Last Update 11:44 PM July 26, 2024 (UTC)

Web3 | Identosphere Blogcatcher

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Friday, 26. July 2024

Epicenter Podcast

Mel Project: Is Web3 Truly Decentralised? - Eric Tung

Web3’s decentralisation is currently limited to smart contracts as they can be verified on-chain. However, until scalability and UX become on par with that of Web2, the only realistic way for crypto to reach mass adoption is threw off-chain dApps. This creates the premise for a security bottleneck in the form of centralised APIs used for on-chain querying. Mel Project aims to expand on-chain secur

Web3’s decentralisation is currently limited to smart contracts as they can be verified on-chain. However, until scalability and UX become on par with that of Web2, the only realistic way for crypto to reach mass adoption is threw off-chain dApps. This creates the premise for a security bottleneck in the form of centralised APIs used for on-chain querying. Mel Project aims to expand on-chain security and decentralisation (consensus) to off-chain apps, basically achieving off-chain composability through trustless light clients. Earendil, the backbone of their ecosystem, designed to resist ISP-level censorship, is a decentralized anonymous communication and payment network that enables autonomous applications and true P2P protocols.

Topics covered in this episode:

Eric’s background and founding Mel Project Why Ethereum came short Is Infura a security bottleneck? Liberating markets (and the Internet) Light clients and how Mel Project tackles them Use cases Smart contracts on Mel Project Scaling the ‘world computer’ Mel Project’s consensus: Streamlet Why Mel Project chose an UTXO model Earendil & ISP-level censorship resistance Roadmap The Geph VPN Mel Project’s low volatility (stable) coin $SYM: PoS token Misc.

Episode links:

Eric Tung on Twitter Mel Project on Twitter Geph VPN on Twitter Moxie Marlinspike's 'My first impressions on web3' article Streamlet BFT consensus model

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.


bankless

ROLLUP: ETFs Flop? | BTC on U.S. Balance Sheet? | Polymarket Booming | Japan Tanking Markets

Bankless Friday Weekly Rollup 4th Week of July 2024 ------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod   ------ BANKLESS SPONSOR TOOLS: 🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap  ⚡️ FUE

Bankless Friday Weekly Rollup 4th Week of July 2024

------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod  

------ BANKLESS SPONSOR TOOLS:

🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/39?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E

------ TIMESTAMPS & RESOURCES

00:00:00 Intro

00:02:15 Why Did Markets Nuke? https://x.com/zerohedge/status/1816299674006855821  https://x.com/cburniske/status/1816304411892670769  https://x.com/RyanDetrick/status/1816323820032012345  https://pro.kraken.com/app/trade/btc-usd  https://x.com/BitcoinNewsCom/status/1815478479263043974  https://x.com/DavidLRipley/status/1815880303254323603  https://x.com/TrustlessState/status/1815713932453028059  https://pro.kraken.com/app/trade/eth-usd  https://www.coingecko.com/en/global-charts 

00:09:33 L2 Updates https://x.com/JustDeauIt/status/1813634431804211426  https://x.com/JustDeauIt/status/1813634434782114299  https://x.com/JustDeauIt/status/1813634437885919679  https://x.com/JustDeauIt/status/1813634440809353596 

00:11:56 Cycle Phase 2 https://imgur.com/a/UF8pspv  https://imgur.com/a/zGqV0iC   https://x.com/richwgalvin/status/1815174750668542279?s=46 

00:19:19 ETH ETF Results https://x.com/NateGeraci/status/1815545262133399700  https://x.com/EricBalchunas/status/1815728515641213387/photo/1  https://x.com/EricBalchunas/status/1815747485505052950  https://x.com/JSeyff/status/1816061764926087481  https://x.com/JSeyff/status/1815958023317205232  https://x.com/EricBalchunas/status/1816077866208993653  https://x.com/EricBalchunas/status/1815890742457278751  https://x.com/EricBalchunas/status/1816232046249058604 

00:24:12 Recap From Issuers https://farside.co.uk/?p=1518  https://imgur.com/cOK7F61  https://x.com/NateGeraci/status/1815506510564462933?t=jIri_bI8nEwT-ap1UFTWHg&s=19  https://x.com/NateGeraci/status/1815556927918600209  https://x.com/BitwiseInvest/status/1815486131376370002   https://x.com/BitwiseInvest/status/1815716188447482341  https://x.com/EricBalchunas/status/1815775953554932076 

Permissionless:  https://blockworks.co/event/permissionless-iii 

00:29:33 Kamala Pro Crypto? https://x.com/jchervinsky/status/1815131074097549776  https://x.com/DeItaone/status/1815813380256719213  https://x.com/RyanSAdams/status/1816125576891031708  https://x.com/RyanSAdams/status/1816213070047519153 

00:36:05 Bitcoin Conference Conspiracy https://x.com/RyanSAdams/status/1816476366021316648  https://www.foxbusiness.com/politics/wyoming-sen-lummis-plans-announce-legislation-strategic-bitcoin-reserve-nashville-conference  https://x.com/Tyler_Did_It/status/1815428108092084254 

00:43:43 Nic Carter Fight Night https://x.com/TrustlessState/status/1816476721153282305  https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1721926760445  https://x.com/AltcoinDailyio/status/1815849283826114586 

00:49:17 Is Polymarket Crypto's Killer Use Case? https://x.com/balajis/status/1815134501171060756?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://x.com/yugacohler/status/1807424956529344989?s=46 

00:54:19 Coinbase Tokenized Money Market Fund https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/ 

00:54:41 Jito Restaking https://x.com/jito_sol/status/1816488798374830164 

00:55:16 Really Interesting Survey Results https://x.com/thetrocro/status/1815491534550417525  https://x.com/thetrocro/status/1815491549704438090 

00:59:26 Proton Wallet Release https://x.com/ProtonWallet/status/1816090220359475651 

01:00:50 Meme Of The Week https://x.com/RyanSAdams/status/1816194402831982975 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Thursday, 25. July 2024

Circle Press

Circle Supports Pioneering Humanitarian Aid Entrepreneurs with Unlocking Impact Pitch Competition

Upcoming competitions in DC and New York present projects and startups a chance to win $100K USDC

Upcoming competitions in DC and New York present projects and startups a chance to win $100K USDC


Nym - Medium

Welcoming new additions to the Nym team

Head of Marketing and two new devs joining the Nym privacy project New Head of Marketing will lead NymVPN into a growing market of users, and new devs will help optimize the performance of the app and network through its Beta phase and beyond. Nym is excited to introduce the Nym community to three new team members, including a new Head of Marketing joining Nym from NordVPN. As Ny
Head of Marketing and two new devs joining the Nym privacy project

New Head of Marketing will lead NymVPN into a growing market of users, and new devs will help optimize the performance of the app and network through its Beta phase and beyond.

Nym is excited to introduce the Nym community to three new team members, including a new Head of Marketing joining Nym from NordVPN.

As NymVPN enters its Beta testing phase in preparation for its full launch, it is crucial now more than ever to make sure the app is up to scratch. And it is equally important to make sure that Nym’s public image communicates the privacy-enabling power of its technology. The whole world deserves to finally have and understand the real tool we needs to protect our data against surveillance and misuse.

Meet Nym’s new Head of Marketing

First off, Nym is very excited to welcome Robinson Jardin to the Nym core team as Head of Marketing.

Before joining Nym, Rob spent four years at NordVPN as the Head of Digital & Social Media, which he helped scale to over 14 million users. Rob will play a crucial role in building Nym’s marketing team and launching NymVPN to the world. Privacy through a mixnet, remember, needs real scale.

Two things drew the Nym team to Rob. First, there is his experience in promoting a massively successful VPN product, and NordVPN needs no introduction. Second, Rob has a lifelong obsession with all things design, from popular advertising to 16th century tapestries. Every technology needs a good design. And Rob is well-positioned to give NymVPN the public image it deserves as the world’s most private VPN technology with unique aesthetic tastes.

The challenge that Rob will be tackling is how to get millions of ordinary people to realize that NymVPN solves a real world problem: being genuinely private online. By scaling client traffic through the mixnet, all users will essentially have more privacy: the larger the crowd, the greater the anonymity. Nym taking a note from NordVPN’s playbook also means changing the nature of the game.

As digital surveillance and threats grow, everyone in the world needs strong privacy protections more than ever. But few actually have it through available VPNs. Online privacy is a legitimate expectation, as Rob says, but unfortunately it’s not yet a reality. For Rob, NymVPN is one of the few real cybersecurity solutions that can be trusted because it does not involve trust by design.

Any groundbreaking product must do more than simply work: it also has to communicate to people what it does for them. And with Rob on board, Nym can really begin the work of communicating NymVPN’s global potential.

Don’t miss a chance to meet Rob and hear his strategies for Nym at the next Nym community live-stream tonight at 4:00 CET.

Meet Andrej Mihajlov, Lead Desktop Engineer

Also joining Nym as Lead Desktop Engineer is Andrej Mihajlov. Andrej brings a ton of VPN dev experience from his work as Lead Rust Engineer & Architect at Shiva VPN and Senior Engineer at Mullvad VPN. He has been instrumental in developing cross-platform VPN applications, reducing time to market, and managing top-level engineering teams worldwide.

Andrej also built a MVP for macOS/Windows in record time using a multi-process architecture, developed industry-leading robust VPN service processes and functionality, and integrated various OS using Rust and Swift.

For NymVPN to be an accessible tool, it needs to be widely compatible. Andrej’s technical expertise and trusted leadership will be crucial as the engineering team continues to innovate and enhance Nym’s desktop applications and overall user experience.

Meet Dinko Ždravac, Rust Engineer

Dinko Ždravac is also joining the dev team as the in-house Rust engineer and specialist. Dinko has extensive experience building and maintaining Docker micro-services in Rust, optimizing CI/CD pipelines, and developing scalable hosting solutions. He has worked with both banking and government clients, focusing on user asset protection and advanced cryptographic protocols.

Throughout his career, Dinko has bootstrapped and optimized Gitlab CI, reduced cloud costs through automatic deprovisioning, and developed secure micro-services with robust authentication flows.

Rust is integral to Nym’s infrastructure, offering memory safety and performance benefits critical for developing secure and efficient privacy technologies. Nym is thus very excited to work with Dinko and his expertise in machine learning, especially as threats from AI-powered data tracking advance quickly.

Rowing NymVPN forward

As NymVPN steers toward market, Nym is making sure that all the best hands are on deck, and that the ship is in state for the open seas. Privacy loves company, and we’re expanding the crowd one deck-hand at a time.

You can also be an important part of that, so check out the Nym community forum, learn how to run a node, alpha test the NymVPN, and at least drop in this afternoon to hear Rob’s plans for the marketing front of the voyage.

Join the Nym Community

Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Welcoming new additions to the Nym team was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Founders Playbook: Lessons from Riot, Discord, & More

Gaming is not just entertainment—it's a revolution reshaping our culture, technology, and economy.  a16z’s Jonathan Lai and Andrew Chen dive into the current gaming renaissance and its future impact. Joining them are Michael Chow, CEO and Steven Snow, CPO of The Believer Company, and Eros Resmini, Founder and Managing Partner of The Mini Fund. They explore the intersection of tech, art, psy

Gaming is not just entertainment—it's a revolution reshaping our culture, technology, and economy. 

a16z’s Jonathan Lai and Andrew Chen dive into the current gaming renaissance and its future impact. Joining them are Michael Chow, CEO and Steven Snow, CPO of The Believer Company, and Eros Resmini, Founder and Managing Partner of The Mini Fund.

They explore the intersection of tech, art, psychology, and design in gaming, discussing how startups can navigate intense competition, distribution challenges, and high production costs. With insights from these industry leaders, this episode covers the transformative potential of AI, the importance of player feedback, and strategies to stand out in a crowded market.

Recorded during Speedrun, a16z’s extensive games accelerator, this episode offers a glimpse into the strategies and innovations driving the gaming industry forward.

 

Resources: 

Find Steven on Twitter: https://twitter.com/StevenSnow

Find Michael on LinkedIn: https://www.linkedin.com/in/believer-paladin/

Find Eros on Twitter: https://twitter.com/erosresmini

Find Jonathan on Twitter: https://twitter.com/Tocelot

Find Andrew on Twitter: https://twitter.com/andrewchen

Learn more about Speedrun: https://a16z.com/games/speedrun/

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Empiria

Empe Testnet Validators Guide

Empeiria is moving into the next, open phase of its Empe Testnet program. Do you want to join as node validators and help us build a robust and secure network? You’ve come to the right place! This guide will equip you with the knowledge and steps needed to set up your validator on the Empe Testnet. Before you jump in, here are some of the participation benefits: Network Security & Stab

Empeiria is moving into the next, open phase of its Empe Testnet program. Do you want to join as node validators and help us build a robust and secure network? You’ve come to the right place!

This guide will equip you with the knowledge and steps needed to set up your validator on the Empe Testnet. Before you jump in, here are some of the participation benefits:

Network Security & Stability: Your validator node will contribute to the overall health and security of the Empe network. Hands-on Experience: You will gain valuable practical experience with our End-to-End Verifiable Data Infrastructure (EVDI).

In this guide, you will find all the essential information necessary to become an Empe Testnet validator, including hardware requirements and detailed installation and configuration instructions.

For any additional questions or suggestions, please contact us at validators@empe.io.

You can find further information in the Empeiria Technical Documentation.

Ready to dive in? Let’s get started!

Participation Who can participate in the testnet as a validator?

To participate, read the Empeiria Technical Documentation and follow the node setup instructions.

Follow Empeiria on X and join the Empe Testnet Validators Telegram channel to stay updated on the latest developments, including the upcoming launch of Empe Mainnet.

What are the hardware and software requirements for running a validator node?

These are the recommended hardware configurations that can be used to create a new Empe Testnet validator machine. Please note that the higher the effort you put into creating a stable and robust machine and lower the chances of getting slashed due to downtime.

Validator Operations How do I configure my node to connect to the testnet?

Please see the validators instructions below for complete configuration instructions.

Troubleshooting & Support Where can I find support if I encounter issues with my validator node?

For support, join the Empe Testnet Validators Telegram channel or contact the Empeiria tech team at validators@empe.io

How do I report a bug or security vulnerability?

Please report bugs or security vulnerabilities via email at validators@empe.io

What should I do if I suspect my node has been compromised?

If you suspect that your node has been compromised, please turn it off and report it to us via email at validators@empe.io

Community & Communication How can I stay updated with the latest news and updates about the testnet?

Follow Empeiria on X and join the Empe Testnet Validators Telegram channel for the latest announcements, including updates on the upcoming transition to the next open phase.

Validators Instructions Hardware requirements

Below, you will find the recommended hardware configurations that can be used to create a new Empe Testnet validator machine. Please note that the higher the effort you put into creating a stable and robust machine and lower the chances of getting slashed due to downtime.

Operating System: Ubuntu 18.04 or later LTS Number of CPUs: 6 RAM: 32 GB SSD: 240 GB

In addition, make sure that the following requirements are met:

Allow incoming connections on port 26656 Have a static IP address Have access to the root user Required software installation

Install the required software:

sudo apt update && sudo apt upgrade -y
sudo apt install -y git gcc make unzip jq

Add Go to the path:

echo 'export PATH=$PATH:/usr/local/go/bin' >> ~/.profile
echo 'export PATH=$PATH:/home/$USER/go/bin' >> ~/.profile

source ~/.profile Install binary from source code (option A)

As our chain is not yet publicly open-sourced, please contact us (at validators@empe.io) if you want to get access to the repository.

Clone repository and checkout to proper tag:

git clone --depth 1 --branch release/v0.1.0 https://github.com/empe-io/empe-chain

Go to dir and build project:

cd empe-chain/
make install

Check binary version should be equal

emped version

output: v0.1.0 Install prebuild binary (option B)

The emped binary serves as the node client and the application client. In other words, the emped binary can be used to both run a node and interact with it.

For Linux Distributions

Download the tar.gz file:

curl -LO https://github.com/empe-io/empe-chain-releases/raw/master/v0.1.0/emped_linux_amd64.tar.gz

Verify the checksum:

sha256sum emped_linux_amd64.tar.gz

You should see the following:

5353de7004bbacc516d6fc89d7bbcbde251fbba8c4bdccb2a58f8376e47ab753 emped_linux_amd64.tar.gz

Unpack the tar.gz file:

tar -xvf emped_linux_amd64.tar.gz

Move the binary to your local bin directory and make it executable:

mkdir -p ~/go/bin
sudo mv emped ~/go/bin
chmod u+x ~/go/bin/emped

Open a new terminal window and check if the installation was successful:

emped version

You should see the following:

v0.1.0 Configure a node

Select a chain:

export CHAINID=empe-testnet-2
export MONIKER=<your moniker>

Init chain and delete generated genesis:

emped init $MONIKER --chain-id $CHAINID
rm -rf ~/.empe-chain/config/genesis.json

Clone repository with chains:

git clone https://github.com/empe-io/empe-chains.git
cd empe-chains/testnet-2/

Copy genesis file from repo:

cp genesis.json ~/.empe-chain/config/

Change the persistent peers inside config.toml file:

sed -e "s|persistent_peers = \".*\"|persistent_peers = \"$(cat .data | grep -oP 'Persistent peers\s+\K\S+')\"|g" ~/.empe-chain/config/config.toml > ~/.empe-chain/config/config.toml.tmp
mv ~/.empe-chain/config/config.toml.tmp ~/.empe-chain/config/config.toml

Set minimum gas price in app.toml file:

sed -e "s|minimum-gas-prices = \".*\"|minimum-gas-prices = \"$(cat .data | grep -oP 'Minimum Gas Price\s+\K\S+')\"|g" ~/.empe-chain/config/app.toml > ~/.empe-chain/config/app.toml.tmp
mv ~/.empe-chain/config/app.toml.tmp ~/.empe-chain/config/app.toml

Change external_address value to contact your node using the public IP of your node:

PUB_IP=`curl –s –4 icanhazip.com`
sed -e "s|external_address = \".*\"|external_address = \"$PUB_IP:26656\"|g" ~/.empe-chain/config/config.toml > ~/.empe-chain/config/config.toml.tmp
mv ~/.empe-chain/config/config.toml.tmp ~/.empe-chain/config/config.toml Cosmovisor setup

Install cosmovisor

Run go install to download cosmovisor:

go install cosmossdk.io/tools/cosmovisor/cmd/cosmovisor@latest

Create dir structure for cosmovisor:

export DAEMON_NAME=emped
export DAEMON_HOME=$HOME/.empe-chain/
mkdir -p $DAEMON_HOME/cosmovisor/genesis/bin
mkdir -p $DAEMON_HOME/cosmovisor/upgrades

Copy emped binary to cosmovisor genesis bin:

cp ~/go/bin/emped $DAEMON_HOME/cosmovisor/genesis/bin
$DAEMON_HOME/cosmovisor/genesis/bin/emped version

Setup systemd:

sudo tee /etc/systemd/system/cosmovisor.service> /dev/null <<EOF
[Unit]
Description=cosmovisor
After=network-online.target

[Service]
User=$USER
ExecStart=/home/$USER/go/bin/cosmovisor start
Restart=always
RestartSec=3
LimitNOFILE=4096
Environment="DAEMON_NAME=emped"
Environment="DAEMON_HOME=/home/$USER/.empe-chain"
Environment="DAEMON_ALLOW_DOWNLOAD_BINARIES=false"
Environment="DAEMON_RESTART_AFTER_UPGRADE=true"
[Install]
WantedBy=multi-user.target

EOF

Run a node:

sudo systemctl enable cosmovisor
sudo systemctl start cosmovisor

Check status:

sudo systemctl status cosmovisor

Logs from cosmovisor:

sudo journalctl -f -u cosmovisor Sync with state-sync

State-sync is a module built into the Cosmos SDK to allow validators to rapidly join the network by syncing your node with a snapshot-enabled RPC from a trusted block height.

This greatly reduces the time required for a validator or sentry to sync with the network from days to minutes. The limitations of this are that there is not a full transaction history, just the most recent state that the state-sync RPC has stored. An advantage of state-sync is that the database is very small in comparison to a fully synced node, therefore using state-sync to resync your node to the network can help keep running costs lower by minimizing storage usage.

By syncing to the network with state-sync, a node can avoid having to go through all the upgrade procedures and can sync with the most recent binary only.

For nodes that are intended to serve data for dapps, explorers, or any other RPC requiring full history, state-syncing to the network would not be appropriate.

Testnet state-sync

Snapshot are operated on rpc1 and rpc2

WARNING: This documentation assumes you have followed all previous instructions.

The state-sync configuration (in app.toml) is as follows (no need to update it):

# snapshot-interval specifies the block interval at which local state sync snapshots are
# taken (0 to disable). Must be a multiple of pruning-keep-every.
snapshot-interval = 1000

# snapshot-keep-recent specifies the number of recent snapshots to keep and serve (0 to keep all).
snapshot-keep-recent = 10

Set SNAP_RPC1 and SNAP_RPC2 variable

SNAP_RPC1="https://rpc-archive-testnet.empe.io:443"
SNAP_RPC2="https://rpc-archive-testnet.empe.io:443"

Fetch the LATEST_HEIGHT from the snapshot RPC, set the state-sync BLOCK_HEIGHT and fetch the TRUST_HASH from the snapshot RPC. The BLOCK_HEIGHT to sync is determined by subtracting the snapshot-interval from the LATEST_HEIGHT.

LATEST_HEIGHT=$(curl -s https://rpc-archive-testnet.empe.io:443/block | jq -r .result.block.header.height); \
BLOCK_HEIGHT=$((LATEST_HEIGHT - 1000)); \
TRUST_HASH=$(curl -s "https://rpc-archive-testnet.empe.io:443/block?height=$BLOCK_HEIGHT" | jq -r .result.block_id.hash)

Check variables to ensure they have been set:

echo $LATEST_HEIGHT $BLOCK_HEIGHT $TRUST_HASH

# output should be something similar to:
# 29604 28604 2BB3A74046C625CB67D477550D99F2439D48191FD0E840FA42A324B0629A612A

Stop cosmovisor service:

sudo systemctl stop cosmovisor

Set the required variables in ~/.emped/config/config.toml

sed -i.bak -E "s|^(enable[[:space:]]+=[[:space:]]+).*$|\1true| ; \
s|^(rpc_servers[[:space:]]+=[[:space:]]+).*$|\1\"$SNAP_RPC1,$SNAP_RPC2\"| ; \
s|^(trust_height[[:space:]]+=[[:space:]]+).*$|\1$BLOCK_HEIGHT| ; \
s|^(trust_hash[[:space:]]+=[[:space:]]+).*$|\1\"$TRUST_HASH\"|" $HOME/.empe-chain/config/config.toml

Reset the node database

WARNING: This will erase your node database. If you are already running validator, be sure you backed up your `config/priv_validator_key.json` and `config/node_key.json` before running `unsafe-reset-all`.

It is recommended to copy data/priv_validator_state.json to a backup and restore it after unsafe-reset-all to avoid potential double signing.

emped tendermint unsafe-reset-all --home $HOME/.empe-chain

Restart the node and check the logs:

sudo systemctl restart cosmovisor && journalctl -u cosmovisor -f Full state sync from archive snapshot

If a node needs a full state history but wants to synchronize faster, it can start the chain from a history snapshot, (updated daily).

Find the most recent state snapshot on the list https://archive-testnet.empe.io/ (eg https://archive-testnet.empe.io/empe-chain-1_2024-06-06.tar )


curl -O https://archive-testnet.empe.io/$ARCHIVE
tar -xvf $ARCHIVE -C ~/.empe-chain/data
rm $ARCHIVE

Start chain using cosmovisor

Run a Validator

Becoming a validator

Once you properly set up a full node, you can become a validator node and start earning by validating the chain transactions.

Requirements

If you want to become an Empe validator you need to:

Be a full node and cosmovisor up. If you are not, please follow the full node configuration guide and Cosmovisor setup The node must be synchronized: emped status | jq .SyncInfo.catching_up

The command above should return:

false

3. Own enough tokens. To become a validator you need at least 2 empe tokens to create the validator, and for transaction fee. You can obtain your tokens from the faucet: https://faucet-testnet.empe.io

Add wallet key

Inside the testnet you can use the Ledger, but you can also use the wallet software with the emped. However, if you wish to use Ledger, please add the --ledger flat to any command.

Please remember to copy the 12-word seed phrase in a secure place. They are your mnemonic. If you lose them you lose all your tokens and access to your validator.

Create the first wallet with the following command:

emped keys add <KEY_NAME>
# Enter a password that you can remember

The output of the command will provide the 24 words that are the mnemonic.

Create two wallets one for the validator and the second for the vesting account: example

If you are using the Ledger device you must first connect it to your computer, start the Cosmos application (on the device), and run the command

emped keys add <KEY_NAME> --ledger
# Enter a password that you can remember

In this case, the 12 words are not provided because they have already been configured in the Ledger initialization

emped keys add validator
Enter keyring passphrase:
Re-enter keyring passphrase:

- name: validator
type: local
address: empe1atqq8lmeptgn2jlx2q8r42p572yhh6lzle7vng
pubkey: '{"@type":"/cosmos.crypto.secp256k1.PubKey","key":"A8D47crCW+YkFGduj6brpuzectp3D61xRIx/qbEGGTif"}'
mnemonic: ""

emped keys add vesting
Enter keyring passphrase:

If you don’t have tokens get some from faucet (http://faucet-testnet.empe.io) or contact us and send your account address.

What is a Validator?

Validators are responsible for committing new blocks to the blockchain through voting. A validator’s stake is slashed if they become unavailable or sign blocks at the same height. Please read about Sentry Node Architecture to protect your node from DDOS attacks and to ensure high availability.

Create Your Validator

Your empevalconspub consensus public key from tendermint can be used to create a new validator by staking tokens. You can find your validator pubkey by running:

emped tendermint show-validator

To create your validator use the following command:

emped tx staking create-validator \
--amount=10000000uempe \
--pubkey=$(emped tendermint show-validator) \
--moniker=<YOUR_MONIKER> \
--chain-id=empe-testnet-2\
--commission-rate="0.10" \
--commission-max-rate="0.20" \
--commission-max-change-rate="0.01" \
--gas="auto" \
--min-self-delegation="1000000" \
--fees=20uempe \
--from=<KEY_NAME>
When specifying commission parameters, the commission-max-change-rate is used to measure % point change over the commission-rate. E.g. 1% to 2% is a 100% rate increase, but only 1 percentage point.

You can confirm that you are in the validator set by using an explorer.

Confirm Your Validator is Running

Your validator is active if the following command returns anything:

emped query tendermint-validator-set | grep "$(emped tendermint show-validator | jq .key | tr -d \")"

You should now see your validator in one of the block explorers. You are looking for the bech32 encoded address in the ~/.emped-chain/config/priv_validator_key.json file.

To be in the validator set, you need to have more total voting power than the 50th validator.

For support, join the Empe Testnet Validators Telegram channel or contact the Empeiria tech team at validators@empe.io. Follow Empeiria on X for the latest announcements.


Brave Browser

MELTing Point: Mobile Evaluation of Language Transformers

We explore the feasibility of deploying LLMs on device, a model in which user prompts and LLM outputs never leave the device premises.

TL;DR: As we are entering the new era of hyper-scale models, it is indispensable to maintain the ability to host AI locally, for maintaining privacy and sustainability. This is the first study that measures the deployability of Large Language Models (LLMs) at the consumer edge, exploring the potential of running differently-sized models on smartphones and edge devices 1 instead of the cloud.

Introduction

Large Language Models, such as Llama-3, Mixtral, or ChatGPT, have recently revolutionized the machine learning landscape, enabling use-cases that were previously unfathomable, including intelligent assistants (including our own Brave Leo), creative writing, as well as agent-based automations (Brave Search Integration in Leo, for instance). At the same time, devices in our pockets have been getting increasingly capable 2, integrating evermore powerful System-on-Chips (SoCs). Based on this trend, and maintaining our true commitment to preserving users’ privacy, we explore the feasibility of deploying LLMs on device, a model in which user prompts and LLM outputs never leave the device premises.

To do this, the Brave Research team has built their very own LLM benchmarking infrastructure, named BLaDE, for measuring the latency, accuracy, memory, and energy impact of running LLMs on-device. At the same time, acknowledging that these models are oftentimes too large, we leverage edge devices to accelerate execution locally, which can be co-located with smart devices at the consumer side 3. This can also be deployed with our most recent BYOM (Bring Your Own Model) self-hosting option.

Our experience has shown that while the GenAI ecosystem is growing increasingly large, local on-device deployment is still in its infancy and remains very heterogeneous across devices. Deploying LLMs on device is possible, but with noticeable impact latency, comfort and accuracy, especially on mid-tier devices. However, hardware and algorithmic breakthroughs can significantly change the cost of execution and user Quality of Experience (QoE). At the same time, SLMs (Small Language Models) 4 are gradually making their appearance, tailored for specific downstream tasks.

Brave Research Device Lab

BLaDE (BatteryLab Device Evaluation) is a state-of-the-art benchmarking infrastructure that is capable of automating the interaction with mobile devices for performance and energy measurements. It can be used for neural or more generic browser tasks. MELT is the component responsible for the benchmarking of neural workloads on various devices.

MELT adopts a server-client architecture, with the central coordinating process being responsible for the following:

Organizing the execution of the benchmarking suite;

Scheduling and dispatching jobs to connected devices;

Controlling the downstream interaction with the application;

Monitoring their runtime, temperature and energy consumption;

Tracing the events of interest in the downstream task and capturing the associated device behavior.

To this end, it integrates the following components:

a Raspberry Pi 4 8GB, which adopts the role of the coordinator;

a Mac Mini, for building packages;

a Monsoon power monitor connected over a Raspberry Pi GPIO addressable relay to control power to individual mobile devices;

a programmable YKUSH USB Switchable Hub for communicating and selectively disabling USB power to devices;

a Flir One edge wireless camera along with an custom-built IR thermometer (based on MLX90614) for monitoring temperature of the device; and last,

a set of mobile devices, shown on Table 1, which have undergone a battery bypass procedure.

In parallel, the coordinator is connected over Ethernet to the same network as our Nvidia Jetson boards with SSH access to them. Jetsons are able to provide power and temperature metrics through SysFS probes available.

MELT Workflow

The measurement workflow we follow is depicted in Figure 1b. MELT’s infrastructure consists of the following components:

Model Zoo, responsible for the download and compilation/quantization of models. We used the models of Table 2.

Evaluator, responsible for the evaluation of the accuracy degradation of models due to their conversion/quantization. We used the datasets of Table 4.

Builder, responsible for the compilation of the respective benchmarking suite backend, shown in Table 3, namely llama.cpp and MLC-LLM.

Runner, responsible for the deployment, automation and runtime of the LLM on the respective device. Integrated devices are shown on Table 1.

Monitor, responsible for the fine-grained monitoring of resource and energy consumption of the execution

Result Highlights

Below, we provide the most interesting results of our analysis and their consequences for on-device deployment and future product research.

Throughput and Energy per Device

Figure 3 illustrates the prefill and generation throughput of various models on different devices when used in a conversational setting. Prefill refers to the preparation and processing of input tokens before actual generation begins (e.g., tokenization, embedding, KV cache population), while generation refers to the autoregressive generation (i.e., decoding) of output tokens. Throughput expresses the rate of token ingestion/production, measured in tokens/sec. 

Figure 4 depicts the discharge rate per token generated, for different model, device and framework combinations. This is expressed in mAh/token.

Insights: We witnessed a quite heterogeneous landscape in terms of device performance across models. Prefill operations, typically compute bound, are much higher than generation rates, which are typically memory bound. MLC-LLM generally offered higher performance, compared to llama.cpp, but at the cost of model portability. Surprisingly, 4-bit models ran faster than their 3-bit counterparts, but at the expense of higher memory consumption, which caused certain models to run out of memory during runtime. Last, the Metal-accelerated iPhones showed higher throughput rates compared to the OpenCL-accelerated Android phones, for the case of MLC-LLM.

Energy-wise, larger networks offer larger discharge rates, as traffic between on-chip and off-chip memory consumes a significant amount of energy. Indicatively, if we deployed Zephyr-3B (4-bit quantized) on S23 on MLC-LLM, iPhone Pro on MLC-LLM and iPhone 14 Pro on llama.cpp, it would take 542.78, 490.05 and 590.93 prompts on average until their battery was depleted. Last, the CPU execution offered lower energy efficiency, attributed to the latency of running inference compared to accelerated execution. 

Quality Of Experience

In real-world settings, running a large model on device can adversely affect the user experience and render the device unstable or unusable. There are largely three dimensions to consider: 

Device responsiveness refers to the general stability and reliability of the device during runtime of LLM inference. Factors that affected the device responsiveness included long model loading times, out-of-memory errors which killed the application and device restarts, causing effectively a DoS by rebooting the device.

Sustained performance refers to the device’s ability to offer the same performance throughout the runtime of multiple inference requests. We noticed in our experiments that performance under sustained load was not stable, but fluctuated. Reasons for this behavior include DVFS, thermal throttling and different power profiles, along with potential simultaneous workloads.

Device temperature does not only affect device performance, but also user comfort. Devices nowadays come in various forms, but mostly remain passively cooled. Therefore, heat dissipation is mainly facilitated by the use of specific materials and heat management is governed by the OS. The power draw did cause temperatures to rise to uncomfortable levels, reaching 47.9°C after one full conversation with Zephyr-3B (4-bit) model on the iPhone 14 Pro.

Insights: Tractability of the LLM inference workload does not imply deployability.

Accuracy Impact of Quantization

Today’s LLMs are quite large in size. At the same time, the memory that most devices come equipped with is in the region of 6 - 12 GB. This means that deploying such models on device is usually only possible through compression. Quantization is a compression technique which lowers the precision with which weights and activations are represented. However, this happens at the expense of accuracy. We measured the impact of using different model architectures and sizes, quantization schemes and precision to the accuracy of four natural language tasks (HellaSwag, Winogrande, TruthfulQA, ARC-{E,C}).

Insights: The most evident performance difference comes from the model architecture and parameter size, and this performance difference persists across datasets. In terms of quantization schemes, it is obvious that bit width is correlated to model size, but also to accuracy, i.e., lower bit width means higher error rate.On the other hand, there was no single quantization scheme that performed uniformly better across the board. For larger models (≥7B

parameters), AWQ 5 and GPTQ 6 performed slightly better, at the expense of elevated model sizes.

Offloading to Edge Devices

Since QoE and accuracy of LLMs is impacted by running on device, as evidenced earlier, we visit an alternative model of offloading computation to nearby devices at the consumer edge. Such devices may be a dedicated accelerator (e.g., an Edge-AI Hub) or another edge device (e.g., a Smart TV or a high-end router). For this reason, we employ two Jetson devices, namely Nano (mid-tier) and AGX (high-tier) to check the viability of this paradigm.

Insights: Overall, generation throughput is significantly higher than the equivalent mobile runtime, and this runtime can also be sustained for longer periods. Indicatively, for Zephyr-7B (4-bit), the average throughput is 3.3× and 1.78× higher, for prefill and generation respectively. At the same time, we witnessed that the energy efficiency is moving the same direction as the device’s TDP.

Key Takeaways

This work highlights the potential and challenges of deploying Large Language Models on consumer mobile devices for both iOS and Android ecosystems. While advancements in hardware and algorithmic breakthroughs such as quantization show promise, on-device deployment currently impacts latency, device stability, and energy consumption. Offloading computation to local edge devices offers a viable alternative, providing improved performance and energy efficiency. Continued innovation in both hardware and software will be crucial for making local AI deployment practical, preserving user privacy, and enhancing sustainability.

Read More

We are glad to announce that the associated paper has been accepted for publication at the 30th Annual International Conference on Mobile Computing and Networking (ACM MobiCom'24). 

You can find more information in our pre-print: https://arxiv.org/abs/2403.12844 

The codebase of MELT can be found here: https://github.com/brave-experiments/MELT-public.

References

Laskaridis, S., Katevas, K., Minto, L., & Haddadi, H. (2024). MELTing point: Mobile Evaluation of Language Transformers. To appear in the 30th Annual International Conference on Mobile Computing and Networking (MobiCom). ↩︎

Introducing Apple Intelligence for iPhone, iPad, and Mac  ↩︎

Laskaridis, S., Venieris, S. I., Kouris, A., Li, R., & Lane, N. D. (2024). The future of consumer edge-ai computing. IEEE Pervasive Computing. ↩︎

Liu, Z., Zhao, C., Iandola, F., Lai, C., Tian, Y., Fedorov, I., … & Chandra, V. (2024). MobileLLM: Optimizing Sub-billion Parameter Language Models for On-Device Use Cases. arXiv preprint arXiv:2402.14905. ↩︎

Frantar, E., Ashkboos, S., Hoefler, T., & Alistarh, D. (2023). Gptq: Accurate post-training quantization for generative pre-trained transformers. International Conference on Learning Representations (ICLR). ↩︎

Lin, J., Tang, J., Tang, H., Yang, S., Chen, W. M., Wang, W. C., … & Han, S. (2024). Awq: Activation-aware weight quantization for llm compression and acceleration. Proceedings of Machine Learning and Systems (MLSys). ↩︎

Wednesday, 24. July 2024

Zcash

ECC roadmap: July 2024

ECC is building infrastructure that supports the Zcash ecosystem and makes possible a decentralized future that values individual privacy and consent, security, and human dignity. To that end, we are […] Source
ECC is building infrastructure that supports the Zcash ecosystem and makes possible a decentralized future that values individual privacy and consent, security, and human dignity. To that end, we are […]

Source


bankless

ETH ETFs Begin Trading | Matt Hougan

The ETH ETFs have officially launched, but wen $ETH moon?  We saw $1.1B in volume and $100M in inflows yesterday. Is that good? When will this factor into price? Matt Hougan, CIO of Bitwise joins Ryan and David midway through the show to go over the above and also how the ETH ETF launch went, predictions going forward, and much more.  ------ 🍵MATCHA | NEW PRICING ENGINE https://g

The ETH ETFs have officially launched, but wen $ETH moon? 

We saw $1.1B in volume and $100M in inflows yesterday. Is that good? When will this factor into price?

Matt Hougan, CIO of Bitwise joins Ryan and David midway through the show to go over the above and also how the ETH ETF launch went, predictions going forward, and much more. 

------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ TIMESTAMPS & RESOURCES

0:00 Intro

2:35 ETH ETF Launch https://x.com/EricBalchunas/status/1815489137484722333  https://x.com/JSeyff/status/1815422061365305494  https://x.com/NateGeraci/status/1815487451726499864  https://x.com/Ashcryptoreal/status/1815677145810649151  https://x.com/JSeyff/status/1815737082129650047  https://x.com/RadarHits/status/1815674577726406748   https://x.com/JSeyff/status/1815737643948286104  https://x.com/BitwiseInvest/status/1815486131376370002  https://x.com/BitwiseInvest/status/1815716188447482341  https://x.com/QuintenFrancois/status/1815624631115460662  https://x.com/BitwiseInvest/status/1815486261337182504  https://x.com/VitalikButerin/status/1815697566614655158 

6:44 Matt Hougan Interview https://x.com/JSeyff/status/1815958023317205232  https://x.com/NateGeraci/status/1815885624467210263  https://x.com/JSeyff/status/1815958023317205232 

33:02 Grayscale & Grayscale Minitrust: Wen Moon?  https://x.com/JSeyff/status/1814347183522754773  https://x.com/Grayscale/status/1815688403381531021  https://x.com/NateGeraci/status/1815556927918600209 

38:40 Hildobby Dune Board WIP https://dune.com/hildobby/eth-etfs 

39:31 Bitcoin ETF Flows https://x.com/News_Of_Alpha/status/1815532026486776288  https://x.com/TrustlessState/status/1815713932453028059 

41:16 Bullish Setup Going into the Rollup tomorrow https://x.com/TrustlessState/status/1815390176132186202  https://x.com/DeItaone/status/1815813380256719213  https://x.com/DavidFBailey/status/1815848521205178404 

44:00 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Sequoia

Partnering with rift: Sales, simplified.

The post Partnering with rift: Sales, simplified. appeared first on Sequoia Capital.
Partnering with rift: Sales, simplified.

If you’re tired of manually stitching together multiple tools, this is the platform for you.

By Stephanie Zhan and Charlie Curnin Published July 24, 2024 rift co-founders Fil Twarowski and Eddie Eriksson.

The Greatest Salesman in the World, Og Mandino’s bestseller on the philosophy of success, tells the story of a young entrepreneur who rises from tending camels to running a massive trade empire after studying ten scrolls about the importance of persistence, love and other virtues. It’s one of our favorite books here at Sequoia, in part because persistence and love are foundational in sales.

But today, persistence and love alone aren’t enough—sales is hard and probably getting harder. Modern B2B sales teams juggle research, prospecting and thousands of Zoom calls. They pull off heroics at the finish line. There are all kinds of distractions in the way, from updating the CRM to cleaning contact data. And making things more frustrating, the average sales team works across 10 different tools, with no single home base where they can focus on doing their jobs.

Fil Twarowski and Eddie Eriksson became obsessed with this problem when they ran sales and growth at the equity-management company Pulley. In the process of integrating the dozens of tools they used to make Pulley the new default for thousands of companies, Fil and Eddie recognized that running exceptional campaigns required exceptional amounts of manual work. It’s one thing to dump generic copy into mass emails. It’s another to craft personalized outbound to exactly the right audience—and to deal with the endless technical details involved in getting those messages seen, such as caps on how many emails you can send per day.

Now, as co-founders of rift, Fil and Eddie are freeing up salespeople to shift their focus back to the core of their work. The platform combines the tools modern sales teams need, in one place. It’s an email solution for perfect sequencing to prospects. It’s a dialer to make calling leads more efficient, and a scheduler for automatically routing them and booking meetings. It’s the infrastructure for managing mechanics like email deliverability. It’s applying LLMs not to replace salespeople, but to lighten their load with features such as custom copy. And it’s all in one—no more passing data back and forth between multiple tools.

In short, rift does more than just give sales teams new capabilities. It creates a delightful, focused home base where they can do their best work.

Since Fil and Eddie started rift in late 2022, leading companies including Gusto, Capchase and Rhombus have come to rely on what the team has built—and they’re getting results. One customer, for example, replaced an outbound email program paralyzed by spam issues with a more personalized approach, and generated $300,000 in pipeline in just one sequence.

And this is just the beginning. We at Sequoia are beyond excited to lead rift’s seed round and partner with Fil, Eddie and their team as they scale their vision to empower exceptional sellers.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Enterprise #Funding announcement Partnering with Skild: The Future of Embodied Intelligence By Stephanie Zhan News Read Developer Tools 2.0 By Charlie Curnin, Josephine Chen and Stephanie Zhan Perspective Read Replicate: Painting the Town AI Spotlight Read Partnering with Pydantic News Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with rift: Sales, simplified. appeared first on Sequoia Capital.


Nym - Medium

Nym Squad League: Summer Season missions

Calling all Squads — New grants, missions, and rewards With the end of the Spring Season of the Nym Squad League, the Summer Season is now starting, and there is a lot of work to do and rewards to reap. The Squad Wealth Fund has a war chest of 530k NYM left over from last season. With additional staking rewards from the Delegations Program, the community will have around 1M NYM to spen
Calling all Squads — New grants, missions, and rewards

With the end of the Spring Season of the Nym Squad League, the Summer Season is now starting, and there is a lot of work to do and rewards to reap.

The Squad Wealth Fund has a war chest of 530k NYM left over from last season. With additional staking rewards from the Delegations Program, the community will have around 1M NYM to spend on contributions by the end of the season

Join Nym for key projects this summer and get rewarded for your work. Here are the objectives, changes, missions, and grants for the League this season, which will come to a close at the end of September.

Summer Season objectives

This is a big time for the Nym community and network, and Squad work is an important part of Nym’s project in revolutionizing online privacy.

Nym is finishing up the Alpha testing phase for the upcoming NymVPN, which will have its Beta launch in August. Now’s the time to really build up and strengthen the Nym mixnet powering the world’s most private VPN.

Here are the key goals for this season of the Nym Squad League:

Advance the Alpha, boost the Beta of NymVPN Strengthen and optimize the Nym network Develop tools and apps on the Nym mixnet Continue to grow the global Nym community What’s new this season

There are a number of important changes to the Squad League this season.

No more squad exclusives!
All grants and missions are now available to individual Nymja and Shinobi contributors, not just Squads. See below for new grants and how you can participate.

Let’s grow the Squad League together!
The Squad League is opening its referral program this season. The community counts on you to onboard the next node operator, squad lead, Nymster, Nymja, and Shinobi from all around the world. At the end of the season, 50k NYM will be distributed to the top referrals.

Doubling down on Builder Grants
The builder grant has been under-utilized. We want to see more stuff built by the community this season. So if you have a cool idea for building or integrating an app on the Nym mixnet, make sure to put together a grant proposal!

Key missions and grants

We are counting on Nymjas, Shinobis, and their squads to continue making an impact this season in the following areas:

Decentralized CM and moderation
Grant amount: 15k NYM

Any contributor can apply for this grant to grow, manage, and moderate Nym community channels.

Build with Nym SDKs
Grant amount: up to 100k NYM

Got an app, dApp, integration, or tooling idea? Apply for a dev grant and make it happen!

Events
Grant amount: up to 5k NYM

Proposals are welcome to organize talks, meet-ups, NymVPN testing workshops, or simply to attend events to represent Nym.

Squad League Show Runners
Grant amount: 5k NYM

If you want to participate in organizing and running Nym community activities, contests, or events, this gig is for you!

These are just a few examples, there are many ways you can contribute! Check out the full mission board. If you need inspiration, see last season’s contributions on the Nym community forum.

Join the Nym Community

Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym Squad League: Summer Season missions was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Tuesday, 23. July 2024

bankless

Live: Eric Balchunas on The $ETH ETF Launch

The Ether spot ETF has officially started trading as of today July 23rd, 2024 marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the magnitude of this moment and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation. ------ 📣 SPOTIFY PRE

The Ether spot ETF has officially started trading as of today July 23rd, 2024 marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the magnitude of this moment and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------

TIMESTAMPS

00:00 Intro To Eric 02:53 $1B Daily Inflows 06:17 Mini ETH 08:13 What To Look For Next 12:25 #2 Launch Of All Time? 19:12 Pitching ETH To The World 24:08 ETH As A Tech Platform 27:43 Winners of BTC vs Winners of ETH ETFs 30:32 What To Watch

------ RESOURCES

Eric Balchunas:  https://x.com/EricBalchunas 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠


Sequoia

Better Agents Need Better Documentation

The post Better Agents Need Better Documentation appeared first on Sequoia Capital.
Better Agents Need Better Documentation

Using AI effectively requires a new kind of structured data that AI itself cannot yet produce.

By Sonya Huang and Pat Grady Published July 23, 2024

In February, Klarna boldly announced that its new OpenAI-powered assistant handled two thirds of the Swedish fintech’s customer service chats in its first month. All kinds of customer satisfaction metrics were better, but what got everyone’s attention was the $40M boost to its bottom line from replacing 700 full-time contract agents.

Since then, every company we talk to wants to know, “how do we get the Klarna customer support thing?” Against the backdrop of flashy demoware and eye-popping pre-revenue valuations, Klarna’s practical application of GPT-4 was a welcome relief. But as Klarna founder and CEO Sebastian Siemiatkowski explains in this week’s Training Data podcast, the reality of this accomplishment is both more prosaic and more profound than it first appears.

To explain the insight that fueled this breakthrough, Siemiatkowski invokes the classic computer science concept of “garbage in, garbage out” (GIGO). All the way back to Babbage, scientists have understood that “if you put into the machine wrong figures,” the right answers will not come out. For Klarna, this meant that the team needed to pay special attention to the language they gave the model as context for specific customer service tasks—in other words the documentation and training manuals they made for the agents themselves. “That helped us a lot to think about it that way, that we just needed to make sure that the documentation and the manuals were clear enough and of quality enough, and then it can actually execute,” says Siemiatkowski.

Klarna has not disclosed “the secret sauce” for how they built their assistant beyond using a form of RAG (retrieval augmented generation), so it’s not clear how much of its successful performance is due to data quality alone or to “custom cognitive architectures”1 adapted to specific tasks. Either way, this is a prime example of what we call “Goldiocks agents” that benefit both from guardrails (in this case, the specific ways that Klarna handles customer service requests) as well as the ability of LLMs to fluidly merge information in a coherent manner.

The needs of large language models bring what has been a niche concern front and center. Since it was formalized in 2020, RAG has become the industry standard to wrap the expressive elasticity of LLMs around the key facts needed to reliably execute a task, particularly in mission-critical business settings. Curating the quality of examples to retrieve from is key to success.

There are people in the world who love writing documentation, but not many. For most of us, we bemoan the bad but don’t contribute to making it better. However, high-performance companies like Stripe have pioneered “writing culture” where social norms encourage participation. Gitlab, one of the first remote-only companies, has developed a handbook-first approach to communication as a pillar of their operational excellence2.

More generally, in the case of Klarna, the company has built an elaborate knowledge graph3 to power not only their external-facing customer service reps (human and agentic) but also their internal chatbot, Kiki. This focus on the quality of documentation has dual benefits, Siemiatkowski explains: “So actually our agents have better tools today to be successful in helping the customers as does the AI. So both experiences are improving as a consequence of that.”

Siemiatkowski believes that Klarna has derived a lot of value through experimentation and building internally with AI. But in both cases he discussed—LLM-powered internal knowledge management systems and external-facing customer services agents—buying rather than building is now a very viable option with solutions like Glean and Sierra. However, buyer beware, GIGO still applies.

This focus on high-quality data is a large theme in contemporary AI. Microsoft released a paper last year, Textbooks Are All You Need, that showed how a significantly smaller model trained on better data could outperform far larger models on coding exercises. On the large model side, Microsoft CTO Kevin Scott told us in Episode 4 that it’s “a good thing that quality of data matters more than quantity of data, because it gives you an economic framework to go do the do the partnerships that you need to go do to make sure that you are feeding your AI training algorithm a curriculum that is going to result in smarter models. And, honestly, not wasting a whole bunch of compute feeding it a bunch of things that are not.” When it comes to enterprise use cases, particularly consumer-facing ones like Klarna’s, the quality bar is high because customers are comparing against human agents.

What Klarna’s experience suggests is that AI will work best when paired with human effort to understand other humans (something that LLMs seem a long way from achieving). This is actually the same customer-centric approach that is at the heart of all great businesses. 

See Training Data Ep 1 with Harrison Chase of LangChain and Ep 2 with Matan Grinberg and Eno Reyes of Factory as well Andrew Ng’s talk at Ai Ascent 2024. Also see Open Org Siemiatkowski calls out Klarna’s use of Neo4j, a graph database powered by vector search, for the Kiki project. Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Inference Klarna on Building its AI Customer Service Agent Hosted by Sonya Huang and Pat Grady Podcast Listen “Goldilocks” Agents and Cognitive Architectures By Sonya Huang and Pat Grady Perspective Read LangChain’s Harrison Chase on AI Agents Hosted by Sonya Huang and Pat Grady Podcast Listen JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Better Agents Need Better Documentation appeared first on Sequoia Capital.


Greylock Partners

Opal’s Approach to Security-First Identity

The post Opal’s Approach to Security-First Identity appeared first on Greylock.

Global Digital Finance

Navigating the EU regulatory Landscape: A guide to CASP Compliance

As the Markets in Crypto Assets (MiCA) Regulation begins its implementation journey across the EU Elise Soucie, Executive Director, GDF and Lucia della Ventura, Zodia Markets collaborated on a short guide to CASP compliance. The guide discusses how to navigate the EU regulatory landscape with a particular focus on how MiCA interacts with MiFID II […] The post Navigating the EU regulatory Landsca

As the Markets in Crypto Assets (MiCA) Regulation begins its implementation journey across the EU Elise Soucie, Executive Director, GDF and Lucia della Ventura, Zodia Markets collaborated on a short guide to CASP compliance. The guide discusses how to navigate the EU regulatory landscape with a particular focus on how MiCA interacts with MiFID II including:

The Objectives of MiCA Who & What Kinds of Activities are Regulated by MiCA How MiCA & MiFID II Interact What License is Required for Which Assets Practical Considerations for Compliance

Publish date: 23.07.2024

The post Navigating the EU regulatory Landscape: A guide to CASP Compliance appeared first on GDF.

Monday, 22. July 2024

Shade Protocol

Shade Protocol: Road To Argos September 24th Upgrade

Greetings community, June 17th, 2024 ushered in the successful Alexandria upgrade of Shade Protocol — bringing advanced protocol & SILK analytics, the prices page, liquid $SHD staking, Spartan NFTs, and more. https://app.shadeprotocol.io/analytics Now that this upgrade was complete, the time has now come for Shade Protocol to prepare its next upgrade on September 24th: Argos. Argos was

Greetings community,

June 17th, 2024 ushered in the successful Alexandria upgrade of Shade Protocol — bringing advanced protocol & SILK analytics, the prices page, liquid $SHD staking, Spartan NFTs, and more.

https://app.shadeprotocol.io/analytics

Now that this upgrade was complete, the time has now come for Shade Protocol to prepare its next upgrade on September 24th:

Argos.

Argos was an ancient Greek city spanning from 1600 BC — 146 BC, a natural cultural hub during its time. Argos produced notable poets, sculptors, and architects. Poets such as Telesilla + Ario and sculptors Polykleitos and Ageladas left their mark with a focus on proper proportions of their sculptures, emphasizing symmetry and balance. The Canon (from the Greek “Kanōn,” meaning “measure” or “rule”) was a theoretical work by Polykleitos that outlined his mathematical approach to achieving perfect proportions in sculpture. Polykleitos sought to create a formula that could be applied to sculpt the ideal human figure.

Principles of the Kanōn

Symmetria (Proportion): Polykleitos emphasized the harmonious relationship between different parts of the body. This concept is akin to symmetry, where each part of the body is in balanced proportion to the others. Mathematical Ratios: He believed that beauty in the human form could be achieved through specific numerical ratios. For instance, the head was considered one-eighth of the total height, and the length of the foot was one-sixth of the height. Contrapposto: This stance, where the weight is shifted onto one leg, creating an asymmetry in the hips and shoulders, was crucial for achieving a naturalistic and dynamic pose. It demonstrated a balance of tension and relaxation in the body, reflecting Polykleitos’ focus on harmony.

Polykleitos’ Canon was a significant contribution to the field of art, emphasizing a scientific and mathematical approach to beauty and aesthetics that resonated throughout the history of Western art.

In many ways, Shade has long carried an unnatural contrapposto where privacy has placed undue tension on certain parts of user interactions, creating an unnatural disharmony.

The Argos update aims to bring symmetry, balance, and harmony to the Shade UX as we continue on the quest to refine user stories & the ease of traversing the Shade Protocol application.

Streamlined Permit Implementation: We’re reducing the token balance viewing and storing process from 60+ paid transactions to handle all of the encrypted tokens on the Shade app to instead just 3–4 clicks, all of which will be free txs. This will significantly enhance the Shade Protocol user experience and cross multi-device management.

Balance Stores V2: Say goodbye to latency issues. We’re revolutionizing how balances are stored on local devices. Real-time updates mean you’ll always see accurate balances as you navigate the app.

Eliminate wrap UX / improve to Automatic Wrap Functionality: We’re eliminating the need for manual wrapping in most cases. Don’t worry, power users can still access this feature on the utility page. And of course, we’re keeping everything private and secure.

Portfolio V2: Get ready for a visual treat! We’re beautifying the historical view of your assets and their performance. Expect cleaner, more intuitive charting that makes tracking your investments a breeze.

Money Market Sneak Peek: We’re working on a comprehensive whitepaper for our upcoming Money Market feature. Keep an eye out for a sleek mockups & a potential testnet.

We believe Shade Protocol through its relentless drive towards ease of use can help unlock & reveal the power of private DeFi for the whole world to use.

Argos: Classical Ideals and Heroic Legacy

As we prepare for the upcoming Argos upgrade on September 24th, we are inspired by the historical and mythological significance of Argos. In Greek mythology, Argos was not only a cultural hub but also the realm of Diomedes, a legendary hero renowned for his strength and valor. Diomedes played a pivotal role in the Trojan War, leading 80 ships into battle and famously participating in the strategic deception of the Trojan Horse, which led to the fall of Troy. His contributions and heroic feats are emblematic of the balance and precision we aim to bring to the Shade Protocol through Argos.

Just as Diomedes’ leadership and prowess shaped the course of the Trojan War, the Argos upgrade represents a transformative moment for Shade Protocol. We are dedicated to bringing a new level of harmony and efficiency to our platform, inspired by the principles of symmetry and balance embodied by Diomedes’ legacy. The upgrade will enhance user experience with a powerful transaction engine, refined portfolio management, and streamlined interactions, mirroring the ideals of precision and coordination that Diomedes exemplified. Join us as we honor this rich legacy and strive to advance private DeFi with the elegance and effectiveness of classical ideals.

Conclusion

As we move forward, inspired by the historical significance and the enduring principles of Argos, Diomede, and Polykleitos’ Canon, Shade Protocol remains committed to evolving and enhancing our platform. By fostering an environment where balance and symmetry guide our development, we aim to create a seamless and harmonious user experience. The Argos upgrade represents not just a step forward in technology, but a stride towards a more refined, accessible, and powerful DeFi ecosystem. Join us on this journey to bring the elegance of classical ideals into the future of private decentralized finance.

Twitter → https://x.com/Shade_Protocol

App → https://app.shadeprotocol.io/analytics

Telegram → https://t.me/ShadeProtocol


Nym - Medium

Nym Squad League: Spring season report

The Spring season of the Nym Squad League has just ended and the community has achieved a lot over the past three months! Nym Squad League sets out missions for the community and broader ecosystem. These missions contribute to fixing the broken internet by enabling privacy. Community members are rewarded for completing missions from the Squad Wealth Fund (community treasury). With the Sprin
The Spring season of the Nym Squad League has just ended and the community has achieved a lot over the past three months!

Nym Squad League sets out missions for the community and broader ecosystem. These missions contribute to fixing the broken internet by enabling privacy. Community members are rewarded for completing missions from the Squad Wealth Fund (community treasury).

With the Spring season now over, it’s time to take a look back at what has been achieved and assess the state of the community treasury.

Spring season achievements

The Spring season missions had four key objectives for the community. Let’s take them in order and see how we did!

1. Prepare mainnet for the NymVPN Launch Governance proposals: four on-chain proposals were discussed and voted on. These determined a minimum profit margin, as well as the distribution of rewards across layers in the Nym network. Node testing and upgrade: 365 Nym nodes were upgraded (smooshed) to improve the network. The core team and node operators worked closely to boost network reliability and performance. Community program of operator mentorship was expanded, with more experienced operators teaching new ones all about running Nym nodes. 2. Test NymVPN with different audiences Community Testing: Nym community continued testing the NymVPN Alpha release across four different continents, providing valuable feedback through 150 bug reports and feature requests. Global Outreach: the NymVPN was showcased at 15 events and workshops worldwide, reaching audiences from Vietnam to Brazil. 3. Build new tools for the Nym ecosystem CRM System: Improvements were made to the community-developed CRM system to enable the Nym Delegations Program. . Mixplorer.xyz: This community-built explorer for the Nym network is seeking further development funding. 4. Grow and strengthen the Nym community New Members: 250 new members joined the Nym Squad League, with most staying active. Increased Contributions: Contributions grew from 22 to 52, with members taking on roles like community management and translations.

To find out more about these achievements, download the full Spring season report here.

State of the Squad Wealth Fund

The Nym Squad League takes rewards generated from the official Nym Nodes Delegations Program and puts it into a community treasury called the Squad Wealth Fund. Rewards are redeemed and distributed from this treasury to the Nym ecosystem on a quarterly basis for outstanding contributions.

Squad Wealth Fund spending increased from 150k to 260k NYM compared to the Winter season. This is because the Squad League grew a lot! In fact, 250+ new participants registered and over twice as many notable contributions were submitted this session.

The Nym treasury delegated 29,750,000 NYM tokens this season. The fund earned 490k NYM and ended with a positive balance, leaving over 530k NYM in the Nym community’s warchest for future use:

Looking Ahead to the Summer season

The Spring 2024 season of the Nym Squad League was a success, with significant community growth and achievements.

As the league prepares for the summer season, the focus remains on fostering innovation, improving the network, and engaging the community.

Various improvements are in the pipeline for the Squad League framework. The Summer season objectives for the Nym community will be:

Advancing the Alpha, boosting the beta of NymVPN Strengthening and optimizing the Nym network Developing tools and apps on the Nym mixnet Growing the global Nym community

The community treasury already has 530k NYM to support these objectives, with more rewards being accrued over the next season. The full list of Summer season missions will be announced next week.

Get involved, visit the Nym community forum and check out the full Spring Season report.

Join the Nym community and contribute to enable privacy for all of humanity!

Nym Squad League: Spring season report was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


Empiria

Empe Testnet Phase 2: Building a Robust and Secure Network

Empe Testnet Phase 2: Become a Validator Now! EEmpeiria is thrilled to announce the launch of Phase 2 of Empe Testnet program. Driven by your invaluable feedback and insights, we’ve made significant strides in developing a robust, secure platform for verifiable, decentralized data. This new phase represents a critical milestone in our R&D journey. Having enhanced the network’s infrastructure
Empe Testnet Phase 2: Become a Validator Now!

EEmpeiria is thrilled to announce the launch of Phase 2 of Empe Testnet program. Driven by your invaluable feedback and insights, we’ve made significant strides in developing a robust, secure platform for verifiable, decentralized data.

This new phase represents a critical milestone in our R&D journey. Having enhanced the network’s infrastructure to better serve users’ needs, we are now welcoming external node validators to participate in Empe Testnet!

Node validators play a crucial role in ensuring the Empe network’s security and stability and benefit from the opportunity to gain valuable hands-on experience with our innovative End-to-End Verifiable Data Infrastructure (EVDI).

We’re confident that Phase 2 of Empe Testnet will bring us even closer to delivering a platform that empowers enterprises and individuals to issue, exchange, and verify data with unprecedented ease and security.

How to participate?

To participate, read Empeiria Technical Documentation and follow the node setup instructions.

Follow Empeiria on X and join the Empe Testnet Validators Telegram channel to stay updated on the latest developments, including the upcoming launch of Empe Mainnet.

Validator Setup Guide

Get ready to dive in! Our comprehensive validator setup guide, packed with detailed hardware requirements, software installation instructions, and configuration steps, is coming very soon.

Stay tuned for more updates and announcements as we progress through Phase 2 of the Empe Testnet. Together, let’s build the future of verifiable, decentralized data!

Thank you for your continued support and feedback, which drive our innovation and improvement. For any questions or suggestions, please don’t hesitate to contact us at validators@empe.io. Follow Empeiria on Twitter/X, or LinkedIn for the latest news & updates.


bankless

Why Banks Suck, The Great Taking & How To Prepare | Mel Mattison

Why do banks suck? Banks suck is the reason we started this bankless thing. Not that banks are all bad but they take too much and give to little. They need to be disrupted. We brought Mel Mattison, author of Quoz, and he’s very clear on what’s wrong with banks. They’ve become too centralized, unbalanced, short-sighted, corrupt. Power has tilted away from the people and into the hands of a ce

Why do banks suck?

Banks suck is the reason we started this bankless thing. Not that banks are all bad but they take too much and give to little. They need to be disrupted.

We brought Mel Mattison, author of Quoz, and he’s very clear on what’s wrong with banks.

They’ve become too centralized, unbalanced, short-sighted, corrupt. Power has tilted away from the people and into the hands of a central banking cabal. The relationship between sovereign governments and private banks has become an unholy alliance.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/35?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ TIMESTAMPS

0:00 Intro 5:41 Quoz 8:15 Monetary History 19:13 History of Banks 29:27 Banks: The Good 42:17 Banks: The Bad 57:16 The Banking Cabal 1:12:55 The Central Bank Endgame 1:20:56 The Great Taking 1:33:12 How to Prepare 1:42:17 Crypto 1:52:43 Closing & Disclaimers

------ RESOURCES

Mel Mattison https://x.com/melmattison1  

Quoz https://www.melmattison.com/quoz  

The Great Taking https://books.google.pt/books/about/The_Great_Taking.html?id=JzSx0AEACAAJ&redir_esc=y  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠   

Sunday, 21. July 2024

Zcash Foundation

Zcash Dev Fund Runoff Poll

Today, we are opening a ZCAP poll about the future of Zcash ecosystem development funding. The current Dev Fund will end in November. Six proposals for a new Dev Fund have been put forward by the Zcash community, and so we must decide whether we want to adopt one of those proposals, or let the current Dev Fund expire without any replacement. The post Zcash Dev Fund Runoff Poll appeared first on

Earlier this month, the Zcash Foundation (ZF), Electric Coin Company (ECC) and various other members and groups across the Zcash community conducted a series of polls to determine whether the was clear consensus in favour of introducing a new Dev Fund when the current one ends later this year.

The results of the polls varied. While there is clearly strong support for a new Dev Fund, there was no clear consensus regarding which proposal should be adopted. However, two proposals garnered strong support across all the polls (and were the top two proposals in the ZCAP poll).

The Hybrid Deferred Dev Fund: Transitioning to a Non-Direct Funding Model proposal would allocate

8% to the Financial Privacy Foundation (FPF) for the Zcash Community Grants program, and 12% to a protocol lockbox.

The Lockbox For Decentralized Grants Allocation (20% option) proposal would allocate 20% of the block rewards to a protocol lockbox for two years (with no funding for Zcash Community Grants).

Under both proposals, the remaining 80% of the block rewards would be allocated to the miners. Funds that are directed into the protocol lockbox will remain there until a distribution mechanism is introduced in a future network upgrade. 

ZF (along with ECC and and others across the community) are conducting a runoff poll to determine which of these proposals should be adopted. Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will close at 09:00 UTC on 29th July 2024.

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum.

The post Zcash Dev Fund Runoff Poll appeared first on Zcash Foundation.

Saturday, 20. July 2024

Epicenter Podcast

How Gnosis 3.0 Paves the Way for Mass Adoption - Friederike Ernst

One of the OG flag bearers for decentralisation, Gnosis initially set out to build a prediction market on Ethereum. However, unlike the vibrant ecosystem of today, the early Ethereum days were barren. As a result, Gnosis team decided to build out their own infrastructure and tooling to suit their needs. Before long, tools such as Gnosis Safe, Zodiac, etc. were quickly adopted by the entire industr

One of the OG flag bearers for decentralisation, Gnosis initially set out to build a prediction market on Ethereum. However, unlike the vibrant ecosystem of today, the early Ethereum days were barren. As a result, Gnosis team decided to build out their own infrastructure and tooling to suit their needs. Before long, tools such as Gnosis Safe, Zodiac, etc. were quickly adopted by the entire industry. Nowadays, since the foundation has been tried and tested, Gnosis 3.0 aims to focus on improving consumer dApp UX in order to facilitate widespread adoption.

Topics covered in this episode:

Gnosis’ background and vision Gnosis 3.0 Gnosis DAO Capital allocation management How Gnosis Pay revolutionizes payment rails The ‘Baguette Conundrum’: privacy & regulatory compliance for on-chain payments The future of the EVM vs. modularity Would Gnosis shift to an L2 architecture?

Episode links:

Friederike Ernst on Twitter Gnosis DAO on Twitter Gnosis Chain on Twitter Gnosis Pay on Twitter Safe on Twitter CoW Swap on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture.

Friday, 19. July 2024

Horizen - Blog

Horizen Ecosystem H1 2024 Report

TL;DRHorizen 2.0 Upgrade is Full Steam Ahead: Community voted in favor of the upgrade to a more advanced blockchain architecture.Binance Monitoring Tag Removed: $ZEN demonstrates stability and meets Binance’s listing criteria.ZenIPs: Six ZenIPs were voted on, including the removal of shielded pools and the technical roadmap for Horizen 2.0.Technical Upgrades: Significant upgrades include new no

TL;DR Horizen 2.0 Upgrade is Full Steam Ahead: Community voted in favor of the upgrade to a more advanced blockchain architecture. Binance Monitoring Tag Removed: $ZEN demonstrates stability and meets Binance’s listing criteria. ZenIPs: Six ZenIPs were voted on, including the removal of shielded pools and the technical roadmap for Horizen 2.0. Technical Upgrades: Significant upgrades include new node software, EON 1.4, and EON Forger Nodes. New Ecosystem Partnerships: New integration with partners such as Magic Link, Rabby Wallet, and Math Wallet. Media & Events: Highlights include the Horizen Buidler House at ETHDenver and appearances at major Web3 conferences.

2024 has been quite the year so far for the Horizen Ecosystem and for $ZEN. Completing the transition away from being a privacy coin and currently undergoing the Horizen 2.0 upgrade to become the next-gen EVM optimized for ZK apps. From ZenIPs to new partners, product upgrades, Horizen turning 7, and more, let’s dive in and see what happened for the first half of 2024.

Horizen 2.0 Upgrade is Full Steam Ahead

In June of 2024, the community voted overwhelmingly in favor for  transitioning $ZEN from the legacy Horizen mainchain and Horizen EON EVM to a more advanced blockchain architecture, we call this upgrade Horizen 2.0. 

At a high level, Horizen ($ZEN) and EON are currently built on older technology stacks. The Horizen Mainchain is a fork of the Bitcoin C++ codebase with a block time of 2.5 minutes, while EON is written in Scala based on the Scorex SDK with an 18-second block time. To address the limitations of these legacy systems and align with the vision of Horizen as a home for ZK and an enduring utility for $ZEN, a ZenIP was proposed to upgrade to Horizen 2.0, which introduces more advanced features and optimizations to enhance the network performance, security, and utility of $ZEN.

To learn more about ZenIP 42406 and Horizen 2.0, check out this high-level overview that breaks everything down. 

Binance Removes the Monitoring Tag for $ZEN

On July 1st, Binance announced the removal of the monitoring tag for $ZEN recognizing its stability and performance. 

The monitoring tag was placed in Jan 2024 along with several other privacy-featured coins. In the same month, the Horizen community voted in favor of removing the privacy feature from the Horizen mainchain, removing regulatory and delisting risks for $ZEN, allowing the Horizen network to maintain its versatility and compliance in the competitive landscape of web3. The shielded pool was removed from the Horizen mainchain on February 2024. 

What else does this mean for $ZEN?  Consistent Stability and Confidence: Indicates that $ZEN has demonstrated consistent stability and security, reducing concerns over volatility and risk. Improved Listing Criteria: Indicates that $ZEN meets Binance’s stringent listing criteria, including regulatory-compliance, strong development activity, team commitment, and a secure network. Positive Market Perception: Reflects a positive outlook on $ZEN, increasing user confidence and encouraging more participation in the Horizen ecosystem.

In the same month of July, $ZEN is ranked a top 10 ZK Project by Market Cap on Coingecko

ZenIPs 

The Horizen community voted on 6 ZenIPs in the first half of this year: 

ZenIP 42207: Removal of the Shielded Pools from the Horizen Mainchain – 99.97% in Favor

This ZenIP represents a necessary evolution of the Horizen network to maintain its competitiveness, versatility, and compliance in the changing landscape of blockchain regulation and technology. The passing of this proposal speaks to the community’s desire to strategically pivot away from privacy-focused features towards a more scalable and regulatory-compliant framework. 

ZenIP 42400: Modernizing Horizen Technology via a Modular Proof Verification Layer – 100% in Favor

This ZenIP details a comprehensive understanding of the new modular system proposed by Horizen Labs. It outlines the strategic approach and delves into the technical aspects of a modular proof verification layer. Horizen Labs later announced that it will independently undertake the buildout of the proof verification chain in order to bring it to market more quickly. 

ZenIP 42401: Updating Proposal and Quorum Thresholds – 77.34% in Favor

The purpose of this ZenIP is to seek the community’s decision on lowering the thresholds for formally submitting improvement proposals and achieving a quorum of votes for them. The goal of this ZenIP is to make the governance of Horizen DAO more accessible for community members, increase the likelihood of successful votes (valid due to reaching a quorum), and bring quorum requirements in line with industry standards.

ZenIP 42404: Delegated Staking Reward Mechanism on EON – 99.87% in Favor

This ZenIP proposed to improve the usability of the EON staking system at the protocol level by automating the reward distribution among the forger hosting provider and the $ZEN holders who stake their ZEN to the forger node. The goal of the upgrade is for the staking security system to calculate and pay the stake reward directly to the staker’s wallet address without first going through the forger node itself.

ZenIP-42405: Directing the Horizen Foundation to Request a Migration Proposal for $ZEN and EON – 99.99% in Favor

This ZenIP seeks the community’s approval to direct Horizen Foundation to formally request a proposal from Horizen Labs regarding a technical roadmap for $ZEN and EON migration. 

ZenIP 42406: Technical Roadmap for the Migration of $ZEN and EON – 99.87% in Favor

This ZenIP seeks the community’s approval on a detailed strategic technical plan for transitioning the $ZEN cryptocurrency from the current Horizen Mainchain and Horizen EON EVM to a more advanced blockchain architecture. The goal of this technical upgrade is to improve Horizen’s blockchain performance, incorporate the latest advancements in zero-knowledge proof systems into Horizen, and enhance the utility of $ZEN.

Technical Upgrades and Updates

Throughout 2024 so far, we’ve seen a number of major upgrades and updates take place:

Horizen Node Software Upgrade ZEN 5.0.3 ZEN 5.0.2 EON 1.4 Upgrade   New Horizen EON Explorer is live The Removal of Shielded Pool from Horizen mainchain The deprecation of Secure Nodes EON Forger Node becomes available to the public  Deprecation of TokenMint sidechain New Ecosystem Partners

So far in 2024, we’ve welcomed a number of new partnerships and integrations to the Horizen Ecosystem. From new wallet integrations like Magic Link, Rabby Wallet, and Math Wallet, to a Safe integration via OnchainDen, we’re continuously growing the Horizen Ecosystem! 

Magic Link Rabby Wallet 1RPC KuSwap NFT Marketplace MathWallet OnchainDen Polytrade

We look forward to welcoming our current network partners and integrators onto the new Horizen2.0 ecosystem! 

Media & Thought Leadership  CEO of Horizen Labs & Co-Founder of Horizen, Rob Viglione, talks ZK and Horizen on the Absolutely Zero Knowledge Podcast StealthEX AMA on Horizen, Horizen Labs, & zkVerify zkTalk with Gevulot on zkVerify, zk Tech, and Horizen Co-founder, Rob Viglione, authors “Modular Verification Proof” for CoinMarketCap Glossary Horizen Co-founder on Abosolutely Zero Knowledge  Events Horizen Buidler House at ETHDenver

During ETHDenver earlier this year we hosted a Web3 Builders Day in collaboration with Supermoon camp, it was a great day full of panels, discussions, networking, and connecting! 

Rolf Versluis, Co-Founder of Horizen gave a keynote presentation on Horizen, we got to hear some talks from ecosystem partners like Yuzu, Covalent, Tatum, and Stably, discussed modular vs monolithic blockchains, reviewed investing in the next Web3 unicorns and more! 

For those who may have missed our recap, we have a thread to review it here: https://x.com/horizenglobal/status/1763687745694957569

In addition to ETHDenver – the team was present at some of the largest Web3 conferences and events of 2024, including Paris Blockchain Week, Token2049 Dubai, Consensus, and ETHCC! 

Consensus 2024

Later this year, we are looking to have a presence at ETHMilan, zkHack, Korea Blockchain Week, Token2049, and Devcon!

The post Horizen Ecosystem H1 2024 Report appeared first on Horizen Blog.


bankless

ROLLUP: Trump Pump | ETH ETF Next Week | Mt. Gox & Germany | Crypto Wars 2.0

Bankless Friday Weekly Rollup 3rd Week of July 2024 ------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod   ------ BANKLESS SPONSOR TOOLS: 🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap&nbs

Bankless Friday Weekly Rollup 3rd Week of July 2024

------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod  

------ BANKLESS SPONSOR TOOLS:

🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUMa ⁠https://bankless.cc/Arbitrum 

🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/34 

------ TIMESTAMPS & RESOURCES 0:00 Intro

3:44 Politics and Crypto  https://www.cnbc.com/2024/07/15/bitcoin-jumps-as-markets-see-increased-odds-of-trump-victory.html  4:28 Trump selects JD Vance as his VP https://truthsocial.com/@realDonaldTrump/posts/112792061935980928  https://nypost.com/2024/07/17/us-news/trump-picking-jd-vance-as-vp-is-big-for-the-bitcoin-crowd/  https://x.com/RyanSAdams/status/1812933662880514479  https://www.standwithcrypto.org/politicians/person/jd---vance https://x.com/RyanSAdams/status/1812936021543149758  https://x.com/taylorjbarr/status/1812930126843126174  https://x.com/shayne_coplan/status/1812931244621000896  https://polymarket.com/  13:05 Trump considers Jamie Dimon as Treasury Secretary  https://x.com/WatcherGuru/status/1813666502526329035  13:59 Trump wants the US to beat China in the crypto race https://www.theblock.co/post/305771/trump-wants-us-in-charge-of-crypto-before-china 

15:46 Vitalik released a Blogpost:  https://vitalik.eth.limo/general/2024/07/17/procrypto.html  https://x.com/RyanSAdams/status/1813596134020895138  https://x.com/valkenburgh/status/1813634877910319499  https://x.com/tusharjain_/status/1813663311591870495  https://x.com/jchervinsky/status/1813635524026048908  https://x.com/MarconiWight/status/1813320579631706598 

25:02 MARKETS L2 Update Scroll TVL increased by 21.9% to $1.01B in the past 7 days https://x.com/WuBlockchain/status/1812732829345947915  Base now 30% bigger https://x.com/jessepollak/status/1811080797706932468 

34:19 Bitcoin liquidity Events (Gox and Germany)  https://x.com/News_Of_Alpha/status/1813167748115292467  What can MtGox do to the price?  https://x.com/ki_young_ju/status/1813277728998609338  Germany is most likely done with selling https://x.com/ArkhamIntel/status/1811830991708639719  How much Germany sold?  https://x.com/ArkhamIntel/status/1813601540516524291 

38:24 ETH ETF next week!!  https://x.com/EricBalchunas/status/1812930206933655759  https://x.com/NateGeraci/status/1812961815833305104  https://x.com/jseyff/status/1813693107214717181  https://x.com/NateGeraci/status/1813698463403765780  https://x.com/coinage_media/status/1813539741851365812  https://x.com/jchervinsky/status/1813571352105979946  . 49:14 BTC ETF daily net flows trending up over the last two weeks https://x.com/WClementeIII/status/1812996129648439633  https://x.com/ericbalchunas/status/1813187237762244840  https://x.com/EricBalchunas/status/1812864261170905281 

53:39 Uniswap Extension is now open to everyone!  https://x.com/Uniswap/status/1813212643139711384 

54:58Crypto Wars 2.0 Positive developments in Roman Storm's Tornado Cash defense https://x.com/valkenburgh/status/1811851516833394994  https://www.coindesk.com/policy/2024/07/12/conduct-versus-code-may-be-the-defining-question-in-roman-storm-prosecution/ 

58:15 Molly White launched her new crypto initiative  https://x.com/molly0xFFF/status/1811836793353884053  https://x.com/RyanSAdams/status/1812950495218045424 

1:03:27 MEME of the Week https://x.com/GoingParabolic/status/1813012646339465334 

1:04:47 Moment of Zen Bitwise’s new ETH commercial is out!  https://x.com/BitwiseInvest/status/1813553235703263276 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Zcash Foundation

The Zcash Foundation bids farewell to Teor

We are sad to announce that Teor is leaving the Zcash Foundation.  Teor joined ZF in June 2020, having previously worked with the Tor Project. They quickly became a key member of the engineering team, acting as engineering lead for extended periods of time, and helping onboard and mentor new engineering hires as the organisation […] The post The Zcash Foundation bids farewell to Teor appear

We are sad to announce that Teor is leaving the Zcash Foundation. 

Teor joined ZF in June 2020, having previously worked with the Tor Project. They quickly became a key member of the engineering team, acting as engineering lead for extended periods of time, and helping onboard and mentor new engineering hires as the organisation grew. They were a leading contributor to the successful development and launch of Zebra, and played an important role in responding to the Halborn security disclosure. They contributed to several ZIPs, regularly attended ZIP editors meetings, and formally became a ZIP editor in September 2023. 

Teor went on sabbatical in early 2024, and has now decided to explore new challenges in non-Proof of Work Web3 technologies. 

Teor remains a firm supporter of the Zcash mission, and will continue to support ZF as a member of our Technical Advisory Board. 

On behalf of their colleagues, both with ZF and across the broader Zcash ecosystem, I want to thank Teor for their contributions and service to the Zcash community, and wish them the very best as they embark on the next phase of their career!

The post The Zcash Foundation bids farewell to Teor appeared first on Zcash Foundation.

Thursday, 18. July 2024

bankless

Making America Pro-Crypto | Congressman French Hill

Bankless Nation, the question today is: Is the U.S. flipping pro-crypto? The United States has either been anti-crypto or neutral since the birth of Bitcoin. That’s starting to change. For the first time, we actually have momentum in D.C. There will be many battles ahead, but right now, crypto is making progress. What would a pro-crypto America look like? What laws do we need to pass to ge

Bankless Nation, the question today is: Is the U.S. flipping pro-crypto?

The United States has either been anti-crypto or neutral since the birth of Bitcoin. That’s starting to change. For the first time, we actually have momentum in D.C. There will be many battles ahead, but right now, crypto is making progress.

What would a pro-crypto America look like? What laws do we need to pass to get there? Who do we still need to convince, and how close are we?

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------ BANKLESS SPONSOR TOOLS:

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🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/33?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E

------ TIMESTAMPS

00:00 Intro 06:01 Trump's Assasination Attempt 09:28 Thought On VP Nominee JD Vance 12:59 Why is Crypto Important to You? 16:11 Legislation 20:36 Why Didn't Democrats Pivot? 23:32 SAB-121 Status Update 29:03 The Next Generation of Products 34:22 Gensler's SEC 36:52 Election Impact on Crypto

------ RESOURCES

Rep French Hill

https://x.com/repfrenchhill 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Wednesday, 17. July 2024

BlueYard Capital

BlueYard Crypto 3: backing the ultimate capital x compute coordination machine with our latest $75m…

BlueYard Crypto 3: backing the ultimate capital x compute coordination machine with our latest $75m early-stage crypto fund As we began to deploy our 3rd dedicated crypto fund, BlueYard Crypto 3* (raised last year), we took a step back to reflect on our thesis and approach behind crypto investing. What are the core belief pillars underpinning our strategy? In the history of technology, econ
BlueYard Crypto 3: backing the ultimate capital x compute coordination machine with our latest $75m early-stage crypto fund

As we began to deploy our 3rd dedicated crypto fund, BlueYard Crypto 3* (raised last year), we took a step back to reflect on our thesis and approach behind crypto investing. What are the core belief pillars underpinning our strategy?

In the history of technology, economics and organizations — never has there been a technology and incentive system that can autonomously coordinate machines (compute, storage, etc), algorithms, data and capital at such an incredible scale, so quickly — all while providing independent, robust and trustless infrastructure for economic activity and data. Although still early in its development, crypto might be the ultimate solution to the collective action problem. Also, if one believes in a future where the autonomous coordination between compute, data and capital will play an increasing role, crypto networks could be the “under the hood” operating system for large economic networks.

Societies and economies will highly value censorship-resistant money and information flows enabled by decentralization, the ability to cut out intermediaries in many large-scale markets — thereby unlocking higher degrees of innovation and efficiency. The creation of portable internet-native assets with the ability to create mass- & user-centric ownership of traditionally centralized businesses will enable a new economic paradigm.

If large networks of coordinated machines and capital can be transformative to many industries and markets relying on computation, data and economic flows in the future — one might reasonably conclude that crypto networks, with their unique properties, have the potential to form a key backbone of such future markets — ranging from software / data / compute markets to physical infrastructure. If crypto can be the future of many markets and financial systems, today’s crypto infrastructure and applications are a call option on that future. This is what BlueYard has always believed — and is reflected in our investment hypothesis and applied strategy of investing at the earliest stages in:

the core functionality of the capital x compute coordination machine, such as the creation of consensus and the economic and technological enhancement of chains (e.g. Protocol Labs / IPFS, Filecoin, Flashbots, Kiln, Ingonyama) the augmentation of core chains to make their consensus and compute useful & usable for developers and users (e.g. Privy, Tableland, Cryptio) an emerging application layer that leverages crypto’s unfair advantages (e.g. 3NUM, Nudge, Radicle / Drips) in web services and financial products (e.g. Centrifuge)

We further augment this by selectively investing in liquid tokens that are a match for our thesis (e.g. Render, Helium, Dimo) and some large-cap L1s for purposes of working capital (e.g. Solana, ETH, Cosmos), with a view to re-deploy the asset base into their native ecosystems.

