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Cryptocurrency Youth Series: Why did you make the mistake of investing in Blur? The Bloody and Tearful History of NFT Money Loss

Edit | Wu said Blockchain This podcast mainly discussed topics related to why they mistakenly invested in Blur, the current state of Magic Eden, token valuations, and NFTs. The two guests shared their views on the current NFT market, investment experiences, and possibilities for future market development. Overall, Magic Eden token valuations are likely to be affected by the sluggish NFT market environment, particularly on the basis of poor token performance on NFT platforms such as Blur and Tensor. Additionally, guests also discussed possible recovery paths for the NFT market, particularly its potential in terms of liquidity, IP innovation, and community building. The audio transcription was done by GPT and there may be errors. Please listen to the full podcast: Little Universe: https://www.xiaoyuzhoufm.com/episodes/6708fee381cdab3a934f95a4YouTube：https://youtu.be/y8OAgXlgApI本次播客为上一期我要是个已热门播客 Three young people in the coin industry talk about the continuation of their “first pot of gold and first pit.” BLUR was purchased based on the results of on-chain data analysis, but there was an error in the NFT market situation and team judgment Defioasis: Welcome back to the Wu Says No Crypto podcast. I'm Wu, the analyst Defioasis. Recently on the NFT market, Magic Eden announced the launch of a new token. We also know that from last year to this year, the overall NFT market environment has not been ideal, and Blur and Tensor's tokens have not performed as well as expected. So today we invited two guests to talk about NFT-related topics. This episode will be easier, so feel free to share it with everyone. First, the guests were asked to briefly introduce themselves and share some experiences related to NFTs. Xiao Guo: This is probably my second or third time participating in this podcast, and I also talked about some topics about the NFT market last time. My main direction is research and analysis of on-chain data. Today I also took this opportunity to talk about some of my thoughts on the NFT market. Actually, I'm not a particularly professional NFT player, and I haven't bought many. Although I bought NFTs when they were at their peak, I don't have a deep understanding of the design of this type of product. At the time, Blur tokens were purchased mainly as a result of on-chain data analysis. Looking back now, this investment was actually quite a failure. I think there are two reasons for failure. First, I had confidence in the recovery of the NFT market at the time, but I didn't expect the market situation to become more and more deserted. Hardly anyone is talking about NFTs now, except for podcasts like ours that talk about this topic. The second is the question of team selection. When I reflected on Blur's investment, I found that the direction the team was operating was very informational asymmetry for retail investors like us. When we invested in Blur tokens, we speculated that it might enter the Bitcoin NFT market and compete with Magic Eden, but we didn't expect it to launch Ethereum's Layer 2 solution. This was completely unexpected to us. Blur almost stopped developing and updating Blur itself after introducing Layer 2. For Blur token holders, it feels like the product has been abandoned. Mining and staking until the end there was nothing, and the Blur team didn't seem to care about Blur anymore; it was entirely the community operating on its own. It made me reflect a lot on my team choices. Shang: I'm Shang, currently working as an analyst at BitMEX and the host of Wu's English-speaking podcast. My roots with NFTs can be traced back to 2020, when I was interning at a Canadian startup, and my job was to report on new trends in the cryptocurrency industry every day, just when I started getting involved with NFTs through SuperRare. At the time, I was surprised that a painting could sell for hundreds of thousands of dollars, but BAYC (Bored Ape) hadn't come out yet. I later joined a team doing NFT fragmentation at the end of 2021 and 2022, and also participated in quite a few NFTs research and construction. I also attended NFT.nyc and met Luca Netz by Pudgy Penguins. I've also bought some N...

