Welcome back to another issue of Vault. Below is everything I read this week from around the crypto and web3 space. I’ve been focusing on the history of cryptography and the innovation happening right now around ZK Proofs. Looking forward to the Merge next month as well, which will hopefully go a long way towards silencing the criticism around Ethereum’s energy use. Finally, I’m watching the cc0 movement in NFTs. Does information truly want to be free?

• Cosmos without Tendermint: Exploring Narwhal and Bullshark [Paradigm]

• BlackRock Offers Bitcoin Investing to Big Institutional Clients [Bloomberg]

• Crypto: How the Code Rebels Beat the Government Saving Privacy in the Digital Age — by Steven Levy

• LP Letter Excerpt [Paradigm]

• Ethereum core developers suggest tentative dates for The Merge [The Block]

• The different types of ZK-EVMs [vitalik.ca]

• Why NFT Creators Are Going cc0 [a16z crypto]

• U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash [U.S. Treasury]

• ‘Crypto and DeFi Won’t Disappear’: Hong Kong Monetary Chief [CoinDesk]

Twitter

david phelps 🐮🏰🃏 @divine_economy

@boz_menzalji more about interchain accounts below—entire sovereign chains that can read and write state to each other. yes.

blog.cosmos.networkInterchain Accounts Take Cosmos Interoperability to the Next LevelInterchain Accounts are here. And they have the power to elevate the Cosmos ecosystem to a whole new level, ramping up interoperability…

7:10 PM ∙ Aug 12, 2022

Adam Sternbach @adamsternbach

I’m quickly becoming a maxi about the need to understand the difference between protocols and front ends in decentralized crypto applications. The ramifications for failing to do so have significant legal, policy, and practical consequences. 1/6

9:42 PM ∙ Aug 11, 2022

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A note:

I’ll be publishing Vault biweekly going forward—in an effort to balance production between Vault, my personal substack (coming soon), and Akash.