So if you are building along our thesis or want to open our minds to something completely new — we would like to hear from you. Or if you are looking to work on some open-ended research without committing to scaling a startup, take a look at our DYOR program. BlueYard is a firm that invests in foundational technologies across compute, engineering, software and biology, offering founders a community of like-minded, ambitious and long-term oriented builders that can help each other beyond the boundaries of their respective domains.

Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. This post reflects the current opinions of the authors and is not made on behalf of BlueYard or its affiliates and does not necessarily reflect the opinions of BlueYard, its affiliates or individuals associated with BlueYard. The opinions reflected herein are subject to change without being updated.

*If you are wondering why we are announcing BlueYard Crypto 3 when the last crypto fund we announced was BlueYard Crypto 1 (vs 2) — it is because we confusingly called our first crypto fund BY Crypto 0 (a spin-out of BY 1), whereas our first general fund generation was named BlueYard 1. We are just aligning our naming policy to be less confusing. Right now we are investing BlueYard 3 ($175m) and BlueYard Crypto 3 ($75m).


a16z Podcast

Transitioning From Gymnast to Investor with Aly Raisman

Former gymnast and current investor Aly Raisman joins general partner Julie Yoo and investment partner Daisy Wolf of a16z Bio + Health. In this episode, Aly Raisman shares her quest for healthier living—physically, mentally, and financially—on her journey from gymnast to a business investor. Having transitioned from an intensely structured routine, Aly emphasizes the need for more open conversati

Former gymnast and current investor Aly Raisman joins general partner Julie Yoo and investment partner Daisy Wolf of a16z Bio + Health.

In this episode, Aly Raisman shares her quest for healthier living—physically, mentally, and financially—on her journey from gymnast to a business investor. Having transitioned from an intensely structured routine, Aly emphasizes the need for more open conversations about mental health and financial literacy. She speaks passionately about the gap in women’s health solutions and hopes to inspire entrepreneurs to create impactful businesses. Aly’s experiences as a patient, survivor, and global figure adds a unique dimension to her perspective as an investor. This candid conversation with Aly and Julie Yoo sheds light on Aly’s passion for more education within the investment space, offering invaluable insights for entrepreneurs, particularly in biotech and healthcare.

 

Resources: 

Find Aly on Twitter: https://x.com/aly_raisman

Find Julie on Twitter: https://x.com/julesyoo

Find Daisy on Twitter: https://x.com/daisydwolf

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

Is SOL Undervalued? 83% Discount to ETH? | Michael Nadeau

SOL is currently trading at an 83% discount to ETH - should it be? Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights. In our

SOL is currently trading at an 83% discount to ETH - should it be?

Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights.

In our discussion, we explore why fundamentals matter when analyzing crypto assets like ETH and SOL. We review the data for 2024 to see who’s winning and examine the catalysts for both ETH and SOL. Additionally, Michael shares his price predictions for ETH and SOL this cycle and offers insights on which asset will outperform the other in the second half of the bear market.

------

✨ Mint the episode on Zora ✨

https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/32?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------

🐡 PUFFER | CHECK OUT PUFFER UNIFI

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------

BANKLESS SPONSOR TOOLS:

🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠ 

🛞 MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

🦄 UNISWAP | BROWSER EXTENSION

https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS

https://bankless.cc/fuel 

⚖️ ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

------

TIMESTAMPS

00:00:00 Start

00:02:59 Are Fundamentals Having a Moment?

00:08:59 Solana's 83% Discount

00:12:11 Fundamentals Data

00:17:09 Fees, SOL vs ETH

00:19:52 Fee Generation & MEV

00:22:36 DEX Volume

00:25:31 Stablecoin Volume

00:28:08 Total Value Locked

00:31:49 Core Devs

00:34:50 Value Accrual

00:41:45 The Bull Case For Ether

00:49:22 Upcoming Catalysts

00:57:09 Qualitative Differences

00:59:40 Price: SOL vs ETH

01:04:10 Price Targets

------

RESOURCES

Michael's Report: https://thedefireport.io/research/sol-discount-eth 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠ 

Tuesday, 16. July 2024

Sequoia

AI Optimism vs AI Arms Race

The post AI Optimism vs AI Arms Race appeared first on Sequoia Capital.
The Game Theory of AI CapEx

“Will AI change the world” and “Are CapEx levels too high” are different questions.

By David Cahn Published July 16, 2024

Imagine you knew for certain that AI was going to be as transformational as the internet, and that you control the only AI company in the world. How fast would you build CapEx?

I believe the answer is: You would take your time. “AI CapEx” is a euphemism for building physical data centers with land, power, steel and industrial capacity. If you were the only company in AI, you’d wait to digest some AI revenues. You’d see how liquid cooling systems perform, and alter your data center designs as needed. You’d build new power generation assets in the right locations, and then build your data centers in proximity to fiber optic cables. What you would not do is immediately lock in multiple years worth of CapEx, because you’d know that as models and architectures shift, so too will your data centers need to evolve.

Many market participants today would have you believe that there is a choice between being an “AI bull,” who believes that infrastructure building is justified by AI’s enormous potential or an “AI bear,” who believes that overbuilding sets future expectations too high. The thought experiment above illustrates that this is a false dichotomy. The CapEx debate is a debate about speed, not about magnitude.

In fact, the more you believe in AI, the more you might be concerned that AI model progress will outpace physical infrastructure, leaving the latter outdated. For example, once everyone has 100k clusters, big tech companies will need to figure out what to do with their 50k and 25k clusters. We’ve heard a few industry experts make comments along the lines of: No one will ever train a frontier model on the same data center twice—by the time the model has been trained, the GPUs will have become outdated, and frontier cluster sizes will have grown. There is also the issue of how much power you need for a given real estate footprint and how dense to pack your GPU racks, decisions that are dependent on GPU power efficiency—a moving target.

The key to understanding the pace of today’s infrastructure buildout is to recognize that while AI optimism is certainly a driver of AI CapEx, it is not the only one. The cloud players exist in a ruthless oligopoly with intense competition. This is no small prize to defend—the cloud business today is a $250B market, roughly the same size as the entire SaaS sector, combined. The cloud giants see AI as both a threat and an opportunity and do not have the luxury to wait and see how the technology evolves. They must act now. 

The arms race between Microsoft, Amazon and Google is thus game theoretic. Every time Microsoft escalates, Amazon is motivated to escalate to keep up. And vice versa. We are now in a cycle of competitive escalation between three of the biggest companies in the history of the world, collectively worth more than $7T. At each cycle of the escalation, there is an easy justification—we have plenty of money to afford this. With more commitment comes more confidence, and this loop becomes self-reinforcing. Supply constraints turbocharge this dynamic: If you don’t acquire land, power and labor now, someone else will.

For smaller players, the urgency is even higher. If Microsoft and Amazon buy up all the land and power, buy up all the diesel generators and buy up all the liquid cooling systems, then how will you compete? When you look one notch below the scale of Amazon, Google and Microsoft, there is a sense of desperation. If you do not move now, you will never get another chance. 

This helps explain another potential motive for the aggressive behavior we’re seeing from the cloud providers: Defense. There is a real-sense in which only companies that have the balance sheets to withstand big write-offs can now afford to play in the AI infrastructure race. From this perspective, overbuilding may be perfectly rational.

Whether for reasons of optimism or reasons of competition, today’s rapid construction of new AI data centers should have a big positive effect on startups going forward. Much of the risk in AI today is being borne by infrastructure providers. This is effectively a subsidy for the startups who are building on top of them. Competition between Microsoft, Amazon and Google should assure lower API pricing in the future. It’s also good for the AI ecosystem—these CapEx investments will enable us to test scaling laws and learn more about AI’s future potential. 

Like governments did in the past, big tech companies are making high upfront infrastructure investments that will spur innovation. Whether or not these investments end up being profitable before they depreciate, they are on the critical path to AI’s long-term impact.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI’s $600B Question By David Cahn Perspective Read AI is Now Shovel Ready By David Cahn Perspective Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read The Next Billion Developers By David Cahn Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI Optimism vs AI Arms Race appeared first on Sequoia Capital.

Monday, 15. July 2024

Zcash

Paul Brigner transitions from ECC, joins Bootstrap Org Board of Directors

Paul Brigner has resigned from his role at Electric Coin Co. (ECC) as Vice President of Strategic Alliances to join Coinbase and lead the Coinbase Institute. While he leaves a […] Source
Paul Brigner has resigned from his role at Electric Coin Co. (ECC) as Vice President of Strategic Alliances to join Coinbase and lead the Coinbase Institute. While he leaves a […]

Source


Horizen - Blog

Keep Your ZEN Safe and Avoid Scams During Horizen 2.0 Upgrade

Dear community members. Our transformative upgrade to Horizen 2.0 is full steam ahead since the community voted in favor of the ZenIP 42406, which proposes a roadmap for the upgrade of $ZEN and EON! Security Best Practices Please follow the steps below to ensure a smooth and safe experience during the 2.0 upgrade and keep […] The post Keep Your ZEN Safe and Avoid Scams During Horizen 2.0 Upgr

Dear community members.

Our transformative upgrade to Horizen 2.0 is full steam ahead since the community voted in favor of the ZenIP 42406, which proposes a roadmap for the upgrade of $ZEN and EON!

Security Best Practices

Please follow the steps below to ensure a smooth and safe experience during the 2.0 upgrade and keep your ZEN safe from scammers:

Do NOT send funds to anyone claiming to be from Horizen. We would never ask the community to send us ZEN or any other type of funds. Do NOT share your private keys with anyone. We would never ask for private keys. If your private keys are not safe and secure, neither are your crypto assets. Do NOT install anything on your device that is not from the official sources. Do NOT give anybody remote access to your device. We’d never ask you to install any software for remote access. Do NOT trust any DMs that give instructions for any type of Horizen airdrop. Official team members would never DM you. We only communicate the procedure on our official public channels. The best way to get support is to open a ticket on the “open-a-ticket” channel on the Horizen Discord. Always double-check the social media handle and URL to make sure you are visiting the official channels.

Official Channels

The following channels are official and safe accounts to follow:

Horizen X: https://x.com/horizenglobal Horizen Labs X: https://x.com/HorizenLabs Telegram: https://t.me/horizencommunity Discord: https://horizen.io/invite/discord  Blog: https://blog.horizen.io Discourse: https://horizen.discourse.group  Website: www.horizen.io  Github: https://github.com/HorizenOfficial Newsletter Signup: https://www.horizen.io/developer-newsletter/ 

What to do if you find a scam or have a question about an announcement? Please report the group or account to our teams on Discord

Here is the ONLY official invitation link to the Discord: https://horizen.io/invite/discord 

You can also contact us on Telegram “horizen community”: https://t.me/horizencommunity 

Example of a scam attempt

As you can see in this scam attempt, users are being misled. They may think they’re on the official channel, but they’re not.

The only Horizen domain you should trust is horizen.io and blog.horizen.io.

Any additional words are domains bought by scammers. In this example: migrate-horizen.io.

The name of the scam Telegram group here is https://t.me/horizencommunitty Can you spot the scam?

In this scam example, there are two “t’s” in the word “community”.

You can also check when the group/user providing the information was created. Usually, scammers are very new accounts with little or no message history.

The post Keep Your ZEN Safe and Avoid Scams During Horizen 2.0 Upgrade appeared first on Horizen Blog.


Zcash Foundation

Results of the ZCAP Dev Fund poll

The Zcash Dev Fund poll has now closed and the results are in! The purpose of this poll was to determine whether there is clear consensus amongst the Zcash community that a new Dev Fund should be established when the current Dev Fund expires in November, and, if so, which Dev Fund proposal should be […] The post Results of the ZCAP Dev Fund poll appeared first on Zcash Foundation.

The Zcash Dev Fund poll has now closed and the results are in!

The purpose of this poll was to determine whether there is clear consensus amongst the Zcash community that a new Dev Fund should be established when the current Dev Fund expires in November, and, if so, which Dev Fund proposal should be adopted. 

Members of the Zcash Community Advisory Panel (ZCAP) were asked to indicate their approval for each of the six proposals for a new Dev Fund, and for allowing the current Dev Fund to end without establishing a new Dev Fund.

Here are the results:

Under the Majority Choice Approval (MCA-M or Modified Bucklin) voting method, the winning proposal is the Lockbox for Decentralized Grants Allocation (20% option), which directs 20% of the block rewards to a lockbox, for future disbursement in a manner that is consistent with results of community polling.

Note that cumulative percentages may not total to 100% due to abstentions.

The poll also asked voters to express their approval of direct and non-direct funding models, with an additional option of “I wish to reserve judgment until more information about a Non-Direct Funding Model is available”.

Here are the results:

Thank you to everyone who voted!

The post Results of the ZCAP Dev Fund poll appeared first on Zcash Foundation.


bankless

Stocks Up & Crypto Flat...Why? | Jim Bianco

Why are stocks up but crypto’s not? What happened to the bull market? Jim Bianco is the perfect guest to intersect crypto, traditional finance and the broader macro world. And that’s exactly why we brought him on the show today.  We ask him: - Are tech stocks in an AI bubble? - Is crypto going to have its moment? - How’s the U.S economy really doing? - What are the next potential mar

Why are stocks up but crypto’s not? What happened to the bull market?

Jim Bianco is the perfect guest to intersect crypto, traditional finance and the broader macro world. And that’s exactly why we brought him on the show today. 

We ask him:

- Are tech stocks in an AI bubble? - Is crypto going to have its moment? - How’s the U.S economy really doing? - What are the next potential market movers?

Jim guides us through all this, not only that, he explains how he’s positioning himself and his portfolio for 2024.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/31?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 5:28 Stocks Outperforming Crypto? 12:36 AI Bubble? 18:05 Buffet Indicator 22:57 Money Markets at ATH 28:21 Crypto ETFs 38:02 Tokenization 42:50 Crypto’s Political Shift 51:37 Crypto’s Pain Points 1:04:19 Inflation 1:12:07 Recession Coming? 1:22:05 Market Movers 1:26:37 Jim Bianco’s Portfolio 1:32:48 Closing & Disclaimers

------ RESOURCES

Jim Bianco https://x.com/biancoresearch  

Bianco Research https://www.biancoresearch.com/visitor-home/  

Bianco Research Advisors https://www.biancoadvisors.com/  

Exponential https://exponential.fi/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Empiria

NFTs vs. Verifiable Credentials

NFTs vs VCs comparison tableVCs (Verifiable Credentials) TL,DR: NFTs and Verifiable Credentials (VCs) are both important for web3, but they serve different purposes. NFTs are like public certificates of ownership for digital assets, while VCs are secure digital documents that you own and control. Forget data silos, the constant login battles with the data-hungry giants of today, the data leak
NFTs vs VCs comparison tableVCs (Verifiable Credentials)

TL,DR: NFTs and Verifiable Credentials (VCs) are both important for web3, but they serve different purposes. NFTs are like public certificates of ownership for digital assets, while VCs are secure digital documents that you own and control.

Forget data silos, the constant login battles with the data-hungry giants of today, the data leaks and hacks. Web3 promises a more user-centric future rooted in individual sovereignty and ownership. How? All thanks to technology. Amongst all the tech underpinning the ongoing shift to web3 — blockchain, smart contracts, dApps, and more — two tools are tasked with establishing ownership and authenticity: Non-Fungible Tokens (NFTs) and Verifiable Credentials (VCs). And while they both play a crucial role in this web3 revolution, they serve distinct purposes. This article will define what they are, why they matter, and how what use cases they are best for.

What are NFTs?

NFTs, which stands for Non-Fungible Tokens, are unique digital certificates stored on a blockchain that act like ownership deeds for digital assets, proving ownership of things like artwork, music, in-game items, and more.

Here’s what’s worth remembering about NFTs:

Digital Asset: An NFT can represent various digital things like artwork, music, videos, in-game items, and more. Unique: Each NFT is one-of-a-kind and cannot be replicated. Ownership Verification: The blockchain record ensures everyone can verify who owns a particular NFT. Public: NFTs are public and transparent, allowing anyone to view the ownership history and details of a digital asset on the blockchain Use Cases: NFTs are used for collecting digital art, establishing the ownership of virtual assets (for example in games), representing real-world assets, and more. What are VCs?

VCs, short for Verifiable Credentials, are cryptographic attestations of data attributes. They function as secure and verifiable proofs of a variety of information. They can be issued by trusted entities across industries, such as governments, educational institutions, service providers, and others. VCs are crucial for Self-Sovereign Identity (SSI) — a transformative approach to digital identity that empowers individuals to take control of their data.

Here’s what’s worth remembering about VCs:

Self-Sovereign Identity: VCs are a secure and verifiable way to own and showcase your digital identity. Verifiable: Blockchain ensures the VCs’ authenticity can be easily verified. Interoperable: VCs are designed to be interoperable across different platforms, ensuring they can be seamlessly used and verified without compatibility issues. Privacy-Focused: VCs allow you to disclose specific, selected details without revealing all your information. Use Cases: VCs can streamline KYC, KYB, AML, age verification, secure sharing of health information, validation of academic credentials, access rights management, inspection rights and traceability, insurance claims, digital product passports, and more How are NFTs and VCs different?

Use Cases

NFTs represent unique digital or physical assets, publicly verifying ownership and enabling transactions of digital art, collectibles, and more. Example use cases include:

Art and Collectibles: Artists and creators can sell digital art and collectibles as NFTs, providing proof of ownership and authenticity to buyers. Gaming: NFTs are used in gaming to represent unique in-game assets, such as characters, skins, and items, which players can own, trade, and sell. Music and Entertainment: Musicians and content creators can release their works as NFTs, offering exclusive content and experiences to fans.

VCs allow individuals to control and selectively share verified personal information, such as educational degrees and professional licenses. Example use cases include:

KYC/KYB, AML age verification Education: VCs can be used to verify educational qualifications and certifications, reducing fraud and making it easier for employers to authenticate credentials. Healthcare: Patients can use VCs to share verified health records with healthcare providers, ensuring accurate and secure data exchange. Employment: Employers can issue VCs for employment history, skills, and achievements, making it easier for individuals to prove their professional background. Financial Services: VCs enable efficient KYC (Know Your Customer) processes. They can be used to verify customer information, streamline customer onboarding, enhance security, and ensure compliance with regulations. Digital Product Passport: VCs revolutionize retail with the Digital Product Passport, allowing consumers to scan product QR codes for instant access to specifications, purchase history, and authenticity tracking. Brands leverage this to gain insights, optimize operations, and enhance customer loyalty through personalized engagement. Credit Scores: VCs can help securely share credit scores with financial institutions, landlords, or entities in need of credit assessments. No intermediaries are needed. Insurance: VCs can simplify insurance processes by allowing individuals to share verified identity, driving history, or claims history with providers. This improves risk assessment and speeds up policy issuance. Inspections: VCs can be used to verify compliance and inspection records for various industries, such as construction, food safety, and manufacturing. This ensures that standards are met and simplifies the verification process.

Privacy

NFTs are publicly visible on the blockchain, and showcase ownership of digital assets for everyone to see. This transparency is crucial for things like collectible art, where ownership history is part of the value. However, for personal data, this public visibility might not be ideal.

Verifiable Credentials (VCs) take a different approach. Imagine a noncustodial digital wallet containing your verified credentials. In this wallet, your data is encrypted and entirely private, safeguarded against unauthorized access. Unlike NFTs, VCs do not expose sensitive information on the blockchain; instead, blockchain technology is used solely for storing Decentralized Identifiers (DIDs), which facilitate data verification. You can selectively share specific details with relevant parties, ensuring only the necessary information is disclosed. This granular control over your data is particularly valuable in an era of privacy concerns, data breaches, etc.

Empe Verifiable Data Wallet is noncustodial and provides unmatched data security and privacy, safeguarding users’ information against unauthorized access.

Transferability

NFTs are great for proving and transferring ownership of digital assets. They function like public certificates on the blockchain, showcasing who owns what. This facilitates the trading of virtual assets since the ownership of an NFT can be transferred from one person to another.

In contrast, VCs prioritize ownership and control over data. VCs act as secure digital documents of verified achievements, qualifications, etc. These documents are connected to the user’s unique decentralized identifier (DID) and cannot be sold, exchanged, or transferred.

Blockchain usage

Both NFTs and VCs rely on blockchain to perform their tasks. However, they use it in distinct ways. NFTs are stored on the blockchain, publicly revealing digital assets’ ownership history and authenticity.

VCs, on the other hand, are stored securely and privately off-chain, in the user’s Verifiable Data Wallet. Blockchain is used solely for storing Decentralized Identifiers (DIDs) which allow for data to be verified without compromising data security or privacy.

Cost-effectiveness

NFTs tend to be more expensive overall. Minting and trading them often involve transaction fees on the underlying blockchain, which can fluctuate significantly based on network congestion. Additionally, creating and selling NFTs might incur platform-specific charges depending on the chosen marketplace.

VCs, on the other hand, are more cost-effective as they mostly rely on off-chain cryptography with zero marginal cost for issuance and verification and generate low and predictable transaction fees for on-chain operations like DID creation, revocations, and timestamping.

Technology and Standards

NFTs rely on blockchain standards such as ERC-721 or ERC-1155 (on Ethereum), facilitating their creation and trade on diverse NFT marketplaces.

VCs, on the other hand, typically leverage standards like the Verifiable Credentials Data Model (VCDataModel) from W3C, OpenID Connect for Verifiable Credentials (OIDC-VC), JSON Web Tokens (JWTs), Zero-Knowledge Proofs (ZKPs), and other industry-specific frameworks. These standards ensure that VCs are securely managed and interoperable across various platforms, empowering individuals with control over their data securely and privately.

Conclusion

NFTs and Verifiable Credentials (VCs) function differently, but are not rivals — they’re powerful allies in web3. Both technologies significantly contribute to a future of enhanced data privacy, security, and interoperability, and the right technology choice always depends on the underlying use case. Understanding their strengths and differences allows people and organizations to leverage the full potential of decentralized data ecosystems.

Sunday, 14. July 2024

Epicenter Podcast

Ethereum at a Crossroads - Vitalik Buterin (Live from EthCC 7)

We couldn’t miss EthCC 7, nor the chance to chat with Vitalik Buterin about Ethereum’s status quo as an L1 amidst the plethora of L2s competing for market share, and what challenges will most likely arise along the way (e.g. staking decentralisation). Tune in for a captivating discussion on the importance of decentralisation as a last stand of human empowerment in the current geopolitical context

We couldn’t miss EthCC 7, nor the chance to chat with Vitalik Buterin about Ethereum’s status quo as an L1 amidst the plethora of L2s competing for market share, and what challenges will most likely arise along the way (e.g. staking decentralisation).

Tune in for a captivating discussion on the importance of decentralisation as a last stand of human empowerment in the current geopolitical context and how it could positively impact AI's trajectory. 

Topics covered in this episode:

Types of Ethereum ‘hardnesses’ (sic) The L1 status quo Staking decentralisation & block building Non-financial crypto applications Account abstraction & interoperability Solana & Bitcoin ecosystems DeSci, biotech & longevity Geopolitics Ethereum nation state? The impact of AI Do not go gentle into that good night

Episode links:

Vitalik Buterin on Twitter EthCC on Twitter Ethereum on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture & Brian Fabian Crain.

Friday, 12. July 2024

a16z Podcast

Live at Tech Week: Delivering AI Products to Millions

Less than two years since the breakthrough of text-based AI, we now see incredible developments in multimodal AI models and their impact on millions of users. As part of New York Tech Week, we brought together a live audience and three leaders from standout companies delivering AI-driven products to millions. Gaurav Misra, Cofounder and CEO of Captions, Carles Reina, Chief Revenue Officer of Elev

Less than two years since the breakthrough of text-based AI, we now see incredible developments in multimodal AI models and their impact on millions of users.

As part of New York Tech Week, we brought together a live audience and three leaders from standout companies delivering AI-driven products to millions. Gaurav Misra, Cofounder and CEO of Captions, Carles Reina, Chief Revenue Officer of ElevenLabs, and Laura Burkhauser, VP of Product at Descript discuss the challenges and opportunities of designing AI-driven products, solving real customer problems, and effective marketing.

From the critical need for preventing AI misuse to ensuring international accessibility, they cover essential insights for the future of AI technology.

 

Resources: 

Find Laura on Twitter: https://x.com/burkenstocks

Find Carles on Twitter :https://twitter.com/carles_reina

Find Gaurav of Twitter: https://twitter.com/gmharhar

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 


bankless

ROLLUP: Stocks vs. Crypto | EthCC Recap | Trump BTC Conf Speaker | ETH Documentary Release

Bankless Friday Weekly Rollup Second Week of July ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/30?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 🐡 PUFFER | CHECK OUT PUFFER UNIFI https://bankless.cc/PufferUnifi  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/ban

Bankless Friday Weekly Rollup Second Week of July ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/30?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 🐡 PUFFER | CHECK OUT PUFFER UNIFI https://bankless.cc/PufferUnifi  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS & RESOURCES 00:00 Start

03:18 ETH CC Vibes https://x.com/TrustlessState/status/1811041008966160595 

05:47 Vitalik Updates https://x.com/ranjan3118/status/1810707552256327783  https://x.com/0xMichz/status/1810771333846028629?t=4WJ_G8nmaQfz2fbiB7ggeQ&s=19  https://www.theblock.co/post/304479/vitalik-buterin-pushes-for-ethereum-to-respond-to-51-attacks-in-a-more-automated-way 

08:53 Getting Robbed? https://x.com/evanincrypto/status/1810377921628123333 

10:09 Speaking of Crime... https://x.com/_b33ts/status/1811171877416792528 

10:45 Bankless ETHCC Meetup https://x.com/BanklessHQ/status/1810629985298006148 

11:21 Markets https://x.com/caprioleio/status/1809146232104988817  https://x.com/ArkhamIntel/status/1810611088838279436  https://x.com/JoanaCotar/status/1808888782738911614  https://www.theblock.co/post/303911/bitstamp-mt-gox-bitcoin-asap-once-arrives 

15:09 Bullish Factors https://x.com/jseyff/status/1809432981573865565?s=46  https://www.theblock.co/data/crypto-markets/bitcoin-etf  https://x.com/NateGeraci/status/1810731660247453976 

18:18 ETH ETF Incoming https://x.com/EricBalchunas/status/1810331280006861268  https://cointelegraph.com/news/ethereum-etf-launch-close-to-finish-line-bitwise-cco 

19:01 Grayscale ETHE https://x.com/SGJohnsson/status/1810420032541020174  https://ycharts.com/companies/ETHE/discount_or_premium_to_nav 

25:53 Good Inflation Numbers https://www.barrons.com/news/us-stocks-pause-near-records-after-good-inflation-data-5bb78439  https://x.com/WatcherGuru/status/1811377447461339368 

26:34 Stocks Up, Crypto Uhh? https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d  https://www.tradingview.com/chart/?symbol=NASDAQ%3AQQQ  https://x.com/EricBalchunas/status/1808155233274458605 

30:38 BUIDL $500M Market Cap https://etherscan.io/token/0x7712c34205737192402172409a8f7ccef8aa2aec 

32:48 Tokenized Assets https://app.rwa.xyz/treasuries  https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/  https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assets 

35:13 ETH Gas Fees Are LOW https://etherscan.io/chart/gasprice  https://www.growthepie.xyz/fundamentals/rent-paid  https://x.com/lookonchain/status/1808411819700277746  https://thedefireport.io/research/sol-discount-eth 

42:08 Crypto Enters GOP Platform https://x.com/nic__carter/status/1810378813089718518?s=46 

45:31 Donal Trump Joins Bitcoin Conference https://x.com/TheBitcoinConf/status/1811181245906506031 

47:24 The Role of Crypto In Elections https://www.grayscale.com/elections  https://x.com/RyanSAdams/status/1811033027834708226 

50:31 Celsius Sues Thousand Of Users https://x.com/CelsiusLOC/status/1808137312242479441 

53:47 Ethereum Story Documentary https://paragraph.xyz/@ethereumfilm/not-just-a-film  https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fblo1x040x8d81.png 

55:41 Raises https://x.com/romeprotocol/status/1810657493875294558?s=46&t=dAxCjT2P_GIrJMvMgWIpfA 

57:04 Meme of The Week

58:09 Moment of Zen https://x.com/BitwiseInvest/status/1810303321099366453 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 11. July 2024

Circle Blog

Scaling Your App for High Volume USDC Transactions with CCTP

As a developer, you know the scalability issues of using the Ethereum blockchain for high throughput use cases. Slower transaction settlement and prohibitively high gas fees hinder its adoption as a viable network to facilitate payments and commerce. The emergence of Layer 2 (L2) blockchains like Arbitrum and next-gen Layer 1 (L1) blockchains like Polygon PoS and Solana help to address

As a developer, you know the scalability issues of using the Ethereum blockchain for high throughput use cases. Slower transaction settlement and prohibitively high gas fees hinder its adoption as a viable network to facilitate payments and commerce. The emergence of Layer 2 (L2) blockchains like Arbitrum and next-gen Layer 1 (L1) blockchains like Polygon PoS and Solana help to address this problem, providing a fast and efficient way to transfer USDC at enterprise scale with near-zero transaction costs.


Greylock Partners

How Figma Closes the Gap Between Imagination and Reality

The post How Figma Closes the Gap Between Imagination and Reality appeared first on Greylock.

Sequoia

Fireworks: Production Deployments for the Compound AI Future

The post Fireworks: Production Deployments for the Compound AI Future appeared first on Sequoia Capital.
Fireworks: Production Deployments for the Compound AI Future

The advent of intelligence as an API ushered in an explosion in AI—and Fireworks is emerging as a leader in the market.

By Sonya Huang and Romie Boyd Published July 11, 2024 Team Fireworks

It is a similar arc at every company: developers begin their AI journey using a “Cadillac”—a very large, closed-source model to bootstrap a demo. But as they prototype to product-market fit and start to move their AI prototypes into production, they quickly start stumbling over a common set of hurdles:

Latency: Customers expect applications close to real time, and milliseconds can degrade their experience—and their conversion.  Cost: At production volume and scale, closed-source model bills rack up quickly. Quality: For some tests, a larger model may underperform relative to a smaller, finely tuned model with specific examples.  Model and data ownership: Many enterprises are wary of sharing their secret sauce with an external provider, and prefer to host inference within their own virtual private cloud. External dependencies: Companies want multiple models from a reliable cloud service provider, with no single source of failure for critical applications. 

In short, once companies hone in on a specific AI use case, the “Cadillac” often becomes overkill: too heavy, too slow and too expensive to best serve production workloads. 

Meanwhile, teams are also increasingly shifting to compound AI systems, which combine multiple model calls, retrievers or external tools, offer better performance, reliability and control, versus relying on a single model.

A growing need

Thus enterprises are balancing a constellation of needs as they enter production: they crave the ease of a closed-source model provider; the latency, cost, quality and security that open-source models offer; and the versatility of compound systems. We at Sequoia have noticed a sharp inflection point over the last 6-9 months as more open-source alternatives have become viable.

It is a massive opportunity. The AI compute market alone is measured in tens of billions of dollars annually, and we expect a shift from majority training to majority production over the next several years. We also believe that the tailwinds behind the AI inference market are as durable as they are large. Silicon Valley has a long history of infrastructure providers making ever-more-ambitious applications possible by pushing the price-performance curve. By meeting the pragmatic needs of enterprises and pushing the boundaries of that curve, Fireworks has a chance to become a defining infrastructure provider for the age of AI.

An emerging leader

This market is not only large, but brutally competitive, with every startup claiming to have the best latency, throughput and cost. But as we talked with AI companies in our portfolio, a crowded market started to become crystal clear: Fireworks was the emerging market leader, with the best technology and the best team. 

Co-founders Benny Chen, Chenyu Zhao, Dmytro Dzhulgakov, Dmytro Ivchenko, James Reed, Lin Qiao and Pawel Garbacki bring together deep expertise from Google and Meta, including leadership of Meta’s PyTorch, which became the dominant framework for training neural nets including all modern large language models and diffusion models. Now, the Fireworks team is using those learnings to build a proprietary inference stack. And just as PyTorch was known for, among other things, its performance, which required multiple layers of optimization between hardware and framework, Fireworks’ custom CUDA kernel FireAttention has exceptional performance compared to other providers’ open source inference and serving frameworks. In particular, FireAttention v2 is the leading low-latency inference engine for real-time applications, with speed improvements up to 8x and beyond.

What’s more, their latest offering is purpose-built to address the growing shift toward compound AI systems. FireFunction V2, an open-weight function-calling model, can orchestrate across multiple models, as well as their external data and knowledge sources and other APIs. It also seamlessly integrates with a range of tools and frameworks, allowing developers to quickly and easily build scalable multi-inference workflows.

Fireworks is also approaching this market holistically; rather than simply providing a suite of tools (e.g., inference and fine-tuning), they are building a full solution that delivers the optimal mixture of models and functions based on customers’ specific requirements. And by choosing to partner, rather than compete, with cloud providers and enabling deployment into existing virtual private clouds, they have created a win-win for customers. Cloud vendors can focus on hardware purchasing, data center capex and service availability, while Fireworks can focus on delivering the most performant inference engine and the best developer experience for Generative AI. They’ve made running popular open-source models inside your cloud provider not only faster and cheaper, but more ergonomic, as well.

Grand ambitions

Already, the customers Fireworks has signed reflect its stellar reputation. Following competitive bake-offs, enterprises (Uber, DoorDash, Upwork, Quora) and AI-native startups (Cursor, Superhuman, Sourcegraph Cody, Cresta) alike have chosen to build their stack around Fireworks. The platform is making it easier for these to achieve large model performance from small model cost and latency—and to build agentic workflows that utilize specific underlying models. 

But Fireworks’ vision is not simply to provide the fastest inference engine. In addition to FireFunction V2, recent product announcements such as FireOptimus, an LLM inference optimizer that learns your traffic to provide better latency (2x) and quality (>= GPT-4), offer a glimpse of the innovations ahead.

In the months and years to come, the grand ambition is to build the single best platform enterprises can rely on as they deploy AI into production. We are excited to double-down on our partnership with Lin and the rest of the team as we lead Fireworks’ Series B, and to continue supporting the growth of both the platform and the team. As more companies make the choice that latency, cost, quality, ownership and developer experience matter for production AI—and as compound systems expand access to the sophisticated solutions once available to only a select few—the underlying technology this team is building will keep getting better, enabling an ever-expanding set of delightful customer experiences.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Enterprise #Funding announcement The New Ideas Needed for AGI By Sonya Huang and Pat Grady Perspective Read Partnering with LangChain: The LLM Application Framework By Sonya Huang and Romie Boyd News Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read Generative AI’s Act Two By Sonya Huang, Pat Grady and GPT-4 Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Fireworks: Production Deployments for the Compound AI Future appeared first on Sequoia Capital.

Wednesday, 10. July 2024

Circle Blog

Circle Responds to Federal Reserve’s Expansion of Payment Services Proposal

This week, Circle submitted its response to the Federal Reserve Board’s proposal to expand the service hours of its two large-value payments services: the Fedwire Funds Service (Fedwire) and the National Settlement Service (NSS). The Fed’s proposal presents a meaningful opportunity for U.S. financial regulators to revisit and upgrade the settlement architecture underpinning the U.S. fin

This week, Circle submitted its response to the Federal Reserve Board’s proposal to expand the service hours of its two large-value payments services: the Fedwire Funds Service (Fedwire) and the National Settlement Service (NSS). The Fed’s proposal presents a meaningful opportunity for U.S. financial regulators to revisit and upgrade the settlement architecture underpinning the U.S. financial system. 


Zcash Foundation

Polling ZCAP on a New Dev Fund

In 2020, the Zcash community decided to establish a Dev Fund, consisting of 20% of block rewards, allocated between the Electric Coin Company, the Zcash Foundation, and a major grants program, now known as Zcash Community Grants.  Since the Dev Fund was established, the Zcash ecosystem has evolved and changed significantly, becoming more decentralized as […] The post Polling ZCAP on a New D

In 2020, the Zcash community decided to establish a Dev Fund, consisting of 20% of block rewards, allocated between the Electric Coin Company, the Zcash Foundation, and a major grants program, now known as Zcash Community Grants. 

Since the Dev Fund was established, the Zcash ecosystem has evolved and changed significantly, becoming more decentralized as new teams have joined the ecosystem. However, that Dev Fund will end later this year, and the question we now face is how best to support this continued evolution, growth and progress towards greater decentralization. 

Last year, the community began discussing whether there should be a new Dev Fund, and, if so, what it should look like. After months of discussion, debate, community calls, Twitter spaces, and exploratory polls, we now have a slate of six proposals for the community to consider:

Manufacturing Consent; Re-Establishing a Dev Fund for ECC, ZF, ZCG, Qedit, FPF, and ZecHub by Noamchom Lockbox For Decentralized Grants Allocation (perpetual 50% option) by Skylar Saveland Establishing a Hybrid Dev Fund for ZF, ZCG and a Dev Fund Reserve by Jack Gavigan Hybrid Deferred Dev Fund: Transitioning to a Non-Direct Funding Model by Jason McGee, Peacemonger & GGuy Lockbox For Decentralized Grants Allocation (20% option) by Kris Nuttycombe Masters Of The Universe? by Noamchom

If the community does not reach clear consensus in favour of adopting a particular proposal, the Dev Fund will expire in November as planned.

A Note on Impartiality

One of proposals was drafted by the Zcash Foundation (ZF), based on the results of exploratory polling. However, ZF is not endorsing or advocating for any specific Dev Fund proposal. This is a decision for the community to make, and our primary objective is to help the community reach consensus, even if the end result is no funding for ZF. 

We at ZF believe that the work we have carried out over the past few years has been of benefit to Zcash and the Zcash community, and we hope that the Zcash community agrees, and is willing to continue funding that work. 

However, for the avoidance of any doubt, if the Zcash community decides that the Dev Fund should end and not be replaced (or that it should be replaced but that ZF should not receive any funding), ZF will support that decision, and do what is necessary to enact it (including implementing the new consensus rules in Zebra). 

Polling ZCAP 

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will close at 09:00 UTC on 15th July 2024.

The purpose of this poll is to determine whether there is clear consensus amongst the Zcash community that a new Dev Fund should be established when the current Dev Fund expires in November, and, if so, which Dev Fund proposal should be adopted. 

The first question asks respondents to indicate their approval for allowing the current Dev Fund to end without establishing a new Dev Fund, and sending 100% of the block rewards to miners.

The next six questions ask respondents to indicate their approval for each of the six proposals for a new Dev Fund. A summary of the various Dev Fund proposals can be found here, and the poll includes links to the relevant ZIPs, which we strongly encourage you to review in detail.

The poll asks respondents to indicate their approval for each proposal on a five-point scale: 

Strongly Approve Approve Neutral Disapprove Strongly Disapprove

The outcome of the poll will be determined using a Majority Choice Approval (MCA-M or Modified Bucklin) voting method, which works as follows:  Respondents rate each proposal on the 5-point scale. First, only the “Strongly Approve” ratings are counted. If one or more proposals is rated “Strongly Approve” by more than 50% of respondents, the proposal with the highest number is selected for implementation in NU6. If not, the number of “Approve” ratings is added to the “Strongly Approve” counts. If a proposal now is approved of by more than 50% of respondents, it is regarded as the preferred proposal. If there is still no clear consensus, “Neutral” ratings are added, and so on. The proposal with the highest combined total in each step is regarded as the preferred proposal if it reaches more than 50%.

In the event that two or more proposals garner majority support, but there is no clear community consensus, there will be a runoff poll.

Future Evolution of Development Funding Models

The final two poll questions solicit respondents’ input regarding the future evolution of the Dev Fund, specifically regarding direct versus non-direct funding models. Electric Coin Company CEO Josh Swihart has proposed that the current Direct Funding Model (which allocates block reward directly to specific entities or organizations by embedding their wallet addresses into the protocol) be replaced by a Non-Direct Funding Model, which instead allocates a portion of the block rewards to a multi-sig wallet. Those who seek funding to contribute to Zcash would then be required to submit proposals and compete for funding. 

While the design, governance and implementation details have not yet been fleshed out, several community polls have indicated strong community support for a Non-Direct Funding Model, and several of the current Dev Fund proposals direct a slice of the Dev Fund to a “lockbox”, in anticipation that a Non-Direct Funding Model may be established in the future. Therefore, we want to ensure that ZCAP members have the opportunity to express their views on this topic. 

The Helios poll will close at 09:00 UTC on 15th July 2024. 

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum.

The post Polling ZCAP on a New Dev Fund appeared first on Zcash Foundation.


bankless

Why You Should Leave Your Country | Andrew Henderson

Is it a good idea to diversify your citizenship given the current global landscape?  We brought on Andrew Henderson, an entrepreneur, a global citizen to nearly a dozen countries around the world, and the founder Nomad Capitalist - a company that helps people maximize their freedom by getting multiple citizenships and passports. Hear why considering a second or even a third citizenship mi

Is it a good idea to diversify your citizenship given the current global landscape? 

We brought on Andrew Henderson, an entrepreneur, a global citizen to nearly a dozen countries around the world, and the founder Nomad Capitalist - a company that helps people maximize their freedom by getting multiple citizenships and passports.

Hear why considering a second or even a third citizenship might be beneficial, the most crypto-friendly jurisdictions, and what an exit tax entails. Andrew also shares why he renounced his US citizenship and provides insights into the costs and process of obtaining a second passport. 

------ 📣DEBRIEF | Ryan & David Unpacking the Episode:  https://www.bankless.com/debrief-the-andrew-henderson-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/28 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 6:04 Where Is Andrew? 6:52 Andrew’s Citizenships? 8:26 Audience Overview  10:47 Andrew On Multiple Citizenship? 14:41 Option To Exit  21:17 Why Multiple Citizenship? 29:01 Is Multiple Citizenship Urgent? 35:20. What Is Exit Tax? 41:32 Regaining US Citizenship 46:20 Andrew’s Top 5 Citizenships 51:36 Dual Citizenship: Factors & Process 54:30 Who Is It For? 59:31 Lifestyle Trade-Offs 1:03:51 Crypto-Friendly Jurisdictions? 1:06:02 Digital Citizenships? 1:07:19 Is This Unpatriotic? 1:10:54 What If There’s No Option? 1:15:47 Is This Unfair? 0:23:30 Summary & Resources  1:27:21 Closing & Disclosure 

------ RESOURCES

Andrew Henderson https://x.com/nomadcapitalist 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures   


Global Digital Finance

Digital assets – on the road to mass adoption

Madeleine Boys, Director of Programmes and Innovation, GDF, reports on policy and consultation updates from around the world. The post Digital assets – on the road to mass adoption appeared first on GDF.

Madeleine Boys, Director of Programmes and Innovation, GDF, reports on policy and consultation updates from around the world.

The post Digital assets – on the road to mass adoption appeared first on GDF.


For whom the crypto bell polls

Elise Soucie, Executive Director, GDF, discusses what the UK’s political shift means for the crypto and digital finance industry, how it affects ongoing initiatives as well as the timelines for certain pieces of the digital asset regulatory framework. The post For whom the crypto bell polls appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses what the UK’s political shift means for the crypto and digital finance industry, how it affects ongoing initiatives as well as the timelines for certain pieces of the digital asset regulatory framework.

The post For whom the crypto bell polls appeared first on GDF.


Raising the Stakes – The UK’s Incoming Rules for DeFi & Staking

Elise Soucie, Executive Director, GDF, discusses staking amidst the UK’s commitment to building staking regulation. The post Raising the Stakes – The UK’s Incoming Rules for DeFi & Staking appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses staking amidst the UK’s commitment to building staking regulation.

The post Raising the Stakes – The UK’s Incoming Rules for DeFi & Staking appeared first on GDF.


FATF & Furious – Preparing for Travel Rule Implementation

Elise Soucie, Executive Director, GDF, discusses the travel rule and compliance. The post FATF & Furious – Preparing for Travel Rule Implementation appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses the travel rule and compliance.

The post FATF & Furious – Preparing for Travel Rule Implementation appeared first on GDF.


The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry

Elise Soucie, Executive Director, GDF, discusses the Digital Securities Sandbox (DSS) in the UK. The post The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses the Digital Securities Sandbox (DSS) in the UK.

The post The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry appeared first on GDF.


E.T.?

Elise Soucie, Executive Director, GDF, discusses the recent regulatory news involving bitcoin ETPs, cETNs, and BlackRock’s bitcoin ETF – and what this all means. The post E.T.? appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses the recent regulatory news involving bitcoin ETPs, cETNs, and BlackRock’s bitcoin ETF – and what this all means.

The post E.T.? appeared first on GDF.


Dial R for Regulation

Elise Soucie, Executive Director, GDF, discusses policy and consultation updates from around the world, as well as the latest digital innovations in institutional markets. The post Dial R for Regulation appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses policy and consultation updates from around the world, as well as the latest digital innovations in institutional markets.

The post Dial R for Regulation appeared first on GDF.


The Wild West of money: Preserving singleness in a digital age

Elise Soucie, Executive Director, GDF, discusses conserving the “singleness” of money, amidst the Bank of England’s priorities of preserving financial stability as well as the singleness of money as new forms of digital money continue to evolve. The post The Wild West of money: Preserving singleness in a digital age appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses conserving the “singleness” of money, amidst the Bank of England’s priorities of preserving financial stability as well as the singleness of money as new forms of digital money continue to evolve.

The post The Wild West of money: Preserving singleness in a digital age appeared first on GDF.


We need to talk about DeFi

Elise Soucie, Executive Director, GDF, discusses IOSCO’s Consultation on Decentralised Finance and, in particular, DeFi Arrangements. The post We need to talk about DeFi appeared first on GDF.

Elise Soucie, Executive Director, GDF, discusses IOSCO’s Consultation on Decentralised Finance and, in particular, DeFi Arrangements.

The post We need to talk about DeFi appeared first on GDF.

Tuesday, 09. July 2024

Sequoia

Partnering with Skild: The Future of Embodied Intelligence

The post Partnering with Skild: The Future of Embodied Intelligence appeared first on Sequoia Capital.
Partnering with Skild: The Future of Embodied Intelligence

Most people think robotics is a hardware problem—but Deepak and Abhinav know it’s a software problem.

By Stephanie Zhan Published July 9, 2024 Deepak, Stephanie and Abhinav at Sequoia.

Robots performing extreme parkour. Robots manipulating objects, including doors and drawers, with their hands. Robots scaling stairs as high as themselves—forwards, backwards, indoors and outdoors. Robots moving with the fluidity of nature. These advancements have broken the internet over the last few years, and nearly all of them can be traced back to two elite researchers: Deepak Pathak and Abhinav Gupta. 

Different Perspectives

Unlike most in the world of robotics, Deepak and Abhinav come from computer vision and deep learning backgrounds. While traditional robotics focused on gathering specific data to train robots for specific tasks in specific environments, Deepak and Abhinav leveraged large-scale data to build a foundation model using their adaptive architecture, based on transformers. What they got by doing this was totally unique: a way to unlock intelligence in the embodied, physical world, and create a model for robotics that is generalized, robust, and leads to emergent behavior. 

Outlier Founders

Deepak comes from a small town in India. While most promising students moved to bigger cities to prepare for national exams, he opted not to leave—and still got into the Indian Institute of Technology Kanpur. His accomplishment made local headlines. Deepak learned how to program by manually writing code on paper at home, which he vigorously double-checked before using his limited minutes at the local cafe to run programs he built. He excelled at IIT, winning a gold medal in computer science (and later, was the youngest winner of the school’s Young Alumnus Award). He went on to pursue a Ph.D. in AI at Berkeley while joining Facebook AI Research (FAIR), co-founded a startup that was later acqui-hired, and then became an assistant professor at the Robotics Institute at CMU, where he has since published cutting-edge research. It goes without saying: Deepak is a force of nature.

Abhinav, too, is a legend in the field: a tenured professor at the Robotics Institute at CMU, and a former founding member and research leader at FAIR Robotics. He and Deepak discussed starting a company for a decade. In early 2023, they saw the acceleration of technical advancements in their field—so many of which they had contributed to—and knew the time was now to scale their work to the next level.

The Opportunity

What exactly was the monumental shift Deepak and Abhinav saw coming? In the years they’d spent pursuing the goal of building general intelligence for robots, the key challenge had been how to build a large-scale model to train a robot when no data at that scale exists. Unlike for large language models, there was no internet of data readily available. So they explored different strategies to learn from what was available: online videos, tele-operation, real world data, simulations and more.  In 2015, they reached their first unlock, scaling robotics data by 1,000x, and in the next few years, they were among the first to experiment with human teleoperation and low-cost robotic teleoperation platforms. In 2017, they proposed the famous curiosity-driven learning algorithm for building agents that can continuously explore and learn on their own. In 2021 and 2022, they broke through again with a promising strategy that used large-scale adaptive SIM2REAL, or virtual-to-real-world training, winning the Best Robotic System Award at the Conference on Robotic Learning. 

These were the building blocks that led to the vision for Skild: a general-purpose model capable of tackling any task, in any environment, without specific training. If Deepak and Abhinav could accomplish that, they would achieve a breakthrough on the scale of GPT-3—with results that could apply to nearly every field. 

Robotics’ GPT-3 Moment

Today, Skild has the potential to build in the real world what OpenAI has built in the digital world. In fact, Deepak and Abhinav’s approach challenges our current notion of AGI—that it can be built by learning from digital knowledge alone. In their vision of AGI, we learn by doing. We build an understanding of how things work by attempting novel tasks in novel environments, and combining the near-instant feedback of what happens with everything we already know. 

Imagine that world: where a foundation model for AI robotics exists that is capable of performing any task, in any environment, on any robot hardware. It would mean a massive expansion of the types of robots we could then build, and at orders of magnitude lower cost to what we see today. 

Potential Scale

I’ve now been at Sequoia for nine years, and once in a blue moon, I’m lucky enough to hear the vision of a founder where the ambition and potential scale of impact stops me in my tracks. I first met Deepak and Abhinav on a Thursday afternoon, as they were raising their initial seed round, and we were partners by Tuesday. I remember the awe, wonder, and almost daunting curiosity I felt as I imagined how the world would change if they succeeded. And as we’ve partnered together over the past nine months, those feelings have only grown. This team is onto something that could change the world we live in forever.

I’m excited to finally announce our partnership together, join the board, and share the team’s latest fundraising milestone: a $300M round valuing the company at $1.5B. 

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Funding announcement AI Ascent 2024 Video highlights from our AI conference. Perspective Read Replicate: Painting the Town AI Spotlight Read Partnering with Tavus: AI-Personalized Videos By Stephanie Zhan News Read Agents on the Brain By Lauren Reeder, Cornelius Menke and Stephanie Zhan Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Skild: The Future of Embodied Intelligence appeared first on Sequoia Capital.


Circle Blog

EURC is Coming to Base

EURC is coming to Base! Here’s what you need to know and what it means for the Base ecosystem. 

EURC is coming to Base! Here’s what you need to know and what it means for the Base ecosystem. 


Empiria

New Empe Verifiable Data Wallet & Empe Issuer Demo Out Now!

New Empe Verifiable Data Wallet and Empe Issuer Demo Out Now! Following extensive R&D driven by valuable customer feedback, we are thrilled to announce the release of two essential verifiable data tools: the new Empe Verifiable Data Wallet and the Empe Issuer Demo. Together, this dynamic duo unlocks a world of data control, robust security, and seamless verification and serves as a
New Empe Verifiable Data Wallet and Empe Issuer Demo Out Now!

Following extensive R&D driven by valuable customer feedback, we are thrilled to announce the release of two essential verifiable data tools: the new Empe Verifiable Data Wallet and the Empe Issuer Demo.

Together, this dynamic duo unlocks a world of data control, robust security, and seamless verification and serves as a gateway into Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI).

New Empe Verifiable Data Wallet: Your Data, Your Way

The new Empe Verifiable Data Wallet is a user-friendly, non-custodial application built with cutting-edge security. Experience data management at lightning speed with an app that’s 90% lighter and 3 times faster than before. Manage your Verifiable Credentials with ease and keep your information safe with advanced encryption protocols.

The wallet champions interoperability by adhering to W3C, OpenID, and IETF standards including DID, SD-JWT, OID4VC, OID4V, and SIOPv2. Built on the Empe DID Wallet SDK, it empowers developers to seamlessly build PoCs for their use cases and integrate verifiable data solutions into their applications quickly.

You can download the Empe Verifiable Data Wallet from the Apple App Store and Google Play Store now.

Empe Issuer Demo: Simplifying Credential Issuance

The Empe Issuer Demo complements the Empe Verifiable Data Wallet by providing a web platform for issuing Verifiable Credentials. Users can issue instantly credentials such as Verifiable Credentials Offering (VCO), Proof of Attendance (POAP), and Proof of Purchase (PoPP) and then instantaneously claim them using their wallets. Powered by Empe Blockchain, Empe Issuer is a fast and secure way to experience Verifiable Credentials issuance.

Visit the Empe Issuer website and issue your Verifiable Credentials now.

These innovative tools mark a significant leap forward in Empeiria’s mission to provide secure, verifiable data solutions. Download the Empe Verifiable Data Wallet and visit Empe Issuer to experience the verifiable, interoperable & decentralized Data of the Future today.

Monday, 08. July 2024

Sequoia

AI Data Center Buildout

The post AI Data Center Buildout appeared first on Sequoia Capital.
AI is Now Shovel Ready

Five predictions for the upcoming data center construction boom, and its implications for energy and the economy.

By David Cahn Published July 8, 2024

We have written here extensively about the revenue side of the AI infrastructure buildout. My last piece, AI’s $600B question, focused on the implied revenue expectations for AI, and questioned the time horizon in which we’ll be able to meet those lofty goals.

This piece turns to the cost side of the equation. In particular, we will focus on the data center buildout, the rise of the “AI factory,” and its implications for energy, construction and the industrial supply chain. We believe that 2025 will be the “Year of the Data Center” and that we are on the cusp of transitioning from a hype cycle into an industrial-driven build cycle.

A few predictions, and then let’s get into the details:

AI will catalyze an energy transformation. New solar construction, battery innovation, a resurgence in nuclear energy—these will be long-term effects of the AI wave Some hyperscalers will find that they are not nimble enough to address rapidly changing data center requirements—new industrial AI players will emerge to fill this gap Starting in the next 6 months, there will be a lot of headlines about delays in data center builds due to issues with liquid cooling, cluster size and power access The industrial capacity needed to build new AI data centers will serve as an economic stimulus and create jobs in the real economy: Steel, energy, trucking and construction When new data center capacity comes online, the cost of training and inference delivered by AWS, Azure and GCP will go down, to the benefit of startups

In contrast to the big technical unknowns about the future of AI, there is a glimmer of clarity here: we can begin to plan for a 2-3 year period of industrial scaling. We are ready to move beyond abstract commitments (see below) to shovels hitting the ground.

Here is a summary of the new data center projects that have been announced in the last year— which we believe construction is now set to accelerate:

Amazon: In the first half of 2024, AWS announced $50B in new data center projects, including 216 new buildings. Overall, Amazon has committed $100-150B over the next 15 years. Recent commitments include: An $11B campus in Indiana, $10B across two campuses in Mississippi, $5.3B in new data centers across Saudi Arabia, a new nuclear-powered data center near Salem, Pennsylvania, a new planned data center near Round Rock, Texas and a $15B commitment in Japan. Germany, Taiwan and Singapore are also being considered for new projects.  Microsoft: Microsoft now has 5GW of energy capacity and is reportedly doubling new data center construction in 2024. Recent announcements include: $3.3B in Mount Pleasant, Wisconsin, $1B in Northwest Indiana, $1B in Floyd County, Georgia, $4.3B in France, $3.5B in Germany, $3.2B in the UK, $3.2B in Sweden, $2.1B in Spain, $2.2B in Malaysia, $1.7B in Indonesia, $1B in Kenya and a new data center in Mexico. There have been reports of a $100B Stargate data center, although this is not confirmed. Google: Google is the smallest of the three cloud providers by a wide margin. The GCP pitch has long been that it’s better for AI companies. Now, that is being put to the test. Google is building a new $2B data center in Indiana, a $1B data center in Kansas City, Missouri, a $1.1B data center in Finland and a $576M data center in Cedar Rapids, Iowa. Google has the added challenge of scaling its own TPU clusters at some sites.  Meta: Meta does not operate a cloud business, but has nonetheless been scaling its data center capacity to support Llama and other internal AI initiatives. Meta recently announced that it has accumulated 350k H100 GPUs, as part of a total fleet of 600k H100 equivalents. The company also announced two 24k GPU clusters dedicated for Llama 3 training. Meta has four new data centers in the works, including in Kuna, Idaho, Temple, Texas, Davenport, Iowa and Cheyenne, Wyoming

The sheer industrial scale of what’s happening is tremendous. These announcements represent an industrial scale-up that happens once or twice in each generation.

It’s important to understand how unique the upcoming challenges will be, and how pressing. There is a long backlog of energy projects that need to be connected to the grid. Even with faster interconnection, we will need more power to support all these new data centers. Generation capacity will need to be added, largely in the form of solar and wind power, and we will need to be creative in leveraging existing energy resources. These power constraints are especially profound in “prime” data center markets like Virginia, Nevada and California. As a result, a lot of the newer developments are happening in “secondary” markets like Wyoming, Indiana, Iowa and Illinois. The need for more power and a better functioning grid was clear before AI. Now, it is becoming urgent.

Other technology issues abound: Next-gen Nvidia chips will require liquid cooling, and there is now a shortage in the liquid cooling supply chain. There is a two-year wait for diesel generators. Cluster sizes are reaching unprecedented territory: Elon Musk has announced a 300k GPU cluster. Models are getting so big, they may eventually need to be trained on distributed clusters across multiple data centers. Lithium-ion batteries have become a staple of new data center buildouts; new approaches are being contemplated to further lower cost and increase capacity.

Hyperscalers are known for their operational rigor in building data centers, but this new wave of construction will test even their best teams. Expect to see some distribution in outcomes across the hyperscalers—there will be winners and losers here. New industrial AI players will have an opportunity to fill any operational gaps. Existing market participants like Equinix, Digital Realty and CyrusOne are experiencing a “demand shock”—either they will step up and benefit from this, or they will lose share to new entrants. 

Expect to see a lot of headlines in 2025 about data center construction delays. Also expect to see some big, unexpected successes. When we exit the realm of bits and enter the realm of atoms, a new skillset takes hold and operational rigor becomes paramount. As we’ve seen with SpaceX and Tesla, the types of companies that thrive in these messy, fast-moving environments are not always the existing incumbents. Strong leadership and agility pay their biggest dividends during moments of complex change. 

The AI industrial phase should have a real economic stimulus effect, especially in areas of the economy that badly need it. Beneficiaries will include component makers in the industrial supply chain, energy companies building new generation assets like solar and wind, nuclear reactor operators and many others. For example, we are visiting a battery factory this week in West Virginia, which is being built on the site of an old coal plant. In the near-term, more job gains are likely to accrue to construction and industrial labor than to the small group of researchers architecting models in Silicon Valley.

How is all of this growth being financed? For the most part, Big Tech companies are deploying capital off their balance sheets. With the Magnificent 7 now representing approximately 30% of the S&P 500, the scale and speed at which they can deploy capital is awesome. Financial firms are participating as well, generating additional leverage. Many private equity firms are happy to provide upfront capital for construction and GPU purchases, in return for an IOU from Microsoft and a reasonable yield.

When all is said and done, we’re going to have a lot of AI factories. Whether there will be enough demand to fill them, we still don’t know yet. At the very least, training and inference costs should continue their decline, a boon to startups. 

If you are building in this space, we’d love to hear from you. Please reach out at dcahn@sequoiacap.com. We’re especially interested to hear from founders building at the intersection of energy, industrials and AI.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI’s $600B Question By David Cahn Perspective Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read The Next Billion Developers By David Cahn Perspective Read AI’s $200B Question By David Cahn Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI Data Center Buildout appeared first on Sequoia Capital.


bankless

Mike Solana: Trump, Crypto, Tech, Politics & Memetic Wars

Is the U.S going to be ok? Mike Solana (no relation to Solana the chain, that’s his name),is the editor-in-chief of Pirate Wires and the guy who broke the Trump Memecoin news. We brought him on the show today to try to make sense of the current state of politics in the face of the upcoming election, and what it all means for crypto. Expect to learn why tech has pivoted right, why democrats a

Is the U.S going to be ok?

Mike Solana (no relation to Solana the chain, that’s his name),is the editor-in-chief of Pirate Wires and the guy who broke the Trump Memecoin news.

We brought him on the show today to try to make sense of the current state of politics in the face of the upcoming election, and what it all means for crypto.

Expect to learn why tech has pivoted right, why democrats are cracking down on crypto, why media in 2024 is fundamentally broken and much more.

------ 🎬 DEBRIEF | Ryan & David Unpacking the Episode: https://www.bankless.com/debrief-the-mike-solana-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/27?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 7:10 $DJT Memecoin 16:36 Crypto Politics 29:39 Mike’s Perspective on Crypto 34:12 Memetic Wars 37:58 Growth vs Degrowth 43:22 Information Wars 53:35 Social Media 1:01:52 Being Terminally Online 1:14:18 Media in 2024 1:26:30 2024 Election 1:31:15 Closing & Disclaimers

------ RESOURCES

Mike Solana https://x.com/micsolana  

Pirate Wires Daily https://get.piratewires.com/pw/daily  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Empiria

June Development Update: New Empe Verifiable Data Wallet, Empe Issuer Demo & More

TL;DR: June at Empeiria has seen new tech releases and enhancements to our End-to-End Verifiable Data Infrastructure (EVDI). Key highlights include the launch of a new, 3x faster Empe Verifiable Data Wallet with significant improvements in security, and usability. We’ve also released a new Empe Issuer Demo and advanced into Phase 2 of our Empe Testnet, focusing on external validators and comprehen

TL;DR: June at Empeiria has seen new tech releases and enhancements to our End-to-End Verifiable Data Infrastructure (EVDI). Key highlights include the launch of a new, 3x faster Empe Verifiable Data Wallet with significant improvements in security, and usability. We’ve also released a new Empe Issuer Demo and advanced into Phase 2 of our Empe Testnet, focusing on external validators and comprehensive infrastructure testing to ensure robustness.

June has been a pivotal month for Empeiria, marked by a wave of new tech releases, updates, and enhancements to our End-to-End Verifiable Data Infrastructure (EVDI). We’ve completed a series of upgrades and new features that bolster the security, usability, and interoperability of our Verifiable Data platform. These developments are a direct result of our extensive R&D, commitment to continuous improvement, and user feedback. Below are the key updates for the past month:

New Empe Verifiable Data Wallet

Just released on both the Apple App Store and Google Play Store, the New Empe Verifiable Data Wallet, used in tandem with the Empe Issuer Demo, serves as a gateway into Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI).

Built entirely on the Empe DID Wallet SDK, the new wallet enables developers to seamlessly build PoCs for their use cases in minutes before embedding the SDK into their applications.

This latest iteration of Empe Wallet is 3x faster and 90% lighter than the previous version. Built on Self-Sovereign Identity (SSI) principles, it is a secure, privacy-focused solution for managing and sharing Verifiable Credentials, empowering users with complete control over their data.

The wallet is non-custodial, meaning neither third parties nor Empeiria can access user data without explicit consent. State-of-the-art encryption protocols guard private data against unauthorized access.

The wallet adheres to W3C, OpenID, and IETF standards: DID, SD-JWT, OID4VC, OID4V, and SIOPv2 to ensure seamless data interoperability across platforms.

Alongside the Empe Issuer Demo, the new Empe Verifiable Data Wallet showcases a quick and convenient way to issue, claim, and store various types of Verifiable Credentials.

You can download the latest version of Empe Verifiable Data Wallet on the Apple App Store and Google Play Store now.

HD Wallet for Key Creation

The Empe Verifiable Data Wallet now supports Hierarchical Deterministic (HD) wallets for key creation. HD wallets generate a tree of keys from a single seed phrase, allowing for the creation of multiple private and public keys securely and hierarchically.

This makes it easier to manage multiple accounts and keys, improves security, and ensures that users can recover their wallets using a single seed phrase.

Secure Vault for Safe Data Storage

The new version of the wallet has been enhanced with a secure vault feature for safe data storage. It is designed to protect sensitive information, such as private keys, personal identification details, and other critical data, by encrypting it and storing it in a secure environment.

This ensures that data is protected against unauthorized access and data breaches, giving users the confidence that their sensitive information is secure.

Technical Specifications: Wallet DID: did
(curve secp256k1) SDK Development Environment: Node.js Standards: W3C, OpenID, and IETF standards: DID, SD-JWT, OID4VC, OID4V, and SIOPv2 Features: Easily Generate Decentralized Identifiers (DIDs): Create a unique and secure identity for your digital interactions. Collect & Manage Verifiable Credentials: Efficiently gather, store, and manage your Verifiable Credentials in one place, ensuring seamless interactions and data sharing across platforms. Interoperability: Built on W3C, OpenID, and IETF standards including DID, SD-JWT, OID4VC, OID4V, and SIOPv2 to ensure seamless data interoperability across platforms. Enhanced Security: Advanced encryption protocols protect your data from unauthorized access, ensuring privacy and security. Noncustodial Design: Complete control over your data, with no third-party or Empeiria access without your explicit consent. User-Friendly Interface: Intuitive and easy-to-use interface for both novice and experienced users. Cross-Platform Compatibility: Compatible with multiple platforms, enabling a broad range of use cases and integration scenarios. Seamless Developer Experience: Developers can build Proofs of Concept (PoCs) for their use cases in minutes before embedding the Empe DID Wallet SDK into their applications. New Empe Issuer Demo

Available at issuer-demo.empe.io, the new Empe Issuer demo is a web platform that enables users to experience verifiable data with in-wallet Verifiable Credentials Offering (VCO), Proof of Attendance (POAP), and Proof of Purchase (PoPP) based on Verifiable Credentials. Credentials issued with the Empe Issuer Demo can be claimed and stored in seconds using the new Empe Verifiable Data Wallet.

Support for OIDC 4 VC Authorization Code Protocol

The issuer server supports the OpenID Connect for Verifiable Credentials (OIDC 4 VC) authorization code protocol. This protocol enhances the security and interoperability of Verifiable Credentials by leveraging the well-established OIDC framework. It allows for more secure and standardized issuance and verification of credentials, ensuring that the identity data can be trusted and handled securely across different systems.

Empe Blockchain Comprehensive Testing

Since the launch of the Empe Testnet, our priority has been to ensure smooth and secure operations of our blockchain infrastructure. To achieve this goal, we’ve developed a range of automated testing frameworks:

E2E Testing Framework

End-to-end (E2E) tests are crucial for ensuring the robustness and reliability of a blockchain network. They enable comprehensive testing of the entire system, validating interactions between various components under realistic conditions. By simulating real-world scenarios, E2E tests can identify potential issues that may not be evident in isolated unit tests or integration tests. These tests are especially beneficial for detecting bugs in complex operations like chain upgrades, consensus mechanisms, and cross-node communication. Furthermore, E2E testing helps in verifying that all nodes in the network can correctly process transactions, handle network partitions, and recover from failures, thus ensuring the integrity and security of the blockchain. By automating these tests using Docker containers, we can achieve consistent and repeatable test environments, making it easier to diagnose and fix issues promptly.

Simulation Testing

For even more rigorous testing, we’ve introduced simulation testing to simulate real-world scenarios and assess system performance under various conditions. These tests involve issuing numerous randomized operations with controlled predictability to evaluate the interactions within the system. By simulating a wide range of scenarios, we can identify potential issues that might not be apparent during standard unit or integration testing. Simulation testing helps us examine how different operations interact with each other, ensuring that the blockchain does not end up in unexpected conditions or states.

This comprehensive approach enhances the readiness of EVDI for real-world deployment, ensuring scalability, resilience, and robustness. Automating these simulation tests creates consistent and repeatable test environments, making it significantly easier to diagnose and fix bugs promptly, thus enhancing the overall security and functionality of the blockchain.

Monitoring Mechanisms

To track the state of Empe Blockchain, we have implemented robust monitoring mechanisms using the Prometheus system to monitor our validator nodes. This system allows us to continuously monitor the operational status and performance of the validators, enabling us to detect any issues or failures promptly.

Additionally, to enhance network security, we have introduced a jumper host setup. This setup acts as an intermediary layer, adding an extra level of protection against potential threats. By securing access to the network through a controlled and monitored host, we ensure that our infrastructure meets the highest protection standards against potential security breaches.

These combined efforts in monitoring and security help us maintain a resilient and secure blockchain environment, ensuring reliable operation and swift issue resolution.

Empe Testnet: Phase 2

With these milestones achieved, we are advancing into Phase 2 by extending access to Empe Testnet to external validators. External validators play a critical role in the testnet by securing the network and validating transactions, thereby ensuring the integrity and reliability of data.

To streamline the integration process, we have devoted significant attention to providing clear and detailed instructions for external validators in the newly developed technical documentation. By outlining hardware requirements, detailed steps, and best practices, we ensure a smooth onboarding experience, fostering a collaborative environment where validators can easily contribute to and benefit from our evolving ecosystem.

Thank you for your continued support and feedback, which drive our innovation and improvement. For any additional questions or suggestions, please contact our technical team at dev@empe.io. Follow Empeiria on Twitter/X, or LinkedIn for the latest news & updates.


a16z Podcast

Marc Andreessen on Building Netscape & the Birth of the Browser

"The Ben & Marc Show," featuring a16z co-founders Marc Andreessen and Ben Horowitz.  In this special episode, Marc and Ben dive deep into the REAL story behind the creation of Netscape—a web browser co-created by Marc that revolutionized the internet and changed the world. As Ben notes at the top, until today, this story has never been fully told either in its entirety or accurately.&nbs

"The Ben & Marc Show," featuring a16z co-founders Marc Andreessen and Ben Horowitz. 

In this special episode, Marc and Ben dive deep into the REAL story behind the creation of Netscape—a web browser co-created by Marc that revolutionized the internet and changed the world. As Ben notes at the top, until today, this story has never been fully told either in its entirety or accurately. 

In this one-on-one conversation, Marc and Ben discuss Marc's early life and how it shaped his journey into technology, the pivotal moments at the University of Illinois that led to the development of Mosaic (a renegade browser that Marc developed as an undergrad), and the fierce competition and legal battles that ensued as Netscape rose to prominence. 

Ben and Marc also reflect on the broader implications of Netscape's success, the importance of an open internet, and the lessons learned that still resonate in today's tech landscape (especially with AI). That and much more. Enjoy!

Watch the FULL Episode on YouTune: https://youtu.be/8aTjA_bGZO4

 

Resources: 

Marc on X: https://twitter.com/pmarca 

Marc’s Substack: https://pmarca.substack.com/ 

Ben on X: https://twitter.com/bhorowitz 

Book mentioned on this episode: 

- “Expert Political Judgment” by Philip E. Tetlock https://bit.ly/45KzP6M 

TV Series mentioned on this episode: 

- “The Mandalorian” (Disney+) https://bit.ly/3W0Zyoq

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Friday, 05. July 2024

Zcash

Zooko and a new focus for Zcash resilience

  From the Bootstrap Board of Directors: Zcash is at an inflection point. With a more decentralized Zcash contributor model taking shape and a new development fund hanging in the […] Source
  From the Bootstrap Board of Directors: Zcash is at an inflection point. With a more decentralized Zcash contributor model taking shape and a new development fund hanging in the […]

Source


Epicenter Podcast

‘Aave v4 Will Unify Cross-Chain Liquidity’ - Stani Kulechov

One of the bluechip DeFi projects and backbone of Ethereum liquidity markets, Aave has recently announced their V4 upgrade proposal, which aims (among others) to unify crosschain liquidity. We were joined by Stani Kulechov, founder & CEO of Aave, to discuss the DeFi (r)evolution since ETH Lend to Aave V4, expanding to non-EVM chains and potentially even building a self-sovereign chain. 

One of the bluechip DeFi projects and backbone of Ethereum liquidity markets, Aave has recently announced their V4 upgrade proposal, which aims (among others) to unify crosschain liquidity.

We were joined by Stani Kulechov, founder & CEO of Aave, to discuss the DeFi (r)evolution since ETH Lend to Aave V4, expanding to non-EVM chains and potentially even building a self-sovereign chain. 

Topics covered in this episode:

The evolution of Aave Aave V3 risk management & MakerDAO feud Aave V4 Unified liquidity layer & risk pricing GHO stablecoin How the unified liquidity layer improves UX RWA & liquidation strategies in Aave V4 Expanding to non-EVM networks Building a self-sovereign chain Aave’s role in the future of DeFi How stablecoins will evolve DeFi institutional adoption Future roadmap

Episode links:

Stani Kulechov on Twitter Aave on Twitter Lens Protocol on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture & Friederike Ernst.

Thursday, 04. July 2024

bankless

ROLLUP: ETF Final Countdown | Polymarket's Huge Breakout | Chevron Defense | SEC Sues Metamask

Bankless Friday Weekly Rollup First Week of July  ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/26?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E ------ 📣 MANTLE QUEST ON AIRDROP HUNTER | WIN 1,000 $MNT https://bankless.cc/MantlesAnniversary  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO E

Bankless Friday Weekly Rollup First Week of July 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/26?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E ------ 📣 MANTLE QUEST ON AIRDROP HUNTER | WIN 1,000 $MNT https://bankless.cc/MantlesAnniversary  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ TIMESTAMPS & RESOURCES 00:00:00 Happy 4th Of July

00:08:04 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd 

00:10:13 A Likely Outcome

00:11:59 When ETF? https://x.com/NateGeraci/status/1807041501077110986  https://x.com/NateGeraci/status/1807548524910850284  https://www.youtube.com/watch?v=xaP5d1pmncY&ab_channel=Bankless 

00:14:39 South America Is Growing https://thedefiant.io/news/defi/ethchile-highlights-triple-digit-growth-in-south-american-crypto-ownership 

Crecimiento https://docs.google.com/document/d/15Mb1j9quuNAqZzuBfY60F9Y82emWjUktVfw8k--eeiw/edit#heading=h.u6pn408b547d 

00:16:48 Why Are We Down? https://x.com/eli5_defi/status/1807712012342092145?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

00:22:40 Supreme Court overturned Chevron Deference https://x.com/JBSDC/status/1806799823107997893  https://www.supremecourt.gov/oral_arguments/argument_transcripts/2023/22-451_o7jp.pdf  https://youtu.be/JlsM_k7PutQ?t=1243  https://x.com/JTLonsdale/status/1806697088509469119  https://x.com/balajis/status/1806773841395675218 

00:28:02 Negative Takes https://x.com/kylascan/status/1806706937083441274  https://x.com/JBSDC/status/1806809534322590069 

00:29:38 SEC Sues Consensus https://www.sec.gov/newsroom/press-releases/2024-79  https://x.com/MikeSeligEsq/status/1806834455962652760 

00:35:51 US Marshals Service picks Coinbase https://www.coinbase.com/en-gb/blog/u-s-marshals-service-chooses-coinbase-to-safeguard-trade-its-large-cap  https://x.com/ErikVoorhees/status/1806105760461726023 

00:37:00 BNB and BUSD Sales Aren’t Securities https://x.com/EleanorTerrett/status/1806896212173328850  https://x.com/MetaLawMan/status/1807075663666434311 

00:40:53 ZKsync Elastic Chain https://x.com/zksync/status/1808125972434067699  https://imgur.com/nYDhE9u  https://x.com/hudsonjameson/status/1808326321728283093 

00:47:19 Zerion No-Fee Chain https://x.com/zerion/status/1806364593352016174 

00:48:16 Election Season is Polymarket Season https://www.coindesk.com/policy/2024/06/28/crypto-unmentioned-at-first-2024-presidential-debate/  https://polymarket.com/event/presidential-election-winner-2024?tid=1719919681564 

00:55:53 Vitalik Likes https://x.com/vitalikbuterin/status/1808092065483436481?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g 

00:56:37 Coinbase and Stripe https://x.com/coinbase/status/1806425092513210492 

00:57:06 Pay On Warpcast https://x.com/dwr/status/1806774735109562789 

00:57:58 IRS issued crypto tax regime for 2025 https://www.irs.gov/newsroom/treasury-irs-issue-final-regulations-requiring-broker-reporting-of-sales-and-exchanges-of-digital-assets-that-are-subject-to-tax-under-current-law-additional-guidance-to-provide-penalty-relief-address 

01:00:23 Circle's New License https://x.com/jerallaire/status/1807791418489889279  https://x.com/paddi_hansen/status/1808085759947124778 

01:01:44 Raises Of The Week https://x.com/astriaorg/status/1808534932060614983?s=46&t=dAxCjT2P_GIrJMvMgWIpfA  https://www.youtube.com/watch?v=5809YJpbhFg 

01:02:59 JokeRace Update https://www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 

01:04:54 Meme Of The Week https://x.com/testinprodcap/status/1806735419792302142 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Wednesday, 03. July 2024

Zcash

ECC Transparency Report for Q4 2023

Why release a transparency report? ECC is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to […] Source
Why release a transparency report? ECC is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to […]

Source


bankless

Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter

Is the Chevron Deference case good for crypto? Is it good for the U.S.? Or is this a giant tradeoff that will lead to bad outcomes?  Crypto enthusiasts, pro-tech individuals, and those on the right say this will stop regulators from making random rules. Non-crypto sources, mainstream media, and those on the left say it will lead to chaos, unchecked corporations, and poor governance.

Is the Chevron Deference case good for crypto? Is it good for the U.S.? Or is this a giant tradeoff that will lead to bad outcomes? 

Crypto enthusiasts, pro-tech individuals, and those on the right say this will stop regulators from making random rules.

Non-crypto sources, mainstream media, and those on the left say it will lead to chaos, unchecked corporations, and poor governance.

So, what’s the truth? That’s what we’re here to find out. Our guest today is Justin Slaughter, current policy director at Paradigm and previous senior adviser of the SEC and chief policy adviser of the CFTC. 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/25  

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap

⚡️CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle   ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku

------ TIMESTAMPS

0:00 Intro 3:51 Slaughter 4:14 Ex-SEC & Ex-CFTC 6:52 Is D.C. Out to Get Us? 7:50 (Loper Bright) Chevron Deference 22:56 Arbitrary & Capricious  26:00 Impact of Shift in Power  32:04 Summary So Far 37:57 Different Framing Argument  41:12 Congress Not Doing Their Job?  47:46 Good For The Left? 51:06 Crypto Implications  55:04 Enforcement Action 56:53 The New Power Fight  58:18 Closing & Disclaimers    ------ RESOURCES

Justin Slaughter https://x.com/JBSDC  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


a16z Podcast

The Art of Technology, The Technology of Art

We know that technology has changed art, and that artists have evolved with every new technology — it’s a tale as old as humanity, moving from cave paintings to computers. Underlying these movements are endless debates around inventing versus remixing; between commercialism and art; between mainstream canon and fringe art; whether we’re living in an artistic monoculture now (the answer may surpris

We know that technology has changed art, and that artists have evolved with every new technology — it’s a tale as old as humanity, moving from cave paintings to computers. Underlying these movements are endless debates around inventing versus remixing; between commercialism and art; between mainstream canon and fringe art; whether we’re living in an artistic monoculture now (the answer may surprise you); and much much more. 

So in this new episode featuring Berlin-based contemporary artist Simon Denny -- in conversation with a16z crypto editor in chief Sonal Chokshi -- we discuss all of the above debates. We also cover how artists experimented with the emergence of new technology platforms like the web browser, the iPhone, Instagram and social media; to how generative art found its “native” medium on blockchains, why NFTs; and other art movements. 

Denny also thinks of entrepreneurial ideas -- from Peter Thiel's to Chris Dixon's Read Write Own -- as an "aesthetic"; and thinks of technology artifacts (like NSA sketches!) as art -- reflecting all of these in his works across various mediums and contexts. How has technology changed art, and more importantly, how have artists changed with technology? How does art change our place in the world, or span beyond space? It's about optimism, and seeing things anew... all this and more in this episode.

 

Resources: 

Find Denny on Twitter: https://x.com/dennnnnnnnny

Find Sonal on Twitter: https://x.com/smc90

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Tuesday, 02. July 2024

Zcash Foundation

Zebra 1.8.0 Release

The Zcash Foundation is pleased to announce the release of Zebra 1.8.0. This release includes the following changes and improvements. Given that most wallets have now implemented support for the fees outlined in ZIP-317, we have set a default unpaid actions limit of 0 in Zebra, dropping transactions with any unpaid actions from the mempool […] The post Zebra 1.8.0 Release appeared first on Zcash

The Zcash Foundation is pleased to announce the release of Zebra 1.8.0. This release includes the following changes and improvements.

Given that most wallets have now implemented support for the fees outlined in ZIP-317, we have set a default unpaid actions limit of 0 in Zebra, dropping transactions with any unpaid actions from the mempool and excluding them when selecting transactions from the mempool during block template construction.

Other changes to keep feature parity with zcashd include a change to the end-of-support (EOS) time interval back to 16 weeks and an update to the RPC serialization of empty treestates to also match zcashd.   

As part of the work to deprecate zcashd, we have been working with ECC to replace the built-in zcashd wallet with a Zebra backed alternative. In order to do this in a safe manner we are implementing a new architecture that separates the functionality for scanning for shielded transactions from Zebra. As such, the zebrad binary no longer contains this and it also means that zebrad will no longer have the ability to store registered viewing keys for users.

With this release we have also enhanced support for custom Testnets and Regtest by allowing more parameters to be configured for custom testnets, as well as an NU5 activation height on Regtest. In order to support block creation, we have restored parts of the experimental internal-miner feature for use on Regtest and added support for constructing Canopy proposal blocks from block templates. Details on how to use these new custom testnets features are documented in the Zebra book.

In order to improve the maintainability of future versions of Zebra, we are using a new zcash_script callback API in zebra-script. This will allow Zebra’s ECC dependencies to be upgraded independently of zcash_script and zcashd in the future.  

Finally, we are pleased to announce that we have once again included Windows in our Tier 2 platform support. You can see a full copy of all of the included changes in the v1.8.0 Release Notes on GitHub.

The post Zebra 1.8.0 Release appeared first on Zcash Foundation.


Circle Blog

Web3 Services: June 2024 Updates

In June, we released important updates to support developers building on Programmable Wallets including support for the Solana blockchain, and the Circle Credits Program to help subsidize fees once apps are launched on mainnet. Learn more below.

In June, we released important updates to support developers building on Programmable Wallets including support for the Solana blockchain, and the Circle Credits Program to help subsidize fees once apps are launched on mainnet. Learn more below.


Sequoia

New Ideas for AGI

The post New Ideas for AGI appeared first on Sequoia Capital.
The New Ideas Needed for AGI

The strength of LLMs is also their weakness. A truly general intelligence may require a certainty in thinking and reasoning that cannot be found in language.

By Sonya Huang and Pat Grady Published July 2, 2024

“Scale is not all you need. New ideas are needed.” And not just new ideas, but new benchmarks. This was the succinct contrarian perspective of ARC Prize and Zapier co-founder Mike Knoop when we talked to him on the most recent Training Data podcast episode. ARC Prize is based on a benchmark created by Knoop’s co-founder, François Chollet back in 2019 that has stubbornly resisted solving.

The current AI moment is all about the unreasonable effectiveness of scaling the transformer architecture and LLMs, leading to the toppling of one “human-level” benchmark after another. What’s different about ARC-AGI? Why are current methods ineffective against it? What exactly are the new ideas needed?

To start with, as Chollet claims, the ARC-AGI benchmark is hard in a way many other AI benchmarks are not. It was designed to be resistant to memorization despite the amount of data and compute thrown at it. It is easy for humans, but hard for AIs. In fact, its solution would mean that the system was able to learn a novel task from a very small amount of data—precisely the opposite of what is now possible.

The puzzle at the heart of the problem

Founders in the AI application space can see where customers are deploying LLM-based solutions—and more critically where they are not. It is no surprise that customer service is the leading outbound use case. It is a labor-intensive undertaking that has previously been automated badly, with notoriously low NPS scores. And there’s already a human in the loop, but with LLMs that engagement is limited to only escalated cases.

