Weekly Update - Layer 1 & Layer 2 News (Week 3, 18/1/2022 - 24/1/2022)
Despite price crash, $BTC hashrate and difficulty at ATH. 46% of $BTC miners use green energy.
Key Takeaways
Despite the price crash, Bitcoin’s (BTC) hashrate and mining difficulty continues to register new all-time highs. The hashrate, a crucial metric showcasing the robustness of BTC’s network, is over 194 Ehash/s while the mining difficulty has reached 26.64 T. This signals strong community support despite an ongoing bearish market.
According to a recent survey conducted by the Bitcoin Mining Council (BMC), 46% of Bitcoin (BTC) miners employ renewable energy sources to mine Bitcoin. In addition, the global mining industry’s sustainable electricity mix had grown to approximately 58.5% during Q4 2021.
The new Cronos Ecosystem page now enables users to discover new projects across the Cronos (CRO) ecosystem. In addition, developers can submit their project on #CronosAwesome, a community-maintained project database.
Cronos (CRO) saw a +9.36% increase in total transactions to 12.03M and a decrease of TVL to $1.67B (-10.22% week-on-week). The total number of wallet addresses now stands at 336,092, up +1.07% from last week.
Highlights
Multichain asks users to revoke approvals amid ‘critical vulnerability’
Explaining CheckTemplateVerify, Bitcoin’s latest controversial soft fork proposal
Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
This update allows users to run Cardano (ADA) node on low-end PCs
Cardano average blockchain load hits an all-time high of 94%
Luxor starts Ethereum mining pool as proof-of-stake shift looms
Polygon to delegate $189M worth of MATIC to Bitfinex for staking
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