News

  • Bankless: Top 10 Browser Wallet Ranking WalletConnect Highest Score

    Many of us remember the days when crypto wallets didn’t have many options. Now, we have a lot of options! Below is an analysis and review of 10 browser-based crypto wallets by William M. Peaster, Bankless professional writer and creator of Metaversal, to explore whether Metamask has lost its dominance of browser wallets? Top 10 Browser Wallets First things first: Browser wallets are encrypted wallets used through a web browser. For most people, the first thing that comes to mind when they see the word “browser wallet” is a browser extension…

    2022-06-23 News
  • Tonight Shen Nanpeng chatted with Dalio for an hour

    The edited transcript of the conversation is here. Tonight (June 23), Bridgewater founder Rui Dalio and Sequoia Global Managing Partner Shen Nanpeng had an online conversation on Douyin at the invitation of CITIC Publishing Group. These two investors with world-class influence are also participants who have successfully passed through several economic cycles. In this one-hour conversation, Shen Nanpeng and Rui Dalio started from the latter’s new work “Principles: Responding to a Changing World Order”, discussing the historical cycle, current situation, investment trends, technology entrepreneurship and Topics such as the Chinese market…

    2022-06-23 News
  • Bankless: A quick look at the pros and cons of the top 10 browser wallets

    WalletConnect is the best product overall, followed by MetaMask. First things first: Browser wallets are crypto wallets designed to be used through a web browser. For most of us, when we see “browser wallets” we think of browser extension projects like MetaMask that people can download directly into browsers like Chrome, Brave, etc. But there are many more projects. In addition to wallet extensions, there are various browser-centric services that fall under the category of “browser wallets”. So, which one provides the most value? To answer this question, I reviewed 10 different…

    2022-06-23 News
  • An overview of the Web3 decentralized storage ecosystem

    If we want to go further in the decentralized internet, we will ultimately need these three pillars: consensus, storage, and computation. If humanity succeeds in decentralizing these three domains, we will embark on the next stage of the Internet’s journey: Web3. Figure 1: Examples of projects for each Web3 pillar Storage, as the second pillar, is maturing rapidly, and various storage solutions have been applied to usage scenarios. In this article, the pillar of decentralized storage will be explored further. This article is a summary of the full length, which…

    2022-06-23 News
  • Analyze the visual evolution of on-chain data from ADAM

    The essence of blockchain technology is to turn data into objective facts and code into a system. Open and transparent on-chain data and self-executing smart contracts are valuable assets brought by the development of the industry. The blockchain exposes all on-chain behaviors to the sun, and whether it can be properly utilized will be a major topic for the development of the industry. In fact, there are many ways to process the data on the chain itself, such as off-chain exchange and on-chain smart contracts to exchange data. Essentially, any data between public…

    News 2022-06-23
  • Small talk: what the hell happened to 3AC?

    Last week, the collapse of Three Arrows Capital, a fund that once had more than $10 billion in assets under management, is now a debtor. How did this all happen? Will this spill over to other crypto funds and companies? What does this mean for the future of cryptocurrencies? Let’s take a look today. What is 3AC? Before diving into what’s going on, we need to understand the fund’s background. 3AC was founded in 2012 by Su Zuhou and Carl Davis. They started 3AC with $1.2 million in capital, and their first…

    News 2022-06-23
  • Three Arrows Capital Internal Collapse and the Lessons It Has Taught Crypto

    Three Arrows Capital (3AC) collapsed just a month after Terra collapsed. The collapse of the two crypto giants in such a short period of time has put the market in one of its most volatile positions to date. The collapse of Luna caused repercussions in the market, and 3AC was also greatly affected by it. 3AC’s collapse The Luna debacle initially seemed isolated, with institutional investors losing billions. However, the weeks after the crash will show that its effects are more widespread than initially expected . One of the troubles is 3AC. The crypto fund was a direct…

    News 2022-06-23
  • Physical assets on-chain achieve large-scale breakthroughs in Ant Chain energy industry on-chain equipment exceeded 5 million

    The industrial blockchain has achieved new breakthroughs and verified the feasibility in large-scale commercial use, and fusion technology is the key point of this breakthrough. The reporter learned today from Ant Chain, a subsidiary of Ant Group, that through the integration and exploration of blockchain + IoT technology, it has taken the lead in achieving a breakthrough of 5 million “on-chain” devices in the new energy industry, mainly covering new energy vehicles, solar photovoltaics, new Energy battery, etc. Industry insiders said that this shows that the credible digitization of physical…

    News 2022-06-23
  • dYdX “escapes” Ethereum

    On June 23, dYdX announced that it will transfer to the Cosmos ecosystem, and will develop a custom application chain based on the Cosmos SDK, and implement the migration in the upcoming dYdX V4 version. This may be the first time that a well-known Ethereum-native DeFi application in the industry has chosen to flee. The founder Antonio’s words are meaningful: “When choosing a chain, I think people should not think about what kind of users this chain has, but what kind of product experience this chain can achieve.” The application layer…

    2022-06-23 Ethereum News
  • Play to Earn or Play to Ponzi?