There are also many internal use cases that are able to save workers significant time even if they fail some of the time. But the big bottleneck to more widespread adoption of AI products is the lack of trust stemming from the unconstrained nature of LLMs. Workflow automation software, like Knoop’s Zapier, is formally verifiable to do what it says on the tin. LLMs, by contrast, can perform off-label fabrications (unpredictably) unless constrained by the structure of a robust cognitive architecture.

Knoop is a big admirer of Rich Sutton’s prescient essay, The Bitter Lesson (as is everyone we’ve talked to on the podcast). He points out that although Sutton is even more correct about the effectiveness of scaling learning and search today than he was five years ago, the one aspect of AI that has not benefited yet from scaling is architecture search itself. Indeed, the solutions that have been most effective so far against the ARC-AGI benchmark all explore architecture space in an automated and dynamic way, rather than hand-crafting static architectures as most researchers continue to do. 

Chollet defines AGI as the efficiency of acquiring new skills. The ARC-AGI benchmark itself is a set of 400 matrix puzzles that unambiguously describe patterns that humans are able to match intuitively based on a core set of knowledge priors, like symmetry and rotation, that machines have had difficulty learning precisely and reliably. Chollet designed the tasks so that a human-level score across the test set would mean that the system could efficiently learn a novel task in this highly variable but internally consistent puzzle space.

What this suggests (and what contemporary neuroscience is proving) is that there are non-linguistic aspects to thinking and reasoning that need to be represented with something other than language. All the words in the world wouldn’t provide sufficient training data to actually learn these priors. Solving ARC would seem to require different tokens learned in a different way from the likes of GPT-4o and Claude Sonnet.

Transforming the transformers

Knoop also observes that the transformer architecture is formally capable of representing very deep deductive reasoning chains with 100% accuracy, but what’s missing is the proper learning algorithm. The great progress with LLMs in the past few years—along with the explosion of available compute—may turn out to be necessary but not sufficient for AGI.

Benchmarks have a long history in AI, going back to the Turing test, which took 50 years to beat and yet proved nothing about the true nature of intelligence. The ARC-AGI benchmark provides a clear contrast to a previous challenge of intelligence called the Winograd Schema. Named after a pair of ambiguous sentences formulated by Stanford professor Terry Winograd (who, by the way, taught Google founders Sergey Brin and Larry Page), the schema was proposed in 2012 by Hector Levesque as an alternative to the Turing test. Although Winograd claimed in 1972 that such sentences would be impossible for computers to correctly disambiguate without “understanding” real world context, by 2019 a BERT language model was sufficiently powerful to claim 90% accuracy and the benchmark was considered solved.

ARC, by contrast, is constructed to model deterministic certainty. Each puzzle can be solved, and can be solved only one way. To learn such a set of puzzles is to learn a sense of invariance in the way that 1 + 1 = 2 or that a note is a pitch perfect C. This precision is exactly what’s missing in the intelligence generated by LLMs.

Knoop describes LLMs as “effectively doing very high dimensional memorization.” The power comes from running inference on the resulting models to generate high-dimensional output with the appearance of veracity. You can think of LLMs as looms on which you can weave digital media to order on demand.

The models that might win ARC would generate artifacts more solid and precise than these language looms—perhaps forges? What AGI requires is an armature flexible enough to learn new things but certain enough to be reliable about what it has learned. 

Outsiders wanted

What we want AI to learn—what we hope AGI will be—is obviously way beyond the two dimensional puzzles contained in the ARC test set. It would be easy to dismiss this benchmark as another toy problem without real world application. But the style of learning that a winning system implements will most likely be something new, something that goes beyond the scaling of data and compute that all of the current frontier labs are pursuing. Such an AGI would also likely be safer and slower to roll out, less a singularity than a continuation of human stair step technological progress.

An important part of the ARC Prize is promoting the open sourcing of solutions to the ARC-AGI benchmark. By calling attention to the problem, and offering more than $1M for a better than 85% solution, Knoop and Chollet hope to reshape the research space back towards the kinds of open collaboration that led to our current breakthroughs.

The big labs are also clearly exploring new ideas, but perhaps more as a side quest than a main quest. From our experience with founders we know that the singular focus of, as Factory’s Matan Grinberg says, being “more obsessed than everyone else working in this space” is what leads to breakthroughs.

Knoop and Chollet’s quest to advance progress on an unmoved benchmark has echoes of Patrick Collison’s calls for increasing the velocity of science through developing more agile and interdisciplinary institutions. When we asked Knoop who he thought would provide the winning solution to ARC Prize he said, “I think it’s going to come from an outsider, somebody who just thinks a little bit differently or has a different set of life experience, or they’re able to cross pollinate a couple of really important ideas across fields.”

Previous Video Next Video Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Inference Zapier’s Mike Knoop on ARC Prize and AGI Hosted by Sonya Huang and Pat Grady Podcast Listen LangChain’s Harrison Chase on AI Agents Hosted by Sonya Huang and Pat Grady Podcast Listen “Goldilocks” Agents and Cognitive Architectures By Sonya Huang and Pat Grady Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post New Ideas for AGI appeared first on Sequoia Capital.

Monday, 01. July 2024

Horizen - Blog

StealthEX AMA Recap

On June 26th, 2024, Bryan Nowlan, Marketing Project Manager from Horizen Labs, participated in a text AMA with the StealthEX community to discuss all things Horizen Ecosystem, Horizen Labs, zkVerify, and more! In case you didn't get a chance to catch it live, we put together this recap blog of the questions and answers. Question: What technical […] The post StealthEX AMA Recap appea

On June 26th, 2024, Bryan Nowlan, Marketing Project Manager from Horizen Labs, participated in a text AMA with the StealthEX community to discuss all things Horizen Ecosystem, Horizen Labs, zkVerify, and more! 

In case you didn’t get a chance to catch it live, we put together this recap blog of the questions and answers. 

Question: What technical support and resources are available for developers and users of the ZKVProtocol? How does HorizenLabs ensure the long-term sustainability and maintenance of the protocol?

Answer: zkVerify has in-depth technical documentation available for developers and builders that are looking to interact with the project. The documentation can be reached here: https://docs.zkverify.io/

Ranging from an overview of zkVerify, to the zkVerify Hub with important links and recommendations, to a tutorials section, users can find all they need to get started with the project. 

Our tech teams are also very responsive on the zkVerify Discord, if any users run into any issues or have any questions, members of the team can jump in there to provide support: discord.gg/zkverify

Horizen Labs is the builder of zkVerify, so we are deeply invested in the long-term sustainability and maintenance of the protocol. We have extensive experience with zero-knowledge technologies and an entire team dedicated to ensuring zkVerify’s success!

Question: How does the ZKVProtocol integrate with other Horizen technologies, such as the Horizen EON blockchain and the Horizen Wallet? What are the benefits of this integration?

Answer: The Horizen Community recently voted to pass ZenIP 42406, the technical proposal for the migration of EON and $ZEN, included in that proposal is an overview of how zkVerify will integrate with other Horizen technologies. 

Horizen 2.0 will be a fully-compatible EVM, which means that existing smart contracts on EON will be transitioned over, including $ZEN in current liquidity pools. Horizen 2.0 will also be built using the Substrate framework (written in Rust), which will allow for a tight integration with the zkVerify protocol (which is also built on Substrate) for fast and cost-effective verification of zk proofs. Specifically, EON 2.0 will be a parachain connected to the zkVerify Relay Chain.

The benefits to this integration allow Horizen to become optimized for ZK-based Apps, the seamless integration with zkVerify ensures the most efficient process for all ZK projects. This sets the groundwork for innovative ZK apps that will make Horizen the home for ZK and also provide more utility for $ZEN.

Question: Given Spencer’s remarks on the necessity of evolving with blockchain technologies in the previous StealthEX AMA, how is the marketing department planning educational initiatives or community outreach programs to address the complexities of ZKVerify?

Answer: Great question, this is something that the Horizen Labs Marketing Team is extensively focused on and planning for. We have established a developer relations team, whose responsibility will be to ensure sufficient educational and community outreach programs will be created for zkVerify, some of which have already kicked off or will be starting soon. 

The zkVerify documentation hub has tutorials already available to developers and builders: https://docs.zkverify.io/tutorials/tutorials/

This includes which wallets to use to get started, how to connect the wallets to zkVerify, how to request test tokens ($ACME), and many guides on how to submit proofs with various verifiers such as Groth16, Fflonk, Risc0, and more! I’d encourage anyone who is interested to explore this to check out our documentation linked above. The team is always available on Discord for any questions or any support needed. 

We will also be launching an educational program with Metaschool soon for zkVerify. This will be an interactive course in which users can learn more about zero knowledge technology, the modular blockchain stack, and how zkVerify fits into all of it. There will be some user actions to take as part of the course, like following some of the tutorials above, additional information to come soon on that! 

The zkVerify Twitter & Youtube is a great source of educational content for users as well, to make sure that zkVerify is as builder friendly as possible. 

zkVerify Twitter: https://x.com/ZKVProtocol

zkVerify Youtube: https://www.youtube.com/@zkVerify

Question: How does HorizenLabs approach governance and decision-making within the project? Are there any specific mechanisms or processes in place to ensure community involvement and transparency?

Answer: The Horizen Ecosystem follows a DAO structure and is an open-source, public protocol with a broad and diverse ecosystem, including miners, developers, node operators, and $ZEN holders. 

The Horizen DAO, governed by the Horizen Foundation follows various processes regarding community proposals, called ZenIPs (ZEN Improvement Proposals) – starting with a proposal idea and research, idea modification, community feedback, draft creation, voting period, and more. 

The Horizen DAO Discourse is the community hub, this is where many of the ZenIPs are discussed among the community members, as the proposals go from the idea phase to the draft phase and on to the formal voting phase. Community members are encouraged to express their thoughts and provide feedback on each proposal or discussion topic that comes in. 

Voting on these ZenIP proposals is done via Snapshot, the Horizen Foundation Snapshot is a great way to check out previous community votes, what the participation levels were like, what was being voted on, and what was the community sentiment for each of the votes: https://snapshot.org/#/horizenfoundation.eth

I’ll add a few resources that might be of value to learn more about this: 

Introducing Horizen DAO Blog: https://blog.horizen.io/introducing-horizen-dao/ Horizen DAO Discourse: https://horizen.discourse.group/ Horizen Discord: https://horizen.io/invite/discord Horizen Governance Documentation: https://docs.horizen.io/governance/overview/about

Question: As horizenglobal expands its network of partners and collaborations, how do you plan to maintain a cohesive and unified ecosystem that benefits all stakeholders, and what challenges do you foresee in managing such a diverse portfolio of projects?

Answer: Horizen Labs prides itself on being one of the major collaborators in the crypto space. This means that our Business Development, Marketing, and Tech teams have extensive experience working with many different partners on many different initiatives, ensuring that the ecosystem is functioning efficiently. 

One of the primary ways that we ensure alignment across many different partners within the ecosystem is through our communication. When it comes time for a network upgrade, update, new integration, new tool available, etc, we are always sure to communicate that both our community, as well as all of our ecosystem partners. This helps to ensure that all of our partners are aligned. 

At Horizen Labs we have worked with the teams at Offchain Labs, Yuga Labs, Animoca Brands, Darewise, ApeCoin DAO, and more on various projects and initiatives. 

Also, with the Horizen ecosystem running as a DAO structure, there is extensive community involvement in all that goes on within the ecosystem. From Discourse, to Discord, to Twitter and Telegram, the Horizen community is constantly in discussion and this is where we share updates, to ensure that everyone is aligned!

Question: How does HorizenLabs leverage its expertise in zero-knowledge cryptography and modular blockchain to address the scalability and efficiency challenges faced by the Web3 ecosystem?

Answer: Horizen Labs has built zkVerify, the Modular Blockchain for ZK Proof Verification. zkVerify is dedicated to verifying ZK proofs across diverse blockchains efficiently, reducing proof verification costs by 90%+, which would have saved ZK Rollups $42.8 Million in 2023 alone. 

By drastically reducing cost, zkVerify is empowering organizations and dApps to achieve economies of scale, bringing in the next generation of use cases that achieve blockchain’s ultimate potential.

zkVerify Enhances network performance by decoupling the computationally heavy proof verification process, allowing for faster and more precise operations free from the constraints of multi-purpose chains and seamlessly integrates with existing blockchain ecosystems and multiple zero-knowledge proving schemes, minimizing technical overhead with a developer-friendly environment.

I’d encourage anyone who is looking to learn more about zkVerify to check out their website: https://zkverify.io/

Question: How could the successful implementation of ZenIP 42406 impact the value and adoption of the ZEN token? What are the potential economic benefits for ZEN holders and the broader Horizen ecosystem as a result of the migration and the new EON 2.0 parachain?

Answer: I won’t go into details on any price predictions with this answer, but I will say that there is a lot to unpack with the passing of ZenIP 42406. 

At a high level, Horizen ($ZEN) and EON are currently built on older technology stacks. The Horizen Mainchain is a fork of the Bitcoin C++ codebase with a block time of 2.5 minutes, while EON is written in Scala based on the Scorex SDK with an 18-second block time. To address the limitations of these legacy systems and align with the vision of Horizen as a home for ZK and an enduring utility for $ZEN, Horizen Labs proposed to migrate to Horizen EON 2.0 with ZenIP 42406. 

Essentially Horizen/EON 2.0 will have a new target block time of ~6 seconds, be built on the Substrate framework written in rust, ZK-Optimized, and have backward compatibility. 

On ZK-Optimization: 

Leverage fast, native zk proof verification from zkVerify Protocol Modular and upgradable architecture for future zk advancements, such as new proving systems. 

On Backward Compatibility: 

Preserve max $ZEN supply Full Solidity and EVM support $ZEN, EON snapshots Prolonged Claim Window Enable Incentives for Ecosystem Partners

In Addition: 

-Enhanced Performance: Incorporating the latest advancements in zero-knowledge proof systems, improving transaction speeds, and increasing security

-Expanded Ecosystem with Full EVM Compatibility: Enhances interoperability with other blockchains, opening up a world of possibilities for cross-chain collaborations and integrations. This means more opportunities and partnerships for the Horizen community

-Community Growth: With these improvements, we are fostering a better environment for developers and web3 users to join our network, making Horizen stronger and more vibrant than ever before!

I’d encourage those who are interested to learn more about ZenIP 42406 and everything it means for the Horizen Ecosystem to check out our high-level blog post which provides an overview to the proposal: https://blog.horizen.io/zenip-42406-eon-and-zen-migration-high-level-overview/

Question: How do @HorizenLabs and @ZKVProtocol plan to stay ahead of the curve in the rapidly evolving crypto landscape?

Answer: Horizen Labs has an incredible research and product marketing team that works extensively to stay up to date with the latest and greatest in the industry. Many of our Cryptographers and Engineers actively contribute to various research projects and initiatives, both within and outside of Horizen Labs. 

We also leverage our vast network of connections and industry partners for this, which helps us to stay ahead of the curve and to learn of the latest developments as they are emerging in the space. Our Business Development team is constantly out in the field discussing with prospective partners and projects to see what their needs are, and how we can help to address them, providing a valuable feedback loop for our team.

Question: In what ways can developers take advantage of Horizen’s fully EVM-compatible blockchain to seamlessly migrate or build their Ethereum-based dApps, and what tools and resources are available to support this process?

Answer: The Horizen Ecosystem is quite vibrant, I’d encourage everyone to go check out the full list of our Ecosystem: https://eon.horizen.io/

There are many developer tools available on Horizen EON currently, such as Thirdweb, Remix, Truffle, and Hardhat. The Ecosystem includes infrastructure, bridges, an NFT Marketplace, many different Wallet Integrations, Oracles, DeFi integrations such as SpookySwap, Interport, Yuzu, and more!

In addition, there is extensive documentation available for Horizen EON that explains how to get and connect a wallet, receive test tokens, conduct a forward or backward transfer and learn more about how to set up forger nodes. Be sure to check out our documentation hub: https://docs.horizen.io/

To answer your specific question, we have a tutorial available that explains how to deploy a dApp using the Remix IDE here as well: https://docs.horizen.io/horizen_eon/tutorials/todolist

Question: A strong community not only brings interesting ideas to the project but also attracts larger partners. So how is its initiative  planning to build its community? And is there a plan to recruit people with Blockchain experience to the initiative team??

Answer: I figured this would be a great way to end this text AMA, and I wanted to provide as many relevant links as possible for this community to learn more about Horizen, zkVerify, and Horizen Labs, and to join our communities. 

Horizen: 

Horizen Website: https://www.horizen.io/ Horizen Twitter: https://x.com/horizenglobal Horizen Discord: https://horizen.io/invite/discord Horizen Discourse: https://horizen.discourse.group/ Horizen Telegram: https://t.me/horizencommunity Horizen Documentation: https://docs.horizen.io/

Horizen Labs: 

Horizen Labs Website: https://horizenlabs.io/ Horizen Labs Twitter: https://x.com/HorizenLabs

zkVerify: 

zkVerify Website: https://zkverify.io/ zkVerify Twitter: https://x.com/ZKVProtocol zkVerify Discord: https://discord.gg/zkverify zkVerify Telegram: @zkverify zkVerify Documentation: https://docs.zkverify.io/

On both the Horizen and zkVerify Discord servers there are many different channels tailored to various languages and communities around the globe, such as French, Korean, Chinese, Turkish, Spanish, Portuguese, and more! 

The Horizen Community has many dedicated and passionate Ambassadors who help to moderate the Discord Server and other community channels, provide community support, answer questions, and are amazing resources for our community. The Horizen Labs team is constantly working to build vibrant communities across the Horizen ecosystem, the zkVerify ecosystem, and more! Our teams are always available to provide community support, answer questions, and provide guidance.

Question: How can we use your platform? Do you have any guide for beginners?

Answer: Great Question! 

Breaking it down for both zkVerify and Horizen. 

For zkVerify, I’d encourage anyone interested to learn more about the platform and to start testing to check out our documentation hub: https://docs.zkverify.io/

We have lots of good tutorials and documentation there for users to get started. The tutorials are all step by step to ensure seamless onbaording!

For Horizen, I’d also encourage users to check out our Get Started page, we have useful links there for users to get started with Horizen EON!

https://eon.horizen.io/app/start-here

Question: Where can I get the latest updates or more information about the project?

Answer: This is a great way to wrap up this text AMA! 

Twitter (or X as its called now) is the best resource for information about both zkVerify, Horizen, and Horizen Labs. 

I would encourage this community to follow our accounts, to be sure to stay up to date on the latest and greatest!

Horizen: https://x.com/horizenglobal

Horizen Labs: https://x.com/HorizenLabs

zkVerify: https://x.com/ZKVProtocol

The post StealthEX AMA Recap appeared first on Horizen Blog.


Circle Press

Circle is First Global Stablecoin Issuer to Comply with MiCA

Circle’s French entity is launching USDC and EURC issuance in the EU in compliance with one of the world’s most comprehensive regulatory regimes for digital assets

Circle’s French entity is launching USDC and EURC issuance in the EU in compliance with one of the world’s most comprehensive regulatory regimes for digital assets


bankless

ETH ETF: Bullish or Bearish? | Alex Thorn & Matt Hougan

Is the Ethereum ETF Bullish for ETH? Matt Hougan and Alex Thorn put together their own analysis of inflows for the ETH ETF. Remarkably, their numbers came in somewhere close to the same place. We discussed how much demand there will be for the ETH ETF, whether or not it will overperform or underperform expectations and the overall state of the Crypto Market today. ------ ✨ Mint the episode

Is the Ethereum ETF Bullish for ETH?

Matt Hougan and Alex Thorn put together their own analysis of inflows for the ETH ETF. Remarkably, their numbers came in somewhere close to the same place.

We discussed how much demand there will be for the ETH ETF, whether or not it will overperform or underperform expectations and the overall state of the Crypto Market today.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/24?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ TIMESTAMPS

0:00 Intro 2:18 When ETH ETF? 7:16 Data Gathering Process 13:59 The BTC ETF Datapoint 24:17 Estimating ETH ETF Inflows 42:19 Price Impact 52:36 The ETH ETF Bear Case 1:03:14 Solana ETF? 1:05:44 The State of the Market 1:13:53 Closing & Disclaimers

------ RESOURCES

Matt Hougan https://x.com/matt_hougan  

Alex Thorn https://x.com/intangiblecoins  

Bitwise https://bitwiseinvestments.com/  

Galaxy Digital https://www.galaxy.com/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  


Empiria

Deep Dives: Decentralized Identifiers (DIDs)

Deep Dives Decentralized Identifiers graphic We navigate our days with clicks, swipes, and taps, engaging in countless digital interactions. Convenient? To a point, aside from the frustration of repetitive form-filling. Secure? Far from it — each interaction leaves a digital footprint, exposing our private data to potential risks. What’s the solution? Data protection laws? They lag behind reality.
Deep Dives Decentralized Identifiers graphic

We navigate our days with clicks, swipes, and taps, engaging in countless digital interactions. Convenient? To a point, aside from the frustration of repetitive form-filling. Secure? Far from it — each interaction leaves a digital footprint, exposing our private data to potential risks.

What’s the solution? Data protection laws? They lag behind reality. Awareness campaigns? Easily ignored as we trade privacy for convenience. Hopeless then? Not at all! Enter Decentralized Identifiers, or DIDs for short.

This technology revolutionizes our online experience, shifting from a free-for-all where private data is at risk, to a digital future grounded in data ownership, privacy, and security. As we explore the innovative tech at the foundation of Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI), let’s spotlight DIDs, which enable a transformative leap from the era of email logins to a decentralized, passwordless world.

What are Decentralized Identifiers (DIDs)?

Decentralized Identifiers (DIDs) are a unique form of identifiers that enable independent management of digital identities without reliance on centralized authorities.

Think of DIDs as unique digital ID cards for the internet, whether for people, devices, or any other. Instead of being controlled by a single authority (like a government or a company), DIDs are managed by the entities themselves. DID doesn’t hold any information itself, but acts as a reference point.

What are DIDs for?

Here’s what you need to know: DIDs enable people to own and control their digital identities without relying on centralized authorities.

How? They achieve this through decentralized technologies such as blockchain, which ensures that identity information is stored securely and can be accessed and verified without intermediaries and associated risks.

With DIDs, people can easily create unique digital identifiers that are cryptographically verifiable and tamper-proof (meaning that they cannot be forged or altered by malicious actors). This empowers people to confidently and securely prove their identity, whether to log into websites, securely and privately share data, make transactions, or access services.

Here are some examples of practical use cases od DIDs:

Secure Logins: Simplify access to multiple services with a single, decentralized identity. Digital Signatures: Securely sign digital documents and transactions. Credential Verification: Verify educational certificates and professional licenses. Personal Data Management: Securely manage and share personal information(e.g., health records). Access Control: Grant secure access to buildings, events, and digital resources. Financial Transactions: Streamline KYC processes and enhance payment security. Supply Chain Management: Verify product authenticity and track products. Voting and Governance: Enable secure electronic voting and participation in DAOs. IoT Device Management: Authenticate and manage IoT devices.

DIDs support the principles of Self-Sovereign Identity (SSI), which emphasize the importance of people having full ownership and control over their data. This means that you can choose what data to share, who to share it with, and for how long, thus mitigating privacy risks and reducing the risk of data breaches.

In essence, DIDs represent a fundamental shift in how we manage our digital identities, placing people in charge of their data and empowering them with greater privacy, security, and control.

How to Create and Use a DID?

Creating a DID is a straightforward process that empowers you with control over your data. Follow these steps to get started:

Install a Verifiable Data Wallet: Begin by downloading and installing a DID-compatible wallet, such as the Empe Verifiable Data Wallet. These apps provide a secure environment to manage your DIDs and interact with various platforms. Create Your DID: Open the wallet app and follow the prompts to create a new DID. This typically involves generating a unique identifier and saving a recovery phrase. Ensure you store this recovery phrase securely, as it is essential for recovering your DID in case you lose access to your device. Link your DID to a Platform: To use your DID for logging into a platform, visit the platform and select the “Login with DID” option. This will initiate the process of linking your DID to the platform. Scan QR Code (if applicable): Some platforms may display a QR code as part of the login process. Use your DID wallet app to scan this QR code. This step securely shares your DID with the platform without exposing sensitive information. Authenticate Request: After scanning the QR code, you’ll receive a login request in your DID app. Authenticate this request using your preferred method, such as a PIN, password, or biometric verification.

Once authenticated, the platform will verify your DID and log you in. This seamless process ensures your identity is verified securely, without the need for traditional usernames, email addresses, and passwords.

What makes DIDs better?

In our current digital interactions, we mostly rely on email addresses, passwords, and logins. You’re sure to have more than a few of those yourself. Or maybe you trade your privacy for convenience by sharing your private data with tech giants to “Log in with Facebook, Google, or Amazon”? Either way, there is a better way. Here’s what sets DIDs apart:

Data Ownership: With DIDs users have full control over their data, deciding what to share, with whom, and for how long. DIDs minimize exposure by allowing users to share only the necessary information required for a transaction.

Decentralization: DIDs reduce dependence on single entities for managing and verifying identities. This introduces resilience to single points of failure and cyber-attacks compared to centralized systems.

Security: DIDs mitigate risks of large-scale data breaches by avoiding centralized data repositories. Instead, DIDs utilize blockchain for secure, immutable records of identity transactions.

Interoperability: DIDs can be used across various platforms, organizations, and borders, eliminating the need for multiple identifiers. They employ open standards designed for compatibility across different systems and technologies.

Compliance: By protecting user data privacy, DIDs can streamline compliance with the ever-changing data protection regulations like GDPR

The Rise of DIDs

The concept of Decentralized Identifiers (DIDs) began to solidify around 2017, fueled by growing anxieties around online privacy and the erosion of data security. This innovative approach to digital identity management stemmed from a collaborative effort by the tech community, particularly experts in decentralized systems and cryptography. Key players in this movement included:

The World Wide Web Consortium (W3C): This international community of technology companies and organizations that first began exploring and potentially setting the groundwork for DID standards. Their work continues to ensure interoperability across different platforms and systems, paving the way for widespread adoption.

The Decentralized Identity Foundation (DIF): This non-profit organization brought together stakeholders from various sectors — including technology developers, academics, and policymakers — to foster collaboration and accelerate the development of DID technology.

The rise of DIDs represents a significant shift in the way we manage our digital identities. By placing control in people’s hands, DIDs can create a more secure and user-centric online environment.

DID structure

DIDs are build from the following components:

DID Scheme: The DID scheme specifies the method or protocol used to create and manage the DID. It typically appears at the beginning of the DID and is followed by a colon. Examples of DID schemes include “did:ethr” for Ethereum-based DIDs and “did:web” for DIDs based on web technologies.

Method Specific Identifier (MSI): The Method Specific Identifier (MSI) is a unique identifier within the context of the chosen DID method. It’s the part of the DID that identifies a specific entity or subject. The MSI is generated according to the rules defined by the DID method and is unique within the scope of that method.

DID Document: The DID Document is a JSON file associated with a DID. It contains information about the DID, including cryptographic material, service endpoints, and other metadata related to the entity’s identity. The DID Document provides a standard way to retrieve and verify information about the entity represented by the DID.

DID Resolver: A DID Resolver is a component of a decentralized identity system responsible for resolving DIDs to their associated DID Documents. It retrieves the DID Document corresponding to a given DID from a decentralized or centralized repository, allowing applications to access and verify the information associated with the DID.

DID Method: A DID Method defines how DIDs are created, resolved, and managed within a specific decentralized identity system. It specifies the rules, algorithms, and protocols for generating DIDs, updating DID Documents, and performing other operations related to DIDs. Each DID method has its namespace and set of rules for creating and resolving DIDs.

Overall, the structure of DIDs encompasses the DID scheme, Method Specific Identifier (MSI), DID Documents, and associated components like the DID Resolver and DID Method. Together, these elements enable the creation, management, and utilization of decentralized identifiers for secure and interoperable digital identity solutions.

The role of blockchain in managing DIDs

Blockchain plays a crucial role in managing Decentralized Identifiers (DIDs) by providing a tamper-proof and decentralized ledger to store and manage the associated DID documents and their changes. Here are several key aspects of how blockchain contributes to managing DIDs:

Decentralization and Trust: Blockchain technology allows DIDs to be managed in a decentralized manner, eliminating the need for central authorities to control identity information. Instead, DIDs and their associated metadata can be stored across a network of nodes, ensuring that no single entity controls the entire system. This decentralization enhances trust and resilience, as the integrity of the identity data is maintained by consensus among network participants.

Immutable Record of Changes: Blockchains provide an immutable record of all changes made to DID documents. Each update to a DID, such as adding or removing public keys or updating service endpoints, is recorded as a transaction on the blockchain. This transparent and tamper-evident history ensures that the integrity and authenticity of the identity data can be verified by any party with access to the blockchain.

Security and Privacy: By leveraging cryptographic techniques and consensus mechanisms, blockchain ensures the security and privacy of DID management. DIDs are associated with cryptographic keys, allowing entities to authenticate themselves and control access to their identity information. Additionally, blockchain enables selective disclosure of identity attributes, allowing users to share only the necessary information for a particular transaction while keeping the rest of their identity data private.

Interoperability: Blockchain-based DID management facilitates interoperability between various decentralized identity systems and applications. Since DIDs are globally unique and their associated metadata is stored on a decentralized ledger, they can be used across different platforms and services without being tied to a specific provider or ecosystem. This interoperability enables seamless integration of identity verification and authentication processes across domains and applications.

Resilience and Availability: Blockchains provide resilience and availability by distributing the storage and processing of identity data across a network of nodes. This distributed architecture ensures that even if some nodes in the network fail or become unavailable, the identity data remains accessible and intact. As a result, blockchain-based DID management systems are highly robust and resilient to failures or attacks.

Summary

As Empeiria continues to push boundaries, we envision sophisticated DID structures and integrating cutting-edge advancements for a secure, efficient, and scalable system. But through all this, one thing remains constant: the user. We prioritize user control and privacy with robust management mechanisms, all while ensuring a smooth experience for creating, updating, and verifying your DIDs.

With Empeiria DIDs, we’re building a future-proof digital identity landscape that empowers individuals and organizations to navigate the evolving digital world with confidence.

Follow Empeiria on Twitter/X, or LinkedIn for the latest news & updates. For inquiries or further information, contact Empeiria at media@empe.io.


Zcash Foundation

Results of the ZCG Election & Second Exploratory Dev Fund poll

The ZCG Election & Second Exploratory Dev Fund poll has now closed and the results are in! The purpose of this poll was to elect two members of the Zcash Community Grants committee, and to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal […] The post Results of the ZCG Election & Second Exploratory Dev Fund poll appea

The ZCG Election & Second Exploratory Dev Fund poll has now closed and the results are in!

The purpose of this poll was to elect two members of the Zcash Community Grants committee, and to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback. 

Elections to the Zcash Community Grants Committee

The results of the ZCG election are as follows:

GGuy – 79 votes Wobbzz – 73 votes Peacemonger – 65 votes Roosevelt Gordones (gordonesTV on the forum) – 63 votes Samara – 52 votes Chidi (lisa001 on the forum) – 41 votes Kworks – 26 votes

Congratulations to GGuy and Wobbzz, who are duly reappointed to the ZCG Committee. Thank you to all the candidates for volunteering to serve the Zcash community.

Exploratory Dev Fund Poll & Survey

We included two questions alongside the ZCG election poll on Helios to gather further input from the community on the design of a proposal for a future Dev Fund.

The results of the Helios poll are as follows:

If the Dev Fund is renewed, it:

Should remain 20% of the block reward – 78 votes Should be less than 20% of the block reward – 35 votes Should be more than 20% of the block reward – 18 votes

If the Dev Fund is renewed, how long should it last for before having to be renewed again?

1 year – 50 votes 2 years – 81 votes

We also ran a Jotform survey to solicit community input regarding how the Dev Fund should be allocated between the recipients. While Helios is our preferred polling platform, it does not support arbitrary input by poll respondents. In this case, we want to allow ZCAP members to enter percentages to indicate how they believe the Dev Fund should be allocated. 

We asked the question: What percentage of a new Dev Fund should be allocated to each recipient?

67 people responded to the survey, and the average of their responses is as follows:

Bootstrap Project (parent of the Electric Coin Company): 28% (rounded up from 27.66) Zcash Community Grants program: 40% (rounded down from 40.44) Zcash Foundation: 32% (rounded up from 31.90)

Thank you to everyone who voted in the Helios poll and completed the survey. We will use these results to draft a proposal in the form of a proposed ZIP for the community’s to review and evaluate, alongside other proposals from ECC and community members. We plan to run a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

The post Results of the ZCG Election & Second Exploratory Dev Fund poll appeared first on Zcash Foundation.

Saturday, 29. June 2024

Nym - Medium

WireGuard coming soon to a NymVPN near you

Nym’s decentralized network getting boosted with WireGuard speed The Nym Dev team is in the final stages of WireGuard integration. Languages: Русский // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia As early as next week, the speed of 2-hop NymVPN mode will be boosted with the highly esteemed WireGuard protocol. Soon NymVPN alpha testers can help us see how fast decentralizat
Nym’s decentralized network getting boosted with WireGuard speed

The Nym Dev team is in the final stages of WireGuard integration.

Languages: Русский // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia

As early as next week, the speed of 2-hop NymVPN mode will be boosted with the highly esteemed WireGuard protocol. Soon NymVPN alpha testers can help us see how fast decentralization can be. Sign up now to see what WireGuard can do in the hands of Nym!

But what is WireGuard exactly, and why does it make such a big difference for users of a decentralized privacy network?

What is WireGuard?

WireGuard is a communications protocol that takes care of the encrypted routing for a VPN. It first ensures that the content of VPN users’ traffic is protected by state-of-the-art encryption.

WireGuard encryption protocols

Your data is then relayed quickly and securely across configured servers (2 with NymVPN) before arriving at its final destination on the public web.

It’s not the only VPN protocol available, but it is one of the most lightweight, with only 4,000 lines of code! (OpenVPN, for comparison, is more than 100,000). And hands down, WireGuard is the fastest protocol available.

Learn more about how WireGuard works and how it compares to its biggest competitor.

Why is WireGuard so important for Nym?

WireGuard is a game-changing resource for running decentralized networks like Nym’s. Decentralized, multi-hop routing is notoriously slow (as users of Tor know all too well). By making the encrypted routing procedures highly streamlined, WireGuard can give dVPN users serious privacy protections with much less latency.

WireGuard on NymVPN

NymVPN has two modes: a highly private mixnet node with 5-hops, and a much faster dVPN mode with 2-hops. The WireGuard protocol will facilitate all 2-hop dVPN traffic, while traffic set to use the mixnet mode will use the Sphinx encryption protocol, which is designed specifically to handle mixnet traffic.

Any other generic 2-hop VPN will be slow if the routing technology facilitating it is sub-par. But with the power of WireGuard now behind it, NymVPN users will always be able users access faster connection speeds when needed. This is something that other dVPNs struggle with.

Customize your privacy needs

Decentralized VPN technologies are a significant advancement in protecting user privacy. But they typically come with tradeoffs in speed and connection reliability. Thanks to open-source technology like WireGuard, NymVPN is able to give users a meaningful choice in managing their own privacy online. It’s simple: choose when you need maximal protection, and when you need speed without compromising your privacy.

Alpha users, stay tuned for the official integration of WireGuard. If you haven’t done so, join the waitlist today to get a chance to test NymVPN Alpha this summer for free! Nym need your expertise!

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

WireGuard coming soon to a NymVPN near you was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 28. June 2024

Nym - Medium

Nym Live from Ukraine!

Nym team in full force at Blockchain Week in Kyiv Nym had an amazing time last weekend in Ukraine for Blockchain Week in Kyiv. Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia Members of the Nym core team — including Harry Halpin, Nym’s co-founder and CEO — got to meet and speak about digital privacy surrounding blockchain with crypto, hacke
Nym team in full force at Blockchain Week in Kyiv

Nym had an amazing time last weekend in Ukraine for Blockchain Week in Kyiv.

Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia

Members of the Nym core team — including Harry Halpin, Nym’s co-founder and CEO — got to meet and speak about digital privacy surrounding blockchain with crypto, hacker, and Nym enthousiasts.

In addition to troubleshooting with like-minded privacy-advocates on the state of the world, Nym also showcased the coming NymVPN app. With a new sandbox interface, event participants got to try out NymVPN which started alpha testing last month. Participants were also shown how easy it can be to run a NymNode and be an active part of the Nym privacy ecosystem.

Here’s a breakdown of the many talks and events over the weekend. Check out the links to watch the talks by Harry and crew, including how AI is being used to empower digital war machines.

Testing NymVPN Bitcoin Meetup

The first step on the Nym tour was the Bitcoin Meetup organized by Victoria Zaichenko on 20 June. Harry gave a keynote address on how tracking, profiling, and other anti-privacy measures impact the anonymity of Bitcoin users and their transactions. Companies like Chainalysis can link a company or individual to their wallet, and network traffic analysis technologies continue to compromise the privacy of crypto transactions.

Harry broke down how we can counter these tracking efforts to secure the privacy of your wallet. Most importantly, he showed how the Nym mixnet can protect crypto wallets from transaction linkage to IP addresses and locations better than existing network technologies.

Harry Halpin with RawBox team and the meetup organizer, Victoria Zaichenko

Nymja Oleksky also presented on their RawBox project, an ultra-private router developed by their team in Ukraine. The RawBox can do many things, including allowing local communities to share and economize on the same privacy-protected bandwidth, and even provide mobile protections for activists and journalists while traveling in high-risk zones.

KyivETh Hackathon

For the KyivETH Hackathon on 22 June, Harry gave a talk on the privacy vulnerabilities of Ethereum-based wallets like MetaMask. At the network level, metadata leaks through centralized third parties (Infura) that MetaMask relies on by default. Fortunately, Nym is working on integrating the Nym mixnet with MetaMask and other popular cryptocurrency wallets to provide seamless anonymity in applications you already use.

Watch Harry’s KyivETh talk here!

Harry Halpin discussing the Nym mixnet Nym Meetup with KEC

On Saturday, Nym also organized a Nym Meetup with the Kyiv Etherium Community (KEC). Nym’s own front-end Developer Yana Matrosova gave a talk on the Nym Squad League, and then tested the upcoming NymVPN live with Nym Ambassador Volodymyr.

A Nym community member and RawBox contributor did a run-through on how to install and run a Nym node. And Oleksky, the founder of the RawBox, gave a compelling presentation visualizing how Nym Meetup members traffic data is visible while using NymVPN and without it.

Yana Matrosova presenting NymVPN

Harry presented on the “Present and Future of Nym.” The talk covered a wide-range of crucial topics, including why “the internet is broken,” why we all need anonymity online, and how the Nym mixnet can help us stay anonymous in what we do better than any existing technology. He went into detail on the projected course of the Nym project, its scalability and goals, and what to expect next. Be sure to check out the talk to understand the advancement of Nym’s concrete developments in providing genuine privacy for everyone.

Volodymyr with Harry Halpin and Yana Matrosova

Watch all the Nym Meetup talks here!

And Yana’s live reporting on the presentation and participants

Incrypted Conference

For the Incrypted Conference on 23 June, Nym ran a booth with much-loved merch! Nym left empty handed, but find our swag at upcoming events.

Meanwhile, Harry gave a very well-attended keynote talk on “Surveillance and AI in times of war: How NymVPN can help!” AI is all the rage, but what we don’t see is how its developments are making data surveillance much easier, and even deadly. When it comes to war technologies like drones, which are now regularly powered by AI-identification algorithms, surveillance is no longer simply about privacy: it’s a question of life or death for many.

Incrypted audience for Halpin talk.

Watch Harry’s Incrypted talk here.

And of course, Yana’s deligent reporting on the event.

The Nym community

A big part of participating in a great event like the Blockchain Week is being able to spend time and discuss with Nym community members, present and to come. The Ukrainian contingent has been a really influential and integral part of the Nym community since the beginning, so being there in support of them was truly an honor.

Nym was able to demonstrate the upcoming NymVPN with test users live via the new sandbox interface to show how NymVPN works step-by-step. But also how anyone who wants to build a private web can be a part of the the Nym project by running a node.

But for us Nym devs, what mattered most was to hear face-to-face, and face-to-interface, how what we’re developing might help others, in Ukraine and everywhere. It’s with this feedback that the Nym privacy network, and the first product to run on it, can genuinely provide seamless anonymity for everyone when they need it the most.

And of course, there were Ukrainian treats!

Nym is looking forward to being at upcoming events this summer, so look for us at: EthCC and the Modular summit in Brussels in July!

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym Live from Ukraine! was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


Panther Protocol

Dark Pools for Institutional Crypto Users: Challenges and Innovations

Privacy is critical for institutional crypto traders. Trades on public blockchains expose institutions to risks, including strategy theft, front-running, and MEV bots. Dark pools offer institutions a promising way to execute large trades privately. However, their adoption has been slow. One major issue is the association between Privacy Enhancing Technology

Privacy is critical for institutional crypto traders. Trades on public blockchains expose institutions to risks, including strategy theft, front-running, and MEV bots. Dark pools offer institutions a promising way to execute large trades privately. However, their adoption has been slow. One major issue is the association between Privacy Enhancing Technology (PET) and illegal activities like money laundering and terrorist financing, as seen with Tornado Cash. Other problems include concerns about compliance with regulations, inefficiencies in handling large transactions, poor integration with existing financial systems, limited scalability, and the risk of censorship.

This blog will discuss the reasons behind the slow adoption of dark pools by institutional users such as asset managers, market makers, and broker-dealers, their benefits, and how Panther Protocol will help resolve these issues. Panther is building modular, compliance-supportive DeFi access infrastructure for regulated financial market operators. The protocol will include customizable private trading Zones, strong compliance support, direct access to major decentralized exchanges, and privacy-preserving transaction methods to improve digital asset management security, efficiency, and regulatory compliance.

*For brevity, organizations with users such as asset managers, market makers, and broker-dealers are all referred to as institutions throughout this blog. 

Reasons behind the slow adoption of dark pools by institutions Lack of regulatory compliance

Inadvertently facilitating illegal activities can result in severe penalties, loss of reputation, and operational disruptions for institutions. AML and KYC regulations are of utmost importance, ensuring that bad actors, such as sanctioned individuals and entities are off their platforms.  

Many dark pools in DeFi, such as Tornado Cash, do not align with regulatory standards. This non-compliance poses significant risks, as seen with Tornado Cash being sanctioned by the U.S. Office of Foreign Assets Control (OFAC) and other regulators around the world due to its use by malicious actors like the Lazarus Group. This has led to many institutions being cautious about using dark pools due to potential legal repercussions and the risk of funds being associated with illicit activities.

Need for liquidity and handling of large transactions

Institutions need solutions that ensure privacy without compromising transaction efficiency. Large trades can see significant slippage or delay if a Dark Pool faces liquidity issues. Any perceived transaction inefficiency naturally leads to challenges with adoption. 

Poor integration with existing financial systems

Institutions prefer solutions that easily integrate with their existing systems, allowing for seamless interoperability and efficient workflows. Poor integration capabilities hinder adoption and can lead to operational bottlenecks. Currently, most of the dark pools available in the market lack integration with existing financial systems and tools. This creates a barrier for institutions that need to incorporate these solutions into their broader financial operations.

Vulnerability to censorship 

For institutions, the risk of transaction censorship is unacceptable. Robust mechanisms are needed by these types of investors to ensure their transactions are processed fairly and securely without being subject to censorship.  A number of high-profile regulators, including the U.S. Treasury, have proposed rules that identify virtual currency mixing as a class of transactions of primary money laundering concern. Tornado Cash is a prime example of how transactions can be excluded by OFAC-compliant block builders. 

Why institutions should care about dark pools Privacy and confidentiality

One reason why the adoption of Web3 dark pools is slow is as a result of misconceptions related to the use of CEXs. While CEXs can provide partial privacy by breaking transaction links, CEXs also custody their user’s assets, introducing exposure to risks ranging from fraud to security issues. Crypto exchanges have a history of high-profile custody issues, such as FTX, whose litany of deceptive practices, including the lending its customers’ assets to Alameda research led to one of the worst crises in crypto’s history. Other high profile examples include Mt. Gox, which lost approximately 850,000 BTC to hacking incidents; Bitfinex’s infamous security breach resulting the theft of 120,000 BTC and QuidrigaCX, where the sudden death of the CEO, who was the sole person with access to the exchange’s private keys, led to the loss of $190M in customer funds, among others.

Many institutional users find the risks associated with centralized custody unacceptable, particularly given CEXs only offer partial privacy. Dark pools provide essential confidentiality for institutions. In both traditional finance and decentralized finance (DeFi), large trades can significantly impact market prices and reveal trading strategies if executed publicly. Dark pools prevent market manipulation and front-running by hiding the details of your trades. This protection is essential for institutional investors to execute large transactions without other market participants exploiting this information. The ability to trade anonymously ensures that institutions can protect their trading strategies and investment returns from manipulative practices.

MEV Protection

MEV bots exploit the transparency and structure of blockchain transactions to extract additional value, often at the expense of other users. Their activities can lead to higher transaction costs, market manipulation, network congestion, and financial losses for other users of the platform. Dark pools such as Panther are using multiple approaches that can significantly reduce MEV risks. While no solution is entirely foolproof, the following strategies, currently under consideration for Panther Protocol’s designs will help create a more secure trading environment:

Approach 1: Offchain Order Book with P2P Library

Using this design choice, users communicate and negotiate trade details offchain using a peer-to-peer (P2P) library. For example, User A submits an offer, and User B handles the matching. They generate cryptographic proofs of the transaction offchain, and only one user submits a single transaction onchain for settlement via a smart contract. This approach minimizes onchain data exposure, reducing the information available to MEV bots and thereby lowering the chances of exploitation.

Approach 2: Onchain Order Book with Onchain Interaction

This design choice involves maintaining the order book and interactions entirely onchain. Users generate proofs and submit transactions onchain with a smart contract performing the settlement. Although this approach benefits from transparency and simpler implementation, it exposes trade details on the blockchain, making it more susceptible to MEV exploits.

Approach 3: Hybrid Model

A hybrid approach combines the strengths of both offchain and onchain methods. Sensitive data like user identities and trade amounts are exchanged offchain, while only cryptographic proofs are submitted onchain. This limits the onchain exposure to essential verification elements, enhancing privacy and reducing the likelihood of MEV attacks.

Dark pools inherently offer resistance to MEV bots because they typically involve peer-to-peer transactions and minimize onchain exposure, making it difficult for MEV bots to gather the information they need to exploit trades. In summary, by leveraging offchain communication, cryptographic proofs, and strategic onchain interactions, dark pools provide a robust framework for reducing MEV risks and enhancing transaction privacy.

Market efficiency and liquidity management

TradFi dark pools face significant reputational issues due to their history of exploiting information advantages to the detriment of their clients. Unlike traditional dark pools, on-chain dark pools such as Panther are working to contribute to market efficiency by allowing large trades to be executed without causing significant price movements. This stability benefits institutions that need to manage liquidity effectively without impacting market conditions. By enabling large, discrete trades, dark pools help institutions maintain optimal portfolio balances and manage risk efficiently. Efficient liquidity management is critical for institutions, and dark pools provide a platform where large orders can be matched without slippage or adverse market impacts. Mechanisms such as peer-to-peer order matching and liquidity aggregation from various sources ensure that institutions can access necessary liquidity while maintaining trade secrecy. This capability is vital for managing large transactions seamlessly.

Enhanced security and trust

Security is paramount for institutional investors, and dark pools offer a secure environment for executing trades. Privacy-enhancing technologies like zero-knowledge proofs ensure that trade data remains confidential and secure from external threats. Robust security protocols in dark pools build trust among institutional investors. Features like remote attestation and secure multi-party computation enhance the security of dark pool transactions, ensuring that the system remains trustworthy and reliable for institutional use. This trust is essential for institutions to engage in large-scale trading activities confidently.

How Panther will enable private, compliant DeFi access for institutions

Panther Protocol is set to enhance privacy, security, and efficiency in digital asset management. Panther is building compliance-enabling DeFi access infrastructure, complete with dark pool functionality for regulated financial entities. Panther Zones will enable institutions to create private trading Zones with customized asset lists, user lists, transaction limits, and access to DeFi applications. This modular approach will allow institutions to tailor their trading environments according to specific regulatory and operational needs. 

Want to learn more about Panther Zones? Reach out to us at contact@pantherprotocol.io


Circle Blog

XDEFI & CCTP: Making USDC Cross-Chain Swaps Safer & Simpler


bankless

ROLLUP: Solana ETF? | $Blast L2 Launch | Solana's Blink & ZK Compression | ETH ETF Next Week?

We’re on the edge of our seats with the potential Ethereum ETF launch just days away. Are ETH ETF products finally going to be tradeable next week? Solana is also in the spotlight, hinting at its own ETF while rolling out impressive innovations like ZK Compression and Blinks. The Blast token has also finally dropped! Are you eligible? We unpack everything you need to know.  Plus, Ethere

We’re on the edge of our seats with the potential Ethereum ETF launch just days away. Are ETH ETF products finally going to be tradeable next week?

Solana is also in the spotlight, hinting at its own ETF while rolling out impressive innovations like ZK Compression and Blinks.

The Blast token has also finally dropped! Are you eligible? We unpack everything you need to know. 

Plus, Ethereum’s new execution client might unlock a hidden beast. And we cover everything happening price with prices. Are we in a crypto bull or bear? Tune in to find out. 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/23 

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------ TIMESTAMPS & RESOURCES

0:00 Intro

3:19 Markets 

3:53 Mt.Gox is ready to distribute the bitcoin https://x.com/WatcherGuru/status/1805168222645244311  https://x.com/Ian_Unsworth/status/1805251746354131379 

9:07 Germany is about to start selling the seized bitcoin https://x.com/ArkhamIntel/status/1805542881454633282 

9:30 Meanwhile, the U.S. government sent $240M of BTC to Coinbase  https://x.com/DegenerateNews/status/1806012142094614695  https://x.com/RyanSAdams/status/1806347784129290364 

11:09 ETH Tailwinds https://x.com/Matt_Hougan/status/1804137327964438729  https://x.com/econoar/status/1805123906602144125 

15:31 L2 Update https://l2beat.com/scaling/summary  https://rollup.wtf/ 

17:33 Bitcoin flows https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-onchain-flows  https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-on-chain-total-net-flows 

18:21 All spot ETH ETF S-1 amendments are now in!  https://x.com/NateGeraci/status/1804264951315403233  https://x.com/matthew_sigel/status/1805624888821989576  https://x.com/Matt_Hougan/status/1805941968838533534  

21:20 Cooked Airdrops https://x.com/k1z4_/status/1804498112154620370   https://imgur.com/a/q7riQXD 

27:41 Is Solana getting an ETF?  https://x.com/matthew_sigel/status/1806313241431138434  https://x.com/JSeyff/status/1806322096924217412  https://x.com/JSeyff/status/1806324109045031034  https://x.com/EricBalchunas/status/1806319656694628659  https://x.com/JSeyff/status/1806330548887093414  https://x.com/jchervinsky/status/1806331553594675563  https://www.coingecko.com/en/coins/solana 

32:10 Solana’s Blinks + ZK Compression https://x.com/solana/status/1805587979723063440  https://x.com/phantom/status/1805588661213220968  https://x.com/dabit3/status/1805955810800947472  https://x.com/0xCygaar/status/1804536674338357368  https://x.com/ufukaltinok/status/1804362153903681823 

39:20 Blast launched their airdrop https://x.com/Blast_L2/status/1805630569830924310  https://www.coingecko.com/en/coins/blast  https://x.com/blur_io/status/1805631184028024909  https://x.com/OlimpioCrypto/status/1805634498358366697 

45:44 Ethereum execution client Reth was launched!  https://x.com/gakonst/status/1805920383390154845 

48:52 MiCA is about to enforce strict rules for stablecoins   https://www.theblock.co/post/301989/eu-crypto-mica-stablecoin-disruption  https://x.com/SethHertlein/status/1799102535459877201 

52:15 Gary Continues Taking Ls  https://x.com/MinarikLaw/status/1805715857030439306   https://x.com/EleanorTerrett/status/1806334142432293142  https://x.com/milesjennings/status/1806354239092080665  https://x.com/WatcherGuru/status/1806303516694122663  https://www.coindesk.com/policy/2024/06/27/coinbase-accuses-us-sec-fdic-of-improperly-blocking-document-requests/ 

56:39 Winklevoss twins donated $2M in BTC to Trump’s campaign  https://x.com/tyler/status/1803872859938549920 

59:10 Raises and BVC Investments   https://x.com/hotpot_dao/status/1806357081231909168  https://x.com/KAndrewHuang/status/1805632313759514783 

1:01:47 Voting on Bankless Nation podcast suggestions starts today!  https://www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 

1:03:34 July schedule… https://lu.ma/k0amrrnz  https://x.com/TrustlessState/status/1805381346510225776 

1:04:58 Meme of the Week https://x.com/BitwiseInvest/status/1806326930477654147  

1:05:43 Closing & Disclosures

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


Epicenter Podcast

Fabric Ventures' Investment Thesis Since the Dawn of Bitcoin to AI - Richard Muirhead

It is one thing to invest in early stage companies, but to do so in a nascent industry that constantly reinvents and rediscovers itself is a whole different venture. Richard Muirhead co-founded Fabric Ventures in 2012 around the thesis of supporting the Open Economy. While at first this meant investing in Bitcoin-related projects, once Ethereum was announced, a new horizon unveiled, filled with tr

It is one thing to invest in early stage companies, but to do so in a nascent industry that constantly reinvents and rediscovers itself is a whole different venture. Richard Muirhead co-founded Fabric Ventures in 2012 around the thesis of supporting the Open Economy. While at first this meant investing in Bitcoin-related projects, once Ethereum was announced, a new horizon unveiled, filled with tremendous potential. Since then, the Open Economy thesis was adapted to match technological breakthroughs, and it is now centered around artificial intelligence, distributed computing and self sovereignty (over both fungible, as well non-fungible assets).

Topics covered in this episode:

Richard’s background and how he founded a crypto VC Fabric Ventures’ thesis How the AI thesis evolved User-generated AI On-chain autonomous agents Upcoming DeFi innovations Web3 trends that took Richard by surprise Missed opportunities The impact of crypto liquidity & market cycles on VC investing How to vet projects in early investment phase

Episode links:

Richard Muirhead on Twitter Fabric Ventures on Twitter Fabric Ventures

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture & Friederike Ernst.

Thursday, 27. June 2024

Greylock Partners

How Notable AI Eliminates the Administrative Burden in US Healthcare

The post How Notable AI Eliminates the Administrative Burden in US Healthcare appeared first on Greylock.

Sequoia

Partnering with Clay: On a Mission to Grow

The post Partnering with Clay: On a Mission to Grow appeared first on Sequoia Capital.
Partnering with Clay: On a Mission to Grow

Kareem and Varun have built a transformative platform for go-to-market teams—and transformed their own team in the process.

By Mike Vernal and Alfred Lin Published June 27, 2024 Clay co-founders Varun Anand and Kareem Amin.

When we first met Clay five years ago, we were excited to find an ambitious team with novel and compelling insights, building a great product for a large market. Yet, it was also a very different company from the one we know today.

Back then, the platform was focused on workflow and data integration—an intuitive and powerful combination of spreadsheet interfaces, data ingestion, and functional programming that helped customers automate and streamline complex operations without extensive technical expertise. You could feed Clay a list of URLs of websites, for example, and in just a few clicks build a database of company descriptions, social profiles, review ratings, and more.

It was impressive, simple, and truly innovative—no surprise it came from a team led by Kareem Amin and Nicolae Rusan. After starting their careers at Microsoft, their first company, Frame, was acquired by the marketing automation business Sailthru. References on CEO Kareem told us he deeply understood the ever-changing ways developers used data—and they said he was thoughtful, trustworthy and wickedly smart. We were also struck by his sincerity and passion for solving his customers’ problems. Clay wasn’t just about efficiency. It was about empowering more people, not just developers, to fully use the power of their computers to do amazing things. We were grateful for the opportunity to partner with them and lead the Series A.

Customers liked Clay, too. It was a valuable tool for quickly moving data, and it made integration easy—at a moment when increasingly tech-savvy business users were looking for more low- and no-code customization. However, many users weren’t sure where to start, and at first, Clay’s growth was modest.

But the team was determined to change that, and over the past couple of years, Kareem and co-founder Varun Anand, who joined in 2021, have led Clay through a tremendous transformation. The company set a new mission of helping businesses grow and found strong product-market fit as the data orchestration layer for modern go-to-market teams.

At its most basic level, sales and marketing are about finding potential customers, learning about them, and reaching out—and Clay improves and automates that process at every step. The average sales development rep spends two-thirds of their time on manual tasks such as building lists, researching leads, and writing emails; just one-third goes to actually interacting with people. With Clay, growth teams can flip those numbers and then some. 

First, Clay’s marketplace enables customers to gather information from over 75 data enrichment tools—a unique vendor-agnostic approach that provides the rare combination of low cost, high coverage, high accuracy, and convenience. Then, the platform’s AI-powered research agent consolidates that data—and helps scale outreach by automatically crafting personalized messages to each prospect. Thanks to the years of work Kareem, Varun and the team have put into building out integrations, it works seamlessly with other GTM tools. Clay’s customers send fewer, better messages to people who are more likely to be a good fit, and SDRs get to focus on real conversations and closing deals.

Today, Clay boasts some 100,000 users across more than 2,500 companies, including Anthropic, Intercom, Notion, Vanta, and Verkada. Customers are seeing both data coverage and outreach campaign response rates double and even triple. Metrics aside, Clay is a clear outlier in customer love. Just as they were at the start of our partnership, our more recent reference calls have been effusive: one customer called the platform “the most impressive piece of software I’ve used in my career,” while another memorably declared, “If someone told me I had to get rid of Clay, I’d go on a two-week retreat to think about what my life had become.” (If you’d like to see for yourself what they’re raving about, you can try it for free.)

The Clay team, in turn, is reaping the benefits of their grit and determination, with 10x growth year-over-year for each of the past two years since their relaunch, and has expanded from 10 people to 50 and counting. As they announce this Series B round, we at Sequoia are as excited as ever to be in their corner, to watch them continue to evolve, and to support them on their mission of helping companies grow.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Enterprise #Funding announcement Seed Fund V: Forging the Future Announcing Sequoia’s fifth seed fund and next cohort of Arc. News Read Partnering with Cobot: Builders at Heart By Alfred Lin News Read Partnering with Deno: Application Development for the Modern Web News Read Partnering with Turnkey: Crypto Private Key Infrastructure By Alfred Lin News Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Clay: On a Mission to Grow appeared first on Sequoia Capital.


Nym - Medium

Nym network operators voting on reward split, and more!

Major developments happening for operators of the Nym network The Nym network is run by operators all over the world who supply network routing services with unprecedented privacy features for ordinary users. Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia Some major developments are in the works to support operators in providing the best q
Major developments happening for operators of the Nym network

The Nym network is run by operators all over the world who supply network routing services with unprecedented privacy features for ordinary users.

Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia

Some major developments are in the works to support operators in providing the best quality of service for an increasing number of users of the NymVPN: voting for a new reward scheme, the implementation of Terms & Conditions for operators to ensure a no-logs policy, the release of a new diagnostics tooling, and upcoming harbourmaster updates.

If you are an operator, read on for how these changes will affect you. Or if you are simply interested in just how much is going on in the deepest depths of one of the most advanced privacy infrastructures in the world.

Reward split vote is live!

Recently, the operator community passed a vote on minimum profit margin, an initiative to prevent a “race to the bottom” of operator rewards and quality of service. Over the past week, a new vote has been ongoing to determine the reward split across network layers.

With the Nym network, user traffic passes through five layers to ensure strong protections: an entry gateway, three layers of mix nodes, and an exit gateway to the clearnet. The Nym reward algorithm currently rewards mix nodes, but not entry or exit gateways. To solve this and ensure gateways are rewarded for their work, a new reward scheme has been presented to the community for feedback.

The new reward scheme will ensure that all operators in the active set — whether acting as a mix node, entry gateway, or exit gateway — are rewarded for their work. Operators simply run a “Nym node” and may be selected for any layer at each epoch, with top performing, reliable nodes more likely to be selected as entry or exit gateways. All nodes also function as entry and exits for the simple, two-layer VPN mode.

But the question is, what share of rewards should each of these layers receive? Operating gateways, particularly exit gateways, may come with operational risks in some regions. Therefore, the community is currently voting on how much premium gateways should be receiving in compensation.

The Nym network is used in two different modes: as a high speed VPN with two layers, or as a powerful privacy mixnet with five layers. The vote therefore has two parts:

Part 1: Reward split for high-speed, 2-layer VPN Part 2: Reward split for high-privacy, 5-layer mixnet

Establishing the right incentive for the community to operate enough exit gateways is crucial going forward in maintaining a reliable and viable privacy infrastructure!

Read detailed more explanation here Watch the community call dedicated to this topic with Claudia Diaz (Nym Chief Scientist) and Igor Smirnov (Technical Delivery Lead) Operator Terms & Conditions implemented

The Nym network and NymVPN app promise strong privacy to end-users, including a promise of no logs. In order to make good on that promise both technically and legally, operator Terms & Conditions are being rolled out, for operators to signal their agreement with this policy.

The latest release of the Nym node binaries allow operators to flag that they agree in a soft roll out, which will eventually be a requirement for being part of the network active set that services end-users.

Watch Nym CEO Harry Halpin explain operator Terms & Conditions

Operator guides and tools

The quality of service by Nym operators has been growing exponentially over the past few months, thanks to close collaboration and troubleshooting between core community and the core dev team.

This collaboration has also led to a revamp of the Release Cycle, new test environments and the re-opening of the Testnet token faucet. This is all to give operators and people building tooling for the network to have a heads up on what’s coming down the pipeline.

A new, stable Sandbox testnet environment allows new operators to learn how to run a node before deploying to mainnet. And a new tool for self-diagnosing node health Node API Check CLI to complement the harbourmaster in helping operators assess their quality of service.

Finally, a diamond solution is on the horizon for those operators who have been struggling with the node blacklist over the past months...

Join the Nym operator matrix chat Read the Operator Guide Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym network operators voting on reward split, and more! was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

PleasrDAO Releases Secret Wu-Tang Album | Leighton Cusack & Matt Metkov

David is joined by Leighton Cusack and Matt Metkov, two members of PleasrDAO, the organization that owns and is releasing the Wu-Tang Album.  The Wu-Tang Clan created a unique album, “Once Upon a Time in Shaolin,” to combat music’s devaluation in the digital age. It was bought by Martin Shkreli in 2015, who later lost it due to a fraud conviction. In 2021, PleasrDAO, a crypto collective, pu

David is joined by Leighton Cusack and Matt Metkov, two members of PleasrDAO, the organization that owns and is releasing the Wu-Tang Album. 

The Wu-Tang Clan created a unique album, “Once Upon a Time in Shaolin,” to combat music’s devaluation in the digital age. It was bought by Martin Shkreli in 2015, who later lost it due to a fraud conviction. In 2021, PleasrDAO, a crypto collective, purchased the album to restore its value and make it accessible to the public, promoting fairer digital ownership in the Web3 era.

Hear how you can own the most exclusive music album and help support the movement. 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/22  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 9:09 What’s Special About This Album? 11:13 One-Off Event Or New Path For Artists? 14:24 Music Scenario: 2014 vs. Now? 17:41 Music Renting VS Collecting/Ownership  22:25 How To Own The Album? 26:47 Rights & Collaboration  28:07 Rethinking Music Distribution  31:02 Magnitude Of Album Release 32:47 Why Crypto People Should Care? 34:56 David On The Album Songs 38:05 Where To Own The Album? 40:16 Sales & Record-Breaking Week 43:48 Closing & Disclosures

------ RESOURCES

Mint Here https://thealbum.com  

Leighton https://x.com/lay2000lbs 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Brave Browser

Bring Your Own Model (BYOM): using Brave Leo with your own LLMs

Brave Nightly sets a new standard for AI privacy and customization. Connect your preferred AI model, local or remote, directly to Leo in your browser.

AI assistants have become a common part of modern Web browsers. Brave has Leo, Edge has Copilot, Opera has Aria, Arc has Max… This new wave of AI integration has raised many questions among developers and users alike. What’s the best way to interact with an AI assistant within the browser? What unique opportunities arise when AI is brought directly into the browsing experience? And, perhaps most importantly: How can we effectively safeguard a user’s data, and allow them to configure their own AI models?

In our Leo roadmap–where we outlined how Brave is thinking about Leo and the future of AI integrations within the browser (aka Browser AI)—we pointed out the need to allow users to run models locally, and to configure their own models. Running models locally (i.e. directly on device) ensures that data like conversations, webpages, and writing prompts exchanged with the AI assistant never leave the user’s device. This approach will also open more opportunities for assisting users with their local data while safeguarding end user privacy. Additionally, by allowing users to configure their own AI models, whether running locally or hosted remotely, Brave empowers users to tailor the AI’s behavior, output, and capabilities to their specific needs and preferences.

Your model, your rules

Our first step towards that promise is called “bring your own model” (or “BYOM” for short). This optional new way of using Leo, Brave’s native browser AI, allows users to link it directly with their own AI models. BYOM allows users to run Leo with local models running safely and privately on their own machines. Users will be able to chat or ask questions on webpages (and docs and PDFs) to Leo without their content ever having to leave the device.

BYOM isn’t limited to just local models, either–BYOM users will also have the flexibility to connect Leo to remote models running on their own servers, or that are run by third-parties (e.g. ChatGPT). This opens new possibilities for users and organizations to leverage proprietary or custom models while still benefiting from the convenience of querying the AI directly within the browser.

With BYOM, the requests are made directly from the user’s device to the specified model endpoint, bypassing Brave entirely. Brave does not act as an intermediary and has absolutely no access to—or visibility into—the traffic between the user and the model. This direct connection ensures end-to-end control for the user.

BYOM is currently available on the Brave Nightly channel for developers and testers, and is targeted to launch in full release later this summer. Note that BYOM is initially for Desktop users only.

Getting started Using Local Models with BYOM in Leo

No special technical knowledge or hardware is required to try BYOM. The local LLMs landscape has evolved so fast that it is now possible to run performant local models on-device in just a few simple steps.

For example, consider a hobbyist-favorite framework for running local LLMs: Ollama. The Ollama framework supports an extensive list of local models that range from 829MB to 40GB in size.

You can get started using a local LLM in Brave Leo in two easy steps:

Step 1: Download and install Ollama

First, visit https://ollama.com/download to download Ollama. Select your platform and continue with the download. Once you download and unzip the file, make sure to move the application somewhere you can easily access, such as your computer’s desktop or Application folder. You will have to start the serving framework whenever you want to use the local model.

Next, click the application and wait for it to open, and complete the install steps.

After you complete these steps and click Finish, you’ll be able to run Meta’s Llama 3 model on your machine just by opening your terminal and typing:

ollama pull llama3

You should see that the model manifest and the model are being downloaded (note this step may take a while to complete, depending on the file size and your connection speed). Once the model has been pulled successfully, you can close your terminal.

Llama 3, at 4.7GB for an 8B parameter model, strikes a good balance between quality and performance, and can be easily run on a laptop with at least 8GB of RAM. Other models we found suitable to be run locally are Mistral 7B (by Mistral AI) and Phi 3 Mini (by Microsoft). See the full list of models supported by Ollama.

Now that the model is running locally on your device, no data is being transmitted to any third party. Your data remains yours. 

Step 2: Plug your model into Leo

To add your own local model to Leo, open the Brave browser and visit Settings, and then Leo. Scroll to the Bring your own model section and click Add new model.

You’ll then be brought to a new interface where you can add the details of your model. The required fields are the following:

Label: The name of the model as it will appear in the model selection menu.

Model request name: The name of the model as it should appear in the request to the serving framework, e.g. llama-3 (note that if this name doesn’t match exactly what is expected by the serving framework, the integration will not work).

Server endpoint: The url where your serving framework is “listening” for requests. If you’re not sure, check the serving framework documentation (For Ollama, this is always http://localhost:11434/v1/chat/completions).

API Key: third party frameworks may require authentication credentials, such as an API key or an access token. These will be added to the request header.

Click Add model; your local model should now appear in the Leo model menu. Simply select it to use it to power your browser AI.

Note that while we’ve used Ollama in this section, as we think it’s one of the most user-friendly frameworks to set up and run local models, the BYOM feature can be used with any local serving framework with an exposed endpoint and that conforms to the OpenAI chat protocol.

Using Remote Models (ChatGPT) with BYOM in Leo

To connect Leo to a remote model or a third party API, such as OpenAI API, follow these steps:

Enter https://api.openai.com/v1/chat/completions as the endpoint, and add the name of your desired model (e.g. gpt-4o see model list) in the Model request name field.

Enter your private API key in the Authentication Credentials field to authenticate your requests to the API. The key is then stored safely in your browser.

Note that—at the time of writing—Brave Leo only supports textual input and outputs; outputs of any other modality will not be processed. You can now use Brave Leo with ChatGPT through your OpenAI API account.

If you’re a Brave Nightly user, please give BYOM a try, and let us know what you think on X @BraveNightly or at https://community.brave.com/!


What Manifest V3 means for Brave Shields and the use of extensions in the Brave browser

Brave is committed to maintaining Manifest V2 support, allowing users to keep their favorite extensions functioning beyond the industry-wide deprecation.

In late 2021, Google first announced plans to deprecate Manifest V2 (MV2), the longstanding Chrome extension manifest file format, and force extensions to be built using Manifest V3 (MV3) going forward. What does this mean for Brave users? In short:

Manifest V3 will not weaken Brave Shields in any way

For as long as we’re able (and assuming the cooperation of the extension authors), Brave will continue to support some privacy-relevant MV2 extensions—specifically AdGuard, NoScript, uBlock Origin, and uMatrix

Brave Shields block ads and trackers by default, and they’re built natively in the Brave browser—no extensions required. Since Shields are patched directly onto the open-source Chromium codebase, they don’t rely on MV2 or MV3.

Thanks to this independence, Google’s forced removal of MV2 will not weaken Brave Shields. The filter lists (such as EasyList and EasyPrivacy) we rely on to protect users from invasive ads and trackers are open for community contribution, and we expect the privacy community at large to continue maintaining these lists. Brave’s privacy research and engineering teams will do so as well.

No matter what happens with the deprecation of MV2 and the shift to MV3, Shields will continue to offer better, more stable protection than extensions.

Will MV2 extensions still work in Brave?

Yes, for now. We recognize the importance of supporting existing Manifest V2 extensions. We have force-enabled Manifest V2 support in the Brave browser, ensuring that you can continue to use your favorite extensions without interruption. In June 2025, Google plans to remove all remaining Manifest V2 items from the Chrome Web Store. While Brave has no extension store, we have a robust process for customizing (or “patching”) atop the open-source Chromium engine. This will allow us to offer limited MV2 support even after it’s fully removed from the upstream Chromium codebase.

Which MV2 extensions will work in Brave?

As of now, the MV2 extensions we plan to explicitly support are AdGuard AdBlocker, NoScript, uBlock Origin, and uMatrix. This feature will be best-effort: we might have to modify support based on either Google’s plans or what extension authors ultimately decide to do. If extensions become stale or obsolete, we may remove support for them rather than offer our users an out-of-date (potentially even unsafe) experience.

We’re gradually rolling out a new page in Settings that lists these extensions. Once you have the update, you will see it in brave://settings/extensions.

What’s the issue with Manifest V3?

As a recap, Manifest V3 restricts the blocking capabilities of Web extensions, making it harder for privacy-enhancing extensions such as uBlock Origin to protect users. The privacy community has already begun releasing experimental versions of ad block extensions that are rebuilt from the ground up to meet the new constraints of MV3: AdGuard AdBlocker MV3 Experimental and uBlock Origin Lite are just two examples. And we’ve seen that these experimental versions do block ads and other unwanted Web content. However, MV3 imposes new limitations, such as a cap on blocking rules, the removal of background scripts, and changes around cosmetic filtering. Overall, these new MV3 extensions lean on workarounds to solve problems MV3 itself introduces.

The increased importance of user-first browsers such as Brave

Brave provides best-in-class privacy, no extensions required. We’re also actively working on new features such as procedural filtering, which will give us more flexibility in blocking invasive ads and trackers, ensuring a cleaner and safer browsing experience for our users. If you’re not able to use Brave, browser extensions can be helpful to achieve some (though not all) of Brave’s protections in other, less private browsers. Most ad block developers put a lot of thought and care into the performance and safety of their extensions, and they can provide some additional privacy.

Brave also builds a host of other privacy protections adjacent to ad blocking, such as fingerprint randomization, ephemeral storage partitions, and more; such protections would be impossible in an extension-based solution. By building natively in the Brave browser, we’re saying these features are table stakes, not something that should be offered as an optional add-on.

While Brave will continue to offer limited support for MV2 extensions, the real solution is to use Brave’s industry-leading, native features. All are available by simply downloading the Brave browser.

For more info, you can read Google’s updated timeline for deprecation of MV2.

Wednesday, 26. June 2024

bankless

Is Crypto Still in a Bull Run? | RSA+DH

Is the crypto bull market over? The crypto sentiment has suddenly flipped bearish. The skeptics are saying that the ETH ETF will amount to nothing. Gox will dump on you. There are no new crypto use cases. There’s too much token supply. The bearish list goes on. So what gives? Is this just summertime slowness or is the bull market over? ------ ✨ Mint the episode on Zora ✨ https://zora.co/c

Is the crypto bull market over? The crypto sentiment has suddenly flipped bearish. The skeptics are saying that the ETH ETF will amount to nothing. Gox will dump on you. There are no new crypto use cases. There’s too much token supply. The bearish list goes on. So what gives? Is this just summertime slowness or is the bull market over? ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/21 ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS & RESOURCES 0:00 Intro 1:15 Current Market Sentiment https://x.com/splitcapital/status/1805346083981201775  https://x.com/biancoresearch/status/1805341535967527200  https://x.com/SplitCapital/status/1805349168229367936  https://x.com/cryptobran_/status/1805331025905729983  https://x.com/mrjasonchoi/status/1804107651854594071  https://x.com/tmnxeq/status/1804913082571071679 12:49 ETH ETF is Bearish https://x.com/Rewkang/status/1804735595111211104 16:26 Gox will Dump on You  https://x.com/WatcherGuru/status/1805168222645244311  https://x.com/RyanSAdams/status/1804138577204289900 19:20 No New Crypto Use Cases https://x.com/0xCygaar/status/1801667353207521364  https://x.com/divine_economy/status/1802510497633198565  https://x.com/milesdeutscher/status/1800190273517211699 26:09 Any Bulls Left?  https://x.com/econoar/status/1805447135141544280  https://x.com/milesdeutscher/status/1805249025643581761  https://x.com/fejau_inc/status/1805242741494005780      https://x.com/intangiblecoins/status/1805244957252284916  https://x.com/intangiblecoins/status/1805244973261914582  https://x.com/pythianism/status/1805608579422208061  https://x.com/pythianism/status/1804987849059787113  https://x.com/iamDCinvestor/status/1804998114090389795  https://x.com/cburniske/status/1805308535611502763  https://imgur.com/DXcyjMS 43:27  Closing & Disclosures ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


a16z Podcast

Cybersecurity's Past, Present, and AI-Driven Future

Is it time to hand over cybersecurity to machines amidst the exponential rise in cyber threats and breaches? We trace the evolution of cybersecurity from minimal measures in 1995 to today's overwhelmed DevSecOps. Travis McPeak, CEO and Co-founder of Resourcely, kicks off our discussion by discussing the historical shifts in the industry. Kevin Tian, CEO and Founder of Doppel, highlights the rise

Is it time to hand over cybersecurity to machines amidst the exponential rise in cyber threats and breaches?

We trace the evolution of cybersecurity from minimal measures in 1995 to today's overwhelmed DevSecOps. Travis McPeak, CEO and Co-founder of Resourcely, kicks off our discussion by discussing the historical shifts in the industry. Kevin Tian, CEO and Founder of Doppel, highlights the rise of AI-driven threats and deepfake campaigns. Feross Aboukhadijeh, CEO and Founder of Socket, provides insights into sophisticated attacks like the XZ Utils incident. Andrej Safundzic, CEO and Founder of Lumos, discusses the future of autonomous security systems and their impact on startups.

Recorded at a16z's Campfire Sessions, these top security experts share the real challenges they face and emphasize the need for a new approach. 

Resources: 

Find Travis McPeak on Twitter: https://x.com/travismcpeak

Find Kevin Tian on Twitter: https://twitter.com/kevintian00

Find Feross Aboukhadijeh on Twitter: https://x.com/feross

Find Andrej Safundzic on Twitter: https://x.com/andrejsafundzic

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 


Circle Press

Circle Supports Responsible French & European Innovation

PARIS – June 26, 2024 – Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced that it has joined Adan. Adan, a leading association bringing together professionals in the digital asset and blockchain sector throughout France and Europe, has over 200 member companies and is the largest grouping of Web3 players in France and Europe.

PARIS – June 26, 2024 – Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced that it has joined Adan. Adan, a leading association bringing together professionals in the digital asset and blockchain sector throughout France and Europe, has over 200 member companies and is the largest grouping of Web3 players in France and Europe.


Nym - Medium

NYM for NYM: Swapper app bridges native and ERC20 token

Guide to swapping your NYM easily with new extensions for MetaMask and Keplr Token engagement with the Nym ecosystem is now much easier through a new crypto interface. Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia Nym Swapper is now available! Thanks to the trustless and neutral Gravity Bridge provider, the Swapper allows users to easily excha
Guide to swapping your NYM easily with new extensions for MetaMask and Keplr

Token engagement with the Nym ecosystem is now much easier through a new crypto interface.

Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia

Nym Swapper is now available! Thanks to the trustless and neutral Gravity Bridge provider, the Swapper allows users to easily exchange NYM tokens between MetaMask and Keplr wallets.

Here’s why the new Swapper app makes token economics much easier for Nym community members, mixnet operators, crypto enthusiasts, and the Nym ecosystem as a whole. And of course, Nym has a step-by-step guide to getting it up and running.

NYM Swapper explained Nym Swapper’s here to help

NYM tokens live on two blockchains: native tokens on the Cosmos chain called Nyx, and fungible ERC-20 tokens on Ethereum. While there is a much easier availability of NYM on Ethereum, only native tokens on Nyx can be staked on Nym nodes and be received as rewards for network services. So getting Ethereum tokens over to Nyx for staking, and rewards over to Ethereum, has been an ongoing difficulty for the Nym community.

But no longer! With the Nym Swapper, NYM tokens can now be easily exchanged between the native Nyx (Cosmos) chain and Ethereum. Nym community members no longer need to go through an arduous transfer process. With this new swapper interface, it can be done easily by connecting your MetaMask and Keplr wallet to the web application, thus making NYM tokens more liquid for staking and rewards.

Here’s all you need to know about how to set up the Nym Swapper.

Nym Swapper requirements

Nym Swapper is a stand alone web interface for swapping tokens between MetaMask (Ethereum) and Keplr (Cosmos) wallets, but more wallet integrations are to come! If you do not have these wallets installed, or if they are not detected on your browser, the interface will prompt you to install them.

Nym Swapper: Step-by-step setup Install

Once the wallet extensions are installed, you can then connect these to the swapper to get started.

Connect Wallets

MetaMask will prompt the user to choose which accounts they’d like to connect to the swapper. Users can select multiple accounts if they like, and Nym Swapper will automatically update depending on whatever is selected in MetaMask.

Similarly, you can connect your Keplr wallet and it’ll detect the Nyx address automatically.

Swapping NYM

Swapping from ERC-20 NYM to native NYM on Nyx chain is straightforward. Simply enter the amount you want to swap and click “Accept & Start Transaction.” The swapper will then show your existing Ethereum NYM balance.

If you’re transacting for the first time, or if your NYM tokens are not approved to be spent by the Gravity Bridge contract, a MetaMask prompt will appear asking you to create an approval transaction. This allows Gravity Bridge to interact with your tokens on your behalf.

In order to make this a one-time process and save time in the future, the swapper automatically suggests a high spending cap.

Once the transaction is successful, MetaMask will prompt you to sign another transaction to initiate the transfer of tokens from Ethereum to your Cosmos address. This transaction interacts with the Gravity Bridge contract on Ethereum, locks up the ERC-20 NYM tokens on Gravity Bridge, and unlocks tokens on the native chain.

Once the transaction is signed, the application will track the progress of the transaction and alert you when the transaction succeeds.

Swapping from Native NYM to ERC-20 Connection

First, connect both wallets. This will show the native token balance as well as any fees to be paid, which you should take note of below.*

* Note that Nym does not itself charge users any fees. All the fees displayed are dependent on factors like how busy Ethereum network is and Gravity Bridge’s operating parameters. Unfortunately this is outside of Nym’s control.

Breakdown of Fees

Bridge Fee : The amount of tokens required to incentivise an Ethereum relayer to bridge your Nym tokens to Ethereum. This is used to pay for the gas incurred by the relayer.

Gravity Chain Fee: The payment to Gravity Bridge chain for processing the transaction.

Transfer

The app will prompt you to sign a transaction to transfer tokens from Nyx chain to Gravity Bridge using IBC.

Once the tokens are transferred to Gravity Bridge, the app will automatically detect this and initiate another transaction to send the tokens to Ethereum.

Once the transaction is signed, the web application will wait for an Ethereum relayer to pick up this transaction to be relayed to Ethereum. This can take a few minutes to an hour, depending on availability of relayers. Again, this is a factor outside of Nym’s control.

Completed transaction

Once the transaction is completed and tokens are relayed, the app will report the transaction as complete.

The tokens will now be available in the Metamask wallet.

Move your delegations and rewards

NYM is much more than a cryptocurrency: it’s also a resource in supporting and incentivizing a privacy network for operators and users all over the world. The Nym Swapper makes delegations and rewards reaped from this network easier to manage. There’s no longer a need to tiresome external bridge providers. Do it all yourself in-wallet.

Join the Nym Community

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Privacy loves company

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NYM for NYM: Swapper app bridges native and ERC20 token was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Tuesday, 25. June 2024

Circle Press

Circle’s New USDC.com Website Provides New Resource for USDC Information

Boston, MA – June 25, 2024 – Circle, a global financial technology firm and issuer of USDC, today launched USDC.com, a dedicated website to educate USDC users and those interested in learning more about USDC and where to access it. The website also serves as a resource to access USDC reserve transparency and circulation information. 

Boston, MA – June 25, 2024 – Circle, a global financial technology firm and issuer of USDC, today launched USDC.com, a dedicated website to educate USDC users and those interested in learning more about USDC and where to access it. The website also serves as a resource to access USDC reserve transparency and circulation information. 


Sequoia

AI Compound Lever

The post AI Compound Lever appeared first on Sequoia Capital.
The Compound Lever: AI for Software Engineering

For decades, software has provided the lever to move the world—now AI that can create software is levering that lever.

By Sonya Huang and Pat Grady Published June 25, 2024

In the Generative AI application landscape, a single market category stands out as the Schelling point where many of this generation’s best entrepreneurs have gathered and focused their talents: building the AI software engineer.

There is no shortage of elite teams in this race, and they are approaching the problem from a myriad of angles, from ambitious teams building their own custom cognitive architectures and Droids (e.g. Factory) to researchers building their own foundation models for code (e.g. Magic) to incumbents who have found a formidable second wind (e.g. GitHub Copilot). 

But is this white-hot market worth the hype? Are autonomous software engineers really that magical, or are engineers just doing what they like to do, building tools for other engineers?

We spoke with Matan Grinberg and Eno Reyes of Factory in our latest Training Data episode to better understand what’s at stake. If everything goes right, could autonomous software engineers be the killer app for generative AI? Could it usher in a new golden age of technology?

The dream: compounding Archimedes’ lever

Archimedes famously said, “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.”

For the last several decades, software engineering has been the perfect lever with which to move the world. Thanks to computer programming, we have enjoyed an ever-increasing standard of living: the world’s information searchable at our fingertips; fast and reliable banking anywhere; fashion and commerce from all over the world at our doorstep; medical software that has elevated the standard of living globally.

Matan and Eno challenged us to take this analogy one step further. Software engineering may be the perfect lever with which to move the world, but it is still bottlenecked by supply of talent (there are only 30 million software developers globally, with no quick fix – it takes years to train a non-software engineer to become a coder) and by hours in the day (it takes time to code things up). In other words, we cannot yet create software at the speed of our imagination. 

AI that can create software would be the perfect lever on software itself, which in turn is the perfect lever upon the world. In Matan’s words, AI has a chance to become the greatest compound lever in human history—if we can create autonomous software engineers.

