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106 Followers
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Conclusion Lit Network nodes are running inside Trusted Execution Environment(TEE), where each node contains set of key shares and working in concert, reaching consensus to perform operations such as signing or decrypting data.
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Fundraising Lit has raised $15.2M in 2022 within two rounds, Seed and Series A, lead by 1kx and Sfermion. In 2025, they’ve raised $1.5M through token sale on Legion platform.
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Wrapped keys supports different cryptographic algorithms as Ed25519, Taproot etc., that provides compatibility with different blockchains. Lit Agent Wallet is infrastructure for creating autonomous agents, which can be used to perform actions safely without centralized key management.
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Use Cases Lit Protocol allows to create a Universal accounts, which can be used in any chain like Bitcoin, Solana etc. The private keys are managed by Lit Network and these wallets are always non-custodial.
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There are a lot of opportunities for developers to build secure, decentralized applications that preserve user privacy, provide control over data and supports cross-chain interoperability.
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Lit is using Multi-party computatios(MPC) and TSS (Threshold Signature Scheme) to divide parts of private key among network nodes. Lit allows ecnrypt data and give access to it only if user meet some conditions, for example token hold.
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Encryption is matter in Web3 world and Lit Protocol expanding it to simple users and developers. The network is created to provide safe signing, encryption and data processing without centralized mediators.
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This event is organized to bring developers, government leaders, tech corporations and a vibrant startup ecosystem in one place. A lot of speakers from Orochi and others will come there to talk about Web3 innovations and future of AI.
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The most excited Blockchain & AI Week will take a place in Da Nang, Vietnam, in June, and co-organized by Orichi, DSAC, FPT and VnExpress.
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Intoduction the Orochi Network – it is blockchain platform that creates Verifiable Data Infrastructure to provide processing and proving data without compromising confidentiality.
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Orochi is a part of Monad Ecosystem. They are using such cryptographic technologies as Zero-Knowledge Proofs, Multi-Party Computations, Fully-Homomorphic Encryption and Trusted Execution Environments.
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Is this new era for Web3? Let’s see what is Metablockchain and how is it works, what problems does it have.
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In Anatoliy’s opininon, Metatransactions could take a place on Solana, but contains latest block titles.
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Anatoly Yakovenko has proposed to create Metablockchain – agreggator that unites transactions from Ethereum, Solana, Celestia and other chains. It allows to reduce fees using the most profitable DA(Data Availability).
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Global re-execution is a real problem in blockchains, because every node must re-execute transaction to reach a consensus level. But Boundless fixing it by integrating Zero-knowledge to every chain.
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What is the main problem of re-execution? Every blockchain have the slowest node, which underperforming another faster nodes. So if needs to execute something more difficult, it introduces high gas cost.
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Confidential ERC-20 tokens using FHE, what allows computation to keep it private and don’t decrypt a data.
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Encryption is more and more breaks in Web3, @inconetwork and @circle has created a framework to wrap your ERC-20 assets in cERC-20 to create confidentiality and hide amount of transferred tokens.
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The process is simple: user wraps ERC-20 asset into cERC-20 and this token can be transferred with hidden amount, balance thanks to FHE.
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Important cases: Private AMM and Dark Pools – make a assets swap with hidden transaction volume that secures from front-running.
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