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Bankless
ROLLUP: BTC Halving is Here! | Worldcoin's New Chain | China ETF Approvals | Solana Chain Upgrades
Apr 19, 2024
01:15:43
Snipd AI
Exploring Bitcoin halving and market trends, updates on layer 2 chains, Worldcoin's chain release with human verification process, Hong Kong's ETF approval, upcoming Ethereum upgrade with EIP 3074, success of staking platforms like Kerak Network, Immutable Nexus in gaming chains, and crypto reality TV game with Hero Glyphs project
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Quick takeaways
- EIP 3074 introduces smart contract wallets on Ethereum Layer 1, simplifying token approvals and asset recovery.
- Eigenlayer removes staking deposit cap on Ethereum, attracting higher ETH deposits and increasing staking capacity.
Deep dives
EIP 3074 and Ethereum Layer 1 Upgrade
EIP 3074, the account abstraction protocol upgrade, is set to revolutionize Ethereum by introducing logic into wallets, paving the way for smart contract wallets on the Layer 1. This upgrade eliminates multiple steps for token approvals, enables sponsor accounts, and simplifies wallet asset recovery. Existing wallets can migrate to smart wallets, ensuring backward compatibility. Expected in the next Ethereum hard fork, possibly in early 2025.
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