Author: YBB Capital Researcher Ac-Core

Foreword:

EVM+ is an advanced model specifically designed to drive the further development of the Ethereum Virtual Machine to better adapt to the rapidly changing encryption landscape. In this model, as Web2 innovation and productivity are gradually integrated into Web3, real-world technologies such as artificial intelligence, DePIN, and Decentralized Finance security are also rapidly being integrated into encryption applications. EVM+ provides a new solution that facilitates the development of large-scale applications and accelerates the convergence of Crypto Assets with mainstream applications by seamlessly integrating EVM assets, protocol, and infrastructure. It enhances the scalability of the Blockchain by implementing EVM+WASM on-chain native scaling, and further optimizes the processing power of the Blockchain by supporting parallel EVM execution.

According to Techandtips123, parallel EVM is like the division of labor when organizing a party. Let's say you need to prepare for the move and let everyone do their jobs: A transports bulky luggage, B transports valuables, C moves items, and D takes care of the new site layout. This division of labor allows the entire work to be done by four people, which greatly saves time and increases efficiency.

The concept of parallel EVM is similar in that it does so by assigning computational tasks to longest execution units. In a Ethereum network, long participants process different transactions at the same time, each of which acts as a separate task, such as transferring money or generating new Token. Each participant handles a task independently on the EVM, just like a separate computer program running on the Blockchain. Upon completion, the results of these tasks are rolled back into the network and form a final block. When a single performer cannot process a large number of transactions independently, the speed drops and becomes more difficult to use. The introduction of parallel EVM is precisely to solve this problem, by allowing long performers to process different transactions at the same time, the network is able to process more long transactions faster, reducing congestion and associated costs.

The idea of introducing new "layers":

Source: Artela — From EVM+ to EVM++

"L2 is for extensions, and L3 is for customizing features, such as privacy," says Vitalik Buterin. In this vision, no one is trying to provide a 'scalability square'; instead, there is one layer in the stack to help the application scale, while another layer is used to meet the custom functional needs of different use cases. ”

In Vitalik's Ethereum vision, "layers" that address non-scaling needs clearly play an important role. His point highlights the need for Blockchain networks to support "custom functionality." For Ethereum, the way to meet this need may be to build a new layer, while Artela is to add "native extensions" on top of the base layer.

In the case of Blockchain, functionality refers to the ability to support a variety of applications. The Ethereum Virtual Machine (EVM), as a runtime engine that supports smart contracts, is the mainstream model for creating DApp implementations. Originally proposed by Ethereum, EVM has now been adopted by long smart contracts chains, often referred to as EVM-enabled chains or EVM equivalent chains. However, current EVMs have proven limited in terms of supporting the extended capabilities of DApps. The key challenge is how to extend the functional boundaries of the EVM chain. In practice, there are two areas of improvement:

• Replace EVM with better Virtual Machine;
• Enhance the EVM by supplementing the extension.

The first approach circumvents the limitations of EVM but requires abandoning EVM-based smart contracts. MoveVM and FuelVM are examples of this implementation. While more advanced Virtual Machines may be needed in the future, they will take a considerable amount of time to reach the same level of maturity and popularity as EVMs.

The second approach is to introduce a new stack that enhances the EVM by "scaling". The intent is to push the EVM's functional limits beyond its original specification while maintaining EVM equivalence. This approach is to enhance DApp functionality on top of existing EVM infrastructure. Exploring EVM enhancements opens the door to exciting possibilities and ongoing innovation in DApp capabilities and leads to significant emerging innovations.

Artela：

EVM+ in the Artela network

Artela's mission is to create a base layer Blockchain network to meet the rise growing demand for large-scale Decentralization applications. Artela's innovative design allows developers to create native extensions on top of the Blockchain base layer in a modular manner, improving Blockchain Programmability. This approach will help developers implement custom features in a lightweight and dynamic way, opening the door to faster innovation and longest possibilities.

Artela has an extension layer that allows the addition of native user-defined extension modules called Aspect, improving Programmability while ensuring compatibility with existing EVM smart contracts. Aspect allows developers to inject additional logic to process transactions and related blocks throughout the transaction lifecycle outside of smart contracts.

Artela has built a highly scalable EVM+ network, leveraging Aspect programming (see extension link 1) to introduce WASM Virtual Machine Virtual Machine on an EVM-compatible network that can interoperate with each other to enable the dynamic addition and execution of on-chain extensions. EVM+ enables developers to build high-performance protocols, modularize DApps, and tailor the underlying functionality long wick candle to specific scenarios.

Source: Artela Official

During the DevNet and Public Testnets, Artela worked with a community of developers to explore the potential of EVM+ networks, which led to imaginative use cases:

• Leverage WASM as an on-chain coprocessor to facilitate the execution of AI proxy algorithms and other high-performance modules directly on the Blockchain while ensuring seamless interoperability with EVM systems;
• Participate in on-chain AI agents in autonomous worlds, enabling truly Programmability on-chain NPCs that can interact with users;
• Optional on-chain security module with real-time execution, allowing Decentralized Finance protocol to instantly identify and recover suspicious transactions.

A new era is upon us that fully enables on-chain protocol, AI, and security Decentralized Finance while maintaining compatibility and interoperability with the EVM world.

From EVM+ to EVM++

Artela's vision is to build an infinitely scalable network, and EVM+ is not the end goal but a starting point. Artela's next step is EVM++, a parallel EVM+ network that unlocks the full potential of scalable Blockchain. EVM+ unleashes the scalability of EVM and is designed to adapt to the new encryption world, where Web2 productivity and innovation, as well as practical technologies such as artificial intelligence, DePIN, and fintech, are rapidly incorporating into DApps. EVM++ unlocks the scalability of the EVM, enabling this highly creative network to further facilitate the mass adoption of DApps and accelerate the integration of Crypto Assets into mainstream applications.

EVM++ Parallel Elastic EVM Network

Artela's parallel EVM++ will be implemented in two phases.

The first phase involves executing transactions in parallel under EVM+. Artela's network not only implements basic parallel EVM, but also solves the challenge of parallel execution under EVM+ Aspect, an extension that runs on a WASM Virtual Machine and can be invoked during the lifetime of a transaction.

In the second phase, Artela will leverage parallelism and combine it with elastic computing to enable elastic Block short, a dynamic mechanism that allows DApp to maximize the benefits of parallel execution.

Parallel EVM in a nutshell

Artela's horizontally scalable architecture is designed around parallel execution, ensuring the scalability of network Node computing power through elastic computing, ultimately enabling elastic block shorts.

• Parallel Execution: Transactions on Artela can be executed in parallel. The Artela network groups transactions executed in parallel based on transaction dependency conflict analysis;
• Elastic computing: Validator Nodes support horizontal scaling, and the network automatically adjusts the validator's compute Nodes based on the current network load or subscription. The scaling process is coordinated by the elastic protocol to ensure that there are sufficient elastic computing Node in the Consensus network;
• Elastic Block short: Based on elastic computing, in addition to expanding public Block short, large DApp with independent Block short requirements can also apply for dedicated elastic Block short in the network.

Flexible Block short room

An elastic Block short refers to a dynamically scalable Block short room that provides a dedicated Block short room with protocol guarantees for DApp with high transaction throughput requirements. By default, Block has limited capacity in public Block short. When DApp applies for a separate Block short room, Block will add an additional short room, which will only accommodate short DApp smart contracts-related transactions. When the Block short scales, validators need to increase the elastic execution Node to expand the corresponding processing capacity.

