ETHDenver goes beyond cringe to utility, culture and beyond

admin March 6, 2023

0 3 minutes read

As ETHDenver draws to a close, builders across Web3 will have a unique, multi-hyphenated culture and community interested in everything from wallets to services to privacy to dunk sharding to folk music to video games to art. We leave with new ideas, developments and utilities, guided by

ETHDenver relies heavily on its own culture

Disgusting aside, it’s cool for people to get together. To all haters:

Cringe songs are currently the most expensive songs sold at auction.

5.5 eth, less than a day away.

thanks to @CupOJoseph For big swings!and let’s see @k06a Come back with a swing! pic.twitter.com/1DlzwTKMuf

— Jonathan @ EthDenver (@songadaymann) March 5, 2023

Privacy pools and zero-knowledge rollups dominate the technical side

On the sidelines of ETHDenver, Ameen Soleiman revealed the launch of a privacy pool. This is the follow up to the banned mixer Tornado Cash. Tornado Cash was sanctioned by the US government and its founder was imprisoned in the Netherlands for ties to his group of North Korean hackers. He Soleiman, who uses @ameensol on Twitter, said Privacy Pools will allow users to conduct private, almost untraceable transactions while also deterring illegal activities such as money laundering. I claim that I can.

13/ Our demo is live – https://t.co/Nt4b2Tgx1D

Users now have the option to help regulators quarantine illicit funds without revealing their entire trading history.

Watch a short video in action. pic.twitter.com/An9lWx6jfr

— ameen.eth (@ameensol) March 4, 2023

The Zero-Knowledge Ethereum Virtual Machine (zkEVM) rollup also dominated several ETHDenver meetups. Polygon introduced the latest zkEVM rollup and gave away his free Polygon goodies. See CryptoSlate’s Jordi Baylina’s recent engineering and technical briefing summary for what to expect from Polygon’s zk rollup.

Come on, say hello and grab some cool swag @Ethereum Denver #ETHDenver #zkDeFi #zkEVM @0x Polygon ZK @0xPolygonDeFi pic.twitter.com/Hmr2DF9rav

— 0VIX (@0vixProtocol) March 3, 2023

ERC-4337: Ethereum Foundation Announces New Standard for Account Abstraction at ETHDenver

The Ethereum blockchain has rolled out a new feature called “Account Abstraction”. This makes it easier for users to recover their encryption if they lose their private key. The new standard, called ERC-4337, is deployed via a smart contract called EntryPoint and has already undergone a security audit. The new account abstraction standard announced at Walletcon the week before ETHDenver significantly improves the problem by orders of magnitude.

The Rumors Are True… ERC-4337 Deployed to Mainnet 🚀

Security audit by 🔍 @Open Zeppelin
🛠️ Bundlers and Paymasters @stackup_fi, @alchemy platform, @biconomy , @etherspot, @candidewallet, @block native & more
🏗️ $300,000 grant @Ethereum pic.twitter.com/WOjMvaZe6M

—erc4337 (@erc4337) March 2, 2023

LensProtocol doubles for Web3

“I love seeing entrepreneurs build small use cases and iterate. Many ideas fail, but the key is to build fast and keep iterating and learning. It’s easier and less risky,” said Stani Kulechov, founder of Lens Protocol.

ETHDenver has seen the rise of DeFi approaches to all kinds of Web2 problems. Social media ownership and identity is just one of them.

Interest in L1s and DeFi protocols continues

“Filecoin is the world’s largest decentralized storage network! Collecting that amount of hardware around the world is no small feat,” said Filecoin founder Colin Evran in a presentation at ETHDenver. I was.

In February, FileCoin’s FIL tokens grew by over 30%, driven by interest in EVM and interoperability Layer 1 protocols. Filecoin turns the network into a full-fledged Layer 1 blockchain with the addition of virtual machines. In September, the network announced the launch of his FVM at his FIL Singapore conference, stating that the software platform will enable a variety of user-programmable applications such as permanent storage, storage replication, automated repair, and liquid staking with block rewards. I promised to support you. Additionally, FVM has the potential to enable the creation of data-centric Decentralized Autonomous Organizations (DAOs), which will enable use cases such as pay-per-view his transactions and his Web3 game development. .