Wu Shuo team summarizes important developments in the blockchain technology field in May.
Bitcoin
- The Bitcoin community proposed BIP-177, suggesting redefining the base unit as 1 Bitcoin, deprecating "satoshi", with 1 $BTC = 100,000,000 Bitcoin. Jack Dorsey supports this.
Ethereum
- Mainnet Pectra upgrade completed, Fusaka upgrade launched on Devnet-0.
- Vitalik proposed simplifying the Ethereum protocol to reduce complexity, enhance resilience, and increase participation.
- Explained the evolution of the Rollup security model, recommending L2 deployments directly from Stage 1, prioritizing strengthening the proof system security.
Ethereum L2s
- Optimism activated the Isthmus hard fork to support the Pectra upgrade.
- ZKsync achieved full EVM equivalence; the upgrade was approved by ZIP-9.
- Polygon Labs CDK supports multiple tech stacks, with the first integration of the OP Stack.
Solana
- Anza launched the "Scheduler Binding" feature to improve MEV revenue transparency and security.
- Released the Alpenglow proposal to replace TowerBFT and Turbine, enhancing consensus efficiency.
- Launched Solana Attestation Service to support off-chain data verification.
- The Accelerate NYC event announced new progress including Alpenglow, Mithril nodes, and ZK compression upgrades.
SUI
- Cetus DEX was attacked, losing approximately 230 million USD; the SUI Foundation froze 162 million USD of stolen funds.
- The community passed a proposal to return the stolen assets through special transactions.
BNB Chain
- Testnet activated the Maxwell hard fork, improving block generation speed and network scalability.
Near
- NEAR achieved 600 milliseconds block time and 1.2 seconds finality, outperforming Solana and Ethereum in speed.
Hyperliquid
- Launched a feature supporting developers to autonomously deploy perpetual contracts (HIP-3), now live on testnet.
Others
- Filecoin activated the Fast Finality consensus mechanism, enhancing transaction final confirmation speed.
- World Chain launched the portable iris scanning device Orb Mini, simplifying identity verification.
- ZKM and GOAT Network released zkMIPS 1.0, improving performance by 19 times, supporting the $BTC ecosystem.
- Coinbase released the open-source payment protocol x402, supporting registration-free payment processes.
- BitsLab discovered a TON virtual machine vulnerability and has assisted in fixing it.
- Sei Labs released the Sei Giga whitepaper, planning to build a high-performance EVM L1 chain.
- Google Wallet introduced zero-knowledge proof technology for privacy-preserving age verification.