ChainCatcher news, Xinxin Fan, the chief scientist of the IoTeX research team, published a paper on accelerating ZKP (Zero-Knowledge Proof) algorithms in IACR (International Association for Cryptologic Research), proposing a solution that enhances the performance of ZK-SNARK systems by 20% to 40%, applicable to all ZK-SNARK systems. The paper has been included in the ZK Newsletter and selected as a Top Pick alongside Vitalik's latest article. The IoTeX research team stated that this solution represents a breakthrough in the field of zero-knowledge proofs.The proposal in the paper regarding the MSM algorithm to improve the performance of ZK-SNARK systems will first be applied in the off-chain data computation module W3bstream of the IoTeX ecosystem, providing proof support for physical devices and off-chain data, making it easier for DePIN projects to be built on-chain.

ChainCatcher news, according to the official blog, the IoTeX Foundation stated that the team is preparing to launch the L2 network W3bstream, specifically designed for DePIN. W3bstream is capable of compressing (aggregating) large amounts of off-chain data into smaller, verifiable zk-proofs to trigger on-chain transactions.In addition, W3bstream can support existing DePIN projects on any blockchain.

ChainCatcher news, IoTeX announced the launch of W3bstream Devnet, an infrastructure designed to provide developers with a cost-effective way to build DePIN for various sectors such as commercial, consumer, and industrial.DePIN refers to the integration of traditional physical infrastructure systems with decentralized technologies. This innovative concept integrates blockchain and other dApps with physical systems and networks, such as energy grids, supply chains, transportation, or wireless networks.Several DePIN projects will leverage the advantages of W3bstream. These include Uber's Web3 competitor Drife and the green energy initiative React Network. Both projects are part of the release partnership for W3bstream's Devnet version.

ChainCatcher news, the blockchain platform in the IoT field IoTeX officially released the first version of the world's first off-chain computing infrastructure W3bstream, called Devnet. W3bstream Devnet abstracts and simplifies the multi-layer middleware required for DePIN developers to build dApps, allowing developers to easily create dApps, significantly reducing the difficulty and duration of development, shortening the project build-to-market time from years to weeks.Within 24 hours of the launch of W3bstream Devnet, over 200,000 data points were uploaded. Numerous well-known DePIN projects, such as Drife and React, are using W3bstream to empower their real-world use cases, aiming to create Web3 applications with a user base in the billions.Alongside W3bstream Devnet, W3bstream Studio was also released, a developer tool for coordinating, monitoring, and managing the entire DePIN project development, data transmission, and dApp operation. (Source link)