Chainlink Labs

chainlinklabs

LONDON, United Kingdom, August 21st, 2024/Chainwire/--Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. With efficient and secure transactions provided by ZKsync technology, the launch of Aave V3 on Era is poised to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. Users of Aave will gain access to advanced zero-knowledge (ZK) technology that provides low-cost transactions while deriving security from Ethereum using cryptographic validity proofs. As part of the integration, Chainlink will provide secure and reliable price feeds. “This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation,” said Aave Labs Founder and CEO Stani Kulechov. “By combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.” Alex Gluchowski, Co-Inventor of ZKsync, commented, “Aave has established itself as one of the leading DeFi protocols and has played a core role in the growth and adoption of crypto since its launch. As ZKsync’s Elastic Chain keeps building momentum, it is important that it become a place where both retail and institutional users can leverage a secure access point for the digital asset ecosystem across all ZK Chains ZKsync is the most advanced and future-proof scaling solution powered by ZK-proof technology, and with the deployment of Aave on Era, a greater audience will be able to leverage ZKsync to its fullest potential.” “I’ve been working with the Aave team since 2019, and ZKSync since early 2022,” said Johann Eid, Chief Business Officer at Chainlink Labs. “In a short amount of time, both projects have had a profound impact on DeFi and the blockchain industry as a whole, helping to drive interest, secure transactions, and bring a large amount of value and innovation into this space. Aave V3’s deployment on Era Mainnet brings together a foundational DeFi protocol and a pioneer that is pushing the zero knowledge space forward, which is a major step forward for our industry, and Chainlink Price Feeds are playing a key role in ensuring that the market data powering the protocol is ultra-reliable and accessible. This launch is an important milestone in terms of DeFi scalability, and its potential to increase institutional usage is an exciting development for onchain finance at large.” A Layer 2 scaling solution that leverages ZK technology, ZKsync offers low-cost, faster transactions in a secure and decentralized environment. The addition of Aave is set to attract a wider user base, improve the user experience, and establish Aave as a leading DeFi protocol within the rapidly growing Elastic Chain ecosystem. DeFi Gateway for Institutional Finance The Aave deployment will also set the stage for privacy-focused DeFi applications. These applications will leverage Aave’s competitive liquidity, flexibility and conservative risk management to meet the increasing demand for enhanced privacy in DeFi. Additionally, this deployment is expected to unlock new institutional use cases, ranging from private networks to networks tailored for specific asset classes, risk profiles, and user segments. This integration also unlocks new opportunities for the Aave-native overcollateralized stablecoin GHO and future products, such as fast, cost-efficient payments. After positive technical evaluation done by BGD Labs and positive risk analysis by Chaos Labs and asset/parameters recommendations by the risk service providers, BGD had deployed the integration and the Aave DAO has approved USDC, USDT, WETH and wstETH as the initial assets available on Era. The initial risk parameters for each asset can be found here. The Aave DAO is committed to redistributing any airdrops received from the ZKsync ecosystem via liquidity mining towards Aave users. The distribution will include GHO secondary liquidity incentives, safety module deployments, and merit programs. Aave Chan Initiative (ACI), one of Aave DAO’s service providers, will coordinate any liquidity mining campaign on the ZKsync Aave V3 deployment, on behalf of the Aave DAO.The deployment governance proposals can be found here and here. Contact M Group Strategic Communications ppadovano@mgroupsc.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. LONDON, United Kingdom, August 21st, 2024/Chainwire/--Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. With efficient and secure transactions provided by ZKsync technology, the launch of Aave V3 on Era is poised to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. Users of Aave will gain access to advanced zero-knowledge (ZK) technology that provides low-cost transactions while deriving security from Ethereum using cryptographic validity proofs. As part of the integration, Chainlink will provide secure and reliable price feeds. “This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation,” said Aave Labs Founder and CEO Stani Kulechov. “This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation,” said Aave Labs Founder and CEO Stani Kulechov. “By combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.” “By combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.” Alex Gluchowski, Co-Inventor of ZKsync, commented, “Aave has established itself as one of the leading DeFi protocols and has played a core role in the growth and adoption of crypto since its launch. As ZKsync’s Elastic Chain keeps building momentum, it is important that it become a place where both retail and institutional users can leverage a secure access point for the digital asset ecosystem across all ZK Chains ZKsync is the most advanced and future-proof scaling solution powered by ZK-proof technology, and with the deployment of Aave on Era, a greater audience will be able to leverage ZKsync to its fullest potential.” Alex Gluchowski, Co-Inventor of ZKsync, commented, “Aave has established itself as one of the leading DeFi protocols and has played a core role in the growth and adoption of crypto since its launch. As ZKsync’s Elastic Chain keeps building momentum, it is important that it become a place where both retail and institutional users can leverage a secure access point for the digital asset ecosystem across all ZK Chains ZKsync is the most advanced and future-proof scaling solution powered by ZK-proof technology, and with the deployment of Aave on Era, a greater audience will be able to leverage ZKsync to its fullest potential.” “I’ve been working with the Aave team since 2019, and ZKSync since early 2022,” said Johann Eid, Chief Business Officer at Chainlink Labs. “I’ve been working with the Aave team since 2019, and ZKSync since early 2022,” said Johann Eid, Chief Business Officer at Chainlink Labs. “In a short amount of time, both projects have had a profound impact on DeFi and the blockchain industry as a whole, helping to drive interest, secure transactions, and bring a large amount of value and innovation into this space. Aave V3’s deployment on Era Mainnet brings together a foundational DeFi protocol and a pioneer that is pushing the zero knowledge space forward, which is a major step forward for our industry, and Chainlink Price Feeds are playing a key role in ensuring that the market data powering the protocol is ultra-reliable and accessible. This launch is an important milestone in terms of DeFi scalability, and its potential to increase institutional usage is an exciting development for onchain finance at large.” “In a short amount of time, both projects have had a profound impact on DeFi and the blockchain industry as a whole, helping to drive interest, secure transactions, and bring a large amount of value and innovation into this space. Aave V3’s deployment on Era Mainnet brings together a foundational DeFi protocol and a pioneer that is pushing the zero knowledge space forward, which is a major step forward for our industry, and Chainlink Price Feeds are playing a key role in ensuring that the market data powering the protocol is ultra-reliable and accessible. This launch is an important milestone in terms of DeFi scalability, and its potential to increase institutional usage is an exciting development for onchain finance at large.” A Layer 2 scaling solution that leverages ZK technology, ZKsync offers low-cost, faster transactions in a secure and decentralized environment. The addition of Aave is set to attract a wider user base, improve the user experience, and establish Aave as a leading DeFi protocol within the rapidly growing Elastic Chain ecosystem. DeFi Gateway for Institutional Finance The Aave deployment will also set the stage for privacy-focused DeFi applications. These applications will leverage Aave’s competitive liquidity, flexibility and conservative risk management to meet the increasing demand for enhanced privacy in DeFi. Additionally, this deployment is expected to unlock new institutional use cases, ranging from private networks to networks tailored for specific asset classes, risk profiles, and user segments. This integration also unlocks new opportunities for the Aave-native overcollateralized stablecoin GHO and future products, such as fast, cost-efficient payments. After positive technical evaluation done by BGD Labs and positive risk analysis by Chaos Labs and asset/parameters recommendations by the risk service providers, BGD had deployed the integration and the Aave DAO has approved USDC, USDT, WETH and wstETH as the initial assets available on Era. The initial risk parameters for each asset can be found here. The Aave DAO is committed to redistributing any airdrops received from the ZKsync ecosystem via liquidity mining towards Aave users. The distribution will include GHO secondary liquidity incentives, safety module deployments, and merit programs. Aave Chan Initiative (ACI), one of Aave DAO’s service providers, will coordinate any liquidity mining campaign on the ZKsync Aave V3 deployment, on behalf of the Aave DAO.The deployment governance proposals can be found here and here. Contact M Group Strategic Communications ppadovano@mgroupsc.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Aave Launches On Era Mainnet Powered By ZKsync

