• Edward Snowden explains blockchain
    Commentary,  Technology

    Edward Snowden explains blockchain to your mother better than you ever will

    About 18 months ago, the ex-NSA analyst explained blockchain to his lawyer, who calls Snowden, “the clearest, most patient, and least condescending explainer of technology I’ve ever met.”

    “So what is a Bitcoin and what is this blockchain thing that it runs on?”

  • Full MakerDAO decentralization
    Ethereum,  People,  Technology

    Full MakerDAO decentralization moves closer

    The Maker Foundation took a big step toward relinquishing authority over the DeFi lending platform by turning full control of the MKR governance token over to holders

    The Maker Foundation's decentralization announcement came hot on the heels of a post-Black Thursday debt crisis that threatened to force an emergency shutdown of the MakerDAO decentralized lending platform. That was resolved a day earlier by a reverse auction following a series of votes by MKR token holders.

  • MakerDAO debt auction
    Cryptocurrencies,  Ethereum,  Technology

    MakerDAO debt auction achieves its goal, late bidders reap reward

    Bad debt worth millions of dollars has been covered through the debt auction, but compensating people wiped out by 0 dai bids is still being debated

    MakerDAO has nearly wrapped up its first-ever debt auction—an event designed to cover millions of dollars in bad debt triggered by the ether flash crash on March 12. It seems that those who participated in the debt auction early got a bad deal compared with those who waited to take part later.

  • Buterin wants bitcoin-ether DEX
    People,  Technology

    Vitalik Buterin: Lack of bitcoin-ether bridge ‘embarrassing’

    In a candid tweet, the Ethereum co-founder said it was ‘embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly’

    Ethereum co-founder Vitalik Buterin has called for a decentralized exchange to be built that enables swaps between bitcoin and ether. At present, those who want to convert their BTC into ETH, or vice versa, have little choice but to rely on centralized crypto exchanges, which often charge fees.