Lemniscap

@lemniscap

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80 Followers

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7/7 Lastly, a big thank you to @madhavanmalolan.eth at @reclaimprotocol @eulerlagrange.eth & @dawufi at Opacity Network Joshua at @zkpass YJ at Open Layer @danilowhk at Zap Lab Vicky & Xiang Xie at Primus Labs @devloper at @plutolabs for fruitful discussions and feedback.

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6/7 If you're building in these spaces, we'd love to hear from you! Feel free to DM the Lemniscap team @roderik @shaishav0x @nicolasantoni @sjors-lemniscap @grisha @blocks or reach out to us by email.

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5/7 We identified 20+ exciting use cases that can be organized by these objectives (+ “Other”). We describe each use case in detail and how web proofs enable it, so you don’t have to. We hope you find it useful – dive in! https://warpcast.com/lemniscap/0x46aaaa1c

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4/7 Use Cases: Web proofs unlock diverse applications across four objectives: • Credentials: Prove your data to a third party • Data Integrity: Improve data accuracy and reliability • Data Portability: Move your data from one platform to another • Data Assets: Monetize your data

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3/7 Enter web proofs. Web proofs allow you to cryptographically authenticate any data you exchange over HTTPS. They ensure: • Authenticity: Your data hasn’t been tampered with. • Provenance: Your data came from a specific source. • Privacy: You only reveal what you want to.

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2/7 The Problem: The current web is built on trust. Users rely on centralized entities to verify data, creating inefficiencies and vulnerabilities. Web proofs aim to replace trust with cryptographic verification of your data.

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1/7 What will the verifiable web look like? Our new report explores the role of web proofs (aka zkTLS) and their potential use cases. What are web proofs and what real-world problems can they solve? 🧵 https://paragraph.xyz/@lemniscap/what-will-the-verifiable-web-look-like

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5/5 We’re proud to support Cytonic’s mission to break down the silos between blockchains, empower developers & drive collaboration, innovation, & adoption across the Web3 ecosystem. Congrats to the team on today’s milestone!

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4/5 Cytonic Co-Founder Ivan Miskovic is driven to make on-chain interactions easier & more efficient for everyone involved, reducing transaction fees & waiting times when moving assets between chains.

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3/5 Recognising the heightened fragmentation across multiple chains that has hindered obstructed Web3 growth, Cytonic is compatible with most blockchains like Bitcoin, Ethereum, & Solana, enabling different transaction types to be processed together in a single block.

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2/5 Developed by MultiVM Labs, Cytonic is an execution layer engineered to address blockchain compatibility challenges, emerging as the first Layer 1 that runs multiple VMS within the same network layer using shared storage.

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1/5 We’re delighted to have co-ed the $8.3M seed round for MultiVM blockchain Cytonic, alongside @latticefund.

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5/5 We are firmly aligned with the team’s mission to support developers & enterprises looking to build high-performance dApps with high-throughput, no latency, scalability & flexibility – critical elements of what will be an increasingly decentralised future.

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4/5 Powered by a throughput of 1 GB per second, HyveDA is addressing growing demand for secure, scalable & cost-effective data availability, operating on a permissionless network, backed by leading infrastructure providers.

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3/5 Paving the way for the next generation of blockchain ecosystems & applications, HyveDA – a fully permissionless data availability layer – is alleviating bottlenecks at both the network & individual component level, meeting the needs of the most ambitious dApps.

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2/5 Given the conveyor belt of dApps and L2 solutions coming to market, the importance of low-overhead & high-throughput data availability is crucial for ensuring the scalability, security, & efficiency of blockchain networks.

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1/5 Lemniscap is proud to have led the $1.85M Pre-Seed Round for the cutting-edge data availability solution Hyve DA.

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15/15 We would like to personally thank these gigabrains for their invaluable feedback on our report: @justindrake at @ethereum Jason Vranek & Amir Forouzani at @puffer-finance @0xjunger at @taikoxyz Murat Akdeniz at @primev Harry Gao at Luban Kaito Yanai & mteam at @spire Francesco Mosterts at @chainbound Josh Bowen at Astria Raghav Agarwal at LongHash Ventures

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14/15 If you're building solutions in these spaces, we'd love to hear from you! Feel free to contact our team directly @roderik @shaishav0x @nicolasantoni @sjors-lemniscap @grisha @blocks or reach out to us by email.

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13/15 Users and developers ultimately seek a single-chain experience, and based preconfs present a promising solution. However, there are notable implementation complexities to be aware of. E.g., we discuss tradeoffs with existing approaches like shared sequencing and appchains.

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