TL, DR;

ZK technology is mainly used to improve the scalability, privacy and credibility of various projects (such as Starkware, ZKSYNC, Scroll, MINA, RISC0, GIZA, and EZKL).
ZK technology requires a lot of computing power, resulting in computing expenses of 10^4 to 10^6, which constitutes a challenge to infrastructure teams.
The main ways to generate ZK proof are Proof Markets and Proof Networks.Proof Markets is an open market as a transaction ZK, while Proof Networks has internal servers to provide an experience of cloud -like services for generating evidence.
The Proof Market method allows flexibility and cost benefits because it promotes an open market for ZK Proof without high -end server management.
The Proof Network method provides a smooth and friendly experience for developers, and provides a solution that can quickly and reliably generate evidence to generate evidence without paying attention to market mechanisms.Theoretically, it can quickly generate evidence, because it takes time to match the order in Proof Market.
Challenges include difficulties in testing and debugging. New security issues may be locked by manufacturers. In some use mode, higher costs and token utility loss.
Leading players may be companies with the most internal ZK proves, because they can use existing infrastructure and professional teams to maximize the utilization of hardware.
Emerging applications include ZK Coprocessors, ZK Attestation, ZKML, and ZK Bridge, which have a greater demand for generating ZK proves.
In the ZK field, the blockchain industry’s preference for security, resistance review and privacy drives decentralized evidence network, although ZK’s inherent security means that these advantages do not require decentralization as a premise.For ZK, performance is the main focus.

introduction

The growing ZK demand

After years of research in the ZK field and great improvement in performance, ZK has finally been applied to actual applications.Talented engineers applied ZK to:

Scalability
privacy
Data

There are many interesting projects that depend on ZK, such as Starkware, ZKSYNC, Scroll, MINA, RISC0, = Nil; Foundation, EZKL, GIZA, POLYGON and MANTA.These projects are stable and continuously generated by ZK Proof daily.At present, the most popular ZK use case is that ZKRU is used to solve the scalability problem of Ethereum.In the past month, ZK verification has spent millions of dollars on Ethereum/Ethereum L2S.

Source: https://dune.com/nebra/zkp- vennding a strong increase in zk Verification Cost Over Last Year.

This chart made by the Near team shows the fuel consumption of ZKSN (T) ARK on Ethereum and L2S.It includes popular ZK projects such as ZKSYNC, Polygon, Aztec, Tornado Cash, Loopring, WorldCoin, Tailgun, SISMO, Starknet, Immutablex, and DYDX.

Compared with ZKSTARK, ZKSNARK accounts for 80%of the total cost in verification.Among all these items, Worldcoin’s verification costs are the highest, followed by ZKSYNC.The verification cost of each WorldCoin is about $ 2.The verification cost of each ZKSYNC is about $ 30.

Prove the burden of infrastructure

ZK can solve scalability problems, but requires some costs.It requires a lot of computing power.ZK brings a lot of calculation overhead, and the Rollup team needs to deal with this problem.@_weidai estimates that today’s ZK technology will have 10^4 to 10^6 calculation overhead.Theoretically, we can achieve 10 times computing expenses through special circuits.If the abstract layer of the virtual machine is added, there will be 100 times the calculation overhead.

The figure below depicts the computing power chart based on the law of Commerie.After 2000, the efficiency of chip efficiency every ten years has been increased by 10 times.If we compare the computing power on the basis of 2000, it will reach 784 times in 2025.This also shows that the current ZK computing is still not a magnitude compared to 2000.

Source: https://visualize.graphy.app/view/04F827-3654-47E8-3981F6E258be

Please think about it.We are trying to increase the transaction volume by 10 to 100 times to ZKRU.As the transaction volume increases, we will also face the calculation overhead of 10^4 to 10^6.These numbers put tremendous pressure on the ZKRU infrastructure team.The leading ZKRU team is using high -end machines equipped with at least 200 GB of memory, and has talented operation and maintenance personnel to handle these infrastructure complexity.

So for a small team, if they want to start a ZKRU or use the ZK technology stack to create a third -layer solution, what does this mean?If an independent developer wants to build a ZK Dapps, how can they buy these high -end servers and operate them correctly?

