Issue #015: ZK proofs, TWAP trades and ENS names

The most important metric for measuring crypto's adoption is active users.

Here are three smart contracts on Ethereum that have had strong user growth recently πŸ‘‡


Protocol #1

Telepathy: UUPSProxy

Chain: Ethereum

Telepathy is a bridge protocol that allows developers to read Ethereum state on any other chain.

Unlike many cross-chain bridges that rely on centralized actors, such as multisigs held by a small group of validators, Telepathy takes a different approach to security.

Telepathy validates information about Ethereum state by using zkSNARKs to verify Ethereum validator signatures on-chain. So you don't need to trust a centralised actor to behave fairly.

This contract is used to send and receive cross-chain messages.

β€Œβ€ŒWhat's next?

Most of the usage on this contract is probably airdrop farming, but the Telepathy team is working on an important problem.

More than $2.6B has been lost in bridge hacks, with $863M of that amount being lost in hacks where private keys were stolen from centralized parties. I'd like to see greater adoption of trustless bridging solutions like zk-bridging.


Protocol #2