The ether allocation comes amidst leadership changes aimed at improving technical expertise, communication, and support for app builders.

Ethereum Foundation Moves $165M in ETH to Participate in DeFi

This week's launch of the new "data availability" network Celestia came with an airdrop of the project's TIA tokens, one of the most anticipated giveaways in the crypto industry of the past year.

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Ethena’s utilization of Ethereum as a foundation for its derivative infrastructure ensures a secure and decentralized environment, crucial for the creation and management of synthetic assets. This amalgamation facilitates a seamless interaction between ...

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The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions

Two Compelling Reasons to Invest in Ethereum Today – The Motley Fool

Better Buy: Cardano or Ethereum? – The Motley Fool

The Starknet Foundation has allocated 50 million Starknet (STRK) tokens to its Early Community Member Program. Starknet is an Ethereum L2 platform.

Starknet Foundation announces 50M STRK reward program for early ecosystem contributors

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Starknet Foundation Rewards Early Contributors with STRK Tokens before Trading Unlock

Why Bitcoin, Ethereum, and Litecoin Are Falling Today – The Motley Fool

YdX, a significant decentralized exchange (DEX), has officially transitioned from its Ethereum base to launch its native chain. This marks the first instance

dYdX Chain takes DeFi to new horizons with native blockchain launch

Ethereum Foundation

ethereumfoundation

In the world of blockchain, few names stand out as prominently as Fabian Vogelsteller. Known for his groundbreaking work on the ERC20 standard and his role in developing Ethereum's early tools, Vogelsteller has now turned his attention to a new frontier: decentralized identity. In this exclusive interview, he shares his journey from the early days of Ethereum to founding LUKSO, a blockchain platform designed to bring decentralization to the masses. Discover how LUKSO is poised to redefine identity in Web3 and why Vogelsteller believes the future of blockchain lies in social applications. LUKSO Ishan Pandey: Hi Fabian Vogelsteller, it's a pleasure to welcome you to our "Behind the Startup" series. Please tell us about yourself and what inspired you to found LUKSO. Fabian Vogelsteller: My journey in crypto started in 2013 when I first heard about Bitcoin and since then I have been really involved in the idea of decentralization. I followed the altcoin rise and learned about Ethereum in 2014. I got lucky enough to become part of the core Ethereum team in January 2015, 6 months before we started the Ethereum mainnet. I was the lead dApp developer, where I built the first web3 browser, called Mist. Through that I helped develop how we interact with smart contracts, build tools for developers like Web3.js, the most used JavaScript library for the first 4+ years of Ethereum and much more. Fabian Vogelsteller: In 2015, I proposed ERC20, a standard for tokens based on a draft from Vitalik. It became the first smart contract standard and one of the most important changes to the Ethereum ecosystem, kicking off ICOs, DeFi, NFTs and now Memecoins. We all had this vision of creating a decentralized society, where we remove the middleman and use decentralized technology as the building blocks for a new society. But funny enough the ERC20 token standard really pulled that all even stronger into tokens and trading. This was not on purpose, but was an important lesson for crypto - we always saw the idea way bigger than just tokens and trading. In 2018, I started LUKSO, co-founded with my former partner, Marjorie Hernandez. The idea was to bring blockchain away from finance and into the hands of everyone. Really bringing crypto into the mainstream and making it the key infrastructure for everything that we use on the internet today. Anyone can benefit from decentralization: content creators, YouTubers, artists, musicians, influencers, journalists, brands and normal users at large. We all can benefit from these technologies, but with the focus on tokens everything circulated around finance. And that's what holds the space back until today. LUKSO Ishan Pandey: In the evolving blockchain landscape, how do you define 'identity' within web3, and why is it such a critical component for the future of decentralized systems? Fabian Vogelsteller: The problem with identity in Web3, is that your account is your identity, but Web3 accounts are missing the “humaness” part of identity and other fundamental features that make interacting on-chain seamless and more accessible - that's what we’re now bringing to the space. Right now, Web3 identities are essentially a dump address, which cannot hold any information or react to anything on-chain. If we really want to make decentralized technology the foundation of future societies, then that account needs to be far more sophisticated than a single public/private key pair. Fabian Vogelsteller: I believe crypto wallets should actually be profiles. The biggest part of the LUKSO story over the last years was to build out a new set of foundational standards called LSPs that allowed us, among other things, to create a proper decentralized identity system called Universal Profiles and from there on build the foundational building blocks for a new decentralized society. Ishan Pandey: You authored ERC20 and introduced standards like ERC725. Can you explain how these standards have shaped the blockchain ecosystem and paved the way for identity-focused protocols like those at LUKSO? Fabian Vogelsteller: Like I mentioned before, ERC20 was instrumental for the blockchain space. Suddenly it became super easy for people to create tokens and we got projects that before had to launch a whole network, now could simply raise money to build out their protocols. The downside of this was that the focus went strongly into DeFi, raising money and trading. Don’t get me wrong, those are very important building blocks for crypto at large, but also keeps crypto in the niche that it is today, especially when you look at the real user numbers. Fabian Vogelsteller: Then in 2017, I proposed ERC725, the first smart contract account standard proposal for Ethereum. ERC725 is basically a smart contract that can generically do things on a blockchain, while also storing information. It later created the foundation for many of the standards that we built for LUKSO. LUKSO in itself is a generic blockchain like Ethereum. In fact, it uses the same technology and the same consensus mechanism as Ethereum, as it is the most decentralized version of a proof-of-stake blockchain that we have today. What makes LUKSO different is these whole new smart contract standards that involve profiles, new evolved token standards and all kinds of new mechanisms that make using blockchain humanly accessible and expand the possibilities for future protocols. You might ask, couldn’t you have done that on Ethereum? The answer is no. The Standards discussion in the ERC space are slow and gradual, radical and potentially backwards incompatible proposals will not get any support. And most importantly: Everyone adopted ERC20, that means you won’t be able to improve those standards and how they relate to the accounts at all. It needs its own network to serve as a frontier to explore these new standards. And because we are talking about identity, it must be as decentralized as possible, hence why we chose Ethereum’s PoS. This approach gave us a chance to really rethink standards from the ground up, but with the learning of the last 10 years of Ethereum. Something that hasn’t been done before in that way. Ishan Pandey: Identity solutions in Web3 have often struggled with usability and adoption. How does LUKSO bridge the gap between blockchain-native users and mainstream adoption? Fabian Vogelsteller: Here's the tricky part. Most of the identity solutions that we have seen in the past try to solve what I call hard identity. These are things like passports, health records, and other slow changing data. Systems for these types of data are difficult to adopt, because it requires acceptance across a lot of large players and institutions. Even the DID standards struggle to get widespread adoption, and they come from the W3C. Fabian Vogelsteller: For LUKSO, we approached it from the soft identity angle. This is the identity people use every day online—social media accounts, gaming profiles, and digital personas. These identities often start as casual but become more important over time as they gain followers, reputation, and value. So you start with something fun, and it can later become important and serve even as a foundation for hard identity. The biggest challenge with any identity system is to define the root identity—where is the entry point to access everything about somone/thing across platforms. Today this identity is locked within different platforms that we don’t own or really control. Blockchain is the first platform that we can truly own and control things by ourselves, without trusting a third party. Hence why it's the best foundation for a decentralized identity system. Universal Profiles are such a system and they give you an account that lives on decentralized infrastructure first and is managed by your devices. This approach makes identity independent and through the new standards, flexible and composable. It's important to understand that this type of identity doesn’t necessarily need to be tied to real-world credentials—it can reflect any chosen persona, whether you as an artist, gamer, company, or brand. And it also can become the foundation for not just people, but communities, DAOs, AIs, applications, and even apps. Every entity that needs history and reputation should have an on-chain identity! For example, dApps can have profiles that store key information—open-source smart contracts, security audits, user ratings—all transparently on-chain. The same applies to businesses, creative projects, and even AI agents. Ishan Pandey: LUKSO aims to integrate digital identity with creative industries like fashion and art. What unique challenges and opportunities do you see in applying blockchain identity solutions in these sectors? Fabian Vogelsteller: We initially focused our examples on fashion and art to showcase blockchain’s potential beyond finance. Keep in mind that it was in 2019 when we wrote our whitepaper “Blueprint for the New Creative Economies”, even one year before NFTs became largely popular. But LUKSO takes Ethereum to the next level. It's a very generic decentralized infrastructure. And like I described above, the purpose of identity touches literally every aspect of our lives. Fabian Vogelsteller: So you can see LUKSO as the Ethereum with new standards, where we can create a new form of Web3 that includes users all across the web. You don't have to have to be interested in the financial aspect of blockchain, but you can use it as the tool to create your first ever fully self owned accounts that only you control. And that overtime those might become the most important accounts that you have online, as they not only will be able to do things you do in web2, but also give you the power of web3. We created a platform called universaleverything.io, which serves as a frontend to browse Universal Profiles and interact with them through what we call “TheGrid”. The grid is simply a decentralized way to run Mini-Apps under your profile, that can know about the profile they are hosted under. As mini-apps can be anything, from any website, to a dApp running a dex, it combines web2 with the things you can do in web3, which opens up a huge space of possibilities which is pretty much endless. And because visitors to your profile can connect to these Mini-Apps with a single click, we can't even yet imagine all the things that people will be doing and building around them. Ishan Pandey: As digital identity moves on-chain, there will likely be regulatory scrutiny. How does LUKSO balance decentralization with compliance and privacy concerns? Fabian Vogelsteller: That’s a great question. LUKSO’s Universal Profiles are inherently public in their first form because they are on-chain identities. This is what ensures they are truly owned by the user. That said, privacy can absolutely be built on top of this technology. There are many ways to integrate privacy protocols, and this is something that will be explored over time. Right now, Universal Profiles should be treated as public—your profile and transactions are visible to everyone, just like any account on a public blockchain today. Fabian Vogelsteller However, being identifiable doesn’t necessarily mean being personally identified. A Universal Profile allows you to create a self-defined persona, distinct from your real-world identity. As adoption grows, there will naturally be demand for privacy features—allowing users to attach information to their profiles that isn’t publicly visible. The underlying architecture is designed to accommodate these additions in the future. Public identities have shaped the internet as we know it. Social platforms like Facebook made the internet social, and they did so through public profiles. Regarding regulations like GDPR, this is an open question for the entire blockchain space. Since blockchains are distributed systems, transactions are shared across the network, making data persistence a fundamental feature. However, developments in blockchain pruning could allow history to remain verifiable while also being “forgotten” over time—creating a potential form of erasure. But in reality, the internet never truly forgets. Even if we can ask centralized platforms to remove data, anything published online tends to persist. This brings us back to the importance of protocols built on top of this technology—some will enable privacy, while others will remain fully public. Ishan Pandey: Security and privacy are paramount for any identity protocol. How does LUKSO balance the need for robust security with the necessity for user-friendly, accessible identity solutions? Fabian Vogelsteller: And this is why it took 5 years to develop these standards. We made over 7 audits on the core standard implementations and built a browser extension, mobile apps and a transaction-relay infrastructure and this on a completely new tech stack. Fabian Vogelsteller: And as you can imagine, when you have to rethink everything, you're not just expanding on what MetaMask has been doing, you're really building on a whole new level of everything. With such a new foundation, we can expand usability and finally make Web3 fully accessible to a much larger audience. All of this doesn’t just depend on us. Everyone can build and expand these profiles. They are so open and generic that anyone can extend them. For example, someone could create a social recovery protocol, integrating platforms like Authy or Google Cloud as backups. Or develop a completely new way controlling the profile, like with a key manager ready for enterprises. You could even place a Gnosis Safe in front of a Universal Profile and get multi-sig functionality, or use a Governor contract to turn it into a DAO. There are endless possibilities because this system is so fundamentally flexible. And that’s what excites me—seeing how people will expand and evolve it in ways we haven’t even imagined yet. Ishan Pandey: How does LUKSO’s identity and token standards integrate with existing Ethereum-based protocols, and what are the challenges of achieving widespread interoperability? Fabian Vogelsteller: In essence, Universal Profiles function similarly to existing Ethereum wallets. When developing for Universal Profiles, the experience is no different than building for MetaMask or any other Ethereum-based wallet. The key difference is that users gain a more advanced account, with features like: Fabian Vogelsteller: Information storage – add profile data, or arbitrary smart contract readable information to your account
Permissions – restricting certain actions per device
Multi-device access – using the same account across multiple devices, each one using their own private key
Application authorization – allowing even dApps to act on your behalf
Reactability – tokens and protocols can inform your account, and users can automate what happens Information storage – add profile data, or arbitrary smart contract readable information to your account Permissions – restricting certain actions per device Multi-device access – using the same account across multiple devices, each one using their own private key Application authorization – allowing even dApps to act on your behalf Reactability – tokens and protocols can inform your account, and users can automate what happens And yes, we built Universal Profiles with chain abstraction in mind. This means they are designed to be deployable on multiple chains at the same address. While our current interfaces do not yet support this, this will be done over time. For example, a Universal Profile can originate on LUKSO but later interact with protocols on other networks where it has been made available. Similarly, if you’re deploying a protocol on LUKSO, you don’t need to change anything—LUKSO is fully Ethereum-compatible, and Universal Profiles can interact seamlessly with any protocol. But we didn’t just build an identity system—we also evolved the token standards to ensure that assets and profiles work together in a more dynamic way. For example, when a token is sent to a Universal Profile, that profile can control how it interacts with assets (block certain tokens, reroute them automatically, etc.), automate interactions (e.g., sending an NFT in response to a decentralized follow request) and lots more. These capabilities go beyond what’s possible on existing blockchains because other networks are locked into standards like ERC20, which were created at a time when we had no understanding of how blockchain protocols would evolve. You can see LUKSO as a new frontier. For developers, this means that building on LUKSO offers entirely new possibilities, where you can build apps and protocols that allow for automations on user accounts, everyone comes with a profile and tokens and NFTs are a lot more flexible. And this is not a blank ecosystem, there are already over 29k Universal Profiles and 100s of tokens and NFTs, all using these new standards. Ishan Pandey: Having been at the forefront of Ethereum’s growth, what excites you most about the next phase of blockchain technology? Fabian Vogelsteller: What excites me most is that the next phase of blockchain will be all about social. It’s about bringing real, everyday users into the space—moving beyond the niche focus on finance and gambling and making decentralized technology a part of our global society. That has been my vision since my time at the Ethereum Foundation. But to make this become a reality, I believe we need a blank slate and an entirely new foundation. Fabian Vogelsteller: We needed the new standards to enable true decentralization at scale. Hence why we spent the last six years developing those standards, ensuring we finally have the infrastructure needed to bring decentralization to the rest of the world. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

