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Ethereum co-founder Vitalik Buterin has found himself in the spotlight again, this time, over his charitable engagement with meme coin projects. Buterin recently acknowledged two meme coins, EBULL and MOODENG, for their charitable contributions, stating that any digital tokens sent to him would be donated to charity. This statement has sparked conversations within the crypto community, particularly regarding the potential risks for investors. Vitalik's Acknowledgment of Meme Coins In a tweet shared this week, Vitalik Buterin expressed appreciation for meme coin projects that are donating portions of their supply directly to charity. He specifically mentioned the EBULL and MOODENG tokens, acknowledging their efforts in supporting charitable causes, and noted that digital tokens sent to him would be donated. The 10 billion MOODENG tokens, for example, were directed towards anti-airborne disease technology. While Buterin's gesture appeared genuine, it did not go unnoticed by the crypto community, where questions arose regarding the impact of such public endorsements. The acknowledgment of meme coin projects that may not have undergone thorough scrutiny has raised concerns among investors and market analysts. Concerns From the Community One notable figure in the crypto space, known as Crypto Rug Muncher, who has built a reputation for exposing potential cryptocurrency scams, voiced concerns  about Buterin's actions. Crypto Rug Muncher specifically raised alarms since September this year, about the EBULL token, claiming it could be a potential scam, and is warning now that public endorsements from influential figures could inadvertently legitimize projects that may not have transparent operations and could even be fraudulent. According to Crypto Rug Muncher, the acknowledgment of EBULL meme coins contributed to a price surge in this digital token, attracting new crypto investors. However, he warned that such recognition could allow insiders to capitalize on the elevated prices by selling off their holdings, potentially leaving unsuspecting buyers with losses. Crypto Rug Muncher emphasized that charitable donations are commendable and should not come at the cost of investor safety. He argued that projects might misuse the charity angle to gain credibility and attract more investors, all while masking potentially deceptive practices. His specific concerns about the EBULL token highlight the risks of boosting projects without thorough due diligence. Ethical Questions About Promotion and Due Diligence The situation has also prompted broader discussions on the ethical responsibility of public figures and crypto platforms when promoting crypto projects, even indirectly. The crypto industry is no stranger to scams, and cryptocurrency investors often rely on the endorsements of trusted figures. This makes it critical for those with influence to exercise caution and conduct due diligence before publicly acknowledging any projects. Many in the community believe that even charitable gestures can have unintended consequences, especially if the promoted projects turn out to be fraudulent. The key question that arises is: Should influential figures be more cautious when accepting tokens for charity from projects that may not have undergone proper vetting? Conclusion Vitalik Buterin's recent actions have brought to light the delicate balance between supporting charitable causes and maintaining investor trust. While Buterin's intentions may have been noble, the reaction from the community underscores the importance of thorough due diligence, even when engaging in charity. As the crypto market continues to evolve, transparency and caution are essential to prevent any unintended harm to investors. Ethereum co-founder Vitalik Buterin has found himself in the spotlight again, this time, over his charitable engagement with meme coin projects. Buterin recently acknowledged two meme coins, EBULL and MOODENG, for their charitable contributions, stating that any digital tokens sent to him would be donated to charity. This statement has sparked conversations within the crypto community, particularly regarding the potential risks for investors. Vitalik's Acknowledgment of Meme Coins In a tweet shared this week, Vitalik Buterin expressed appreciation for meme coin projects that are donating portions of their supply directly to charity. He specifically mentioned the EBULL and MOODENG tokens, acknowledging their efforts in supporting charitable causes, and noted that digital tokens sent to him would be donated. The 10 billion MOODENG tokens, for example, were directed towards anti-airborne disease technology. tweet While Buterin's gesture appeared genuine, it did not go unnoticed by the crypto community, where questions arose regarding the impact of such public endorsements. The acknowledgment of meme coin projects that may not have undergone thorough scrutiny has raised concerns among investors and market analysts. Concerns From the Community One notable figure in the crypto space, known as Crypto Rug Muncher, who has built a reputation for exposing potential cryptocurrency scams, voiced concerns about Buterin's actions. Crypto Rug Muncher specifically raised alarms since September this year, about the EBULL token, claiming it could be a potential scam, and is warning now that public endorsements from influential figures could inadvertently legitimize projects that may not have transparent operations and could even be fraudulent. voiced concerns According to Crypto Rug Muncher, the acknowledgment of EBULL meme coins contributed to a price surge in this digital token, attracting new crypto investors. However, he warned that such recognition could allow insiders to capitalize on the elevated prices by selling off their holdings, potentially leaving unsuspecting buyers with losses. Crypto Rug Muncher emphasized that charitable donations are commendable and should not come at the cost of investor safety. He argued that projects might misuse the charity angle to gain credibility and attract more investors, all while masking potentially deceptive practices. His specific concerns about the EBULL token highlight the risks of boosting projects without thorough due diligence. Ethical Questions About Promotion and Due Diligence The situation has also prompted broader discussions on the ethical responsibility of public figures and crypto platforms when promoting crypto projects, even indirectly. The crypto industry is no stranger to scams, and cryptocurrency investors often rely on the endorsements of trusted figures. This makes it critical for those with influence to exercise caution and conduct due diligence before publicly acknowledging any projects. broader discussions Many in the community believe that even charitable gestures can have unintended consequences, especially if the promoted projects turn out to be fraudulent. The key question that arises is: Should influential figures be more cautious when accepting tokens for charity from projects that may not have undergone proper vetting? Conclusion Vitalik Buterin's recent actions have brought to light the delicate balance between supporting charitable causes and maintaining investor trust. While Buterin's intentions may have been noble, the reaction from the community underscores the importance of thorough due diligence, even when engaging in charity. As the crypto market continues to evolve, transparency and caution are essential to prevent any unintended harm to investors.

