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Revolutionizing Blockchain with Verifiable Computing

Wednesday. August 28 at 1:00 AM

1 min. read

Space and Time (SxT) Labs recently secured a $20 million Series A funding round led by Framework Ventures. The company is developing a verifiable computing layer that merges artificial intelligence and blockchain technology. Various venture capital firms, including Lightspeed Faction, Arrington Capital, and Microsoft’s M12 Ventures, also participated in the funding. With a total of $50 million raised so far, SxT Labs aims to expedite engineering and product advancement. Their proof-of-SQL, a zero-knowledge circuit, enables smart contract developers to verify data integrity. This innovation could revolutionize decentralized finance by ensuring borrower credibility and asset performance tracking. The beta version of the proof-of-SQL stack has processed billions of database requests, generating significant revenue. As the blockchain industry attracts more institutional players, similar protocols like Pi Square are also enhancing onchain infrastructure. SxT Labs' CEO, Nate Holiday, envisions a future where blockchain technology eliminates the need for trust, especially as AI advancements continue to accelerate.

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Ethereum's Market Recovery and Potential Challenges Ahead

Sunday. December 22 at 5:00 PM

Ethereum is showing signs of recovery in the market, gaining momentum towards the critical $3,659 resistance level after a period of consolidation. The recent surge reflects growing optimism and confidence in Ethereum's potential for further gains. Buyers are actively driving the price higher, with a rebound near the $3,051 support zone marking a significant turning point. Despite trading below the 100-day SMA, Ethereum's rebound suggests increasing bullish pressure. The RSI also indicates a possible upward movement, with buyers regaining control. Key resistance levels at $3,659 and $4,100 will be crucial in defining Ethereum's short-term trajectory. Failure to overcome these levels could lead to a consolidation or pullback, testing lower support levels. Monitoring Ethereum's ability to sustain its upward momentum is essential as it navigates through potential challenges ahead.

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Enhancing Blockchain Security: Chainalysis Acquires Hexagate Amid Crypto Hacks Surge

Thursday. December 19 at 8:00 PM

Chainalysis, a blockchain analytics firm, has acquired Hexagate, a Web3 security provider, to combat the increasing threat of crypto hacks. The acquisition aims to offer a comprehensive risk solution covering prevention, compliance, and remediation. By integrating Hexagate's machine learning tools, Chainalysis seeks to enhance trust in various blockchains by shifting focus from investigations to prevention. Hexagate's tools have already safeguarded over $1 billion in customer funds through real-time threat detection. The acquisition comes at a critical time as crypto thefts continue to rise, with a significant spike in stolen funds reported in 2024. Despite the challenges faced by the crypto ecosystem, CEO Jonathan Levin remains optimistic, emphasizing the importance of equipping Web3 with the necessary tools to ensure security and investor confidence.

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Empowering Web3 Developers with Forte's Open Source Rules Engine

Tuesday. December 17 at 4:00 AM

Forte has introduced the Forte Rules Engine, an open-source tool for developers to create secure on-chain environments and manage digital asset economies for web3 applications. This engine allows developers to set and enforce rules, establish transaction boundaries, handle compliance requirements, and mitigate risks such as volatility and malicious actors. By supporting the long-term utility and economic health of digital assets, the Rules Engine aims to provide a strong foundation for blockchain projects to thrive. Fully compatible with EVM chains and web3 wallets, this innovative solution offers on-chain technologies to build safe and sustainable economies that inspire trust. With features like on-chain guardrails for asset protection and economic stability tools, developers can confidently launch and manage their projects. Forte's Rules Engine is set to redefine blockchain development by prioritizing compliance, economic stability, and trust in the industry.

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Debates on Ethereum Gas Limits: Balancing Stability and Security

Tuesday. December 10 at 7:00 AM

Toni Wahrstätter, a researcher at the Ethereum Foundation, urges caution in increasing Ethereum's block gas limit due to technical challenges. The Ethereum community is discussing the potential risks and benefits of raising the gas limit to enhance network capacity. Wahrstätter points out that surpassing the current 36 million gas threshold is difficult without significant protocol upgrades, as it could lead to propagation failures and network destabilization. The proposed increase to 60 million gas per block may breach vital restrictions on block size, impacting network efficiency. Core developers stress the importance of testing and data collection to evaluate the impact of higher gas limits on Ethereum's security and reliability. The upcoming Pectra 2 network upgrade aims to address these challenges by introducing proposals to improve block sizes and network performance. Overall, a cautious approach is advised to maintain Ethereum's stability amidst ongoing debates and developments in the crypto industry.

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