The Man Behind ERC20 Wants to Make Web3 Human with LUKSO

El hombre detrás del ERC20 quiere humanizar la Web3 con LUKSO

Čovjek iza ERC20 želi učiniti Web3 ljudskim uz LUKSO

ERC20-ի հետևում կանգնած մարդը ցանկանում է LUKSO-ի միջոցով Web3 մարդ դարձնել

האיש שמאחורי ERC20 רוצה להפוך את Web3 לאנושי עם LUKSO

ERC20の背後にいる人物は、LUKSOでWeb3を人間らしくしたいと考えている

ERC20 артындағы адам LUKSO көмегімен Web3-ті адам еткісі келеді

Човекот зад ERC20 сака да направи Web3 човек со LUKSO

ERC20 पछाडिको व्यक्तिले LUKSO मार्फत Web3 लाई मानव बनाउन चाहन्छ।

Człowiek stojący za ERC20 chce uczynić Web3 człowiekiem dzięki LUKSO

Muž za ERC20 chce urobiť Web3 ľudským s LUKSO

Ninka ka dambeeya ERC20 wuxuu rabaa inuu ka sameeyo Web3 aadanaha LUKSO

Indoda eNgemva kwe-ERC20 ifuna ukwenza iWeb3 ibe ngumntu nge-LUKSO

Ethereum's First Ever Employee Talks World Domination, Meme Coins, and Why Web3 Still Sucks

Първият служител на Ethereum говори за световно господство, мем монети и защо Web3 все още е гаден

El primer empleado de Ethereum habla sobre la dominación mundial, las monedas meme y por qué Web3 sigue siendo un desastre

Ethereumin ensimmäinen työntekijä puhuu maailman herruudesta, meemikolikoista ja miksi Web3 on edelleen perseestä

Prvi zaposlenik Ethereuma govori o svjetskoj dominaciji, meme kovanicama i zašto je Web3 još uvijek loš

Az Ethereum első alkalmazottja a világuralomról, a mémérmékről és arról beszél, hogy miért rossz még mindig a Web3

Il primo dipendente di Ethereum parla del dominio del mondo, delle monete meme e del perché Web3 fa ancora schifo

העובד הראשון של Ethereum מדבר על שליטה עולמית, מטבעות Meme ומדוע Web3 עדיין מבאס

イーサリアムの初代従業員が世界制覇、ミームコイン、そしてなぜWeb3がまだダメなのかを語る

Ethereum's First Ever Employee Bua Lefatše Domination, Meme Coins, le Ke ka baka la'ng Web3 e ntse e anya

د ایتیریم لومړی کارمند د نړۍ تسلط، د میم سکې، او ولې ویب 3 لاهم بې ګټې خبرې کوي

Аввалин корманди Ethereum дар бораи ҳукмронии ҷаҳонӣ, тангаҳои мем ва чаро Web3 то ҳол бад аст

พนักงานคนแรกของ Ethereum พูดคุยเกี่ยวกับการครองโลก, Meme Coins และเหตุใด Web3 จึงยังคงแย่

Is Ethereum in Trouble? No. So Why Does Everyone Say Otherwise?

Er Ethereum i problemer? Nej. Så hvorfor siger alle andet?

¿Ethereum está en problemas? No. Entonces, ¿por qué todos dicen lo contrario?

Je li Ethereum u problemu? Ne. Pa zašto svi kažu drugačije?

Apakah Ethereum dalam Masalah? Tidak. Jadi, Mengapa Semua Orang Mengatakan Sebaliknya?

Ethereum è nei guai? No. Allora perché tutti dicono il contrario?

イーサリアムは危機に瀕しているのか？いいえ。ではなぜ皆がそうではないと言うのか？

Дали Ethereum е во неволја? Не. Значи, зошто сите велат поинаку?

Czy Ethereum ma kłopoty? Nie. Dlaczego więc wszyscy mówią inaczej?

¿Ethereum Sasachakuypichu kachkan? Manan, Chhaynaqa, ¿imaraykun llapa runa hukta ninku?

Ethereum dhibaato miyuu ku jiraa? Maya

Ethereum มีปัญหาหรือไม่? ไม่ แล้วทำไมทุกคนถึงบอกว่าไม่ล่ะ?