Vitalik Buterin's Charity Meme Coins Donations Raise Questions in Crypto Community

How This Fingertip Wearable Turns Your Sweat Into Vital Health Data

The co-founder of Ethereum, Vitalik Buterin, recently rekindled interest in Plasma’s promising blockchain scaling solution, which was pitched in 2017. With fresh cryptographic innovations such as ZK-SNARKs pressing, he thinks Plasma can meet its old challenges and realize faster and more secure transactions with fewer data loads on the main Ethereum chain. Plasma’s Original Concept Plasma is a layer-two scaling solution for blockchains, which scales the blockchain by offloading computation and data from the main Ethereum chain.  With sidechains and Merkle Trees, many sidechains can perform transactions without clogging up the main blockchain. The main purpose of Plasma is to reduce network traffic, accelerating and further smoothing the general ecosystem of Ethereum. Unlike traditional sidechains, Plasma allows for improved security, enabling users to safely withdraw their funds to the main Ethereum chain even if a Plasma chain becomes compromised. A Plasma chain can choose its consensus mechanism, providing flexibility in its operation. Plasma’s design also uses Merkle trees to store and validate transaction data, reducing the load on Ethereum's mainnet. Challenges Faced by Plasma While Plasma showed promise, it faced several obstacles that limited its use, especially beyond simple payments and transfers. One of the biggest issues was the large client-side data storage requirements. Plasma chains require users to store Merkle proofs for their transactions, which led to storage problems as users needed to track all branches relevant to their assets. Buterin has acknowledged that this challenge contributed to Plasma's decline in popularity. In addition, Plasma struggled with generalizing its framework beyond simple financial transactions. In his blog post, Buterin noted that  Plasma’s security depends on each object having an owner, who has the responsibility to watch and ensure the chain's data is available and exit that object if anything goes wrong. This works well for tokens or NFTs, but Plasma finds it difficult to handle more complex decentralized applications (dApps), which do not have clear ownership structures. Renewed Interest in Plasma With the arrival of new cryptographic technologies, particularly ZK-SNARKs, Buterin sees an opportunity to improve Plasma’s functionality. ZK-SNARKs can help address Plasma’s data storage issues by allowing users to prove the genuineness of transactions without needing to store extensive data. This could significantly reduce the number of data users need to keep track of, making Plasma more efficient. Buterin proposes the utilization of validity proofs to streamline the Plasma chain’s design. These proofs can ensure that transactions are valid before they are committed to the blockchain, thereby eliminating the need for users to keep detailed transaction histories. "In a validity-proven Plasma chain, withdrawals can be instant," Buterin notes, as validity proofs would allow for faster and more secure exits from the Plasma chain. How INTMAX Is Renewing Interest In Plasma Technology PlasmaCON 2024, a star studded event featuring iconic crypto figures such as Vitalik Buterin and David Chaum, was held in Japan on July 31st 2024. At the event organized by INTMAX, a stateless layer2 zkRollup facilitating the resurgence of Plasma, Ethereum's founder Vitalik Buterin spoke passionately about the ‘ return of plasma technology “ INTMAX as a layer2 protocol utilizes Plasma technology, a framework for building scalable Layer 2 solutions on the Ethereum blockchain. A combination of plasma technology and zero-knowledge proofs enables it to offer a scalable, private, and cost-effective platform for global money transfers and several other solutions applicable to financial markets, gaming,AI etc. Leveraging plasma technology, INTMAX is poised to facilitate the return of Ethereum's founder's vision for a scalable , privacy-centric ,  and cost-effective blockchain ecosystem,  with PlasmaCON, a gathering of blockchain and cryptography experts, serving as a springboard. Plasma’s Role in ETH Future Despite the rise of rollups, which have become the leading scaling solution on ETH, Buterin believes that Plasma still has a role to play. Rollups are now favored because they keep most of the data on-chain, ensuring higher security. However, Plasma offers a unique advantage by taking almost all data off-chain, which could result in significantly lower transaction fees. Buterin sees Plasma as particularly beneficial for blockchains that already use validiums, another type of layer-two scaling solution. Plasma, he argues, could enhance the security of such chains by offloading data availability concerns while also reducing costs for users. “Plasma lets us completely sidestep the data availability question, greatly reducing transaction fees,” Buterin explained. This makes it an attractive option for chains looking to balance scalability with security. However, Buterin acknowledges that Plasma is not a silver bullet for all scaling issues. He points out that while Plasma has its strengths, it is not suitable for all types of Ethereum applications, particularly those that rely heavily on complex interactions between different smart contracts. For these cases, rollups will likely remain the preferred solution. While Plasma may have been riding in the back of rollups over the past couple of years, the renewed curiosity of Buterin gave it its potential as a workable scaling solution for Ethereum. Adding new technologies such as ZK-SNARKs should resolve some of the previous limitations of Plasma and make it faster, more secure, and less burdensome for users. In conclusion, Plasma raised by The CEO of Ethereum, Vitalik Buterin, signifies the future to fix Ethereum’s scaling problem through the integration of the advanced cryptographic solution ZK-SNARKs. Thus, Plasma’s capacity to decrease transaction costs by shifting data from the central Ethereum chain is deemed to be a better solution to scalability difficulties for those blockchains that employ validiums. Nevertheless, Plasma has its issues, most notably with scalability and the ability to function with more complicated dApps, and that’s why it cannot fully supplant rollups. Therefore, Buterin’s work on Plasma marks a trend of exploration for the best solutions in this industry depending on their applicability to solve various problems within blockchain infrastructure. The co-founder of Ethereum, Vitalik Buterin, recently rekindled interest in Plasma’s promising blockchain scaling solution, which was pitched in 2017. With fresh cryptographic innovations such as ZK-SNARKs pressing, he thinks Plasma can meet its old challenges and realize faster and more secure transactions with fewer data loads on the main Ethereum chain. Plasma’s Original Concept Plasma is a layer-two scaling solution for blockchains, which scales the blockchain by offloading computation and data from the main Ethereum chain.  