“The DeversiFi decentralized exchange, or DEX, relaunched as DeversiFi 2.0 on June 3, incorporating Starkware’s zkSTARK layer-2 scaling technology. This new platform will be able to process over 9,000 transactions per second, while maintaining privacy, liquidity and low fees in a non-custodial solution.
Starkware’s layer-2 solution utilizes Zero Knowledge Proof, or ZKP, technology to bring scalability to non-custodial trading. This consumes a small fraction of the Ethereum blockchain resources that standard on-chain processing would require.
Commercial grade Defi needs robust cryptography and zkSTARKs are fastest in class, post-quantum safe and can easily scale to tens of thousands of transactions per second with no trusted setup … We are excited to see traders embracing self-custodial trading without sacrificing liquidity or speed.”
“Vodafone SIM technology and Energy Web’s blockchain-based Decentralized Operating System [will be used] as a communications backbone for the so-called edge devices that crowd power grids in the hundreds of millions.
Grids now feature solar panels and electric cars and wind turbines and heat pumps that could all carry SIM cards. They could then also carry proof of identity to the grid operators via public private keys.
The SIM’s private key infrastructure allows devices to sign transactions on the Energy Web blockchain, all while remaining secure. In the long run, this could lead to the creation of “a new digital energy marketplace” powered by blockchain.”
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“MVIS outlined that the new rate aggregates BTC transaction prices on the top five trading venues included in CryptoCompare’s Exchange Benchmark and disseminates each hour.
Licensed crypto bank SEBA will be using the new rate to launch further products for the digital assets market.
It is essential for derivatives on cryptocurrencies to have a representative reference rate which is robust against market distortions and manipulations.”
“ConsenSys has helped the North American Collegiate League launch a blockchain-based platform for its Esports tournaments. Their goal is to automate match reporting and make player payments faster.
NACL has already conducted a Fortnite tournament using the platform, paying the winner in DAI.
You can even program revenue sharing into the smart contract among the teams, players, and game developers with bonus payments triggering based on achieving certain viewership or social media metrics.”
“Developers are exploring replacing [HTLCs] with Point Timelock Contracts (otherwise known as “payment points” or PTLCs).
One problem with HTLCs is that all intermediaries in the path get the same hash, which can be a problem from a privacy point of view. PTLC, on the other hand, can add a “random tweak” at each hop, Kohen said, making it harder to tell that they are part of the same payment path.
[Also,] useful information can be stored in a PTLC, making it a possible tool for more complex smart contracts. In this way, PTLCs could be used for escrow, for example, or for oracles.
I’d caution against underestimating how long all of this will take in practice, and the degree of synchronization required to pull it all off properly.”
“Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port. The master plan encourages government institutions to use blockchain and other technologies to reform government functions.
We should give full play to the role of modern information technology, such as big data and blockchain, [and] standardize government service standards through government service platforms.”
“Zoom, the video conference app whose popularity has rocketed on the back of the global lockdown, won’t be encrypting calls for free users. This way, the company hopes to create space for collaboration with the FBI and other authorities, Zoom CEO Eric Yuan said during a June 2 conference call.
According to Yuan, Zoom’s end-to-end encryption service, which is currently under development, will be available exclusively for corporate clients.
Free users for sure we don’t want to give that because we also want to work together with FBI.”