29 May 2024

May 29, 2024

α：Advanced Technology

AI

BIG DATA IS DEAD (read more here)

Artificial intelligence (AI) is progressing rapidly, and companies are shifting their focus to developing generalist AI systems that can autonomously act and pursue goals. Increases in capabilities and autonomy may soon massively amplify AI’s impact, with risks that include large-scale social harms, malicious uses, and an irreversible loss of human control over autonomous AI systems.

Cryptography

β：Web3 Segment

Hardware layer

Protocol layer

Securing Blockchain-based IoT Systems with Physical Unclonable Functions and Zero-Knowledge Proofs (read more here)

This paper presents a framework for securing blockchain-based IoT systems by integrating Physical Unclonable Functions (PUFs) and Zero-Knowledge Proofs (ZKPs) within a Hyperledger Fabric environment. The proposed framework leverages PUFs for unique device identification and ZKPs for privacy-preserving authentication and transaction processing. Experimental results demonstrate the framework's feasibility, performance, and security against various attacks. This framework provides a comprehensive solution for addressing the security challenges in blockchain-based IoT systems.

How do layer 2s really differ from execution sharding? (read more here)

This raises a natural question: what is the difference between these two worlds? One answer is that the consequences of code bugs are different: in a rollup world, coins get lost, and in a shard chain world, you have consensus failures. But I expect that as protocol solidify, and as formal verification technology improves, the importance of bugs will decrease. So what are the differences between the two visions that we can expect will stick into the long term?

EVM Native Sequencing Rules (read more here)

The goal of this post is to introduce the concept of Sequencing Rules and provide a possible sketch of what a Sequencing Rule-enabled EVM would look like. Sequencing Rules offer a rational solution to both Ethereum’s MEV and protocol innovation mindshare loss problems.

Middleware layer

Application layer

Reflections on Restaking (read more here)

We spend a lot of time studying restaking protocols at Reverie. It’s an exciting category for us to invest in because of how fuzzy everything is (opportunity lies in murky markets) and just how much there is going on (dozens of projects are launching in the restaking space over the next 12 months).

Asset Risk Assessment: Ethena USDe (read more here)

Ethena's USDe, a synthetic dollar backed by delta-neutral positions on perpetual futures exchanges, was launched in February 2024 and reached over $2 billion in total value locked (TVL) less than 100 days later. This rapid expansion has made it the fastest-growing stablecoin in existence. However, this rapid growth also raises concerns about potential risks to USDe/sUSDe holders, liquidity providers, and other assets using it as collateral.

User Gateway

γ：Web3 Macro

Open Sourcing the Superchain with Optimism (read more here)

Open source software powers much technology today, from web servers to phones. But what does it take to get an open source project going from scratch? Optimism Foundation CEO and executive director Jing Wang joins a16z crypto CTO Eddy Lazzarin and editor Robert Hackett to talk about the peculiarities of open source stewardship, from thinking through contributor incentives and business models to establishing a foundation and planning roadmaps — including Optimism's own vision for a blockchain-scaling "superchain."

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