Weekly Layers 1 & 2 Update (Week 18, 03/05/2022 – 09/05/2022) | crypto.com

Gate.io to Unveil New Brand Identity During 9th Birthday Celebrations in Late May 2022

Bitcoin’s hashrate climbs, reaches halfway point towards next halving. Ethereum developer Tim Beilko highlights requirements for seamless Merge. Cronos ‘Huygens’ mainnet upgrade launches successfully.

MAY 10, 2022
 
 
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Key Takeaways

  • Despite macro headwinds and a recent price decline, Bitcoin’s (BTC) hashrate continued climbing higher as the 105,000th block was mined — marking 50% of the journey into its next halving.
  • In the Ethereum (ETH) AllCoreDevs Update 011, Tim Beiko highlighted the technical requirements needed for the Merge to happen in a seamless manner — continued Mainnet shadowforks without returning any errors.
  • The Cronos mainnet upgrade  v0.7.0 ‘Huygens’ was successful. The upgrade introduces variable transaction fees depending on network utilisation and the performance of the node storage.
  • Cronos (CRO) saw a +5.44% increase in total transactions to 39.29M. The total number of wallet addresses now stands at 761,368, up +3.93% from last week.

Highlights

Layer 1 Project Metrics

 
 
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Layer 2 Project Metrics

 
 
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Source: crypto.com

Gate.io to Unveil New Brand Identity During 9th Birthday Celebrations in Late May 2022

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