Aave ZKsync দ্বারা চালিত Era Mainnet-এ চালু হয়েছে

Aave startet auf Era Mainnet mit ZKsync-Unterstützung

Aave se lanza en la red principal de Era con tecnología ZKsync

Aave est lancé sur le réseau principal Era, propulsé par ZKsync

एवे को ZKsync द्वारा संचालित एरा मेननेट पर लॉन्च किया गया

Aave が ZKsync 搭載の Era メインネットでローンチ

Aave, ZKsync로 구동되는 Era 메인넷 출시

Aave é lançado na Mainnet Era com tecnologia ZKsync

Aave запускается в сети Era Mainnet на базе ZKsync

Aave, ZKsync Tarafından Desteklenen Era Ana Ağında Başlatıldı

Aave ra mắt trên Era Mainnet được hỗ trợ bởi ZKsync

Aave 在由 ZKsync 提供支持的 Era 主网上线

Imagine a future where your digital assets are not just a static investment but a living, breathing entity that works for you around the clock. Jonny Huxtable, a visionary in the blockchain space, takes us on a journey through the intricate world of Stake.link, where he's redefining what it means to 'stake' in the ecosystem of Chainlink. From his early days mining BTC to his pivotal role in liquid staking, Jonny's story is not just about the ascent of LinkPool but also the potential of decentralized finance to empower the individual. As we unpack the mechanics behind stake.link and its mission to infuse liquidity with security, we stand on the cusp of a new chapter in blockchain's narrative—a chapter where every participant holds the power to shape the network. Unlocking Chainlink's Potential: Stake.link's Strategic Vision for a Liquid Future Hi Jonny, great to have you here for our "Behind the Startup" series. Please tell us about your background? Ishan Pandey: Great to speak. For me, I got into the space like most people would do. I had some BTC in 2014/2015, but I really got into things before the 2017 cycle, and I became interested in Chainlink as the token offering took place in 2017. I joined the Chainlink slack channel, started speaking to everyone about the project, and I came to understand the premise of the project. I saw promise in Chainlink. It was that promise that made me want to get more hands-on in the space, and that’s when I started LinkPool. Jonny Huxtable: LinkPool began as sort of a bedroom project I worked on the side of my full-time job. It was one of the first third parties to build on top of Chainlink, run infrastructure, and carry it on from there. LinkPool was one of the first three node operators that went live on Ethereum mainnet in the Summer of 2019, and we’ve played a significant role in not just breaking down the barriers to participation in the Chainlink Ecosystem, but also developing the tools and the infrastructure for node operators on the network. Stake.link: The First-Mover Liquid Staking Protocol in the Chainlink Ecosystem Stake.link is described as the "first-mover liquid staking protocol in the Chainlink Ecosystem." What motivated the creation of stake.link, and what unique value does it offer to users? Ishan Pandey: To answer this question, it was the original vision and drive of a pooling system for Chainlink in 2017 that drove the vision to build stake.link but on a much grander scale. With the explosion of LSTs with the rise of Ethereum staking protocols, it became clear that with the launch of Chainlink Staking it would also greatly benefit from a liquid staking protocol that has a cohort of the very best Node Operators that participate in the Chainlink network. That’s what stake.link is, the premier staking protocol for Chainlink backed by the very best. Jonny Huxtable: The Concept of Liquid Staking and Stake.link Protocol Could you explain the concept of liquid staking and how it works within the stake.link protocol? Ishan Pandey: Liquid staking is a concept that allows users to stake their tokens in a way that they remain liquid and tradable, rather than being locked up in a staking contract. Jonny Huxtable: Traditional staking typically involves locking up tokens in a network's smart contract to support its operations and earn rewards. These tokens are usually illiquid and can't be readily traded or used elsewhere. Liquid staking, on the other hand, enables users to stake their tokens while still having the freedom to trade or utilize them for other purposes. It's made possible through liquid staking tokens, LSTs, representing the staked assets' value, which can be traded or used in DeFi applications. These are very visible in the Ethereum network, and we’re working to make it just as visible for the Chainlink Ecosystem. This is currently the case with General Access Staking in the Chainlink Community Staking Pool, and the stake.link protocol addresses the issue of locked staked tokens. At the core of this is the withdrawal capability feature. This feature provides a liquidity buffer in the protocol, allowing users to withdraw their staked LINK from the protocol by depositing their receipt tokens that they are given after they’ve staked LINK: this is the stLINK which represents the staked amount of LINK. User Journey on Stake.link Could you elaborate on the user journey on stake.link, from connecting a Web3 wallet to earning rewards and withdrawing assets? Ishan Pandey: Sure thing. The protocol is built to be as seamless as possible even for people who haven’t been involved in DeFi or moved their tokens off of exchanges in the past. Jonny Huxtable: Right now, Chainlink is at the end of its version 0.1 of Staking and all space is taken up. Chainlink Labs who builds the infrastructure for the entire Ecosystem has announced that Staking v0.2 is coming in Q4 2023, so between now and the end of the year. This version of staking entails an increase to the amount of tokens that can be staked from 25M in v0.1 to 45M in v0.2. To start the user journey on stake.link, a user would first need to connect their Web3 wallet containing LINK tokens to the platform, and deposit LINK tokens in the “holding zone” that we call the Priority Pool. Once Staking v0.2 arrives and General Access opens to the public, the LINK deposited in the Priority Pool will be staked in the General Access Community Pool using Chainlink Automation contracts. That means we’ve crafted smart contracts that recognize down to the second when the General Access Pool opens up to the public, and they will immediately begin auto staking Priority Pool LINK so that the users don’t have to. Once a user’s LINK is staked, they’re then able to claim their staked LINK receipt token, stLINK to their wallet and decide for themselves what they’d like to do with it. Users will then earn rewards for staking their LINK tokens. Node operators, who provide services in the Chainlink Ecosystem, earn rewards in the form of a delegation fee through stake.link’s native SDL token. Community stakers, who supply LINK collateral to secure the network and act as alerters if they notice the ETH/USD price feed has not updated within a set time frame, receive rewards after delegation and core contributor fees to the protocol. The rewards earned depend on the staking strategy and the capacity of the staked pool. At launch, stake.link enabled a "Node Operator" strategy pool, and in 2023, the pool capacity will be increasing for node operators. We’re excited to bring liquid staking to a portion of the Community Pool. The combination of these two strategies results in a blended reward rate. Engaging with the Stake.link User Community How does stake.link engage with its user community, and what channels do you primarily use for client outreach? Ishan Pandey: Our community includes LINK holders encompassing retail users to institutional, banking users, and everyone in between seeking seamless access to staking the LINK token. Client outreach primarily takes place on LinkedIn, Twitter across the profiles of stake.link node operators, multiple Telegram channels, and a dedicated Discord for the stake.link protocol. Jonny Huxtable: One of the core reasons we’re able to deliver for the community is because of open dialogue and constructive feedback that they provide in our Telegram and Discord channels, and this is certainly the case on Twitter. We listen to that feedback every day and actively incorporate it into the protocol to make for a better overall staking experience. Key Challenges and Opportunities in Liquid Staking In your view, what are the key challenges and opportunities in the liquid staking space, and how does stake.link plan to address them? Ishan Pandey: Two of the big things that stand out in the Liquid Staking space are security and centralisation. Jonny Huxtable: Stake.link consists of 15 Chainlink node operators. 15 different teams, different companies, different people that are some of the most experienced and professional teams not just in the Chainlink Ecosystem, but across all of Web3, and this consortium directly addresses the dilemma of centralisation vs decentralisation. As for security, this is something everyone in the industry can relate to and we see it like clockwork: protocols, dApps, bridges being exploited for tens of millions, hundreds of millions of dollars. It’s a serious problem because not only are people losing their money, but that money is now in the hands of bad actors who can do real harm with that capital. That’s why we take rigorous security measures and work with some of the most prominent smart contract auditors in Web3. Our ethos is straightforward: audit, audit, audit, and then audit again, as well as work closely with our smart contract auditing firms to address every vulnerability – no matter how severe or seemingly insignificant. AI-Driven Analytics and Data Insights AI-driven analytics and data insights are becoming crucial for decision-making in the crypto and blockchain space. How does stake.link plan to incorporate data-driven insights for its users? Ishan Pandey: It’s amazing to see the explosion of adoption and real-world use of AI technology in the last 11 months. Jonny Huxtable: In September 2023, we launched our first major protocol upgrade that included the rollout of our Chainlink-inspired chatbot called SergAI – named in honor of the Co-Founder and CEO of Chainlink Labs, Sergey Nazarov. You can think of SergAI as a massive repository of all things Chainlink Staking and stake.link. Everyone has lives outside of the industry. They can’t be online 24/7. That’s why SergAI is important: people are able to ask questions and get straightforward answers. We view SergAI as a significant step forward and a net positive for our overall user experience, and without revealing too much, it’s just the beginning of the direction we want to take in incorporating AI technology into the platform. Stake.link's Role in DeFi and NFT : With the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs), how does stake.link envision its role in supporting these emerging ecosystems within the broader Web3 framework? Ishan Pandey : We’re excited for the future of onchain finance and we’re proud to have played a part in its success in even basic form as we saw in Summer 2020. Enabling decentralised applications to get accurate, up-to-date, precise reference data changed the game and enabled the sector to flourish as it did in DeFi Summer when applications were dealing with flash loan attacks due to the use of centralised price feeds. Jonny Huxtable The work that Chainlink node operators played providing reliable reference data in DeFi Summer can be considered as a sort of proof of concept for what can be done in the future for DeFi. Chainlink has rolled out, and the node operators have scaled the use of other Web3 services such as smart contract automation, Verifiable Randomness (VRF), and recently Data Streams where applications no longer have large deviation thresholds for price feeds – price feeds can now be updated at a hyperfast rate compared to the previous 0.5% deviation threshold as was the standard up until recently and in DeFi Summer. Data Feeds has immense potential and was needed in order to cater to larger players in the broader financial industry that require hyperfast, reliable reference data with little to no deviation threshold in order to operate properly onchain. This will only grow and enable further adoption. NFTs are another sector of Web3 ripe for adoption, and much like DeFi, can benefit immensely from Chainlink Web3 services. VRF is a critical one, ensuring that NFT mints are verifiably random and fair for all participating users – regardless if a user is retail, enterprise, or anything in between. We also see a lot of potential in dynamic NFTs (dNFT) too. These are NFTs with encoded smart contract logic that enables them to automatically change its metadata, characteristics based on external conditions and events. The market has already spoken in that it wants NFTs that update based on external events. The simplest form of this is a basketball card, for example. If someone owns a tokenized basketball player’s card (NFT), their statistics will change over time as the player continues their career. NFTs need the ability to update their characteristics, and node operators as those in stake.link enable just that. Going beyond the very basic use-cases of something like a basketball card, though, is something like tokenized real estate – An NFT representing a property that could reflect numerous factors such as maintenance history, age, market value, and more. Tokenizing these everchanging assets requires NFTs that have the ability to update with changing metadata. We enable that and can provide that reference from the offchain world, and bring it onchain. Regarding both NFTs and onchain finance / DeFi, it’s still very early for both sectors of the Web3 economy. These categories are going to play a significant role in how humans, businesses, industries conduct commerce, exchange data and value, and above all instill a layer of confidence in the capital markets industry. Don’t forget to like and share the story! : Vested Interest Disclosure This author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program

