Decentralization

Jack Dorsey has announced BlueSky’s long-awaited decentralized social protocol, called “Authenticated Transport Protocol.” The protocol is designed to let users regain control of their identity and data when using social apps. Decentralization Without Tokenization According to BlueSky, the AT Protocol (formerly known as “ADX”) integrates existing decentralized technologies to create a “simple,” “fast,” and “open” network. BlueSky is a non-profit launched by Twitter in 2019, without any stake held by the parent company.  Jack Dorsey has previously suggested that BlueSky…

Via a lengthy Twitter post, Ethereum fork advocates recently promised to put an end to EIP-1559. In a detailed open letter, they claimed the Ethereum Foundation had used the proposal to foster a bullish narrative that ultimately harms miners.  Ethereum Abandoning Decentralization Ethereum’s forthcoming transition to proof-of-stake has seen a lot of positive attention, with several eagerly awaiting the Merge. However, there have also been opponents who believe the switch to Proof-of-Stake is a step backward. The account behind the…

In a recent interview with the Economic Times India, billionaire investor Tim Draper shared his views on the future of the crypto industry and its regulatory journey. Amongst many things, the popular investor believes a decentralized currency offers more perks for society than many fiat currencies. Draper Shares Views on Crypto and Decentralization The interview initially focused mainly on India’s startup industry. Draper revealed his thoughts on the prospects of the space amidst the current economic downturn. However, he later…

After a public controversy, the ENS community voted to remove Brantly Millegan as a steward over a controversial tweet. Ethereum Name Service, a DAO in charge of .eth domains, found itself in the middle of a "cancel culture" controversy. It all started with one tweet from 2016 by Brantly Millegan, a developer and a steward of the DAO. homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is perversion. So is masturbation and porn When the tweet surfaced,…

Have you ever noticed the contempt politicians and bankers seem to have for Bitcoin? A recent scandal at the Federal Reserve gives us a great clue as to why. Commonplace Corruption On Capitol Hill Political corruption is no mystery to the public. Anyone can name a crooked politician that’s abused their privileged position for personal and financial gain. Take Nancy Pelosi– the Democratic Speaker of the House who bought call options of Tesla stocks last December. She purchased them ahead…

Solana, a smart contract center, has been the talk of the crypto world for about a month now. Its value increased nearly 7 times between August and September, from merely $30 to over $200. Those excellent moves in the coin and network show that the blockchain is heading to greatness. Nonetheless, the cryptocurrency has seen its value plummet from the recent ATH to values below $150. Analysts are still discussing whether the crypto's price action signals a pump and dump…

Humanity hangs in the balance as the deadly Coronavirus affects various sectors, including healthcare, manufacturing, finance, and many more. Since the beginning of the outbreak, governments and citizens have had to adopt a new lifestyle that involves quarantine and social distancing practices.  To offset the current pandemic, global stakeholders at the World Economic Forum came up with a radical solution known as the Great Reset, which aims to change the global economy. The meeting, which took place in June 2020,…

MakerDAO recently revealed its plan on moving to a fully decentralized ecosystem within the next few months after disbanding the current Maker Foundation. According to a blog post detailed by the CEO, Rune Christensen, Maker initially started as a decentralized autonomous organization before it moved to a Foundation charged with accomplishing an overall growth of the platform.  However, the Foundation was only designed for existing temporarily as Maker steadily transitions to a fully decentralized path. Looking back, the CEO recounts…

Cardano has been a big talk in the crypto world. As one of the major altcoins out there, it is billed as one of the few cryptocurrencies that stand a chance at challenging the dominance of Bitcoin. Bitcoin always enjoys the first mover's advantage, especially since it is by far the largest crypto by market cap. Hence, other upstarts are therefore required to table something better to stand out, or else they may not make sense in the market cap. …