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blocks

Solana (SOL) News: Proposal for Bigger Blocks

by admin September 30, 2025

In a bold shift for Solana’s (SOL) scaling roadmap, Jump Crypto’s Firedancer development team has submitted a proposal, known as SIMD-0370, that would remove the block-level compute unit limit.

The change, which the team suggested would be implemented following the deployment of the Alpenglow upgrade, could unlock a new regime of throughput by letting block producers have bigger blocks.

Under today’s design, each block is bounded by a maximum allowable compute units, a safety measure and maximum workload meant to stop validators from getting overwhelmed. Currently, the limit on Solana is at 60 million compute-units. Earlier this year, another group of Solana core developers submitted a paper arguing to lift the limit to 100 million compute-units.

But with the upcoming Alpenglow upgrade, some developers say that cap is no longer necessary. And if that cap is lifted, blocks would be able to fit as many transaction they can, depending on how high performing their validators are.

Supporters say this flexibility could make Solana more resilient during periods of high demand, such as when new tokens launch or DeFi activity spikes. Bigger blocks would mean more transactions can get through, reducing the kinds of congestion and failed trades that frustrate users.

Still, some debated that blocks today on Solana aren’t full so there would be no tangible difference for end users. “We haven’t had any time where demand would spike median fees or average fees significantly. So it’s not even clear that burst capacity would be meaningful,” wrote Anatoly Yakovenko, the founder of the Solana blockchain, on the developer proposal forum.

The proposal is still in the discussion stage, and the Solana community will need to decide if the benefits outweigh the risks. If approved, it could mark a new chapter in Solana’s scaling story.

Read more: Solana Eyes 66% Block Size Bump With New Developer Proposal as Network Demand Grows

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September 30, 2025 0 comments

Crypto Trends

Upbit unveils GIWA, a fast Ethereum Layer 2 with 1-second blocks

by admin September 9, 2025

The choice of a layer-2 network for South Korea’s largest exchange is a testament to Ethereum’s central role in the DeFi space.

Summary

South Korea’s largest crypto exchange is launching its own network
Giwa network will be a layer-2 chain, built for fast speeds
Upbit dominates South Korea’s crypto market with 73.4% of volumes

South Korea’s largest crypto exchange, Upbit, has officially stepped into blockchain infrastructure. On September 9, the exchange launched GIWA Chain, an Ethereum layer-2 network built on the Optimism OP Stack. The launch was announced at the Upbit D Conference (UDC) in Seoul after teasers in the days leading up to the event.

Giwa Network will feature one-second block times and EVM compatibility. At the same time, the network will leverage Ethereum to secure transactions. This enables the network to offer faster transactions while ensuring it is secure against attacks. Its name, Giwa, comes from traditional Korean roof tiles and symbolizes scalability.

In addition to Giwa Network, Upbit also unveiled a Giwa wallet, which will feature support for some of the larger EVM-compatible networks. The exchange will also launch a developer sandbox with full documentation in English and Korean to help developers build on the chain.

Upbit dominates Korea’s CEX market

Upbit is a dominant player in the South Korean crypto market. In 2024, the exchange accounted for 73.4% of trading volume on CEXs, processing $2 to 4 billion in daily volume. The exchange also has 8 million users, most of them in Asia.

Upbit was gearing up for a big reveal in the days ahead of the announcement. As reported by several sources, Dunamu, its parent company, filed for a Giwa trademark. Upbit also set up a timer on the Giwa website counting down to the launch. Still, earlier reports by Cointelegraph that the network would be a layer-1 chain turned out to be incorrect.

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September 9, 2025 0 comments

Gaming Gear

Bluesky blocks Mississippi under new age verification law

by admin August 25, 2025

Bluesky will block access from Mississippi IP addresses in response to a new state law requiring age verification and parental consent for underage users. The decision, outlined in a blog post, will stand until courts decide the fate of the law.

