1confirmation Newsletter - Issue #57
Decentralized exchanges (DEXs) have emerged as a solution to crypto’s bloody history of centralized exchange hacks. While self-custody is an important feature of DEXs, decentralized exchanges also present a unique opportunity to rethink how to design an exchange from scratch based on first principles.
There's no clear winner in the DEX space yet, but three models for designing a DEX have distinguished themselves: the order book model, the automated market making model, and the Dutch auction model. Read more about the tradeoffs for each approach in our latest blog post: A Comparison of Decentralized Exchange Designs.
Required reading this week
Towards a Decentralized Storage Network for the Blockchain Computer — a16z.com
Ali Yahya sits down with Stanford PhD Ben Fisch to discuss the latest research in proof of replication and proof of retrievability, two key technical underpinnings to build a decentralized storage network.
Are Ethereum Full Nodes Really Full? An Experiment. — medium.com
A recurring Ethereum discussion topic is the storage requirements for running an Ethereum node. Marc-André Dumas ran an experiment to calculate the storage requirements for both a full node and an archival node.
DAI is not 1 Dollar — medium.com
Given that Dai has been trading off of its dollar peg for the last few months, David Hoffman presents a new perspective for the role Dai has in its relation to Ether.
Stake to Play Token Economics: Exploring Work Tokens — blockchainatberkeley.blog
Many crypto networks are adopting the work token model. Anjan Vinod explores the different implementations of work tokens and their limitations.
The future is a myriad of blockchain clients — medium.com
Fredrik Harrysson describes how we should build blockchain clients differently with more focus on users.
The State Of The DAOs — hackernoon.com
Vu Gaba Vineb walks through the most notable DAOs in the past, present, and the near future.
1confirmation portfolio reading this week
How to Create Liquid Markets on Augur — medium.com
Ben Davidow recently created the most popular market on Veil – U.S. Presidential Candidate Pete Buttigieg's Twitter follower growth – and reflects on what traits cause a market to draw lots of liquidity.
View Ads, Get BAT: Brave Delivers on ICO Promise of Paid Web Browsing — www.coindesk.com
Privacy-oriented Brave browser is launching its long-anticipated product where users are compensated in BAT for viewing online ads.
Introducing the new dYdX — medium.com
dYdX reveals the new version of its margin trading platform, which supports up to 4x leverage margin trading, borrowing and lending, and portfolio management of assets.
Meet Poyo: An Interview with Augur’s Most Controversial Cat — medium.com
Ben Davidow published an interview with Poyo, the controversial and fluffy Augur and Veil trader responsible for many invalid markets.
Cambrian Tech open sourced its implementation of RSA Accumulators, a new cryptographic primitive that separates validation from storage.
Note: Leaders from many of the projects above and many more will be at our next Token Summit May 16th in NYC. Get your tickets here for a 20% discount