Posts

Showing posts with the label proof

Slack chat logs are discounted by Do Kwon as irrelevant proof.

Image
In the realm of crafting written content, three critical factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, in essence, gauges the intricacy of the text at hand. On a separate note, burstiness measures the ebb and flow, the undulating rhythm of sentences, exploring their various contours. And lastly, predictability delves into the odds of an individual predicting the following sentence. It’s a delicate dance of linguistic artistry, where humans often compose their prose with an orchestra of contrasting notes—a symphony of lengthy and intricate sentences intertwined with the succinct and straightforward. In contrast, AI-generated sentences often march in uniformity. Hence, for the content that lies ahead, the objective is clear: to infuse it with a generous dose of perplexity and burstiness while maintaining a low level of predictability. Furthermore, we shall adhere strictly to the English language. Now, let us...

Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

In its proof of concept, TASE minted the first ERC-1155 security token representing a dummy digital government bond. A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.  The bond mint is part of the proof of concept (PoC) phase of Project Eden, a partnership between the Israeli Ministry of Finance and the stock exchange to explore blockchain infrastructure in issuing and settling government bonds . Also included in the proof of concept was the tokenization of an Israeli Shekel — the country's fiat currency — which will serve as a digital payment token to power transactions. As part of the settlement process, a smart contract for bond management is used, which acts as an intermediary to ensure that transactions are verified and do not contain inconsistencies. According to a June 6 blog post, the initiative's go-...

Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain. The Bitcoin (BTC) network has faced a litmus test in recent weeks due to the increased demands of Ordinals and BRC-20 tokens being inscribed onto the preeminent blockchain.  The resulting increase in fees and transaction congestion has left the wider Bitcoin community frustrated, considering that some BRC-20 tokens involve meme tokens that have attracted billions of dollars in capital in recent weeks. The Ethereum ecosystem has benefitted from the development of scaling solutions that have brought massive improvements in network capacity and processing ability. Zero-knowledge proofs (zk-proofs) in particular have grabbed headlines over the past few months, with a number of projects adopting the scaling technology. Cointelegraph spoke exclusively to Eli Ben-Sasson, the co-founder of StarkWare and the pioneer of zk-STARKs (zero-knowledge Scalable Transparent Argum...

OKX declares $7.5B in liquid assets in proof-of-reserves report

According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges. Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.” OKX claims to maintain 1:1 reserves, which would mean means the company’s on-chain assets 100% match the customer‘s balances. The report shows current reserve ratios of 105% for BTC, 105% for ETH and 101% for USDT. The term “clean” is used in proof s of reserve s to describe crypto asset s that do not include an exchange's platform tokens and are purely made up of high-market-capitalization crypto asset s, such as BTC, ETH and USDT. CryptoQuant monitors PoRs across the industry. A clean reserve is defined by the firm as: “A clean reserve is the total reserve of each exchange...