to traditional fossil fuel-based vehicles. While challenges remain, the future of electric vehicles looks promising, with increased adoption, improved technology, and expanded charging infrastructure expected in the coming years.
# Recommendations
1. *Invest in Charging Infrastructure*: Invest in charging infrastructure, including fast-charging corridors and urban charging networks, to support the widespread adoption of electric vehicles.
2. *Promote Electric Vehicle Adoption*: Promote electric vehicle adoption through incentives, such as tax credits, rebates, and exemptions from certain fees.
3. *Develop Electric Vehicle Manufacturing Capacity*: Develop electric vehicle manufacturing capacity, including battery production, to support the growing demand for electric vehicles.
4. *Encourage Research and Development*: Encourage research and development in electric vehicle technology, including battery technology, to improve the range, efficiency, and affordability of electric vehicles.
Mint Blockchain is designed to be an Ethereum Layer2 scaling network, which means it builds on Ethe
Mint Blockchain is designed to be an Ethereum Layer2 scaling network, which means it builds on Ethereum’s existing security while offering faster and cheaper transactions. Here’s how it works:
1. Layer2 Scaling with OP Stack
Mint Blockchain is part of the Optimism Superchain, a network of Layer2 blockchains built on Optimistic Rollups. This technology processes transactions off-chain and then batches them onto the Ethereum mainnet. The result? Users pay significantly lower gas fees while still benefiting from Ethereum’s security.
2. NFT Creation and Liquidity Solutions
Mint Blockchain provides a suite of tools for creators, developers, and traders:
● Mint Studio – an easy-to-use platform for minting NFTs from text, images, audio, and video.
● IP Layer – a system that allows users to register NFT copyrights and earn royalties.
● Mint Liquid – a liquidity protocol that supports cross-chain NFT and token trading.
● RWA-RareShop – a marketplace for Real-World Assets (RWA) in NFT form.
● NFT-AI Agent – an AI-powered tool for NFT market analysis, data retrieval, and trading.
These features make Mint Blockchain a one-stop solution for NFT creation, trading, and interoperability across different blockchains.