Odaily Planet Daily News According to official news, Hedera announced the deprecation of the insecure Hedera Consensus Service (HCS) mirror node endpoint, aiming to continue to enhance security and ensure service reliability. It is reported that the API has been transitioned from the old hcs.＜env＞.mirrornode.hedera.com:5600 endpoint to the new ＜env＞.mirrornode.hedera.com:443 endpoint. Old SDK versions are also affected by this change because they use the old HCS mirror node endpoint. The deprecation schedule is: 1. Preliminary notice: Week of June 10 2. Mid-term reminder: Week of September 9 3. Actual deprecation time: Week of November 11 (6 months from the first notification)

🔨 The game intensifies as the industry enters a new pattern of development. 🔧 (1/2) ⭐️ Observation 1: There is almost no general rise in the market; New pattern judgment: We need to wait for the sustained increment brought by ETF to gather more consensus in the industry, and we also need to wait for the new era of liquidity injection to boost the liquidity in the industry. ⭐️ Observation 2: VC needs a more reasonable valuation for the project, especially when testing or participating in project data research. ⭐️ Observation 3: Memecoin > Value Coin; New Pattern Judgment: The popularity of Meme is limited, and truly valuable value coins will still "return to value" after solving some of their own problems. ⭐️ Observation 4: Airdrop phenomenon; New pattern judgment: For project parties, they need to cooperate with "truly professional witch analysis teams" in depth; For clustered users, they need to study participation strategies in depth while fully considering risks, forming small clusters, decentralizing, and meeting the selection criteria; For ordinary users, they need to conduct project research and participate in projects with higher cost-effectiveness in limited time/funds, and extend strategies based on the "companion thinking" that is deeply bound to the project (community of interests). ⭐️ Observation 5: The coldness of BTC ecosystem narrative; New pattern judgment: It is crucial to activate BTC holders to use BTC, and the stake and restake tracks will be key to achieving this step. The native staking scheme enables the secure use of BTC, and the yield of restaking attracts the continuous development of this process. ⭐️ Observation 6: Exploration of the gaming industry; New pattern judgment: The simple "buying the mother token strategy" is likely to be ineffective in this round, because game projects will focus on maintaining long-term sustainability. Therefore, it may be a good strategy to allow game participants to profit during the game process, rather than pushing up the token price. However, the profit space for individual participants will also be greatly compressed, so studios are likely to have more advantages. "(Sourced from Mirror, with some deletions, and only represents the author's point of view)"

The Mirror Staking Protocol, a Bitcoin Layer 2 network project, announced that its testnet is now live.

PANews reported on March 14 that the Mirror Staking Protocol testnet will be launched at 2 p.m. Beijing time on March 15. Successfully depositing testnetBTC and obtaining a 1:1 EVM-compatible mBTC staking credential will be considered as a successful completion of the test, resulting in 10 user credits. The total reward pool is 10 million MIRR options with a strike price of 0.12U. Rewards will be distributed according to the weight of users' points and will be unlocked over 3 months. Mirror Staking Protocol is a fully decentralized Bitcoin staking protocol. Using the Multisig Group (MSG) algorithm, it can be managed by hundreds or thousands of nodes, effectively balancing the efficiency, security, and decentralization of Bitcoin staking.

According to official information, the Mirror Staking Protocol testnet will be launched at 6:00 a.m. (GMT time) on March 15, and successful deposits of testnetBTC and obtaining a 1:1 EVM-compatible mBTC staking credential will be deemed to have successfully completed the test, resulting in 10 user points. The testnet page will provide detailed steps for users to complete the test. The total reward pool is 10 million MIRR options with an exercise price of 0.12 USDT. Rewards will be distributed in proportion to the weight of users' points and will be unlocked over 3 months. It is reported that Mirror Staking Protocol is a decentralized Bitcoin staking protocol. Utilizing the Multisig Group (MSG) algorithm, it can be managed by hundreds or thousands of nodes to balance the efficiency, security, and decentralization of Bitcoin staking.

PANews reported on March 13 that Mirror L2 has officially changed its name to Mirror Staking Protocol, which will focus more on providing a truly decentralized and secure BTC staking solution for BTC L2 projects, ensuring that BTC is 100% safely transferred to L2 and shared in BTC L2. The Mirror Staking Protocol uses the Overlap Packet Multisig (MSG) algorithm, which is managed by hundreds or thousands of nodes, effectively balancing BTC staking rate, security, and decentralization. The algorithm has been published in top conference papers. This is also a practice of modular blockchain design, generating mBTC that is 1:1 pegged to BTC is EVM-compatible and has been empowered with a restaking mechanism. Mirror provides an absolutely secure and decentralized BTC staking solution for BTC L2 projects, and Mirror and BTC L2 projects are in an upstream and downstream collaborative relationship. If the BTC L2 project is compared to an electric vehicle manufacturer, Mirror provides a battery pack, and if the BTC L2 project is a large model (LLM), Mirror is the computing power center. Mirror plans to build TVL and ecosystem alongside other BTC L2 projects through the "Stake Once, Earn Twice" campaign.