With sidechains and Merkle Trees, many sidechains can perform transactions without clogging up the main blockchain. The main purpose of Plasma is to reduce network traffic, accelerating and further smoothing the general ecosystem of Ethereum. Unlike traditional sidechains, Plasma allows for improved security, enabling users to safely withdraw their funds to the main Ethereum chain even if a Plasma chain becomes compromised. A Plasma chain can choose its consensus mechanism, providing flexibility in its operation. Plasma’s design also uses Merkle trees to store and validate transaction data, reducing the load on Ethereum's mainnet. Challenges Faced by Plasma While Plasma showed promise, it faced several obstacles that limited its use, especially beyond simple payments and transfers. One of the biggest issues was the large client-side data storage requirements. Plasma chains require users to store Merkle proofs for their transactions, which led to storage problems as users needed to track all branches relevant to their assets. Buterin has acknowledged that this challenge contributed to Plasma's decline in popularity. In addition, Plasma struggled with generalizing its framework beyond simple financial transactions. In his blog post , Buterin noted that  Plasma’s security depends on each object having an owner, who has the responsibility to watch and ensure the chain's data is available and exit that object if anything goes wrong. his blog post his blog post This works well for tokens or NFTs, but Plasma finds it difficult to handle more complex decentralized applications (dApps), which do not have clear ownership structures. Renewed Interest in Plasma With the arrival of new cryptographic technologies, particularly ZK-SNARKs, Buterin sees an opportunity to improve Plasma’s functionality. ZK-SNARKs can help address Plasma’s data storage issues by allowing users to prove the genuineness of transactions without needing to store extensive data. This could significantly reduce the number of data users need to keep track of, making Plasma more efficient. Buterin proposes the utilization of validity proofs to streamline the Plasma chain’s design. These proofs can ensure that transactions are valid before they are committed to the blockchain, thereby eliminating the need for users to keep detailed transaction histories. "In a validity-proven Plasma chain, withdrawals can be instant, " Buterin notes, as validity proofs would allow for faster and more secure exits from the Plasma chain. "In a validity-proven Plasma chain, withdrawals can be instant, How INTMAX Is Renewing Interest In Plasma Technology PlasmaCON 2024, a star studded event featuring iconic crypto figures such as Vitalik Buterin and David Chaum, was held in Japan on July 31st 2024. At the event organized by INTMAX, a stateless layer2 zkRollup facilitating the resurgence of Plasma, Ethereum's founder Vitalik Buterin spoke passionately about the ‘ return of plasma technology “ INTMAX as a layer2 protocol utilizes Plasma technology, a framework for building scalable Layer 2 solutions on the Ethereum blockchain. A combination of plasma technology and zero-knowledge proofs enables it to offer a scalable, private, and cost-effective platform for global money transfers and several other solutions applicable to financial markets, gaming,AI etc. Leveraging plasma technology, INTMAX is poised to facilitate the return of Ethereum's founder's vision for a scalable , privacy-centric ,  and cost-effective blockchain ecosystem,  with PlasmaCON, a gathering of blockchain and cryptography experts, serving as a springboard. Plasma’s Role in ETH Future Despite the rise of rollups, which have become the leading scaling solution on ETH, Buterin believes that Plasma still has a role to play. Rollups are now favored because they keep most of the data on-chain, ensuring higher security. However, Plasma offers a unique advantage by taking almost all data off-chain, which could result in significantly lower transaction fees. Buterin sees Plasma as particularly beneficial for blockchains that already use validiums, another type of layer-two scaling solution. Plasma, he argues, could enhance the security of such chains by offloading data availability concerns while also reducing costs for users. “Plasma lets us completely sidestep the data availability question, greatly reducing transaction fees,” Buterin explained. “ Plasma lets us completely sidestep the data availability question, greatly reducing transaction fees,” Buterin explained. Plasma lets us completely sidestep the data availability question, greatly reducing transaction fees,” This makes it an attractive option for chains looking to balance scalability with security. However, Buterin acknowledges that Plasma is not a silver bullet for all scaling issues. He points out that while Plasma has its strengths, it is not suitable for all types of Ethereum applications, particularly those that rely heavily on complex interactions between different smart contracts. For these cases, rollups will likely remain the preferred solution. While Plasma may have been riding in the back of rollups over the past couple of years, the renewed curiosity of Buterin gave it its potential as a workable scaling solution for Ethereum. Adding new technologies such as ZK-SNARKs should resolve some of the previous limitations of Plasma and make it faster, more secure, and less burdensome for users. In conclusion, Plasma raised by The CEO of Ethereum, Vitalik Buterin, signifies the future to fix Ethereum’s scaling problem through the integration of the advanced cryptographic solution ZK-SNARKs. Thus, Plasma’s capacity to decrease transaction costs by shifting data from the central Ethereum chain is deemed to be a better solution to scalability difficulties for those blockchains that employ validiums. Nevertheless, Plasma has its issues, most notably with scalability and the ability to function with more complicated dApps, and that’s why it cannot fully supplant rollups. Therefore, Buterin’s work on Plasma marks a trend of exploration for the best solutions in this industry depending on their applicability to solve various problems within blockchain infrastructure.

