Talking about the popular sector Layer2, why is the layout of the encryption industry so?

Last week, an English Twitter SPACE with the theme “Looking for opportunities of ZK Rollup (Looking for ZK Rollup opportunities)” attracted widespread attention from overseas cryptocurrency circles.

浅聊热门板块Layer2,加密巨头为何纷纷布局?

The reason why this SPACE has attracted much attention is not only because several high-quality projects in the industry were invited to speak as guests, but the deeper reason is that the continuous development of Layer 2 technology has become an important development direction of blockchain technology, and the encryption giants The successive layout of the industry is also an important trend in the development of the entire industry.

The following are some excerpts compiled and translated by the editor for your reference:

host:

1) What is ZK Rollup? Why are they so important?

For Metas:

Explained in plain language, ZK rollup is like adding a superpower to the blockchain to make it more powerful. It enables faster transactions on the blockchain and reduces the fees required for transactions. You might be wondering why it’s called “zero knowledge”. This is because in ZK rollup, the transaction verification process uses a special technology called “zero-knowledge proof”. This technique can prove that the transaction is valid without revealing any transaction details. You can imagine a kind of magical magic that allows you to ensure the safety of transactions without requiring you to communicate or trust each other.

Unlike current Ethereum transactions that are entirely on-chain, ZK rollup also introduces off-chain functionality. This means that some transactions can be performed off-chain and the results submitted to the blockchain. This combination not only ensures security, but also improves transaction speed.

By using ZK rollup, you can enjoy many benefits. First, it can drastically reduce your transaction fees, making your wallet more cost-effective. Second, it can speed up the confirmation of transactions, and you no longer need to wait for a long time for the transaction to complete. Most importantly, it increases the security level of transactions, allowing you to trade with more confidence.

So, with ZK rollup, you can transact in a more cost-effective, faster and safer way. This is a big step forward for the development and popularization of blockchain, allowing more people to easily participate in it.

OpenLoo:

The full name of ZK is Zero Knowledge (Zero Knowledge Proof), which can prove the authenticity of a data transaction without revealing any other information. This concept is difficult to understand, we use an example to explain, ZK is like a very safe way to open the door without a key.

In Ethereum, Rollup is regarded as a key element of ETH expansion. Rollup’s solution is to move calculations and transactions off-chain and free up more space on Layer 1 to make it more secure and faster. I think Rollup is a really cool scaling solution. It is of great significance to fields such as DeFi, games, and social networking, because the user experience will be upgraded to the Web2 level, and no one will complain that DAPP is too slow or too stupid.

This is Layer2, which solves the problem of slow TPS and high gas cost of Layer1. Currently, mainstream Layer 2 project forms include Optimistic Rollups and ZK Rollups. The famous OP Rollups include Optimism and Arbtrium, and ZK Rollups include zkSync, StarkNet, and Linea.

host:

2) Are there any other projects worthy of participation in the future?

For Metas:

Personally, I have a positive view on projects like ZkSync. In the long run, ZK may become the best scalability technology, especially for some public blockchain projects like StarkNet and ZkSync. They have built a strong and complete ecosystem, providing users with rich functions and choices.

It should be noted that StarkNet is not a “zkEVM”, which means that smart contracts need to be written in Cairo, StarkNet’s own programming language. This makes developers need to adapt to the new programming environment, but also brings them greater flexibility and creativity.

As a participant, I also participate in some projects in these ecosystems. For example, StarkNet provides a variety of games, bringing users a variety of entertainment options; while ZkSync provides users with a wealth of DeFi products to help them realize asset value-added and management.

While there may be room for improvement in the user experience at the moment, I firmly believe that these projects will continue to be refined and optimized over time to bring users a better experience. We are in the early stages of the development of blockchain technology, and the advancement of these projects will bring more opportunities and innovations to the entire industry.

Openloo:

As I said, there are excellent Layer 2 projects such as Arbtrium and zkSync. They are very worthwhile projects. However, I personally highly recommend zkSync, StarkNet, and Linea, three well-known projects. This is because these projects have not yet issued tokens, and we have the opportunity to receive airdrops. In addition, many ecosystem DAPPs have migrated to these Layer 2 networks. I believe that everyone here has deeply realized the greatness of cryptocurrency.

host:

3) Do you have plans to deploy on any Layer2 projects?

For Metas:

certainly! We plan to deploy our platform on various second-layer projects in the future. We deeply understand the importance of scalability and cost-effectiveness in creating a great Web3 gaming experience. Through tight integration with second-layer solutions, we aim to provide users with faster transaction speeds and lower gas fees, thereby bringing them a smoother and cost-effective gaming experience.

Our team is actively exploring various second-layer projects, including ZkSync, Optimism, and StarkNet, among others. Our goal is to find the solution that best fits our platform needs and further enhance the user’s gaming experience. It’s been an exciting journey, and we’re doing our best to assess the strengths and weaknesses of each project, while thinking about potential partnerships to help us achieve our goals.

We are passionate about continuously pursuing innovation and enhancing user value in this ever-evolving field. We believe that by cooperating with excellent second-layer projects, we will be able to provide users with a more attractive and excellent gaming experience while contributing to the development of the entire Web3 ecosystem.

Openloo:

Currently, ZK Rollup is still in a very early stage of the ecosystem. And now is the perfect time for a blockchain team to build a project. Our product is a decentralized tool with on-chain data as its core. We are very optimistic about zk evm technology, so we will show you our strength in ZK WORLD. In the long run, with the further development of zk evm technology, it is believed that ZK will become the best solution for Rollup and the first choice for many blockchain projects.