“Mississippi’s approach would fundamentally change how users access Bluesky,” says the post, in ways that rules like the UK’s Online Safety Act (which Bluesky complies with) don’t. The law, HB 1126, “would block everyone from accessing the site — teens and adults — unless they hand over sensitive information, and once they do, the law in Mississippi requires Bluesky to keep track of which users are children.” In the UK, by contrast, users are only blocked from accessing direct messages and sensitive content unless they undergo a verification process using a third-party tool. “Building the required verification systems, parental consent workflows, and compliance infrastructure would require significant resources that our small team is currently unable to spare as we invest in developing safety tools and features for our global community, particularly given the law’s broad scope and privacy implications.”

HB 1126 is one of numerous attempts to age-gate social media in the US, but most similar laws have been blocked under court challenges as likely unconstitutional. HB 1126 went into effect thanks to an unexplained decision by the Supreme Court earlier this month, rejecting an emergency request to block it while a legal challenge progresses. A concurring opinion from Justice Brett Kavanaugh acknowledged that the law probably violated the First Amendment but said the plaintiffs had not sufficiently demonstrated harms. While the court has said that age verification can be used to block minors from accessing explicit sexual content without unduly burdening adults’ access to information, there’s no precedent extending that option to social media in general.

Now, however, Bluesky users who log in from inside the borders of Mississippi (without a VPN, anyway) will be met with a message explaining the decision. The decision applies specifically to the Bluesky app; other apps and services on the decentralized AT Protocol will make their own calls about access.

“Child safety is a core priority, and in this evolving regulatory landscape, we remain committed to building an open social ecosystem that protects users while preserving choice and innovation,” the post says. “We’ll keep you updated as this situation develops.”

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August 25, 2025 0 comments

GameFi Guides

South Korea Blocks Lending Services

by admin August 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korea’s financial regulator has ordered a stop to all crypto lending on local exchanges, saying the fast-growing products lack proper rules and pose risks.

The Financial Services Commission (FSC) issued administrative guidance that takes effect immediately and will stay in place until new lending rules are written.

Regulator Moves To Halt Crypto Lending

According to the FSC, exchanges must suspend services that let users borrow against crypto or fiat deposits. Existing loans are not being wiped out; borrowers can still repay or extend under current contracts.

Reports say the order is an administrative step, not a criminal ban, but platforms that ignore it may face on-site inspections from authorities.

South Korea confirms that the only “investment” the U.S. is getting out of them is in the form of high interest rate loans.

Just like Japan. pic.twitter.com/REDeuP8DvC

— Spencer Hakimian (@SpencerHakimian) August 4, 2025

Rapid Uptake And Big Numbers

Based on reports, lending offerings exploded after early July. Upbit launched a program letting customers borrow up to 80% of the value of their deposits, using USDT, Bitcoin and XRP as collateral.

Rival Bithumb offered loans worth up to four times a customer’s holdings, and other local platforms quickly followed.

One company’s first month drew roughly 27,600 investors who borrowed about 1.5 trillion won ($1.1 billion), according to the regulator. Market swings pushed about 13% of those borrowers into liquidation, the FSC added.

BTCUSD trading at $115,564 on the 24-hour chart: TradingView

Liquidations And Stablecoin Strain

Reports have disclosed an unusual sell-off in USDT tied to the lending push, and that move briefly disturbed stablecoin pricing on some Korean platforms.

Forced liquidations and a sudden rush to sell can magnify losses for ordinary users, which is exactly what alarmed regulators. That mix of heavy borrowing and market stress is what the FSC flagged as a systemic worry.

Exchanges Pivot As Rules Loom

Upbit and Bithumb had already paused lending once in July; Bithumb later resumed under stricter terms before this fresh suspension.

At the same time, industry players are preparing for more regulated business: Dunamu, which runs Upbit, unveiled a custody service that stores assets in cold wallets for corporate and institutional clients.

Reports also point to the ruling party’s Digital Asset Basic Act, a proposal that would formally allow lending services inside exchange operations — but only once rules are set.

Push For Rules While Opening New Doors

Officials say they will move quickly to build a clear rulebook for digital asset lending to protect users and keep markets steady.

South Korea appears to be loosening other curbs: authorities are clearing the way for the country’s first spot crypto ETFs and are working on a won-pegged stablecoin framework.

That shows regulators want to encourage safer forms of crypto access, while trimming riskier retail products.

Featured image from Verdict, chart from TradingView

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August 19, 2025 0 comments