1confirmation Newsletter - Issue #56
Signs of crypto spring are starting to show. For better or worse, price is the first thing most look at to measure the success of the industry and the total market cap of public cryptocurrencies has rebounded 60%+ from its year low in December.
But outside of price, the fundamentals continue to improve. Applications driving real usage of blockchains today like MakerDAO, Compound, Augur, Dharma, and Kyber are growing in adoption and new blockchains like Cosmos and Polkadot are slowly rolling out to support new use cases.
You can hear from the leaders of these projects and many more at the third annual Token Summit NYC on May 16th.
Required reading this week
Vitalik Buterin explains cooperative game theory, or classes of games that allow for the possibility of collusion, and how it applies to cryptoeconomic primitives.
DeFi Liquidity Models — www.placeholder.vc
Alex Evans from Placeholder examines different defi liquidity models.
Blockchain Voter Apathy — medium.com
Roy Learner shows how on-chain governance voter turnout stacks up across projects like 0x, Ethereum, MakerDAO, Aragon, Decred, Cosmos, and Tezos.
The SEC Just Released Its Long-Awaited Crypto Token Guidance — www.coindesk.com
The SEC publishes its regulatory guidance on tokens and outlines how these cryptocurrencies may fall under securities classification.
How much are cryptocurrency volumes overstated? — medium.com
Fake volume is a customer acquisition strategy. The higher the trading volume, the higher these exchanges rank on price trackers. Yin Wu explores how much cryptocurrency volumes are overstated based on the Bitwise report.
1confirmation portfolio reading this week
Demystifying Cosmos: Atomic Swaps, Ethereum, Polkadot and the Path to Blockchain Interoperability — medium.com
Jason Choi interviews Cosmos core developer Sunny Aggarwal about topics such as token transfers, atomic swaps, competition with Ethereum and Polkadot, Binance DEX, and Atoms.
Augur v2 - A Tour of the Prediction Protocol’s First Major Upgrade — www.augur.net
Augur shares an overview of major feature changes for version 2 of the protocol.
Blockchain and State Explosion - CKB Development & Technical Discussion — talk.nervos.org
Jan Xie discusses the state growth problem in layer 1 chains like Ethereum and how Nervos addresses this issue.