Crypto Shuttle News

Tag: Solution

  • Ferrum to integrate Ethereum L2 solution zkSync in its crypto ecosystem

    Ferrum to integrate Ethereum L2 solution zkSync in its crypto ecosystem

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     zkSync is a user-centric zero-knowledge (ZK)-rollup platform for Ethereum and is live on the mainnet.

    Matter Labs / zkSync

    Matter Labs is a pioneer of zero-knowledge rollups. The organization launched the first-ever public ZK-rollup prototype in early 2019, was the first to implement recursive ZK proofs on Ethereum, and created the world’s first practical FPGA-based hardware for ZKP acceleration in 2020.

    “When you really think about it, most of us in this space are here because of Ethereum. Ferrum’s mission has always been to breakdown barriers to mass adoption… and scaling Ethereum is one of the most important milestones in doing so. It’s a bit poetic to have zkSync — a project uniquely positioned to scale Ethereum — as our first official Ferrum Ventures investment.”
    – Ian Friend, Co-Founder & COO at Ferrum Network

    Integration of zkSync with Ferrum Network

    • Traditional Staking
    • VIP Staking
    • NFT Staking
    • Multi-Asset Staking
    • LP Staking

    zkSync enters the Ferrum ecosystem

    Ferrum Network will also extend the benefits of zkSync across its ecosystem with:

    “We couldn’t be more thrilled to be joining forces with Matter Labs and zkSync as they embark on a mission to scale Ethereum. We’ll look to facilitate the process via our stake through Ferrum Ventures, our suite of products, and introducing them to the Iron Alliance. Stay tuned!”
    – The Ferrum Network Team

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  • WEFUZZ, a fully decentralized, crowdsourced security audit and bug bounty solution | by Coinbase | Feb, 2022

    WEFUZZ, a fully decentralized, crowdsourced security audit and bug bounty solution | by Coinbase | Feb, 2022

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    Coinbase

    This report updates on what WEFUZZ, Coinbase Crypto Community Fund grant recipient, has been working on over the first part of their year-long Crypto development grant. This specifically covers their work on a decentralized, crowdsourced security audit and bug bounty solution.

    By WEFUZZ, Coinbase Crypto Community Fund grant recipient

    WEFUZZ implements a fully decentralized, crowdsourced security audit and bug bounty solution: a set of smart contracts that allow developers and companies to get their smart contracts, blockchains, websites, etc., audited by the auditors and hackers community. With this work, WEFUZZ aims to become the *Hacker DAO*.

    Crowdsourcing is a sourcing model in which individuals or organizations obtain goods or services — including ideas, voting, micro-tasks etc., from a large, relatively open, and rapidly evolving group of participants. Companies like Uber, Gitcoin and GoJek already use this model. Crowdsourcing model offers improved costs, speed, quality, flexibility, scalability, and diversity.

    The traditional crowdsourcing system consists mainly of three roles: requesters, workers (auditors in our case), and a centralized system. Requesters submit tasks to be completed through the crowdsourcing system. A set of auditors complete this task and submit solutions to the crowdsourcing system. Requesters will then select a proper solution (usually the first or the best one that solves the task) and reward the corresponding worker

    This makes centralized systems vulnerable. User’s sensitive information (e.g. name, email address etc.,) and vulnerability reports are saved in the database of these centralized systems, which has the inherent risk of privacy disclosure and data loss. Centralized choke points are not only attack vectors for leaks and hacks, but also for outages.

    Crowdsourcing companies are keen on maximizing their benefits and require requesters paying for services, which in turn increase user’s costs. Most crowdsourcing systems demand a 10–25% service fee.

    All these issues add up to the already existing concerns of smart contract and multi-chains owners and developers (the audit requesters), freelance auditors’ and ethical hackers’ concerns. Some of these concerns are:

    • Ensuring their assets are safe from cyber theft, data hacks or any other risk that can result in a loss of funds and compromised data
    • Being able to get audits done in a cost-effective way — be it private or public security audits
    • Making sure the smart contracts are audited by multiple auditors
    • Hackers do not want to share sensitive personal data
    • Hackers and auditors and developers need complete transparency

    WEFUZZ is a fully decentralized, crowdsourced audit and bug bounty platform aiming to be the Hacker DAO. WEFUZZ aims to provide reliability, fairness, security and low service fees by design.

