ethan

Continuously evolving with the newest tech trends and growth insights

[Layer3 @layer3xyz]

Introducing $L3

The protocol governance and utility token, launching this summer, will power the future of the Layer3 ecosystem.

Learn more below 👇

[Ethereum @ethereum]

📣 The first ZK Grants Round is now open!

The Ethereum Foundation, in collaboration with Aztec, Polygon, Scroll, Taiko, and zkSync, contributed $150K each to the shared prize pool, totaling $900K.

Apply before March 18th! 👇

https://t.co/u1lGRfc4CV

[EF Ecosystem Support Program @EF_ESP]

Curious about the latest projects that received funding support?

Check out our Allocation Update: Q4 2023 blog post to dive into the projects making waves last quarter! 🌊

https://t.co/96R8OAgB6E

[ethereum.org Community @ethdotorg]

The Infinite Garden Open Source Department presents:

🌱 Q2 2024 Roadmap (@ethdotorg version) 🌱

Learn more about the projects we will be working on at https://t.co/v9gxnMUQFz this quarter and how you can contribute 💙 ↓

https://t.co/JEUrfDCk7b

[joshdavis.eth 🐙 @joshdavislight]

Applications are open for the fifth cohort of the Ethereum Protocol Fellowship!

The EPF provides a pathway for aspiring protocol contributors to make meaningful contributions to Ethereum.

https://t.co/N08iGS6yHg

[EF Ecosystem Support Program @EF_ESP]

Welcoming the new year with a fresh round of grants ⚡️ Delve into our Allocation Update: Q1 2024 blog post to learn more about the projects that received funding last quarter!

https://t.co/wHp4DXEnAF

[timbeiko.eth @TimBeiko]

Last week, Ethereum L1 client, research, testing and devops teams gathered for Nyota ✨, a week long interop event focused on Pectra, PeerDAS and Verkle.

We also hosted a first of its kind community event for African builders. Here's a full recap 😄!

https://t.co/SR55Q2uASy

[EF Next Billion @EFNextBillion]

Devcon Scholars Program returns! 🇹��

Bringing together builders from diverse geographies and disciplines, the program aims to build a community to bridge Ethereum with other worlds and push its boundaries.

Deadline to apply is July 7th at 11:59pm PST: https://t.co/xjT6IuZYTl

[Devcon 8 | Mumbai, India ���🇳 @EFDevcon]

Today @clrfund is launching a #QuadraticFunding round for #RoadToDevcon SEA communities, and Devcon is proud to contribute $30K to the matching pool!

You can help support SEA communities & the matching pool will elevate your contribution: https://t.co/QbX2knefyi

[ethereum.org Community @ethdotorg]

@ethdotorg is adding storybook testing 🖱️

As we have increased our features, pages, and number of contributors over the years, it's crucial to add testing infrastructure to better catch regressions earlier.

📃 We are 100% open source, so if you’d like to get involved, check out the issue below on GitHub 👇

https://t.co/nTsbnGNusb

[Encode Club @encodeclub]

@kenjon @Polymer_Labs @altantutar @NEARProtocol @hathbanger @CryptonomiKhan @VersatusLabs 1️⃣ Explore innovative rollup technologies with @maqstik from @alt_layer this Monday!

Learn how these advancements can enhance your project's potential.

[Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway @AlchemyPay]

Thrilled to announce our partnership with @alt_layer!

#AlchemyPay brings seamless On and Off-Ramp solutions to #AltLayer's ecosystem. Developers and users can enjoy effortless crypto transactions globally across 173+ countries, with preferred payment methods and local fiat currencies.

https://t.co/pBG4d1oieq

$ACH

[Mpost Media Group @mpost_io]

We're glad to welcome Dorothy (@Dorothy_defi), Head of Growth at @alt_layer, as a speaker at Hack Seasons Brussels:

https://t.co/kVOiKR1Sdi

Mark your calendars for July 7th and get ready to learn from experts in Restaking and beyond!

#HackSeasons #Restaking #Blockchain #Web3 #L2

[Dewhales @DewhalesCapital]

1/3 AltLayer Explained: Rollups-as-a-Service

@alt_layer has come a long way from aggregating boxed zk solutions to launching proprietary technologies to scale and accelerate web3 based on restaking. Let's dive into this with applied examples! 🧵👇

🔵 Introduction 🔵
In the ever-evolving landscape of the blockchain, scalability and customization have become major concerns for application developers. With the growing popularity of ZK Rollups and Optimistic Rollups, there's a clear need for solutions that empower developers to scale their applications while maintaining flexibility and control.