677d agody zhang#Blur #Magic Eden #NFTs #Solana #Wu says blockchain is real

Loopring Releases June Hacking Report: 58 Users Damaged, Shifting Focus to Loopring Layer 3 and DeFi

Comparing news, Ethereum's Layer 2 protocol Loopring published reports on multiple hacking incidents affecting Loopring smart wallet users, saying that the recent incident was actually a mixture of two separate but interrelated incidents, which ultimately led to the loss of funds for some affected Loopring smart wallet users. The Loopring repeater was attacked in April, causing the team's internal assets to be lost, and a subsequent attack on the Loopring wallet address in June caused 58 user addresses to lose funds. Although end users are responsible for self-hosted security to ensure protection from central and single point of failure, the Loopring team is willing to cooperate with more law enforcement and security teams to help users recover lost assets. Loopring said in light of this incident, we are shifting our resources and core focus to multi-network Loopring Layer3 and Loopring DeFi dApp product suites. Loopring Wallet will continue to be open to existing users, but mobile development efforts will shift to optimizing Loopring DeFi dApps.

680d agoburnking#DeFi #layer 3 #Loopring

A comprehensive inventory of projects and tracks that Ethereum founder V often “praised”

As one of the areas where influence is most rapidly monetized, for ordinary retail investors deep in the Web3 world, being able to keep an eye on the tweets brought by various Alpha bloggers and KOLs in a timely manner has almost become an essential skill for tracking wealth passwords. So in the current crypto world, who is the most influential “delivery” king? Although the following KOL delivery renderings aren't necessarily strict, putting Vitalik Buterin in a unique position is accurate — as an absolute player in the Pan-Ethereum ecosystem, Vitalik rarely “brings goods” directly, but every word and action of “bright brand” and “dark milk” has a huge impact on the market. The recent surge in ENS due to Vitalik's shouting is a typical example, so the purpose of this article is to take stock of the development and current status of projects/technology directions that Vitalik has “brought” in history, and try to summarize the reasons behind it and how they have influenced and shaped Ethereum as we see it today. 01 It's no exaggeration to say that Vitalik “favors” ENS, a clear “favorite” of ENS. In an interview, he publicly stated: “The Ethereum domain service ENS is the most successful non-financial Ethereum application to date.” As we all know, ENS, launched in 2017, is an Ethereum-based distributed domain name service. Through a unique bidding mechanism, any user can register one (or more) Ethereum domain names ending in “.eth” for their Ethereum address through the bidding process. Simply put, ENS can map an individual's long and difficult to remember “Ethereum address starting with 0x” to a custom short address, such as satoshi.eth, vitalik.eth, etc. In this case, in wallets that support ENS, users no longer need to copy and paste long addresses; they can directly use the ENS domain name to bind to various cryptocurrency addresses and receive cryptocurrency payments. Vitalik's Twitter account nickname has always been “vitalik.eth,” which is equivalent to a long-term free advertisement for ENS, and also shows his support for ENS. Since the first half of this year, Vitalik has gone directly out of the market, publicly “bringing goods” several times, and has had a strong impact on ENS's price trend in the secondary market: First, on January 3, Vitalik retweeted ENS's layer2 data analysis solution and posted that “all L2 should run on CCIP parsers so that we can directly register, update, and read ENS subdomains on L2. ENS is very important, it needs to be affordable”, then ENS once It rose more than 30% in 5 minutes, breaking 12 USDT. On May 21, Vitalik and ENS once again performed a dramatic “strong” drama — due to Vitalik's discussions with others about sequencers & intentions, as an example, his views on cross-L2 standards/infrastructure, which emphasized the 3 “key changes in token transfers, ENS, and smart contract wallets (individuals and organizations)”: we need an open decentralized protocol to quickly transfer assets from one L2 to another L2 and Integrated into the wallet's default sending page, the key changes in token transfers, ENS, and smart contract wallets can all be easily implemented on L1, but very difficult on L2. The lightweight client, basic reliability and verification system are also more security/decentralized on L1, which is far from enough on L2. Overall, since January 3, ENS has risen from $8 to a maximum of $30, an increase of nearly 300%. 02 What else has Vitalik “shouted”? In addition to ENS, it is possible to make a long list of projects/technical directions that Vitalik has “brought” in its history. First and foremost, Plasma is naturally Plasma. As Vitalik's most recommended Ethereum scaling solution, few people have mentioned it, and even most new users haven't heard of it. In August 2017, Vitalik and Joseph Poon co-published...