    The decentralized platform has many advantages such as higher user security, service availability, and lower costs. Smart contracts running on a chosen blockchain are used to perform the whole process of crowdsourcing tasks which contains posting audit and bounty campaigns, submitting audit and bug reports, bounty assignment, etc.

    WEFUZZ solution offers numerous added benefits to users:

    • Data Security: Reports are encrypted with auditors’ and target developers’ public key, so that the bug reports only gets read by who it is intended for. Files are encrypted and stored on the decentralized network storage. No more data breaches, hacks, password leaks or any other risk affecting existing cloud based audit and bug bounty platforms.
    • Cost Effectiveness: Allowing smart contract developers, multi-chain developers, and companies to get audits performed in a cost-effective way directly by the auditors and hacker crowd on the WEFUZZ platform. This helps the developers and companies avoid huge fees and congestion issues affecting the traditional bug bounty platforms.
    • Flexible anonymity: Auditors and hackers can choose to remain anonymous while submitting reports, protecting their privacy, and still getting paid.
    • Communication Security: No centralized data storage, complete anonymity, no data transfers, no moderators and complete end-to-end encryption. All the data resides encrypted on the Solana blockchain and all the files reside on the IPFS blockchain.

    Audit Requestors: Developers, companies or any individual can request audits or start a private/public bug bounty campaign.

    Auditors: Auditors can be anyone from ethical hackers to audit firms who can perform the requested audits or participate in bug bounty campaigns.

    Judges: Judges are community members who are either elected by the community or have been raised to the Judge category through reputation.

    Currently, we are working on the conceptualization, technical architecture, and system design of WEFUZZ, besides building our MVP on Solana and Polygon blockchains, and testing the optimal chain for our project.

    Please join our Discord and follow us on our Twitter and Medium to keep track of the progress. We are going to release the code and other tools we build as part of the research and development in this Github account.



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  • Introducing the Travel Rule Universal Solution Technology (“TRUST”) | by Coinbase | Feb, 2022

    Introducing the Travel Rule Universal Solution Technology (“TRUST”) | by Coinbase | Feb, 2022

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    Coinbase

    Coinbase is proud to announce the launch of the Travel Rule Universal Solution Technology (TRUST), an industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of our customers. TRUST is a platform that allows cryptocurrency exchanges to securely send information legally required by the Travel Rule. The solution is named TRUST because that’s what we seek to instill in our customers when they use our products and services.

    The current U.S. TRUST membership includes the following: Anchorage, Avanti, BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assetsˢᵐ, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, TradeStation, Zero Hash, and Zodia Custody. And we are soon expanding to other global jurisdictions.

    Why is TRUST necessary?

    The Travel Rule requires financial institutions to share certain basic information about their customers when sending funds over a certain amount to another financial institution. Custodial cryptocurrency exchanges (like other financial institutions) have to satisfy this rule, which was written before crypto even existed. To do this, a leading group of crypto exchanges came together to create a solution in the crypto space, while continuing to protect the security and privacy of our customers’ personal information. This unprecedented effort led to a jointly designed solution, TRUST, which we hope will soon become the industry standard for complying with these requirements.

    What was the goal in designing the TRUST solution, and how was it achieved?

    The core goal in designing TRUST was to achieve top-tier compliance with the Travel Rule, while fully honoring customers’ expectations over how their information is handled. To do this, important safeguards were incorporated as part of the TRUST solution:

    1. No central store of personal data: We never centrally store sensitive customer information where it could be targeted by an attacker or misused by a third party. The required information is only directly sent from one TRUST member to another, through end-to-end encrypted channels, and the receiver is required to safeguard it.

    Now that TRUST has launched, what are the next steps?

    The next step is adding new members, so that TRUST can provide comprehensive compliance across the crypto industry. The Travel Rule’s reach is expanding internationally, and so must the TRUST solution. TRUST is focused on expanding to many other jurisdictions this year.

    The launch of TRUST resoundingly demonstrates that top-tier compliance can go hand-in-hand with a core industry value — robust protection of customer privacy and security.

    To learn more about joining TRUST, click here.

