The Disrupt Weekend

I believe that the multi-chain ecosystem will generally follow a power law distribution where there will be a handful of massive winners (the 80%) and a long-tail of smaller ones (the 20%). I believe that Ethereum will remain the king of smart contract platforms (and I also believe it will flip Bitcoin in market cap) but I think the jury is still out on which other chains will fill in that last 20%. Will it just be Ethereum layer 2’s? Will there be some other smart contract chains that gain long-term traction? Will something like Arweave or Filecoin become massive winners with decentralized data storage?

I don’t blame people for speculating on these things because being the top smart contract platform is a $100 trillion+ opportunity – it’s essentially the same size opportunity as the internet. Though even if a chain/platform only captures just 2% of that opportunity it’s still worth $2 trillion – now you can probably see why there’s such intense speculation on so-called “Ethereum killers”.

Over the coming years, we’ll find out which projects fit into the 80% category, which fit into the 20% one and, of course, which projects basically lose all relevance.”

See Also: A Guide to Multi-Chain Yield Farming

“After multiple betas over years, followed by multiple audits from some of the biggest in the industry, we’ve spared no effort to produce and refine a first ever decentralised staking protocol for Ethereum.

Rocket Pool will launch to mainnet on the 6th October, 2021 00:00 UTC. The mainnet staking site will be open to the public, running from

Rocket Pool is a base layer protocol for staking in ETH2 and it aims to align the interests of those who want to stake without running a node, with those who want to run a node and generate a higher return on their own staked ETH during the process.”

The future of humanity rests on our ability to coordinate. I truly believe that Ethereum’s impact on the world will be significantly better coordination.

For the first time ever, we have a transparent, immutable, programmable, substrate upon which to build new institutions. Institutions that cannot be corrupted even if their founders are. In other words, we can now invent new mechanisms upon an unprecedentedly solid and incorruptible foundation, and use this to fundamentally change how resource allocation is coordinated. Improving coordination means better resource allocation, less corruption, and more symmetry between value created and value captured.

DAOs are the fundamental building block for this problem space. Their permissionless, mission-driven, and community-run architecture represents a step function improvement for the future of work.

DAOs are still quite primitive. As always, we’re early. Yet, despite just barely learning to crawl, DAOs are already teaming with life and activity. Together, GitcoinDAO and BanklessDAO have compiled a comprehensive report that distills the insights of over 400 DAO creators.”

The powerful combination of decentralized finance (DeFi) protocols, on-chain asset management and smart contract technology is heralding the arrival of the decentralized version of ETFs, tokenized and fully collateralized baskets of digital assets called ETPs (exchange-traded portfolios).

These “baskets” are fully collateralized by the pooled assets that are held within the relevant smart contract. These “smart pools” can then be tokenized so investors can deposit funds into the smart contract, receiving a corresponding number of tokens that represent a given share in the underlying assets.

In addition, ETPs are non-custodial, meaning the investor remains in control of their deposited assets, and can withdraw them at any time by redeeming the corresponding tokens. Goodbye, brokerage fees and market hours.

As layer 2 blockchain protocols help reduce what have been the traditional gas fees associated with the deposit and withdrawal of smart contract funds, ETPs begin to look like very attractive products from a cost perspective.

ETFs have come a long way in the last 30 years, but trying to use that framework for crypto is a bit of a non-starter, even as tantalizing as it might be to some in the industry. With the advent of products that concentrate both investment and investment tools in crypto innovation – products like ETPs – investors will be able to participate in more opportunities offering better liquidity and less friction than ever.

For the old guard, it will require even more trust in a new paradigm that discards old inefficiencies. For the new guard, it will require even more imagination to not dress up tomorrow’s solutions in those same inefficiencies.”

What The Government Regulators Get Wrong About Crypto

Recommended read.

“Given our current focus on The Merge, this post isn’t an “update” but a deep dive into the roadmap evolution which led to the current architecture choice. In a few weeks, expect a similar post going over the details of how the Ethereum network will operate post-merge.”

With full support for legacy and EIP-1559 transactions, our new browser extension makes it easy for you to access the most accurate and actionable gas estimations. Gas Platform inspects all public pending Ethereum transactions and predicts the minimum gas price required for next-block confirmation.

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“Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. While Texas appears to be following in the footsteps of other innovative states, members of the Texas Blockchain Council shared that bigger plans are underway.

There are discussions to integrate Bitcoin into the Texas Constitution.

There is the idea for a Texas constitutional amendment to allow property tax payment in Bitcoin. This would put Bitcoin on par with gold at the Texas Comptroller’s Office and Treasury.

Florida and Tennessee have [also] recently been exploring ways to accept BTC for property tax payments. By implementing a Bitcoin amendment into the Texas Constitution [however], Texas aims to go above and beyond pure legislation. Constitutional amendments require a vote from the citizens in Texas, which would be a greater legal standard than enacted crypto laws.”

“At 21:44:51 UTC tonight, Cardano will usher in smart contracts by implementing the Alonzo hard fork. But due to problems with its design, several decentralized applications have delayed their launch, and Alonzo may only go live with a “few toy smart contracts” developed by Cardano’s creator.

The first Cardano dApp, a multipool exchange named Minswap, shut down shortly after it launched because it struggled to process multiple transactions at once—“the very thing you need for DeFi.” IOHK tweeted that the way Cardano handles unspent transactions affords “greater security” and “fee predictability.”

Still, due to the issues, it’s looking unlikely that Alonzo will launch with any killer applications. Several decentralized exchanges have said that they’ll delay their launch until definitive solutions are found to the transaction bottleneck. A troubled launch could be taken as a major step back.”