Chainlink’s Liquid Leap: Stake.link Charts the Course for DeFi's New Horizon

Chainlink’s Liquid Leap: Stake.link DeFi-এর নতুন দিগন্তের জন্য কোর্স চার্ট করে

Chainlinks Liquid Leap: Stake.link legt den Kurs für den neuen Horizont von DeFi fest

El salto líquido de Chainlink: Stake.link traza el rumbo para el nuevo horizonte de DeFi

Liquid Leap de Chainlink : Stake.link trace la voie vers le nouvel horizon de DeFi

चेनलिंक की लिक्विड लीप: स्टेक.लिंक डेफी के न्यू होराइजन के लिए पाठ्यक्रम को चार्ट करता है

Chainlink の液体躍進: Stake.link が DeFi の新たな地平線を描く

Chainlink의 Liquid Leap: Stake.link는 DeFi의 새로운 지평을 위한 과정을 차트로 표시합니다.

Liquid Leap da Chainlink: Stake.link traça o curso para o novo horizonte do DeFi

Ликвидный скачок Chainlink: Stake.link прокладывает путь к новым горизонтам DeFi

Chainlink'in Sıvı Sıçrayışı: Stake.link, DeFi'nin Yeni Ufku İçin Rotayı Çiziyor

Bước nhảy vọt về chất lỏng của Chainlink: Stake.link vạch ra lộ trình cho chân trời mới của DeFi

Chainlink 的流动性飞跃：Stake.link 为 DeFi 新视野描绘了路线

TL;DR 👌Zero-knowledge proofs are transforming Web3 with enhanced privacy and security. 👮‍♂️Zero-knowledge proofs validate transactions, protect sensitive data, and ensure blockchain integrity. 💡Applications include zkEVMs, oracle protocols like Mirage, and privacy-enhanced decentralized finance (DeFi). ☀️Zero-knowledge proofs pave the way for a future of trust, privacy, and innovation in Web3. Zero-Knowledge Proofs: Empowering Web3 with Privacy and Security In the realm of Web3, an extraordinary technological breakthrough is getting traction: zero-knowledge proofs. These remarkable cryptographic tools have the potential to revolutionize the blockchain landscape, offering unparalleled privacy, enhanced security, and improved accessibility. In this article, we embark on a journey to unravel the mysteries of zero-knowledge proofs and explore their wide-ranging applications. Get ready to witness the power of this transformative innovation! 🤯 Zero knowledge proofs allow one party to prove the validity of a statement to another party without revealing any additional information beyond the truth of the statement itself. The Locked door: A Cryptographic Riddle Chainlink Labs made a pretty nice analogy to zero-knowledge: “Imagine a cave with a single entrance but two pathways (paths A and B) that connect at a common door 🚪locked by a passphrase🔤. Alice 👩‍🦳 wants to prove to Bob 👨‍🦰 she knows the passcode to the door but without revealing the code to Bob. To do this, Bob stands outside of the cave and Alice walks inside the cave, taking one of the two paths (without Bob knowing which path was taken). Bob then asks Alice to take one of the two paths back to the entrance of the cave (chosen at random). If Alice originally chose to take path A to the door, but then Bob asks her to take path B back, the only way to complete the puzzle is for Alice to have knowledge of the passcode for the locked door. This process can be repeated multiple times to prove Alice has knowledge of the door’s passcode and did not happen to choose the right path to take initially with a high degree of probability. After this process is complete, Bob has a high degree of confidence that Alice knows the door’s passcode without her having revealed it to him.” Expanding the Boundaries: Zero-Knowledge Proofs in Web3 Applications The captivating tale transcends its cryptic confines, finding its way into the vast realm of Web3. Zero-knowledge proofs unlock a plethora of possibilities, revolutionizing decentralized technologies across various domains. In zkEVMs, these proofs validate transaction integrity while preserving privacy, boosting efficiency in blockchain operations. Cutting-edge oracle protocols, such as Mirage, leverage zero-knowledge proofs to securely verify real-world data without exposing sensitive information. Additionally, in the realm of decentralised finance (DeFi), zero-knowledge proofs empower users to protect their financial privacy while engaging in transparent and secure transactions. Embracing a New Era: The Future of Web3 with Zero-Knowledge Proofs As we navigate the frontiers of Web3, the significance of privacy, security, and inclusivity cannot be overstated. Zero-knowledge proofs emerge as the beacon of trust and empowerment, propelling us into a new era of decentralized technologies. By safeguarding sensitive information and enhancing the privacy of transactions, zero-knowledge proofs lay the foundation for a more secure and accessible Web3 ecosystem. With their potential to reshape industries, empower individuals, and foster innovation, these cryptographic marvels herald a future where privacy and security coexist harmoniously with the power of decentralised technologies. Conclusion The rise of Web3 introduces a paradigm shift, demanding technologies that safeguard privacy, enhance security, and promote inclusivity. Zero-knowledge proofs emerge as the transformative force that meets these demands head-on. Through their cryptographic wizardry, they empower individuals, organizations, and entire ecosystems to thrive in a decentralized world. As we embrace this new frontier, let us unlock the full potential of zero-knowledge proofs, harnessing their power to build a future where privacy is paramount, security is uncompromised, and Web3 thrives in all its glory. 🔥If you've been reading this far, you are an absolute legend 😎 and I sincerely appreciate it 🫰. Consider leaving a like or a comment for more content like this. Follow me on twitter 🐣: @stephabauva See ya 👋

Unveiling the Enigma: How Zero-Knowledge Proofs Revolutionize Web3

*Note, SWOT is an analysis of operational/fundamental elements. This is not a model to be used for technical or trading purposes. (NFA, DYOR) Composed of four elements, and , a SWOT analysis framework provides excellent insight for evaluating the state of a project’s well-being through the lens of a birds-eye view. Strengths, Weaknesses, Opportunities, Threats It can help formulate decisions on what areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, the most widely adopted and trusted oracle network in the industry will get a SWOT. Chainlink , (LINK) Strengths (Internal) (Helpful) 1. Brilliant Team Developers, developers, developers! The quality of the chainlink team is second to none. Every member has extensive knowledge of the technology and a clear vision on the development of the industry. 2. Strong Track Record Facilitating over $7.7 Trillion USD worth of transaction activity and championing over ; Chainlink has solidified its role in the industry as a reliable and resilient project. 1,700 integration 3. Robust Pipeline of Products Providing solutions to every major computational dilemma through a concrete product pipeline, the amount of innovation taking place on the product level at Chainlink Labs is mindblowing. , are just what’s been planned for the near term! CCIP, FSS, VRF, CL Functions, Automation, DECO, POR, CF BIRC, CF DACS 4. Positioning While their main product has primarily been the price feed DON (Decentralized Oracle Network); Chainlink has expanded its suite of services across so many verticals that its identity has shifted into a more generalized “industry-standard Web3 services platform”. 5. Omni-present Deployed across 16 blockchains & L2s, Chainlink has a foothold in all of the major value networks. Being so readily available to provide its infrastructure in so many environments makes Chainlink a desirable default choice for future projects. 6. Flashloan Resilient Flashloans are an economic security threat that have been causing financial turmoil for end users of DEFI protocols. Chainlink is able to be resilient against Flashloans because of their asynchronous data aggregation and publication methods. Given that Flashloans happen within the span of a single block, the Chainlink DON spreads out the sequencing of gathering data and the publishing of it, essentially circumventing any potential intra-block manipulation from ever-completing execution. Weaknesses (Internal) (Harmful) 1. Technical Complexity This is not a true weakness as Chainlink is well aware and focused on providing its value proposition clearly to its specific audience. However, due to the high threshold of technical knowledge required to fully comprehend the project, many potential retail market participants will forgo investing in the project because they won’t be able to grasp the full scope of importance. Opportunities (External) (Helpful) 1. Adoption by Industry as a Standard Possessing partnerships with some of the world’s most important institutions including the likes of Google and Oracle, Chainlink is recognized as the most reliable and secure middleware service for DEFI, NFTs, and the greater Web3 throughout the industry. 2. Expansion of AI Finally reaching a form factor that is accessible to the masses, Artificial intelligence has become the tech conversation of 2023. By virtue of the services Chainlink provides it is positioned to seamlessly integrate AI technologies into its framework, furthering the quality and automation capabilities it provides. 3. Rise of RWA As the next wave of value makes its way on-chain in the form of real-world asset tokenization, Chainlink’s high-fidelity suite of products will be the tools that cater to the institutions looking to tokenize their goods. 4. Link Army on Social Media Chainlink’s social media presence is superior to the vast majority of other projects due to the fact that its community is extremely supportive and articulate. While they definitely have some world-class memes in their arsenal, the army of Twitter users referred to as the Link Marines, tend to drive meaningful conversations and circumvent the use of degenerate language that is typically found in crypto communities. Threats (External) (Harmful) 1. Uprise of new alternatives The nature of mankind is one of competitiveness. Seeing the glorious successes of Chainlink inspires projects to mimic this success by spinning off the concept and starting new competing projects. While this by no means is a threat to the livelihood of Chainlink, it will over time divert developer attention and resources from the project. 2. Lack of Developers Chainlink is a tech-heavy project requiring specific domain expertise. They are constantly looking to expand the size of their team but have a very high threshold for the quality of talent they are willing to take on. Given how few expert devs are actually available across the entire industry and the odds that newcomers might possibly be tempted to work on other projects, the growth of the team will likely face a bottleneck/delay of some sort. 3. Honeypot for Hackers Chainlink oversees the safe transferrence of around $4 Billion USD per day through its systems. Being responsible with so much value attracts the attention of less-than-honest actors that are constantly monitoring their activity and attempting to subvert their security. Takeaway: As you might have noticed there is a disproportionate amount of positives on the left side of the chart. Not only are there more beneficial points, but the relative importance of each positive far outweighs the potential impacts of the negatives. With just one weakness and three threats that don't pose an existential risk to Chainlink's livelihood, it seems as though LINK is a fundamentally sound project. (which is honestly not even that big a deal) Conclusion: It’s possible that my biases might have skewed the perception of the project. However, based on the single fact of how much critical infrastructure Chainlink provides and the integrity that the project upholds, it is hard not to bet on them. I might have missed something and would tremendously appreciate some feedback. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂 Also published . here