Ethereum muammoga duch keldimi? Yo'q. Xo'sh, nega hamma boshqacha aytadi?

What Blockchain Inscriptions Mean for Gas Fees and Transactions

Safe protocol’s smart account infrastructure has executed over 84 Safe Multi-sig transactions processing over $995M in volume for World Liberty Financial in their institutional wallet. This growing pattern of major institutions choosing Safe for treasury operations reinforces its position as the leading secure infrastructure layer for digital assets. This week the Ethereum Foundation has begun migrating its treasury operations to Safe Protocols RWA Smart Account , implementing a new 3-of-5 multisig wallet for managing 50,000 ETH (Approximately $160M) for DeFi support purposes. This implementation enables the Ethereum Foundation to actively participate in DeFi via Safe Protocol while maintaining institutional-grade security standards, marking another step toward Safe's vision of moving the worlds GDP Onchain Safe recently introduced Safenet, a transaction processing network offering significant revenue-sharing opportunities. This network integrates specialized co-processors to handle both on- and off-chain inputs from AI, RWA, DeFi, PayFi, DEXs, and beyond. See Safe’s full impressive Dune dashboard here Safe's Milestones: Ethereum Foundation begins adding treasury for DeFi onto Safe Protocol
World Liberty Financial processes over $889 Million in transaction volume on Safe institutional wallet
Over $100B in total assets stored
53M transactions executed
20M accounts deployed
200+ ecosystem projects built on the Safe smart account standard This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here Safe protocol’s smart account infrastructure has executed over 84 Safe Multi-sig transactions processing over $995M in volume for World Liberty Financial in their institutional wallet. World Liberty Financial World Liberty Financial This growing pattern of major institutions choosing Safe for treasury operations reinforces its position as the leading secure infrastructure layer for digital assets. This week the Ethereum Foundation has begun migrating its treasury operations to Safe Protocols RWA Smart Account , implementing a new 3-of-5 multisig wallet for managing 50,000 ETH (Approximately $160M) for DeFi support purposes. This implementation enables the Ethereum Foundation to actively participate in DeFi via Safe Protocol while maintaining institutional-grade security standards, marking another step toward Safe's vision of moving the worlds GDP Onchain Safe recently introduced Safenet, a transaction processing network offering significant revenue-sharing opportunities. Safenet, Safenet, This network integrates specialized co-processors to handle both on- and off-chain inputs from AI, RWA, DeFi, PayFi, DEXs, and beyond. See Safe’s full impressive Dune dashboard here Dune dashboard here Dune dashboard here Safe's Milestones: Ethereum Foundation begins adding treasury for DeFi onto Safe Protocol World Liberty Financial processes over $889 Million in transaction volume on Safe institutional wallet Over $100B in total assets stored 53M transactions executed 20M accounts deployed 200+ ecosystem projects built on the Safe smart account standard Ethereum Foundation begins adding treasury for DeFi onto Safe Protocol World Liberty Financial processes over $889 Million in transaction volume on Safe institutional wallet Over $100B in total assets stored 53M transactions executed 20M accounts deployed 200+ ecosystem projects built on the Safe smart account standard This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Trump-backed World Liberty Financial Processes Nearly $1 Billion In Volume On Safe Protocol

Кампанія World Liberty, якая падтрымліваецца Трампам, апрацоўвае амаль 1 мільярд долараў па бяспечным пратаколе

World Liberty Financial, respaldada por Trump, procesa casi mil millones de dólares en volumen mediante protocolo seguro

La World Liberty Financial, sostenuta da Trump, elabora quasi 1 miliardo di dollari in volume su protocollo sicuro

トランプ氏が支援するワールド・リバティ・ファイナンシャル、セーフ・プロトコルで約10億ドルの取引を処理

트럼프가 지원하는 World Liberty Financial이 안전 프로토콜에서 거의 10억 달러의 거래량을 처리합니다.

ຂະ​ບວນ​ການ​ທາງ​ດ້ານ​ການ​ເງິນ​ທີ່​ເປັນ​ອິດ​ສະ​ຫຼະ​ຂອງ​ໂລກ​ທີ່​ສະ​ໜັບ​ສະ​ໜູນ​ທ່ານ​ທ​ຣຳ ດຳ​ເນີນ​ການ​ລົງ​ທຶນ​ເກືອບ 1 ຕື້​ໂດ​ລາ​ສະຫະລັດ

Hannaanka Maaliyadeed ee Xoriyadda Adduunka ee uu Trump taageerayo ku dhawaad 1 Bilyan oo Doollar oo mug ah oo ku saabsan hab-maamuuska badbaadada leh

Trump-stödda World Liberty Financial Processer Nästan 1 miljard dollar i volym på Safe Protocol

ብትራምፕ ዝድገፍ ወርልድ ሊበርቲ ፋይናንሳዊ መስርሕ ዳርጋ ሓደ ቢልዮን ዶላር ዝግመት ኣብ ውሑስ ፕሮቶኮል

Mga Proseso sa Pinansyal ng World Liberty na suportado ni Trump Halos $1 Bilyon Sa Dami Sa Safe Protocol

World Liberty Financial được Trump hậu thuẫn xử lý gần 1 tỷ đô la khối lượng theo giao thức an toàn

Izinqubo Zezezimali Zenkululeko Yomhlaba Zisekelwa nguTrump Cishe Isigidigidi Esiyisi-1 Sevolumu Yephrothokholi Evikelekile

SINGAPORE, Singapore, January 16th, 2025/Chainwire/--Reddio is excited to announce the official launch of its highly anticipated Testnet, marking a significant milestone as a front-runner in launching Parallel EVM public Testnets. Powered by GPU-accelerated parallel EVM technology and designed to enable AI capabilities, Reddio's innovative architecture redefines the power of high-performance blockchain infrastructure, unlocking groundbreaking possibilities at the intersection of AI and blockchain. Technical Innovations and Performance Milestones Backed by a lead investment from Paradigm, Reddio is redefining the blockchain landscape as the most performant parallel zkEVM Layer 2. By leveraging GPU acceleration and zero-knowledge technology, it delivers unmatched computational scalability while preserving Ethereum-level security. Achieving a 12,000 tps performance boost over traditional EVM Layer 2s, Reddio leads the industry in scaling solutions and creates an ideal infrastructure for native AI operations at scale. This Testnet launch cements Reddio’s position as the first Parallel EVM to go public, showcasing its commitment to innovation and ecosystem growth. Key Innovations at a Glance The Fastest zkEVM: A parallel zkEVM Layer 2 settled on Ethereum, powered by a CUDA-based implementation of the EVM bytecode executor—recognized and supported by a grant from the Ethereum Foundation.
AI-Ready Infrastructure: Reddio’s GPU-accelerated architecture enables native on-chain AI inferencing, unlocking the potential for autonomous AI systems.
Modular Sequencer SDKs: Customizable and decentralized SDKs allow developers to launch OP/ZK Appchains with ease, fostering scalability across L2 and L3 ecosystems.
Cost-Effective Transactions: Low gas fees ensure seamless scalability, even under heavy network loads, creating a user-friendly environment for developers and end-users alike. Transformative Use Cases Powered by Reddio Testnet AI-Driven Decentralized Applications (dApps): The Testnet supports innovative ecosystems for AI agents and multi-agent systems, powering automated financial transactions and collaborative networks.
On-Chain AI Inference: GPU-accelerated parallel EVM technology allows advanced AI models to function natively on-chain, pushing the boundaries of decentralized innovation.
Next-Generation DeFi: With fully on-chain order books and high-frequency trade analytics, Reddio boosts liquidity and transaction efficiency for traders and DeFi platforms.
On-Chain Gaming: Game logic and AI-driven opponents deployed entirely on-chain provide immersive, trustless gaming experiences, enhancing transparency and engagement. Open for Developer Participation The Reddio Testnet is now live and open for developers, innovators, and blockchain enthusiasts. It’s your opportunity to explore the synergy of high-performance blockchain infrastructure and autonomous AI capabilities. Developers and innovators are invited to explore the Reddio Testnet, contributing to the advancement of decentralized computing through experimentation and collaboration About Reddio Reddio is a blockchain infrastructure company focused on high-performance scaling solutions through GPU-accelerated parallel zkEVM technology. By combining zero-knowledge proofs with GPU optimization, Reddio aims to deliver secure, scalable, and AI-ready infrastructure for decentralized applications. Backed by Paradigm, Reddio continues to drive innovation at the intersection of blockchain technology and artificial intelligence. Users can visit https://testnet.reddio.com/ to learn more and join the journey. Contact CMO Stephanie Yu REDDIO StephanieYu@reddio.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here SINGAPORE, Singapore, January 16th, 2025/Chainwire/--Reddio is excited to announce the official launch of its highly anticipated Testnet, marking a significant milestone as a front-runner in launching Parallel EVM public Testnets. SINGAPORE, Singapore, January 16th, 2025/Chainwire/--Reddio Powered by GPU-accelerated parallel EVM technology and designed to enable AI capabilities, Reddio's innovative architecture redefines the power of high-performance blockchain infrastructure, unlocking groundbreaking possibilities at the intersection of AI and blockchain. Technical Innovations and Performance Milestones Backed by a lead investment from Paradigm, Reddio is redefining the blockchain landscape as the most performant parallel zkEVM Layer 2. By leveraging GPU acceleration and zero-knowledge technology, it delivers unmatched computational scalability while preserving Ethereum-level security. Achieving a 12,000 tps performance boost over traditional EVM Layer 2s, Reddio leads the industry in scaling solutions and creates an ideal infrastructure for native AI operations at scale. This Testnet launch cements Reddio’s position as the first Parallel EVM to go public, showcasing its commitment to innovation and ecosystem growth. Key Innovations at a Glance The Fastest zkEVM: A parallel zkEVM Layer 2 settled on Ethereum, powered by a CUDA-based implementation of the EVM bytecode executor—recognized and supported by a grant from the Ethereum Foundation. AI-Ready Infrastructure: Reddio’s GPU-accelerated architecture enables native on-chain AI inferencing, unlocking the potential for autonomous AI systems. Modular Sequencer SDKs: Customizable and decentralized SDKs allow developers to launch OP/ZK Appchains with ease, fostering scalability across L2 and L3 ecosystems. Cost-Effective Transactions: Low gas fees ensure seamless scalability, even under heavy network loads, creating a user-friendly environment for developers and end-users alike. The Fastest zkEVM: A parallel zkEVM Layer 2 settled on Ethereum, powered by a CUDA-based implementation of the EVM bytecode executor—recognized and supported by a grant from the Ethereum Foundation. AI-Ready Infrastructure: Reddio’s GPU-accelerated architecture enables native on-chain AI inferencing, unlocking the potential for autonomous AI systems. Modular Sequencer SDKs: Customizable and decentralized SDKs allow developers to launch OP/ZK Appchains with ease, fostering scalability across L2 and L3 ecosystems. Cost-Effective Transactions: Low gas fees ensure seamless scalability, even under heavy network loads, creating a user-friendly environment for developers and end-users alike. Transformative Use Cases Powered by Reddio Testnet AI-Driven Decentralized Applications (dApps): The Testnet supports innovative ecosystems for AI agents and multi-agent systems, powering automated financial transactions and collaborative networks. On-Chain AI Inference: GPU-accelerated parallel EVM technology allows advanced AI models to function natively on-chain, pushing the boundaries of decentralized innovation. Next-Generation DeFi: With fully on-chain order books and high-frequency trade analytics, Reddio boosts liquidity and transaction efficiency for traders and DeFi platforms. On-Chain Gaming: Game logic and AI-driven opponents deployed entirely on-chain provide immersive, trustless gaming experiences, enhancing transparency and engagement. AI-Driven Decentralized Applications (dApps): The Testnet supports innovative ecosystems for AI agents and multi-agent systems, powering automated financial transactions and collaborative networks. On-Chain AI Inference: GPU-accelerated parallel EVM technology allows advanced AI models to function natively on-chain, pushing the boundaries of decentralized innovation. Next-Generation DeFi: With fully on-chain order books and high-frequency trade analytics, Reddio boosts liquidity and transaction efficiency for traders and DeFi platforms. On-Chain Gaming: Game logic and AI-driven opponents deployed entirely on-chain provide immersive, trustless gaming experiences, enhancing transparency and engagement. Open for Developer Participation The Reddio Testnet is now live and open for developers, innovators, and blockchain enthusiasts. It’s your opportunity to explore the synergy of high-performance blockchain infrastructure and autonomous AI capabilities. Developers and innovators are invited to explore the Reddio Testnet, contributing to the advancement of decentralized computing through experimentation and collaboration About Reddio Reddio is a blockchain infrastructure company focused on high-performance scaling solutions through GPU-accelerated parallel zkEVM technology. By combining zero-knowledge proofs with GPU optimization, Reddio aims to deliver secure, scalable, and AI-ready infrastructure for decentralized applications. Backed by Paradigm, Reddio continues to drive innovation at the intersection of blockchain technology and artificial intelligence. Users can visit https://testnet.reddio.com/ to learn more and join the journey. https://testnet.reddio.com/ https://testnet.reddio.com/ Contact CMO Stephanie Yu REDDIO StephanieYu@reddio.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

