Stablecoins are on the up. If we look at stablepulse, at the time of writing, we’re at over 200B in circulating supply. Volumes are also up, both metrics at all time highs. And while the big actors dominate, their models are by no means decentralized. There’s either an element of cash in a bank, or… Continue reading Distinguished stablecoins
Tag: cryptocurrency
What about L3?
Like I mentioned on LinkedIn a couple of weeks back, Dencun/4844 was Ethereum’s broadband moment. The blob transactions enabled by that hardfork network upgrade enabled a new type of storage space for unstructured data. Very soon after this change, we saw transaction prices on Layer 2s, like Arbitrum, Base, and Optimism drop significantly, often over… Continue reading What about L3?
How much is ETH worth?
There has been much written, discussed and argued about what cryptocurrencies like Bitcoin and Ether are worth. And there has been much nonsense, much superstition, and flawed analysis. Since we’re back in crypto winter, I feel it’s possible to write this without drowning in spam, spam by people trying to pump and dump some coin.… Continue reading How much is ETH worth?
Mining NuPoW Crystal tokens
Not long ago I released the NuPoW Crystal tokens, an implementation of ERC-20 tokens utilizing the new Proof-of-Work algorithm called NuPoW for token minting. The contract has no admin, and there’s no premine on these tokens. The core thing about NuPoW is that it limits the amount of energy used for mining NuPoW tokens through… Continue reading Mining NuPoW Crystal tokens
When does it stop being a stablecoin?
In “traditional finance”, we’ve got something called a derivative. In short, a derivative derives it’s value based on some underlying asset. In the “new finance” world of blockchain and DeFi, we’ve got something called a stablecoin, where the price of the coin is pegged to some underlying asset. So a stablecoin is just a derivative… Continue reading When does it stop being a stablecoin?