When Web3 collides with digital/accelerator: In an era of accelerated technological advancement, what can Crypto do? | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyattdeficryptoRelated: Leading mining pools and computing power ecosystems join the Psy Protocol testnet to jointly build a next-generation PoW smart contract platform.
Psy Protocol announced today that four leading mining pools and computing power ecosystems will join its testnet, a rare occurrence for a brand-new PoW smart contract platform. F2Pool, the world’s largest Dogecoin and Litecoin mining pool, will participate in the test alongside three computing power infrastructure ecosystem partners: GrandCroix, DePIN X Capital, and Codestream. In benchmark tests, Psy will demonstrate a processing capacity of over one million transactions per second. This protocol achieves this through an architecture that pushes proof generation to the edge: users generate zero-knowledge proofs for their own transactions on their local devices, thus eliminating the computational bottleneck typically faced by validators. Miners then verify these proofs and recursively compress them using a proof combination mechanism, folding multiple proofs into a single proof of constant size. This…# Analysis# crypto# defi# ethereum# Market# Tool# web3Pre
Must-watch items next week: Ethereum to undergo Fusaka upgrade; Aztec to launch token sale (December 1-7).Next
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- Among the many technical agendas surrounding Rollup, EIP, and account abstraction, perhaps the most noteworthy is not a protocol upgrade, but rather an issue dedicated to a separate day—d/acc day. ...