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In -depth analysis of Bitcoin inscription
introduction
Bitcoin has gone through a long way from the “digital cash” that was originally anonymous transaction.Since the introduction of the inscription in 2021, Bitcoin has begun to develop new possibilities in programming currency and decentralized finance, which has also excited Web3’s pioneers.Use extended script language to achieve customable ownership logic and chain status. The inscription promises to open a new era. Among them, Bitcoin is used as a basic settlement layer for downloadable data, whether it is image, audio or text.Although it is still in the early stage, the inscription -based agreement has shown the possibility of Bitcoin in the future, not only as a payment tool, but may evolve into the basic layer of programmable property rights and digital ownership.However, for investors, there are still risks in the implementation of technology implementation, market environment, and regulatory gray areas.
History behind the inscription
“Colored BTC” (Colored BTC)
In the early stage of Bitcoin, it was only used for point -to -point transactions and storage values.Since 2012, “Color Coins” -No Conglai represents the assets of the real world, such as stocks or property.It will color Bitcoin’s unused transaction output (UTXO) for use in other links.However, tracking these special currency proof is unsustainable, leading to Bitcoin’s UTXO set expansion.Although the capacity is seriously limited, people are trying to inject metadata into the trading script for the first time.
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By 2014, because of the need to remove the useless UTXO data, OP_RETURN output appeared, and the 40 -bytes were marked with 40 bytes to include any data.The 2017 SEGWIT upgrade solves the problem of transaction variableness and block capacity restrictions.It proposes a separate block called witnesses to inject metadata, and its storage capacity is greater.Bitcoin’s witness block also enhances the space embedded in data script.
In 2021, the Taproot upgrade, introduced Schnorr signatures and Merkelize Alternative Script Tree (MAST) data structure, which improved efficiency, privacy and script complexity.Schnorr’s signature allows aggregating keys and signatures in transactions, which means that the network can handle more transactions at a faster and cheaper speed.Using MAST as data storage, the Merkle branch only records the results of executing scripts to the blockchain, rather than all ways that may execute the script, which greatly reduces the space occupied by transactions, especially more complex transactions.The most important thing is that Tapscript modified by the script language of Bitcoin to enable it to read the Schnorr signature, which eliminates the script size limit and allows the complex inscription protocol directly at Bitcoin’s basic layer.After years of gradual improvement of flexibility and increased capacity, Bitcoin has been paved in the new era of layered digital ownership in the field of cryptocurrencies.
How does the inscription work
The needs of the order number protocol
The order number protocol was created by Casey Rodarmor, the core developer of Bitcoin, and it gave a sort to the smallest unit of Bitcoin.Before the preface protocol appears, all Cong is homogeneous, without recognition order or unique metadata.The order number specification provides a method that can specify a serial number for each Cong according to the order of being excavated or transferred.This has obtained a unique identifier based on its order position.
According to the order number protocol, when the Bitcoin transaction is conducted, the minimum number can be consumed first.By applying this rule throughout the blockchain, you can allocate a verifiable order and sequence number for each existing Cong Cong since the birth of Bitcoin.
Professional Bitcoin browsers and wallets follow the order specifications, and accurately display an orderly wicked balance with the index under the chain in order to find the required inscription set.Therefore, users can accurately know which order of Satoscope they control, and Cong, who transferred a specific number when needed.
The order order order is essential for identifying and tracking custom -based metadata -based metadata (such as inscriptions).Without preface, the data cannot be reliably fixed to a single Cong.Therefore, the Bitcoin inscription agreement seriously depends on the centralized chain indexes that are seriously dependent, to achieve the distribution and proof of the ownership of digital workpieces. These digital workpieces are linked to the Cong of the number.
Brc20 -icing on the cake
In March 2023, an anonymous developer with @Domodata alias launched a BRC-20 based on the order number agreement, which caused a speculative boom in Bitcoin.The BRC20 is a token standard introduced to the Bitcoin blockchain, which is inspired by ERC20 specifications popular on Ethereum.The BRC20 allows users to directly define, cast, track and transfer to customized tokens to Bitcoin’s basic layer, thereby creating tokens other than BTCs on the Bitcoin blockchain.
At the technical level, BRC20 tokens use the Bitcoin inscription and preface to unlock the function.Specifying the BRC20 tokens involves the creation of special inscription data to mark the token parameters and coin rules.These data are recorded on the Cong of the individual order.
