# Сопутствующие статьи по теме Decentralization

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Decentralization", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Why is Ethereum Urgently Needing ZK-ification?

The article discusses the urgent need for Ethereum to adopt zero-knowledge (ZK) technology as a core narrative for its future development. While Ethereum previously focused on ICOs, DeFi, and being a global financial settlement layer, it now lacks a compelling new narrative. ZK technology is highlighted as a critical solution, with Ethereum being the blockchain most invested in its development. ZK-EVM has reached the Alpha stage, a milestone celebrated by Vitalik Buterin. The primary motivation for ZK integration is to maintain Ethereum’s decentralization while improving scalability. Currently, increasing the Gas limit boosts TPS but raises node operation costs, potentially centralizing the network. ZK proofs allow nodes to verify transactions efficiently without expensive hardware upgrades, similar to automated exam grading versus manual checking. ZK itself doesn’t directly increase TPS but enables future Gas limit hikes with minimal node cost increases. The recent Fusaka upgrade, including PeerDAS, advances this goal. A ZK-powered Ethereum could achieve over 1000 TPS, strengthening its narrative. The article also addresses the role of third-party ZK teams (e.g., Polygon, Scroll, ZKsync, Taiko), which remain crucial for innovation and testing different ZK-EVM types (Type 1 to 4). ZK-VMs, like Brevis, are noted for higher performance and diversity, as they aren’t constrained by EVM compatibility. While ZK L1 may attract some L2 users, it also benefits L2s by reducing costs and improving foundational infrastructure. In summary, Ethereum’s ZK transformation, after years of development, is entering a critical phase, driven by collaborative efforts between Ethereum and external ZK projects.

marsbit01/13 00:37

Why is Ethereum Urgently Needing ZK-ification?

marsbit01/13 00:37

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

Telegram's recent unaudited financials reveal a paradox: soaring revenues accompanied by net losses. In H1 2025, revenue surged 65% year-over-year to $870 million, driven by an 88% jump in premium subscriptions ($223 million) and a key partnership with the TON blockchain, which contributed nearly $300 million. Despite an operating profit of nearly $400 million, the company reported a net loss of $222 million. This was primarily due to a significant write-down of its TON token holdings, whose value fell over 73% during the crypto market downturn. A major point of controversy was Telegram's sale of over $450 million worth of TON tokens, representing more than 10% of the token's circulating supply. Community concerns about a cash grab were addressed by TONStrategy Chairman Manuel Stotz, who clarified that the sales were to long-term investors like his NASDAQ-listed firm TONX. The tokens are subject to a four-year vesting period to prevent immediate selling pressure. Founder Pavel Durov framed this as part of a strategy to decentralization, aiming to keep Telegram's ownership of TON below 10% to avoid centralization concerns. Telegram's path to a potential IPO is being watched closely. The company has raised significant capital through bonds, including a recent $1.7 billion convertible note with terms favorable to investors if an IPO occurs before 2030. However, an ongoing legal investigation in France involving Durov presents a potential obstacle. With nearly 1 billion monthly active users, Telegram's deep integration with the volatile crypto ecosystem remains a double-edged sword—a major growth driver but also a source of financial risk—that investors must weigh.

链捕手01/10 14:46

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

链捕手01/10 14:46

Penetrating the Noise of Ethereum's 'Degeneration': Why is 'Ethereum Values' the Widest Moat?

Amidst recent debates questioning Ethereum's perceived "regression" compared to high-performance blockchains, this article argues that Ethereum’s core strength lies in its foundational values—decentralization, censorship resistance, and long-term reliability—rather than short-term efficiency. While other chains prioritize speed through centralized trade-offs, Ethereum emphasizes resilience under worst-case conditions. It has never experienced a full-network outage or rollback in nearly a decade of operation. This resilience stems from deliberate design choices: avoiding hardware centralization, maintaining low node operation costs, and ensuring ordinary users can verify the chain. The concept of "Ethereum Alignment" is clarified not as blind loyalty but as a multidimensional social contract involving technical alignment (using Ethereum’s consensus and open standards), economic alignment (value accrual to ETH), and ideological alignment (public good over extractive growth). Ethereum’s slower evolution reflects a conscious trade-off: performance improvements must integrate with existing security assumptions without compromising decentralization or censorship resistance. Despite criticism, growing ETH staking numbers indicate continued trust in its model. In essence, Ethereum’s “conservative” is strategic—prioritizing sustainable trust over temporary gains, making its value proposition the widest moat in Web3.

marsbit01/09 10:40

Penetrating the Noise of Ethereum's 'Degeneration': Why is 'Ethereum Values' the Widest Moat?

marsbit01/09 10:40

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