Chainlink (LINK) SWOT Analysis: a Look Into the Most Widely Adopted and Trusted Oracle Network

Security is the leading concern of every new project foraying the crypto space and the emerging Web3 industry. Recently, these sectors have built a bad reputation as the preferred playgrounds for scammers, fraudsters, and money launderers. For instance, Web3 lost over $3.8 billion to security loopholes and vulnerabilities only in 2022. This unsettling statistic may increase if not for the ongoing efforts of smart contract auditors. Fortunately, employing security auditing in crypto and Web3 is an increasingly popular trend. Established auditors help secure the industry by validating smart contracts and development teams. Meanwhile, up-and-coming companies bring innovative tools and educational series, earning their rightful inclusion in the top tier of blockchain security providers. Read on as we unveil the leading smart contract auditors making a difference in crypto and Web3. Discover how their safeguarding initiatives help build a sustainable future for the industry. Hacken is one of the key players in the blockchain security field, with a track record of more than 1,500 audits for over 1,000 worldwide clients since 2017. Their clients include big names such as 1inch, Radix, NEAR Protocol, Sandbox, Wemix, Status, Aurora, ShapeShift, Unicrypt, Venom, Enjin, Status, and PolkaStarter, to name a few. Hacken Their team is powered by more than 100 global talents, including 60 top-class professional engineers dedicated to keeping projects safe, underscoring their significant role in enhancing Web3 security. Trusted by industry giants like Coingecko and Coinmarketcap, Hacken's contributions have achieved wide recognition. Beyond Smart Contract Security Audits, Hacken offers a comprehensive suite of services, including Blockchain Protocol Audits, Penetration Testing, dApp Audits, Crypto Wallet Audits, Cross-Chain Bridge Audits, Bug Bounties, Proof of Reserves, CCSS Audits, and Tokenomics Audits & Design. With innovative solutions such as HackenProof bug bounties, CER.live cybersecurity rankings, and Extractor on-chain monitoring, Hacken not only identifies vulnerabilities but also pioneers preventive measures that enhance the security posture of blockchain projects. Hashlock is an Australian company specializing in blockchain security and smart contract auditing. They've established themselves as industry leaders by offering an extensive range of services, including initial consultations, project scoping, and comprehensive audit reports. Their process is meticulous, starting with understanding a client's specific needs, reviewing the code and technology, and issuing preliminary reports detailing all vulnerabilities and recommended fixes. Hashlock Clients praise Hashlock for their dedication and thoroughness, with testimonials highlighting the team's commitment to going the extra mile. Hashlock also provides post-audit services, such as on-chain monitoring and bug bounty management, ensuring ongoing security for blockchain applications. Furthermore, Hashlock's affiliation with Fintech Australia and Blockchain Australia, reflects their reputable status in the industry. The breadth of their services, from security consultation to active support like on-chain monitoring, positions Hashlock as a holistic provider for blockchain application security. Hashlock demonstrates a strong commitment to blockchain security through a comprehensive suite of services that cater to the entire lifecycle of a smart contract. Their process begins with an in-depth initial consultation to understand each project's unique requirements. Following this, they perform meticulous project scoping to accurately estimate the work involved. Clients receive detailed preliminary reports listing vulnerabilities and suggested remedies. Hashlock's rigor is further shown in their re-audit process, ensuring no issues remain unaddressed. The final audit report is a testament to their thoroughness, and the choice to make it public rests with the client, supporting transparency and trust. Cyfrin , is a Web3 security company focusing on delivering industry-leading protection. Its goal is to create a safe, reliable, and transparent environment for everyone in Web3 and DeFi. Cyfrin Despite its relatively budding development, Cyfrin is already an established brand among smart contract security providers. The company specializes in advanced auditing of smart contract architecture. To this end, it works closely with the developers while going line by line to secure the code. This process helps projects obtain a higher security standard and launch successfully with minimal safety risks. Cyfrin helps project creators at every step of their security journey. For example, the company's code reviews guide developers to build functional and efficient decentralized applications using the right tech stack. Besides saving costs, the reviews help them better understand the system and prepare for a complete security audit. The Cyfrin team comprises some of the top engineers and auditors in the DeFi and blockchain space. Its leaders are Patrick Collins, an expert software engineer (CEO and co-founder), and Alex Roan, an ex-Chainlink Labs engineer (CTO & Co-Founder). The team includes Fintech and Solidity experts and the #1 ranked auditors on Code4rena, a competitive smart contract auditing platform. Cyfrin has an ambitious plan to create the #1 Web3 developer education course on the planet. Its expert team is developing an extensive library of educational materials, including tutorials, how-to videos, in-depth analyses, and accessible courses. This series will soon have a dedicated website where upcoming developers and crypto enthusiasts can learn more about smart contract security. Ultimately, Cyfrin aims to provide world-class smart contract auditing and Web3 education. The company should help change the current narrative and push the security space forward. CertiK is another top-tier security company providing formal verification technology for blockchain-based projects. The company has been operating since 2018, serving over 3,800 clients and detecting more than 60,000 smart contract vulnerabilities. Behind this ambitious initiative is a group of Yale University and Columbia University professors. Their mission is to deliver a comprehensive suite of tools to secure the industry at scale. CertiK Like most crypto auditors, CertiK specializes in smart contract security assessment and KYC verification. However, this company stands out through innovative products that helped it build a solid portfolio of prestigious brands. Its prominent clients include Aave, BNB Smart Chain, Terra, Yearn, Polygon, and Chiliz. One of CertiK's most sought-after tools is Penetration Testing. The company employs cutting-edge technology to replicate black hat hacker attacks in realistic simulations. Project developers can use this service to find flaws before potential attackers do. Moreover, it increases project security, whether it is a wallet, an exchange, or a decentralized application. Skynet is CertiK’s end-to-end security tool mixing on-chain and off-chain data to produce an all-in-one security analytics platform. Clients can rely on this service for data-driven insights into Web3 projects and communities. Other helpful CertiK tools include SkyHarbor, a digital asset-monitoring service, SkyTrace, a wallet-tracing feature, Layer-1 chain security assessment, and advisory services. CertiK maintains its industry-leading position with proprietary mathematically-tested methods for validating smart contracts. Furthermore, it explores the crypto space past auditing and verification. For instance, the company built a public blockchain, CertiK Chain, to leverage its formal verification platform. OpenZeppelin is a cybersecurity technology and services company offering security products to build, automate, and operate decentralized applications. The company is also among the most seasoned auditors in crypto, operating since 2015, albeit for the first 4 years under the name Zeppelin. Its services are unanimously acclaimed within the industry, allowing the company to brand itself as the “standard for secure blockchain applications.” OpenZeppelin Numerous new projects seeking smart contract auditing apply for OpenZeppelin’s security tools. The company employs highly-skilled professionals worldwide and safeguards tens of billions of dollars in funds for leading crypto organizations. Some of the biggest brands endorsing OpenZeppelin include Coinbase, Ethereum Foundation, Compound, Aave, and The Graph. Many auditing companies diversify their services, essentially becoming jacks of all trades. OpenZeppelin diverges from this trend by providing a limited yet proficient list of high-performance products. The company’s security audits verify the projects’ distributed systems function as intended. The team’s expert engineers review these systems’ architecture and codebase thoroughly. Next, they compile a comprehensive report, including actionable feedback for every issue they encounter. This way, even the least experienced developers can get a hint on how to improve the security of their smart contracts. The OpenZeppelin Contracts are Solidity libraries helping projects minimize security risks. This feature comprises "battle-tested" smart contracts for the Ethereum network and other blockchains. Moreover, it includes the most used implementations of ERC standards. Also, it enables developers to start coding while using standard, tested, community-reviewed code. Another popular OpenZeppelin security solution is Defender. This tool lets clients automate smart contract operations and create high-quality products with minimal risk. The company continues its mission to secure the crypto and Web3 space with consistent development. For example, in 2021, it announced a $23 million investment in Forta, a security service focusing on smart contracts. Solidproof is among the top auditing companies in crypto, blockchain, and the Web3 industry. Its main areas of expertise include smart contract verification, in-depth KYC procedures, and high-security data storage. However, the Germany-based company also provides prime marketing solutions to help projects raise awareness and gain supporters. Solidproof Smart contract security became a major concern following the DeFi boom of 2020. Solidproof launched immediately after seeking to secure an emerging industry in danger of being overrun by scams and fraudsters. The company quickly earned the crypto community's trust thanks to its "Made in Germany" blockchain security solutions. To date, Solidproof has serviced over 800 clients, performing more than 770 audits and roughly 330 KYC verifications. Project developers can rely on Solidproof’s simple but effective auditing process. After agreeing on a quote, the company’s expert auditors check the project’s contracts manually line-by-line. Clients can then encounter all the potential vulnerabilities in the audit report and attempt to solve them. This process repeats until the smart contract’s code is flawless and ready for launch. Alternatively, customers can opt for Solidproof's Automated Audit Tool to verify their smart contract codes quickly and efficiently. A successful KYC verification from Solidproof is a stamp of approval for any crypto or Web3 project. The company provides reputable Know-Your-Customer procedures, including advanced authentication of each team member, live calls, and internal reviews. This way, the project team proves its valid background, and potential supporters are sure they are not funding a scam. Solidproof supports up-and-coming projects to gain more support in the crypto community, social media followers, and other marketing services. Some of its clients include Etna Network, PulseX, ShibaMoon, and Daima Token. Lastly, the company partnered with prominent brands like Unicrypt, Etherlite, and Pathfund. These tier-1 smart contract auditors are the primary go-to security providers for upcoming and established projects in crypto, blockchain, and Web3. Their cutting-edge auditing tools, KYC procedures, and security tools are vital in the industry's strenuous mission for a safer and more sustainable future. Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. On  13/03/2024, this post was updated to add Hacken to this list to keep the post fresh and relevant. This story was distributed as a release by Crypto Adventure under HackerNoon’s Brand As An Author Program. Learn more about the program here .

