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THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR Crypto

YOUR DEFINITIVE GUIDE TO ZKVMS

This article compared six leading zkVMs (SP1, RISC0, Jolt, Delphinus, Nexus, and Powdr) across eight cryptographic algorithms, evaluating both performance metrics and developer experience. SP1 and RISC0 are the most mature solutions, with SP1 taking a slight lead due to its extensive precompile support and lower cycle counts, while both platforms offered reliable prover networks and strong documentation. While zkVMs are making zero-knowledge proofs more accessible to developers, there are current limitations including resource-intensive proving requirements and the continued performance advantage of custom circuits for specific use cases.

DAOS 2.0

With the proliferation of AI agents, we are nearing a new version of DAOs that aligns with Vitalik Buterin's original vision of “automation at the center, humans at the edges.” This evolution is exemplified by projects like Clanker, which enables token launching through natural language, and Botto, which creates AI-generated artwork and uses human intervention to decide which art to sell. While AI-driven DAOs show clear promise in areas with deterministic data like trading and content creation, they still face limitations in tasks requiring long-term planning.

TORNADO CASH AND THE LIMITS OF MONEY TRANSMISSION (1 HOUR READ)

This article challenges the DOJ's attempt to classify Tornado Cash as an unlicensed money transmitting business under 18 U.S.C. § 1960, arguing that the statute's broad interpretation contradicts Supreme Court precedent and FinCEN guidance, which emphasize "control" as a key factor in money transmission. By applying Section 1960 to Tornado Cash's non-custodial, decentralized smart contracts, the DOJ risks prosecutorial overreach, potentially stifling innovation and privacy tools in blockchain technology.

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