Bitcoin
Polyhedra claims open-source ZK proof system is ‘expander’ 2x faster than alternatives
may 2nd: Polyhedron Network launched a open source ZK proof system, Expander, “which can generate proofs nearly 2x faster than alternatives while increasing the security and efficiency of the ZK proofing process,” according to the team: “Expander represents a new era in scaling ZK proof technology and combines classic interactive proofs, establishes the truth of a process and that it can be executed, with advanced polynomial commitment schemes that ensure the proof is accurate and cannot be altered once created. Polyhedra with Google Cloud, where they are collaborating on Polyhedra’s ZK technology for all Google Cloud services via Proof Cloud.” According to a blog post, “Expander can sample 4,500 Keccak-f permutations per second on an Apple M3 Max machine.” Keccak-256 is a “cryptographic hash function standardized by NIST in Secure Hash Algorithm 3 (SHA-3) and is the hash function used by the Ethereum blockchain,” according to the post. The new proof system is based on Polyhedra Libra Rolemain authorship of Polyhedra Co-Founder and CTO Tiancheng Xie.
Co-founder and CTO of Polyhedra Tiancheng Xie (Polyhedra)
Eclipse works with the Neon EVM team to ‘break the EVM-SVM compatibility barrier’
may 2nd: Eclipseone Ethereum Layer 2 Network Powered by Solana Virtual Machine (SVM), said it is the “first to break the EVM-SVM compatibility barrier” with the deployment of Neon Stack, developed by the Neon EVM core team, according to a press release. Neon Stack is “a standardized development stack that makes it easier for SVM-based blockchain networks to achieve EVM compatibility for smart contract developers, which Eclipse will utilize in its SVM L2.”
Layer-2 BOB (Build on Bitcoin) launches mainnet
may 2nd: BOB (built on Bitcoin)a hybrid layer 2 solution that combines features of Bitcoin and Ethereum, has launched its mainnet, according to the team: “Backed by leading crypto investors such as UTXO and CMS Holdings, BOB is increasing the relevance of Bitcoin in the DeFi space , making Bitcoin assets like Ordinals, Runes, and BRC20s accessible to ETH and other Web3 users. With the UX for Bitcoin DeFi still very limited, BOB aims to be the best place to start experimenting with Bitcoin L2.
Blockchain Indexing Project The Graph Announces $1.2 Million ‘Sunrise Upgrade Program’
may 2nd: The Graph Foundationresponsible for the main developers at The Graph Network, announced its Sunrise Upgrade Program, from May 2nd. The community-driven program will help in The Graph’s quest to democratize data through a variety of “missions” that reward participants who complete activities on and off-chain. The Graph Foundation has committed up to 4 million GRT (approximately US$1.2 million as of April 29) to recognize and reward participants for their contributions by completing missions in the program. (GRT)
Nibiru Network Appoints Two to Lead Asia Construction
may 2nd: Nibiru Currenta secure smart contracts platform that simultaneously addresses decentralization, security and scalability, has announced its expansion into the Asia region, naming Yura Nama former head of StarkNet Asiato lead Asia’s growth, and Nicholas Loformer APAC growth manager at Bored Monkey Yacht Club developer Yuga Laboratoriesto oversee business development in Asia.
Resonance, Blockchain Smart-Contract Auditor, Raises $1.5M from Arca, Fabric, Blockchain Founders Fund
may 2nd: Resonanceprovider of blockchain and smart contract audits, announced a $1.5 million pre-seed fundraising from Arca, Fabric and Blockchain Founders Fund, according to the team: “The company’s initial raise will fuel a rapid expansion that has occurred at an exponential rate since launching in March 2023.” Resonance launched V1 in March after “a highly successful beta phase that resulted in engagements with major Web2 and Web3 projects,” according to the project.
Resonance Security Team at Paris Blockchain Week 2024 (Resonance)
Lukso, EVM-Compliant Blockchain for Creative Economy, Launches $1 Million Grant Program
may 2nd: Luksoan EVM-compatible blockchain designed for the new creative economy, announces launch of a new subsidy program designed to cultivate a vibrant ecosystem of user-centric social and creative projects built on Lukso. The first wave of applications for the Lukso Grants Program is supported by US$1 million, which will be followed by subsequent quarterly waves of applications.
Untangled launches private credit pool at Celo backed by institutional-grade assets
may 2nd: Finances untangleda tokenized real world asset Platform (RWA) supported by Fasanara Capital, opened its first private credit pool at Celo (CELLO) network on Thursday with French fintech lender Karmen. The pool, structured in accordance with Luxembourg securitization regulations with an initial debt ceiling of $6 million, allows accredited investors to deposit the USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital for small and medium-sized digital businesses. in France, according to a press release. Institutional asset manager Fasanara Capital and The Credit Collective, a Celo community-led ecosystem development organization, were the first investors in the facility.
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