October 2024 Work Progress Report: CKB and ZEPH updates, Pyrin issues
Nervos CKB update
The latest release of Nervos CKB, version 0.119.0, was introduced on October 25, 2024. This update is pivotal in launching a new preview chain that provides a testing environment for the upcoming hard fork on the Nervos network. Here are the highlights:
- New chains for preview: Enhances transparency and readiness by allowing developers and users to participate in hardfork changes prior to official deployment.
- Testnet activation: The hard fork has been activated on the testnet, and nodes will need to update to the latest version to participate and test changes effectively.
- Compatibility: Ensures compatibility across different network phases, including developments planned for future eras.
Notable improvements and bug fixes in this release address multi-threading issues, script optimization, and transaction conflict resolution, contributing to the overall robustness of the network.
Zephyr Protocol v2.0.0 – ZSD Yield Release
A major update to version 2.0.0 of Zephyr, known as the ZSD Yield Release, has been released to support the new ZSD Yield Mechanism. Important changes and improvements include:
- ZSD yield mechanism: Users can now stake ZSD and receive Zephyr Yield Shares (ZYS), a new asset that represents shares of the ZSD Yield Reserve.
- Block reward reconstruction: To support the new yield system, block rewards have been reallocated, significantly changing the distribution to favor reserve accumulation while eliminating governance rewards.
This update brings significant changes to Zephyr’s approach to value storage and distribution, aimed at improving stability and growth within the ecosystem.
Purine network uncertainty
In October, the Pyrin project encountered an unexpected problem. The developers suddenly left the project and shut down all associated online platforms, raising significant doubts about the future of the Pyrin network. As a result:
- The official Pyrin website and social media channels have been disabled, eliminating a direct source of information and updates.
- Mining continues, but the stability and viability of PYI is now in question and no new deposits are accepted on the exchange.
- Bitcoin payments for PYI mining have been suspended, reflecting the uncertainty surrounding the continuation of the project.
We advise miners to proceed with caution and consider mining other cryptocurrencies. Use 2CryptoCalc.com to evaluate the profitability of available options.
As always, we are here to support your mining efforts and will keep you updated on all developments through our X (Twitter) and Telegram miner communities. Your mining success is important to us, and we are committed to meeting these challenges together.