Tracking our progress

In order for AI software engineers to become the ideal compound lever, they first need to actually work. We’re still a ways off—but things are progressing at a very fast pace.

Take, for example, SWE-bench, the canonical benchmark for tasks that the average human software engineer performs. We’ve gone from 1% to 4% to 14% to 19% on this key benchmark in the past 11 weeks.

And SWE-bench is a very general set of problems, drawn from actual GitHub issues in popular open source projects. As Harrison Chase and Eno pointed out in our conversations, when you constrain the software engineering problem to a more specific problem space (e.g., software testing or code review) the success rates are far greater. 

In fact, in some problem spaces the success rates already meet the “good enough” threshold for software engineers.  One example is v0 by Vercel, which allows anybody to create working frontends using natural language, ranging from calculators to SaaS pricing pages. Other examples include AI coding for use cases from database migrations and codebase refactoring to writing API integrations and ETL pipelines.

Implications

With the emergence of AI as a new compound lever, the fulcrum of impact is shifting from “learning code” to “instructing a machine in natural language.”

This means the most critical bottleneck will no longer be the supply of software engineering talent, but the supply of ideas. If AI software engineering fulfills its promise and becomes the ultimate compound lever, then creators with imagination, not developers, may become the scarcest and most valuable resource. We are headed towards a future that is a meritocracy of ideas. 

Recursion: The machine that builds the machine

Let’s assume that AI is on track to build software autonomously—can we push the analogy even further? Can AI build the AI and be a compound lever upon itself? 

There are some encouraging clues that this may just be the case:

In the race to the ARC AGI Prize (next week’s episode), the solution in the lead involves generating thousands of python programs. Similarly, DeepMind famously cracked one of the hardest unsolved math problems through code generation and program synthesis.

If AI becomes a compound lever upon AI—that’s when things will really get wild. (Cue infinite recursions.)

The path ahead

The industry is quickly building Archimedes’ compound lever. We have rapidly scaled from 1% to 19% on SWE-bench, a benchmark that under-states AIs’ actual performance on properly scoped coding tasks. And there are a plethora of highly capable teams attacking this problem from multiple angles.

That said, open questions remain.

How much further can the field run on the current generation of foundation models before needing order(s)-of-magnitude more powerful models, or new techniques (like inference-time compute)?

Moreover, do you need to train your own foundation model to build a human-quality AI software engineer? What about a Jeff Dean-quality software engineer?

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Inference Factory Unleashes the Droids on Software Hosted by Sonya Huang and Pat Grady Podcast Listen “Goldilocks” Agents and Cognitive Architectures By Sonya Huang and Pat Grady Perspective Read LangChain’s Harrison Chase on AI Agents Hosted by Sonya Huang and Pat Grady Podcast Listen Developer Tools 2.0 By Charlie Curnin, Josephine Chen and Stephanie Zhan Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI Compound Lever appeared first on Sequoia Capital.


bankless

The Case for Authoritarianism | Vitalik Buterin & Noah Smith

What if the information anarchy of the internet spells the downfall of liberalism? Economist Noah Smith and Ethereum Founder Vitalik Buterin join us for a fascinating discussion on why Authoritarianism might be the answer to the current information warfare. Yes, you heard that right. We start the episode by defining liberalism, how it has brought excessive polarization and why totalitarianism

What if the information anarchy of the internet spells the downfall of liberalism?

Economist Noah Smith and Ethereum Founder Vitalik Buterin join us for a fascinating discussion on why Authoritarianism might be the answer to the current information warfare. Yes, you heard that right.

We start the episode by defining liberalism, how it has brought excessive polarization and why totalitarianism might be the only solution left. We then steelman the case against this same argument and how blockchains and crypto could play a role in all this.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/20?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

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🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS

0:00 Intro 8:53 Defining Liberalism 21:50 Information Warfare 42:17 Summarizing the Argument 55:09 Could the Thesis be Wrong? 1:11:12 Information Leviathans 1:34:13 The Role of Blockchains 1:38:22 Closing & Disclaimers

------ RESOURCES

Vitalik Buterin https://x.com/VitalikButerin  

Noah Smith https://x.com/Noahpinion  

Noahpinion Blog https://www.noahpinion.blog/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Monday, 24. June 2024

bankless

Why We Should Fight for Freedom of Speech | Greg Lukianoff

Why should we fight for Freedom of Speech? That’s the question that Free Speech Lawyer and Writer Greg Lukianoff helps us answer today. Using first principles, Greg goes deep into the importance of Freedom of Speech, “Free Speech Culture”, what happens to Free Speech when new technologies like the printing press and the internet are introduced, and how all this intersects with blockchains and

Why should we fight for Freedom of Speech?

That’s the question that Free Speech Lawyer and Writer Greg Lukianoff helps us answer today.

Using first principles, Greg goes deep into the importance of Freedom of Speech, “Free Speech Culture”, what happens to Free Speech when new technologies like the printing press and the internet are introduced, and how all this intersects with blockchains and crypto.

------ 🎬 DEBRIEF | Ryan & David Unpacking the Episode: https://www.bankless.com/debrief-the-greg-lukianoff-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/19?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise  

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🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 6:19 Defining Free Speech 15:59 Free Speech Origins 19:43 The Printing Press 37:11 The Constitution 39:50 Free Speech Culture 47:48 What Protects Free Speech 55:57 Generational Differences 1:09:17 Censorship Societies 1:16:29 The Internet 1:21:04 AI & Free Speech 1:23:04 Web2 Censorship 1:27:17 Freedom to Transact 1:36:38 Privacy 1:38:30 How to Get Involved 1:40:49 Closing & Disclaimers

------ RESOURCES

Greg Lukianoff https://x.com/glukianoff 

The Eternally Radical Idea Newsletter https://greglukianoff.substack.com/  

FIRE https://www.thefire.org/  

Support FIRE Today! https://www.thefire.org/donate  

The Canceling of the American Mind https://www.amazon.com/Canceling-American-Mind-Undermines-Threatens-ebook/dp/B0BTZT9PLM/ref=tmm_kin_swatch_0?_encoding=UTF8&sr=8-1  

Free Speech: A History from Socrates to Social Media  https://www.amazon.com/Free-Speech-History-Socrates-Social/dp/1541600495/ref=sr_1_1?sr=8-1  

Revolution in the Age of Social Media https://www.amazon.com/Revolution-Age-Social-Media-Insurrection-ebook/dp/B00GVZJWAM  

Free Speech, The People's Darling Privilege https://www.amazon.com/Free-Speech-Peoples-Darling-Privilege/dp/0822325292  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

Sunday, 23. June 2024

Zcash Foundation

Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until June 30th. The purpose of this poll is twofold:  ZCAP members should check their mailbox for instructions on how to vote. In the past, Helios emails have sometimes been flagged as spam, so if you can’t find the […] The post Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2 appeared

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until June 30th. The purpose of this poll is twofold: 

to fill two seats on the Zcash Community Grants (ZCG) committee, and  to solicit further input from ZCAP regarding the design of a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback.

ZCAP members should check their mailbox for instructions on how to vote. In the past, Helios emails have sometimes been flagged as spam, so if you can’t find the instructions please check your spam folder. 

Elections to the Zcash Community Grants Committee

Members of the Zcash Community Grants (ZCG) committee are elected by the Zcash Community Advisory Panel (ZCAP), and serve a one year term. Two of the current members’ terms are expiring at the end of June. Last month, we invited candidates to express their interest in serving on the committee.

Seven candidates are standing for two seats on the committee. Here is the list of candidates, with links to their candidacy announcements on the Zcash community forum: 

Roosevelt Gordones (gordonesTV on the forum) GGuy Wobbzz Samara Chidi (lisa001 on the forum) Kworks Peacemonger

Last Monday, the candidates took part in a Community Call, during which they introduced themselves and answered questions from the Zcash community. You can watch a recording of the call on Youtube

The poll will be decided by approval voting for two members out of the seven candidates. The poll will close at 09:00 UTC on 1st July 2024. As with previous polls, the election will be decided by approval voting. The two candidates with the most approval votes will become the new ZCG Committee members. They will serve a one-year term, ending on 30th June 2025.

Good luck to all the candidates, and thank you for volunteering to serve on the ZCG committee!

Polling ZCAP on the Design of a Proposal for a new Dev Fund

The results of the first exploratory ZCAP poll indicated support for a new Dev Fund, and majority approval of the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation as potential recipients of a future Dev Fund. 

On the question of how long a new Dev Fund should last, the results were ambiguous, with substantial minority support for both a 1 year and 2 year duration. This aligns with the result of alternative polls conducted by community members. 

As part of this Helios poll, we are asking the following questions: 

Q2: If the Dev Fund is renewed, it:

Should remain 20% of the block reward Should be less than 20% of the block reward Should be more than 20% of the block reward

Q3: If the Dev Fund is renewed, how long should it last for before having to be renewed again?

1 year 2 years

We are also conducting a separate survey to solicit input regarding how the Dev Fund should be allocated between the recipients. 

While Helios is our preferred polling platform, it does not support arbitrary input by poll respondents. In this case, we want to allow ZCAP members to enter percentages to indicate how they believe the Dev Fund should be allocated.  Therefore, we will be using the Jotform platform for this survey.

The Jotform survey will ask the question: What percentage of a new Dev Fund should be allocated to each recipient?

Respondents will be able to enter percentage values to reflect how they believe the Dev Fund should be allocated between the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation (ZF). 

ZCAP members will receive emails directly from Jotform inviting them to register their responses. Those responses will be averaged, and rounded to the nearest whole percentage point to produce an allocation that will form part of the ZIP proposal that the Zcash Foundation will draft and present for the community’s consideration, alongside other proposals. 

Note that ECC has stated that they are open to either (a) allowing the Dev Fund to expire in November, while the community works on a model where development funds flow into a grants pool(s) that are managed in a decentralized way, or (b) extending the existing development fund for no longer than one year.

In the event that ECC declines to accept funding under a proposal that is drafted based on the results of this survey, ZF may adapt the proposal accordingly, taking into account other feedback from our exploratory polling. 

If the community indicates a preference for a two year Dev Fund but ECC will only accept funding for one year, the remaining funds will be assigned to ZCG. 

As previously stated above, the objective of this exploratory Dev Fund polling process is to obtain sufficient insight into the Zcash community’s collective sentiment to draft a Dev Fund proposal that reflects that sentiment, and can be assessed alongside other proposals from ECC and other community members. We expect that there will be a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

Both the Helios poll and Jotform survey will close at 09:00 UTC on 1st July 2024. 

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum

The post Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2 appeared first on Zcash Foundation.

Friday, 21. June 2024

Greylock Partners

Congrats, Rockset!

The post Congrats, Rockset! appeared first on Greylock.

The post Congrats, Rockset! appeared first on Greylock.


Epicenter Podcast

Plurality: How Taiwan Managed to Unite Its People Through Tech - Audrey Tang & Glen Weyl

In a world constantly torn by social division amplified by polarizing scissor statements throughout social media, Taiwan conducted a social experiment aimed at strengthening social unity while also embracing diversity. Plurality details how Taiwan’s Digital Minister Audrey Tang and her collaborators achieved inclusive, technology-fueled growth that harnessed digital tools to provide an antidote to

In a world constantly torn by social division amplified by polarizing scissor statements throughout social media, Taiwan conducted a social experiment aimed at strengthening social unity while also embracing diversity. Plurality details how Taiwan’s Digital Minister Audrey Tang and her collaborators achieved inclusive, technology-fueled growth that harnessed digital tools to provide an antidote to information chaos and warfare. The open-source book is living proof that present global challenges can be solved through democratic solutions that embody a decentralised ethos.

We were joined by Audrey Tang and Glen Weyl, co-authors of Plurality, to discuss the social dynamics they studied and how technology can be used to unite rather than divide.

Topics covered in this episode:

How Audrey & Glen met and Plurality’s genesis Audrey’s journey from civic hacker to Taiwan’s Digital Affairs Minister How democracy is perceived around the world Establishing a co-creating mentality Scissor statements and how to avoid division How Polis works Leveraging Web3 to strengthen democracy & social collaboration Decentralised co-ownership Web3 governance Human facilitators

Episode links:

Audrey Tang on Twitter Glen Weyl on Twitter Plurality Book on Twitter Plurality Institute on Twitter Radical xChange

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


bankless

ROLLUP: ETH Beats SEC! | Trump Coin? | LayerZero Token | ETH ETF Trading Soon

Bankless Friday Weekly Rollup  3rd Week of June 2024 The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF! Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction. And, did Baron Trump really launch a DJ

Bankless Friday Weekly Rollup  3rd Week of June 2024

The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF!

Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction.

And, did Baron Trump really launch a DJT memecoin on Solana? We unpack the latest buzz and drama. Tune in for all the details and so much more!

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/18 ------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

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⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS & RESOURCES

0:00 Intro

2:55 MARKET https://x.com/WhalePanda/status/1802958996392870368  https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows  https://x.com/CryptoDonAlt/status/1802743515941609572  https://www.tradingview.com/chart/?symbol=AMEX%3ASPY  https://x.com/saylor/status/1803763490928119950 

9:35 ETH Price & ETH ETF Going Live  https://x.com/EricBalchunas/status/1801725292404261308 

13:03 Total Crypto Market Cap

13:46 L2Beat https://dune.com/hildobby/blobs  https://dune.com/sealaunch/dex-metrics-on-base?Select+Date+Granularity_ed0f38=week&Select+Timeframe_ed47bb=365  https://imgur.com/YuXZfAv  https://x.com/WazzCrypto/status/1803858912166449480  https://twitter.com/wbnns/status/1803217959479025857    18:40 Combo ETH + BTC ETF https://x.com/NateGeraci/status/1803080047303036971  https://x.com/Matt_Hougan/status/1803767324605886515  https://x.com/matthew_sigel/status/1801342560977190937  https://youtu.be/T2Ur8Dhc3uQ?si=Obqn5eY89sEUEdwi  https://youtu.be/KUMGYEKIiGw?si=fS4pae1N_rr1f0C0  

21:35 AIRDROP Season in full swing Bankless Claimables and AIrdrop Hunter https://www.bankless.com/claimables/reveal  https://x.com/LayerZero_Fndn/status/1803744985029788042  https://www.coingecko.com/en/coins/layerzero  https://x.com/LayerZero_Fndn/status/1803742303204323494  https://layerzero.foundation/claim  https://www.theblock.co/post/300389/zksync-live-mcap-airdrop  https://www.coingecko.com/en/coins/zksync  https://x.com/TheZKNation/status/1802626483770265991  https://x.com/TheZKNation/status/1801378349442269345  https://docs.zknation.io/zk-token/zk-token-faq  https://x.com/nansen_ai/status/1803003153820082270   https://x.com/cobie/status/1803071393484939602 

31:58 MOTHER + DADDY Update  https://www.coingecko.com/en/coins/mother-iggy  https://x.com/IGGYAZALEA  https://x.com/jimcramer/status/1800893795346637193  https://www.coingecko.com/en/coins/daddy-tate 

37:21 What’s going on with $DJT?  https://www.coingecko.com/en/coins/trumpcoin-2  https://x.com/PirateWires/status/1802825492405669930  https://www.newsweek.com/crypto-djt-barron-trump-martin-shkreli-1915147  https://x.com/ArkhamIntel/status/1803161788164288875  https://x.com/ArkhamIntel/status/1803471430727901455  https://x.com/zachxbt/status/1803240784436797871  https://x.com/zachxbt/status/1803371615524364503  https://x.com/jmgramke/status/1803792368388264399  https://x.com/WatcherGuru/status/1803759609808564306  https://x.com/MartinShkreli/status/1803821631279612367 

50:38 U.S. SEC closes investigation in Ethereum! https://x.com/Consensys/status/1803230653120659641  https://x.com/laurabrooksie1/status/1803237492130234633  https://x.com/RyanSAdams/status/1803412140289560849  https://x.com/RyanSAdams/status/1803783619997052977 

54:30 BitWise launches a new Ethereum ad for their incoming ETH ETF  https://x.com/BitwiseInvest/status/1803789737620078875  https://zora.co/collect/base:0x9ada0269656e7855c95f54a34d4ef94f78892038/1 

1:00:12 Kraken exploit for 3m and some drama - vs Certik  https://x.com/c7five/status/1803403565865771370  https://x.com/P3b7_/status/1803479749005549647  https://x.com/tayvano_/status/1803478049280893040  https://x.com/sethforprivacy/status/1803520795735683528 

1:06:34 Donald Trump wants all remaining Bitcoin to be 'Made in USA' https://x.com/intangiblecoins/status/1801771689249787936 

1:08:06 Optimism & Tether Releases https://x.com/Optimism/status/1800974991313469445  https://chain.box  https://x.com/Alloy_tether/status/1802676443781923289 

1:10:45 Bankless ETHCC Meetup https://lu.ma/k0amrrnz 

1:12:10 Who won the ETH ETF Pitch competition?  https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

1:13:45 Another voting for Bankless Nation!  https://www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 

1:15:38 MEME of the Week  https://x.com/PleasrDAO/status/1803572250278514999 

1:16:17 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


Nym - Medium

AI-surveillance won’t save your kids: Chat control rearing its head again

More snake oil lubricating new attempt at mass surveillance in EU The specter of mass surveillance continues to loom over Europe. Despite all the advancements made by the General Data Protection Act (GDPR), getting around data encryption is still a target. Unfortunately it is all too common for violations to our civil liberties to clothe themselves in promises of protecting us from mon
More snake oil lubricating new attempt at mass surveillance in EU

The specter of mass surveillance continues to loom over Europe. Despite all the advancements made by the General Data Protection Act (GDPR), getting around data encryption is still a target.

Unfortunately it is all too common for violations to our civil liberties to clothe themselves in promises of protecting us from monsters. The EU proposal for the “Regulation laying down rules to prevent and combat child sexual abuse” (CSA Regulation, or CSAR) is a stunning case in point. The regulation was once again up for vote in the European Parliament this week. Thankfully it was ultimately postponed yesterday due to the controversy surrounding what privacy advocates are calling possibly “the most criticised draft EU law of all time.”

Screenshot taken on 21 June 2024

CSAR essentially provides web clients with AI-powered surveillance technology to undermine the encryption protecting everyone’s personal files and communications. This is all in the name of combatting child sexual abuse, but don’t be fooled by this wolf in sheep’s clothing. EU citizens are being given a false choice: private communications or sexual predators? Fortunately, many, including those in the Nym core team and community, are speaking out urgently against it.

The Nym team has been closely following the creeping advancement of versions 1.0 and 2.0 of “Chat control” since its inception in 2022. It is once again seeking a discussion and possible vote with deceptively revised language. However, the changes simply dampen the tone of its mass surveillance strategy. This is all just a sleight of hand to try to bypass GDPR commitments to protect end-to-end data encryption. While encryption may be left untouched by CSAR, a more ominous backdoor on encryption is proposed which would carry out an even deeper device surveillance en masse.

Below is what is at stake in the CSAR proposal and why it is such a threat to the online privacy of everyone in the EU and globally.

What is chat control?

The CSAR legislation, which has come to be known by critics as “chat control,” is a regulatory attempt to locate and block the traffic of child pornography and abuse “prior to transmission.” While few should disagree with the objective, experts have been shouting from the rooftops that the proposed regulation will simply not be effective. Worse, it authorizes and enforces a surveillance backdoor into the devices of a whole continent of users.

Client-Side Scanning (CSS)

CSAR’s proposed solution to the problem of child sexual abuse material (otherwise called CSAM) is mass surveillance through Client-Side Scanning (CSS). Rather than compromising encrypted transmissions, it essentially scans data on devices or servers before encryption occurs. This would undermine the security of communications and the principles of end-to-end encryption for everyone.

Encryption is the cornerstone of secure communication. When you do something online through an encrypted connection — sending personal photos to friends or family, or using your credit card online — you can rest reasonably assured that outside parties cannot access or exploit your data. Original CSAR efforts hoped to compel web services to break the encryption protecting the contents of clients’ communications. With encryption broken, all messages could be scanned for targeted material. Fortunately this was met with a huge backlash from civil society and privacy advocates.

What is currently being proposed are CSS technologies which would legally permit and enable web services to scan or “monitor” the files and communications on your device before encryption is even applied. Imagine that Apple is able to regularly scan your iPhoto or iMessenger apps for pre-programmed data points deemed to be a threat. Or that a private communications service is given the legal order to do so. In fact, Signal’s president has even publicly stated that they will withdraw their services from EU jurisdictions rather than allow such a compromise on the security of their users.

Screenshot taken on 21 June 2024 CSS technology “deeply flawed,” scientists say

Any surveillance scanning program needs to search for something particular. The big question is: can it discernibly find its targets without hauling in unrelated data? In the case of CSAR, the stated goal is to scan users’ devices for potential instances of CSAM. This means, for example, photos depicting children nude or sexually, or messages describing such acts. But how would this even work exactly?

Essentially a data analysis program likely powered by AI will be given access to everyone’s unencrypted content on a device or server. The system will flag mass amounts of potential threats based on data points before sending all cases to a human team for verification. This team will then have access to your personal files and communications to determine whether you’ve done anything wrong. Suspicious content or activity will then be forwarded to law enforcement authorities for further investigation.

Researchers have been very vocal in warning of how error-prone this technology can be, both technically-speaking and as a detriment to civil liberties. Imagine a false-positive, where a parent’s personal photos of their children are flagged by an algorithm and then viewed and reviewed by analysts before being passed on to law-enforcement. Data scientists have warned that such “scanning is doomed to be ineffective,” and done on a large scale will create “side-effects that can be extremely harmful for everyone online, and which could make the Internet and the digital society less safe for everybody.”

Timeline

CSAR has been struggling through the EU Parliament since its introduction in 2022. It is back this week with a strategically scheduled discussion under the radar of the recent parliamentary elections. Here’s the key timeline to see its advance, changes, and current status.

11 May 2022: The original CSAR proposition is introduced. June 2022: it was revealed that Hollywood actor Ashton Kutchner had been working with Home Affairs Commissioner Ylva Johansson lobbying for the then called CSAR, to the benefit of Thorn, an organization he co-founded. Thorn sells the AI tools that would be used to scan people’s devices. (Kutchner later stepped down as chairman of Thorn after defending a convicted rapist). 13 April 2023: A report commissioned by the European Parliament on the impact of the CSAR proposal was presented to the EU Parliament’s Committee on Civil Liberties, Justice and Home Affairs. July 2023: Open letter from 465 scientific and research signatories is sent to the EU commission. Scientists warn explicitly against the likely inefficiencies of the proposed technologies and their undermining of “a secure digital future for our society” and “democratic processes in Europe and beyond.” 2 May 2024: New open letter from 312 scientists and researchers in 32 countries is sent to the EU. They reiterate that the language changes to the CSAR proposal will not change “deeply faulty” and dangerous technology. The letter is co-authored by Bart Praneel, privacy advocate, professor, and Nym Tech advisor. 13 February 2024: Ruling by the European Court of Human Rights in Podchasov v. Russia emphasizes the role of end-to-end encryption for “securing and protecting the privacy of electronic communications” and insuring “the enjoyment of other fundamental rights, such as freedom of expression.” 20 June 2024: Discussion and vote on revised CSAR is scheduled after postponement (see item 28 under “Justice and Internal Affairs”). Vote is finally cancelled!

It’s important to note that the CSAR document is a legislative proposition and has no legal effect unless approved by the parliamentary body. Nonetheless, it is important for EU citizens to contact their representatives and protest against these efforts to violate civil liberties.

Legislative language games

How things are expressed in language can have significant effects on us: a luring turn of phrase can make us want something we probably don’t, or turn us off to something that’s really not that bad. Sometimes, phrasing can be so monotonous and abstract that we don’t even notice that what we’re digesting a poison pill.

Enter the CSAR’s latest proposal for “technologies for upload moderation.” When reading through hundreds of pages of parliamentary regulations, phrases like this can easily go unnnoticed, which is exactly what they are designed to do. So what does it mean exactly?

Screenshot taken on 21 June 2024

Let’s break this down.

[1] “Providers of interpersonal communications services” means any web service that handles your digital communications with other people. This is a broad scope. It clearly applies to messaging apps like WhatsApp, even privacy-focused and encrypted ones like Signal. But it also applies to larger companies like Apple which provide photo and messaging services, let alone operating systems.

[2] The legal order of “shall install and operate” this CSS technologies entails that communications services will not only will be able to do so, but that they must (or “shall”).

[3] This is the crux of the matter: detecting the object of surveillance [4] “prior to transmission” means before encryption. Once encryption is in place, detection of any sought after digital material would require breaking encryption, which is not on the table. So this technology amounts to mass device scanning, which only device providers or app and web service operators can perform on behalf of authorities. Since the goal of encrypted data is to protect against third-party access, this technology is essentially a backdoor to encryption.

[4] While the goal of this scanning might well be the detection of CSAM, locating it means that the AI programs first have access to all of our data or communications. First, there is a big difference between “known child sexual abuse material” (for instance, a photo or video already identified by authorities) and “new child sexual abuse material.” With the latter, the capacities of any AI-program are capable of making tremendous errors in distinguishing between child pornography from private family photos with no sexual intent.

So “upload moderation,” which sounds as innocuous as “making sure people only post a reasonable amount of material online,” actually means “AI-enabled data surveillance on all users’ devices before encryption for law enforcement purposes.” Add “untested” and “scientifically improbable and error-prone” to this “technology,” and we’re closer to the truth.

Breaking encryption or taking it from behind?

A lot of the backlash against CSAR has revolved around whether it “breaks” end-to-end encryption for data transmissions. Data encryption was protected by the GDPR and recently reinforced by the recent European Court of Human Rights decision in Podchasov v. Russia (2024). As Meredith Whittaker, the President of Signal, has noted, this amounts to nothing more than a play on language or “rebranding”:

“[M]andating mass scanning of private communications fundamentally undermines encryption. Full stop. […] We can call it a backdoor, a front door, or ‘upload moderation.’ But whatever we call it, each one of these approaches creates a vulnerability that can be exploited by hackers and hostile nation states, removing the protection of unbreakable math and putting in its place a high-value vulnerability.”

By enabling web services who facilitate our data to scan it all on our devices or on their servers before any encryption is applied during transmission is not technically “breaking encryption.” In fact, it’s much worse: a backdoor for automated AI algorithms to serve an intermediary surveillance role in connecting our personal data with authorities.

The CSAR proposition has much contradcitory praise for the value of end-to-end encryption. “[E]nd-to-end encryption,” the CSAR admits, “is a necessary means of protecting fundamental rights and the digital security of governments, industry and society.”

And yet what it is seeking to create would explicitly undermine the same data privacy that data encryption is meant to protect. The surveillance or “monitoring” technology, the proposition makes clear (26a),

“ensures that the detection mechanism can access the data in its unencrypted form for effective analysis and action, without compromising the protection provided by end-to-end encryption once the data is transmitted.”

How surveillance can “access the data in its unencrypted form […] without compromising” end-to-end encryption is a brazen piece of bullshittery.

User consent

Another big change in the CSAR proposal is that users must be asked to consent to these surveillance technologies being used:

“child sexual abuse material should remain detectable in all interpersonal communications services through the application of vetted technologies, when uploaded, under the condition that the users give their explicit consent under the provider’s terms and conditions.”

What does this mean exactly? Any user that does not give their consent to having their data scanned can still use the web service, as long as it “does not involve the sending of visual content and URLs.” This can effectively render many communications services inoperable. So imagine that you want a private messaging app, but the EU forces them to scan your data beforehand, and you refuse for good reason. Since the app also allows the sending of photos and links, you simply can’t use the service.

Conclusion

The vote on CSAR has been postponed, but it is by no means over. The bill will raise its ugly head once again, maybe with further revisions to language that will try to calm the waters to push mass digital surveillance on Europe.

However, what is clear to many is that this sort of mass surveillance will not solve the problem, which is a social problem rather than a technical one. As Bart Praneel, one of Nym’s close advisors, has commented: it’s “unclear why some governments keep pushing for this mass surveillance approach rather than focusing on prevention of sexual abuse of children.”

Harm against children should be prevented through funding of social services and other preventative means. Ella Jukubowska and EDri have been researching real alternatives to the problem of CSAM and child abuse, online and off. Abuse should not be used as a cynical PR stunt to break encryption and compromise the privacy and security of the entire European population in the process. And we should not be willingly allowing governments to violate our rights to privacy out of fear for monsters.

Hopefully this latest delay to vote is a sign that regulators are starting to wake up to this fact.

Nym Dispatch

The Nym Dispatch series deep-dives into the online and social privacy ecosystem. Tune in to learn more about the risks and money-making tactics of the online surveillance economy, starting with the free VPN market. The series will soon cover the logging practices of free VPNs; their deliberately vague consent contracts; how, why, and to whom they sell our data; and their invasive advertising practices.

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AI-surveillance won’t save your kids: Chat control rearing its head again was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Thursday, 20. June 2024

Sequoia

AI’s $600B Question

The post AI’s $600B Question appeared first on Sequoia Capital.
AI’s $600B Question

The AI bubble is reaching a tipping point. Navigating what comes next will be essential.

By David Cahn Published June 20, 2024

In September 2023, I published AI’s $200B Question. The goal of the piece was to ask the question: “Where is all the revenue?” 

At that time, I noticed a big gap between the revenue expectations implied by the AI infrastructure build-out, and actual revenue growth in the AI ecosystem, which is also a proxy for end-user value. I described this as a “$125B hole that needs to be filled for each year of CapEx at today’s levels.” 

This week, Nvidia completed its ascent to become the most valuable company in the world. In the weeks leading up to this, I’ve received numerous requests for the updated math behind my analysis. Has AI’s $200B question been solved, or exacerbated?

If you run this analysis again today, here are the results you get: AI’s $200B question is now AI’s $600B question.

Note: It’s easy to calculate this metric directly. All you have to do is to take Nvidia’s run-rate revenue forecast and multiply it by 2x to reflect the total cost of AI data centers (GPUs are half of the total cost of ownership—the other half includes energy, buildings, backup generators, etc)1. Then you multiply by 2x again, to reflect a 50% gross margin for the end-user of the GPU, (e.g., the startup or business buying AI compute from Azure or AWS or GCP, who needs to make money as well).

What has changed since September 2023? 

The supply shortage has subsided: Late 2023 was the peak of the GPU supply shortage. Startups were calling VCs, calling anyone that would talk to them, asking for help getting access to GPUs. Today, that concern has been almost entirely eliminated. For most people I speak with, it’s relatively easy to get GPUs now with reasonable lead times. GPU stockpiles are growing: Nvidia reported in Q4 that about half of its data center revenue came from the large cloud providers. Microsoft alone likely represented approximately 22% of Nvidia’s Q4 revenue. Hyperscale CapEx is reaching historic levels. These investments were a major theme of Big Tech Q1 ‘24 earnings, with CEOs effectively telling the market: “We’re going to invest in GPUs whether you like it or not.” Stockpiling hardware is not a new phenomenon, and the catalyst for a reset will be once the stockpiles are large enough that demand decreases. OpenAI still has the lion’s share of AI revenue: The Information recently reported that OpenAI’s revenue is now $3.4B, up from $1.6B in late 2023. While we’ve seen a handful of startups scale revenues into the <$100M range, the gap between OpenAI and everyone else continues to loom large. Outside of ChatGPT, how many AI products are consumers really using today? Consider how much value you get from Netflix for $15.49/month or Spotify for $11.99. Long term, AI companies will need to deliver significant value for consumers to continue opening their wallets.   The $125B hole is now a $500B hole: In the last analysis, I generously assumed that each of Google, Microsoft, Apple and Meta will be able to generate $10B annually from new AI-related revenue. I also assumed $5B in new AI revenue for each of Oracle, ByteDance, Alibaba, Tencent, X, and Tesla. Even if this remains true and we add a few more companies to the list, the $125B hole is now going to become a $500B hole.  It’s not over—the B100 is coming: Earlier this year, Nvidia announced their B100 chip, which will have 2.5x better performance for only 25% more cost. I expect this will lead to a final surge in demand for NVDA chips. The B100 represents a dramatic cost vs. performance improvement over the H100, and there will likely be yet another supply shortage as everyone tries to get their hands on B100s later this year.

One of the major rebuttals to my last piece was that “GPU CapEx is like building railroads” and eventually the trains will come, as will the destinations—the new agriculture exports, amusement parks, malls, etc. I actually agree with this, but I think it misses a few points:

Lack of pricing power: In the case of physical infrastructure build outs, there is some intrinsic value associated with the infrastructure you are building. If you own the tracks between San Francisco and Los Angeles, you likely have some kind of monopolistic pricing power, because there can only be so many tracks laid between place A and place B. In the case of GPU data centers, there is much less pricing power. GPU computing is increasingly turning into a commodity, metered per hour. Unlike the CPU cloud, which became an oligopoly, new entrants building dedicated AI clouds continue to flood the market. Without a monopoly or oligopoly, high fixed cost + low marginal cost businesses almost always see prices competed down to marginal cost (e.g., airlines). Investment incineration: Even in the case of railroads—and in the case of many new technologies—speculative investment frenzies often lead to high rates of capital incineration. The Engines that Moves Markets is one of the best textbooks on technology investing, and the major takeaway—indeed, focused on railroads—is that a lot of people lose a lot of money during speculative technology waves. It’s hard to pick winners, but much easier to pick losers (canals, in the case of railroads). Depreciation: We know from the history of technology that semiconductors tend to get better and better. Nvidia is going to keep producing better next-generation chips like the B100. This will lead to more rapid depreciation of the last-gen chips. Because the market under-appreciates the B100 and the rate at which next-gen chips will improve, it overestimates the extent to which H100s purchased today will hold their value in 3-4 years. Again, this parallel doesn’t exist for physical infrastructure, which does not follow any “Moore’s Law” type curve, such that cost vs. performance continuously improves.  Winners vs. losers: I think we need to look carefully at winners and losers—there are always winners during periods of excess infrastructure building. AI is likely to be the next transformative technology wave, and as I mentioned in the last piece, declining prices for GPU computing is actually good for long-term innovation and good for startups. If my forecast comes to bear, it will cause harm primarily to investors. Founders and company builders will continue to build in AI—and they will be more likely to succeed, because they will benefit both from lower costs and from learnings accrued during this period of experimentation. 

A huge amount of economic value is going to be created by AI. Company builders focused on delivering value to end users will be rewarded handsomely. We are living through what has the potential to be a generation-defining technology wave. Companies like Nvidia deserve enormous credit for the role they’ve played in enabling this transition, and are likely to play a critical role in the ecosystem for a long time to come.

Speculative frenzies are part of technology, and so they are not something to be afraid of. Those who remain level-headed through this moment have the chance to build extremely important companies. But we need to make sure not to believe in the delusion that has now spread from Silicon Valley to the rest of the country, and indeed the world. That delusion says that we’re all going to get rich quick, because AGI is coming tomorrow, and we all need to stockpile the only valuable resource, which is GPUs. 

In reality, the road ahead is going to be a long one. It will have ups and downs. But almost certainly it will be worthwhile.

If you are building in this space, we’d love to hear from you. Please reach out at dcahn@sequoiacap.com

Some commenters challenged my 50% assumption on non-GPU data center costs, which I summarized as energy costs. Nvidia actually came to the exact same metric, which you can see on Page 14 of their October 2023 analyst day presentation, published a few days after my last piece. Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI is Now Shovel Ready By David Cahn Perspective Read AI’s $200B Question By David Cahn Perspective Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read AI in 2024: From Big Bang to Primordial Soup By David Cahn Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI’s $600B Question appeared first on Sequoia Capital.

Wednesday, 19. June 2024

Empiria

The Value of Trust in the Data Economy

For humans, the question is always — what’s next? What is the essential resource that will transform the world we live in? Our history is filled with examples of innovation driving progress: From chipping away at the world with stone tools to harnessing the power of fire to spark the Agricultural Revolution; From the power of steam, and bending of steel during the Industrial Revolution, through th

For humans, the question is always — what’s next? What is the essential resource that will transform the world we live in? Our history is filled with examples of innovation driving progress: From chipping away at the world with stone tools to harnessing the power of fire to spark the Agricultural Revolution; From the power of steam, and bending of steel during the Industrial Revolution, through the Age of oil and the atom, to the modern digital era.

So what’s next? To find out what resource will fuel the next revolutionary shift, all it takes is a look around. Spare a thought for our evermore interconnected, increasingly digitalized lives, and the answer becomes clear — it’s data.

Data has become as crucial to us today, as the tools of our ancestors have been to them. It’s the lifeblood of progress, shaping our reality, driving innovation, and transforming societies. Data is the fuel of our present and our future.

And as with every resource increasingly in demand, there will be a “gold rush”. In fact, it’s already happening. Corporations and organizations are fighting tooth and nail for control over our data, AI models are gorging up boatloads of information, and hackers hunt for vulnerabilities in data systems, as data becomes leaked, stolen, and exploited. Why? Because trustworthy, quality data holds immense value. And if you’re not paying attention, you might miss out.

This brings us to the question of who will come out on top in this new data economy. Will all this new “data wealth” become concentrated in the hands of the few, leaving the rest of us to feast on scraps? Or will data become the new currency that benefits everyone? Much of tomorrow’s outcomes depend on our actions today.

Welcome to a new human story chapter, underpinned by data ownership and trust. Welcome to the age of data.

Data Economy: An Overview

You might not realize it, but your activity generates a valuable asset: your data. And as any sought-after asset, it holds value. Think of the data economy as a giant marketplace. Instead of goods and services, the currency is information that can be trusted. Companies, people, and organizations are all participants, generating exchanging, and consuming data to generate economic value.

The Value of Data: Refining The New Currency

Data is the currency of this new economy. However, not all data is created equal. Imagine the data of today as crude oil. Unrefined, locked away in underground pockets, it holds immense potential but is unusable in its raw state. The process of refining oil is critical to unlocking its true value. It needs to be transformed into usable products to power our world.

It’s the same story with data. In its current state, data is like crude oil, unrefined, trapped within the confines of silos, limiting its potential.

For data to have real value, it must be refined. In short, we need to turn it from the crude data of today to the verifiable, interoperable, and decentralized Data Of The Future.

Let’s dive deeper into those qualities:

Verifiability: Data verification is crucial in the data economy, adding a layer of trust to interactions. Verifiability ensures information is trustworthy and accurate, increasing data value.

Interoperability: Data’s value lies in its ability to move freely and be effectively utilized across ecosystems. It needs to be portable, reusable, and securely shareable, breaking free from the confines of closed systems.

Decentralization: The data economy can’t flourish if information remains locked in silos, controlled by intermediaries. Decentralization is the answer, empowering people to own their data while safeguarding their privacy.

Verifiable data ensures trust, interoperable data allows it to be used across platforms, and decentralized data keeps control in people’s hands. Together, these qualities inject even more value into what already is a precious resource.

Data Ownership: The Value Of Your Data In Your Hands

Imagine a world where your data works for you. Today, corporations often collect our data without our knowledge or consent. Individual data ownership in the new data economy changes this. In it, people will hold their data in secure, private, noncustodial wallets, deciding when, and with whom it is shared.

In the data economy, people own their data and are the main beneficiaries of their data value

Moreover, they will become the main beneficiaries of their data value. This could mean receiving personalized educational experiences, securing better insurance rates, or enjoying frictionless travel through data-sharing on your terms. Imagine setting a price for companies to access your shopping habits, or allowing students to share learning data with platforms that offer customized learning paths. Here are a few more examples:

Personalized Offers: People can share specific preferences or purchase history with companies, receiving tailored offers and discounts. In return, they can earn rewards or discounts.

Personal Health Records: People store their health records in verifiable data wallets. When visiting a doctor or participating in a clinical trial, they can securely share their selected health data, ensuring accurate treatment and personalized care.

Employment History and Credentials: People can maintain their employment history, certifications, and academic credentials in verifiable data wallets. When job hunting, they can share this verified data directly with employers, ensuring accurate and efficient hiring processes.

Credit Scores: Instead of relying on third-party credit checks, people can maintain their credit histories in verifiable data wallets. When applying for loans or mortgages, they share this data directly with lenders, ensuring accurate assessments and better terms.

Financial Insights: People can share spending patterns and financial data with budgeting apps or financial advisors, receiving personalized advice while retaining control over their data.

There are many more potential use cases. Verifiable data of the future can generate value for people across industries.

Empeiria: The Catalyst of Data Economy

A shift towards the data economy is only possible when data can be trusted. But how can we ensure the data is trustworthy, without relying on intermediaries and compromising data privacy and security? This challenge of trust is where cryptographic truth comes in.

Cryptographic truth leverages the power of cryptography to establish an irrefutable record of data, guaranteeing its authenticity, and integrity, and allowing for independent verification. This mathematical certainty forms the bedrock of trust in the data economy, enabling secure data exchange and unlocking valuable insights for improved decision-making.

The principle of cryptographic truth is at the core of Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI).

This is why the principle of cryptographic truth is at the core of Empeiria’s technology. Our enterprise-grade End-to-End Verifiable Data Infrastructure (EVDI) enables the deployment of user-centric decentralized data ecosystems underpinned by cryptographic truth. This highly efficient infrastructure liberates data from the restrictive silos, transforming it into verifiable, interoperable, and decentralized data of the future. Empeiria’s infrastructure is also open-source and public, fostering transparency, collaboration, and innovation. Empeiria enables:

Verifiability: Data of the future is data you can trust. This is why our End-to-End Verifiable Data Infrastructure (EVDI) offers an unparalleled fusion of on-chain and on-chain cryptography, guaranteeing absolute data verifiability and privacy, a pivotal element in the age of data ownership.

Interoperability: By adhering to W3C standards such as W3C, DIF, OpenID, and EBSI Empeiria enables data sharing across various data ecosystems and organizational adoption. IBC and EVM compatibility enables a cross-chain data economy. With Zero-Knowledge Proofs, information can be verified without compromising data privacy.

Decentralization: Empeiria empowers you to manage your encrypted data in your noncustodial verifiable data wallet, guaranteeing that your data remains exclusively yours. Our infrastructure is designed to comply with data privacy regulations, facilitating a comprehensive data economy and monetization based on first-person data sharing, eliminating the need for intermediaries.

These pillars enable value creation and exchange for data contributors, owners, and consumers within interoperable, decentralized data ecosystems. With Empeiria, these ecosystems can be deployed effortlessly using our no-code, one-click solution. This simplicity, combined with adherence to emerging standards, paves the way for a new level of institutional adoption.

The Path Forward

The future of the data economy depends on empowering people with data ownership. Empeiria is at the forefront of this revolution. We are crafting an easily deployable End-to-End Verifiable Data Infrastructure (EVDI) that ensures data is verifiable, interoperable, and decentralized. By enabling real-world adoption of user-centric, decentralized data ecosystems, Empeiria paves the way for a future where everyone benefits — a more fair and efficient data economy where the value of your data truly works for you.

Follow Empeiria on Twitter/X, or LinkedIn for the latest news & updates. For inquiries or further information, contact Empeiria at media@empe.io


bankless

Diaries of an ETH Maxi on Wall Street | Sam Jernigan

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years. Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.

Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.

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🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

------ TIMESTAMPS

0:00 Intro 7:47 Defining TradFi 20:05 Ethereum’s P/E Ratio 23:49 Sam’s Background 40:44 Becoming an ETH Maxi 52:57 The State of ETH in TradFi 57:38 ETH Bull Case 1:06:11 The Flippening 1:12:11 ETH ETF 1:19:26 Security vs Commodity Debate 1:24:00 TradFi: Friend or Foe? 1:34:39 Regulation 1:46:07 Closing & Disclaimers

------ RESOURCES

Sam Jernigan on X https://x.com/sjerniganiv  

Sam Jernigan on LikedIn https://www.linkedin.com/in/samjernigan07302015/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠    


a16z Podcast

The Science and Supply of GLP-1s

Brooke Boyarsky Pratt, founder and CEO of knownwell, joins Vineeta Agarwala, general partner at a16z Bio + Health. Together, they talk about the value of obesity medicine practitioners, patient-centric medical homes, and how Brooke believes the metabolic health space will evolve over time. This is the second episode in Raising Health’s series on the science and supply of GLP-1s. Listen to last w

Brooke Boyarsky Pratt, founder and CEO of knownwell, joins Vineeta Agarwala, general partner at a16z Bio + Health.

Together, they talk about the value of obesity medicine practitioners, patient-centric medical homes, and how Brooke believes the metabolic health space will evolve over time.

This is the second episode in Raising Health’s series on the science and supply of GLP-1s. Listen to last week's episode to hear from Carolyn Jasik, Chief Medical Officer at Omada Health, on GLP-1s from a clinical perspective.

 

Listen to more from Raising Health’s series on GLP-1s:

The science of satiety: https://raisinghealth.simplecast.com/episodes/the-science-and-supply-of-glp-1s-with-carolyn-jasik

Payers, providers and pricing: https://raisinghealth.simplecast.com/episodes/the-science-and-supply-of-glp-1s-with-chronis-manolis

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Tuesday, 18. June 2024

Circle Blog

Circle Announces Credits Program

Today, I am thrilled to introduce the Circle Credits Program, our latest investment in developers using Circle’s platform. Early in 2024, I revealed Circle’s intentions to empower early-stage, high-impact builders with grants and bounties that help them build on our platform. As we seek to remove barriers in blockchain development, our new Credits program minimizes a significant deterre

Today, I am thrilled to introduce the Circle Credits Program, our latest investment in developers using Circle’s platform. Early in 2024, I revealed Circle’s intentions to empower early-stage, high-impact builders with grants and bounties that help them build on our platform. As we seek to remove barriers in blockchain development, our new Credits program minimizes a significant deterrent: cost. 


PIVX

Privacy is Normal, Don’t Let Anyone Tell You Differently.

Privacy is Normal, Don’t Let Anyone Tell You Differently. At PIVX, we champion privacy and the freedom to keep your finances private. In a world where governments and banks are increasingly encroaching on our privacy, PIVX stands firm in its belief that privacy is a fundamental right. Amidst growing concerns about governments overreaching and financial institutions aiming to regulate cryptocurre

Privacy is Normal, Don’t Let Anyone Tell You Differently.

At PIVX, we champion privacy and the freedom to keep your finances private. In a world where governments and banks are increasingly encroaching on our privacy, PIVX stands firm in its belief that privacy is a fundamental right.

Amidst growing concerns about governments overreaching and financial institutions aiming to regulate cryptocurrencies, PIVX remains committed to protecting individual liberties. While others argue that privacy must be sacrificed for national security or regulation, PIVX understands that privacy should be the norm, not the exception.

By utilizing advanced cryptographic techniques, including the SHIELD zk-SNARKs privacy protocol, PIVX enables users to conduct secure and anonymous transactions. It ensures that your sensitive financial information remains confidential, providing a higher level of privacy compared to traditional digital transactions. Unlike transactions conducted through banks or other centralized financial systems, where personal information and transaction details are recorded and accessible to authorized parties, PIVX empowers individuals with the freedom to keep their financial activities private.

Privacy is under threat in today’s world, but PIVX serves as a reminder that it’s a fundamental human right. Embrace PIVX to exercise your right to financial privacy, free from unnecessary surveillance and control.

Don’t let anyone tell you that privacy isn’t normal — PIVX believes otherwise.

Find more about PIVX here:
PIVX.org
Discord.PIVX.org
https://x.com/_PIVX

Privacy is Normal, Don’t Let Anyone Tell You Differently. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

ETH to $22k by 2030? | VanEck's Matthew Sigel

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions.  Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutio

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions. 

Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutional portfolios. He also provides interesting analogies and comparisons between ETH and Web 2.0, explaining how VanEck will help traditional investors understand and invest in ETH using these narratives and real market data. 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/16 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:16 VanEck Vibe Check ? 8:11 VanEck ETH 2030 Price Prediction Report  12:31 Last Year’s Report vs. Present Report  15:10 Ethereum Narrative For Retail 19:14 Pitching ETH To Customers 25:15 Parameters For Bear, Base & Bull? 28:49 What If ETH Reaches $154,000  32:31 ETH’s Most Bearish & Bullish Scenarios  33:40 Solana’s MEV vs. ETH’s MEV 41:28  BTC & ETH Allocation In Portfolio  45:59 Can Data Help Matthew Convince Customers? 49:30 $15B In ETF Assets 50:30 Closing & Disclosures 

------ RESOURCES:

Matthew Sigel https://x.com/matthew_sigel 

VanEck https://www.vaneck.com/us/en/  https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target/ 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Monday, 17. June 2024

bankless

CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng

Now that CZ is gone, who’s going to fill his shoes? His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance. We ask him: Who is Richard Teng? What was it like to work with CZ? Why Crypto? What is going on in Nigeria? Bull Market Predictions? If you want to know w

Now that CZ is gone, who’s going to fill his shoes?

His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance.

We ask him: Who is Richard Teng? What was it like to work with CZ? Why Crypto? What is going on in Nigeria? Bull Market Predictions?

If you want to know who’s taking charge in the next era of Binance, this episode is for you. 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-richard-teng-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/15?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:16 Who’s Richard Teng 15:54 The Last 2 Years 24:30 Filling CZ Shoes 34:58 The Future of Binance 48:33 What is Going on in Nigeria? 54:31 Why Crypto? 1:03:33 BNB Chain 1:05:48 Richard Teng’s Routine 1:08:25 Bull Market Predictions 1:14:21 Advice for Investors 1:16:17 User Fund Security 1:19:31 Closing & Disclaimers

------ RESOURCES

Richard Teng https://x.com/_RichardTeng  

Tigran Gambaryan Article https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056  

Binance Proof of Reserves https://www.binance.com/en/proof-of-reserves  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Nym - Medium

Goodbye NymConnect, hello NymVPN

Nym phasing out NymConnect app in advance of coming NymVPN Important changes for NymConnect and mixnet users. Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia In anticipation of the commercial launch of the NymVPN app, Nym will be phasing out the NymConnect interface in four weeks. The SOCKS5 client will remain active for developers and thos
Nym phasing out NymConnect app in advance of coming NymVPN

Important changes for NymConnect and mixnet users.

Languages: Русский // 中文 // Türkçe // 日本 // Française // українська мова // Bahasa Indonesia

In anticipation of the commercial launch of the NymVPN app, Nym will be phasing out the NymConnect interface in four weeks. The SOCKS5 client will remain active for developers and those looking to manually run the proxy through specific applications. By securing all user traffic with the click of a button, the NymVPN app will significantly improve access to the mixnet and give more comprehensive privacy protections for users.

Here’s what you need to know about the transition from NymConnect to NymVPN, as well as the possibility of continuing to use the SOCKS5 client.

NymConnect so far

To date, SOCKS5 has been the proxy protocol for users to access the Nym mixnet through desired applications. NymConnect was designed as the front end graphic interface for the SOCKS5 proxy. NymConnect provided an easy click-and-connect interface for apps such as the Bitcoin Electrum wallet, Monero wallet, Telegram, etc., enabling users of those apps to route their traffic from SOCKS5 via the Nym mixnet. Messages and transactions could be anonymously sent to and received from remote application servers without leaking metadata.

How has this worked until now? When a compatible application is configured with SOCKS5, the TCP data stream from that app is divided into Sphinx encrypted packets before being sent to a network requester authorized by the Nym network. The data packets are then mixed up by the 3-layers of mixnet nodes before being reassembled by the exit gateway.

So far, the NymConnect client has had a number of limitations:

Application Specific: Users must manually configure each application to use NymConnect, specifying the port and IP address each time. Compatibility: It only functions with applications that support SOCKS5. Network: It only supports TCP streams. Maintenance: Over time, NymConnect proved to be too resource intensive for the Nym dev team to maintain. Continuing NymConnect would ultimately slow down more essential work in fine-tuning NymVPN and the mixnet.

In four weeks, NymConnect will be disconnected. Thankfully, the new NymVPN app will not only replace all its functionalities, but also provide click-and-go privacy coverage for all users’ traffic, applications, and network connections. Users and developers will still be able to manually configure Nym’s SOCKS5 client on desired apps.

Benefits of NymVPN

NymVPN is a new client in which users can route all their traffic through the mixnet by default (not just TCP, SOCKS4–5, etc.). There is no longer a need to proxy-configure specific applications or to select network requesters.

NymVPN has a number of other key features:

Choice between advanced privacy through Nym’s 5-hop mixnet mode, or faster connections through its WireGuard 2-hop dVPN mode Choice of entry and exit gateways by country And coming soon, split tunneling to custom configure what traffic uses the mixnet and what bypasses it.

All of this is now possible through a single app.

Goodbye NymConnect, Hello NymVPN

NymVPN is currently in its alpha testing phase for users invited from the waitlist. Sign up today for a chance to test and provide feedback on NymVPN Alpha — there’s still time! Following the alpha testing phase, NymVPN will be launched as the first commercial app to run on the Nym mixnet.

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Goodbye NymConnect, hello NymVPN was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 14. June 2024

Epicenter Podcast

'Ethereum Needs Polygon's Aggregation Layer to Scale' - Brendan Farmer & Sandeep Nailwal

As more and more L2s launch promising to scale Ethereum, they end up competing for the same market share, userbase and liquidity. Apart from this harsh reality, crosschain interactions should be as seamless as possible in order to bridge different L2 ecosystems. Polygon envisions a scalable future in which various zero knowledge rollups post their proofs on an aggregation layer before settling on

As more and more L2s launch promising to scale Ethereum, they end up competing for the same market share, userbase and liquidity. Apart from this harsh reality, crosschain interactions should be as seamless as possible in order to bridge different L2 ecosystems. Polygon envisions a scalable future in which various zero knowledge rollups post their proofs on an aggregation layer before settling on Ethereum, thus lowering latency and transaction costs as crosschain interactions take place expeditiously, without involving the L1 mainnet.

We were joined by Sandeep Nailwal & Brendan Farmer, to discuss Polygon’s aggregation layer and how it aims to solve the current fragmentation of Ethereum L2 scaling solutions.

Topics covered in this episode:

Polygon’s ZK expansion and the acquisition of Mir Protocol Polygon’s aggregation layer Block building between different L2s Shared sequencing & asynchronous sequencing Security guarantees of the aggregation layer Sequencer decentralisation & censorship resistance Chains using Polygon’s aggregation layer Pessimistic proofs Can optimistic rollups be included in the aggregation layer? Type 1 prover and Plonky3 The evolution of ZKP systems Ensuring ZK rollup integrity The future of scalability

Episode links:

Sandeep Nailwal on Twitter Brendan Farmer on Twitter Polygon on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


Panther Protocol

Why asset managers should care about privacy

Proprietary investment strategies have always been among the most closely guarded secrets in finance. Traditionally, these strategies were protected by the nature of how trades are transacted, giving brokers and financial institutions the ability to leverage their proprietary strategies to their advantage. The rise of blockchain and decentralized finance (DeFi)

Proprietary investment strategies have always been among the most closely guarded secrets in finance. Traditionally, these strategies were protected by the nature of how trades are transacted, giving brokers and financial institutions the ability to leverage their proprietary strategies to their advantage. The rise of blockchain and decentralized finance (DeFi) has introduced a new level of transparency. This openness, while fostering trust, poses significant risks as it exposes sensitive trading patterns and strategies to public scrutiny.

Exposure of investment strategies

In traditional finance, investment strategies are often the real value of what is being provided to the client or fund. Hedge funds, asset managers, and brokers invest significant resources into developing proprietary trading strategies that provide them a competitive edge. However, in the realm of blockchain and decentralized finance (DeFi), the inherent transparency of public ledgers poses a significant threat to these proprietary strategies.

Every transaction on public blockchains like Ethereum and Bitcoin is recorded in a publicly accessible ledger. While this transparency promotes trust and verification, it also means that anyone can analyze transaction data to uncover trading patterns and strategies. This exposure can be detrimental to asset managers,  brokers and financial institutions that rely on the confidentiality of their trading methods.

Blockchain analytics tools such as Nansen have made it increasingly easy to scrutinize and interpret blockchain data. Nansen, for instance, labels and analyzes millions of wallet addresses, providing insights into the activities of various market participants. These tools can track large transactions, identify trends, and even link transactions to specific entities. For asset managers, this means that their trades can be monitored, virtually in real-time. It’s possible that their strategies could be reverse-engineered by competitors or malicious actors.

When proprietary trading strategies are exposed, the risk of financial loss increases substantially. Competitors can replicate successful strategies, diluting competitive advantage. Worse still, malicious actors can engage in counteracting strategies such as front-running, where they anticipate trades and execute their own trades in advance to profit from the price movements triggered by the asset manager’s transactions.

For example, if an asset manager plans to purchase a large amount of a specific cryptocurrency, front-runners can detect the initial buying activity and buy the cryptocurrency themselves, driving up the price. By the time the purchase is complete, the price has increased, causing the asset manager to pay more than intended. Once the asset manager’s purchase is complete, the front-runners can sell their holdings at a profit, leaving the asset manager at a disadvantage.

In addition to financial losses, the exposure of investment strategies undermines the trust and credibility of asset managers and other financial professionals. Clients expect their asset managers, brokers and other advisors to maintain the confidentiality of their strategies and transactions. If asset managers cannot guarantee this privacy, they risk losing clients to non-crypto or private alternative investments. 

Front-running

One of the most significant issues that comes with transparent blockchain ledgers is front-running. Front-running occurs when malicious actors observe patterns that suggest an impending transaction is coming and execute their trades ahead of it to capitalize on the expected price movement. For example, if an asset manager intends to buy a large amount of a particular token, front-runners might detect the client’s typical pre-cursory activity and purchase the cryptocurrency first. This buying activity drives up the price, and by the time the transaction is completed, they end up paying a higher price than anticipated. The front-runners then sell their holdings at the increased price, profiting from the transaction while the portfolio suffers from the inflated costs.

This lack of privacy not only results in financial losses but also erodes your ability to execute effective trading strategies. With open blockchains, competitors can analyze trading patterns, replicate successful strategies, or even devise counter-strategies that exploit your clients’ positions. This constant surveillance can lead to a loss of competitive edge, as asset managers, brokers and others are unable to maintain the secrecy of their clients’ strategies. 

MEV Bots

MEV (Maximal Extractable Value) bots underscore the importance of privacy in the trading strategies used by asset managers. These bots are sophisticated algorithms that monitor blockchain networks for pending transactions and exploit opportunities to extract additional value. By analyzing transaction data in real-time, MEV bots can execute trades such as arbitrage, front-running, and sandwich attacks, allowing them to profit from price discrepancies and transaction sequencing. The transparency of blockchain networks, while beneficial for trust and verification, makes it easier for these bots to operate, emphasizing the necessity of maintaining transaction confidentiality for all users, but asset managers who engage in high volume or high frequency trades on behalf of clients may be at higher risk. According to Flashbots, MEV bots extract around 500M USD off Ethereum alone per year. 

Options are limited

As of this writing, your options as an asset manager are limited if you wish to preserve your privacy and that of your clients. Many of today’s best-known privacy-enhancing technologies can create regulatory issues. For example, the virtual currency mixer Tornado Cash was infamously sanctioned by the U.S. Treasury and faced investigations and actions from other regulators around the world, due to its involvement in illicit activities. Regulators recognize that there is an opportunity for privacy-enhancement for DeFi trading, and are calling for innovations that can simultaneously preserve the privacy of users while also enabling AML/CFT obligations. It is worth noting that Panther Protocol is being built to address this challenge.  

Panther Protocol

Panther’s cutting-edge decentralized privacy protocol will empower enterprises with customizable, private operating environments to manage portfolios and assets. Leveraging Zero-Knowledge proofs and a proprietary Multi-Asset Shielded Pool (MASP) design, Panther Protocol will deliver a suite of features that provide unparalleled privacy, security, and compliance support for public on-chain transactions. 

Benefits For Asset Managers (In development) Private Portfolio Management Supports confidential client portfolio management, ensuring transaction details and holdings remain private, maintaining investor confidentiality. Custom Investment Strategies Tailored investment access with specific DeFi applications and asset lists, optimizing returns while adhering to client risk profiles. Compliance and Reporting Encrypted data storage for transactional details, simplifying compliance and reporting processes with secure transaction detail exports. Conclusion

The transparency of blockchain technology presents both opportunities and challenges for asset managers and financial institutions. While it promotes trust and accountability, it also exposes proprietary strategies to potential competitors and malicious actors. This exposure necessitates that asset managers take steps to enhance their privacy measures and stay vigilant against threats like front-running. Navigating this landscape requires balancing the benefits of blockchain transparency with the need to protect confidential trading strategies.


bankless

ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade

Bankless Friday Weekly Rollup  2nd Week of June 2024 ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x9171d31d50857506ebf5c2f20e5690a126ea6687/2  ------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise    ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

Bankless Friday Weekly Rollup  2nd Week of June 2024

------ ✨ Mint the episode on Zora ✨

https://zora.co/collect/zora:0x9171d31d50857506ebf5c2f20e5690a126ea6687/2 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:31 Markets

8:20 Gary G Says ETH ETF Approval “Sometime in Summer” https://x.com/tier10k/status/1801261940615848004 

9:19 L2 Update

11:04  The Fed expects to cut rates just once this year https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 

15:41 Will BTC ETF follow the gold ETF success path?   https://x.com/hongkim__/status/1799442365892985257 

20:48 ZKSync introduced ZK token  https://x.com/TheZKNation/status/1800424206129357194  https://app.aevo.xyz/perpetual/zk  https://x.com/eekeyguy_eth/status/1800461976969035910  https://blog.zknation.io/zk-token/  https://zknation.ghost.io/content/images/2024/06/points.png  https://x.com/LibraryDefi/status/1800589632909832509  https://x.com/Gautamguptagg/status/1800539906923733397  https://x.com/Gautamguptagg/status/1800539906923733397  https://x.com/TheZKNation/status/1801020410563060031  https://x.com/TrustlessState/status/1801024526001815616  https://x.com/TrustlessState/status/1800758353511207103 

36:46 Speaking of Airdrops: Taiko launched their TAIKO token  https://x.com/taikoxyz/status/1798336750668136851  Find out whether you are eligible via Claimables!  https://bankless.cc/3Jte55n  

38:33 Optimism’s fault proofs are live!  https://x.com/l2beat/status/1800530188171674070  https://x.com/VitalikButerin/status/1800547329931620625 

49:23 Pectra is about to became the biggest upgrade of Ethereum history:  https://x.com/sassal0x/status/1798869850200412383 

55:34 Symbiotic introduced their restaking platform  https://x.com/symbioticfi/status/1800530004776022493 

59:29 Eigen Labs acquired Rio Network  https://x.com/eigen_labs/status/1800888626642899321 

1:01:41 Crypto:The Game was acquired by Uniswap!  https://x.com/cryptothegame_/status/1800199946739822594 

1:06:28 PleasrDAO releases the WuTang Album https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/  https://www.thealbum.com/ 

1:09:12 Terraform Labs agreed to pay SEC $4.5B!  https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/  https://x.com/TrustlessState/status/1800955721955283053     

1:11:44 Alchemy introduced platform for building rollups  https://x.com/alchemyplatform/status/1798747911226040679 

1:13:03 New Paradigm Fund https://x.com/matthuang/status/1801283717664526835 

1:14:41 The Daily Gwei  https://www.youtube.com/@TheDailyGwei/videos   https://x.com/thedailygwei   https://x.com/sassal0x  https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565  

1:15:49 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


a16z Podcast

The State of AI with Marc & Ben

In this latest episode on the State of AI, Ben and Marc discuss how small AI startups can compete with Big Tech’s massive compute and data scale advantages, reveal why data is overrated as a sellable asset, and unpack all the ways the AI boom compares to the internet boom.   Subscribe to the Ben & Marc podcast: https://link.chtbl.com/benandmarc   Stay Updated:  Let us know

In this latest episode on the State of AI, Ben and Marc discuss how small AI startups can compete with Big Tech’s massive compute and data scale advantages, reveal why data is overrated as a sellable asset, and unpack all the ways the AI boom compares to the internet boom.

 

Subscribe to the Ben & Marc podcast: https://link.chtbl.com/benandmarc

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Thursday, 13. June 2024

Horizen - Blog

ZenIP 42406: EON and $ZEN Migration – High Level Overview

On June 6th, the official ZenIP for the technical roadmap of the migration of $ZEN and EON went live on Discourse, there’s a lot to cover on it, so we wanted to provide a high level overview of the proposal and what it means for the Horizen Ecosystem.  At a high level, Horizen ($ZEN) and […] The post ZenIP 42406: EON and $ZEN Migration – High Level Overview appeared first on Horizen Blog

On June 6th, the official ZenIP for the technical roadmap of the migration of $ZEN and EON went live on Discourse, there’s a lot to cover on it, so we wanted to provide a high level overview of the proposal and what it means for the Horizen Ecosystem. 

At a high level, Horizen ($ZEN) and EON are currently built on older technology stacks. The Horizen Mainchain is a fork of the Bitcoin C++ codebase with a block time of 2.5 minutes, while EON is written in Scala based on the Scorex SDK with an 18-second block time. To address the limitations of these legacy systems and align with the vision of Horizen as a home for ZK and an enduring utility for $ZEN, Horizen Labs is proposing to migrate to EON 2.0.

Key Points EON 2.0 will be a fully-compatible EVM. This includes backward compatibility to provide a smooth transition for existing $ZEN holders and EON developers, including incentives, emissions, staking, partner integrations, exchange continuity, and EVM compatibility. This means that existing smart contracts on EON will be transitioned over, including $ZEN in current liquidity pools. This is a technical ZenIP, laying out the technical roadmap for the migration mechanics for $ZEN and EON. Tokenomics are not in scope for this ZenIP. Topics such as allocations and emissions are explicitly excluded since they will be covered in greater detail in a separate proposal. It will be a snapshot-based migration, where comprehensive state snapshots of both EON 1.0 and Horizen will be taken to ensure a seamless transition to EON 2.0. We will provide the ability for anyone to independently verify the integrity of both snapshots. For Mainchain $ZEN, there will be a claim process overtime, where eligible users can claim their old Mainchain $ZEN by proving the ownership of their address. As for $ZEN on EON, it will not require any claim, since balances will be migrated with the state snapshot. EON 2.0 will be built using the Substrate framework (written in Rust) with tight integration with the zkVerify protocol (which is also built on Substrate) for fast and cost-efficient verification of zk proofs. Specifically, EON 2.0 will be a parachain connected to the zkVerify Relay Chain. It is not associated with the Polkadot ecosystem. Visual Representation of the Migration Proposal

Voting Timeline

Voting for ZenIP 42406 will start on Tuesday, June 18th, 2024 at 12pm EST and end on Friday, June 21st, 2024 at 12pm EST. The snapshot will be taken as soon as the vote goes live. In order to prepare for the vote, please be sure to follow our instructions here: https://blog.horizen.io/how-to-vote-on-zenips-using-your-staked-zen/

Frequently Asked Questions What will be the consensus of the new EON chain? Delegated Proof of Stake Same as the previous EON chain Is $ZEN going to be the block reward on the new chain? Yes, but allocations, emissions, and tokenomics are not covered in this technical ZenIP, but in a separate and dedicated proposal.  If there are no forger nodes, will there be some other type of staking? Yes there will be staking on EON collators.  What will be EON’s connection to zkVerify? EON 2.0 will integrate tightly with the zkVerify protocol, ensuring fast and cost-efficient verification of zk proofs.  zkVerify will operate as its own relay chain. EON 2.0 will also utilize the substrate framework as a parachain to zkVerify.  What will happen to the Horizen mainchain? It will be deprecated. What will happen to my mainchain $ZEN? $ZEN will be the native token for EON 2.0 A comprehensive snapshot will be taken.  Eligible users can claim their $ZEN through a claiming mechanism over time.  How will exchanges support this deprecation and migration? We will work closely with exchanges to coordinate a seamless upgrade.  How will forger nodes migrate? They will migrate to EON collators, migration steps will be provided. What will happen to Super Nodes? They will migrate to EON collators Will be rewarded based on the blocks that they are chosen to forge.  What wallet will I have to hold ZEN in? What will happen to Sphere? MetaMask will be used to store $ZEN, Sphere will be deprecated.

As always, we remain available in the Horizen Discord for any community questions, comments, or concerns, please do not hesitate to reach out to us!

The post ZenIP 42406: EON and $ZEN Migration – High Level Overview appeared first on Horizen Blog.


Nym - Medium

Botnets and backdoors: The free VPN trojan horse

Free VPNs used in massive botnet that exploited millions of devices Languages: Türkçe // 日本 // Française // українська мова // Русский Imagine being accused of a cybercrime. You don’t know much about the internet, and even less about crime. And then suddenly, a mountain of digital forensics and cybersecurity comes crashing down on you. The police confiscate your devices and scour throu
Free VPNs used in massive botnet that exploited millions of devices

Languages: Türkçe // 日本 // Française // українська мова // Русский

Imagine being accused of a cybercrime. You don’t know much about the internet, and even less about crime. And then suddenly, a mountain of digital forensics and cybersecurity comes crashing down on you. The police confiscate your devices and scour through every inch of your digital life. Your computer and its unique IP address, the authorities finally tell you, are responsible for fraud in the five-digit range. Or maybe they say you’ve done something even more incomprehensible. Either way, you’re left to navigate a legal hell to try to clear your name of a crime you don’t even understand. This nightmare can be all too real for many internet users.

Just weeks ago, an international operation led by the U.S. Justice Department (DoJ) took down an extensive global botnet called 911 S5. Over the course of a decade, what the DoJ calls “likely the world’s largest botnet ever” had infiltrated 19m unique IP addresses in almost 200 countries. Access to compromised devices was then sold to criminals to commit cyberattacks, theft, fraud, and to cloak illicit activities behind the IPs of unsuspecting users.

A key point in this story is that the botnet used backdoors designed into six free Virtual Private Network (VPN) softwares which, in addition to being functioning VPNs, were also malware. Following the arrest of the alleged botmaster, the Federal Bureau of Investigations (FBI) released a public service announcement (PSA) warning users to uninstall the VPNs and to scan their systems for the malware files that opened the gates of their systems to criminal exploitation.

In the first installments of the Nym Dispatch, we will be focusing on the risks in using “free” VPN services. As we will investigate throughout the series, many free VPNs can pose real threats to user privacy and security, and they almost always contain invasive practices like targeted advertising. This is the complete opposite of the main reason users turn to a VPN: genuine privacy, security, and anonymity online. The 911 S5 botnet should be a wakeup call, but the problem goes much deeper.

ProxyGate 2024: A multi-billion dollar trojan horse

A botnet is a network of compromised devices which can be remotely controlled by a central entity. Once infiltrated, the devices can then be used to perform malicious activities behind the backs of their operators, such DDoS attacks, spam distribution, fraud, or disseminating exploitative material like child pornography.

With the 911 S5 residential proxy network in place and powered by 150-servers worldwide, the botmaster sold access to tens of millions of IP addresses through a virtual marketplace. Purchasers then used these IPs to perform a wide range of illicit activities, most notably defrauding the U.S. government’s pandemic aid program of billions of dollars through fake applicant claims.

How was an operation of this scale possible in the first place? According to the DoJ’s court order of 10 May 2024, the suspect installed backdoor access to users’ devices principally by offering their own “VPN software for free online” and hiding “the malicious properties from those users that intentionally downloaded what they believed to be a legitimate VPN program.” The malware was also spread through torrenting software and “pay-per-install services” in which digital distributors are paid every time a malware-bundled program is successfully installed on a user device.

The 911 S5 marketplace was allegedly taken down by investigators in 2022 before reemerging as “Cloudrouter” in 2023. However, the malware continued to operate on users’ systems without any further intervention until the FBI’s aptly-titled “Operation Tunnel Rat” finally took down the VPN domains and outed the names of the VPN programs publicly.

At the time of his arrest on 24 May 2024, the alleged botmaster, according to government estimates, had alone amassed $99M in profits from selling IP access. An astonishing $5.9B was defrauded from the U.S. government’s pandemic and unemployment aid programs. The losses, pain, and confusion suffered by millions of unwitting individuals worldwide has yet to be heard.

The free VPN backdoor

Six VPN and proxy services are claimed to be responsible for providing backdoors for malware infections in the 911 S5 botnet:

MaskVPN DewVPN PaladinVPN ProxyGate ShieldVPN ShineVPN

What exactly do we know about them? As expected, surprisingly little. The indictment does make clear that these VPN services were designed specifically for the purposes of constructing the botnet. The malware remained active in the background of users’ systems as innocuous seeming .exe operation files, such as “MaskVPN.exe,” which users likely assumed were protecting them. If anything, the lack of information to be found on these VPNs downloaded by millions of users is a telltale sign of how unregulated and unscrutinized the free VPN industry is.

The above VPN services that maintained actual domains have been seized by the FBI, including PaladinVPN.com, DewVPN.com, and ShineVPN.com. The dummy domain for MaskVPN remains active as maskvpns.com, promising that you, the lucky users, can “can secure and leak proof [sic] to protect your privacy.”

Screenshot of paladinvpn.com homepage on 10 June 2024.

As of publication, many apps bearing the names of the above services are still available to download from Google Play, Apple, and other app stores, such as ShieldVPN, ShineVPN, and MaskVPN, with some like Shine VPN listing as many 500k+ downloads on Google Play. However, Nym has not confirmed whether these apps in fact correspond with those listed in the court order or rather to other homonymous providers. The ProxyGate proxy server, which has been long flagged for malicious activity by security reporting firms and forums, also appears to still be downloadable as ProxyGate VPN, though it is unclear whether this app corresponds with the 911 S5 botnet.

We will have to wait for more details on the operations of these specific VPN services, which platforms distributed them, and exactly how many users downloaded them over the years. But there are crucial questions we should be asking in the meantime:

How did the malware functions of these VPNs go undetected for so many years? What other clandestine functions are other VPN freewares on the market currently engaged in? How many privacy violations and security risks are we willing to accept to save a few dollars every month when we could be investing in a genuine privacy tool? Free VPNs risks

It is estimated that more than one-fifth of people globally are using VPNs, and that half are using a free version rather than a paid one. What does this mean for the privacy of 600 million VPN users worldwide?

In principle, there is nothing wrong with a “free” service. And there are in fact reliable VPN service providers that offer privacy-preserving VPNs at no cost and as a public good. But the predominant business models for the hundreds of free VPNs available for download are anything but altruistic: if there is no revenue from user subscriptions, then they surely make their money in other ways.

As we will see in Nym’s ongoing series, this hidden revenue comes from a number of tactics: targeted and inserted advertising, selling user data to brokers, and even permitting third parties to install cookies on user browsers to track their activities. In short, free VPNs market privacy, but they profit from surveillance. And the target of this surveillance is not wrong-doing, but the micro-details of our personal lives.

The free VPNs behind the 911 S3 botnet, however, show a much more extreme security risk: the hijacking of our devices and identities by a criminal underworld. Of course, these malicious VPN services were only a few of the hundreds of “free” VPNs available for users to download, and they are likely some of the worst actors on the market. But the risk potential made clear in this case, with financial losses in the billions of dollars for users and institutions, needs to be taken seriously.

Nothing comes for free

Pretty much every VPN markets itself as a tool to protect user privacy by virtue of the fact that it masks our true IP addresses. Many users might think this is sufficient for their needs. But they also may not be aware of the extent to which the metadata of their personal activities online are being harvested and bought and sold en masse. What’s the use of IP address cover when our whole browsing histories can be reconstructed by AI-powered algorithms?

Combatting these data collection and exploitation practices is not simple, and it is reasonable that advanced VPN technology designed specifically to protect your privacy would require some degree of user investment. Afterall, if someone offered to install a free camera-security system in your home, would you welcome the technicians in without second thought?

When any software is offered for free, there are likely hidden costs. These costs could be as simple as a slower or more limited VPN service. But usually the costs aren’t as palatable, such as advertising injected into your browsing experience which is customized through an algorithmic analysis of all your online habits. Worse is the fact that these very same metadata records are regularly being sold to a vast underground market hungry for IP and email addresses, traffic logs, and individual behavior patterns. And now, there’s the real possibility that a free VPN has long-turned your computer into a zombie proxy for child pornographers or fraudsters.

Genuine online privacy should be a fundamental right, but the reality is it’s an ongoing battle. Winning it for everyone globally means first being vigilant against real threats like 911 S5, and also choosing the proper tools to defend ourselves. Free VPNs are not these tools.

Learn more about current threats to privacy by following Nym dispatches!

Nym Dispatch

This is the first article of the Nym Dispatch series which deep-dives into the online and social privacy ecosystem. Tune in to learn more about the risks and money-making tactics of the online surveillance economy, starting with the free VPN market. The series will cover the logging practices of free VPNs; their deliberately vague consent contracts; how, why, and to whom they sell our data; and their invasive advertising practices.

Botnets and backdoors: The free VPN trojan horse was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin!  The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin. ------ 🎬 DEBRIEF | Ryan & David

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin! 

The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin.

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-robin-linus-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/14?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 5:03 Who is Robin Linus? 10:20 Why Bitcoin? 16:19 Bitcoin Needs to Scale 22:15 BitVM Eureka Moment 24:31 The State of BitVM 27:19 BitVM vs Ethereum Rollups 33:45 How Does BitVM Work? 46:07 BitVM Critiques 55:07 The Bitcoin L2 Space 59:33 The BitVM Endgame 1:03:07 The Future of Bitcoin 1:07:09 Closing & Disclaimers

------ RESOURCES

Robin Linus https://x.com/robin_linus  

Robin Linus Website https://robinlinus.com/  

BitVM https://bitvm.org/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Brave Browser

Leo, Brave’s in-browser AI assistant, now incorporates real-time Brave Search results for even better answers

Leo—Brave's in-browser AI assistant—is now even more useful thanks to its integration with Brave Search.

Leo—Brave’s in-browser AI assistant—is now even more useful, thanks to its integration with Brave Search. With today’s release, Leo can incorporate search-augmented responses into its answers, powered by the Brave Search API. This new integration allows Leo to provide more accurate and up-to-date answers, especially for queries related to current events or topics where the initial language model training may be outdated or lack full context.

Brave Leo with Brave Search results is now available to desktop users with today’s 1.67 browser update, and will be coming to mobile platforms very soon. 

The benefits of real-time Web data in your AI assistant, and how to get started

There are countless instances where you might need real-time information incorporated into your conversation with Leo. For example, if you ask Leo about upcoming events like concerts or sporting events, it can now reference Brave Search results to supplement its response with the timeliest news and information. Or, if you’re researching a complex topic like financial markets, Leo can weave in current data and insights from credible sources to give you a well-rounded perspective.

Importantly, any Leo response that incorporates search results includes links to Brave Search to explore more results, and in an upcoming release will also include links to the sources used to inform the answer. This helps you understand the source of the answers you receive, and fact check before you proceed.

Asking Leo “What are the latest reviews for Inside Out 2?”

Asking Leo “When is Game 4 of the NBA Finals?”

Asking Leo “What’s happening with the stock market today?”

Ready to try Brave Leo? It’s easy: Simply open the browser, begin typing in the address bar, and click “Ask Leo”. For the on-page chat experience, desktop users can click in the sidebar, while mobile users can tap “…” (iOS) or “⋮” (Android) and then tap Leo to get started.

While Leo’s search integration provides valuable context, it’s still important to verify information from third-party sources, especially for critical topics. Brave encourages users to think critically and fact-check key claims against authoritative sources. For this reason, answers that incorporate information from Brave Search are clearly labeled, and include a link to a search results page (SERP) where you can investigate further.

AI assistance that’s both smart and privacy-protecting

By seamlessly blending contextual search results into natural conversations, Leo offers a uniquely powerful yet privacy-preserving AI experience. Chats with Leo are private and secure. Leo never uses your chats for model training and no account or login is required to use Leo. Additionally, Leo includes some specific privacy protections, including:

Reverse proxy: All requests are proxied through an anonymization server so the request and user cannot be linked. Brave cannot associate the user request with their IP address.

Responses discarded: Conversations are not persisted on Brave’s servers. We do not collect identifiers that can be linked to you (such as IP address). Responses generated with Brave-hosted models are discarded after they’re generated, and not used for model training; no personal data is retained by Brave-hosted AI models.

No login or account required for access for the free version: Users do not need to create a Brave account to use Leo.

Unlinkable subscription: If you sign up for Leo Premium, you’re issued unlinkable tokens that validate your subscription when using Leo. This means that Brave can never connect your purchase details with your usage of the product, an extra step that ensures your activity is private to you and only you. The email you use to create your account is unlinkable to your day-to-day use of Leo, making this a uniquely private credentialing experience.

For an added layer of privacy, you can clear all local Leo data stored on your device through the Settings menu.

Learn more about Leo and data privacy in our Privacy Policy.

Using Brave Search to build your own AI applications

Want to connect your AI to the Web? The Brave Search API allows any developer to integrate Brave Search results into their applications. The Brave Search API provides access to an index of billions of pages via Brave’s privacy-preserving Web index, for building everything from search engines to AI apps. Learn more.

Wednesday, 12. June 2024

Circle Blog

Circle's Web3 Services is Now Available on Solana

We're thrilled to announce the expansion of Circle’s Web3 Services to support the Solana blockchain. This is an exciting milestone as we build a comprehensive and robust platform that empowers businesses and developers to build and launch on-chain apps. Starting with Programmable Wallets and Gas Station on Solana, this expansion can empower the Solana developer community to embed secure

We're thrilled to announce the expansion of Circle’s Web3 Services to support the Solana blockchain. This is an exciting milestone as we build a comprehensive and robust platform that empowers businesses and developers to build and launch on-chain apps. Starting with Programmable Wallets and Gas Station on Solana, this expansion can empower the Solana developer community to embed secure, intuitive and enterprise-grade wallets seamlessly.


bankless

The Trillion Dollar ETH Pitch | RSA+DH

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner gets a bragging rights POAP. 

------ 📣BANKLESS CITIZENS VOTE HERE https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/13?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro

2:26 Eric Balchunas https://x.com/EricBalchunas/status/1794023427327533456 

4:44 ETH Narratives https://x.com/TrustlessState/status/1795595286972383494  

5:58 Ethereum is a Tokenization Platform https://twitter.com/ChainLinkGod/status/1798133271139901668  https://twitter.com/ChainLinkGod/status/1798133271139901668/photo/1 

9:26 Ethereum is an app store https://twitter.com/jdorman81/status/1792927796353814640 

13:56 Operating system and app store https://x.com/RasterlyRock/status/1791217181012701682 

17:15 ETH is Digital Oil ​​https://twitter.com/0xkydo/status/1740750772093296938  

20:37 ETH is an Internet Bond https://www.bankless.com/eth-the-internet-bond 

23:38 Programmable Money https://x.com/econoar/status/1124311475428790273 

25:59 "ETH is Ultra Sound Money" https://twitter.com/drakefjustin/status/1352734923703123968 

31:44 Pitches + Debrief/Analysis + Vote https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

44:05 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures  


Zcash Foundation

Results of the First Exploratory Dev Fund poll

The first Exploratory Dev Fund poll has now closed and the results are in! The purpose of this poll is to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback.  To be clear: the purpose of this poll is not […] The post Results of the First Exploratory Dev Fund poll appeared first on Zcash Foundation.

The first Exploratory Dev Fund poll has now closed and the results are in!

The purpose of this poll is to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback. 

To be clear: the purpose of this poll is not to reach a formal decision regarding what should happen in November. Instead, this poll is intended to solicit feedback from the community that ZF will then use to draft a proposal that can be evaluated and discussed alongside other proposals. 

The percentages displayed below are based on the total number of votes cast (140).

Q1: Should a new Dev Fund be put in place when the current Dev Fund ends in November 2024?

Yes – 100 votes (71.4%) No – 40 votes (28.6%)

Q2: If there is to be a new Dev Fund, should its recipients’ allocations reduce over time, with the balance allocated to an Unissued Reserve, as proposed by GGuy?

Yes – 48 votes (34.3%) No, recipients’ allocation should remain constant for the duration of the new Dev Fund. – 89 votes (63.6%)

Q3: If there is to be a new Dev Fund, how long should it last?

1 year – 49 votes (35%) 18 months – 3 votes (2.1%) 2 years – 51 votes (36.4%) 3 years – 7 votes (5%) 4 years – 24 votes (17.1%)

Q4: Which organizations and programs should receive funding from a new Dev Fund?

Bootstrap Project (parent of the Electric Coin Company) – 91 votes (65% approval) Financial Privacy Foundation – 57 votes (40.7% approval) a Legal Defense Fund – 46 votes (32.9% approval) QEDIT – 52 votes (37.1% approval) Zcash Community Grants program – 97 votes (69.3% approval) Zcash Foundation – 99 votes (70.7% approval) ZecHub – 67 votes (47.9% approval)

We’ll now take some time – and give the community time – to digest, consider and discuss these results, along with the results of other polls that are being conducted across the community.

