June 29 (Cointime) -O(1) Labs, the development team behind the lightweight blockchain protocol Mina, submitted a proposal to Optimism (now renamed as OP Mainnet) suggesting the application of their zero-knowledge proof technology based on MIPS zkVM to OP Stack fraud proof. The MIPS functionality, in addition to local high-performance snarkyJS, allows for the development of applications using a universal language.

Zero-knowledge (ZK) technology is rapidly improving. As it advances, more ZK applications will emerge, driving higher demand for zero-knowledge proof (ZKP) generation.

Opside is a ZK-Rollup-as-a-Service (ZK-RaaS) decentralized network built on a modular blockchain concept.

Manta Network, a blockchain operating on Polkadot, has partnered with Linea to introduce zero-knowledge soulbound tokens (zkSBT) to users. These tokens will enable users to verify their identities without compromising their on-chain activities. Users will not need to complete know-your-customer screenings, instead verifying their identity using Manta's zkSBT solution. The tokens will use Linea's zkPioneer and Manta's Proof Key to allow any Web2 or Web3 application to verify user information without connecting to a wallet. Users can mint the new zkSBTs through Manta Network's NFT Private Offerings platform after completing one of two Linea NFT campaigns.

The U.S. Treasury has emphasized the importance of decentralized finance adhering to anti-money laundering (AML) regulations to prevent illicit finance. Zero-knowledge (ZK) technology can assist DeFi applications in complying with AML laws while maintaining user data privacy. Despite crypto's association with criminal activity, only 1% of all crypto transactions last year were illicit. ZK technology can also aid in the institutional adoption of crypto by enabling traditional finance players to demonstrate compliance with regulatory standards without sharing personal information. The incorporation of ZK technology into digital identity frameworks is gaining attention, and it can play a significant role in ensuring a safe crypto industry.

The total value locked (TVL) of Ethereum layer 2 networks reached $10 billion on April 14, a new high, as ether's price rose, according to data from layer 2 analytics site L2Beat. While TVL has since declined to around $9.29 billion amid a dip in crypto prices, it remains over double its level at the start of the year.

In Q1, ABCDE team has Looked at more than 100 projects and tried the water temperature. There are several tracks that are particularly hoy, including Appchain, ZK, and Gaming.

Four speakers from different fields participated in the forum jointly held by Cointime & New Huo Tech to discuss the feelings of participating in ETH Denver and their views on the future development of ETH.

CryptoGPT, a zero knowledge (ZK) layer 2 blockchain, is attempting to latch on to the success of artificial intelligence (AI) and ChatGPT by issuing its own token.