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  • US-Based Fintech Firm Ideal Launches Crypto-Analytics API Solution

    US-Based Fintech Firm Ideal Launches Crypto-Analytics API Solution

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    Ideal, a US-based
    technology provider company, has announced the launch of its crypto analytics
    application programming interface (API), Impact API, using Pyth Network’s
    real-time on-chain market data.

    By using the Pyth
    Network, Impact API provides cryptocurrency trading companies with
    institutional-grade analytics and complete transparency on their profitability and
    transaction costs.

    Ideal s decision
    intelligence solutions help to turn data analytics into clear actions for trading
    success, and, therefore, it provides traders in traditional finance and cryptocurrency
    markets with performance insights that help them better understand their true
    execution costs and enhance their trading decisions. Impact API helps to bring transparency
    on the crypto transactions, a market where costs and spreads are mostly opaque.

    John Crouch, the Ideal
    CEO, said: “The high-quality, real-time market
    data provided by the Pyth Network opens up a world of opportunity for crypto
    trading firms. We are thrilled to build upon Pyth’s innovation with our
    plug-and-play analytics. Our Impact API uses Pyth’s data to instantly calculate
    market impact costs and reveal what spreads traders are actually paying. We’ve
    seen cases where crypto spreads are 10 to 100 times higher than they would be
    in traditional markets. In the coming months, we’ll expand the range of
    available market data sources and add new analytics functionality.”

    Adding to that, Michael Cahill, the Director at Pyth Data Association, stated: “As the Pyth ecosystem continues to gain momentum with over 40
    data providers contributing real-time pricing, and over 120 projects using the
    oracle, we are thrilled to see Ideal building advanced analytics using Pyth
    Network data. With our network of the world’s most prominent trading firms,
    several regulated exchanges and foundational crypto companies, we are proud to
    make financial data freely accessible to all. Ideal shares our desire to bring
    greater transparency and insight to both crypto and traditional markets.”

    Financial
    Institutions Are Embracing APIs

    The announcement by
    Ideal comes at a time when the number of API-led
    financial services companies continue
    to proliferate around the world. Fintechs such as Plaid, Tink, Belvo and
    Truelayer are providing their API-related services in the US, Europe, Latin
    America and the UK, respectively. These firms offer developer and engineering tools
    that reduce the operational and technical effort needed for apps to connect to
    their users’ financial accounts.

    The use of APIs is
    making it possible for other firms to integrate what are otherwise complex
    services to develop from scratch simply by adding in a few lines of code. Financial
    infrastructure companies are enabling developers and firms to innovate around services
    such as wealth management, insurance, personal finance, lending and payments.

    Ideal, a US-based
    technology provider company, has announced the launch of its crypto analytics
    application programming interface (API), Impact API, using Pyth Network’s
    real-time on-chain market data.

    By using the Pyth
    Network, Impact API provides cryptocurrency trading companies with
    institutional-grade analytics and complete transparency on their profitability and
    transaction costs.

    Ideal s decision
    intelligence solutions help to turn data analytics into clear actions for trading
    success, and, therefore, it provides traders in traditional finance and cryptocurrency
    markets with performance insights that help them better understand their true
    execution costs and enhance their trading decisions. Impact API helps to bring transparency
    on the crypto transactions, a market where costs and spreads are mostly opaque.

    John Crouch, the Ideal
    CEO, said: “The high-quality, real-time market
    data provided by the Pyth Network opens up a world of opportunity for crypto
    trading firms. We are thrilled to build upon Pyth’s innovation with our
    plug-and-play analytics. Our Impact API uses Pyth’s data to instantly calculate
    market impact costs and reveal what spreads traders are actually paying. We’ve
    seen cases where crypto spreads are 10 to 100 times higher than they would be
    in traditional markets. In the coming months, we’ll expand the range of
    available market data sources and add new analytics functionality.”

    Adding to that, Michael Cahill, the Director at Pyth Data Association, stated: “As the Pyth ecosystem continues to gain momentum with over 40
    data providers contributing real-time pricing, and over 120 projects using the
    oracle, we are thrilled to see Ideal building advanced analytics using Pyth
    Network data. With our network of the world’s most prominent trading firms,
    several regulated exchanges and foundational crypto companies, we are proud to
    make financial data freely accessible to all. Ideal shares our desire to bring
    greater transparency and insight to both crypto and traditional markets.”