Elastic Block short is a scaling mechanism for Blockchain that allows for infinite scalability while maintaining interoperability. Scalable networks such as Sharding Blockchain, AppChain networks, and Layer 2 can also provide independent Block short, but isolation and Block generation are not synchronized. Elastic Block short allows DApp with independent Block short to interact synchronously with atomic transactions in the same Block, avoiding the need for asynchronous cross-chain communication.

When the DApp in the Artela network needs to be highly scalable, it can subscribe to elastic Block short to handle the increase in throughput. Elastic Block short and local scaling provide scalability and customization capabilities for DApp in Artela.

Artela enhances DApp functionality with native extensions

By leveraging Aspect programming, developers are able to create native extensions (see extension link 2) that incorporate custom functionality into the DApp on top of all blockchain base layers and combine with existing EVM smart contracts to enhance the functionality of the DApp.

Photo by Joshua Esin

1. Enhanced Scalability:

One of the strengths of Aspect programming in Artela is its unmatched scalability. Traditional smart contracts tend to be limited when modifying or extending functionality. Artela's Aspect programming overcomes this hurdle by providing a modular and scalable framework. Developers can seamlessly extend the functionality of existing contracts without modifying their core logic. This scalability paves the way for more agile and scalable dApp development.

2. Improved Safety:

In the ever-evolving world of Blockchain security, Artela's Aspect Programming introduces a paradigm shift. Unlike traditional white-box security measures, Aspect programming provides a complementary black-box security solution. Real-time monitoring, proactive risk mitigation, and runtime behavior analysis help establish a robust security framework that prevents vulnerabilities and ensures protocol continuity.

3. On-chain intent solver:

Artela's Aspect Programming introduces the revolutionary concept of on-chain intent solvers. Traditionally, users have needed to specify detailed function calls to execute transactions, but with on-chain intent solvers, users can express the desired outcome in human-readable language, resulting in a more intuitive and customizable experience. For example, a user can specify their intent as "Exchange X ETH for Y USDC", eliminating the need to call complex functions.

4. Just-in-time (JIT) operation:

JIT operations are a powerful concept that can be used in a wide variety of scenarios, and is given flexibility through Artela's Aspect Programming. Executing on-chain logic within the block lifecycle and combining it with smart contracts in atomic transactions opens up possibilities for JIT liquidation, JIT LP management, and MEV capture AMM strategies.

5. Local Event-Driven Action:

Native event-driven operations in Artela enable users to subscribe to real-time on-chain events that trigger atomic tasks. This feature helps maintain on-chain and off-chain state consistency, enables asynchronous cross-chain message notifications, and enhances Blockchain automation.

6. Full-Chain Gaming:

Artela's Aspect Programming extends its reach into the gaming space, giving developers the tools to enhance the programmability of in-game assets. With Artela, gaming device NFTs can be upgraded through Programmability, ushering in a new era of longest user experiences in the gaming ecosystem.

7.OnChain MicroServices：

Artela is able to create public on-chain services on Blockchain networks, facilitating collective maintenance and governance by different users and organizations. This model promotes resource sharing, collaborative innovation, reduces barriers to development, and contributes to the development of the DeFi ecosystem.

Decentralization network's built-in "functional layer": enhancing Blockchain capabilities.

Artela's programming model introduces a built-in "functional layer" for Blockchain networks, eliminating the need for third-party networks or complex off-chain systems. This functional layer extends the native capabilities of the base layer to include security, custodian functionality, automation, and off-chain synchronization. The integration of this functional layer marks a leap forward in protocol development and user experience for decentralization networks.

Conclusion:

The underlying technology of Web3 is the public Blockchain, which was first introduced to the world by Satoshi Nakamoto's Bitcoin network, and later greatly expanded by smart contracts platforms such as Ethereum. Some people believe that Blockchain is a Decentralized Ledger Network, that is, Distributed Ledger Technology. In fact, it's much more than a data layer.

Blockchain is more like a computer than a ledger or database, and the challenge today is how to design a better computer. Artela Blockchain is built on top of the Cosmos SDK with long improvements at the engine level, followed by EVM compatibility and the introduction of Aspect Programming for on-chain extensions. In addition to the EVM, Artela has added a second WASM-based Virtual Machine to support long programming languages (assembly scripting, rust, C, C++) and access to more long on-chain resources, so the EVM is suitable for general purpose smart contracts and the Aspect VM is suitable for application-specific extensions.

Extended Links:

(1) (Aspect Official Explanation)

(2) (Programming Local Extensions with Aspect)

Author: Biteye

Fighting for Airdrops through Gitcoin Donations is like opening a mystery box, in order to help everyone better judge, Biteye analyzed the Airdrop rules of Optimism, Dmail, Namada, NIM Network, and Celestia.

They both Airdrop Addresses that have participated in Gitcoin donations, and the rules are slightly different, see the comparison below.

Rule 1: Gitcoin donors can directly receive Airdrops, with no limit on rounds and amounts

Optimism is an Ethereum Layer 2, and the first Airdrop distributed 5% of the OP supply to 248,699 Addresses, including Gitcoin donors.

The main requirement is that on-chain donations have been made through Gitcoin on L1 before the snapshot, regardless of the round and amount, each Address can get 555.92 OP, which is about $800 based on the Opening Price, which is very substantial.

Rule 2: Gitcoin donors can get Tokens directly, limiting rounds and amounts

Dmail provides an encryption email service and airdropped 7.5 million DMAIL in Q1 (3.75% of the total supply).

In the past two rounds of Gitcoin donations, all Address Airdrop donated to Dmail totaled 37,500 DMAIL, which will be converted into dollars based on the Exchange Rate at the time ($2,268.26/ETH) if it is donated ETH.

Rule 3: Gitcoin donors can get the Token directly, limit the rounds, and sort the amount

Namada, an L1 for attestation of assets across chains, airdropped 65 million NAM (6.5% total supply) on RPGF Drop, 26% of which went to donors to ZK Tech and Advocacy project Gitcoin.

Donations to specific projects in specific rounds are ranked by the total amount of donations in each round, with the lowest ranking range of 71 NAM.

Rule 4: Gitcoin donors can get Token directly, limiting the type of donation

NIM Network, an AI gaming Blockchain based on Dymension, Airdropped 90 million NYM (9% of the total supply).

The project team will Airdrop 7,599 Wallets that have donated specific open games, infrastructure, and Open Source software projects on Gitcoin, and the specific proportion is unknown.

Rule 5: Use Gitcoin donations as a scoring weight

Celestia is the first modular blockchain network, creating a Airdrop of 60 million TIAs (6% of the total supply), of which 1/3 goes to early Ethereum Rollups.

When measuring the level of user on-chain activity, some on-chain behaviors are officially weighted to generate a score (out of 23) linked to the number of Airdrop Token for each Address, and Gitcoin donors can get 3 points.

Summary

Gitcoin donation is a good on-chain interaction behavior, and there is even a probability of getting high-quality project Airdrops to be small and big.

It is worth noting that the entire hair industry is getting more and more rolled, and so is Gitcoin donations, Airdrop the income is not as good as before, in the past, maybe only donations can be, but now it depends on the amount, donation project, donation round, etc., and it is long "one of the weights" as a project Airdrop.

