Continuing our previous thread, we trying to find a possible mechanism for zk-mining. In this thread, we will dive into the relationship between block producer & zkp miners.
It's ZK time! Today we would like to talk about “zk-mining”. Let’s get to the thread 👇
In Paradigm article "Hardware Acceleration for Zero Knowledge Proofs", there are several use cases in ZKPs in crypto, such as layer 2 scaling, private Layer1s, decentralized storage, etc. Before we start, we understand the core value of zk-mining is to facilitate consensus.
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Sep 7, 2022 • 6 tweets • 3 min read
Some key features of @FinanceEver’s everpay, and might working with some of the protocols we mentioned. Let’s in 👇
EeverPay is the first SCP-based application, a cross-chain financial protocol built by everFinance. A high-performance crypto payment solution that uses SCP on top of @ArweaveTeam to achieve high TPS, security, and low cost.
A thread showing you how it works. 👇
✨ Brief Arweave introduction
Arweave is a blockchain-based file storage protocol. It charges users a one-time, upfront fee for permanent data storage. By using a set of simple rules, it incentivizes users to store data forever.
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Sep 5, 2022 • 22 tweets • 5 min read
In @VitalikButerin article -“Endgame”, he believes that ultimate form of Ethereum will built by Rollups and DA. The way of breaking the game for Ethereum in the next ten years – Modularization.
In this long thread, we given an overview of the modularization of the blockchain.👇
✨Blockchain Layering
In the ETH1.0, nodes assumed the responsibilities of all layers. Now, we can follow the idea of Ethereum and split the blockchain into four layers: Consensus Layer, Data Availability Layer, Settlement Layer, and Execution Layer.
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Sep 2, 2022 • 14 tweets • 3 min read
The Merge is coming, and @VitalikButerin is very focused on Rollups on the ETH 2.0 Roadmap. Rollups also exist the MEV problem, so here is the last product of @project_shutter – Rolling Shutter which published in April 2022.
We believe that most crypto activity in the future will take place on L2, which means MEV would exists in L2 and is an underexplored yet highly significant topic and potential issue for anyone interested in scalable DeFi/DAO/NFT applications.
Although On-Chain Shutter solved MEV, but it has the drawback of breaking composability. Therefore, Shutter Network provides their second product - Shutterized Beacon Chain.
Shutterized Beacon Chain based on the community of Ethereum. They design it to integrate the shutter system as part of Ethereum-like beacon chains. And this will completely abstracted away from the user, and conserving composability.
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Aug 31, 2022 • 12 tweets • 4 min read
We are going to introduce the first solution provided by @project_shutter called “On-chain Shutter“, and will do others in our next thread.
Today’s Topic
- Brief intro. of Shutter Network
- Problem ：Front-Running
- Solution ：On-chain Shutter
Shutter Network is an anti-MEV/front running solution on Ethereum using a DKG and threshold encryption, and built by @bezzenberger - PM@_brainbot. Brainbot technologies has significantly contributed to the core development of the Ethereum project from the very beginning.
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Aug 30, 2022 • 13 tweets • 4 min read
Continue to our topic about Maximal Extractable Value (MEV), we would discuss deeper in #flashbots in this thread.
- What is MEV?
- What #flashbots trying to solve?
- MEV – Geth (PoW)
- MEV – Boost (PoS)
- Improved MEV-Boost (@project_shutter)
MEV is a dynamic that allows miners to maximize their profit by determining the order of transactions on a blockchain network to their advantage. This includes arbitrarily reordering, including, or excluding transactions within a block at the expense of users.
Secret Shared Validators (SSV), or Distributed Validator Technology (DVT), is the first protocol that encrypts a validator key and splits it into KeyShares. These KeyShares are distributed to non-trusting nodes run by operators, fault-tolerant for Ethereum staking.
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