As a popular section, Layer2 involves rich content and knowledge. If you want to know more, please click “Read the original text” at the bottom left or copy the link ? to your browser to listen to the detailed review of this SPACE event (full English): https://twitter.com/LenaBelleCrypto/status/1676921813186772993

NFT Market Braces for a Potential “CRASH!” – Attention NFT Investors!

The idea of NFTs has become popularized by the expanding metaverse industry and has emerged as the latest market favorite. As a subset of digital art, NFT art offers the digital age a new and varied aesthetic expression. It not only breathes fresh life into a number of established businesses, but also gives artists and innovators a brand-new platform from which to work and earn money. Additionally, it presents a brand-new investment possibility to regular investors.

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However, what I want to highlight today is that there are problems concealed underneath the dazzling NFT industry. Your retained NFTs will lose value as more and more NFT platforms close their doors. The NFT market is currently contracting, and this is a trend.

What makes me say this? It’s critical to remember that despite the NFT market’s rapid growth, there is currently no regulation or standardization in place. The NFT market is threatened by problems like unending energy use, piracy, technological security issues, and legal entanglements. Let me elaborate on each of these problems.

1)Governmental repression and regulatory difficulties

For the NFT market, policies and regulations are of the utmost importance. Prior to now, the Securities and Futures Commission (SFC) in Hong Kong had issued warnings to investors regarding the dangers of NFTs. According to the SFC, NFTs have higher risks than other virtual assets, such as low secondary market liquidity, volatility, opaque pricing, hacking, and fraud.NFTs blur the lines between collectibles and financial assets, according to the SFC. The SFC mandates that NFTs that involve securities be governed and that NFTs that involve fundraising be granted licenses or authorizations by the SFC.

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“I believe the Securities and Exchange Commission (SEC) has provided very little clarity on NFTs, and there are many gray areas,” a U.S. SEC commissioner once said. They continued, “I believe that individuals need to exercise extreme caution in this scenario since there is so much uncertainty. This level of ‘regulation’ is not optimal.” This assertion underscores the skepticism with which regulatory bodies view the NFT sector. After all, there are dangers of financialization and securitization during the issuing and trade of NFTs because of their rarity and the possibility for investment. Some embed financial strategies into the underlying commodities of NFTs, using the NFT as an alias to evade regulation and engage in financial trading activities. For instance, presenting NFTs as financial goods, promoting or incentivizing speculation and trading, serving as an intermediary for financing and investments, using leverage, and other similar activities. Such corporate models will be subject to significant regulatory issues, whether they are domestic or global.

2)Endless Energy Consumption

The effects of NFTs on the ecosystem around the world have been made public by the U.S. Environmental Protection Agency (EPA). The majority of NFT minting platforms use energy-intensive consensus procedures, such as Proof of Work (PoW), which results in high energy usage and carbon emissions, according to an EPA report that was published at the time. A typical illustration of this is the OpenSea platform.

The major energy consumption issue driving the NFT craze has been further confirmed by statistics from foreign sources indicating an NFT platform uses almost 421 kWh in a week, which is equal to the electricity usage of an EU resident for 1.5 months.

3)Rampant Infringement and Proliferation of Knock-offs

The contemporary NFT trading market for digital collectibles has grown massively. In China alone, there are at least hundreds of NFT trading platforms, not to mention the scenario elsewhere. Data can be used to verify the trading volumes of prominent platforms. Plagiarism is a problem in NFT digital collectibles on such a wide scale.

When it comes to NFTs, copyright and replica issues are very important. Many followers have shown that the majority of NFT works released on multiple platforms are made by making secondary changes to works from other platforms, and some works are even explicitly “copied and pasted,” which presenting serious copyright problems.

4)Technological Risks

Blockchain technology’s vulnerabilities originate from its immaturity and the architecture of blockchain processes and which are inextricably linked to the security of NFT transactions.

On the one hand, smart contracts, the essential technological foundation of NFTs, contain security flaws due to flawed program architectures. NFT encryption technology and storage keys, on the other hand, are vulnerable to viral attacks.

Blockchain’s intrinsic technological vulnerabilities pose hidden threats for NFT trading activity. Furthermore, the potential of privacy data leakage, such as identification information and transaction details, grows throughout the whole NFT bidding and trading process. If any leakage happens during the passage of NFTs, the security of participants’ assets may be jeopardized.

As far as we know, several NFT platforms in the market have never publicly revealed their contract audit information, implying that their underlying contracts have not been subjected to security audits. This suggests high asset risk as well as the possibility of covert operations.

In conclusion, according to the research presented above, many risk considerations exist behind the allure of NFTs, with regulatory impact being especially relevant. Remember the recent regulatory crackdown in the cryptocurrency business, when key exchanges Coinbase and Binance were sued by the SEC? Regulatory actions can occur at any time, and the current mixed bag of the NFT market could be the next target. When this occurs, the glittering bubble of NFTs will inevitably break.

Therefore, what is the future of the NFT market? The only way to know is to wait and see.

NFT Market on the Brink of a Sudden Halt: What’s Next for Leading Player REVA?

The idea of NFTs has just come to the forefront of public consciousness, propelling it to the position of market favourite thanks to the meteoric rise in popularity of the metaverse market. NFT art, which is a subgenre of digital art, has given rise to a new artistic practice that is rich in variety in this age of technology. Not only does it resuscitate a large number of historic sectors, but it also gives artists and producers a new outlet for their work and an additional source of revenue. In addition to this, it opens up a completely fresh investment opportunity for regular investors.

