The L1 Weekly Report is published every Friday, focusing on the development of Layer 1 blockchains. If you have any suggestions, feel free to contact [email protected].

Bitcoin

• Unleashing Bitcoin’s True Power: Overpass Channels—A Fully Trustless, Censorship Immune, Instant, Private, Massively Scalable Absolute Beast
  • Overpass Channels enable scalable, private Bitcoin transactions
  • It uses zero-knowledge proofs for trustless and censorship-resistant operations
  • The system guarantees performance and security through mathematical proofs

Ethereum

• Crawling the Ethereum discv5 network - fast
  • FastEthereumCrawler maps 50,000 ENRs and verifies 20,000 nodes in 55 seconds
  • It uses optimized FINDNODE requests for rapid network crawling
  • The crawler is open-source and available on GitHub
• Proving multi-client Beam chain
  • Discussion on implementing Beam chain clients in various languages
  • Focus on proof sizes, proving speed, and networking implications
  • Consideration of the impact of quantum computing on proof types and sizes

Solana

• Sky Protocol’s USDS stablecoin is now live on Solana

Cosmos

• The first on-chain banking infrastructure for Bitcoin is built with Cosmos

Aptos

• Circle’s USDC and Cross-Chain Transfer Protocol (CCTP), and support within Stripe crypto products to launch on Aptos Network

Sui

• Sui Mainnet Outage Resolution
  • Sui faced a network outage due to a congestion control bug