It is not difficult to start a ZKRU now.You can use ZK Stack and deploy new ZKRU according to the guidance in the document.The hardest part is to let high -end infrastructure work.Manageing a group of servers is much more difficult than maintaining our personal laptop.

In addition, hardware acceleration is not plug -in and played; according to the zero -knowledge proof system they use, each team needs to set different configurations for their servers.

Make sure high availability is also a tricky topic.If a pile of users start casting Ordinals on your ZKRU, and what if you suddenly face 1000 times throughput?Even experienced teams like ARBITRUM were stopped for several hours due to the surge in Ordinals transactions.

Differential zero knowledge proof requires high -end server support.For small and medium -sized teams, setting and maintaining a series of high -end servers will be a heavy burden.In order to better help each regiment adopt zero -knowledge technology solely and quickly, the project attempts to help these groups to handle all computing infrastructure complexity issues.

Proof market

Source: iosg venntues

Prove that the market and the network are two main methods.Prove that the market is like an open market.To generate a proof, users need to find a trader who is willing to sell a certificate at a certain price.Prove that the network is like a traditional cloud service. Developers submit their circuits and inputs. The centralized load balancing will allocate the internal server in the network to generate proofs for users.

Prove that the market is a popular method in the infrastructure of ZK.Prove that the market is an open market, and buyers and sellers have traded ZK to prove it.ZK proves that the market team does not need to care about ZK to prove hardware or own high -end servers. They focus on ZK’s transaction and verification mechanism to absorb third -party hardware suppliers.

Prove that the market is a more open method.It welcomes third -party hardware suppliers.As long as there are sellers with such proofs, buyers can purchase ZK proves at the US dollar price.When verifying the proof, everyone in the market does not need to reach a consensus, only the market operator assumes the responsibility of verification.In the proof of the market, ZKDAPP developers submit a ZK certification order, including price, generation time, overtime and public input.The third -party hardware supplier will accept the order and generate proof.

Prove that the economic structure of the market is simple.Prove that generators need to pledge.If they generate wrong proofs or do not provide proof before the deadline, they will be fined.The proof of more pledged proof will be able to generate multiple proofs at the same time.

The main participants in the market industry are = nil and marlin.

= Nil Foundation

Prove that there are sellers and buyers in the market.Buyers are DAPP developers.They pay the seller to generate proof.There are many factors that affect the price of proof.The main factors include circuit size, proof system, generation time and input size.

The following is = nil proves the workflow of the market:

Prove that the requestant sends a expected price to the marketC_RRequest.
Prove that the market locks in the buyer’s accountC_RToken.
Prove that the producer is at the priceC_P & LT; = C_RSend a proposal to the market.
Prove that the market will match the request with the proposal of the producer.
Prove the producer -generating proof and send it to the market.
Prove the market verification certificate and payC_R -Fee feeTokens to producers.
Prove that the request for obtaining their proof and using it.

Market design provides an experience similar to a transaction.It proves that the production price will change in real time.

The following is a screenshot of the product of the market.

Source: https: //nil.foundation/

Currently, Proof Market supports a limited number of statements, where the MINA statement proves that it is the most active.Specifically, Proof Market accepts the circuit of the ZKllvm compiler and Placeholder proof system based on them.

Gevulot

Gevulot is committed to introducing decentralization into the proof market.Gevulot, as an open and programmable first -level blockchain, is designed to prove the market.The blockchain on the first floor is responsible for handling the distribution, verification and reward distribution of proof requests.The proofer’s network uses lightweight Unikernels to achieve high performance.Gevulot uses verified random functions (VRF) to assign proof to a small group proof to ensure the reliability of the system.

Source: https://www.gevulot.com/

Users can seamlessly deploy the program, the cost can be predicted, and the user can set the highest cost according to the number of cycles required for the program execution.

The proofers are rewarded through the Gevulot network and user fees, inspiring them to generate efficient and competitive evidence.The fastest proof will get the most online rewards.User fees will be shared equally with all nodes that have been completed.

