ChainCatcher news, Ethereum Foundation researcher Justin Drake posted on X that today marks the four-year anniversary of the Ethereum Beacon Chain's launch. In its initial phase, only 500,000 ETH were staked. Although it did not provide direct benefits to users at the beginning, it has gradually grown into one of the most powerful foundations in blockchain history.Looking ahead, Drake believes Ethereum has the opportunity to become the settlement layer of the value internet. Although the Beacon Chain is still not perfect, the upgrade path in the coming years will remain challenging, including improvements in censorship resistance and MEV handling, reducing staking deposits, increasing finality speed, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security. Additionally, outside the consensus layer, there is hope to achieve complete sharding in the data layer and native Rollup in the execution layer.Drake stated that many L1 improvements will be gradually released in the coming years, and enhancements like post-quantum security may require a complete redesign. L2 solutions will provide significant performance improvements within months, including fast user experiences, low fees, unlimited throughput, and synchronous composability.

ChainCatcher news, during the "DeInsight 2024" annual summit held in Bangkok at Devcon, QuarkChain & EthStorage founder Qi Zhou delivered a speech themed "Building the World's Supercomputer for the Future of Web3."Qi Zhou shared that Ethereum is moving towards a scalability roadmap centered on rollups, characterized by: off-chain computation and on-chain verification; the introduction of DA (EIP-4844) significantly reduces L2 Tx costs; the absence of large-scale Web3 applications is mainly due to high entry costs, EVM performance limitations, limited storage space, centralized frontends, and high L1 verification costs.For more content from the conference, please check the following links:Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.htmW

ChainCatcher news, the crypto mining company IREN (formerly Iris Energy) is facing a class action lawsuit from investors, accusing it of misleading investors regarding its high-performance computing business.On October 7, a class action lawsuit led by Paul Williams-Israel was filed in federal court in New York, claiming that IREN's facility in Childress, Texas was falsely advertised as a data center suitable for high-performance computing (HPC) and exaggerated its computing capabilities. The lawsuit also pointed out that there was significant misinformation in the expansion plans and HPC strategy released by IREN in a statement in June 2023.IREN's co-founders and co-CEOs Daniel Roberts and William Roberts, as well as the company's CFO Belinda Nucifora, are all named as defendants.

ChainCatcher news, Zypher Network announced on social media the launch of the first high-performance Layer 3 Zytron Pioneer for ZK-driven games on Linea.Zypher announced that Zytron has partnered with several well-known Web3 infrastructure projects, including Linea, Risc Zero, Gevulot, HyperLane, Third Web, Particle Network, Celestia, Renzo, and Eigen Layer, and plans to launch a series of incentive activities after the Zytron Pioneer goes live, including gas-free SBT airdrops and the integration and experience of over 30 games.It is reported that Zytron Kit is Zypher's flagship infrastructure, designed to support a new generation of fully decentralized games, while Zytron Pioneer is its first deployment environment based on Linea. Zytron Kit integrates modular tools and zk pre-compilers to provide players with a zero-cost and millisecond-level proof verification experience. Zytron Kit also supports seamless integration with mainstream game engines such as Cocos and Unity, and simplifies the user acquisition process through a Telegram interface.

ChainCatcher news, according to The Block, Macquarie, the Australian multinational investment bank, has given "outperform" ratings to several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these companies are shifting focus from cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.Macquarie analysts Paul Golding and Emma Liang noted that in recent years, Bitcoin mining businesses have become increasingly diversified, a trend that has accelerated following Bitcoin's fourth halving in April this year. Some mining companies view their unique power resource advantages as opportunities to diversify into non-crypto-related hosting businesses, while others focus on accumulating Bitcoin assets.

ChainCatcher news, Base protocol head Jesse Pollak posted on platform X stating that Base has resumed full operation after experiencing a decline in network performance. The team is monitoring the situation and will share a complete review. Previously, Jesse Pollak posted on platform X that on September 21 at 23:38 (Beijing time), the Base team discovered that the performance of its mainnet was declining, including issues with the mainnet (public RPC API, deposits, withdrawals, batch submissions, block production), which led to transaction delays. The team has acknowledged the issue and is working to fix it.

ChainCatcher news, according to Jinshi reports, at the recent KDDI summit, Tadao Nagasaki, CEO of OpenAI's Japan subsidiary, revealed that OpenAI's next-generation model, codenamed "GPT-Next," is expected to be 100 times more powerful than the current GPT-4 model and is planned for release later this year. The performance improvement of the GPT-Next model is attributed to its optimized architectural design and improved learning efficiency, rather than solely relying on massive computational resources.He also revealed that OpenAI currently has fewer than 2,000 employees globally, with about half focused on AI development. OpenAI's main clients include announced companies such as Apple, Coca-Cola, and biotech giant Moderna.