Tier 1 Smart Contract Auditors: Hacken, Hashlock, Cyfrin, CertiK, OpenZeppelin, SolidProof

Auditores de contratos inteligentes de nivel 1: Cyfrin, CertiK, OpenZeppelin, SolidProof

Auditeurs de contrats intelligents de niveau 1 : Cyfrin, CertiK, OpenZeppelin, SolidProof

टियर 1 स्मार्ट कॉन्ट्रैक्ट ऑडिटर: साइफ्रिन, सर्टिके, ओपनज़ेपेलिन, सॉलिडप्रूफ

Tier 1 スマート コントラクト オーディター: Cyfrin、CertiK、OpenZeppelin、SolidProof

Auditores de contratos inteligentes de nível 1: Cyfrin, CertiK, OpenZeppelin, SolidProof

Người kiểm tra hợp đồng thông minh cấp 1: Cyfrin, CertiK, OpenZeppelin, SolidProof

一级智能合约审计师：Cyfrin、CertiK、OpenZeppelin、SolidProof

In the presentation below, Brent Milliken, Ex-Head of BD Enterprise at Chainlink Labs provides an overview on the work Chainlink is doing to on-board traditional sectors to the burgeoning smart contract economy and change the way corporations are run in the near future. Here are some highlights from his talk. https://youtu.be/aZXscc46TN0?embedable=true What is Chainlink? Chainlink is the market-leading oracle network, helping secure hundreds of billions in DeFi and providing off-chain data and compute to thousands of dApps and DAOs. Initially launched in 2017, Chainlink decentralized oracle networks enable blockchains such as Ethereum and Solana, as well as applications on these chains, to securely connect to a wide variety of real-world data and off-chain computation. Linking on-chain environments with real-world data and systems helps to increase the possible use cases for smart contracts. Three Pillars of Digital Change Chainlink is providing services for applications supporting the three main pillars of digital change: digital information, digital assets, and digital agreements. Digital assets solve issues regarding ownership of real-world assets by introducing tokenization for storing value digitally. Digital agreements will be an important part of how traditional enterprises will start adopting smart contract technology, as corporations move towards using cryptographic proofs. These three pillars will fundamentally change the way corporations and many societal transactions  are run in the next few years. The world is moving from paper guarantees (probabilistic) to cryptographic guarantees (deterministic). Chainlink is being built to help make cryptographic truth the future of all reliable agreements. Smart contracts are becoming the dominant form of digital agreements. Even traditional industries are being reinvented on the blockchain. Some examples include the , and building a decentralized flight insurance platform. When comparing web2 and web3 technologies, having cryptographic truth assigned to those technologies is the main value proposition that blockchain technology can provide. As such, Chainlink is being built to help create a world powered by cryptographic truth and to become a universal standard underpinning digital agreements. Associated Press moving news data on-chain Etherisc Cryptographic truth or guarantees address the issue of weak paper guarantees, which have long plagued traditional institutions. Some examples of how weak paper guarantees have negatively affected the public are Bernie Madoff’s , the , the , and Robinhood controversially on GameStop stock. Aside from these adverse situations, bank accounts, mortgages, insurance policies, and other important facets of the real world are still based solely on paper guarantees. infamous Ponzi scheme Wirecard scandal Enron scandal halting trading However, we are already seeing improvements with some of the trust-minimized applications that the CeFi (Centralized Finance) world is building. Chainlink provides cryptographic guarantees that are deterministic and definite. Unexplored Smart Contract Use Cases While DeFi is the most widely-known use case of smart contracts and oracles, Brent believes that the full implications and possibilities brought about by smart contracts are still not fully understood. If, for example, global TradFi markets start operating via hybrid smart contracts, the market for smart contracts would potentially be worth trillions of dollars. These markets include enterprise systems, asset management, tokenized carbon credits, payment rails (a payment rail is a payment platform that moves money from a payer to a payee, such as PayPal.), Central Bank Digital Currencies (CBDCs) like China’s digital Yuan, global insurance, commodities, real estate, capital markets, and more. According to Brent, it is only a matter of time before corporations start exploring the possibilities brought about by smart contract technology. Whatever application of smart contracts they end up using, Chainlink can provide data and computation to their smart contracts. Smart Contract Economy Oracles are a vital piece of blockchain infrastructure that will enable a feature-rich smart contract economy. High-quality data is needed for the growth of the smart contract economy. Currently, decentralized applications (dApps) like (a cryptocurrency wallet built for DeFi use) are highly reliant on oracles to function. High-quality data will become much more important to business cases in the future once traditional enterprises start onboarding to the blockchain economy. Reference contracts must be highly responsive, and have high-quality data as well as strong quality guarantees. These inputs are crucial for ensuring high-quality cryptographic guarantees. Metamask Services Powered by Cryptographic Truth introduces automated verification of reserves for dApps and other types of applications. One use case of it involves helping to verify the reserves of collateralized stablecoins. Stablecoins are typically backed one-to-one with fiat or other assets. Chainlink Proof of Reserve offers a verification service for the reserves of tokens used as collateral, thus providing the ability to verify if a stablecoin is truly collateralized as advertised. This helps reduce systemic risk across the protocol and the broader ecosystem, ultimately helping to protect users. Chainlink Proof of Reserve is also experiencing a huge increase in adoption. VRF functions as a random number generator on-chain, providing dApps with tamper-proof random numbers. Currently, VRF has many users across the crypto gaming and NFT industries. For example, randomness is required to ensure the NFT minting process is fair and every user has an equal chance at minting a rare NFT. Chainlink VRF generates and and is backed by a cryptographic proof, which is then delivered onto the blockchain. Chainlink Verifiable Random Function (VRF) computes randomness off-chain Another important service powered by cryptographic truth is cross-chain communication. The (CCIP) is being built to provide a framework for developers to build solutions that enable cross-chain token transfers, messaging, and other sophisticated actions across different blockchains and web2 systems. Cross-Chain Interoperability Protocol Case study: Tokenized Carbon Credits One exciting case study that Chainlink helps enable is through a collaboration with Greenworld, a non-governmental organization (NGO). NGOs are nonprofit groups independent of governments, organized primarily by private citizens. Greenworld has a product called A.I.R.S, in which farmers in Africa are paid to regenerate farmland. Once the farmland starts growing and thriving, satellite imagery can capture the change from a barren landscape to a regenerated forest. The Chainlink oracle gets this data  feed from satellite imagery. This collaboration adds to the many different combinations of use cases that oracles help to empower, providing a lot of excitement and hope for the industry. Accelerating enterprise adoption of smart contracts Chainlink is also accelerating enterprise adoption of smart contracts, which is a challenging task given that traditional enterprises are storing 20-30 years of data on legacy IT systems. Large enterprises will be able to utilize Chainlink as an to accelerate this migration. Enterprises can connect their existing data and systems on-chain through the services Chainlink provides. is one example of an enterprise adopting smart contracts with a real business case. They have worked with Swisspost to launch a . abstraction layer Swisscom 100% Swiss infrastructure for blockchain applications Chainlink was a Gold Sponsor of the inaugural Blockchain Oracle Summit: Berlin. BOS22 was the first conference to focus solely on the importance and design of oracles. Leading speakers from across the DeFi-TradFi spectrum came to Berlin to provide deep dives into their work using oracles to power exciting use cases of blockchain technology. Find out more about Chainlink: Chainlink Documentation Chainlink Twitter Chainlink Discord Chainlink YouTube

