The 15th edition of our curated newsletter.
In today’s newsletter we look at:
- Micro-economies for creators
Analysis of Fei Protocol’s vulnerability
Polkadot’s new chapter
China vs crypto
Coinbase browser extension
Ethereum’s Q1 performance
The Rise of Micro-Economies
Have you ever heard of micro-economies? Those are the small under-hundred-member communities with less than $1,000,000 market cap that lack legal incorporation. Their participants work for sweat equity, and the companies themselves have a shared mission, are pre-product and have little to no revenue. Why should you care? Chances are, you or your friends are creators, and these economies give the long-tail of creators a path forward.
Fei Protocol Flashloan Vulnerability Postmortem
Whitehat Alexander Schlindwein discovered a critical vulnerability in Fei Protocol. Fei is a decentralized, algorithmic stablecoin that maintains its price at the peg through various methods. The issue Alexandr has found lies in the fact that flash loan-driven market manipulation can drain Fei Protocol of protocol-controlled funds.
Reliability, Refactoring, and Performance
The Launch of Polkadot’s Parachains
The final phase in the launch of Polkadot, a heterogeneous scalable multichain, is beginning. A highly decentralized blockchain with an inclusive staking system. Before, it existed only as a single chain in isolation, but the launching of parachain functionality will put a last piece in the puzzle. Besides, there are three new features in focus: Parathreads, Off-chain XCMP and Spree.
China Bans Financial, Payment Institutions From Cryptocurrency Business
Once again, China tightened restrictions on crypto. This time the country has prohibited financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading.
Women in Tech: The Change Is Coming
Coinbase Wallet Introduces New Browser Extension
Coinbase is launching a downloadable Coinbase Wallet extension to connect to dapps and DeFi platforms via desktop. All you need to do is link your wallet, and you can start exploring the world of DEXs, NFTs, and other decentralized projects. All activity conducted on the desktop via the Wallet extension will sync with the Coinbase Wallet mobile app.
On the Way to Scalability
Ethereum Announces First Quarter 2021 Results
2021 is a significant year in Ethereum’s history, with economic security and scalability being the central areas of focus. In Q1 2021, total transaction fees increased 200x to $1.7 billion, while total transaction volume increased 20x to $713 billion. Overall, on-chain metrics reached all-time highs. The report highlights Ethereum’s performance from key numbers to strategic partnerships, and it’s worth looking into.
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.