Evening News | Filecoin plans to launch EVM-compatible virtual machine; Block.one co-founder will exchange shares for EOS
The EU will vote on the draft amendment to the "Funds Transfer Regulation" on March 31, involving multiple cryptocurrency regulatory policies.Organizer: Linqi, Chain Catcher
1. Block.one Co-founder: Has exchanged all his shares in the company for EOS
Block.One co-founder Brock Pierce stated in a Twitter reply that he has exchanged all his personal shares in Block.One (which includes 240,000 bitcoins and the Bullish platform) for EOS, and will share the gains and losses with the community. (Source link)
2. a16z announces the launch of an airdrop claiming tool using zero-knowledge proof technology
Crypto venture capital firm a16z announced on its official website the launch of an airdrop claiming tool using zero-knowledge proof technology, allowing crypto projects to protect contributors' address privacy when distributing airdrops to active contributors, especially in cases where tokens are airdropped based on users' off-chain activities.
Specifically, potential airdrop recipients can provide messages (referred to as "commitments") through public channels (such as Telegram, Discord, Twitter, or Signal); then, the airdrop issuer constructs a Merkle tree by hashing these commitments together. Subsequently, potential recipients can prove they are the originators of the commitments within the tree by providing a zero-knowledge Merkle proof, without revealing which one, thus claiming their share of the airdrop.
a16z stated that claiming tokens in this way mixes the public address of the recipient with the public addresses of all other users eligible for the airdrop, thereby protecting their anonymity. (Source link)
3. The EU will vote on the revised draft of the "Funds Transfer Regulation" on March 31, involving multiple crypto regulatory policies
The EU will vote on the revised "Funds Transfer Regulation" on March 31, which includes multiple provisions for the regulation of crypto assets, where all crypto transactions will be considered "subject to the travel rule," and exchanges will be required to collect, verify, and report information about non-customers using self-custody wallets.
Additionally, the draft requires exchanges to notify "competent authorities" of every transfer equal to or greater than €1,000 from non-customers' self-custody wallets—regardless of whether there is any suspicion of wrongdoing.
Coinbase Chief Legal Officer Paul Grewal stated that these draft provisions are very dangerous and bad, potentially infringing on personal financial freedom, causing irreparable harm to the crypto economy, and stifling the future of innovation across the EU. "We must strongly oppose this proposal before it's too late." (Source link)
4. Filecoin introduces EVM-compatible Filecoin Virtual Machine, plans to introduce programmability in Q2 this year
Filecoin announced the introduction of the EVM-compatible Filecoin Virtual Machine (FVM), aimed at bringing programmability for smart contracts to the Filecoin network. The native code language of FVM is WASM (WebAssembly), and it will first implement EVM (Ethereum Virtual Machine) compatibility.
With FVM, in addition to existing storage capabilities, the Filecoin network can also gain computational power. Furthermore, FVM will be launched in phases, with a protocol fork planned for Q1 2022 to introduce preparatory adjustments, including Gas mechanisms and architectural changes, before programmability is introduced in Q2 2022, redesigning system roles and deeper protocol changes to make it easier to program against system roles. (Source link)
5. Luna Foundation Guard address increases holdings by 2,830 BTC today, worth approximately $130 million
According to Bitinfocharts, the Bitcoin address associated with the Luna Foundation Guard, considered the development organization for the Terra ecosystem, increased its holdings by 2,830 BTC today, worth approximately $130 million. The address currently holds a total of 27,784 BTC, valued at approximately $1.31 billion.
Previously, Terra founder Do Kwon stated plans to allocate $3 billion for establishing BTC reserves and followed the Twitter account @LFG_Reserve that records changes to the aforementioned address. (Source link)
"What articles are the editors of Chain Catcher looking at?"
1. “Revisiting the Fat Protocol Theory: The Value Capture Ability of the Protocol Layer is Diminishing”
Messari analyst Chia Jeng Yang argues in this article that the fat protocol theory proposed by USV in 2016 has begun to show cracks. While investors can profit in the short term by betting on new protocols, they should also pay attention to allocating more of their portfolio to Dapps as a way to hedge against intensified protocol competition.
2. “Crypto Trend Watch | Behind the Trend of Compliance, DAOs are Moving Towards the Real World”
Recently, several well-known projects, including Gitcoin and SuishiSwap, have announced that they have established or plan to establish legal entities for community DAOs. DAOs, which have long been in a legal gray area, are showing a trend of self-compliance, bringing more possibilities for interaction between DAOs and the real world. Why are well-known project communities seeking to establish legal entities? What legal dilemmas do DAOs face today? What problems can the community's compliance attempts solve?
The Mina protocol is a new generation layer 1 blockchain that addresses the issue of state bloat. With the powerful capabilities of zk-SNARK, Mina maintains a fixed small size of about 11 kB. In addition to decentralization, zk-SNARKs also make Mina more private and efficient compared to other chains.
Risk warning
Risk warning
