Category: ICO

The (Zero-Knowledge Proof) Singularity Is Near

The broader impact of proof singularity extends beyond individual blockchain networks, as it paves the way for a more interconnected and scalable Web3 ecosystem. As ZK proofs become faster and more efficient, cross-chain communication and interoperability can be greatly improved, enabling seamless, secure interactions between various blockchain protocols. This could lead to a paradigm shift where data privacy and security are inherently built into the infrastructure, fostering trust and compliance in industries that require rigorous data protection standards, such as healthcare, finance, and supply chain management. Source

Bitget, Foresight Ventures Venture Deeper Into TON Ecosystem With $30M Deal

“The investment is between Bitget, Foresight Ventures, and Toncoin holders. The TON Foundation is not involved in the deal. As TON foundation is actively supporting development and user adoption of the TON ecosystems, we will closely work with TON Foundation to boost the TON ecosystem,” a spokesperson confirmed to CoinDesk by email. “All TON tokens acquired have a lock-up period and will be gradually released according to the vesting scheme to ensure that all parties are committed to the TON ecosystem for the long term.” Source

Reserve Bank of Australia Is Set to Prioritize Wholesale CBDC Over Retail CBDC

“The RBA is making a strategic commitment to prioritise its work agenda on wholesale digital money and infrastructure – including wholesale CBDC,” Brad Jones, assistant governor for the financial system, said in a statement on Wednesday. “At the present time, we assess the potential benefits as more promising, and the challenges less problematic, for wholesale CBDC compared to a retail CBDC.” Source

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin

“The main reason for launching USDS is that, while existing stablecoins serve a good function, we see an opportunity to create a more open and fair system that promotes innovation and, most importantly, rewards those who build the network,” CEO Mike Belshe said in an interview with CoinDesk before his keynote at Token2049. “A stablecoin’s true value comes from the people using it, the liquidity they provide, and the access points for interchange.” Source