Credible setting ceremony, and what kind of immortal translation?
As soon as I posted this, I found that a blockbuster project that is about to be TGE@union_build is making publicity, saying that its trusted setup ceremony has set a record for the largest number of participants in blockchain history, with a total of 4,664 verified contributors, surpassing Manta Network's record in 2023, and 4,590 contributors in the queue.
hold on hold on...... I probably understand what I'm saying, but what is this credible setting ceremony of yours?
It turns out that the Trusted Setup Ceremony is the literal translation of Trusted Setup Ceremony, my old swan, I really don't turn at all, and I've never been to Chengdu? I'll definitely treat you today and change the translation.
Isn't this a groundbreaking ceremony?
Union wants to connect all ecosystems (L1, L2, Rollup, AppChain), compatible with all languages (Solidity, Move, Babylon, Cosmos...) ), without relying on validators, oracles, or multi-signatures, how does that work? The answer is: ZK, ZeroKnowledge Proof.
Zero-knowledge proves that we have popularised science, it is not zero IQ, it is really a existence in cryptography, in layman's terms, that is, you can prove that you know a secret, but you don't need to tell others what the secret is, and the other party can still believe in one of your technologies.
But this zero-knowledge proof also needs to be launched first, and a group of people have to come in and establish a basic parameter first, and these people work together to generate safe and reliable public parameters in order to achieve the function that Union wants. This process is called the Trusted Setup Ceremony, and I suggest translating it as "Founding Ceremony".
Union set this record and also promote, where is the cow? More than 4,000 people started blowing? There are 400 million people in Monod. No, this is not a head-brushing interaction, it is a top-level cryptography feast.
How to put it, it's like if you organise a "global chicken eating competition" and call 10,000 people to sign up, but only 10 people can play the game, and the rest are all novices, so can the game be good? No, rookies pecking at each other, pointless! Union's groundbreaking ceremony was like inviting more than 4,000 "pros", each of whom contributed high-quality password parameters, elevating Union's chicken contest to a position that has never been seen before and is difficult for those who come after to follow.
More people means a more secure proof network, more complex technical coordination, and more valuable community support, so this record is really awesome, comparable to breaking the world record at the Olympics, proving that Union is absolutely strong in this field. Otherwise, it would not have won a $15 million Series A top-tier institutional financing soon, and more than 50 projects such as Berachain, Polygon, Sui, and Avalanche were on buidl.
To sum it up in one sentence:
Union plays cross-chain, which is more widely compatible than LayerZero, more decentralised than Wormhole, and simpler and lighter than Axelar.
Now Union is about to TGE, if you must benchmark, you can take a look at the $SOPH of the same ZK track, which has been on the BN spot, you can focus on it.
I hope @union_build can consider my translation, and if it is adopted, remember to send me a Grant, and I will give my teachers a lottery.
That's all, bye-bye.
The main culprit hindering the popularisation of blockchain is the stretched Chinese level of practitioners:
▰ Atomic interoperability
▰ Fully homomorphic encryption
▰ Proof of attribution
▰ Chain abstraction
Do you want to take a second look, what are you all talking about? Can your parents read it? Can your cousin and second uncle understand?
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