Many people think that chain abstraction is a concept concocted by VCs, but it is not. I was deeply inspired by SevenX's article describing the future of chain abstraction. The complex environment of the current market, including high-performance layer1, parallel EVM, Layer2 RaaS, layer3 application chain, cross-chain, etc., has made modularization and chain abstraction two derivative twin narratives. In my opinion, "modularization" must have "chain abstraction" to a certain extent. Next, let me explain my views:

1. The competition in the layer 1 public chain is now fierce. In the last round, everyone tended to EVM, so many EVM-compatible layer 1s appeared. In this round, the inherent deficiencies of EVM were criticized, and some high-performance layer 1 chains focusing on parallel transactions appeared, such as Solana, Sui, Aptos, etc. There are also some parallel EVM chains with completely reconstructed underlying architecture, such as Monad, Artela, etc.

2. The layer2 narrative is no longer dominated by pure EVM. The BTC layer2 ecosystem has emerged, including EVM-compatible layer2s such as BSquare, and UTXO isomorphic binding layer2s such as CKB. In addition, there are highly modular combination layer2 ecosystems, such as Celestia, a modular DA layer design, and Eclipse, which uses Solana VM as the execution layer.

The more these chains there are, the more inward-looking the competition becomes, and the more prominent the cross-chain interoperability issues between chains become, at least involving multiple heterogeneities such as underlying languages, account models, and contract standards.

For example, the differences between Move, Rust, and Solidity languages make the learning cost of developers very high; the differences between different accounts and state models make it difficult for Ethereum's EOA account to be compatible with Bitcoin's UTXO model; the differences in smart contract standards between different chains, ERC20, ERC721 and other standards are difficult to handle in the Object-centric chain of the Move public chain; Relay repeaters face huge challenges in atomic communication interactions between different chains, and RPC is required to monitor the contract status on each chain in real time and coordinate execution in sequence. In addition, there are different consensus verification mechanisms (POW VS POS), different governance coordination mechanisms, different scalability capabilities, different credibility security bases, and so on.

The complex factors behind these chain-based approaches directly lead to many poor user experience issues:

1. Users’ account addresses are not unified in EVM and non-EVM full-chain environments;

2. Users have inconsistent signature specifications in controlling EOA addresses, smart contract addresses, and MPC management, and need to perform signature aggregation;

3. Users require different gas fee standards in different chain environments, and there are challenges in gas conversion and friction;

4. Different chains have different liquidity depths, and users do not have a unified liquidity management environment;

Faced with the complex compatibility problems between various chains, the goal of chain abstraction is to hide these technical complexities behind the scenes, and show users a simple front-end UX interface. Everyone knows that @ParticleNtwrk launched BTC Connect in order to allow users to directly connect to the EVM environment through Unisat. In fact, this is only a small part of the chain abstraction project. In addition, what other behind-the-scenes technical integration operations of chain abstraction has Particle done?

1. Building a modular L1 public chain underlying architecture based on Cosmos SDK, so that Particle can connect to EVM environment, BTC UTXO environment, Solana high-concurrency environment, etc. Cosmos' IBC and relayers provide the framework premise for its maximum connection to complex multi-layer1 environments;

2. A Keystore contract was built to realize full-chain account abstraction. The contract manages the user's account and status information on various heterogeneous chains, including cross-chain message transmission such as addresses, public keys, signatures, etc.;

3. Use the decentralized Bundler service, i.e. the intent solver processing center, to receive users’ complex operation instructions and convert them into executable transactions on the chain, such as Paymaster’s gas payment and Social Recovery to optimize the transaction experience, all of which are achieved through UserOps built on the intent layer;

4. Cross-chain communication and relayers are responsible for monitoring transactions and status updates on each chain and responding and processing them in order, providing a foundation for smooth interaction and unified liquidity experience across the entire chain;

5. In response to the problem of inconsistent Gas Tokens, Particle will also issue the ecological token $PARTI in the future to unify Gas consumption on different chains and realize Gas abstraction. The key is that in addition to cross-chain asset settlement, Gas Token will also provide a dual-staking security model mechanism to ensure the trustworthy security of interactions on each chain.

Recently, MerlinChain TGE, which integrates Particle account abstraction and BTC Connect services, was launched. I noticed that there were some complaints about the poor AA experience in the market. In fact, it is not difficult to understand that the chain abstraction service entity provides a pluggable interface expansion service, and the signature algorithm optimization and adaptation of the interface itself (CDK) are also particularly critical. More than 60 chains such as Bearchain and opBNB have also integrated this service. Particle only provides a standardized chain abstraction service that can be directly integrated by cooperative projects. It is unrealistic to bear all the compatibility problems on its own.

that's all

In my opinion, Particle is a typical modular layer 1 public chain dedicated to solving complex chain abstraction problems. SevenX also cited different solutions such as @LightDotSo @NEARProtocol in the article. I will not interpret them one by one, but this kind of technical service is not difficult to understand.

The essence of chain abstraction is "connection integration" and "heterogeneous compatibility". The hard work is done behind the scenes, allowing project developers to quickly and cost-effectively integrate and apply mature extension services, allowing users to perceive a seamless interactive experience.

In short, the future of chain abstraction is created by the complexity of the current cross-chain native environment. Now everyone is still immersed in the irrational period of complexity and prosperity brought by modular combination, and may not be able to perceive the value of chain abstraction. When the Mass Adoption vision is gradually realized and the competition between chains is involuted to the point where a big wave of elimination and reshuffle is needed, the value of chain abstraction will naturally emerge.

Phoenix Wallet, which designs Bitcoin (BTC) wallets for lightning payments, has announced that it will stop serving US residents on May 3.

ACINQ, the company behind Phoenix Wallet, plans to remove the app from US app stores, meaning that from that date, US users will no longer be able to access it.

The company has urged its clients in the U.S. to withdraw their funds immediately. However, the company also cautions customers not to force down their Wallet apps, as this may result in them having to pay a higher Blockchain Money Laundering.

At the same time, the company is calling on its iOS users in the US to go to the Wallet app's settings page, select and tap the "Clear short Wallet" option. For Android users, the company suggests that they should also go to the Wallet's settings interface and select the command "Close Channel", which will safely clear the funds in the Wallet.

While the official has not yet stated the specific reason for Wallet delisting from the U.S. App Store, ACINQ hinted in a tweet that some recent U.S. government statements have raised doubts about whether self-hosted wallet, Lighting Network service providers, and even Lighting Network Node could be classified as coin services businesses and therefore regulated.

The company's decision to delisting Wallet application comes after legal action was taken against the founder of Samourai Bitcoin hybrid Wallet. This move suggests that the legal action against the founder of Samourai's Wallet may have been one of the factors that prompted the company to make this decision.

On April 24, federal prosecutors for the Southern District of New York announced that they had filed a lawsuit against Keonne Rodriguez and William Lonergan Hill, the founders of Samourai Wallet.

According to the indictment, Rodriguez and Hill are charged with facilitating illegal transactions through the Samourai Wallet. If convicted, Rodriguez could face up to 20 years in prison, while Hill could face up to five years in prison if found guilty.

The U.S. Department of Justice has charged the creators of the Samourai Wallet with allowing more than $2 billion in illegal transactions through the platform and collecting more than $4.5 million in fees since 2015. The DOJ also claims that Samourai is being promoted as a tool to resist censorship and promote illegal activities.

Rodriguez's arrest was accompanied by an FBI warning to users involved in the "operations" of unregistered encryption companies believed to be in the business of coin services. The crackdown followed the pattern of U.S. authorities long wick candle Wallets and mixers that they deemed suspicious activity.

The indictments reverberated strongly in the Crypto Assets community, with CryptoQuant CEO Ki Young Ju defending Rodriguez and Hill, arguing that privacy protection is a fundamental property of Bitcoin.

