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ZK-SNARKs: The Future of Blockchain

Posted on by Subh Rath

Zk-SNARKs have established themselves as a ‘Swiss army knife’ for blockchain and distributed ledgers, with applications in privacy, interoperability, and scalability.

Zero-knowledge proofs (ZKPs) have been utilized to enable applications ranging from verifiable outsourced computing to anonymous credentials in various scenarios that demand a balance of privacy and integrity. 

ZKPs allow one party to demonstrate to another that a particular statement or claim is true without disclosing the contents of that statement. The usage of ZKPs in several on-chain use cases aids in the resolution of privacy, interoperability, and scalability challenges.

Blockchain is the solution to many real-world problems, but it has inherent restrictions, which can create consumer concerns over time. It has the potential to hurt not only the blockchain network but also the participants in the ecosystem.

For example, the Bitcoin blockchain is increasing by the day, and it is currently more than 300GB in size, making it hard to handle using a low-end device. As a result, many miners face ceased mining, resulting in the centralization of Bitcoin mining. When Bitcoin becomes centralized, the controller can modify blocks and thus transactions, which is not good.

However, zk-SNARK is resolving this issue. zk-SNARK, which stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, is a digital certificate that can verify anything without giving the knowledge, and it uses the zk-SNARK MINA protocol to create a 22kb blockchain.

How Does ZK-SNARK Work? 

Compared to the blockchain, zk-SNARK can be considered a virtual certificate that is generated every time a new block is created by replacing the previous one. For example, a blockchain can generate three blocks: block 1, block 2, and block 3. 

For the first block, zk-SNARK 1 is generated with a size of 22kb, then for the second block, zk-SNARK 2 is generated with a size of 22kb, and zk-SNARKS 1 + zk-SNARK 2 combine to generate a single 22kb zkSNARK. 

After block3 generates zk-SNARK3 of 22kb, it joins with the previous zk-SNARK of 22kb to generate a single zk-SNARK of 22kb. As a result, as a miner, you no longer need to verify blocks 1, 2, or 3, but only the last zk-SNARK, saving you time, effort, and energy.

The main advantage of zk-SNARK is that it can minimize the size of the blockchain to only 22kb. As a result, the size of the blockchain will never grow, and we will never face any blockchain size-related issues, and any light-end device may be a blockchain node, allowing us to take advantage of all the benefits that blockchain offers.

zk-SNARK aids in data protection by never disclosing your data when you connect to a third party but allowing you to verify anything you desire. Assume you go to the internet to open an account, and the party asks you for your information. 

Then, in lieu of data, you supply zk-SNARK of your data to demonstrate that you have a legitimate name and address but do not need to expose them. SNARK-powered applications can assist us in protecting thousands of data streams emanating from your family’s gadgets.

This is just one example of how zk-SNARK resolves the issues that blockchain fails to handle. So far, many more Web 3.0 solutions are being introduced with the help of zk-SNARK.

In conclusion, experts believe zk-SNARK will take over blockchain in the next 10 years. 

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Weekly Crypto News for the Last Week of April 2023

Posted on by Subh Rath

Artificial intelligence has enormous promise as it becomes more integrated into our lives, from cell phones to ChatGPT. Considering this, the AI world is witnessing constant and frequent advancements.

The latest update for the last week of April 2023 contains significant breakthroughs and announcements in data science, machine learning, and artificial intelligence. Let’s go ahead and explore some prominent AI news updates. 

AI News Key Highlights:

  • Stanford has issued their yearly AI Index Report for 2023, which highlights, among other things, how much AI research has moved from academia to industry and quantifies the field’s growth over the last decade.
  • With its revolutionary v5 picture generation model, Midjourney (an independent research lab) has taken the world by storm. Adobe is developing competitive solutions for its creative suite, but it appears they are failing to achieve comparable quality since they are more cautious with training data to avoid accidentally using copyrighted data. Runway, the company behind Stable Diffusion, has been promoting its new video generation tool Gen 2, for quite some time.