We plan to run a second exploratory poll alongside the ZCG committee election that will take place later this month.

The post Results of the First Exploratory Dev Fund poll appeared first on Zcash Foundation.

Tuesday, 11. June 2024

Greylock Partners

Executing Successful Early-Stage Sales Processes

The post Executing Successful Early-Stage Sales Processes appeared first on Greylock.

Monday, 10. June 2024

a16z Podcast

Predicting Revenue in Usage-based Pricing

Over the past decade, usage-based pricing has soared in popularity. Why? Because it aligns cost with value, letting customers pay only for what they use. But, that flexibility is not without issues - especially when it comes to predicting revenue. Fortunately, with the right process and infrastructure, your usage-based revenue can become more predictable than the traditional seat-based SaaS model.

Over the past decade, usage-based pricing has soared in popularity. Why? Because it aligns cost with value, letting customers pay only for what they use. But, that flexibility is not without issues - especially when it comes to predicting revenue. Fortunately, with the right process and infrastructure, your usage-based revenue can become more predictable than the traditional seat-based SaaS model. 

In this episode from the a16z Growth team, Fivetran’s VP of Strategy and Operations Travis Ferber and Alchemy’s Head of Sales Dan Burrill join a16z Growth’s Revenue Operations Partner Mark Regan. Together, they discuss the art of generating reliable usage-based revenue. They share tips for avoiding common pitfalls when implementing this pricing model - including how to nail sales forecasting, adopting the best tools to track usage, and deal with the initial lack of customer data. 

Resources: 

Learn more about pricing, packaging, and monetization strategies: a16z.com/pricing-packaging

Find Dan on Twitter: https://twitter.com/BurrillDaniel

Find Travis on LinkedIn: https://www.linkedin.com/in/travisferber

Find Mark on LinkedIn: https://www.linkedin.com/in/mregan178

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The End of the Petrodollar | Luke Gromen

“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode. Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs.  The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is abo

“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. 

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/11?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-luke-gromen-interview 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 5:57 Luke’s Thesis 12:23 Energy lens 23:23 Arc of the Dollar 28:31 Why Oil? 31:31 Energy as a Denominator 38:12 Energy Price Changes 45:31 Energy Miracles 59:22 Monetary System Change 1:10:41 Capital Controls 1:18:12 Future of the US 1:24:56 How to Prepare 1:30:37 Closing & Disclaimers

------ RESOURCES

Luke Gromen https://x.com/LukeGromen  

FTT, LLC https://fftt-llc.com/  

Luke Gromen Weekly Newsletter https://fftt-treerings.com/  

Visualizing the History of Energy Transitions https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠   


Empiria

Deep Dives: The SSI Triangle

Self-sovereign identity (SSI) is the next big thing in Web3 (You don’t have to take our word for it, see Forbes Web3 predictions for 2024, where 65% of trends revolve around decentralized identity). This ingenious method of issuing, storing, and verifying data is underpinned by innovative technology. In the article, we will explore one of the key concepts — the SSI triangle. Let’s dive in!

Self-sovereign identity (SSI) is the next big thing in Web3 (You don’t have to take our word for it, see Forbes Web3 predictions for 2024, where 65% of trends revolve around decentralized identity). This ingenious method of issuing, storing, and verifying data is underpinned by innovative technology.

In the article, we will explore one of the key concepts — the SSI triangle. Let’s dive in!

What is the SSI Triangle?

SSI is all about trust, and the SSI triangle explains who trusts who in this framework. It is a convenient model depicting the core participants of an SSI framework. These participants are:

Issuer: The entity (organization or person) that issues data as verifiable credentials (VCs). This data can include various qualities, affiliations, or achievements of the next participant in the SSI triangle — the Holder.

Holder: The individual who receives data (verifiable credentials) from the issuer or issuers, and stores it in their digital wallet. The holder has complete control over their data and decides what information to share with the next participant in the SSI triangle — the Verifier.

Verifier: The party interested in verifying the data (verifiable credentials) presented by the Holder. A Verifier can be a service provider, employer, or other organization that needs to confirm the Holder’s information.

These three participants, Issuer, Holder, and Verifier, form the three tips of the SSI triangle. Let’s get to know them better.

Issuer

The participant of the SSI triangle (an organization, institution, or even an individual), is responsible for creating and issuing verifiable credentials (VCs) to Holders. These verifiable credentials contain specific information or attributes that the Issuer can vouch for, such as a Holder’s educational qualifications, professional certifications, or membership in an organization.

When an Issuer issues a verifiable credential, it digitally signs it using cryptographic techniques, ensuring its integrity and authenticity. This cryptographic signature serves as proof of the credential’s origin and validity.

One of the key principles of self-sovereign identity is that individuals have full control over their digital identities and associated data. As such, Issuers play a crucial role in empowering individuals to manage and control their digital identities by issuing credentials directly to the individual’s digital wallet, where they can be securely stored and managed.

In summary, the Issuer acts as a trusted authority that provides individuals with verifiable credentials of specific attributes or qualifications. By issuing credentials directly to individuals, the Issuer enables self-sovereign identity and empowers individuals to control and share their data securely and selectively.

Holder

The Holder, an essential participant of the SSI triangle, are individuals or entities who receive and store verifiable credentials (VCs) issued by Issuers. As the custodian of these credentials, the Holder maintains control over their data and decides when and what data to share with Verifiers.

When a Holder receives a verifiable credential from an Issuer, they store it securely in their digital wallet — an application designed to manage digital credentials. Such wallet employs cryptographic techniques to ensure data privacy and security.

Holders decide which credentials they share, with whom, and when. This puts individuals in charge of their digital identities, enabling them to prove specific attributes without relying on centralized authorities.

Holders can share their credentials with Verifiers when accessing services, participating in transactions, or proving their qualifications or affiliations. By selectively disclosing only the necessary information, Holders can minimize the amount of personal data shared while still satisfying the requirements of Verifiers.

The Holder plays a key role in self-sovereign identity by receiving, storing, and selectively sharing verifiable credentials issued by Issuers.

Verifier

The third tip of the SSI triangle is the Verifier. This entity verifies the authenticity and validity of verifiable credentials (VCs) presented by Holders. Verifiers could include service providers, employers, educational institutions, government agencies, or any other organization that requires assurance of an individual’s credentials or attributes.

When a Holder presents verifiable credentials to a Verifier, the Verifier’s role is to assess the credentials’ authenticity to make informed decisions. This assessment typically involves verifying the cryptographic signatures embedded within the credentials to ensure they originate from trusted Issuers and have not been tampered with.

Verifiers may use the information contained in the verifiable credentials to grant access to services, approve transactions, or make informed decisions based on an individual’s qualifications or attributes. By accepting verifiable credentials directly from Holders and verifying them without contacting Issuers, Verifiers benefit from streamlined identity verification processes. This move decentralizes identity verification, relying on secure tech like cryptographic mechanisms and blockchain-based decentralized networks, not middlemen or central databases. Independent credentials’ authenticity verification without the Issuer’s involvement protects the Holder’s privacy. It promotes greater trust, transparency, and efficiency in identity verification, setting data verification within the SSI Triangle apart from traditional methods.

By leveraging cryptographic techniques and decentralized networks to verify Holders’ claims, Verifiers promote trust, transparency, and efficiency in identity verification processes.

A Practical Example

Let’s consider a real-life example involving the interaction between the participants of the SSI Triangle.

Scenario: Job Application Verification

1. Issuer (University):

Sarah graduates from university with a degree in Computer Science. The university serves as the Issuer in this scenario. The university issues Sarah a verifiable credential, digitally signed using cryptographic techniques, certifying her graduation and degree qualification. The credential includes metadata such as the degree program, graduation date, and university accreditation details.

2. Holder (Sarah):

Sarah receives the verifiable credential from the university and stores it securely in her digital wallet. She also receives other credentials, such as certifications and professional memberships, from various Issuers, which she stores alongside her university degree credential in her digital wallet.

3. Verifier (Employer):

Sarah is applying for a software developer position at a tech company. The tech company serves as the Verifier in this scenario. During the job application process, the tech company requests Sarah to provide evidence of her qualifications and experience. Sarah shares selected verifiable credentials from her digital wallet with the tech company, including her university degree credentials and relevant certifications. The hiring manager at the tech company checks Sarah’s credentials by confirming the cryptographic signatures. Upon successful verification, the tech company acknowledges Sarah’s qualifications and continues the job application process.

In this scenario, the Issuer (University) issues a verifiable credential attesting to Sarah’s graduation and degree qualification. Sarah, the Holder, receives and stores the credentials in her digital wallet. When applying for a job, Sarah selectively shares her credentials with the Employer (Verifier), who independently verifies their authenticity and relevance. This process shows how different participants of the SSI Triangle work together to ensure that Sarah’s qualifications are verified while remaining secure, and private.

Empe Insight
“One of the key advantages of Self-Sovereign Identity (SSI) is its ability to establish a standardized framework, enabling all participants involved in developing these systems to collaborate seamlessly, even without prior knowledge of each other.
For instance, when receiving data from a particular source in a verified manner, I don’t need to have any previous interaction with the company or organization providing that data. There’s no need for prior arrangements or even writing specific code to integrate with them. SSI facilitates this process, allowing it to happen almost automatically. This approach is significantly more independent, allowing systems to communicate in a truly decentralized manner.”
Antoni Myśliborski, Blockchain Architect, Empeiria
The Role of Blockchain in the SSI Triangle

The revolutionary aspect of the SSI framework lies in its incorporation of blockchain technology, which ensures that all data remains secure and private throughout the credentials’ issuance, storage, and verification process. Blockchain eliminates the need to rely on centralized data authorities, reducing data breaches or misuse risks and placing users in control of their data.

Within the SSI framework, no private data is stored on the blockchain. Blockchain is used only for storing cryptographic proofs and transaction records. These proofs serve as verifiable evidence that certain credentials or claims have been issued, verified, or revoked. So, while the blockchain ensures the integrity and authenticity of the credentials’ issuance, storage, and verification process, it doesn’t contain the sensitive personal data stored by users (Holders) in their digital wallets. Verifiers, leveraging blockchain-anchored proofs, can confirm a Holder’s claim, without relying on direct access to the credential Issuer, or even accessing personal information.

EVDI: Empeiria’s Infrastructure of Decentralized Trust

Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI) for unmatched data privacy & seamless web3 adoption offers tools for all three key participants of the SSI Triangle.

Issuer: Empeiria‘s’ seamless integration solutions, enable issuers to easily integrate SSI into their current data infrastructure. This integration simplifies credential issuance, making it more efficient and secure.

Holder: Empeiria places Holders in control of their data. Empe Wallet is a convenient and secure place to store verifiable credentials, which can be shared privately and securely with Verifiers.

Verifier: Using Empeiria’s easily deployable tool, verifiers can quickly check the validity of verifiable credentials, without accessing sensitive information or contacting the issuer. This makes verifying information easier and builds trust between verifiers and holders.

Overall, Empeiria’s EVDI provides the participants of the SSI Triangle with tools for credential issuance, storage, sharing, and verification. It streamlines data verification, empowers individuals with greater control over their data, and enables Web3 utility for organizations.

Final Thoughts

The SSI Triangle participants all benefit from participating in the SSI framework and collaborate to maintain trust and data integrity, empowered by the decentralized and immutable character of the blockchain. Thanks to SSI, individuals gain greater control over their data and organizations benefit from streamlined data issuance and verification, reducing costs and mitigating security risks.

Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI) builds on the foundations of SSI to add a trust layer to the internet. By providing seamless integration solutions and easily deployable tools for credential issuance, storage, and verification, it transforms digital interactions with cryptographic truth and decentralized trust.

Follow Empeiria on Twitter/X, or LinkedIn for the latest news & updates. For inquiries or further information, contact Empeiria at media@empe.io

Saturday, 08. June 2024

Panther Protocol

Testnet Stage 6 is now live with improved fee management

Fellow Panthers, First and foremost, thank you to the community of over 3000 testnet users who have been testing and sharing valuable feedback. Your continued support and patience are critically important to our mission. Testnet Stage 5 is now complete, and it provided us with valuable insights, resulting in several

Fellow Panthers,

First and foremost, thank you to the community of over 3000 testnet users who have been testing and sharing valuable feedback. Your continued support and patience are critically important to our mission.

Testnet Stage 5 is now complete, and it provided us with valuable insights, resulting in several updates to our codebase.

We are excited to announce that Stage 6 of our testnet is live. Stage 6 includes simulated fee management, AMM refilling mechanisms, simulated limited subsidy rewards, onboarding enhancements using a bundler service, and several technical improvements to our testing environment.

Note: Panther’s test network is now live on Amoy, Polygon’s test network, and can be accessed here. Due to this network change, users will need to complete the onboarding process again and activate their test zAccount. Users who are using their old accounts, however, will not have to go through PureFi credential process again and will be moved directly to the account activation. This is a one-time activity required to access Panther.  

Getting started with Stage 6

To start testing Stage 6, visit here for the updated dApp test link and follow the steps. Here are some of the features you can look forward to testing in Stage 6:

Fees
This release introduces the mechanism for charging different types of fees within the simulated testnet, including Protocol Fees, Network Gas Fees, KYT fees and KYC Fees. All simulated fees are paid from the Panther Gas account in tZKP. 

AMM Refilling with Protocol Fees
Simulated protocol fees collected during the testing will be deposited into the AMM’s pool of tZKP. 

Limited Subsidy Rewards
The production (mainnet) version of Panther Protocol will include a feature that will allow to introduce additional rewards to partially or fully compensate costs like Network Gas Cost, KYC, KYT and Miner fees, in service of encouraging use of the platform. Stage 6 of our testnet simulates this feature for testing purposes.

Note: This feature is designed to cover only tZKP-nominated fees, and will not involved test MATIC or other native test network tokens unless using the relayer service.

Note: As the protocol developer, Panther Ventures Limited is resuming the testnet after re-deployment on Amoy. Panther Protocol Foundation is finalizing the details of the reward mechanism and will ensure that testers are rewarded proportionally to their efforts and we expect all incentives will be distributed via airdrop. This blog will be updated with more specifics in the coming days.

Disclaimer

For the avoidance of doubt, tZKP, tzZKP, tPRP, test MATIC, and any other tokens mentioned in this announcement or within the product are for testing purposes only and have no economic value, nor can they be exchanged for value. 

Participation on our incentivized Testnet versions may result in you earning rewards, but such credits are not represented on any blockchain as tokens.

Friday, 07. June 2024

Epicenter Podcast

EthStaker: Ethereum Staking Wars - Nixorokish & Superphiz

In a world where a handful of (centralised) entities hold the majority of staked Ethereum (either directly or via delegation), the network’s decentralisation and security might be in peril. While there are multiple proposals being discussed to address this pressing matter, from reducing issuance after a certain breakpoint (~30% of total ETH being staked) to introducing more severe slashing for col

In a world where a handful of (centralised) entities hold the majority of staked Ethereum (either directly or via delegation), the network’s decentralisation and security might be in peril. While there are multiple proposals being discussed to address this pressing matter, from reducing issuance after a certain breakpoint (~30% of total ETH being staked) to introducing more severe slashing for colluding entities, education and guidance remain paramount. EthStaker is a community led project whose goal is to guide, educate, support and offer resources for stakers, in order to lower the barrier of entry for solo stakers.

We were joined by Superphiz & Nixorokish, to discuss the current Ethereum staking landscape and what challenges need to be addressed to ensure the network’s decentralisation and security.

Topics covered in this episode:

Superphiz’ & Nixorokish’ backgrounds Ethereum staking evolution Staking options Liquid staking Centralization risks Incentivizing solo staking Lowering ETH issuance proposal & network security Solo stakers How a healthy staking ecosystem looks like The importance of client diversity Socio-political collusion Misc.

Episode links:

Superphiz on Twitter Nixorokish on Twitter EthStaker on Twitter EthStaker

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


bankless

ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

Bankless Friday Weekly Rollup  1st Week of June 2024 ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/12?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO

Bankless Friday Weekly Rollup  1st Week of June 2024

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/12?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:26 Prices

4:30 L2 Update https://x.com/jessepollak/status/1798731497173905439  https://x.com/0xKofi/status/1797645289307951127  https://x.com/Uniswap/status/1797624523711561828  https://x.com/RyanSAdams/status/1798460468069085234 

10:00 3 more milestone numbers on the wk https://x.com/TrustlessState/status/1798497346512412898   https://x.com/0xDeFiDevin/status/1797462120713613511  https://twitter.com/sorellalabs  https://www.coingecko.com/en/coins/bnb 

17:52  FROTHY STONKS https://x.com/greg16676935420/status/1798404597897363936  https://companiesmarketcap.com/assets-by-market-cap/  https://www.reddit.com/user/DeepFuckingValue/  https://www.tradingview.com/chart/?symbol=NYSE%3AGME  https://x.com/JasonHitchcock/status/1797437168324899192 

26:04 ETFs are back baby! Wen ETH ETF, wen banana zone for ETH? https://x.com/CarpeNoctom/status/1798170536146825630  https://x.com/ericbalchunas/status/1798156058487382232  https://x.com/bitcoinmagazine/status/1796120216780333409   https://x.com/EricBalchunas/status/1797644643712262482  https://finance.yahoo.com/news/blackrock-says-10m-seed-money-174942096.html  https://x.com/ericbalchunas/status/1796606348324634798  https://x.com/EricBalchunas/status/1797589909768949827  https://x.com/EleanorTerrett/status/1798351844248576311   https://x.com/AlexanderGrieve/status/1798352191713157308   https://x.com/RyanSAdams/status/1796543517671424065  https://x.com/tradetheflow_/status/1797520578087465295/photo/2  https://x.com/vaneck_us/status/1798428976068657411  https://x.com/vaneck_us/status/1798432653726658619 

43:55 President Biden missed the layup - vetoed SAB-121  https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/31/a-message-to-the-house-of-representatives-on-the-presidents-veto-of-h-j-res-109/  https://www.aba.com/advocacy/policy-analysis/letter-to-president-biden-sab-121  https://x.com/faryarshirzad/status/1796837972978872764  https://x.com/nic__carter/status/1796687373314445766  https://x.com/standwithcrypto/status/1798433256339079417  https://x.com/fejau_inc/status/1796310685330051121  https://www.coindesk.com/markets/2024/05/30/trump-token-sinks-after-former-us-president-is-found-guilty-in-new-york/ 

52:50 Robinhood Acquires Bitstamp https://x.com/RobinhoodApp/status/1798672303519342898  https://twitter.com/vladtenev/status/1798680590344126963 

55:05 Celebcoin Culture Wars  https://www.coingecko.com/en/coins/mother-iggy  https://x.com/VitalikButerin/status/1798290424622113230  https://x.com/IGGYAZALEA/status/1798471807647068297  https://x.com/haydenzadams/status/1798551176834638114 

59:32 ETH Coinbase’s smart wallets is now officially launched! Is this how we get to billions? https://www.coinbase.com/blog/a-new-era-in-crypto-wallets-smart-wallet-is-here  https://x.com/jessepollak/status/1797772737207062752 

1:02:31 StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum https://x.com/StarkWareLtd/status/1797985467666940265 https://bankless.cc/PermissionlessDiscount 

1:05:31 Punks below 30 ETH https://x.com/punksOTC/status/1798093880711155918 

1:06:26 Blackrock and Citadel wants to launch new rival Stock Exchange in Texas https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/  https://x.com/delzennejc/status/1798399433651974301 

1:10:21 Raises and BVC Investments  Mountain raised $8M in Series A https://x.com/MountainUSDM/status/1798740495679815731 

1:11:35 MEME of the Week https://x.com/TrustlessState/status/1798124339843449065  

1:12:19 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 06. June 2024

a16z Podcast

California's Senate Bill 1047: What You Need to Know

On May 21, the California Senate passed bill 1047. This bill – which sets out to regulate AI at the model level – wasn’t garnering much attention, until it slid through an overwhelming bipartisan vote of 32 to 1 and is now queued for an assembly vote in August that would cement it into law. In this episode, a16z General Partner Anjney Midha and Venture Editor Derrick Harris breakdown everything t

On May 21, the California Senate passed bill 1047.

This bill – which sets out to regulate AI at the model level – wasn’t garnering much attention, until it slid through an overwhelming bipartisan vote of 32 to 1 and is now queued for an assembly vote in August that would cement it into law. In this episode, a16z General Partner Anjney Midha and Venture Editor Derrick Harris breakdown everything the tech community needs to know about SB-1047.

This bill really is the tip of the iceberg, with over 600 new pieces of AI legislation swirling in the United States. So if you care about one of the most important technologies of our generation and America’s ability to continue leading the charge here, we encourage you to read the bill and spread the word.

Read the bill: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240SB1047


Horizen - Blog

Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download

The new version ZEN 5.0.3 is available to download on GitHub and via Docker. The post Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download appeared first on Horizen Blog.

The new version ZEN 5.0.3 is available to download on GitHub and via Docker.

Download ZEN 5.0.3 Now ZEN 5.0.3 is an official maintenance Release for Mainnet and Testnet ZEN 5.0.3 will not perform any network upgrade on Mainnet via Hard Fork Nodes running on Mainnet and Public Testnet can be updated with this version, but the upgrade is not mandatory See release notes Here Performance improvement(60x) on listunspent RPC implementation listunspent RPC implementation, results ordered by destination address (previously ordered by transaction hash)

Please let us know if you have any questions or need further support by contacting us on our Discord.

The post Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download appeared first on Horizen Blog.


PIVX

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It.

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It. PIVX SHIELD provides complete transaction protection, preserving privacy by hiding financial information. And it achieves this with zero preparation time. This is all made possible through PIVX’s innovative use of Zero Knowledge Proofs. With SHIELD, you have the flexibility to transact while maintaining complete priv

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It.

PIVX SHIELD provides complete transaction protection, preserving privacy by hiding financial information. And it achieves this with zero preparation time. This is all made possible through PIVX’s innovative use of Zero Knowledge Proofs. With SHIELD, you have the flexibility to transact while maintaining complete privacy.

Want to learn more? The PIVX Paladin Education Series is a good place to start.

Video 1: https://www.youtube.com/shorts/8gFTIPVt9DA
Video 2: https://www.youtube.com/shorts/m4K96Sz0mOI
Video 3: https://www.youtube.com/shorts/359ln837Gnc

PIVX. Your Rights. Your Privacy. Your Choice.
Unlock the Power of Digital Cash, with Optional Privacy & Complete Control of Your Funds.
Visit us today at PIVX.org, join our community at Discord.PIVX.org.

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Wednesday, 05. June 2024

Greylock Partners

Building the GTM Foundations

The post Building the GTM Foundations appeared first on Greylock.

The post Building the GTM Foundations appeared first on Greylock.


Horizen - Blog

EON 1.4 – Version Changes and Update Instructions

Overview This document will outline the various changes that were introduced with the 1.4 update. It will provide a list of areas you should be aware of and also instructions on how to update your forger with new capabilities. In version 1.4, we’ve improved the usability of the staking system at the protocol level by […] The post EON 1.4 – Version Changes and Update Instructions appeared firs

Overview

This document will outline the various changes that were introduced with the 1.4 update. It will provide a list of areas you should be aware of and also instructions on how to update your forger with new capabilities.

In version 1.4, we’ve improved the usability of the staking system at the protocol level by automating the reward distribution among the forger hosting provider and the ZEN holders who stake their ZEN to the forger node. Forgers are now able to designate a smart contract that will allow delegators to claim rewards. The percentage of the forger’s incomes redirected to the smart contract will be declared by each forger when first registering.

Horizen will provide a factory contract that can be used to distribute rewards to forgers, although any contract can be used. The smart contract provided will distribute rewards proportionally to delegators according to the amount they stake.

Version 1.4 also introduces a minimum staking requirement (10 ZEN)  to forgers for security best practices.

It’s important to note that no changes need to be made by existing forger nodes, 100% of the forger incomes will continue being sent to the reward address specified by the forger as it does currently. Otherwise, you can designate a smart contract for reward distribution (instructions provided within this document). 

The EON 1.4 hardfork will happen on Thursday, June 27th at Epoch 1593 (16:55pm UTC)

EON 1.4  mainnet release tag https://github.com/HorizenOfficial/eon/releases/tag/1.4.0 :  Docker Compose Updates: https://github.com/HorizenOfficial/compose-evm-simplified/releases/tag/1.4.0  Horizen Reward Factory Contract Address: https://eon-explorer.horizenlabs.io/address/0x8604Bb903B7D54F666bA1e75f98045345C63132a  (instructions for interacting with the factory contract noted below) Changes in Stakes Management

Please review the following information to understand the changes that occurred with this update. This is important for those of you running forger nodes as some functionality has changed.

A new native smart contract will be available to manage stake-related operations. It will be available at the address 0x0000000000000000000022222222222222222333. Full documentation of its interface can be found here.

The old smart contract exposed at address 0x0000000000000000000022222222222222222222 will be deprecated and all its methods will error if called after the 1.4 hardfork.

The below table summarizes the most important differences.

Detail: Changes Before <> After

Operation

EON < 1.4

EON 1.4

Declare a new forger

Not needed
(Just create a stake with a standard stake operation)

New Endpoint /transaction/registerForger
with 10 ZEN min

Add stake (via smart contract call)

delegate method on old stake contract. Stake owner (the address that can unstake it) can be any address

delegate method on new stake contract
(Stake owner will be always the tx sender)

Add stake (via http endpoints)

transaction/makeForgerStake

Not available

Withdraw stake (via smart contract call)

withdraw on old stake contract

StakeId and additional signature needed

Partial withdraw not possible

withdraw on new stake contract

No stakeId and no additional signature needed

Partial withdraw possible

Withdraw stake (via http endpoints)

transaction/spendForgingStake

Not available

Stakes belonging to a delegator address

getPagedForgersStakesByUser on old stake contract

(in the return list 1 element for each stakeId)

getPagedForgersStakesByDelegator on new stake contract

(in the return list 1 element for each forger, with the sum of the stakes)

Stakes owned or delegated to a specific forger

Not available
(Was possible to retrieve the whole list with getPagedForgersStakes and then filter later)

getPagedForgersStakesByForger on the new stake contract

Total amount staked

stakeOf on the old stake contract: 

Returns only the current value and only by delegator

stakeTotal on new stake contract.

Possible to query historical data for previous epochs, and filter by delegator and/or forger

Stake lottery

Forger will participate at the lottery with any amount

Forger will participate at the lottery only if owned+delegated stake >= 10 ZEN

List of registered forgers

Not available

getPagedForgers on new stake contract


Explorer Changes

EON Explorer will be updated to a new version on Tuesday, June 25.

Breaking changes Current API will be deprecated on the current URL. Please update the API URL to https://eon-explorer-api.horizenlabs.io/api.
Alternatively, the V2 API can be used. See specifications in the V2 API docs: https://eon-explorer.horizenlabs.io/api-docs  New features Display ABI for Forger Stake V2 contract Display a list of “Mainchain Rewards Distribution” from 0x0000000000000000000033333333333333333333  V2 API docs:  https://eon-explorer.horizenlabs.io/api-docs New APIs for forward transfers and fee payments: /blocks/{block_number_or_hash}/forward-transfers /blocks/{block_number_or_hash}/fee-payments /addresses/{address_hash}/forward-transfers /addresses/{address_hash}/fee-payments /forward-transfers /fee-payments Deploying the Factory Contract to EON for Distribution

Horizen provides a default implementation of a smart contract handling the redistribution of rewards between forger’s delegators.

If you want to deploy one for your forger:

Go to the factory contract available on the explorer: https://eon-explorer.horizenlabs.io/address/0x8604Bb903B7D54F666bA1e75f98045345C63132a Select the Contract tab. Select the Write Contract tab. Connect your wallet. Use the method deployDelegatedStakingReferenceImplementation of the factory: The required parameters that identify your forger are: signPubKey vrfKey Note that this is split in between two parameters: one for the first 32 bytes and another for the last btye. This is because the vrfkey is 33 bytes of data.  Once the parameters are entered click the Write button. The method execution will trigger the deployment of the smart contract instance.  Take note of its address: you will need it in the forger registration step.  

For further info, you can read the full tutorial on how to setup a forger node here: https://docs.horizen.io/horizen_eon/tutorials/forger_node_setup_guide

If you want to look at the code of the delegated staking contract, it is available at this address: https://github.com/HorizenOfficial/eon-delegated-staking

This factory contract was audited by Halborn for security best practices.

Forger Registration and Setting Smart Contract for Distribution of Rewards

The instructions below are all steps required when setting up a new forger node. If you already have a node, you only need to (optionally) follow Step 2 to assign an EON smart contract for reward distribution.

Step 1: Registration of  Forgers

Each forger must now register before being able to participate in the lottery and receive stake delegations. This is an additional step compared to the actual flow (so far, was enough to create an initial stake).

The registration can be performed by calling  a new http endpoint on the forger node:

/transaction/registerForger

The method will accept the following parameters:

signPubKey vrfPubKey rewardShare smartContractAddress stakedAmount

(see above link for further info)

Please note that rewardShare and smartContractAddress once set are considered immutable and can’t be changed later  (to use different values a forger would have to register new keys, and ask the delegators to unstake+stake to the new key).

Step 2: Update of a Forger Already Present Before EON 1.4

Forgers already present before EON 1.4 will not require an explicit registration described in Step 1: they will be automatically migrated and registered.

But please note that if they own a total stake (own + delegated)  < 10 ZEN  they will no longer be able to forge any block after the 1.4 hardfork activation, and you will need to increase the stake to 10 ZEN or more.

All migrated forgers will have the fields rewardShare = 0 and smartContractAddress  = none, meaning they will not redirect any percentage of the reward to an additional smart contract (the same behavior happens in old EON versions). 

A method to update these fields is available in the http endpoints:

/transaction/updateForger

The method will accept the following parameters:

signPubKey vrfPubKey rewardShare rewardAddress

(see above link for further info)

Please note this method can be called only once and only if their value is equal to: (rewardShare=0, smartContractAddress=null). In other words,  rewardShare and smartContractAddress once set are considered immutable and  can’t be changed (to use different values a forger would have to register new keys, and ask the delegators to unstake+stake to the new key).

Important: for security reasons the updateForger operation will be doable only starting from two consensus epochs after the hard fork activation (25 hours).

Step 3: Collect Stakes

Similar to the actual smart contract, the new native smart contract will expose methods to delegate stake to a forger and withdraw them.

delegate(bytes32 signPubKey, bytes32 vrf1, bytes1 vrf2)

The method will fail if the forger was not previously registered (remember forgers existing before the hard fork activation will be considered registered by default).

withdraw(bytes32 signPubKey, bytes32 vrf1, bytes1 vrf2, uint256 amount)

The owner of the stake must be the one sending the tx.

Enough stake must exist, but now will be possible also to partially withdraw the stake.

Amount unstaked will be sent back to the sender balance.

Please note that with the new system the stake handling is simplified, since:

There is no more the concept of “stakeId”. A stake is now just an amount associated with a specific forger and delegator address, that can be incremented or decremented over-time with multiple delegate and withdrawal operations.  No additional signatures other than the standard Ethereum-like transaction signature will be required to call delegate and withdraw methods: this allows them to be called easily also from hardware wallets like Ledger. Step 4: Reward Calculation 

The same algorithm  will be applied at the end of each withdrawal epoch to reward forgers, but the amount previously sent to the forger address will be split in two parts if the rewardShare specified by the forger is > 0.

An additional change has been also implemented in the:

Endpoints /block/getFeePayments  RPC endpoint zen_getFeePayments

Their result will keep the same format as now, but will also include the reward paid to the address of the smart contracts (if defined).

We will also detail the amount coming from the mainchain redistribution: to be retrocompatible they will be into additional fields valueFromMainchain and valueFromFees:

Step 5: Claim of Delegators Rewards

The amounts directed to the smart contract will have to be redistributed among delegators through the contract. Distribution is the responsibility of the contract implementation. Horizen’s contract provides a fair distribution based on the amount staked and epoch of staking. The default smart contract implementation provided by Horizen exposes a claim method to do it: 

claimReward(address owner)

Note that anyone could call the claim method on behalf of the owner (no restrictions on the sender of the transaction). 

Documentation on the factory contract is located here: https://github.com/HorizenOfficial/eon/blob/development/doc/howto/delegatedstakingcontract.md

Any forger is free to deploy its own smart contract. Please read the native smart contract documentation for useful methods that could be used inside the smart contract logic.

Reward from Mainchain – New Rules

The maximum ZEN amount redistributed to forgers from the special address 0x000000000000000000003333333333333333333 in a single withdrawal epoch is now limited to a maximum value expressed by the following formula:

MAX_VALUE_REDISTRIBUTED = sum [10% of Mainchain’s block-reward Coinbase of each mainchain block reference included in the withdrawal epoch]

Funds over the limit will stay in the address balance and will be redistributed in the following epochs.

For example:
Current Mainchain block reward: 6.25 ZEN
Number of mainchain block-reference in a withdrawal epoch: 100
MAX_VALUE_REDISTRIBUTED = 10%(6.25) * 100 = 62.5 ZEN

Release Notes

Additional info on other changes introduced in EON 1.4 can be found in the release notes for EON 1.4 and SDK respectfully: 

https://github.com/HorizenOfficial/eon/blob/1.4.0-RC1/doc/release/1.4.0.md  https://github.com/HorizenOfficial/Sidechains-SDK/blob/dev/doc/release/0.12.0.md

The post EON 1.4 – Version Changes and Update Instructions appeared first on Horizen Blog.


bankless

When Will We Go Parabolic This Cycle? | RSA+DH

After 3 months of flat crypto prices, people are asking “where are we in the cycle”? What if the real bull hasn't even started yet? How big of the impact can the ETH ETF's really have and can they really take us to the coveted.... Banana Zone? All of that and more on this weeks episode of Bankless Takes. ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add

After 3 months of flat crypto prices, people are asking “where are we in the cycle”? What if the real bull hasn't even started yet?

How big of the impact can the ETH ETF's really have and can they really take us to the coveted.... Banana Zone? All of that and more on this weeks episode of Bankless Takes.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/10 

------ 🔐 GridPlus Lattice1 Hardware Wallet  (use discount code BANKLESS2024 at checkout for 15% off) https://gridplus.io/products/grid-lattice1 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS 00:00 Intro 03:18 The Bull Run is Boring 06:35 What Inning Are We In? 16:28 Demand For Gold Reserves 23:19 The Banana Zone 28:22 ETH ETF Impact 35:30 Celeb Memecoins 43:12 Key Takeaways

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Tuesday, 04. June 2024

Zcash Foundation

Polling ZCAP on the Design of a Proposal for a new Dev Fund

Since the first November 2020, 20% of Zcash mining rewards has been allocated to a Dev Fund, which is distributed to the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the Zcash Community Grants program (ZCG).  The current Dev Fund will end when the next Zcash halving occurs in November 2024. If a new […] The post Polling ZCAP on the Design of a Proposal for a new Dev Fund appe

Since the first November 2020, 20% of Zcash mining rewards has been allocated to a Dev Fund, which is distributed to the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the Zcash Community Grants program (ZCG). 

The current Dev Fund will end when the next Zcash halving occurs in November 2024. If a new Dev Fund is to activate when the current one expires, the Zcash community must reach consensus within the next few months, so that the new Dev Fund can be designed and codified in the Zcash protocol, and deployed in the Zcashd and Zebra node implementations. 

The question that the Zcash community faces is this: What should happen when the current Dev Fund expires in November 2024? 

A range of ideas have been put forward, including allowing the Dev Fund to expire without any extension or replacement, directing a new Dev Fund into a “lockbox” to hold the funds until a new funding and governance model can be put in place, and several community members have put forward proposals for new Dev Funds (or an extension of the current Dev Fund).

Based on community feedback, the Zcash Foundation (ZF) has decided to conduct a series of exploratory opinion polls of ZCAP members, to assess the community’s sentiment regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback. 

To be clear: the purpose of this poll is not to reach a formal decision regarding what should happen in November. 

Instead, this poll is intended to solicit feedback from the community that ZF will then use to draft a proposal that can be evaluated and discussed alongside other proposals. 

With limited time available to design and implement a new Dev Fund before November, we will base the proposal on the existing “funding streams” model, whereby a percentage of Zcash mining rewards is allocated to a Dev Fund which is then distributed amongst a number of recipients.

The initial scope is based on several proposals for new Dev Funds that have already been put forward by members of the Zcash community, and have been discussed on the Zcash community forum. 

We expect that it will require several polls to narrow a wide set of options down, and we hope that the end result will be a set of specific choices that attract broad support from across the Zcash community. 

Our priority is to ensure that the Zcash community has a voice in what happens come November, and our goal is to help the community reach consensus. 

It may be that consensus cannot be reached, in which case there will be no new Dev Fund in November. As we have stated previously, if the Zcash community decides that the Dev Fund should end and not be replaced (or that it should be replaced but that ZF should not receive any funding), ZF will support that decision. 

It may also be that the community reaches consensus on adopting a different approach, such as ECC’s proposed extension of the current Dev Fund, or Skylar’s proposed “lockbox”. Again, ZF will support the community’s decision. 

In the first poll, we are asking the following questions, and provide the following response options. 

Q1: Should a new Dev Fund be put in place when the current Dev Fund ends in November 2024?

Yes No

In this question, “a new Dev Fund” means a Dev Fund that follows the existing Dev Fund’s “funding streams” model, whereby a portion of the mining reward goes directly to organizations such as ZF and the Bootstrap Project (the parent of the Electric Coin Company) to either fund their own operations or for redistribution to another organization (as with Bootstrap and ECC) or program (as with ZF and ZCG). 

However, the percentage of the block reward allocated to the new Dev Fund, the recipients, and how the new Dev Fund is split between those recipients may be different. 

You should answer “Yes” if you believe that any of the organizations or programs listed under Q4 below should be funded from a new Dev Fund from November 2024. 

You should answer “No” if you believe that none of the organizations or programs listed under Q4 below should be funded from a new Dev Fund from November 2024. 

Q2: If there is to be a new Dev Fund, should its recipients’ allocations reduce over time, with the balance allocated to an Unissued Reserve, as proposed by GGuy?

Yes  No, recipients’ allocation should remain constant for the duration of the new Dev Fund. 

GGuy has suggested that the amount allocated to each Dev Fund recipient should follow a declining schedule, with the surplus funds allocated to an Unissued Reserve, that can only be issued through community consensus. More information can be found here

Q3: If there is to be a new Dev Fund, how long should it last?

1 year 18 months 2 years 3 years 4 years

If a new Dev Fund is to start in November, it must be specified with a default duration. This does not mean that the new Dev Fund will necessarily last for its full duration – the community may opt to change it, end it early or replace it with a new Dev Fund of an entirely different design.

Q4: Which organizations and programs should receive funding from a new Dev Fund?

Bootstrap Project (parent of the Electric Coin CompanyFinancial Privacy Foundation a Legal Defense Fund QEDIT Zcash Community Grants program Zcash Foundation ZecHub

Respondents can select up to seven options in response to this question.

Please note that Bootstrap/ECC have stated that they will not receive funding directly from the chain except in the case of a one-year extension with a clear mandate to move to a non-direct funding model. 

Receipt of a Dev Fund slice is voluntary, and any of the organizations listed may request that they not be considered as a potential recipient (as Shielded Labs have already done). If that happens, that organization will not be included in any draft proposal that emerges from this process. 

The Legal Defense Fund option reflects a suggestion that a portion of any new Dev Fund should be allocated to fund legal action to challenge any regulatory action or legislation that negatively impacts the overall Zcash project.

This first poll is now open for ZCAP members to vote, and will close at 09:00 UTC on 12th June 2024.

Future polls will solicit input on questions such as what percentage of coin issuance should be allocated to a new Dev Fund, and how the Dev Fund should be distributed amongst the recipients.

As stated above, the objective of this process is to obtain sufficient insight into the Zcash community’s collective sentiment to draft a Dev Fund proposal that reflects that sentiment, and can be assessed alongside other proposals from the community. We expect that there will be a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum

The post Polling ZCAP on the Design of a Proposal for a new Dev Fund appeared first on Zcash Foundation.

Monday, 03. June 2024

Shade Protocol

June Syracuse v0.1 Shade Protocol Upgrade

Greetings community, In this blog post, we’re excited to present a comprehensive list of updates made in May that didn’t make it into the Alexandria update. While these changes may seem minor, we believe in transparency and the importance of highlighting even the smallest tweaks to our application to enhance user experience. First on the list is a fix to the bridge button, addressing instances w

Greetings community,

In this blog post, we’re excited to present a comprehensive list of updates made in May that didn’t make it into the Alexandria update. While these changes may seem minor, we believe in transparency and the importance of highlighting even the smallest tweaks to our application to enhance user experience.

First on the list is a fix to the bridge button, addressing instances where it would mysteriously “gray out” without warning. Additionally, we’ve streamlined the process by adding sSCRT support on the Shade Bridge page, simplifying the management of SCRT and sSCRT balances. Another significant change includes filtering the swap dropdown by user balances, eliminating the need for manual scrolling.

Furthermore, we’ve introduced toast notifications on the Shade bridge page to alert users when they lack sufficient gas for bridging operations. Excitingly, we’ve updated the SILK/SHD circulating supply in anticipation of the June 18th upgrade, alongside migrating the Shade API infrastructure to the latest version of Secret Network post successful mainnet upgrade!

Other improvements include fixing bugs on the portfolio page and updating data feeds for Quicksilver, Stride, and Persistence oracles in light of the Secret Network upgrade.

While this technical rundown may seem brief, we aim to foster trust within the community by providing insight into the ongoing enhancements of the Syracuse upgrade (v0.1) on its journey towards the Shade Protocol private DeFi suite.

Alexandria Unveiled — Shade v2.1

Conclusion

In conclusion, the Syracuse v0.1 gets us one step closer to the launch of Alexandria — a significant milestones in Shade Protocol’s journey towards revolutionizing decentralized finance. Inspired by the legacy of ancient Alexandria and the valor of the Spartans, Shade Protocol stands as a beacon of innovation and financial autonomy in the decentralized landscape.

With its commitment to privacy, ease of use, and continuous improvement through Syracuse upgrades, Shade Protocol is not only shaping the future of DeFi but also empowering individuals to reclaim control over their finances and data. As the community eagerly anticipates the release of Alexandria and beyond, Shade Protocol remains dedicated to its mission of building an unstoppable, decentralized financial ecosystem for all.

Website: app.shadeprotocol.io

Twitter: https://twitter.com/Shade_Protocol


PIVX

PIVX is excited to announce that our YouTube channel is now active again!

PIVX YouTube is Back and Better Than Ever! See how PIVX Marketing has revamped the YouTube channel with new content such as the PIVX Paladin education series, and more. https://youtube.com/c/PIVXCrypto Until Next Time, Keep it Purple People! PIVX.org PIVX is excited to announce that our YouTube channel is now active again! was originally published in PIVX on Medium, where people are con

PIVX YouTube is Back and Better Than Ever!
See how PIVX Marketing has revamped the YouTube channel with new content such as the PIVX Paladin education series, and more.

https://youtube.com/c/PIVXCrypto

Until Next Time, Keep it Purple People!
PIVX.org

PIVX is excited to announce that our YouTube channel is now active again! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Circle Blog

Circle Submits App to Partner with Institutions for BIS Project Agorá

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, we are excited to announce that Circle has submitted an application to participate in Project Agorá, an initiative led by the Bank for International Settlements (BIS) and supported by the Institute of International Finance (IIF). As the largest regulated

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, we are excited to announce that Circle has submitted an application to participate in Project Agorá, an initiative led by the Bank for International Settlements (BIS) and supported by the Institute of International Finance (IIF). As the largest regulated stablecoin issuer globally, Circle is eager to bring its wealth of experience and knowledge to the table, particularly in the realm of tokenized cross-border payments.


Empiria

May Development Update: Empe Testnet, New Empe Verifiable Data Wallet & More

Empeiri This past May has been incredibly productive for Empeiria. Following extensive R&D and valuable customer feedback, we are excited to announce significant enhancements to our End-to-End Verifiable Data Infrastructure (EVDI). From the upcoming release of a new Empe Verifiable Data Wallet, a successful testnet launch, and a strategic shift in our app development framework, we are steadily
Empeiri

This past May has been incredibly productive for Empeiria. Following extensive R&D and valuable customer feedback, we are excited to announce significant enhancements to our End-to-End Verifiable Data Infrastructure (EVDI).

From the upcoming release of a new Empe Verifiable Data Wallet, a successful testnet launch, and a strategic shift in our app development framework, we are steadily moving toward our goal of enabling the seamless adoption of decentralized data ecosystems. Read on to discover the details of our latest developments and what they mean for the future of data privacy, security, and interoperability.

Empe Testnet Status Update

As we progress on our quest toward unmatched data privacy and security, we take great care to develop a verifiable data infrastructure that is not only highly efficient but also robust and resilient.

To that goal, we have successfully wrapped up the first phase of our internal testnet, which we launched at the end of April. This test environment plays a fundamental role in evaluating the efficiency and resilience of our infrastructure, including our blockchain and validators.

Empe testnet primarily focuses on the DID (Decentralized Identifier) module. Our advanced DID document repository includes key rotation and updating documents from off-chain to on-chain. This allows us to start DID documents as off-chain entities and later migrate them on-chain, ensuring thorough testing of security, performance, and other critical aspects.

Here’s a list of the recently tested and implemented features, a tangible result of Empe testnet:

Key Rotation Solution Developed 🔄

We have successfully developed a key rotation solution. This enhances the security and integrity of our data infrastructure, ensuring seamless key management for our users.

DID Document Creation and Updating 📝

We’ve implemented the creation and updating of DID documents. This allows for dynamic, verifiable identities that can evolve while maintaining accuracy and trustworthiness.

Off-chain to on-chain DID upgrade

The Empeiria DID method enables the creation of lightweight and free off-chain DIDs, which can subsequently be published to the blockchain for enhanced security and flexibility. Empe Blockchain ensures that only the controller of the off-chain DID can perform this operation, preventing identity theft.

DID Resolver Compatibility 🌐

The DID resolver is now fully compatible with the universal resolver. This further enhances interoperability and seamless integration across different systems.

See the Empe Testnet explorer in action

New Empe Verifiable Data Wallet

We are happy to announce the upcoming major release of our Empe Verifiable Data Wallet, rebuilt from the ground up using Empeiria’s own Verifiable Data SDK.

Empeiria’s Verifiable Data SDK is the foundation of EVDI and offers a comprehensive suite for managing digital identities (DIDs) and verifiable data (issuing, verifying, and storing data as W3C-compliant Verifiable Credentials).

The new Empe Verifiable Data Wallet marks a significant step forward in the future of data ownership. As an integral component of our highly efficient verifiable data infrastructure, it will play a crucial role in transforming digital interactions with cryptographic truth and decentralized trust.

Follow Empeiria on Twitter/X for more information on this upcoming release.

Multilanguage Support for Empe Verifiable Data Wallet

Our goal is to break down barriers in data verification and streamline the organizational adoption of decentralized data ecosystems. That’s why the new version of the Empe Verifiable Data Wallet will feature multilanguage support, allowing users to select their preferred language.

Multilanguage support offers several benefits, including improved global accessibility, enhanced user experience, and reduced friction. Moreover, offering services in the local language can be a legal requirement, and multilanguage support helps ensure compliance with these regulations.

Thanks to multilanguage support, Empe Verifiable Data Wallet can compete in international markets even more effectively, expanding our user base.

Empe Verifiable Data Wallet Now Uses React Native

You ask for it, and we deliver! Based on extensive customer feedback, we are transitioning the Empe Verifiable Data Wallet app from Flutter to React Native. Here’s why:

Reduced Context Switching

With React Native, our developers can seamlessly work across platforms, boosting productivity by minimizing language and environment switches.

Increased Development Efficiency

React Native’s tools and ecosystem streamline the development of our Verifiable Data infrastructure, slashing time and costs. Plus, hot reloading speeds up debugging and iteration.

Foundation for Future Web Expansion

By embracing React Native, Empeiria paves the way for web integration and future web3 use cases, enriching user experiences across devices.

All these updates set us on track toward seamless organizational adoption of Empeiria’s decentralized data ecosystems. As we steadily progress in the development of our End-to-End Verifiable Data Infrastructure (EVDI) we remain as passionate about empowering users with data ownership and ushering in a new era of Web3 utility as ever.

More updates and announcements coming soon! Follow Empeiria on Twitter/X, or LinkedIn so as not to miss them.

For further information, contact Empeiria at media@empe.io.


bankless

The Ethereum vs. Solana Debate | Justin Drake vs. Anatoly Yakovenko

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-justin-drake-vs-anatoly-yakovenko-interview  ------ Ethereum vs. Solana. That’s the debate we’re having today. On Ethere

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-justin-drake-vs-anatoly-yakovenko-interview 

------ Ethereum vs. Solana. That’s the debate we’re having today.

On Ethereum’s side we have Ethereum Researcher Justin Drake, and on the Solana’s we have Solana’s Co-Founder Anatoly Yakovenko.

They give us the good, the bad and the ugly of each other’s blockchain, settling their endgame towards the end of the episode. 

This was one, if not the spiciest debate we had on the show. We tried our best to give both guests time with minimal intervention. At times went well, at others it caused deep semantic rabbit holes. But overall both guests were able to communicate their messages.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------

BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

 

0:00 Intro

7:16 The Good

22:30 The Bad

52:03 Global Shared State

1:06:07 Economic Security

1:30:08 The Ugly

1:47:23 The Endgame

1:55:22 Closing & Disclaimers

------ RESOURCES

Anatoly Yakovenko https://twitter.com/aeyakovenko  

Justin Drake https://twitter.com/drakefjustin  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

 


Zaisan

What is NFT Staking?

Featured image: R2-Rewards.com So you’ve got a nice collection of non-fungible tokens (NFTs). After a few months, you have managed to amass a respectable amount of those little digital wonders. You might have been able to sell one or two, earning you enough for a couple of cups of coffee in your nearest franchised outlet. […] The post What is NFT Staking? appeared first on Zaisan.

Featured image: R2-Rewards.com

So you’ve got a nice collection of non-fungible tokens (NFTs). After a few months, you have managed to amass a respectable amount of those little digital wonders. You might have been able to sell one or two, earning you enough for a couple of cups of coffee in your nearest franchised outlet. But as you take sips off that hard-earned coffee and browse through your NFT portfolio, you can’t help but wonder about the value hidden there, just waiting to be uncovered. 

The question is, how to unlock the value in those NFTs? 

NFT staking: definition

When they hear the word staking, most people think back to the old Hammer films, when the nefarious Dracula would meet his demise with a wooden stake through the heart. And yes, that is one traditional understanding of the word staking. But it’s 2022 now, and though Count Dracula still roams somewhere down the darkest halls of our dreams, staking now means something altogether more profitable. 

In today’s digital context of NFTs, staking is sort of a game of investment/rewards. You commit (‘lock’) your NFTs into a platform or protocol for a set period, and you receive rewards (or other benefits) in exchange for such a commitment. 

Staking addresses one NFT’s inherent issue: liquidity. Remember, NFTs are tokenized assets that you can sell, trade, or, as we see in this article, stake for a yield. Staking enables earning passive income off your NFT portfolio while retaining ownership.

Fungible vs non-fungible: an explanation

For a long time, the concepts of fungibility and non-fungibility had been well outside the layman’s lexicon. But once NFTs entered public discourse, people began to learn more about what these concepts mean.

In short, fungibility means the possibility of using goods, items, or commodities interchangeably because they have the same value. Banknotes or coins, pieces of the same fruit, or a liter of petrol are good examples of fungibility.

Non-fungibility denotes uniqueness. Collectible items, including original oil paintings, baseball cards, art pieces, diamonds, and vintage cars can be considered non-fungible.

It is the latter concept that emerges as most interesting, as non-fungibility carries value, and it is a value that NFT staking unlocks.

Image: R2-rewards.com NFT staking: how it works

Unlocking the value of your NFTs through staking is easier than you think. All you need is a crypto wallet and, well, NFTs. The more the better. Then, choose a protocol or a platform to stake your NFTs in, and wait for the rewards, which might be distributed daily, weekly, or in any other fashion. It really is that simple.

NFT staking is akin to yield farming, insofar as you lock a certain amount of wealth (NFTs in this case) and receive a certain percentage of rewards based on the amount staked, the period of time that the NFTS will be locked, and other parameters.

All about staking rewards

When you invest in traditional financial products (bonds, stocks, mutual funds, etc.), you expect your investment to produce a certain yield. Equally, the ultimate purpose of staking your NFTs is to get a return – a reward.

But this raises several questions: what kind of rewards do you get? And who issues those rewards?

If you purchase an investment bond, your reward at the end of the investment term will usually be money, a certain percentage based on the bond’s performance, length of investment, etc. The staking rewards system works similarly. You lock your stake in for a certain amount of time and you get rewards. Some platforms might offer a fixed amount, while others might give users different amounts, depending on how many people are participating, and the total size of the rewards pool.

And who pays these rewards? Well, the platform or protocol where you stake your NFTs. Normally, an algorithm would calculate the due rewards based on specified parameters, and the rewards would be deposited into your account at the agreed intervals. Now, what these rewards are, depends on the protocol or platform. Sometimes, you get the platform’s native tokens, other times you get tokens that you can exchange for fiat, and certain protocols issue tokens that can only be used within their own environment (a gaming platform, for example). Always check the terms and conditions when you sign up so you know exactly what rewards you will get, and how often.

Risk versus Reward

As with most financial endeavors, returns are never guaranteed and are not entirely without risk. If you put up collateral it means you risk losing that. In the case of a staking system, there are often 2 things to keep in mind. First of all, in most staking systems you will need to purchase a staking key to get started. Buying the key can be seen as an entrance fee to the platform and there are often a variety of keys, ranging from cheap and small ones to big and expensive keys. Of course, you hope to earn your investment into the key back but this is never guaranteed.

Another risk is that the staking platform can be hacked and you may lose your NFTs since they’re not in your custody anymore. While the right permissions setup (along with responsible project owners) can drastically reduce this risk, hacks are and will always be a risk for platforms holding considerable amounts of value.

Conclusion

NFT staking is a subset of the broader decentralized finance (DeFi) ecosystem. It is a relatively new practice in the space, but there already are several NFT management companies that offer staking services, including Zaisan, which launched a staking platform in collaboration with R2. While there is an inherent risk to using and creating a staking platform, this risk can be minimised by choosing the right partners and using secure setups.

All in all, staking is just another cool utility of NFTs, which are proving to be rather versatile assets that break new ground almost every day.

The post What is NFT Staking? appeared first on Zaisan.

Friday, 31. May 2024

bankless

ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ Bankless Friday Weekly Rollup  Last Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPT

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ Bankless Friday Weekly Rollup  Last Week of May

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES 00:00:00 Injury Updates

00:05:16 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd 

00:07:22 ETF Update https://x.com/tier10k/status/1793758369804886200?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

00:09:08 When Will ETFs Launch? https://x.com/EricBalchunas/status/1795934675380109479  https://x.com/NateGeraci/status/1795255561753424157  https://x.com/JSeyff/status/1795933440090452413 

00:11:09 ETH Price Impact https://imgur.com/a/rkIfckX  https://www.theblock.co/post/296237/qcp-capital-predicts-spot-ethereum-etf-approvals-could-drive-prices-higher  https://www.grayscale.com/research/reports/the-state-of-ethereum  https://thedefireport.io/research/the-turning-point#a-simple-framework-to-think-about-p  https://x.com/ZachLight16/status/1794778924381082003 

00:19:31 The ETH Narrative https://x.com/TrustlessState/status/1795595286972383494  https://youtu.be/vo2PjvZHIR4?si=ICEq25ulL4iaguOg&t=140  https://youtu.be/rlZo7x2ABHw?si=K6WKpHGP-4_L1k5w&t=50  https://x.com/jdorman81/status/1792927796353814640 

00:30:26 David's Challenge

00:34:47 The Saylor Pivot https://x.com/JasonYanowitz/status/1793627497398948193  https://x.com/BeagleBitcoin/status/1794443617399885986  https://x.com/nic__carter/status/1792706827748294947 https://x.com/sassal0x/status/1794603287431528522

00:41:05 Presidential Pivot https://x.com/yugacohler/status/1794540212254589369  https://twitter.com/BitcoinMagazine/status/1794535395176366260?t=zcNFn9egY0fRCpxYNRu7sQ&s=19  https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=twitter&utm_medium=social 

00:47:21 Celeb Coins https://x.com/Caitlyn_Jenner/status/1794886435985846680  https://www.coingecko.com/en/coins/caitlyn-jenner  https://x.com/Caitlyn_Jenner/status/1795269306693075404  https://x.com/Caitlyn_Jenner/status/1795277298490605934  https://x.com/Caitlyn_Jenner/status/1795973191325585733  https://x.com/coffeebreak_YT/status/1795948137397338120  https://x.com/waleswoosh/status/1795046157674045567 

00:57:09 L2 Update https://l2beat.com/scaling/summary  https://x.com/jessepollak/status/1795572376555712551  https://x.com/0xDesigner/status/1794040845642957102 

00:59:57 ENS L2 https://x.com/ensdomains/status/1795440186513576318 

01:01:33 Taiko Mainnet https://x.com/taikoxyz/status/1795078728768483464 

01:03:14 Solana Updates https://forum.solana.com/t/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta/1456/97 

01:05:52 ETH vs SOL Debate

01:06:32 Gary Takes Another L  https://x.com/iampaulgrewal/status/1795511035870285827 

01:08:20 Gemini Earn Updates https://x.com/Gemini/status/1795819898049884468  https://x.com/JSeyff/status/1795928574878245126 

01:10:18 Railgun Volume Record https://thedefiant.io/news/regulation/railgun-privacy-protocol-surpasses-usd1b-in-volume-amid-crackdown-on-crypto-mixers 

01:13:29 Warpcast Bankless Frame https://warpcast.com/bankless/0xca3e17df?utm_source=Socials&utm_medium=Farcaster&utm_campaign=warpcastclaimables 

01:14:47 Meme of The Week https://x.com/eawosikaa/status/1795659750702719348 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 30. May 2024

Epicenter Podcast

PsyDAO: Decentralising Psychedelic Research - Dima Buterin & Paul Kohlhaas

One could argue that psychedelic research has experienced a similar journey as crypto, in the sense that decentralised communities bound together to fund research where centralised entities refuse to do so. One of the greatest hurdles in modern science is access to research funding, and DeSci aims to provide a solution through decentralised crowdfunding. In addition, IP rights are incontestably at

One could argue that psychedelic research has experienced a similar journey as crypto, in the sense that decentralised communities bound together to fund research where centralised entities refuse to do so. One of the greatest hurdles in modern science is access to research funding, and DeSci aims to provide a solution through decentralised crowdfunding. In addition, IP rights are incontestably attributed with the help of blockchain technology, as they cannot be altered at a later date. However, as the human mind is unique and moulded by each individual’s life story, establishing a causal relationship between consumption and their beneficial or detrimental effects can be extremely biased.

We were joined by Dima Buterin & Paul Kohlhaas, to discuss the vast subject of psychedelics (especially in relationship to trauma), how research has progressed and how decentralisation pushes the field forward (DeSci).

Topics covered in this episode:

Dima’s & Paul’s backgrounds Discovering psychedelics Dealing with trauma Psychedelics throughout history and societies How Molecule DAO was founded DeSci & on-chain IP Ethereum early days, causality & rationality PsyDAO Network states Misc

Episode links:

Dima Buterin on Twitter Paul Kohlhaas on Twitter Molecule DAO on Twitter Psy DAO on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.


Circle Press

Chainlink & Circle Expand Enterprise & Developer DeFi Engagement

Chainlink and Circle are collaborating to expand developer usage of USDC and EURC with the Chainlink platform’s industry-standard services for tokenized assets and Circle’s developer platform

Chainlink and Circle are collaborating to expand developer usage of USDC and EURC with the Chainlink platform’s industry-standard services for tokenized assets and Circle’s developer platform


Brave Browser

Brave launches Search Ads in key markets, after successful test phase with leading brands

After nearly 18 months of testing with initial partners, Brave Search Ads are now available as part of Brave's innovative privacy-preserving ad platform.

After nearly 18 months of testing and feedback from initial partners, Brave Search Ads have exited their beta phase and are now available in major markets as part of Brave’s innovative privacy-preserving ad platform. Leading brands such as Amazon Ads Sponsored Products, Dell, Fubo, Insurify, Shutterstock, and Thumbtack are using Brave Search Ads as part of their performance marketing strategies.

As of April 2024, a third of the top search advertisers in the US by media spend are either currently testing or have moved to paid Brave Search Ads campaigns. Since the beginning of the year, 89% of customers who started Brave Search Ads campaigns have continued to advertise in consecutive months.

Brave Search is available globally to all desktop and mobile users at search.brave.com, and is also the default search engine in the Brave browser, which has over 65 million monthly active users. It’s the fastest growing search engine since Bing, with over 10 billion annual queries. For advertisers, Brave Search Ads are a vital new channel to augment their existing strategy, helping them reach highly qualified—but otherwise unreachable—audiences.

An example of an ad on Brave Search

I’m grateful to our partners for their contributions to the development of Brave Search Ads. With their insight, we’ve built a highly effective ad platform that, with time and continued support from global advertisers, has the power to challenge Google’s monopoly on search advertising. We’re excited to be expanding our offering to even more of the world’s leading brands, and encourage industry leaders to try Brave Search Ads for free before committing any paid spend.

— Jean-Paul Schmetz, Head of Search Ads, Brave

Building a better user-first search experience

Brave Search is attracting users who have become dissatisfied with the quality of search results from Google and Bing, as well as those concerned with the invasive collection and use of data by Big Tech. Brave Search offers an alternative to Google’s share of the global search market, which has led them to prioritize revenue generation at the expense of user experience and privacy.

Brave offers a fresh perspective by putting users first and maintaining an independent search index—the only one in the Western Hemisphere apart from Google and Bing. In addition to leading privacy and a streamlined user interface, Brave Search offers powerful features to enhance and customize productivity. These features include Code LLM, for code-related queries; Goggles, which allows users to create their own result filters; and, most recently, an AI-powered integrated answer engine that generates detailed and near instant results with cited sources.

Search Ads are available risk-free for brands in major western markets

Brave Search Ads are now available to brands in the U.S., Canada, the United Kingdom, France, and Germany on a managed service basis. To qualify for advertising, prospective customers must meet a minimum threshold of eligible ad impressions in their desired region. Typically, brands that satisfy this requirement possess robust paid search (SEM/PPC) operations and view Brave Search Ads as a vital component of their continuous performance marketing strategy.

Brave offers up to 14 days of complimentary advertising on Brave Search for eligible brands, enabling them to properly evaluate the Return On Ad Spend (ROAS) before initiating paid campaigns. Ads are sold on a cost-per-click basis, with the rate negotiated on a fixed basis prior to the launch of paid campaigns. Brands can verify their eligibility at https://ads.brave.com/register/search or contact adsales@brave.com to discuss search ads.

Wednesday, 29. May 2024

Circle Press

Circle Launches in Brazil to Catalyze Digital Dollar Access

Partnering with local fintech leaders to enable low-cost and streamlined access to USDC 

Partnering with local fintech leaders to enable low-cost and streamlined access to USDC 

Tuesday, 28. May 2024

RadicalxChange(s)

Frank H. McCourt Jr.: Founder of Project Liberty (Part I)

Today, in Part I of a two-episode conversation, Matt Prewitt is joined by civic entrepreneur and Founder of Project Liberty, Frank H. McCourt, Jr., who is on a mission to reclaim the internet and prioritize human rights in our digital landscape. Drawing parallels between the early public oversight of television and the current state of the internet, Frank highlights the commodification of our data

Today, in Part I of a two-episode conversation, Matt Prewitt is joined by civic entrepreneur and Founder of Project Liberty, Frank H. McCourt, Jr., who is on a mission to reclaim the internet and prioritize human rights in our digital landscape. Drawing parallels between the early public oversight of television and the current state of the internet, Frank highlights the commodification of our data and identities online. He advocates for new protocols and a movement inspired by historical fights against oppression to secure genuine data rights and agency online. As we look to the future, Project Liberty's endeavors may play a crucial role. This interview is a fantastic opportunity to hear more about Frank's thinking.

Links & References: 

References:

Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age by Frank H. McCourt, Jr. with Michael J. Casey Tim Berners-Lee - Wikipedia FACT SHEET: CHIPS and Science Act Will Lower Costs, Create Jobs, Strengthen Supply Chains, and Counter China | The White House Mythbusting: The Facts On Reports About Our Data Collection Practices | TikTok Newsroom Sesame Workshop - Wikipedia GDPR The Digital Markets Act: ensuring fair and open digital markets - European Commission The EU’s Digital Services Act TCP/IP | Internet protocol suite - Wikipedia HTTP - Wikipedia Distributed Social Networking Protocol - Wikipedia Technology | Project Liberty Common Sense - Wikipedia

Bios:

Frank H. McCourt, Jr. is a civic entrepreneur and the executive chairman and former CEO of McCourt Global, a private family company committed to building a better future through its work across the real estate, sports, technology, media, and capital investment industries, as well as its significant philanthropic activities. Frank is proud to extend his family’s 130-year legacy of merging community and social impact with financial results, an approach that started when the original McCourt Company was launched in Boston in 1893.

He is a passionate supporter of multiple academic, civic, and cultural institutions and initiatives. He is the founder and executive chairman of Project Liberty, a far-reaching, $500 million initiative to transform the internet through a new, equitable technology infrastructure and rebuild social media in a way that enables users to own and control their personal data. The project includes the development of a groundbreaking, open-source internet protocol called the Decentralized Social Networking Protocol (DSNP), which will be owned by the public to serve as a new web infrastructure. It also includes the creation of Project Liberty’s Institute (formerly The McCourt Institute,) launched with founding partners Georgetown University in Washington, D.C., Stanford University in Palo Alto, CA, and Sciences Po in Paris, to advance research, bring together technologists and social scientists, and develop a governance model for the internet’s next era.

Frank has served on Georgetown University’s Board of Directors for many years and, in 2013, made a $100 million founding investment to create Georgetown University’s McCourt School of Public Policy. He expanded on this in 2021 with a $100 million investment to catalyze an inclusive pipeline of public policy leaders and put the school on a path to becoming tuition-free.

In 2024, Frank released his first book, OUR BIGGEST FIGHT: Reclaiming Liberty, Humanity, and Dignity in the Digital Age.

Frank’s Social Links:

Project Liberty Project Liberty (@pro_jectliberty) / X Project Liberty (@pro_jectliberty) • Instagram McCourt Institute (@McCourtInst) / X

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


bankless

In This Economy? How Money & Markets Really Work | Kyla Scanlon

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ Is it all vibes? Always has been. Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain. Expect to learn why econom

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ Is it all vibes? Always has been.

Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain.

Expect to learn why economies are vibe reflectors, Kyla’s “economic kingdom” model and an overview on the current state of economic affairs.

Financial literacy is a superpower and Kyla managed to compress this topic that people have been trying to figure out for ages in an easy to understand economics toolbox. 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS

0:00 Intro 6:55 The Vibes Economy 12:10 Understanding Money & Finance 17:04 The Economic Kingdom 20:37 The Monetary Castle 28:35 The Fiscal Castle 37:47 Vibes are the Economy 56:23 The Deciders 1:00:55 Housing Market 1:06:58 The Labor Market 1:13:35 Wealth Inequality 1:19:12 Energy 1:23:01 The Economics Toolbox 1:28:03 What’s Next for Kyla 1:33:03 Closing & Disclaimers

------ RESOURCES

Kyla Scanlon on X https://x.com/kylascan  

Kyla Scanlon Website https://kylascanlon.com/  

Order “In this Economy?” Now https://www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/  

Kyla’s “AI Can't Plant Corn (Yet)” https://kyla.substack.com/p/ai-cant-plant-corn-yet  

WSJ “How Gen Z Is Becoming the Toolbelt Generation” https://www.wsj.com/lifestyle/careers/gen-z-trades-jobs-plumbing-welding-a76b5e43  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Zaisan

How to Build an NFT Community

NFT Community management can help ensure the smooth operation of non-fungible token (NFT) communities and their future development in Web3. The idea is to keep track of community events and developments while keeping the community organised and cohesive toward the project goal. Community management can help to resolve disputes and to show empathy to digital […] The post How to Build an NFT Commu

NFT Community management can help ensure the smooth operation of non-fungible token (NFT) communities and their future development in Web3. The idea is to keep track of community events and developments while keeping the community organised and cohesive toward the project goal. Community management can help to resolve disputes and to show empathy to digital asset owners. Nevertheless, NFT holders are, in essence, shareholders of the project. NFT community management is becoming increasingly more important as Web3 communities grow, and with a strong community, anything is possible.

Quick refresh: what is an NFT (community)?

The management of NFT communities is a critical but often overlooked aspect of developing and deploying these digital assets. NFTs are unique tokens on a blockchain that can represent ownership of digital or physical assets. In contrast to fungible tokens, which are interchangeable and can be divided into smaller units, NFTs are non-divisible. Due to their rarity or uniqueness, they are ideal for representing items like art, collectibles, or in-game items with monetary value.

NFT communities are flourishing online spaces where people with a shared interest in NFTs can connect with one another. As the popularity of NFTs continue to grow, as does the number of people flocking to these communities in search of information, advice, and support.

Why NFT community management is essential

With a wide range of people with different levels of knowledge and expertise, NFT community management can be a challenge. It is important to strike a balance between providing content that is both informative and accessible to all while avoiding overwhelming newcomers with too much information.

While the technical aspects of creating and deploying NFTs are essential, it is equally important to have a well-managed community around the project. This is because NFTs are often bought and sold in online communities. The success of an NFT project depends on the strength of these communities. For example, an NFT gaming organisation needs players to enjoy the game enough to transact in-game assets with one another.

A good NFT community will contain a variety of content that covers the basics of what NFTs are and how they work. Additionally, it includes more in-depth articles and discussions for those with a more advanced understanding. It is also essential to have a protocol for moderating content and managing users to keep the community respectful and welcoming to all. One way is by establishing rules and best practices written on communication channels or creating a tutorial page for newcomers.

With the right mix of content and community management, NFT communities can be a valuable resource for anyone interested in this exciting technology. It can be a fun entry point to the Web3 world!

3 Tips to create a strong foundation for your NFT Community

There are a few things that project owners should keep in mind when managing their NFT communities.

1. Constantly remind people of your vision

Have a clear vision and communicate constantly with your members. This way, you can keep everyone on the same page and working towards the same goals. Let’s take, for example, an NFT online chess game that allows users to interact with in-game assets and transact them. This creates a Play-to-Earn (P2E) model. The NFT game envisions creating a community where chess players can enjoy the game while earning rewards in the form of digital assets, NFTs and cryptocurrency. It is therefore necessary for a weekly content plan to include benefits and positive facts about NFT online chess, to create rapport and build trust in the project as more players join.

2. Active moderation is key

The project ambassadors should be active in the community and should engage with community members regularly. This is essentially getting more experienced people in the community to become a moderator. They should be the ones who are zealously advocating for the project. However, a community manager is needed to push content forward and stay attentive to the market needs.

3. Get people involved in decision-making

Finally, it is vital to have a community-centred approach to decision-making. This means that the community should be involved in decisions about the project, such as what features to add or what direction to take the project in. This will lead the project to a democratic system. The funds spent on NFTs are being directed to the project development from a shared decision-making perspective. In practice, this can be done through a voting system or members’ livestream meetings with the project owner.

The post How to Build an NFT Community appeared first on Zaisan.

Monday, 27. May 2024

Zcash Foundation

Opening Nominations for the Zcash Community Grants Committee

The Zcash Community Grants (ZCG) program funds independent teams to perform major ongoing development (or other work) that benefits the Zcash ecosystem. Grants are chosen by a five-person committee whose members are elected by the Zcash Community Advisory Panel (ZCAP). Two of the current committee members’ terms are expiring at the end of June (Wobbzz […] The post Opening Nominations for the Zca

The Zcash Community Grants (ZCG) program funds independent teams to perform major ongoing development (or other work) that benefits the Zcash ecosystem. Grants are chosen by a five-person committee whose members are elected by the Zcash Community Advisory Panel (ZCAP).

Two of the current committee members’ terms are expiring at the end of June (Wobbzz and GGuy). Therefore, we are inviting nominations for an election to be held in June.

How to Stand for Election to the Zcash Community Grants (ZCG) Committee

Anyone can stand for election to the ZCG committee. Existing members may stand for re-election, and there are no term limits.

Candidates should submit a forum post (ideally five paragraphs or less) in the ZCG Elections category of the Zcash Community Forum, announcing their candidacy, and outlining why they believe they should be elected to the ZCG Committee. Community members will have an opportunity to ask candidates questions directly by replying to their individual posts.

The deadline for nominations is 09:00 UTC on Monday 10th June 2024. 

We cannot prevent anyone from talking about their candidacy in other media, but we encourage candidates to use the forum threads as their primary method of “campaigning.” Doing so will make it easier for Zcash community members to interact with and assess candidates.

In mid-June the Zcash Foundation will host a community call, during which the candidates will have an opportunity to introduce themselves, and answer questions from the Zcash community.

After the community call, ZF will open a Helios poll of ZCAP to select two candidates to join the ZCG Committee. The poll will close at 09:00 UTC on 1st July 2024. As with previous polls, the election will be decided by approval voting. The two candidates with the most approval votes will become the new ZCG Committee members. They will serve a one-year term, ending on 30th June 2025.

Prospective candidates should familiarize themselves with the Conflict of Interest policy (see below).

About the Zcash Community Grants Committee

The largest slice of the Zcash Dev Fund is earmarked for major grants “to fund independent teams entering the Zcash ecosystem, to perform major ongoing development work (or other word) for the public good of the Zcash ecosystem”. While the funds are administered and disbursed by the Zcash Foundation (ZF), applications for major grants are subject to approval by a five-seat Major Grant Review Committee, which is elected by the Zcash Community Advisory Panel (ZCAP).

The first Committee was elected in September 2020, and adopted the moniker Zcash Open Major Grants (ZOMG). The second Committee was elected in December 2021, and re-branded itself Zcash Community Grants (ZCG). 

The Committee is responsible for reviewing, assessing and approving or rejecting grant applications, in accordance with the strictures and guidelines set forth in ZIP 1014. Currently, formal Committee meetings are held every two weeks, and the Committee meets informally for brainstorming sessions on a weekly basis.

Committee members receive a stipend of $1,725 per calendar month (paid as shielded ZEC).

Conflict of Interest Policy

As a 501(c)(3) non-profit, the Zcash Foundation is subject to rules regarding private benefit and inurement, and is obligated to have an appropriate policy and processes in place to ensure that actual and potential conflicts of interest are disclosed and managed appropriately, in order to avoid the appearance or actuality of private benefit to individuals who are in a position of substantial authority..

Before taking their seat on ZCG Committee, newly-elected Committee members are required to undergo the ZF’s KYC process, complete a conflict of interest questionnaire, and sign an independent contractor agreement with ZF (to ensure that their status and relationship with ZF is clearly-defined). Additionally, serving ZCG Committee members are required to notify ZF of any new actual or potential conflicts of interest that develop or emerge during their tenure. 

The following policies also apply in relation to ZCG Committee members and entities in which a serving ZCG Committee member is an officer or director or otherwise has a financial interest:

Serving ZCG Committee members, and entities in which a serving ZCG Committee member is an officer or director or otherwise has a financial interest, are ineligible to submit a new grant application to ZCG. A person who has submitted a grant application (or who is an officer or director or otherwise has a financial interest in an entity that has submitted a grant application) on which the ZCG Committee has not yet rendered a decision is ineligible to serve as a ZCG Committee member (unless the grant application is withdrawn). A person who is a current grant recipient (or a person who is an officer or director or otherwise has a financial interest in an entity that is a current grant recipient) is eligible to serve on the ZCG Committee so long as the decision to accept their grant application was made before they began serving as a member of the ZCG Committee. Milestone payout decisions that relate to a serving ZCG Committee member’s grant (or a grant awarded to an entity in which a serving ZCG Committee member has a financial interest) will be taken by the executive director or other officer of ZF. Before taking their seat on ZCG Committee, newly-elected Committee members will be required to undergo the ZF’s KYC process, complete a conflict of interest questionnaire, and sign an independent contractor agreement with ZF (to ensure that their status and relationship with ZF is clearly-defined). Additionally, serving ZCG Committee members are required to notify ZF of any new conflicts of interest that develop or emerge during their tenure.

If prospective candidates have any questions about the role, they should post them to this topic on the Zcash Community Forums.

The post Opening Nominations for the Zcash Community Grants Committee appeared first on Zcash Foundation.


bankless

Stablecoins and National Security | Former CFTC Chair Timothy Massad

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/6    ------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-timothy-massad-interview    ------ Are stablecoins a threat to national security? How should the US government step in?   We brought Timothy Massad, the

✨ Mint the episode on Zora ✨

https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/6 

 

------

🎬 DEBRIEF | Ryan & David unpacking the episode:

https://www.bankless.com/debrief-the-timothy-massad-interview 

 

------

Are stablecoins a threat to national security? How should the US government step in?

 

We brought Timothy Massad, the perfect guest to help us answer these hard questions. He was the Obama appointed chair for the CFTC, the guy who helped designate Bitcoin as a commodity over 10 years ago.

 

We touch on:

- The importance of stablecoins.

- How stablecoins compare to eurodollars.

- Weather crypto and sanctions can co-exist.

- A sensible policy for stablecoins.

- And finally, his thoughts on what happens next.

 

Timothy brings a whole different perspective from what we’re used to in our crypto bubble. That’s exactly why you should tune into this episode.

 

------

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🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

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🔗CELO | CEL2 COMING SOON

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⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🛞MANTLE | MODULAR LAYER 2 NETWORK

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

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🌐 CARTESI | APPLY FOR A GRANT

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------

TIMESTAMPS

 

0:00 Intro

6:34 Timothy’s Background

9:30 Security vs Commodity

12:46 Stablecoin First Impressions

21:42 The Importance of Stablecoins

28:26 History of the Eurodollar

38:46 Economic Sanctions

47:47 Stablecoins and Sanctions

1:08:59 A Stablecoin Future

1:13:37 A CBDC Future

1:18:49 What about Privacy?

1:20:58 The Role of the Dollar

1:23:18 Stablecoins Abroad

1:25:43 Predictions

1:28:10 Closing & Disclaimers

 

------

RESOURCES

 

Timothy Massad

https://x.com/timmassad 

 

Stablecoins and National Security by Timothy Massad

https://www.brookings.edu/articles/stablecoins-and-national-security-learning-the-lessons-of-eurodollars/ 

 

Five Perspectives on Stablecoins by Nic Carter

https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a 

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠  


a16z Podcast

The GenAI 100: The Apps that Stick

Consumer AI is moving fast, so who's leading the charge?  a16z Consumer Partners Olivia Moore and Bryan Kim discuss our GenAI 100 list and what it takes for an AI model to stand out and dominate the market. They discuss how these cutting-edge apps are connecting with their users and debate whether traditional strategies like paid acquisition and network effects are still effective. We're go

Consumer AI is moving fast, so who's leading the charge? 

a16z Consumer Partners Olivia Moore and Bryan Kim discuss our GenAI 100 list and what it takes for an AI model to stand out and dominate the market.

They discuss how these cutting-edge apps are connecting with their users and debate whether traditional strategies like paid acquisition and network effects are still effective. We're going beyond rankings to explore pivotal benchmarks like D7 retention and introduce metrics that define today's AI market.

Note: This episode was recorded prior to OpenAI's Spring update. Catch our latest insights in the previous episode to stay ahead!

 

Resources:

Link to the Gen AI 100: https://a16z.com/100-gen-ai-apps

Find Bryan on Twitter: https://twitter.com/kirbyman01

Find Olivia on Twitter: https://x.com/omooretweets

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Empiria

Deep Dives: Self-Sovereign Identity

Tired of juggling accounts and passwords just to get through your daily online tasks? Wary of surrendering your data to tech giants in exchange for the convenience of “login with Facebook, Google, or Apple”? You’re not alone. Managing our digital identities has been a challenge, since the early days of the internet. The good news is, a change is coming. A new approach to sharing, storing, and ver

Tired of juggling accounts and passwords just to get through your daily online tasks? Wary of surrendering your data to tech giants in exchange for the convenience of “login with Facebook, Google, or Apple”? You’re not alone. Managing our digital identities has been a challenge, since the early days of the internet.

The good news is, a change is coming. A new approach to sharing, storing, and verifying data is emerging, and it promises to fill a massive gap in the internet as we know it today — its identity layer. It’s called SSI, short for self-sovereign identity.

With SSI, you control your data, deciding what information to share and with whom. No more endless accounts and passwords! No more entrusting your data to corporations. No more risk of data breaches and leaks.

But that’s just the beginning. SSI has the potential to benefit not just individuals, but also companies and institutions by streamlining processes, reducing fraud, and fostering a more secure online environment. In this article, we dive deeper into this innovative concept and discover how SSI can transform digital interactions.

What is Self-Sovereign Identity (SSI)?

Self-Sovereign Identity (SSI) is a concept in digital identity, where individuals have complete ownership and control over their personal identity information. Unlike traditional identity systems that rely on centralized authorities or third-party intermediaries, SSI empowers users to manage, and share, their data autonomously. This approach ensures that individuals can authenticate themselves and prove their identity without depending on external entities, enhancing privacy, security, and user autonomy.

In an SSI framework, identity data is stored privately, in users’ digital wallets, and protected from unauthorized access thanks to the power of cryptography and decentralization. Users control access to their information, enabling them to grant or revoke permissions to various service providers or entities as needed. This user-centric model stands in contrast to traditional models, where identity data is often stored in centralized databases vulnerable to breaches and misuse.

Key Features and Principles of SSI

Here are the key features and principles of SSI:

User-Centric: In SSI, users have access and control over their identity data. They can decide what information to share, with whom, and for how long. Privacy-Enhancing: SSI is designed to prioritize privacy. SSI uses technologies like blockchain to allow users to prove their identity without revealing unnecessary personal information. Disclosure of claims must be minimized. Decentralized: Traditional identity systems are controlled by central authorities, while SSI is built on decentralized principles. The holder keeps all his data within the wallet. Interoperable: SSI systems aim to be universally applicable, allowing users to use their identity across different services and platforms without separate credentials. Secure: These systems use advanced cryptographic techniques to ensure that identity data is secure and cannot be tampered with. Consent-Based: Any sharing of personal data in SSI systems is based on the user’s explicit consent, providing greater control over personal data. Portable: Users can carry their identity across different platforms and services without depending on a single provider. Transparent: System and algorithms are transparent so that other entities can verify. Empe Insight
“One of the key advantages of SSI technology is its interoperability. This means that the Holder can store credentials from different issuers, using various DID methods. On the other hand, the Verifier can verify these credentials in different registries. This makes SSI an extremely flexible solution that can be widely adopted across various business sectors.”
Łukasz Jankowski, Solutions Architect, Empeiria
Before SSI

SSI didn’t appear out of nowhere. Instead, a series of steps in the evolution of digital identity management led to this invention. We currently identify the following stages of this evolution:

Paper Era Credential Issuance: In the pre-internet era, identity credentials were issued in paper form, hand-signed and sealed by officials (issuer), and handed over in paper form to the applicant (holder). The post office could handle this operation. Digitalization and Electronic Storage: With the advent of digitalization, we began scanning and storing data electronically as graphic files or PDFs. This facilitated the search and archiving of documents but left unresolved issues of distribution and verification outside the office. The electronic transmission of credentials to applicants allowed them to present them as needed, but verifying the authenticity of such documents, especially those of critical importance like property deeds or identity proofs, was problematic. Silos Model: The centralization of electronic data repositories was a significant advancement. It granted applicants remote access to necessary documents after logging in with authentication data. Federated Login Model: In the Silos Model, the need to memorize access data for various systems and cope with diverse authentication methods posed a challenge. One solution that emerged to address it is the Federated Login Model, exemplified by OpenID, commonly recognized as “Login with Google” or “Login with Facebook.” User-Centric Model: While the Federated Login Model enhanced accessibility, it failed to resolve two crucial challenges: credentials storage and verification. Enter Self-Sovereign Identity (SSI), a User-Centric Model, heralding a paradigm shift that addresses these challenges and signifies a transformative leap toward a more secure and user-centric digital identity landscape. Technical Foundations of SSI

Self-Sovereign Identity (SSI) relies on a blend of innovative technologies to empower user control and decentralize identity management. Here’s a breakdown of the key innovations that make self-sovereign identity possible:

Blockchain Technology: Blockchain plays a crucial role in SSI. It provides a tamper-proof ledger for recording critical events like the issuance and ownership of Verifiable Credentials (VCs). Imagine a public registry where everyone can verify the authenticity of a credential without relying on a central authority. Transactions on the blockchain are secured through cryptography, making it highly resistant to tampering or fraud.

