Colosseum Codex: Arcium Testnet, Crossmint Smart Wallets, Superteam Talent

🤐 Arcium Private Testnet

Arcium is a decentralized, encrypted platform designed to overcome the transparency challenges of blockchains like Solana. 

Arcium introduces a modular private compute network that enables shared private state, allowing multiple parties to compute on encrypted data without ever exposing the underlying plaintext. 

This breakthrough is achieved through the use of Multi-Party Computation (MPC), where independent nodes collaborate to execute computations securely. 

Built around a decentralized encrypted platform, Arcium’s architecture is divided into several key components.

• ArxOS: Arcium’s distributed operating system coordinates the network’s nodes and clusters, similar to a traditional operating system's cores and processes.
• MXEs (Multi-Party eXecution Environments): These are configurable virtual environments where encrypted computations occur in parallel. MXEs can be either persistent or single-use, depending on the application’s requirements.
• Arcis Framework: A Rust-based developer toolkit, Arcis lets developers create secure MPC circuits by “masking” standard data types, ensuring that sensitive computations remain encrypted.

By integrating directly with Solana via extensions to the Anchor framework, Arcium makes it straightforward for developers to incorporate confidential computations into their applications, creating a path for solutions in areas like dark pool trading, private AI, and secure gaming.

Solana developers can leverage Arcium to build encrypted on-chain order books, confidential trading systems, and other privacy-preserving applications that combine security with high performance.

Cohort 2 of the Private Testnet is now open for Solana builders and teams, with access granted on a rolling basis.

Arcium: Privacy 2.0 for Solana

👛 Crossmint Smart Wallets

Solana Smart Wallets from Crossmint are a new generation of programmable wallets designed for mass adoption. 

Unlike traditional embedded wallets that mainly secure a private key with social logins, these smart wallets are built as programmable smart contracts, delivering significant UX and security improvements. 

They eliminate transaction approval prompts and the need for seeds or private keys that can be lost, making them more robust and user-friendly for both everyday users and enterprise-grade applications.

Developers can deploy these wallets with as little as 10 lines of code, while also benefiting from a wide variety of signers, including passkeys, social logins, MPC, and even external wallets like Phantom. 

The process involves setting up a developer account, obtaining an API key with the appropriate scopes, choosing the desired wallet type, and then deploying the wallet through provided code samples. 

Solana Smart Wallets offer a secure and scalable wallet infrastructure that opens new possibilities for developers.

Introducing Solana Embedded Smart Wallets

⭐ Highlights of the Week

Superteam Talent
Superteam Talent is a community-powered recruiting agency connecting skilled developers, marketers, and designers with leading projects, while offering job placement support, a scout-to-earn program, and community rewards that reinvest in local talent.

Solana Multisig Security (OtterSec)
In light of the recent Bybit hack, this article explores Solana’s unique dual signature model, using short-lived recent blockhashes and longer-lived durable nonces, how these methods impact multisig security, and proposes a sequential signing procedure that minimizes the risk of unauthorized transactions.

State of Solana DePIN in the APAC region 2024 (Edidiong Uwemedimo)
The article explores the growth and potential of DePIN in the APAC region, highlighting how Solana serves as a foundation for innovative projects like DeCharge, a decentralized EV charging solution, and how local developer communities are driving decentralized solutions in physical infrastructure.

⚡ Quick Hits

The ultimate guide to building the future of financial services - @SimkinStepan

List of Resources to Understand the SVM - @0xcastle_chain

Comprehensive Video Tutorials on Solana and Anchor - SolanaTutorials

Solana Stablecoins: The What, Where & How of Putting Your Capital to Work - @8bitpenis

How to build an app on Solana that transfers tokens [Video] - Bri Migliaccio

Certora Formal Verification Engine Goes Open Source - Certora

Tokenized time platform Time.fun goes live on Solana - The Block

Introducing Range's Advanced Multisig Security Solution - Range

Why Wingbits Chose Solana: Building the Future of Flight Tracking - Wingbits

⚙️ Tools & Resources

TukTuk is a decentralized, permissionless crank service designed for Solana that allows you to schedule and trigger smart contract endpoints at specific times or based on events without needing extensive permission checks.

Solana RpcX is a Cloudflare worker that extends Solana RPC with account parsing capabilities through rpcX methods that enable automatic parsing for any accounts with an on-chain IDL.

💸 Funding

• Phantom has acquired SimpleHash, a token and NFT data platform to integrate its real-time, multi-chain data capabilities into Phantom’s service. SimpleHash's team will join Phantom, and its existing services for customers will be discontinued.

👩‍🔧 Get Hired

• Orca is hiring a Software Engineer (Backend) to build out their backend services and infrastructure.
• Arka is hiring a Web3 Engineer to develop and maintain blockchain dApps.
• Cube Group is hiring a SR Software Engineer to develop and maintain critical systems that power Cube.
• Parity Finance is hiring a Full Stack Engineer (Solana Experience) to build the apps that power their liquid staking and trading platform.

📅 Event Calendar

Solana APEX - Cape Town, Cape Town, South Africa, Mar 28
Solana APEX is a one-day conference for founders to learn about and showcase innovative applications and tokens within the Solana ecosystem. The event features talks, panels, and workshops led by industry pioneers, and offers networking opportunities with potential investors and other Solana teams.

🎧 Listen to This

Seb Montgomery

In this episode, Seb sits down with Colosseum co-founder Matty Tay to dive into Colosseum, the new Eternal hackathon, and how Colosseum has evolved into a catalyst for bringing builders into the Solana ecosystem. 

They cover the origins of Colosseum , the challenges early developers faced on Solana, and how the ongoing Eternal hackathon offers a flexible, four week sprint for teams to develop and submit projects. 

Matty explains the process, from creating a builder account and accessing key resources, to weekly updates, judging, the possibility of accelerator funding, and shares success stories from past hackathons. 

They also touch on key strategies for finding the right co-founder, ensuring sustained development throughout the sprint, and the broader impact of these initiatives on building a robust Solana ecosystem.

How to Join the Eternal Hackathon & Build on Solana

Bonus Episodes

Futarchy Deep Dive: Can Markets Make Better Decisions? | Proph3t - Bell Curve

In this episode, Proph3t from MetaDAO explores futarchy, its potential, manipulation concerns, liquidity attraction, its connection to prediction markets, historical criticism, and how MetaDAO’s mission aligns with the future of crypto.

From YC to Crypto: The Startup Journey of Jupiter’s Co Founder - 100xDevs

Siong, co-founder of Jupiter, recounts his journey from building on Ethereum and discovering Solana’s potential to scaling Jupiter into a crypto super app, and offers valuable insights on product development, company growth, and managing infrastructure at scale.

Increase Bandwidth, Reduce Latency w/ Mateo Ward and Andrew McConnell (Malbec Labs) - Validated

Austin Federa discusses his new venture DoubleZero with co-founders Andrew McConnell and Matteo Ward. They discuss the necessity of creating high-performance networking specifically tailored for blockchains, the limitations of the public internet, the importance of a purpose-built network, and how DoubleZero provides decentralized connectivity for blockchain validators.

Follow @mikehale on X or Warpcast!

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