Garlam’s Weekly Crypto Digest | Week of May 15th
Greetings! Thanks for joining me in this new blog post.
I hope your week has been enjoyable.
In this article, I have compiled some of the best content from my trio of publications: The Crypto Illuminati, M6 Labs, and Renoded.
To stay updated on current trends and acquire valuable insights directly in your inbox, don't hesitate to subscribe to any or all of our publications with a simple click: M6 Labs?|?The Crypto Illuminati?|?Renoded
Grab your coffee, and let's dive in without any delay!
Research Reports & Op-Eds by?M6 Labs?(1/4)
Stories on Oasis Network, Zero Knowledge Proofs & Bitcoin DeFi
?? Web3 Warriors: Oasis Network's Privacy Crusade
This article discusses Oasis Network, a privacy-focused layer-1 blockchain network that aims to provide a secure foundation for Web3 by supporting DeFi, GameFi, NFTs, Metaverse, Data DAOs, and other technologies.
Key takeaways:
1.?The Oasis Network is a privacy-focused layer-1 blockchain network built for scalability, high throughput, and low gas fees.
2. The network employs the novel ParaTime Architecture, which separates consensus from computation, allowing it to be more scalable and to support a wide range of specialized computation needs.
3.?The privacy features of the Oasis Network can also generate a new type of digital asset known as Tokenized Data, which allows users to take control of their data and earn rewards for staking it.
Keep reading?here???
???The ZKP Whisperer: Blockchain's Secret Keeper
The article discusses the use of Zero-Knowledge Proof (ZKP) algorithms in combination with blockchain technology to enhance transaction security.
Key takeaways:
1.?ZKP algorithms use cryptographic techniques to validate transactions without revealing the underlying information, making it a potent combination for secure e-commerce.
2. These algorithms have been studied since the 1980s, but their functional applications were developed in the mid-2000s when the Internet became more widely used.
3. Non-interactive zero-knowledge proofs were proposed to reduce communication between the prover and verifier, resulting in more efficient ZK-proofs.
4.?These algorithms are being incorporated into blockchain solutions that allow consumers to interact with value-added digital services while protecting their data privacy.
5. Use cases of ZKP include messengers on blockchain.
Keep reading?here??
???DeFi on Bitcoin: Breakthrough or Bubble?
The article discusses the recent developments in DeFi on the Bitcoin network, which has been made possible due to the Taproot upgrade.
Key takeaways:
1.?DeFi on Bitcoin is now possible due to the Taproot upgrade, allowing BTC holders to use their coins natively on Bitcoin-based DeFi platforms.
2. Notable companies building DeFi on Bitcoin solutions include Stacks, Rootstock, and Mintlayer.
3.?Wrapped Bitcoin (WBTC) offers faster transaction speed, lower fees, and interoperability.
Keep reading?here??
Articles & Threads by?Renoded?(2/4)
Stories on Metamask, Apple & NFTs, the AI-Web3 Convergence, and the Why the Godfather of AI Resigned
????Metamask, The Unexpected Google Competitor
MetaMask is a popular blockchain wallet that allows users to store and manage their cryptocurrencies. Its founder believes it could become the “Google of Web3”.
Key takeaways:
1. The MetaMask blockchain wallet has over 21 million monthly active users.
2. It is an essential tool for crypto gamers, developers, and newcomers to the blockchain space, allowing the masses to access Web3.
3.?MetaMask has introduced a new feature that allows users to purchase cryptocurrency with fiat directly from their wallets.?The Buy Crypto feature is part of the Portfolio Dapp, and users can now buy roughly 90 cryptocurrencies using local payment methods by connecting their MetaMask wallet.
4.?Dan Finlay, MetaMask's co-founder, explains how MetaMask will become the Google of Web3.?Metamask could evolve into a dapp that provides users precisely what they're looking for through various recommendations and services that meet their needs.
Keep reading?here????
???Apple Loses to NFTs
The recent ruling by the U.S. 9th Circuit Court of Appeals has upheld a lower court order, requiring Apple to allow third-party apps to use outside payment options, potentially freeing NFTs from Apple's tight payment grip.
Key takeaways:
1.?The ruling restricts Apple from banning links to outside payment methods, allowing NFT-based applications to conduct transactions without Apple taking a cut.
2. NFTs and NFT marketplaces stand to benefit greatly from this ruling, potentially reducing transaction fees and making NFTs more accessible to a wider audience.
3. The ruling could establish a case law precedent that benefits creators of crypto and non-fungible token apps, leading to increased freedom and profitability.
Keep reading?here???
?????AI x Web3: A Tidal Wave of Innovation
The article discusses the potential for AI and Web3 to work together, with key areas of collaboration including AI agents, DeFi, DAOs, content authenticity, and privacy protection.
