Sensei Radar [#06]

January 27th, 2023

Key crypto event-detection thread for your consumption, every week.

Vitalik Buterin proposes "Stealth" wallets to ensure privacy in Ethereum.

Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers.

These wallets would ensure that transaction history would be secret just like cash.

The secret wallet system is based on a mechanism that would allow any Ethereum wallet to generate cryptographically opaque public addresses called Stealth addresses to receive funds privately and access them using a special code called "spending key".

Unique and anonymous addresses would be created for each transaction.

Source: Bitcoin.com

Ethereum developers have successfully created the shadow fork of the Shanghai Upgrade.

Ethereum developers said they successfully created a copy of the blockchain – known as a “shadow fork” – to provide a testing environment ahead of a crucial upgrade known as the Shanghai hard fork.

The shadow fork occurred at 10:40 coordinated universal time (5:40 a.m. ET), according to Parithosh Jayathi, DevOps engineer at the Ethereum Foundation.

The first set of testing has commenced for the much anticipated Shanghai upgrade, expected in March, that will enable staked ether withdrawals. Some minor glitches were reported.

Source: Coindesk

Polkadot’s XCM v3 finally merged after 15-month development.

Polkadot has published Cross-Consensus Messaging (XCM) Version 3, which improves interoperability between its supported blockchains.

This enables bridges, cross-chain locking, exchanges, NFTs, conditionals, context-tracking and more.

The XCM design offers instructions on how to compose, send, and interpret messages across chains. The destination chain is the one that executes the instructions, with support for programmable, trustless and rich data.

Basically, XCM is standard through which protocol developers can define data and origins that their particular chains can send to or receive from. For instance, a developer can leverage XCM to allow for communication between Bitcoin (a proof-of-work network) and Polkadot (a proof-of-stake network).

Source: Gavin Wood

Video transcoding on Livepeer reached a record 42+ million minutes during Q4'22

Livepeer, a platform for decentralized livestreaming, where SenseiNode hosts the first Orchestrator Node in Latam, proved by the end of 2022 to have established itself as a leading provider of Web3 infrastructure live video streaming.

The Livepeer project offers a fully decentralized, highly scalable and incentivized live video streaming network protocol via the LPT token, resulting in a solution that can serve as a live-media layer in the decentralized web3 development stack.

Full Report - State of Livepeer Q4 2022:

Source: Messari

armog from Gnosis Chain published a list of Awesome Ethereum Staking Resources.

“The health, resilience, and censorship resistance of blockchains depend on having many independently operated and geographically dispersed full nodes. Each full node can help other new nodes obtain the block data to bootstrap their operation, as well as offer the operator an authoritative and independent verification of all transactions and contracts”.

“Mastering Ethereum” by Andreas Antonopoulos and Gavin Wood

Topics

Solo Staking
DVT
LSD

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