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Obol Network Releases Charon v1.0

The first long-term support version of its distributed validator middleware client for Ethereum.

Quick Take

  • Obol Network releases Charon v1.0.

  • Circle issues stablecoins in Europe.

  • Solutions for faster txs confirmation.

  • U.S. Marshals Service uses Coinbase.

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Obol Releases Charon v1.0

Obol Network released Charon v1.0, the first long-term support (LTS) version of its distributed validator (DV) middleware client for Ethereum. The release supports distributed key generation, creating only partial validator key shares for each node in a DV cluster, without ever revealing a full private key. DVs enhance Ethereum’s fault tolerance by preventing a single point of failure. The client also prevents access to validator private key shares during runtime, minimizing the risk of private key leakage. Charon is also compatible with various client combinations. Lido and EtherFi have committed to integrating Charon into their staking operations. Obol plans to release 1.0 versions of its DV Launchpad, Obol Splits, and Obol SDK.

Circle Issues Stablecoins In Europe

Circle is now a MiCA-compliant stablecoin issuer in Europe. A new Circle entity based in France is now natively issuing USDC and EURC stablecoins to European users. Circle has attained authorization as an E-Money Issuer by the French banking regulatory authority, with issuance managed by Circle France. Circle Mint, a solution for minting and redeeming USDC and EURC, is also live for European businesses. Reserves for the assets will be custodied in France. USDC and EURC are the only stablecoins that have attained MiCA compliance. USDC is currently the second-largest stablecoin with over $32 billion in circulation.

Vitalik On Faster Transaction Confirmations

Vitalik Buterin published a new blog outlining solutions for fast transaction confirmations and potential development paths. Ethereum's current consensus operates with a 12-second slot and 6.4-minute epoch architecture. While rollups aim to provide faster confirmations, decentralized sequencing remains a challenge. Based preconfirmations offer confirmation guarantees for an additional fee. Buterin suggests improving transaction speeds by combining Single Slot Finality (SSF) with rollup or based preconfirmations. He also advocates further exploration of Orbit SSF, a proposed technique designed to reduce the number of validators required to sign messages in each slot, thereby reducing network load. Additionally, potential solutions could integrate server efficiencies with blockchain benefits like validity proofs.

USMS Uses Coinbase Prime

The U.S. Marshals Service (USMS), a division of the U.S. Department of Justice, is now using Coinbase Prime to custody and trade its large-cap digital assets. The USMS typically acquires cryptocurrencies through seizures and asset forfeitures. Coinbase Prime, an institutional custody service provided by Coinbase, now manages over $330 billion in assets for its customers, which includes government agencies.

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