Why Vitalik Buterin Is Bullish On Plasma Technology: What It Means For Ethereum's Future

Last week, I suspected that Vitalik's X account might have been hacked when I saw a post featuring a meme of a bull with a tag around its neck that boldly read, ‘Ethereum is good’. Vitalik succumbed to popular requests to be less philosophical on his X account. But this ‘experiment’ lasted for just one day. If you're a non-technical person following Vitalik on X, you might find that his articles, no matter how lengthy, often leave you feeling less informed than when you began reading. You can't really blame Vitalik, given that he's a core developer, but this can shape the perceptions of everyone from crypto natives to degens and non-crypto natives alike. Does the Ethereum Ecosystem Need More Memes? Mobs on X often claim "Ethereum is dead" without referencing any data. However, a closer look at the charts tells a different story. Take a look at the charts 👇🏽 More than two-thirds of all the money (liquidity) in the world of DeFi is on the Ethereum blockchain. This shows most people trust and use  Ethereum heavily despite the meme coin craze. An average of 6 million active wallets have interacted with Ethereum L2 chains over the last 3 months. Could it be that Ethereum attracts a more technically savvy audience, grounded in the institutional side of DeFi? Ethereum has seen a 1500% increase in researchers, which is necessary to fuel innovation and long-term growth. But if mass adoption is also key, using memes and other degen marketing approaches could be an effective strategy to engage a broader audience. Analyzing Vitalik's Shit Post Vitalik's shit post was a hit, attracting over 3 million views. This shows an increase of over 604% compared to the average viewers of his previous three posts. For many who came across the post, it served as a reminder—especially for meme coin traders who may have momentarily forgotten about Ethereum's presence in the ecosystem. This is a good sort of reawakening. Not necessarily trying to prove any point (even though the charts have done so) but basically to simplify Ethereum's educational workflow. Imagine if every time a major project launched on Ethereum, Vitalik or another thought leader in the ecosystem shared a lighthearted post like this, clearly explaining its value to the average person. Views would spike, more conversations would unfold, and non-crypto natives would better understand and use Ethereum, realizing there's a place for them in the space. It doesn’t have to be a meme, but rather a simple, non-technical explanation that a 5-year-old could understand. Take the Solana space, for example—when they introduced ZK compression, a technology different from Layer 2 solutions that works on Layer 1 to improve scalability and reduce costs. Mert, a Solana developer, explained ZK compression without using technical jargon. This helped clarify things for many, despite ongoing debates—particularly from the Ethereum community—about whether it was a Layer 2 upgrade or not. Nonetheless, it effectively communicated Solana's position on ZK compression. Shit Posts Are Fertile Grounds for Virality One reason why posts like Vitalik’s recent one are great for going viral is that people can easily reuse and share the meme. Indirectly shit posts are viral loops that can bring in many good things. In the Web3 space, some of the most successful communities have been built around memes. To stand out, it’s important to be strategic about using them. The memes should strongly tie to the community they represent. Final Notes A nontechnical person who is also a non crypto native may find Vitalik’s X account boring and unrelatable. Shit posting once in a while could go a long way to reduce such perceptions. Vitalik recently stated that he has never seen the need to hire a ghostwriter for any of his accounts. So should we just expect more technical jargon and a sprinkle of memes and simple posts, once in a gazillion years?