782d ago白话区块链#Vitalik Buterin #Ethereum #Blockchain in plain language

How many millions of dollars would you have to lose to learn not to put coins on exchanges?

Original | Liu Jiaochain's recent cases of coin theft are worrying. Not only are the owners generally losing more than one million dollars, almost all of their net worth, but the platforms involved are not small second-tier or third-tier platforms, but major first-tier (exchanges) that have been trusted by users for so many years, or well-known brands that have always flaunted their technical prowess. The first is the Binance user whose 5.24 million dollar assets were stolen, as described in {6.4 see} by Education Chain. Teaching Chain also wrote an article on this in 6.5 {“Blockchain Security “Chain of Doubt”} to tell all readers and friends about a model and method for analyzing blockchain asset security. Then, as mentioned in {6.10 see} last night, OKX users' account assets were completely looted, and they lost nearly 5 million yuan (RMB or USD, the owner didn't make it clear). This was on June 9th. In the third case, as described in {6.9 see}, the Loopring (Loopring) smart wallet was hacked. The hackers didn't know what method they used to break through Luyin's two-factor authentication (2FA) system and successfully stole the assets stored by some Luyin smart wallet users. This may be quite a blow to the entire smart wallet circuit, including products related to “abstract wallets” that Ethereum founder Vitalik Buterin has always strongly recommended. Stolen coins returned to poverty overnight, just like contracts bursting out. The parties facing the impact must have instantly gone blank in their minds, and the whole world suddenly became extremely quiet. Just like the human bomb at the beginning of {“American Civil War”}, the shock wave of the sudden explosion instantly deaf the survivors' ears. The background music and loud vocals came to an abrupt halt, and the scene suddenly became quiet and scary. (Maybe you can only get this kind of sudden and quiet contrast experience in a movie theater, which is great) After getting back to your senses, what flavor comes to your mind? Heartache? Helpless? Confused? May the world be free of thieves? That's impossible and unrealistic. What to do? Withdraw coins. Keep your private keys for yourself. Try it out, {“How to use private keys to keep bitcoins”}. {The “chain of doubt” theory} has told you, don't try to rely on any third party platforms. Bitcoin's inventor, Satoshi Nakamoto, already made it clear to everyone in the {2008 white paper} that the only reason Bitcoin was born was to “get rid of third parties”: “What we need is an electronic payment system based on cryptographic proof rather than trust, that allows any willing party to directly trade with each other without the need for a trusted third party.” Former Binance owner CZ, who claims to be a firm believer in “decentralization,” tweeted on 2020.1.19 (original comment removed; screenshot of Cointelegraph's report below) to warn Xiaobai users: it's safer to put coins on our platform. In his original words, “Many hardcore cryptographers [organizations] promote storing their own keys. But the truth is, most people today can't keep their keys secure, or even prevent losing them. For most people, trusted centralized exchanges are safer. The statistics themselves speak for themselves. It takes work on your wallet.” The education chain needs to ask a question: Statistics show that 100% of human babies are unable to walk upright when they are first born, so we can conclude that all babies should stop learning to walk and always use strollers made by major manufacturers for transportation? It's certainly true that babies need a stroller after birth. But more important than this fact is that they all need to learn to walk independently when they are around 1 year old, otherwise they will always be weak. What is “independent” walking? That is, there is no need to rely on any third person, any assistive devices, such as crutches, such as wheelchairs. People who have grown up and are still unable to walk independently are called disabled people. There are no physical limitations to having your own private keys; the only limitations are intellectual and psychological. If you can't throw away that psychological cane, you'll always have to rely on it to barely walk. However, this psychological support is not 100% reliable forever. As a result, you can rely on it, and in the end, you will be unreliable. When Satoshi Nakamoto invented Bitcoin, he wanted everyone to stand on their own feet. Looking back a thousand years later, maybe future generations will lament that today's humans have learned to master private keys and control Bitcoin themselves. Their position in the history of human evolution is no less than 3 million years ago when Australopithecus learned to walk upright, or tens to millions of years ago, humans learned to control and use fire. At the beginning of 2022, a netizen's post on reddit can be viewed as a summary. The title of the post was, “If you put money on Binance (Binance),...