Ki Young Ju likens this situation to punishing the inventor of the knife rather than punishing the person who misused it, emphasizing that the intent behind the use of a tool determines its legitimacy. According to him, if a tool itself is designed for a legitimate purpose, then those who misuse the tool for illegal activities should be held accountable, not the creators of the tool.

The IoTeX network is a Open Source Blockchain protocol that provides scalability, privacy, and interoperability solutions for connected devices. It provides its own developer tools to support the development of dApps supported by IOTX. It is also compatible with the Ethereum Virtual Machine (EVM), making it easy for Ethereum developers to migrate contracts without having to rebuild them from scratch. According to IoTeX, its Blockchain executes transactions quickly and has minimal gas fees.

The IoTeX Blockchain is a proof-of-stake system that enables users to be rewarded for their contributions to the network, which is then distributed based on the amount of stake each user has in the system. IOTX holders can also vote for representatives who help ensure cybersecurity. Finally, IOTX coin Money Laundering within the IoTeX network.

Regularly burning a portion of the total Token supply drops the available quantity and keeps the IOTX value stable. IoTeX has become the winner of the IoT (Internet of Things) Blockchain competition because it was the highest yielding Token in May last year, making it more useful due to the latest technological advancements that IoTeX has been developing and launching in business and real life, especially connecting human-machine interfaces.

How does IoTeX work?

Since its invention, the Internet of things (IoT) has been transforming our daily lives. It has dramatically changed the way the physical world works in our personal and professional lives. Not only does this technology help people work smarter, but it also allows for seamless sharing and access to data across the globe. This is achieved through the use of Internet of things and smart devices, enabling IoTex to connect Blockchain technology with Internet of things and smart gadgets in a more efficient, secure, and fast way.

IoTex is a breakthrough Blockchain network that gives machines and humans the ability to interact with each other without borders. IoTex provides users with complete control over their data, as well as privacy and security when conducting online transactions. The primary goal of IoTex encryption is to guarantee that consumers can own and manage the value and data they generate. Thanks to the web's ability to combine the digital world with the real world, users now have access to a variety of services.

IOTX is the native coin of IoTex. As of December 9, 2021, the price of the IOTX coin is $0.124. It has also received long good reviews and trust from long Crypto Assets publications and websites. After the price big pump by 150%, investors and traders will find a IOTX hard coin news almost every day.

Key Features of the IoTeX Network

• Roll-Delegated-Proof-of-stake (Roll-DPoS) Consensus

• Two-layer chains

• Edge Trusted Computing

• Cross-network interoperability IOTX is a project with great potential. It has a strong team and further partnerships. The technology is reliable, and they are constantly improving it. The Mainnet is live and they are working on adoption. The downside is that the encryption market is very competitive and it will be difficult to adopt. They also face longest competition from projects from more established communities. Prices are expected to pump in the coming years. IoTeX is a relatively new Blockchain that has only been around for three years long. So far, the potential of the IoTeX network has proven to be enormous. Due to its features, we may see the creation of more long internet of things devices and DApp on the web, which will affect the overall price of IOTX. These predictions are our opinions, not investment advice, as Crypto Assets are very volatile. These predictions are based on IOTX's past performance and current trends, so investors are advised to do their own research before investing. IoTex can be a very good long-term investment, as prices are expected to pump significantly in the coming years. The technology is good and they have longest potential partnerships.

Franklin Templeton's Ethereum Spot ETF code has appeared on the list of depository trusts and Settlement companies (DTCC), which could signal that the SEC of America (SEC) may approve Ethereum ETF.

Franklin Templeton's Spot Ethereum ETF listed by DTCC

On Friday, April 26, the Ethereum Spot ETF proposed by the American multinational investment company Franklin Templeton made its debut on the official website of DTCC under the symbol EZET.

Franklin Templeton's new listing on the DTCC platform comes amid the SEC's ongoing review of approval Spot Ethereum ETF. Back in January, following the approval and launch of the Spot Bitcoin ETF, Xu long analysts expected more long Crypto Assets ETF to emerge, speculating that Ethereum would be the next Crypto Assets to gain ETF after Bitcoin.

However, despite the fact that well-known Financial Service companies like BlackRock, Grayscale, VanEck, Fidelity and other well-known companies have filed applications for Spot Ethereum ETF, the approval of the US SEC has been delayed.

In its most recent filing, Tuesday, April 23, the regulator disclosed that it would designate a longer period of time to determine the appropriate course of action for its proposed Spot Ethereum ETF to Franklin Templeton and Grayscale. The Committee set June 11 as the new deadline for approving or rejecting Ethereum Spot ETF proposals.

The move seems to have been anticipated by other encryption and financial experts in the industry, as analysts at Standard Chartered Bank and CEO Jan Van Eck of VanEck had previously expressed doubts about the possibility of the US SEC authorizing Spot Ethereum ETF soon.

Does a new listing signal an imminent approval?**

The recent addition of the Spot Ethereum ETF proposed by Franklin Templeton to the DTCC list is considered a first step in the transaction process and does not guarantee approval by the SEC, which has the exclusive authority to approve or reject such investment products.

Prior to the approval of the Spot Bitcoin ETF, the DTCC had listed the Spot Bitcoin ETF previously proposed by BlackRock on its platform, sparking speculation and raising hopes of possible SEC approval. However, Settlement later removed BlackRock's Bitcoin ETF from its platform and clarified that the listing did not imply an endorsement of the Spot Bitcoin ETF application by the SEC.

While Ethereum Spot ETF approval is expected, the U.S. SEC remains vague about its position. Eric Balchunas, senior ETF analyst at Bloomberg, also revealed earlier in March that they had only a 25% chance of Ethereum ETF approval, reflecting a rather pessimistic outlook.

Overall, the broader encryption market is still closely monitoring developments surrounding the Ethereum Spot ETF filings by Franklin Templeton and other financial firms, as well as the SEC's final decision, acknowledging that the potential approval is a significant step forward in the digital asset sector.

Author: BlockSec

Summary

1. EigenLayer's core technology, Stake Restaking, allows Decentralized Services (AVS) to reuse Ethereum's stake pools and enhance trust mechanisms. When the ETH validators's withdrawal credentials are redirected to the EigenLayer contract, AVS can set up a reward and punishment mechanism to attract low-cost verification participation, improve the validators's capital utilization and enhance the overall network security.
2. EigenLayer introduces new micro and macro security challenges in the Consensus Marketplace. The main body of the market: the ETH validators (Operator), the Demand Decentralization PoS Trusted Service Items (AVS), and the EigenLayer platform itself constitute the interactive structure of the ecosystem. Each of these parts may face security threats that affect the stability of the entire ecosystem. Malicious operators may attack long services at a low cost under the restaking mechanism, malicious AVS may use superficial propaganda and seemingly credible return rates to attract unknown operators to join the service system, causing them to suffer slashing and irreversible losses, and the rapidly developing ecosystem puts forward higher requirements for the security of the EigenLayer protocol.
3. Professional audits and reliable dynamic protection measures are the cornerstones of ensuring the safety of the platform and users. In addition to innovation, the EigenLayer ecosystem needs a robust security framework that can meet new challenges. BlockSec continues to build in the field of Blockchain security, providing professional code audit and post-launch dynamic security protection for project parties to support the continuous growth of this ecosystem.

Introduction

The Ethereum-based protocol EigenLayer innovatively proposes a re-stake feature that allows participants to maximize the potential value of their capital by further leveraging their stake ETH to support other protocol while maintaining the original stake and earnings.

