The Protocol: Bitcoin Halving Spectacular, With Runes, 'Epic Sat,' Stacks Nakamoto

It's hard not to draw parallels between the general mood across parts of the planet last week, when people were jockeying to glimpse the solar eclipse, and the excitement building this week in the Bitcoin community, as the blockchain's quadrennial halving approaches. Based on the latest estimates, the halving would arrive sometime in the next few days, possibly on the very

Conversely, it's hard not to draw a sharp contrast between this Bitcoin halving and the one that took place four years ago, in May 2020, just as the Covid lockdowns were hitting and people were stuck at home with little else to do but stay up late for the livestreamed geek-outs.

Chart shows an acceleration in the number of layer-2 chains launched each quarter, from the just-released"On-Chain Report Q1 2024" by QuickNode and Artemis, citing data from L2Beat , a 10-week incubator program dedicated to fostering development on Arweave and AO, according to a message from Berenbaum:"Over $35 million in capital has already been committed to the investment pool. The program will start in April and culminate in a Demo Day in June.

The not-so-catchy term for all this is decentralized physical infrastructure networks, which usually gets shortened as DePIN. A catchy amount of money has already been invested, a sign venture capital firms see potential. According to a, a research and development organization dedicated to the privacy and scaling of blockchain technology through zero-knowledge proofs , has raised $4.

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