Ethereum developers have submitted EIP-5988 to reduce the cost of on-chain reserve proof fees | Binance Morning Report (January 9)

Binance News · 2023-01-09T02:33:15.000Z

Social news: 1. Ethereum developers have submitted EIP-5988 to reduce the cost of on-chain reserve proof fees The eips.ethereum page shows that Ethereum developers have submitted an improvement proposal EIP-5988. It is understood that the proposal introduces a new pre-compiled solution, aiming to improve the efficiency of running zero-knowledge proofs on the Ethereum network and reduce the cost of on-chain reserve proofs based on Merkle proofs. (Daily Planet) 2. The first Ethereum core developers meeting in 2023: The public test network was launched for the Shanghai upgrade in early February, and the mainnet upgrade was launched in March. Ethereum developers held the first All Core Developers (ACD) meeting in 2023 on January 5. Currently, Ethereum developers are aiming to launch a public testnet for the Shanghai/Capella upgrade in early February, with tentative plans to launch the Shanghai upgrade mainnet sometime in March 2023. (Daily Planet)

Community News:
1. Ethereum developers have submitted EIP-5988 to reduce the cost of on-chain reserve proof fees
The eips.ethereum page shows that Ethereum developers have submitted an improvement proposal EIP-5988. It is understood that the proposal introduces a new pre-compilation solution that aims to improve the efficiency of running zero-knowledge proofs on the Ethereum network and reduce the cost of reserve proofs such as Merkle proofs on the chain. (Planet Daily)
2. The first Ethereum core developer meeting in 2023: the public beta network will be launched for the Shanghai upgrade in early February, and the main network upgrade will be launched in March
Ethereum developers held the first All Core Developers (ACD) meeting in 2023 on January 5. Currently, Ethereum developers aim to launch a public testnet for the Shanghai/Capella upgrade in early February, and tentatively launch the Shanghai upgrade mainnet sometime in March 2023. (Planet Daily)
 
Industry News:
1. Indian lending platform KreditBee completes USD 200 million Series D financing, with participation from Japan’s Mitsubishi UFJ Financial Group and others
Indian fintech lending platform KreditBee has completed a $200 million Series D financing. The new funds will be used to expand the scale of existing businesses and diversify products by entering into digital financial products. (Finextra)
 
Policies and Regulations:
1. Romania conducted 17 raids last fall to investigate crypto tax evasion
According to local media, Romanian police and tax officials conducted 17 raids last fall on parties accused of evading taxes by concealing profits from cryptocurrency trading. (Bitcoin.com)