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#Telegram Founder Durov Owns #Crypto – Here's What He Holds #Chinese crypto journalist and blogger #ColinWu has shared that the founder of Telegram App, popular with the crypto community, has revealed his crypto holdings. The founder, Pavel Durov who is worth $17.5 billion as of 2023, according to Wu, does not believe in investing in houses or airplanes, but he seems to believe in Bitcoin. Per Wu's tweet, Durov owns only Telegram stock, Bitcoin and some Toncoin (TON) — the native crypto of Telegram's Open Network #Layer1 blockchain based on the PoS consensus mechanism.

#Telegram Founder Durov Owns #Crypto – Here's What He Holds

#Chinese crypto journalist and blogger #ColinWu has shared that the founder of Telegram App, popular with the crypto community, has revealed his crypto holdings. The founder, Pavel Durov who is worth $17.5 billion as of 2023, according to Wu, does not believe in investing in houses or airplanes, but he seems to believe in Bitcoin. Per Wu's tweet, Durov owns only Telegram stock, Bitcoin and some Toncoin (TON) — the native crypto of Telegram's Open Network #Layer1 blockchain based on the PoS consensus mechanism.

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#VitalikButerin Examines Binius: A Faster Approach to Zero-Knowledge Proofs #Ethereum co-founder #Vitalik Buterin explores "Binius," a new method aiming to significantly speed up zero-knowledge proofs. Binius focuses on efficiency by performing computations directly on binary bits (0s and 1s) instead of larger numbers used in traditional systems like zk-SNARKs. This approach caters to frequently used data types like counters and boolean flags, potentially leading to faster proofs. Binius leverages "binary finite fields" for efficient arithmetic operations on bits and utilizes a multidimensional "hypercube" data representation. Additionally, it employs a unique encoding/decoding process to maintain efficiency while enabling processing via polynomials and #Merkle proofs. These advancements in core cryptographic proof system arithmetic promise enhanced scalability and efficiency for complex crypto applications. #zero-knowledge proofs often use polynomials to conceal data and calculations during verification, ensuring only proof validity is confirmed, not the underlying information. While the technical details of Binius encryption and proof generation are beyond this scope, Buterin highlights its potential for significant speed improvements, especially for calculations involving small values and bit-level operations. This technology is based on a 2023 whitepaper by Posen and Diamond. Overall, Binius seeks to substantially outperform existing proof systems in terms of speed, paving the way for faster zero-knowledge proofs in the future. Buterin anticipates further advancements in "binary-field-based proving techniques" in the coming months.
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