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BTC $72,575.41 +5.78%
ETH $2,267.27 +8.42%
BNB $614.15 +2.46%
XRP $1.39 +5.76%
SOL $84.71 +7.10%
TRX $0.3179 +1.22%
DOGE $0.0945 +4.29%
ADA $0.2587 +6.68%
BCH $449.19 +3.58%
LINK $9.23 +6.20%
HYPE $39.65 +9.87%
AAVE $95.68 +9.43%
SUI $0.9486 +9.02%
XLM $0.1624 +4.35%
ZEC $335.87 +25.67%

declaration

Ethereum Foundation: The Account Abstraction Team collaborates with Vitalik to release the "Trustless Declaration" and puts it on-chain

The Ethereum Foundation posted on the X platform, stating that the account abstraction team, along with Vitalik Buterin, has released the "Trustless Manifesto" and placed it on-chain. The original intention of Ethereum was not to enhance financial efficiency, but to enable people to collaborate without the need for trusted intermediaries. This manifesto clearly articulates a series of related values, including trustless neutrality, self-custody, verifiability, and a resistance to "convenient" centralized models.The manifesto is fully stored on-chain in the form of a smart contract and provides a single operation: pledge(). This contract has no owner, no administrator, and the text is immutable, with all operations relying on the Ethereum network. When the pledge() operation is called, the system will record the caller's address and the timestamp of the first pledge, and emit a public Pledged(address, timestamp) event. This operation only consumes gas fees and does not provide any form of incentives such as airdrops, points, or early access. If relevant parties make a pledge, it indicates their concern for the importance of user self-authorized operations, their desire for their protocols not to rely on private servers and opaque relayers, and their willingness to bear the actual costs to maintain Ethereum's trustless characteristics.

The Hong Kong Financial Services and the Treasury Bureau will issue the second policy declaration on the development of virtual assets

ChainCatcher news, according to Yahoo Finance, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that in response to the latest developments in the virtual asset market, the Treasury will publish a second policy declaration on the development of virtual assets, outlining the vision and direction for the next steps. This policy declaration will explore how to combine the advantages of traditional financial services with technological innovations in the virtual asset sector, and enhance the security and flexibility of real economic activities. It will also encourage local and international enterprises to explore innovations and applications of virtual asset technology.Christopher Hui pointed out that the Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors, emphasizing that robust risk management measures will be formulated. This is expected to further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner. In assisting fintech companies to expand their business, the Invest Hong Kong is actively collaborating with industry stakeholders to promote in the Guangdong-Hong Kong-Macao Greater Bay Area, helping Hong Kong fintech companies further expand into the mainland market.
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