OpenChat, an on-chain messaging platform based on the Internet Computer blockchain, will soon transfer control of the messaging app to a decentralized, token-based governance system via the Service Ne...
Tag: Decentralization
Wormhole Counter-exploit Forces Scrutiny of Multisigs in DeFi
The spectrum of decentralization has been a hot topic following a counter-exploit recently executed by Jump Crypto on the Wormhole hacker who stole 120,000 ETH — around $325 million — in February last...
Top DeFi projects move further from decentralization in 2023
Despite nearly six years passing since the inception of decentralized finance (DeFi) in 2017, it’s still experiencing child-like growing pains in 2023. DeFi underpins many Web3 properties which experi...
Game Platform Unity Upholds Web3 With Decentralization Category
3 hours ago | 2 mins read NFT News Unity added a decentralization category to its asset store. 13 distinct blockchain-based SDKs from chains and goods are now supports by Unity. Unity, one of the most...
Like Mining and Validation, Proving Needs To Be Decentralized
Web3 adoption is hindered by a lack of privacy. We don’t always want our online activity to be public, whether when we interact with a social media app or buy a meal, to say nothing of our sensitive f...
XDC Network Introduces DAOFIN: A Step Towards Decentralization
A sudden demand for decentralization is being observed across the community. XDC Network announced its step forward towards decentralization, by launching DAOFIN. The DAOFIN plan has been released for...
Klaytn’s new move for enhanced sustainability & decentralization
The Klaytn Foundation happens to have been set up with the aim and intention of creating and decentralizing the ecosystem of the South Korean top-of-the-line layer one blockchain, Klaytn. The entity s...
Controversy around BUSD drives calls for decentralization
A recent proposal for Binance on Twitter has sparked a response from the firm’s CEO. An account named @frxresearch recently proposed that the cryptocurrency exchange Binance develop its own decentrali...
ARK Invest’s Cathie Wood Says SEC Crypto Crackdown Great for Decentralization but Not So Good for US
The chief executive of ARK Invest says that the U.S. Securities and Exchange Commission’s (SEC) latest enforcement actions could have a negative impact on the competitiveness of the country’s crypto i...
Decentralization Will Triumph in US Crypto Crackdown
The crypto space has always been known for its decentralized nature, a feature that has made it attractive to investors, entrepreneurs, and traders alike. However, in recent times, financial regulator...
LDO Rallies as Lido Announces V2 to Improve Decentralization
Liquid staking protocol Lido introduces V2 of its protocol to expand Ethereum Node Operator configurations and test withdrawals of ETH. The protocol will introduce a Staking Router smart contract to m...
A16z 15M bloc vote against Uniswap BNB Chain deployment raises decentralization concerns
Andreessen Horowitz (a16z) voted against the deployment of decentralized exchange (DEX) Uniswap (UNI) on the BNB Chain via Wormhole. The crypto investment firm placed its 15 million UNI holdings again...
StarkWare is Following a Path to Full Decentralization
Leading layer-2 (L2) solutions provider StarkWare has announced that it will be making its software open-source. The total value locked across the L2 ecosystem has been climbing higher since the begin...
Bitcoin developer says network is not resistant to censorship, questions mining decentralization
In a recent Twitter thread, a developer questioned the entire idea of Bitcoin’s censorship resistance. Bitcoin’s censorship-resistance Bitcoin was built on the idea of offering complete censorship res...
Shiba Inu (SHIB) Decentralization Facts Revealed by Cyber Capital Founder: Details
Justin Bons, Cyber Capital CTO and founder, stated in a recent tweet that out of the top 50 cryptocurrencies in terms of market capitalization, only 32 are technically decentralized. Not surprisingly,...
Ripple Hits New UNL Decentralization Milestone
Although the XRP Ledger (XRP) is an open-source, public, and decentralized layer 1 blockchain run by a global community of developers, there has been a history of criticism for perceived centralizatio...
