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‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet

Coin Telegraph
‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet
Blockchain

Movement Labs co-founder Rushi Manche claims his Ethereum scaling blockchain is peaking at 12,000 transactions a second on testnet.

Ethereum layer-2 blockchain Movement is aiming to be the “first fast” Ethereum scaler, with its co-founder claiming the network can process nearly double the number of transactions a second compared to its fastest rival at its peak.

Movement’s testnet, launched on July 30, had reached a peak of “over 12,000” transactions per second (TPS) and “in theory, could do 30 to 50 thousand,” Movement Labs co-founder Rushi Manche told Cointelegraph at Korea Blockchain Week.

“We’re gonna be the first fast L2 on Ethereum,” he claimed.

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From walls to wallets: Barcelona graffiti artists share their love for Bitcoin

Coin Telegraph
From walls to wallets: Barcelona graffiti artists share their love for Bitcoin
advocates

Nine months after launching, the Street Cy₿er artist collective has over 100 street artists, musicians and Bitcoin enthusiasts involved.

From skate parks and construction sites to train stations and bus stops, a pair of Bitcoin-loving graffiti artists from Barcelona, Spain have been working tirelessly to spread the good word about Bitcoin.

Street Cy₿er, a collective of artists and enthusiasts, has been creating Bitcoin (BTC) street art all over Europe since its formation in January 2023 to raise awareness about the cryptocurrency.

One of Street Cy₿er’s co-founders, “Street,” told Cointelegraph that the crew is made up of over 100 educators, enthusiasts, artists, musicians, activists and journalists. Their efforts can be seen across Barcelona, London, Berlin, Madrid, Prague, Riga (Latvia) and Tallin (Estonia). 

Bitcoin graffiti on Street CY₿ER’s website. Source: Street CY₿ER.

Much of their artwork, which they share on social media, aims to deliver powerful statements about the traditional financial system’s purported failures and where Bitcoin can step in. Other pieces of art simply look to raise awareness about cryptocurrency. Street told Cointelegraph:

“Street art is also a way to bypass the traditional media, which is often controlled by powerful interests.”

He said Street Cy₿er’s motivation behind the Bitcoin street art is plain and simple: to push for a fairer world.

“The symbiosis between street art and Bitcoin is a powerful one. By working together, these two movements help to create a more just and equitable world.”

The Street Cy₿er website’s gallery currently shows more than 70 images of their artwork, all of which feature the Bitcoin logo or mention its name. 

“Buy Bitcoin, defund the state”

Bitcoin graffiti by Street Cy₿er. Source: Street Cy₿er

Speaking to specific pieces of their work, Street said the premise behind “Buy Bitcoin Defund The State” was to get people thinking about how Bitcoin can help create a freer society by reducing the role of the state in people’s lives.

“Bitcoin is a peaceful way to protest against the state and its policies. It is a way to opt out of the traditional financial system [and] escape the tyranny of the state.”

Street said Bitcoin is being used to build a “new society” that flourishes off of individual freedom and voluntary cooperation — a philosophy pushed by many cryptocurrency-anarchists around the world.

“Make war unaffordable”

“Make War Unaffordable” poster. Source: Street Cy₿er

Street says Bitcoin’s scarcity will make it difficult for governments to wage wars because they cannot print more BTC to finance them.

“This will make it more difficult for governments to maintain large militaries and will make war less affordable,” he said.

If wars were hypothetically funded with Bitcoin, the cryptocurrency’s transparency would make it tough for state actors to hide war spending, believes Street, and such attacks would be more likely to be picked up by opposing states.

Graffiti artist at work. Source: Street Cy₿er

Additionally, Street said the “Bitcoin Makes War Unaffordable” message ties back to promoting peace and freedom around the world.

“Print books, not money”

“Print Books Not Money” poster at a bus interchange in Barcelona. Source: Street Cy₿er

Street believes that if states used Bitcoin to fund education as opposed to printing money, free education worldwide could become a possibility.

Due to Bitcoin’s scarcity, governments would think twice about where they allocate it, said Street:

“Bitcoin is a scarce resource, so governments would have to be careful about how they spend it. This would make governments more accountable to their citizens and would help to ensure that education is a top priority.”

Not all of Street Cy₿er’s Bitcoin street art is politically motivated — the crew is also appealing to cartoon lovers by showcasing Bitcoin’s symbol with the likes of Mario and Ronald McDonald.

Bitcoin graffiti by Street Cy₿er. Source: Street Cy₿er

The Street Cy₿er team recently created a “Bitcoin: The Art of Revolution” project based in Barcelona, Spain, which will host several exhibitions, workshops and classes for those wanting to learn more about Bitcoin.

Bitcoin logo around the world

Bitcoin proponents have also been using other innovative ways to spread the word about the cryptocurrency.

In March, a Bitcoin logo captioned “Study Bitcoin” was projected on the European Central Bank in Frankfurt, Germany and on the central banks of other countries such as the Czech Republic and Switzerland.

The projection occurred at a time when the global banking sector was under the spotlight following the collapse of Silicon Valley Bank and Signature Bank in the United States.

Related: Bitcoin has entered a civil war — Over ‘art’

Another Bitcoin logo was shined on Berliner Fernsehturm tower, Germany’s tallest building, a few months earlier in January. The German Bitcoiner behind the idea said they wanted to call attention to the cryptocurrency.

A spartan with Bitcoin-logoed eyes, captioned “HODL (Hold On for Dear Life),” was spotted by pedestrians in Hong Kong in 2020.

The art even received admiration from Tyler Winklevoss, CEO of cryptocurrency exchange Gemini.

Some advocates have gone with simpler means to spread awareness. “Stuff4btc” has been spreading the message by putting stickers on chairs, tables and light poles in the public.

Magazine: Recursive inscriptions — Bitcoin ‘supercomputer’ and BTC DeFi coming soon

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Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges

Bitcoin.com
Onchain Researchers Discover M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
124 BTC
Onchain Researchers Discover M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major ExchangesOn Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge Attack and Help Major […]
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