801d ago刘教链#Loopring #OKX #Ethereum #Liu Jiaolian #Binance #Investment tips #Bitcoin #essays

[Weekend Key News Review] Binance CEO: Binance's global users have surpassed 200 million; some Loopring smart wallets have been exploited, and about 5 million dollars of stolen assets have been exchanged for ETH; Arkham: Alameda Research funds seized by the US government are currently worth 300 million US dollars

A review of key news from the weekend: [Binance CEO: Binance has surpassed 200 million users] On Twitter, Binance CEO Richard Teng said in an article on the X platform that the number of registered users of the Binance platform worldwide has exceeded 200 million, and this number is still growing, and the journey of 1 billion users continues. [Some Loopring smart wallets have been attacked by a bug and are cooperating with law enforcement and security teams to track down the attackers] In comparison, Loopring, an Ethereum layer 2 protocol, posted on social media that the Loopring smart wallet was attacked. A few hours ago, some Loopring smart wallets were attacked by a security breach. The attack specifically targeted wallets with only one Guardian, particularly wallets using Loopring's official Guardian. The hacker initiated a recovery process, posing as the wallet owner, to reset ownership and withdraw assets. The attack successfully disrupted the Luprint Protocol's 2FA service, enabling the hacker to impersonate the wallet owner and obtain approval for restoration from an official guardian. The attackers then moved the assets out of the affected wallets. We're actively working with Mist security experts to determine how our 2FA service has been compromised. To protect our users, we have temporarily suspended Guardian related and 2FA related operations. Following this move, the attack stopped. The Luprint agreement is working with law enforcement and professional security teams to track down the attackers. We will continue to provide updates as the investigation progresses. According to Cyvers Alerts monitoring, Loopring smart wallet attackers transferred assets from affected users' wallets to the hacker's address. All of the stolen digital assets have been exchanged for ETH, and the hacker's address currently holds 1,373 ETH worth over $5 million. [Arkham: Alameda Research funds seized by the US government are currently worth 300 million US dollars] In comparison, Arkham posted an article on the X platform stating that the Alameda Research funds seized by the US government are currently worth 300 million US dollars. In January 2023, the US government seized 3 Alameda Research accounts on Binance and Binance.US, containing more than $300 million, as part of the seizure of more than $700 million in FTX and Alameda assets. The seized funds are now marked on Arkham as part of the platform's “US Government” entity. The funds seized include: US$119.3 million USDT; US$102.38 million BTC+WBTC; US$28.35 million BNB; US$26.26 million ETH+WETH; and US$13.62 million BUSD. [Slow Mist Cosine: The incident where a user's exchange account was maliciously knocked on and stolen one million US dollars in assets has occurred again] In comparison, the founder of Slow Mist, Yu Xian, posted an article on the X platform that he had received another incident where a user's CEX account was maliciously knocked on to steal one million US dollars of assets, and the team is following up and analyzing it. According to Cosin, there are many attacks against the CEX web side, such as the previous method of malicious extensions taking cookies, clipboard attacks, form tampering, and request tampering. Other than malicious extensions, reverse proxy phishing, Trojan viruses, etc. are all possible methods. There are many shortcomings in wooden barrels on the web side; this risk control strategy is definitely better than the app side. [Web3 game venture capital fund Griffin Gaming Partners plans to raise US$500 million for its third flagship fund] In comparison, Web3 game venture capital fund Griffin Gaming Partners announced that its third flagship fund had a funding target of 500 million US dollars, and the financing scale was reduced by about 33% compared to the previous fund. According to reports, Griffin Gaming Partners raised $750 million for its second flagship fund in 2022, when venture capitals' enthusiasm for Web3 and crypto games peaked, but then the FTX bankruptcy caused the market to fall into trouble. Up to now, Griffin Gaming Partners has invested in a number of Web3 game studios and infrastructure companies, including game content creator platform Nexus, Web3 Game Launcher...

