Crypto M - Crypto News

🚀 Bitcoin and Ethereum Experience Slight Declines Amid Sector Gains Over the past 24 hours, the cryptocurrency market saw notable movements, with AI and Meme sectors leading the way, rising by 1.08% and 1.03% respectively. According to NS3.AI, most crypto sectors posted gains during this period. However, Bitcoin experienced a slight decline of 0.37%, falling below the $72,000 mark, while Ethereum decreased by 0.43%, dropping below $2,300. Layer2 was identified as the weakest sector, recording a 0.79% decline. #Bitcoin#Ethereum#Cryptocurrency#AI#Meme#Layer2#CryptoSectors#MarketMovements#BTC#ETH

🚀 Ethereum Layer 2 Network Scroll Faces Overcharging Issue Ethereum Layer 2 network Scroll has reportedly overcharged users by more than $50,000 in transaction fees over approximately four days. According to ChainCatcher, this occurred after the Scroll team manually increased two rate multipliers in their gas price oracle six times within six days, each time raising them by 2 to 10 times. This adjustment cumulatively increased the L1 data cost parameter to 1,280 times its original benchmark. Approximately 139,000 transactions were affected, with the total cost originally estimated at around $280, but users were charged over $50,000. The majority of these transactions were automated by bots. L2BEAT clarified that the overcharging was not due to a sequencer issue but resulted from multiplier adjustments executed through a multi-signature wallet by the team. This incident has raised questions about whether Scroll previously subsidized users with below-cost rates to maintain activity. Data from DeFiLlama indicates that Scroll's total value locked (TVL) currently stands at $24 million, a significant decline of 96% from its peak of $585 million in October 2024. As of the time of reporting, Scroll has not publicly responded to the issue. #Ethereum#Layer2#Scroll#Overcharging#GasFees#Blockchain#DeFi#TVL#CryptoNews#TransactionFees#ETH#SCR

🚀 Offchain Labs Co-Founder Ed Felten on the Future of Layer 2s Amid Ethereum's Mainnet Scaling Offchain Labs co-founder Ed Felten expressed confidence in the continued relevance of layer 2 solutions like Arbitrum, even as Ethereum focuses on scaling its mainnet. According to NS3.AI, Felten highlighted that layer 2s can maintain their competitiveness by providing faster response times, reduced block times, and increased throughput. #OffchainLabs#EdFelten#Layer2#Ethereum#Arbitrum#Scaling#Blockchain#NS3AI#Throughput#ETH#ARB

🚀 Satoshi Protocol Layer2 Settlement Network Launches with Upgrades The Satoshi Protocol Layer2 settlement network officially launched on April 6, introducing enhancements in on-chain data statistics and computational capabilities. According to ChainCatcher, the Layer2 network now supports deep cumulative calculations on-chain, allowing for a more accurate reflection of team sizes and business data, thereby improving processing efficiency in complex scenarios. In terms of governance, the protocol has transferred core permissions to a multi-signature contract and adopted a dual-track governance model, with developers and core community members each holding 50% of the decision-making power. The execution threshold is set at 65%, further enhancing decentralization. This upgrade marks the protocol's transition towards community autonomy, providing a reference for technology and governance in the DeFi sector. #SatoshiProtocol#Layer2#Blockchain#DeFi#Governance#Decentralization#OnChainData#NetworkLaunch#Crypto#MultiSignature#ProtocolUpgrade#CommunityAutonomy

🚀 Bitcoin Developer Adam Back Addresses Quantum Computing Concerns Bitcoin developer Adam Back has dismissed fears of a quantum computing crisis, asserting that humanity has at least a decade to prepare. According to Bitalk News, Back emphasized that current quantum hardware is still in its infancy, lacking error correction capabilities, and has only achieved basic calculations such as elementary-level factorization. He noted that Google's recent paper merely improved algorithms without any hardware breakthroughs. Back reassured that Bitcoin has ample time to adapt, with Liquid serving as a Layer 2 testing ground that has historically been adopted by the Bitcoin main chain after new signature formats were introduced. He argued that genuine solutions are already in progress, and that media-driven panic is more about selling headlines than reflecting technical realities. #Bitcoin#AdamBack#QuantumComputing#BitcoinDeveloper#Liquid#Layer2#SignatureFormats#ErrorCorrection#QuantumHardware#BitalkNews#Panic#TechnicalRealities#BTC