Researchers are essential for building and improving an ecosystem as robust as Ethereum. However, it's equally important to provide resources for the general public, who are the larger group and the intended end users. Last week, I suspected that Vitalik's X account might have been hacked when I saw a post featuring a meme of a bull with a tag around its neck that boldly read, ‘ Ethereum is good ’. Ethereum is good Vitalik succumbed to popular requests to be less philosophical on his X account. But this ‘experiment’ lasted for just one day. If you're a non-technical person following Vitalik on X, you might find that his articles, no matter how lengthy, often leave you feeling less informed than when you began reading. You can't really blame Vitalik, given that he's a core developer, but this can shape the perceptions of everyone from crypto natives to degens and non-crypto natives alike. Does the Ethereum Ecosystem Need More Memes? Mobs on X often claim " Ethereum is dead " without referencing any data. However, a closer look at the charts tells a different story. Ethereum is dead Take a look at the charts 👇🏽 Take a look at the charts 👇🏽 More than two-thirds of all the money (liquidity) in the world of DeFi is on the Ethereum blockchain. This shows most people trust and use  Ethereum heavily despite the meme coin craze. More than two-thirds of all the money (liquidity) in the world of DeFi is on the Ethereum blockchain. This shows most people trust and use  Ethereum heavily despite the meme coin craze. An average of 6 million active wallets have interacted with Ethereum L2 chains over the last 3 months. An average of 6 million active wallets have interacted with Ethereum L2 chains over the last 3 months. Could it be that Ethereum attracts a more technically savvy audience, grounded in the institutional side of DeFi? Ethereum has seen a 1500% increase in researchers, which is necessary to fuel innovation and long-term growth. But if mass adoption is also key, using memes and other degen marketing approaches could be an effective strategy to engage a broader audience. Analyzing Vitalik's Shit Post Vitalik's shit post was a hit, attracting over 3 million views. This shows an increase of over 604% compared to the average viewers of his previous three posts. For many who came across the post, it served as a reminder—especially for meme coin traders who may have momentarily forgotten about Ethereum's presence in the ecosystem. This is a good sort of reawakening. Not necessarily trying to prove any point (even though the charts have done so) but basically to simplify Ethereum's educational workflow. Imagine if every time a major project launched on Ethereum, Vitalik or another thought leader in the ecosystem shared a lighthearted post like this, clearly explaining its value to the average person. Views would spike, more conversations would unfold, and non-crypto natives would better understand and use Ethereum, realizing there's a place for them in the space. It doesn’t have to be a meme, but rather a simple, non-technical explanation that a 5-year-old could understand. Take the Solana space, for example—when they introduced ZK compression , a technology different from Layer 2 solutions that works on Layer 1 to improve scalability and reduce costs. ZK compression Mert, a Solana developer, explained ZK compression without using technical jargon. This helped clarify things for many, despite ongoing debates—particularly from the Ethereum community—about whether it was a Layer 2 upgrade or not. Nonetheless, it effectively communicated Solana's position on ZK compression. Shit Posts Are Fertile Grounds for Virality One reason why posts like Vitalik’s recent one are great for going viral is that people can easily reuse and share the meme. Indirectly shit posts are viral loops that can bring in many good things. In the Web3 space, some of the most successful communities have been built around memes. To stand out, it’s important to be strategic about using them. The memes should strongly tie to the community they represent. Final Notes A nontechnical person who is also a non crypto native may find Vitalik’s X account boring and unrelatable. Shit posting once in a while could go a long way to reduce such perceptions. A nontechnical person who is also a non crypto native may find Vitalik’s X account boring and unrelatable. Shit posting once in a while could go a long way to reduce such perceptions. Vitalik recently stated that he has never seen the need to hire a ghostwriter for any of his accounts. So should we just expect more technical jargon and a sprinkle of memes and simple posts, once in a gazillion years? Researchers are essential for building and improving an ecosystem as robust as Ethereum. However, it's equally important to provide resources for the general public, who are the larger group and the intended end users. Vitalik recently stated that he has never seen the need to hire a ghostwriter for any of his accounts. So should we just expect more technical jargon and a sprinkle of memes and simple posts, once in a gazillion years? Vitalik recently stated that he has never seen the need to hire a ghostwriter for any of his accounts. So should we just expect more technical jargon and a sprinkle of memes and simple posts, once in a gazillion years? Researchers are essential for building and improving an ecosystem as robust as Ethereum. However, it's equally important to provide resources for the general public, who are the larger group and the intended end users. Researchers are essential for building and improving an ecosystem as robust as Ethereum. However, it's equally important to provide resources for the general public, who are the larger group and the intended end users.