Public-Key Cryptography: This creates a key pair — a public key for sharing information and a private key for secure access. VCs are typically signed with the issuer’s private key, and anyone can verify the signature using the corresponding public key. This ensures the authenticity of the credential.

Digital Signatures: Similar to signing a physical document, digital signatures provide cryptographic proof that a specific entity (e.g., university) issued a VC. This allows relying parties (e.g., employers) to trust the information without contacting the issuer directly.

Hash Functions: These are one-way mathematical functions that transform data into a unique fingerprint. Any change to the data will result in a completely different hash, making it easy to detect alterations. Hash functions are used to ensure the data within a VC hasn’t been tampered with.

Decentralized Identifiers (DIDs): Imagine a unique web address for your identity, not tied to any specific platform or service provider. DIDs provide this functionality. They are globally unique, user-managed identifiers, offering greater control over how their identity is represented online.

Verifiable Credentials (VCs): These are tamper-proof digital documents containing a user’s verifiable claims about themselves, such as educational qualifications or work experience. VCs are issued by trusted entities (e.g., universities) and stored securely in the user’s digital wallet. When needed, users can selectively share specific VCs with third parties for verification. Cryptographic proofs are used to demonstrate the validity and authenticity of the credential without revealing any unnecessary underlying data.

This combination of technologies empowers users to control their identity data, securely share verified credentials, and interact online with greater trust and transparency.

Roles in the SSI framework

The most convenient way to depict the SSI framework participants is via the so-called SSI Triangle. Below is just a brief introduction of the core participants:

Issuers: Trusted entities authorized to issue VCs. This could include universities issuing diplomas, governments providing licenses, or employers verifying employment status, etc. Holders: Individuals or entities who own their DIDs and VCs stored securely in their digital wallets. Verifiers: Parties who rely on VCs to confirm an identity claim. This could be an employer verifying work experience for a job application or a bank verifying age for opening an account. SSI Protocols and Standards

The success of SSI relies on a strong foundation of interoperable protocols and standards. Here, we explore some key contributions:

W3C DID Standard: The World Wide Web Consortium (W3C) plays a crucial role in defining core standards for SSI. The W3C Decentralized Identifier (DID) standard specifies how to create and manage globally unique identifiers that are independent of any centralized authority. This empowers users to control their DIDs and decide where their identity data resides. Imagine a universal username you control, not tied to a specific platform!

W3C Verifiable Credentials Data Model: This W3C standard defines the structure and format for Verifiable Credentials (VCs). It specifies what information a VC can contain, how it should be formatted, and how it can be cryptographically signed for tamper-proof verification. This standardization ensures that VCs issued by different entities can be understood and verified consistently across the SSI ecosystem.

Industry Initiatives and Working Groups: Beyond W3C, numerous industry initiatives and working groups, such as the Decentralized Identity Foundation (DIF), are actively shaping the future of SSI standards. These groups bring together stakeholders like technology providers, government agencies, and user representatives to develop and implement best practices for SSI deployments. Their ongoing work fosters interoperability, promotes innovation, and ensures a robust and user-centric SSI ecosystem.

Implementation and Use Cases

SSI is no longer a theoretical concept; it’s gaining traction across various sectors. Let’s explore some potential real-world applications:

Individual Digital Identity Management: Secure Logins: Imagine logging into online services without usernames and passwords. SSI enables users to present verifiable credentials (e.g., age verification) to access age-restricted content without revealing unnecessary personal information. Decentralized Wallets: Digital wallets for storing and managing DIDs and VCs are actively being developed. These wallets empower individuals to control their data and decide what information to share with different service providers. Enterprise and Institutional Solutions: Customer Onboarding: Streamline customer onboarding processes by allowing users to share pre-verified credentials (e.g., proof of address) from trusted issuers, eliminating the need for repetitive data collection. Supply Chain Management: Verify the authenticity of products and track their origin through the supply chain using tamper-proof VCs. This enhances transparency and combats counterfeiting. Travel and Immigration: Imagine a future where travelers can present verifiable credentials for passports or visas at border crossings, simplifying the process and reducing reliance on physical documents. Academic Credentials: Universities can issue verifiable credentials for diplomas or transcripts, allowing students to easily share them with potential employers or educational institutions globally. Empe Insight:
“SSI technology finds wide application in many businesses, from finance and healthcare to education and logistics, to name a few. Thanks to the ability to securely and privately store and share data, including the most critical ones, as well as revoke them, it can be utilized in many use cases across various industries.”
Łukasz Jankowski, Solutions Architect, Empeiria

These are just a few examples, and the potential applications of SSI are vast. As the technology matures and adoption increases, we can expect even more innovative use cases to emerge, transforming how we manage and interact with our digital identities online.

Regulatory and Compliance Aspects

The world of data privacy is constantly evolving, with regulations like the General Data Protection Regulation (GDPR) placing stricter controls on how personal information is collected, used, and stored. Here’s how SSI interacts with this regulatory landscape:

Alignment with Data Privacy Regulations: SSI and data privacy regulations like GDPR share a common goal: empowering individuals to control their data. SSI principles align perfectly with GDPR requirements. By putting users in control of their data through DIDs and VCs, SSI facilitates compliance by making it easier for individuals to access, share, and revoke their information.

SSI offers unique advantages for regulatory compliance. Here’s how:

Transparency: Verifiable Credentials provide a transparent record of who issued the data, what information it contains, and with whom it was shared. This granular control allows users to understand how their data is being used. User Control: By giving users control over their data through DIDs and digital wallets, SSI empowers them to comply with “Right to be Forgotten” requests or easily revoke access to their information. This reduces the burden on organizations to manage individual data requests.

Overall, SSI presents a promising solution for navigating the complexities of data privacy regulations. As the technology matures and regulations evolve, a more user-centric and compliant approach to data management can be achieved.

Empeiria’s EVDI and SSI

Empeiria’s End-to-End Verifiable Data Infrastructure (EVDI) seamlessly bridges legacy data systems with decentralized SSI solutions, enabling a smooth transition to modern verifiable data management. With one-click deployment, organizations can easily adopt decentralized data ecosystems, enhancing security, privacy, and efficiency.

Conclusion

The potential of SSI to transform our digital interaction is undeniable. It enables a future where individuals own their digital identities, share information securely, and experience a more user-centric online environment.

This transformation requires active participation from all stakeholders. Individuals can embrace SSI by learning about the technology and demanding control over their data. Businesses and institutions can explore how SSI can streamline processes, enhance security, and build trust. Policymakers can collaborate with industry to develop regulations that promote innovation while safeguarding privacy.

As we work towards a future powered by SSI, let’s remember that the key to unlocking the full potential of the digital world lies in empowering individuals to control their own identities.

Get in touch

For inquiries or further information, contact Empeiria at media@empe.io, on Twitter/X, or LinkedIn. Follow Empeiria on social media for the latest news & updates.

Friday, 24. May 2024

Epicenter Podcast

Crypto ETFs: Trojan Horse or Big Win? - Austin Griffith, Mona El Isa, Peter Van Valkenburgh

The approval of Ethereum spot ETFs sent shockwaves through the industry as policymakers pivoted abruptly from threatening to veto FIT21 bill, to a pro-crypto discourse. One could say their hand was forced by the imminent US elections, but Ethereum is now officially classified as a commodity, nonetheless. As the regulatory hurdle seems, for the time being, surpassed, one should not forget the value

The approval of Ethereum spot ETFs sent shockwaves through the industry as policymakers pivoted abruptly from threatening to veto FIT21 bill, to a pro-crypto discourse. One could say their hand was forced by the imminent US elections, but Ethereum is now officially classified as a commodity, nonetheless. As the regulatory hurdle seems, for the time being, surpassed, one should not forget the values promoted by the crypto movement from the get-go: decentralisation and permissionlessness. However, everyday users tend to overlook these aspects in favour of a more streamlined user experience. As technology evolves and scaling solutions mature, better UI & UX represent crucial goals in the race for end user adoption.

Topics covered in this episode:

Crypto regulations: FIT21 & Tornado Cash trial Ethereum spot ETF Is Ethereum a commodity or a security? Scaling solutions & end user adoption The importance of decentralisation How Web3 lowers barriers of (permissionless) competition Regulatory and legal hurdles Educating ‘normies’ & UX Technology: depoliticising money Berlin blockchain week & Dappcon 2024 wrap-up

Episode links:

Austin Griffith on Twitter Mona El Isa on Twitter Peter Van Valkenburgh on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst and Brian Fabian Crain.


bankless

Why the Ethereum ETF is Bullish $ETH | Matt Hougan of Bitwise

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/5  ------ Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets.  Today we dive into the specifics on what exactly the ETF approval means for ETH. ------ 📣S

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/5  ------ Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets. 

Today we dive into the specifics on what exactly the ETF approval means for ETH.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Intro 05:46 What Exactly Happened? 08:45 Was This Really Political? 12:11 Who's Responsible For This 16:46 Next Steps For ETF 20:36 Matt's ETF Story 22:44 ETF Price Impact 27:38 ETF Inflow Predictions 34:50 Explaining The ETH Narrative 38:23 Matt's 2 Minute Pitch 45:12 How Bitwise's Job Changes 49:01 ETH Charts 54:31 Legislation

------ RESOURCES Matt on X: https://x.com/Matt_Hougan 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Zcash

A proposal for the next Zcash Dev Fund

Electric Coin Co. (ECC) has posted a ZIP for consideration in ongoing discussions about the Zcash Development Fund. Our CEO, Josh Swihart, published it today on the Zcash Community Forum, […] Source
Electric Coin Co. (ECC) has posted a ZIP for consideration in ongoing discussions about the Zcash Development Fund. Our CEO, Josh Swihart, published it today on the Zcash Community Forum, […]

Source


Circle Blog

State of the USDC Economy and the Future of Money

The rise of blockchain technology has fueled a convergence of money and the internet, rewiring the software used to move value globally. We’re building the largest and most widely used open money network in the world with USDC, and Circle executives recently hosted an Executive Insights discussion to review the state of the USDC economy.

The rise of blockchain technology has fueled a convergence of money and the internet, rewiring the software used to move value globally. We’re building the largest and most widely used open money network in the world with USDC, and Circle executives recently hosted an Executive Insights discussion to review the state of the USDC economy.


bankless

ROLLUP: ETH ETF Approved | Crypto Politics | Uniswap Wells Notice | Airdrop Reset?

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/4 ------ Bankless Friday Weekly Rollup  4th Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  🔗

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/4

------ Bankless Friday Weekly Rollup  4th Week of May

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES

0:00 Intro

3:52 MARKET WatcherGuru/status/1792646445075431627 https://ycharts.com/companies/ETHE/discount_or_premium_to_nav  https://x.com/Timccopeland/status/1793653604387328381  https://x.com/bx1core/status/1792712990141338049  https://imgur.com/hbveuq5  https://x.com/pythianism/status/1793369623301403024  https://x.com/UncleRewards/status/1793623611405947147  https://imgur.com/uevxXfe  https://www.coinglass.com/bitcoin-etf 

18:54 How the odds of an ETH ETF approval suddenly swung in our favor  https://x.com/BanklessHQ/status/1791140496397468064  https://x.com/RyanSAdams/status/1791147869791002699   https://www.youtube.com/watch?v=bFEGCmHqBT4&t=898s  https://x.com/songadaymann/status/1792667124919599263  https://x.com/EricBalchunas/status/1792636523050906102  https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/  https://x.com/JSeyff/status/1793039305125790105 

26:28 Letter Urging ETH ETF Approval from Congress - THIS MORNING https://x.com/EricBalchunas/status/1793620303966503267  https://x.com/CGasparino/status/1793268472484425865  https://x.com/nategeraci/status/1792993889189593502  https://x.com/JSeyff/status/1792650597377757456 

29:50 Promethum is launching its Ethereum custody  https://fortune.com/crypto/2024/05/20/controversial-digital-assets-firm-prometheum-launches-long-awaited-ether-custody-argues-that-existing-laws-work-for-crypto/  https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409274  https://x.com/RyanSAdams/status/1792907980624523549  https://x.com/jchervinsky/status/1793398130269954346 

32:16 FIT21 passes the House 279 - 136 🎉 https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277  https://x.com/avichal/status/1793370415664148496  https://youtu.be/_QvOzpKX3I4?si=__6q_Ffl-PU7R4oe  https://x.com/BanklessHQ/status/1793291448965624088  https://pelosi.house.gov/news/press-releases/pelosi-statement-fit21-legislation  https://x.com/BanklessHQ/status/1793367943671402923  

43:12 Another win for crypto this week - “Choke Point Marty is done” https://x.com/nic__carter/status/1792569285799186641  https://x.com/twobitidiot/status/1793606319301447920   https://www.sec.gov/news/statement/gensler-21st-century-act-05222024  https://x.com/twobitidiot/status/1793399316012318821  https://x.com/zerohedge/status/1792659983370523096  https://x.com/nic__carter/status/1792660581272670650  https://x.com/meanwhilelife/status/1792936024244466174  Exhibit A: https://x.com/ewarren/status/1641138829162577928  Exhibit B: https://x.com/WatcherGuru/status/1793261382676119866  Exhibit C: https://x.com/BitcoinMagazine/status/1793025045310115910  Exhibit D: https://x.com/SMTuffy/status/1793604355591110692  Exhibit E:  https://x.com/SenLummis/status/1793654641974288558 

53:32 ETH ETF just reopened the window for protocol airdrops!  https://x.com/TrustlessState/status/1792958932228653249 

55:09 Yuga Labs ‘Punk World’  https://x.com/cryptopunksnfts/status/1792594316172341315  https://x.com/CryptoGarga/status/1792694910904136028 

56:46 We finally found out what was the Uniswap Wells notice about  https://x.com/Togbe0x/status/1792973545762595199  https://x.com/haydenzadams/status/1792973692223336615  https://www.coingecko.com/en/coins/uniswap  https://x.com/TrustlessState/status/1793650716080562382 

1:01:28 Binance executive denied bail in Nigeria amid $35 million money laundering trial  https://thenationonlineng.net/just-in-court-rejects-binance-officials-bail-request  https://x.com/RyanSAdams/status/1791466137793830974  Binance CEO Richard Teng in a blog post  https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is  https://x.com/vibhu/status/1792419936725528816?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

1:04:02 Bankless is launching 'Bankless Onchain' Phase II: Mint Our History https://www.bankless.com/bankless-onchain-phase-2 Mint Bankless Archive here: https://bankless.cc/OnchainArchive  Mint new episodes here: https://bankless.cc/onchain  

1:05:44 Raises and BVC Investments  Farcaster has raised $150M! At Valuation $1B https://danromero.org/farcaster-update/ 

1:06:30 MEME of the Week https://x.com/basedkarbon/status/1793435193274998945 

1:07:16 Moment of Zen  https://x.com/songadaymann/status/1793751482816176300 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


ETH ETF Officially Approved! | James Seyffart

✨Mint the episode on Zora✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/3  The Ether spot ETF has officially been approved marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the extent of this approval and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoke

✨Mint the episode on Zora✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/3 

The Ether spot ETF has officially been approved marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the extent of this approval and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation.

 

James on X: https://x.com/JSeyff 

------

📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24

https://bankless.cc/spotify-premium 

------

BANKLESS SPONSOR TOOLS:

 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠ 

 

🔗CELO | CEL2 COMING SOON

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⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

 

🌐 CARTESI | APPLY FOR A GRANT

https://bankless.cc/CartesiGovernance 

 

------

TIMESTAMPS & RESOURCES

00:00 It Happened

05:09 ETF Approved!

07:24 Boom Approval Surprise

09:11 Why Did This Happen?

13:38 When Will The ETFs Go Live?

15:47 ETF Inflows

19:18 ETH Education Campaign

21:37 Staked ETF?

24:14 What Coin is Next?

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠ 

Wednesday, 22. May 2024

Greylock Partners

Code Smarter, Not Harder

Solving the Unknowns to Developing AI Engineers The post Code Smarter, Not Harder appeared first on Greylock.

Solving the Unknowns to Developing AI Engineers

The post Code Smarter, Not Harder appeared first on Greylock.


a16z Podcast

Finding a Single Source of AI Truth With Marty Chavez From Sixth Street

a16z General Partner David Haber talks with Marty Chavez, vice chairman and partner at Sixth Street Partners, about the foundational role he’s had in merging technology and finance throughout his career, and the magical promises and regulatory pitfalls of AI. This episode is taken from “In the Vault”, a new audio podcast series by the a16z Fintech team. Each episode features the most influential

a16z General Partner David Haber talks with Marty Chavez, vice chairman and partner at Sixth Street Partners, about the foundational role he’s had in merging technology and finance throughout his career, and the magical promises and regulatory pitfalls of AI.

This episode is taken from “In the Vault”, a new audio podcast series by the a16z Fintech team. Each episode features the most influential figures in financial services to explore key trends impacting the industry and the pressing innovations that will shape our future. 

 

Resources: 
Listen to more of In the Vault: https://a16z.com/podcasts/a16z-live

Find Marty on X: https://twitter.com/rmartinchavez

Find David on X: https://twitter.com/dhaber

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Tuesday, 21. May 2024

Circle Press

Circle Brings the Era of Open Money to Life with New Brand Campaign

Kick-starts summer launch with new film and brand activations

Kick-starts summer launch with new film and brand activations


Circle Blog

Money is now open

From one-click food delivery to video calls with grandparents, the open internet has touched nearly every aspect of our lives. Yet core systems that facilitate the global movement of money were last fundamentally updated in the 1970s. 

From one-click food delivery to video calls with grandparents, the open internet has touched nearly every aspect of our lives. Yet core systems that facilitate the global movement of money were last fundamentally updated in the 1970s. 


bankless

Rep Patrick McHenry on Crypto's Big Week in DC

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/2  This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it.  Three big things:  1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto? 2) SEC approve/deny Ethereum ETF - decision due thursday.  3) Hou

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/2  This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it. 

Three big things:  1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto? 2) SEC approve/deny Ethereum ETF - decision due thursday.  3) House vote on FIT bill you’ve been championing - well talk about that bill.

Stand with Crypto: https://www.standwithcrypto.org/politicians 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Start 04:05 Introduction to Congressman McHenry 05:11 Crypto in DC Temp Check 07:34 Generational vs Partisan Divide 12:57 Has Biden's Crypto Sentinent Changed? 16:46 FIT 21 Act 20:10 Security vs Commodity 23:18 Startups Becoming Commodities 26:34 Why Should Congress Support? 29:22 Why Patrick Cares About Crypto 33:25 Stablecoin Legislation 35:37 Will Crypto Still Be Under Attack? 38:24 Trump vs Biden Crypto Policies 40:41 How To Get Involved

------ RESOURCES:

Patrick on X: https://x.com/PatrickMcHenry 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Monday, 20. May 2024

bankless

BREAKING: The ETH ETF is getting approved?!

The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain.  ------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo

The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain. 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES

0:00 Intro 0:45 Bloomberg Analyst Update https://x.com/EricBalchunas/status/1792636523050906102  https://x.com/JSeyff/status/1792636774067413502  4:20 $ETH GOD CANDLE https://pro.kraken.com/app/trade/eth-usd  7:25 Eleanor https://x.com/EleanorTerrett/status/1792640682374393894  8:05 .ETH People https://x.com/JSeyff/status/1792637403682701422  https://x.com/TrustlessState/status/1792638235799122269  18:10 Jake Chervisnky https://x.com/jchervinsky/status/1792645992463978533  20:58 Warren Meme https://x.com/BillHughesDC/status/1792646322551451718  21:10 Mike Ippolito Sentiment Bottom Call  https://x.com/MikeIppolito_/status/1791829053881602454  https://x.com/MikeIppolito_/status/1792641028844904753  24:51 Institutional Narrative  28:58 $COIN Stock Price 29:20 S-1 Approvals https://x.com/JSeyff/status/1792650597377757456  33:08 SEC Asks Exchanges to Update Filings https://x.com/tier10k/status/1792655223103566116   35:16 $ETHE 36:26 Chart TA'ing  40:23 Polymarket https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716234132508  40:48 Ryan's Bear Case 46:23 Closing & Sassano Victory Lap https://x.com/TrustlessState/status/1792640883042443578 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Shade Protocol

Shade Spartan Ethos Introduction

The Spartan Creed In the digital realm, where Spartans roam, We rise, united, to defend our own. With shields of privacy, and spears of autonomy, We march forth, in steadfast sovereignty. Guardians of data, warriors of finance, In every byte, we take a stance. Our information is not for sale, Our sovereignty is not for sale Our dignity is not for sale
The Spartan Creed
In the digital realm, where Spartans roam,
We rise, united, to defend our own.
With shields of privacy, and spears of autonomy,
We march forth, in steadfast sovereignty.
Guardians of data, warriors of finance,
In every byte, we take a stance.
Our information is not for sale,
Our sovereignty is not for sale
Our dignity is not for sale
Our autonomy is not for sale
Our property rights are not for sale
Our souls are not for sale
For we are Spartans, hearts aflame,
In the digital realm, we stake our claim.

Greetings Spartans,

The origin of the Shade Spartans is a simple tale — to be a staunch advocate of privacy and freedom inevitably puts you in the crosshairs of those who see our claims to digital sovereignty as a threat to their power. There are those who believe people must be protected at every turn. That security should be prioritized above the human experiment of individualism and experimentation. The powers at be are leaving an entire generation chained to the burden of malicious (not all) regulation. Disdainful pen & paper, stale and unromantic. Uninspired dead documents that stifle human ingenuity, and at worse, diminish it.

We Spartans.

We few, we chose few.

Pushed to the brink, night near extinct.

In the arena of the digital and physical world we lay it all on the line. We deeply value our dignity. We stake our future on the truth that there is no greater love than this: that a Shade Spartan would lay his security and freedom on the line to protect the future rights of his enemies.

You see, Spartans fight for the rights of those who oppress us. We fight to remove the chains from those that seek to place us in chains.

This is what it takes to be a city on a hill — a light in the darkness.

This is what it takes to have the moral high ground.

Your rights are our responsibility, no matter who you are.

We reject the notion that security should come at the expense of freedom, and we pledge to uphold the rights of all, regardless of creed or circumstance.

The Shade Spartans are inspired by three different sets of cultural icons. The first is Master Chief from the Halo video game series. We are aligned with the never surrender attitude, and embrace the story parallels of humanity versus the dark unknown. We stand against the forces at large that wish to seize and destroy all that makes us human.

A scene that particular resonates with Shade Spartans:

In this scene, Master Chief is given the choice: abandon his mission of protecting humanity, or disobey a direct order. He responds with a simple line: “No, sir.”

Shade Spartans are polite, but firm. Spartans have a backbone, and refuse to give an inch when it comes to commands to surrender our morals and principles.

Another Master Chief line that resonates with Shade Spartans is: “…asking is not my strong suite…” We are unapologetic about our rights, and we believe that we do not need to ask permission to build technology that protects and empowers our freedoms that are not granted by governments, but rather are inalienable rights that exist within all of humanity.

The second piece of culture we are inspired by is the ancient Greek civilization Sparta. The ancient Spartans were renowned for their distinctive values and way of life, which were deeply ingrained in their society and culture. Here’s a rundown of some of their key values:

Military Excellence: Spartans placed paramount importance on military prowess and discipline. From a young age, Spartan boys underwent rigorous training in combat skills, endurance, and discipline, preparing them for a life dedicated to military service. Discipline and Self-Control: Discipline was instilled in every aspect of Spartan life. Spartans were expected to exercise self-control and endure hardships without complaint. This discipline extended beyond the battlefield to everyday life, fostering a sense of self-mastery and resilience. Courage and Bravery: Spartans revered courage and bravery above all else. Fearlessness in the face of danger, whether in battle or in daily life, was highly valued. Spartans were taught to confront challenges head-on and never back down from a fight. Equality (among citizens): While Spartan society was hierarchical, with a clear distinction between citizens (Spartiates) and non-citizens (helots and perioikoi), within the citizen class, there was a degree of equality. All Spartiates, regardless of wealth or status, were expected to contribute to the defence of the state and adhere to the same rigorous standards. Spartan Unity: Solidarity and unity were central to Spartan society. Spartans were taught to prioritize the needs of the community over individual desires, fostering a strong sense of camaraderie and loyalty among citizens. Simplicity and Frugality: Spartans valued simplicity and frugality in their way of life. Material wealth and luxury were viewed with suspicion, and excess was discouraged. Spartans lived austere lives focused on the essentials, believing that hardship bred strength. Education and Intellectual Development: While Spartan education primarily focused on physical training and military skills, intellectual development was also valued. Spartan youths were taught to read, write, and engage in philosophical discourse, albeit to a lesser extent than in other Greek city-states.

We believe real change comes from a commitment to individual excellence combined with teamwork around winning battles at large. Your voice matters. Your action matters. How you conduct yourself matters. In isolation, you can achieve a little. Combined in a phalanx of fellow privacy advocates, we become unstoppable. Shade Spartans believe that actions speak louder than words in an era where words are cheap, ideas are manufactured, and where discourse is often controlled.

The third piece of culture we are inspired by is the modern cypherpunk movement. The modern cypherpunk movement is a decentralized community of individuals who advocate for the use of strong cryptography and privacy-enhancing technologies to promote individual freedoms and protect against surveillance and censorship. Emerging in the late 20th century, particularly in the 1980s and 1990s, the cypherpunk movement was heavily influenced by the rapid advancement of digital technologies and the growing concerns over government surveillance and control in the digital age.

At its core, the cypherpunk movement emphasizes the importance of privacy, anonymity, and encryption as fundamental human rights in the digital era. Cypherpunks believe that individuals should have the ability to communicate, transact, and interact online without fear of eavesdropping, censorship, or manipulation by governments, corporations, or other third parties.

Key principles of the modern cypherpunk movement include:

Privacy: Cypherpunks assert that privacy is essential for maintaining personal autonomy and freedom of expression. They advocate for the widespread adoption of encryption tools and privacy-enhancing technologies to protect individuals’ digital privacy from intrusive surveillance. Cryptography: Cryptography is seen as a powerful tool for securing communications, transactions, and digital identities. Cypherpunks promote the development and use of strong cryptographic algorithms and protocols to ensure the confidentiality, integrity, and authenticity of online interactions. Decentralization: Centralized systems are viewed as vulnerable to censorship, surveillance, and control. Cypherpunks advocate for decentralized technologies, such as blockchain and peer-to-peer networks, which distribute power and control among a network of participants, reducing the influence of centralized authorities. Anonymity: Anonymity allows individuals to communicate and transact online without revealing their identities or personal information. Cypherpunks support the use of anonymous communication tools, such as Tor and anonymous cryptocurrencies, to protect against surveillance and maintain privacy online. Freedom of Information: Cypherpunks believe in the free flow of information and oppose censorship and restrictions on access to knowledge and expression. They advocate for the use of encryption to bypass censorship and promote the dissemination of information without interference from authorities. Open Source: Open-source software is considered essential for transparency, security, and trust in digital systems. Cypherpunks support the development and use of open-source encryption tools and privacy-enhancing technologies to empower individuals and communities to protect their digital rights.

The modern cypherpunk movement continues to evolve and adapt to new technological challenges and societal issues. With the rise of surveillance capitalism, government surveillance programs, and online censorship, cypherpunks remain committed to defending individual privacy and promoting digital freedom in an increasingly interconnected world.

Mint Details — May 30th, 2024

The launch of the legendary 300 Spartans is set for May 30th, 2024 on Stashh in advance of the June 18th, Alexandria Shade Protocol upgrade.

WL sale: 50 $SILK
Public sale: 65 $SILK

The proceeds will be split:

50% buying back $SHD from the market
50% will be used to provide liquidity for the $SHD <> $SILK pool.

These proceeds will increase trading liquidity and support $SHD token’s utility within the Cosmos ecosystem.

Curious on how to join the whitelist? Keep your eyes peeled for the following:

Free badge mints Social media contests & tasks Through partner tweets & competitions March Madness Shade bracket winners Telegram & discord active user account selection

Are you an active community member? Your work shall be noticed, Spartan.

We believe in protecting “Your Money. Your Data. Your Decisions.”
Those who hold Shade Spartans are participants in the fight against centralization, censorship, and digital encroachment.
We are the tip of the spear.
We are the protectors of privacy.
We are Spartans.
Don’t give them an inch.

Follow Shade Protocol on Twitter


bankless

The New American Surveillance State | Byron Tau

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-byron-tau-interview  ------ Are we being watched? That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control'' that covers all about the US surveillance state. Turns out the US Government has a digital dossier of every citizen, but how? How do they coll

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-byron-tau-interview 

------ Are we being watched?

That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control'' that covers all about the US surveillance state.

Turns out the US Government has a digital dossier of every citizen, but how? How do they collect the data? How are they using it? Can we ever get back our digital privacy?

Expect to learn all that and much more in what is a deep dive into digital surveillance.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 4:42 State of Surveillance 12:24 Content vs Metadata 18:16 The Surveillance Industry 33:53 Total Information Awareness 49:50 Is the Gov Using Data Against Us? 53:10 Privacy Protections 1:05:29 The Role of Encryption 1:17:23 Surveillance Abroad 1:22:09 US vs China 1:26:04 Surveillance in Crypto 1:31:09 Closing & Disclaimers

------ RESOURCES

Byron Tau https://twitter.com/ByronTau 

Means of Control by Byron Tau https://www.penguinrandomhouse.com/books/706321/means-of-control-by-byron-tau/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

Sunday, 19. May 2024

a16z Podcast

A Big Week in AI: GPT-4o & Gemini Find Their Voice

This was a big week in the world of AI, with both OpenAI and Google dropping significant updates. So big that we decided to break things down in a new format with our Consumer partners Bryan Kim and Justine Moore. We discuss the multi-modal companions that have found their voice, but also why not all audio is the same, and why several nuances like speed and personality really matter.   Reso

This was a big week in the world of AI, with both OpenAI and Google dropping significant updates. So big that we decided to break things down in a new format with our Consumer partners Bryan Kim and Justine Moore. We discuss the multi-modal companions that have found their voice, but also why not all audio is the same, and why several nuances like speed and personality really matter.

 

Resources:

OpenAI’s Spring announcement: https://openai.com/index/hello-gpt-4o/

Google I/O announcements: https://blog.google/technology/ai/google-io-2024-100-announcements/

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

 

Friday, 17. May 2024

Epicenter Podcast

Alluvial: Institutional Liquid Staking and Spot Ethereum ETF - Mara Schmiedt

The massive success of the recently approved spot Bitcoin ETF showed tremendous interest from large institutional players. Even despite negative takes in public appearances, behind the curtain, more and more ‘smart money’ accumulate $BTC, either directly or through ETF shares. The same is to be expected for Ethereum, yet uncertainty still looms due to its proof-of-stake consensus model and, ultima

The massive success of the recently approved spot Bitcoin ETF showed tremendous interest from large institutional players. Even despite negative takes in public appearances, behind the curtain, more and more ‘smart money’ accumulate $BTC, either directly or through ETF shares. The same is to be expected for Ethereum, yet uncertainty still looms due to its proof-of-stake consensus model and, ultimately, staking yield. While crypto natives quickly embraced both ETH staking as well as liquid staking, institutions could not justify the higher risk profile and lack of regulatory compliance. Alluvial and Liquid Collective seek to change this and provide ultrasound infrastructure for enterprise-grade security in liquid staking. 

Topics covered in this episode:

Mara’s background ETH 2.0 and the current staking landscape Liquid Collective ETH ETF and staking concerns The risks of adjusting staking emissions Restaking and new opportunities Institutional staking and risk optimization

Episode links:

Mara Schmiedt on Twitter Alluvial on Twitter Liquid Collective on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Felix Lutsch.


bankless

ROLLUP: Memestock Mania | ETH Spot ETF Countdown | $25M Hackers Charged | Crypto's Election Impact

The Bankless Friday Weekly Rollup Third Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ 🎙️ SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:   🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠   

The Bankless Friday Weekly Rollup

Third Week of May

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🔗CELO | CEL2 COMING SOON

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🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

 

⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🌐 CARTESI | APPLY FOR A GRANT

https://bankless.cc/CartesiGovernance 

 

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TIMESTAMPS & RESOURCES

00:00:00 Start

00:01:58 Markets

https://pro.kraken.com/app/trade/btc-usd 

https://pro.kraken.com/app/trade/eth-usd 

https://pro.kraken.com/app/trade/eth-btc 

 

00:06:07 Inflation Numbers

https://www.nytimes.com/live/2024/05/15/business/cpi-inflation-fed 

 

00:07:07 Gamestop and Memestock Mania

https://x.com/TheRoaringKitty/status/1789807772542067105 

https://imgur.com/PhBgZL2

https://twitter.com/vladtenev/status/1790560257196060741 

 

00:11:12 Institutions Buying Bitcoin

https://twitter.com/BitcoinMagazine/status/1789020004131737624 

https://twitter.com/RyanSAdams/status/1789024343038586956 

https://twitter.com/EricBalchunas/status/1790391049560498410 

 

00:13:36 ETH ETF Approval Deadline

https://twitter.com/vivekventures/status/1789161576987054271 

https://x.com/RyanSAdams/status/1790856567979454711 

https://twitter.com/RyanSAdams/status/1790825287229276526 

https://twitter.com/SGJohnsson/status/1788973146478948614 

 

00:20:46 Tornado Cash Devs Arrested

https://twitter.com/valkenburgh/status/1790367445720445421 

https://twitter.com/L0laL33tz/status/1790385855556698448 

https://twitter.com/LynAldenContact/status/1790391222235758700 

https://twitter.com/JDonoghueAuthor/status/1790485643950280894 

https://twitter.com/RyanSAdams/status/1790450619074871527 

 

00:25:04 SAB 121 Repealed!

https://x.com/BanklessHQ/status/1791140496397468064 

https://x.com/RyanSAdams/status/1791147869791002699 

 

00:28:07 Crypto Gets Partisan

https://www.politico.com/news/2024/05/10/trump-crypto-biden-00157051 

https://twitter.com/mcuban/status/1789037772050702824?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

https://twitter.com/arkhamintel/status/1790014778519265463 

https://twitter.com/wileynickel/status/1788608778843074658?s=46 

https://twitter.com/samlyman33/status/1788612636428374183 

 

00:36:39 $25M MEV Exploiters Charged

https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency 

https://twitter.com/tmnxeq/status/1790778875816898602 

 

00:43:42 Is Code Law?

https://x.com/TrustlessState/status/1791128506614608014 

https://twitter.com/MohamedFFouda/status/1790812568526704849 

 

00:46:59 Lens Network

https://twitter.com/LensProtocol/status/1790458242855751950 

 

00:48:23 Permissionless

https://bankless.cc/PermissionlessDiscount 

 

00:49:01 Airdrop Meta Shifting

https://twitter.com/PrimordialAA/status/1790033102837797069 

 

00:51:14 Future of DAI

https://x.com/RuneKek/status/1790777230341062660 

 

00:56:59 WUTANG

https://x.com/msantoriESQ/status/1788944762608754731 

 

00:57:48 Kraken Push to Dismiss SEC

https://x.com/ShaneMac/status/1747262469490536594 

 

00:58:36 Polymarket raises $70M

https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1715869550851 

 

01:00:44 David vs Nic

https://x.com/KarateCombat/status/1791077245194272830 

 

01:03:05 Meme of The Week

https://x.com/RyanSAdams/status/1790819671534411936 

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠ 

Thursday, 16. May 2024

Greylock Partners

Reinventing Distributed Commerce with AI

The post Reinventing Distributed Commerce with AI appeared first on Greylock.

Power Dynamics in the AI Cloud Era

The post Power Dynamics in the AI Cloud Era appeared first on Greylock.

The post Power Dynamics in the AI Cloud Era appeared first on Greylock.


a16z Podcast

Remaking the UI for AI

Make sure to check out our new AI + a16z feed: https://link.chtbl.com/aiplusa16z   a16z General Partner Anjney Midha joins the podcast to discuss what's happening with hardware for artificial intelligence. Nvidia might have cornered the market on training workloads for now, but he believes there's a big opportunity at the inference layer — especially for wearable or similar devices that can

Make sure to check out our new AI + a16z feed: https://link.chtbl.com/aiplusa16z
 

a16z General Partner Anjney Midha joins the podcast to discuss what's happening with hardware for artificial intelligence. Nvidia might have cornered the market on training workloads for now, but he believes there's a big opportunity at the inference layer — especially for wearable or similar devices that can become a natural part of our everyday interactions. 

Here's one small passage that speaks to his larger thesis on where we're heading:

"I think why we're seeing so many developers flock to Ollama is because there is a lot of demand from consumers to interact with language models in private ways. And that means that they're going to have to figure out how to get the models to run locally without ever leaving without ever the user's context, and data leaving the user's device. And that's going to result, I think, in a renaissance of new kinds of chips that are capable of handling massive workloads of inference on device.

"We are yet to see those unlocked, but the good news is that open source models are phenomenal at unlocking efficiency.  The open source language model ecosystem is just so ravenous."

More from Anjney:

The Quest for AGI: Q*, Self-Play, and Synthetic Data

Making the Most of Open Source AI

Safety in Numbers: Keeping AI Open

Investing in Luma AI

Follow everyone on X:

Anjney Midha

Derrick Harris

Check out everything a16z is doing with artificial intelligence here, including articles, projects, and more podcasts.

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Wednesday, 15. May 2024

bankless

Autonomous Worlds | Lattice’s Justin Glibert

In today’s episode, we’re exploring the frontier of onchain universes, on Ethereum. Autonomous Worlds is the new frontier of digital onchain universes, being pioneered by the Lattice team, of which Justin Glibert on the show today is the co-founder and CEO. Ethereum is not just a financial computer, but a root of state for an infinite number of universes, all with their own laws of physics, ob

In today’s episode, we’re exploring the frontier of onchain universes, on Ethereum.

Autonomous Worlds is the new frontier of digital onchain universes, being pioneered by the Lattice team, of which Justin Glibert on the show today is the co-founder and CEO.

Ethereum is not just a financial computer, but a root of state for an infinite number of universes, all with their own laws of physics, objects, players, agents, and state… and, like our universe, still continues with, or without, our presence.

Justin walks us through the evolution of Autonomous Worlds. Get ready because you're going to get a taste of where the Internet has always been pointing towards… it just took us a while to get here.

------ 📣Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   

------ BANKLESS SPONSOR TOOLS:

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🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

 ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 2:36 Scope of Lattice 7:18 Different Affordances of Ethereum 14:21 Dark Forest 23:51 After Dark Forest 29:32 Writing Code in Assembly & Abstraction 32:42 Lattice 35:58 Games Being Built Today 43:21 Justin’s Thoughts on the “Metaverse” 51:05 Rollup & Die 55:28 Lattice’s Layer 2 1:00:13 The Future of Games 1:04:56 Onchain Native GDP 1:08:17 Closing & Disclaimers

------ RESOURCES

Lattice https://twitter.com/latticexyz   https://lattice.xyz/  

0xParc  https://twitter.com/0xPARC  https://0xparc.org/  

Justin’s Twitter https://twitter.com/justinglibert  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Tuesday, 14. May 2024

Zaisan

Cross-Chain Bridging for DeFi and GameFi

Imagine a group of small islands dotted around an area of an ocean. Each island has a small settlement of people, going about their business and living as best they know how. But there’s a problem. One island has wood but little food. They can build rudimentary huts but can scarcely eat. Their closest island […] The post Cross-Chain Bridging for DeFi and GameFi appeared first on Zaisan.

Imagine a group of small islands dotted around an area of an ocean. Each island has a small settlement of people, going about their business and living as best they know how. But there’s a problem. One island has wood but little food. They can build rudimentary huts but can scarcely eat. Their closest island has plenty of food but no wood, so they lack shelter. A third island has wood and food but no hay for their animals. Another island is brimming with hay but little coal to light fires. However, the island with the wood does have coal reserves. Then, one day, someone has an idea. Why not build bridges connecting all the islands so all the islanders can share resources? Soon, wood, food, coal, and hay are moving across the islands, and islanders’ business grows tenfold.

Now, imagine each of those islands is a blockchain. Each blockchain hosts a set of tokenised assets, which had remained confined to their blockchain. Why not build bridges across the blockchains so that assets can be easily shared and traded, similar to what the islanders did?

Cross-chain bridges: a simple solution to a big problem

In computing environments, some terms can be obscure and non-descript. That is not the case here. A cross-chain bridge does exactly what it says. It is a mechanism that enables the transfer of assets back and forth between two or more chains. Those assets can be tokens, cryptocurrencies, or any other tokenised assets hosted on the chains.

You might be wondering what sort of wizardry this is. Furthermore, you might question how it is possible to move assets between two chains whose protocols, rules, etc. might be completely different. These are valid questions, and here’s the answer. The bridge acts as a neutral zone (a no man’s land of sorts) where the switch occurs. 

An example: two blockchain games, one hosted on an Ethereum chain, the second hosted on WAX. Ethereum uses a proof-of-work consensus protocol, while WAX uses a proof-of-stake one, each with its own set of rules. And each of these games has some cool in-game assets, maps, etc. Each game world features a thriving game economy and has something that the other gaming environment lacks (remember the islanders?) Why not connect the two chains with a bridge and enable asset swapping, so that both gaming worlds (and their in-game economies) expand and grow?

Exponential growth for GameFi and DeFi environments

Blockchain has yielded much disruption and innovation throughout its relatively short lifespan, and the future looks just as innovative and bright. 

For some time, this technology has been associated with decentralised finance (DeFi). That is the provision of financial instruments without reliance on centralised intermediaries, such as banks, credit unions, or brokerages. The marriage between blockchain and DeFi has been a successful one, fostering a new era of financial inclusivity and autonomy. According to Statista, there are currently billions held in DeFi environments, showcasing its widespread acceptance and potential for further growth. 

But in more recent times, blockchain has spread its area of influence to gaming in the form of game finance (GameFi), combining cryptocurrencies, non-fungible tokens (NFTs), and other tokenised assets to create a gaming environment where players can play, trade, and earn. This development provides players with true ownership of their in-game items and the ability to earn real-world value through gameplay.

The mechanics underlying GameFi are relatively simple. In-game assets are distributed in NFT form, which guarantees ownership. This is key, as it enables the players to trade these assets as they see fit, sell them to other players, etc. And this is where cross-chain bridges come in. These two-way paths enable these assets to be moved from one chain to another, thus not only safeguarding the liquidity but also enhancing it by facilitating a wider marketplace. By doing this, the player pool grows exponentially, as players can participate in multiple gaming environments without being restricted by the boundaries of a single blockchain.

The same applies to DeFi environments, albeit without the gaming part. Users of different blockchains can have their assets exchanged on the bridge so they can be used on another blockchain. This is sometimes called ‘cross-chain swap.’ It is crucial for building a more interconnected and fluid blockchain ecosystem, where assets can freely move across different platforms, enhancing the user experience and broadening the scope of possibilities.

Cross-chain bridging with Zaisan

The benefits of multi-chain bridging are clear. The islanders knew it, and now you know too. Scalability, portability, and a massively expanded user or player pool are just the tip of the iceberg. These advancements signify a shift towards a more integrated, versatile, and user-centric blockchain ecosystem.

As blockchain technology continues to evolve, it promises to unlock even more innovative applications and opportunities, potentially transforming industries beyond finance and gaming, such as supply chain management, healthcare, and beyond. The journey of blockchain from a novel digital ledger to a bedrock of digital innovation illustrates its immense potential and the myriad of possibilities it holds for the future.

Zaisan is a multi-discipline blockchain services provider, including cross-chain bridging hosting. Among many other features, Zaisan offers the possibility of swapping tokens between Binance Smart Chain (BSC), WAX, and Ethereum.

The post Cross-Chain Bridging for DeFi and GameFi appeared first on Zaisan.


Panther Protocol

Decentralized privacy: exploring ZKP and advanced privacy tools in Web3

This article explores the critical role of Zero-Knowledge Proofs (ZKPs) and other advanced privacy tools in safeguarding user privacy within the burgeoning Web3 landscape, addressing the inherent transparency of blockchain technology and introducing next-generation solutions for scalable, privacy-focused blockchain applications.  Although blockchain’s benefits are undeniable, the decentraliz

This article explores the critical role of Zero-Knowledge Proofs (ZKPs) and other advanced privacy tools in safeguarding user privacy within the burgeoning Web3 landscape, addressing the inherent transparency of blockchain technology and introducing next-generation solutions for scalable, privacy-focused blockchain applications. 

Although blockchain’s benefits are undeniable, the decentralized and immutable nature of open blockchain’s record-keeping creates unique privacy challenges. Blockchain's transparency means that transactions are permanently recorded and viewable by anyone. While this promotes trust and accountability, it also poses significant risks to personal privacy if identities can be linked to public addresses and can expose trading strategies for professional investors and other successful traders. Additionally, integrating decentralized applications (dApps) with these technologies further complicates the privacy landscape, as user interactions on one platform can be traced across multiple platforms and transactions.

To address these privacy challenges, Zero-Knowledge Proofs (ZKPs) emerge as a potent solution, allowing transaction validation without compromising private data. ZKPs, such as zk-SNARKs and zk-STARKs, are cryptographic methods that allow the validation of transactions without revealing any underlying data, playing a crucial role in maintaining privacy on the blockchain.

Beyond enhancing privacy, ZKP technology can be instrumental in DeFi contexts, where it ensures that financial transactions remain confidential yet verifiable, believed to be the key to fostering trust and participation in open financial ecosystems. The technology can make transactions more private, ensuring that while the integrity and rules of the transaction are publicly verifiable, the specifics of the amounts and the parties involved in the transaction remain private.

Relative to non-succinct privacy-preserving proofs, zk-SNARKs can make for more scalable projects compared with, for example, non-succint alternatives such as zk-STARKs. By enabling transaction validation without disclosing or processing extensive data on the blockchain, zk-SNARK technology can be implemented in ways that lessen the network burden. Ultimately the result is a more efficient blockchain, potentially increasing transaction throughput and enhancing overall performance.

Other privacy-preserving technologies

While ZKPs are pivotal, a broad array of privacy-preserving technologies, including Homomorphic Encryption and Secure Multi-Party Computation that are available for Web3 developers:

​​Homomorphic encryption: Enables computations on encrypted data, ensuring data privacy even during processing. Secure Multi-Party Computation (SMPC): Allows multiple parties to jointly compute a function while keeping their inputs private. Decentralized identifiers (DIDs): DIDs allow individuals to control and verify their identity independently of a central authority, enhancing privacy and control over personal identity data. Blockchain sharding: Although its primary function is to help scale networks, by dividing the entire blockchain into smaller partitions known as shards, privacy is enhanced by limiting the data each node can access. Differential privacy: Integrating differential privacy techniques into blockchain applications can add noise to aggregated data, making it difficult to identify individual users while maintaining the utility of the data. Confidential smart contracts: Leveraging cryptographic techniques to execute smart contracts confidentially ensures that the data within these contracts is not exposed to other network participants. Tools for enhancing privacy in Web3

The development of these foundational technologies paves the way for practical, user-facing privacy tools in Web3, ranging from enhanced wallets to comprehensive on-chain and off-chain solutions. Some of these tools include:

Privacy-enhancing wallets: These wallets integrate features like stealth addresses and ring signatures to conceal user identities. On-chain privacy protocols: On-chain privacy protocols like the one Panther Protocol is developing will use zk-SNARK and other privacy technologies to conduct private transactions on public blockchains while preserving privacy. Off-chain privacy solutions: Off-chain solutions like the Lightning Network for Bitcoin or Raiden Network for Ethereum help scale transactions off the main chain while improving privacy by reducing the on-chain footprint. Data protection tools: Tools like NuCypher use proxy re-encryption and SMPC to secure shared data among multiple participants without exposing the raw data to external parties. Conclusion

Web3 aims to revolutionize online interactions by emphasizing privacy and control over personal data, while still maintaining the inherent benefits that transparent blockchain technology brings. As this technology advances, it’s critical to develop tools that uphold privacy without compromising transparency. This balancing act involves both innovative technological solutions and stringent regulatory measures, ensuring Web3 can offer transparent yet secure digital environments.

For more information about privacy-preserving technologies

A Deep Dive Into Secure Multi-Party Computation (MPC)

Threshold Cryptography, MPC, and MultiSigs: A Complete Overview

Bulletproofs In Crypto – An introduction to a Non-Interactive ZKP

zk-SNARKs vs zk-STARKs: Comparing Zero-knowledge Proofs

What is a zero-knowledge proof? ZKPs explained in different levels.

Ring Signatures vs. zkSNARKs: A comparison

Monday, 13. May 2024

bankless

“Nothing Stops This Train” | Lyn Alden on Fiscal Dominance

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-lyn-alden-interview  ------ Bankless listener, if you want to survive this decade as an investor, as a market participant or even just as a citizen, you have to tune in to this episode with author and investor, Lyn Alden. We’re entering a new era. “Nothing Stops this Train” as Lyn would say. We’

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-lyn-alden-interview 

------ Bankless listener, if you want to survive this decade as an investor, as a market participant or even just as a citizen, you have to tune in to this episode with author and investor, Lyn Alden.

We’re entering a new era. “Nothing Stops this Train” as Lyn would say. We’ve entered the Era of Fiscal Dominance.

- What era is this? - Who will be the winners and losers?  - What about capital controls? - How can you prepare?  - How will Crypto perform?

We get into all this and much more in what is a must-listen Fiscal Dominance Masterclass.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 5:25 Nothing Stops This Train 15:15 Fiscal Dominance vs Monetary Dominance 34:23 A World of Fiscal Dominance 46:39 Federal Reserve Role 50:34 Fiscal Dominance Indicators 1:08:06 Winners & Losers 1:18:29 Living in a Fiscal Dominance Era 1:24:16 Capital Controls 1:33:06 Federal Reserve Signals 1:36:14 How to Prepare 1:40:19 How Will Crypto Perform? 1:42:52 Closing & Disclaimers

------ RESOURCES

Lyn Alden https://twitter.com/LynAldenContact 

Lyn Alden Newsletter https://www.lynalden.com/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

 


Greylock Partners

Bringing Food Distribution Online

Inventa is a B2B marketplace that connects brands and retailers on a easy to use platform, offering a comprehensive portfolio at suitable prices, empowering and supporting them to grow their business with less financial risk. The post Bringing Food Distribution Online appeared first on Greylock.

The post Bringing Food Distribution Online appeared first on Greylock.

Friday, 10. May 2024

Epicenter Podcast

Quadratic Funding and How Gitcoin Raised $60M for Public Goods - Kevin Owocki

5 years, 20 Grants, 3715 projects crowd-funded and over $60M raised towards public goods funding, from 4.2M unique donations. Gitcoin’s headline numbers are indicative of the massive success their quadratic funding (QF) and public goods funding models (PGF) have seen over the years. With Gitcoin 2.0, crowd-funding is further decentralised, Allo Protocol being open-source and permissionless: any ec

5 years, 20 Grants, 3715 projects crowd-funded and over $60M raised towards public goods funding, from 4.2M unique donations. Gitcoin’s headline numbers are indicative of the massive success their quadratic funding (QF) and public goods funding models (PGF) have seen over the years. With Gitcoin 2.0, crowd-funding is further decentralised, Allo Protocol being open-source and permissionless: any ecosystem treasury can create their own Gitcoin Grants program to help their community fund what matters to them.

Topics covered in this episode:

Kevin’s background and Gitcoin’s journey so far The utility of Gitcoin Passport Gitcoin Grants sybil protection dilemma Public goods & capital allocation Quadratic funding (QF) & retroactive public goods funding (RPGF) New allocation models introduced by Gitcoin 2.0 $GTC token utility & decentralising Allo Protocol The current landscape of DAOs

Episode links:

Kevin Owocki on Twitter Gitcoin on Twitter Gitcoin Governance Forums

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


a16z Podcast

How Discord Became a Developer Platform

In 2009 Discord cofounder and CEO, Jason Citron, started building tools and infrastructure for games. Fast forward to today and the platform has over 200 million monthly active users.  In this episode, Jason, alongside a16z General Partner Anjney Midha—who merged his company Ubiquity6 with Discord in 2021—shares insights on the nuances of community-driven product development, the shift from

In 2009 Discord cofounder and CEO, Jason Citron, started building tools and infrastructure for games. Fast forward to today and the platform has over 200 million monthly active users. 

In this episode, Jason, alongside a16z General Partner Anjney Midha—who merged his company Ubiquity6 with Discord in 2021—shares insights on the nuances of community-driven product development, the shift from gamer to developer, and Discord’s longstanding commitment to platform extensibility. 

Now, with Discord's recent release of embeddable apps, what can we expect now that it's easier than ever for developers to build? 

Resources: 

Find Jason on Twitter: https://twitter.com/jasoncitron

Find Anjney on Twitter: https://twitter.com/AnjneyMidha

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 


bankless

ROLLUP: M2 Money Supply Flipped Bullish | Robinhood Wells Notice | Trump Supports Crypto | Friend.tech Token

Bankless Friday Weekly Rollup Second Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  🔗CELO | CEL2 COMING SOON https://bankless.cc/

Bankless Friday Weekly Rollup Second Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance   

------ TIMESTAMPS & RESOURCES 00:00 Intro

01:28 Markets  https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://www.coingecko.com/en/global-charts 

03:40 M2 Money Supply https://twitter.com/thomas_fahrer/status/1786196603931644086 

08:18 GBTC Inflows https://x.com/JSeyff/status/1787506564267393037  https://twitter.com/JSeyff/status/1787610459413102688 

09:49 Stablecoin Mkt Supply https://twitter.com/alpha_pls/status/1787405833279545393 

10:55 Bullish for Solana https://twitter.com/smyyguy/status/1787892675145781611 

18:43 Robinhood Wells Notice https://newsroom.aboutrobinhood.com/robinhood-response-to-receipt-of-wells-notice-from-the-u-s-securities-and-exchange-commission/  https://x.com/vladtenev/status/1787595555981668751  https://twitter.com/BSCNews/status/1787811373361107092 

22:32 Gary's Take https://x.com/RyanSAdams/status/1788313202024915178 

28:27 Biden Administration Against Crypto https://twitter.com/BitcoinMagazine/status/1788274505753755836  https://twitter.com/jchervinsky/status/1788281811086221646?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://x.com/RyanSAdams/status/1788289854574322049 

34:09 Trump Response https://twitter.com/frankdegods/status/1788359051031761269?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

42:16 FTX Creditors Make 118%? https://www.bloomberg.com/news/articles/2024-05-07/ftx-has-billions-more-than-needed-to-repay-bankruptcy-victims?cmpid=BBD050824_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=240508&utm_campaign=moneystuff 

44:42 Friend.Tech Token https://x.com/friendtech/status/1786573081240297926 

47:06 Eigen Stakedrop Update https://twitter.com/TrustlessState/status/1786172333717066237  https://x.com/BanklessApp/status/1786055564629348383 

48:28 $MODE Token https://x.com/modenetwork/status/1786115439212294386 

49:43 Optimism L3 https://optimism.mirror.xyz/6idqs2nEDLdezbSynrYsakliSCm3VyzA3WWj6esBbbM 

51:29 BOB Bitcoin Chain https://twitter.com/build_on_bob/status/1785601054966771970 

52:10 Autonomous Worlds https://twitter.com/redstonexyz/status/1785715921014960188 

54:48 Nigeria Banning P2P Crypto Trade https://www.bloomberg.com/news/articles/2024-05-07/nigeria-to-ban-person-to-person-crypto-trade-in-battered-naira 

57:05 Revolut X https://www.revolut.com/blog/post/revolut-x-launch/ 

57:59 Meme of The Week https://x.com/jonwu_/status/1787512817303629962  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 09. May 2024

bankless

Why This Cycle is Cooked | DH + RSA

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean? On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around.  ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.i

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean?

On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around. 

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Intro 01:30 Why Record This Episode? 06:01 Why There Are Structurally Bad Vibes 15:47 Why it's Like This 29:14 The Problem With The Points Meta 38:29 Recent Airdrop Issues 47:21 Where Do We Go From Here?

------ RESOURCES  VC Capital - https://imgur.com/KKqMWBe 

Sell Pressure - https://twitter.com/pythianism/status/1784958268420522195 

Chris Dixon Take - https://a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/ 

LayerZero - https://x.com/LayerZero_Labs/status/1786441554816532646 

Hayden Take - https://twitter.com/haydenzadams/status/1786784808187621874 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Wednesday, 08. May 2024

bankless

Bitcoin's 2024 Revolution: L2s & Beyond | Eric Wall

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-eric-wall-interview  ------ What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall. We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bi

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-eric-wall-interview 

------ What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall.

We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next.

Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 5:47 Eric Wall 9:48 The Evolution of Bitcoin 21:31 The Genesis of Bitcoin L2s 36:40 Runes 46:22 BitVM 1:04:45 Why Bitcoin L2s are Inevitable 1:09:07 Stacks 1:11:37 Bitcoin L2 Endgame 1:17:39 Scams 1:23:13 Bitcoin’s Direction 1:27:25 Closing & Disclaimers

------ RESOURCES

Eric Wall https://twitter.com/ercwl  

Taproot Wizards https://taprootwizards.com/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

 

Monday, 06. May 2024

bankless

The Battle Between Crypto VCs & Retail Investors | Regan Bozman

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-regan-bozman-interview  ------ Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman. Lots of questions to be asked on this episode: - Is crypto experiencing an identity crisis? -

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-regan-bozman-interview 

------ Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman.

Lots of questions to be asked on this episode: - Is crypto experiencing an identity crisis? - Are memecoins a reaction to VCs - Why is the current wave of Airdrops broken?. - Is attention more important than fundamentals? - Where do we go from here?

It’s about time to gain some clarity into what’s really happening in the crypto space.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 6:10 Crypto Identity Crisis 17:15 Stories 25:18 Terminal Liquidity 20:14 VCs vs Retail 38:33 Token Sales 46:22 Airdrops 52:27 The Attention Economy 1:02:03 Solutions 1:09:31 Regulatory Hurdle 1:12:28 The Weirdness of It All 1:14:41 Memecoins 1:16:17 Where do we go from here?

------ RESOURCES

Regan on X https://twitter.com/reganbozman  

Regan on Farcaster https://warpcast.com/regan  

Regan Thread https://twitter.com/reganbozman/status/1776293611036197059  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠   


a16z Podcast

Securing the Black Box: OpenAI, Anthropic, and GDM Discuss

Human nature fears the unknown, and with the rapid progress of AI, concerns naturally arise. Uncanny robocalls, data breaches, and misinformation floods are among the worries. But what about security in the era of large language models? In this episode, we hear from security leaders at OpenAI, Anthropic, and Google DeepMind. Matt Knight, Head of Security at OpenAI, Jason Clinton, CISO at Anthropi

Human nature fears the unknown, and with the rapid progress of AI, concerns naturally arise. Uncanny robocalls, data breaches, and misinformation floods are among the worries. But what about security in the era of large language models?

In this episode, we hear from security leaders at OpenAI, Anthropic, and Google DeepMind. Matt Knight, Head of Security at OpenAI, Jason Clinton, CISO at Anthropic, and Vijay Bolina, CISO at Google DeepMind, are joined by Joel de la Garza, operating partner at a16z and former chief security officer at Box and Citigroup.

Together, they explore how large language models impact security, including changes in offense and defense strategies, misuse by nation-state actors, prompt engineering, and more. In this changing environment, how do LLMs transform security dynamics? Let's uncover the answers.

 

Resources:

Find Joel on LinkedIn: https://www.linkedin.com/in/3448827723723234/

Find Vijay Bolina on Twitter: https://twitter.com/vijaybolina

Find Jason Clinton on Twitter: https://twitter.com/JasonDClinton

Find Matt Knight  on Twitter: https://twitter.com/embeddedsec

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Saturday, 04. May 2024

Epicenter Podcast

Near Protocol: 'Blockchains Cannot Scale Without Sharding!' - Illia Polosukhin & Alex Skidanov

The initial scaling roadmap for Ethereum featured execution layer sharding. However, the rapid advancements of layer 2 scaling solutions in general, and zero knowledge proofs in particular, caused a restructuring of the original plan. The reason was that rollups would have required less changes made to Ethereum’s base layer, hence lower risks. On the other hand, Near Protocol was designed from the

The initial scaling roadmap for Ethereum featured execution layer sharding. However, the rapid advancements of layer 2 scaling solutions in general, and zero knowledge proofs in particular, caused a restructuring of the original plan. The reason was that rollups would have required less changes made to Ethereum’s base layer, hence lower risks. On the other hand, Near Protocol was designed from the ground up as a sharded system, capable of withstanding billions of transactions simultaneously, without sacrificing decentralisation or security.

Topics covered in this episode:

Illia’s & Alex’s backgrounds Sharding and blockchain scalability Challenges of building a sharded blockchain Near namespace Shard security & validator sampling Stateless validation and data availability State witnesses and chunk producers Block production Shards vs. Rollups How Near could further improve Leaderless chunk production Chain abstraction

Episode links:

Illia Polosukhin on Twitter Alex Skidanov on Twitter Near Protocol on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Meher Roy.

Friday, 03. May 2024

bankless

ROLLUP: $EIGEN Token Launch | CZ Going to Jail | Stripe Crypto Support | Market Bottom In?

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle   🌐 CARTESI | APPLY FOR A GRANT https://ban

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

------ TIMESTAMPS & RESOURCES 00:00:00 Start

00:01:04 David's Eye Update https://x.com/TrustlessState/status/1783846598813814785 

00:05:52 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://twitter.com/nicrypto/status/1785607112682246286 

00:11:17 BTC Miners Struggling  https://twitter.com/RhoRider/status/1784720608691159410 

00:13:55 BTC to $3.8 Million? https://twitter.com/DeItaone/status/1785695402819207296 

00:18:52 Solana Season Over? https://x.com/0xGumshoe/status/1784240017017069849 

00:25:31 The $EIGEN StakeDrop https://twitter.com/eigenfoundation/status/1785000124646572108 

00:30:31 The 2 Token Model https://imgur.com/YE7PBL3 

00:34:36 Distribution Details https://imgur.com/y7BEqUu 

00:39:29 Locked Tokens https://x.com/TrustlessState/status/1785729436895084571 

00:47:33 Eigen Team Perspective https://twitter.com/jchervinsky/status/1785373696862924997 

00:56:51 Industrial Airdrop Farmers https://twitter.com/Takuiten/status/1785220889161998635 

01:01:05 CZ Sentenced to Jail https://x.com/BitcoinMagazine/status/1785384669812273570  https://x.com/cz_binance/status/1785465555899822488  https://twitter.com/MikeIppolito_/status/1785388427849961678 

01:08:48 Stripe Crypto Support https://x.com/collision/status/1783559623511011535  https://twitter.com/RyanSAdams/status/1783854777622724683 

01:10:55 Visa's Onchain Dashboard https://twitter.com/cuysheffield/status/1783471909533106610 

01:12:04 USDC overtakes Tether https://visaonchainanalytics.com/transactions  https://x.com/paoloardoino/status/1785645617651274040 

01:13:42 Tokenizing Treasuries https://www.franklintempleton.com/press-releases/news-room/2024/franklin-templeton-announces-availability-of-peer-to-peer-transfers-for-franklin-onchain-u.s.-government-money-fund 

01:14:55 AAVE V4 https://x.com/aave/status/1785749923893223485 

01:17:22 Coinbase Integrates Lightning Network https://www.coinbase.com/blog/coinbase-integrates-bitcoins-lightning-network-in-partnership-with

01:17:58 The War on Crypto https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem  https://www.ic3.gov/Media/Y2024/PSA240425  https://twitter.com/RyanSAdams/status/1783586883194265820 

01:22:12 Square and Cash App Investigated https://x.com/RyanSAdams/status/1785751225062809832 

01:22:56 Roger Ver Tax Fraud https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud 

01:24:37 Etherscan Bankless Partnership! https://twitter.com/etherscan/status/1785357882181214215 

01:25:42 Meme of The Week https://x.com/dabit3/status/1785886486165942380 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 02. May 2024

bankless

1 Billion Users Onchain | Jesse Pollak of Base

While it's still early in the race, Base is now one of Ethereum’s largest L2s.  In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.  We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain  - Onchain Summer II ------ 📣 TRANS

While it's still early in the race, Base is now one of Ethereum’s largest L2s. 

In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak. 

We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain  - Onchain Summer II

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT transporter.io

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS

0:00 Intro 4:41 Base’s First 8 Months 9:23 The Road to 1 Giga Gas Per Second 18:39 Why More Demand For Base?  21:26 Cost to Send Transactions on Base 23:59 Non-Ethereum DA Solution? 25:59 Scaling Via L3s on Base? 27:17 Parallelization Solution? 29:34 Will Base Make Transactions Free? 38:18 Coinbase's Relationship With Base  46:18 Base Is Centralized Critique  50:17 The Base Flywheel 57:46 Onchain Summer II  58:36 Next Target Demo to Come Onchain 1:00:42 Base Independence 1:02:19 1 Billion People Onchain 1:03:25 Closing & Disclosures

------ RESOURCES

Onchain Summer II https://www.base.org/  

Jesse Pollak https://twitter.com/jessepollak  

Jesse’s 1st Base Episode https://youtu.be/7dGU0_eEjq8  

Coinbase https://twitter.com/coinbase  

Base https://twitter.com/base  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Wednesday, 01. May 2024

bankless

Why ConsenSys is Suing the SEC | Joseph Lubin & Matt Corva

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens. The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer. We brought on Joe Lubin, a crypto OG and CEO of Consensys

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.

The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.

We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC 

Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.

So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT transporter.io

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  

------ TIMESTAMPS

0:00 Intro 6:35 SEC vs. Ethereum  9:45 The Uniqueness of This Case 11:15 88,000 Pages to the SEC 12:11 SEC Going After Devs?  14:47 The Wells Notice 16:27 ETH ETF 17:58 Outcome of Consensys Winning   21:29 U.S. Law Process & Timeline 25:55 Ether Isn’t a Security 34:50 Gary’s Confidence Conspiracy   41:17 MetaMask Isn’t a Broker Dealer 47:10 What is Prometheum?  51:10 How Can the SEC Win? What Happens to Crypto?  55:49 What the Crypto Community Can Do 59:50 What Happens Next? 1:03:15 Closing & Disclaimers

------ RESOURCES

Consensys Complaint  https://consensys.io/crypto-regulations/defend-ethereum  https://assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf  

Joe Lubin https://twitter.com/ethereumjoseph  

Matt Corva https://twitter.com/MattCorva  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


a16z Podcast

Can AI Advance Science? DeepMind's VP of Science Weighs In

In recent years, the AI landscape has seen huge advancements, from the release of Dall-E 2 in April 2022 to the emergence of AI music and video models in early 2024. While creative tools often steal the spotlight, AlphaFold 2 marked a groundbreaking AI breakthrough in biology in 2021. Since its release, this pioneering tool for predicting protein structures has been utilized by over 1.7 million s

In recent years, the AI landscape has seen huge advancements, from the release of Dall-E 2 in April 2022 to the emergence of AI music and video models in early 2024.

While creative tools often steal the spotlight, AlphaFold 2 marked a groundbreaking AI breakthrough in biology in 2021. Since its release, this pioneering tool for predicting protein structures has been utilized by over 1.7 million scientists worldwide, influencing fields ranging from genomics to computational chemistry.

In this episode, DeepMind's VP of Research for Science, Pushmeet Kohli, and a16z General Partner Vijay Pande discuss the transformative potential of AI in scientific exploration. Can AI lead to fundamentally new discoveries in science? Let's find out.

 

Resources: 

Find Pushmeet on Twitter: https://twitter.com/pushmeet

Find Vijay on Twitter: https://twitter.com/vijaypande

Learn more about Google DeepMind: https://deepmind.google

Read DeepMind’s AlphaFold whitepaper: https://deepmind.google/discover/blog/a-glimpse-of-the-next-generation-of-alphafold

Read DeepMind’s AlphaGeometry: https://deepmind.google/discover/blog/alphageometry-an-olympiad-level-ai-system-for-geometry

Read DeepMind’s research on new materials: https://deepmind.google/discover/blog/millions-of-new-materials-discovered-with-deep-learning/

Read DeepMind’s paper on FunSearch, focused on new discoveries in mathematics: https://deepmind.google/discover/blog/funsearch-making-new-discoveries-in-mathematical-sciences-using-large-language-models

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Zcash

ECC’s position on the Zcash Dev Fund

Zcash wasn’t bootstrapped like most other crypto projects. There was no ICO to fill the coffers for years to come. There was no series of large VC raises. It was […] Source
Zcash wasn’t bootstrapped like most other crypto projects. There was no ICO to fill the coffers for years to come. There was no series of large VC raises. It was […]

Source


PIVX

PIVX Perspectives Spotlight Shines on Hans Koning, DAO Specialist and PIVX advisor.

1-Please tell us a little bit about yourself. Am not shy or modest, but honestly feel anything related to blockchain, decentralization and DAOs is not about an individual, least of all me. But can best be described as literally one of the dinosaurs of the ecosystem. Have an interest in almost anything I don’t understand which is probably how I got into blockchain! Apart from new technology I love

1-Please tell us a little bit about yourself.

Am not shy or modest, but honestly feel anything related to blockchain, decentralization and DAOs is not about an individual, least of all me. But can best be described as literally one of the dinosaurs of the ecosystem. Have an interest in almost anything I don’t understand which is probably how I got into blockchain! Apart from new technology I love (random order) travelling, company of friends and family, food, something to wash the food down with, art, politics, economy, society and sports. A moment of happiness is when coming home after a trip crashing on the couch with a cheese sandwich.

2- When and why did you get into cryptocurrency?

This is a bit of a fluid answer I have noticed, and can change depending on setting. Guess we all like to think we were part of the “smart few” who joined early. Reminds me a bit of when people speak about epic events and stuff: 10 million people claim to have attended Woodstock, yet only 10,000 actually did…. So, there’s that! Anyway, my interested started when Bitcoin tipped $ 100 and thought, well there must be something in it. The actually journey of reading up on blockchain, decentralization and thinking of the wider implications started in 2015. Think the ICO boom of 2017 made me first question and challenge the crypto community and started to make me the decentralization and privacy advocate I am today.

3- Why the interest in DAOs?

For me blockchain has always been much, much more than a technology. I always see it as a social fabric, a new way on organizing and managing cooperation. That cooperation I see in a wide context: between organizations, people, computers and a mixture thereof. In a way you could say that after launching the blockchain, the chain will look after itself. People not so much as history shows us regularly. To me the DAO is the core of that cooperation, there where the social aspect of the project comes alive. Perhaps better said as there where community demand meets community supply. And that social aspect can be anything really: cooperation, participation, engagement, involvement in any shape or form YOU choose, be it active, passive, one-off, continuous. That this is possible I find extraordinary, and something that is really missed in today’s society. Say you are really passionate about a specific topic. To express that you need to get involved in an NGO, special interest group, political movement etc. That is a massive hurdle, and assuming you can take that hurdle it is questionable if you can actually voice your thoughts and provide input. And, literally, at what cost? That is where the DAO distinguishes itself, as it provides a vehicle that is permissionless in many, many ways. My passion is to ensure we keep this part of blockchain not only alive but also make sure we develop it into something that meets and suits demand of the ecosystem now and in the future.

4- Hans, could you share some insights into how PIVX has embraced the DAO model and how it has impacted the project’s governance and decision-making processes?

To me the crux of a project is how and when decentralization is embraced. Very important to me is that it is not an afterthought, but has been put centre stage from inception. That is something we see in Bitcoin — still a great standard — but luckily also in many other projects, PIVX included. Personally I also believe an important component of a true DAO is to not try to invent the wheel all over again, and to not make it depending on specific people. That is also something PIVX has embraced, and by doing so set a new standard in the ecosystem. An important part of a DAO is governance and specifically its decision making process. That is a bit of an Achilles heel for many projects. Who can vote, who can table an idea, where comes the funding from? In PIVX everyone can develop a proposal, and that is being voted on by the masternode holders. That is in my view still an issue, as I would love to lower that barrier and be able to include an even wider community to decision making. The “1 Coin 1 Vote” system which PIVX uses a variance of is flawed in that sense, but also seems to be what we have for the moment. To me the low key approach and the wide accessibility of the DAO is what keeps me involved.

5 — What are some notable features or characteristics of PIVX as a DAO that sets it apart from other cryptocurrency projects?

The route PIVX has chosen — community designed governance — is very close to my heart, and again industry leading. PIVX was very lucky to have really smart people making really smart decision when created. In case you are wondering, no, that wasn’t me: I wish! Community designed governance (CDG) is a decentralized form of governance, where decisions that affect the blockchain and the community are made in a decentralized way. That means anyone can make a proposal, express their thoughts, check the validity and necessity of a proposal making everyone a stakeholder if you choose to be one. But although we sometimes thing governance equals decision making, CDG is much more than decision making. It is a way in where values, beliefs and thoughts come together. Perhaps it can be described as that what gives a face to PIVX. In the simplest terms to me the most notable feature it is Proof of Community.

6- How has PIVX leveraged the DAO structure to foster community involvement and ownership?

The already mentioned community aspect of governance combined with the funding structure of PIVX creates an environment that allows wide participation. That is a crucial condition for any project I would say, and often overlooked. Compare this to the corporate world where a company says the customer is key but there is no way to contact them if I want. The infrastructure, the environment needs to be okay first and foremost. PIVX has done that from the onset. Another important component is collectivism: we are all in this because we value decentralization, privacy and feel an alternative tool is needed to facilitate transactions. That collectiveness is a strength for PIVX and is also reflected in the DAO. How else can you have a project operating so successfully by community that is geographically dispersed, often doesn’t each other’s real names, or has ever met each other in person for so many years? That is Proof of Community in actions.

7 -Given your respective interests and expertise in blockchain, decentralization, and governance, what initially sparked your interest in DAOs and why do you believe they hold significant importance in the evolution of the crypto industry and beyond?

The DAO isn’t only the face of the project it is also the heart and soul of it. And the DAO needs to be treated as your body: use it or lose it! That sounds like a cheap one-liner, but that is far from my intention. The Proof of Community aspect is something I value, cherish and want to protect and preserve. That combined with my strong personal belief that blockchain is much more than technology alone made me and keeps me involved. I believe that today’s world and society — perhaps better said our way of cooperation, including the current state of democracy — needs a new, fresh approach. Going back to basic way of cooperating, just you and I, peer to peer, making and living by decentralization, only organizing there where it makes sense, is probably something we could use. The good old coop for instance has addressed and successfully resolved many societal issues in the past like housing, financial inclusion and independence and labor issues. It is in that sense also good to realize decentralization isn’t a new and revolutionary movement but is a useful and proven concept combined with technology. That is exciting, and I want to be part of that.

PIVX Perspectives Spotlight Shines on Hans Koning, DAO Specialist and PIVX advisor. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Shade Protocol

Alexandria Unveiled — Shade v2.1

Alexandria Unveiled — Shade v2.1 https://app.shadeprotocol.io/ Greetings community, At Shade Protocol we build Unstoppable Finance — a world of DeFi that is globally accessible, censorship resistant, privacy-preserving, and easy to use. We believe that privacy is the key to unlocking the full value of a decentralized future. Without privacy, we fail to achieve what DeFi is fully capable 
Alexandria Unveiled — Shade v2.1 https://app.shadeprotocol.io/

Greetings community,

At Shade Protocol we build Unstoppable Finance — a world of DeFi that is globally accessible, censorship resistant, privacy-preserving, and easy to use. We believe that privacy is the key to unlocking the full value of a decentralized future. Without privacy, we fail to achieve what DeFi is fully capable of.

Your Money.
Your Data.
Your Decisions.

Shade Protocol has existed for 2+ years — collectively achieving over $350M+ of trading volume on ShadeSwap, 40M+ TVL (at peak), with thousand of daily smart contract interactions.

As referenced in The Preamble — Road to Easy Private DeFi we have set our eyes on making Shade Protocol the easiest to use private DeFi in all of Web3. Additionally, after much user feedback we have decided to begin bundling multiple features and utilities into single upgrades, empowering upgrade packages to be more meaningful and easier to explain to users.

The Upgrade
ALEXANDRIA Upgrade will be released June 18th, 2024 at 8:00 pm. GMT +0
1. Analytics Tab - (TVL, Volume, # of trades, fees accrued, PoL, etc.)
2. Prices Tab - (historical candlestick charts / line charts / etc.)
3. dSHD - (private liquid staking for SHD)
4. Silk Analytics V2 - (SILK peg performance, basket performance, etc.)
5. New pools - (dSHD/USDC, dSHD/SHD, etc.)
6. New SILK collaterals
7. Shade Spartan NFTs

The next upgrade after Alexandria will be released September 18th, 2024. The name of the next upgrade bundle has yet to be revealed, nor has its features.

Analytics Overhaul Early stages of Silk Analytics V2

Across the Shade Protocol suite there are countless pieces of protocol data forming a story that has been previously untold. Information such as Silk collateral backing, peg performance data, protocol wide TVL, volume, # of trades, historical staking APY, etc. The Alexandria Upgrade represents a massive leap forward in visual storytelling — representing half a year of infrastructure overhaul empowering in app story telling that will provide the information and data users need to make informed decisions.

One of the key principles that drive Shade Protocol design decisions is a simple modicum: “…don’t make the user leave the app…”

As we investigated where users are spending their time to make decisions, we realized that block explorers and Coingecko are the two destinations where many users camp out. With the release of the Shade Protocol transaction history, one of these problem was solved (block explorer).

This left us with the need to create an in-app Coingecko esque experience:

Early stage implementation…imagine mainnet / June 18th

You can expect with the release of Alexandria to have the ability to seamlessly scroll through price charts & price tables similar to Coingecko — empowering you to make decisions on the fly without needing to open another tab.

One could even imagine what an overhauled ShadeSwap experience could like in the future with these new features intertwined.

dSHD — Private $SHD Liquid Staking

One of the key decisions users have had to choose while interacting with Shade Protocol is between the choice to stake or become a liquidity provider with their SHD tokens. With the launch of dSHD, users will be able to enjoy yield from both liquidity providing & from staking — unlocking new DeFi strategies and flexibility previously impossible.

dSHD represents the first ever LST for a natively private token; yet another first for Shade Protocol. You can expect major pools to be spun up such as:

dSHD / SHD dSHD/ USDC.noble

Additionally, Shade Protocol is looking to integrate dSHD into a variety of other DeFi protocols throughout the Cosmos — setting up SHD to become the apex private omnichain asset.

Ancient Greek Theme

The parallels between Greek society, the historical city of Alexandria, and the ethos of Shade Protocol are intriguing and rich with significance. Just as ancient Greece was a hub for innovation, philosophy, and intellectual exchange, Alexandria stood as a beacon of knowledge, blending cultures and fostering groundbreaking advancements in various fields. Similarly, Shade Protocol embodies a commitment to innovation and progress within the decentralized finance (DeFi) space, mirroring the spirit of exploration and discovery that defined ancient Alexandria.

The city of Alexandria served as a melting pot for ideas and culture. Similarly, Shade Protocol embraces the free market of ideas — aiming to build a global ecosystem where financial autonomy is not just a possibility, but a reality for all. Through its upcoming Alexandria bundle release and beyond, Shade Protocol continues to forge a path towards a more equitable and decentralized future, echoing the legacy of the great civilizations that came before it.

Shade Spartan “300” NFT Launch Example NFT

The launch of the legendary 300 Spartans is set for May 2024 on Stashh — the whitelist (for a randomized chance to be part of the mint) has begun to be developed.

Curious on how to join the whitelist? Keep your eyes peeled for the following:

Free badge mints Social media tasks Telegram & discord active user account selection

Are you an active community member? Your work shall be noticed, Spartan.

We believe in protecting “Your Money. Your Data. Your Decisions.”
Those who hold Shade Spartans are participants in the fight against centralization, censorship, and digital encroachment.
We are the tip of the spear.
We are the protectors of privacy.
We are Spartans.
Don’t give them an inch.

Stashh - Where Creators and Collectors Connect

Syracuse 0.1 — “The Floating City”

In addition to regularly scheduled bundle upgrades, Shade Protocol will now be releasing monthly Syracuse upgrades starting with 0.1— these are quality of life changes to the Shade Protocol app, smart contracts, & infrastructure that are outside of the scope of official upgrade bundles.

The first Syracuse release (0.1) is set for June 2nd, 2024.

Conclusion

In conclusion, the unveiling of Alexandria and the upcoming launch of Shade Spartan NFTs mark significant milestones in Shade Protocol’s journey towards revolutionizing decentralized finance. Inspired by the legacy of ancient Alexandria and the valor of the Spartans, Shade Protocol stands as a beacon of innovation and financial autonomy in the decentralized landscape.

With its commitment to privacy, ease of use, and continuous improvement through Syracuse upgrades, Shade Protocol is not only shaping the future of DeFi but also empowering individuals to reclaim control over their finances and data. As the community eagerly anticipates the release of Alexandria and beyond, Shade Protocol remains dedicated to its mission of building an unstoppable, decentralized financial ecosystem for all.

Website: app.shadeprotocol.io

Twitter: https://twitter.com/Shade_Protocol

Tuesday, 30. April 2024

RadicalxChange(s)

Tahir Amin: Co-Founder & CEO of I-MAK

In today’s episode, Matt Prewitt engages in a thought-provoking dialogue with Tahir Amin, the Co-Founder and CEO of the Initiative for Medicines, Access, and Knowledge (I-MAK). Together, they delve into the history of the patent and trademark systems – flaws and all, especially within the pharmaceutical realm. Tahir, drawing from his experience as a former intellectual property lawyer turned refor

In today’s episode, Matt Prewitt engages in a thought-provoking dialogue with Tahir Amin, the Co-Founder and CEO of the Initiative for Medicines, Access, and Knowledge (I-MAK). Together, they delve into the history of the patent and trademark systems – flaws and all, especially within the pharmaceutical realm. Tahir, drawing from his experience as a former intellectual property lawyer turned reform advocate, sheds light on how these systems have been manipulated by large corporations to prolong monopolies rather than foster invention. He proposes substantial reforms to address these systemic issues, advocating for a fundamental restructuring of the patent system. This insightful conversation highlights the complexities and challenges within the patent system and the quest for a more just and equitable approach to intellectual property.

Links & References: 

References:

I-MAK World Trade Organization (WTO) "Battle of Seattle" | 1999 Seattle WTO protests History of patent law - Wikipedia Why Intellectual Property Rights? A Lockean Justification Justifying Intellectual Property by Robert P. Merges  Article I, Section 8, Clause 8 of the US Constitution – ArtI.S8.C8.1 Overview of Congress's Power Over Intellectual Property United States Patent and Trademark Office - Wikipedia 33:14 Statstisc Peace and Science - when generics patent When Do Generics Challenge Drug Patents? | C. Scott Hemphill and Bhaven N. Sampat Investing in Ex Ante Regulation: Evidence from Pharmaceutical Patent Examination | NBER | Michael D. Frakes & Melissa F. Wasserman How a Drug Company Made $114 Billion by Gaming the U.S. Patent System - The New York Times The Burden of Patent Thickets – I-MAK 4 Economic evaluation | NICE health technology evaluations: the manual | Guidance Do not get sold on drug advertising - Harvard Health USA and New Zealand | Direct-to-consumer advertising - Wikipedia Biosimilars Basics for Patients | FDABiologics, Biosimilars and Patents: A Beginner's Guide – I-MAK Patent Reform – I-MAK

Bios:

Tahir Amin LL.B., Dip.LP., is a founder and CEO of the Initiative for Medicines, Access & Knowledge (I-MAK), a non-profit organisation working to address the structural power and inequities of the intellectual property (IP) system and how medicines are developed and distributed. He has over 25 years of experience in IP law, during which he has practised with two of the leading IP law firms in the United Kingdom and served as IP Counsel for multinational corporations. His work focuses on re-defining and re-shaping IP laws and the related global political economy to better serve the public interest and commons, by changing the structural power dynamics that allow economic and health inequities to persist. He is a former Harvard Medical School Fellow in the Department of Global Health & Social Medicine, a TED and Echoing Green Fellow. He has served as legal advisor/consultant to many international and intergovernmental organisations, including the Medecines Sans Frontieres, the European Patent Office, World Health Organization, United Nations Environment Programme, and has testified before the U.S. Congress on IP and unsustainable drug prices. 

