Supercharging DeFi development with TradFi practices
To accelerate the growth and accessibility, the sector might also need to apply some practices from traditional finance.
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To accelerate the growth and accessibility, the sector might also need to apply some practices from traditional finance.
Continue readingImagine endlessly walking down the corridors of a dusty old courthouse in New York, London, or Melbourne to meet a judge who will be considering your NFT scam suit as soon as he figures out what a non-fungible token is… in half a year or so. While Web2 squeaks like an old cart and ambles along at the speed of the new century, Web3 needs to be much faster, more accurate, and transparent in all spheres, including justice.
Continue readingThis week, premier Australian current affairs program Four Corners ran an episode titled “Cryptomania”. On the whole, the reporting team certainly did not paint a rosy picture of the crypto industry, instead they chose to largely focus on scammers and fraudsters that utilise crypto for nefarious purposes.
Continue readingn mid May Ethereum cofounder Vitalik Buterin with E. Glen Weyl and Puja Ohlhaver published a paper titled, “Decentralized Society: Finding Web3’s Soul’.” Some say the 37 page document makes for an unsettling read. There is something inherently disconcerting and Black Mirror-esque about the concept the paper explores, that of soulound Tokens (SBTs). Buterin and his co-authors propose that SBTs could be utilised as a record for things such as a person’s academic history, their reputation, personal relationships and membership of different associations. More than simply an on-chain resume, SBTs could form the basis upon which a financial institution could issue credit.
Continue readingSpeculation on just where Bitcoin might go in the short, medium, and long term has always been a major part of the discourse around crypto.
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