🪞 Vitalik Muses on How PoS Could Have Come Sooner

Hello Defiers! Here’s what we’re covering today:

News

• Vitalik Muses on How PoS Could Have Come Sooner
• Polygon Taps Zero-Knowledge Proofs to Enhance Privacy for Users

DeFi Primers

• How to Add Fantom to MetaMask

Podcast

🎙Listen to this week’s podcast episode with Ken Seiff:

Video

• First Look: Testnet Turbo Booster - DeFiLlama Token Faucet

Elsewhere

• Sequoia, FTX Ventures And A16z Lead $135 Million Investment In Crypto Firm Breaking Down Barriers Between Blockchains: Forbes
• Can Avalanche Win Over Wall Street and 'Degens' Alike?: CoinDesk
• Solana Surges as NFT Trading Rises 80% Following OpenSea Reveal: Decrypt
• 1/ Origin Launch Week starts now!: Axie Infinity
• We’ve got massive news. We are excited to announce we are adding support for several major blockchain ecosystems: Opera

Trending in The Defiant

• Do Kwon’s Treasury Play Allies LUNA and BTC Maxis in a Pumped Market
• OpenSea Adds Solana to Its Quiver of Networks
• Axie Infinity’s Ronin Bridge Exploited For More Than $600M

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Proof of Stake

🪞 Vitalik Muses on How PoS Could Have Come Sooner

With The Merge Coming Ethereum's Chief Scientist and Muse Takes Stock

By Samuel Haig

EVOLUTION All eyes are on Ethereum’s coming transition to Proof of Stake (PoS) consensus. It’s a historic moment in the history of crypto. Vitalik Buterin, Ethereum’s co-founder and muse, weighed in this week with his thoughts on what’s to come, and poignantly, the significance of decisions not made in the network’s evolution.

CHAIN MERGE In an article titled ‘The Roads Not Taken’ and published on March 29, Buterin acknowledges that the move to PoS could have happened much earlier in the network’s lifespan. The chain merge between Ethereum’s mainnet and the Eth2 beacon chain, dubbed The Merge, is expected to reduce new Ether emissions by 90% and cut the network’s energy consumption by more than 99% by doing away with Proof of Work (PoW) consensus.

COMPLEX AND SIMPLE Vitalik argues that Ethereum’s greatest challenges and criticisms have emerged from the difficulty of balancing two contradictory visions. To hear Buterin tell it, Ethereum must be “a highly performant and functional platform for building advanced applications” but also a “pure and simple blockchain.” In other words, complex and simple at the same time.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Zero-Knowledge Proofs

💠 Polygon Taps Zero-Knowledge Proofs to Enhance Privacy for Users

Polygon Plans to Use ZK for New Wallet App

By Samuel Haig

NEWS On March 29, Polygon unveiled an identity service as the latest addition to its upcoming suite of zero-knowledge (ZK) proofs, the project announced in an official blog post.

VALIDATE Zero-knowledge-based protocols bolster privacy by allowing blockchain networks to validate transactions without disclosing data other than time and date on the blockchain. Only the entities involved in a transaction can access further details regarding a transaction.

SANCTITY The move is designed to let users transact on Ethereum but protect the sanctity of their personal information in a much greater way than they can now. As for Polygon, offering a rich variety of ZK-based protocols positions the team as a front-runner in the technology that it and many others believe will define how blockchains are used in the future.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Primer

👻 How to Add Fantom to MetaMask

A Step-by-Step Guide to Using Two Key DeFi Protocols Together

By Arya Ghobadi

LOW FEES Fantom was launched in 2019 by South Korean blockchain development scientists, Ahn Byung Ik, and Matthew Hur. It’s another second generation smart contract platform that offers high scalability and extremely low fees. The developers of Fantom claim that smart contract interactions on the network have been reduced to a maximum of two seconds waiting time.

METAMASK This is a step-by-step guide on how to add Fantom to MetaMask. Read more! MetaMask supports Ethereum and all of the ERC20 tokens, such as Tether, MANA, DAI, and the Uniswap token. But we can add specific tokens or Blockchains to the MetaMask manually, even if they aren’t officially supported or immediately compatible. Read more about MetaMask here.

TWO WAYS There are two ways to add the Fantom network to MetaMask. First we will explain the simple one. Go to the SushiSwap website and Click Enter App:

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

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The Tube

📺 First Look: Testnet Turbo Booster - DeFiLlama Token Faucet

Elsewhere

🔗 Sequoia, FTX Ventures And A16z Lead $135 Million Investment In Crypto Firm Breaking Down Barriers Between Blockchains: Forbes

‘The future is multichain’ has become crypto’s latest favorite refrain.

🔗 Can Avalanche Win Over Wall Street and 'Degens' Alike?: CoinDesk

To the crypto-conscious, blockchain industry conferences have become annual pilgrimages of sorts, drawing each chain’s respective believers to multi-day extravaganzas in exotic locales around the world.

🔗 Solana Surges as NFT Trading Rises 80% Following OpenSea Reveal: Decrypt

It’s been a relatively calm day for the cryptocurrency market, with the wider market up less than 2% over the past 24 hours. But in the top 10 coins by market cap, Solana is rising well above the rest right now.

Axie Infinity🦇🔊 @AxieInfinity1/ Origin Launch Week starts now! We have a full schedule of leeks & events planned over the next seven days, culminating with the alpha launch of Axie Infinity: Origin on April 7th! Full article 👇 axie.substack.com/p/originsoftla…

axie.substack.comOrigin Launch Week Starts Now!Axie Infinity: Origin will be available to play via Mavis Hub on April 7th2:52 AM ∙ Mar 31, 20223,060Likes1,092Retweets

Opera Crypto @Opera_Crypto🚨We’ve got massive news.🚨 We are excited to announce we are adding support for several major blockchain ecosystems, including @solana, @0xPolygon, StarkEx by @StarkWareLtd, @CeloOrg, @NervosNetwork, @ixoworld, and @Bitcoin! opr.as/xduh

8:47 AM ∙ Mar 30, 2022799Likes202Retweets

Trending in The Defiant

• Do Kwon’s Treasury Play Allies LUNA and BTC Maxis in a Pumped MarketEarlier this month, Terra ecosystem co-founder Do Kwon bet $11M that its token, LUNA, would be higher a year from its March 14 price of $88.
• OpenSea Adds Solana to Its Quiver of NetworksOpenSea is already the No. 1 NFT marketplace with $2.3B in monthly volume. Now it may be about to get a lot bigger.
• Axie Infinity’s Ronin Bridge Exploited For More Than $600MThe Ronin Bridge that connects Axie Infinity’s Ronin sidechain to Ethereum has been drained of 173,600 ETH ($590M) and 25.5M USDC in what may be DeFi’s biggest exploit yet.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

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