Gevulot supports a variety of programming languages for programming, including C, C ++, GO, Java, Node.js, Python, Rust, Ruby, PHP, etc., because Gevulot’s underlying VM NANOS supports X86_64 Linux ELF binary files.

Gevulot is a universal computing platform that supports different languages and proof systems.Gevulot relies on the NANOS single kernel to ensure that proofs can easily run on different machines.All proofers need to be compiled into a single single -core image.

Proof network

Proof Network provides a more friendly developer experience method.It is similar to the cloud service provider of Web2.The developer sends a load data through the REST API to prove that the network will then return to prove to the developer.Developers do not need to care about price fluctuations and which party will generate proof.

RISC0

Risc Zero used their ZKVM to start Bonsai.With the power of ZKVM, users can let Bonsai generate various statements.For example, based on Bonsai and RISC0 VM, ZETH is the Ethereum block generating proof.

Source: https://www.risczero.com/

Succinct

Recently, SUCCINCT has also launched their new products.Rather than providing the REST API circuit, SUCCINCT provides a more similar method similar to cloud functions.

The following is the user’s workflow:

Connect to the GitHub account and deploy circuits
Call the API through REST or smart contracts and enter the circuit input
Inquiry results through REST API or smart contract

Source: https://succinct.xyz/

Compared with Bonsai, Succinct has the following advantages in developer experience:

Management circuit code library is easier
No need to send circuits secondary
The one -click deployment of smart contracts is used to prove the generation and verification on the chain
Explore the popular ZK certificate
View the instrument panel to prove the generated status
Support RustX, GNARK, CIRCOM, PLONKY2

Source: https://succinct.xyz/

Prove the network still proves the market

Prove that the market has provided greater pricing flexibility for the proof of buyers and sellers.It invites all hardware providers to participate, which helps reduce the cost of buyers.But it is worth noting that the saved amount may vary from individuals and enterprises.Generally, centralized services such as the network may provide individuals with free services and charge high costs from enterprises, but provide access to VIP customers.For example, if an enterprise plans to launch new events or features, the enterprise can reserve some computing power on the proof of the network.A decentralized market may show a more balanced and competitive pricing.

In today’s market, products based on proof network seem to provide developers with a smoother experience.It handles all proof -generating work and supports the main proof system without introducing any new complex concepts.It provides a consistent user experience.Theoretically, it takes time to prove the order of the market, and it provides a fast proof of generation.If you are familiar with cloud computing, it proves that the network is more like a stateless cloud function.

We have = Nil Foundation and Gevulot proved to work on the market.Succinct and RISC0 are on the Internet.Hardware companies like Ulvetanna and Cystic have also made great contributions to improving the performance of ZK on the GPU and developing the next -generation special ZK chip.

Prove that the market is relatively easy to start.For the ZK infrastructure project, it proves that market design can make more hardware providers online.With their decentralized design, they can easily expand the network to meet future computing needs.

In the future, we foresee the combination of the network and the market design.The goal is to provide developers with seamless experience, while integrating the market as the back end to promote increasing additional computing resources.This is the direction of the Succinct plan in the near future.We also see similar changes in other markets, such as Infura.INFURA has its own server, but it also plans to guide the infrastructure with permitted participants.

Source: iosg Ventures

Who really needs cloud zk infrastructure

We believe that those developers who want to shorten the time to the market and build a light and flexible application can greatly benefit these cloud ZK infrastructure.

For applications with a large gap between peak and valleys, cloud ZK infrastructure will reduce costs.

For such applications, it is more expensive to buy a set of servers that are always running and ensure that peaks available at any time.When the bottom of the valley is used, it will cause greater waste.Cloud infrastructure can expand at any time to improve performance.These excess computing performance can be released automatically outside the peak.

Who will become the leader?

From the understanding of the Web2 cloud industry, we found that those companies with the largest number of computing needs often have the leading Yunji infrastructure business.They can use the advantages of scalability, cost, team and innovative products.

This is also applicable to the cloud ZK infrastructure.We believe that those who have the potential to generate the most successful ZK cloud infrastructure business with the most successful projects have the potential for generating verification.

