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SOL $78.56 -4.80%
TRX $0.3141 -1.12%
DOGE $0.0902 -2.40%
ADA $0.2411 -5.59%
BCH $430.55 -1.72%
LINK $8.59 -4.85%
HYPE $35.97 -3.29%
AAVE $87.56 -9.91%
SUI $0.8641 -4.12%
XLM $0.1550 -3.91%
ZEC $262.80 +3.28%

vm

Ernst & Young launches Blockchain Privacy Sandbox, supporting the development of privacy smart contracts on EVM chains

EY announced the launch of the Blockchain Privacy Sandbox, a web-based development environment designed to help businesses and developers experiment with privacy-preserving smart contracts on public chains compatible with the Ethereum Virtual Machine. It is reported that this sandbox environment is based on the open-source technology Starlight, allowing developers to convert standard Solidity smart contracts into applications with privacy protection features while retaining the original contract logic, and providing exploratory, replicable, and modifiable sample projects to accelerate proof of concept development.Currently, the Blockchain Privacy Sandbox is mainly used for experimentation and validation, supporting businesses in assessing the feasibility of privacy smart contracts, testing functionalities, and validating application scenarios before officially integrating Starlight. EY stated that this tool lowers the technical barrier for conducting privacy experiments on public chains by providing an easy-to-use web environment. Starlight, as the underlying ZKP compiler, has been open-sourced, allowing developers to integrate privacy features through its GitHub repository. As businesses' demand for data privacy protection on public chains increases, the attention on zero-knowledge proof technology continues to rise. Relevant reports indicate that the global ZKP market is expected to reach approximately $7.6 billion by 2033.

Vitalik published an article explaining the Ethereum scaling plan, covering short-term gas optimization and the phased deployment of long-term ZK-EVM

Ethereum co-founder Vitalik Buterin posted on the X platform that Ethereum's scalability is divided into short-term and long-term parts.In the short term, the Glamsterdam upgrade will introduce block-level access lists for parallel validation, ePBS will allow a larger proportion of time slots for block validation, and gas repricing will ensure that operational costs align with actual execution time.The multi-dimensional gas mechanism will be implemented in phases, starting with Glamsterdam, where the "state creation" cost will be separated from the "execution and calldata" cost, with state creation gas not counted towards the approximately 16 million transaction gas limit. The EVM level will introduce a "reservoir" dimension mechanism, which will prioritize the consumption of dedicated dimension gas by default, and when insufficient, will draw from the reservoir. This will eventually transition to multi-dimensional pricing, where different dimensions may have different floating gas prices.Long-term scalability includes ZK-EVM and blob components. In terms of blobs, there are plans to continuously iterate PeerDAS, aiming to achieve approximately 8MB of data processing capacity per second, with future Ethereum block data directly entering blobs.The ZK-EVM aspect will be implemented in phases: by 2026, there will be a validator client supporting ZK-EVM, allowing about 5% of the network to rely on it; by 2027, this will expand to a larger proportion of a few nodes while advancing formal verification; once conditions are mature, it will transition to a five-out-of-three mandatory proof mechanism, ultimately continuously enhancing the security and formal verification level of ZK-EVM, and involving changes to VMs such as RISC-V.

Vitalik: The new EVM chain should be innovative and genuinely rely on Ethereum, avoiding blind replication

Ethereum founder Vitalik Buterin stated that currently, a large number of newly created EVM chains are simply replicating existing architectures or connecting to Ethereum through optimistic bridges with a one-week delay. This approach is akin to the governance replication seen in Compound; while it is "comfortable," it depletes innovation in the long run, leading the ecosystem into a dead end.If a new chain does not connect to Ethereum's optimistic bridge (i.e., purely a substitute L1), the situation is even worse. What the ecosystem truly needs are projects that can bring new features, such as privacy protection, application-specific efficiency, or ultra-low latency. The form of "Ethereum connection" must match the actual functionality.For example, prediction market applications can issue and settle markets on L1, manage user accounts, but transaction execution occurs in a Rollup or L2-like system, with L1 verifying signatures and market states. A deeply connected L1 architecture should be prioritized, rather than a formal bridge for recognition.Another type of "application chain" can verify algorithm execution on government, social media, or gaming platforms, ensuring updates are authorized and executed according to pre-committed rules through technologies like STARK. Although these chains are not entirely Ethereum, they can provide algorithmic transparency and minimize trust, facilitating economic activities that were previously impossible.New projects should achieve two points: first, truly bring innovation, not just replicate existing EVM chains; second, ensure that the public relations image matches actual functionality. The project's claimed level of connection to Ethereum should genuinely reflect its technical and ecological dependencies, ensuring ecosystem interoperability and long-term value.

Gate wallet launches Gas Station, covering 10 mainstream EVM networks to enhance multi-chain trading experience

The cryptocurrency trading platform Gate's Gate Wallet has officially launched the Gas Station feature, further strengthening its capabilities in the Web3 multi-chain infrastructure layer. This feature primarily addresses the common issue of insufficient Gas during multi-chain interactions by providing a dedicated Gas account that is 1:1 bound to the user's EVM wallet, automatically covering network fees when native Gas is insufficient, thus preventing transaction interruptions.Currently, the Gas Station supports 10 mainstream EVM networks including Ethereum, BNB Smart Chain, Base, Arbitrum, Avalanche, Polygon, Optimism, Linea, GateChain EVM, and Gate Layer, and supports over 100 types of cryptocurrency assets for recharge, enabling cross-chain and cross-asset Gas payment methods.In addition, the platform has launched a limited-time incentive where new users can receive exclusive Gas subsidies upon completing their first deposit, and active trading users can enjoy cashback based on the recharge amount and high commissions for inviting friends while continuously using the Gas Station feature.The Gas Station helps lower the operational threshold for users in a multi-chain environment, promoting a more everyday experience in Web3. Through underlying experience optimization, Gate is consolidating its hub position in the Web3 ecosystem and providing ongoing support for broader user participation in the on-chain world.
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