Haichen Shen

The neodollar has arrived. USX will be stable, spendable, and offer 10-15% yield

See you soon at the ZKONNECT

6/ Privacy doesn’t need to be hard, slow, or expensive. Cloak makes it practical. Stay tuned — a Cloak-enabled product will be available for everyone soon.

5/ Cloak combines the scalability of Scroll with the assurance of zk proofs and the usability of modern fintech: - Private yet auditable - Secure yet composable - Fast, affordable, and compliant

1/ Most on-chain privacy solutions today live on the edges — specialized networks, mixers, or ZK apps that sacrifice usability and composability. But privacy shouldn’t be a niche feature. It should be a default property of the blockchain economy. That’s why we built Cloak.

@0xsecondsample The USX hasn't been minted yet. You can pre-deposit USDC at usx.capital. The USX will be live in early November, and everyone will be able to swap for USX on its website.

@shenhaichen where is the swap for USX on the scroll site? also, the frontend for the ecosystem page needs some love. almost like the page doesn't have anything; the dapps are listed at the very bottom - hard to notice nice selection but lose the space and move it up for better viz 💡

the (closest) perfect stablecoin - USX

@NeerajKA USX will become the first stablecoin that comes with private & gasless transfers x.com/Scroll_ZKP/sta…

@NeerajKA Scroll is working on the Cloak, a practical private blockchain solution. It will become production-ready soon. x.com/Scroll_ZKP/sta…

Who is making stablecoins private?

@dankrad Congrats on your new journey!

I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto, where we have finally seen the outlines of our vision being materialized. While payments used to be front and center in the early days of crypto, I see a special opportunity to finally achieve this ambitious goal with relentless execution on both the technical and distribution fronts. I believe that the real world moment is now, and I want to make sure we do not miss this window to touch normal people’s lives everywhere in the world. I have dedicated the past several years to architecting and scaling blockchains, and I’m excited to leverage my learnings together with the very strong team being assembled at Tempo. My journey in Ethereum first started when I began working with the EF research team in 2018, and later joining full time in 2019. The project has greatly matured since then and with the soon coming Fusaka upgrade will implement PeerDAS, a significant scaling milestone I am proud to have contributed to. I am very happy to have played a role in leading to more people being able to use Ethereum and I look forward to continuing being able to do that. Over the last year, I have been involved in advancing Ethereum Foundation’s strategy and roadmap and I will remain a research advisor to the three strategic initiatives (Scale L1, Scale Blobs, Improve UX) at the Protocol Cluster at the EF. Ethereum has a strong set of values and technical choices that make it unique in the world. And Tempo will be a great complement, built using similar technology and values, whilst being able to push the boundaries on scale and speed. I believe that this will be of great benefit to Ethereum. Tempo’s open-source technology can easily integrate back into Ethereum, benefiting the entire ecosystem. Ethereum and Tempo are strongly aligned, as they are built with the same permissionless ideals in mind. I am looking forward to staying involved with the community and continuing to push Ethereum forward!

USX pre-deposits are live now. The perfect neodollar is closer to your hands

.@Scroll_ZKP will bring practical privacy to web3 world soon. Privacy is for everyone

@_weidai Scroll’s Cloak is well suited for building a private perp dex x.com/Scroll_ZKP/sta…

Perp dex but with privacy. Who's building this? Can be either type of privacy: - unlinkability of orders & trades, but with a good liquidation engine (ideally configurable cross-margin) - dark pools (Yes, I expect usage of TEEs for this.)

Cloak delivers practical privacy for blockchains — Web2-level UX with private, secure, and low-cost transactions. Enterprises can finally move their business on-chain with confidence and compliance.

@punk6052 1. It depends on the customer's needs. Cloak is designed to be flexible. It can be as lightweight as a coprocessor or become a full-fledged L2. 2. Data will be stored privately, either in a centralized setup or via a DAC.

@shenhaichen Thanks for chipping in and congrats on being one of the few Stage 1 L2s. A few questions: 1. is Cloak centralised and/or permissioned? 2. who has control over the data and/or is able to censor transactions?