For those projects that generate a large number of ZK proof inside, they already have a large number of infrastructure, optimizers and professional teams.By cross -application sharing proof resources, they can also maximize the utilization of hardware; when an application does not need to generate proof immediately, the proofer can be re -used for other purposes.

These large projects have their own proof systems to some extent.Third -party proof of infrastructure is often difficult to optimize various certification systems used by different large projects.By providing fast and easy to use cloud proofs, large projects can effectively expand their certification system ecosystems.

For ZKRU, cloud ZK infrastructure can increase its fork usage.It is not difficult to start a new 2 or 3 layer on these ZKRUs, but maintaining ZK infrastructure will be costly.Provide the out of the box to help attract more developers with a flexible cloud proof.At present, due to the corresponding infrastructure, most developers usually use OPRU SDK to build a new 2 or 3 layers.

If you do not build your own ZK infrastructure, these huge ZK projects need to pay high fees to third -party computing providers.They will also be limited in development speed because they cannot always customize their infrastructure to further improve performance and reduce proof costs.

Who has the greatest demand for zero knowledge?

In addition to ZKRU and 1 layer of networks, we have recently seen more emerging zero -knowledge proof applications.They all have a huge demand for the generation of proof.

The zero -knowledge association processor enables smart contract developers to obtain the past blockchain status without trust.Zero -knowledge association processors generate zero -knowledge proof for these past blockchain status.This may be a safer and more secure alternative than the map.

Zero -knowledge authentication helps users bring the linked data or identity information to the blockchain.After verifying the data under the chain, the certified person will generate a zero -knowledge certificate and place it to the blockchain.

Zero -knowledge machine learning makes reasoning on the chain possible.The computing provider performs ML calculation under the chain to generate a zero -knowledge certificate for it, and then publish the certificate to the blockchain.

Zero -knowledge bridge is a more secure version of the cross -chain bridge.It storage and even consensus proof for the source chain generate and place it on the target chain.This may replace the current cross -chain bridge.

What is the special of decentralization proof of the network?

In the blockchain industry, decentralization is the most popular narrative.Decentralization has brought many benefits:

Security
Anti -examination
Privacy

Zero knowledge proof is different from other general calculations.ZK has inherent security.Anyone can easily and quickly verify the proof to ensure the honesty of the proof.In the field of ZK, decentralization is not a prerequisite for security.

Zero knowledge proves that it focuses on complex underlying details and is built into a circuit.Although the content in these circuits is extremely difficult to be reviewed, the review can still be effectively implemented by proved to generate a requestant.

For proof network, privacy may become a problem because users send private input to the proof network.The ideal solution is to generate proof locally to prevent any data leakage.This will challenge local performance.Other solutions may be a new zero -knowledge multi -party calculation agreement or generate proof in the acceptance environment.A decentralized certificate network cannot bring more privacy.

In addition to narrative, anti -review may be the main reason for building a decentralized certificate network.Zero -knowledge proof technology is still in its infancy. So far, we have not observed any form of review in this field.However, the main challenge to obstruct the development of zero knowledge is performance.The introduction of decentralized certification networks may lead to an increase in calculation requirements for generating proof.

in conclusion

Zero knowledge proves that the application is rapid and widely used.We expect that zero knowledge is proved to be integrated into different technical stacks.We have seen ZK Layer1, ZK 2 layer network, ZKML, ZKVM, ZK-Email.Developers are still building ZK prophecy machines, ZK data sources and ZK databases.We are walking on the road of “zk everything”.The calculation overhead brought by ZK forced developers to deploy their circuits on high -end servers.Therefore, we expect the demand for cloud ZK to prove infrastructure will increase to help developers get rid of the complexity of these infrastructure operations.

