Decentralized

The Rise of DePINs in Web3

Tuesday. September 10 at 8:00 PM

1 min. read

Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the Web3 landscape by connecting physical infrastructure with decentralized technologies. Leading global enterprises have embraced DePINs to expand service accessibility, enhance ownership, and bolster security in infrastructure systems. DePINs utilize native tokens to incentivize participation, supporting the development of both physical and digital networks. Industry experts predict the emergence of trillion-dollar DePIN giants akin to Amazon's AWS cloud service due to the growing demand for decentralized connectivity solutions. Major players like Lufthansa and Deutsche Telekom have launched DePIN blockchain nodes to power the Peaq network, valued at over $170 billion. These nodes play a crucial role in maintaining blockchain ledgers and verifying transactions, contributing to network security and decentralization. Enterprise adoption of DePINs is vital for sector growth, attracting new users to the crypto space and fostering collaborations with innovative enterprises worldwide.

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Decentralized Prediction Markets: Vitalik Buterin's Perspective

Wednesday. October 2 at 4:00 PM

Ethereum's co-founder, Vitalik Buterin, recently discussed the presence of war-related markets on prediction betting platforms. Buterin supported the Hezbollah section on Polymarket, emphasizing their role as decentralized information tools. The crypto community debated the ethics of war-related betting markets following concerns raised by a user named Legendary. While some felt it trivialized serious issues, others argued that it provided valuable insights. Buterin defended the existence of these markets, highlighting their potential to counter misinformation and promote accountability. Despite criticism from some community members, Buterin maintained that prediction markets serve a purpose beyond financial gain. He also addressed concerns about market manipulation and emphasized the importance of decentralized platforms in providing accurate information. Overall, Buterin's stance on prediction markets reflects a belief in their potential to empower individuals and challenge traditional narratives.

Decentralized

European Commission's Blockchain Sandbox Initiative Welcomes Regulators from 22 Countries

Wednesday. October 2 at 6:00 AM

The European Commission has revealed the regulators participating in the second phase of its blockchain sandbox initiative. The European Blockchain Sandbox Initiative (EBSI) announced that 41 authorities and regulators from 22 European Union and European Economic Area countries have joined. Participating countries include France, Spain, Italy, Germany, and more. EBSI was established to support distributed ledger technology (DLT) use cases and facilitate dialogue between blockchain projects, regulators, and authorities to address legal and regulatory challenges. The initiative aims to enhance regulatory clarity for blockchain solutions. Additionally, EBSI will annually back 20 blockchain projects, offering legal advice and regulatory support. Companies selected for the second phase range from real-world asset tokenization to blockchain-based digital passports. Notably, Iota, a crypto ecosystem, was chosen for its identity solution, emphasizing the importance of KYC discussions and privacy in Web3 amidst growing regulatory interest in decentralized finance.

Decentralized

Integration of Velar Dharma with Xverse Wallet Enhances Bitcoin L2 Trading

Tuesday. October 1 at 5:30 AM

Velar Dharma, a Bitcoin layer 2 (L2) trading protocol, has partnered with Xverse, a non-custodial wallet for Bitcoin's L2 ecosystem. This collaboration enables Xverse users to trade assets like BTC, STX, and stablecoins directly within the wallet using Velar Dharma's AMM engine. Velar Dharma now serves as the exclusive Bitcoin L2 swap provider on the Xverse platform, offering fast and secure trades on the Stacks L2 network. Xverse, a popular web3 wallet, provides a secure gateway for storing and trading various Bitcoin L2 assets. With Velar Dharma's deep liquidity pools, users can enjoy competitive pricing and enhanced security features, including Ledger integration. The CEOs of both companies expressed excitement about the partnership, highlighting the improved user experience and liquidity in Bitcoin L2 trading. This integration signifies a significant advancement in decentralized exchange services within the Bitcoin ecosystem, expanding DeFi opportunities for a wider user base.

Decentralized

Decentralized Storage Protocol Walrus Unveiled by Mysten Labs

Tuesday. October 1 at 1:00 AM

Mysten Labs recently revealed its decentralized storage and data availability protocol, Walrus, at the Sui Builder House event in Singapore. Janet Wu, the Director of Product at Mysten Labs, emphasized the significance of data and the lack of storage innovation in recent years. The decentralized storage platform, governed by its native utility token WAL, aims to make Web3 a reality. Walrus, based on a Delegated Proof-of-Stake Network, offers robust resistance to censorship and enhanced reliability by storing data across multiple nodes. The platform, built on the layer-1 network Sui, utilizes a new data encoding algorithm called Red Stuff, enabling faster processing of large files. With a staking model that rewards nodes based on their stake, WAL also serves as a governance token for parameter adjustments. The upcoming Walrus testnet has already garnered interest from various projects, including Decrypt, which plans to store its content on the protocol.

Decentralized