There are now a wider variety of assets in the crypto market than there were during the last bear market. Instead of choosing to invest in different types of Cryptocurrencies, people can choose to invest in NFTs and digital land in the metaverse. It seems reasonable to assume that these new, experimental assets are riskier compared to BTC and ETH. While it's hard to measure risk … [Read more...]
Web3 Interoperability: The Hard Parts
An overview of web3 The web3 stack includes tools and protocols that enable decentralized apps to function. Web3 refers to a set of technologies that power decentralized applications or dApps. These sorts of applications offer users more control over things like identity and value. Additionally, they provide decentralized control and use a distributed infrastructure. All of these … [Read more...]
The Rise of the DEX: let’s add some color to DeFi vs. CeFi
Decentralized finance is a term used to describe the shift from using traditional financial systems to using decentralized networks. Decentralized finance is likely to have a significant impact on how banks operate in the future. The potential to shift the structure of the whole financial system at a macroeconomic level is huge. DeFi is an umbrella term encompassing the vision of a … [Read more...]
Some Thoughts on the State of Web3 in Response to Moxie
Many people have already responded to Moxie, but I want to focus on the implications for the Web3 space. I was hoping to keep this to a Twitter thread, but I'm not Adam Cochran. This was a good excuse to write on Mirror for the first time. Moxie's piece captures the essence of some of the thoughts I (and many others) have had recently about some of the key tensions in the Web3 world. … [Read more...]
Reputation Score on Web3
A few years ago, things started to change. A couple of years ago, people started to become more aware of the importance of having a good digital reputation and online legitimacy. With more and more collaboration happening online, it became clear that physical reputation wasn't enough to work efficiently with others. Managing a digital identity and the reputation that goes with it became … [Read more...]
State of Ethereum L2s
This is the year that Ethereum will be tested to its limits, with renewed focus on technologies that will help it to scale. even though Ethereum is still young, the ICO-driven hype is making it seem more advanced than it really is. The potential for Ethereum and web3 to create a decentralized internet that is safe and easy to use is still there, but it won't be realized until some key … [Read more...]
Oracles: Getting Real-World Data into the Blockchain
What Are Blockchain Oracles & Why Do We Need Them? One of the challenges of managing a blockchain is dealing with the divide between off-chain and on-chain data. An oracle is a tool that can be used to connect real-world information with blockchain activities, making it easier to use blockchains in everyday life. Oracles offer a wide range of possibilities for users of … [Read more...]
NFTs: A Primer for Newbies : Equity Ownership of Anything
NFTs are a new technology that is quickly gaining popularity. I wrote this article to explain the history and basics of NFTs to those who are not familiar with the topic. The crypto world is constantly changing, so this article may not be up-to-date with the latest developments. However, it is still a good resource for understanding the basics of NFTs. The internet of assets NFTs and … [Read more...]
PUSHing Web3 Forward: What is EPNS and why should you care?
What is EPNS? The Ethereum Push Notification System (EPNS) allows users to subscribe to notification channels without needing to store data on centralized servers. This prevents any one entity from being able to censor or control user data. Until now. . What EPNS does is introduce a new, decentralized middleware system. This communications layer for Web3 allows users to subscribe … [Read more...]
Monetization in Web3
Nowadays, it's no secret that major companies such as Facebook and Google make a lot of money from the internet. Although their services are free, we provide them with a large amount of data without realizing it. web 2.0 is a business model where companies take information from the internet and sell it for different purposes. web 3.0 is a new financial model for the internet that is … [Read more...]