Blockchain
Polyhedra claims that the open source ZK Proof “Expander” system is 2x faster than alternatives
May 2: Network of polyhedra launched a open source ZK test system, Expander, “which can generate evidence nearly 2x faster than alternatives, while improving the safety and efficiency of the ZK testing process,” according to the team: “Expander represents a new era in scalability of testing technology ZK and combines classic interactive proofs, establishes the truth of a process and that it can be executed, with advanced polynomial commitment schemes that ensure that the proof is accurate and cannot be changed once created. It follows Polyhedra’s recent partnership with Google Cloud with whom they are collaborating on Polyhedra’s ZK technology for all Google Cloud services via Prova Nuvola.” According to a blog post, “Expander can try 4,500 Keccak-f permutations per second on an Apple M3 Max machine.” Keccak-256 is a “NIST-standardized cryptographic hash function in Secure Hash Algorithm 3 (SHA-3) and is the hash function used by the Ethereum blockchain,” according to the post. The new demonstration system is based on that of Polyhedra Libra cardlead author of Co-founder of Polyhedra and CTO Tiancheng Xie.
Co-founder of Polyhedra and CTO Tiancheng Xie (Polyhedra)
Eclipse Partners with Neon EVM Team to “Break the EVM-SVM Compatibility Barrier”
May 2: EclipseA Ethereum layer-2 network powered by Solana Virtual Machine (SVM), said it is “the first to break the barrier of EVM-SVM compatibility” with the implementation of Neon Stack, developed by the core Neon EVM team, according to a press release. Neon Stack is “a standardized development stack that makes it easy for SVM-based blockchain networks to achieve EVM compatibility for smart contract developers, which Eclipse will use on its L2 SVM.”
Layer-2 BOB (Build on Bitcoin) launches Mainnet
May 2: BOB (Build on Bitcoin)a hybrid Layer 2 solution that combines the capabilities of Bitcoin and Ethereum, has launched its mainnet, according to the team: “Backed by leading cryptocurrency investors like UTXO and CMS Holdings, BOB is advancing Bitcoin’s relevance in the DeFi space creating Bitcoin assets like Ordinals, Runes and BRC20 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 implementing on BOB include Sovryn, Velodrome and Layerbank.
The Graph, Blockchain Indexing Project, Announces $1.2 Million “Sunrise Upgrade Program”
May 2: The Graphic Foundationwho leads the core developers of The Graph Network, announced his Sunrise update program, starting May 2nd. The community-driven program will help The Graph in its bid to democratize data through a series of “missions” that reward participants for completing on-chain and off-chain tasks. The Graph Foundation has committed up to 4 million GRT (approximately $1.2 million as of April 29), to recognize and reward participants for their contributions by completing the program’s missions. (GRT)
The Nibiru Chain names two to lead Asia’s development
May 2: Nibiru Chaina secure smart contract platform that simultaneously addresses decentralization, security and scalability, announced its expansion into the Asian region, naming Yura Namformer head of StarkNet Asiato drive Asia’s growth, e Nicola Loformer Head of APAC Growth at Bored Ape Yacht Club developer Yuga laboratoriesto oversee business development in Asia.
Resonance, Blockchain Smart-Contract Auditor, Raises $1.5 Million from Arca, Fabric and Blockchain Founders Fund
May 2: Resonancea provider of blockchain audits and smart contracts, announced a pre-seed fundraising of $1.5 million from Arca, Fabric and Blockchain Founders Fund, according to the team: “The company’s initial raise will fuel a rapid expansion that has proceeded at an exponential pace since launching in March 2023.” Resonance launched V1 in March after “a very successful beta phase that led to commitments to major Web2 and Web3 projects,” according to the project.
The Resonance Security team at Paris Blockchain Week 2024 (Resonance)
Lukso, EVM-enabled blockchain for the creative economy, launches $1 million grant program
May 2: Lucksoan EVM-compatible blockchain designed for the new creative economy, announces the launch of a new grant program designed to cultivate a vibrant ecosystem of user-centric, social and creative projects built on Lukso. The first wave of Lukso grant program applications is supported by $1 million, with subsequent waves of applications following quarterly.
Untangled launches private credit pool on Celo backed by institutional-grade assets
May 2: Uncomplicated financea tokenized real world resource (RWA) platform supported by Fasanara Capital, opened its first private credit pool on the Celo (CELO) network Thursday with French fintech lender Karmen. The pool, structured under Luxembourg securitization regulations with an initial debt ceiling of $6 million, will allow accredited investors to deposit the USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital to small and medium-sized businesses digital businesses in France, according to a press release. Institutional asset manager Fasanara Capital and The Credit Collective, a community-led ecosystem development organization Celo, were the first investors in the facility.
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