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$ETH fees dropping again. Great time to explore DeFi #Ethereum

$SOL ecosystem growing fast. Hard to ignore #Solana #Crypto

JUST IN: BlackRock to launch tokenized money-market funds on Ethereum.

The halving cycle never lies. Patience = profits #Bitcoin

$300 in 12 hrs Follow @wadoozie & RT this. Simple, post eth addy, post proofs, via xpicker

$ETH fees dropping again. Great time to explore DeFi #Ethereum

Another day bullish on crypto. DYOR and hold tight #Crypto #BTC

$BTC holding strong. Are you accumulating or waiting? #Bitcoin #Crypto

Web3 is still early. Those who see it will win #Crypto #Web3

✨ Some of you may think we went silent because we stopped working on ION. We didn’t. As we said weeks ago, we are still here, still building, and still fighting to put the project back on the right path. Yes, the team is smaller now. But I still believe this team is capable of doing something powerful once the work we’ve been doing is ready to be shown publicly. In the past, you were used to weekly bulletins, timelines, updates, and constant transparency. That changes now. We will no longer share every step, every internal milestone, or every expected timeline before things are ready. We learned the hard way that too much transparency can sometimes create more damage than trust, especially when technical delays happen and people turn unfinished work into FUD. This period may look difficult from the outside, but I believe it will make the community stronger. It will separate the noise from the believers, the bad mouths from the builders, and the short-term panic from the long-term vision. Our focus now is simple: build products that generate real revenue, so we never end up in this position again. Big changes are coming. The website will be updated. The whitepaper will be updated. And when the time is right, the new direction will be clear. One lesson I learned personally: never brag before the product is ready. If what we are building was easy, everyone would have done it already. Right now, words will not convince everyone. And that is fine. Because if our plan works and we execute it properly, the results will speak louder than any post. We are not building only for crypto users. We are building something that can scale beyond crypto, cheaper, faster, and with real utility. Silence does not mean surrender. It means focus. Zeus

I was recently at Real World Crypto (that's crypto as in cryptography) and the associated side events, and one thing that struck me was that it was a clarifying experience in terms of understanding *what blockchains are for*. We blockchain people (myself included) often have a tendency to start off from the perspective that we are Ethereum, and therefore we need to go around and find use cases for Ethereum - and generate arguments for why sticking Ethereum into all kinds of places is beneficial. But recently I have been thinking from a different perspective. For a moment, let us forget that we are "the Ethereum community". Rather, we are maintainers of the Ethereum tool, and members of the {CROPS (censorship-resistant, open-source, private, secure) tech | sanctuary tech | non-corposlop tech | d/acc | ...} community. Going in with zero attachment to Ethereum specifically, and entering a context (like RWC) where there are people with in-principle aligned values but no blockchain baggage, can we re-derive from zero in what places Ethereum adds the most value? From attending the events, the first answer that comes up is actually not what you think. It's not smart contracts, it's not even payments. It's what cryptographers call a "public bulletin board". See, lots of cryptographic protocols - including secure online voting, secure software and website version control, certificate revocation... - all require some publicly writable and readable place where people can post blobs of data. This does not require any computation functionality. In fact, it does not directly require money - though it does _indirectly_ require money, because if you want permissionless anti-spam it has to be economic. The only thing it _fundamentally_ requires is data availability. And it just so happened that Ethereum recently did an upgrade (PeerDAS) to increase the amount of data availability it provides by 2.3x, with a path to going another 10-100x higher! Next, payments. Many protocols require payments for many reasons. Some things need to be charged for to reduce spam. Other things because they are services provided by someone who expends resources and needs to be compensated. If you want a permissionless API that does not get spammed to death, you need payments. And Ethereum + ZK payment channels (eg. ethresear.ch/t/zk-api-usage… ) is one of the best payment systems for APIs you can come up with. If you are making a private and secure application (eg. a messenger, or many other things), and you do not want to let people to spam the system by creating a million accounts and then uploading a gigabyte-sized video on each one, you need sybil resistance, and if you care about security and privacy, you really should care about permissionless participation (ie. don't have mandatory phone number dependency). ETH payment as anti-sybil tool is a natural backstop in such use cases. Finally, smart contracts. One major use case is _security deposits_: ETH put into lockboxes that provably get destroyed if a proof is submitted that the owner violated some protocol rule. Another is actually implementing things like ZK payment channels. A third is making it easy to have pointers to "digital objects" that represent some socially defined external entity (not necessarily an RWA!), and for those pointers to interact with each other. *Technically*, for every use case other than use cases handling ETH itself, the smart contracts are "just a convenience": you could just use the chain as a bulletin board, and use ZK-SNARKs to provide the results of any computations over it. But in practice, standardizing such things is hard, and you get the most interoperability if you just take the same mechanism that enables programs to control ETH, and let other digital objects use it too. And from here, we start getting into a huge number of potential applications, including all of the things happening in defi. --- So yes, Ethereum has a lot of value, that you can see from first principles if you take a step back and see it purely as a technical tool: global shared memory. I suspect that a big bottleneck to seeing more of this kind of usage is that the world has not yet updated to the fact that we are no longer in 2020-22, fees are now extremely low, and we have a much stronger scaling roadmap to make sure that they will continue to stay low, even if much higher levels of usage return. Infrastructure for not exposing fee volatility to users is much more mature (eg. one way to do this for many use cases is to just operate a blob publisher). Ethereum blobs as a bulletin board, ETH as an asset and universal-backup means of payment, and Ethereum smart contracts as a shared programming layer, all make total sense as part of a decentralized, private and secure open source software stack. But we should continue to improve the Ethereum protocol and infrastructure so that it's actually effective in all of these situations.