When we talk about non-fungible tokens (NFTs), it’s impossible not to think of REVA. In 2022, REVA disrupted the standard NFT trading paradigm and transformed the market with its unique collateralized lending method. This allowed REVA to address a variety of pain issues while also providing reliable profits for investors. Around the course of an astonishingly brief amount of time, it amassed more than 6 million members all around the world, solidifying its position as the market leader.

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But today, what I want to say is that behind the glamorous NFT market, there are hidden risks to some extent, and which will lead more and more NFT platforms’ collapse in the future, and the NFTs you hold will only depreciate further. In other words, the decline of the NFT market has become a trend. Why do I say this? Well, the development of the NFT market has been rapid, but it currently lacks adequate regulation and standardization. Issues such as endless energy consumption behind NFTs, piracy, technological security, financial risks, and legal risks have always loomed over the NFT market like the sword of Damocles. Let’s take the example of the REVA platform to delve into this further.

1) Endless Energy Consumption

The Environmental Protection Agency (EPA) of the United States has made public information regarding the effect that NFTs have on the environment in general. The majority of non-fungible token minting platforms use energy-intensive consensus processes, such as Proof of Work (PoW), according to the EPA report that was published, which results in significant amounts of energy consumption and carbon emissions. In this way, the REVA’s case has surely proved the existence of harsh energy efficiency problems behind the scene of NFT booming.

2) Infringement, Piracy, and Proliferation of Copyrights

With hundreds of NFT trading platforms in China and countless more across the world, the digital collectibles NFT trading business is booming. Leading platforms’ transaction volumes are easily available and the problem of NFT plagiarism is becoming more widespread inside such a large context.

Take a closer look, the issues with copyright piracy and counterfeiting on the REVA platform are significant. A large number of REVA users and fans have revealed behind-the-scenes evidence suggesting that the vast majority of NFT artworks released on the REVA platform are based on secondary alterations of works originally released on other platforms. To be clear, there are serious copyright issues with the direct copying and pasting of some artworks on the market.

3) Technological Risks

The risks associated with blockchain technology stem from its immature state and the design of blockchain mechanisms, which are inextricably linked to the security of NFT transactions.

On the one hand, smart contracts, which serve as the foundational technology for NFTs, contain security flaws due to flawed program architectures. NFT encryption method and storage keys, on the other hand, are vulnerable to virus intrusion.

These inherent technical flaws in blockchain provide additional hazards for NFT trading activity. Furthermore, the risks of privacy data leaks, such as diverse identification and transaction information, continuously increase during the entire process of NFT bidding and transactions. If a leakage occurrence occurs during the flow of NFTs, the security of participants’ assets may be jeopardized.

According to current research, REVA has never officially revealed any contract audit information, implying that its underlying contracts have not been subjected to security audits. This indicates tremendous asset risk as well as the possibility of covert operations.

4) Financial Hazards

Risks such as financialization and securitization tendencies frequently occur throughout the process of NFT issuance and trade due to the scarcity of NFTs and the potential for investment possibilities. Some include financial techniques into the underlying commodities of NFTs, allowing them to avoid rules and participate in financial transactions while utilizing the NFT designation. For example, packaging NFTs as financial products, and encouraging speculative trading; financing and leveraged operations. REVA’s present model is a classic example, integrating financial management with the concept of NFTs to attract investors with high-yielding promises. In fact, many people are still unaware that this business strategy is subject to considerable regulatory hazards.

According to the evidence provided above, several risk factors exist beneath the glitzy veneer of NFTs, with regulatory impact being especially prominent. Remember the recent regulatory crackdown in the cryptocurrency space, when key exchanges like Coinbase and Binance were sued by regulatory organizations like the SEC? Regulatory actions could occur at any time, and the current mixed NFT market could be the next target. When this occurs, the glittering NFT bubble will inevitably explode.

We can only speculate on how REVA will respond.

Reva Link: Unleashing Web3’s Power at Your Fingertips!

On the surface, blockchain appears to be a booming and wealthy scene. However, behind the scenes, the crypto realm is like experiencing both the warmth and the chill of the planet in a same day. It is a common saying in the cryptocurrency community that one day spent there seems like 10 years spent elsewhere, and it is always believed and hold by us. There are often sudden and major price fluctuations on the cryptocurrency market, and it is impossible to predict what will take place in the next second. Before investing in cryptocurrencies, you might be a typical member of society; yet, after just a few time spent participating in the cryptocurrency community, you might transform into a remarkable individual. The pull of the ever-shifting scenery cannot be avoided; it is just impossible to resist.

Within this domain of chaos, you will be confronted with an overwhelming number of initiatives, each of which will test your capacity to differentiate between positive and negative outcomes. But are you really capable of accomplishing it? Imagine a project that establishes an environment where you can just deposit your digital assets and watch your money rise without worrying about numerous concerns. This would be an ideal situation. A work of this calibre is deserving of more than simple acclaim; it is more aptly described as “a diamond in the rough” or “a rare encounter.” As a prime illustration of this incredible idea, we are thrilled to unveil Reva Link, also known as the “unicorn” of Web3.0 wallets.

