The Disrupt Weekend

You only need to be online >50% of the time to be profitable. This means that validators need not go to extreme lengths with backup clients or redundant internet connections as the repercussions of being offline are not so severe.

You’re less likely to suffer large penalties. Proportional slashings mean that a staking provider stands to lose a lot more ETH than an individual running their own validator if they experience a bug or a hack that causes the validators under their control to fail collectively.

You retain control over your ability to exit. If you choose to use a staking provider, you will have to hand over control of the signing key.

Staking hardware is affordable and easy to use. You should be able to run a validator on an old phone or raspberry Pi ($100) by the time eth2 launches.”

See Also: How To: Running an Eth 2 Validator (Recommended Read!)
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“While Bitcoiners were left using centralized crypto banks for their financial needs, projects like MakerDAO, Compound, etc. were busy building transparent, open, and non-custodial solutions for Ethereum folks, creating everything from a censorship-resistant stablecoin to a transparent money-market.

But why weren’t these type of applications being built on Bitcoin? Part of this may stem from the challenges of building on Bitcoin. Bitcoin script is a simple, primitive, and secure stack-based language. It is not Turing complete and has no concept of state.

Another challenge stems from the lack of ecosystem for building financial applications on top of Bitcoin. Without a MetaMask or Web3 ecosystem, the gateway to building on Bitcoin and DeFi is much more difficult.

You need to know the participants’ Bitcoin address before entering into an agreement. You also can’t create a liquidity pool on Bitcoin. That means no AMM’s, and liquidity providers need to be online 24/7 to allow for participants to interact with any type of Bitcoin DeFi.”


How To: Synthetix

See Also: Synthetix for Beginners
See Also: How to speculate on DeFi tokens with binary options

“ConsenSys announced that the SKALE Network’s SKALE token (SKL) will be available for purchase through a 3-day Dutch auction on the platform on August 17th, 2020.

The SKALE token supports the highly anticipated SKALE Network, an open source elastic blockchain network designed specifically for scaling Ethereum.

Activate, by ConsenSys Codefi, is the first platform designed to launch decentralized networks and allow customers to purchase, manage, and use their tokens in one application. The SKALE Network is the first project to launch with Activate, which has since accepted registrations to participate. For users verified on the platform, registrations for the auction are now open.

Participants will be required by the protocol to delegate at least 50% of their purchased tokens for 90 days before being able to transfer them outside the network. This creates a measurable incentive mechanism aimed at minimizing speculative behavior from participants, while maximizing active contribution to the network.”

See Also: Token Launch

How To: Save on Eth Gas Fees

“Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space.

The daily trading volume in the forex market is $6.6 trillion, it is over 100-times that of the daily cryptocurrency trading volume. If the DeFi space manages to capture even a small portion of this value, this could translate into a positive momentum for the crypto space.

For the first time in history, applications will be able to access decentralized foreign exchange rates compiled by the best banks in Korea.”

“Tron representatives completely declined to learn any new information from our source. This behavior seems in line with a company trying to get out of a public promise.

It is unclear how Tron intended to honor its $1 million promise without a proper tips line and while actively ignoring credible information that it claimed to want. This behavior is more in line with an empty attention grab than a genuine effort to bring perpetrators to justice.”