“Last night, the top automated decentralized exchange, Uniswap, dropped a share of its new governance token to everyone that had ever used it, even those whose transactions had failed.
The fact that it went beyond rich liquidity providers (LPs) and rewarded regular users, that is what really got crypto talking last night. It gave something like $1,400 (400 UNI) to all its past traders. Even more went to anyone who had supplied liquidity.
UNI is likely also important as a way of keeping itself in the good graces of financial authorities such as the Securities and Exchange Commission (SEC). The innovation in its distribution is in the fact that it went to real users rather than only to speculators.
This makes it very difficult for regulators to touch them (as Uniswap was very sensitive about that). So now we have gradual and proven decentralization first, followed by a sudden token, which is a perfect playbook that legitimizes the token model, while it maneuvers around potential SEC scrutiny.
And notably, this distribution to actual users is something that only Uniswap can do and its several forks cannot.
I think it’s genius in every way.”
“Data collected from Etherscan shows miners collected a total 42,763 ether in transaction fees on Thursday, a new all-time high. That’s currently worth nearly $16.5 million.
That comes as daily volumes on Ethereum surged nearly 400,000 on Thursday to 1.4 million transactions, also smashing the previous 1.34 million record reached in January 2018.
There is currently over $9 billion worth of assets locked in DeFi applications, according to DeFi Pulse, up from approximately $675 million at the start of the year.”
“Baseline Protocol started with support from 14 founding companies. Today, 700 members and eight sponsor organizations make up the Baseline Protocol community.
Accenture sees tremendous potential in Baseline Protocol. In particular, Klein mentioned its ability to provide confidentiality and double-spend protection in permissionless networks like Ethereum.
Brody further commented that client interest is very strong for Baseline Protocol, even in its infancy and in the early stages of Ethereum 2.0 development: ‘I see enterprise adoption of the Ethereum mainnet accelerating very significantly, with no slow down for the Eth 2.0 transition.’
Moreover, Brody shared that once enterprises become comfortable with using the Ethereum network, the eventual adoption of decentralized finance by large organizations will be seen.”
“For Lightning Labs, the update comes to its Faraday suite with the addition of an automated accounting feature to make bookkeeping easier for node operators and Lightning Network service providers (LSPs). For Blockstream, the 0.9.1 release of c-lightning improves channel opening and routing mechanisms to make opening channels (and sending payments) easier than before.
In our correspondence, Kirk-Cohen claimed that the new Faraday release, when taken in tandem with other recent LND updates, signals that the Lightning Network is ready for business and enterprise adoption.
The recent release of Wumbo in lnd v0.11.0 was a sign that we believe the software has matured to the point where businesses and serious node operators can start to move more capital onto the network.“
“The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA). China has suffered a number of scandals involving food safety – or lack of it – such as counterfeit baby milk and frying oil containing carcinogens.
CAFA intends to build a “farm to table” traceability system across China that would record the various stages of the food supply process on the blockchain in order to build trust with consumers.
VeChain will assist the alliance in the development of its platform by connecting member organizations within China’s food supply chain and offering technical support. The firm hopes its ToolChain platform will be integrated by the companies into their existing business processes.“
“Dash Platform will incorporate four features: a Dash Drive, a decentralized API, or DAPI, a username layer, or DPNS, and the Dash platform protocol, or DPP.
Clients will be able to integrate their applications to the Dash Platform by using the distributed, decentralized application programming interface — the DAPI. Meanwhile, the Dash Drive provides support by enabling these clients to send, store and retrieve application data as well as to query the blockchain through a simplified interface.”
“Ledger Live version 2.11.1 introduces a new feature called Coin Control which gives users the ability to adjust transaction settings to include more privacy or optimal fee usage.
Now, users can select the addresses they want to use for transactions using Coin Control instead of the previous default First-in, First-out (FIFO) method of automatically using the oldest address.
This matters because it prevents third parties tracking those transactions through tiny amounts of BTC, called dust. With Coin Control, users can simply choose to not use this tiny UTXO.”
“Today’s internet looks less like its inventors’ visions of a decentralized, democratic information network and more like an oligopoly controlled largely by the companies that own the data.
In a few years, all companies will need to rethink their operating models to treat their users as crucial partners from the start. Proprietary platforms might start to become open-source protocols.
Web 3.0 networks are powered by decentralized protocols. These protocols rely on and engineer the cooperation of their users to drive specific outcomes. Instead of extracting value from their users, Web 3.0 networks will capture value by creating opportunities for them. In this way, Web 3.0 protocols essentially turn the economic incentive structure of today’s internet on its head.
Decentralizing the internet will shift its power structure and redistribute ownership of this critical technology to individuals. The internet is one of humanity’s most important technologies. Let’s make sure it serves us well for decades to come.”
“Blockchain-centric cybersecurity firm Xage has secured a contract to create a decentralized end-to-end protection protocol for the US space force (USSF).
We built the Xage solution to serve the needs of complex critical infrastructure systems, and are excited to bring the Xage solution to the Space Force in the form of a blockchain-protected space system security.”