Also Read: Solana Labs AI Can Now Fetch Blockchain Data With its ChatGPT Plugin

  • GitHub has released Copilot X, a major update to Copilot that includes chat and voice interface capabilities, support for pull request completions, question answering on documentation, and the adoption of GPT-4.
  • During their most recent developer conference, Nvidia announced their efforts to become the leading foundry for large foundation models. Clients will be able to define the model they wish to train, and Nvidia will train the model for them using their infrastructure and expertise. Meanwhile, Google has detailed its latest TPU v4 accelerators in a new paper.
  • Researchers from Zhejiang University and Microsoft Research Asia have published a paper that investigates using large language models (LLMs) as a controller to govern current AI models available in communities such as Hugging Face.
  • With the release of the Amazon Bedrock and Titan foundation models, AWS announced its entry into the generative AI competition. Amazon intends to democratize access to generative AI technology by serving clients from various sectors and use cases. This game-changing invention establishes Amazon as a serious rival in the fast-expanding AI business.
  • Visual ChatGPT, a chatbot system that can generate and alter visuals in response to human verbal prompts, was recently open-sourced by Microsoft Research. The system blends OpenAI’s ChatGPT with 22 alternative visual foundation models (VFM) to facilitate multi-modal interactions.
  • StableLM is a new open-source language model from Stability AI. The model’s Alpha version is available in 3 billion and 7 billion parameter versions, with 15 billion to 65 billion parameter models to come. Under the CC BY-SA-4.0 license rules, developers are permitted to inspect, use, and alter our StableLM base models for commercial or research purposes.

Also Read: Crypto and AI: Make the Most of Crypto & Telegram with the AiravatBot Limited Beta

For More crypto and AI news updates, follow Cryptoiscoming.com

Match Announces Its Testnet with DEX and Bridge

Posted on by Subh Rath

Match Chain, a layer1 social graph with Cosmos-level interoperability, is pleased to announce the launch of its highly-anticipated testnet with a decentralized exchange (DEX) and a Bridge. This is a major milestone for Match, and an essential step towards the growth and development of its blockchain ecosystem.

The DEX will allow users to trade a variety of cryptocurrencies directly on the blockchain, with no intermediaries or central authorities involved. This will provide a secure and efficient way for users to exchange their assets, and will enhance the liquidity and accessibility of the Match Chain.

The bridge offers a simple, contemporary, and secure means of transferring assets across various networks. Acting as a connection between EVM-based blockchains such as Ethereum, Polygon, and Binance Smart Chain, and Match, it seeks to encompass Layer 2 solutions like Arbitrum and Optimism, as well as facilitate NFT transfers in the upcoming future.

Both the DEX and the bridge are key components of Match’s vision to create a comprehensive and robust blockchain ecosystem that offers a wide range of services and features to its users. By integrating these tools on its testnet, Match is taking a significant step towards achieving this goal.

The integration of the DEX and bridge has been made possible by the hard work and dedication of the Match team, their collaborator as well as the support and contributions of the wider blockchain community. Match would like to express its gratitude to all those who have been involved in this project, and looks forward to continuing to work together to build a decentralized, connected future.

FiLDA, a cutting-edge lending/borrowing protocol, will explore further with Match to leverage the innovative technology of the Match Chain to provide a streamlined and secure lending and borrowing experience to the users. The platform is set to provide a safe and secure environment with fast transactions and low fees. With this bold step in sight, Match is confident in its ability to drive innovation and growth, and to deliver tangible value to its users.

For more information on the Match chain, what they do and how to connect with Match, visit:

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AIO Exchange Will Be Launching Soon, Here’s Everything You Need To Know

Posted on by Subh Rath

Cryptocurrencies have become exceedingly popular, with a wide range of crypto exchanges publicly available today. With that in mind, users can trade a variety of digital assets on AIO Exchange, including Bitcoin, Ethereum, Litecoin, and 4,000 others, thereby making AIO the largest public CEX.

Users are welcomed into this impressive platform which offers one-click trading across over 16 top crypto exchanges with a dashboard which shows the current market prices for multiple cryptocurrencies, in addition to a variety of trading tools and resources, when they visit the site.