This is where @alt_layer comes in. Unlike the existing options available to application builders today, AltLayer provides a Rolups-as-Service offering to developers seeking hands-on control of their rollup solutions. The RaaS service allows developers to manage their rollups directly, offering a high degree of customization and control over their blockchain infrastructure.

In this article, we'll delve deeper into the mechanics and potential of AltLayer, exploring how it stands as a Rollup-as-a-Service solution among the rapidly evolving blockchain landscape.

🔵 Rollup Hub 🔵
AltLayer is a Rollup-as-a-Service protocol for developers to launch their own Layer 2s (imagine launching an application-dedicated version of @Optimism, @zksync, @arbitrum, etc). @alt_layer offers:
1⃣ SDK for developers who wish to manage their rollups themselves
2⃣ No-code dashboard that allows everyone to spin up a customized execution layer within 2 mins through a few simple clicks

Basically, AltLayer is a decentralized rollup hub that allows individuals to launch their own L2 solution for their needs. However, some questions may arise as to the types of execution methods made available, rollup speed, general/specialized purpose rollups and so on.

AltLayer allows launching both ZK Rollups and Optimistic Rollups with EVM, WASM, or other run time for general purpose or application-specific purpose. A user can fully customize their rollup according to their needs and preferences.

As mentioned above, AltLayer allows fast deployment in minutes, the process is pretty much similar to deployment on a general chain. Rollups of AltLayer don’t need to be secured by hundreds of validators (such as Cosmos SDK for example), because they use an underlying chain (Layer 1) as the security layer.

AltLayer has been designed with modularity at its core, enabling end-users to tailor their rollup solutions according to their preferences. This flexibility extends to the choice of runtime environments, including options like EVM, WASM, and more. Additionally, users have the freedom to select their preferred data availability layer, whether it's the L1 blockchain or a data layer like @CelestiaOrg. AltLayer also allows users to opt for their preferred settlement layer, e.g. Ethereum or @arbitrum.

The main issue most of the rollups face is sequencer decentralization (ordering and processing the transactions). However, AltLayer is operated by a decentralized sequencer network. These sequencers are selected from a sequencer network called SQUAD based on their stake and some randomness. We’ll talk more about SQUAD in the next section.

Lastly, a core feature worth mentioning is Tiered-Finality. Traditional blockchains typically categorize blocks as either finalized or not. However, AltLayer takes a more nuanced approach to block finalization, implementing a tiered system. This tiered system empowers end-users to determine the finality status of a transaction based on their chosen security budget. As a block progresses through these various finalization tiers, the level of confidence in its finality gradually increases. Confidence in finality is at its lowest at the execution-level and reaches its peak at the rollup-level.

AltLayer's finalization process comprises three distinct tiers: Execution-level (suitable for a low-security budget), Verification-level (ideal for a medium-security budget), and Rollup-level (tailored for a high-security budget).
🔹 Execution-level Finalization: Transaction pool contents are gathered and organized into blocks by block producers. These blocks are subsequently subjected to the consensus protocol. Once the consensus protocol validates and accepts these blocks, along with the transactions they contain, they attain finality at the execution-level.
🔹 Verification-level Finalization: Once produced and validated by block producers and the consensus protocol, blocks undergo verification by verifiers, achieving verification-level finalization. Further, stronger finalization occurs when additional verifiers can confirm or reject an update, with more confirmations increasing the likelihood of correctness.
🔹 Rollup-Level Finalization: Blocks cleared through quorum consensus undergo a challenge phase, enabling anyone to run their verifier and participate in verification. A challenger may raise a challenge if they detect a discrepancy with the on-chain proposal. A successful challenge invalidates subsequent blocks, triggering a state revert. An unsuccessful challenge results in a stake slash for the challenger.

AltLayer also provides another type of rollups called Flash Layers, which are more tailored towards scalability problems. Flash layers are disposable application-tailored rollups with optional fraud proofs.
With Flash Layers, a dApp developer can do the following:
🔹 Quickly launch a fast and scalable rollup secured by a Layer 1
🔹 Using the rollup for as long as needed and thereby prevent clogging of the Layer 1
🔹 Dispose of the rollup by doing an “end-of-life” settlement on the Layer 1.