Reddio Launches Public Testnet: A New Era Of Parallel EVM Powering Autonomous AI

Reddio İctimai Test Şəbəkəsini işə salır: Avtonom AI-ni gücləndirən Paralel EVM-in yeni dövrü

Reddio llança Public Testnet: una nova era d'EVM paral·lel que impulsa l'IA autònoma

Reddio startet öffentliches Testnetz: Eine neue Ära paralleler EVM für autonome KI

Reddio lanza una red de pruebas pública: una nueva era de EVM paralela que impulsa la IA autónoma

Reddio-ն գործարկում է հանրային փորձնական ցանց. զուգահեռ EVM-ի նոր դարաշրջան, որն ապահովում է ինքնավար AI

Reddio がパブリック テストネットを開始: 自律 AI を支える並列 EVM の新時代

Reddio жалпыға ортақ Testnet желісін іске қосты: автономды AI-ді қуаттайтын параллельді EVM жаңа дәуірі

Reddio បើកដំណើរការ Public Testnet: យុគសម័យថ្មីនៃ Parallel EVM ដែលផ្តល់ថាមពលដោយស្វ័យភាព AI

Reddio Melancarkan Testnet Awam: Era Baharu EVM Selari Menjana AI Autonomi

Reddio uruchamia publiczną sieć testową: nowa era równoległego EVM napędzającego autonomiczną sztuczną inteligencję

Reddio lanson Testnet Publik: Një Epokë e Re e EVM paralele që fuqizon AI autonome

Reddio ra mắt mạng thử nghiệm công khai: Kỷ nguyên mới của EVM song song hỗ trợ AI tự động

The Graph unveiled Geo Genesis today, a platform designed to organize and manage knowledge within decentralized networks. The system introduces "Spaces," which function as collaborative hubs where users can contribute to and govern shared information. The launch marks a shift in web3 infrastructure development, moving beyond digital asset management to focus on information organization. The platform builds on The Graph's existing decentralized data marketplace, which currently serves developers across more than 80 blockchain networks. "Web3 is fundamentally about information," says Yaniv Tal, The Graph co-founder and founder of Geo. "The platform allows communities to organize knowledge in interconnected graphs while maintaining decentralized principles." The technical architecture centers on the recently established GRC-20 data standard, which provides a framework for information interoperability across decentralized applications. This standard enables the creation of dynamic knowledge spaces that can adapt to community requirements while maintaining consistency in data structure. The platform implements a governance system using the Aragon OSx framework, establishing two primary user roles: Editors and Members. Editors hold voting rights in governance decisions, while Members can contribute content to spaces. This structure aims to balance open participation with quality control in knowledge management. During the initial release, the platform focuses on cryptocurrency news curation to demonstrate practical applications of knowledge graph organization. The system allows users to structure news stories and related facts in interconnected formats, moving beyond traditional linear presentation methods. The development represents broader trends in web3 infrastructure, where organizations are working to create systems for managing complex information in decentralized environments. The challenge lies in maintaining data accuracy and accessibility while preserving decentralized principles. The Graph's existing infrastructure serves as the foundation for this new platform. Since 2018, the protocol has established itself as a significant data indexing system for blockchain networks, processing information for decentralized applications across major networks including Ethereum, Arbitrum, and Polygon. The platform enters an early access phase with basic governance features, allowing invited users to create and manage knowledge spaces. Future development plans include customizable governance frameworks and expanded tools for knowledge organization. This launch occurs as demand for structured data management in decentralized systems continues to grow. The ability to organize and verify information while maintaining decentralized principles remains a key challenge in web3 development. The Graph Foundation, overseen by its Technical Council, manages the network's development. Multiple organizations contribute to the ecosystem, including Edge & Node, StreamingFast, Semiotic Labs, and Messari. This development signifies a notable advancement in how decentralized systems handle information organization. The platform's approach to knowledge management could reshape how communities interact with and verify information in the web3 space. By combining structured data organization with decentralized governance, The Graph's new platform addresses a fundamental challenge in the evolution of decentralized networks. The implementation of knowledge graphs in a decentralized context represents a significant technical achievement. Traditional knowledge organization systems often rely on centralized authorities to maintain data integrity and structure. The Graph's approach demonstrates that decentralized systems can maintain similar levels of organization while preserving the principles of open access and community governance. The platform's focus on accessibility and user participation suggests a maturing ecosystem where technical barriers no longer limit meaningful contribution to decentralized networks. This democratization of knowledge management could accelerate the development of more sophisticated decentralized applications and services. Final Thoughts Looking ahead, the success of this platform could influence how other organizations approach information management in decentralized environments. The combination of standardized data structures, community governance, and accessible interfaces provides a template for future developments in web3 infrastructure. The platform's launch comes at a crucial time when the need for reliable, organized information in decentralized networks continues to grow. As web3 applications become more complex, the ability to effectively organize and verify information while maintaining decentralized principles becomes increasingly important. This development suggests a future where decentralized systems can handle complex information management tasks while preserving the core values of openness and community governance. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR The Graph unveiled Geo Genesis today, a platform designed to organize and manage knowledge within decentralized networks. The system introduces "Spaces," which function as collaborative hubs where users can contribute to and govern shared information. The launch marks a shift in web3 infrastructure development, moving beyond digital asset management to focus on information organization. The platform builds on The Graph's existing decentralized data marketplace, which currently serves developers across more than 80 blockchain networks. The Graph "Web3 is fundamentally about information," says Yaniv Tal, The Graph co-founder and founder of Geo. "The platform allows communities to organize knowledge in interconnected graphs while maintaining decentralized principles." The technical architecture centers on the recently established GRC-20 data standard, which provides a framework for information interoperability across decentralized applications. This standard enables the creation of dynamic knowledge spaces that can adapt to community requirements while maintaining consistency in data structure. GRC-20 The platform implements a governance system using the Aragon OSx framework, establishing two primary user roles: Editors and Members. Editors hold voting rights in governance decisions, while Members can contribute content to spaces. This structure aims to balance open participation with quality control in knowledge management. During the initial release, the platform focuses on cryptocurrency news curation to demonstrate practical applications of knowledge graph organization. The system allows users to structure news stories and related facts in interconnected formats, moving beyond traditional linear presentation methods. The development represents broader trends in web3 infrastructure, where organizations are working to create systems for managing complex information in decentralized environments. The challenge lies in maintaining data accuracy and accessibility while preserving decentralized principles. The Graph's existing infrastructure serves as the foundation for this new platform. Since 2018, the protocol has established itself as a significant data indexing system for blockchain networks, processing information for decentralized applications across major networks including Ethereum, Arbitrum, and Polygon. The platform enters an early access phase with basic governance features, allowing invited users to create and manage knowledge spaces. Future development plans include customizable governance frameworks and expanded tools for knowledge organization. This launch occurs as demand for structured data management in decentralized systems continues to grow. The ability to organize and verify information while maintaining decentralized principles remains a key challenge in web3 development. The Graph Foundation, overseen by its Technical Council, manages the network's development. Multiple organizations contribute to the ecosystem, including Edge & Node, StreamingFast, Semiotic Labs, and Messari. This development signifies a notable advancement in how decentralized systems handle information organization. The platform's approach to knowledge management could reshape how communities interact with and verify information in the web3 space. By combining structured data organization with decentralized governance, The Graph's new platform addresses a fundamental challenge in the evolution of decentralized networks. The implementation of knowledge graphs in a decentralized context represents a significant technical achievement. Traditional knowledge organization systems often rely on centralized authorities to maintain data integrity and structure. The Graph's approach demonstrates that decentralized systems can maintain similar levels of organization while preserving the principles of open access and community governance. The platform's focus on accessibility and user participation suggests a maturing ecosystem where technical barriers no longer limit meaningful contribution to decentralized networks. This democratization of knowledge management could accelerate the development of more sophisticated decentralized applications and services. Final Thoughts Looking ahead, the success of this platform could influence how other organizations approach information management in decentralized environments. The combination of standardized data structures, community governance, and accessible interfaces provides a template for future developments in web3 infrastructure. The platform's launch comes at a crucial time when the need for reliable, organized information in decentralized networks continues to grow. As web3 applications become more complex, the ability to effectively organize and verify information while maintaining decentralized principles becomes increasingly important. This development suggests a future where decentralized systems can handle complex information management tasks while preserving the core values of openness and community governance. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

