Web3 Summit 2025, JAM has a large space and new ideas "zkJAM“ The Web3 Summit will be held in Berlin from July 16th to 18th @Gavofwork delivers a speech on @ Polkadot: The Road to the Future Let's take a look at the following topics: -JAM delivery: Focusing on the delivery of JAM, which may be a certain product or technology. -JAM Governance: Discuss the governance structure of JAM. -ZK R&D: related to the research and development of zero knowledge technology. -Fiscal discipline: Ensuring financial sustainability and management. -Privacy Protection: Emphasize the importance of protecting user privacy in the technology ecosystem. -Popularizing Web3 Po (P)/P: Privacy and protocol issues related to Web3. -Web3 oracle service: Extend Web3's oracle service. -Web3 Frontier: Establish decentralized nodes or sites for Web3. -Stablecoins: The development or regulation of stablecoins. Summary core points, detailed self review of slides: -JAM delivery 1) Version 0.7.1 is about to be released: The new version 0.7.1 is currently under development and is expected to be completed in August. 2) Expected to start auditing this year: System or security audits are expected to begin this year 3) JAM Basic SDK Released: JAM's Basic Development Kit (SDK) has been released -JAM Governance 1) Gray Paper Editorial Board (GPEB) will be established immediately: Gavin plans to establish an editorial board for Gray Paper 2) GPEB will hold regular meetings to discuss the direction and priorities of the agreement: the editorial committee will hold regular meetings to discuss the future development direction and priorities of the agreement 3) GPEB is composed of the most capable and useful individuals: the editorial committee members will be composed of the most technically capable and valuable individuals 4) The relationship between Polkadot governance and JAM: Polkadot governance will determine whether its underlying protocol is based on the JAM version 5) Other networks can also adopt JAM: Other networks can also decide whether to use JAM, and if Polkadot does not agree with this direction, it can choose to migrate to other protocols 6) As long as Polkadot is based on JAM, I expect Polkadot to contribute to the maintenance of JAM: as long as Polkadot is based on JAM, I expect Polkadot to contribute to the ongoing maintenance of JAM -zkJAM 1) Based on hardware costs that are 4126 times more expensive than traditional methods: using zero knowledge proofs to generate correctness increases hardware costs by 4126 times compared to traditional Elves methods 2) Empirical Study on the Feasibility of zkJAM 3) The cost of zk is decreasing and still 10-100 times higher than Elves, possibly even more, considering the lack of settlement/storage/finality 4) (Short term strategy) Develop a JAM zk service framework based on STARK (avoiding the Growh16 SNARK phase) 5) (Short term strategy) Focus on storing proofs because PVM computing speed is fast 6) (Mid term strategy) Collaborate, support, and develop optimized proof generation tools (as the most advanced technology is closed source). Pay special attention to PVM execution proof, distributed proof generation, and a modular open system that can keep up with the latest technology. 7) (Long term strategy) Develop JAM into multiple security, providing a good level of security with Elves/PopJAM while maintaining the lowest marginal cost, while zkPopJAM provides "ultimate" security but with a linear increase in cost. Using recursive zk proof for settlement/JAM to ensure proof correctness -Security 1） Polkadot， Approximately 500 million yuan is spent annually on safety, far exceeding core time sales revenue 2) It is difficult to estimate how many have remained in the economy, but we know that many pledgers are forced to liquidate in high tax jurisdictions 3) Long term major structural deficits are usually unacceptable 4) Reduce expenses, initially from $500m to $90m, remove nominal fines Raise verification threshold, OpenGov KYC/interview, anonymous self staker Fixed fiat currency rewards are given to validators (e.g. $5k per month), and fixed flat rewards are given to stakers (e.g. 3% for $1m staking), which OpenGov can set. 5) Imagine setting the maximum total amount of π x 1000000000 for Polkadot in the JAM genesis block (during the discussion stage), accompanied by a decay in the issuance curve, gradually decreasing every two years. -Discussion on decentralized stablecoins, please refer to the slides for details Slide address: https://(x.com)/arice_und-bob/status/1945489330970964381