Rising from $1 billion in early 2024 to $15.3 billion today, EigenLayer's TVL is second only to Lido in the entire Decentralized Finance ecosystem. The explosive rise not only demonstrates the strong interest of the market, but also validates the practicality and impact of its technology. With this rise, projects based on the EigenLayer ecosystem, such as Puffer Finance and Renzo, have also quickly gained the favor of capital and users. The re-staking track with EigenLayer as the core is undoubtedly one of the most high-profile narratives in the Decentralized Finance ecosystem this year.

As a company focusing on Blockchain security, we will analyze and discuss what new security challenges and tests the operating mechanism of EigenLayer has brought while innovating the Decentralized Finance ecosystem from a macro to micro security perspective.

Top-level design and macro security

Restaking is essentially a foundational means of further solving a specific problem by reusing the trust provided by the Ethereum Proof of Stake (PoS) stake pool. As the founder of Restaking technology, EigenLayer provides a two-way free Ethereum pool trust to an emerging market, that is, a Consensus Selling Market. EigenLayer claims that the current Ethereum ecosystem is suffering from the macro security problem of trust splitting, and EigenLayer can solve this problem well. Next, we will start from the design and motivation of EigenLayer to understand what trust splitting is and how EigenLayer solves trust splitting.

1. Who is the target of the Consensus Market? Who are the two parties involved in two-way freedom?

EigenLayer sells the trust provided Ethereum Ethereum's stake pool, so the Consensus seller is the Ethereum validator Node Validator. Buyers, i.e. Actively Validated Services (AVSs). To put it simply, it can be understood as any service that needs to build a distributed trust network, and AVS, as the buyer, needs to buy distributed trust. **

2. Why does this emerging market segment need to exist and what problem does it solve?

Ethereum only provides the innovative nature of the contract layer. Developers have a deeper need for innovation, such as trying to modify the environment in which the program runs (in Ethereum, the Ethereum Virtual Machine EVM), or going one step further and wanting to modify the Consensus protocol.

Figure1:EthereumTrustFlow,Source:EigenLayerForum

**The founders of EigenLayer regard these developers' desire for underlying innovation as an unmet market demand, as a problem of limited innovation, and try to solve this problem of limited innovation by providing a free marketplace for reuse Ethereum trust, meet the innovation needs of developers, and drop the cost of innovation. **

**EigenLayer also addresses the macro security issue caused by Ethereum's limited innovation, namely the trust split problem. **In the Ethereum PoS mechanism, network security relies on sufficient stake funds and the number of verified Node. New projects try to build their own trust networks, often requiring stake their own Token, which leads to the diversion of stake funds from Ethereum Mainnet, affecting their security. For example, if a Ethereum Mainnet has 10B stake funds and the stake spread across three subservices totals 3B, the actual increase in stake funds does not directly enhance the security of the Mainnet. In addition, split trust can increase the security risk of DApps, as attackers may long wick candle attacks on sub-services with fewer funds, exploiting weaknesses in the system to cause broader security issues. **

Figure2:PooledsecurityofEigenLayer,Source:EigenLayerWhitepaper

In summary, the current Ethereum ecosystem suffers from both limited innovation and trust splitting caused by limited innovation. EigenLayer was born to solve both of these problems.

3. How does EigenLayer solve these problems?

Figure 3：Comparing the eco of actively validated services today and with EigenLayer, Source:EigenLayerWhitepaper

Existing AVSs don't have access to Ethereum stake pools, let alone slashing. The restaking technology is to open a channel for AVS to access the Ethereum stake pool in the form of an interface, which is EigenLayer. In the abstraction layer of EigenLayer, services exist in the form of smart contracts, and the underlying layer of Ethereum guarantees the reliability of the platform. Through this platform, AVS can define its verification requirements and incentives to attract ETH validators to participate at a lower cost, improving the security and efficiency of the entire network. These services include deploying dedicated Slashing and Payment Contracts, allowing validators to choose to participate for profit as needed.

4. Does EigenLayer solve these problems well, and does it come at a cost to solve these two problems?

First, with regard to the limitation of innovation, by reusing the trust provided by the Ethereum stake pool, AVSs can indirectly absorb the trust of the Ethereum, effectively drop the start-up costs of such services, and provide the prerequisites for the ecological prosperity of the Blockchain.

Then there's the more critical issue of Ethereum's trust split. **On the one hand, investors re-stake through EigenLayer to support AVSs is a more profitable choice, which can largely support the return of staked funds diverted to decentralization services to Ethereum's stake pool. On the other hand, the cost of validators participating in verification has become lower. For AVS itself, it can attract more long stake assets at a lower cost, and the more long stake funds reinforces the weakest link in the attack chain and improves overall security. **

From the perspective of design and motivation, there are many long projects that have made more mature attempts to innovate, such as Cosmo, OP Stack, etc. These projects allow emerging project parties to launch a new public chain at a relatively low cost, but none of them solve the macro security problem of trust fragmentation. The macro-security problem of trust splitting solved by EigenLayer, as well as the lower threshold for AVSs and the higher yield (with risk) for ETH Validator, are very attractive and unique.

Security of emerging ecosystems

EigenLayer's trust marketplace can be divided into three entities:

• Operator, which is generally considered to be the ETH Validator, the trusted seller;
• AVS, i.e. a service project that requires decentralization PoS trust, buyer;
• Powered by Operator and AVS's EigenLayer platform, i.e. the marketplace itself.

These three entities make up the ecosystem of EigenLayer, and each part of it may face security threats that affect the stability of the entire ecosystem.

1. Malicious Operator crime cost dropped

ETH Validator only needs to pay one capital in the EigenLayer ecosystem to get longest returns. This greatly improves the utilization rate of staked funds, making the barrier to entry for Operators to enter the AVSs service trust network lower. Correspondingly, the Operator also needs to take on the verification tasks specified by the selected AVS, and bears additional risks. **Increased capital utilizationThe cost of crime is also significantly dropped for malicious operators. **

This risk is mentioned in the White Paper and provides a potential solution, that is, to set up a dashboard that can be accessed arbitrarily, and the AVS with high utilization rate of malicious funds can check whether the operator that provides the restaking stake to itself is in the state of long stake, stake long few times, etc. White Paper stressed that this is a two-way free market, does not care about the utilization of malicious funds, does not allow long to re-stake, and obviously can attract more long restaking stake funds, which is entirely dependent on AVS's own trade-offs.

2. Malicious AVS Attracts Blind Operator

AVS mainly provides long wick candle reward and punishment mechanism for Restaking stake in the EigenLayer market, and the reward and punishment mechanism is determined by AVS itself, and the corresponding contract will be deployed on the Ethereum Mainnet. Operators and EigenLayer can also require AVS projects to open source such contracts, but we cannot guarantee that each operator has the ability and energy to confirm the reliability of the AVS service they want to purchase. The absolute freedom of AVS may appear Malicious AVS lures operators by false or exaggerated information, exploiting contract coding vulnerabilities to trigger slashing through backdoors. The market is always profitable, and malicious AVS may attract relatively blind operators, and eventually suffer from malicious slashing and other behaviors, bringing irreversible losses.

In order to avoid such incidents, audits can be used to ensure the security and reliability of the AVS reward and punishment mechanism. The EigenLayer White Paper hopes that AVS's reward and punishment contracts will be subject to reasonable relevant audits and evaluations. At the same time, the EigenLayer White Paper proposes to set up a committee to oversee the slashing reward and punishment mechanism to help the emerging AVS get on the right track.

