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Exhausted after years of ineffective attempts to prevent non-financial (“arbitrary”) storage on Bitcoin’s blockchain, developers are asking Bitcoin Core maintainers to pull a code change into production that would remove a data size limit. Acknowledging two years of failed attempts to limit arbitrary data storage that some consider spam, Peter Todd created a pull request (PR) number 32359 that would lift arbitrary limits on datacarrier outputs via Bitcoin’s “OP_Return” operation code. If Core maintainers pull the change into production via the main repository, Bitcoin node operators like miners would be able to publish more bytes of data via OP_Return outputs. According to Todd’s formalization of the proposal by Chaincode Labs’ Antoine Poinsot, for any developers who think the 83-byte limit on OP_Return’s scriptPubKey is silly, they should test the code changes and consider whether they agree with lifting the limit.  Spam workarounds for years Although t...

On the evening of February 19th at 12 PM UTC and lasting until 12 PM UTC on February 20th, Vitalik Buterin, the founder of Ethereum, was invited to participate in a flash text interview on Tako (a client based on Farcaster) with Mable Jiang, the Chief Revenue Officer of FSL. WuBlockchain has polished, translated, and organized the interview content as follows: Question 1 In your mind, is Ethereum today closer to the nature of Bitcoin or that of a world computer? You previously mentioned in a Twitter post that many people with negative views on ETH are actually short — term speculators, and their frustrated emotions hardly bring any constructive help to the ETH community. However, within the OG ETH — Maxi camp, many people have been promoting the concept of “ETH is money” (for example, Bankless, the largest media advocating for ETH — Maxi). They draw comparisons between ETH and BTC, considering it as another competitive form of digital currency (and perhaps an even better one). What is ...

Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to make ground. The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite the crypto market capitalization beginning its long plunge from from its all-time high (ATH) of $2.9 trillion in Nov. 2021, monthly developer activity only began to fall in Jun. 2022 after the metric reached its record high of nearly 26,500. This fall was partly attributed to the fall in developer activity in the Terra ecosystem following ...

Why are modular Ethereum Layer-2 scaling solutions best-suited for Web3 developers wanting an efficient and low-fee environment. Arguably the most popular blockchain amongst developers building decentralized applications (dApps), the Ethereum Network is credited with introducing the Web3 community to innovations like smart contracts while maintaining robust security standards. However, in order to solve Ethereum’s scalability issue, a new type of Layer-2 (L2) blockchain was introduced that relies on the Ethereum Mainnet (Layer-1) for its security but processes transactions on separate third-party networks in order to increase throughput speeds. EVM compatibility for higher transaction speeds Importantly,  developers had to ensure that these L2 blockchains were compatible with the Ethereum Virtual Machine (EVM), a run-time environment where Ethereum’s application code and smart contracts are executed, EVM compatibility ensures that smart contracts can be executed in a cross-chain envir...

A new survey showed that developers believe that integrating Web3 will have an impact in terms of user acquisition and retention. As blockchain gaming gains broader adoption, 3 out of 4 game developers are expecting to work on Web3 game projects in the future, according to a recent survey.  Blockchain entertainment firm Coda Labs commissioned a survey, targeting game developers to have a peek at their thoughts about Web3. After conducting the survey, the researchers found that a majority of the respondents believe that Web3 gaming is on its way to their firms. 75% of the participants expect to work on Web3 projects in the future. Apart from this, more than half of the survey participants believe that Web3 will revolutionize the gaming industry. Some believe that Web3 will have an impact in terms of user acquisition and retention. 40% anticipate that implementing Web3 will bring more new users, while 36% believe that Web3 integration will enable games to retain users better. Sekip Can...

The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus. The GameFi champion and metaverse developer Animoca Brands has a billion -dollar fund in its plans, according to a report from Nikkei Asia on Nov. 30. Animoca Brands’ co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion dollars to allot to mid to late-stage startups with a metaverse focus. The fund and the exact amount available to developers have yet to be finalized. Cointelegraph reached out to Animoca Brands for a comment, to which the company confirmed that the fund is “in the works.” According to the interview with Siu there will be no geographical restrictions for those to receive funding and the primary focus will be “everything on digital property rights." He also said the funds are intended to speak to a more mature developmental atmosphere in the Web3 - metaverse space, which allows investor...