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The EThCC (Ethereum Community Conference) held in Brussels brought with it important updates for Solana and Lido.
During the event, Lily Liu from the Solana Foundation explored the continuous evolution of the blockchain and its cross-sectional utility. On the other hand, Will Shannon from Lido presented new modules to enhance security and decentralization.
Let’s see all the details below.
Summary
Solana and Lido: perspectives on decentralization and security from the EThCC in Brussels
As anticipated, EThCC kicked off in Brussels with overwhelming energy, transforming the Belgian capital into an epicenter of blockchain technology.
Lily Liu, president of the Fondazione Solana, discussed the relentless technological evolution and the vast utility that Solana offers. Additionally, Liu delved into the unique possibilities of the Solana network.
Which challenges the traditional trilemma of the blockchain by offering performance, capital, and liquidity without compromises. According to Lily, Solana is the only ecosystem capable of effectively integrating all three of these characteristics.
Titus Capilnean, Vice President Go-To-Market at Civic, addressed the growing threat of artificial intelligence and the role of Web3 in digital security.
Discussing identity solutions to prevent threats and improve on-chain security, Titus emphasized the importance of authorized smart contracts.
He explained that, while the concept of permissionless is fundamental, authorization becomes necessary to manage assets connected to the real world.
Cassidy Daly, co-founder of Centrifuge, criticized the obsolescence of the current financial system, praising blockchain as the technology capable of revolutionizing it.
He discussed the impact of inflation on global trade and the importance of detaching currencies from nation-states. According to Cassidy, stablecoins represent a solution to reduce the control exerted by the United States on world trade.
Lido: decentralization and security with the new staking modules
Will Shannon, one of the main contributors to Lido, explained the progress in decentralization and security thanks to the new staking modules for independent node operators.
With a significant increase of 386% in node operators year-over-year, Lido aims to provide the best operational experience with its community staking module (CSM), currently in the testing phase.
Will has stated that the CSM will be the most secure, accessible, scalable, and sustainable staking module on the market.
Finally, Paul Frambot, co-founder and CEO of Morpho Labs, presented an innovative approach to DeFi. In particular, explaining that the future of lending and borrowing protocols will be aggregated.
This method combines the advantages of monolithic and modular approaches, respectively overcoming the limits of single risk and liquidity fragmentation. Thus offering an optimal solution for DeFi.
Multicoin Capital pushes for a pro-crypto senate: donation initiative in SOL
Multicoin Capital, a major cryptocurrency investment firm, has announced an initiative to double the donations in SOL of Solana to Republican candidates for the Senate.
Kyle Samani, founder and managing partner of Multicoin Capital, announced the initiative last Friday through a detailed post on Twitter. He explained the crucial importance of supporting legislators who favor cryptocurrencies.
Multicoin will match donations in SOL to the Sentinel Action Fund, up to a maximum of 1 million dollars. Sentinel is a conservative Super PAC that promotes pro-crypto candidates and innovations in the United States.
Senator Bill Hagerty, a long-time supporter of cryptocurrencies, praised Sentinel for its work in creating a crypto-friendly Senate, operating in key states to increase voter turnout for pro-crypto candidates.
The campaign of Multicoin began on July 5 and will end on July 14. Samani emphasized the importance of supporting the legislators in the upcoming elections. This is because they could significantly influence the future of cryptocurrencies in the United States.
He stated that it is essential to have elected leaders who protect the rights of Americans with crypto assets.
The initiative of Multicoin Capital represents a significant step towards creating a favorable political environment for cryptocurrencies in the United States, promoting growth and innovation in the sector.