{"id":23471,"date":"2025-04-23T21:01:59","date_gmt":"2025-04-23T21:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23471"},"modified":"2025-04-23T21:01:59","modified_gmt":"2025-04-23T21:01:59","slug":"the-protocol-will-eth-developers-swap-out-the-evm-for-risc-v","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23471","title":{"rendered":"The Protocol: Will ETH Developers Swap Out the EVM for RISC-V?"},"content":{"rendered":"<div>\n<p>Welcome to The Protocol, CoinDesk&#8217;s weekly wrap-up of the most important stories in cryptocurrency tech development. I\u2019m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk\u2019s Tech team.<\/p>\n<p>In this issue:<\/p>\n<ul>\n<li>Vitalik Buterin Proposes Replacing Ethereum\u2019s EVM With RISC-V<\/li>\n<li>Matter Labs, ZKsync Developer, Sued for Alleged Intellectual Property Theft<\/li>\n<li>Scroll\u2019s Euclid Upgrade Pushes It Into \u2018Stage 1\u2019 Decentralization Era<\/li>\n<li>EigenLayer Adds Key \u2018Slashing\u2019 Feature, Completing Original Vision<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<p><strong>This article is featured in the latest issue of <a href=\"https:\/\/www.coindesk.com\/newsletters\/the-protocol\/\">The Protocol<\/a>, our weekly newsletter exploring the tech behind crypto, one block at a time. <a href=\"https:\/\/www.coindesk.com\/newsletters\/the-protocol\/\">Sign up here<\/a> to get it in your inbox every Wednesday.<\/strong><\/p>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3><strong>Network News<\/strong><\/h3>\n<p><strong>SWAPPING THE EVM FOR RISC-V?:<\/strong> Ethereum co-founder Vitalik Buterin shared <a href=\"https:\/\/ethereum-magicians.org\/t\/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v\/23617\">a new proposal<\/a> that would radically overhaul the system that powers its smart contracts. \u200b\u200bButerin&#8217;s suggestion, which he posted on Ethereum&#8217;s primary developer forum, involves replacing the <a href=\"https:\/\/www.coindesk.com\/learn\/how-does-ethereum-work\">Ethereum Virtual Machine<\/a>, the software engine that powers programs on the network, with RISC-V, a popular open-source framework that offers built-in encryption and other benefits. The EVM has long played an essential role in Ethereum&#8217;s development. Other chains that use it can seamlessly connect with apps on Ethereum, and developers on EVM-based networks can transition more smoothly to building applications directly within the Ethereum ecosystem. Buterin argued that transitioning Ethereum to a RISC-V architecture will \u201cgreatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks, and can also greatly improve the execution layer\u2019s simplicity.\u201d <em>\u2014 Margaux Nijkerk <\/em><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/21\/vitalik-buterin-proposes-replacing-ethereums-evm-with-risc-v\">Read more<\/a>.<\/p>\n<p><strong>MATTER LABS SUED FOR ALLEGED INTELLECTUAL PROPERTY THEFT: <\/strong>Matter Labs, the company behind layer-2 blockchain ZKSync, has been sued by BANKEX, a defunct digital asset banking platform, for intellectual property theft. According to a <a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/DocumentList?docketId=yysJKeSWwezNC7V9rozy_PLUS_Q==&amp;display=all&amp;courtType=New%20York%20County%20Supreme%20Court&amp;resultsPageNum=1\">complaint filed Mar. 19<\/a> with the New York State Supreme Court, former BANKEX employees Alexandr Vlasov and Petr Korolev allegedly stole the company&#8217;s technology to start Matter Labs, which received over $450 million in venture capital funding and has become a major player in the blockchain industry. The complaint, which names BANKEX CEO Igor Khmel and the BANKEX Foundation as plaintiffs, <a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=u_PLUS_XtkS8TXmyG8Y2t3sOmHw==\">alleged<\/a> BANKEX was approached by Ethereum co-founder Vitalik Buterin in 2017 to build operational software for &#8220;Plasma,&#8221; a technology that was seen at the time as a way to make Ethereum cheaper to use. \u2014 <em>Margaux Nijkerk <\/em><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/22\/matter-labs-zksync-developer-sued-for-alleged-intellectual-property-theft\">Read more.<\/a><\/p>\n<p><strong>SCROLL EUCLID UPGRADE BRINGS IN STAGE-1 DECENTRALIZATION ERA <\/strong>: Scroll, the Ethereum layer-2 network, shared that it has launched its Euclid upgrade, which the team called its most significant protocol transformation to date.According to Scroll Labs, a key consequence of the upgrade is that it transitions Scroll from a &#8220;stage 0&#8221; to a \u201cstage 1\u201d rollup, meaning the network will retire some centrally-controlled safety features in an effort to become more decentralized. \u201cEuclid represents the biggest leap forward for Scroll since its inception,\u201d the team wrote in a blog post shared with CoinDesk. \u201cIt&#8217;s a statement about Scroll&#8217;s future and its commitment to pushing the boundaries of what&#8217;s possible in the ZK Rollup arena.\u201d \u2014 <em>Margaux Nijkerk<\/em> <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/23\/scrolls-euclid-upgrade-pushes-it-into-stage-1-decentralization-era\">Read more<\/a>.<\/p>\n<p><strong>EIGENLAYER \u2018SLASHING\u2019 FEATURE FINALLY GOES LIVE:<\/strong> Almost one year to the day after Ethereum protocol EigenLayer launched its \u201crestaking\u201d network to unprecedented industry fanfare, the network is finally adding a core feature that was, until now, glaringly absent: \u201cslashing.