The 30th edition of our curated newsletter.
In today’s newsletter we look at:
Decentralized and Scalable
The Practical Consequences of Solana’s Scalability
Solana, a blockchain that aims to enable scalable, user-friendly apps, challenges the long-running scalability issue. The platform claims that its unmatched throughput and low fees will pave the way to new-gen applications we haven’t seen before.
Solana creators make a point that decentralization and better performance do not usually go hand in hand. However, there’s no point in making a centralized blockchain. The article explains how Solana achieved its scalability and describes its blockchain architecture and ecosystem characteristics.
Hacker-Powered Security and DeFi
How Human Intelligence Improves Cryptocurrency Security
During the past couple of years, the DeFi space went through a significant growth stage, which resulted in billions of dollars locked in smart contracts. As the complexity of these smart contracts increases, so does the risk, making DeFi funds lucrative targets for attackers.
But how does this process look like from the attacker’s point of view? HackerOne interviewed an anonymous ethical hacker who deals with the open, online, global digital economy of Ethereum technology offerings, including digital money, international payments, and applications.
Security and Risk Control Whitepaper v1.0 by Binance
Launched in September 2020, Binance Smart Chain supports an ecosystem of over 800 dApps, while delivering a record-breaking all-time-high (ATH) of 13.1M daily transactions. As it usually happens, the explosive growth of BSC attracts not only the attention of new investors but also hackers.
That’s why the BSC community has introduced holistic security infrastructures and services from security audits, bounty programs, and dApps monitoring in less than one year. In the recently published whitepaper, several critical areas like proactive monitoring and trustless bridging are suggested as essential next steps to keep improving the maturity level of the BSC community.
A brand-new NFT project Loot has captured the hearts and minds of gamers. It almost came out of nowhere and got everyone from across the Ethereum ecosystem excited. Also, it led to a frenzy of social and trading activity, the likes of which the NFT space has never really seen before.
Bankless calls Loot a meta-MMORPG, a game of games, a game about games, building-together-as-game, play for the sake of play to see what play can lead to. Curious yet? Read more about this unusual open experiment in the article.
How to Lose 99.9% and Still Score a 500x
Crypto traders are hard to please. 2x, 10x, or even 20x as a remaining upside is no longer enough, while leverage is too much of a hassle with all its ongoing management and liquidating possibility.
If you like some math in your finance, you might be interested in learning about constant leverage. This tool already exists in some forms in traditional financial markets but can be made even more powerful thanks to the flexibility of decentralized, permissionless platforms. Some DeFi users still misunderstand constant leverage, and this blog post sheds light on the subject.
Something You Could Have Missed
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.