    Financial
    Institutions Are Embracing APIs

    The announcement by
    Ideal comes at a time when the number of API-led
    financial services companies continue
    to proliferate around the world. Fintechs such as Plaid, Tink, Belvo and
    Truelayer are providing their API-related services in the US, Europe, Latin
    America and the UK, respectively. These firms offer developer and engineering tools
    that reduce the operational and technical effort needed for apps to connect to
    their users’ financial accounts.

    The use of APIs is
    making it possible for other firms to integrate what are otherwise complex
    services to develop from scratch simply by adding in a few lines of code. Financial
    infrastructure companies are enabling developers and firms to innovate around services
    such as wealth management, insurance, personal finance, lending and payments.

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  • StorX Offers the Most Reliable Decentralized Cloud Storage Solution

    StorX Offers the Most Reliable Decentralized Cloud Storage Solution

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    Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage.

    StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent storage from individual farms rather than a centralized service provider. Moreover, it is an open-source initiative.

    StorX node is for you if you want to put your empty disc space to work, contribute to the future of cloud storage, and be paid. Anyone may run a node on the network and earn SRX tokens. The network integrates Google Drive with dependable open source technologies. It also promotes good performers and removes bad performers. It uses an AI system to assess node reputation.

    The User, The Star, and The Satellites are the three core parts of StorX Ecosystems. The SRX token is a payment currency on the StorX platform. The user hosting data must pay in SRX, and the farmer hosting node will receive it in SRX.

    Node Operators

    The primary role is to help the network as storage node operators establish storage supplies. The inclusion of nodes in the network and their reputation is based on node reputation.

    Node Reputation

    StorX relies on a scalable and robust node reputation system. The sophisticated StorX AI system quantifies the Node’s stability and performance. The system employs reputation measurements to exclude adversaries from the network, enhancing security, dependability, and durability.

    Network Node Inclusion

    The network offers a unique procedure for adding additional nodes. When a storage node enters the network, its reputation is set to 0. Whenever someone uploads a new file to the StorX network, the Satellite adds unvetted nodes to the target list while maintaining file durability. Satellite is a sequence of machine learning methods that improve payload distribution on a node.

    Unvetted nodes must present proof-of-work to store data. After vetting, the Node is selected for broad upload. A node’s reputation rises over time as it stores data and produces proof-of-work for it.

    Node Selection

    The standard storage nodes are chosen based on throughput, latency, dependability, uptime history, and geographic location. As part of the load-balancing process, all uploads are forwarded to qualified nodes, with a preference for recommended nodes but a possibility for any qualified node. The system monitors the Node’s activity. Its reputation score grows over time if it gives download statistics, passes audits, and maintains uptime.

    Rewards, Penalties, and Node Reputation

    Node reputation is used to determine a node wallet’s reward eligibility. The StorX Governance team has a good reputation. The mark refers to the Node’s reputation as an active network member eligible for $SRX incentives. The StorX Governance team may alter this barrier to accommodate the growing network. Penalties for low-reputation nodes are in the amount of $SRX tokens. AI automatically deducts token staking/reward penalties. The whole procedure is kept within the smart contract for community accountability.

    The StorX Ecosystem functions flawlessly when Storage Node operators maintain Good Node Reputation. Nodes that perform poorly may be disqualified, resulting in no “hosting and staking incentives”. Staked SRX may be burnt as a punishment if it repeatedly harms StorX Storage Network.

    Reasons Backing Good Node Reputation:

    • Provide a solid cloud Infrastructure
    • $SRX Stake increases “Good” Node Reputation
    • Ensure 100% uptime
    • Always keep nodes updated with the newest patches and OS updates.

    Causes for a Node’s Poor Reputation:

    • Incorrect node configuration, such as not accessible on the specified port.
    • Node response time
    • Low traffic on primary app
    • If you correctly configure the Node, it will be considered for storage, and its reputation will rise.