🚨 We want to address a security incident that has recently come to our attention and provide full clarity to the community. On April 15, one individual gained unauthorized access to an identity database server and illegally exported data. We have since received credible information, including direct evidence shared by a well-known member of the community, confirming that parts of this data were further distributed to third parties. The individuals involved were not directly employed by Ice Labs. As mentioned in the past, Ice Labs worked with a third-party service provider that handled part of the operational side of the project, including coordination of development, design, product, and PR resources. The individuals responsible for this incident were part of that service provider’s team. We have identified the individuals involved, and four former collaborators acted together in breaching their contractual confidentiality obligations and illegally sharing sensitive data. We have already initiated formal proceedings, including a complaint filed with the Information Commissioner’s Office (ICO) and a criminal complaint with law enforcement authorities, to ensure that all responsible parties are held fully accountable. It is important to clearly state what this incident does and does not impact. User funds are safe. At no point were private keys, access credentials, or any information that could allow unauthorized access to user funds compromised. The affected data includes identity key names, associated public keys, email addresses, and phone numbers used for 2FA. As a precaution, we strongly recommend that all users update their 2FA settings, including both email and phone-based authentication methods. We are treating this matter with the highest level of seriousness and will pursue it to the fullest extent of the law. As we have done before, including successfully defending our name in legal proceedings against Intercontinental Exchange in the United States, we will take all necessary steps to ensure that those responsible are held accountable. At the same time, this situation does not impact the continuation of the project. Development, product rollout, and ecosystem expansion continue without interruption. Our focus remains on building, delivering, and growing the Ice Open Network ecosystem. As an additional measure, tomorrow we will run a migration on Online+ to further increase the security level. During this process, the platform may be temporarily unavailable or experience loading issues. We will continue to provide updates as the situation progresses.

Fusaka will fix this. But also, safety first is of the utmost importance for Fusaka. The core feature, PeerDAS, is trying to do something pretty unprecedented: have a live blockchain that does not require any single node to download the full data. The way PeerDAS works is that each node only asks for a small number of "chunks", as a way of probabilistically verifying that more than 50% of chunks are available. If more than 50% of chunks are available, then the node theoretically can download those chunks, and use erasure coding to recover the rest. In the first version, there are two cases where the full data of a block still needs to exist in one place: (i) initial broadcasting, (ii) reconstruction, in case a publisher publishes 50% <= p < 100% of a block. But these roles are untrusted: we only need one honest actor to do them, if there are also 100 dishonest actors the protocol simply bypasses them. And different nodes can perform this task for different blocks. In the future, cell-level messaging and distributed block building will allow even these two functions to be distributed. This is all new technology, and the core devs are wise to be super cautious on testing, even after they have been working on this for years. This is also why the blob count will increase conservatively at first, and then become more aggressive over time. But it is the key to L2 scaling (and eventually L1 scaling, once the L1 gas limit goes high enough that we have to put L1 exec data into blobs)

$BTC holding strong. Are you accumulating or waiting? #Bitcoin #Crypto

Bear markets build champions. Bull markets reward them #BTC

Another day bullish on crypto. DYOR and hold tight #Crypto #BTC

$ETH fees dropping again. Great time to explore DeFi #Ethereum

The halving cycle never lies. Patience = profits #Bitcoin

JUST IN: 🇯🇵 Japan to tokenize government bonds on blockchain.