A typical BRC20 deployment inscription will define attributes such as tokens, total supply, and the coin limit of each order of Satoshi.The subsequent inscriptions encode the relevant state changes, such as adding a new token supply or transferred tokens between the address.
Moving these inscription Cong Bitcoin transactions have achieved these BRC20 state changes.By tracking the history of the inscription, supporting the BRC20 wallet and block browser software can sort the event and calculate the current ownership balance.Therefore, users can issue and exchange tokens defined by user -defined through basic Bitcoin ledger.
Unlike Ethereum’s account -based token balance, BRC20 relies on the sequence of coins and transfer inscriptions to explain the rules set of BRC20 through the order number protocol and a centralized chain indexes;The state of blockchain is reflected as an EVM.The storage mechanism that was originally aimed at storing any data has now evolved into a “alternative” ledger system, which is more traditional.Technically, it is intangible and can only be exchanged in the predefined inscriptions.But in general, the BRC20 directly provides similar tokens on Bitcoin, but failed to achieve the function of smart contracts.
Overview of the development of inscription technology
Impact on other projects of the EVM chain
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FIGURE: INScriptions on EVM: https://dune.com/hildobby/inscript
The boom around the Bitcoin inscription prompts other blockchain projects to compete for similar functions.By encoding data into CALLDATA and relying on external indexers, such as Ethereum, Arbitrum and Avalanche have begun to launch projects similar to inscriptions.
Compared with the Ordinals on Bitcoin, prices have declined because the cost of interaction and inscription on other chains is lower; however, unlike NFT driven by smart contracts on Ethereum, this method cannot achieve complex functions such as distributed version taxes.
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InScriptions in Endm: https://bitpushnews.medium.com/inscriptions-a-data-or -To-to-lastay-79214f66cd4444
However, the traffic on the peak chain in a short period of time has put some network infrastructure to suffer greater pressure.The congestion and downtime on the peak of Avalanche, Polygon, Arbitrum, ZKSYNC, NEAR, and COSMOS have highlighted the potential risks before the speculative demand is placed in the sustainable development plan.
Overall pattern summary
Ordinals data analysis
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Source: https://dune.com/dgtl_asSets/Bitcoin- orDinals-analysis
Most of the burnout is text, which means that they are BRC20 token.
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Inscriptions on Bitcoin: https://dune.com/dgtl_asSets/Bitcoin- Ordinals-analysis
The inscription technology has opened up new application scenarios in digital collections, tokens, payment, and independent identity certification based on Bitcoin.But at the same time, critics pointed out that there are centralized risks in transaction verification, mining, wallets and software related to the inscriptions related to the inscriptions and infrastructure.In addition, the legal regulations of activities on the emerging chain have also brought certain uncertainty.
In summary, although the Bitcoin inscription is full of attractive possibilities, with the increase of its usage, sustainable infrastructure and fair governance mechanism are still very critical.
Persistent analysis
Retrospective
Looking back on the recent precedent, it provides a growth trajectory for emerging innovation such as Bitcoin inscriptions.Earlier two cryptocurrency trends showed obvious similarities -the rise and decline of algorithm stabilization coins, and the NFT boom in 2021.
The algorithm stabilization coin promises to achieve price stability through complex incentives without mortgage.However, complicated token economics confuses many speculative users, rather than because of its actual use.Users are mainly attractive by the attractive consumers of algorithm stable currency, such as no mortgage.But with the changes in market conditions, like the collapse of Terrausd in May 2022, these projects failed to maintain an equivalent with the US dollar when the confidence was lost.
Similarly, the NFT trend quickly lost interest after the upsurge, and it was temporarily full of speculation.Users are struggling in the actual use of discovering the scale that match the scale of short promotion.In order to maintain market share, it is increasingly dependent on building practical applications before user transfer.
Unless the application of the inscription surpasses simple speculative needs, they seem to be walking on similar roads.In the actual needs such as incorporating the inscription into the solution of transparency, vouchers, identity authentication, and content certification, it seems that it is essential for it to avoid repeating the previous prosperity and recession cycle.
Through the continuous community development, it can be cultivated and sustainable practicality while avoiding the same mistakes, but it still needs to supplement the combination of technological innovation and the fair integration of the real world.
Overall market analysis
In addition to the restrictions of infrastructure, the Bitcoin inscription is also facing external obstacles.Although the speculation cycle of the NFT collections or token such as the NFT collection or tokens is strong, it proves that it is short -lived, without basic actual use, and still lacks continuous long -term attractiveness.