What makes AIO Exchange so special?

Typically, exchanges have differing prices, fees and blockchains accessible to their users, which makes it difficult and overwhelming to properly navigate through all of the various features. More importantly, there isn’t a public solution at the moment which enables users to successfully trade on other CEXs at ease. This is where AIO comes into play, as the award winning exchange re-defines orders by enabling users to deposit, trade, and withdraw to the best exchange with a single click. The exchange provides a detailed breakdown of the estimated cost, including deposit-withdrawal chains and settlement times. Moreover, its algorithm considers exchange processing time and advanced users can even tailor their quote to execute on a single or multiple exchanges.

Additionally, users can track their orders until they are completed. There is also no need to log in to individual exchanges or deal with any kind of email approvals, as the entire transaction and ordering procedure will be handled by AIO. Lastly, the total fees consist of the corresponding exchange  deposit, withdrawal, and an AIO fee.

What does AIO Exchange offer?

AIO Exchange, also known as the ‘Exchange Built On Other Exchanges,’ is a one-stop exchange solution with connectivity to over 16 exchanges. Users can choose from a variety of liquid exchanges to use, or if they desire, the system can choose the best price from among them all. Other useful features include combining orderbook, transaction, exchange, and blockchain data on a single platform for maximum flexibility, accessibility, and convenience.

One of AIO Exchange’s most notable features is its advanced trading interface, which offers customers an array of useful tools to assist them in making informed trading decisions. The cutting-edge platform includes charting tools, price information, and much more. Besides that, AIO Exchange allows users to create custom trading pairs, giving them greater control and flexibility over their trades.

In addition , AIO Exchange enables many arbitrage choices in the markets. Essentially, this refers to the action of buying and selling the same asset on two different exchanges to make a return via the price difference. With AIO, users can connect up to 16+ top exchanges which makes it a highly effective tool for people to arbitrage in just a single click, making it both highly accessible and convenient.

The AIO Exchange Token

Users who own AIO Exchange tokens effectively own a portion of AIO Exchange, entitling them to a portion of all transaction and withdrawal fees. In the fourth quarter of 2023, instant settlement orders will power high-reward staking and other benefits.

AIO Exchange tokens serve as the exchange’s backbone, directly supporting the world’s most diverse exchange platform. The ecosystem requires AIO to fund transactions through the cheapest of the platform’s 16+ exchanges. Elsewhere, withdrawal fees and transactions account for 90% of AIO Token profit distribution. The remaining 10% will be used to cover operating expenses. Note, the minimum amount required to receive the profit distribution is 100 AIO tokens. This is to ensure that the transaction fee processing is worthwhile, and to encourage the minimum holding.

AIO Exchange tokens are also Solana-based (SPL), allowing for lightning-fast transactions and maximum ecosystem flexibility. The tokens have a fixed supply of 100 million, but the team intends to distribute more tokens on other blockchains in the future to address some of Solana’s flaws and integrate new features. This will be accomplished through a 1:1 burn:mint ratio, which will ensure that the fixed supply of AIO tokens across all blockchains remains at 100 million.

What else does AIO Exchange offer?

To enable low-cost, high-speed transactions and thousands of tokens, AIO Exchange operates on a variety of blockchains. It supports multi-chain tokens, which means that a token does not have to be exchanged on its own network. In fact, AIO allows for multi-chain transactions. Also, to further minimize transaction speeds, AIO hosts dedicated infrastructure and full-nodes for the more congested blockchains (including Bitcoin, BitcoinCash, and Litecoin).

For API users and those who make frequent withdrawals, the AIO Exchange Wallet offers low and competitive transaction fees, making it a viable option. It also offers quick transaction speeds, which are essential for regular traders, arbitrageurs, and merchants.

AIO Exchange uses dedicated node infrastructure and proprietary technology to provide quick total settlement times at a low cost. It is also very secure because, unlike the vast majority of exchanges, AIO does not have a single private key for any two (or more) of its wallets, which means the exchange does not share keys for any transactions which are not securely encrypted and compiled in code. This also means that even if one wallet key is compromised, none of the others would be affected.

