Coinbase, developments & milestones
In Weekly Blockchain Insights, we share the most interesting Twitter updates and discussions from all blockchain ecosystems and various different blockchain topics from the past week. Make sure to sign up for the newsletter below and get all blockchain insights to your inbox.
We started last week with a collection of “best blockchain & crypto tweets of all-time” – make sure to check it out if you haven’t done it already! This week’s blockchain insights include discussions about Coinbase, privacy, smart contracts, interoperability, token economics and applications.
On the 3rd of January 2020, Nakamoto.com launched in order to create a venue for quality technical, philosophical, and cultural writing that is of general interest to the crypto community as a whole, for beginner and expert alike. Haseeb Qureshi shared another part of his great intro to cryptocurrency.
1/ I've (finally) released the third module of my introduction to cryptocurrency course for programmers. This module goes over the history of P2P networking, the basics of how gossip protocols work, and culminates in coding your own P2P protocol.
— Haseeb Qureshi (@hosseeb) June 5, 2020
There was a good discussion about the best newsletters. Our list of newsletters can be found here.
With respect to blockchain reading I currently read literally every word from Delphi Digital, FTX, The Block, and BitMEX Research. I have an insane organizational system to make sure I don’t miss anything. Kindly indulge my eccentricity, what should I add to my list? Thank you.
— Matthew Graham (@mattysino) June 2, 2020
Crypto.com has started sharing great educational content. Here’s an extensive intro to scalability.
In order for cryptocurrency to achieve mass adoption, one of the key factors will be blockchain⛓scalability. Check out this https://t.co/vCNztABJoG University article to learn how the industry is working on the solution for the “scalability trilemma” – https://t.co/KvGJqPw0Du pic.twitter.com/jE0o3suTd5
— Crypto.com (@cryptocom) May 29, 2020
Blockchain.com shared a “roadmap” towards open finance and full tokenization.
The financial system of the internet is just getting started. And it's going to be enormous. 🧗 pic.twitter.com/laRFpnQRXY
— Blockchain.com (@blockchain) June 2, 2020
Current Blockchain Discussions
Coinbase has repeatedly been down when prices surged rapidly and received serious criticism this week.
Dear @coinbase, I ask this with much respect – How does an exchange with an $8 billion valuation crash every time Bitcoin pumps 5%?
I genuinely would like to know
— Crypto Capital Venture ⚡️ (@cryptorecruitr) June 2, 2020
Coinbase is about to sell tracking software to government agencies
Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino acquisition https://t.co/np6FrbWnoB
— Frank Chaparro (@fintechfrank) June 5, 2020
Bitcoin has passed a massive milestone. The accumulated work put in is as large or even larger…
#bitcoin blockchain is the new wonder of the world, more work and human ingenuity, than went into the great pyramids of Egypt. The biggest computation ever done, a digital monument, a verifable artefact of digital gold – the foundation of a new digital age https://t.co/lSAwT8UdRQ pic.twitter.com/n4L6CaxDsc
— Adam Back (@adam3us) June 4, 2020
Theta network was launched on mainnet 2.0. Theta is a platform for video delivery.
Guardian Nodes launch today on Theta Mainnet 2.0, the most significant step yet in Theta blockchain decentralization w/ 500+ Guardian Nodes migrating from testnet to Mainnet 2.0. Start staking on Theta today!
Setup guide: https://t.co/xpL1wFstfF
— Theta Network (@Theta_Network) June 3, 2020
Libra has issued its whitepaper 2.0 while waiting for regulatory certainty.
#Libra's 2.0 white paper has the following changes from its first release on 18 June 2019, and we made a comparison between Libra V1 and Libra V2.
— IOSG Ventures (@IOSGVC) June 6, 2020
Initialization of InterWork Alliance by NEO, Microsoft, Accenture, SDX & Digital Asset.
We are proud to be one of the five sponsor members, together with Microsoft, Accenture, SDX and Digital Asset, to initiate InterWork Alliance to catalyze the adoption of blockchain technology in the digital economy era! pic.twitter.com/Gak601RddJ
— Da Hongfei (@dahongfei) June 2, 2020
Elrond is getting closer to its mainnet launch and runs an incentivized testnet.
