Decentralization

COVID-19: Decentralization the norm as workplaces adjust to new normal

2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy. Around the world, countries have been forced to shut down their local economies, with people having to shelter in place in order to observe the social distancing …

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Ethereum still not ready for DeFi, say some critics

As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for DeFi, the current capabilities of the network …

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Spikes in gas prices slowing growth of new NFT marketplaces

High gas prices have become a problem for non-fungible token (NFT) marketplaces, especially as they look to mint at scale, the founder of a start-up said.  Sean Papanikolas, founder of NFT marketplace Cargo, told Cointelegraph in an interview that the NFT sector is at an inflection point. But scalability weighs on new players in the …

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Crypto crimes are no excuse for taking away digital asset fungibility

The modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many levels and disrupt them in the blink of an eye, shaping things on a global level to an extent yet not seen.  Even though we …

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Inside the blockchain developer’s mind: The governance crisis

This is Part 3 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 2 on the vertical scaling crisis here. Upgradeability, vertical scaling and governance: What all three of these issues have in common …

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Uniswap Users Say Uniting Can Strengthen UNI

A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance. Yet that is what the launch of UNI last week was supposed to do. The big initiative being promoted by this “union” is UNI …

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The reasons why I left a comfortable government job for crypto

I thought we were the good guys when I worked in operations security for the Austrian government. After I learned how trivial it was for certain institutions or people in certain positions to fetch all the data related to citizens, I quickly began to understand how privacy had been under siege for probably 100 years. …

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The battle between DeFi, CeFi and the old guard

We aren’t taught real economics in school. We learn, instead, voodoo economics. For example, rarely — if ever — do professors present us with the valuable insights highlighted by the Austrian school of economics.  Individuals, therefore, need to break their conditioning to understand how the financial world works. The truth of how the financial system …

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Dash is evolving into a decentralized cloud cryptocurrency

Payments-focused cryptocurrency Dash is starting to release insights into its new platform, which enables data to be stored within the network in the form of decentralized cloud service. The forthcoming Dash Platform has been developed from longstanding ideas to evolve the cryptocurrency’s functionalities — dating back to the announcement of “Dash Evolution” back in 2015. …

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OKEx goes all in on Uniswap’s new token amid soaring DeFi fees

Crypto exchange OKEx added Uniswap’s new UNI token to the array of assets offered on its platform, in addition to trading products around the asset.  “Not only has OKEx added support for spot trading of UNI, but it is also providing its users with the most comprehensive range of trading products for this hot DeFi …

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