Keith Comito on the benefits of blockchain tech and decentralization in longevity research
Lifespan.io President and co-founder Keith Comito was into longevity before longevity was cool. “We started our nonprofit back in 2014,” Comito said. “Back then, few credible researchers would be caug...
Fresh Ethereum Staking Index Wants To Promote Decentralization
Index Coop, a company that designs structured products on Ethereum, has launched a Diversified Staked ETH (dsETH) index — a tokenized strategy that proponents say will provide its users with a more su...
SSV.Network Launches $50 Million Ecosystem Fund to Support Ethereum PoS Decentralization
Tel-Aviv, Israel, 20th January, 2023, Chainwire ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based appl...
ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi
“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CoinDesk. “We sort of right-sized support functions, some customer support,...
FTX places the emphasis on decentralization
As the analysis of the aftermath of the FTX collapse continues, various findings have emerged regarding the importance of the Distributed Ledger Technology. The collapse of one of the most important e...
13% of Whole Ethereum (ETH) Supply Staked, But There’s Serious Problem with Decentralization
Arman Shirinyan Large part of Ethereum’s supply is staked, but it will not help cryptocurrency at current utilization rate More than 10% of the whole supply of the second biggest cryptocurrency ...
SushiSwap proposed New Tokenomics: to benefit Liquidity and Decentralization.
Time-lock tiers are to be introduced for emission-based rewards. LPs are to receive 0.05% Swap fees. Rewards will be forfeited if accessed prematurely. CEO Jared Grey of decentralized exchange Sush...
SushiSwap CEO proposes new tokenomics for liquidity, decentralization
Jared Grey, CEO of the decentralized exchange SushiSwap, has plans to redesign the tokenomics of the SushiSwap (SUSHI) token, according to a proposal introduced on Dec. 30 in the Sushi’s forum. As par...
Vitalik Buterin Faults Ripple’s Decentralization Claim, Says The Platform Is “Completely Centralized” ⋆ ZyCrypto
Advertisement     Ethereum’s co-founder Vitalik Buterin says Ripple is a centralized entity against claims that they are more decentralized. Ripple’s CTO David Schwart...
Successful decentralization doesn’t need blockchains — Nillion CEO
Decentralization via blockchain technology has given rise to several applications, including cryptocurrency, nonfungible tokens, decentralized autonomous organizations, decentralized finance and much ...
Waves founder calls for aggressive decentralization
Speaking on the recent de-pegging of the Waves’ stablecoin USDN, founder Sasha Ivanov claims the event does not affect the WAVES ecosystem. In a recent statement, Sasha Ivanov, the founder of the Wave...
Waves Founder Sasha Ivanov says Waves doesn’t need centralized exchanges, outlining path to aggressive decentralization
LONDON–(BUSINESS WIRE)–Following the investment warning posted across centralized exchanges last week, which placed warnings on WAVES token trading*; Waves Founder Sasha Ivanov explains USDN depeg doe...
Revolutionizing the financial norm with decentralization: An interview with Akt.io
In 2017, Automata Group launched the AKT.IO project. Gael ITIER gathered a team of experts in traditional finance, blockchain, and tech in order to disrupt retail wealth management to offer users next...
What the New ‘War of the Currents’ Means for Decentralization
In the current “builder’s market,” blockchain developers and founders need to pay closer attention to the developments unfolding across telecommunications, broadband and IoT, rather than speculative d...
Non-blockchain decentralization platform Nillion raises $20 million
Nillion, a startup building a decentralization platform without a blockchain, raised $20 million in seed funding. Investment firm Distributed Global led the round, and Big Brain Holdings, Chapte...
Palantir Co-Founder Says There’s Clear Use Case for Crypto and Decentralization Despite Fall of Major Industry Players
The co-founder of the software giant Palantir Technologies thinks there are still clear use cases for crypto and decentralization despite the ongoing bear market. Joe Lonsdale acknowledges in a new in...