About AIO Exchange

AIO Exchange is a product and trading name of Edward Sharp and Co Limited CR-381861, which is registered under the Company Register Act in the Cayman Islands and the United Kingdom. The team has been silently developing the project for 2 years. The website is user-friendly, with a clean and modern interface that’s simple to navigate.

Aside from the services listed above, AIO is the inaugural crypto exchange platform to offer crypto-dividends directly to users’ cold wallets. It is also the world’s first public platform which aggregates this many exchanges. For comparison, Fireblocks offers similar tools but is limited and not public. 

In addition to earning USDT profits from the exchange, users can also earn fiat currency profits from the exchange. Furthermore, the AIO Exchange API should be utilized because of its capabilities linked with connectivity, power, abstraction, and dedicated blockchain RPC nodes.

The all-encompassing exchange pays out frequent, timely dividends and the payouts can also be obtained on a weekly basis. Users can also see a detailed breakdown of when they will receive their tokens and the minimum payouts through the website. Lastly, profits from the exchange are distributed directly to AIO Token holders in proportion to their ownership of the total supply.

For more information and regular updates, visit the official website, roadmap, and the Instagram, Telegram, and Twitter channels.

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Microsoft Edge Takes Its Users into the Blockchain World by Testing a Built-In Crypto Wallet 

Posted on by Subh Rath

Microsoft is developing a built-in non-custodial Ethereum crypto wallet on Microsoft Edge. this crypto wallet will allow its users to send and receive cryptocurrency and NFTs directly from the browser. 

Microsoft Edge, a browser developed in 2015 by one of the leading global software companies, Microsoft, became home to the latest laptops and computers launched soon after its release. Today, Microsoft Edge is one of the most popular browsers used globally. 

According to the first tweet about this Microsoft Edge update posted by Microsoft sleuth Albacore on March 17, the users are questioning how this new feature will impact the default browser usage. 

Now if you have a computer or laptop of recent age, which is quite common, we’re sure Microsoft Edge is your go-to smooth, powerful, and user-friendly browser for all things browsing. 

But with this popular browser testing its built-in Ethereum crypto wallet, it’s taking the users into the Web3 metaverse. This wallet will be non-custodial, excluding the counterparty risk of accessing your decentralized wallet’s private key and storing cryptocurrency. 

Hence, whether you’re familiar with using crypto wallets or this will be your first time stepping into the decentralized fund managing wallet – Microsoft Edge has your back with the utmost security and efficiency coming with the wallet they are developing. 

The Limited Testing Phase of Microsoft Edge’s New Crypto Wallet

Since Microsoft Edge’s crypto wallet is currently in its limited testing phase, it is only available to Microsoft Edge Dev Channel users. 

Among the limited users that tested this new feature, BleepingComputer shared the working features of this wallet. 

Key Highlights of the Wallet: 

  • During onboarding, you have to create a password to protect your assets. If you forget its password, you must also enter a 12-word recovery phrase to restore your crypto wallet.
  • Following completion of the onboarding procedure, the wallet produces an Ethereum address, allowing you to receive funds via the Ethereum network.
  • You can share public keys with others using the wallet to receive payments. However, it advises keeping private keys a secret, which you can use to authorize transactions when spending your money.
  • Microsoft Edge’s Crypto Wallet, like other cryptocurrency wallets, enables numerous Ethereum accounts and allows you to move between them as needed.
  • The Edge crypto wallet may also link to decentralized apps (dApps) and has a news section to stay up with the newest cryptocurrency developments.

For testers and users of this new feature, Microsoft Edge also offers the feasibility of choosing the crypto wallet as their default built-in or extension wallet with the Edge browser. Redmond also plans to offer Bitcoin wallet support in the future. 

Currently, to promote additional crypto-based solutions to browser users, Microsoft has also partnered with Consensys. As a result of this partnership, the platform is developing a cryptocurrency swap feature between Dai Stablecoin, Ethereum, Uniswap, Tether Coin, and USD Coin.

Also Read: Microsoft is testing a modern Windows 11 volume mixer

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