\u201dEigen Labs hopes slashing \u2014 EigenLayer\u2019s system for keeping \u201crestakers\u201d honest by revoking collateral if they act maliciously \u2014 will finally realize the year-old protocol\u2019s original pitch. \u201cWe are happy to say now that the whole promise has been delivered,\u201d said EigenLayer founder Sreeram Kannan. \u2014 <em>Sam Kessler <\/em><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/17\/eigenlayer-adds-key-slashing-feature-completing-original-vision\">Read more<\/a>.<\/p>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3><strong>In Other News<\/strong><\/h3>\n<ul>\n<li>Traders shorting Strategy (MSTR), the bitcoin buyer whose share price gained 13% in March, may be struggling to find enough stock to repay the lenders who underpinned their bets the company&#8217;s value would fall. More than $180 million worth of trades in MSTR stock failed to settle last month, data from the <a href=\"https:\/\/nakedshorts-271464.gitlab.io\/\">SEC<\/a> and <a href=\"https:\/\/fintel.io\/ss\/us\/mstr\">Fintel<\/a> show. These events, known as Failures to Deliver (FTDs), happen when a seller doesn\u2019t deliver shares to the buyer by the settlement deadline, now just one business day after the trade (T+1). \u2014 <em>James Van Straten and AI Boost<\/em> <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/23\/strategy-stock-saw-180m-in-failed-trades-in-march-possible-short-squeeze-indicator\">Read more<\/a>.<\/li>\n<li>Bitcoin (BTC) has become the <a href=\"https:\/\/x.com\/Almeidathaisa\/status\/1914945591848677570\">fifth-largest asset<\/a> by market capitalization, reaching $1.86 trillion and surpassing Google (GOOG) as it breaks through $94,000. This marks the highest position bitcoin has ever attained in the rankings, even though its market cap previously exceeded $2 trillion when its price was over $109,000. At that time, however, tech stocks were significantly more elevated than they are at the moment. \u2014 <em>James Van Straten<\/em> <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/23\/bitcoin-becomes-fifth-largest-global-asset-surpasses-google-s-market-cap\">Read more<\/a>.<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3><strong>Regulatory and Policy<\/strong><\/h3>\n<ul>\n<li>Paul Atkins has taken the oath to <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-68?utm_medium=email&amp;utm_source=govdelivery\">formally become chairman<\/a> of the U.S. Securities and Exchange Commission, which returns Mark Uyeda to his previous role as a Republican Commissioner after three busy months of service as the agency&#8217;s stand-in chief. Atkins permanently replaces the former chair, Gary Gensler, who the crypto industry had widely seen as its chief antagonist in the U.S. government. \u2014 <em>Jesse Hamilton<\/em> <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/04\/22\/crypto-ally-paul-atkins-sworn-in-to-replace-gary-gensler-atop-u-s-sec\">Read more<\/a>.<\/li>\n<li>Fundraising for sophisticated crypto investment vehicles has yet to fully experience the anticipated positive headwind of the Donald Trump presidency, according to a <a href=\"https:\/\/www.cryptoinsightsgroup.com\/insights\/2q25-outlook-report\">new report by the Crypto Insight Group<\/a>. Momentum &#8220;remains positive but slower than [fund] managers anticipated under the new Trump administration,&#8221; the Hedge Fund Outlook 2Q25 report said. \u2014 <em>Jamie Crawley<\/em> <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/04\/23\/crypto-fundraising-positive-but-slower-than-anticipated-under-trump-administration\">Read more<\/a>.<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3><strong>Calendar<\/strong><\/h3>\n<ul>\n<li>April 30-May 1: <a href=\"https:\/\/www.dubai.token2049.com\/\">Token 2049, Dubai<\/a><\/li>\n<li>May 14-16: <a href=\"https:\/\/consensus2025.coindesk.com\/\">Consensus<\/a>, Toronto<\/li>\n<li>May 19-23: <a href=\"https:\/\/solana.com\/accelerate\">Solana Accelerate<\/a>, New York City<\/li>\n<li>May 20-22: <a href=\"https:\/\/32a20588.isolation.zscaler.com\/profile\/2332cf23-bc6a-418b-a941-f595d0e3ea25\/zia-session\/?controls_id=1b2a819f-aed5-4cac-b3f9-a42698821cd0&amp;region=was&amp;tenant=cac35314c425&amp;user=048e7fef1322ac730ac5bc0dd8e4127afbae24079d74abcc9b766a0224378480&amp;original_url=https%3A%2F%2Fwww.avalanchesummitlondon.com%2F&amp;key=sh-1&amp;hmac=39b3a59869f28fe9a74b3916f3623eb3ae4ff581245726d8b3982e4a91697b25\">Avalanche Summit<\/a>, London<\/li>\n<li>May 27-29: <a href=\"https:\/\/b.tc\/conference\/2025?gad_source=1&amp;gclid=CjwKCAiAiaC-BhBEEiwAjY99qBqo8ep5MyWIANtSPdub2ak1N2v66sI0w-T3finRyD3o44EyLL9s9RoCHsIQAvD_BwE\">Bitcoin 2025<\/a>, Las Vegas<\/li>\n<li>June 30-July 3: <a href=\"https:\/\/ethcc.io\/\">EthCC<\/a>, Cannes<\/li>\n<li>Oct. 1-2: <a href=\"https:\/\/www.token2049.com\/?ref=fintechlabs.com\">Token2049<\/a>, Singapore<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to The Protocol, CoinDesk&#8217;s weekly wrap-up of the most important stories in cryptocurrency tech development. I\u2019m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk\u2019s Tech team. In this issue: Vitalik Buterin Proposes Replacing Ethereum\u2019s EVM With RISC-V Matter Labs, ZKsync Developer, Sued for Alleged Intellectual Property Theft Scroll\u2019s Euclid Upgrade Pushes It Into \u2018Stage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23471","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23471"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23471\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}