Key takeaways:
1.?AI agents, powered by large language models and databases, can be enhanced by integrating Web3-based payment systems, leading to a better user experience.
2. Pairing AI agents with crypto wallets and smart contracts can transform traditional banking, creating a more efficient and autonomous system.
3. Verifiable digital signatures and zero-knowledge proofs can ensure content authenticity and preserve privacy.
Keep reading?here???
领英推荐
???Godfather of AI Resigns, What’s Next?
Geoffrey Hinton, the 'Godfather of AI', has left his position at Google.
This sudden move has sparked conversations throughout the tech community. Not because of a feud with the tech giant, but because of his fears concerning the 'scary tech' his peers are developing.
Key takeaways:
1.?Geoffrey Hinton's departure from Google is due to his fears about the negative impact of AI on the workforce.
2. AI has the potential to upend the careers of people working in various industries, including paralegals, personal assistants, and translators.
3.?Other concerns include AI's ability to impersonate people, the threat of mass unemployment, and the possibility of AI outstripping human intelligence.
4. Google's chief scientist assures that the company is committed to a responsible approach to AI and plans to continue learning from emerging risks while also innovating boldly.
Keep reading?here???
Posts & Threads by?The Crypto Illuminati?(3/4)
Stories on the NFT Buzz, SUI Mainnet Launch, BRC20 Mania and Memecoins
???The Buzz and Concerns Surrounding NFTs
The article discusses various developments and trends in the NFT space, including the introduction of Blend by Blur, the culture of NFTs, NFT lending protocol and the rise of Hoopas.
Key takeaways:
1.?Blur made an exciting announcement about their new platform, "Blend," which introduces peer-to-peer perpetual lending for NFTs.
2. While some argue that NFTs will never reach their former peak, there are differing opinions about the current state of the NFT culture.
3. The Solana blockchain has seen significant growth in its NFT ecosystem, with the rise of Hoopas filling up the pace of the Solana NFTs.
Continue reading?here??
?? The Sui Mainnet Primer
The article provides a collection of top reads on Sui's mainnet launch, including its key features, consensus mechanism, scalability, partnerships, and market response.
Key takeaways:
1. Sui's mainnet launch has garnered attention from industry experts and investors due to its unique features, efficient consensus mechanism, scalability, and partnerships.
2.?Sui has gained popularity as a potential Layer 1 solution for smart contracts and has attracted over 40 games building on its network.
3. The integration with Coinbase Cloud provides a significant boost to Sui's visibility and adoption.
Continue reading?here???
?????BRC20 Mania: How Sustainable Is It?
The article discusses the rise of Bitcoin ordinal theory and its impact on the crypto industry, including the emergence of BRC20 tokens and meme coins. It also touches on the debate around Bitcoin transaction fees and the potential for future growth in the space.
Key takeaways:
1. Bitcoin ordinal theory involves attaching data to satoshis, the smallest unit of Bitcoin, and is used in creating NFTs and BRC20 tokens.
2.?BRC20 tokens are bringing smart contracts to Bitcoin and have already hit a billion-dollar market cap at their peak.
3. Meme coins, a type of BRC20 token, have captured the crypto world's imagination and could bring unexpected innovation to the table.
Continue reading?here???
??? BRC-20 Tokens: Spawning a Memecoin Pandemonium
The article discusses BRC20 memecoins, which are meme-inspired tokens that utilize the BRC-20 token standard on the Bitcoin blockchain. It covers their market cap, differences from ERC-20 tokens, minting fees, and how to trade and mint them.
Key takeaways:
1. BRC20 memecoins are meme-inspired tokens that utilize the BRC-20 token standard on the Bitcoin blockchain.
2. The market cap of BRC20 memecoins has surged to nearly $1 billion at its peak, highlighting their immense interest and potential in the crypto landscape.
3.?Minting fees for BRC20 tokens have reached record highs due to congestion on the Bitcoin network, but this also underscores the demand and enthusiasm surrounding memecoins.
Continue reading?here???
The M6 Labs Daily Bullets Newsletter (4/4)
1???Daily Bullets, Monday |?Link to newsletter
2???Daily Bullets, Tuesday |?Link to newsletter
3???Daily Bullets, Wednesday |?Link to newsletter
4???Daily Bullets, Thursday |?Link to newsletter
4???Daily Bullets, Friday |?Link to newsletter
And that’s a wrap…don't miss out on next week's exclusive content! Subscribe now and have the latest crypto news and research delivered to your inbox:?M6 Labs?|?The Crypto Illuminati?|?Renoded
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Navigating uncharted waters
1 年Thanks, Garlam (??) Won ! Interesting reads, links.