    Maintaining a Good Reputation

    A robust node satisfies all of the readme’s criteria. Its reputation will grow as it stays active in the network. Because a node’s reputation is based on its contribution to the network, greater network activity means a higher reputation. Node owners (farmers) are asked to distribute and utilize the StorX App as much as possible to build a reputation. Access the farmer dashboard to verify repute. The team is working on a dedicated dashboard to show the Node’s data.

    Open Community

    One of the other plus points, StorX is always open for input and ideas to improve the farm node’s reputation-based reward and punishment mechanism. They consider recommendations seriously as it will help establish a better and more simplified node reputation environment.

    Conclusion

    To summarize and conclude, in simple terms, on the StorX mainnet, SRX is a utility token that drives the StorX data storage marketplace. Operators need to set up Node and earn SRX. Also, save data and pay using SRX. Node operators need to maintain Good Node Reputation to ensure StorX Ecosystem works perfectly and operators earn through the Node and its reputation.

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  • Halal MRHB DeFi integrates zkSync’s ZK-RollUp solution for Ethereum | by Bit Media Buzz | Oct, 2021

    Halal MRHB DeFi integrates zkSync’s ZK-RollUp solution for Ethereum | by Bit Media Buzz | Oct, 2021

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    Bit Media Buzz

    Dubai, U.A.E., October 28, 2021 — MRHB DeFi the world’s first inclusive and ethical DeFi platform is integrating the Ethereum scaling solution zkSync, developed by software experts Matter Labs.

    The move will mean that the MRHB DeFi ecosystem will benefit from the low fee transactions zkSync enables, while developers will be able to utilize zkSync technology on the platform’s architecture to improve efficiency, speed, scalability, security and privacy.

    ZK RollUp solves Ethereum Scalability with Zero Security Compromises

    zkSync is an innovative technology that is already live on the Ethereum mainnet. It allows for extremely low transaction fees, relies on a trustless protocol, and keeps funds cryptographically secure. Transactions use zero-knowledge proofs and on-chain data availability to keep users’ funds safe, with computation and storage being performed off-chain.

    “At Marhaba, we strongly believe zkSync will lead the way as a ZK-RollUp solution for Ethereum,” said Deniz Dalkilic, CTO of MRHB DeFi. “Given its ability of 100% Solidity compatibility, fast finality with low fees while having the ability to secure unlimited amounts of TVL($), it makes it the perfect L2 solution for DeFi.”

    Built on ZK Rollup architecture, zkSync ensures that it strictly inherits the security guarantees of the underlying L1. Unlike sidechains, Rollup validator(s) can never be corrupted. Smart-contract friendly, exchange friendly, the technology allows for contract-interoperability and atomic swaps on different exchange protocols and even includes native support for NFTs.

    MRHB CTO Dalkilic highlighted that Vitalik Buterin has declared that “in the medium to long term, ZK rollups will win out in all use cases as ZK-SNARK technology improves.”

    The technology is already in use by a wide range of leading blockchain projects, including Curve, Argent, and Balancer, and was supported in its ecosystem funding round by leading names in the blockchain space, including Binance, Huobi, Coinbase and many more.

    An Ethical and Inclusive DeFi Vision

    MRHB DeFi was founded with a vision of providing greater access to the growing opportunities and utilities of the cryptoverse for excluded and cautious communities, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

    With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    MRHB DeFi has also received strategic investments from Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and EMGS Group.

    About MRHB DeFi

    MRHB (pronounced ‘Marhaba’) DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

    Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

    The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/mdf_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About zkSync

    zkSync is taking a cryptography-first approach to scaling blockchains and spearheading the scaling revolution by offering the cheapest token transfers on Ethereum. Next, they are launching general programmability, EVM-Compatibility, and off-chain data availability for a seamless developer and user experience, for the lowest transaction fees.

    Website: http://zksync.io

    Medium: https://medium.com/matter-labs

    Twitter: https://twitter.com/zksync

    Telegram: https://t.me/zksync_community

    Discord: https://discord.com/invite/px2aR7w



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  • Enya launches beta of Boba, a new Optimistic-based Ethereum L2 solution

    Enya launches beta of Boba, a new Optimistic-based Ethereum L2 solution

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    Enya, a developer of decentralized infrastructure solutions, today announced the launch of the mainnet beta of Boba Network, its new Ethereum layer-2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.

