Weekly Layers 1 & 2 Update (Week 23, 07/06/2022 – 13/06/2022)

[FXMAG]

.2022 12:57
Weekly Layers 1 & 2 Update (Week 23, 07/06/2022 – 13/06/2022)
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Hacker returns stolen Optimism tokens. Solana disables buggy feature. Jack Dorsey announces Web5.

Key Takeaways
Optimism (OP) hacker partially returned 20 million OP stolen during a botched transfer, with 1 million OP sent to Vitalik Buterin.
Jack Dorsey announced plans to bypass Web3 and build a decentralised web using a Bitcoin-based (BTC) identity management system called Web5.
Solana (SOL) released a postmortem report and disabled the durable nonce transaction feature, which caused a 4.5-hour outage on 1 June.
Cronos (CRO) reached 46.31 million total transactions, increasing +2.70% from last week.
Highlights
Bitcoin’s hashrate hits an all-time high, nearing 300 exahash per second
Terra’s Anchor protocol users vote to halt ‘earning and borrowing’
Hut 8 Mining opens third facility, hits 7,000 Bitcoin (BTC) in reserves
Crypto miner Hive Blockchain selling Ether (ETH) to pay for Intel mining rigs
Storage blockchain Crust Network to launch External Adapter on Chainlink (LINK)
Cube Chain launches high-performance modular mainnet to meet market demand for Web3
Elrond L1 network hacked, with US$1.65M EGLD stolen
FatManTerra launches non-profit LUNA validator for UST compensation
Bitcoin Lightning Network capacity charges through 4,000 BTC
Chinese chip designer reportedly filed for US$50M Nasdaq IPO
Jack Dorsey and Jay-Z announce the Bitcoin Academy in Brooklyn, New York
Layer 1 Project Metrics

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