The sparse peak of the inscription trading mentioned above also highlights the relatively immature products based on the current inscription -based products.Critics pointed out that the quality of these agreements and experiences is low compared with other mature web3 fields, such as decentralized finance.In order to get rid of the interest of niche, we must improve accessability and functionality.
At the same time, there are questions about: Does these emerging experiments surpass the category of financial speculation?Those projects that only focus on casting token derivatives and lack of practical use may only be limited to encrypted traders, but it is difficult to touch the mainstream market.
In addition, the legal jurisdiction has just begun to understand the encrypted native ownership model, and excessive intervention may hinder innovation.
In general, the Bitcoin inscription brings eye -catching potential, but with the growth of its usage, it is becoming increasingly important to ensure that the popularization of visits, lasting infrastructure and fair governance.
Technical defect analysis
Although technological innovation like Taproot provides new possibilities for inscription -based protocols, infrastructure to expand these concepts faces certain restrictions.
First of all, the rapid growth of the inscription may affect the performance of Bitcoin’s basic layer.Non -trading data is concentrated in UTXO, which will eventually affect the storage capacity, bandwidth and computing requirements, especially for network nodes.Although storage technology has improved significantly, the development of Internet bandwidth technology has not been fully kept up.Therefore, this may obstruct the participation of nodes by significantly increased the time and cost of the initial block download (IBD), which may limit the scalability and availability of Bitcoin’s original attractive.
In addition, the complex inscription rules and scripts may bring network security risks if they are not tuned.The attack method with the disguised inscription logic has appeared in the vulnerability database -the inscription has recently been listed as the national vulnerability database (NVD) network security risk.Strict auditing and formal verification of the inscription structure are particularly important.
At the same time, there is a centralized problem with indexes.The tool provides an interface for access -based networks.Because the BRC20 and order number protocols do not reflect the changes in the tokens on the chain, they need to rely on chain and centralized indexes. These systems rely on proprietary indexes to decod on the chain transaction data into readable and intuitive formats.
It can be said that the BRC20 has expanded the ability of the Bitcoin inscriptions too quickly, which has led to a certain degree of confidence in reliability, security and decentralization to a certain extent.In contrast, the function of focusing on non -variable data anchor is smaller than the risks brought by the tokens of excessive design that depend on the operation of external indexes.
Summarize
The above analysis does not mean the value of the current inscription products.Especially on Bitcoin, it provides more diverse cases for the use of Bitcoin, which helps enrich its cultural and ecosystem activities.For EVM, it provides a cheaper and safer chain alternative than the existing NFT, which can store any type of data on the chain, or even code -it is an attractive choice for encryption users.Essence
However, for the overall Bitcoin ecosystem, there are disadvantages such as: low level of continuous attraction, immature technology, lack of practicality, security threats, and trends that can be observed before.These factors make it very difficult to adopt.It can be used to surpass the current NFT standard and attract niche traders in the market, such as through NFTFI or providing a better user activity incentive mechanism (similar to airdrop), but not enough to become market leaders in the encryption ecosystemEssence
Despite the technical and actual application of the challenge of growth, the inscription seems to be expected to unlock the potential of Bitcoin’s future, not only limited to payment.Although the inscription seems to set the direction of reinstalizing the ownership of the digital assets through the tokens, collectibles, and data anchor, the achievement of this goal requires overcome a series of challenges.For example, the risks of infrastructure restrictions, legal uncertainty, the centralized pressure of miners, and truly economic practicality.
For investors, when speculative investment in key agreements and services, it is very important to distinguish sustainable platforms and “hype” in these early development stages.In the stage of the development of the programmable currency network as a Bitcoin, when the initial experimental stage transition to the mature real world application: we also need to adhere to the cautious skepticism and curb the blind enthusiasm in the market.
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Re -pledge agreement Renzo completes 3 million US dollars of seed round financing
* RESTAKING
According to the news on January 16th, according to The Block, the liquidity of Eigenlayer ecology re -pledged agreement Renzo announced the completion of 3 million US dollars of seed round financing. This round of financing was led by Maven11.IOSG Ventures, Sevenx Ventures, Figment Capital, OKX Ventures, etc.
According to reports, the core of Renzo is EzetH, which is a liquid Restaking token (LRT). Users can cast this token by depositing Ethereum or LST in Renzo.EZETH can be further used for other DEFI protocols to obtain rewards for compound interest.Renzo abstracts all the complexity of end users, enabling them to participate in the re -pledge of the Eigenlayer ecosystem at low thresholds.