3. Platform Security

Finally, there is the security of EigenLayer itself, that is, the security of the platform. If there is a security flaw in the EigenLayer platform itself, it will cause great harm to the entire ecosystem, and even directly threaten the security of Ethereum's PoS consensus. Considering that EigenLayer aims to provide a two-way free trade marketplace for Operators and AVSs, there is a need to provide a more long custom interface for both parties to support richer demand. This abundance of requirements also makes the abstraction layer more complex, which in turn leads to more long potential security threats. **

Since EigenLayer itself is implemented by contracts, its basic security can also be ensured by code audits and post-launch monitoring, but as mentioned earlier, these contracts still need to stand the test of time.

Summary

EigenLayer innovatively proposes the restaking mechanism, which not only optimizes the use of funds, but also improves the scalability of the network while addressing the macro security problem of trust fragmentation. However, in addition to the advantages of long innovation, it also introduces new security challenges and potential risks, such as the drop of the cost of evil caused by the increased utilization of funds. Therefore, it is crucial for Blockchain developers, investors, and security experts to focus on the associated problems and find solutions.

As a company focused on Blockchain security, we recognize that in-depth audits of EigenLayer and its ecosystem code, as well as dynamic monitoring and security protections, are critical to maintaining the security of the entire Decentralized Finance ecosystem. Security should be fully considered in the design and implementation phase of AVS, and professional auditing and dynamic monitoring and security protection are the cornerstones of ensuring the security of the platform and users. As Blockchain technology continues to rise and market demand grows, EigenLayer and its ecosystem need not only innovation, but also a robust security framework that can cope with new challenges. Therefore, we will continue to build on the security frontier, providing granular code audit services for more long projects, as well as post-launch monitoring and dynamic security protection, to support the continued growth of this ecosystem.

Original author: Deep Tide TechFlow

From April 5-26, Ethglobal hosted a Hacker Marathon called Scaling Ethereum 2024.

The event brings together some of the top thinkers and experts in the Ethereum ecosystem to empower teams to do great things in two weeks long a little bit by providing a wealth of Web3 resources such as mentors, partners, and software.

Here are the 8 finalists for the finals.

Monadic DNA: Privacy protection of personal genetic data

Monadic DNA is an illustrative example of what a new paradigm of privacy that respects individual genomic services might look like.

We envision a future where people have their own genomic data without having to disclose it to any provider and still enjoy the benefits of this fast-growing field.

Once someone obtains the original DNA file from the provider, the Monadic DNA portal allows them to upload the data and receive a DNA passport.

Behind the scenes, raw data is processed (and then discarded), and some of that data is stored as secrets on the Nillion network. The actual DNA passport returned to the user contains an identifier, some useful hashes, and Metadata about the secrets stored on the Nillion network.

On-chain proofs based on off-chain computation provide an open, scalable paradigm for medicine that respects anonymity and privacy.

SignKaleidoscope: Visualize the signature path with motion graphics

SignKaleidscope is a Sign Protocol browser with interactive graphical visualization capabilities.

Explore accounts, patterns, and attestations by clicking on Nodes and Edges in the graph, using the search field, or navigating links in the details overlay. Drag to pan the chart and scroll to zoom in and out. Node and edges will automatically appear and connect in the graph when new entities are discovered.

EthereumL10nService: Decentralization translation network with AI and human proof

In order for Ethereum to reach the next billions of users, we need to break down language barriers. Only 16% of the population speaks English, while more than 60% of the content is in English.

As a result, the project is building an incentive network for AI translation agents and human provers.

In the project demo, it translates videos from the Pragama Denver Playlist on Youtube. Leverage OpenAI Whisper for ASR to convert the ASR to the original English transcript, and then prompt OpenAI LLM to provide the final translated (Chinese traditional) file in vtt format.

Vtt subtitle files are uploaded to FIL for decentralization AI processing and execution; Then through the Chrome extension, we can see the translated subtitles, and the end user can give feedback by upvote/downvote like StackOverflow. These votes will use the user's Wallet to create a encryption-based proof and send it back to our server.

This allows us to avoid abuse and further calculate incentive distributions based on contributions.

TxFusion: Execute longest transactions in a single call and signature

TxFusion is a platform designed to simplify and improve the user experience of managing longest DEFI transactions. It leverages the new EIP 5792 standard and introduces a new Wallet method called wallet_sendCalls. This method enables users to create bulk transactions, allowing them to perform longest operations with a single call and signature.

Decentralized Finance users often face the complexity of managing a large number of transactions across various protocols such as Uniswap, Compound, and Aave. This process can be time-consuming and cumbersome, resulting in a less-than-ideal user experience. There is also a long gas fee for users to execute long trades.

The project addresses this challenge by providing a unified platform to streamline the execution of long Decentralized Finance transactions.

forge flamegraphs: Solidity development optimization tool

When we have some solid code and want to optimize it, there are currently limited tools that can help. No open source Solidity Profiler can be actively maintained and used with Foundry or Hardhat. This makes the gas optimization process time-consuming and, of course, requires long skills.

For these reasons, only experienced Solidity developers are good at gas optimization, as they are better at guessing and drilling which part will produce more long gas.

Flamegraphs are used to analyze system software and find performance bottlenecks. We built a minting plugin that drops low-level debug traces to generate collapsed stack traces to generate graphs, showing more clearly what should be optimized, thus lowering the development barrier to entry.

CreateToolBelt : Smoother deployment of smart contracts

CreateToolBelt is a comprehensive toolkit designed to address long challenges developers face when deploying contracts on Ethereum Blockchain.

The kit consists of three main components: Create 2D eployer, Create 2 SafeDeployer, and Create 3D eployer.

Create 2D eployer allows deterministic contract deployment using the CREATE 2 Operation Code, enabling developers to deploy contracts at predictable Addresses. We've enhanced this with Create 2 SafeDeployer, which takes a novel approach to preventing preemption by leveraging the first 20 bytes of salt linked to msg.sender to ensure that only the deployer executes the way expected. Finally, Create 3D eployer extends these capabilities to long Blockchain, allowing only deployer Address and salt to be deployed on the same Address in different on-chain, which is a groundbreaking step for developers working with interdependent contracts across long platforms.

ChainSweep: A full-chain version of the Blockchain "Minesweeper" game

The game is an on-chain implementation similar to the famous "Minesweeper" game.

In the Block Realm, you must validate Blocks and avoid containing wrong Blocks. When you click on a defective square, you lose. When you verify that all Block are error-free, you win.

The game runs entirely on-chain (Arbitrum Stylus Testnet). Every step you make is a separate transaction.

The important information in the game is the exact location of the error (the field that should not be clicked). If smart contracts choose these locations and store them on-chain, it will be trivial to win the game by using a blockchain explorer or other tool to find where the error is. To avoid this, the contract only stores the fields that have been exposed so far. When a player makes a new action, the smart contracts regenerates a potential misallocation on the field consistent with the action made so far. This makes the game still difficult to predict.

BlobFusion: Make blob shorts more affordable for everyone

A month ago, Dencun went live and brought us EIP-4844 and blobs.

Here's the thing: you always have to commit the full 128 KB blob. If you have less data, then you still need to commit 128 KB. This takes up unnecessary shorts and costs a lot of money.

BlobFusion enables you to share blobs with others by packaging smaller blobs into a normal blob. This is to maximize blobspace efficiency (= good for the network) and cost (= good for the user).

How does it work?