    Boba reduces gas fees and improves transaction throughput by aggregating transactions in volume while ensuring compatibility with Ethereum. DeFi and NFT applications that are currently cost-prohibitive on Ethereum become affordable on Boba.

    Aiming to stand out among current Ethereum layer-2 solutions, Boba provides a streamlined exit of cryptocurrency-assets from Boba to Ethereum, extensible smart contracts, and, soon, decentralized autonomous organization (DAO) governance.

    Overview: Boba Network

    Optimizing for user experience, the Boba Network offers fast exits that are backed by community-driven liquidity pools, shrinking the withdrawal period from the conventional seven days to only a few minutes.

    Further, the Boba NFT Bridge allows for cost-effective NFT launches which can be brought to Ethereum. NFT projects are all on Ethereum, but gas wars make it a playground only for the rich. Boba makes it possible to use NFTs for micro-transactions such as in gaming while enjoying the security of Ethereum.

    This solution offers the best of both worlds: security and decentralization rooted in Ethereum (no compromise like a multisig bridge wallet) but also low transaction costs and fast execution.

    In terms of new capabilities for the ecosystem, Boba enables Ethereum developers to create smart contracts that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either too expensive, slow, or difficult to execute on-chain.

    Finally, the Boba DAO lays the groundwork for decentralized governance by encouraging the community to propose network enhancements and vote on the proposals right on the Boba Network.

    “We welcome the entire DeFi and NFT developer community to build on Boba. Our team is passionate about creating a more inclusive decentralized ecosystem. We are doing this by reducing barriers to adoption for users and developers. The launch of Boba’s mainnet beta today brings us one step closer…”
    – Alan Chiu, Founder & CEO of Enya

    Source:
    docs.boba.network

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  • This Layer 2 Solution Processed More NFT Trades in 24 Hours Than Ethereum Did in 1 Week

    This Layer 2 Solution Processed More NFT Trades in 24 Hours Than Ethereum Did in 1 Week

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    Robbie Ferguson, co-founder and president of Immutable, talks about how Immutable is transforming the NFT industry through its layer 2 solution, Immutable X, which just launched April 8. In this episode, he discusses: 

    • what sort of problems Immutable is solving by creating a layer 2 solution (1:21)
    • why scalability is especially an issue for NFTs in gaming (1:59)
    • how Immutable X, built with partner Starkware, addresses the problems with scaling NFTs (3:28)
    • how Immutable is scaling Ethereum and the definition of a layer 2 solution (5:46)
    • the Immutable business model and how the company makes money (6:40)
    • how validity proofs like ZK-rollups differ from fraud proofs like Optimistic rollups (7:52)
    • how Gods Unchained has performed since the April 8th launch of Immutable X (8:27)
    • why building on Ethereum is so important to Immutable (10:54)
    • why Immutable is obsessed with bringing liquidity to NFTs (14:54)
    • what sort of partners Immutable is looking to attract and how Immutable X is different from a traditional marketplace (18:00)
    • why Immutable decided to purchase carbon credits to offset the gas the protocol consumes on Ethereum (21:33)
    • what we might see from Gods Unchained, Immutable X, and NFT gaming in general by the end of this  year (23:32 )
    • weekly news recap (26:22)

    Thank you to our sponsors!

    Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 

    InterPop: https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpop 

    NEAR: https://near.org 

    Episode Links

    Robbie Ferguson

    https://www.linkedin.com/in/robbieferguson/?originalSubdomain=au

    Immutable

    • Twitter: 
    • Website for Immutable X
      • https://market.x.immutable.com/assets/0xacb3c6a43d15b907e8433077b6d38ae40936fe2c 
    • Layer 2
    • Gods Unchained
      • https://www.coindesk.com/james-ferguson-on-decentralized-gamings-next-moves
      • https://decrypt.co/65828/immutable-x-ethereum-nft-gods-unchained
      • Previous Unconfirmed interview: https://unchainedpodcast.com/how-the-hong-kong-protests-gave-a-boost-to-gods-unchained/

    Miscellaneous Links

    https://unchainedpodcast.com/can-dydx-become-a-decentralized-bitmex-how-it-is-scaling-with-starkware/

    Link to the Crypto News Recap:

    https://unchainedpodcast.com/2600-eth/



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