Ethereum pledged platform Kiln completed $ 17 million in financing
* RESTAKING
The Ethereum pledged platform Kiln has completed a round of $ 17 million in financing.This round of financing is led by 1KX,IOSG Ventures, Crypto.com, Wintermute Ventures, KXVC and Lbank.This is the extension of the $ 17.6 million round A financing announced by Kiln in November 2022.Kiln said that the funds raised will be used for the company’s global expansion, including the opening of the Asia -Pacific headquarters in Singapore and further developing products.Kiln has raised a total of $ 35 million from investors since its establishment.
Decentralized car data network DIGITAL Infrastructure completed $ 11.5 million in Series A financing, Coinfund led investment
* DEPIN
Digital Infrastruction, a startup focusing on decentralized physical infrastructure networks, has recently completed $ 11.5 million in Series A financing.This round of financing was led by COINFUND, COINFUND, Slow Ventures, Consensys Mesh, Borderless Capital, Bill Akman’s Table Management, and former GM CEO G. Rick Wagoner Jr..The company will use this round of financing to strengthen developers’ ability to build new tools on the DIMO network to enhance their practicality and value.In addition, Alex Felix, general manager and chief investment officer of Coinfund, will join the board of directors of Digital Infrastic.The A round of financing enabled the Digital Infrastructure to reach a total amount of US $ 22 million.
0XSCOPE completes $ 5 million Pre-Series A round financing, led by Hashkey Capital
* DATA
The web3 knowledge map agreement 0xscope announced the completion of the $ 5 million Pre-Series A round of financing. This round of financing was led by Hashkey Capital, Redpoint China, OKX Ventures, GSR Markets, Amber Group, Antalpha and DHVC, and existing shareholders. Mask network,Hash Global and Xin Family followed.
In addition, 0XSCOPE also released 0xScope V2. The future focus is to provide data support for Web3 AI applications through the proprietary Web3 data layer, and in this process connect AI with Web3.It also announced the full opening of the authority of the free registration of SCOPECHAT. This product uses AI Agent to help users complete the selection of token within three minutes, check the token, and decide whether the decision can be purchased.
Bitcoin Layer2 project Map Protocol obtained Bitrise Capital’s fund strategic investment
* BTC
The Bitcoin Layer2 project Map Protocol announced on the X platform that the project has obtained a strategic investment of Bitrise Capital’s $ 50 million Bitcoin Ecosystem Growth Fund, and the specific investment amount has not been disclosed.
It is reported that the Map Protocol protocol was established in 2019. It lasted for 5 years and was completed. It is a Bitcoin L2 infrastructure focusing on point -to -point interoperability.By using the security mechanism of the Bitcoin network and the Light Clients technology based on ZK, the Map Protocol Bitcoin L2 infrastructure is not only guaranteed by the Bitcoin network, but also allows other public chain assets and users and users and usersBitcoin network seamless interaction.At present, Map Protocol has more than 620,000 chains on users. The second -layer ecological application is complete, covering a series of complete Bitcoin L2 applications such as project launch, asset transactions, lending, asset cross -chain, chain games, and NFT.
The web3 digital identity service provider Root Protocol raised $ 10 million through two rounds of seed financing, and Animoca Brands led
* DID
According to CoinDesk, focusing on the Web3 platform accessing unified digital identity service Root Protocol has recently completed two rounds of seed financing, raising a total of $ 10 million in funds.These two rounds of financing raised the valuation of ROOT to $ 100 million, led by Animoca Brands, and received the participation of Signum Capital, Ankr Network, DFG, CMS Holdings, and angel investors Tekin Salimi and Meltem Demirors.
ROOT Protocol is building a web3 operating system that will be used as a digital identity polymer to become a “one -stop decentralized identity service station”, which aims to make the process of accessing different Web3 platforms seamless.
The mobile game studio AOFVERSE completes $ 3 million private equity financing, Animoca Ventures led
* Game
The mobile game studio AOFVERSE announced the completion of a $ 3 million private equity financing, led by Animoca Ventures, LIquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon, and BSCN Gaming Ventures.
According to reports, AOFVERSE is headquartered in London. The game studio focuses on web3 integration and global favorite IP. The company plans to launch its PVP game “Army of Fortune” later this year.It has received more than 1 million downloads.Earlier news, AOFVERSE announced this month’s funding of the Arbitrum Foundation.
