1confirmation Newsletter - Issue #61
Last month Facebook announced a stablecoin initiative called Libra. This was an undoubtedly positive development for the industry, but in our view it's highly unlikely to move the needle from an adoption perspective. Limiting early participation to large companies and $1B+ AUM funds is a great way to prevent buy-in from a broad base of passionate individuals globally. Early buy-in from passionate individuals who have significant skin in the game is an essential and underrated element of any successful cryptocurrency.
Read more about Facebook's stablecoin initiative in our latest blog post: Thoughts on Facebook Coin
Required reading this week
Overview of Layer 2 approaches: Plasma, State Channels, Side Chains, Roll Ups — nearprotocol.com
Alex Skidanov writes an in-depth overview of L2 approaches, including Plasma, State Channels, Side Chains, and Roll-Ups, covering technical details and security guarantees.
Degrees of architectural (de)centralization: To Infura and beyond — research.circle.com
Ria Bhutoria and Wilson Withiam provide a closer look at Infura and other node infrastructure services catering to the Ethereum developer community.
Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners — www.nytimes.com
For the past 5+ years, Nathaniel Popper has consistently been one of the best mainstream journalists covering the industry. In this piece on Facebook, he highlights that the consortium that Facebook is attempting to put together is still far from complete.
Sidechains vs Plasma vs Sharding
Vitalik Buterin explains how exactly sharding is different from sidechains or Plasma, and why go with one approach over the others.
The State of Ethereum dApp Desktop Wallet Integrations — medium.com
Alex Hoffmann does a deep dive into the current state of Ethereum dApp desktop wallet integrations like Metamask, Dapper, Portis, Fortmatic, WalletConnect, and Bitski.
1confirmation portfolio reading this week
Defeating Augur's Largest Attack — www.augur.net
Augur releases a suite of changes that will make invalid market scams a thing of the past and make Augur a more reliable and robust protocol.
DAI / USDC Market Launches on dYdX — medium.com dYdX adds second market to the trade page, enabling spot trading and margin trading of DAI / USDC.
Multi-Collateral Dai: Collateral Types — blog.makerdao.com
The Maker Foundation will ask the community to vote on which assets will be used for multi-collateral Dai: Augur, Basic Attention Token, DigixDAO, Ether, Golem, OmiseGo, and 0x.
Huobi and Nervos Partner On A New Public Blockchain For Decentralized Financial Services — blog.hbg.com
Nervos partners with Huobi, which will be using Nervos to build their public chain for tokenized assets and DeFi services.
Reddit will soon let you tip with crypto without using bots — decrypt.co
Reddit will be introducing a button that allows users to tip each other with the Basic Attention Token (BAT), made popular on the Brave browser.