Compiled by | GaryMa Wu’s Blockchain
The Wu’s team summarizes the important developments in the blockchain technology field for March:
Bitcoin
· Update on BIP360 Quantum Resistant Hash (P2QRH): Developer Hunter Beast published an update on his quantum resistance research regarding BIP360 on the Bitcoin-Dev mailing list. He has modified the list of quantum-safe algorithms he proposed and is seeking support for the development of the pay-to-taproot-hash (P2TRH) scheme, aiming for the same security level currently provided by Bitcoin (NIST II), rather than a higher level (NIST V) that would require more block space and CPU verification time.
· The grassroots Bitcoin community is beginning to push for changes to the underlying Bitcoin software, with two Bitcoin Improvement Proposals (BIPs) gaining grassroots support: BIP-119 (CTV) and BIP-348 (CSFS). These proposals introduce new ways to script Bitcoin, enabling the functionality of “Covenants.” Both proposals may be implemented in the next Bitcoin soft fork. In recent weeks, many Western Bitcoin developers have expressed their support for CTV and CSFS on Twitter, which is undoubtedly a strong signal indicating that at least within the social media circles, parts of the Bitcoin community are moving towards accepting these changes.
Ethereum
· The Holesky testnet resumed finality on March 11 at 15:04 with participation from over two-thirds of validators, after being interrupted during the Pectra upgrade on February 24. · Ethereum core developers plan to terminate support for the Holesky testnet in September 2025. All other Pectra features can be tested on Holesky, aside from validator exits.· On March 5, the Sepolia testnet underwent the Pectra upgrade, initially achieving finality but later encountering issues with custom deposit contracts that resulted in empty blocks, which were quickly fixed.· On March 17, the Hooli testnet was launched to address configuration issues from the Pectra upgrade on the Sepolia and Holesky testnets.· On March 26, the Hoodi testnet successfully activated Pectra, with subsequent network operations running smoothly, achieving a stable participation rate of 97% and also achieving finality. Developers noted that Hooli is primarily used for testing validator exits, while Sepolia and Holesky are still used for other tests.· The Pectra mainnet upgrade is tentatively scheduled for April 30 / Slot 115999872.· Due to EIP-6110 issues, it was agreed to discard historical data before the mainnet Merge after agreeing to Pectra; the Sepolia testnet is scheduled for execution on May 1. Note: EIP-6110: Incorporating validator deposit information into execution layer blocks to simplify consensus layer work and optimize validator experience.
Solana
· Solana core developers Max Resnick and Ashwin Sekar jointly released the SIMD-0257 draft, proposing to remove voting fees from the Solana network and optimize the incentive compatibility for timely voting points to enhance network security and validator participation.· The inflation rate adjustment proposal SIMD-0228 ultimately failed to pass validator on-chain voting.
Base
· The Gas Target for blocks has been raised to 30 Mgas/s. It is understood that Base had set a scaling target of 1 Ggas/s (i.e., 1000 Mgas/s) last September and plans to gradually expand by 1 Mgas/s per week. By increasing the Gas Target for blocks, the network can accommodate more transactions in the same timeframe, thereby relatively suppressing the rise in transaction fees when demand increases. The Gas Target differs from the maximum Gas Limit for each block; blocks can temporarily exceed the Target (resulting in increased fees) but cannot exceed the Limit, which serves as a hard cap on block size.
BNB Chain
· On March 21, BNB Chain successfully completed the Pascal hard fork, which introduced the EIP-7702 smart contract wallet, aimed at enhancing EVM compatibility and developer support, as well as optimizing features related to fuel fee abstraction, smart payment interfaces, and batch transactions. The official roadmap for future improvements was announced: the Lorentz upgrade scheduled for April 2025 aims to reduce block time to 1.5 seconds, improving transaction speed and network efficiency. Following that, the Maxwell upgrade planned for June 2025 aims to further accelerate block time to 0.75 seconds.
SUI
· On March 9, Sui announced the integration of WebAuthn-based Passkeys on the testnet, allowing Sui users to create Sui accounts on applications and wallets that support Passkeys using Face ID, Touch ID, or YubiKey, sign transactions without handling private keys or passwords, and access their accounts across devices without manually importing keys.
Near
· On March 23, the NEAR mainnet upgraded from 6 shards to 8, increasing overall network capacity by approximately 33%, with single block resharding eliminating state reconstruction that could take up to an hour, supporting faster scaling to a higher number of shards.
Avalanche
· On March 4, Avalanche announced its 2025 roadmap, with major updates including the Etna network upgrade, the global adoption plan Avalanche9000 Campaign, and the renaming of subnets to Avalanche L1 for increased flexibility.
Sonic
· On March 28, Sonic Labs announced the upcoming launch of the SonicCS 2.0 protocol, a new consensus protocol capable of achieving consensus speed improvements of 2x while reducing memory usage by 68%.
Hyperliquid
· On March 4, the Hyper Foundation stated that after the next network upgrade, the mainnet validator set will be completely permissionless. Similar to the testnet, the top N validators ranked by stake will form the active set. Initially, N will be set to 20 and will increase over time. Additionally, a delegation program has been launched. The delegation program aims to enhance network security and decentralization and support validators committed to the development of the Hyperliquid ecosystem.
Berachain
· On March 12, the specification testnet Bepolia was officially launched, which is fully consistent with the mainnet and has all the contracts and functions required for PoL.· On March 24, PoL (Proof of Liquidity) was officially launched, governance entered the first phase, and the incentive mechanism will begin to take effect, with a new rewards pool being emitted. This change means that BGT holders will have more control and profit opportunities, determining the flow of incentives and supporting the distribution of incentives for users, applications, and validators.
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