Weekly Update - Layer 1 & Layer 2 News (Week 1, 4/1/2022-10/1/2022)

CronoScan brings block explorer to Cronos chain $CRO. BTC mining pools recover after internet blackout. The hashrate of major Bitcoin (BTC) mining pools neared recovery on Monday (10 January 2021), days after computing power on the network fell following an internet blackout in Kazakhstan. The situation is now ‘almost resolved’ and crypto mining data centres are back online. Vitalik Buterin has shared a new proposal called ‘multidimensional EIP-1559’. If adopted, the update would affect Ethereum's (ETH) gas fee markets and the base fee charged for different resources within the Ethereum Virtual Machine, Built by the team behind Etherscan, cronoscan brings the most popular block explorer to Cronos (CRO), providing access to advanced features such as charts, developer API endpoints, and smart contract verification. Cronos (CRO) saw a+7.27% increase in total transactions to 10.18M and a decrease of TVL to $1.82B (-7.61%week-on-week). The total number of wallet addresses now stands at 316,910, up +2.61% from last week.