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Wallets for cryptocurrencies have always served as an essential gateway and piece of infrastructure in the cryptocurrency and Web 3 sectors. Wallets have surpassed exchanges to become the most important industrial application in the Crypto and Web3 sectors, thanks to the fruitful development of DeFi, NFTs, Gamefi, and other DApps. This has caused wallets to become the industry standard. The current wallets and cross-chain infrastructure, on the other hand, have become barriers that hinder future development of Web3 industry applications. For example, the user experience, interactivity, cross-chain capabilities, and NFT characteristics of MetaMask are comparable to those seen in Windows 95. This limitation, on the other hand, will be entirely revolutionised by the introduction of Reva Link’s multi-chain wallet, which will also open up new opportunities for the Web3 ecosystem.

What exactly is Reva Link?

Reva Link (http://wallet.revaweb3.world) is a feature-rich Web3 wallet that was developed by the Reva platform after years of research and development. It combines both hot and cold technologies. What’s more, it is not only a cryptocurrency wallet; rather, it functions more like a management platform that assists in the expansion of your assets. In addition to the fundamental service of safely keeping digital assets, Reva Link also provides monetary services such as multi-chain asset storage, exchange, and wealth management. This complements the company’s core offering of safe storage of digital assets. It guarantees that the entire procedure is open, decentralized, and transparent so that a broad range of services can be provided.

The Bridge from Web2 to Web3

The REVA LINK multi-chain wallet is not only a tool for asset management, but it also offers extensive Web3 data services, which helps bridge the gap between Web2 and Web3. REVA LINK provides scalable, simple, and automated data service support for NFTs, DeFi, and other Web3 applications. This support is made possible through distributed data storage and DAO data governance. REVA LINK gives customers access to comprehensive solutions, allowing them to effortlessly engage in the Web3 economy and accomplish value sharing. These solutions can be used for storing data or conducting transactions.

DAO Empowered by DAO, Governing and Sharing in the Trillion-dollar Web3 Market

REVA LINK is committed to DAO governance and has the goal of achieving governance and sharing in the Web3 industry, which is estimated to be worth one trillion dollars. The REVA LINK wallet encourages users to work together to construct the Web3 ecosystem, which in turn promotes the growth and prosperity of communities. It also gives users access to chances for involvement that are open and honest, allowing them to partake in the successes of a market that is worth one trillion dollars.

When it comes to a financial product, safety is of the utmost significance. It handles a variety of challenges, such as phishing, sniffing, DDOS assaults, and occurrences of private key theft, which can lead to data breaches for users and the loss of assets. Reva Link is committed to giving its customers the safest and most reliable option for storing and encrypting cryptocurrency possible. To conduct transactions using Reva Link, users need merely to maintain their smartphones, usernames, and passwords. This is made possible by the use of hierarchical deterministic technology and the utilisation of the BIP39 standard. In addition, Reva Link has added self-developed protection mechanisms for the wallet creation process. These procedures ensure that the wallet will remain offline and disconnected from the internet at all times. There is no reason to be concerned about the prospect of decryption occurring, even in the case that the information is stolen.

On the other hand, when it comes to the options available for investments, various investors have varied investment requirements and levels of risk tolerance. The platform will provide investment products that are categorised by their respective levels of risk. The potential for greater rewards at higher risk levels comes hand in hand with an increasing likelihood of loss. On the other hand, taking on less risk may result in somewhat lower profits, but it also exposes you to less risk overall. These products give investors the ability to select from a variety of options and zero in on the one that meets their needs and preferences the most.

Reva Link uses multi-level automatic risk management, which is an aspect of risk management that is implemented. The platform integrates various levels of automatic risk management, such as risk value limitations and alerts, active risk management plan execution, relevant analysis, stress testing, performance tracking, and other risk management indicators, in order to better protect the interests of investors. These can be configured to operate at a variety of control levels to guarantee that risk prediction is consistent.

In the not too distant future, the wallet will be the location where users will access and execute all of the crucial transaction services that are required by Web3. REVA LINK, which is the industry standard for Web3 wallets, acts as the entry point to the trillion-dollar Web3 market. By bringing together a wide variety of application ecosystems, REVA LINK transforms into the essential platform for users to transition into the Web3 world. This platform gives users access to a comprehensive set of capabilities as well as an infinite number of options. Aren’t you excited about the bright future that REVA LINK is going to bring us all together?

Let us embrace the Web3 world by having it at your fingertips with the Reva Link wallet.

Details: How does Polygon ZKP implement Zero-knowledge proof (ZKP) to improve users’ privacy?

With the rise of information capitalism, it is particularly important to find solutions that can ensure user information privacy and security. The increasing popularity of free internet applications used by billions of people worldwide has led to the majority of user information and data being controlled by large technology companies, often leading to the abuse of user privacy. Blockchain technologies such as Ethereum were created to return control to users, who also own user data. However, apart from pseudo anonymity, it does not have many methods to protect user privacy.

For example, if a user purchases something from someone using their wallet address, then their wallet address is now known to that person, and they will know what the user has done in the past and future, including what else they have bought or how much money they have bought, creating a real privacy issue for real-world purchases.

In order to solve this problem, Ethereum and various protocols are seeking to implement Zero-knowledge proof (ZKP) to improve users’ privacy. And Polygon zkEVM has emerged in the current trend of the times!

What is Zero-knowledge proof (ZKP)?

Zero-knowledge proof allows users to prove that they know or have information without disclosing information. The “prover” will use the information input from a certain system to create a proof, while the “verifier” will verify the calculation results of the proof, but cannot know the specific content of the information. Most importantly, Zero-knowledge proof can verify the validity of a data set and protect data privacy at the same time.