    Editor’s note: “As the two-year bull market has come to an end in an unusually tragic manner recently, many concepts and projects that were created and touted in this cycle have also begun to cool down. So, these once star products really Are they useless? What valuable experiences will their success or failure experience leave the industry? In the near future, I plan to use 3 to 4 articles to review and focus on reflecting on several key tracks or business models in this cycle. “ Since the birth of Axie Infinity’s…

    News 2022-06-23
  • The Pillars of Web3: An Overview of the Decentralized Storage Ecosystem

    Filecoin, Arweave, Storj, Crust Network, Sia and Swarm, which is the best decentralized storage solution? If we want to go further in the decentralized internet, we will ultimately need these three pillars: consensus, storage, and computation. If humanity succeeds in decentralizing these three domains, we will embark on the next stage of the Internet’s journey: Web3. Figure 1: Examples of projects for each Web3 pillar Storage, as the second pillar, is maturing rapidly, and various storage solutions have been applied to usage scenarios. In this article, the pillar of decentralized…

    2022-06-23 News
  • A year in El Salvador: BTC spewing from a volcano, wealth or disaster?

    El Salvador has been the arena for monetary experiments. In 2001, the U.S. dollar became the country’s only legal tender. On June 9, 2021, the Congress of El Salvador officially voted to pass the Bitcoin Act, becoming the first country in the world to declare Bitcoin as legal tender, causing a sensation in the entire crypto industry and even the traditional financial industry. It has been a year since El Salvador’s Congress passed the Bitcoin Act, during which the country has proposed a series of plans such as building a Bitcoin City,…

    News 2022-06-23
  • The new specification is released and the data market is about to be on the right track

    For a long time, the development direction of the digital collection market has been relatively vague, and now this situation is expected to change! Entering 2022, the number of digital collection platforms has skyrocketed, reaching more than 500 so far. At the same time, relevant policy norms and industry self-discipline conventions have also been released one after another. Although they have played a guiding role to a certain extent, they still need to be improved. On June 17, the inaugural meeting of the national digital cultural and creative regulatory ecological matrix…

    2022-06-23
  • Explain in detail the value source and design method of functional tokens

    A trend of X to earn is gradually being sought after by everyone. Unfortunately, the token designs of many systems are not very successful. There are many reasons for this, but one of the most important reasons is brainless coins: simply giving users tokens because they use the platform. Such designs often lead to imbalances in the economic system and use the wrong incentives to cause users to misbehave. A good token system should have the following two characteristics: Tokens are meant to incentivize the achievement of goals, not the goals themselves . Your goal can…

    News 2022-06-23
  • US Defense Agency Report: Blockchain is not as decentralized as you think

    According to Trail of Bits, distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought. The security firm released a report on Tuesday titled “Is Blockchain Decentralized?” commissioned by the U.S. government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains, including Bitcoin and Ethereum, are truly decentralized, although the report appears to focus primarily on Bitcoin. Among its main findings, the security firm found outdated bitcoin nodes, unencrypted blockchain mining pools and most unencrypted bitcoin network…

    News 2022-06-22
  • Key Points of Powell’s Hearing on the First Day: Interest Rates Need to Continue to Raise, Cryptocurrencies Need Better Regulation

    On June 22, local time, Federal Reserve Chairman Powell testified before the U.S. Senate Banking Committee on the semi-annual monetary policy report. Powell said the Fed’s fight against inflation could allow it to raise interest rates high enough to cause a recession. Here are the main takeaways from the first day of Powell’s hearing: About the rate hike: Powell: In the next few months, we will be looking for convincing evidence that inflation is falling, consistent with inflation falling back to 2%. We expect continued rate hikes to be appropriate for now. The pace…

    News 2022-06-22
  • What will happen next in the crypto market amid a bear market?

    You have realized that you are in a bear market. You may have lost more money in the past few weeks/months than you have been in a long time. As it turns out, not only is the loss figure going up, but if it sounds like a Ponzi scheme and tweets like a brash bastard, it might really be a Ponzi scheme. When a bear market happens, everyone wants to talk about something, and the crash day of cryptocurrencies sends everyone into a panic and out of the industry. The most important…

    2022-06-22
  • Contradictory complex Web3 piracy and “open” entanglement

    All contradictions stem from too slow development. Web3 based on blockchain computing may not be as good as imagined in terms of right confirmation and data protection. In recent foreign media reports, Moti Levy, CEO of DeviantArt, the world’s largest platform for displaying and sharing various art creations (with over 70 million registered users), said that when the Web3 revolution hits, DeviantArt is also making corresponding Change, as the vanguard of the Web3 era, NFT is naturally the object of DeviantArt’s attention. At present, the platform has indexed over 400 million…

    News 2022-06-22
  • Why do DAOs need better decentralized identity tools?

    To fully unlock the potential of DAO, decentralized identity tools are inseparable. This article was written before the publication of Buterin’s DeSoc paper, but it also focuses on the entanglement between web3’s anonymity, privacy, and the user’s true identity. In addition to expounding the importance of decentralized identity tools to DAO organizations, the author also introduced promising concepts and architectures such as “Soul-bound NFT”, Human Proof, Proof of Existence, and Spruce ID mentioned earlier by Buterin. DAOs are driven by communities, but who exactly make up those communities? Today, it is possible to…

    News 2022-06-22
  • Web3.0 tearing the capital circle

    Web3.0 dominates the screen, another concept is on fire. Similar to the situation when the Metaverse concept emerged, this concept was proposed more than 10 years ago, and it became popular in the era of mobile Internet when it was stuck in a growth bottleneck. Well-known institutions voted for it, investors paid attention to it, and social media discussed it. . For ordinary people, just as netizens lamented, “Every time I read this article, I read it word by word, and I am still confused.” Recently, Web3.0 directly drives the…

    News 2022-06-22