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Kaze

@kazebeat

97 Following
8 Followers


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🚨 .:potential airdrop:.🚨 it's worth joining the galxe quest for Ika, it's going to play a huge role in Sui's expansion. Ika's new 2pc-mpc allows web3 threshold cryptographic signing at scale. coinbase wallet, fireblocks, and copper are a few custody solutions that leverage MPC to mitigate security risks inherent w/ private key management. the way it works: basically, a group of homies collectively generate signatures without revealing or reconstructing the full key for a wallet -- web3 threshold cryptographic signing. but typical MPC networks use unicast communication, which requires every participant to communicate with each other. The effect is.. >low signatures per second >limits the number of participants to a few >takes minutes to generate 1 signature w/ 10-20 participants >computation overhead exponentially increases w/ more participants
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Apechain -- the new layer 3 network built on Arbitrum One officially launched last week. ApeCoin $ape, the token powering Yuga Lab's ecosystem, upgraded its smart contracts using LayerZero's OFT standard. Here's why it's important: >Omnichain fungible token standard (OFT) enables secure messaging communication with chains & dApps integrated with LayerZero's tech, allowing for... +seamless cross-chain transfers of APE between Ethereum, Arbitrum, and ApeChain +DAO governance for APE holders across chains +payment of transaction fees on multiple chains +native yield that automatically rebases for tokens held on ApeChain (APE, apeETH, apeUSD). >LZ has 70+ chains and 200+ lzApps in its eco, so I'm sure we'll see many more integrations within and outside of ApeChain. A few ideas to spitball: +oNFT mints with cross-chain capabilities +In-game assets that can interoperate with other chains & games +liquid restaking of APE in cross-chain DeFi +apeUSD yield on Pendle $zro
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