Vitalik's Shit Post Is Very ‘Demure’ and ‘Mindful’ of Ethereum

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মূল ওয়েব ভাইটাল বোঝা: আপনার ওয়েবসাইটের গুরুত্বপূর্ণ লক্ষণ

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了解核心网络生命：您网站的生命体征

Traditional logistics services are unable to cater to the increase in demand for efficiency and accuracy. Hence, AI solutions must be explored for cost optimization and resource usage. They must also at the same time ensure speed and precision. The success of AI largely depends on the accuracy and quality of data advancements. In essence, data annotation acts as the bridge enabling machine learning models to comprehend and address real-world issues. Over the years, data annotation has played a tremendous role in boosting growth across industries. Companies employ trained professionals to annotate data for their clients. Modern technologies utilize artificial intelligence (AI) and data annotation to cut costs and acquire customers. Data annotation is also facilitating rapid growth in the transportation industry by assisting machines develop an awareness of the world as it exists. The popularity of online shopping has also led to a rise in demand for logistics services by consumers. Both AI and data annotation have the capability to redefine each element of the through automated warehouse management, intelligent delivery route planning, predictive maintenance, and demand forecasting. So, let’s take a look at each of these elements. logistics industry Automated Warehouse Management: AI inventory management systems assist in better inventory decisions through the automation of several manual processes. Since manual processes like data entry and manual recording of items are very time-consuming and prone to human error, they may not offer real-time insights into inventory levels and demand patterns. AI is also useful in analyzing vast volumes of data and offering insights into inventory levels, demand, and supply in real time. It includes data analysis from point-of-sale items, historical sales data, and supplier data. It is also used for predicting demand for products and assisting businesses in adjusting their inventory levels to prevent overstocking or understocking. This assists retailers in bringing down costs linked with inventory stocking and improvement of order fulfillment times. Intelligent Delivery Route Planning or route optimization:  This is a major component of logistics as it establishes the best route for goods to be transported from one point to another. Data from different sources like GPS tracking, weather forecasts, and traffic sensors are used for determining the best route using AI algorithms. It can be used for optimizing routes as per weather conditions. The use of AI in businesses helps in time and cost saving enhancing the overall delivery experience. Predictive Maintenance: This is an important area in AI as it transforms the logistics industry by preventing downtime which is expensive leading to delays and loss of revenue. It utilizes data analysis and machine learning algorithms for predicting when maintenance is needed and assists logistics companies in identifying issues prior to their occurrence. AI is used to analyze data and identify patterns for predicting maintenance work including equipment repairs or replacement. AI assists businesses in identifying issues prior to them becoming serious and taking precautionary measures to limit business disruption. Demand Forecasting: This is an important part of supply chain management in e-commerce businesses as it assists them in optimizing inventory, improving supply chain planning, and limiting the risk of stockouts and waste. Moreover, it’s a complicated and challenging task for businesses dealing with a wide range of products and market segments. AI-backed demand forecasting assists eCommerce businesses in predicting sales and optimizing inventory levels resulting in enhanced supply chain efficiency and customer satisfaction. All in all, AI helps in transforming the manner in which businesses operate through the use of AI for data analysis and predicting future demand. Conclusion AI brings great opportunities for automating routine tasks, enhancing efficiency, and limiting costs. The implementation of AI in logistics assists businesses in reaping rewards and staying ahead of the competition. The continuing developments in AI have opened up the doors for endless possibilities. These include data integration and compatibility, scalability, accurate forecasting, bridging gaps in skills and knowledge, improving efficiency, etc.

The Vital Role Data Annotation Plays in the Logistics Industry

**DENVER, USA, February 23rd, 2024/Chainwire/--**The Decentralized AGI Summit, organized by Sentient and Symbolic Capital, will bring together top thought leaders in Decentralized AI like Vitalik Buterin, Sandeep Nailwal, Illia Polosukhin, and Sreeram Kannan. As the development of artificial general intelligence (AGI) systems accelerates, there are growing concerns that centralized AI controlled by a small number of actors poses a major threat to humanity. The inaugural Decentralized AGI Summit will bring together top experts in AI and blockchain like Vitalik Buterin, Sandeep Nailwal, Illia Polosukhin, Sreeram Kannanm, and more, to explore how decentralized, multi-stakeholder governance models enabled by blockchain technology can help make the development of AGI safer, more transparent and aligned with the greater good. “The rapid acceleration of centralized AI and its integration into everyday life has led humanity to a crossroads between two future worlds,” says Sandeep Nailwal. “On the one hand, we have the choice of a Closed World. This world is controlled by few, closed-source models run by massive mega corporations. On the other hand, we have the choice of an Open World. In this world, models are default open-source, inference is verifiable, and value flows back to the stakeholders. The Open World is the world we want to live in, but it is only possible by leveraging blockchain to make AI more transparent and just.” The Decentralized AGI Summit will take place on Monday, February 26th from 3-9pm MST. It is free and open to the public to attend at: https://decentralizedagi.org/. "We are excited to help facilitate this important discussion around the development of safe and ethical AGI systems that leverage decentralization and multi-stakeholder governance," said Kenzi Wang, Co-Founder and General Partner at Symbolic Capital. "Bringing luminaries across both the AI and web3 domains together will help push forward thinking on this critical technological frontier." Featured keynote speakers include: Vitalik Buterin, Co-Founder of Ethereum Foundation Sandeep Nailwal, Co-Founder of Polygon Labs Illia Polosukhin, Co-Founder of Near Foundation Sreeram Kannan, Founder of Eigenlayer Topics will span technical AI safety research, governance models for AGI systems, ethical considerations, and emerging use cases at the intersection of AI and blockchain. The summit aims to foster collaboration across academic institutions, industry leaders and the decentralized AI community. For more details and to register, visit https://decentralizedagi.org/. About Sentient Sentient is building a decentralized AGI platform. Sentient’s team is comprised of leading web3 founders, builders, researchers, and academics who are committed to creating trustless and open artificial intelligence models. Learn more about Sentient here: https://sentient.foundation/ About Symbolic Capital Symbolic Capital is a people-driven investment firm supporting the best web3 projects globally. Our team has founded and led some of the most important blockchain companies in the world, and we leverage this background to provide unparalleled support to the companies in our portfolio. Learn more about Symbolic Capital here: https://www.symbolic.capital/ Contact Sam Lehman sam@symbolic.capital This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Vitalik Buterin And Sandeep Nailwal To Headline Decentralized AGI Summit At Ethdenver