803d agoWendy#Comparative weekend review

Loopring: Some smart wallets have been attacked by exploits, and law enforcement and security teams are cooperating to track down the attackers

Comparing the news, Ethereum layer 2 protocol Loopring posted on social media: Loopring smart wallets have been attacked. A few hours ago, some Loopring smart wallets were attacked by security breaches. The attack specifically targeted wallets with only one Guardian, particularly wallets using Loopring's official Guardian. The hacker initiated a recovery process, posing as the wallet owner, to reset ownership and withdraw assets. The attack successfully disrupted the Luprint Protocol's 2FA service, enabling the hacker to impersonate the wallet owner and obtain approval for restoration from an official guardian. The attackers then moved the assets out of the affected wallets. We're actively working with Mist security experts to determine how our 2FA service has been compromised. To protect our users, we have temporarily suspended Guardian related and 2FA related operations. Following this move, the attack stopped. The Luprint agreement is working with law enforcement and professional security teams to track down the attackers. We will continue to provide updates as the investigation progresses.

804d agoWendy#Loopring #smart wallet #Road marks #wallets #hacks

Correct V God's unscrupulous remarks about DA issues and resisting censorship of withdrawals

Author of the original article: Faust January 16, 2024, in a tweet initiated by Daniel Wang, founder of the Ethereum Layer2 project Taiko and interacting with Tsang Ka-jun, the founder of the AA wallet Soul Wallet, Vitalik said, “The key to Rollup is unconditional security: even if you are targeted by everyone, you can still take your assets. If DA depends on an external system (outside of Ethereum), this cannot be done.” Since Vitalik talked about his views on Validium in the latter half of this tweet (Validium refers to ZK layer 2 for publishing DA data without using Ethereum), it received a lot of attention (previously, the Ethereum Foundation thought Layer 2 = Rollup). (It should be emphasized: The DA concept discussed by the Ethereum community refers to whether you can obtain data newly generated by Layer 2, not whether you can retrieve historical data from a long time ago. (If new data is not published on the Ethereum chain, the Layer 2 node may not be able to successfully analyze the latest L2 block) However, the “Ethereum Layer 2 Definition Dispute” and “DA War” have already been heard by countless people. This article does not intend to discuss such topics. The aim is to focus more energy on the first half of Vitalik's statement, which is the one mentioned at the beginning of this article. Vitalik shows here that Rollup can achieve decentralized censorship-resistant withdrawals, and even if all Layer 2 nodes don't cooperate with you, you can withdraw your assets from Layer 2; furthermore, he pointed out that only Rollup can achieve this kind of “unconditional secure withdrawal,” and Layer2, which relies on other DA data distribution methods, cannot do this. But in reality, Vitalik's statement was not strict. First, only assets bridged from Layer 1 to Layer 2 can be crossed back onto the ETH chain; simple native Layer 2 assets cannot cross to Layer 1 (unless Layer 2 native assets deploy a bridged asset contract on Layer 1). If, as Vitalik said, “everyone targets you,” you can take away L1-L2 bridging assets at most, but you can't take away your “Layer2 native token”. At this point, it's useless whether you go for normal, forced or escape hatch. Second, “unconditional secure withdrawals” don't have to rely on the DA system. Early Layer 2 solutions before Rollup, Plasma, which implemented DA data publishing under the Ethereum chain, when the DA system fails (that is, data retention occurs, and no one other than the sequencer/committee can receive new transaction data/state transition information), users are also allowed to submit asset certificates through historical data and safely escape Layer 2. In other words, Plasma's secure withdrawals don't rely on the DA system, and censorship-resistant withdrawals don't have to rely on the DA system (but it is necessary to ensure that historical data can be obtained); furthermore, this statement was personally stated by Dankrad (Danksharding initiator) of the Ethereum Foundation, and it also makes sense everywhere. Refer to the previous Geek Web3 article “Data Retention and Fraud Proof: Why Plasma Doesn't Support Smart Contracts”. Second, leaving Celestia and Blobstream aside, the data withhold/DA failure problem can be solved even without using ETH as the DA layer. Simply speaking of the “data usability challenge” that the Arbitrum team and the Redstone team are implementing, the sequencer is allowed to publish only one DA Commitment (in fact, a datahash) on the chain, stating that the data has already been published off-chain. If someone is unable to obtain the newly generated data off-chain, they can challenge the on-chain DA Commitment and require the sequencer to disclose the data to the chain. The design of this mechanism is very simple, and there is no need to rely on third party DAs such as Celestia, Avail, or Eigenda; it only requires the Layer2 project to set up the DAC nodes of the chain themselves, which can be called Celestia's killer. In the following, the author intends to interpret Vitalik's “unconditional secure withdrawals” and the “data availability challenges” he didn't mention, and try to tell everyone: Why Celesti...