In this field, our insights include:

Prove the market and the networkIt is two main methods that can help ZK DAPP developers stay away from the complexity of infrastructure.
We expect a mixed method that combines the network and the market mechanism.
Not all ZK DAPP developers are suitable for cloud ZK infrastructure.StableMediumProject canSelf -hosting serverTo reduce costs.
The leaders of the cloud ZK infrastructure will be the projects that generate a large number of ZK proofs, such as the leading ZKRU.They have economic incentives to do this business.
Decentralization is the main description of the encryption field, because decentralization brings characteristics such as privacy, anti -review and security.ZK proves that some of these characteristics have been possessed.At present, decentralization proves that the market selling point isAnti -review.
Cloud ZK proves the popularity of infrastructure and the current marketZk dappsQuantityClose correlationEssenceAlthough some projects initially emphasized their cloud ZK proof infrastructure as a key feature, many will eventually pay attention to other new narratives.

>Part.2 investment and financingevent

Game NFT DEX and Inscription Agreement EZSWAP completed a new round of financing of $ 1 million

* Game

According to the EOS Network Foundation (ENF) in the official blog, the game NFT DEX and the Inscription Agreement EZSWAP completed the second round of financing of $ 1 million last month.EssenceThe EOS Network Foundation stated that this move not only enables EZSWAP to expand its technical capabilities and innovate in the field, but also enriches the entire EOS ecosystem through its game solutions and extended cross -chain functions.

According to reports, EZSWAP is a game NFT DEX and inscription protocol, which is setting new standards for game asset transactions and inscription technology. By using the automatic city merchant (AMM) mechanism, EZ SWAP provides a seamless efficiency that is directly integrated with the game.Trading environment.At the end of December, EZSWAP has been launched on EOS EVM.

Binance Labs announced that investment

* NFT

According to official blogs, Binance Labs announced the investment to invest token to Memecoin (MEME), the native ecosystem of the NFT project of 9GAG.

It is reported that the core focus of Memland is to build and invest in SocialFi and the creator economy. It aims to use the MEME Internet culture to connect creators and communities through its MEME tokens and NFT.In addition to NFT and Meme tokens, Memeland also offers Meme Farming and plans to launch several upcoming functions and services.These functions are designed to enhance user experience and promote community participation, including the NFT pledge mechanism, social networks for community members’ cooperation, and mobile pledge of ETH.

DEFI trading platform Bracket Labs completes 2 million US dollars seeds financing

* DEFI

Bracket Labs, a DEFI option trading platform registered in Panama, completed a $ 2 million seed round financing, and announced that its volatile market product Passages was officially launched on Arbitrum.The product has been developed for more than a year and a half, and has been launched online on Arbitrum since mid -October 2023.Passages provides users with a simple design of the volatility betting platform that can predict the market for 2 days.

EtherScan completes the acquisition of Solana ecological block browser Solscan

*DATA

Block browser developer EtherScan and Solana’s mainstream block browser Solscan jointly announced that Etherscan has completed the acquisition of Solscan.

AI startup Perplexity completed 73 with a valuation of $ 520 million$ 600,000 Series B financing

* AI

Artificial intelligence startup Perplexity completed a round B financing of US $ 73.6 million for $ 520 million. The financing was led by IVP. Its investment portfolio included many cryptocurrencies and fintech companies such as Coinbase and Robinhood.A round investors NEA, ELAD GIL, Nat Friedman and DataBricks, as well as new investors such as Nvidia and Jeff Bezos (through the Bezos Exploration Fund).So far, Perplexity’s total financing has reached US $ 100 million.Perplexity founder CEO said that this round of financing will help the company continue to develop artificial intelligence technology and accelerate product development.

Part.3 IOSG post -investment project progress progress

StarknetLine map: On January 10th

* ZK Infra

StarkNet officially updated the 2024 roadmap, which will reduce transaction fees on the V0.13.0 test online in the first quarter, and will launch a new transaction type V3 Transactions. Users can use STRK to pay transactions.At the same time, StarkNet will open the above -mentioned updated community voting on January 10.

In addition, StarkNet also plans to use EIP-4844 to upgrade to reduce the cost availability cost of the Ethereum Layer1 data, and plans to introduce the transaction cost market in the V0.14.0 version to accelerate the transaction speed.