Web3 social platform Debox announced that DWF Ventures Investment
* Social
The Web3 social platform Debox announced the establishment of a strategic partnership with DWF Ventures, a subsidiary of DWF Labs, and received investment from DWF Ventures. The financing amount has not yet been disclosed.
It is reported that Debox will cut from the web3 knowledge paid community to the full stack DAO governance platform. The Debox plans to provide a series of functions to strengthen consensus management, including proposals, voting, finance, capital management, trading, lottery, contract tools, etc.
Part.3 IOSG post -investment project progress progress
Ethereum Re -Package Agreement Renzo TVL exceeded $ 100 million
* LSD
According to news on January 21, Defillama data shows that E Renzo TVL based on Eigenlayer’s Ethereum Re -pledged Agreement exceeded $ 100 million, reaching $ 1039.6 million.According to previous news, Renzo announced the completion of $ 3.2 million seed round financing, Maven11 led,IOSG Ventures, Sevenx Ventures, Figment Capital, Bodhi Ventures, OKX Ventures, Mantle Ecosystem, Robot Ventures, Paper Ventures and others.Renzo’s post -voting valuation reached $ 25 million.
Metamask is testing the “Trading Road” function to provide the best execution and improve the user experience
* Wallet
Metamask is testing a function called “Trading Route”, which aims to provide the best execution and improve the user experience.It is reported that the technology was developed by Special Mechanism Group and Metamask’s parent company Consensys acquired the company last year.”Trading route” is said to transform the Metamask wallet into an agreement with “intention -centered”, which means that users will be able to rely on third parties to find the best way for transactions.
Consensys confirmed the details of the project. Early versions of SMG new routing technology have been used to support “Smart Swap”. This is a feature in the Metamask browser expansion that can help users perform SWAP between tokens.
Consensys said it plans to extend its routing function to other trading types outside Smart Swap in the next few months, and will also be open to the third party who wants to use it.On Metamask, this technology will always be “optional”, which means that if users don’t want to use it, they don’t need to use it.
ARBITRUM launched the expansion plan and developer association to support the creation of customized Arbitrum Orbit chains
* Layer2
On January 19, the Arbitrum Foundation and Office of the Office announced the launch of the new Arbitrum extension plan and the Arbitrum Developer Association.The plan will provide a more convenient self -service path for the team that intends to start the project on the Arbitrum technology chain, enabling them to join the extension plan and start a customized Arbitrum Orbit chain.This means that any project can deploy its own custom version of the Arbitrum technology stack.
The characteristics of Arbitrum Orbit are that these chains will fully control their own governance without outsourcing governance or sharing with other chains and ecosystems.Through this plan, the team can freely customize and innovate.The two main requirements for participating in the Arbitrum extension plan are that participants need to give back part of their profits to the Arbitrum ecosystem, and the deployed Rollup must rely exclusively on Ethereum or the Ethereum guarantee security chain.
The ARBITRUM Developer Association aims to help the core Arbitrum develop and attract the best development team to contribute to the Arbitrum technology stack. The implementation of this plan is expected to further strengthen the Ethereum ecosystem to make Arbitrum technology be in the Ethereum ecosystem of the Ethereum.The team used by L2 or L3 was launched.
Binance Launchpool Line 45th Project: Altlayer (ALT)
* RESTAKING
News on January 17th, Binance announced the 45th project on the Binance Launchpool -Altlayer (ALT), a platform designed to launch native and re -pledged Rollups to support Optimistic and ZK Rollup stacks.The specific webpage is expected to be available within 24 hours before launchpool.Users will be able to put their BNB and FDUSD into a separate pool, mining ALT tokens within six days, and mining starts at 08:00 (Beijing time) at 08:00 on January 19, 2024.
In addition, Binance will be launched at 18:00 (Beijing time) on January 25, 2024, and will open Alt/BTC, Alt/USDT, Alt/BNB, ALT/FDUSD, Alt/Try.The seed label will be applied to alt.
CHAINLINK cooperates with Circle to launch a cross -chain stablecoin transfer agreement
* Oracle
On January 16th, ChainLink and Circle collaborated on a new cross -chain stabilization coin transfer agreement.This agreement aims to connect different blockchain and bank chain to provide a unified standard, making it possible to operate cryptocurrencies and traditional financial systems.The integrated allows developers to build cross -chain cases through CCIP of Chainlink, which involving a multi -chain transmission of USDC stabilized currency involving Circle.