The Graph Launches Geo Genesis to Transform Web3 Knowledge Management

LONDON, UK, December 31st, 2024/Chainwire/--FLock.io, the private AI training platform, has announced the official launch of its mainnet on Base. This launch coincides with the Token Generation Event (TGE) for its native token, FLOCK, which will serve as the utility token of the FLock ecosystem by incentivizing and rewarding community participation. The FLOCK token will debut on Bybit, offering participants in the incentivized testnet an airdrop of tokens at today’s TGE. Users have an opportunity to earn FLOCK by engaging in decentralized AI training through the platform, which is accessible via train.flock.io. These tokens will play a role in enabling collaboration among data providers, training nodes, and compute providers within FLock.io’s ecosystem. "The mainnet launch and TGE are huge steps forward for FLock.io," said Jiahao Sun, CEO and Co-Founder of FLock.io. "With the power of Base, we’re giving builders, users, anyone, the tools to create and collaborate on privacy-first AI models. And the FLOCK token is what ties it all together to make this ecosystem thrive." The mainnet launch is the culmination of a multi-year effort to build a decentralized, community-governed AI platform that prioritizes privacy and security in model development. Since its founding in 2022, FLock.io has raised a $6 million seed round in March 2024 and launched an incentivized testnet on Base Sepolia in May 2024. This progress attracted significant investment, with FLock.io securing a strategic funding round in December 2024, led by DCG. FLock.io’s platform has gained traction, with nearly 20,000 AI models created to date, with the ecosystem supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 end users of models. The platform’s products include AI Arena, a competitive AI development environment; FL Alliance, a federated learning collaboration platform; and the AI Marketplace, which enables users to interact with and deploy trained models. FLock.io’s platform ensures data ownership while facilitating community engagement through on-chain rewards to promote transparency and active participation. With over 30 advanced models, FLock.io has processed over 2.5 million model and validation submissions. FLock.io’s business partners include Morpheus, IOnet, and Aptos. As the only AI infrastructure project to receive the Ethereum Foundation Academic Grant in 2024, FLock.io represents a shift toward privacy-preserving, community-driven AI development, reducing dependence on centralized systems and empowering its global network of users. The mainnet launch and TGE pave the way for FLock.io’s next phase of privacy-focused, community-driven AI development on Base. Users can now find FLOCK on Bybit and CoinGecko exchanges. To learn more, users can visit flock.io. About FLock.io FLock.io is a community-driven platform facilitating the creation of private, on-chain AI models. By combining federated learning with blockchain technology, FLock.io offers a secure and collaborative environment for model training, ensuring data privacy and transparency. FLock.io’s ecosystem supports a diverse range of participants, including data providers, task creators, and AI developers, incentivizing engagement through its native FLOCK token. Users can learn more at FLock.io. Contact FLock.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here LONDON, UK, December 31st, 2024/Chainwire/--FLock.io, the private AI training platform, has announced the official launch of its mainnet on Base. This launch coincides with the Token Generation Event (TGE) for its native token, FLOCK, which will serve as the utility token of the FLock ecosystem by incentivizing and rewarding community participation. The FLOCK token will debut on Bybit, offering participants in the incentivized testnet an airdrop of tokens at today’s TGE. Users have an opportunity to earn FLOCK by engaging in decentralized AI training through the platform, which is accessible via train.flock.io . train.flock.io train.flock.io These tokens will play a role in enabling collaboration among data providers, training nodes, and compute providers within FLock.io’s ecosystem. "The mainnet launch and TGE are huge steps forward for FLock.io," said Jiahao Sun, CEO and Co-Founder of FLock.io. "With the power of Base, we’re giving builders, users, anyone, the tools to create and collaborate on privacy-first AI models. And the FLOCK token is what ties it all together to make this ecosystem thrive." "The mainnet launch and TGE are huge steps forward for FLock.io," said Jiahao Sun, CEO and Co-Founder of FLock.io. "With the power of Base, we’re giving builders, users, anyone, the tools to create and collaborate on privacy-first AI models. And the FLOCK token is what ties it all together to make this ecosystem thrive." The mainnet launch is the culmination of a multi-year effort to build a decentralized, community-governed AI platform that prioritizes privacy and security in model development. Since its founding in 2022, FLock.io has raised a $6 million seed round in March 2024 and launched an incentivized testnet on Base Sepolia in May 2024. This progress attracted significant investment, with FLock.io securing a strategic funding round in December 2024, led by DCG. FLock.io’s platform has gained traction, with nearly 20,000 AI models created to date, with the ecosystem supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 end users of models. The platform’s products include AI Arena, a competitive AI development environment; FL Alliance, a federated learning collaboration platform; and the AI Marketplace, which enables users to interact with and deploy trained models. FLock.io’s platform ensures data ownership while facilitating community engagement through on-chain rewards to promote transparency and active participation. With over 30 advanced models, FLock.io has processed over 2.5 million model and validation submissions. FLock.io’s business partners include Morpheus, IOnet, and Aptos. As the only AI infrastructure project to receive the Ethereum Foundation Academic Grant in 2024, FLock.io represents a shift toward privacy-preserving, community-driven AI development, reducing dependence on centralized systems and empowering its global network of users. The mainnet launch and TGE pave the way for FLock.io’s next phase of privacy-focused, community-driven AI development on Base. Users can now find FLOCK on Bybit and CoinGecko exchanges. To learn more, users can visit flock.io . flock.io flock.io About FLock.io FLock.io is a community-driven platform facilitating the creation of private, on-chain AI models. By combining federated learning with blockchain technology, FLock.io offers a secure and collaborative environment for model training, ensuring data privacy and transparency. FLock.io FLock.io FLock.io’s ecosystem supports a diverse range of participants, including data providers, task creators, and AI developers, incentivizing engagement through its native FLOCK token. Users can learn more at FLock.io . FLock.io FLock.io Contact FLock.io 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

FLock.io Announces Mainnet Launch And Token Generation Event On Base

أعلنت FLock.io عن إطلاق الشبكة الرئيسية وحدث توليد الرموز على القاعدة

FLock.io Əsas Şəbəkə Başlatması və Token Yaradılması Tədbirini Elan edir

Το FLock.io ανακοινώνει το Mainnet Launch And Token Generation Event On Base

FLock.io anuncia el lanzamiento de la red principal y el evento de generación de tokens en Base

FLock.io-k Mainnet-en abiaraztearen eta token-sorkuntzaren gertaera iragartzen du oinarrian