An Intro to Chainlink: 3 Pillars of Digital Change

Saša Milić is uniquely placed to compare oracle networks objectively. On top of being a software engineer and data scientist, Saša is also a co-founder of API3. While she no longer works full-time at any network, Saša has worked closely with various oracle projects in the last few years; during her presentation at the Blockchain Oracle Summit, Saša shared “a smattering of hot takes” about some of the more widely used oracle networks in the space today – including Chainlink, UMA, Tellor, Nest and BAND. In this article, we’ll guide you through her presentation, sharing key concepts. https://youtu.be/c0aOAkjzTRA?embedable=true Chainlink Oracle Review The most widely used oracle network today, has a reputation for providing consistently good data. According to DeFi Pulse (at the time of presentation), 15 of the top 20 DeFi protocols by Total Value Locked (TVL) use Chainlink, making the network a cornerstone of the DeFi Ecosystem. Chainlink Chainlink works through a decentralized network of nodes that collect data from reliable sources and aggregate the results on-chain. Chainlink refers to this as “t ” because each oracle network, node operator, and the data source is selected in a decentralized way. hree layers of decentralization According to Chainlink, this in the network. eliminates any single point of failure Chainlink, established in 2017, is well-known for consistently providing reliable price data. Chainlink currently caters to the larger part of the DeFi ecosystem, with a majority of the top DeFi projects using their oracle services. Some projects using Chainlink price feeds include , , and . Aave Compound Synthetix Out of all the oracle projects currently on the market, Chainlink seems to be investing the most in cryptography research. According to Saša, almost half of the team at are qualified cryptographers. Chainlink has also integrated two Cornell projects, and . Town Crier is a system that connects smart contracts to external data from trusted websites while also ensuring the confidentiality of the data. Chainlink Labs Town Crier DECO DECO uses zero-knowledge proofs to verify off-chain data while maintaining full data privacy. Chainlink’s whitepapers were also co-authored by well-known cryptographer and Cornell Tech professor Ari Juels who is now the Chief Scientist at Chainlink Labs. Since Saša’s talk at BOS22 in June, Chainlink has that staking will be live later this year. Staking will provide the network with more crypto-economic security, as stakers will initially be tasked with identifying and reporting node operators that fail to meet predetermined standards. For more information on LINK staking, read . announced this article UMA Oracle Review At , security is formalized in an economic guarantee around the cost of corrupting an oracle through their Data Verification Mechanism (DVM). The way these economic guarantee works is based on the idea that every oracle has a minimum price needed to become corrupted. In most cases, this is the price needed to take control of 51% of the voting tokens and is called the Cost of Corruption (CoC). UMA On the other side of the CoC is the potential (PfC). This is the maximum amount of money that can be gained from corrupting an oracle. Therefore, if CoC is kept above PfC, there would be no economic incentive for someone to corrupt the oracle. UMA is designed to measure the PfC of all the contracts in their system, then keep CoC above that number through a series of token buybacks triggered when necessary – more information . Profit from Corruption can be found here UMA also employs the concept of the “Optimistic Oracle” based on their . In essence, when a contract requests data – the “requestor” – anyone can propose an answer – the “proposer.” dispute resolution model The proposer needs to post a bond together with their data. Anyone else can verify that data and raise a dispute to UMA’s DVM if the data is incorrect – the disputer. If no one disputes that data within a set amount of time, the proposer’s bond is released back to them, and they are paid a pre-agreed fee. Because disputes are economically incentivized, a lack of disputes can be seen as verification that a piece of data is true. This mechanism is what makes UMA an ‘optimistic’ oracle. Tellor Oracle Review was one of the earlier projects to talk about (OEV). Simply put, OEV is the potential profit a party could earn by being in the position to update the oracle. Similar in principle to Miner Extractable Value (MEV), if only one party is allowed to update an oracle, they would be in a unique position to take advantage of the difference in prices before they make the update. Tellor Oracle Extractable Value For example, if party A has control of the ETH/USD price feed updates on a certain exchange, then that party can make trades before updating the prices since they know which way the price is going. Tellor approached this potential problem by building an oracle protocol that is truly decentralized, allowing anyone to be a data provider. Their protocol takes advantage of OEV as a means of making payments to oracle data providers rather than using gas fees. A more in-depth explanation of OEV can be found in written by Nicholas Fett, CTO of Tellor. this article Tellor has also been integrated as a fallback oracle in the Liquity protocol’s , which is significant given the effort that the team at Liquity has put into oracle research and their top position on the list. dual-oracle system DeFi Safety Conversely, Tellor’s dispute resolution system has a natural paradox. The system works by paying people to dispute incorrect data. If they raise their dispute successfully, they are paid in Tribute (TRB), Tellor’s native token. The presence of disputers, therefore, works to discourage false reports in the first place. However, since disputers profit from reporting faulty data, discouraging false reports would decrease the demand for disputers since no faulty reports mean no one can profit from disputing. This, in turn, leads to no one watching the data to dispute its accuracy, which then creates more opportunities for false reports. This, as Saša notes, is not a problem unique to Tellor but is common in optimistic oracle systems. Nest Oracle Review is currently only used for price feeds, and miners provide the data for these prices. Nest When miners report a price, they have to put up the same amount of money that they are reporting. This means that if they indicate the wrong price, it creates an opportunity for someone to take advantage of the difference between the reported and actual prices to make a profit. Band “Cross-chain data oracle.” According to Saša’s research, has relatively high adoption within DeFi projects. Despite that, there has been only one known exploit of Band, indicating their overall reliability. Band Protocol Band’s are speed and scalability – to process a large number of data requests within seconds; cross-chain compatibility – to be able to serve most of the available blockchains, and data flexibility – to handle different types of data and the different ways they are retrieved. This, according to Saša, is lacking a key area – security. design goals Band also runs a separate blockchain called . This makes it harder to evaluate its security because the security of the oracle is dependent on the overall security of this sidechain – explained here by . Bandchain CoinDesk Additionally, BAND holders do not participate in validation directly on Bandchain. Instead, they delegate their tokens to validators, who run validation nodes and retrieve data from the data sources. In each request, validators are randomly selected to retrieve and verify the data before committing them to the blockchain – more information about their system can be found . Given the vital role that validators play in this system, Saša  is unsure if the low number of validators (67 actives at the time of publication, based on ) here Cosmoscan The Blockchain Oracle Summit was the world’s first conference to focus solely on the importance of oracles and their design. Leading builders and researchers from around the world gathered in Berlin to share their work and discuss challenges faced by a close-knit group of hardcore oracle enthusiasts. To keep up with more of Saša’s hot takes, follow her on . Twitter

Saša Milić Offers Hot-Takes on Chainlink, UMA, Tellor, Nest, and Band Protocol

What is Data Warehousing and Why Cryptography Disrupts Traditional Data Warehouses Analytical tasks in business intelligence (BI) are best served by a data management system known as a . Data warehouses are massive, specialised databases whose primary purpose is to store and facilitate analysis and querying over vast volumes of previously collected information. The information in a data warehouse might come from various places, including transactional software and application log files. data warehouse With the help of a data warehouse, vast volumes of information from many locations may be easily accessed and analysed. Analysing data helps businesses get the knowledge that may be used to make better decisions. Data scientists and business analysts may benefit significantly from the historical record that accumulates over time. With these features, a data warehouse may serve as an organization’s “single source of truth.” Further, an Enterprise Data Warehouse (EDW) is an organization’s data repository in one convenient location. Employees use it all around the company to help them make decisions. It provides a standard method for cataloging and displaying information. This feature also allows data to be categorised by topic, allowing for more granular levels of access control. With the use of distributed ledger technology, this single source of truth can be protected via cryptography and an underlying decentralized network which minimizes the risk of a single point of failure during a cyber attack or breach. Blockchain and Data Warehousing Improved data warehouse operations result from close coordination among all parties involved in the supply chain. However, weak cooperation and poor transparency are the effects of having several organisations working with many sophisticated technologies. Blockchain provides secure data sharing and streamlined communication by connecting all essential parties on a single data hub, this central database may be automatically updated with new information in conjunction with the IoT (Internet of Things) and further protected by a decentralized network. For instance, in the meat industry, the transported beef must be kept at a temperature of 4 degrees Celsius or less. Verifying and recording its temperature at each stage of the supply chain while keeping the data secure and easily accessible is achievable with the help of blockchain and IoT. Since both methods disclose the food’s condition, the whole supply chain may rest comfortably knowing it has been checked, verified and authenticated. Furthermore, and in the food supply chain can significantly improve food safety. Walmart IBM have shown how using Blockchain technology The warehouse may also employ Smart Contracts, which are contracts written in code that execute themselves based on the conditions agreed upon by both parties. For example, if a linked pallet is delivered, the system would broadcast the confirmation, delivery time, and condition to the blockchain for verification, provided they meet the agreed-upon criteria. If everything checks out, the right people will be paid. Automation of this kind significantly improves productivity, transparency and safety for stakeholders where blockchain plays an instrumental role in protecting the data in rest and data in transit. What is Happening? Space and Time, a Web3 native data platform, has raised $20 million in strategic capital from notable investors led by Microsoft’s M12 fund to enable the trustless business logic automation using the company’s patent-pending Proof of SQL encryption. Many other Web3 prominent communities and angel investors are also part of this fundraising round, in addition to Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard the Avalanche Fund, Stratos, Hash Capital, Coin DCX, and others. For $10 million, Space and Time’s inaugural fundraising round was spearheaded by the cryptocurrency investment company Framework Ventures. Space and Time merge on-chain and off-chain data in a trustless setting to facilitate low-latency transactions and enterprise-scale analytics. Through the protocol’s decentralised data warehousing features, users of Space and Time’s next-generation data platform may create, combine, and query immutable and changeable tables with cryptographic assurances. The company can speed up engineering and product development processes with these funds. Space and Time’s product and customer adoption will get over 90% of the budget. In order to unleash Web3’s full potential, it will be necessary to provide enterprise-grade tools capable of handling data sets much greater than what can be processed on-chain at now. As a result of advancements in both Space and Time, the business logic of centralised systems will be automated and directly linked to smart contracts. As a firm that specialises in both platforms and tools, Microsoft is dedicated to helping its partners and customers with all of their technological requirements, including those related to Web3 scenarios and use cases. By integrating with Azure, Space and Time will make it easier for Azure users to access, manage, and analyse blockchain-native data. In this age of pervasive computing, Microsoft Azure’s complete cloud platform and market-leading identity and security features provide a reliable set of services to build and operate Web3 apps. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program What is Space and Time? To provide smart contract applications with a wide range of enterprise-grade use cases, Space and Time is the first Web3-native decentralised data warehouse that integrates on-chain and off-chain data. The platform, built as part of Chainlink Labs’ Startup with Chainlink project, enables users and developers to link analytics directly to smart contracts using unique Proof of SQL cryptography, expanding the scope of possible use cases and business logic for smart contracts. For Web3 programmers working on DeFi and Web3 games, or any other project requiring next-gen analytics, Space and Time was designed from the bottom up as a multichain data platform. Final Thoughts on the First Decentralized Data Warehouse In my opinion, a database management system backed by distributed ledger technology which uses cryptography as a mode of encryption will be the next game changer in the field of data management and will be critical for the future of building web3 applications. Don’t forget to like and share the story! Image credits: and . Chris Liverani Luke Chesser

