ChainCatcher news, according to CoinDesk, the infrastructure supporting the Bitcoin second layer network, BitcoinOS (BOS), has announced the open-sourcing of the BitSNARK verification protocol for further experimentation in Bitcoin.The team stated that BitSNARK allows zk-SNARK proofs to run on Bitcoin without altering the core protocol. With advanced cryptographic techniques, any code can be compiled and run on Bitcoin.

ChainCatcher message, Ethereum Foundation member Justin Drake answered the question "Are there any further plans to expand Ethereum Layer 1?" during the AMA.Justin Drake stated: "The long-term sustainable elegant plan is to leverage SNARKs to scale L1 EVM execution without limits. Through real-time L1 EVM SNARKing, validators can verify cheap SNARKs instead of re-executing EVM transactions. In addition to the vertical scaling benefits brought by significantly increasing the L1 EVM gas limit, there is also the opportunity to use EVM-in-EVM precompiles for arbitrary horizontal scaling, allowing for cheap verification of EVM execution within EVM."

ChainCatcher news, according to The Block, a16z Crypto has released a zkEVM solution called Jolt to provide a framework for EVM-compatible Rollups using SNARK.a16z Crypto stated: "In addition to the increased speed, Jolt is based on a new design paradigm that makes it easier for developers to scale and easier to audit, thereby enhancing security."

ChainCatcher news, the zero-knowledge proof acceleration platform Ulvetanna has released a research paper titled "Binius: Hardware-Optimized SNARK," which demonstrates a performance optimization construction method for SNARK based on binary fields and explains the performance improvements it can bring to the real-world ZKP generation process. In addition, the team is working on the Rust implementation of this system (named Binius).

ChainCatcher news, Andreessen Horowitz's cryptocurrency division a16z crypto has launched two new SNARK-based technologies, Lasso and Jolt, providing a more efficient approach to SNARK design that could make it faster and easier for developers to understand, potentially facilitating the development of ZK-rollups in Layer 2.The article states that Lasso employs a "lookup parameter" mechanism, which is beneficial for faster zero-knowledge proofs. Jolt is a framework specifically designed for Roll-ups compatible with the Ethereum Virtual Machine. It is described as a novel method that utilizes Lasso to build a SNARK VM (a virtual machine executing through SNARK proofs).

ChainCatcher news, at the EDCON 2023 conference held in Montenegro, Ethereum co-founder Vitalik Buterin stated that zk-SNARK will be as important as blockchain in the next 10 years.The Ethereum Community Conference (EDCON) took place from May 19 to 23, 2023, in Podgorica, Montenegro. The conference featured speakers including Ethereum co-founder Vitalik Buterin, Ethereum core developer Tim Beiko, head of the Ethereum Foundation Devcon team Skylar Weaver, and Ethereum Foundation researchers Vlad Zamfir, Piper Merriam, Andy Guzman, and others. (source link)

ChainCatcher news, zkSync ecosystem IDO platform Snark stated on its social platform that it will refund the excess ETH raised during the Launchpad period.The project team announced that due to a contract setting error, a total of 499 ETH was raised during the project Launchpad, exceeding the original plan of 220 ETH. Therefore, they decided to refund the excess 279 ETH. The team stated that they are currently compiling the relevant data and expect to complete the refunds between April 16 and 17. (source link)

ChainCatcher news, Succinct Labs announced the launch of the decentralized zkSNARK interoperability protocol Telepathy on the mainnet for Ethereum. Telepathy is built using zkSNARKs, allowing developers to achieve trustless communication from Ethereum to any other chain through the security of the Ethereum light client protocol. The core innovation driving Telepathy is the "consensus proof," a zero-knowledge succinct proof of the Ethereum light client protocol that enables gas-efficient on-chain light clients to run on any chain. (source link)

ChainCatcher message, Binance's official Twitter stated that Binance has upgraded its Proof of Reserves (PoR) verification system using zk-SNARK, which is a zero-knowledge proof method designed to enhance the privacy and security of sensitive information.As part of this upgrade, Binance has added four new tokens—SHIB, DOT, CHZ, and SOL—to the PoR system, which now supports 13 mainstream tokens and can verify the holdings in its custody. More new tokens will be supported in the coming weeks. (Source link)