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Why use Zero-knowledge proof technology to build a network?

Zero knowledge technology allows developers to not only take advantage of the security of underlying blockchains such as Ethereum, but also improve the transaction throughput and speed for dApp, and at the same time put users’ personal information down the chain to protect users’ privacy. The transaction will be packaged and uploaded onto the chain to reduce the usage cost for end users. Ultimately, the project can leverage these features to create advanced dApps that not only compete with Web2 systems in performance, but also maintain the advantages of Web3 decentralization.

What is Polygon zkEVM?

Polygon zkEVM is a decentralized Ethereum layer 2 scalability solution, which uses encryption Zero-knowledge proof to provide effectiveness and fast termination for off chain transaction computing (also known as ZK Rollup).

ZK Rollup transparently executes the smart contract by issuing zero knowledge validity proof, while maintaining the opcode compatibility with Ethereum virtual machine.

Since Ethereum is subject to the Trilemma of DLT (distributed ledger technology), it cannot expand beyond its transaction threshold without sacrificing decentralization or security. This is where Polygon zkEVM comes into play.

Polygon zkEVM is a virtual machine, which aims to simulate Ethereum virtual machine (EVM) by re creating all existing EVM operation codes, transparently deploy existing Ethereum smart contracts, and exponentially improve Ethereum scalability and trading volume per second (TPS).

In order to prove the correctness of off chain computing, Polygon zkEVM uses verifiable Zero-knowledge proof as the validity proof. Although the second layer of Zero-knowledge proof provides verification and finality for off chain transactions based on complex polynomial calculation, the validity proof is fast and easy to verify.

As a state machine, zkEVM executes state changes from the execution of the Ethereum Layer 2 transaction sent to the network by the user, and then generates a validity certificate to prove the correctness of the state change calculation executed under the chain.

Although adopting this revolutionary design method was a difficult decision, the goal was to minimize friction between users and developers when using the solution. This is a way to recreate all EVM opcodes to transparently deploy existing Ethereum smart contracts.

ZKP Partner

Polygon zkEVM is a new technology and the first zero knowledge extension solution equivalent to EVM, where existing smart contracts, developer tools, and wallets can work seamlessly. Polygon zkEVM uses Zero-knowledge proof to reduce transaction costs and improve throughput, while inheriting the security of Ethereum.

The transactions in the zkEVM network (L2) are compiled into batches, and then these batches are sorted in the Ethereum smart contract. Then their state transitions are proved and verified on Ethereum, reaching a trusted state.

ZkEVM has multiple operation layers:

Network layer: The place where Sequencers and Aggregators run.

ROM layer: zkEVM uses a new language called zkASM to implement EVM, making EVM state transactions provable.

Hardware layer: zkEVM uses a new language called PIL to create polynomial identities and constraints to ensure the integrity and good execution of zkASM ROM.

L1 Ethereum smart contract: bridge assets between networks and implement PoE (efficiency proof) consensus to ensure correct state transition of batches.

During the security review, the Hexens team covered the most critical attack areas, including smart contracts, PIL hardware, and unexpected differences between zkASM ROMs, EVMs, and zkEVMs.

Due to its complexity and composability, censorship requires extensive professional knowledge and thinking in different fields of cybersecurity. The final conclusion is that overall security and code quality are at a high level.

Why deploy ZKP on the Coin Security Chain?

Polygon zkEVM is the first zero knowledge expansion solution compatible with Ethereum virtual machines, integrating smart contracts and developer tools. As a Layer 2 protocol, Polygon is faster and more scalable than Ethereum; However, the introduction of zkEVM functionality will definitely make it more scalable.

The launch of zkEVM tool is an important milestone, which will definitely promote Polygon to take the lead in the competition of the top tier 2 protocol of Ethereum blockchain. From Optimism to Arbitrum, and more recently to Cobarium and Base of Coinbase Exchange, Polygon will now become the first L2 to launch zkEVM tools in encrypted systems.

Relatively, zkEVM has not yet achieved sufficient development on the coin security chain, and the market is relatively empty. At the same time, the development of ZKP requires users to continuously trade to verify its effectiveness and stability, so the Polygon team deployed ZKP on the top of Coin Security Chain, aiming to fill the temporary shortcomings of Coin Security Chain in zkEVM.

summarize

The combination of Zero-knowledge proof with the underlying blockchain and decentralized network is bound to promote the transformation of the blockchain industry. Polygon zkEVM will develop applications with high scalability and cost-effectiveness, while protecting user privacy. With the continuous development of the blockchain industry, Polygon zkEVM is bound to gain the favor of more individual users and enterprises.

Explore UDEX: a decentralized trading platform led by innovation

Explore UDEX: a decentralized trading platform led by innovation

In recent years, the cryptocurrency market has been booming and its market value has continued to grow, attracting a large number of investors and traders. According to the transaction data of Binance, the largest centralized exchange (CEX), derivatives transactions account for about 15% of the entire trading market , while on decentralized exchanges (DEXs), derivatives transactions accounted for only 3%. This shows that the decentralized derivatives market has huge growth potential. The lack of low fees, deep liquidity, and high leverage trading platforms has been a limiting factor in the decentralized space.

At the same time, with the collapse of FTX and the anticipation of regulators’ regulation of centralized exchanges (such as Binance most recently) looming, traders are starting to realize the disadvantages of traditional centralized exchanges. The migration of trading activities from CeFi to DeFi has gradually become a trend.

