Welcome to OpenBuild Dev Digest #27, where we spotlight the Ethereum Foundation’s transformative investment of tens of millions into zkVMs, signaling a major step forward for scalability in Web3.
This week, we also bring you a vibrant lineup of hackathons, ideathons, and the latest industry debates—from Solana vs. ZK scalability to an exploration of MEV competition. Whether you’re looking for opportunities to build, innovate, or engage in thought-provoking discussions, this digest is your gateway to staying ahead in the blockchain space.
Don’t forget about the OpenBuild x Mina and OpenBuild x SmartDeer Challenge Courses — you can still register now!
Let’s dive in!
Taipei Blockchain Week 2024 – Hackathon
📅 November 14 -December 14 📍Online 💸 200,000 USD
Deadline to Apply 2024/12/14 19:00
2024’s theme is “Onboard”, celebrating the pivotal moment where Web3 technology transitions from niche to mainstream, marking a new era of widespread adoption. This year’s hackathon will be focused on shining the spotlight on the latest innovations, strategic adoption and consumer-centric applications across a wide range of ecosystems including Solana, Ethereum and Bitcoin.Join for 1 month + 3 days of hacking, world-class workshops and a science fair inspired demo day! Win prizes, connect with top-notch builders, and get expert feedback from successful founders and VCs.
XION BELIEVATHON
📅 November 21 – December 19 📍Online 💸 40,000 USD
Deadline to Apply 2024/12/16 12:59
XION is the first walletless L1 purpose-built for consumer applications. Its chain abstraction infrastructure enables seamless user experiences for everyday users. Tracks include “Pyramid of Faith” addressing cold start via schemes, “Confession” leveraging ZK for privacy and novel uses, “Esoterism” for top-notch consumer experiences, and “Communion” focusing on cross-chain interoperability. A bonus awaits the project with the finest mobile or TG Mini-App experience, be it native, PWA, or Telegram-based, fostering a rich and competitive Web3 development arena.
OpenLedger Ideathon
📅 December 2 – December 13 📍Online 💸 2,000 USD
Deadline to Apply 2024/12/14 23:59
Create a 5-slide pitch deck for a specialized language model idea + data source, like DataNet for Health – A blockchain-powered platform providing secure, real-time access to anonymized healthcare data, enabling smarter health apps and AI models to improve patient outcomes, $2000 in Prizes + exclusive Stanford connections for winners!
✍️ The Ethereum Foundation is investing tens of millions into zkVMs 👉Read(EN)
The Ethereum Foundation once again caused a stir across the broader market on Friday, revealing that it is investing tens of millions into zkVMs (zero knowledge virtual machines). Justin Drake, a renowned researcher at the organization, revealed this investment strategy. Notably, this investment plan outlined three vital entities that remain poised to leverage the opportunity, per the researcher’s announcement.
✍️ The debate between Solana and zero-knowledge (ZK) technology 👉Read(EN)
There has been a recent buzz around the debate between Solana and zero-knowledge (ZK) technology regarding their practicality for the “end-game” of blockchain scalability. ‘Toly argues that ZK is generally slower than classical computation due to the intensive proof generation process, making it functionally irrelevant for many commercial use cases. However, this may be too rigid of a stance. Client-side proving in ZK is an exciting development with immense potential for scaling. Wei Dai, believes that ZK is essential to scale beyond a singular state machine by enabling each client to run millions of state machines, with sequencers verifying state transitions across them.
✍️ MEV isn’t as competitive as you think👉Read(EN)
Maximum Extractable Value (MEV) has garnered significant attention in the blockchain space, with general opinion being that it’s an intensely competitive field. However, this perception may not be entirely accurate. In this post, I’ll explore why the level of competition in MEV extraction may not be as intense as some perceive it to be and discuss the factors that contribute to this reality. I will also explain the differences between short tail MEV and long tail MEV and how these differences affect competition.
💸 IPOR Bug Bounty
Maximum Bounty $100,000 👉 Apply
Known issue:
- IPOR index value manipulation through AAVE & Compound
- reports reported via github https://github.com/IPOR-Labs/ipor-audit-reports
- The issue with liquidity pools amount equals zero
- asset management relies on the published token exchange rate (gas optimization)
- when opening swaps the asset management holdings are calculated without the interest (gas optimisation)
💸 Hourglass Bug Bounty
Maximum Bounty $50,000 👉 Apply
Hourglass is a protocol that facilitates liquidity for time-bound and semi-fungible tokens. The bug bounty program for Hourglass details rewards by threat level. For smart contracts, critical threats offer $50,000 max and $10,000 min, with rewards based on 10% of directly affected mainnet assets. High threats with primacy of impact have a $10,000 max and $5,000 min. For websites and apps in critical state, rewards range from $5,000 to $1,000.
💸 Ante Finance Bug Bounty
Maximum Bounty $25,000 👉 Apply
AntePool contract consumes unbounded gas aside from (i) known scaling of checkTest gas usage with number of challengers or (ii) due to malicious AnteTests that consume unbounded gas.
Selected open courses from technical skills to practical tasks, accessible to everyone with no cost!
🌟 OpenBuild x Mina Challenge Course
🌟 OpenBuild x SmartDeer Challenge Course
🌟 ZKP FRI And STARK Open Course
OpenBuild is an open-source community and platform for Web3 developers. Our aim is to bring more Web2 developers into the Web3 space while helping existing Web3 developers to better build and achieve commercial success through our products! Join us on more platforms: OpenBuild Linktree
主题测试文章，只做测试使用。发布者：larrrrks，转转请注明出处：https://news.openbuild.xyz/2025/01/15/openbuild-dev-digest-27-ethereum-foundations-10m-zkvm-investment-sparks-innovation/
