Weekly Update - Layer 1 & Layer 2 News (Week 47, 23/11/2021 - 30/11/2021 )
El Salvador adds 100 $BTC to existing reserve during Omicron price drop. StarkNet Alpha Layer 2 rollup launched on Ethereum Mainnet.
Key Takeaways
El Salvador added an additional 100 Bitcoin (BTC) to their current holdings after a price dip in the wake of the announcement of the discovery of the Omicron variant. (ref)
Vitalik Buterin proposed EIP-4488, announcing it in a forum post. This would limit the maximum blocksize in Ethereum (ETH) as a stopgap solution to cut fees in expectation of the network transitioning to a rollup-based structure. (ref)
StarkNet Alpha has been launched on Ethereum Mainnet. This is a Layer 2 rollup offering from Starkware, the influential Layer 2 development studio. (ref)
Highlights
El Salvador buys the dip, adds 100 more bitcoin to existing stash
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum
Crypto lender Celsius increases Bitcoin mining investment to $500 million
Popular Ethereum mixer Tornado Cash is ready to integrate with Arbitrum