1confirmation Newsletter - Issue #58
There has been a long history of hacks of centralized exchanges in our industry and yesterday Binance suffered the latest hack, losing 7000 BTC (~$40M). It's unclear where the breach occurred, but what is clear is that centralized exchanges still represents a major vulnerability in our industry.
The promise of the non-custodial model that decentralized exchanges (DEXs) offer is to reduce the counterparty risk for users and strengthen the security backbone of the industry. We'll be talking about the future of DEXs and much more at Token Summit in NYC next Thursday. Get your tickets for a 20% discount here.
Required reading this week
Envisioning Capital Recycling in Decentralized Networks — medium.com
Dan Zuller posits how decentralized crypto networks could use idle base layer assets in their ecosystem to potentially support themselves autonomously.
Seven Trends in Blockchain Computing — a16z.com
Chris Dixon and Olaf Carlson-Wee talk about seven major trends happening in blockchain computing now as we shift from basic protocol design to pragmatic product launches.
Rewriting History: A Brief Introduction to Long Range Attacks — blog.positive.com
One of the greatest threats against Proof of Stake protocols is Long Range attacks. Evangelos Deirmentzoglou explains what Long Range attacks are and the different approaches to mitigate this problem.
Which New Business Models Will Be Unleashed By Web 3.0? — medium.com
Max Mersch thinks through which new business models will be unleashed by the upcoming Web 3.0 wave and elaborates on the current state of Web 3.0 business models compared to Web 2.0 business models.
A Timeline of the Most Infamous 51% Attacks in Crypto History — blog.honeyminer.com
Honeyminer walks through a brief history of some of the most significant 51% attacks in crypto history.
🦄 Uniswap Traction Analysis — www.covalenthq.com
Covalent publishes a deep-dive on Uniswap's traction using data from the blockchain.
1confirmation portfolio reading this week
bloXroute CEO Uri Klarman at the Chicago Ethereum Meetup — www.youtube.com
bloXroute co-Founder and CEO Uri Klarman discusses how to scale Ethereum at Layer-0 at the Chicago Ethereum Meetup.
5 Differences between Cosmos & Polkadot — medium.com
Cosmos and Polkadot often get compared to each other. Julian Koh highlights the five key differences between Cosmos and Polkadot and the respective trade-offs of each approach.
The new dYdX margin trading platform is live and open to the public. Buy leveraged short or long ETH tokens and also earn interest on your ETH.
Harbor Partners with Gemini to use Gemini Dollar (GUSD) for Digital Securities Investments and Dividends — medium.com
Harbor will use Gemini dollar, a regulated stablecoin that is strictly pegged 1:1 to the U.S. dollar, as both a funding and distribution mechanism for digital securities offerings on the Harbor platform.