Technology
As Web3 continues to evolve, a variety of new technologies have emerged in the space, including oracles, Layer 2 solutions, multi-signature wallets, inscriptions, and account abstractions.Understanding and mastering these new technologies will enable participants to better capitalize on industry trends and uncover wealth opportunities.
Artela is an L1 solution that enhances the scalability and efficiency of the EVM by introducing EVM++. EVM++ upgrades the execution layer technology of EVM, integrating the flexibility of EVM with the high-performance features of WASM. It supports not only traditional smart contracts but also allows dynamic addition and execution of high-performance modules on-chain. Through its parallel execution design, Artela ensures that the computational capacity of network nodes can flexibly expand according to demand, ultimately achieving elastic block space. This allows large-scale dApps to request independent block space according to specific needs, meeting the requirements for expanding public block space while ensuring performance and stability for large applications
Node sales have emerged as a popular fundraising mechanism due to their flexibility and appeal to both project developers and investors. This novel token distribution model offers benefits to all parties involved, making it an increasingly attractive choice in the current market. Lumoz, a project dedicated to providing cutting-edge zero-knowledge proof services, is leveraging node sales to support the growth of Rollup networks and deliver powerful computing capabilities for emerging technologies like artificial intelligence. By addressing the high computational costs prevalent in the zero-knowledge computing domain, Lumoz's network utilizes its extensive expertise in ZKP to significantly enhance computational efficiency. This innovative approach tackles the high-cost, low-efficiency challenges faced by Rollup projects and lowers the barriers for general users to participate in the zero-knowledge computing market.
L2 network nodes consist of several parts, with the sequencer being the most critical. However, Rollup sequencers currently face centralization issues. Based Rollup represents a significant shift in Ethereum Layer 2 scaling by delegating Rollup sequencing directly to Layer 1 proposers. Utilizing the proposer-builder separation design, Layer 1 performs all sequencing roles for Rollup. Additionally, it extends MEV, allowing L2 searchers to bundle transactions and send them to L2 builders, who are also L1 searchers. These complete L2 blocks then become part of L1 blocks, ultimately processed by L1 builders and the Ethereum mainnet.
OP_CAT was initially proposed by Satoshi Nakamoto but was disabled in 2010 due to security issues related to unlimited memory usage that could lead to potential denial-of-service attacks. If OP_CAT were to be activated, projects like StarkWare could develop on its basis. StarkWare plans to use OP_CAT to bring zero-knowledge extensions to Bitcoin, enabling advanced financial tools and applications on the network. StarkWare's involvement underscores that the broader ecosystem is ready to leverage the enhanced features introduced by OP_CAT.
Cryptocurrency represents the next stage of this evolution. By utilizing token incentives for expansion, new markets can grow in a more capital-efficient manner. On-chain reputation and history can reduce the costs for any given market operator. Cryptocurrency-based payment methods enable markets to operate seamlessly across borders from the very beginning. All these will not only improve existing markets but also give rise to new markets that can only exist under new cost structures and expansion strategies.
Blockchain technology continues to evolve, yet scalability issues among Layer 1 chains like Bitcoin and Ethereum persist, limiting their widespread adoption. Layer 2 solutions, a series of technologies designed to accelerate transactions and reduce costs without compromising the security and decentralization of leading L1 networks, ermerges. This article introduces the key players in Ethereum's thriving L2 solution ecosystem.
Ethereum’s next major upgrade, Pectra, is scheduled to launch in Q4 2024 or Q1 2025, Pectra combines two previously planned upgrades: Prague (for the execution layer) and Electra (for the consensus layer). With the merger, Pectra aims to bring several ambitious improvements to Ethereum, making it more flexible and optimized than ever before.
As artificial intelligence becomes the mainstream trend in global technological development, its integration with blockchain technology is also seen as a future direction. This trend has led to a growing demand for access to and analysis of historical data. In this context, EWM demonstrates its unique advantages. ChainFeeds researcher 0xNatalie elaborates on the concept, data processing workflow, and use cases of EWM in her article.
Recently, API3 secured $4 million in strategic funding, led by DWF Labs, with participation from several well-known VCs. What makes API3 unique? Could it be the disruptor of traditional oracles? Shisijun provides an in-depth analysis of the working principles of oracles, the tokenomics of the API3 DAO, and the groundbreaking OEV Network.
Data is the key to blockchain technology and the foundation for developing decentralized applications (dApps). While much of the current discussion revolves around data availability: ensuring that every network participant has access to recent transaction data for verification. But there is another equally important aspect that is often overlooked: data accessibility. DFG Official introduces the basic logic and major players of this track in this report.
The optimistic proof system is currently the most prevalent in the Rollup ecosystem, but it remains uncertain whether this dominance will continue in the future. Four Pillars has written an article analyzing and interpreting the current market status of optimistic proofs, the challenges they face, and the potential solutions.
Ethereum's need to scale has led to the development of Layer 2 solutions, with ZK/OP rollups emerging as key players, forming a short-term OP and long-term ZK consensus, highlighting ARB, OP, zkSync, and StarkNet as major contenders. Web3 users prioritize privacy only when it provides economic value. FHE's encryption cost further burdens the already low on-chain efficiency, and large-scale adoption is feasible only when significant benefits justify the cost. For institutional clients needing public blockchains but unwilling to disclose all information, FHE's ability to display and trade ciphertext is more suitable than ZKP.
Render Network uses smart contracts to build a decentralized rendering service ecosystem and utilizes distributed computing resources. This process not only increases rendering efficiency, but also reduces costs, provides high-quality rendering results, and achieves more efficient resources. Utilization enables creators to cost-effectively access GPU resources.
Repost the original title:Render Network: Linking global GPU energy and leading a new revolution in 3D rendering
TON presents a high technical barrier and its DApp development model differs greatly from mainstream blockchain protocols. Web3Mario provides an in-depth analysis of TON’s core design concepts, its infinite sharding mechanism, actor-model-based smart contracts, and fully parallel execution environment.
Ethereum has always been considered one of the most decentralized networks, but the issue of builder centralization is becoming increasingly serious. Crypto KOL 100y explores the progress Flashbots has made in addressing the negative externalities of MEV on Ethereum and examines how SUAVE ultimately aims to solve issues related to MEV, including builder centralization.