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the Move-based public chain Sui. Web3Caff Research researcher Warren pointed out in the report that public chains, as the core infrastructure of blockchain technology, have made significant progress in recent years. With the booming rise of decentralized finance (DeFi) and NFTs, the performance demands on public chains have been increasing. Modern blockchain applications require high throughput, low latency, security, and scalability to meet the needs of a large user base. Recently, Sui's newly launched high-performance consensus mechanism Mysticeti has attracted a new round of market attention, and its continuously advancing ecological landscape has also made it one of the most competitive projects among high-performance public chains. According to a report from CoinGecko on May 17, Sui's highest daily average real TPS (Transactions Per Second) reached 854 transactions per second, second only to Solana and significantly ahead of the third place.The report further pointed out that on May 4, 2024, Sui proposed the new consensus protocol Mysticeti, which was developed based on in-depth research of Byzantine Fault Tolerance (BFT) consensus mechanisms. This represents an improvement over the Narwhal-Bullshark consensus algorithm (which is based on a DAG memory pool and an efficient BFT consensus algorithm) launched when Sui's mainnet went live a year ago, enhancing transaction speed and reducing hardware requirements for validating nodes. On July 26, the Mysticeti consensus mechanism was officially announced to be live on the mainnet. As a next-generation consensus mechanism, the results from nearly two months of testing on the testnet indicated that Mysticeti achieved the fastest overall latency in blockchain history, reaching consensus on the testnet within 390 milliseconds and completing settlement within 640 milliseconds. This is an 80% reduction in consensus time compared to Narwhal-Bullshark.The report also further pointed out two major core challenges for Sui: first, the insufficient number of Move language developers, which makes it difficult for the developer ecosystem to grow rapidly, thereby limiting the development of the application ecosystem; second, the slow development of native digital assets, which leads to insufficient liquidity of funds, affecting the overall activity and user attractiveness of the ecosystem.

ChainCatcher message, the modular financial system edgeX Labs incubated by Amber Group has officially launched edgeX exchange. edgeX exchange is a high-performance, order book-based decentralized perpetual contract exchange designed for professional trading users, offering the experience and trading features of a centralized exchange.Members of edgeX Labs come from Barclays, Morgan Stanley, Bybit, Huobi, and are developing multiple applications based on trading and liquidity, aiming to integrate the capabilities and performance of centralized finance (CeFi) with the security and transparency of decentralized finance (DeFi) to create an on-chain financial system.As of now, edgeX Labs has received approximately $10 million in liquidity funding from institutions such as Amber Group and SNZ Capital.

ChainCatcher news, according to official sources, the high-performance blockchain platform Metabit Network recently announced the successful completion of a new round of strategic financing amounting to 10 million USD. The new funding will be used to promote innovation and development in the field of blockchain technology for Metabit Network.It is reported that Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, allowing different nodes to play different roles, providing physical operation networks, verification, packaging settlement, storage, and bandwidth. On this architecture, Metabit v2.0 is transitioning to an AI-based multidimensional intelligent architecture, connecting with today's rapidly developing AI ecosystem. It provides high-performance infrastructure for large-scale commercial applications, fundamentally transforming the Web3 ecosystem.

ChainCatcher message, the high-performance modular financial system edgeX incubated by Amber Group is about to launch a perpetual contract DEX as an MVP (Minimum Viable Product). The edgeX exchange is a high-performance, order book-based decentralized perpetual contract exchange, planning to launch its testnet in July. A tester event will be announced soon.edgeX Labs was founded by trading, technology, and user growth leaders from Barclays, Morgan Stanley, Bybit, and Huobi, and is developing an on-chain financial system aimed at integrating the capabilities and performance of centralized finance (CeFi) with the security and transparency of decentralized finance (DeFi).

ChainCatcher news, according to official sources, high-performance GPUs from Akash Supercloud, including several models from the NVIDIA H100 series, will soon be added to the FluxEdge platform.

ChainCatcher news, the development team behind Tezos will launch the Tezos X upgrade, which creates a single Canonical Rollup capable of handling and scaling all activities on the Tezos network, restoring composability and making Tezos more interoperable.

ChainCatcher message, Zksync on platform X indicates that the current network load is too high, and some RPC performance has declined. The team is working hard to improve RPC capacity.