Stablecoin agreement FRAX Finance is planned to launch Layer 2 blockchain Fraxtal in February
*Stablecoin
News on January 18, Sam Kazemian, founder of the Stable Coin Finance, said in an interview that the company is planning to launch Layer 2 blockchain Fraxtal in February.Kazemian said: “The current timetable is the first week of February. Etherscan will support it through FraxScan on the first day, and a large number of projects will debut for the first time after the release.”
The new product will add FRAX’s existing product kits, including FRAX (a complete mortgage algorithm stable coin), one borrowing platform, one automatic as a city merchant, a stable currency linked to inflation, FPI and mobile pledged token FRXETHEssenceFraxtal will use ROLLUP technology, which executes transactions on the main network of Ethereum, process data in batches, compresses data, and sends it back to the main network.FRAX’s mobile pledged token FRXETH will provide motivation for Layer 2 and serve as a GAS fee for blockchain.
Solana Network has stabilized currency transfer more than 300 billion U.S. dollars in January to date, a new month of monthly
*Layer1
According to the news on January 21, according to Cointelegraph, Artemis data shows that the stable currency transfer amount on Solana has exceeded $ 300 billion in January, which has exceeded US $ 297 billion in December last year.In addition, the stable currency transfer amount so far so far was US $ 303 billion, an increase of 2,520%over the $ 11.56 billion stable coin transfer amount from January 2023.Solana’s stable currency market share is currently close to 32%, a significant increase over 1.2% a year ago.The stable currency activities on Solana have picked up from October and have increased steadily by 650%since then.
OKX Web3 Wallet DEX plate has now supported SOLANA network cross -chain transactions
* Wallet
On January 17, according to official news, the OKX Web3 wallet DEX sector has now fully supported the cross -chain transaction of the Solana network.Users can easily perform mainstream assets with SOLANA assets and Bitcoin, Ethereum, Arbitrum, Optimism, BNB Chain, Polygon, and TRON 7 chains, and participate in the Solana ecosystem.In addition, OKX Cryptopedia Solana special activities are in full swing. You can play hot Dapps in one stop to get potential future airdrops.
It is reported that in 2023, OKX Web3 wallet successfully access 100+Solana ecological projects, covering many fields such as DEFI, NFT and Gamefi. OKX Web3 wallet users have created 7.29 million addresses on the Solana network to complete the 790,000 chain transactions.It reaches $ 230 million.
ONDO Finance starts the first batch of ONDO points plan
*Defi
According to the news on January 21, the token financial product platform ONDO Foundation announced the start of the first batch of ONDO points plans to support the use of FLUX, OUSG or USDY to obtain traceability points, obtain additional points by casting USDY, hold MUSD at Mantle NetworkWait can get points.
Vitalik: The use of efficient distributed DA can be an effective way to improve the actual security of Validium
* Data avalibility
On January 16th, Vitalik Buterin, the co -founder of Ethereum, expressed its recognition of TAIKO CEO Daniel Wang’s new view on Rollup.Wang proposes that as long as the Rollup of other data chain DA is used, it can be considered as Validium of Ethereum.Vitalik emphasized that the core of rollup is its unconditional security guarantee.He pointed out that if DA relies on systems outside Ethereum, such guarantees cannot be provided.Nevertheless, Vitalik believes that it is a more suitable choice for many blockchain applications.He also mentioned that using efficient distributed DA can be an effective way to improve the actual security of Validium.
Vitalik Buterin: It has more powerful security attributes than multiple signatures to meet the L2 standard
* Multisig
News on January 18, Vitalik Buterin, co -founder of Ethereum, posted on the X platform: “For me, for me, it must have more powerful security attributes than multiple signatures, even if it is not similar to RollupThe overall guarantee Validiums satisfy this, optimization is okay, but the exact security gain needs to be strictly analyzed. “
Circle CEO: The United States is likely to pass the stable currency law this year
* Stablecoin
News on January 16, Jeremy Allaire, CEO of Circle, said in an interview at the World Economic Forum held at Davos, Switzerland, saying that the United States has passed the “great opportunity” through stable currency law this year.Regulatory development is accelerating, and the United States is more likely to approve stable currency law than before.He said that other governments began to supervise the US dollar before the United States, so they should take action to maintain the leadership of the United States as soon as possible and protect consumers.Dante Disparte, chief strategic officer and global public policy director of Circle, also agreed with Allaire’s point of view that the United States will introduce stable currency rules in 2024.