Recently, Ethereum founder Vitalik Buterin proposed integrating (ZK-EVM) into Ethereum's Layer-1. This proposal is aimed at creating a native system within the Ethereum protocol that utilizes Zero-Knowledge Proofs for the verification of Ethereum blocks. an enshrined Zero-Knowledge Ethereum Virtual Machine The primary objective of integrating ZK-EVM into Ethereum's core is to reduce the blockchain's dependence on external codebases, potentially lowering the risks associated with bugs in these systems. The proposal suggests that incorporating ZK-EVM at the protocol level could improve Ethereum's network operations' security and processing speed. The idea of "enshrining" ZK-EVM within Ethereum's protocol is significant because it represents a structural enhancement to the blockchain's framework. The proposal aims to bolster the network's efficiency and security capabilities by making ZK-EVM a core component of Ethereum. This integration is also aligned with Ethereum's multi-client philosophy, which supports the use of various proving systems across different clients. The enshrinement of ZK-EVM is presented as a strategic update to Ethereum's infrastructure, designed to address scalability, privacy, and efficiency challenges, thereby supporting Ethereum's growth and adaptation to future demands. An example of a ZK-VM is the Polygon zkEVM, a bit like a turbo-charged engine for blockchain apps, designed to work with Ethereum but faster and cheaper. It's a kind of virtual machine that uses something called zero-knowledge proofs to process transactions. These proofs help speed things up and cut costs, all while keeping the rock-solid security Ethereum is known for. Under the hood, Polygon zkEVM uses a combination of two technologies, SNARKs and STARKs, to make things efficient and speedy. SNARKs help make the data smaller, which is great for saving space and costs, while STARKs speed up the process of proving that transactions are legit. By running several of these proof generators simultaneously, Polygon zkEVM can handle many more transactions at once, making the whole system faster and smoother for everyone. Another example is Linea, a Type 2 zkEVM with full EVM equivalence that enables compatibility with most of Ethereum's decentralized applications (DApps). Consequently, developers can port their DApps from Ethereum to Linea without extensive modifications. This compatibility extends to the ease of migrating code back to Ethereum or to other EVM-compatible blockchains, emphasizing Linea's adaptability and interoperability within the broader blockchain ecosystem. Since it is EVM-equivalent, it operates similarly to Ethereum's mainnet, providing a platform for developers to create and use smart contracts in an environment they are already familiar with. This similarity is designed to facilitate the transition for developers accustomed to Ethereum, enabling them to utilize Linea without significant adjustments to their workflow. The Developer Exodus to EVM Chains Electric Capital's latest report sheds light on a fascinating shift happening in the blockchain world: a huge number of developers are flocking to Ethereum Virtual Machine (EVM)-compatible chains. The report reveals a staggering fact - This shows how EVM chains are a magnet for developer talent and points to a significant change in where developers choose to spend their time and energy. 87% of all multichain developers have worked on at least one EVM-compatible network. The report also discusses a cool trend of "cross-pollination" among developers. A big chunk of them are not just sticking to one but are spreading their ideas and code across different EVM-compatible chains. The EVM ecosystem is where they want to be. So, what's pulling developers towards EVM chains? A few big reasons stand out. For starters, these chains gel well with Ethereum's standards and protocols, making it easy for developers to jump in without skipping a beat. They can use what they already know and what they've already built, cutting down on the time and effort needed to get up to speed. For example, the EOS EVM works as a bridge between the EOS and Ethereum ecosystems, letting developers bring over Solidity-based projects—think digital assets and dApps—from Ethereum into the high-speed, high-efficiency world of EOS. It's like taking the best of both worlds: Ethereum's rich ecosystem and mature tools, and combining them with the power-packed performance EOS is known for. The EVM also supports WebSocket a tool for developing applications that need to talk back and forth with the server in real-time, without the delay you'd typically get with regular HTTP requests. This means developers can build more responsive and interactive applications directly on the EOS EVM, from chat apps and live trading platforms to DeFi notifications and NFT mint tracking. Then there's the toolbox and community support with Ethereum and its kin. Developers can access everything from top-notch documentation to ready-made smart contract templates and forums full of fellow coding enthusiasts. This wealth of resources makes it a breeze to build, experiment, and innovate. But it's not just about the ease of use. Cost and scalability are huge, too. With Ethereum's gas fees sometimes hitting the roof, developers are looking for places to build without burning