UDEX: Multi-chain DEX that supports launchpad

UDEX is a decentralized spot and derivatives exchange that supports multiple chains. Its main functions include spot, contract trading, Launchpad, etc. UDEX supports zero-slippage transactions to ensure users’ convenient trading experience. The Launchpad function of UDEX provides opportunities for high-quality projects to display and raise funds. We strictly screen and select only potential and feasible projects to go online to ensure that investors can participate in high-quality projects. Through Launchpad, investors can obtain tokens of popular projects in advance and enjoy the value growth brought about by the success of the project.

The advantages of UDEX’s product function 

1. Spot and contract transactions with low rate

The platform supports spot transactions of multiple currency pairs on the ETH chain. The initial trading pairs include UA-USDT, ETH-USDT, etc. The spot transaction fee is lower than the market average, and the transaction fee is used to repurchase the platform currency UA.

2. Targets the customers who prefers high leverage

UDEX provides 150X high leverage options to meet the needs of users with strong risk tolerance and expand market share. Through contract trading, users can flexibly respond to market fluctuations, seize more investment opportunities and risk management.

3. Innovative liquidity LP provides

The liquidity provider deposits its assets in the liquidity pool, obtains the LP certificate of the liquidity transaction, enjoys being the counterparty of the trader, and shares the counterparty income provided by the liquidity with the platform. In addition to obtaining LP certificates when staking LP, users will also obtain treasury compensation certificates, which can be used to obtain treasury compensation guarantees.

4. Treasury Insurance Payment Mechanism

In terms of transaction innovation, UDEX introduced the treasury insurance mechanism as a system to provide users with insurance compensation to deal with potential risks and losses. This mechanism establishes a treasury insurance pool dedicated to compensating users for losses suffered during transactions.

Comparison of products of the same type

Platform

UDEX

dYdX

GMX

gTrade

Level

Kwenta

Fees

0.1%

0.26%

0.5%

0.2%

0.7%

1.3%

Leverage

150X

25X

50X

150X

50X

50X

2023 Q1

Trading volume

/

$112.56B

$22.1B

$11.47B

$6.8B

$3.05B

2023 Q1

Total Fees

/

$54.9M

$41.9M

$8.59M

$7.76M

$4M

Through powerful trading functions, pledge mechanism and treasury insurance mechanism, UDEX provides users with a comprehensive trading experience and risk management tools. Through high leverage and treasury insurance mechanism to quickly capture risk-appetizing and risk-sensitive users, UDEX stands out in DeFi and quickly gains market share. In the future, UDEX will continue to improve the performance and security of the trading system, and introduce more innovative functions and tools to meet the diverse trading needs of users.

AIVOS: Opening a New Era of Enterprise Digital Transformation

With the acceleration of global digital transformation, enterprises are facing unprecedented challenges and opportunities. At this critical moment, the emergence of AIVOS provides enterprises with a new way to lead digital transformation. As a leader and innovator in the digital transformation of enterprises, AIVOS provides enterprises with safe, efficient and credible digital solutions through decentralized protocols, smart contracts, scalability and rich application scenarios.

AIVOS (Artificial Intelligence Value Operating System) is an open platform based on blockchain technology, which aims to promote enterprises into the digital age. It provides a decentralized protocol that brings endless possibilities and huge potential to businesses. The core idea of AIVOS is to transform the traditional centralized trust architecture into a decentralized trust and value delivery method based on blockchain technology, so as to achieve the goals of safety, efficiency and collaboration.

AIVOS’s blockchain technology plays a role in many industries and fields such as finance, supply chain management, Internet of Things, and intellectual property protection. In the financial field, AIVOS can support fast, safe, and low-cost cross-border payment and clearing; in the field of supply chain management, AIVOS can realize the transparency and traceability of the supply chain, and improve the overall efficiency; in the field of Internet of Things, AIVOS can realize Trusted interoperability and data sharing between devices; in the field of intellectual property protection, AIVOS can ensure the copyright and traceability of digital content.

The value and advantages of AIVOS are reflected in the following aspects. The first is security. AIVOS utilizes the decentralization and encryption features of blockchain technology to protect the security and privacy of corporate data and prevent hacker attacks and data leakage. The second is smart contracts. The smart contract function of AIVOS realizes automated and transparent transaction processes, reduces human errors and delays, and provides transparency and traceability of transactions. The third is scalability. AIVOS is highly scalable and can cope with growing business needs and data scale, ensuring system stability and performance. Finally, there are rich application scenarios. AIVOS has a wide range of application scenarios in finance, supply chain management, Internet of Things, intellectual property protection and other fields, providing enterprises with a variety of solutions.

With the continuous advancement of global digital transformation, AIVOS has broad development prospects in the future. First of all, AIVOS will continue to promote the innovation and application of blockchain technology, provide enterprises with more secure, efficient and credible digital solutions, and help enterprises achieve sustainable growth and success. Secondly, the rich application scenarios of AIVOS will attract more industries and enterprises to join, forming a larger user group and market size. In addition, AIVOS will also integrate with other emerging technologies such as artificial intelligence and the Internet of Things to create more innovation and business opportunities.

As an innovative project leading digital transformation, AIVOS has attracted strategic investments from many well-known foundations and companies. These investors not only invest funds, but also bring more technical and business support to AIVOS, and jointly promote the development and influence of AIVOS in the market. Investors of AIVOS include Bank International Malaysia, Government of Singapore Investment Corporation, top unicorn funds, First Financial Holdings, Charles Schwab Investments, Bank of Southeast Asia, Indonesia Trust Fund, Alipay Indonesia, etc. The support of these investors provides strong financial and resource support for the development of AIVOS, enabling AIVOS to continuously expand its capabilities in technology research and development, marketing and global expansion.

