Category: Centralization

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Vitalik Buterin offers lessons for crypto in wake of the FTX collapse

Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology. Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events. In a Nov. 20 Bloomberg interview,…
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Proof-of-Work Proponents Question Validator Censorship as 59% of Staked Ethereum Is Held by 4 Companies

Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum blocks are verified by validators…
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The Blow-up of 3AC – LTCM Without the Nobel Economists

Benjamin Dean is the Director of Digital Assets at investment company WisdomTree in Europe.  __________… Read More: The Blow-up of 3AC – LTCM Without the Nobel Economists  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Trezor Has Seen ‘Significantly’ Higher Interest in Self-Custody Amid Ongoing Crypto Turmoil

Major hardware wallet maker Trezor said they have noticed higher interest in their devices following a string of crypto company meltdowns and centralized exchanges suspending withdrawals. According to a company spokesperson, bitcoin (BTC) and crypto holders are “getting nervous about holding their coins with custodians and are exploring self-custody options.”… Read More: Trezor Has Seen ‘Significantly’ Higher Interest…
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Following Terra’s Lehman Moment, What’s Next for the Market?

Adi Ben-Ari is the Founder and CEO of data security specialist Applied Blockchain.  __________ The collapse of TerraUSD and Luna in May, and the associated tailspin in the crypto market, have prompted observers from both within the decentralized finance (DeFi) space and externally to ask the now very serious question – what does the future…
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The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks

Gigi is a Bitcoin educator, author of ’21 Lessons’, and software engineer. __________ It can’t be said often enough: Bitcoin is confusing. However, it’s not complicated like a Rube Goldberg machine is complicated. It’s just very foreign and thus very misunderstood—it is a completely new thing. “There’s nothing to relate it to,” as Satoshi [Nakamoto]…
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5 Risks to Know Before Using Centralized Crypto Lending Platforms

  Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. … Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Evolution of Enterprise Blockchain into Real-World Utility and Use Cases

  Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger.  __________ While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology…. Read More: Evolution of Enterprise Blockchain into Real-World Utility and Use Cases  Read more…
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Blockchain isn’t as decentralized as you think: Defense agency report

The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits.  The security firm on Tuesday released its report titled “Are…
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Dominant Staking Pool Lido Causing ‘Long Lasting’ Damage to Ethereum, But Aims to Improve

  Lido Finance, a third-party staking pool operator for Ethereum (ETH) 2.0, is under fire from the community for what is called an “unwavering commitment to being a monopoly” that accusers say damages Ethereum’s status as a decentralized blockchain. However, the operator says it aims to fix this…. Read More: Dominant Staking Pool Lido Causing…
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