Scroll released the 2024 roadmap: It is planned to reduce the cross -chain cost by 50%and compatible with the EIP 1559 transaction type

* Layer2

Based on ZK Rollup, the co -founder of Scroll, the co -founder of Ethereum, Sandy Peng, pushed that according to the roadmap in Scroll 2024, it plans to reduce the cross -chain cost by 50%; compatible with the EIP 1559 transaction type and SHA256 pre -compilation;; Add decentralization proof; parallel EVM.In addition, Scroll will launch some fair startup projects this month.

Celer networkProvide CBRIDGE bridge support for BRC-20 token

* Infra

Celer Network, Cross-Chain Mutual Agreement, announced on the X platform that CBRIDGE is expanding the bridge support for BRC-20 token to seamlessly connect the Bitcoin network to the EVM ecosystem.This will allow BRC-20 toke (such as ORDI and SATS) to participate in the rich Defi vision on the EVM chain.

ASTAR NetworkIt is planned to release token economic models, ZKEVM and other updates in the next two months

* Infra

Sota Watanabe, the founder of the Pokka Ecological Smart Contract Platform, said on the X platform that there will be major updates including DAPP Stake V3, token economic model, Astar ZKEVM, etc. this month and next month.

MINA ProtocolIt is planned to deploy Berkeley upgrade this year

* Infra

According to official blogs, Mina Protocol, a lightweight blockchain agreement, plans to deploy Berkeley upgrades this year.Upgrading will bring performance enhancement and use MINA design without affecting scalability or decentralization.As the main Internet fully supports the emergence of ZK’s smart contracts, the improvement of infrastructure and applications of unlimited quantities has become possible. Berkeley upgrades also include performance improvements such as decreased time clearance and verification device optimization.

ArbitrumThe ORBIT platform increases the support of custom GAS tokens

* Layer2

Arbitrum’s ORBIT platform has added support for custom GAS tokens.This enables the third-layer chain of ORBIT to use specific ERC-20s as a transaction cost, thereby enhancing the practicality of its own token and expanding its ecosystem.For example, XAI Gaming has immediately used this function to reduce the use obstacles of end users.Arbitrum said other blockchain projects such as Calderra and Celestia will also use this feature immediately.In addition, Arbitrum Orbit aims to attract more developers to join the Arbitrum ecosystem and only support custom GAS token functions on the Orbit Anytrust chain.

IOTEXLayer2 network W3BSTREAM designed for DEPIN designed for DEPIN

* DEPIN

The IOTEX Foundation announced in the official blog that the IOTEX core team is preparing to launch the Layer2 network W3BSTREAM designed for Depin.W3BSTREAM can compress (aggregate) into a smaller, verified ZK-Proofs to trigger the chain trading on the chain.W3BSTREAM can effectively manage data pre -processing through its decentralized sequencer network to contribute to DEPIN’s scalability.

“Although W3BSTREAM’s arrangement depends on the IOTEX blockchain, due to its speed, security and cost benefits, it is still the perfect choice of the new DEPIN application, but W3BSTREAM can support the existing DEPIN on any blockchain.project.”

Synthetix released the Andromeda version on the BASE network, introducing the SNX token repurchase and destruction mechanism

* DEFI

Synthetix released the Andromeda version on the Base Network. This version introduces the Core V3 and PERPS V3 deployment to use USDC as a new mortgage.A key feature of this version is 40% of the cost of earning fees on Base is specified to repurchase and destroy the SNX tokens.The strategy aims to effectively allocate the cost in the Synthetix multi -chain deployment.

Part.4 Industry pulse

BendDao: BDIN LAUNCH has been launched for 24 hours

* NFT

Benddao said on the X platform that BDIN LAUNCH is now online and will last for 24 hours.

According to previous news, a total of 100 million BDIN tokens, 60%of which will be distributed on Benddao, 5%are allocated to Turtsats Launchpad, 5%will be assigned to Bakery Launchpad, and 30%are allocated to the BRC20 ecosystem.

SUI ecological lending agreement scallop has been launched on the airdrop integration system

* DEFI

The SUI Ecological Loan Agreement Scallop announced on the X platform that it has launched the SCALLOP airdrop integration system and completed the snapshot before January 1, 2024.The first stage aims to support early supporters of Scallop, including Zealy participants, verified SUI SCALLOPER characters on Discord, lenders and borrowers on the Scallop platform.

