Cross Chain Weekly #35
Su Zhu's leaked pitch deck, the $1bn blockchain fund, & a recap of Polygon's new hard fork
Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter cross chain insider. Just when you thought you’ve seen it all… The founders of bankrupt hedge fund 3AC just teamed up with founders of bankrupt exchange CoinFlex to raise $25M to launch a bankruptcy claims exchange… We’ll let you be the judge on how this will play out. Here’s their leaked pitch deck with one of the most notable team slides we’ve ever seen…
Trigger warning maxis; the future is cross chain, so let’s dive in.
All Eyes Are On… Our Partners
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Academic Dive
Does she love me or does she love me not… Is the bridge trustless or not? If I’ve learned anything, the trustless bridge conversation is not one to bring up at the dinner table! We even had an AMA about this with the Composable team awhile back here. While this argument is bigger than a small newsletter section, we know one thing: trustless bridges will need efficient algorithms for verifying Merkle proofs. But how?
Merkle multi proofs enable space-efficient merkle proofs by re-using the intermediate nodes shared by the proof's leaves during verification.
Big brain Seun Lanlege wrote a research article for verifying Merkle multi proofs in computationally constrained environments. He breaks down the proof schema and everything in the full article here.
Inside the Coalition
News from Outside the Coalition
Funding
Out Run the Rat Race
Binance plans 15%-30% hiring spree in 2023… but is it a PR stunt?
Back at it… 3AC founders pitch to raise $25M for new crypto exchange
Upcoming Events
Web3 Python AMA // Recording, Jan 17, 2023
Inside Jokes
Also Wait… what’s the Cross Chain Coalition?
The Cross Chain Coalition (CCC) is a collective of builders that have united together to educate developers on cross chain infrastructure. The CCC aims to expand awareness and increase education for cross chain development. Join us in our journey to turn every blockchain engineer into a crosschain engineer.