FLock.io Mengumumkan Peluncuran Mainnet dan Acara Pembuatan Token di Pangkalan

FLock.ioがBaseでのメインネットのローンチとトークン生成イベントを発表

FLock.io ປະກາດການເປີດຕົວ Mainnet ແລະເຫດການການສ້າງ Token ໃນຖານ

FLock.io skelbia pagrindinio tinklo paleidimo ir žetonų generavimo įvykį

FLock.io үндсэн сүлжээг эхлүүлэх, токен үүсгэх арга хэмжээг зарлалаа

FLock.io ले आधारमा मेननेट लन्च र टोकन जेनेरेसन घटनाको घोषणा गर्दछ

Inanunsyo ng FLock.io ang Mainnet Launch At Token Generation Event sa Base

PITTSBURGH, United states, December 6th, 2024/Chainwire/--Anaxi Labs, in collaboration with Carnegie Mellon University’s CyLab, the university’s cybersecurity and privacy institute, is announcing a compiler framework for cryptography that resolves an impasse – building scalable applications with Zero-Knowledge require fundamental trade-offs. The elusive trifecta of scalable, cryptographically-secured and decentralized applications have been considered impossible, and a barrier to mass adoption — until now. A Breakthrough in Cryptography with No Trade-Offs Blockchains such as Ethereum have been hailed as the future of decentralized infrastructure, with Zero-Knowledge (ZK) technology heralded to enhance Ethereum's security and scalability beyond 120 TPS. According to the team, developing ZK proofs is complex and time-consuming, requiring thousands of hours across dozens of developers. Prioritizing speed in proof generation also means manually designing protocols, and with manual coding and tens of thousands of lines of code this introduces significant security vulnerabilities. This complicates the creation of security-sensitive decentralized applications and makes auditability and compliance a nightmare – all hindrances to widespread adoption in regulated industries such as finance, healthcare and AI. A team of Carnegie Mellon researchers is collaborating with Anaxi Labs to overcome this trade-off. CMU’s recent paper presents a revolutionary way to directly compile high-level software and convert it into simpler forms (low-level representations) needed for underlying proof systems to work. And all this is done automatically, repeatable and auditable, getting rid of the manual work, drastically improving performance while cryptographically ensuring security of the process. The work achieves this by analyzing the high-level program, breaking the program into small, indivisible units, then creating low-level representation from each unit that can be easily inputted into varieties of proof systems. “This idea of breaking the computation into very specific chunks that take the place of a CPU in an automatic way is a new approach, and this is the first time that somebody has attempted this kind of approach where we avoid the full program representation for the compiler,” said Riad Wahby, assistant professor in Carnegie Mellon University’s Department of Electrical and Computer Engineering.
“We’re extremely excited about it.” Unlocking New Decentralized Applications The research and the framework Anaxi Labs is building from the research are set to revolutionize industries in Web3 and beyond. In traditional and regulated finance, the performance boost while maintaining auditability enables real-time settlement of intrabank transfers like instant USD payments. In healthcare, amid challenges faced by 23andMe, secure and privacy-preserving encryption tools enabled by product being developed by Anaxi Labs, could now address critical concerns and safely utilize private genetic information by ensuring rightful ownership of one’s DNA, while enabling valuable research. Within the realm of enterprise AI and critical physical infrastructures, a decentralized solution that requires high availability and close to zero latency such as rapid fine-tuning and inference across multiple data and compute power resources becomes a reality. In the immediate term, products based on the research provide the most effective solution for Web3 companies grappling with the scalability, security and decentralization trade-offs, offering a new design paradigm for rollups and interoperability. “This research and the product we are building incorporating the research will have profound implication to many important industry applications today that need a safe solution for their massive performance overheads, such as ZK and EVM, finally bringing us to the doorstep of our vision of cryptographically-secured decentralized consensus with real-time settlement,” said Kate Shen, co-founder of Anaxi Labs. “We also like the fact that it is language and library agnostic, meaning a wide variety of projects can benefit from this without code modification. This enabled us to build an open, collaborative framework as opposed to the increasingly static, monolithic approaches today,” Shen adds. “This enables all developers to automatically choose and combine the best of the latest advancements in proof systems such as lookups, co-processors and hardware acceleration; maximizing the performance gains of each computational substrate.” Anaxi Labs and CyLab, a Game-Changing Partnership Carnegie Mellon’s CyLab has been at the center of cutting-edge research that’s served as the foundation for blockchain development – including Zero-Knowledge. Notable faculty researchers from CyLab include esteemed professor Bryan Parno, a critical contributor to the history of ZK whose lab produced the widely cited Nova paper series, and assistant professor Riad Wahby, whose findings resulted in new cryptographic technologies that realized visions of the Ethereum Foundation (and more recently, the pathbreaking Jolt zkVM implementation by Andreessen Horowitz’s crypto division, a16z crypto). The findings set forth in this compiler framework are the result of the second research project originating from the symbiotic partnership between Anaxi Labs and CyLab through the CMU Secure Blockchain Initiative. This partnership enables CMU academics to collaborate and learn from the insights gleaned from the commercial deployments of their blockchain research, spearheaded by Anaxi Labs, for both Web3 and Web 2.0 applications. It enables them to find commercial solutions to major existing issues with blockchain that fails to bridge the gap between the known benefits of blockchain technology, and mass adoption. And it also serves as a springboard for CMU students to launch their careers in Web3. “Anaxi Labs’ partnership with CyLab advances CMU researchers’ ability to work on projects with direct, real-world applications, ensuring that their work has practical relevance and potential for impact,” said Michael Lisanti, CyLab’s Senior Director of Partnerships. To learn more about Anaxi Labs: https://www.anaxilabs.com/ To learn more about Anaxi Labs and CyLab’s latest work: https://www.cylab.cmu.edu/ To learn more about CyLab’s partnership with Anaxi Labs: https://www.cylab.cmu.edu/news/2024/07/17-anaxi-labs-strategic-partner.html About Anaxi Labs Anaxi Labs is a new kind of research and development lab that bridges the worlds of advanced academic theory and mass adoption. They are dedicated to producing original, cutting-edge research, building enterprise-grade, safe and scalable decentralized infrastructure, and catalyzing the next generation of decentralized applications powered by cryptography. Anaxi Labs work with world's top minds in cryptography research and world-class engineers who have experience building and operating household-name products with hundreds of millions of users. They are the industry partner of top academic institutions in cryptography such as Carnegie Mellon University. Together, they are committed to transforming the future of the internet by unlocking the power of what science can do for people, society and the planet. Website: https://www.anaxilabs.com/ About CyLab Carnegie Mellon University’s CyLab is the university's security and privacy research institute. They bring together experts from all schools across the University, encompassing the fields of engineering, computer science, public policy, information systems, business, financial information risk management, humanities, and social sciences. Our mission is to catalyze, support, promote, and strengthen collaborative security and privacy research and education across departments, disciplines, and geographic boundaries to achieve significant impact on research, education, public policy, and practice. Website: https://www.cylab.cmu.edu/ Contact PR Daisy Leung daisy@11.international This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here PITTSBURGH, United states, December 6th, 2024/Chainwire/--Anaxi Labs, in collaboration with Carnegie Mellon University’s CyLab, the university’s cybersecurity and privacy institute, is announcing a compiler framework for cryptography that resolves an impasse – building scalable applications with Zero-Knowledge require fundamental trade-offs. The elusive trifecta of scalable, cryptographically-secured and decentralized applications have been considered impossible, and a barrier to mass adoption — until now. A Breakthrough in Cryptography with No Trade-Offs Blockchains such as Ethereum have been hailed as the future of decentralized infrastructure, with Zero-Knowledge (ZK) technology heralded to enhance Ethereum's security and scalability beyond 120 TPS. According to the team, developing ZK proofs is complex and time-consuming, requiring thousands of hours across dozens of developers. Prioritizing speed in proof generation also means manually designing protocols, and with manual coding and tens of thousands of lines of code this introduces significant security vulnerabilities. This complicates the creation of security-sensitive decentralized applications and makes auditability and compliance a nightmare – all hindrances to widespread adoption in regulated industries such as finance, healthcare and AI. A team of Carnegie Mellon researchers is collaborating with Anaxi Labs to overcome this trade-off. CMU’s recent paper presents a revolutionary way to directly compile high-level software and convert it into simpler forms (low-level representations) needed for underlying proof systems to work. And all this is done automatically, repeatable and auditable, getting rid of the manual work, drastically improving performance while cryptographically ensuring security of the process. The work achieves this by analyzing the high-level program, breaking the program into small, indivisible units, then creating low-level representation from each unit that can be easily inputted into varieties of proof systems. “This idea of breaking the computation into very specific chunks that take the place of a CPU in an automatic way is a new approach, and this is the first time that somebody has attempted this kind of approach where we avoid the full program representation for the compiler,” said Riad Wahby, assistant professor in Carnegie Mellon University’s Department of Electrical and Computer Engineering. “We’re extremely excited about it.” “This idea of breaking the computation into very specific chunks that take the place of a CPU in an automatic way is a new approach, and this is the first time that somebody has attempted this kind of approach where we avoid the full program representation for the compiler,” said Riad Wahby, assistant professor in Carnegie Mellon University’s Department of Electrical and Computer Engineering . Department of Electrical and Computer Engineering Department of Electrical and Computer Engineering “We’re extremely excited about it.” Unlocking New Decentralized Applications The research and the framework Anaxi Labs is building from the research are set to revolutionize industries in Web3 and beyond. In traditional and regulated finance, the performance boost while maintaining auditability enables real-time settlement of intrabank transfers like instant USD payments. In healthcare, amid challenges faced by 23andMe, secure and privacy-preserving encryption tools enabled by product being developed by Anaxi Labs, could now address critical concerns and safely utilize private genetic information by ensuring rightful ownership of one’s DNA, while enabling valuable research. Within the realm of enterprise AI and critical physical infrastructures, a decentralized solution that requires high availability and close to zero latency such as rapid fine-tuning and inference across multiple data and compute power resources becomes a reality. In the immediate term, products based on the research provide the most effective solution for Web3 companies grappling with the scalability, security and decentralization trade-offs, offering a new design paradigm for rollups and interoperability. “This research and the product we are building incorporating the research will have profound implication to many important industry applications today that need a safe solution for their massive performance overheads, such as ZK and EVM, finally bringing us to the doorstep of our vision of cryptographically-secured decentralized consensus with real-time settlement,” said Kate Shen, co-founder of Anaxi Labs. “This research and the product we are building incorporating the research will have profound implication to many important industry applications today that need a safe solution for their massive performance overheads, such as ZK and EVM, finally bringing us to the doorstep of our vision of cryptographically-secured decentralized consensus with real-time settlement,” said Kate Shen, co-founder of Anaxi Labs. “We also like the fact that it is language and library agnostic, meaning a wide variety of projects can benefit from this without code modification. This enabled us to build an open, collaborative framework as opposed to the increasingly static, monolithic approaches today,” Shen adds. “We also like the fact that it is language and library agnostic, meaning a wide variety of projects can benefit from this without code modification. This enabled us to build an open, collaborative framework as opposed to the increasingly static, monolithic approaches today,” Shen adds. “This enables all developers to automatically choose and combine the best of the latest advancements in proof systems such as lookups, co-processors and hardware acceleration; maximizing the performance gains of each computational substrate.” “This enables all developers to automatically choose and combine the best of the latest advancements in proof systems such as lookups, co-processors and hardware acceleration; maximizing the performance gains of each computational substrate.” Anaxi Labs and CyLab, a Game-Changing Partnership Carnegie Mellon’s CyLab has been at the center of cutting-edge research that’s served as the foundation for blockchain development – including Zero-Knowledge. Notable faculty researchers from CyLab include esteemed professor Bryan Parno, a critical contributor to the history of ZK whose lab produced the widely cited Nova paper series , and assistant professor Riad Wahby, whose findings resulted in new cryptographic technologies that realized visions of the Ethereum Foundation (and more recently, the pathbreaking Jolt zkVM implementation by Andreessen Horowitz’s crypto division, a16z crypto). Nova paper series Nova paper series the Ethereum Foundation the Ethereum Foundation Jolt zkVM Jolt zkVM The findings set forth in this compiler framework are the result of the second research project originating from the symbiotic partnership between Anaxi Labs and CyLab through the CMU Secure Blockchain Initiative. This partnership enables CMU academics to collaborate and learn from the insights gleaned from the commercial deployments of their blockchain research, spearheaded by Anaxi Labs, for both Web3 and Web 2.0 applications. It enables them to find commercial solutions to major existing issues with blockchain that fails to bridge the gap between the known benefits of blockchain technology, and mass adoption. And it also serves as a springboard for CMU students to launch their careers in Web3. “Anaxi Labs’ partnership with CyLab advances CMU researchers’ ability to work on projects with direct, real-world applications, ensuring that their work has practical relevance and potential for impact,” said Michael Lisanti, CyLab’s Senior Director of Partnerships. “Anaxi Labs’ partnership with CyLab advances CMU researchers’ ability to work on projects with direct, real-world applications, ensuring that their work has practical relevance and potential for impact,” said Michael Lisanti, CyLab’s Senior Director of Partnerships. To learn more about Anaxi Labs: https://www.anaxilabs.com/ https://www.anaxilabs.com/ https://www.anaxilabs.com/ To learn more about Anaxi Labs and CyLab’s latest work: https://www.cylab.cmu.edu/ https://www.cylab.cmu.edu/ https://www.cylab.cmu.edu/ To learn more about CyLab’s partnership with Anaxi Labs: https://www.cylab.cmu.edu/news/2024/07/17-anaxi-labs-strategic-partner.html https://www.cylab.cmu.edu/news/2024/07/17-anaxi-labs-strategic-partner.html https://www.cylab.cmu.edu/news/2024/07/17-anaxi-labs-strategic-partner.html About Anaxi Labs Anaxi Labs is a new kind of research and development lab that bridges the worlds of advanced academic theory and mass adoption. Anaxi Labs Anaxi Labs They are dedicated to producing original, cutting-edge research, building enterprise-grade, safe and scalable decentralized infrastructure, and catalyzing the next generation of decentralized applications powered by cryptography. Anaxi Labs work with world's top minds in cryptography research and world-class engineers who have experience building and operating household-name products with hundreds of millions of users. They are the industry partner of top academic institutions in cryptography such as Carnegie Mellon University . Together, they are committed to transforming the future of the internet by unlocking the power of what science can do for people, society and the planet. Carnegie Mellon University Carnegie Mellon University Website: https://www.anaxilabs.com/ https://www.anaxilabs.com/ https://www.anaxilabs.com/ About CyLab Carnegie Mellon University’s CyLab is the university's security and privacy research institute. CyLab CyLab They bring together experts from all schools across the University, encompassing the fields of engineering, computer science, public policy, information systems, business, financial information risk management, humanities, and social sciences. Our mission is to catalyze, support, promote, and strengthen collaborative security and privacy research and education across departments, disciplines, and geographic boundaries to achieve significant impact on research, education, public policy, and practice. Website: https://www.cylab.cmu.edu/ https://www.cylab.cmu.edu/ https://www.cylab.cmu.edu/ Contact PR Daisy Leung daisy@11.international 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