Tahir’s Social Links:

Tahir Amin (@realtahiramin) / X Initiative for Medicines, Access & Knowledge (@IMAKglobal) / X Tahir Amin - Co-Founder and Chief Executive Officer - I-MAK | LinkedIn

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


Horizen - Blog

How to Vote on ZenIPs using Your Staked $ZEN

This quick guide is meant to help you go over the simple steps to vote on ZenIPs.FAQ1. How much voting power do I have?Your voting power is a sum of the following criteria:$ZEN in your EON wallet.$ZEN in your linked mainchain wallet.The total amount of $ZEN that was delegated to forger nodes from your EON […] The post How to Vote on ZenIPs using Your Staked $ZEN appeared first on Horizen Blog

This quick guide is meant to help you go over the simple steps to vote on ZenIPs.

FAQ

1. How much voting power do I have?

Your voting power is a sum of the following criteria:

$ZEN in your EON wallet. $ZEN in your linked mainchain wallet. The total amount of $ZEN that was delegated to forger nodes from your EON Wallet.

Please note that Horizen uses Snapshot for voting. This means that your voting power will be a total of the items above at a specific block height on EON. If token values change after that specified block height it will not be included in your voting power. 

2. How do I link my mainchain wallet to my EON address? 

Being that many users prefer to keep their $ZEN on Horizen’s mainchain we’ve made it possible to vote on proposals while keeping $ZEN on the mainchain. Please use the following guide to link your mainchain and EON addresses: https://docs.horizen.io/governance/voting_process/linking_mainchain_address

3. Do I have to do anything if I stake $ZEN to a forger node to vote on proposals?

No. As long as you are using the same wallet which was used to delegate stake, your voting power will include all $ZEN that is staked to forger nodes.

How do I vote on ZenIPs using my staked $ZEN?

Voting is done on Snapshot using Horizen EON. 

Go to the Horizen Foundation Snapshot page: https://snapshot.org/#/horizenfoundation.eth Make sure to join the Horizen Foundation as a member on Snapshot.  Connect your wallet. Choose a proposal you would like to vote on. Read through the proposal and look at the possible voting options.  Select a choice, you will be asked to sign a message with your wallet to vote on the proposal (this does not incur any gas fees).

We look forward to the continuous participation of our community and stay tuned as many exciting things are on the Horizen!

The post How to Vote on ZenIPs using Your Staked $ZEN appeared first on Horizen Blog.


Zaisan

Making Your Business Sustainable Using Blockchain

As businesses and organisations continue growing and expanding, prioritising environmental sustainability is becoming increasingly important. One way to do this is by implementing blockchain technology into your business. Let’s dive deeper! Why Your Business Should Adopt Blockchain for Environmental Sustainability Blockchain is a decentralised digital ledger. Blockchain technology allows for the s

As businesses and organisations continue growing and expanding, prioritising environmental sustainability is becoming increasingly important. One way to do this is by implementing blockchain technology into your business. Let’s dive deeper!

Why Your Business Should Adopt Blockchain for Environmental Sustainability

Blockchain is a decentralised digital ledger. Blockchain technology allows for the secure recording and verification of transactions without a central authority. This technology can potentially revolutionise how businesses operate, namely by making them more environmentally friendly. By using blockchain to support eco-friendly practices and renewable energy, your business can play a key role in creating a more sustainable future. Outside of the obvious benefits for the environment, it can also help propel your business forward in different ways.

How Blockchain Can Help Your Business Go Green

Multiple ways exist in which blockchain technology can help your business go green. Summarised below are some of the main ways in which blockchain technology can make an impact:

Tracking and verifying environmentally responsible practices Facilitating the exchange of renewable energy Blockchain-powered waste management systems Creating and managing carbon credits Using Blockchain To Track and Verify Environmentally Responsible Practices

One way that blockchain can help is by enabling the tracking and verification of environmentally responsible practices. For example, by using blockchain technology, a supply chain can track the origin and journey of products, ensuring that they are produced using sustainable methods.

This level of transparency can help consumers make more informed choices about the products they purchase. Moreover, it encourages businesses to adopt eco-friendly practices to maintain their reputation. Additionally, the use of blockchain can help businesses detect and prevent fraud, such as the sale of counterfeit or environmentally damaging products.

In this way, blockchain can help promote environmental responsibility and sustainability within the business community. By enabling more transparent and accountable business practices, blockchain technology can support the development of a more sustainable and environmentally friendly economy.

Facilitating the Exchange of Renewable Energy Using Blockchain

Blockchain can also be used to facilitate the exchange of renewable energy. It ensures renewable energy can be tracked, traded, and sold securely and transparently. This can help create a more efficient and reliable renewable energy market, as well as enable individuals and businesses easy access and use renewable energy. 

Additionally, the use of smart contracts on the blockchain can automate the process of buying and selling renewable energy. This makes it even more convenient and efficient. Overall, the use of blockchain in the renewable energy industry can greatly accelerate the transition to a more sustainable and environmentally friendly energy system that is less reliant on fossil fuels.

Using Blockchain To Create and Manage Carbon Credits

Another way in which blockchain technology can help businesses become more environmentally friendly is by enabling the creation and management of carbon credits. Carbon credits are a way for businesses to offset their carbon emissions by supporting renewable energy projects or other initiatives that reduce greenhouse gas emissions.

Source: Shell

Through blockchain, businesses can create and trade carbon credits transparently and securely. This allows for the efficient and cost-effective management of carbon emissions. It provides businesses with a way to offset their environmental impact. Furthermore, blockchain can help ensure the integrity and verifiability of carbon credits, making it easier for businesses to demonstrate their commitment to sustainability.

Overall, the use of blockchain for carbon credit management can support the transition to a low-carbon economy. Therefore, it can help businesses reduce/offset their environmental impact.

Blockchain-Powered Waste Management Systems

In addition to the previous benefits, blockchain technology can also help improve supply chain efficiency, reducing waste and enabling more transparent and accountable business practices through creating decentralised waste management systems. 

In a decentralised waste management system, blockchain can be implemented to track and verify the disposal of waste materials. This can help to ensure that waste is disposed of sustainably and responsibly, reducing the environmental impact of waste. Additionally, one can use blockchain technology to incentivise sustainable waste disposal practices, such as recycling and composting. For example, businesses and individuals could be rewarded with tokens or other digital assets for properly disposing of waste.

Furthermore, the use of blockchain can help to improve the efficiency of waste management systems. By securely and transparently tracking waste materials, blockchain can help to reduce waste and prevent fraud, such as the illegal dumping of waste materials. Thus, aiding in making waste management systems more cost-effective and sustainable.

Blockchains Do Not Have To Consume Tons of Energy

But what about the energy consumption of blockchains in general? It is true that many blockchain protocols, such as the one used by the Bitcoin network, rely on energy-intensive proof-of-work consensus mechanisms. This means that validating transactions and adding them to the blockchain requires a large amount of computing power. However, it is important to note that not all blockchain protocols operate this way.

There are also blockchain protocols that use different kinds of consensus mechanisms, such as the delegated proof-of-stake consensus mechanism, which is much more energy efficient. In a delegated proof-of-stake system, the token holders are constantly voting on “delegates”. The delegates who have the most votes at any certain point in time run the blockchain and validate transactions.

As a result, delegated proof-of-stake systems are much more energy-efficient and scalable than proof-of-work systems. They do not require a large amount of computing power to validate transactions. This makes them a more environmentally friendly and viable option for businesses and organisations that want to use public or private blockchains and require high scalability.

Conclusion

Implementing blockchain technology into your enterprise may require significant investment and resources. However, the long-term benefits of environmental sustainability and improved efficiency are well worth the effort. By utilising blockchain to support eco-friendly practices and renewable energy, your enterprise can play a key role in creating a more sustainable future.

If you want to learn more about how your enterprise can use blockchain technology, schedule a call with us.

The post Making Your Business Sustainable Using Blockchain appeared first on Zaisan.

Monday, 29. April 2024

bankless

$EIGEN Token Announcement With Sreeram Kannan and Robert Drost

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.  15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s g

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate. 

15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for. 

In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.

Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/  ------ 🏹 USE PODCAST24 FOR 10% OFF  https://bankless.cc/Citizen2024  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS:

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------ TIMESTAMPS  00:00:00 Start 00:03:39 What is a Stakedrop? 00:08:51 Allocation Details 00:15:53 Phase 1 and Phase 2 00:19:38 Locked Token Utility 00:24:30 When Are Tokens Unlocked? 00:31:04 Intersubjective Forking 00:36:30 Building WWIII Resistance 00:42:15 History Behind Their Decision 00:53:03 Eigenlayer Foundation 00:56:38 Future of Points 00:58:38 US Citizens Blocked 01:01:47 Token Allocation Thoughts 01:05:10 What's Next?

------ RESOURCES Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/ 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Zcash

ECC: Ending the Zcash trademark agreement will increase decentralization and resilience

The novel Zcash Trademark and License Agreement was the first of its kind. Electric Coin Co. (ECC) and Zcash Foundation (ZF) created it, among other reasons, to ensure that any […] Source
The novel Zcash Trademark and License Agreement was the first of its kind. Electric Coin Co. (ECC) and Zcash Foundation (ZF) created it, among other reasons, to ensure that any […]

Source


bankless

$3 Trillion in Stablecoins by 2030 | Jeremy Allaire, USDC Founder

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-jeremy-allaire-interview  ------ Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle. A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-jeremy-allaire-interview 

------ Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.

A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?

Stay tuned because we ask all that and much more.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS

0:00 Intro 5:47 SVB Crisis Reflections 24:00 Crypto Age in Internet Terms 31:15 The Future of Stablecoins 41:42 The Crypto Venmo 56:18 Blackrock’s BUIDL Fund 1:01:44 US Government 1:16:35 USDC vs Tether 1:22:00 Central Bank Stablecoins 1:28:14 Regulatory Protectionism 1:32:25 Closing Thoughts

------ RESOURCES

Jeremy Allaire https://twitter.com/jerallaire  

USDXX - What backs a USDC? https://www.blackrock.com/cash/en-us/products/329365/circle-reserve-fund  

Circle https://www.circle.com/en/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

Saturday, 27. April 2024

RadicalxChange(s)

Indy Johar: Architect and Co-Founder of Dark Matter Labs

In this final episode of our short series, host Matt Prewitt speaks with Indy Johar, architect and co-founder of Dark Matter Labs. Together they discuss the topic of ownership through the lens of theories of governance. Indy advocates for decentralized protocols in property governance, emphasizing complex contributions and contextual responsiveness – moving away from control-oriented systems towar

In this final episode of our short series, host Matt Prewitt speaks with Indy Johar, architect and co-founder of Dark Matter Labs. Together they discuss the topic of ownership through the lens of theories of governance. Indy advocates for decentralized protocols in property governance, emphasizing complex contributions and contextual responsiveness – moving away from control-oriented systems towards ennobling frameworks that empower individuals and foster deeper engagement.

RadicalxChange has been working with Indy Johar and Dark Matter Labs, together with Margaret Levi and her team at Stanford, on exploring and reimagining the institutions of ownership.

This episode is part of a short series exploring the theme of What and How We Own: Building a Politics of Change.

Read more in our newsletter What & How We Own: The Politics of Change | Part III.

Links & References: 

References:

The Code of Capital | Princeton University Press by Katharina Pistor Daniel Schmachtenberger: Steering Civilization Away from Self-Destruction | Lex Fridman Podcast #191 Partial Common Ownership | RxC Wiki [The Bellagio Model: an evidence-informed, international framework for population-oriented primary care. First experiences] Hayekian economic policy - ScienceDirect James Lovelock - Wikipedia The Economics of Care | Elizabeth Hill 

Bios:

Indy Johar (he/him) is an architect, co-founder of 00 (project00.cc), and most recently Dark Matter Labs.

Indy, on behalf of 00, has co-founded multiple social ventures from Impact Hub Westminster to Impact Hub Birmingham. He has also co-led research projects such as The Compendium for the Civic Economy, whilst supporting several 00 explorations/experiments including the wikihouse.cc, opendesk.cc. Indy is a non-executive director of WikiHouse Foundation & Bloxhub. Indy was a Good Growth Commissioner for the RSA, RIBA Trustee, and Advisor to Mayor of London on Good Growth, The Liverpool City Region Land Commissioner, The State of New Jersey - The Future of Work Task Force - among others.

Most recently he has founded Dark Matter - a field laboratory focused on building the institutional infrastructures for radicle civic societies, cities, regions, and towns.

Dark Matter works with institutions around the world, from UNDP (Global), Climate Kic, McConnell (Canada), to the Scottish Gove to Bloxhub (Copenhagen)

He has taught and lectured at various institutions including the University of Bath, TU-Berlin; Architectural Association, University College London, Princeton, Harvard, MIT, and New School.

He writes often on the https://provocations.darkmatterlabs.org

Indy’s Social Links:

Indy Johar (@indy_johar) / X Indy Johar - London, United Kingdom, Project00.cc | about.me Indy Johar – Medium

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)

Friday, 26. April 2024

a16z Podcast

Next-Gen Gaming: AI Souls, Real-time Culture, Personalized Avatars

Over 3,700 companies applied to a16z’s SPEEDRUN. In this episode, we meet the founders pushing the boundaries of what games can be. From the fusion of traditional gaming elements with modern tech-twists, a16z General Partner Andrew Chen and Partner Josh Lu discuss the challenges and wins of creating games that are not only fun but also integrate seamlessly into the digital age, from AI-twins to g

Over 3,700 companies applied to a16z’s SPEEDRUN. In this episode, we meet the founders pushing the boundaries of what games can be.

From the fusion of traditional gaming elements with modern tech-twists, a16z General Partner Andrew Chen and Partner Josh Lu discuss the challenges and wins of creating games that are not only fun but also integrate seamlessly into the digital age, from AI-twins to games that “move at the speed of culture”. 

Whether you’re a developer, an enthusiast, or just curious about the future of interactive entertainment, this episode provides a glimpse into how today's creators use creativity and technology to captivate.

If you're passionate about shaping the future of gaming, consider applying for SPEEDRUN 3.0 at a16z.com/speedrun3.

 

Resources: 

Submit your SPEEDRUN 3.0 application: https://a16z.com/speedrun-la-2024

Find Andrew on Twitter: https://twitter.com/andrewchen

Find Josh on Twitter: https://twitter.com/JoshLu

Learn more about Avi and Magic Circle: https://twitter.com/aviromanoff

Learn more about Lil Snack: https://www.lilsnack.co

Learn more about Neon Wild: https://www.neonwild.com

Learn more about Open Souls: https://www.opensouls.studio

Learn more about Altera: https://altera.al

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

ROLLUP: CZ to Jail? | Consensys sues SEC | IRS vs. Crypto | USDT in Telegram

Bankless Friday Weekly Rollup Last Week Of April ------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/A

Bankless Friday Weekly Rollup Last Week Of April

------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS & RESOURCES

0:00 Intro

4:19 Markets - Thanks Kraken

5:39 Total Crypto Market Cap

5:46 L2 Update - Brought to you by Mantle https://l2beat.com/scaling/costs 

7:42 10M active wallets are using Ethereum ecosystem every week!  https://twitter.com/RyanSAdams/status/1782756457915506876 

8:19 Base is the #2 chain for USDC Supply - Coinbase trying make a payment chain https://vxtwitter.com/jessepollak/status/1783503518156136498 

9:48 ENTER RUNES Runes changed the game for a day  https://twitter.com/mikealfred/status/1781684678782791830  https://www.okx.com/web3/marketplace/runes?channelid=ACEAP6502255  https://twitter.com/ercwl/status/1782029205770744125?s=46  https://twitter.com/hlopez_/status/1781501372200059336  https://ycharts.com/indicators/bitcoin_average_transaction_fee 

22:56 ETF INFLOWS: The inflows into BTC spot ETFs are not back yet  https://twitter.com/carpenoctom/status/1783327357652042187  https://x.com/EricBalchunas/status/1782740051929006496  https://www.coindesk.com/business/2024/04/20/grayscale- reveals-015-fees-for-its-bitcoin-mini-tr  https://twitter.com/thomas_fahrer/status/1781809562070442047 

28:03 Q1 ‘24 income statements for Ethereum and MakerDAO https://twitter.com/tokenterminal/status/1782858613943321016 

33:01 CZ might spend 3 years in prison  https://twitter.com/johnreedstark/status/1783107482325225947  https://twitter.com/rizzn/status/1783199755541066103  https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.8  https://twitter.com/RyanSAdams/status/1783195468840697896 

40:21 Samourai wallet founders arrested https://twitter.com/RyanSAdams/status/1783222828361281847  https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering  https://x.com/RyanSAdams/status/1783254322894999978 

46:39 Consensys sues SEC https://twitter.com/fintechfrank  

52:56 Renzo announced its token launch!  https://x.com/RenzoProtocol/status/1783277589525594231  https://www.bankless.com/renzo-madness  https://twitter.com/DefiIgnas/status/1783083767449432189  https://twitter.com/dcfgod/status/1782978862772814000?ref=bankless.ghost.io  https://twitter.com/Ian_Unsworth/status/1783163546857099730 

58:57 Telegram allows USDT payments https://twitter.com/ton_blockchain/status/1781294475219812665  https://twitter.com/cstanley/status/1782459974313988281  https://twitter.com/dannypostmaa/status/1783541623839740030 

1:00:17 OP is releasing its multichain upgrade! https://twitter.com/OPLabsPBC/status/1780987940526534943 

1:01:09 Liam Shiba Inu raised $12M for its new chain  https://x.com/treatsforShib/status/1782490407655592242  https://shibarium.shib.io/ 

1:02:32 Lido is starting with DVT - Stake with friends - making lido more decentralized? https://twitter.com/LidoFinance/status/1780317961854636384 

1:04:13 IRS keeps labeling self-custody wallets as brokers  https://twitter.com/valkenburgh/status/1781380879476043940  https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf  https://twitter.com/TheCryptoCPA/status/1781403340045197813  https://twitter.com/jchervinsky/status/1782061785119367284  https://x.com/lex_node/status/1782050294429319545 

1:08:09 Raises and BVC Investments  Movement Series A https://x.com/movementlabsxyz/status/1783511681928175791  Othentic raised $4M in their seed round - RaaS for Eigen Apps https://twitter.com/0xOthentic/status/1782378684369739781 

1:11:23 MEME of the Week https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1714065541205  https://x.com/nic__carter/status/1781676895291015477 

1:15:00 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 25. April 2024

Epicenter Podcast

'Is Tether's USDT Safe?' - Paolo Ardoino

Long regarded as an impending black swan, Tether has successfully weathered out the contagion and bank runs caused by Luna’s collapse in the depths of the 2022-2023 bearmarket. Since then, a large portion of Tether’s reserves has been shifted to treasury bills, which are the closest dollar proxy, positioning Tether among the top 20 holders of T-bills, worldwide. However, navigating the Tether FUD

Long regarded as an impending black swan, Tether has successfully weathered out the contagion and bank runs caused by Luna’s collapse in the depths of the 2022-2023 bearmarket. Since then, a large portion of Tether’s reserves has been shifted to treasury bills, which are the closest dollar proxy, positioning Tether among the top 20 holders of T-bills, worldwide. However, navigating the Tether FUD was not the first rodeo for Paolo Ardoino, as he has also previously led Bitfinex, which successfully recovered after a $72M hack, back in 2016. The worldwide adoption of USDT, especially in emerging markets and developing economies, serves as a testament to Tether’s commitment to create a product with tangible real-life applications.

Topics covered in this episode:

Paolo’s background How Bitfinex succeeded DEX vs. CEX UX Entrepreneurship and company culture Founding Tether and its use cases Expanding Tether’s cross-chain support Tether’s reserves and long-term vision Stablecoin wars: BUSD & USDC Decentralized stablecoins and bank runs The potential of diversifying physical backing Holepunch & Keet - the P2P renaissance Incentivising P2P interactions

Episode links:

Paolo Ardoino on Twitter Tether on Twitter Bitfinex on Twitter Holepunch on Twitter Keet on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain & Friederike Ernst.

Wednesday, 24. April 2024

bankless

Tech Acceleration vs Deceleration: e/acc vs. d/acc debate | Erik Torenberg & Haseeb Qureshi

Erik Torenburg and Haseeb Quereshi join us for today's debate. Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade.  We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Bef

Erik Torenburg and Haseeb Quereshi join us for today's debate.

Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade. 

We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Beff Jezos. You’ve heard what they think.

Today’s episode is a discussion and at times a debate on these opinions to help you think through where you stand on this issue - Haseeb Quereshi tends toward the EA side which favors more caution and regulatory intervention around AI while Erik Torenburg tends toward the e/acc side of the issue which favors faster progress and lighter touch.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_NL  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  ------ TIMESTAMPS 00:00:00 Start 00:03:51 Intro To Haseeb and Erik 00:05:58 Definind EA 00:11:30 Reflecting on EA 00:19:23 Erik's Case For E/Acc 00:23:05 Defining E/Acc 00:27:18 The Problem with E/Acc & Humanism 00:34:20 How Big is This Debate Really? 00:46:31 AI Safety & Regulatory Capture 00:56:39 EA's Political Affiliation 00:59:43 Extinction Risk 01:11:04 Politicizing the Debate 01:19:56 The Pro Tech Case 01:24:08 Productive Tension 01:28:33 AI Ethics vs Safety 01:32:53 Pick a Side

------ RESOURCES Haseeb Qureshi https://twitter.com/hosseeb 

Erik Torenberg https://twitter.com/eriktorenberg 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Tuesday, 23. April 2024

PIVX

PIVX Perspectives Spotlight Shines on Cryptosi, DAO Specialist.

Please tell us a little bit about yourself. I’m Cryptosi, from the UK, been in Crypto since 2012 mostly interested in DAOs, Privacy and NFTs. Away from Crypto I’m a huge Arsenal FC fan and enjoy spending endless hours playing video games. When and why did you get into cryptocurrency? Got into crypto currency in 2012, came across it while delving into different apps on linux and the power o

Please tell us a little bit about yourself.

I’m Cryptosi, from the UK, been in Crypto since 2012 mostly interested in DAOs, Privacy and NFTs. Away from Crypto I’m a huge Arsenal FC fan and enjoy spending endless hours playing video games.

When and why did you get into cryptocurrency?

Got into crypto currency in 2012, came across it while delving into different apps on linux and the power of open source software I was looking into the most popular open source projects and I found Bitcoin as one of them, marrying the power of decentralisation with the importance of money was a no brainer and I was immediately hooked.

Why the interest in DAOs?

My interest in DAOs formed after the split of PIVX from Dash, I was sure Dash had come to the right decision by prioritising regulatory fears over privacy, but I was frustrated that none of the coin holders were polled infact there still is not any proper ways to poll stakeholders within a network, I’m fascinated by the concepts and opportunities around finding concensus in private and decentralised networks and applications.

CryptoSi could you share some insights into how PIVX has embraced the DAO model and how it has impacted the project’s governance and decision-making processes?

PIVX is unique in that its one of the few DAOs in the industry which is truly DAO led, especially now that there is not 1 recognized CORE team. The DAO is self sufficient and has been funding it’s own development for years. There have been some amazing progressions within the DAO itself such as the alliances protocol which remains the only Decentralised partnerships protocol in the world. There is still plenty of work to be done improving the voting model, factors such as one coin one vote and masternode only voting need to be addressed.

What are some notable features or characteristics of PIVX as a DAO that sets it apart from other cryptocurrency projects?

The main notable characteristic is the community, as the coin is so well aged the community all have plenty of experience working within a DAO, this means that drama around proposals is thinning out and people are finding ways to identify their common interests and overcome their differences, this is also allowing people who wouldnt usually be found in cutting edge tech startups to thrive, regardless of nationality, age or political leaning, everyone is seemingly gettin a fair crack of the whip within pivx.

How has PIVX leveraged the DAO structure to foster community involvement and ownership?

PIVX uses the DAO structure to incentivise engagement from various corners of the globe by funding marketing initiatives and tutorials by people from all over the world, in the past PIVX had a huge translations team and ambassador program which was very successful in fostering grass roots engagement and getting people to bring PIVX into their local communities, this is super evident within the Latam and portuguese communities.

Given your respective interests and expertise in blockchain, decentralization, and governance, what initially sparked your interest in DAOs and why do you believe they hold significant importance in the evolution of the crypto industry and beyond?

DAOs are the best way to harness the collective experience and intelligence of the community or the crowd, but also and possibly more importantly they allow a clean and open way to identify stars and mavericks and promote them to powerful positions within the organisation regardless of their so-called ‘experience’, ‘professionalism’ and sometimes purely on their merit.

Many thanks to Cryptosi for sitting down with leacymck for this interview.

To learn more about Cryptosi, an awesome former member of PIVX, founder of Bidify.org and co-founder of Smartreach1, please find him on Twitter at Crypto_SI

PIVX Perspectives Spotlight Shines on Cryptosi, DAO Specialist. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Monday, 22. April 2024

Horizen - Blog

Horizen DAO: Proposal and voting procedure

Improvement proposals are made to enhance an existing process, address a challenge, or create a new product or service. Their only goal is improvement. At Horizen we call them ZenIPs or EONIPs, depending on the blockchain to which they pertain. Since September 2023, they are voted on by the community From improvement proposals to DAOs […] The post Horizen DAO: Proposal and voting procedure ap

Improvement proposals are made to enhance an existing process, address a challenge, or create a new product or service. Their only goal is improvement. At Horizen we call them ZenIPs or EONIPs, depending on the blockchain to which they pertain. Since September 2023, they are voted on by the community

From improvement proposals to DAOs

Improvement proposals can be submitted by anyone in the community: team members, users, or community participants.

Improvement proposals have been part of Horizen’s governance since the project’s inception, but with the launch of Horizen DAO in 2023, public voting on ZenIPs afforded greater community participation in the process. 

This ZenIP process embodies to the spirit of decentralized governance – anyone in the community can submit a proposal, and proposals require sufficient support from the community to be adopted.

However, it is incumbent upon community members to ensure that they have understand the improvement proposal process to wield this power responsibly. This article aims to help everyone understand that process.

Take part in Horizen

You have many ways to be included in the Horizen ecosystem. By deploying on EON, deploying on Zendoo, marking PRs on Github, hosting a Super Node, hosting or delegating a Forger Node, etc.

You can also submit proposals, and vote on proposals already submitted. First, let’s see what you need to do to make a proposal.

The whole process is exhaustively published on Horizen’s docs website

2 kinds of proposals can be made:

Technical ZenIP/EONIP Non-techinal ZenIP/EONIP

Technical proposals cover changes involving core technology or the governance of the Horizen DAO, and as such have higher thresholds for submitting proposals and achieving a vote quorum. Non-technical proposals cover everything else, such as grants or making agreements with third-party service providers.

The Horizen Foundation and its partners, such as Horizen Labs, can help build and scope the proposals but don’t need to develop the ideas themselves. If you are proposing a technical ZenIP, make sure you can develop the idea or have it developed after scoping the work.
Since ZenIP 42401 passed in March 2024, the threshold and quorum are determined as the following:

TypeThreshold (to post)Quorum (vote to pass)ExamplesTechnical100,000 ZEN 
(previously 200,000)5%
(previously 10%)Removal of privacy, mainchain and sidechains improvementsNon-technical25,000 ZEN
(previously 100,000)3%
(previously 5%)Website branding, next meetups location, grant program

What are the different phases from the idea to its implementation?

Phase 1: Proposal Idea and Research

Broadly speaking, the idea stage is intended to introduce an idea for a potential improvement proposal and gauge community sentiment. The idea stage is made of the first three phases of the ZenIP process.

In the first phase, a community member who has an idea for an improvement proposal should research it and verify whether the concept or similar proposals have previously been explored or suggested.

This phase places the onus entirely on the proposer(s). It is strongly advised to support the proposal with relevant sources whenever possible thoroughly.

Phase 2: Idea Modification

Once a proposer has confirmed that the idea has not been proposed and has completed sufficient research, they publish an idea on Discourse. We recommend using the ZenIP/EONIP template for this phase. 

Phase 3: Community Feedback

Once an idea is posted on Discourse, the community provides feedback.  This phase lasts a minimum of 7 days to ensure sufficient input from other community members. It is important to note that a ZenIP idea is just that – an idea – until put forth as a formal ZenIP.

Phase 4: Proposal Draft Creation

Following the template, the idea must be posted on Github or under the “governance” section on Discourse. In this phase the use of the template is mandatory. The proposal is on the DRAFT status.

Phase 5: Draft Review and Moderator Feedback

The person or people making the proposal have 30 days to answer any moderator’s questions, if any. This delay can be shortened by the moderators.

Phase 6: Administrative Review

The Special Council reviews the proposal, with a maximum of 3 revisions. The DAO Special Council can ask for more clarifications or additional information.

Phase 7: Voting

The vote takes place on Snapshot, a decentralized autonomous organization (DAO) voting platform. You’ll need to follow up on the threshold requirements to post the proposal. The status is moved to PROPOSED.

Phase 8: Cooldown Period

A final 30 days phase commences. The proposal undergoes another review to confirm compliance with the Foundation’s Governing Documents and relevant laws.

Phase 9: Implementation

The idea becomes real. If the technical ZenIP/EONIP includes codes implemented on Github, the PR is merged. If the proposal is budget-related, the necessary funds are transferred. Status is either IMPLEMENTED or FINAL if the idea is also activated on the network.

Foundation moderators or DAO members must remain informed and involved throughout.

It’s possible to delegate voting power on Snapshot, when you publish the ZenIP IDEA or DRAFT, you can create a second topic to ask for delegated funds to post the proposal.

ZenIP naming convention

The revised ZenIP numbering conventions will use a format starting with “424” followed by two unique, sequential digits. Once the number 42499 is reached, the numbering will continue starting from 42500 onwards. This system ensures a cohesive and orderly sequence for all ZenIPs, maintaining a straightforward approach to their identification and categorization.

For the previous ZenIPs, editors used the following conventions when numbering ZenIPs:

All ZenIP numbers are prefixed with a 42 and followed by three digits. E.g. his very first ZenIP has the number 42000. If a ZenIP directly corresponds to a BIP (Bitcoin Improvement Proposal) or ZIP (Zcash Improvement Proposal), the same number is used, but without the prefix “42”. Process and Informational ZenIPs will be assigned a number in the range 42000 to 42199. Consensus ZenIPs will be assigned a number in the range 42200 to 42399. Standard Track ZenIPs will be assigned a number in the range 42400 to 42599. ZenIPs that should or will be deployed together will be numbered consecutively (wherever possible), and in a coherent reading order.

These conventions are subject to change by a majority decision of the Editors.

Express yourself through the vote

Your vote will be weighted regarding the tokens you hold on the Horizen mainchain (the historic one) and/or the Horizen EON chain (the EVM chain).

The vote happens on Snapshot and is done through MetaMask and therefore via the Horizen EON network.

Before going through the tutorial, we assume that the Horizen EON network is well configured on your MetaMask wallet. If not, please follow this guide.

If you already linked your address for a previous vote, then it’s very simple. 

We still advise you to verify if your mainchain address is well-linked on the Horizen Governance app.

If your address is not linked, follow the tutorial here.

When linked, just head to Snapshot on the Horizen governance page, and vote for the proposal when it’s published and available. 

Helpful Links Horizen Foundation on Snapshot Horizen DAO Forum on Discourse Horizen DAO Governance page on Horizen EON Web App How to connect MetaMask Wallet to Horizen EON How to Link Horizen Sphere Addresses with Horizen EON Address Download Sphere Wallet Download MetaMask Additional voting instructions for Multi-sig wallets, non-Sphere wallets, Staked ZEN on a Horizen Node, ZEN Stored on an exchange

If you need assistance, please reach out to us on the Horizen Discord, and be sure to join the Horizen DAO discussion on Discourse! 

The post Horizen DAO: Proposal and voting procedure appeared first on Horizen Blog.


BlueYard Capital

Castelion

Castelion is a defense manufacturing company building the systems America and its partners need to keep liberal democracies safe and deter future wars. The company’s first product is a hypersonic glide vehicle (HGV) for the US Department of Defense. Traditional defense primes such as Lockheed & Raytheon have failed to develop an HGV despite receiving billions of dollars per year in funding for

Castelion is a defense manufacturing company building the systems America and its partners need to keep liberal democracies safe and deter future wars. The company’s first product is a hypersonic glide vehicle (HGV) for the US Department of Defense. Traditional defense primes such as Lockheed & Raytheon have failed to develop an HGV despite receiving billions of dollars per year in funding for the last 20 years. Meanwhile, China & Russia have developed fully operational HGVs, emboldening them to expand their borders militarily.

“To counter this growing threat, and to support democracy for generations to come, America’s defense industry needs new technologies, new manufacturing approaches, and new ideas to stay unequivocally ahead. That’s why we founded Castelion — a new kind of defense manufacturing company.”

The Castelion team comes from SpaceX, where they made substantial contributions, including leading the development of Starlink & Starshield, and billions of dollars in sales to governments.

Our Thesis

Incumbent defense primes will be unable to attract the necessary talent to iterate fast enough to keep up with adversary nations on hypersonic glide vehicles. The SpaceX approach provides the best odds of liberal democracies catching up technologically while also providing venture-scale returns. If Castelion is successful at delivering a cost-effective HGV, they have the potential to apply its development methodology and team to more US Department of Defense capabilities and become a large standalone defense prime.

We are excited to be backing the Castelion team on their mission to build essential hypersonic deterrence systems to keep democracies safe. Read more about their $14.2 million financing here.


bankless

Anthony Pompliano: Bitcoin, Portfolio for 2024, Institutional Adoption & Crypto Tribalism

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-anthony-pompliano-interview  ------ Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism. Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the co

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-anthony-pompliano-interview 

------ Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism.

Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the consequential institutional adoption and crypto tribalism. We wrap up the episode with a quick lightning round with Pomp and a peek into his 2024 investment portfolio.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

------  TIMESTAMPS

0:00 Intro 6:25 Bitcoin Halving 12:07 Institutional Adoption 24:08 Bitcoin ETF Aftermath 34:02 Institutional Dangers 41:49 Bitcoin Evangelism 49:44 Culture Wars 1:03:47 US vs Crypto 1:13:46 Bear Market Learnings 1:16:35 Pomp’s Focus 1:23:04 Pomp’s Portfolio 1:27:48 Lightning Round 1:31:59 Closing & Disclaimers

------ RESOURCES

Anthony Pompliano https://twitter.com/APompliano 

The Pomp Letter https://pomp.substack.com/  

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  


a16z Podcast

Why America Must Lead in AI Investment with Senator Young (R-IN)

Senator Todd Young (R-IN) speaks with a16z General Partner Martin Casado about the importance of open innovation and American leadership in AI, and why we need to support AI research at all levels — from the classroom to the war room. In this episode, we distinguish science fiction from science reality in the ever-evolving AI landscape.   Resources: Find Senator Todd Young on Twitter: htt

Senator Todd Young (R-IN) speaks with a16z General Partner Martin Casado about the importance of open innovation and American leadership in AI, and why we need to support AI research at all levels — from the classroom to the war room.

In this episode, we distinguish science fiction from science reality in the ever-evolving AI landscape.

 

Resources:

Find Senator Todd Young on Twitter: https://twitter.com/toddyoungin

Find Martin Casado on Twitter: https://twitter.com/martin_casado

Watch the American Dynamism stage talks on YouTube: https://bit.ly/3IqWn1W

To learn more about the American Dynamism Summit, visit our website: a16z.com/ad-summit

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Saturday, 20. April 2024

Zcash

New Release 5.9.0

zcashd 5.9.0 is a maintenance release that updates dependencies and sets a new end-of-service height to ensure continuity of services. (End-of-service information is available here.) All users are encouraged to […] Source
zcashd 5.9.0 is a maintenance release that updates dependencies and sets a new end-of-service height to ensure continuity of services. (End-of-service information is available here.) All users are encouraged to […]

Source


Panther Protocol

Weekly Update | Panther Protocol

Fellow Panthers, As this week wraps up, we’re excited to share our latest news. This week’s update covers the latest updates regarding our ecosystem and testnet development. Ecosystem updates Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi Did you miss Panther Co-Founder and CEO

Fellow Panthers,

As this week wraps up, we’re excited to share our latest news. This week’s update covers the latest updates regarding our ecosystem and testnet development.

Ecosystem updates Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi

Did you miss Panther Co-Founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered. Read our latest blog for a recap. 

Panther’s CTO, Anish Mohammed, on Proof of Podcast

This week, our Co-Founder and CTO, Anish Mohammed, joined Hake from the Proof of Podcast to discuss tokenomics design and cryptography.

Panther’s CEO, Oliver Gale, at ETH Dam

Our Co-Founder and CEO, Oliver Gale, was on the stage at Crypto Canal’s ETHDam on April 13 to share his insights on alpha protection through privacy for DeFi users.

Product updates. Testnet re-deployment on Ethereum Sepolia

As the Mumbai testnet has ceased operations, Panther will deploy the testnet to Ethereum Sepolia network next week. We will publish more details on how to test and receive test rewards on Sepolia in our docs next week. 

Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. Development for Stage 6 is complete and currently under testing. The team plans to release Stage 6 for community testing later this month. 

Stage 7 development

Stage 7 of the testnet dApp includes DeFi swaps, advanced disclosures, other supported assets, and canary deployment (use of real tokens). The team is working on Stage 7 parallel to Stage 6 and Enhancement Stage 2. We are working on UI/UX development and integration with different DeFi tools, including Uniswap, and expects to release Stage 7 for community testing in the first week of May.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord


Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi

Did you miss Panther co-founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered.  The session, “Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi,” explored the $2.6T problem of open blockchain

Did you miss Panther co-founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered. 

The session, “Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi,” explored the $2.6T problem of open blockchain privacy and Panther Protocol’s solution. A recap of the presentation follows. 

Pseudonymity: A $2.6 trillion problem

Open ledgers are supposed to be a good thing. They help to ensure that users can’t commit fraud, prevent duplicate transactions, and more. All of these things are true and important, but until now, they have come at the expense of another basic human need: privacy. On pseudonymous blockchains, if a third party can link a wallet address to a user, they can follow, measure, and use the complete transaction history associated with that wallet address. Every transaction. 

This is wrong. Although we recognize blockchain technology’s enormous benefits, financial privacy should be a fundamental human right. 

And it’s a huge problem. Of the approximately $2.6 trillion invested in crypto, all but a relatively tiny amount is on public blockchains. 

Your Data is YOUR Data

The problem with pseudonymous blockchains goes beyond third parties monitoring your spending habits: your data is valuable– and it should be YOUR data. Europe’s General Data Protection Regulation (GDPR) reflects a broader shift in how we perceive ownership of information. Just as it set a benchmark for consumer privacy and control, DeFi users should have ownership of their data both as a personal matter and because there is value in your data. 

This is especially true for high-volume traders and institutions, who risk having others copy their trades, their “alpha,” and their strategy. 

The “solution” created a new problem.

The reaction to this problem to date has been the creation of privacy protocols, which sever the link between wallet and on-chain public ledger, using a variety of technologies. Unfortunately, this causes a new problem: compliance hurdles. Tornado Cash is a prototypical example of how severing the link between the public chain and wallet alone is not a viable solution to privacy. Tornado Cash has been accused of facilitating money laundering and sanctioned by the U.S. Treasury, among actions from other regulators. If DeFi is going to welcome a new era of mainstream adoption, it is clear that privacy protocols also need to enable compliance. In fact, regulators, including the U.S. Treasury have specifically called this out as a market need

Market requirements for any solution

Greenfield Capital’s Report on Reviving Transaction Privacy: Approaches To Combat Compliance And Usage Challenges covers this exact issue. In the report, they recognize the enormous potential of removing a major obstacle to mainstream DeFi adoption by enabling compliance and privacy simultaneously. They state that any such solution would need to keep bad actors from abusing the system, especially through KYC, and that it would need to navigate regulatory ambiguity, given that regulatory requirements may vary from one jurisdiction to another, giving the Travel Rule as an example. The Travel Rule is a regulatory mandate by the Financial Action Task Force (FATF), an intergovernmental organization formed by the G7 to combat money laundering and terrorism financing, which requires cryptocurrency exchanges and other virtual asset service providers to share specific transaction details of the parties involved in transfers​.

Greenfield also points out that success for any protocol hinges on: 

Providing sufficient value relative to any fees associated with its use (keeping gas relatively low). Ensuring there is a large enough anonymity set to keep transactions private. Integration with existing DeFi protocols: Users are unlikely to use protocols that don’t enable use across the most popular tokens and chains.  Enter Panther Protocol

Panther Protocol will add a privacy layer to blockchain transactions and DeFi applications. Using advanced cryptographic techniques, including zkSNARKs, the protocol will provide users with the ability to preserve their privacy while also enabling them to disclose data to whoever they choose. Flagship features include: 

Preservation of privacy: Panther’s Shielded Pool technology will help to preserve your privacy by separating your transactions from the public ledger, safeguarding your identity.  Control over your data: Enable KYC validations without exposing your personal details. Our Zero-Knowledge proof-based technology will let you choose exactly who can see your identity and transaction history.   Panther’s DeFi adapters will facilitate seamless integration with existing DeFi protocols, ensuring privacy without sacrificing functionality and allowing users to engage with DeFi platforms while keeping their transactions private. Decentralized Identity: Your zAccount will act as a decentralized ID that helps safeguard your personal details, allowing you to make crypto transactions while protecting your identity. Modular and expandable: Zones will offer customization for asset lists, user lists, transaction limits, and DeFi application access.

For more detailed information about Panther Protocol, please click here

Competitive Landscape

Greenfield identifies 11 elements that can enable the solution to the issue of privacy in blockchain. Panther’s model includes all of these, with the exception of compliance committees, which is by design and not necessary for Panther’s privacy preservation and compliance enablement. 

Panther is also one of only two projects in Greenfield’s report that includes KYC in its model, which is a requirement in nearly every major jurisdiction. 

How to get involved

If you are interested in helping Panther usher in a new era of DeFi adoption where your right to privacy is respected, we would love you to join us: 

Have coding skills? Explore our open-source code on GitHub to see how the zMiner dApp works and contribute to its development. Participate in Panther Improvement Proposals through the Panther DAO. Have a say in the future enhancements of our platform by participating in Panther Improvement Proposals through our decentralized autonomous organization (DAO). Learn more here.  Join the V1 Launch. Be among the first to access our mainnet launch by following us on our social media:  X, LinkedIn, Telegram, and Discord. About Panther Protocol

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge (ZK) technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. The Panther Protocol offers confidentiality across transactions in shielded pools, zSwap for DeFi integrations — enabling private swaps on third-party DEXs, and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s ZK primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord

Friday, 19. April 2024

Shade Protocol

The Preamble— Road to Easy Private DeFi

Thematic Tease Greetings community, On May 1st, we will begin to reveal an internal initiative, story, and brand that outlines the future of Shade Protocol. The first two years of Shade Protocol was sharply focused on building the key building blocks for unstoppable finance — a world of decentralized money and products that help people reclaim their autonomy & digital sovereignty. The road ha
Thematic Tease

Greetings community,

On May 1st, we will begin to reveal an internal initiative, story, and brand that outlines the future of Shade Protocol. The first two years of Shade Protocol was sharply focused on building the key building blocks for unstoppable finance — a world of decentralized money and products that help people reclaim their autonomy & digital sovereignty.

The road has been arduous.

In early 2024 we collectively had a chance to take a deep breathe and reflect. We considered what has been built, how it was built, and why it was built. We’ve built the following primitives:

SILK (unstoppable private stablecoin tracking a basket of currencies & commodities) ShadeSwap (DEX that protects your privacy) ShadeLend (private collateralized positions) Bridge (onboard & wrap public assets into private assets) Staking (passively earn real yield for securing Shade Protocol) Bonds (protocol treasury management tool) Transaction History (examine your private transactions)

A deep analysis left us dissatisfied. This is an absurd amount of product; what is stopping growth? What is disabling our ability to onboard millions into true unstoppable finance?

https://www.iflscience.com/how-a-helmet-and-a-bulletriddled-plane-perfectly-demonstrates-survivor-bias-60930

Enter survivorship bias.

You see, we started noticing a trend — thousands of new users were interacting or checking on Shade Protocol for the first time that never came back.

It was troubling.

The brand penetration of Shade Protocol is consistently generating new users, which considering our size is somewhat remarkable. However, when users actually landed on the product suite and tried to start using it we began to uncover a common trend:

Shade Protocol is too hard to use.

The core contributors began to talk to users. Hop on calls. We gathered the harshest feedback from the fiercest critics. It gave us the realization that if we continue down the path of building more and more complexity into the product suite, it will go unused. The beautiful, innovative pieces of the DeFi puzzle that have set the stage so well would slowly be wiped off the table of the Free Market.

Utility without simplicity is unused utility.

At it’s worst, complex utility is a repellent.

Naturally, the current users are okay with the user experience. If they weren’t, they wouldn’t be here continuing to use the app. This consumer survivorship bias has perhaps blinded us to the truth of the quality of what we have built.

Await our next blog post on May 1st, where we reveal the next stage of Shade Protocol’s evolution — a quest for simplicity that will redefine unstoppable finance, expanding its reach in ways yet unseen.

Twitter: https://twitter.com/Shade_Protocol

Telegram: https://t.me/ShadeProtocol


PIVX

PIVX: Engineered for Sustainable Economics

Long-Term sustainable Balance Between Inflation and Deflation. PIVX’s monetary policy was designed to maintain a sustainable balance between inflation and deflation. This maximizes network security and supports a scalable, decentralized, and resilient node infrastructure. Allows for instant, shielded transactions globally. Low Barrier to Entry With low hardware costs, anyone can participate in

Long-Term sustainable Balance Between Inflation and Deflation.

PIVX’s monetary policy was designed to maintain a sustainable balance between inflation and deflation. This maximizes network security and supports a scalable, decentralized, and resilient node infrastructure. Allows for instant, shielded transactions globally.

Low Barrier to Entry
With low hardware costs, anyone can participate in securing the PIVX network.
This enables almost unlimited potential for global inclusiveness.

Self-Funded, Fair Launch
Launched in 2016 with no pre-mine, PIVX is a true fair-launch cryptocurrency.
No ICO was held, making it community-driven from the start.

Dynamic Coin Supply Model
The PIVX coin supply changes dynamically based on transaction volume.
This is achieved through a fixed emission rate and fee burning.

Balanced Block Rewards
10 PIV per block is divided between stakers and masternodes; 4 PIV per stake and 6 PIV per masternode. An additional 10 PIV per block is allocated to the Treasury for funding proposals.

Deflationary Mechanism
Transaction fees are burned, creating a deflationary effect with increased network use. This offsets the tail emission, which decays towards 0% over time.

With its engineered economics and sustainable approach, PIVX aims to balance the needs of inflation and deflation, providing a scalable and resilient cryptocurrency network.

Source: PIVX.org/economics

PIVX: Engineered for Sustainable Economics was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

ROLLUP: BTC Halving is Here! | Worldcoin's New Chain | China ETF Approvals | Solana Chain Upgrades

Bankless Friday Weekly Rollup 3rd Week Of April ------ 🔐 SAFE | BUILD WITH THE SAFE SMART ACCOUNT https://bankless.cc/Safe_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   🔗CELO | CEL2 COMING S

Bankless Friday Weekly Rollup 3rd Week Of April ------ 🔐 SAFE | BUILD WITH THE SAFE SMART ACCOUNT https://bankless.cc/Safe_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Intro

00:03:37 Bitcoin Halving https://www.coinwarz.com/bitcoin-halving 

00:07:23 Bitcoin Runes https://youtu.be/q9RDE8U6CkI 

00:08:56 Markets https://pro.kraken.com/app/trade/btc-usd https://twitter.com/dunleavy89/status/1779120479233544261 

00:15:29 ETH Price Updates https://pro.kraken.com/app/trade/eth-usd https://twitter.com/dmihal/status/1779244625762394235 

00:19:18 L2 Updates https://l2beat.com/scaling/summary https://twitter.com/NTmoney/status/1780998133025226803 

00:24:27 World Chain Announcement https://twitter.com/worldcoin/status/1780611997396095157  https://worldcoin.org/blog/announcements/introducing-world-chain 

00:28:19 Dead Internet Theory  https://x.com/tiagosada/status/1780616673172570532 

00:30:20 OKX X Layer Launch https://www.okx.com/xlayer 

00:34:45 Kraken Wallet https://twitter.com/krakenfx/status/1780612343354855625 

00:37:15 Hong Kong ETF Approvals https://www.cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html  https://twitter.com/EricBalchunas/status/1779867078603718970 

00:42:25 Ethereum Superwallets https://twitter.com/sassal0x/status/1778616483838669202  https://twitter.com/0xCygaar/status/1778522744919044442 

00:47:48 Eigenlayer Unpaused Restaking https://x.com/eigenlayer/status/1778885106960081116 

00:50:06 Alt Restaking https://twitter.com/nektarnetwork/status/1778082320798380060  https://twitter.com/Karak_Network/status/1777370872627831019 

00:54:24 Immutable Nexus https://twitter.com/Immutable/status/1777894966498607146 

00:56:58 Crypto The Game https://x.com/BanklessHQ/status/1780994358260420807 

01:00:57 HeroGlyphs https://twitter.com/hero_glyphs  https://github.com/Finallyt/Heroglyph/blob/main/Heroglyph-Whitepaper.pdf 

01:05:35 Solana Upgrades https://x.com/SolanaStatus/status/1779727821834686592  https://twitter.com/rexstjohn/status/1779730912269500836 

01:07:34 Stablecoin Bill https://www.lummis.senate.gov/press-releases/lummis-gillibrand-introduce-bipartisan-landmark-legislation-to-create-regulatory-framework-for-stablecoins/ 

01:10:40 Raises https://twitter.com/alignedlayer/status/1779564155327934811?s=46&t=dAxCjT2P_GIrJMvMgWIpfA  https://x.com/nebrazkp/status/1780633313155457091 

01:13:40 Meme of The Week https://vxtwitter.com/Timccopeland/status/1781012538911551808 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Thursday, 18. April 2024

Epicenter Podcast

Safe: Securing $100 Billion of Crypto Assets - Lukas Schor

What started out as a plan to build prediction markets, Gnosis ended up building crucial Ethereum infrastructure and tooling. Safe is one of its many successes, which originated during the 2017 ICO mania, as a solution for managing the raised capital securely, via a multi-sig. Even back then, the multi-sig model was quickly adopted by the entire industry, as a gold standard for asset security. Sma

What started out as a plan to build prediction markets, Gnosis ended up building crucial Ethereum infrastructure and tooling. Safe is one of its many successes, which originated during the 2017 ICO mania, as a solution for managing the raised capital securely, via a multi-sig. Even back then, the multi-sig model was quickly adopted by the entire industry, as a gold standard for asset security. Smart accounts and ERC-4337 represent the next step towards mass-adoption, through achieving a Web2-like UX.

Topics covered in this episode:

Lukas’ background and how Safe was founded Bitcoin vs. Ethereum multi-sigs Smart accounts & ERC-4337 Safe’s design phylosohpy Safe CORE, SDK & API Safe wallet UX Expanding cross-chain support Safe account recovery OpSec Safe’s smart contract security Gnosis ecosystem evolution

Episode links:

Lucas Schor on Twitter Safe on Twitter Gnosis DAO on Twitter Gnosis Chain on Twitter Gnosis Pay on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture.


bankless

Runes: Tokens on Bitcoin | Casey Rodamor

Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin.  Bi

Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin. 

Bitcoin is changing and Casey appears to be one of main reasons for the change. Soon he’ll be unveiling a new protocol standard for Bitcoin - called Runes, which wants to be a bitcoin-native version of fungible tokens, on the Bitcoin L1 - which is going to be the topic of the show today.

------ 📣 PERMISSIONLESS III | BUY TICKETS NOW  Bankless Citizens get 30% off: https://www.bankless.com/tools/perks 

Use BANKLESS10 for 10% off: https://bankless.cc/PermissionlessIII 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 5:00 The Guy Who Changed Bitcoin 10:21 Why Casey’s Building 16:45 Ordinals Cultural Shift 22:43 Runes 31:40 The Ord Standard  45:27 Bitcoin Blocks & Blockspace Limit 57:47 Bitcoin Innovation Implications  1:02:41 Rune Parameters 1:11:20 The First Runes (Uncommon Goods)  1:14:34 Timeline on Runes & Trading Ecosystem 1:17:12 The Future of Runes/Ordinals 1:19:48 The Bitcoin Renaissance  1:21:34 Winning Over Bitcoin Maximalists 1:23:45 Casey’s Podcast     1:24:58 Runes Team 1:26:37 Closing & Disclaimers    ------ RESOURCES

Casey’s 1st Bankless Episode  https://youtu.be/ktL77zEWcEc 

Casey’s Twitter https://twitter.com/rodarmor  

Casey’s Hellmoney Podcast  https://www.youtube.com/channel/UCflejnUswWof6yEMk9dRzOA 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Wednesday, 17. April 2024

PIVX

Join the next Privacy Roundtable on X.

Join us for our next #PrivacyRoundtable with our friends Particl, Firo: Private cryptocurrency infrastructure and @BasicSwapDEX with guest speaker DouglasTuman host of MoneroTalk. 📅Date: April 24, ‘24 ⏰Time: 9am EST/ 2pm UTC 📍Topic: Government and Private Cryptocurrency Link: https://twitter.com/i/spaces/1vOGwjAdBloKB Link for Privacy Roundtable Spaces event will be posted here and o

Join us for our next #PrivacyRoundtable with our friends Particl, Firo: Private cryptocurrency infrastructure and @BasicSwapDEX with guest speaker DouglasTuman host of MoneroTalk.

📅Date: April 24, ‘24

⏰Time: 9am EST/ 2pm UTC

📍Topic: Government and Private Cryptocurrency
Link: https://twitter.com/i/spaces/1vOGwjAdBloKB

Link for Privacy Roundtable Spaces event will be posted here and on Twitter soon.
See you there!

Join the next Privacy Roundtable on X. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Game On: Marc Andreessen & Andrew Chen Talk Creative Computers

The gaming industry stands as a pioneer of cutting-edge technologies, ushering in innovations like GPUs, virtual and augmented reality, physics engines, and immersive multiplayer experiences.  In this episode, a16z cofounder Marc Andreessen and Andrew Chen, General Partner at a16z Games, dig into why a16z was compelled to establish a dedicated games fund. They explore the origins of tech pes

The gaming industry stands as a pioneer of cutting-edge technologies, ushering in innovations like GPUs, virtual and augmented reality, physics engines, and immersive multiplayer experiences. 

In this episode, a16z cofounder Marc Andreessen and Andrew Chen, General Partner at a16z Games, dig into why a16z was compelled to establish a dedicated games fund. They explore the origins of tech pessimism, effective engagement with government in tech, its significance for the gaming community, the ongoing AI revolution, and even what Marc himself would build today if he didn't have his hands full. 

Recorded as part of a16z's extensive games fund accelerator, SPEEDRUN, this session offers valuable insights for founders and innovators at the intersection of games and technology. 

If you're passionate about shaping the future of gaming, consider applying for SPEEDRUN 3.0 at a16z.com/speedrun3.

 

Resources: 

Find Marc on Twitter: https://twitter.com/pmarca

Find Andrew on Twitter: https://twitter.com/andrewchen

Submit your SPEEDRUN 3.0 application: https://a16z.com/speedrun-la-2024

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The Unified Architecture of Ethereum | DH + RSA

Welcome back to Bankless Takes! On the show today we walk through David’s recent article on the unified architecture theory for Ethereum.  Where does Ethereum stand in a world of many chains? How does ethereum compare to Bitcoin, Solana, Celestia, and many others are fighting for users in the space. The comparisons and top competitors might surprise you. ------ 📣SPOTIFY PREMIUM RSS FEED

Welcome back to Bankless Takes! On the show today we walk through David’s recent article on the unified architecture theory for Ethereum. 

Where does Ethereum stand in a world of many chains? How does ethereum compare to Bitcoin, Solana, Celestia, and many others are fighting for users in the space. The comparisons and top competitors might surprise you.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS 00:00 Start 02:08 Reason For This Article 06:32 Bitcoin Block Size Wars 17:51 Modern Day Big vs Small Blockers 22:06 Sophisticated Vs Primitive Blocks 33:19 Functionality Escape Velocity 37:17 The Root Of Trust 45:57 Cosmos, The Lost Tribe 56:02 Sovereignty Escape Velocity

------ RESOURCES

Davids Article: https://www.bankless.com/the-unified-architecture-of-ethereum 

Vitalik Article: https://vitalik.eth.limo/general/2019/12/26/mvb.html?ref=bankless.ghost.io 

Ryans Tweet: https://twitter.com/RyanSAdams/status/1778865602121060863 

L2 Beat: https://l2beat.com/scaling/risk 

Cosmos Tweet: https://twitter.com/hxrts/status/1774504453682405467 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Brave Browser

Brave Unveils New Privacy-Focused AI Answer Engine, Set to Handle Nearly 10 Billion Annual Queries

Answer with AI is the only large real-time answer engine that puts privacy first and does not rely on Big Tech search engines

Answer with AI is the only large real-time answer engine that puts privacy first and does not rely on Big Tech search engines

Today, Brave is announcing a major update to Brave Search and to how users find answers online. The new Brave Search answer engine synthesizes information from multiple sources into a single, intelligible answer to almost any query—a significant step forward from Brave’s AI Summarizer released in 2023

Brave Search Answer with AI is unique in several respects:

It is the first privacy-preserving answer engine available at scale, serving the almost 10 billion queries a year that Brave Search currently receives, making it, overnight, one of the largest AI solutions on the market.  It produces near instant answers (with sources cited) with sources alongside traditional search results. The answers result from the only independent search index at scale outside of Big Tech, as the largest real-time answer engines rely on the Google or Bing search engines, directly or indirectly. 

Brave Search’s Answer with AI feature is available for free to all users across platforms, on both desktop and mobile. No matter which browser users choose, it can be accessed on the Web at search.brave.com. The answer engine also supports multiple languages besides English. Brave Search’s 27 million queries a day makes it the fastest growing search engine since Bing. 

Clicking the Answer with AI button

The need for answer engines

Web-scale search engines have undergone many iterations: directory listings, ten blue links, query-dependent snippets, knowledge graphs and featured snippets. The Brave Search Answer with AI feature evolves this paradigm. An answer engine is a system that tries to answer a question, rather than point to websites about the question. Thanks to the proliferation and quality of large language models (LLMs), search-integrated answer engines are now a possibility at scale. In fact, several companies that operate search engines have released similar systems (including Bing Copilot and Google Gemini). Other answer engines rely on API access to existing search solutions to serve at least some portion of their real-time results.

Brave Search released an AI tool for synthesized results known as the Summarizer in March 2023 to help users better navigate search results. With today’s release, we’re taking a big step forward in delivering a next-level search experience, whether an answer or links of page results.

“With the new Brave Search and its integration of Answer with AI, users get the best of both worlds: one place to get generative answers as well as up-to-date links, providing instant and highly relevant results,” said Josep M. Pujol, Chief of Search at Brave. “Brave Search is uniquely positioned in this landscape, with the only independent search index besides Bing and Google. Unlike many search companies that are forced to rely on results from third parties, or others that solely offer answer engines, Brave now combines its index with AI to redefine the search experience and raise the bar on immediate pertinence in results, while preserving users’ privacy.”

Listen to the Brave Search team talk about building Answer with AI:

Transcript Introducing Answer with AI, Brave’s New AI Assistant

[00:00:00] Luke: From privacy concerns to limitless potential, AI is rapidly impacting our evolving society. In this new season of the Brave Technologist podcast, we’re demystifying artificial intelligence, challenging the status quo, and empowering everyday people to embrace the digital revolution. I’m your host Luke Mulks, VP of Business Operations at Brave Software.

Makers of the privacy respecting Brave browser and search engine, now powering AI with the Brave Search API. You’re listening to a new episode of The Brave Technologist, and this one features two guests from the Brave team, Josep, our lead at Brave Search, and Remi, the principal engineer at Brave. They joined us on the podcast this week to discuss our Answer with AI launch, which shipped a few weeks ago.

Today we dove into how Answer with AI is different from other chatbots, what this innovation means for traditional search, Our privacy policy with this engine, how we’re handling hallucinations. And what the main challenges have been in building this new system. These were the perfect guests to discuss this.

Joseph is the chief of search at Brave and has been working on an alternative search engine since 2014. Before being involved with search, he was a research scientist at multiple institutions, working on AI, distributed systems. And complex networks. He has authored over 30 papers and holds four patents.

He also holds a Ph. D. in A. I. from the Technical University of Catalonia. Remi has been working with A. I. since 2014 and currently as a Senior Software Engineer at BraveSearch, where he has been involved in scaling the ML infrastructure to serve continuously growing traffic and increasingly advanced needs, as well as in the development of BraveSearch’s latest feature, Answer with A.

I. We’re excited to share this update with you and why we’re so optimistic about it. Now for this week’s episode of the Brave Technologist. Remi and Joseph, welcome to the Brave Technologists podcast. How are you guys doing today? Good, good. Very well. Thank you. Awesome. Thanks for having us. Yeah, yeah, of course.

Excited to have you back, Joseph and Remi. Excited to have you here for the first time. I think a lot of what we’re talking about today is around this kind of new answer with AI summarizer feature that we just recently released. Remi, how is different from the typical chatbot like chatGPT or, Cloud?

[00:02:11] Remi: Yeah, great question. I think people sometimes kind of oppose them. I think, I mean, my opinion, our opinion is more complimentary. So if you take, you know, chat GPT or cloud, their goal is to build the best model for open ended conversation, you know, like, you know, having multiple rounds with a user on any, topic really.

One issue is that is often the lack of context, right? So like the only context they get is what the user gives them. And then they use the knowledge they have acquired during training to come up with answers, right? I like to think of them sometimes how they are called as foundational models. And I like this term because This is what we are doing.

We are building on top of this model. So they are kind of complimentary to what we do. And with answer with AI, basically what we do is like, we give access to this model, an entire independent search index, which is the brave search index, right? So they have quote unquote, perfect context in a way, right?

So for any user query, they are going to have access to the best information we can find on the web out of billions of pages. And we are going to synthesize this into, you know, the best answer we can, right? Okay. One, maybe like drawback with this approach is it’s off by design, a bit less interactive. So once you have your answer, you are a bit less free in the way that you can follow up.

You know, you cannot just start a conversation and it’s why, I mean, we’re going to talk, I think a bit later about that, but that’s why we’re working on integrating Leo so that we can offer, you know, both experiences, both like best answers, based on the web web, and then also following up in arbitrary ways and, you know, back and forth conversation ways of chatbots.

[00:03:45] Luke: No, it’s great. That’s awesome. And I think Joseph, when we had you here last, I think the summarizer, the first iteration of it had been out for a little bit. We’ve kind of addressed this question too, but I’m just kind of curious, like, as this new update rolls out and continue to see progress on the summarizer stuff, like, how’s your position changed?

Like, you think that, you know, answer engines are going to end up replacing traditional search or, Augmented or end of an era kind of thing, or what was your take on this?

[00:04:09] Josep: I get this question quite a lot. Well, I mean, first disclaimer, I mean, I’m better at predicting the past than the future.

It depends what you mean by replacement, right? Certainly answer engines are here to stay. They will constitute an evolution to search engines. That’s the fact. Are they going to replace them entirely? No, I don’t think so, right? For, like, for many reasons. some, right? First of all, I mean, not all the queries are amenable.

to be answered by an article type answer. We actually know from experience because of Summarizer v1, which was the toned down version of what we just released, the answers with AI, that was released more than a year ago. So we got a lot of data. And we estimate the queries that are amenable to be answered by answers with AI to be between a fourth and a third of the total queries.

So that means that you still have two thirds that are not, what are those two thirds, right? I mean, I don’t know, Bank of America login, NumPy download, Hotmail, the phone of a restaurant. I mean, can they be answered by an answer? Yes, but it’s not the most convenient way. To do it right, in a way, that’s why I don’t believe that answer engines are replacement and your answer engines are just like one extra thing that certain engines will have, right?

The same as feature the snippets or the same as knowledge graphs, right? I mean, and answer engines actually totally subsumed those two, right? But it will not subsume the 10 links and actually it shouldn’t, hopefully, right, because answers are very good, are very convenient, convenience have, have drawbacks, right?

Less choice, less sources of truth. So you don’t, you don’t want an article type answer. At least, that’s what I believe. And in any case, that’s what we experienced and, and that’s, I think that’s gonna be like this for a long time. Also in, and if you actually go more into the technical details, right? I mean, an answer engine needs a search engine nevertheless, right?

Because why are you going to pull the data from my knowledge on the LLMs? I mean, only has training data. So you need a lot of like context. To the rack generation, right? Who is the best search engine to get that context in, but you need to do things like grounding, provide citations. So you need to search engine, right?

Even if if everything was answers, you will just need a search engine. Or an a p to a search engine, right? Which is like the typical, the typical case. And then just lemme elaborate a little bit on, on those two. Yeah, please do. I mean, more like on the, on the strategy of what we want to do at Brave, right?

Just to have answers would not be actually on the best internet of the user in our opinion. Right? Because what we want to do is like an alternative to the big tech, right? So we need to do like a, to provide the same technology and the same specify the same user needs. It wouldn’t be optimal for the user to have, like, this dichotomy where they have to do certain type of queries.

It’s better one system, certain type of queries is better another system, right? People love convenience. When people search, they are not something that they do it for fun. Usually search is because you are doing a task. So you don’t want to do crazy experiments. Your need satisfied as soon as possible, right?

Regardless of the delivery methods, right? So we need to be like, we need to be one stop shop. Unless we are one stop shop, well, we cannot be the default, right? And we all know that the defaults are very important, right? I mean, there is a reason why Google pays 20 billion to Apple every year, just to be the default on Apple devices, right?

I mean, it’s like, so No, I’m not going anywhere.

[00:08:04] Luke: It is kind of a silly question too, right? Because I think one of the strengths of, of what we’ve been doing at Brave, that you guys have put a lot of care into, even with the first version of Summarizer, like making sure that things were, the citations were there and linkable and that, you know, and even with this new version, the blue links are there, right underneath, you guys are giving them for the full, like corpus of information they need.

From that summary. And I think that it’s really kind of a cool way that you guys are doing it, where you’ve mixed these two things together, where, when they serve, but I think even to unpack that a little bit, the fact that you all put so much care into just knowing what’s addressable by an answer versus what’s just a great thing to put us a search engine result page in front of, right?

Like, I think that’s even something that, you know, a level of thought that’s going into this that I think a lot of other companies probably wouldn’t apply because we’re thinking about the user like that.

[00:08:52] Josep: That’s a good point. I mean, we, one of the most challenging tasks is like the triggering, right? Like one, two, one, two, like do normal search and one to do like a answer type search, right?

And tell you, of course the user still is on control, but it’s always like a button. And then next to the query box where you can invoke the summarizer. But we try like to, you know, I try to double guess, well, to guess what is their real intent as much as possible again, like, because when I stop shop, satisfy, maximize this satisfaction, et cetera, et cetera.

So that’s kind of like, that’s one of the things and something I forgot to mention, which is like, it’s not only that, but for me, it would be better to talk about this, but I’ll do it anyway. I think the normal results on the bottom. We actually put a lot of emphasis on expanding beyond the wall of text.

People have noticed that we actually named entities and we add the structure of information into the generated answer just to understand. You know, like to be more like a friendly to the, not an eye candy, but actually like more like an informational value, right? I mean, that’s kind of like a important thing.

Like take for instance, like a phone number, right? When you don’t want to fish for a phone number on a wall of text, you want to know where it is. And just like, look there.

[00:10:10] Luke: I’ve got a great anecdote on that one too. I, it’s my go to in, business calls. I do now where, I have a feeling the person on the other end is a golfer because actually it was, look, I have these old golf clubs from like 2007.

And if anybody golfs, like when you’re putting a set together, you end up diving into these older sites where you’re like, I hope somebody put it in a HTML table of all of these, like, you know, different lofts and clubs. I actually like. Put it into the answer engine and just put everything in a beautiful table right there.

I knew all the lock degrees, all the club links, everything like that. So now it’s been kind of my go to because not only does it give me what I want, it cut probably three or four steps out of my journey of like digging up these specs and, and, and looking at it again. And I can just easily kind of share it with people.

So it’s super useful, like

[00:10:52] Josep: it’s very useful. And that’s why, like, it would be pretty short sighted not to provide answers. Right. Even with some of the drawbacks that they, they can cost, right? Like, minimize choice, narrow down, narrow down the ability for people to see other sites than, than the one that you’re providing.

I mean, those like things are, are important, but convenience. It’s like, you cannot fight the times.

[00:11:16] Remi: I love what you say about like, picking the right format of answer for any query, because in a way, like, if you forget about answer with AI, it’s what we’ve done since the beginning. You know, like, for some queries, you want a sport widget, sometimes you want a weather widget, sometimes you want, you know, something else, and answer with AI is just a continuation of that on more types of queries, where we can say, okay, for that particular query, it’s the best way to answer the user, right?

[00:11:41] Luke: It sounds like there’s probably opportunities too for, for some of these areas of concerns to kind of evolve and kind of upgrade with some of these things too, right? I mean, I’m sure that like people are concerned about, Oh, well, you know, it seems like nobody’s really monetizing the AI side other than doing premium and other things either, but it seems like a pretty greenfield there.

And when I see these things, I’m like, wow, there’s just like, this is a whole new level of interesting, useful things that users can benefit from that, you know, it’s just opening the doors to, which I think is super cool. Yeah. Joseph, you’re combining this AIML kind of SERP approach. You kind of touched on it, how giving the answer can be beneficial for users, but is there any other elaboration you want to break down on how like unique this is compared to what other competitors are doing, especially when it comes to like benefiting user?

[00:12:24] Josep: The main benefit is that, well, it’s like the one of Topshop, right? The ability that the user get the best answer or results, they get the best satisfaction of their query intent. If you want to go technical, you know, in a single place, right? That’s kind of like the main benefit, the integration. However, we must say that anyone can build an answering engine, right?

Actually, there’s plenty of YouTube videos that use Brave Search API, OpenAI. They combine quickly and they create like a complexity clone kind of thing. in, in a matter of a few hours, those things actually work fairly well. So that’s not the, there’s like the meat of the problem is not the, for me, we’ll talk more about that.

Right. But like the complicated thing of an answer engine is not the application in a way it’s like how you scale it and how you do the context creation and how you put the prompt and how you do the grounding, et cetera, et cetera. Right. And all those things. Basically, yeah, we have the same ingredients, right?

Because we do use Brave Search API. One of the things that we are important for people to remember is that Brave Search uses Brave Search API. So we, we, we try to do our own dog food so that we have the best API there is. Well, at least,

[00:13:43] Luke: It’s really interesting too. I mean, I think how does it feel for you guys when you see other people? I guess AI is one of these fields where it’s almost like if somebody can think it, they’re going to make a proof of concept for it, right? Like when you start seeing other people using, whether it’s the API, I saw somebody tweeting about this the other day where they were, you know, kind of leveraging the API, when you start to see people, experimenting with this.

Tech that you guys have built, how is that seeing that in the wild? Is it exciting? Is it something kind of like you hope to see, do you hope to see more people doing that type of thing? No, no, we, we hope to see it. I

[00:14:13] Josep: mean, look at the end of the day, innovation can happen anywhere, right?

There is no prototype that doesn’t have some value, right? And there is no company that doesn’t provide some value. The other thing. Which could be discussed is like why are those things are fundamental and can really affect the ecosystem on the long run to for the benefit of the users, which is one of the brave missions.

Or they’re just like, like, lemme quote, application layer things, right? , well, that can gather a lot of attention, can gather a lot of press, but at the end of the day, they are not, they’re not fundamental, but still, they provide value. We look, we copy, they copy from us. it is like cost evolution at the end on the benefit of the user.

[00:15:00] Luke: And digging into the fundamentals a bit too, Brave’s always big on privacy, right? What’s the privacy approach with the answer engine? How does that kind of compare to what’s out there? Should users be worried of, okay, I start to treat this more like a AI bot, right? Like, and I’m worried about what I’m inputting, you know, that kind of thing.

how, how’s Brave approaching this?

[00:15:18] Josep: For answer with AI, we treat it exactly as a query, which basically means that we do not keep a user history of the queries that the user does to break. So we have actually no technical ability to do a profile of someone. Even the data that we, that we get. We don’t have personal identifiable information, but even the IP gets dropped before it reaches to us, right?

Oh, wow. For, for privacy. So long story short, we have no concept of sessions, history, or anything like this. That’s actually a big departure, right? Because, having user sessions can be beneficial, especially for like, AI tasks, right? Because it’s good to have some context of prior answers, but we, we prefer not to do it because first, You can get almost the same value, if not the same, without the risk that that entails. User profiles are very dangerous, right? I mean, imagine, and companies may have the highest moral standards, no question, right? But if the government were to ask the data, you would be obliged to give it to them, like with a judge involved, right?

But anyway, that data, uh, it’s not to have it, right? So we do not have it. So we actually sleep very well at night, knowing that. If someone gained access to all our data, they would not be able to learn who are the queries of loop. Oh, like what? I love it. You have to, like, yeah. Yeah, I’m too late,

[00:16:52] Luke: asking too many weird things.

No, I think I, you know, but such a cool thing hearing you say that. I mean, you know, like had a search in, in what we’re doing here, because it’s literally the same thing that Brendan said too, from the beginning of the company, right? Like where it’s just, you know, they can’t take what they don’t have.

I think, you know, even more now than ever, people are seeing how their data is being impacted. Just, you know, even by good actors that are not even doing anything necessarily bad, but just the fact that, you know, software things happen and, and, people reach systems, right?

[00:17:20] Josep: Accidents can happen. And also like a good actor today can become a bad actor tomorrow.

this premise on privacy on why privacy is not something that needs to be sacrificed to build good tech. That’s like the DNA of Brave. And that’s actually one of the reasons why Remi and I joined Brave two years ago.

[00:17:38] Luke: Right. I mean, what a journey too. It’s been, I think, you know, just seeing like, I mean, in the past, you know, six months, it’s just been awesome from when we had you here, last time to now.

And, and, you know, hearing Remi talk about this stuff too, it’s, it’s been really cool to like, see just how fast the iterations have been and, how you guys are keeping that ethos alive with what you’re doing. I’m going to ask you guys now too, cause, we talk about this sometimes with, prospects and partners and things like that around how, you know, Brave’s really like the only other, you Independent option out there.

Like, and especially, I mean, for me, it was surprising coming from, you know, the advertising and monetization world before it came to brave, like, I thought that was a small circle of people, but then you start to look at the search world and it’s even smaller, right. We’re talking about using like the in house AML, AI ML and fine tuned LLMs and.

Open source LLMs, like how important is it that Brave is independent when looking at the landscape? And maybe, you guys can give the audience a sense because I have a feeling it’s really not well known just how small of a circle it is out there with indexes and a search out there.

[00:18:38] Josep: Yeah.

Independence is like a very odd quality, right? Everybody knows what it is, but it’s difficult to actually define. Brave’s mission is to, again, like build, Equal or better technology than big tech without compromising the privacy, right? And you cannot do that without building it period Because like if we’re if brave was using i don’t know google or being api There would be a dependency there where we could be a stronghold If only because companies can can go rogue, but also like terms of service can change So there’s like no real there is no real alternative, right?

So we need to build that is something that not everyone wants to do There are like many people who are, again, like working at the application layer, right? They want to actually build some cool feature or cool product that satisfy the user needs. And that’s totally legit, right? My only wish would be that they would be a little bit more transparent about it, right?

Right. But because in a way, why do you have to be transparent about it? Because basically, like, because users make a choice, right? And when people make a choice, they are giving with their boat, they are giving some value to the choices they make, right? I do believe that people would be actually, would do different choices if they actually knew the whole implications of the things they are doing, right?

Right. They always like, I use this analogy, which is kind of like the, the person like who drives An electric car, but doesn’t care where the electricity comes from. Sure. Yeah. You can drive a lot like your car because it’s nice looking. That’s awesome acceleration, but then don’t claim it’s beer. I mean, but don’t claim it.

That is good for the environment. If you do not care about where the electricity comes from. Right. So do you want choice? Then support brave. If you just want answers. Well, but it has answers too, but other people have answers. No, it’s not, they couldn’t be better or worse. We do believe it’s better. One important thing to build our own is that technology and our own search is that basically we changing the problem.

We can actually change the underlying architecture and the underlying system to provide different types of data that are more relevant to a new feature, right? So if you use an API at the end of the day, you know, like the set of ingredients is fixed. Right. We can make our own ingredients as we move along.

And that’s a fundamental reason why, you know, we can be one step ahead and of course be more sustainable, which is like what matters to us.

[00:21:20] Luke: Yeah. That’s awesome. That was a great way of putting it with the ingredients too. We’ve seen too, I mean, one of those interesting things that think people aren’t really aware of either is just, we have this whole verified creator system with Brave and we even introduced a premium right before we even had monetization on search.

But there’s a real, it seems like there’s a real appetite from people that do know to support solutions that are different and are breaking free. I mean, even the secondary effects of these things, when. Geopolitical things happen and then something, it might impact how results are presented, right?

Because, and it might not even be the impact of directly of the partner, but it’s just some, it’s how something’s working underneath. And we saw some of this too, like with Russia and Ukraine and Dukkako, for example, right? Where it was kind of controversial and they’re kind of, I mean, when you’re married to a partner, you’re married to a partner, so I think it’s a, it’s a really good point, right?

[00:22:07] Josep: It’s not only the, Potential censorship, so things like the terms of service might might change. I mean, the service does not allow to do AI integrations, perhaps some search engines that seem to be lacking on AI features is because of the terms of service. But nobody knows for a fact, right? Because it’s not being publicized in any case, like, but, but bottom line, what is important is like everyone provides some value, right?

Brief. It’s not just to build a product. It’s a product that doesn’t sacrifice privacy and that is from the, that is from the fundamental, right? That is provides an alternative. And right now, if you are in the US, most of the people listening probably are in the US. There’s only three search engines that have their own index, is Google, Microsoft, and Brave.

And the sizes of those three companies are pretty different, right?

[00:23:04] Luke: I mean, that’s something that people don’t realize, I don’t think, is that even when you’re going to other search engines, most of the time they’re just powered by, you know, one of these big companies, right? I think it’s, awesome that you’re putting light to that too.

I mean,

[00:23:16] Josep: some of them now, because we have a search API and some of the. Those search engines that they provide some value again. I mean, it’s not, I’m not trying to like talk them down or like think that we are better. No, no. It’s just like, we have a different value of position.

[00:23:30] Luke: Right. Totally. We came into market at a different time too, right.

Where we could, that’s one of the things that I see with ad tech too, where even if people aren’t necessarily malicious, right, like their intentions weren’t bad. It’s just that when tech exponentially. Scales and adoption, right? Sometimes important ethical questions get ignored, but we’ve had this great positions coming in later to where we can kind of, from first principles, really tackle these things that need tackling, which I think is fantastic that you guys are doing, but speaking of which, Remi, like how much traffic is a new answer with the AI system handling?

Are you guys seeing like a lot of use?

[00:24:05] Remi: I mean, what we’ve seen so far is that, you know, we are handling around a hundred requests per second. On this new system, right out of like more than 300 requests per second. So as Joseph said, it’s like around a third of the queries, you know, depending on the language and countries and stuff like that.

But then this hundred requests per second translates into more than 500 concurrent generation sessions because, you know, we get a hundred new requests every second, each of these requests takes a few seconds to generate the answer. Right. So overall the load on the system is much higher. Okay. And if I can maybe just like elaborate on how this is broken down is like, you know, if a user can trigger answer with AI by a press of a button, basically, right?

So like, you could, as a user have answered with AI on any query you make, right? But then what we’ve seen drives the load is basically this automatic triggering mechanism that Josette talked about. Describe where we actually decide we try to find the best, you know, queries for which answer with AI makes sense.

And then we’ve seen that tweaking these heuristics and this decision can increase or decrease the load. And as a matter of fact, because we are now extending this, this triggering mechanism to more queries, it’s increasing over time and we expect it to keep increasing in the coming weeks as we handle more types of queries automatically.

[00:25:22] Luke: And just for folks that are unaware, that might not know what we’re talking about when you’re talking about forcing it to answer with AI, there’s this like a little four diamond icon that’s next to where kind of the magnifying glasses. If you click on that, it’ll force it to answer with AI, right? Like, I’m just curious on that front.

Like, are you seeing people, like, are we measuring that? Are you able to see like how often that gets invoked or is it, are people like, Using it often or people kind of, I mean, I know with defaults, we tend to see people just kind of let the thing do what it’s supposed to do, but are you seeing users like invoking that a lot?

[00:25:55] Remi: Yeah, I think it’s, it’s fairly small, but as you said, defaults as are what matters in the end. Right. So like, even though. I mean, there needs to be a bit of time for people to kind of learn about the future. So we’ve tried to do some in, you know, in page education where we have this little purpose and you can click on this button, right?

When it makes sense. So we’ve seen that in the past with code LLM, so this like code assistant that we’ve built and integrated last year. And over time, the clicks rate increased as people realize, okay, I can do it. Right. And then in the future queries, they start doing it more and more. And I guess there is a bit of that, but

[00:26:33] Josep: it’s very low, as you said, but that’s in a way, that’s like the point, right?

Because that’s why we put so much emphasis on the automatic triggering. Right. I mean, if too much, but of course there’s a confounder there, right? I mean, we do not know if, but in principle, I think it’s like less, a little bit less than 1%. I’m pretty happy about it.

[00:26:54] Luke: And that’s one of those things, I think, too, that’s kind of not necessarily unique to us, but the fact that we have so many early adopters, you know, that try out brave stuff, the people that are more likely to kind of push all the knobs around, you know, like, in a lot of cases, at least from what I see, because it’s been interesting for my position, you know, being out there with the community a lot is that, you know, I see what I see often where it’s, anecdotally, some people want AI to answer everything, but then some people are really repulsed by the idea of AI answering everything.

Right. And when I see that, it usually means we’re doing something right. If I see things skewing too much one way or the other, when we release these things, it’s, but, but yeah, I think that you nailed it. Like the user shouldn’t need to know whether to answer it with AI or not. It should just give them a good answer, right?

Like whether it’s a search result query or,

[00:27:35] Josep: That’s our bet in a way, right? I mean that we don’t want to go either one way or the other. We believe that both options have values, have intrinsic values, and also like to always like have the choice of the user, right? Because at the day, the query intents are very complex.

Same query can have different intents depending on a context that we do not have. Perhaps you are like in the mood of reading a lot of text, or perhaps you just want to know like, what is the last album of Lady Gaga, right? I mean, the same, the same query last album of Lady Gaga can be anything. It could be like the actual answer.

you actually want to buy it or like, you want to know the ups and downs of the story behind it. Right. It’s not, it’s a no.

[00:28:24] Luke: Well, and it’s one of those things I really love about this too, is that it’s kind of like when I’m using it, it feels like a, for a lot of the zeitgeist is kind of looking at, at AI and thinking, okay, it’s a little staple, like a, what’s his name from Microsoft days.

I don’t know that that Clippy, yeah, yeah. Where, okay. It’s constrained into this little sidecar of a prompt. Right. But when I’m using this feature, it’s actually like, okay, wait a minute. Like, here’s something that. I don’t need to need some early adopter to use it. Everybody’s using search, right?

It’s one of those things where it’s actually useful AI application in something that you can get in front of millions of people and actually have them use it right away, which kind of rare, right? One thing I want to kind of ask about that though, is, you know, when you look at like these prompts, there’s a lot of concern around like hallucinations with results.

Like how are we handling that at Brave when we do things like this answer engine, where it’s kind of almost like a hybrid of, The serpent and what you see, like with these AI prompts.

[00:29:19] Remi: That’s a good point. I mean, it’s hallucinations are most likely the biggest issue with LLMs as we’ve seen, you know, in chat GPT and like the answer confidently and you’re like, is it true or not?

Right. So one thing to remember, I think is the answer with AI is like by design. grounded in the search result, right? So like, this means that for any user query, we already providing relevant information to the model. So already it’s kind of constrained to a scope, which is much more limited compared to like chat GPT, where it’s like, you know, you ask a question and then the model can pick up any knowledge it might have from its pre training, right?