948d agody zhang#Celestia #layer 2 #LRC #Rollup #Vitalik #Ethereum #Bitcoin

A conversation with Taiko co-founder Daniel: How will the end of the zk L2 expansion dispute evolve?

Taiko Co-Founder and CEO Wang Dong talks about the end of Ethereum's expansion, the development direction of L2 and its classification standards, and the impact of the Cancun upgrade on the L2 competitive landscape. Interview and compilation: 0xRJ.eth article compiled from Wang Dong's recent interview: https://youtu.be/iUqmElZyTnA?si=jN-7dovHteftxmuV全文概览：创始人心路历程Taiko The reasons behind the decentralized choice (and the balance found between security, efficiency, and decentralization) The impact of the Cancun upgrade on the L2 competitive landscape: pros and cons Taiko Curve opportunities to overtake the Taiko Curve Ethereum's expansion and review of the development direction of the “classification criteria” of the final zk L2 circuit After all these years of experience, judgment, choices, and thoughts, what do you think you did the most right thing? And what's your biggest regret? Founder's Journey RJ: Hello everyone, I'm RJ. Today, I am very happy to invite Daniel, the founder and CEO of Taiko, an Ethereum layer 2 scaling network based on zero-knowledge proof, to have a conversation about the end of Ethereum's expansion, the competitive landscape and development direction of the Layer 2 circuit. Daniel is a former senior Google engineer, former senior R&D director at JD, and the founder of Loopring, Ethereum's earliest transaction matching protocol based on ZK Rollup. I personally think that an L2 track like this should get a lot of attention in 2023, and on the eve of the major Ethereum upgrade, the Cancun upgrade, take a good look at Rollup Track OG's opinion and the thinking behind it. So why don't we start with this journey of your mind? I'm sure you're actually no stranger to most people in the coin industry. Everyone knows you're the founder of Loopring. But I think people probably don't understand how you came into contact with Crypto from traditional companies like Google and JD and entered this circuit, and what kind of opportunity led you to start using Loopring, and then to now start building a second-tier network that expands Ethereum's capacity based on ZK (zero knowledge) proof. What is your vision for doing these projects or public chains? Daniel: The first idea was that in traditional Web2 companies, big companies like Google, would accumulate enough experience and then start their own relatively large Web2 company. This is what many aspiring young people at the time wanted to do. The state at the time was “copy to China,” that is, “copy to China” something from abroad is different now; now many Americans are copying Chinese things. At the beginning, there really wasn't much idealism. But then I chose blockchain. On the one hand, I think it was because it was a bit boring in traditional big companies. In particular, Internet companies in China are actually not entirely technology-driven. So as a technician, I think it's not very comfortable. Then there are all kinds of people's problems and all kinds of management problems, then blockchain gives people a refreshing feeling. You suddenly think that engineers can change the world. Of course, there is still a long, long way to go before changing the world, but it gave you a small sense of hope. So after being at JD for a while, I felt like the Web2 story wasn't right for me, and I came up with technology to change the world. At the time, there wasn't much mention of the Blockchain concept. The main thing was to mention Bitcoin, and how can Bitcoin change traditional finance so that people in third world countries can have their own wallets. In fact, before I started my first blockchain company, I went to Kenya, Africa, and Nigeria, where the mobile phones used were their own wallets. Of course, they had very little money in their wallets, and then the transfer fee was very high. But they can pay via SMS, so Africa has evolved a small payment solution, even though it sounds rudimentary. However, this demand is huge, and the market is also very large. Probably in about 14 years, when I went to Africa, I was inspired to try out this blockchain, so the first blockchain company was a Bitcoin exchange, then at that time I actually didn't encounter the actual underlying blockchain technology; in fact, I did the same thing as Coinb now...

