The Protocol

Scene from Protocol Village at Consensus 2023 in Austin, Texas.
Protocol Village: Bitcoin Insurer AnchorWatch Raises $3M in Funding Led by Ten31
The latest in blockchain tech upgrades, funding announcements and deals.
Scene from Protocol Village at Consensus 2023 in Austin, Texas.

(taopaodao/ Unsplash)
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
ALSO: Check out our exclusive interview with DYdX founder Antonio Juliano.
(taopaodao/ Unsplash)

(Héctor J. Rivas/ Unsplash)
The Protocol: The CFTC Is Cracking Down on Crypto
The move marks a contrast to its previously 'lenient' image compared to the SEC.
(Héctor J. Rivas/ Unsplash)

Ethereum (Unsplash)
Hello Holesky, Ethereum’s Newest Testnet
The new network comes after years of growth for Ethereum’s developer community and will replace the Goerli testnet.
Ethereum (Unsplash)

(CHUTTERSNAP/Unsplash)
The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted
What is a blockchain “sequencer?” Here’s why you need to know, along with all the latest updates on crypto tech news and fundraising announcements.
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The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)
The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling
This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake Swap expands to Consensys's Linea.
The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)

Chart shows surge in buyers on Base's Friend.tech app after the project announced it had received an investment earlier this year from the crypto-focused venture capital firm Paradigm. (Messari/Dune)
The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.
Chart shows surge in buyers on Base's Friend.tech app after the project announced it had received an investment earlier this year from the crypto-focused venture capital firm Paradigm. (Messari/Dune)

Shiba Inu Doge dog (Getty Images)
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
The week in blockchain tech: Two much-hyped networks debut, though the launches weren't quite as smooth as organizers might have hoped. ALSO: What is restaking? (Answer: it's the blockchain security trend you didn't know you needed to know about.)
Shiba Inu Doge dog (Getty Images)

Coinbase CEO Brian Armstrong, now on cusp of realizing his "secret master plan" from 2016. (Coinbase)
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.
Coinbase CEO Brian Armstrong, now on cusp of realizing his "secret master plan" from 2016. (Coinbase)

Screen grab from video purporting to show a user smashing a hardware wallet with a hammer and then setting it ablaze with a blowtorch. (@oklahodl1/Twitter)
Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality
After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.
Screen grab from video purporting to show a user smashing a hardware wallet with a hammer and then setting it ablaze with a blowtorch. (@oklahodl1/Twitter)