So like the context matters. One caveat on that is that. Grounded doesn’t mean truth, right? Because what the answer reflects is the quality of the search results. And you might have multiple perspectives in there, and we try to make sure that the final answer reflects all of them if possible, right? So we try to make sure you get the best overview possible of the search results.

But this doesn’t mean, you know, This is truthful and you still need to check, you know, critical, critical facts, right? But at least you minimize the likelihood of the model just going completely astray and, you know, like inventing,

[00:30:33] Josep: making up something. I would like to like to congratulate the team, but especially Rene, because like those things are really like an art, right?

Like on how you actually like, because like all these LLMs. And systems that are actually fairly new, might sound stupid like what they’re going to say, but nobody actually understands fully how they actually work. So it’s kind of like, you know, like what happens with MLM is that you actually put them in an input, the output amazes you.

But then if you want to make them do something specific, it usually refuses to, right? And there is a lot of like, back and forth and trial and error and educated guesses that the team has been, that’s put on it just to make this kind of like thing that, well, I mean, the, the output of the answer should be based on the.

Content of the web and on the knowledge of the content of the web, rather than the knowledge of the model itself, all the things, I mean, congratulations to Remi and Tim, because it’s a

[00:31:36] Luke: good point. I was going to sing your praises a little more. I mean, it’s one of those things where when I was seeing, you know, having been at Brave for a long time, when we brought you guys on with the search engine, the comparisons we always used to hear from people were like, okay, how does this compare to DuckDuckGo?

But like, when I see what you guys are doing now. The comparisons I’m seeing from people are like, I can use this instead of Google, right? Like it’s getting to the point where I can like, it doesn’t happen unless you have a good product that you’re putting out there, which, I mean, all this thought and care and consideration, when, especially when you compare it to how, like I used to looking at a windows 11 install and seeing that I’ve got this.

Co-piloting everywhere that I didn’t ask for, right? Like and, and, and trying to force these things on me all over the place. Like it’s a balance, right? Like, and, and, I think that you guys are doing a, a lot of great work on focusing on where these things could be most useful and then really kind of attacking that and trying to give quality, you know, with that, that’s useful.

Which is not an easy thing to balance, right? I mean, like, you know, we’re still finding our. Product market fit as a, as a whole company and how you guys are in here kind of like with the scalpel, trying to kind of take on some giants, which is awesome, I think, how do you guys measure quality when you’re looking at these things?

I mean, cause it is, it’s almost like a higher bar that you guys have to aim for because it’s married with the search result page and people are using that for research and thing like, how do you guys measure quality when you’re looking at these AI answers?

[00:32:56] Remi: Yeah. Yeah. All right. So it’s a great question.

And quality in search is already hard. I think if you put LLMs in the mix, it becomes even harder because the output of this. Models are non deterministic by nature, right? So you have like a search index which is constantly being updated, refreshed, new pages, pages updated, new events. Then you have a model which whose output is non deterministic, you mix the two, then the output is Kind of hard to reason about in an automated way, right?

So what we’ve done is like, we have multiple, let’s say, layers of testing. the first one is automated testing. So we do manage to kind of, you know, replay hundreds of queries, real queries that we’ve seen for which we know what kind of things to expect in the answer, right? If you take, let’s say, height of Everest, well, no matter it’s phrased, you want to see 8, 800 meters somewhere.

Right. Like you can do it a bit fuzzy, of course, but like you kind of have this expectation. We can do some checks on the, you know, the entities that you expect in the answer on the format. So it’s not perfect, but it gives you kind of a good approximation of you didn’t break something fundamentally if you make a change, right?

So it’s like very helpful to iterate. You make a change, you run it again. It takes maybe a couple of minutes or three minutes. So it’s like very nice. And then in the end, you still need human assessment, kind of validate any meaningful change. So we do have a quality team whose job is to actually evaluate the search results, but now also sensor with AI.

And we’ve built like custom tooling for that. So the, I mean, one of the tools we’ve built is like some kind of chatbot arena internally, where you have a blind testing tool, you get a random query, you get a screenshot of two versions of the system. Randomized. And you need to say which one is better.

Right. And it’s used by the quality team. It’s used by, you know, anyone internally in the team. So we get like multiple opinions because as we’ve seen, you know, different people might prefer slightly different things. People prefer more verbose, less verbose, more concise, etc. Right. So it’s important to have a bit of a panel of different people assessing to get kind of a balanced view in the end.

Right. And then of course the last part is dog fooding. I mean, everyone that you know in the team uses Brave Search, every day at work, outside of work, and we get like great feedback from that. So it’s like super valuable.

[00:35:21] Luke: How’s the user feedback been so far? Are you seeing anything that’s kind of surprising?

I always see this when we throw stuff in market, you know, you see we few things or you’re like, whoa, I didn’t anticipate that. You know?

[00:35:30] Remi: Yeah. You have no idea what , what are people gonna do . I, I think one data point is, it ties back to what you said. A bit earlier, but some people saying, you know, there is AI.

How do I disable this thing? Right. And we’ve seen, you know, on communities like Reddit and Hacker News, people write, Oh, I didn’t like it, or I didn’t know I needed it, but now that I. See it in action. I cannot do without it. I think that’s the best feedback because people realize that this is valuable. It helps them, you know, find answers faster, or maybe it helps them do what they could not do at all without rates.

So that’s like pretty amazing to, to see this kind of feedback.

[00:36:08] Luke: What about you, Joseph? Anything surprising coming in?

[00:36:12] Josep: No, no, we have a lot of very good testimonials. We, of course, have a couple of testimonials that like this is factually incorrect. And then we actually checked and the web is wrong. Some other things are opinions.

There is a lot of like controversial topics where no good answer exists that doesn’t offend someone and answers just make that thing worse because someone is going to get offended in a way or another, but in general, the feedback is very good. And like Remi said, like the biggest positive feedback is that we have shown these answers to a lot of people, but like not everyone is like, on Hacker News all day long, but I know all the startups or they, or they did have, YouTube tutorials that they do X, Y, Z, right?

And we do serve about like 27 million queries per day. One third of those trigger the answers, right? So that’s almost like a, let’s say rounded up 10 million answers per day. That’s a lot of eyeballs, right? And it has raised awareness that that thing exists. For

[00:37:22] Luke: me too, looking at this space broadly, it’s like, you see when all the hype cycles happening and people are starting to use their buzzword bingo about stuff and you know, Oh, AI is ubiquitous.

It’s everywhere. What this has done for me is it’s kind of actually brought it home in a way where it’s like, look, like, sure, these things will be ubiquitous, but really like it. Putting this stuff in search, search is ubiquitous. Everyone’s using it, right? Like, like this, this is one of the best use cases for AI.

I think I’ve, I’ve, I’ve seen to date that as far as like utility and mass and, and actually like getting something that people could have help from right away that they’re not going to forget about, which is also something that I’m getting users to change their habits is really hard. And I think that, you know, by approaching this with this way and search, it’s really, really clever.

And. And with those ethos that you guys kind of were covering earlier aligned so well with what we’re doing here. I think it’s, it’s really kind of an under, underrated, undervalued thing in market right now, when you look at all of the kind of stuff that’s driving the hype out there. So I, I, my hat, tip my hat to you guys for cooking all this up.

This is amazing. and, I think this is really going to be impactful. I think one kind of out there question, like, you know, looking at the horizon for things, right. And I know Brendan talks about. There’s a lot in, in our ad platform too, kind of leverages some of the local data. Like when you guys look at things like answer engine long term, right?

Like beyond, I’m talking, you know, future, future, like do you see a a, a potential here for having it answers enhanced about, based on what’s locally in my browser by where I am in the world. Like all of these types of like, you know, next level types of results you could get. Do you see us going in that direction eventually?

[00:38:57] Josep: Yes, I mean, where you are in the world, I mean, already being used, but in any case, like, you mean, like, more like a personalized context? Yes, but that doesn’t have to be done in the context of, of Leo, right? Like the in browser. AI, right? That’s why Leo is like the in browser AI of, of reform and your audience shouldn’t be familiar with it right now.

There is no integration per se, but we are working heavily on, on how to integrate, right? Because like, you know, where they are complimentary, right? Like a search is more like a, a one off for a task. Of course it can be iterative, but that’s not meant to be where Leo is more like the user agent, where you can.

Like, you can expand and you can, like, really dig down into a particular topic. And of course, because it’s local, it could have like local information that is private to you, user sessions, and all the things that we do not want to keep. Again, for privacy considerations, they could be kept in the browser in a much safer way.

So we are like working on that. That’s kind of the big step forward. We haven’t done it so far. It’s mostly because the, you know, I just want to stop shop. I keep referring to right now because right now it’s actually difficult to transition from one system to another without the user, without the user.

Getting lost in the, in the way. Right. So there has to be like, once we have the integration worked out where like people understand clearly, like what’s going on, what’s going to get happened when you do something. Right. When we work out on this details, which hopefully is going to be very soon, then we will have like a clear winner, right?

Where like, you know, you start on search, then you transition to Leo and then you do like the, the heavy lifting. Or the other way around you’re liking or leo can actually have access to real time information using research

[00:40:47] Luke: Yeah, it’s really interesting because it’s kind of almost like we’re catering to two sides of a coin where you’ve got real like power AI users that might be using something like Leo and early adopters or people that are using it as part of their, you know, even a work function.

Right? And then you’ve got also like everybody else is doing like a search. Eventually these things kind of like a purging effort for both sides is really interesting and it’ll be cool to see them come together. I know we’re way over time. I really appreciate you guys making the time to come here and talk through this.

Is there anything we didn’t cover that you all want the audience to know about that they might find interesting whether it’s about the AI engine or about any of the broader stuff you guys are working on?

[00:41:29] Remi: And maybe we can touch briefly on some of the challenges that we faced while building it. Yeah, please do.

[00:41:34] Josep: I mean, to me, because that’s what I love, you know, building and solving problems, that’s one of the most interesting aspect of it. and we faced like quite a bunch of them.

I mean, there are two kind of categories of challenges. One is like performance because, you know, with the traffic that we mentioned, it’s actually not a trivial thing to serve, you know, these big LLMs at scale, although we did have a. Lot of experience because we’ve been, you know, using transformers for years now, but on, you know, smaller models, a stricter latency budget and everything, right?

[00:42:06] Remi: So like this new feature requires like a different kind of way of, of, of deploying this model. It is like streaming continuous matching all of these things. So we have had to do a lot of work to make sure we find the sweet spot in terms of costs, because we don’t want to, you know, spend mindlessly all the money on the GPUs and performance.

So that the users, you know, get a great, great experience that is fast and snappy, and they get the answer they need quickly. Right. Second aspect is quality. Of course, we’ve touched on it. Just want to maybe add like a few, few more elements on that, like to take a step back, like, you know, when you have a traditional search engine, like What you do is you take any user query with any intent, and you’re going to try to find the top 10 pages out of billions that you have in your index, right?

And that’s already extremely hard, as we know, because we built it, right? Built it. At this point, you kind of expect the user to go open a few pages and find the answer wherever it is. Maybe it’s in a paragraph, maybe it’s Whatever, right? But you know, like from the perspective of answer with AI, it’s not because the first page on the result set is there, but the whole content of the page is relevant, right?

Maybe it’s a subset of it, right? So with answer with AI, you kind of take on this job for the user and you need to go look. in a much more granular way to pick up the right information, right? And the right information might be, as I said, like paragraph, maybe it’s a single sentence, maybe it’s a table, maybe it’s a row in a table, maybe it’s like some structured data, you know, like JSON schemas, these kinds of things.

So we’ve had to kind of, Leverage a lot of technology we had, you know, like embeddings, models, Q, Q and A, question answering models, semantic understanding, which we already had built in house for like all the other search features we built over the years. But now we’re able to leverage that to go, you know, much finer grained.

And go pick up the right context and then have the model work on that and produce the final answer. So I think that’s kind of this mindset change is pretty interesting and also where the challenge lies, right? When you, when you build such feature. Maybe one last thing is on this, like, you know, entities we’ve mentioned before, I think Joseph touched on that earlier.

Some answers are texts, some answers are not text, right? You have like cards, maybe like a thumbnail. It’s kind of interesting because What we are doing here is you take a stream of tokens from a model and then on the fly, you’re transforming the stream of token into a different representation, right? So you’re like detecting, oh, this is about entities of type, let’s say albums, right?

And then you kind of fetch more information on the fly and then present it in the end with like all the metadata that makes sense, like some label. And title and stuff like that. And we’re going to expand on that in the future. So it’s going to be hopefully more and more useful for the user. But it’s kind of an interesting challenge to, to build this system.

[00:45:14] Luke: Yeah. I mean, I just remember even before any of this AI stuff or summarizer got worked in, like being on a call with a colleague, Jan and Aldo, and he’s pulling up, we were talking about a partner. He’s pulling them up and comparing them just on the basic search results and making sure that they’re fast enough.

And one thing that’s kind of stood out here is that, yeah, there is kind of a little bit of time, but if I compare that against answer outputs on like, you know, chat GPT or other things, it’s, it’s much faster than what I would typically get in a bot, right, or prompt. Whatever you guys are doing there, it sounds like you guys are having a chisel at some pretty interesting, you know, automation, custom stuff to make that performance side of it works, but it’s cool.

I mean, like, yeah, it is neat to see this kind of richer experience when it, when it’s necessary. But I really also kind of like what, what Joseph’s talking about too, where like, I think part of the wrench is that we don’t have to show you something every time, getting that part right is, is much harder than people think, I think, or appreciate, but there’s value in that too.

Yeah.

Just so people know, I mean, like some of this is, is probably obvious, but, but like, you know, if people see a result that they think is an accurate, or if they see something that could be improved, like I know there’s feed, there’s always in feedback loops and in search, like what’s the best way for people to get you actionable information?

Is it to use those feedback loops and like thumbs up, thumbs down, things are in the product or what would you guys recommend like specifically on quality?

[00:46:35] Josep: There is like a feedback button on every result on the page. A fair amount of people submit feedback, probably only a fraction of the feedback.

Sometimes actually like I’m surprised to see like how often the feedback is positive, which means that we have very nice users who actually report positive feedback, which is rare. But that’s one way. Then for things that are like really offensive or really like dangerous, Like community forums on the web or Twitter is also acceptable for like things are dangerous.

Last on the list, I mean, if we actually have some, because like the web could contain like personal information, you know, like a phone number, like names, things like we do respect the right to be forgotten that is mandatory in the U S on the EU, but we expand it also to the whole world. So if there is like some data that shouldn’t be indexed, There is like, an email where, like, privacy at brave.

com, where like, you can submit and actually it’s not privacy, don’t check the email later, but basically like people can submit like, read to be forgotten, which is also important. An important thing, right? Because the web, as Remi said, the web has everything for the good and for the bad.

[00:47:53] Remi: Everything and more.

[00:47:56] Luke: Great point too. I mean, about, about people, you find information in there too. And we just actually interviewed Pat Walsh recently too. And

[00:48:02] Josep: yeah, Pat is the one who’s reviewing those cases because those cases is not that you can send URLs, like, okay, I want those removed. No, no, I mean, that has to be, you have to prove that you actually are the person behind that, that thing.

And that’s like. Damaging for you, you have to demonstrate, certain aspects, but then we, we got, we get those as any search engine there is that has its own index. Those are problems that others do not have, but we do have that because, we need to clean up our own index.

[00:48:30] Luke: Joseph, Remi, I really appreciate you guys, coming on the show today.

I’d love to have you all back too, when we’ve got more new things to roll out. Thanks so much. Until next time, have a good one, you guys.

[00:48:43] Josep: Thank you for having us.

[00:48:47] Luke: Thanks for listening to the Brave Technologist podcast. To never miss an episode, make sure you hit follow in your podcast app. If you haven’t already made the switch to the Brave browser, you can download it for free today at brave.com and start using Brave Search, which enables you to search the web privately. Brave also shields you from the ads, trackers, and other creepy stuff following you across the web.

What the Brave Search answer engine can do 

The secret ingredient of an answer engine is not the LLM that powers it, but the combination of a model with up-to-date, reliable data. Such data can help supply the context from which the model derives the answers it presents to the user. Or, to put it another way: an effective answer engine requires both a model and access to a search engine. With API access to a search engine, even individual contributors can generate a reasonable answer engine.

This is why Brave Search—with its index of 20 billion pages, curated and cleansed of the SEO spam and junk content that plagues other indexes—is uniquely positioned to provide such a powerful answer engine. It has the data needed to generate an accurate and timely answer, and the context.

Answers enriched with text and other media

With the new answer engine, Brave Search aims to provide not just answers, but an integrated system to satisfy the multiple intents a user might have, and to do so at scale (currently Brave Search serves more than 27 million queries per day). Loosely speaking, these intents fall into one of a handful of categories:

Navigational: Queries for specific sites, such as “Facebook” or “Twitter.” Informational: Question-based queries, or those seeking information, which generally fall into two subcategories: Specific lookups: These are often served by rich user interfaces built around structured realtime information (e.g. currency conversion rates, weather, or sports results) or custom widgets with non-real time based, deterministic data (e.g. unit conversion or time and timezone conversions). Question-like queries: Queries such as “How do I find north when hiking?” Commercial: Queries with the intent of finding or researching products and services. Transactional: Queries with the intent of completing an action (e.g. buying a product).

Given relevant context, most existing answer engines do well at informational, question-like queries. However, they tend not to perform as well on other kinds of queries. With this latest release, Brave Search will default to an answer engine experience for likely informational, question-like queries.

Answers for informational queries

For all other categories, users can trigger the answer engine on demand by simply clicking Answer with AI. This offers a best-in-class experience of both options: an answer engine that’s both predictive and optional.

Brave Search’s generative answers are not just text. The deep integration between the index and model makes it possible for us to combine online, contextual, named entities enrichments (a process that adds more context to a person, place, or thing) as the answer is generated. This means that answers combine generative text with other media types, including informational cards and images.

Answer with AI results

The Brave Search answer engine can even combine data from the index and geo local results to provide rich information on points of interest. To date, the Brave Search index has more than 1 billion location-based schemas, from which we can extract more than 100 million businesses and other points of interest. These listings—larger than any public dataset—mean the answer engine can provide rich, instant results for points of interest all over the world.

Result for point of interest

Summary of top stories related to a current event

Summary showing cited sources

How to try Brave Search’s Answer with AI feature

Brave Search can be accessed by anyone on the Web at search.brave.com, and is also the default search engine in the Brave browser for multiple countries. Answer with AI is available for all Brave Search users for searches in English, French, German, Italian, and Spanish (the answer engine functionality is available in other languages as well, but some answers may appear in English). It’s available on all platforms, on desktop and mobile.

If Brave Search is already your default search engine, simply start a search in the address bar of your browser. For question-like queries, the answer engine should produce an answer by default, which will appear at the top of the search results page. Users also have the option to request answers on-demand by clicking / tapping the Answer with AI icon that appears beside the search bar on any search results page.

The Brave Search answer engine is free to all users, and we hope to keep it this way, as we believe this is a natural evolution of search engines. In the future, we may also add a paid option, with premium experiences such as the ability to have an open ended chat, possibly in conjunction with the premium options offered by Brave Leo, the AI assistant in the Brave browser.

The impact of answer engines on the Web

There is a clear demand from users for convenient methods of consuming content, and AI-augmented answers are a key example. On the other hand, delivering on this demand can contribute to the erosion of the incentives for publishers to put out content on the Web, ultimately changing its very nature.

This challenge is not unique to Brave Search, but present across most AI-powered answer engines and chatbots, premium or open. Brave, as both a browser and search engine, is aware of these challenges. Consequently, we will be monitoring and quantifying the impact of AI-generated content on site visits, and eventually will address the disruptions that could be caused by the drop in traffic. We hope others are working on this as well.

Note: This post was updated June, 2024 to include a link to the Brave Technologist Podcast interview with the Brave Search team.

Tuesday, 16. April 2024

Horizen - Blog

Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download

The new version ZEN 5.0.2 is available to download on GitHub and via Docker. The post Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download appeared first on Horizen Blog.

The new version ZEN 5.0.2 is available to download on GitHub and via Docker.

DOWNLOAD ZEN 5.0.2 NOW ZEN 5.0.2 is the official Release for Mainnet and Testnet. ZEN 5.0.0 and ZEN 5.0.1 (previous versions) are going to deprecate on Mainnet at block #1554150, on May 7th, 2024 at approximately 3:00 AM UTC. Please, update to ZEN 5.0.2 before May 7th, 2024. ZEN 5.0.2 will not perform any network upgrade on Mainnet via Hard Fork. Nodes running on Mainnet and Public Testnet should be updated with this version.

See release notes Here

Please let us know if you have any questions or need further support by contacting us on our Discord.

The post Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download appeared first on Horizen Blog.


Zaisan

What is the difference between a Private versus Public Blockchain

Blockchain technology has many different use cases. Some are more suitable for public blockchains, and others are more suitable for private blockchains. The difference between public and private blockchains can be confusing, leaving many people wondering which of the two is most suitable for their situation. In this article, we will explain the main differences between […] The post What is

Blockchain technology has many different use cases. Some are more suitable for public blockchains, and others are more suitable for private blockchains. The difference between public and private blockchains can be confusing, leaving many people wondering which of the two is most suitable for their situation. In this article, we will explain the main differences between public and private blockchains, and when you should use which one.

What is a public blockchain?

Let’s start with the definition of a public blockchain. A public blockchain is a permissionless blockchain that allows anyone to join and participate in blockchain activities. This means anyone can contribute to the blockchain and can access the data on it.

In addition, public blockchains are decentralised, ensuring no single entity has control over the blockchain. This decentralisation also ensures that transactions on the (public) blockchain are verified by all nodes and are immutable once they’re on the blockchain.

Differences between public and private blockchains

While the above features sound nice, private blockchains might seem very similar at first glance. What are the differences and benefits of both types of blockchains?

The main difference between public and private blockchains lies in who can write and read data from that blockchain. On public blockchains, everyone can write data to and read data from the blockchain. On private blockchains though, a permissions system is in place, which determines who can perform certain actions, including reading and writing data.

Another important difference is the ownership of the blockchain. Generally speaking, public blockchains are decentralised and do not have an owner. Private blockchains, however, are generally owned by a single entity. This makes public blockchains more resistant to censorship than private blockchains.

Anonymity is another key difference between the two. Due to the permissionless nature of public blockchains, participating entities are anonymous. This can be both a benefit and a downside, depending on the use case.

Other differences are speed and scalability. Public blockchains tend to be slower and less scalable, due to their decentralised nature, while private blockchains are generally much faster and more scalable, as they don’t have to worry about decentralisation.

Picking the right blockchain

Now that you understand the differences between public blockchains and private blockchains, you should consider which blockchain is most suitable for your solution.

If your solution requires censorship resistance and the added security of decentralisation, a public blockchain is the best fit. However, if the need for high scalability, fast transactions, and a permission system take priority, a private blockchain is likely more suited.

Which public blockchain should I use?

While picking the right kind of blockchain to suit your situation best can be quite challenging, picking the right public blockchain can be even more challenging. There’s a wide variety of available public blockchains, each of them designed to serve a specific use case and/or industry. So, which one should you use?

A lot of people assume Bitcoin or Ethereum are the best public blockchains, and in a sense, they are. They are the first of their kind and are very resistant to censorship due to the high number of participants. However, these blockchains have relatively low transaction speeds and suffer from scalability issues, due to outdated consensus mechanisms used.

Modern-day, public blockchains use newer, faster, and more scalable consensus mechanisms that safeguard the benefits of public blockchains while tackling the transaction speed and scalability issues generally associated with public blockchains.

One of these public blockchains is the Europechain by Zaisan, an enterprise blockchain created by a group of system integrators and technology providers from around the European Union. This public blockchain uses the latest software to ensure fast transaction speeds and enterprise-level scalability. In addition, the blockchain offers solutions that ensure compliance with the General Data Protection Regulation (GDPR), making blockchain legal issues a problem of the past.

Key takeaways A public blockchain is a permissionless blockchain that allows anyone to join and participate in blockchain activities. Public blockchains are decentralised, which means that no single entity has control over the blockchain. Private blockchains feature a permissions system that determines who can perform certain actions, including reading and writing data. Private blockchains tend to be owned by a single entity, which makes public blockchains more censorship-resistant. Public blockchains are better suited for solutions that require censorship resistance, added security, and decentralisation Private blockchains are better suited for solutions that require high scalability, fast transactions, and a permission system. Zaisan offers a public, GDPR-compliant blockchain built with the latest technology to offer fast transaction speeds and enterprise-level scalability.

The post What is the difference between a Private versus Public Blockchain appeared first on Zaisan.


bankless

Is $TIA Modular Money? | Nick White

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs. ------ 📣 SPOTIFY PREMIUM RSS FEED

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 5:28 Celestia 2 Years Ago 6:30 Build Whatever & DA 11:29 Celestia Design Architecture 19:15 Ethereum vs. Celestia 22:26 Celestia No Virtual Machine Trade-Offs  29:57 Sharing DA Layers & Blockchain Interoperability 37:23 Celestia Trustlessness 42:09 DA as a Commodity?  54:09 Network Effects of DA 57:35 $TIA’s Role in Celestia Ecosystem 1:01:50 Lightnodes  1:04:57 $TIA’s Moneyness 1:10:20 Execution & Settlement Layers 1:16:46 Cosmos & Celestia & Ethereum 1:21:56 Sovereign Endgame  1:26:42 Closing & Disclaimers   ------ RESOURCES

Nick’s 1st Bankless Episode  https://youtu.be/bmSU3cZhe3U  

Nick White https://twitter.com/nickwh8te  

Celestia https://twitter.com/CelestiaOrg  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

Monday, 15. April 2024

RadicalxChange(s)

Matt Prewitt: Lawyer, Writer, & President of RadicalxChange Foundation

In today’s episode, guest host Margaret Levi interviews Matt Prewitt, President of RadicalxChange Foundation. With the tables turned from our last episode, Margaret interviews Matt on rethinking property rights. Beginning with a reflection on the state of political liberalism, Matt dives into the mechanics of Partial Common Ownership (also known as “Plural Property”) and it being part of the solut

In today’s episode, guest host Margaret Levi interviews Matt Prewitt, President of RadicalxChange Foundation. With the tables turned from our last episode, Margaret interviews Matt on rethinking property rights. Beginning with a reflection on the state of political liberalism, Matt dives into the mechanics of Partial Common Ownership (also known as “Plural Property”) and it being part of the solution to manage assets in a fairer, more efficient way and how experimentation like PCO can lead toward a politics of change.

RadicalxChange has been working with Margaret Levi and her team at Stanford, together with Dark Matter Labs, on exploring and reimagining the institutions of ownership.

This episode is part of a short series exploring the theme of What and How We Own: Building a Politics of Change.

Read more in our newsletter What & How We Own: The Politics of Change | Part II.

Links & References:

References:

Adam Smith | Wikipedia Liberalism | Wikipedia Liberalism - Ronald Dworkin Partial Common Ownership AKA Plural Property | RxC Wiki PCO Art | RxC Wiki Radical Markets by Glen Weyl and Eric Posner Elinor Ostrom | Wikipedia

Bios:

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

@m_t_prewitt | X

Margaret Levi is Professor of Political Science and Senior Fellow at the Center for Democracy, Development and Rule of Law (CDDRL) at the Freeman Spogli Institute (FSI) at Stanford University.

Margaret’s Social Links:

Margaret Levi | Website @margaretlevi | X (Twitter)

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


bankless

Your Guide to the Bull Run | Raoul Pal

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-raoul-pal-interview  ------ Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction. Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-raoul-pal-interview 

------ Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction.

Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak into his portfolio and shares some hot takes on the current state of AI.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS

0:00 Intro 6:35 SEC Suing Uniswap? 9:57 US Regulation Handbrakes 19:48 State of the Bull Market 29:45 Navigating Interest Rates 35:40 Understanding Debasement 47:25 Crypto Adoption 57:11 Crypto Summer 1:03:12 The L1 Race 1:07:17 The Role of ETFs 1:13:37 The Next Winter 1:17:52 Crypto Skeptics 1:22:15 The Secular Thesis 1:26:20 Raoul’s Portfolio 1:30:47 Real Vision 1:33:01 The State of AI 1:36:31 Closing & Disclaimers

------ RESOURCES

Raoul Pal https://twitter.com/RaoulGMI  

Real Vision Festival of Learning https://www.realvision.com/festival-of-learning 

Raoul Pal The Journey Man https://www.youtube.com/@RaoulPalTJM 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Sunday, 14. April 2024

PIVX

PIVX Champions The Future Of Digital Cash

PIVX is a Privacy Cryptocurrency Coin. Privacy crypto coins are like digital cash that keeps your transactions private, hiding who sends money to whom and how much. They’re needed to protect your financial privacy from prying eyes, ensuring that your transactions remain confidential and secure. Why PIVX? We offer an ethically-minded choice for your private digital cash. We have an easy-to-u

PIVX is a Privacy Cryptocurrency Coin.
Privacy crypto coins are like digital cash that keeps your transactions private, hiding who sends money to whom and how much. They’re needed to protect your financial privacy from prying eyes, ensuring that your transactions remain confidential and secure.

Why PIVX?
We offer an ethically-minded choice for your private digital cash.
We have an easy-to-use wallet, self- funded community, opportunity for rewards, and we are relentless in our pursuit to be a 100% private crypto.

Join PIVX Today!
PIVX.org / Discord.PIVX.org

PIVX Champions The Future Of Digital Cash was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 12. April 2024

bankless

"We Plan to Win" - Hayden Adams on Uniswap vs. the SEC

Crypto's OG darling exchange, Uniswap is under attack after it received an enforcement notice on Wednesday, April 10th, 2024 from none other than Gensler's anti-crypto SEC. Uniswap’s CEO Hayden Adams joins us on the podcast to share what happened, how they plan to fight, and what the industry can do to support.  ------ 🦄DEFEND UNI | FREE MINT  https://zora.co/collect/base:0x3cc5c1

Crypto's OG darling exchange, Uniswap is under attack after it received an enforcement notice on Wednesday, April 10th, 2024 from none other than Gensler's anti-crypto SEC.

Uniswap’s CEO Hayden Adams joins us on the podcast to share what happened, how they plan to fight, and what the industry can do to support. 

------ 🦄DEFEND UNI | FREE MINT  https://zora.co/collect/base:0x3cc5c167ff67ff31f8bee4b5523c684ce1172bfd/1 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 

0:00 Intro 3:15 Uniswap’s SEC Wells Notice  5:02 Comms Between SEC & Uniswap 7:23 Is $UNI a Security?  11:12 Supreme Court  13:13 Consequences of U.S. Crypto Entrepreneurs  22:01 Uniswap Labs vs. Uniswap Protocol  31:35 How Far Will the SEC Go?  33:55 Why Uniswap Is Important 39:08 Who Protects Investors More?  42:25 Are Hayden & Uniswap Ready?  43:16 Will Crypto Win?  43:29 How to Support 45:08 Closing & Disclaimers

------ RESOURCES

Hayden Adams https://twitter.com/haydenzadams 

Uniswap https://twitter.com/Uniswap  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Panther Protocol

Weekly Update | Panther Protocol

Fellow Panthers, As this week wraps up, we’re excited to share our latest news with you. This week’s update covers the latest updates regarding our ecosystem and testnet development. Ecosystem updates Testnet Stage 5 is now live with enhanced gas management and improved transaction processing Stage

Fellow Panthers,

As this week wraps up, we’re excited to share our latest news with you. This week’s update covers the latest updates regarding our ecosystem and testnet development.

Ecosystem updates Testnet Stage 5 is now live with enhanced gas management and improved transaction processing

Stage 5 of our testnet is live. Stage 5 includes using a third party Relayer service (a.k.a Bundler) and supports gasless transactions via an Account Abstraction Paymaster contract. 

Panther’s CTO, Anish Mohammed, on Proof of Podcast

Last week, our Co-Founder Anish Mohammed joined Hake from the Proof of Podcast to discuss tokenomics design and cryptography.

Panther’s CEO, Oliver Gale, at ETH Dam

Our Co-Founder and CTO, Oliver Gale, will take the stage at Crypto Canal’s ETHDam on April 13 to share his insights on alpha protection through privacy for DeFi users.

Panther Protocol testnet and rewards update

Current testnet users: 3000+

Total rewards distributed: 700,000+ $ZKP

Our testnet rewards pot is 2 million $ZKP — have you signed up for our testnet yet to earn your share? Grab the latest link from Panther’s docs to join our testnet and receive your $ZKP rewards.

Product updates. Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. Development for Stage 6 is complete and currently under testing. The team plans to release Stage 6 later this month. 

Completion of the first round of audit 

Panther recently completed Veridise’s first round of audits for circuits and smart contracts. The team is working on Enhancement Stage 2 to incorporate feedback from Veridise’s recent audits and other dApp improvements. We expect to release updates made to the dApp together with Stage 6 for community testing.

Mumbai Network Shutdown

As Polygon transitions to a new test network in response to the deprecation of the Ethereum Goerli test network (the underlying L1 for Mumbai), Mumbai has ceased operations. This development was somewhat unexpected, as we anticipated that Mumbai would remain operational until full network support for Amoy was established.

In the interim, we want our testers to know that their $ZKP rewards are SAFE and that the $ZKP rewards accumulated from Stage 1 testing up to the present are secure. You will receive these rewards as planned.

Next Steps: The Panther team is actively exploring alternatives to continue our testing processes effectively. Stay tuned for further updates on our Discord and Telegram groups, and thank you for your continued support and understanding.

Stage 7 development

Stage 7 of the testnet dApp includes DeFi swaps, advanced disclosures, other supported assets, and canary deployment (use of real tokens). The team is working on Stage 7 in parallel with Stage 6 and Enhancement Stage 2. We are currently working on UI/UX development and expect to release Stage 7 for community testing in the first week of May.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord


BlueYard Capital

Join Our Team as a Crypto Associate

Backing open-ended breakthrough research is at the core of BlueYard’s investing philosophy, whether it’s nuclear fusion, programmable stem cells or novel crypto-compute infrastructure. Hackers and researchers remain the essential backbone of the crypto industry. We are proud to have supported the work of research-focused companies like Protocol Labs, Filecoin, Flashbots, Privy, Ingonyama, Tromero

Backing open-ended breakthrough research is at the core of BlueYard’s investing philosophy, whether it’s nuclear fusion, programmable stem cells or novel crypto-compute infrastructure. Hackers and researchers remain the essential backbone of the crypto industry. We are proud to have supported the work of research-focused companies like Protocol Labs, Filecoin, Flashbots, Privy, Ingonyama, Tromero and more in solving critical crypto compute and infrastructure challenges, including those that could be key to unlocking adoption and enabling groundbreaking novel use cases.

This brings us to our core thesis underpinning our crypto investing strategy:

In the history of technology, economics and organizations — never has there been a technology and incentive system that can autonomously coordinate machines (compute, storage, etc), algorithms, data and capital at such an incredible scale, so quickly — all while providing independent, robust and trustless infrastructure for economic activity and data. Although still early in its development, crypto might be the ultimate solution to the collective action problem. Also, if one believes in a future where the autonomous coordination between compute, data and capital will play an increasing role, crypto networks could be the “under the hood” operating system for large economic networks.

Due to crypto’s inherent properties (ability to cut out gatekeepers, separation of state and money, internet native assets with open access) — crypto’s potential will unfold both through novel applications and decentralized infrastructure.

We are excited to be expanding the BlueYard team with a dedicated Crypto Associate position. This is designed to be a two-year role based in the US (ideally New York, but we’re flexible with the right candidate), supporting the team in backing entrepreneurs that are decentralizing markets and empowering humanity using crypto. At the core of BlueYard is the belief that venture capital is a product for entrepreneurs (and networks / protocols…), and if you are inspired by working with an intellectually curious, small and value-driven team, we want to hear from you.

The Associate role includes:

Identifying technologies and trends that will positively impact economies and societies and represent attractive early stage venture investment opportunities in crypto Carrying out market, company and protocol due diligence on investment opportunities Working with our portfolio companies and networks / protocols to support them Helping with our community management and events Supporting with fund reporting and analyses

Here’s what we’d like you to bring to the table:

A strong understanding of and passion for all things crypto Self-(fire)starter — be able to run on your own, identify opportunities and prioritize without much guidance The ability to clearly articulate thoughts and opinions about markets, companies and networks / protocols, both in written and spoken form Strong interpersonal skills — happy to work extensively within the team and with entrepreneurs Ability to carry out market and financial analyses Native (or close to) English language skills both written and oral The willingness to roll up your sleeves

There is no ideal background for this role and a formal degree is not required. We however think that the role will be most suitable for folks with a few years of work experience and with a track record of working in crypto.

If you are interested in the position please send the following to team@blueyard.com:

Your CV If applicable, a collection of links that best characterize your online presence

bankless

ROLLUP: Uniswap vs. SEC | Eigenlayer Mainnet | Blackrock BUIDL Fund | $TNSR Solana Airdrop

Bankless Friday Weekly Rollup 2nd Week of April, 2024  ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  🛞MANTLE

Bankless Friday Weekly Rollup 2nd Week of April, 2024 

------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS & RESOURCES

0:00 Intro

5:50 MARKET https://www.coindesk.com/markets/2024/04/11/grayscale-bitcoin-etf-sees-record-lowest-daily-outflow-of-18m  https://cryptohayes.substack.com/p/heatwave  https://www.growthepie.xyz/fundamentals/daily-active-addresses 

13:40 Revenue from Base at $40million https://twitter.com/davidomaraX/status/1777998689874628885 

15:00 4 weeks later, EIP-4844 is still a game-changer  https://twitter.com/liamihorne/status/1777689828848525607 

16:20 Movers of the Week  https://www.bankless.com/toncoins-epic-rise 

21:30 Bitcoin Ordinals taking top 10 NFT positions  https://twitter.com/ercwl/status/1777550883082875095  https://imgur.com/UnLO0F2 

22:40 Inflation hotter than expected in march - 3.8% up from 3.2% in Feb https://www.nytimes.com/2024/04/10/business/cpi-inflation-fed.html 

25:30 Gloomy news from ETH ETF frontier https://twitter.com/NateGeraci/status/1777386609760936183  https://twitter.com/NateGeraci/status/1777768937943445568  https://polymarket.com/event/ethereum-spot-etf-approved-by?tid=171284490744  https://twitter.com/dunleavy89/status/1777751802118631594  https://twitter.com/jconorgrogan/status/1777016899567604095 

34:04 Uniswap received an enforcement notice from the SEC https://x.com/Uniswap/status/1778127813138071904  https://twitter.com/haydenzadams/status/1778126466984575166  https://x.com/Uniswap/status/1778127815642075219  https://twitter.com/lex_node/status/1778167441903722768  https://twitter.com/ammori/status/1778128325996675577  https://x.com/iampaulgrewal/status/1778149863072670169  https://x.com/iampaulgrewal/status/1776292735063888374  https://twitter.com/jchervinsky/status/1778141231190552784  https://twitter.com/jchervinsky/status/1778455631277572241 

47:58 EigenLayer and EigenDA are going to mainet!  https://twitter.com/eigenlayer/status/1777757913718899074  https://twitter.com/sreeramkannan/status/1777791230556119183  https://x.com/TrustlessState/status/1778463830219092476  https://x.com/ayyyeandy/status/1778439191010873835 

1:00:40 Solana Tensor’s Airdrop https://twitter.com/TensorFdn/status/1777350377895043537  https://x.com/TensorFdn/status/1775193013230489721 

1:02:25 Bankless Airdrop Hunter https://www.bankless.com/airdrop-hunter 

1:03:25 Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors https://www.businesswire.com/news/home/20240411966052/en/Circle-Announces-USDC-Smart-Contract-for-Transfers-by-BlackRock’s-BUIDL-Fund-Investors  https://x.com/RyanSAdams/status/1778430676984897970  https://x.com/RyanSAdams/status/1778421743977173290  https://dune.com/steakhouse/tokenized-securities 

1:09:10 Raises and BVC Investments  MonadLabs raised $225M!   https://twitter.com/monad_xyz/status/1777687376136982767 

1:17:38 Bankless is hiring!  https://www.bankless.com/jobs 

1:18:00 MEME of the Week Nic vs David! 🥊 https://x.com/TrustlessState/status/1775883303268081891  https://x.com/TrustlessState/status/1774176205190709489  https://x.com/nic__carter/status/1774070020873535536  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 11. April 2024

Epicenter Podcast

Saga: 'Ethereum and Solana CAN NOT Scale. Our Chainlets Fix This!' - Rebecca Liao

One of the most important hurdles to mass adoption is represented by blockchain scalability, which also hinders the real-life utility of its numerous applications. While there are different solutions being experimented with, one should not overlook the importance of security and decentralisation. Saga introduces the concept of chainlets, interoperable Cosmos-based sovereign blockchains that share

One of the most important hurdles to mass adoption is represented by blockchain scalability, which also hinders the real-life utility of its numerous applications. While there are different solutions being experimented with, one should not overlook the importance of security and decentralisation. Saga introduces the concept of chainlets, interoperable Cosmos-based sovereign blockchains that share the security of Saga’s mainnet validator set. The majority of their parameters are fully customisable, allowing developers to tweak them towards their own needs. Saga’s main focus is building their very own Web3 gaming ecosystem, providing game devs the scaling needed to unlock their full potential and creativity.

Topics covered in this episode:

Rebecca’s background and Saga overview ‘Infinite’ horizontal scalability Saga chainlets and their focus on blockchain gaming Saga validators and fee model Building a gaming ecosystem. UGC Validator & infrastructure challenges Saga mainnet rollout $SAGA token launch and airdrop Takeaways

Episode links:

Rebecca Liao on Twitter Saga on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Felix Lutsch.


Circle Press

Announcing USDC Smart Contract for BlackRock’s BUIDL Fund Investors

USDC powers near-instant, 24/7 transfers at the speed of the Internet

USDC powers near-instant, 24/7 transfers at the speed of the Internet


bankless

Crypto vs. The World | Jake Chervinsky & Amanda Tuminelli

While there is always a lot of activity on Crypto Legal Front, this particular moment in time feels especially active. Today on the show we have Jake Chervinsky and Amanda Tuminelli, two of crypto’s most impressive lawyers.  Every single court case, of which there are 5 different ones discussed in this episode today, brings new precedent and new clarity to the crypto space. The theme of t

While there is always a lot of activity on Crypto Legal Front, this particular moment in time feels especially active. Today on the show we have Jake Chervinsky and Amanda Tuminelli, two of crypto’s most impressive lawyers. 

Every single court case, of which there are 5 different ones discussed in this episode today, brings new precedent and new clarity to the crypto space. The theme of this episode today might be… crypto bites back.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Start 00:05:18 Life as a Crypto lawyer 00:10:20 Coinbase Court Case 00:15:21 Are Airdrops Securities 00:19:34 Amanda's Take 00:22:22 Some Bad News 00:27:32 When Can We Expect Clarity? 00:30:11 Politics vs Policy 00:32:39 SEC vs ETH ETFs 00:36:55 ETH ETF Denial? 00:42:59 SEC Lying? 00:50:41 Leveraging Against Corruption 00:55:17 DeFi Education Fund vs SEC 01:03:56 Roman Storm 01:15:06 Can Courts Remain Impartial? 01:16:57 Elections Impact

 

------ RESOURCES

Amanda https://twitter.com/amandatums 

Jake https://twitter.com/jchervinsky 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Wednesday, 10. April 2024

a16z Podcast

Inside the Department of Defense and its Vision for the Future

From air-defining radar and electronic systems that helped the Allies win World War II, the origins of Silicon Valley are deeply rooted in government and defense. In today's episode, we get the chance to revisit that relationship with the United States Deputy Secretary of Defense, Kathleen Hicks. Deputy Secretary Hicks has spent decades of her career focused on defense policy and in her keynote

From air-defining radar and electronic systems that helped the Allies win World War II, the origins of Silicon Valley are deeply rooted in government and defense.

In today's episode, we get the chance to revisit that relationship with the United States Deputy Secretary of Defense, Kathleen Hicks.

Deputy Secretary Hicks has spent decades of her career focused on defense policy and in her keynote address from a16z's second annual American Dynamism Summit in Washington, D.C., you'll get an inside look into the priorities of the DoD and how it views its past, present, and future.

In the second half of the episode, you’ll hear highlights from Deputy Secretary Hicks' fireside chat with Wall Street Journal’s National Security Editor, Sharon Weinberger, where they dive into the numerous issues facing our country today, from Ukraine to the use of AI on the battlefield.

 

Resources: 

Find Deputy Secretary Hicks on Twitter: https://twitter.com/depsecdef

Find Sharon on Twitter: https://twitter.com/weinbergersa

To learn more about the American Dynamism Summit: www.a16z.com/ad-summit

Visit the full playlist of American Dynamism Summit videos on YouTube: https://bit.ly/3IqWn1W

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The Debate Over ETH's Monetary Policy | DH + RSA

The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be? Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY2

The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be?

Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Intro

00:03:23 Defining Monetary Policy

00:07:35 Total Monetary Base

00:12:46 M1 Chart https://fred.stlouisfed.org/series/M1NS 

00:15:54 M2 Chart https://fred.stlouisfed.org/series/M2NS 

00:20:05 Inflation + Purchasing Power https://fred.stlouisfed.org/series/CPIAUCNS 

00:22:50 Bitcoin Issuance Policy https://river.com/learn/who-creates-new-bitcoin/ 

00:30:22 Ethereum's Monetary Policy https://studio.glassnode.com/metrics?a=ETH&c=native&m=supply.Current&resolution=24h  https://notes.ethereum.org/@mikeneuder/iiii  https://ultrasound.money/ 

00:35:27 ETH Social Contract

00:37:23 Bitcoin Monetary Policy

00:43:09 History Of ETH Issuance https://github.com/ethereum/consensus-specs/pull/971 

00:50:58 Proposal Breakdown https://ethresear.ch/t/endgame-staking-economics-a-case-for-targeting/18751 

01:01:57 ETH Supply Curve https://imgur.com/pVrZ9Ii 

01:13:37 David's Opinion on Moving Forward

01:19:08 Ryan's Opinion

01:25:06 Policy Option 2

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Brave Browser

Leo is now integrated with Brave Talk video conferencing, enabling private, AI-supported meeting summaries, task lists, and more

Brave has integrated its AI assistant Leo with Brave Talk, its video conferencing tool, to provide real-time meeting summaries, task lists, and more for a more efficient and productive meeting experience, while maintaining privacy.

Today, Brave is announcing the latest integration of Leo, our privacy-preserving AI assistant built right into the browser. Brave Talk Premium users can now find Leo within Brave Talk—our privacy-preserving video calling tool—on both desktop and Android. With this integration, Leo can take Brave Talk transcriptions and summarize them, create clean meeting notes and task lists, answer follow up questions, and more.

Leo for Brave Talk allows call participants to fully participate in meetings and stay focused on discussions, and let Leo handle the logistics. As with all Brave products, this is done with our full privacy protections by default.

What are Brave Talk and Brave Leo?

Brave Talk—first launched in May 2020, and built on 8x8’s Jitsi Open Source video conferencing software—is our privacy-focused video conferencing feature built directly into the Brave browser. With Brave Talk, any Brave user can start a virtual meeting, livestream, hangout, or any other collaborative session. And anyone—even if they’re not using Brave—can join a Talk call.

Brave Talk offers video/audio conferencing, screen sharing, chat, and more, with no extra apps or extensions required—it’s built right into the Brave browser, and offers Brave-level privacy. With Brave Talk, what you say or type in the service is not logged or saved (except to enable call recordings and transcriptions); who you talk to, when, and how, stays private to you. Talk is free for up to 4 participants, with no limit on the number or length of calls. It’s also available as a Premium offering for larger groups, with call recordings and expanded moderation tools.

Leo is Brave’s private AI assistant available right in the browser. Leo can create real-time summaries of webpages or videos; answer questions about content, or generate new content; translate pages, analyze them, rewrite them, and more.

Leo combines this easy access to AI with the privacy focus of Brave. Chats with Leo are private and secure. Leo doesn’t record chats, or use them for model training, and no account or login is required to use Leo. With cutting-edge technology and privacy, Brave Leo pushes the boundaries of AI chatbot services. Leo is free for all Brave users, and also includes a Premium offering with higher rate limits.

The Leo integration is available for all Brave Talk Premium users and their meeting attendees on the Brave browser.

What does Brave Talk with Leo do?

Brave Talk can already provide call transcripts to moderators of Premium calls. With Leo integrated into Brave Talk, those transcripts suddenly become dynamic.

Whether you’re discussing project updates, brainstorming ideas, or conducting interviews, Leo can follow along with the conversation and make it easier for you to reference important points. Leo can use Brave Talk call transcripts to:

Summarize them into useful meeting notes Highlight key topics, decisions, and action items Find quotes, and consider follow-up questions Quickly catch up if you’re late or step away

With these logistical tasks handled, participants can stay focused, productive, and fully present during meetings. No more scrambling to capture details or struggling to recall important points with real-time note-taking, and no more disagreement about the content of a meeting.

“With Leo, meetings are now much more efficient. Teams can focus on the conversations instead of getting bogged down in note taking,” said Brian Bondy, CTO and co-founder of Brave. “Brave is committed to pairing AI with user privacy, and this applies to AI assistance in video conferencing as well. We’re excited to bring frictionless AI productivity to Brave Talk, and thrilled to continue our work with 8x8 to bring an exceptional conferencing experience to the millions of Brave users worldwide.”

“As technology providers, we are constantly looking for ways to innovate and provide our users with the tools and solutions they need to be more productive and efficient in their roles”, said  Emil Ivov, VP of Product for Video Platform and Services at 8x8.  “We’re excited to continue our partnership with Brave to couple industry-leading private video conferencing technology with a first-of-its-kind integration of private AI into calls, creating an enhanced employee and customer experience.”

Privacy and security

Unlike other AI meeting assistants, Brave Talk with Leo doesn’t share your data with anyone. Brave and 8x8 will store call recordings and transcripts for up to 24 hours to allow time for call moderators to download them. What you say or type in the service is otherwise never logged or saved. Who you talk to, when, and how, is private to you. Furthermore, when call recordings are initiated, users are made aware of this by a voice announcement. 

Brave Talk users can enable multiple layers of encryption on calls, which can prevent eavesdroppers from listening in. Brave Talk is powered by the Jitsi as a Service open-source video meeting platform from 8x8, a leading integrated cloud contact center and unified communications platform provider (NASDAQ: EGHT). 8x8 uses WebRTC open-source technology, enabling developers to embed HD video directly into the browser.

As for Leo’s privacy protections, Leo hides IP addresses using a reverse proxy, so requests cannot be linked to a user. Conversations are not persisted on Brave’s servers or used for model training. No personal data is retained by Brave-hosted AI models (though if you select the Anthropic model, Leo queries will be processed by Anthropic for a period of 30 days, then deleted). No login or account is required for access, and Leo Premium subscriptions are unlinkable to the user.

Get started with Brave Talk + Leo

The Leo integration is available for all Brave Talk Premium users and their meeting attendees on the Brave browser.

To start a Brave Talk call, Brave browser users can open a new tab and click the icon, or visit talk.brave.com. Once the call link is created, it can be shared with anyone, even if they’re not using Brave.

Brave Talk with Leo is available to Premium subscribers. To get a Premium subscription ($7/month), users can visit account.brave.com to get started. Once a Premium call is started, the meeting creator with the Premium subscription can visit Settings and turn on Record transcription (A red icon will appear at the top of the screen for all participants, indicating the call is being recorded.)

The call moderator will have access to the audio or video recording, or the transcription, for 24 hours after the call ends. The moderator can share the transcription with the meeting attendees. Those attending a Premium call from the Brave browser can click in the Brave Sidebar to ask Leo to summarize key points both during and after the meeting. Don’t see the sidebar? Visit Settings » Appearance, and toggle on Show Sidebar button. Afterwards, click the icon that appears in the address bar to use Leo in the Sidebar.

Note that Leo in Brave Talk calls are subject to Leo’s standard rate limits.

Monday, 08. April 2024

Circle Press

Circle & HEC Paris to Lead Monetary & Fintech-Focused Research Center

The ‘HEC Paris Center on the Future of Money and Digital Assets’ will drive impactful research and galvanize collaboration between academia, industry, and government stakeholders

The ‘HEC Paris Center on the Future of Money and Digital Assets’ will drive impactful research and galvanize collaboration between academia, industry, and government stakeholders


bankless

AI Power Wars | Emad Mostaque

Today on the show, we have the founder of Stability AI, Emad Mostaque. Emad recently left his company citing “You can’t beat centralized AI with more centralized AI” and decided to venture into the frontier of decentralized AI. We touch on the economical consequences of AI, why it needs to be open-source and distributed and the role of Crypto in decentralizing AI. ------ 📣 SPOTIFY PREMIUM R

Today on the show, we have the founder of Stability AI, Emad Mostaque.

Emad recently left his company citing “You can’t beat centralized AI with more centralized AI” and decided to venture into the frontier of decentralized AI.

We touch on the economical consequences of AI, why it needs to be open-source and distributed and the role of Crypto in decentralizing AI.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS

0:00 Intro 5:26 Navigating AI & Web3 10:52 AI Governance 18:03 Decentralizing AI 26:54 Balancing Coordination 33:52 Decentralized AI Infrastructure 40:10 Emad’s Projects 48:40 Decentralization Trade-Offs 58:53 Governance Structure 1:02:50 AI Regulation 1:06:36 Custom AI Models 1:12:21 AI Economical Consequences 1:17:11 AI x Crypto 1:20:47 Closing Thoughts

------ RESOURCES

Emad Mostaque https://twitter.com/EMostaque 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Saturday, 06. April 2024

Epicenter Podcast

Movement Labs: 'Facebook's MOVE Will Bring Billions of Users to Crypto' - Rushi Manche

Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical T

Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical TPS of 160,000 while also ensuring sub-cent transaction fees.

Topics covered in this episode:

Impressions from ETH Denver Rushi’s background Move vs. Solidity EVM compatibility Parallelisation vs. intent-based transactions Security and parallel state transitions Transitioning from EVM to newer VMs Berachain’s approach to EVM-compatibility Movement Labs’ tech stack Decentralising the sequencer Movement’s M1 and M2 chains Celestia DA and the Dencun upgrade Restaking Bitcoin L2s IBC-compatibility and USDC on Movement Ethereum x Cosmos convergence dApps on Move

Episode links:

Rushi Manche on Twitter Movement Labs on Twitter Nebular Podcast 'Ethereum x Cosmos Convergence'

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture & Friederike Ernst.

Friday, 05. April 2024

Panther Protocol

Monthly Update | March

Fellow Panthers, Team Panther made significant product development progress in March and expanded its ecosystem. We successfully released an intermediate stage called Enhancement-1 after Stage 4 while also making progress with the development of Stages 5 & 6 of our testnet. On top of this, the Panther tester community experienced

Fellow Panthers,

Team Panther made significant product development progress in March and expanded its ecosystem. We successfully released an intermediate stage called Enhancement-1 after Stage 4 while also making progress with the development of Stages 5 & 6 of our testnet. On top of this, the Panther tester community experienced significant growth, reaching over 2,500 testers. 

Read on to hear more about the growth of the ecosystem, details about our progress in product development, and get a glimpse into what's on the horizon for April.

Ecosystem updates Panther's CTO Discusses Future of DeFi Privacy on Epicenter Podcast

Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, recently joined Meher Roy on the Epicenter Podcast. They discussed Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will preserve the privacy of its users, what’s coming in its Mainnet launch, and its mission to enable privacy and compliance in the DeFi space. Anish’s appearance on the podcast can be found on several platforms, including Market Insider and Benzinga, thanks to our partnership with a leading media distributor.

Blog: how Panther zAssets enhance user privacy in DeFi

Our latest blog examines how Panther’s multi-chain privacy-preserving protocol intends to offer users access to public ledger liquidity while providing transactional anonymity.

Panther’s CTO, Anish Mohammed, joins ZK Demo Day as a judge 

Our Co-Founder and CTO, Anish Mohammed, recently participated as a judge at ZK Demo Day, where he shared the stage with notable leaders from Blackrock, top venture capital firms, Web3 protocols, and other industry leaders. 

Panther Team at Eth Denver 

Earlier in March, Panther’s CEO - Oliver Gale, CTO - Anish Mohammed, and Head of Products - Saif Akhtar, joined industry leaders at ETH Denver along with multiple other side events to discuss a multi-faceted perspective on ZK, data privacy, and more with Web3 builders.

Panther integrates Kyber Network to revolutionize private access to DEXs 0:00 /0:04 1×

We recently announced our integration with the Kyber Network to revolutionize private access to DEXs while minimizing slippage. With the integration, Panther users can execute trades through the Kyber Network aggregator, which sources liquidity from multiple DEXs. These trades are obscured by Panther’s privacy-enhancing technology, ensuring that the details of the transactions remain confidential.

Panther Get Started video guide for deposit, withdraw, and transfer 

The second part of our Panther product series is now available! This video offers a comprehensive, step-by-step guide to help you navigate deposits, withdrawals, and transfers with your Panther test account effortlessly. Don’t miss out—watch our tutorial now!

Panther Protocol testnet and rewards update

The testnet currently has over 2500 participants, and we’ve distributed over 700,000 $ZKP as rewards. The team is planning to launch a Zealy-based incentivized ambassador program in the coming weeks to improve community participation further.  

Our testnet rewards pot is 2 million $ZKP — have you signed up for our test dApp yet to earn your share? Grab the latest link from Panther’s docs to join our testing group and receive your $ZKP rewards.

Successful First Audit of Zero Knowledge Circuits and Circom

We partnered with Veridise, a leader in blockchain security that specializes in Zero-Knowledge Circuits, Smart Contracts, and Blockchains, to audit our Zero-Knowledge Circuits and Circom. We have successfully complete our initial audit. Our team worked closely with Veridise's technical staff, promptly implementing necessary updates. Conducting this audit at an early stage proved to be very helpful, giving us a chance to continue to refine our systems and conduct thorough testing ahead of our mainnet beta release.

Coming Soon: Stage 5 developments

Stage 5 includes using a third party Relayer service and supports gasless transactions via an Account Abstraction Paymaster contract. The development for Stage 5 is complete and will be announced separately.

Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. The team has made significant progress on Stage 6 development and is looking forward to releasing it for community testing by mid-April. 

Stage 7 developments

Stage 7 of the testnet will allow testers to swap zAssets on top 3 Swap protocols on Polygon, including Uniswap V3 while keeping and tracking your operation history in the dApp. The team plans to work on the Stage 7 development in April.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge (ZK) technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. The Panther Protocol offers confidentiality across transactions in shielded pools, zSwap for DeFi integrations — enabling private swaps on third-party DEXs, and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s ZK primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.


a16z Podcast

Politics & the Future of Tech with Marc Andreessen and Ben Horowitz

“If America is going to be America in the next one hundred years, we have to get this right.” - Ben Horowitz This week on “The Ben & Marc Show”, a16z co-founders Ben Horowitz and Marc Andreessen take on one of the most hot button issues facing technology today: tech regulation and policy. In this one-on-one conversation, Ben and Marc delve into why the political interests of “Big Tech” confl

“If America is going to be America in the next one hundred years, we have to get this right.” - Ben Horowitz

This week on “The Ben & Marc Show”, a16z co-founders Ben Horowitz and Marc Andreessen take on one of the most hot button issues facing technology today: tech regulation and policy.

In this one-on-one conversation, Ben and Marc delve into why the political interests of “Big Tech” conflict with a positive technological future, the necessity of decentralized AI, and how the future of American innovation is at its most critical point. They also answer YOUR questions from X (formerly Twitter). That and much more. Enjoy!

 

Resources:

Watch full episode: https://youtu.be/dX7d6bRJI9k

Marc on X: https://twitter.com/pmarca

Marc’s Substack: https://pmarca.substack.com

Ben on X: https://twitter.com/bhorowitz

Ben’s Article: “Politics and the Future” bit.ly/3PGKrgw

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

ROLLUP: Special Guest! | Airdrop Week | Base Szn | The DeFi Wars

Bankless Friday Weekly Rollup First Week of April, 2024  Major thanks to Anthony Sassano for filling in for Ryan as he takes some time off to update his firmware. https://x.com/sassal0x  ------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  ht

Bankless Friday Weekly Rollup First Week of April, 2024 

Major thanks to Anthony Sassano for filling in for Ryan as he takes some time off to update his firmware. https://x.com/sassal0x  ------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Start

00:02:24 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://pro.kraken.com/app/trade/eth-btc  https://www.coingecko.com/en/global-charts 

00:09:47 L2 Check-in https://l2beat.com/scaling/summary 

00:17:19 ENA Airdrop https://twitter.com/ethena_labs/status/1775060005953421401?s=20  https://www.coingecko.com/en/coins/ethena 

00:23:42 Wormhole Airdrop https://wormhole.com/w-launch-roadmap/  https://www.coingecko.com/en/coins/wormhole 

00:28:14 Blobs Update https://warpcast.com/0xrob/0x0357eacb  https://warpcast.com/sassal.eth/0xae93359e  https://dune.com/hildobby/blobs  https://twitter.com/rob_0x/status/1775130717774626839  https://x.com/TrustlessState/status/1775494227222315274?s=20 

00:37:48 Base Ecosystem https://warpcast.com/jessepollak/0x078c9b74  https://x.com/ptrwtts/status/1774963873936011638?s=20  https://x.com/Uniswap/status/1774465349716435298?s=20 

00:43:10 Degen Chain https://x.com/syndicateio/status/1773351144858750990?s=20 

00:52:48 The Issuance Debate https://twitter.com/mikeneuder/status/1774072228839117307?t=C4VaAFdu-LRU1yDM31GCFQ&s=19  https://twitter.com/jon_charb/status/1774182126608380041 

01:05:02 LST vs LRT Dynamics https://x.com/hildobby_/status/1775123732534603919?s=20 

01:13:10 AAVE vs Maker https://x.com/lemiscate/status/1775116242019299404?s=20  https://governance.aave.com/t/arfc-risk-parameters-for-dai-update/17211/9  https://twitter.com/hasufl/status/1775157933501796465?s=20 

01:17:48 Meme of The Week https://x.com/TrustlessState/status/1774791420504674325?s=20 

01:22:34 Check Out The Daily GWEI! https://www.youtube.com/@TheDailyGwei  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Thursday, 04. April 2024

bankless

The Summer of Protocols Episode

Welcome Bankless Nation, to the Summer of Protocols!| Summer of Protocols is an ongoing research and evangelism effort that aims to catalyze broad interest in the study of protocols as a first-class concept for thinking about the world. To explain a little more about what Summer of Protocols is all about, we brought Tim Beiko of the Ethereum Foundation and Venkat Rao of the Ribbonfarm blog on

Welcome Bankless Nation, to the Summer of Protocols!|

Summer of Protocols is an ongoing research and evangelism effort that aims to catalyze broad interest in the study of protocols as a first-class concept for thinking about the world.

To explain a little more about what Summer of Protocols is all about, we brought Tim Beiko of the Ethereum Foundation and Venkat Rao of the Ribbonfarm blog on the podcast. Additionally, this episode contains three short interviews with three of the 35 total Summer of Protocols researchers. 

You’re going to experience something a little different here on the show today. Some more storytelling, a different kind of frontier exploration, but all around the idea of protocols. 

------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast 

------ TIMESTAMPS & RESOURCES

0:00 Summer of Protocols Explained 12:05 Sarah Friend https://summerofprotocols.com/research/good-death  https://twitter.com/isthisanart   37:16 Timber Schroff https://summerofprotocols.com/research/module-three/safe-new-world   https://twitter.com/tmbr_ss   1:01:52 Nahee Kim https://summerofprotocols.com/research/re-move   https://twitter.com/AppNahee   1:18:44 Summer of Protocols Future https://forum.summerofprotocols.com/t/blockchain-protocol-problems-braindump/223  https://summerofprotocols.com/research/sop2024   1:28:59 Closing 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Wednesday, 03. April 2024

Brave Browser

With Brave Leo on iOS today, the browser AI assistant is now available on all platforms

Brave is excited to announce the release of Leo on iOS, completing the roll-out of our new privacy-preserving AI assistant.

Recently, Brave announced the first step of our goal to bring Leo—our privacy-preserving AI assistant in the browser—to Brave mobile with our Android release

Today, Brave is happy to announce the completion of this goal, with the release of Leo for iOS. iPhone and iPad users who update to version 1.63 can ask Leo questions, summarize pages and PDFs, translate pages, create content, and more from the browser address bar.

Leo enables natural conversations on a wide range of topics. With AI built right in the browser and several large language models (LLMs) to choose from, Leo makes it easy to interact with AI in a seamless, familiar way.

For the second half of our mobile launch, we’ve added in a special feature available only on iOS. With voice-to-text capability, iOS users can speak their input and have it converted to text without needing to type. This streamlines the interaction and makes conveying information to the AI assistant even easier. Couple this with document integrations and new models like Mixtral, and Leo for iOS becomes a powerful, mobile AI assistant you can take with you wherever you go.

What can Leo do?

Leo can handle any number of tasks, both in the context of the webpages you’re viewing and completely separate from this context. Among other things, Leo can:

Create real-time summaries of webpages and PDFs Answer questions about content Get instant answers for queries Generate new long-form written content such as reports, articles, or social media Translate pages, analyze, or rewrite them Write and suggest software code for multiple languages 

In addition to these great core use cases, we integrated Leo in the Brave browser app especially with mobile users in mind, including:

Voice-to-text: Use your iOS device’s voice-to-text functionality to speak prompts directly to Leo, converting your spoken words into written text without typing. Docs and PDF summaries: Leo can summarize different types of content files—including PDFs—making it much easier to consume dense content on a small screen. Google Docs integration: You can use Leo to power your mobile productivity with the Google Docs and Google Sheets integration. Brainstorm and assist on writing, create quick summaries, translate, and more.

With Leo on iOS, you can maximize productivity as you move between home, office, and anywhere else you go. All with the same privacy and security guarantees of the Brave browser. With Brave Leo, there’s no login or signup required—you just open your browser and chat.

Mixtral as the default LLM brings higher quality answers

Brave Leo gives access to several high-quality large-language models (LLMs), ensuring better, more relevant answers to even niche questions, and fewer of the hallucinations that plague other AI experiences.

Out of the box, Leo includes access to Mixtral 8x7B, Claude Instant, and Llama 2 13B. Mixtral—the default LLM—can interact in multiple languages including English, French, German, Italian, and Spanish. 

Mixtral 8x7B has quickly gained popularity and usage among the developer community since its December, 2023 release. Mixtral 8x7B currently outperforms ChatGPT 3.5, Claude Instant, Llama 2, and many others, according to the LMSYS Chatbot Arena Leaderboard. Mixtral also shows improvements in reducing hallucinations and biases, according to the BBQ benchmark.

For all these reasons, we recently set Mixtral 8x7B as the default LLM for Leo on desktop, and we’ve seen great feedback. And while Mixtral is the default LLM for iOS as well, users have the option to select from other LLMs, or to upgrade to Leo Premium for higher rate limits.

Leo Premium 

The Brave Leo experience is free to all users. For those who’d like access to higher rate limits, however, Leo is also available as a Premium experience. Users can subscribe to Leo Premium for $14.99/month, and one subscription covers up to 5 different devices across iOS, Android, Linux, macOS, and Windows.

Feature Leo core Leo Premium Models Mixtral 8x7B (strict rate limits)
Claude Instant (strict rate limits)
Llama 2 13B (higher rate limits) Mixtral 8x7B
Claude Instant
Llama 2 13B Rate limits Various rate limits Higher rate limits Quality of conversations Very high, dependent on model Very high Privacy Inputs are always submitted anonymously through a reverse-proxy and are not retained or used for training Subscription Free $14.99 monthly Smart AI, still private by default

As with all of Brave’s other features, privacy remains paramount for Brave Leo. Chats with Leo are private and secure. Leo doesn’t record chats, or use them for model training, and no account or login is required to use Leo. These specific privacy protections in Leo include:

Reverse proxy: All requests are proxied through an anonymization server so the request and user cannot be linked. Brave cannot associate the user request with their IP address. Responses discarded: Conversations are not persisted on Brave’s servers. Responses from Leo are discarded after they’re generated, and not used for model training. We do not collect identifiers that can be linked to you (such as IP address), and no personal data is retained by Brave-hosted AI models. If you select a model from Anthropic and submit Leo queries, that data will be processed by Anthropic for a period of 30 days, then deleted. See more in our Privacy Policy. No login or account required for access for the free version: Users do not need to create a Brave account to use Leo. Unlinkable subscription: If you sign up for Leo Premium, you’re issued unlinkable tokens that validate your subscription when using Leo. This means that Brave can never connect your purchase details with your usage of the product, an extra step that ensures your activity is private to you and only you. The email you use to create your account is unlinkable to your day-to-day use of Leo, making this a uniquely private credentialing experience. What’s next for Leo, and how to get started

Brave Leo for iOS is now available to all Brave iOS users who’ve updated to version 1.63. Note that it will be rolled out in phases over the next few days, so users should check back soon if they’re not seeing it today.

Ready to try Brave Leo? It’s easy: Simply open the browser, begin typing in the address bar, and click “Ask Leo”. For the on page chat experience, iOS users can tap “…” and then tap Leo to get started.

Leo is an opt-in feature and can be disabled at any time. Users can easily disable auto suggestions by going to Settings, tapping Leo and disabling Show autocomplete suggestions in the address bar.

To learn more about Brave Leo, check out our main product page, or see Leo’s product roadmap.

Tuesday, 02. April 2024

bankless

BUIDL: Blackrock's $10T Bet on Ethereum | Carlos Domingo

Earlier this month the largest asset manager in the world released its first tokenized fund on Ethereum called the BlackRock BUIDL fund.  We knew this was big… but after recording this episode we’re realizing this is an even bigger deal than we initially thought. Tokenized treasuries on chain Tokenized securities on chain. The largest institutions in the world are here and they’re token

Earlier this month the largest asset manager in the world released its first tokenized fund on Ethereum called the BlackRock BUIDL fund. 

We knew this was big… but after recording this episode we’re realizing this is an even bigger deal than we initially thought. Tokenized treasuries on chain Tokenized securities on chain.

The largest institutions in the world are here and they’re tokenizing their assets.

------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH http://casa.io/bankless 

------ TIMESTAMPS 00:00:00 Intro 00:06:46 What Just Happened Last Week? 00:09:09 What Composes This Fund? 00:15:01 Onchain Dividends 00:20:02 Is BUIDL a Security? 00:22:56 Is It Permissionless? 00:26:02 Redeem Function 00:30:47 What Assets Come Next? 00:39:55 Securitize's Role In This 00:42:39 Size of Inflows 00:47:09 Total Market Size 00:50:46 Yield Accounts 00:53:01 Onboarding New Users 00:55:41 When Central Bank Involvement? 00:59:49 Where Do We Go From Here? 01:02:14 Legitimizing Our Case 01:05:04 Next Blackrock Product

------

Carlos Domingo https://twitter.com/carlosdomingo Check out the fund contract on Etherscan: https://etherscan.io/token/0x7712c34205737192402172409a8F7ccef8aA2AEc 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Zcash

ECC Transparency Report for Q3 2023

Why release a transparency report? ECC is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to […] Source
Why release a transparency report? ECC is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to […]

Source

Monday, 01. April 2024

bankless

When Ethereum ETF? | Matt Hougan & Ryan Rasmussen of Bitwise

The Bitcoin ETF was a huge win for Crypto. What’s next? Will an Ethereum ETF be approved? We brought Matt Hougan & Ryan Rasmussen of Bitwise to explore exactly that.  We go through what made the BTC ETF so successful, what we need to replicate the process for Ethereum and what comes after the ETH ETF. ------ 📣 PERMISSIONLESS III | BUY TICKETS NOW  Bankless Citizens get

The Bitcoin ETF was a huge win for Crypto. What’s next? Will an Ethereum ETF be approved?

We brought Matt Hougan & Ryan Rasmussen of Bitwise to explore exactly that. 

We go through what made the BTC ETF so successful, what we need to replicate the process for Ethereum and what comes after the ETH ETF.

------ 📣 PERMISSIONLESS III | BUY TICKETS NOW  Bankless Citizens get 30% off: https://www.bankless.com/tools/perks 

Use BANKLESS10 for 10% off: https://bankless.cc/PermissionlessIII 

------ 🎧 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

0:00 Intro 6:50 Bitcoin ETFs So Far 10:40 BTC ETF 2nd Acceleration 22:56 Crypto Default Allocation 26:31 Who’s Buying the BTC ETF? 28:59 Bitcoin vs Gold 36:46 When ETH ETF? 46:39 Forces at Play 53:25 ETH ETF Derivatives 58:38 ETH ETF Price Impact 1:02:10 ETH Narratives 1:08:31 What’s Next 1:12:02 Closing Thoughts

------ RESOURCES

Matt Hougan https://twitter.com/Matt_Hougan 

Ryan Rasmussen https://twitter.com/RasterlyRock  

Bitwise https://bitwiseinvestments.com/  

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Saturday, 30. March 2024

Epicenter Podcast

Wintermute: 'Avoid These Trading Mistakes!' Secrets of a Market Maker - Yoann Turpin

Market makers help create more efficient markets and liquid order books, by positioning themselves on the receiving end of a trade that other market participants are unwilling to fill. Quantitative analysis is crucial in determining their position and size. Wintermute defines itself as a tech-first company that also became one of the largest spot market making firms in Web3. From angel investing i

Market makers help create more efficient markets and liquid order books, by positioning themselves on the receiving end of a trade that other market participants are unwilling to fill. Quantitative analysis is crucial in determining their position and size. Wintermute defines itself as a tech-first company that also became one of the largest spot market making firms in Web3. From angel investing in Web2, to market making in Web3, Yoann Turpin (co-founder of Wintermute) has a vast experience in both tech products & financial markets. He shares what differentiates good traders and how he approaches investing, trading and market making.

Topics covered in this episode:

Yoann’s background and his interest in trading The ever-changing trading landscape Wintermute’s genesis Trading vs. Investing vs. Market Making What defines a good trader On-chain trading vs. CEX trading How Wintermute succeeded Wintermute culture rsync blockbuilder Longterm predictions AI impact Misc. Learning new languages

Episode links:

Yoann Turpin on Twitter Wintermute on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.

Friday, 29. March 2024

a16z Podcast

The Real Price of Healthcare with Mark Cuban

From judging inventions on “Shark Tank” to reshaping the image of NBA ownership, Mark Cuban is known for many things. In this chat with a16z General Partner David Ulevitch, he discusses the importance of entrepreneurship for maintaining America’s status as the most innovative place on the planet. This includes making big bets, like he’s doing with Cost Plus Drugs, his latest venture that seeks to

From judging inventions on “Shark Tank” to reshaping the image of NBA ownership, Mark Cuban is known for many things. In this chat with a16z General Partner David Ulevitch, he discusses the importance of entrepreneurship for maintaining America’s status as the most innovative place on the planet. This includes making big bets, like he’s doing with Cost Plus Drugs, his latest venture that seeks to upend the prescription drug markets.

 

Resources: 

Find Mark on Twitter: https://twitter.com/mcuban

Find David Ulevitch on Twitter: https://twitter.com/davidu

Learn more about the American Dynamism Summit: www.a16z.com/ad-summit

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Panther Protocol

Anish Mohammed discusses Panther Protocol on Epicenter

Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, recently joined Meher Roy on the Epicenter Podcast. They discussed Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will preserve the privacy of its users, what’s coming in its Mainnet launch, and its

Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, recently joined Meher Roy on the Epicenter Podcast. They discussed Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will preserve the privacy of its users, what’s coming in its Mainnet launch, and its mission to enable privacy and compliance in the DeFi space. 

Who is Anish Mohammed?

Anish Mohammed’s foray into the tech world began at Ericsson, where he developed payment systems and became familiar with cryptography. His two decade-long career in security and cryptography has seen him design and audit several blockchain protocols and advise leading Web3 projects. His previous roles include being the lead security architect at HSBC and Lloyds Banking Group, and he’s held strategic positions at Accenture and Capgemini. Four years ago, Anish and Oliver Gale embarked on a journey to found Panther Protocol, a Zero-Knowledge, cross-protocol layer to safeguard user data and facilitate compliant DeFi access.

The need to preserve privacy and enable compliance

Panther Protocol addresses a critical gap in current blockchain technologies, where public ledgers like Bitcoin and Ethereum expose all transactions and smart contract interactions. This lack of privacy can disadvantage high-performing investors and significantly impact high-volume traders and corporations, who may want to protect the insights and advantages (or alpha) gleaned from their trading strategies. Unlike many 'dark’ pools and privacy chains, which lack transparency and complicate regulatory compliance, Panther provides DeFi users with access to its privacy-preserving protocol but also enables their transaction history to be disclosed to anyone of their choosing, in part or as a whole, at will, enabling compliance. For example, a user might disclose certain information to a tax authority or a regulator, as required in their jurisdiction. Panther uses Zero-Knowledge proof-enabled KYC checks to ensure malicious actors do not use the protocol.

Preserving privacy amid disclosure

While Panther Protocol allows users to disclose transactions as needed, Panther takes steps to ensure there is always sufficient overall volume to mask non-disclosed transactions effectively.

One key component of how this gets done is via network participants who are rewarded for staking their assets to generate additional transactions and increase liquidity pools. In the process, the privacy of non-disclosed transactions is preserved. 

The importance of Shielded Pools for DeFi's future

Shielded Pools are at the heart of Panther Protocol, offering a privacy-centric solution for DeFi transactions. These pools, supported by advanced cryptographic methods like zk-SNARKs, allow users to transact while retaining the option to disclose information for compliance. The Shielded Pool is pivotal for the Protocol, enabling users to interact with DeFi applications privately and securely.

For a deeper dive into Shielded Pools, including the intricacies of Zones and Zone Managers, visit Panther’s blog on Shielded Pools.

What’s coming in Panther’s Mainnet beta launch?

Anish presented some of the features that Protocol participants can expect to see in the upcoming  Mainnet beta product: 

zAccount registration. A zAccount is your private identity and entry point to Panther, aligning with KYC protocols and using Zero-Knowledge proofs. Privacy-staking reward mechanism: Panther incentivizes network participants to enhance the pool’s transaction set and liquidity by staking assets. Transactions and communication between Zones: exchange of assets and information across different Zones in Panther. Withdrawals: The action of converting and transferring zAssets back to standard tokens. Basic disclosures: The user can reveal details about transactions conducted within Panther, allowing for compliance and verification. Advanced disclosures: Offers users the capability to selectively disclose specific aspects of their transactions, providing flexibility in privacy and compliance. zAccount renewals: Regular verification and update of a user’s KYC information to ensure ongoing compliance and integrity of their zAccount. DeFi Swap adapter: A tool that integrates Panther with external DeFi platforms, facilitating private and compliant swaps and other transactions. zTrade: Zero-Knowledge trades with others in the same Zone. Conclusion

As DeFi continues to evolve, the need for on-chain privacy solutions that accommodate regulatory compliance becomes increasingly critical. Panther Protocol, under the guidance of Co-Founder Anish Mohammed, is at the forefront of addressing this challenge. By pioneering Shielded Pools and facilitating the role of Zone Managers, Panther is setting a new standard for privacy preservation and compliance in DeFi. Panther Protocol’s innovative approach protects users’ data and paves the way for institutional participation in the DeFi ecosystem. As Panther progresses toward its next development phases, the call for testers lets you, the community contribute to a more private and compliant DeFi future. 

Join Panther’s journey in shaping a balanced world where privacy meets compliance, empowering users and institutions to navigate the DeFi landscape securely and transparently.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord


bankless

ROLLUP: SBF 25 Years | Coinbase vs. SEC | Blobs Demand | Blast Controversy

Bankless Friday Weekly Rollup Last Week of March, 2024  ------ 🖼️ NFTFi Borrow ETH or USDC with an NFT at https://bankless.cc/NFTFi_pod  Check their rewards program at: https://bankless.cc/NFTfi_rewards_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRY

Bankless Friday Weekly Rollup Last Week of March, 2024 

------

🖼️ NFTFi Borrow ETH or USDC with an NFT at https://bankless.cc/NFTFi_pod 

Check their rewards program at: https://bankless.cc/NFTfi_rewards_pod 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:45 BTC ETF  https://dune.com/hildobby/btc-etfs  https://x.com/WatcherGuru/status/1773069643923570968   https://twitter.com/ki_young_ju/status/1772916778621919490 

7:28 ETH ETF Update https://twitter.com/WatcherGuru/status/1772999593577390172  https://x.com/CraigSalm/status/1772360837094691302  https://x.com/EricBalchunas/status/1772372601098162624  https://dune.com/21co/tokenization-government-securities 

13:00 L2 Update https://x.com/RyanSAdams/status/1772721673541747099 

14:30 BASE TVL: https://l2beat.com/scaling/projects/base  https://x.com/Uniswap/status/1773375430285799546  https://x.com/MSilb7/status/1770621672237720001  https://www.growthepie.xyz/chains/base  https://x.com/0x_Osprey/status/1773044075802849391  https://imgur.com/8GiwM4e  https://x.com/base/status/1772767382362055097  https://twitter.com/jessepollak/status/1773085753850925073  https://x.com/jessepollak/status/1773099759235993725  https://twitter.com/maxbranzburg/status/1772716138499039612  https://twitter.com/hildobby_/status/1772775087562764791  https://x.com/TrustlessState/status/1772736730623332673 

23:45 Markets https://twitter.com/TimmerFidelity/status/1772645291088388128  https://twitter.com/BrantlyMillegan/status/1772314510088409382 

29:50 Blob demand skyrocketing - is it too much for Ethereum to handle? https://twitter.com/nero_eth/status/1771198600405463531  https://x.com/hildobby_/status/1773036022726627795  https://imgur.com/M8N9Plt  https://x.com/ercwl/status/1773152515875340704  https://x.com/Data_Always/status/1773056653664940219  https://x.com/terencechain/status/1773123126202601942  https://x.com/peter_szilagyi/status/1773158997446557930  https://x.com/TrustlessState/status/1773160352479392107 

38:23 Blast Controversy - Rollback the chain? https://twitter.com/PopPunkOnChain/status/1772746208047518025  https://twitter.com/zachxbt/status/1772843238539325947  https://twitter.com/0xquit/status/1772751865467596823  https://x.com/ercwl/status/1772781474867011752  https://x.com/_munchables_/status/1772846122236862789  https://x.com/PacmanBlur/status/1772871466935013701  https://twitter.com/nearisbuilding/status/1772866110733287466  https://twitter.com/jchervinsky/status/1772970536441713001 

46:10 SBF Sentenced to 25 years https://x.com/innercitypress/status/1773376299626574125  https://blockworks.co/news/sam-bankman-fried-sentenced https://x.com/innercitypress/status/1773347397181092141  https://x.com/innercitypress/status/1773349731638394936  https://x.com/TrustlessState/status/1773358297308868973  https://x.com/crypto_bobby/status/1773358858678816783  https://x.com/Dogetoshi/status/1773370058892271763 

53:57 Ethena is launching its token!  https://twitter.com/ethena_labs/status/1773077170132320626  https://www.bankless.com/airdrop-hunter  

55:23 Google integrated ENS into search!  https://warpcast.com/sassal.eth/0x36e35d26  https://twitter.com/RyanSAdams/status/1773076211947765921 

56:57 Did Coinbase lose to the SEC? https://x.com/RyanSAdams/status/1772984052653478333  https://x.com/iampaulgrewal/status/1772993916146479193  https://x.com/iampaulgrewal/status/1772993916146479193  https://twitter.com/jchervinsky/status/1772999508462309511 

58:49 CFTC vs KuCoin  https://www.coindesk.com/business/2024/03/26/crypto-exchange-kucoin-violated-anti-money-laundering-laws-us-charges/  https://twitter.com/jchervinsky/status/1772666739995595007 

59:50 Kraken Financial, a state-chartered bank, is live!  https://twitter.com/davidlripley/status/1770952985411301724 

1:00:37 Raises and BVC Investments  https://x.com/build_on_bob/status/1773020961597452634  https://twitter.com/SuccinctLabs/status/1770843544388771914 

1:02:41 MEME of the Week https://twitter.com/liamihorne/status/1772363988757561474 

1:03:23 Closing & Disclaimers

1:03:33 Moment of Zen https://x.com/outttoforderrr/status/1773020500060512767  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

Thursday, 28. March 2024

Zcash

Meet Zashi, ECC’s new mobile wallet for Zcash

Available now for iOS; Android launch slated for late April Source
Available now for iOS; Android launch slated for late April

Source