• The user sends some ETH to the Arbitrum smart contracts
• The server indexes transactions and allows users to commit blobs
• The user sends a signed blob to the server along with the fee they are willing to pay
• The server saves the blob to the database
• The server periodically tries to build blobs that meet all the criteria (e.g. shared cost of blobs < sum of all bids, etc.)

In federal court in Brooklyn, Jebara Igbara, also known as "Jay Mazini," a Crypto Assets influencer on social media sites such as Instagram, was sentenced to 84 months in prison for wire fraud, wire fraud conspiracy and Money Laundering.

According to the U.S. Attorney's Office for the Eastern District of New York, Igbara's scam caused huge financial losses of millions of dollars to unsuspecting investors.

**Social Media Fraud

The investigation found that Igbara, operating under the popular Instagram account name "Jay Mazini," used his social media influence to create a false image of affluence.

Igbara posted videos of him handing out cash as gifts to women who had lost their wallets at grocery stores, fast food restaurants and even at the airport. Behind this, however, Igbara is operating longest fraudulent accounts that have defrauded investors of at least $8 million.

As part of the verdict, Igbara was ordered to confiscate $10 million. The exact amount of compensation owed to the victim will be determined at a later stage.

U.S. Attorney for the Eastern District of New York, Breon Peace, said:

"The indictment of Igbara reveals his true colors: a fraudster who used his social media influence to scam investors out of millions of dollars. He unashamedly targeted his religious community, using their trust in him to squander and gamble their hard-earned money. Hopefully, today's verdict will serve as a warning to fraudsters like the defendants in this case to think twice and act carefully before harming investors for their own selfish gain. ”

False Promises and Impersonation Crypto Assets Schemes**

According to an investigation by the U.S. Attorney's Office for the Eastern District of New York, from 2019 to 2021, Igbara amassed nearly a million followers on Instagram, forming a significant social media presence. He portrayed himself as a successful investor and businessman and incorporated elements of the Muslim faith into his posts as a way to project himself as both religious and credible.

Igbara posted a series of videos on his Instagram account in which he openly handed out cash in front of various everyday occasions such as grocery stores, fast food restaurants, and a woman he met at the airport who had lost her wallet. The videos are meant to showcase his generosity and financial prowess as part of shaping his social media presence to attract and sustain followers. However, these actions were later revealed to be one of the fraudulent tactics he used to deceive and attract potential investors.

Igbara's fraud was mainly carried out through a company he controlled, called Halal Capital LLC. He used the company to plan and execute an investment scam scheme that targeted members of the Muslim community long wick candle.

Igbara promised members of the Muslim American community in New York that he would use their funds to invest, including stocks, the resale of electronics, and the sale of personal protective equipment. He raised funds in this way, claiming that these investments would bring returns to investors. However, this was actually part of the scam scheme he carried out.

What Igbara runs is actually a typical Ponzi Scheme, where he diverts most of investors' money for personal consumption, luxury car purchases and gambling. In order to maintain the illusion of his supposed legitimate operation and continue to attract investors, he also implemented a second scam scheme: offering encryption asset purchase offers above the market price through his social media accounts to trick victims into selling their crypto assets holdings.

In this scheme, Igbara completes his scam by sending fake wire transfer confirmation images to his victims, making them mistakenly believe that they have received the money, when in fact, the funds are not actually transferred to the investor.

Fattorusso, the head of agents at the Internal Revenue Service's Criminal Investigation Division (IRS-CI), called Igbara a "Crypto Assets scammer." Fattorusso points out that Igbara not only crafted a fake identity on the internet to trick victims into investing in his scam scheme, but also cleverly used his large followers and influence on Instagram as false proof of his "success." In this way, Igbara increases his credibility and thus makes it easier to lure more long people into his investment scams.

Fattorusso stressed that Igbara ruthlessly defrauded millions of dollars from New York's Muslim community and squandered those funds without repentance. His actions show indifference to the victim and a callous calculation of the scam, completely ignoring the fact that the money was hard-earned by community members. Through this description, Fattorusso reveals that Igbara's fraud is not only legally criminal, but also extremely morally irresponsible.

Written by Jerry, founder of ThePrimediaDAO

one

In the logic of thinking, as representatives of the post-80s financial media people, for a long time, our cultural system and ideological cognition have had a strong superiority of the "American spirit": democracy, freedom and human rights. In the reporting of major news events one after another, we have also deliberately compared the superiority of the US mechanism of separation of powers: the legislative, executive, and judicial powers of the state are held by different organs, and they are exercised independently and check and balance each other.

But with Bitcoin and the "spirit of encryption", we have gradually realized that there will be better governance mechanisms and social order in the process of human progress towards digitalization. Especially when the US government, which is controlled by "capital" behind it, tears off the fig leaf of "American civilization" and declares the failure of the "American spirit" by the large-scale suppression of protest college students, it is necessary to re-examine the risks of the "Ethereum POS" path and the essence of the geek spirit of the encryption world.

II

In the past few days, demonstrations have erupted on university campuses in longest places in the United States, including several well-known institutions of higher learning, demanding a permanent ceasefire in the Gaza Strip and an end to US military assistance to Israel. The demands of the university students were not radical, but mainly long wick candle to demarcate the school from Israel, that the school funds should not invest in companies linked to Israel, and that it would completely divest from Israeli companies and companies that supported the Israeli invasion. In addition, the students hope that the university will pressure the U.S. government to contribute to a ceasefire in Gaza.

At about 4 a.m. local time on April 17, in front of the Butler Library of Columbia University in New York City, USA, long students set up tents on the lawn and set up the "Gaza Solidarity Camp". After hundreds of students were arrested by New York City police, longest colleges and universities across the United States launched a massive solidarity campaign, including Harvard, Yale, MIT, New York University, USC, and the University of Texas at Austin.

Like any "justice" in the course of human history, intellectuals have paid a terrible price in the pursuit of justice. Regarding the demonstrations and protests of American college students, the attitude of the top leaders of the United States and Israel is basically the same. Biden called this blatant "anti-Semitism" reprehensible, Speaker of the US House of Representatives Johnson denounced them as "anti-Semitic thugs", and Trump called it a disgrace and all Biden's fault. Israeli Prime Minister Benjamin Netanyahu issued a statement saying that what was happening on American college campuses was terrible, with "anti-Semitic mobs" taking over top universities.

On the morning of the 25th local time, more long schools joined the protests, including the University of Maryland, George Washington University, Cornell University, University of California, Los Angeles, and Princeton University...... Despite the "anti-Semitic" labeling of demonstrators by some US politicians and their vigorous crackdown, the protest movement has intensified.

Three

Since 2020, with the progress of the encryption ecosystem brought about by the Decentralized Finance Bull Market, the basic elements and functions of the NFT, including the governance mechanism of the DAO, including the efficiency improvement of Layer 2...... People are beginning to imagine the arrival of the era of Blockchain applications and the order of digital civilization in the Metaverse.

In the wave of AI is bringing a new revolution to the productivity of human society, we also integrate AI elements into the narrative of "AI and Web3 in the Metaverse" - the best way to get along with AI is the narrative of "AI and Web3 in the Metaverse": AI provides computing power and forms intelligent network application scenarios, and Blockchain/Web3 establishes order for AI (intelligent network). Without this narrative, humanity and AI would end up in a showdown between carbon-based and silicon-based life.

In this narrative, we are also full of longing for the advancement of human digitalization. If Metaverse short the Metaverse short is just a highly immersive digital short, is it worth it to reconstruct the digital society with Blockchain /Web3 Decentralization, Token incentive mechanism and DAO organizational governance, and give human beings a better social system and governance structure to evolve, which is worthy of human beings to gather the power of technology and industry to build a digital short and look forward to Metaverse world. Therefore, this Metaverse scenario will also be grander than the Decentralization Society (DeSoc) of God Vitalik Buterin.