Unibot has now launched the Sorana special transaction BOT

* Trading bot

UNIBOT, the Telegram Bot project, announced the launch of the SOLANA special transaction BOT “Unibot on Solana”, which will face the first stage of access to early users.The main features of Unibot on Solana include: support for high -level price limits, embedded charts and token analysis, advanced routing and transaction priority strategies, built -in Ethereum and Solana two -way bridges.

Stepn development team’s new game Gas Hero public beta version has been launched

* Game

According to official news, the Web3 game Gas Hero public beta version produced by the Stepn development team Find Satoshi Lab was officially launched.

SLEEPLESS AI: It is planning to launch the second batch of NFT

* AI & Amp; NFT

Web3+AI game platform Sleepless AI said on the X platform that it is planning to launch the second batch of NFT.

UNISAT: It will follow the Ordinals Jubilee upgrade without splitting into an isolated agreement. The white paper will be released at the end of January

* Inscription

Bitcoin Inscription Wallet UNISAT WALLET said on the X platform that Unisat will follow the Ordinals Jubilee upgrade to confirm that the BRC-20 is still on Ordinals without splitting into an isolated protocol.In addition, Unisat White Paper will be released on January 31, 2024.

Bitcoin inscription project Rune Alpha is now open to the trading market

* Inscription

The Bitcoin inscription project Rune Alpha announced on social media X that the trading market has been launched.Earlier on December 29th, Rune Alpha announced that it will open the trading market on January 3, and the first phase will be launched on Cook, PSBTS, GROK, X, and GoONFI.

Ethereum DEVCON 7 will be held in Bangkok, Thailand from November 12th to 15th

* ETH

The Ethereum Foundation announced that the Ethereum Developer Conference DEVCON 7 will be held in Bangkok, Thailand from November 12th to 15th, 2024.This time, DevCon is not only the announcement of a place, but also the expansion of the vision. It uses the entire Southeast Asian region as a stage for community gatherings.The Ethereum community in Southeast Asia plays a key role in the global cryptocurrency field. The rapid growth of the region has performed well in the global cryptocurrency adoption index.The DevCon team has launched the “Devcon (RTD) Grants” plan to support the development of new Ethereum activities, grassroots communities and education in Southeast Asia.

Bitcoin Core developer Luke Dashjr’s launching on the restriction of the inscription proposal was not approved and it has been closed

* Inscription

The proposal initiated by the Bitcoin Core client developer Luke Dashjr, “DataCarriersize: Match More Datacarrying #28408”, discussed the question of whether to limit the inscription.After discussions with a number of developers were not passed, the proposal has been closed.

Non -profit organization Better Markets once again required SEC to reject Bitcoin spot ETF application

* ETF

Non -profit organization Better Market claims that approved the product will be a historic error and will cause huge losses to investors.Dennis Kelleher, CEO of Better Market, is a representative figure against cryptocurrencies. He has always criticized the virtual asset industry, calling it “essentially a predatory business model.”In addition, Kelleher established a close relationship with the Secret President Gary Gensler in the 2020 President’s transition team in 2020.Some analysts say that their relationship may become a variable that Bitcoin spot ETF can pass.

American SEC may notify the issuer’s Bitcoin spot ETF next week to be approved decision

* ETF

According to Reuters quoted people familiar with the matter, if the US Securities and Exchange Commission (SEC) chose to approve the Bitcoin spot ETF, they may notice the issuer on Tuesday or Wednesday next Tuesday or Wednesday.

11 Bitcoin spot ETF applicants such as Bellaide have all submitted the revised 19B-4 file

* ETF

Including 11 bitcoin spot ETF applicants including Bitcoin, Franklin, and VISDOMTREE, Franklin, and VANECK, which are 11 Bitcoin spot ETF applicants, including Bitwishdocument.The 19B-4 document is the change of proposal to change the rules of the stock exchange, allowing ETF to conduct transactions.