through cash. EVM-compatible chains often offer a sweet spot of lower costs and higher performance, making them super appealing for anyone wanting to deploy dApps or smart contracts. Plus, the rise of layer-2 solutions and sidechains means even better scalability and affordability, all while staying friendly with Ethereum's ecosystem. Real-life stories of projects making the move to EVM chains are everywhere. Take Polygon and Binance Smart Chain, which have become hotspots for everything from DeFi projects to NFT marketplaces. Developers behind these moves often talk about how the switch made sense for them in terms of deployment ease, cost savings, and reaching a wider audience. Hearing from developers themselves, it's clear they're thinking strategically. They're not just chasing the next big thing; they're looking for platforms that offer the best mix of tech savvy, economic sense, and audience reach. This shift to EVM-compatible chains isn't just a trend. It's a calculated move by developers aiming to maximize the blockchain's potential, focusing on efficiency, scalability, and the chance to connect with more users. The Rising Adoption of EVM as a Cost-Effective Alternative Flipside, a platform diving deep into blockchain data, as a wallet-friendly choice in the blockchain world. They've noticed a big trend: people and developers are leaning more towards EVM-compatible layer-2 networks. has shed light on how the Ethereum Virtual Machine (EVM) is gaining traction Searching for cheaper transaction costs and quicker processing times mainly drives this move. Given Ethereum's own struggles with sky-high gas fees and jam-packed networks, it's no surprise that folks are looking for smoother options. Flipside's findings suggest this isn't just a fleeting trend. It looks like we're witnessing a shift that could really shake up the market, pushing towards alternatives to Ethereum. The push for EVM-compatible options is part of a larger movement in the industry, where keeping costs down and boosting performance is key. New players and ecosystems might enter the scene as developers and users flock to platforms that strike the correct balance between cost efficiency and performance. This could lead to a more diverse blockchain ecosystem, with various chains and layer-2 solutions living side by side, offering more choices to developers and users alike. The landscape for EVM chains and Ethereum seems set for continuous evolution, with upgrades aimed at tackling scalability and affordability. How EVM-compatible chains fit into this picture will likely shift as these improvements roll out. Aspects like environmental impact, governance, and how well different systems work together will take on bigger roles as the ecosystem grows. Moreover, the ability for Ethereum and EVM-compatible chains to work seamlessly together will be vital for a cohesive blockchain ecosystem that doesn't sacrifice security or the spirit of decentralization for efficiency and user experience. Flipside's insights into the EVM's rise as a budget-friendly alternative highlight a significant moment for the blockchain industry. This trend is shaking up the competitive landscape and fuelling innovation, possibly leading to the birth of new platforms and ecosystems. As the blockchain space continues to unfold, the importance of sustainability, governance, and interoperability in shaping the future success of EVM chains and Ethereum will only grow. These trends paint a picture of a blockchain future where adaptability, efficiency, and inclusivity are front and center. Conclusion The Ethereum and its underlying technology, the Ethereum Virtual Machine (EVM), is undergoing some pretty exciting changes. It's a time full of opportunities for developers, investors, and anyone passionate about blockchain. As more chains become compatible with EVM and innovations keep popping up within Ethereum itself, we're seeing a sector that's growing fast and opening new doors for exploration, development, and investment. The expanding EVM ecosystem is like a vast playground for the tech wizards out there. Innovations like ZK-EVM are making Ethereum more scalable and private, making it an even better place for developing decentralized apps. Whether you're into creating the next big DeFi platform, crafting unique NFT experiences, or pushing the boundaries with new blockchain apps, now's the time to dive in. The community's strong, the tools and endless possibilities exist. Investors, you're up for an exciting ride too. Electric Capital and Flipside reports show a surge of interest in EVM-compatible solutions. This buzz is creating a fertile ground for investments that could pay off big time down the line. It's a good moment to look into projects and platforms within the EVM ecosystem, as your investments could help shape the future of decentralized tech. And let's not forget the blockchain enthusiasts – your voice matters more than ever. Getting involved in governance, joining the conversation in community forums, or spreading the latest in EVM tech can make a real difference. These collective actions will help push the ecosystem to be more open, inclusive, and true to the spirit of decentralization.

EVMs in 2024: Vitalik's ZK-EVM Proposal and the Developer Shift to EVM Chains

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