This optimizes resource utilization significantly as the execution layer, and its resources, are only called upon when the dApp is experiencing high traffic that exceeds the Layer 1 limit. When the demand decreases, the dApp can seamlessly return to operating on Layer 1.
The potential use-cases that can be there are NFT Mint Events, Games, Event Ticketing, and more.

[Cyber @BuildOnCyber]

Entering our Dual Staking era! ✨

Thanks to our frens @alt_layer, you can now:
- Delegate ETH & LSTs via @eigencloud AVS, and
- Stake ALT and CYBER tokens to secure Cyber MACH.

Check out @alt_layer's thread & latest blog for more!

Read the blog here 👉 https://t.co/vkRqPvjPh5

[AltLayer @alt_layer]

★ INTRODUCING reALT ★

The restaked ALT token - 'reALT' - is here, ushering in Phase II of our staking program!

Find out what reALT does and how it benefits you & our ecosystem↓

https://t.co/zvJmlZYfij

https://t.co/OXemCNN6kc

[StarkWare 🥷 @StarkWareLtd]

ZK is a public good that should belong to everyone.

Matter Labs, the corporate entity behind @zksync, has filed trademark applications in nine countries, claiming ZK as its exclusive intellectual property, even though they neither created nor contributed to the creation of this technology.

By using the legal system to claim a public good for itself, Matter Labs contradicts the ethos of crypto, Ethereum, and its own principles, which state: "We can make this world better by increasing people's freedom."

StarkWare, alongside other leading ZK companies and researchers, urges the community to demand that Matter Labs withdraw all their trademark attempts.

💠 Public Statement: https://t.co/2lYrvrJDoH

[Polygon @0xPolygon]

Today, we seek broader community support to call for Matters’ withdrawal of all improperly-filed, generic trademark applications.

Aligned with the true Ethereum ethos, Polygon Labs consistently puts out open-source code that benefits everyone. This commitment has positively impacted the entire crypto space. Polygon Plonky2 has been widely adopted, showcasing the immense benefits of our open and collaborative approach to the web3 community.

One such beneficiary is Matter Labs, whose core "zk" tech stack leverages Polygon Plonky2. Initially, they utilized this technology developed by Polygon Labs without proper attribution until they were called out. Now, they are taking it a step further.

Despite relying on others' zk technology, Matter Labs now seeks to trademark "zk" to potentially restrict its use by others. Should anyone be allowed to monopolize math made publicly available by pioneers like Shafi Goldwasser, Silvio Micali, Charles Rackoff, Eli Ben-Sasson (STARKs), or Daniel Lubarov (Plonky2, a widely adopted zk library in web3)? Absolutely not.

They may claim to do this for the benefit of users. But ask yourself: Will users truly benefit if one company monopolizes zk technology? Would zkSync as a network even exist without the zk technology developed by Polygon Labs? No, a trademark on “zk” actually introduces user harm through confusion.

When Polygon Labs introduced Polygon zkEVM, we deliberately chose not to trademark it, allowing others to use it freely. As a result, it is now widely adopted, with Immutable zkEVM and Astar zkEVM being just two examples. Openness is fundamental to Ethereum and must be preserved, especially regarding core mathematical principles.

For the sake of the entire space, this attack will not be tolerated.

[HashKey Global @HashKey_Global]

🎙️ HashKey Global + Polyhedra Network + @Web3husky AMA

Join our #AMA to dive into the first HashKey Global launchpool with @PolyhedraZK and discuss the ticker update from $ZK to $ZKJ. Is this a positive signal for zk technology and the industry?

⏰ Time: 20:00 (UTC+8), May 31

📍 Space: https://t.co/RPXBEXDQqS

[Linea.eth @LineaBuild]

zkTM

Matter Labs, the entity behind @zkSync has just filed trademarks for "ZK" as its exclusive intellectual property. Zero-Knowledge (referred to broadly as zk in our industry) is a field of cryptography that has been innovated by researchers around the world.

Many of these researchers contribute to scaling Ethereum through zkEVM Layer 2 networks. Using a legal framework to claim ownership over a branch of cryptography used to develop permissionless, decentralized L2 execution environments goes against the principles of Ethereum and the reason we are all here. We are here to advance Ethereum - we are here to make the world a better place by providing people censorship-resistant networks that increase people's freedom.

We stand with @StarkwareLTD's statement that Matter Labs should uphold their mission and withdraw their trademark attempts https://t.co/mbmcS4pUND