In addition, AIVOS is also actively establishing strategic partnerships with industry partners such as financial institutions, technology companies, supply chain management companies, and government agencies to jointly accelerate the process of digital transformation. Through these collaborations, AIVOS is able to co-develop innovative solutions that address industry challenges and advance the digital economy.

As a leader in the digital transformation of enterprises, AIVOS is opening a new era for enterprises to enter the digital age. With the help of decentralized protocols, smart contracts and rich application scenarios based on blockchain technology, AIVOS provides enterprises with safe, efficient and credible digital solutions. Its unique advantages lie in security, smart contracts, scalability and a wide range of application scenarios, making it an ideal choice for enterprises.

In the future, AIVOS will continue to promote the innovation and application of blockchain technology, and cooperate with industry partners to achieve broader development prospects. Investor support provides AIVOS with funding and resources to grow rapidly and impact the future of the digital economy. At the same time, AIVOS will continue to promote the innovation and application of blockchain technology to meet growing business needs and explore new application scenarios with partners. This spirit of cooperation and sharing will further consolidate AIVOS’ leadership in the digital economy and provide enterprises with more comprehensive and excellent digital solutions. In short, AIVOS, as a new era of digital transformation for enterprises, provides enterprises with safe, efficient and credible digital solutions with its decentralized protocols, smart contracts and rich application scenarios. It will continue to promote the innovation and application of blockchain technology, attract more industry participants, and integrate with other emerging technologies to create more innovation and business opportunities.

AIVOS has received strategic investment from many well-known foundations and companies, which provides strong financial and resource support for its development. By establishing strategic partnerships with industry partners, AIVOS will accelerate the process of digital transformation and promote the development of the digital economy. AIVOS is leading enterprises into a new era of the digital age, showing broad development prospects, and providing assistance for the success and sustainable growth of enterprises.

Meta Media: A Web3 application that allows users to control data and value independently

With the development of Web3, decentralized applications (DApps), decentralized identity and digital identity, decentralized finance (DeFi), and decentralized storage and computing are attracting more and more attention. In this context of macro trends, Meta Media will be committed to promoting the development of decentralized applications, making Web3 applications no longer controlled by centralized entities, but driven by smart contracts and blockchain technology, providing users with more privacy and security protection, and providing participants with more innovation and creative space.

Meta Media is based on the concept of Web 3.0, aiming to achieve a more open, transparent and user-centric internet experience. Meta Media, as a knowledge sharing and communication platform, will play an important role in the development of Web3.

Meta Media strives to create a decentralized knowledge sharing platform. In Web3, the ownership and control of knowledge can be more equally distributed to users, rather than concentrated in a few centralized institutions or platforms. Meta Media can use blockchain technology to ensure the traceability of the source and contributors of knowledge, the verifiability of the content, and thus improve the credibility and reliability of knowledge.

Secondly, Meta Media is also a decentralized social platform. Here, users can more autonomously manage and control their personal data and social relationships. Through decentralized identity verification, users’ privacy and data security are effectively protected, while allowing users to freely choose to establish contact and knowledge sharing with other users.

Meta Media is also a decentralized content creation and distribution platform. Content creators can get more fair returns for the value they create, rather than being monopolized by the platform. Through the open, transparent, automatic execution, secure and trustworthy features of smart contracts, direct interaction and value exchange between content creators and users are realized, thereby encouraging more people to participate in knowledge sharing and creation.

Platform creators participate in platform profit rewards through the POS mechanism, and other participants (sharing, liking, commenting, etc.) accumulate workload to obtain platform rewards through the POW mechanism.

Meta Media can solve the problems of knowledge sharing, social relationships, personal data security and content creation autonomy through blockchain technology under the Web3 trend. It can provide users with a more open, transparent and autonomous internet experience, allowing users to freely access and share knowledge, and automatically obtain rewards generated by content creation, communication and interaction.

Meta Media builds a more decentralized direction of development where users have control over their data and digital assets. It will provide users with more privacy and security protection, and provide developers with a more complete innovation space.

 

To build a global ecosystem together, the global recruitment plan for KOL nodes of XTM Exchange under Conscious is launched!

The recently popular XTM exchange officially launched a global recruitment plan for KOL nodes, which will be officially launched at 8:00 pm on June 20 (UTC+8). Applying to become an XTM KOL node can enjoy the exclusive rights and interests of the platform KOL, deeply participate in the governance of the XTM platform, and obtain a number of dividend income at the same time.

XTM KOL node recruitment plan hot start

XTM firmly believes that the community is an important force in the blockchain wave, and officially launched a global recruitment plan for KOL nodes, inviting partners who love blockchain, have rich industry resources, and excellent and powerful community owners to join XTM. Partners and platforms are welcome to jointly build a highly autonomous blockchain community ecosystem and share the development dividends of the platform.
XTM KOL nodes are divided into three categories: global KOL nodes, regional KOL nodes, and community KOL nodes. Become an XTM KOL node to enjoy platform risk mining dividend rewards and risk-free mining insurance premiums and other benefits.
The XTM KOL recruitment plan will be officially launched at 8:00 p.m. on June 20. Go to the XTM official website: www.xtm.xyz or join the XTM official telegram community to learn more about KOL level application requirements, community subscription benefits, KOL exclusive rights, and KOL global After the dividend plan and invitation rules, users can choose whether to participate in the application of XTM KOL according to their own needs.