Odaily Mirror L2 has officially changed its name to Mirror Staking Protocol, which will focus more on providing a decentralized and secure BTC staking solution for BTC L2 projects, ensuring that BTC is safely transferred to L2 and shared on BTC L2. The Mirror Staking Protocol uses an Overlap Packet Multisig (MSG) algorithm that is managed by hundreds or thousands of nodes, which has been published in a top-level conference paper. This is also a practice of modular blockchain design, generating mBTC that is 1:1 anchored to BTC is EVM-compatible and empowers the restaking mechanism. Mirror provides a secure and decentralized BTC staking solution for BTC L2 projects, and Mirror and BTC L2 projects are in an upstream and downstream collaborative relationship. Mirror plans to build TVL and ecosystem alongside other BTC L2 projects through the "Stake Once, Earn Twice" campaign.

PANews reported on March 8 that the BTC layer 2 network project Mirror L2 announced that it would open the test network within a week and open the public beta to all users on the network. Users who participate in the beta have a chance to earn points and win MIRR call option airdrops. Mirror L2 is a decentralized Proof of Stake (POS) BTC L2 network that is EVM-compatible and utilizes BTC as GAS. Previously, it announced the completion of its first round of funding, with participation from UTXO, Conflux and IMO Ventures. In addition, Mirror L2 is conducting node elections to generate hundreds of nodes and grant the right to purchase MIRR tokens, which has attracted more than 100 institutions and KOLs to participate in the election.

PANews reported on March 6 that, according to official information, Mirror L2 is conducting node elections to generate hundreds of nodes and grant the right to purchase MIRR tokens, innovatively allowing users to choose who becomes a node investor in Mirror L2. Nodes will receive option rewards ranging from $120,000 to $30,000. At present, there are 200 to 300 influential node investors who intend to participate, such as RockX, Outland, MrBlock, VicTalk, etc.

According to local media Daily Mirror, Sri Lanka Central Bank plans to launch a Central BankDigital Money (CBDC) this year, but no specific date has been announced, and Sri Lankan Central Bank representatives said that the first step is to present a proof of concept to the Central Bank board of directors before conducting the pilot, with the aim of weighing whether the CBDC meets the requirements of the Central Bank.

Paul Veradettakit, Partner of Pantera Capital, released 6 predictions for the crypto space in 2024, including: 1.BTC Renaissance and "DeFi Summer 2.0": In 2024, users will see a proliferation of BTC L2 and other extensible layers to support smart contracts, BTC ecosystem may be combined with some kind of Turing-complete smart contract language. As BTC DeFi infrastructure matures, users may see BTC total value locked (TVL) of DeFi rise from the current $300 million (0.05% of < market capitalization) to 1-2% of BTC market capitalization (currently around $10-15 billion). BTC network NFTs will also become more and more popular; 2. More tokenized social experiences: Tokenization plays a key role in reinventing the social experience. Fungible tokens are more likely to be novel forms of points and loyalty systems, while non-fungible tokens (NFTs) are more likely to act as profiles and social resources. Both can be traded on-chain and participate in the DeFi ecosystem; 3. Increase in TradFi-DeFi "bridges" such as stablecoins and mirror assets: Institutional adoption is expected to increase significantly, and tokenized real-world assets (RWAs) and TradFi financial products will be sought in addition to ETFs. TradFi assets will be "mirrored" in DeFi, while crypto assets will increase their exposure in the TradFi market, creating a TradFi-DeFi "bridge" that will bring the two worlds closer together, thereby increasing liquidity and diversification for investors; 4. Fusion of Modular Narrative and ZK Narrative: Zero-knowledge proofs will be the interface between different components of the modular blockchain stack. This provides more flexibility for developers building DApps and lowers the barrier to entry for the blockchain stack; 5. More compute-intensive applications on-chain, such as AI and DePIN: Computationally expensive applications will become more economically viable on-chain in the near future. This includes vertical applications such as on-chain AI systems, decentralized physical infrastructure networks (DePIN), on-chain knowledge graphs, and fully on-chain gaming and social networks. All of this has the potential to fundamentally reshape the on-chain data economy, dramatically improving the experience for users and developers as they move away from onerous gas fees and severe restrictions on computing power; 6. Public chain integration and the "hub-and-spoke" model of the appchain: The L1 and L2 that have proliferated in the past few years are not really much different from users, and smaller ecosystems must focus on specific verticals (e.g., social, gaming, DeFi) to maintain an advantage, so as to effectively become an "appchain" or "track chain".

PANews reported on November 22 that, according to ibtimes, technology giant Apple was subjected to a class action lawsuit, accusing the company of reaching anti-competitive deals and "mirror agreements" to restrict the use of cryptocurrencies in payment applications. Apple has not made any statement about the class action. An antitrust lawsuit filed last week in federal court in California alleges that Apple forced payment companies like PayPal, Block and Google into agreements that limit the decentralized capabilities of cryptocurrencies. This has resulted in Apple users having to pay higher fees for payment services.

A study by Salus Security co-founder Mirror Tang and his colleagues showed that the privacy features provided by zero-knowledge proofs (ZKPs) can be applied to the Ethereum mainnet, Gold Finance reported. Tang said the study points out that if we can incorporate ZKP technology into the Solidity compiler using computational optimization, we could significantly reduce the gas fees of Ethereum itself. As a result, trading activity will be concentrated in the main network rather than scattered across different L2 ecosystems.