1065d agody zhang#Bitcoin #Daniel #Taiko #WEB3 #Ethereum #side chain #Binance #Execution layer #pays

As soon as the Layer 2 war is triggered, the system sorts out the latest developments in the 11 major Layer 2 networks

There are 77 Layer 2 related network infrastructures included in the encrypted data platform Rootdata, and market competition is already heated. Article: Grapefruit As the Cancun upgrade nears, the Layer2 network has become the hottest storyline in the second half of 2023. Since July, the Layer 2 TVL has remained above $10 billion. Recently, several established public chains have announced their switch to Layer 2, and some have received large amounts of financing. On July 17, Celo development organization cLabs proposed to transform Celo from an independent EVM-compatible Layer1 blockchain to Ethereum Layer2 based on OP Stack. On July 12, Manta Network, a ZK-based Layer1 public chain, announced the launch of Manta Pacific, a Layer2 network designed for zero-knowledge proof (ZK) applications based on OP Stack. Then, on July 19, its developer p0x labs completed Series A financing of 25 million US dollars at a valuation of 500 million US dollars, co-led by Polychain Capital and Qiming Venture Capital. In addition to the old Layer1 network moving to Layer2, the native Layer2 network also has frequent actions and constant messages. Among them, Rollup Group representatives such as Arbitrum, zkSync, and StarkNet announced the launch of the Stack, an open source toolkit for building a corresponding Layer 3 network; the Optimistic Rollup fork project MetisDAO Foundation released ZKM, a new hybrid Rollup project it incubated; and Loopring, a road printing protocol, announced that it would build its own based on the zkEVM Layer2 network Taiko Layer 3 and more. Clearly, the Layer 2 market has entered a heated competitive phase. According to the encrypted data platform Rootdata, 77 Layer 2 related network infrastructures have been included, including modular blockchain, zkRollup, Optimistic Rollup, and application chains. Currently, the Layer 2 market is mainly dominated by two mainstream scaling solutions: Optimistic Rollup and zkRollup. So, what exactly do Optimistic Rollup and zkRollup represent networks? How are they progressing? What are the opportunities for users to participate? 1. Optimistic Rollup has 5 networks: Arbitrum, Optimism, Metis, Boba, and Mantle Arbitrum's TVL has exceeded 6 billion US dollars. As of July 20, the value of crypto assets locked up on the Arbitrum chain was about 6.09 billion US dollars. TVL ranked first among many Layer 2 projects, accounting for a market share of 59.78% The native token ARB was officially traded in March of this year. It is currently priced at $1.26, has a market capitalization of $1.6 billion, and is ranked 36th among crypto assets. Furthermore, it is far ahead of other Layer 2 networks in terms of the number, prosperity, and activity of the ecosystem applications already deployed on the Arbitrum chain. According to the official ecosystem portal page Arbitrum Portal, 559 Arbitrum ecosystem projects have been included, covering applications in various sectors such as wallets, cross-chain bridges, DEX, lending, games, and NFTs. Among them, the main representatives include well-known mainstream applications such as Uniswap, Aave, Curve, and 1inch that have migrated from outside, as well as the native decentralized perpetual contract GMX, full-chain lending Radiant, native DEX Camelot, and the metaverse gaming ecosystem Treasure. Arbitrum is a Layer 2 scaling solution built on Arbitrum Rollup (improved Optimistic Rollup) technology. In 2021...