 

Conscious’ heavy encryption ecology, one-stop encrypted financial service platform XTM

XTM Exchange is a heavy encrypted financial ecology under the Conscious Network. XTM Exchange was officially launched at the end of May this year, and XTM DeFi was also officially launched in June. Centralization combined with a decentralized financial ecology aims to provide users with a one-stop encrypted financial service platform with a low threshold to meet the needs of community development.
In the Twitter Space live broadcast on June 18, Conscious Network Founder Neo Wang said: Conscious Network, as the world’s first consciousness governance public chain, aims to ensure the continuation of consciousness and lead human civilization with human consciousness. Conscious is a public chain that combines Layer 1 and Layer 2. The main direction in the future is artificial intelligence AI. At present, the XTM heavy ecology has been launched, including XTM Trust, the world’s first Web 3 trust asset management platform, and two trading platforms, XTM Exchange and XTM DeFi.
In the future, the assets of XTM Exchange will be managed by XTM Trust in compliance with the regulations, providing users with safe and transparent financial guarantee services, and at the same time committed to expanding more types of asset management services for users.
This year, favorable policies for the encryption industry in Hong Kong have been continuously released, and Conscious Network has also accelerated its deployment in Hong Kong. According to Neo, the Hong Kong operation center is officially under renovation, and its address is located in Causeway Bay, Hong Kong. As Hong Kong is currently the most popular area of ​​Web3, the construction of the Hong Kong operation center is also to better radiate East Asia and expand the global ecological territory.

The industry has experienced the FTX thunderstorm incident. At present, the North American SEC regulatory conflicts continue. The eyes of the blockchain world are gradually shifting from the West to Asia. Everyone is looking for a star project with a complete ecology. The underlying support of Conscious Network, the support of a large number of community users of ConsciousDAO, and the one-stop encrypted financial platform of XTM coincide with everyone’s needs.
XTM KOL node recruitment is officially open, whether you are a social media influencer, blockchain community leader, blockchain industry opinion leader, industry media, or original content producer, boldly participate, the next KOL is you! Build a global ecology together and explore infinite possibilities!

XTM CEX Website: www.xtm.xyz
XTM DEX Website: www.defi.xtm.xyz
Official Twitter DEX: twitter.com/xtm_dex
Discord: discord.gg/6rDWESZE
TG Channel: t.me/xtm_exchange
TG group: t.me/xtm_exchange1

BITMAKE Exchange Takes Center Stage at EDCON 2023’s [Plan B] Side Event

One of the largest Ethereum developer conferences in the world, EDCON 2023, was held on May 19th in Podgorica, the capital of Montenegro. The conference covered a wide range of topics, including blockchain regulation, network status, decentralized governance, Layer 2 solutions, and decentralized social content. In addition, several well-known projects organized various types of side events to discuss the latest information and narrative hotspots in the industry.

On May 21st, Move Accelerator and DODO hosted the offline event ‘Plan B,’ co-hosted by BitMake, Vmeta3, MIXMARVEL, INCEPTION, and ODYSSEY DAO, which was successfully held in Montenegro. Leading organizations in the industry and hundreds of Web3 Builders from different projects gathered together to explore industry trends and hot topics.

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BitMake is a comprehensive cryptocurrency exchange platform that launched in July 2022. It provides professional futures and spot trading services, as well as a unique feature of cryptocurrency lending with a unified trading account. During the event, BitMake presented a keynote speech titled “Crossing of Web3 and CEX – From Parasitism to Mutualism.” The speech discussed the reasons for the choices made by DEX traders and CEX traders, and explored the relationship between CEX and DEX in today’s ecosystem. It also highlighted how BitMake addresses the conflicts between the two and explores more collaborative relationships between them, aiming to become a platform that users are willing to explore.

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As a conference sponsor, BITMAKE is committed to supporting the growth and development of the blockchain ecosystem. With its extensive experience and expertise in blockchain solutions, BITMAKE aims to contribute to the discussions and exchange of ideas that shape the future of the industry.

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BITMAKE’s Global Head of Cyber Security [ROY] expressed, “We are delighted to be involved as sponsors and keynote speakers at the conference in Montenegro. This event provides us with an excellent platform to engage with like-minded professionals and industry pioneers, share insights, and explore collaborations that promote the adoption and development of blockchain technology.”

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As an emerging leader in blockchain solutions, BITMAKE is dedicated to harnessing the power of distributed ledger technology to drive innovation and create sustainable value for its customers and partners. Through its participation in conferences, BITMAKE aims to foster collaboration, share knowledge, and contribute to the ongoing development of the blockchain industry.

About BITMAKE:

BitMake is a cryptocurrency exchange platform founded in Dubai in 2021. The team consists of members with backgrounds in the financial industry and leading international internet companies. In 2022, BitMake officially launched its trading platform, offering professional services such as perpetual contract trading, spot trading, and lending. Its user base spans over 30 countries and regions worldwide.

BitMake adopts an industry-leading technology architecture with self-owned intellectual property to safeguard users’ digital assets and critical information. With a unified trading account, BitMake has created a platform that provides professional trading services with low entry barriers, earning acclaim from professional traders and investment institutions for its security and trading experience.

Furthermore, BitMake has obtained MSB licenses in countries such as Canada and the United States, and it is actively accelerating its global expansion.

For more up-to-date information about BitMake, please visit our website or contact marketing@bitmake.com.