Weekly Layers 1 & 2 Update (Week 16, 19/04/2022 – 25/04/2022)

Bitcoin Core 23.0 has been released. BTC logs record-high hashrate of 271.19 EH/s. ADA sets Vasil hard fork launch in June.

Key Takeaways

• Bitcoin Core 23.0 has been released. The update now supports the new Taproot address type and touts better transaction fee estimates. Meanwhile, Bitcoin (BTC) recorded a lifetime hashrate high of 271.19EH/s towards the end of the week. 
• The Cardano (ADA) Vasil hard fork is set to take place in June 2022 and is expected to enhance the blockchain and its smart contracts platform Plutus. In a Twitter thread, IOHK introduced Plutus Core together with details on its smart contracts framework.
• Cronos (CRO) saw a +6.85% increase in total transactions to 35.11M, while its TVL grew to US$3.82B (+4.76% week-on-week). The total number of wallet addresses now stands at 707,251, up +3.60% from last week.

Highlights

• Flare gas-powered Bitcoin miner Crusoe Energy Systems raises US$505M
• Fort Worth, Texas to vote on whether to become a Bitcoin miner
• Litentry has officially won the 15th Polkadot parachain auction
• Moonbuilders Academy is now open for Web3 developers
• Polygon launches ‘Supernet’ chains, pledges US$100M to Web3 developers
• Public blockchain Kadena launches US$100M Web3 grant program
• 400 new projects and 100K new wallets in a month on Cardano
• Algorand launches first smart contract to offset carbon emissions: Details
• ConsenSys affected by stolen OAuth attack campaign
• Getting Shibby with it: SHIB burning portal launches
• Boba Network announces Hackathon prizes

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