eF needs to sell a ton of secure block space and scalability is going to play a very important role here. And the reason is that it's going to lead to this illiquidity multiplier to kick in by a factor of roughly 10 X was what we can expect in the best case. It just turns out empirically that societal illusions or myths are extremely valuable in society. Money is one of these society solutions, which is just incredibly useful just like the legal system or nation states or religion.
In this episode, Anna explores the concept of Ultrasound Money with Justin Drake from the Ethereum Foundation. They kick off with updates on his work in VDFs, MEV and censorship resistance, alongside his particular interests in ZK and how the progress VRFs have made can be applied in Ethereum’s POS architecture. They then dive into the original concept of Ultrasound Money and where Justin sees it progressing to in the future, including the current status around issuance.
Here are some additional links for this episode:
RISC Zero announce the next version of their ZKVM is now available on GitHub at github.com/risc0
Today’s episode is sponsored by Mina Protocol
The need for private, trustless solutions is clear. A new era of ZK powered decentralized applications is coming – and Mina is the place to build them.
Introducing Mina’s zkIgnite Cohort 0, where developers complete tutorials and build zero knowledge apps, or zkApps, and get rewarded. There are a quarter-of-a-million MINA tokens up for grabs for zkIgnite Cohort 0 participants.
Cohort 0 is finishing soon so head to minaprotocol.com/zkpodcast to get involved today.
If you are tuning in to this podcast later, no worries! Mina will be launching additional zkIgnite Cohorts, just head to minaprotocol.com/zkpodcast to check out the best way to get involved.
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