The Protocol: Vitalik Buterin's Latest Proposal – Transaction Gas Cap
2025-07-09 16:35:26
Main Idea
The article covers key developments in cryptocurrency tech, including Vitalik Buterin's Ethereum gas cap proposal, Jack Dorsey's Bitchat whitepaper, Volkswagen's partnership with Hivemapper, and Eigen Labs' staff layoffs.
Key Points
1. Vitalik Buterin's EIP-7983 proposes a 16.7M gas cap on Ethereum transactions to improve efficiency and align with modularity, though it may require splitting large transactions.
2. Jack Dorsey introduced Bitchat, a decentralized, offline messaging system using Bluetooth Low Energy (BLE) for peer-to-peer communication, inspired by Bitcoin's principles.
3. Volkswagen ADMT partnered with Solana-based Hivemapper to use its Bee Maps for validating self-driving technology, highlighting the growth of decentralized physical infrastructure networks (DePIN).
4. Eigen Labs cut 25% of its workforce to focus on EigenCloud, a verifiable cloud service alternative, amid restructuring and challenges following EigenLayer's main product launch.
Description
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Vitalik Buterin's New Proposal Seeks 16.7M Gas Cap on Ethereum to Rein In Transaction Bloat Jack Dorsey Unveils Bitchat: Offline, Encrypted Messaging Inspired by Bitcoin Volkswagen ADMT Taps Solana-Based Hivemapper Bee Maps for Driverless Data Eigen Labs Axes 25% of Staff to Focus on Building EigenCloud Unkn...
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