Ethereum

Matter Labs has recently taken a significant step towards decentralizing its zkSync protocol. zkSync is a layer-two blockchain solution designed to scale the Ethereum ecosystem. It has gained popularity within the industry and currently supports over 200 projects. Since its launch, zkSync has processed more than 8.8 million testnet transactions, showcasing its potential to handle
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Stablecoin issuer Paxos recently released a transparency report on its Ethereum-based stablecoin, PayPal USD (PYUSD). The report highlights that the coin is fully backed by assets, providing detailed information about the assets held and their value. This article aims to critically analyze the report and delve into the implications of its findings. According to the
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The layer-2 blockchain ecosystem powered by zero-knowledge (ZK) proofs is expanding with the entrance of Manta Network. This new player brings a ZK-as-a-service platform called Manta Pacific, which is designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) using ZK-proof technology. Manta Pacific offers a software development kit and ZK library that grant developers
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In a research paper published by Ethereum co-founder Vitalik Buterin, the potential of privacy pool systems to enhance privacy in financial transactions is explored. The paper delves into the concept of zero-knowledge-proof technology and its ability to dissociate users from illicit funds. This article will provide an analysis of the paper’s key findings and discuss
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Crypto gambling site Stake.com recently encountered a significant security breach, resulting in $16 million in suspicious withdrawals on September 4th. The incident has been flagged as “suspicious transactions” by the security platform, Cyber Alerts. The withdrawing account, named “Stake.com Hacker” on Etherscan, suggests that the funds may have been obtained through a stolen private key.
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