The EThCC (Ethereum Community Conference) held in Brussels brought important updates to Solana and Lido.
During the event, Lily Liu from the Solana Foundation explored the ongoing evolution of the blockchain and its cross-cutting utility. On the other hand, Will Shannon van Lido presented new modules to improve security and decentralization.
Let’s see all the details below.
Solana and Lido: perspectives on decentralization and security from the EThCC in Brussels
As expected, EThCC kicked off in Brussels with overwhelming energy, turning the Belgian capital into an epicenter of blockchain technology.
Lily Liu, President of the Fondazione Solana, discussed the relentless evolution of technology and the tremendous utility that Solana provides. In addition, Liu delved into the unique possibilities of the Solana network.
This challenges the traditional blockchain trilemma by offering performance, capital and liquidity without compromise. According to Lily, Solana is the only ecosystem that can effectively integrate all three of these characteristics.
Titus Capilnean, Vice President of Go-To-Market at Civic discussed the growing threat of artificial intelligence and Web3’s role in digital security.
Titus discussed identity solutions to prevent threats and improve security within the chain and emphasized their importance authorized smart contracts.
He explained that while the concept of permissionless is fundamental, authorization becomes necessary to manage assets related to the real world.
Cassidy Dalyco-founder of Centrifuge, criticized the obsolescence of the current financial system and praised blockchain as the technology that can revolutionize it.
He discussed the impact of inflation on global trade and the importance of decoupling nation-state currencies. According to Cassidy, stablecoins represent a solution to reduce United States control over global trade.
Lido: decentralization and security with the new staking modules
Will Shannonone 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-on-year, Lido aims to deliver the best operational experience with its community staking module (CSM), which is currently in testing phase.
Will has stated that the CSM will be the most secure, accessible, scalableand sustainable staking module on the market.
Finally, Paul Frambot, co-founder and CEO of Morpho Labs, presented an innovative approach to DeFi. In particular, it explains that the future of lending and borrowing protocols will be merged.
This method combines the advantages of monolithic and modular approaches, overcoming the limits of single risk and liquidity fragmentation, respectively. Thus offering an optimal solution for DeFi.
Multicoin Capital Pushes for a Pro-Crypto Senate: Donation Initiative in SOL
Multicoin capitala major cryptocurrency investment firm, has announced an initiative to double Solana’s SOL donations to Republican candidates for Senate.
Kyle Samani, founder and managing partner of Multicoin Capital, announced the initiative last Friday via a detailed message on Twitter. He explained the critical importance of supporting lawmakers who are in favor of cryptocurrencies.
Multicoin will match donations in SOL to the Sentinel Action Fund, up to a maximum of $1 million. 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 his work in creating a crypto-friendly Senate, operating in key states to increase turnout for pro-crypto candidates.
Multicoin’s campaign started on July 5 and will end on July 14. Samani stressed the importance of supporting the lawmakers 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.
Multicoin Capital’s initiative represents an important step toward creating an enabling political environment for cryptocurrencies in the United States, fostering growth and innovation in the sector.