Space and Time Receives $20 Million in Strategic Investment Led by Microsoft's M12 

Space and Time recibe $ 20 millones en inversión estratégica liderada por M12 de Microsoft

In today's world, environmental, social, and governance initiatives are accelerating, becoming a criterion for businesses seeking investments from socially conscious investors. As a result, companies have begun to invest in environmental, social, and governance (ESG) initiatives to address wider societal concerns than simply bottom-line profitability. The importance of ESG in these times cannot be overstated, as there is a need to raise awareness of global social and economic inequality and develop effective governance frameworks to address these issues. billions of dollars Adoption of blockchain technology can be very beneficial in promoting ESG initiatives by improving overall decentralized infrastructure and, in the long run, making these initiatives digitized and automated. For example, a recent report from Banking America with predictions for 2022, confirmed that one of the biggest trends in corporate America is ESG: “Nine in ten banks are paying attention to ESG and one in two would change parts or all of their business in response to new regulations. But nearly one in five, or 17%, says regulations won’t ever be put forth, a dangerous assumption given SEC chair Gensler’s public comments to the contrary.” It seems so-called ‘ESG risk’ is a real concern, and not just for corporate America. In this article, the aim is to look at various pain points surrounding emerging ESG initiatives that blockchain technology can help solve. While at the same time aware of the fact there’s no unified definition, which means the ESG label is used in a variety of ways. The second layer of complexity to this whole discussion is that the leading blockchain technology, Bitcoin has itself been criticized on ESG criteria, particularly regarding its high energy use. Indeed, a joint letter to leading US congressional representatives, from a whole host of national and international organizations, pointed to the importance of considering ESG when looking at the regulation for crypto to address “ ” the real negative climate and environmental justice effects, which merit close attention by policymakers. The role of Bitcoin in energy consumption Bitcoin as the first blockchain employs a proof-of-work consensus that necessitates a significant amount of energy. According to reports, bitcoin mining consumes more than 100 terawatt-hours (TWh) of electricity per year, enough to power an entire country. For example, Scotland has a population of just over five million and requires 25 TWh of electrical energy each year. It’s argued that the energy requirements of bitcoin mining have hampered the adoption of blockchain technology, as skeptics believe Bitcoin pollutes the environment, generating high carbon emissions year after year. While this is partially correct, BigONE believes these figures have been misinterpreted. According to a report, 76% of proof-of-work miners worldwide use renewable energy, and renewable energy powers 39% of total proof-of-work mining. Looking at these statistics, it is clear that over time, Bitcoin miners will increasingly resort to using renewable energy that has much less impact on the environment when mining Bitcoins. In addition, current estimates show that Bitcoin’s energy consumption will reduce over time, after peaking in the next decade. As crypto guru Nic Carter said in a to the October 2021 protest letter to US politicians: “Miners also participate in demand response, meaning they aren't online when the grid is overburdened. Cambridge Center for Alternative Finance (CCAF) Twitter reply thread Their presence dramatically improves economics for renewables and does not compete with households during scarcity events.” Furthermore, given the recent crackdown on miners in China, experts believe that energy consumption in Bitcoin mining will be significantly reduced, allowing for the adoption of blockchain technology in ESG initiatives. ESG initiatives helped by blockchain technology Blockchain technology can be a valuable tool in mitigating environmental issues such as climate change and carbon emissions. BigONE would look at some aspects of ESG initiatives that can be improved further by blockchain technology, such as: : Blockchain technology has the potential to improve supply chain traceability, an issue that has come to the fore with the global impact of COVID-19 on logistics. At another level blockchain technology is a distributed ledger technology that can protect important company data from hacking because data is stored in a decentralized manner. This has a significant application in the food industry. Consumers' demand for ethically sourced products has increased, particularly in the food industry. Users can use blockchain technology to trace the supply chain of these products and determine whether they are safe for consumption. Improving supply chain traceability and efficiency As a result, blockchain technology improves the environment for suppliers, distributors, transporters, and retailers by making supply chains more efficient. In on ‘The Economic Impact Of Smart Ledgers On Word Trade’ estimated the potential impact of blockchain technology worldwide to be “anything from a ‘modest’ rise in global trade of $35 billion per annum to perhaps as much as $140 billion.” Indeed, as global logistics has been hit by a squeeze in the supply of containers, the report estimated that using blockchain could be reduced by $46 per container. Meanwhile, .” 2018 a report BMW is using blockchain to “ensure the traceability of components and raw materials in multi-stage international supply chains : With the introduction of blockchain technology, the use of renewable energy can be expanded, potentially leading to a reduction in carbon emissions. Additionally, blockchain technology can be used to enable carbon offset, a way to compensate for emissions by funding an equivalent carbon dioxide saving elsewhere. Companies can use blockchain to offset their carbon footprint by investing in sustainable environmental projects. Combating climate change To put this in context, the Carbon Offsets to Alleviate Poverty organization has begun to increase the availability of carbon offsets. When asked about the impact of blockchain technology in combating climate change, Adelyn Zhou, the chief marketing officer of Chainlink Labs, said, "While many people are voluntarily altering their consumption habits to combat climate change, a global shift in consumption will likely require significant incentive changes to drive sustainable behavior. accepting cryptocurrency donations Self-executing contracts enabled by a combination of blockchains and oracle networks that pull data from the real world can automate incentive systems to directly reward practices that help our environment.” Zhou points to the Green World Campaign and Cornell University who in partnership are developing smart contracts that will reward people who successfully regenerate tracts of land by increasing tree cover, improving soil, and implementing other restorative agricultural practices. “When Chainlink oracles pull-proof of land improvement (via satellite imagery) onto the blockchain, it triggers the smart contract to release a payout. With this system, land stewards can quickly and efficiently receive their rewards,” Zhou confirmed. : BigONE also believes that blockchain technology can improve the current reporting standards for ESG initiatives. One of the most severe issues with ESG initiatives is a lack of accountability, as no mandated reporting standards exist. This can be addressed by implementing blockchain technology, which increases transparency and consistency associated with blockchain reporting frameworks and standards. According to , in an article in Advance ESG, precise and timely information is required to allow for periodic adjustments to assure the company’s ESG goals are being met.  “The verification of the accuracy of this information is crucial. And it is exceedingly complex when the supply chains cross multiple geopolitical boundaries. Blockchain, a relatively new technology known best for cryptocurrency, can play a key role,” Saavedra confirmed. Standardized ESG reporting Alberto Saavedra BigONE’s support for ESG We also believe it would be counter-productive to focus on the narrow argument about Bitcoin's energy consumption while overlooking the numerous benefits this integration can provide. Instead, we should focus on the fact that blockchain technology has already played a critical business role, particularly in the finance and gaming industries. As a proponent of ESG initiatives BigONE believes more sustainable infrastructure can be put in place with the incorporation of blockchain technology, improving the overall positive outcomes of such initiatives. In addition, blockchain technology can enhance governance frameworks and sustain value by providing much-needed transparency and verification processes. As a testament to its ESG credentials on January 7 BigONE Exchange listed an exciting new crypto project aiming to grow solar power using its innovative tokenomics. It's making use of the exchange’s new automated market maker (AMM) service to give a share of dividends to each user who contributes to the liquidity pool, to ensure a successful listing. The liquidity mining-based system will place the funds in the funding pool according to the AMM's algorithm to provide greater liquidity for each market. The Light DeFi’s own crypto network fee is financing the development of a new solar power plant in northeast Brazil. With an estimated annual revenue of $500,000, and around 80 jobs in the first part of the project, work has already started on building the solar power plant in São Luis do Curu, using local labor as part of their wider commitment to sustainability. BigONE chairman Anndy Lian joined Light DeFi as an investor and advisor to help lead their ESG (Environmental, Social, and Corporate Governance) and blockchain efforts. It was Light DeFi's community that was crucial to bringing him to the sustainable project in blockchain technology. in which blockchain expert Anndy Lian wrote that to save the planet, the first step would be to join in the clean energy space, Light DeFi's community responded with many of the community replied by writing about Light DeFi's revolutionary project. BigONE chairman Anndy Lian said: “To deliver on the ambitious targets to reduce emissions, to deliver on social justice and governance, we need to use blockchain solutions in order to provide data accuracy and transparency. Individuals, and the public and private sector need to work together to meet climate goals, and cryptocurrency and smart contracts running on the blockchain provide necessary infrastructure from micro incentives through to macro tracking.” Through a tweet