1125d agody zhang#1inch #Aave #Arbitrum #BNB Chain #Boba #Curve #DeFi #layer 2 #Mantle #Metis #NFTs #OpenSea #optimism #Polychain Capital #StarkNet #Uniswap #WEB3 #zkSync #Ethereum #pays

Complete tutorial on Taiko, the L2 project that God is paying close attention to

Original article author: DEFI old village chief Original source: Twitter Note: This article is from @defi_mindset Twitter. MarsBit has compiled it as follows: The complete tutorial of Taiko, an L2 must-have project that V God is paying close attention to! #L2 #Taiko #Testnet #ETH #Airdrop @taikoxyz is a fully decentralized Ethereum-based zk-rollup, similar to the L2 extension solution; the project received great attention from Vitalik and was built by the original team of the domestic optical road printing protocol @loopringorg; currently the alpha-2 testnet is online. The tutorial is as follows: 1 Add the Sepolia and Taiko test networks to the Chainlist officer Internet link wallet https://chainid.network搜索Sepolia，点击Add Chain, wallet approval authorization search Taiko, click Add Chain, wallet approval authorization 2 to receive test token faucet claim: https://faucet-sepolia.rockx.com-链接钱包-发布推文-粘贴推文链接领水官方Discord领水: https://discord.com/invite/taikoxyz-进入官方DC，验证后找到manual-faucet频道-输入 “! Faucet+ address” Send 3 to receive $BLL and $HORSE test coins to the test network: https://bridge.a2.taiko.xyz链接钱包，切换网络至Sepolia选择$BLL代币点击领水点击“Mint”，钱包支付GAS费铸造回到界面选择$HORSE代币点击领水点击“Mint”，钱包支付GAS费铸造4个小时可再领一次水4将ETH、$BLL、$HORSE跨链到跨链到Taiko A2 network Go to the cross-chain bridge website: https://bridge.a2.taiko.xyz（领测试币同网址）选择代币输入跨链交易数量点击Approve钱包授权，授权时可自定义支付最大值，默认最大点击Bridge，钱包支付GAS进行交易同样的方式进行三种代币的跨链5Taiko A2 network interactively enter the official test network, switch the wallet to Taiko network, and link to the wallet: https://swap.a2.taiko.xyz/#/swapSWAP：在兑换窗口选择要兑换的代币，输入数量进行交易Pool:点击资金池添加流动性6.将ETH、$BLL、$HORSE跨链回Sepolia网络进入跨链测试网：https://bridge.a2.taiko.xyz选择代币输入跨链交易数量点击Approve钱包授权点击Bridge，钱包支付GAS进行交易同样的方式 Cross-chain the three tokens. After completing the above operations, the Sepolia network left a point for Gas7 to fill out the questionnaire link: https://docs.google.com/forms/d/e/1FAIpQLSdD9J8_dl2spOg7kHPAyzRSrfityz80WKtZ0APCNjq-dO8PTg/viewform如果你是程序开发者，也可以通过参与Taiko测试网节点挖矿增加未来空投的权重，教程参考如下:.. .

1243d agody zhang#L2 #Taikoxyz #Vitalik Buterin #ZK Rollup #Ethereum