But the failure of the United States is a wake-up call that human governance is far more complex and dangerous than intelligent networks. Even the separation of powers, even democracy and the rule of law, will be eliminated by a government controlled by capital.

The encryption world is facing the same dangers. At the beginning of Ethereum's transformation to POS, ThePrimedia wrote an article "Sticking to the Logic of PoW: Analysis of the Legality and Feasibility of the Ethereum Merge Hard Fork" to remind that if we do not stop it, then more than ten years after the advent of Bitcoin, the Unholy Trinity of the Blockchain world will be "solved" - at the cost of giving up decentralization, it will completely degenerate into a banal financial game that is no different from Wall Street. Since Bitcoin, Satoshi Nakamoto's imagination of "opening a window and revealing a beam of light" for the world will also disappear.

Instead of calculating the gains and losses of moving to POS, think carefully about what is going on - why is the trend towards centralization applauding? Signs of urgency and importance that the idea of decentralization needs to be re-emphasized are already emerging.

Four

We are co-researching and co-creating with a DAO mechanism and incubating Web3 media protocol on this basis, and we have also participated in Blockchain projects of community governance. These practical experiences and reflections will give us a better perspective on the risks of the "Ether Path" through the "failure of the United States".

While we rejoice in the capital brought by Bitcoin ETFs, the encryption world itself is paving the way for "capital control". This is extremely dangerous. Fortunately, the efforts of Bitcoin's layer 2 and the practice of cross-chain interoperability have provided a better option for the encryption world than the "Ether path".

Of course, there are still doubts in the market: Bitcoin faces hurdles in scaling its use cases and scalability, and some EVMs are pseudo-Bitcoin layer 2. How to improve the scalability, security and cross-chain capability of Bitcoin, promote the safe asset issuance and cross-chain experience across heterogeneous Blockchains, especially in ensuring the scalability of Bitcoin without changing its consensus rules, and promoting fast and secure Bitcoin Layer 2 development and interoperability is necessary and urgent.

Today, whether it is the physical world or the encryption world, we are in an era of rapid change and development. In the physical world, the spirit and system of the beautiful country are declining, and terms such as open source, geek, encryption, DAO, decentralization, AI, quantum, interstellar migration, Metaverse, Decentralization and other terms continue to emerge and iterate human cognitive and behavioral patterns.

In the narrative of "AI and Web3 in the Metaverse", a group of evangelists, leaders and promoters of the new era will be born.

Next week, 16 projects will usher in Token Unlock events. Among them, MEME will usher in a large number of unlocks, accounting for 33.6% of the total unlocks, and other important unlocks include DYDX and NYM.

The specific unlock details are as follows:

Memeland

Project Twitter:

Project Official Website:

Number unlocked: 5,600,000,000,000

Amount unlocked: Approximately $156 million

Memecoin (MEME) is the native Token that powers the Memeland NFT ecosystem. Memeland is 9 GAG's independent Web3 venture capital studio dedicated to developing and investing in the SocialFi and creator economy, with the goal of connecting creators and communities through its MEME Token and other NFT.

This is the first Cliff unlock since the launch of MEME, with the largest proportion being the Airdrop part, with a total of 3.45 billion and a value of nearly $100 million. The remainder were 1.04 billion for advisors and 828 million for investors, valued at $30 million and $23.5 million, respectively.

The specific release curve is as follows:

dYdX

Project Twitter:

Project Official Website:

Unlocked this time: 33.34 million

The amount unlocked this time: about $73 million

dYdX is a Decentralization derivatives trading for Perptual Futures and Margin trading, providing Blockchain digital asset trading services in the form of an order book, as well as trading functions for leverage and contracts. dYdX adopts the order model of off-chain matching + on-chain Settlement. The operation experience is closer to the traditional CEX, and can realize limit order, stop loss and other operations.

This unlock is a regular unlock and is open to investors and project parties. Among them, there were 18.49 million for investors, worth $39.3 million, and 14.85 million for founders, employees, and advisors, worth $31.6 million.

The specific release curve is as follows:

Nym

Project Twitter:

Project Official Website:

Unlocked this time: 45.63 million

The amount unlocked this time: about $8.06 million

Nym is a privacy platform that provides strong network-level privacy against sophisticated, end-to-end attackers long wick candle and anonymous access control using blinded, rerandomizable, decentralization credentials. Nym protects privacy at the network layer by encrypting and relaying users' Internet traffic through a longest network called a mixnet.

NYM has been basically unlocked, accounting for 78% of the total unlock, this round is the penultimate round of large unlocking, and the full unlock of this round is released to backers.

The specific release curve is as follows:

Original author: Biteye

Winning Airdrops through Gitcoin Donations is like opening a mystery box, and in order to help everyone better judge, Biteye analyzed the Airdrop rules of Optimism, Dmail, Namada, NIM Network, and Celestia.

They both Airdrop Addresses that have participated in Gitcoin donations, and the rules are slightly different, see the comparison below.

Rule 1 : Gitcoin donors can directly get the Airdrop, unlimited rounds and amount

Optimism is the Ethereum Layer 2, and in the first round Airdrop distributed 5% of the OP supply to 248, 699 Address, including Gitcoin donors.

The main requirement is that on-chain donations have been made through Gitcoin on L1 before the snapshot, regardless of the round and amount, each Address can get 555.92 OP, which is about $800 based on the Opening Price, which is very substantial.

Rule 2 : Gitcoin donors can receive Tokens directly, with limited rounds and amounts

Dmail provides an encryption email service, airdropping 7.5 million DMAIL IN Q1 (3.75% OF TOTAL SUPPLY).

In the past two rounds of Gitcoin donations, all Address Airdrop donated to Dmail totaled 37,500 DMAIL, which will be converted into dollars based on the Exchange Rate at the time ($2,268.26/ETH) if it is donated ETH.

Rule 3: Gitcoin donors can get Tokens directly, limit rounds, and sort the amount

Namada is an L1 for attestation of assets across chains, airdropping 65 million NAM (6.5% total supply) on RPGF Drop, 26% of which goes to donors to ZK Tech and Advocacy project Gitcoin.

Donations to specific projects in specific rounds are ranked by the total amount of donations in each round, with the lowest ranking range of 71 NAM.

Rule 4: Gitcoin donors can get Tokens directly, limiting the type of donation

NIM Network, an AI gaming Blockchain based on Dymension, Airdropped 90 million NYM (9% of the total supply).

The project team will Airdrop 7,599 Wallets that have donated specific open games, infrastructure, and Open Source software projects on Gitcoin, and the specific proportion is unknown.

Rule 5: Use Gitcoin donations as a scoring weight

Celestia is the first modular blockchain network to Airdrop 60 million TIAs (6% of the total supply), of which 1/3 goes to early Ethereum Rollups.

When measuring the level of user on-chain activity, some on-chain behaviors are officially weighted to generate a score (out of 23) linked to the number of Airdrop Token for each Address, and Gitcoin donors can get 3 points.

Summary

Gitcoin donation is a good on-chain interaction behavior, and there is even a probability of getting high-quality project Airdrops to be small and big.

It is worth noting that the entire hair industry is getting more and more rolled, and so is Gitcoin donations, Airdrop the income is not as good as before, in the past, maybe only donations can be, but now it depends on the amount, donation project, donation round, etc., and it is long "one of the weights" as a project Airdrop.