Totem is proud to announce that it has registered both totem.cult & totemprotocol.cult on https://t.co/V35EqolMqN and will commence on integrating & building on @ModulusZK . More details to follow in the coming weeks.
#BuildonModulus
🔥 JUST IN: Vitalik published a new Ethereum proposal for an “Extremely Lean Chain.”
The proposal aims to shrink consensus state, move validator balance updates into ZK proofs, and re-anonymize validators daily for stronger staking privacy.
Mainstream crypto disqualified itself the moment it traded the promise of freedom for surveillance.
Some think there's still hope, in form of privacy coins.
The actual path forward is baking privacy directly into the base layer. Without it the industry simply has zero future.
Verification =! exposure.
Right now DeFi forces you to broadcast your entire strategy, transaction history, net worth to the public network just to prove a trade is valid.
For serious players entering the space it's an operational liability.
@ModulusZK Curious how #ModulusZK addresses the privacy concerns while still ensuring transparency and security? What balance do you envision between both aspects in decentralized finance?
2. zkFOL: The Bitcoin Soft Fork Promising Native Privacy & DeFi (A deep dive into bringing actual programmability and privacy to the base layer without bridges)
https://t.co/ZM1NJQCw5C
Our industry built a financial surveillance apparatus and labeled it "DeFi". Making everything public was a flaw of early tech.
#ModulusZK is the way out. Back to the original cypherpunk vision.
LATEST: 💰 Bitwise CIO Matt Hougan says privacy could become crypto's next killer app as Arc, Canton and Tempo raise more than $1B combined at valuations above $10B.
Bidding privacy coins makes total sense right now. They validated the demand for shielded transactions.
The logical evolution is full ZK chains where that same cryptography is embedded at the network execution layer by default 🤔
Privacy coins are the best performing sector this cycle, up 52.4%.
Not AI, Perp Dex, or even memecoins.
The same week governments passed laws forcing exchanges to report every transaction.
The market rotated harder into privacy than any other sector.
Privacy takeover is real.
“no playbook on how to wind down a DeFi protocol”
Hot take: If a DeFi protocol can be shut down it wasn’t a DeFi protocol in the first place.
The problem is not giving DeFi founders a way out.
It is DeFi founders building a “way out” in the first place.
Till death do I part.
I have a strong feeling that $CULT is going to be big one day soon, especially if @ModulusZK Layer X succeeds. That's why I have no plans of selling my position. Bear market or not, $CULT community is always is active.