We are ready. Battle of Nodes: Onchained – the final step before our $ERD mainnet launch. The 💥 Genesis Block of the internet-scale blockchain will be minted right as market sentiment, consumer attention & enterprise appetite are bursting with interest. 👇🏻https://t.co/Ty3IMxejk8
— elrond (@ElrondNetwork) June 2, 2020
EOS celebrates a soft milestone: 2 years after mainnet launch.
Happy 2nd Birthday #EOS. I’m humbled and thankful to be a part of this talented global community that that underpins the most performant and aligned public blockchain in the world. This year is going to be the best yet!
— Brendan Blumer (@BrendanBlumer) June 2, 2020
Other Blockchain Insights
One interesting finding this week was that Grayscale’s Ethereum trust has been trading extremely high compared to its “actual current” value.
That's $170 per share of ETHE which represents 0.09402547 ETH per share.👀
In other words, these ETHE buyers are valuing ETH at over $1800. 🔥https://t.co/YYIvEr8Sn2
— Alex.eth (@AlexanderFisher) June 2, 2020
A great Token Engineering meetup was organized and a fantastic intro to bonding curves was shared.
— Kevin Schellinger (@k_schellinger) June 4, 2020
A nice visual on the growing number of funds locked-in DeFi.
— Spencer Noon (@spencernoon) June 1, 2020
Various protocols in DeFi are adjusting business models, extending functionalities and offerings.
1/ It is quite obvious now that Maker is gradually turning into a risk underwriter for exotic assets and the inherent conflicts of being a stablecoin v.s a general lending protocol is immense. DAI was a perpetual USD dominated bond initially with ETH as collateral… https://t.co/N78xkPG4wp
— Mindao Yang (@mindaoyang) June 5, 2020
Decentralized governance is becoming a thing including governance tokens.
— Ingamar Ramirez (@Ingalandia) June 7, 2020
A great overview on the state of blockchain interoperability was published.
— arxiv (@arxiv_org) June 2, 2020
Smart contract education is somewhat limited. Here’s a good collection of videos.
There are now 8 smart contract security webinars and presentation videos on the @mythx_platform awesome list, covering everything from checking for bugs in CI to warfare on the #Ethereum blockchain 😎https://t.co/DnzGMEAS4f
— Bernhard Mueller (@muellerberndt) June 1, 2020
Enigma blockchain has been renamed to Secret Network. It’s leveraging Cosmos technology and it utilizes a new coin for its privacy ecosystem.
ICYMI: Last week we shared a big development – the introduction of Secret Network! 𝕊
Read through our announcement to learn more about our protocol's new name, new site, new communities, and more. Come help us bring privacy to every blockchain! https://t.co/MyaTUNFtKH
— 𝕊ecret Network – We ❤️ Privacy (@SecretNetwork) June 1, 2020
A discussion about a privacy-enhancing tech stack has been started. On each “layer” privacy must be tackled.
What does full stack privacy look like?
— Chris Burniske (@cburniske) June 7, 2020
Self-sovereign identity is being discussed a lot lately – especially in regards to tracking Covid-19.
Blockchain is a crucial component in enabling Self Sovereign Identity because it removes the need for a central authority, allowing a permissionless and decentralized system.
Learn more about the ambitions of RIF Identity here: https://t.co/v8vICeg7F4
— rif (@rif_os) June 2, 2020
An insight to Web 3 and social media is presented here:
The evolution of reputation on the web:
Democratized: directories, web rings, search engines
Distributed: likes, retweets, upvotes
Decentralized: individuals (verifiability, accountability, intrinsic/extrinsic capital)
— JD (@jarroddicker) June 4, 2020
DAO rush week showcased numerous DAOs and helped onboard new people.
Hey @MolochDAO, we explored you 📸🔦
So? Well, we love the gentle curve of your graphs. We really do. You guys are so interesting! pic.twitter.com/LIPTcVsvsi
— DeepDAO (@DeepDAO_io) June 3, 2020
Messari’s mainnet conference was massive & crowded with great projects and speakers.
🚀Day 2 of #Mainnet2020 has arrived. What talk are you most excited to see?
— Messari (@MessariCrypto) June 2, 2020