Explained by Mercuryo #6

The sixth edition of our curated newsletter.

In today’s newsletter we look at:

• Blockchain bridges
• Accepting crypto online
• DeFi audience
• Farming internet 
• Another hijack

Polkadot Bridges

Connecting Polkadot With External Networks

According to Polkadot, the future is multichain. The only thing’s that missing is a genuine connection. Blockchain bridges are meant to solve the problem by connecting different protocols. Apparently, there are only two main design types: federation-powered centralized bridges and trustless ones. If you want to learn more about this trending Web3 tech, head on to Polkadot’s latest blog post.

Adapt It Yourself

Why and How to Accept Crypto Payments

5% of American adults now own some form of cryptocurrency, and it’s about time we start taking crypto payments more seriously. In case you’re not sure your online store can do so, we’ve written a comprehensive guide to motivate you. It’s even easier than with credit cards.

Who Are They?

Participants in a DeFi protocol ecosystem

Do you know how many people are into DeFi now? It’s over 1.6M already. They’ve got active communities and thousands of active daily users, and the numbers only keep growing. If you’re wondering who all these DeFi users are, Vadym Nesterenko has divided them into groups and explained their motives.

New Age Farming

Crypto Trader’s Digest: Poor Wojak’s Almanack

COVID affected us all differently. Some picked up new hobbies, while others turned to cycling and DeFi farming. Followed by his Dreams of a Peasant piece on DeFi’s proto-banks, Artur Hayes has chosen a new topic to contemplate on. In case you know nothing about liquidity miners, the history behind farming, and a framework evaluating the risk crypto peasants are willing to take – that’s going to be a good read for you.

On the Other Side

Postmortem Report of DNS Hijacking

Recently DEXs have become a popular target. On March 15, C.R.E.A.M. Finance had to deal with DNS hijacking. Their GoDaddy domain was compromised and sent users to a phishing site. Smart contracts, according to C.R.E.A.M., are safe and sound. Same happened to PancakeSwap’s GoDaddy. However, smart contracts remained out of danger. Another reminder to everyone: never reveal your seed phrase to strangers.

This is a weekly newsletter curated by Mercuryo team. We cover the most sparkling events in the industry and sharing more about our journey.