Anaxi Labs And Carnegie Mellon University’s CyLab Unveil a Breakthrough Proof System

የአናክሲ ቤተሙከራዎች እና የካርኔጊ ሜሎን ዩኒቨርሲቲ ሳይላብ የፍተሻ ማረጋገጫ ስርዓትን ይፋ አድርገዋል።

Anaxi Labs y CyLab de la Universidad Carnegie Mellon presentan un innovador sistema de pruebas

Anaxi Labs-ek eta Carnegie Mellon Unibertsitateko CyLab-ek aurrerapen froga sistema bat aurkeztu dute

Anaxi Labs ו-CyLab של אוניברסיטת קרנגי מלון חושפים מערכת הוכחה פורצת דרך

Anaxi Labs dan CyLab milik Carnegie Mellon University Meluncurkan Sistem Pembuktian Terobosan

Anaxi Labs e CyLab della Carnegie Mellon University svelano un sistema di prova rivoluzionario

Anaxi Labsとカーネギーメロン大学のCyLabが画期的な証明システムを発表

Anaxi Labs жана Карнеги Меллон университетинин CyLab проспективдүү далил тутумун ачты

Anaxi Labs sy Carnegie Mellon University's CyLab dia namoaka rafitra porofon'ny fandrosoana

Anaxi Labs и CyLab на Универзитетот Карнеги Мелон открија систем за доказ за пробив

Anaxi Labs र Carnegie Mellon University को CyLab ले एक सफलता प्रमाण प्रणाली अनावरण गर्यो

Anaxi Labs și CyLab de la Universitatea Carnegie Mellon dezvăluie un sistem de dovezi inovatoare

What does mainstream adoption even mean? This post is taking part in the Devconflict x Kiwi writing contest At Devconflict, a side event of Devcon 2024, a global conference held by the Ethereum Foundation, there was a debate about the best way to scale blockchain-based products and services. The primary purpose of the debate was to determine the best way to scale or finally achieve an escape velocity that makes blockchain products more accessible to the masses. Here’s the debate for full context: https://youtu.be/o0m5PNJ5JK0?embedable=true Two core arguments emerged from the debate: Onchain products should be built to serve billions.
Building for scale helps get your product or service in front of more people. Building for scale also helps with things like user experience and distribution strategies.This helps new users or entry-level users, but it also helps more sophisticated users find new and interesting ways to use the underlying product or service, which then helps fuel more adoption.