Analysis of Blockchain Technology Adoption for ESG Initiatives in Business

Blockchain has been one of the most revolutionary technologies impacting areas such as finance & banking, insurance, supply chain management and management of public documents. Developing a new technology ecosystem is never an easy thing and that is why there is a need for assistance from additional stakeholders in the form of funding and research. Grants have been one of the best approaches to support the development of blockchain technology. These grants support the creation of cryptocurrency wallets, dApps, and other protocols. The following are some of the top grants in the blockchain space: Avalanche Avalanche is an open and programmable smart contract platform for decentralized applications. It allows developers to build low-cost, fast and Solidity-compatible dApps. The same developers can launch private, public and customized blockchains. $AVAX is the native token on the Avalanche network. Avalanche-X grants Avalanche-X was launched in early 2020 and has been offering grants to developers who create different products. Some of the solutions that can apply for include: Avalanche-X grants The program supports developers who can create decentralized exchanges that are easy to use and also secure Decentralized exchanges. . Avalanche finances developers who can create next-generation stablecoins on the platform Stablecoins . The platform supports developers who can create robust DeFi synthetics and derivatives Synthetics and Derivatives . Those who can build a non-custodial lending solution on Avalanche can also apply for funding Lending The $200M+ Blizzard Fund is the latest fund that has been launched by Avalanche as of this writing Polkadot Polkadot is a platform that allows the cross-chain transfer of any type of asset or data. The platform is known for its economic scalability, allowing a common set of validators to secure multiple blockchains. Polkadot Ecosystem Grants In 2019, the Web3 Foundation, the company behind Polkadot, launched several that focus on funding software development and various research efforts related to Kusama, Polkadot and Substrate. grant programs Polkadot also launched its own grant programs to support growth and expand the network. The following are some of the : grants programs available on Polkadot The Builders Program This program is designed for both Shiden Network and Astar Network. The Builders Program features early-stage project grants, marketing support, technical support, and connections with ecosystem investors and supporters. Acala The Acala Foundation Grant seeks to fund software development products and research in the field of DeFi protocols that benefit the Karura and Acala ecosystems. Maximum funding is capped at $50,000, but those who need more can apply for further review. The Acala Grants committee reviews the applications on behalf of the Acala Foundation and notifies the applicants with a decision. ChainX ChainX is a grant program that focuses on community/software development and market expansion. A budget of less than 10,000 USDT passes review as soon as possible. However, a budget of more than 10,000 USDT but less than 50,000 USDT may need more review time. Polygon Polygon, formerly MATIC, is a framework and protocol for building and connecting Ethereum-compatible blockchain networks. The protocol also provides scalable solutions on Ethereum to support a multi-chain Ethereum ecosystem. Polygon Grants Hackathon Polygon in partnership with Dorahacks launched the in August 2021. The hackathon’s aim was to support early-stage ideas in the blockchain world. Some of the supporters of the hackathon are Deri Protocol, Chainlink Labs, Furucombo, HashKey Capital, Pocket Network, TOPS LABS LTD, Protocol Labs, Covalent, ParaSwap, Chainstack, Balancer Labs, Unmarshal, Stardust, QiDao, and Biconomy. Polygon Grants Hackathon Funds are raised through the approach which amplifies the donations made by a large part of the community over the contributions made by a smaller group with larger pockets. Quadratic Funding The grant pool also matches an additional amount using the quadratic funding formula. $MATIC is the currency that is used to support the projects. Polygon protocol users are allowed to vote for different projects during the hackathon and donate MATIC tokens that go to the pool. Harmony Harmony is a fast and open blockchain whose mainnet runs Ethereum applications with 2-second transaction finality and low fees. It is an open protocol for collectibles, assets, governance, and identity. Harmony also comes with secure bridges that offer cross-chain asset transfers with Binance, Ethereum, and several other chains. Harmony Grants are meant to drive the platform’s mainnet utility, i.e. cryptographic innovations and decentralized community. The projects need to be aligned with the 2020 roadmap that touches on auditable privacy and cross-border finance. Harmony Grants 154.2 million tokens from Harmony Foundation go to the protocol and ecosystem development every month. Details about the grants and projects are always transparent to everyone. The Harmony Grant website provides information such as application materials, community discussions, funding amounts, wallet addresses, and governance decisions. , , , , and are members tasked with grant approvals and governance on this protocol. Harmony Community elected validators Harmony Angels Pangaea Captains Harmonauts Several months ago, Harmony launched a $300 million ecosystem fund targeting 10,000 builders. Solana Solana is one of the fastest-growing blockchain protocols that some people have termed as the “Ethereum-killer”. Despite being launched in 2020, now has over 400 projects spread across different niches such as NFTs, DeFi, and Web3. Solana Solana Grants The Solana Grants Program is meant to help new end-user applications and new infrastructure projects launch to democratize the global financial system and the internet. The following are some of the from the Solana Foundation. grant opportunities . Grant is awarded to those creating on-chain stake pools. Solana Foundation funds projects that create a web application that allows users to delegate their SOL to stake pools through a ‘one-click’. Those who win the grants receive $12,500 in USDC-SPL or SOL. Stake Pool Delegation UI . In a bid to support on-chain stake pools, the Solana Foundation supports teams that can develop analytics and public monitoring tools for various stake pools. Depending on where the winners of the grant are located, they can receive either 300 SOL or $12,500 USDC-SPL. Stake Pool Ecosystem Dashboard . This grant targets teams that will deploy stake pools to Mainnet Beta, those who educate the broader community and innovate on delegation of bot algorithms. Depending on where the applicants are located, grant winners are awarded either 250 SOL or $10,000 USDC-SPL. Stake Pool NEAR NEAR is a protocol that empowers millions of developers to invent and explore new experiences through technology that is scalable, secure, and simple. has created a platform where business, community, and creativity are being reimagined as evidenced through its tagline ‘reimagine your world’. NEAR NEAR Grants Program NGP or Near Grants Program, worth $250 million, was launched in February 2021. $45M was allocated across 120+ projects and the funding is spread across the next four years. The streams that can apply for grants from NEAR Foundation include: . Entrepreneurs seeking to bootstrap a decentralized app on the NEAR ecosystem Startups . Educators who want to create videos, workshops, tutorials, write docs for builders Education initiatives Developers of open source components can apply for grants irrespective of whether they are standalone or part of a project Open-source and public goods. NEAR recently an $800M fund which is meant for its protocols’ ecosystem growth. announced Binance is the largest Cryptocurrency exchange based on daily trading volume. There are more than 500 crypto-crypto trading pairs and virtual tokens on the platform. Binance Coin ($BNB) is Binance’s native token. Binance Binance_X Grants Binance X Fellowship Binance X is a program that supports talented researchers and developers that create free and open-source applications that will benefit the crypto space. As a Binance X Fellow, developers and researchers have access to a wide network of researchers, founders, developers, and portfolio companies for meaningful mentorship and guidance. BSC Accelerator Fund BSC Accelerator Fund is a fund meant to accelerate or grow projects created on the Binance Smart Chain Ecosystem. Blockchain for India Fund Blockchain for India Fund is a fund that focuses on crypto projects and ideas from India and is run through Program Polaris. Billion Dollar Grant Binance Smart Chain recently launched a $1B grant fund, the biggest ever in the crypto industry. The fund is spread across four different categories: $100M for talent development pool for research & development and academic scholarships $300M for liquidity incentive programs $300M for hackathons on builders programs and incubation of 100 VC-backed decentralized apps $500M as an incubation and investment fund for new BSC projects and startups Fantom Fantom is a highly scalable blockchain protocol for crypto dApps, DeFi, and enterprise applications. Developers can create blockchain products using Solidity and various tools such as Truffle, MetaMask, and Remix. The 370 million FTM (approximately $314M at the time of inception) fund The Fantom Foundation announced the launching of a $314M fund distributed to both existing and new projects and aid protocol teams in developing new products on Fantom. Ecosystem grants have become common in the blockchain space. Even though there are many such grants at this point, the above grants are the most notable. We will keep updating this article whenever we come across good ecosystem grants. Also published here.

Shut Up and BUIDL: Top Blockchain Ecosystem Grants to Fund Your Project

Stories, News & Mentions about CHAINLINKLABS

Chainlinklabs’s Stories on HackerNoon