VITALIK BUTERIN BACKS NEW CROSS-CHAIN TRADING STANDARD

Uniswap Labs and Across Protocol propose ERC-7683 to enhance cross-chain trading. The standard aims to unify decentralized networks, improving interoperability and efficiency.

Vitalik Buterin supports the initiative, highlighting its secure "lockbox" system for cross-chain transactions.

#Vitalik_Buterin #Vitalik-Buterin's #CrossChainFuture

"Bad gamefi is using financial speculation as a substitute for fun. Blockchain games need to be fun as games" - approx quote I've said many times

I believe a similar thing for crypto social.

Registering a prediction: farcaster and lens will NOT be deserted in 4 months, or 1 yr.

#Vitalik_Buterin #Write2Earn #TrendingTopic #BTC

💬 Vitalik Buterin Weighs in on Ethereum's Transition to Verkle Trees

🌳 The Verkle Trees Debate:
The discussion around Ethereum's data storage and functionality has taken center stage in the crypto community, with Polygon co-founder Mihailo Bjelic and Ethereum co-founder Vitalik Buterin engaging in a debate about the potential switch to Verkle trees. These trees, with their shorter proofs and increased bandwidth, are poised to replace the current Merkle Patricia trees, which have limitations in terms of scalability.

🔍 Vitalik's Insightful Remarks:
Responding to Bjelic's query about Ethereum's readiness to transition to Verkle trees, Buterin expressed skepticism about ZK-ifying keccak Merkle Patricia trees due to their potential for worst-case 300 MB witness sizes. He emphasized that this approach is a non-starter and advocated for the adoption of Verkle trees, which are designed to be more zk-friendly and compatible with ZK technology.
💡 The Path to ZK-Compatible Ethereum:
Buterin's presentation highlighted the limitations of Merkle trees in supporting ZK protocols and underscored the importance of Verkle trees in making Ethereum compatible with ZK technology. By embracing Verkle trees, Ethereum could pave the way for broader adoption of ZK protocols and potentially benefit from the long-term impacts of upgrades like the Dencun upgrade.

🚀 Implications for Ethereum's Future:
Transitioning to Verkle trees could significantly enhance Ethereum's scalability, throughput, and compatibility with ZK technology, ultimately bolstering its position as a leading blockchain platform. As Ethereum navigates the challenges of scaling amid increasing demand, innovations like Verkle trees offer promising solutions for its long-term growth and development.

Stay tuned for further updates as Ethereum's evolution continues to unfold in the dynamic crypto landscape! 🌿🔗
$ETH #Vitalik_Buterin #EthereumFuture

#Vitalik_Buterin $PORTAL where are you I can't see you , are you melting 🫠 ? . . any way good news for Portal lovers , Portal will still go down but I will do a little correction not to 2.2 again to 2.3 but after that life goes on for portal will go to 3$ on Sunday or monday if BTC stay stable, guys can open long at 2.3 even 2.41 or you can buy on spot .but make sure to not risk much on new coins always keep some doubt and play safe ,stop loss 2.2

#Vitalik_Buterin has joined a team of authors working on research regarding Privacy Pools, a new privacy protocol that could provide an alternative to Tornado Cash. This project also involves Amin Sulaimani, a developer; Jacob Illum, a researcher from Chainalysis; as well as Matthias Nadler and Fabian Shar, scientists.

The primary goal of Privacy Pools is to create a mechanism that achieves a "balancing act," filtering funds associated with illicit activities while finding a balance between privacy and regulatory compliance. This is accomplished using Zero-Knowledge Proofs (ZKPs).

The core idea of the proposal is the ability to publish #ZKPs that confirm the legitimacy of funds without revealing the entire transaction graph. The authors argue that privacy and regulatory compliance can coexist.

Researchers acknowledged #TornadoCash as a valuable tool for ensuring privacy but noted its vulnerability to abuse by illegal entities. In August 2022, the U.S. Office of Foreign Assets Control #OFAC included the Tornado Cash website on its sanctions list, claiming that it had laundered over $7 billion in cryptocurrency, including more than $455 million associated with the Lazarus Group, a North Korean hacker group.

On August 12, developer Alexey Pertsev, associated with Tornado Cash, was arrested in the Netherlands on suspicion of involvement in money laundering and concealing illicit financial flows, although he denied all accusations. In April 2023, a court changed Pertsev's pretrial detention to house arrest.

This is not the first time Vitalik Buterin has expressed interest in privacy matters within the cryptocurrency world. Earlier this year, he called privacy the "single biggest remaining problem" for #Ethereum and proposed his solution.$ETH

Why $DOT is the DARK Horse of Top Cryptos that is set to explode sooner than you think??

Let’s find out in this brief short INSIGHT!

Polkadot was invented by Dr. #GavinWood who was the one of the 2 guys who invented $ETH also the other the world know is #Vitalik_Buterin

So DOT is coming from the inventor itself who helped build world’s 2nd Largest Crypto Currency Ethereum!

Can he be lost with such a project which once was at its all time high of 54$+ ??

The answer is No!

The team is working towards creating the best and more improved version of Polkadot going to probably be renamed as #Polkadot2.0

If you are follower and Investor of this Gem which gives great feasibility to make cross transfers seamless then you know DOT has its own Layer 1 Blockchain that is increasing day by day its power with more Parachains like Acala, Moonbeam etc

The team is working extensively and actively towards bringing the best product to use not just the crypto but make something so innovative that the world will know what POLKADOT is ! The world will know but only the ones who believe in this project till date will churn out the profits through it

Its a long old saying the if you need to make some money with a genuine project Hold 100 DOTS at least offcourse its not a FINANCIAL ADVISE! But this is what I am doing with it.

So Do your own research and yoh will see how and what a big active community they have and you will understand what I was talking about 😊

So this was all, I hope this helps if it does, Do not forget to follow, Like and Share the Post !!!

#DOT_UPDATE #Dot2.0