The counterpoint is that onchain products and services should be built for specific niche audiences — or tailored to groups of people with specialized needs outside of the mainstream.
The point here is mainly that building for billions requires making too many trade-offs and that onchain products and services will start to feel too much like the web2 stack.The logic here is that to reach a billion users and beyond you really need command and control structures like global corporations running things. On the flip side, building for specific use cases is more aligned with the spirit of decentralization.The goal here is to build technologies that can be combined or remixed to reach internet scale via supporting communities. The crux of the debate is whether or not onchain technologies can really scale in a way that allows them to maintain the values of what makes them unique or alternative in the first place. Here’s a quick breakdown of the two scaling strategies and then a take on which route makes the most sense. Maybe the best scaling solution is more time. SOURCE Build for Bilions The build-for-billions mentality makes sense when thinking about internet scale. One of the great things about building for the internet is that, for the first time in human history, you can build goods and services that are global and universal in a way. Another advantage is network effects or the idea that an app or service becomes more valuable the more people use it. During the Devconflict debate, both sides kept pointing toward messaging services like WhatsApp that have successfully reached a billion users. To reach that scale requires getting a lot of things right. Maybe the thing that a product like WhatsApp got right is solving a fundamental need. Messaging apps are a great example because they solve the fundamental problem of making it easy and cheap to communicate with other people. What’s interesting about a product like WhatsApp is that the real utility — the end-to-end encryption is not the main feature that helped onboard its billion users. Instead, people use WhatsApp because it’s easy to use and it’s easy to find other people to connect with. Likewise, like messaging, many onchain products solve fundamental needs like making it easy and cost-effective to send, receive, or collect digital assets. In the spirit of build-for-billions, blockchain-based services should abstract away friction points like wallet key management or interoperability issues that make it complex to navigate between one product and the next. The issue is that a lot of the complexity inherent in the product design of blockchain-based services is there for a reason. The risk is that oversimplifying something like wallet key management requires handing control back over to a company or organization rather than an individual user, which could potentially lead back to a web2 user experience. So the tricky part with onchain products and services is to build for billions but in ways that empower users rather than just recreate new versions of already existing technologies. After all, while it is true that one of the fundamental reasons a service like WhatsApp was able to reach a billion users is because it is essentially “free.” But the app is monetized via data collection for targeted advertising, which doesn’t exactly fit into the ethos or principles of building onchain. Build for niches of engaged users The alternative to building new internet technologies that don’t require billions of users to become successful is to build more precise solutions for a smaller group of users. Building specific solutions enables two things: Products can be tailored, customized, or precise to solve a well-defined issue.
Products and services can exist that aren’t necessarily billion-dollar businesses, but still generate a lot of value for end-users and the people creating them. Building a successful product that is used and loved by hundreds of thousands or even millions of people can be really useful, but is it mainstream or even a name brand? And does that even matter? Probably what matters more is if the product can operate in a way that is sustainable and can create value for the team who created and maintain it. One of the promises of building onchain is that it enables new kinds of economies — more internet-native economies — that don’t require the same kind of big box store, mainstream media, kind of approach to success. Put another way, maybe the goal of building for billions is antiquated — or like the Walmart of the digital age. Maybe instead the goal should be to build small specialized stacks of products that can be easily stacked and combined with related products to build suites of services that leverage things like network effects and global access, but do it in a way that is also extremely custom and bespoke. How to achieve internet scale while staying true to open, permissionless access and non-custodial control? The most obvious answer to the question about how to scale new kinds of internet services is just to build products that are better than anything that exists right now. For people concerned about privacy, that means building the best privacy product — one that delivers both the best user experience and the best alignment with privacy-preserving principles. For people with concerns about having their retirement funds rugged by banks, it means building a streamlined non-custodial experience — one where key management becomes as easy as saving a username and password. For people worried about the rise in nationalism and closing borders, it means building technologies that are global and multicultural at the foundation — where there is no off switch available to politicians or people pretending to be politicians. Maybe the key to scale is not so much thinking about success in the traditional web2 context of milestones of millions of users. Maybe the right way to think about scale for onchain services and beyond is to think about how the product is composable, durable, and accessible. If the answer is yes then it can become part of the fabric of the open internet. The product or service might even get remixed into something else or used by some other project. After all, the internet works best when it operates as networks of networks — guided by rails of common protocols — but is also dynamic, open, and adaptable. This post is part of the Open Money project. What does mainstream adoption even mean? What does mainstream adoption even mean? This post is taking part in the Devconflict x Kiwi writing contest This post is taking part in the Devconflict x Kiwi writing contest This post is taking part in the Devconflict x Kiwi writing contest At Devconflict, a side event of Devcon 2024, a global conference held by the Ethereum Foundation, there was a debate about the best way to scale blockchain-based products and services. The primary purpose of the debate was to determine the best way to scale or finally achieve an escape velocity that makes blockchain products more accessible to the masses. Here’s the debate for full context: https://youtu.be/o0m5PNJ5JK0?embedable=true https://youtu.be/o0m5PNJ5JK0?embedable=true Two core arguments emerged from the debate: Onchain products should be built to serve billions.
Building for scale helps get your product or service in front of more people. Building for scale also helps with things like user experience and distribution strategies.This helps new users or entry-level users, but it also helps more sophisticated users find new and interesting ways to use the underlying product or service, which then helps fuel more adoption. The counterpoint is that onchain products and services should be built for specific niche audiences — or tailored to groups of people with specialized needs outside of the mainstream.
The point here is mainly that building for billions requires making too many trade-offs and that onchain products and services will start to feel too much like the web2 stack.The logic here is that to reach a billion users and beyond you really need command and control structures like global corporations running things. On the flip side, building for specific use cases is more aligned with the spirit of decentralization.The goal here is to build technologies that can be combined or remixed to reach internet scale via supporting communities. Onchain products should be built to serve billions. Building for scale helps get your product or service in front of more people. Building for scale also helps with things like user experience and distribution strategies. This helps new users or entry-level users, but it also helps more sophisticated users find new and interesting ways to use the underlying product or service, which then helps fuel more adoption. Onchain products should be built to serve billions. Onchain Building for scale helps get your product or service in front of more people. Building for scale also helps with things like user experience and distribution strategies. This helps new users or entry-level users, but it also helps more sophisticated users find new and interesting ways to use the underlying product or service, which then helps fuel more adoption. The counterpoint is that onchain products and services should be built for specific niche audiences — or tailored to groups of people with specialized needs outside of the mainstream. The point here is mainly that building for billions requires making too many trade-offs and that onchain products and services will start to feel too much like the web2 stack. The logic here is that to reach a billion users and beyond you really need command and control structures like global corporations running things. On the flip side, building for specific use cases is more aligned with the spirit of decentralization. The goal here is to build technologies that can be combined or remixed to reach internet scale via supporting communities. The counterpoint is that onchain products and services should be built for specific niche audiences — or tailored to groups of people with specialized needs outside of the mainstream. The point here is mainly that building for billions requires making too many trade-offs and that onchain products and services will start to feel too much like the web2 stack. The logic here is that to reach a billion users and beyond you really need command and control structures like global corporations running things. On the flip side, building for specific use cases is more aligned with the spirit of decentralization. The goal here is to build technologies that can be combined or remixed to reach internet scale via supporting communities. The crux of the debate is whether or not onchain technologies can really scale in a way that allows them to maintain the values of what makes them unique or alternative in the first place. Here’s a quick breakdown of the two scaling strategies and then a take on which route makes the most sense. Maybe the best scaling solution is more time. SOURCE SOURCE Build for Bilions The build-for-billions mentality makes sense when thinking about internet scale. One of the great things about building for the internet is that, for the first time in human history, you can build goods and services that are global and universal in a way. Another advantage is network effects or the idea that an app or service becomes more valuable the more people use it. network effects During the Devconflict debate, both sides kept pointing toward messaging services like WhatsApp that have successfully reached a billion users. To reach that scale requires getting a lot of things right. Maybe the thing that a product like WhatsApp got right is solving a fundamental need. Messaging apps are a great example because they solve the fundamental problem of making it easy and cheap to communicate with other people. What’s interesting about a product like WhatsApp is that the real utility — the end-to-end encryption is not the main feature that helped onboard its billion users. Instead, people use WhatsApp because it’s easy to use and it’s easy to find other people to connect with. Likewise, like messaging, many onchain products solve fundamental needs like making it easy and cost-effective to send, receive, or collect digital assets. In the spirit of build-for-billions, blockchain-based services should abstract away friction points like wallet key management or interoperability issues that make it complex to navigate between one product and the next. The issue is that a lot of the complexity inherent in the product design of blockchain-based services is there for a reason. The risk is that oversimplifying something like wallet key management requires handing control back over to a company or organization rather than an individual user, which could potentially lead back to a web2 user experience. wallet key management So the tricky part with onchain products and services is to build for billions but in ways that empower users rather than just recreate new versions of already existing technologies. After all, while it is true that one of the fundamental reasons a service like WhatsApp was able to reach a billion users is because it is essentially “free.” But the app is monetized via data collection for targeted advertising, which doesn’t exactly fit into the ethos or principles of building onchain. Build for niches of engaged users The alternative to building new internet technologies that don’t require billions of users to become successful is to build more precise solutions for a smaller group of users. Building specific solutions enables two things: Products can be tailored, customized, or precise to solve a well-defined issue. Products and services can exist that aren’t necessarily billion-dollar businesses, but still generate a lot of value for end-users and the people creating them. Products can be tailored, customized, or precise to solve a well-defined issue. Products and services can exist that aren’t necessarily billion-dollar businesses, but still generate a lot of value for end-users and the people creating them. Building a successful product that is used and loved by hundreds of thousands or even millions of people can be really useful, but is it mainstream or even a name brand? And does that even matter? Probably what matters more is if the product can operate in a way that is sustainable and can create value for the team who created and maintain it. One of the promises of building onchain is that it enables new kinds of economies — more internet-native economies — that don’t require the same kind of big box store, mainstream media, kind of approach to success. Put another way, maybe the goal of building for billions is antiquated — or like the Walmart of the digital age. Maybe instead the goal should be to build small specialized stacks of products that can be easily stacked and combined with related products to build suites of services that leverage things like network effects and global access, but do it in a way that is also extremely custom and bespoke. How to achieve internet scale while staying true to open, permissionless access and non-custodial control? The most obvious answer to the question about how to scale new kinds of internet services is just to build products that are better than anything that exists right now. For people concerned about privacy, that means building the best privacy product — one that delivers both the best user experience and the best alignment with privacy-preserving principles. For people with concerns about having their retirement funds rugged by banks, it means building a streamlined non-custodial experience — one where key management becomes as easy as saving a username and password. For people worried about the rise in nationalism and closing borders, it means building technologies that are global and multicultural at the foundation — where there is no off switch available to politicians or people pretending to be politicians. Maybe the key to scale is not so much thinking about success in the traditional web2 context of milestones of millions of users. Maybe the right way to think about scale for onchain services and beyond is to think about how the product is composable , durable, and accessible. composable If the answer is yes then it can become part of the fabric of the open internet. The product or service might even get remixed into something else or used by some other project. After all, the internet works best when it operates as networks of networks — guided by rails of common protocols — but is also dynamic, open, and adaptable. This post is part of the Open Money project. Open Money

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