China News by Thebittimes.Com

Bitcoin Core developers reversed their plan to deprecate the user configurability of OP_RETURN’s default datacarriersize just hours before the scheduled release of Core version 30 (v30), one of the most controversial and widely publicized changes to Bitcoin’s dominant software for thousands of node operators. Pull request (PR) 33453 was merged by Core maintainer Ava Chow into Bitcoin Core’s master branch via GitHub yesterday evening New York time. The eleventh-hour accommodation signaled a slight victory for a dissident movement led by Knots node operators who have vocally protested Core’s easements of OP_RETURN’s datacarriersize. In the view of many Knots node operators, most nodes’ memory pools (mempools) should reject transactions by default carrying large amounts of data unrelated to the on-chain movement of bitcoin (BTC). Rather than burden node operators with storing and relaying arbitrary data around the network for non-currency uses of BTC, defaults should det...

Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment Easy Celestia, a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A and Series B funding rounds. The company announced that the funding round was co-led by Bain Capital Crypto and Polychain Capital, with the participation of Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, and Jump Crypto, among others. The combined funding round was oversubscribed four times, and according to reports, gives Celestia a v...